UCT'S BUSINESS SCHOOL LEADS THE WAY IN AFRICA AND THE MIDDLE EAST


The Graduate School of Business at the University of Cape Town is blazing a trail for business schools in emerging markets.


Meeting the growing demand for MBA graduates around the world is no easy task but the Graduate School of Business at the University of Cape Town is more than up to the job. This prestigious business school is going from strength to strength, ensuring not only that it remains ahead in a competitive academic environment, but that it leads the way when it comes to teaching and research in emerging market business.


“We aim both to raise the profi le of emerging market business schools as centres of excellence and thought leadership, and to provide local and international students with the skills they need to take on the challenges of this decade’s emerging markets,” says GSB Director Walter Baets.


These endeavours have been recognised – and rewarded – by the international community. The school has accreditation from both the Association of MBAs (AMBA) and EFMD – the Management Development Network. And it has been steadily rising in key international ratings and rankings. Its MBA is the only one in Africa ranked (at 74 in 2013) in the Financial Times’ top 100 and it made its mark


in the 2012 QS Global 200 Business Schools Report as the best of just three Emerging Global: Middle East and Africa business schools with the most appeal and recognition among international employers.


Professor Baets says: “Rankings, as a recognition of quality, have important implications for all customers of the business school; students and companies want to know that the business school they select has international recognition.”


Financial Mail editor-at-large David Furlonger recently wrote that the GSB scores above average in fi nancial reward, promotion and international mobility when compared with other South African schools. He says its status as one of SA’s few internationally accredited business schools means it can deliver opportunities that many others can’t.


In addition, Baets believes that the school delivers extra value by allowing students to specialise their studies in the emerging area of social innovation and entrepreneurship and become part of a new era of business leaders


who drive business for social and environmental good.


The latest research shows that an MBA still is one of the most sought-after business degrees in the corporate environment. According to the QS Intelligence Unit, demand for MBA graduates has grown across all industry sectors with the MBA qualifi cation continuing to play a key role in the battle for global economic supremacy. The report specifi cally makes note of companies in emerging markets fuelling worldwide demand for MBA graduates and Baets says such companies need MBAs who think diff erently.


“The MBA is a long-term investment which brings value to a graduate throughout their career. Employers generally look favourably on the MBA qualifi cation because they expect that those who have studied one will have the knowledge and skills to benefi t an organisation. Our MBA delivers one step more than that: values- driven, innovators who will shape new business models in a world that desperately needs to change.”


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