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School of Business > UPDATE > Fall 2001 > Article

On Campus

Accrediting Team Approves School of Business

An external review team involved in the maintenance of accreditation process for the School of Business recommended reaffirmation this summer. A separate team was involved in reaffirming accreditation of the school's accounting program. Final approval will come from the board of directors of AACSB, the international accreditation association of business schools.

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Wisconsin One of 18 Schools Selected for New "Kiplinger Prize"

The School of Business is one of 18 business schools in the country selected to be a charter participant in the new "Kiplinger Prize" program created by the Kiplinger Foundation to recognize outstanding students at leading graduate schools of business. The School of Business will select one exceptional student each year to receive the merit-based $5,000 Kiplinger Prize, in recognition of exceptional academic achievement during the first year of study.

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Manufacturing and Technology Management Program to Offer MBA

The business school's Manufacturing and Technology Management (MTM) program, which had only offered an MS degree, is now also offering the MBA. In the past year, several prominent business schools including Northwestern, Purdue, Yale and Carnegie-Mellon have begun issuing MBAs rather than MS and other related degrees. Professor Urban Wemmerlöv, director of the Erdman Center for Manufacturing and Technology Management that administers the MTM program, said the decision to let students choose between the MS and the MBA was made in response to student requests.

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Executive MBA Program Ranked Among World's Top Programs

The Executive MBA Program at the School of Business has been ranked as one of the world's top 50 Executive MBA programs, according to the London-based Financial Times.

In its October 22, 2001 issue, the Times published its first-ever ranking of Executive MBA programs, measuring a broad range of components.

UW–Madison's Executive MBA program was ranked 28th overall, 18th in the U.S. The Times surveyed Executive MBA graduates from 1998, conducted a database search to identify the school's research, and asked schools to provide data. It measured graduates' current salaries, percentage increase over their graduation salaries, work experience, career progress, and aims achieved. It also factored in the percentage of women on the faculty, student body and the school's advisory board. Other factors included the international component of the program and faculty, as well as the doctoral training and research conducted at the school. The Executive MBA program was launched at the School of Business in 1993.

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Business Faculty Help Russians Learn About Real Estate Markets

Several School of Business faculty participated this fall in an initiative to help Russia develop real estate markets for the first time.

Nine high-ranking Russian land management officials visited the University of Wisconsin–Madison for a week in November. They received training funded by the World Bank as part of a Land Reform Implementation Support Program. UW–Madison is the only university in the U.S. chosen to work with the delegation.

The visitors included an adviser to Russia's Duma, or parliament, and the heads of several land committees. The visitors studied the general characteristics of land markets, land valuation, methods of taxation, mortgage and credit. The visited local lending institutions, real estate brokers and appraisers and government land regulation agencies to observe land market practices in the United States. It only became legal to buy and sell certain types of land in Russia recently.

The visit was organized by the School of Business and UW–Madison's Land Tenure Center, which conducts research and training, and provides technical assistance on landownership and land use issues. The business school's end of the visit was organized by Senior Lecturer Roderick Matthews. Real estate professors Richard Green, Stephen Malpezzi, Tim Riddiough and Kerry Vandell, all of the Department of Real Estate and Urban Land Economics, participated in the training, along with their counterparts from the Land Tenure Center.

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Undergraduate Business Program Rated Among Best in U.S.

This fall, U.S. News & World Report included the University of Wisconsin–Madison on its list of best undergraduate business programs in the nation. UW–Madison was ranked 12th among all undergraduate business programs in the U.S. in the magazine's Sept. 12 issue.

Three of the school's programs were ranked among the top 10 in their areas. The insurance/risk management program was ranked fourth in the nation, the marketing program was ranked seventh and the management program was ranked 10th. Six other programs within the School were also ranked in the top 16: production/operation management, accounting, international business, finance, entrepreneurship and supply chain management.

Wisconsin's undergraduate program has been ranked among top programs in the U.S. by U.S. News ever since the magazine began ranking business programs in 1996. More information is available on the U.S. News website.

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Last updated: December 07, 2004
Copyright © 2001, University of Wisconsin-Madison School of Business