The Buddhist Priest & The MBA Degree

Buddhist Priest Earns MBA

19849568.cmsNormally, you wouldn’t associate Buddhist monasticism and meditation with b-school case studies and CAGRs. However, Keisuke Matsumoto, a Japanese Buddhist priest, found a connection that most had neglected. That’s why he earned an MBA from the Indian School of Business (ISB), with a concentration in marketing and strategy

Like American social entrepreneurs, Matsumoto views an MBA education as a path to grow value-based and community-driven efforts. In particular, his courses trained him to be more customer-centric, to make teachings and temple more relevant and central to the people it serves. For example, Matsumoto recognized that some perceived temple as too conservative and out of touch with the community. To alter this view, he provides classes, concerts, and a café to draw people to temple. What’s more, Matsumoto is launching an education curriculum for Buddhist priests, to build networks between temples and develop consistent practices.

Channeling Siddhartha and Druker, Matsumoto maintains a simple philosophy:

“The value of temples exists not in tangible assets but intangible assets like relational value with people. Temples should focus on how to change people better in terms of spirituality.”

Source: Economic Times

Chicago Booth Sending 78 First-Year MBAs Into Investment Banking

Booth LogoWho said Wall Street is passé? Some 78 members of the University of Chicago’s Booth School are headed into investment banking this year, according to an interim summer internship report. Credit Suisse landed the most Booth students, with 11, while Bank of America/Merrill Lynch was next with nine Booth interns. Goldman Sachs and J.P. Morgan Chase each are taking eight Boothies, while Morgan Stanley and Barclays Capital will be the summer home for five first-years from Booth.

The vast majority of the school’s MBAs are headed to New York for the summer: 42. Not surprisingly, Chicago is second with eight and London is third with six.

The full lineup looks like this:

Bank of America Merrill Lynch 9

Barclays Capital 5

Billow Butler & Company, L.L.C. 1

BMO Capital Markets 1

Citigroup, Inc. 3

Credit Suisse 11

Deutsche Bank AG 3

Evercore Partners Inc. 1

Goldman Sachs Group Inc. 8

Houlihan Lokey 3

HSBC Securities, Inc. 1

ING Groep N.V. 1

JPMorgan Chase & Co. 8

Lazard Freres & Co. LLC 3

Lazard Middle Market 1

Miller Buckfire & Co LLC 1

Moelis & Company LLC 1

Morgan Stanley 5

Peter J. Solomon Co. (PJSC) 1

Robert W. Baird & Co. Incorporated 1

Rothschild Inc. 1

Simmons & Co International 1

SunTrust Robinson Humphrey Capital Markets 1

The Blackstone Group L.P. 1


UBS Securities LLC 1

Wells Fargo Securities, LLC 1

William Blair & Company LLC 2

Source: Wall Street Oasis

Former NFL Stars Shine in George Washington MBA Program

Ever wonder what happened to your favorite professional athletes after they retire? Sure, you’ve probably read the cautionary tales of bankrupt restaurants and real estate ventures, replete with self-serving advisors and thin business plans. Chances are, you haven’t heard of an MBA program at George Washington University geared specifically to retired NFL players.

Last month, GQ published an expose on this two-year program run by entrepreneur Michael Lythcott, which currently has 45 former players enrolled at $99,500 a pop. Designed as two-week modules, the curriculum covers core concepts like accounting, networking, branding, entrepreneurship, and investing. Proponents claim the program provides entrepreneurial tools to athletes with the means and drive to build businesses. Critics have dubbed the program, “MBA Lite.” We’ll let you decide.


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