Financial TimesBusiness School Briefing: Power shift, etiquette chaos, how to lead

July 12, 20210

Welcome to Business School Briefing. We offer you insights from Andrew Hill and the Business Education team and the pick of top stories being read in business schools. Edited by Wai Kwen Chan and Andrew Jack.

Work and careers roundup

Covid uncertainty means permanent change for managers The pandemic has led to flexible working. Staff feel empowered to make demands of managers and leaders have to try to balance empathy with maintaining performance. A change in power from employers to employees will have unintended consequences, says Ravi Mattu.

Andrew Hill is away.

The handshake is back, sort of, and it’s causing etiquette chaos Business meetings are making a return, bringing disastrous collisions between shakers, bumpers and fist knockers.

“I can report … it is bedlam out there,” explains Pilita Clark

How to lead — Winnie Byanyima: ‘It’s powerful to be different. I never hesitate to be myself’ Andrew Jack interviews the executive director of UNAids who fights for social justice with leadership skills built up over a varied career.

“Everything throws something new at you, and you must be able to fall and get up quickly. I’ve had my falls many times,” says Winnie Byanyima

Wanted: affordable workspaces to transform women’s lives Minutes from the City, social enterprises creating skilled jobs for local residents now risk being priced out.

“We are still being told we don’t have enough experience in the sector to be investment-ready. One wonders if it’s to do with being a female-led organisation,” says Maher Anjum

Read more Work and Careers features at

Business school news by Jonathan Moules

The teaching term has finished for many business schools, but there is plenty of activity in the changing of leadership at institutions. UCL School of Management has appointed Davide Ravasi as dean to replace Bert de Reyck, who was founding director of the prestigious London university’s business school at its inception in 2015. De Reyck’s leadership at UCL goes back 13 years, when he was put in charge of what was then called the Department of Management Science and Innovation. He is moving to run the Lee Kong Chian School of Business at Singapore Management University.

As well as leadership, business schools need to maintain their alumni funding, particularly in the wake of the financial strains caused by the coronavirus pandemic. USC Marshall School of Business has received what it called a “transformational” gift of $20m Randall Kendrick, founder, president, and chief executive of Xebec, to support the institution’s global supply chain management programme. This is the third largest gift in the 100-year history of the Marshall school.

Data line

Masters in Finance graduates are likely to progress quickly in their careers, say Leo Cremonezi and Sam Stephens.

A large proportion of alumni were graduate trainees in their first job after graduation; three years later, their seniority level was most likely to be junior manager or professional.

Graduate prospects

These findings came from alumni who were surveyed for the FT Masters in Finance 2021 rankings.

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Top business school reads

England’s reopening: ‘The world is looking at us with disbelief’ The country is set to be the first to lift all Covid-19 restrictions even as cases are rising rapidly. How big a gamble is Boris Johnson taking?

Delta variant drives Spain’s Covid-19 rate to highest in mainland Europe Infection rate almost tripled in past week, fuelled by sharp rise among under-30s

Euro 2020: Italians cry foul ahead of showdown with ‘arrogant’ English Media in Italy hits out at national team’s opponents

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