|
|
|
|
|
| Latest
News |
| 26th
Aug 2010 /
Business Standard |
|
 Harvard Business School drives
Yale and MIT's edifice complex
Yale University’s School
of Management, which aspires
to be among the world’s
best business schools, crams
its students and faculty into
19th-century homes and former
astronomy buildings linked
by a rabbit-warren of basements.
That’s a far cry from
Harvard Business School’s
33-building riverfront campus,
which boasts a chapel, health
club and its own art collection.
To help catch up, Yale is
planning a glittering $180
million structure designed
by Lord Norman Foster, who
built London’s “Gherkin” tower.
The new building, scheduled
to open in 2013, will help
the school keep pace with its
rivals, said Dean Sharon Oster.
Elite business schools are
locked in an “arms race” of
building bigger and more elaborate
business campuses to recruit
the best students and faculty
and climb magazine rankings,
said Yale finance professor
Matthew Spiegel. New buildings
mean more office space for
faculty and more classrooms
for profitable executive education
programs. Larger schools can
also enroll more students,
who pay as much as $80,000
per year in tuition, room and
board and other expenses.
Business schools are now splurging
on high-profile architects
to create imposing glass-and-steel
structures, with everything
from meeting rooms for student
teams to cafeterias with organic
cuisine and health clubs.
Good feelings
“The better the experience people have, the better they feel about the
place, the more likely it will be that they would support it at some point,” said
Robert Dolan, dean of the University of Michigan’s Ross School of Business,
in Ann Arbor, which opened a 25,084 square metre, $145 million building in
2009.
Since the Wharton School of
the University of Pennsylvania
opened its 324,000-square feet,
$140 million Jon M Huntsman
Hall in 2002, rival business
schools have scrambled to keep
up.
The University of Chicago
opened its $125 million Harper
Center in 2004, while Michigan’s
building debuted last year.
Massachusetts Institute of
Technology’s Sloan School
of Business, in Cambridge,
Massachusetts, will open new
facilities this year.
|
|
|
|
