Cornell Launches MBA Program at NYC Tech CampusLouis Lavelle
Cornell’s new tech campus on New York City’s Roosevelt Island will offer an MBA program designed to bridge the worlds of technology and business.
The one-year, full-time program will start in May. Students will begin in Ithaca, N.Y., where they’ll study business basics such as finance and accounting, and pick up leadership and project management skills. In August they’ll come to New York City for an immersion in such subjects as entrepreneurial finance and technology strategy, as well as hands-on work that may involve technology projects at established companies and startups, both inside and outside the U.S. Cornell’s Johnson Graduate School of Management plans to make the official announcement on Monday.
The program will be taught by teachers from the Ithaca campus, the Cornell technology programs operating out of Roosevelt Island, and newly hired faculty. Many of the curriculum details have not yet been hashed out. “It’s a great way for us to innovate and experiment, to redefine what an MBA program looks like,” says Soumitra Dutta, dean of Cornell’s Johnson Graduate School of Management.
Cornell says it’s looking for applicants with academic or work backgrounds in engineering, computer science, or math. Graduates from the program are expected to take positions in project management, business development, and consulting in all kinds of companies, including startups. The size of the first class has not been determined.
In 2011, after New York’s Mayor Michael Bloomberg offered $400 million in real estate and infrastructure upgrades for anyone willing to build a new graduate school of applied sciences, Cornell and Technion-Israel Institute of Technology submitted the winning $2 billion proposal. It included a $350 alumni gift to finance construction and a $150 million venture fund for startup businesses.
This past May, seven students in Cornell’s New York City masters in engineering program began attending classes in its temporary home, 22,000 square feet of space donated by Google in its Chelsea building. The MBA program will operate out of the Google building until the first phase of construction on Roosevelt Island is completed in 2017.
New York City is already home to two top-ranked MBA programs at Columbia Business School and New York University’s Stern School of Business. Cornell, an Ivy League university that was No. 7 in the most recent Bloomberg Businessweek ranking of full-time MBA programs, outranks both No. 14 Columbia and No. 16 Stern.