Henley Africa’s first alumni group pictured
Henley Business School has been ranked in the top position for alumni networks by The Economist magazine in the UK.
The top 15 business school in the survey, released on 24th March 2017, are based in the UK, France, Spain, Switzerland and the US and included Berkeley in California (5th), New York University (7th), Harvard (11th), London Business School (13th) and University of Chicago (15th).
Henley has 70,000 alumni spread across 150 countries with 33 formal regional and country-based international alumni groups. The Economist says that Henley has a vibrant LinkedIn community and that events for alumni occur around the globe at a rate of nearly one a week.
The Economist’s business-school rankings take into account the importance of alumni networks when comparing institutions to one another, but the ‘potential to network’ is the least important of the criteria taken into account when compiling the league table, accounting for 10% of the weighting of a business school’s final rating.
The ratio of MBA alumni to current full-time MBA students, the number of overseas alumni chapters, and how students perceive their school’s alumni networks are considered in equal proportions when calculating a business school’s potential to network, the magazine says.
“A study of students worldwide who are investigating business schools, carried out by CarringtonCrisp, an education consultancy, shows that just one in five prospective students say alumni profiles are important content to put on a business school’s website—the least useful part of a school’s marketing. Still, it might be that students don’t fully appreciate the importance of their networks until after they leave, and need to call in a favour,” The Economist says.
Jon Foster-Pedley, dean of Henley Business School Africa, says the alumni network is a key aspect of a Henley graduate’s life. “Henley is a worldwide, internationally recognised business school, and as such the alumni network provides the platform for graduates to network with their peers anywhere in the world.”
“Our international connections and resources are used to serve our students, differentiate Henley and facilitate growth in a servant academia model,” he says.
Henley Africa also has a ‘Pay-it Forward’ fund which assists students financially who completed their course work and dissertations but cannot afford to pay their final fees.
“Alumni are able to donate money into the fund to assist students currently completing programmes. In return, students receiving funds will give a commitment to pay forward where they will assist someone in the future when they are in a position to provide assistance.”
“There are instances where students complete their course but need assistance with the final costs. This initiative assists them to proceed with their career and give back once they are able.”
“This reflects on Henley’s and its alumni’s values, ambitions and core network that is true to our founding ethos that has helped shape the business school as we know it today. We empower individuals to become great professionals and outstanding business leaders who think with clarity and act with confidence and conviction, and assist others where necessary. We are driven by commitment to our mission which is: We build the people, who build businesses, that build Africa,” says Mr Foster-Pedley.
The world’s three leading educational bodies have awarded Henley triple international accreditation. “That, plus strong recognition in a number of international rankings, puts Henley firmly into the world’s top 1% of business schools.”