Posts Tagged ‘higher education’

Maharishi University #MaharishiU MBA students finish in top 1% in worldwide business simulation

February 22, 2017

This is the 4th time MUM MBA students finished in the top percentile at Capsim Management Simulations since they began competing in 2011.

Fairfield, IA – A team of MBA accounting students at Maharishi University of Management in Fairfield recently finished in the 99th percentile in an online business simulation that involved 1,136 master’s-degree-level teams worldwide, competing against teams from schools such as Indiana University, Kansas State, Temple, University of Georgia, University of Northern Iowa, Ohio University, and California State.

This is the fourth time MBA students from MUM have finished in the top percentile since they began participating in the simulation in 2011.

Indicates readiness for job markets

Andy Bargerstock

Andrew Bargerstock, PhD, CPA, Director of MBA Programs at Maharishi University of Management

“We had five teams that participated in the simulation for three weeks in January, and as a group they performed better than two-thirds of participating MBA schools,” said Professor Andy Bargerstock, who taught the capstone course that involved participating in the simulation. “As faculty in the business college, we feel that the simulation results demonstrate the readiness of our students for job markets now and ultimately for executive leadership positions.”

The team’s results in this ongoing simulation were confirmed by Brianne Haustein, client relations consultant with Capsim Management Simulations in Chicago, Illinois.

How the simulation works

In the online Capsim simulation, points are earned through well-defined metrics based on the Balanced Scorecard, a concept developed by Robert Kaplan at Harvard University. It recognizes four perspectives for measuring performance: customer, financial, internal business processes, and learning/growth.

The students must manage both short-term and long-term metrics across eight rounds of decision-making, with each round representing one year. This entails using their knowledge of marketing, finance, operations, human resources, accounting, problem-solving, and data analysis.

The teams act as executives who plan strategies and implement tactics across eight years of business activities.

The basis for comparison

While not a real-time competition per se, the ongoing simulation allows MBA teams to compare their performance with all the other teams who have participated in the previous six-month period from the end date of the last round of decisions.

By the time Dr. Bargerstock’s students participate in the simulation, they have taken a variety of courses such as marketing, finance, human resource management, operations management, business law, and lean management. Then they apply everything they’ve learned by participating in the simulation.

“We began participating in the simulation for a couple reasons,” Dr. Bargerstock said. “It’s an excellent exercise for applying everything they’ve learned. But I was also really curious how our students matched up with other MBA students around the world. It’s gratifying to know that they compare favorably and are clearly ready to be high-level professionals.”

Success in the job world

As students leave campus to fill paid practicum positions, and as they have completed their degree and taken positions as alumni, they have shown remarkable success.

  • Ganesh Baniya, CPA, is the manager of financial accounting and reporting for The Washington Post in Washington, DC. He was on a student MBA team that finished in the top 1% in Capsim.
  • Charles Njoya, CPA, is the director of audit and assurance for Community CPA & Associates, Des Moines, IA. He was on a student MBA team that finished in the top 5% in Capsim.

Many of the students take online distance education courses toward becoming Certified Public Accountants or Certified Management Accountants while in the practicum phase of the program, thereby entering the job world as a CPA or CMA.

200 MBA students enrolled at MUM

rahul-kedia-india-sushil-aryal-nepal-and-ankhbayar-sukhmaa-mongoliaThe top team this year included Rahul Kedia (India), Sushil Aryal (Nepal), and Ankhbayar Sukhmaa (Mongolia).

MBA students at Maharishi University of Management come from around the world. Those participating in the simulation are students in the Accounting Professionals Program. They spend eight months on campus taking specialized courses, and then begin their practicum, in which they work as an accountant for up to two years at a U.S. corporation and complete their MBA via distance education.

Approximately 200 students are currently enrolled in various specializations in the MBA program, including those on campus, those in their practicum phase, and those in special-purpose corporate MBA programs.

Accreditations

In addition to being accredited by the Higher Learning Commission, which accredits universities in the Midwestern region of the U.S., the business program at the bachelor’s, master’s and PhD levels at Maharishi University of Management has met the stringent requirements to be accredited by the International Assembly for Collegiate Business Education.

Contributing writer: Jim Karpen

The Fairfield Ledger: MUM finishes business simulation in top percentile

Related

The Role of Business Simulation Competitions in Higher Education

See more news of previous MUM MBA Capsim wins posted here.

Latest (July 2017)

These MBA in Accounting students also won, a 5th time for MUM! Maharishi University MBAs Receive Top Scores in Global Simulation.

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KTVO reports on Maharishi University of Management’s Visitors Weekend

February 19, 2014

Maharishi University of Management holds Visitors Weekend
by KTVO Newsdesk
Posted: 02.09.2014 at 6:42 PM

FAIRFIELD, IOWA — Prospective students from various states and even countries made the trek to Fairfield on Friday for Maharishi University of Management’s Visitors Weekend.

It isn’t your typical Visitors Weekend at Maharishi University of Management.

The three-day event began Friday and ended Monday with various educational sessions by professors throughout the weekend.

“So they really have a chance to come here and not just get a two-hour campus tour and there’s our fancy buildings,” said Brad Mylett, Dean of Admissions. “But to really go deep into every facet of Consciousness-Based Education and what M.U.M. has to offer.”

Such sessions included a creativity, digital media, and the future presentation by Gurdy Leete.

“We’re seeing this huge, amazing change in the world of media where the formerly, separate silos of media–like print media, broadcast media, film media, music media–all those boundaries are disappearing,” said Leete. “Many of the old companies are dying and being reborn in new form.”

maharishi visitors weekendVisitors were also treated to a modern physics lecture by renowned physicist Dr. John Hagelin.

Beth Stone made the trip from Orlando, Florida and was particularly intrigued by Dr. Hagelin’s knowledge and experience with Transcendental Meditation.

“I practice T.M. myself and was looking for a program that is more complete,” said Stone. “That’s focused on learning and not just giving information out.”

Graduates of M.U.M. even come back to help coordinate the weekend and share their experiences to the prospective students.

“It prepares you not only for the real world, but for yourself,” said graduate Elisabeth Fowler. “And it helps you to understand who you are as an individual, and allows you to become prepared for any experience that comes your way.”

Visitors Weekends like this see much success with 60 percent of prospective students enrolling in the next academic year.

M.U.M. holds visitors weekends ten times a year, one in every month except January and August.

For more information visit http://www.mum.edu or call the Admissions Office at 800-369-6480.

‘Tiny House’ offers big benefits to save energy and money — KTVO’s Kate Allt reports from MUM

May 15, 2013

Tiny House’ offers big benefits to save energy and money

by Kate Allt | Posted: 05.15.2013 at 4:48 PM
Students and volunteers raise the walls on Heather Caldwell's tiny house. / KTVO's Kate Allt

Students and volunteers raise the walls on Heather Caldwell’s tiny house. / KTVO’s Kate Allt

FAIRFIELD, IOWA — We often say that bigger is better, but a tiny house movement sweeping the country is proving otherwise.

Fairfield has several tiny houses, most of them about the size of a typical college dorm room. Wednesday, students in the Sustainable Living program at Maharishi University started construction on the newest one — a 12-foot-by-20-foot home designed by student Heather Caldwell.

“A lot of people believe that – in the tiny house movement – that we just consume too much, we’re living in spaces that are way too big, we don’t need that much space,” Caldwell said. “And so these people are building tiny houses to live in them. The thing that I’m interested in once I graduate is not only building tiny houses, but building a community, tiny house communities. So there’s a tiny house movement right now where a lot of people individually are building tiny houses and pretty soon we’ll see more tiny communities popping up and that’s what I’m majoring in.”

The building course is new at Maharishi University, but they plan to teach it for a long time.

“It’s a global movement, people are doing it everywhere and the idea is to downsize and simplify and to lower your energy demands and to be able to live off of renewable energy,” said Professor Mark Stimson, of Maharishi’s Sustainable Living Program. “One of the greatest things is — well, two things — to become self-reliant. It used to be in the old days in this country everybody knew how to build their own house, but since then we’ve gotten kind of specialized in all that. So this is sort of going back to that era of self reliance. And then the greatest part also is just the idea of living mortgage-free. If you can save a few thousand dollars or just salvage materials from places, you can build a very comfortable, snug home for very little money and not have to pay a mortgage for 20 or 30 years.”

Heather designed every element of her tiny house and will be moving on with two kids, four cats and a dog.

“I didn’t believe it at first,” said Heather’s daughter, Ellie. “It’s one of those projects our parents say they’re going to do and then they don’t do. But it’s happening, so it’s fun.”

Caldwell said one of the most challenging aspects is utilizing the small space available to make a fully functioning home.

“One of the big keys to tiny houses is finding multiple uses for the same spot,” she said. “Like the reading nook in the tiny house is also a guest bed and it also houses the dining room table which slips out from underneath and that’s our dining room table.”

Heather’s family hopes to move in in late June and will live in the tiny house for a year. On top of being smaller and more energy-efficient, Heather’s house is also being designed to be entirely off the grid, with solar-powered windows, composting and mud plaster.

To learn more on Heather’s house and to see progress over the next few weeks, visit her blog by clicking here.

To learn more about the Sustainable Living program at MUM, click here.


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