News and Events

A group of University of Iowa MBA students got the chance Friday to hang out with Warren Buffett, the billionaire investor commonly known as the "Oracle of Omaha."

Despite being the second-richest person in the world, according to Forbes magazine, the Berkshire Hathaway CEO came off as genuine and humble, said Dave Deyak, the assistant dean to the UI’s Full-time MBA Program.

"Sometimes you have this vision of these celebrity figures when you meet them. In this case, he was very authentic, very down to earth," Deyak said by phone during their return trip. "I think that’s probably one of the keys to his success."

For the past 11 years, the UI’s MBA program has gone on the trip to Omaha, Neb., invited by Buffett’s company. The group of 21 students, along with students from other universities, toured two of Buffett’s businesses, Nebraska Furniture Mart and jeweler Borsheims.

They later had a lunch—paid for by Buffett’s company—of steak, potatoes, and green beans at Anthony’s Steakhouse, served with Coke. Berkshire Hathaway is Coca-Cola’s largest shareholder.

A question-and-answer session with Buffett ran the gamut of topics, Deyak said, with most of the investor’s advice focusing on life lessons. For example, Buffett said, "The most important decision you make is deciding who that person is you’ll marry," and "You should always try to surround yourself with people who are better than you because they’ll help you rise," Deyak recalled.

"He’s definitely a part of the Omaha community and he’s been able to do all of these things and really remained grounded. I think that’s a very valuable lesson for our students," Deyak said.

Ryan Johnstone, a first-year MBA student at UI, said common themes from Buffett’s talk struck a chord, such as making sound investments and not taking stupid risks.

"A lot of companies will take on debt to finance different types of assets....One thing Berkshire does is they’re very averse to taking on debt," Johnstone said. "If you’re already in a position where you’re making money for your investors and your shareholders, why take the risk?"

Johnstone also said he was impressed with how Buffett, at 86, is "still clearly the sharpest mind in the room."

"He can give you specific names, acts, numbers just off the cuff. It’s incredible," Johnstone said. "There’s a reason why he’s been as successful as he has. He has every tool available in his arsenal."

University of Iowa students meet the 'Oracle of Omaha'

The Iowa Hong Kong MBA 15th Graduation Ceremony was held on Sunday 26 June, 2016 for the graduates students of 2015/16 at the JW Marriott Hotel Hong Kong. The function commenced with academic procession walking into the auditorium, more than 150 guests joined and celebrated the event. The Hong Kong MBA program Director Mr. Tony Hui welcomed the gathering.

Associate Dean for the Iowa MBA Programs Mr. David Frasier gave the presidential address. He said to the graduates “You are well prepared as you leave the University of Iowa and the Tippie College. Your Iowa education has given you world class leadership skills and competencies, real world experiences that have developed, fine-tuned, and honed these leadership skills, a true global perspective, and a genuine appreciation for and understanding of the importance of being socially responsible and ethical in the way you conduct your business and personal endeavors". He further said “You are now ready to advance in your careers to fulfill your dreams and ambitions. Remember that regardless of where life takes you, the resources of the Tippie College will be at your disposal and the Tippie family will be behind you. We are all forever bound together by the core values and spirit of our College”.

Dr. Clark Cheng, an MBA with distinction from the University of Iowa gave his keynote address. In his speech he said to the graduates: "It is important to go out of your comfort zone every now and then to test and rediscover yourself. The constant hunger for new ideas and knowledge will help you to become more innovative, and take you to places you would never image yourself to be. Your career would be no fun if you knew exactly what you will become before you start.". He further said "Now you are part of an elite group with great competencies, you shall continue to encounter more people and be able to differentiate who are the ones you can invest and gain from. It is very easy to become complacent so do not allow your learning curve to drop."

Student Representative Mr. Anthony Chan shared his inspiring thoughts to the graduates and the guests.

After the award of degrees the graduates took the pledge to maintain their personal and professional integrity and make the University and their families proud.

Iowa Graduation Speech Iowa Graduation Speech

Downing Thomas, associate provost and dean of International Programs at the University of Iowa has visited Hong Kong and hosted a get together with UI alumni in the area for informal conversation and a chance to make and renew personal connections.

The cocktail was held at the InterContinental Grand Stanford Hong Kong Hotel, with 20+ alumni in attendance.

Downing Thomas

Elections are great for democracies, but a study by a University of Iowa researcher shows they may not be so good for business.

The study, co-authored by Artem Durnev, associate professor of finance in the Tippie College of Business, finds that countries with national elections have more volatile economies because businesses don't like political uncertainty. The study also found economic volatility increases during political campaigns.

Autocracies and dictatorships, however, demonstrate no such volatility because they have less political risk, so investors are more easily able to make business decisions in those countries.

Durnev and his co-researchers looked at 50 countries, both developed and developing, and observed the volatility of each country’s stock market during the six months leading up to an election and for the year after the election. The study found that in general, more mature democracies saw increased market volatility in the six months prior to an election. The markets in autocracies did not exhibit that volatility.

This doesn't mean that autocracies face no market uncertainty, he says. People living under dictatorships often mount revolutions, destabilizing the economy by throwing out the dictator and increasing market volatility. The death of a dictator while still in office also causes increased market volatility because investors are unsure how the country's citizens will react and how new leadership will govern.

But the volatility in democracies was more frequent and clearly tied to the election, Durnev says. The study did not quantify each country's market volatility because that level depended on factors unique to each country and each election. For instance, he notes that in countries like his native Russia, where elections essentially have pre-determined outcomes, markets exhibit little volatility because most investors know what’s going to happen before election day.

The study found that markets don't necessarily settle down in the year after an election, either. Sometimes, Durnev says, the election brings political stability that leads to economic stability. But sometimes the election only creates more instability, increasing political risk and doing nothing to smooth the country's economy.

The study found that some sectors of the economy—including export-oriented industries, industries dependent on contract enforcement, and labor-intensive industries—exhibit greater levels of volatility when political risks are high. Labor-intensive industries also display higher volatility when governments from the political left lead a country or when labor laws are more strict.

Autocratic regimes, on the other hand, reduce volatility, especially in industries that are more dependent on trade or contract enforcement.

Durnev says the study sheds light on what's happening in the U.S. economy right now. Political uncertainty is high and so businesses respond by putting off expansions, investments, and new hires, slowing the economic recovery. He expects businesses to continue sitting on their cash until after the next election, when they have a clearer idea of who our new leaders will be. But even then, he says, they may hold back because the polarized nature of American politics will create ongoing uncertainty no matter who wins.

Durnev's study, "Precarious Politics and Return Volatility," was co-authored by Maria Boutchkova of the University of Leicester, Hitesh Doshi of the University of Houston, and Alexander Molchanov of Massey University. It was published in the Review of Financial Studies.

The Financial Times has named the University of Iowa’s full-time MBA program as the best in the world for finance.

In a recent list of rankings for business education, the London-based financial journal ranked the UI Tippie College of Business over No. 2 Columbia Business School and No. 3 Warton School of Business at the University of Pennsylvania for its two-year, full-time MBA program tracks in finance. The ranking was based on the 2012 graduates’ ratings of their programs.

For the UI program, the employment rate at three months after graduation is No. 2 in the world and No. 1 in the U.S, according to the ranking. The overall program ranks No. 45 nationally and No. 93 globally.

“(The ranking) will mean additional eyes will be on the program in terms of perspective students considering whether to enroll,” said David Frasier, associate dean for MBA programs at UI. "When you look at the Top Five … we are by far the smallest program. So we take more of a boutique niche.”

UI currently has about 115 students enrolled in the full-time MBA program, Fraisier said, with slightly more than a third in one of the two finance tracks.

UI’s program didn’t rank in the Top 10 for any of the other categories: corporate strategy, e-business, economics, entrepreneurship, general management, industrial/manufacturing/logistics, international business, IT/computing and law.

A great opportunity to network with the US students and alumni to exchange ideas at Marriot Hotel. Led by Professor Mikhail Grachev, there were 30+ full-time MBA students from Iowa joining the gala.

CEG works with The University of Iowa College of Education on offering a MA in Counseling Psychology program in Hong Kong. The mission of the MA in Counseling Psychology Program aims to train students in both science and practice of counseling psychology, as well as contribute to the advancement of the profession who can function effectively in various professional roles across diverse settings.

The first class is expected to commence in Mar 2016.

The University of Iowa Hong Kong MBA Program has been providing world-class graduate management education in Hong Kong for well over a decade. The goal of the program has always been to produce global business managers and leaders with the capability of competing in the global marketplace, consistent with the global engagement vision of the University of Iowa.

The 2015 Commencement Ceremony took place at JW Marriot Hotel. Steve Zidek, a Iowa HK MBA graduate who is presently Vice President and Finance Business Partner, Asia Pacific, Marriott International, delivered a keynote speech.

CEG is pleased to announce a partnership with CSU Global to bring the graduate degree programs to learners in Asia. Students in Greater China who apply via CEG will enjoy a special discount.

Iowa named #2 in finance worldwide, #31 nationally, #1 in U.S. salary increase

The University of Iowa's Tippie MBA Program is ranked #31 in the U.S. and #63 in the world overall according to the Financial Times global MBA ranking, published today.

Tippie's position is up 11 spots from the 2013 ranking and up 33 spots from 2012.

The Iowa MBA also achieved an outstanding subject ranking, coming in at #2 worldwide in finance.

The London-based global financial daily compiled its list, recognized as the most-respected global MBA ranking, with a survey that ranked such elements as salary increase after receiving the degree, quality of teaching, and employment rate within three months of graduation.

In addition to the top overall rankings, the University of Iowa MBA topped the Financial Times MBA ranking in two categories among U.S. MBA programs: #1 in the U.S. for percentage salary increase and #1 in the U.S. in value for the money.

The Tippie program received its top salary increase ranking after Iowa alumni reported a 117 percent salary increase since the start of their studies.

Further, Tippie was recognized by alumni for effectiveness in supporting student job searches, achieving a rank of #35 in the world in Placement Success.

Tippie's place on the 2015 MBA ranking puts it in good company with the best MBA programs in the world. Notably, Tippie's ranking bests several Big Ten MBA programs.

The Financial Times 2015 ranking places the University of Iowa Tippie MBA among the top 5 percent of all AACSB-accredited programs in the U.S. - See more at:

Thank you Associate Dean Frasier, for your kind words.

A very good morning to the respected guests and the faculty members. I feel deeply honored to have been invited here today. I would like to begin by congratulating the soon-to-be-graduates - the class of 2014. I am sure all of you have invested years of hard work, sleepless nights and long weekends in earning your Tippie MBA degree. I feel very fortunate to be here today to share these moments of your accomplishment.

Preparing to speak at this occasion provided me with a wonderful opportunity for introspection. So today, I would like to share my experience from my professional and personal life with you.

Eight years ago I was seated on the other side of this dais, anxiously waiting for my name to be called on stage! And when I look back at all these years since my graduation, I realize that my learning hasn't stopped.

I have been working in the telecommunication industry for the past 20 years and have witnessed first-hand, its transformation over the last two decades. Arguably, very few industries can match the pace of change that has engulfed the telecoms industry. Our workplaces have moved beyond the office desk with a clunky desktop computer to any area with coverage for a mobile device. Today, the software applications reside not on a floppy-disk or tape-drive, but in the cloud, accessible from anywhere on the net. The telecom and IT solutions also change rapidly to address the ever evolving requirements of our customers. The only way I know to survive and thrive in this industry is by learning something new every day – I am sure this is true of any given field, not just telecom. And so my first message to you is to "never stop learning".

I invest a few hours every week to read and engage in discussions on online technology forums, on topics that interest me. I make good use of Twitter and LinkedIn to stay informed. One thing I like to do is to take up speaking assignments on behalf of my company at various events around the world. While preparing for my presentations, I have to do a lot of research, which helps me in keeping up to date on new technological trends.

You can try this. While watching someone present on a topic that interests you, place yourself in his or her shoes and think about what you would have said instead. Invest some time, do your research and come up with your own speech. This is a very powerful way to learn.

Several years after my graduation and subsequent promotion to a management role, I was leading a global team of telecoms professionals. It was a very technical and sales oriented role. The CEO of our company was looking for someone to take up this new and challenging IT oriented, strategic role to help refine our intranet and improve sales efficiency. I had the choice of keeping my existing role in the Presales team or to take up this new assignment which would allow me to work with some new and cool mobile technology and also to interface directly with the Sr. management team at a strategic level. The risk was this role had very little in common with what I had done in the past.

After putting in some thought, I decided to step in and take up the role. It involved a lot of self-learning, which you know I am always happy to do. Until last year, our company employees were using an Intranet called INsight to request for information on supplier quotes. This process wasn't user friendly and usually took several days or even weeks to get the relevant information, which let to delays in responding to our customers. We ended up redesigning the system completely. Now with the new system in place, our employees have the same information available to them online in a matter of seconds. And as most of our sales staff is constantly on the move away from the office, we decided to extend this tool on to smart phones and other mobile devices. This initiative saved a lot of time and improved their productivity tremendously. We have increased sales revenue and profitability as a result. It is also a very productive move for me, because now I know that I can do it and I can take that skill and improve other areas of the company.

What I want to say here is that life is about?making choices?and sometimes, it's difficult to let go of a role you are so comfortable in and jump into something completely unknown. But it makes sense to work on something that you are really excited about.

? So in the words of Steve Jobs, my second message to you is to "pursue your dreams - you got only one life". If you are working on something exciting that you really care about, you don't have to be pushed. The vision pulls you. And that makes all the difference.

Before I conclude with my last message, I would like to share an episode from my personal life with you. This was back in the year 2000 when I just moved to Hong Kong with my wife and daughter of 8 months. I took up a job at this internet startup called Q-East Broadband in Hong Kong. It was an exciting time providing broadband internet connections and high-speed links to corporate customers. We picked up a lot of good business. But within a few months of this move, the stock markets crashed and all the VC funding to our company dried up. It was inevitable that the company would fold-up; as a result I lost my job in just a few months of my relocation. This was a very tough and challenging time for me and my family.

I wouldn't have come out of it successfully, had it not been for two things – confidence in myself and the support that I got from my family, especially from my wife. My wife started teaching from home, which allowed for some income at that time. My parents also offered a lot of psychological support. So instead of worrying and wasting time and dwelling in the past on what decisions I should and should not have taken, I set myself an objective to find a new job within the next month with a backup plan in mind to rejoin my former company, if things didn't work out as planned.

I focused on my strengths. I had an engineering degree in telecoms and relevant technical experience in networking that would be very useful to companies in Hong Kong offering such services. I talked to some friends, found companies in that line of business and proactively applied and got interviewed with many of them. Eventually, I was offered a role at the satellite services division of a well-known company in Hong Kong.

My final message to you is this – when the times are tough, remember your two pillars of strength; confidence in yourselves and the support from your loved ones. You can certainly go a long way with these.

Class of 2014, while you and your family have sacrificed a lot in these past couple of years in getting your coveted Tippie MBA degree, many of you may be looking forward for some well deserved fun and relaxation. I would like to encourage you to keep pushing yourself to continue learning more every day and to pursue your dreams. This grilling MBA course helped you improve your critical thinking abilities, inculcate leadership qualities and tremendously boost your self-confidence. In fact this is probably the best time in your life to go after that dream job or start your own business or push for that management role that you have always wanted to get!

I wish you all the best in your future endeavors and congratulations again on your graduation!

Thank You.

Professor Eric Lie from The University of Iowa Tippie College of Business delivered a timely and inspiring speech with overwhelming attendance from CEG graduates and alumni. An impressive number of 60+ attendees were welcomed at the seminar.

Widely recognized as one of the leading influential scholars in business education and research, Professor Eric Lie gave a short and concise presentation on issues including: What is currency risk? Why should firms manage currency risk? How can firms manage currency risk? Are managers more or less inclined to manage currency risk than what is optimal for the firm?

His research, first published in 2004, has since come to the attention of federal prosecutors and the Securities and Exchange Commission, who are investigating dozens of companies that may have given illegally backdated stock options to executives. Companies such as Apple Computer, Research in Motion, United Health Care, Brocade and McAfee are being investigated, and numerous executives have stepped down as a result.

Students who are accepted into the University of Iowa Tippie MBA programme can expect to be challenged by real-world situations and solve issues they are likely to face as they develop their careers.

Consistently ranked as one of the world's leading MBA programmes, the curriculum is designed to meet the requirements of working professionals who aspire to become global business managers and leaders. The Financial Times recently ranked the Tippie MBA ninth in finance worldwide and number one among public MBA programmes in the US.

Carmen Lam, chief executive officer at Principal Global Investors (Asia), says she was attracted to the programme because of the strength and depth of the curriculum, the student mix and the internationally recognised faculty. "When I was researching MBA programmes, the Tippie MBA stood out because of the comprehensive curriculum that covers areas you don't find in text books," says Lam, who in the space of 20 years has advanced her career from being a secretary to CEO of a diversified asset management company.

Describing her Tippie MBA experiences as a "life-changing event", Lam says the programme is more than a business education. For instance, the programme's instructional strategy facilitates the exchange of experiences and ideas as an integral part of the learning process. "The programme provides a firm platform for daily decision making and a diverse toolkit for future career advancement," says Lam.

"You have the opportunity to develop the skill sets needed to be an effective leader that are consistent with the diversity and complexity of rapidly changing business operations," says Lam. She adds that in much the same way that pilots are trained through flight simulators, students are exposed to a number of experiences and tasks that reinforce business management concepts.

Offered in Hong Kong as a part-time programme, the courses are taught face-to-face by the same faculty that teach the on-campus Tippie MBA programme in Iowa. In addition, students also benefit from a few carefully selected local faculty who are experienced educators and possess core competencies that will enhance the applicability of the courses to the Asian economy and marketplace.

"A key strength of the Tippie MBA programme, is being able to acquire knowledge, build on it and use it, "says Lam. "Because of the strong reputation the programme enjoys, those who know that I am a graduate often ask for my views of business situations, which makes me feel proud," explains Lam.

To keep pace with an increasingly interconnected and fast-changing business world, courses are regularly reviewed to reflect global trends and contemporary events. They also draw on the expertise of Tippie faculty on issues in global corporate governance, ethics, social responsibility and best business practices in the context of the ongoing global economic and business turmoil.

'Those who know that I am a graduate often ask for my views of business situations, which makes me feel proud' To harmonise with the schedules of busy professionals, monthly classes are offered on Saturdays and Sundays at tailor-made executive venues conveniently located in Admiralty. As an additional option, students can choose to study one semester at the Iowa US campus.

Designed for individuals who have at least three years of solid work experience, and a good command of English, Lam says students learn through interaction with the faculty and from each other.

"The cross-industry, cross-border and cross-cultural student mix provides lots of opportunities to discuss case studies and business situations where solutions are found and problems solved," says Lam, who completed her final semester at the Iowa US campus. "The knowledge and team-based project learning experiences shared in the classroom can immediately be adapted and applied to your own career situation and workplace," adds Lam, who graduated in 2006 and remains an active member of the Tippie MBA alumni.

The programme providers say going back to school for a master's degree is obviously a major investment of time and money for each student and that each student wants to get the greatest possible return on that investment. Therefore, enrolling in the Tippie MBA programme, which is offered locally, allows the student to gain some of the benefits of studying abroad without the sacrifice of leaving their current employment.

Lam advises candidates who apply to join the Tippie MBA programme to prepare themselves for a rigorous but rewarding education and learning experience. She says a key priority is commitment to the programme, which requires careful time management and a clear strategy to maximise the study experience. Candidates should also seek support from their families.

"The main point I would make is that the Tippie MBA programme helps students to become flexible and capable business managers and future executives who possess the requisite leadership skills and competencies to compete in the dynamic global marketplace. Therefore, they should enjoy the experience," says Lam.

Good morning esteemed guests. It's my great honor to be here.

First of all, I would like to congratulate the soon-to-be graduates. I am very happy for you. T...oday it's a very special day to turn a new page in your life. I beg you won't feel lonely on the weekends to come when you have no more class to go.

As an alumnae I was in your position 7 years ago, picturing what would I become and how should I move forward after my graduation in Iowa. When I was preparing this speech, I reflected on my career path, from a secretary to a CEO in the last 20 odd years. I started to realize that there are a few important qualities that I am so fortunate to have developed, and these qualities not only have brought me lots of accomplishments at work, but also a fulfilling life with lots of joy and fun. I'd like to take this opportunity to share with you.

Firstly, people around me always wonder why I am willing to let go of something that I built so hard and move on to a greater challenge. I think my destiny has a lot to do with the fact that I never stop making an "impact" as what Dean Sa-Aadu has just mentioned. When I was a secretary, I just simply wanted to make a positive impact to my boss, to help him achieving what he wanted to achieve. The result was, he couldn't do his job in my absence and that made him entrusting me a management role for his appreciation of my work. Since I never wanted to stop making an impact, I aimed at being the kind of HR that received the least complaints. We ended up developing a corporate culture that was endorsed by the workforce. It also contributed me an opportunity to move to the frontline leading the business. Being a Hawkeye, my MBA training sharpened my management skills and drew me closer to share the same management philosophy with my top executives in Iowa. Yet, the management of Principal Financial Group entrusted me an opportunity in 2011 to develop a brand new entity that is PrinCorp Wealth Advisors in Hong Kong. However, this was one of the most difficult decisions I ever made in my entire career. It was because I was already holding an acting CEO position in a well-established firm and I was the mother of a 7-month old baby. Nevertheless, a strong desire to change the business practice and further promote the industry's professionalism had urged me to take up this challenge as a mission from God. Today, 2 years after I took over this position, we start to see the impact we are making in the industry

How did we do this? I believe it's because the company and I are sharing the same core value, which is the second quality I want to share with you -- integrity. This is something I learned from my career and my study, and I could never sacrifice my integrity in any circumstances. Although I forsake some short term gain, power, monetary reward, I insisted to uphold this quality when dealing with people and in my business; in exchange, I earned the trust and endorsement from people I encountered over the years. And through this, I have maintained a very valuable social network. When we started this new organization, we experienced lots and lots of difficulties. We were so desperate to recruit the talent we wanted. Fortunately, people kept referring me talents and clients. Industry players endorsed me to be the Sub-Committee Member sitting on the board of the regulator. Without trusted friends, colleagues from my MBA class, business partners who I met in the past, I wouldn't be able to accomplish the job that I am doing today.

Thirdly, having the courage to let go of the past glory and moving on to the next challenge end up won me uncountable reward. When I quit from my executive position to pursue my study in Iowa, I had to take a risk that my income level of my next job might not be able to catch up with my previous one. After graduation, it took me lots of courage to let go of a golden opportunity to work for PFG in Iowa and come back here in Hong Kong purely for a gentleman who claimed that he had been waiting for my return. Now, this gentleman is my husband today and I'm back to Principal again holding a higher position. When I look back in my life, I cannot deny that these life qualities have brought me lots of achievements and benefits in my career when Henry B. Tippie College of Business brought me to a different stage of life. Most importantly, they bring me a fulfilling life with my family and my volunteer work.

Class of 2013, I encourage you to be courageous to chase after your dream, uphold your integrity and never stop making an impact. Each one of us is gifted with unlimited potentials. It's just a matter of whether we are willing to live up to our "calling" and uncover our unique talent. When you are about to turn a new page of life, may I wish you all the best in your future endeavor. Once again, Congratulations!

Professor John Murry, from theTippie College of Business of The University of Iowa delivered an impressive talk about the branding and innovation issues, with 40+ CEG students and alumni in attendance. Technological changes in manufacturing and logistics are dramatically changing how businesses create value and achieve superior profits. Manufacturers traditionally earned superior profits by developing advantages in production efficiency, product quality and distribution. These advantages often required decades to develop and substantial fixed cost investments, but once they were achieved economies-of-scale multiplied their benefits making it difficult for new competitors to enter the market.

The emergence of high quality contract-manufacturing and efficient third-party distribution networks is forcing companies to rethink these traditional business models. Today industry leaders, such as Apple, Nike, and Cisco, operate under new models where innovation, design and branding drives profits. For these companies, manufacturing and distribution are commodities they readily purchase in international markets at low prices. Instead of investing in facilities and equipment, they invest to create more flexible corporate cultures and other intellectual assets. In turn, these intellectual assets drive superior profits by accelerating innovation cycles and creating valuable brands that inspire customer trust, passion and loyalty. Importantly, these companies often achieve high market-shares with premium prices while minimizing fixed-cost investments. This enables increased investments in R&D to better adapt to changes in technology and customer needs.

Ten years ago, in April 2002, the Tippie MBA in Hong Kong was founded, to provide first rate management education in Hong Kong, Mainland China and Taiwan, consistent with the global engagement goals of the University of Iowa. We are especially honored to have hosted the MBA commencement for this year's graduates to greet fanfare at Marco Polo Hong Kong Hotel, with 10+ dignitaries from Iowa in attendance.

In her commencement address, Professor Sally Mason, President of the University of Iowa, quoted Senator Fullbright on the core philosophy of the university: "Differences in culture should be respected", as well as "common bond of humanity", which forms the basis of the university's vision for international education. Iowa has brought a unique brand of American business education to Hong Kong, duplicating a degree program that offers the same as its US counterparts in terms of faculty, pedigree and qualifications

"What makes the program in Hong Kong stand out", said Jay Sa-Aadu, Associate Dean for the Tippie College of Business, "is its focus on experiential learning and diverse mix it attracts". With students of different nationalities and backgrounds coming together, with different levels of international and corporate exposure, the program is a great breeding ground for future business leaders.

The graduation is both about closing one chapter and beginning a new one. We are also confident that the Tippie values of integrity, innovation and impact will provide a strong and stable touchstone as the graduates navigate a dynamic and uncertain world.

Chris Wilcock, a long-time new-ventures specialist, gave an overview of being an angel investor, reflecting his experiences of having been a hands-on angel, having teamed up with various angels to vet opportunities and having been in and around enterprise for three decades.

While most people won't become entrepreneurs or work in a VC fund, a lot of people in the corporate world can still be a part of the private-enterprise scene by being angels. Those people are playing a growing role in funding early-stage firms, and even young businesspeople are becoming angels, not just retirees.

Chris also fielded questions about VC from the perspectives of funds, prospective entrepreneurs, screening criteria, evaluation and valuation process, and etc.

The seminar ended with tasting of a wide variety of premium wines imported from Italy, compliments of Ample Vision. All CEG alumni and students enjoyed the event, and improve their wine knowledge in a relaxed setting with friendly people!

Steve Parkes, Associate Director,Banking and Financial Services at Michael Page International provided all CEG alumni with a wrap-up and a broader analysis of the job market in 2011, particularly in the financial service sector.

As a career consulting specialist, Mr. Parkes also presented the job market outlook for the remainder of 2011 and 2012, as well as share his views on how the changing economic environment will impact on the job seekers.

The seminar was met with a great deal of enthusiasmwith impressive feedback and interactions from CEG alumni, many whom planned to switch their career after attending the MBA program.

Dr. Rick Conboy from University of North Carolina at Charlotte has delivered a talk on "Linking Creativity and Innovation to Strategy" on Oct 13, 2011. The mantra of organizations is often said to be "grow or die." But how will 21st century organizations grow? Most organizations grow through evolution. This seminar is designed to stimulate thinking about how Innovation and Business Strategy interact to create revolutions to drive organizational growth. About 20 students and alumni of CEG were in attendance.

China Education Group is pleased to announce a partnership with Michael Page International, as part of our initiatives to provide career advisory service and job opportunities to our graduates and alumni.

As a premier education and training company in Greater China, CEG is affiliated with world-renowned universities to offer their degree and executive programs in the region. The company aims to provide our graduates, mostly middle to senior executives or working adults, access to continuing education, career consultancy and speaker events, delivered by industry leaders and distinguished individuals. The primary objective of these activities is to support the graduates in furthering their careers through personal networking and skills enhancement.

Michael Page International is a leading professional recruitment consultancy specializing in the recruitment of permanent, contract and temporary positions on behalf of the world's top employers. The Group operates through 152 offices in 32 countries worldwide, bringing job seekers and employers together for more than 30 years. Its presence in the Greater China region includes 3 offices in Hong Kong and 5 offices in Mainland China – Shenzhen, Guangzhou, Shanghai and Beijing, focusing on recruiting for the sectors of Accounting, Banking, Engineering & Supply Chain, Human Resources, Legal, Sales, Marketing & Retails, Property & Construction, and Technology etc.

With the partnership, students and graduates of the Stanford Financial Engineering Program, Stanford Senior Executive Program, The University of Iowa International MBA Program and The University of North Carolina MBA Program will benefit in the following ways:

Attend seminar on the prevailing trends/updates in the job market.

Meet with consultants from Michael Page. Listen to their expert advice on how to strengthen career prospects. Match job requirements with skills, experience and career direction.

Access to job vacancies, as well as personalized service provided by professional consultants from Michael Page.

Professor Dennis Schrag from the University of Iowa led a seminar on effective persuasion skills. The seminar has drawn about 40 alumni and students of CEG.

This seminar examined the key factors of an effective communications process, teaching people why their message and delivery system must harmonize, combining both logical and emotional appeal, presented in a compelling fashion.

Selling a concept of a product requires effective persuasion, which is the ability to present a message in the way that other people support it. The seminar was designed to help people polish their communication skills, particularly those who believe that change and improved ways of doing things are the way forward to challenge crises and be more productive.

Professor Schrag used real-life cases to illustrate common pitfalls and mistakes people make during the negotiation process, engaging participants in a highly interactive and practical discussion. Professor Schrag took all participants through a dozen of powerful and proven persuasive techniques such as "Interaction-based techniques including listening and storytelling", Relationship-based techniques including reciprocity and social comformance", among others.

On August 22, 2010, about 20 Tippie MBA students and alumni participated in a boat trip from Hong Kong to outlying islands. It was an enjoyable and fun activity. Besides providing students with a good relaxing experience outside their classroom, this boat trip was also an ideal opportunity for alumni and current students to know and re-connect with one another. The atmosphere was filled with joy and excitement.