Igniting Future Business Leaders!
Dearreaders,
Intheever-evolvinglandscapeofbusiness,whereglobalization,technological advancements,andeconomicuncertaintiesarethenorm,pursuinganMBAhasbecome morecrucialthanever Asindustriesundergorapidtransformationsandcompetition intensifies,theneedforskilledbusinessleadersequippedwithadvancedknowledgeand strategicacumenhasescalated.Initslatestedition,TheEducationMagazineunveils“The 10EliteMBACollegesof2024,”recognizinginstitutionsthatareinstrumentalinshaping thenextgenerationofbusinessvisionariesandinnovators.
OurcoverstoryspotlightsTheUniversityofNorthAlabama’sSandersCollegeof BusinessandTechnology,aninstitutionsynonymouswithexcellenceinMBAeducation. Renownedforitsrigorouscurriculum,distinguishedfaculty,andcommitmentto experientiallearning,SandersCollegeofBusinessandTechnologyhascarvedanichefor itselfasaleaderinbusinesseducation.Aswedelveintothecollege'sinnovative programs,industrypartnerships,andsuccessstoriesofitsalumni,readerswillgain profoundinsightsintohowtheinstitutionissettingthestandardforeliteMBAeducation in2024.
Inadditiontoourcoverstory,thiseditionfeaturesprofilesofotheresteemedMBA collegesthathaveearnedrecognitionfortheircommitmenttoacademicexcellenceand industryrelevance.FromCaliforniaStateUniversity,LongBeach,withitsemphasison entrepreneurshipandinnovation,toNationalLouisUniversity,renownedforitsflexible learningoptions,andMisericordiaUniversity,knownforitsethicalleadershipfocus,each institutionbringsauniqueperspectivetothenarrativeofeliteMBAeducation.The UniversityofSt.Francisfurtherenrichesourexplorationwithitsemphasisonvaluesbasedleadershipandglobalperspectives.
Aswenavigatethroughtheprofilesofthesedistinguishedinstitutions,readerswill witnessthediverseapproacheseachcollegetakesinpreparingMBAgraduatesto navigatethecomplexitiesofthemodernbusinessworld.TheEducationMagazineinvites readerstoexplore“The10EliteMBACollegesof2024,”celebratingtheeducational institutionsthatareshapingthefutureofbusinessleadershipandinnovation.
HappyReading!
Parag Ahire Project Editor
From The Editor’s Desk
People Behind This Issue
Publisher: Archana Ghule
Editor–in–Chief: Vikram Suryawanshi
Managing Editor: Pankaj Gholap
Project Editor: Parag Ahire
Sales & Marketing
Project Head: Aakash Mahajan
Sales Co-ordinators:Maria Smith Swati Kumari
Project Manager: Isac Lukose Nehal nagpure
Art Director: Sachin Kharat
Graphic Designer: Anu Bharathi M
Marketing Head: Robert Smith
Research Team: Daisy, Rahul, Maranda, Rocky
TheEducationMagazineispublishedbyPericlesVenturesPvt Ltd.Thismagazinecontainsmaterialprotectedunder InternationalandFederalCopyrightLawsandTreaties.You maynotpublish,display,disclose,rent,lease,modify,loan, distribute,orcreatederivativeworksbasedonthemagazine contentsoranypartthereof,whetherbyyourselforasa consultant,employee,partnerorinanyotherroleunless authorisedinwritingbythecreator/publisherofthearticle/, video,audiooranycontentcontainedherein.We,theteamof TheEducationMagazineputalltheeffortstokeepupwiththe contentaccuracy Thepublisherassumesnoresponsibilityof anypartofthecontentofanyadvertisementinthispublication, includinganyerrorsoromissionstherein.Allrightsreserved byPericlesVenturesPvtLtd.
cover story
THE UNIVERSITY OF NORTH ALABAMA’S SANDERS COLLEGE OF BUSINESS AND TECHNOLOGY
University of NORTH ALABAMA’S
SANDERS
COLLEGE
TheUniversityofNorthAlabama’s SandersCollegeofBusinessand Technologyoffersadiverserangeof onlineandon-campusdegreeprogramsinbusiness education.TheCollege,renownednationallyforits top-rankedMBAconcentrations,empowers undergraduatesandworkingprofessionalsto achievetheireducationalaspirations.Itdelivers high-qualityeducationthatisaccessibleand affordableforthedynamicneedsofworking adults.
In2004,theCollegelaunchedtheonlineMBA program,atransformativeinitiativethataligned withtheinstitution’scommitmenttoleadershipin businesseducation.Thisforward-lookingapproach madetheUNAMBAprogramthelargestMBA programinAlabamaforsevenconsecutiveyears. Thisachievementreflectstheinstitution’sacademic excellenceanditspledgetoprovidequality educationatanaffordablescale,equippingstudents tonavigatetheever-evolvingbusinesslandscape.
TheCollegeprovidesexperientiallearning opportunitiesthatgobeyondthetraditional classroomsetting.Ithelpsstudentsbuildpractical knowledgeandskills.Theacademicprograms offeredbytheSandersCollegeofBusinessand Technologyensureavibrantandengaginglearning experience.TheCollegeshapesfutureleadersand fosterssuccessandinnovationinbusinessand technology.
ACommitmenttoExcellenceinBusiness Education
SandersCollegeofBusinessandTechnologyoffers adiverserangeofonlineandon-campus undergraduateandgraduateprograms.Theonline MBAprogram,whichhastenconcentrations, includingthenewoptionsofDataAnalyticsand Sales/NewBusinessDevelopment,isespecially noteworthy Thisflexibilityallowsindividualsto tailortheireducationtotheircareergoals. Moreover,thecollegehasAACSBAccreditation, whichputsitinthetop5%ofglobalbusiness schools.Thisprestigiousaccreditation demonstratestheinstitution’scommitmentto academicexcellenceandsetsitapartinthe competitiveeducationallandscape.
Inaddition,,theCollegefocusesontheneedsof workingadults.Itdeliversaprogramthatmeetshigh academicstandardsandthepracticalrequirementsof therealworld.Consequently,thecollegestays responsivetomarketdynamicsandstudentneeds, makingitaleaderinprovidingqualitybusiness education.
TransformativeLeadershipinBusinessEducation
Dr.GregoryCarnes,anationallyrecognized AccountingProfessor,hasbeentheDeanofthe SandersCollegeforelevenyears.Heleadswith assuranceandprideinthecollege’sprograms, especiallytheMBAprogram.Underhisguidance,the MBAprogramatUNAhastransformedthecareersof thousandsofalumnibyfacilitatingcareer advancementsandtransitions.Heemphasizes flexibilitythroughonlineprogramsanddelivers significantvaluetostudents,showinghiscommitment toadaptabilityandexcellence.
Asaresult,thealumniarehighlysatisfiedwiththe College’sdedicationtoprioritizingstudents.Dr Carnesensuresthatthecollegeprovidesthe knowledgeandskillsessentialforsuccessinaneverevolvingbusinesslandscape.Heiscommittedto individualstudentgrowth,adedicatedfaculty,anda robustcurriculum,exemplifyinghisvisionfor preparinggraduatestoexcelintheirprofessional journeys,whetheronlineoroncampus.
CommitmenttoIndividualizedLearning
SandersCollegeiscommittedtoindividualized attention,asshownbyanotablestudent-teacherratio. Full-timefaculties,whohaveexpertiseanddedication, leadmostonlinecourses.Additionally,most professorshaveteachingassistantswhoallhaveMBA degrees.Thiscollaborativemodelhelpsfaculty membersleadandteachcourseseffectively.Italso ensuresthatteachingassistantsfostercommunication andaddressstudentqueriespromptly
Furthermore,theinstituteprovidespersonalized attentionwithfull-timefacultyandteachingassistants. Thisdualapproachcreatesalearningenvironment whereeachstudentcanreceiveindividualized assistance.Itfostersamoreengagingandsupportive educationalexperience.
“
Part of our mission is to provide a high-quality education that is accessible and affordable to working adults
COVER STORY
InclusiveAdmissionsCriteriaandStreamlined Process
Theinstitute’sMBAadmissionscriteriaareaccessible. Theyrequireabachelor’sdegreeoritsequivalentwitha minimumGPAof2.50ona4.0scale.Thereisno GMATrequirement,whichstreamlinestheapplication processandmakesitmoreinclusivefordiverse candidates.
Moreover,theinstituteoffersnumerousfinancialaid opportunitiesbeyondtraditionaladmissions.These includevariousscholarships,suchastheNewStart Scholarship,whichgivesnewlyenrolledonlinestudents theirfirstcourseforfree.Also,multipleEndowed Scholarships,theAlumniScholarship,andtheMilitary HeroesScholarshipshowtheinstitute’scommitmentto supportinggraduatestudents.
Specifically,theMilitaryHeroesScholarshipprovidesa 33%tuitiondiscountforactivedutyorveteransofthe U.S.Militaryandtheirspouses.Itshowstheinstitute’s dedicationtorecognizingandhonoringmilitary personnel.
EnrichingEducationthroughExperientialLearning andGlobalOpportunities
SandersCollegeemphasizesexperientiallearning, offeringaricharrayofextra-curricularactivitiesand resources.Theseincludestudyabroadtrips,whichgive studentsaglobalperspective.Studentorganizationsand networkingeventshelpstudentsmakevaluable connectionsandengagewiththecommunity,creatinga well-roundededucationalexperience.
TheCollegehasastudentincubatorandmakerspace, showingitscommitmenttoinnovationandhands-on learning.Additionally,twocomputinglabsimprove practicalskillsinatechnology-drivenenvironment. Remarkably,onlinestudentshavethesameopportunities ason-campusstudents,withmanyMBAstudents joiningannualstudyabroadtrips,enrichingtheir educationaljourney
CommitmenttoDiversityandInclusionfor InternationalStudents
Theinstitutevaluesdiversityandinclusion,asshownby adedicatedfacultymemberwholeadstheCollegeDEI
COVER STORY
Committee.Thecommitteeworkstocreateaholisticandinclusive campusenvironment.Studentsfromover27countriesfeel welcomedandsupportedastheyjoinacommunitythatprovides networkingopportunitiestohelpthemadjusttothenew environment.
Theinstitutealsohelpsinternationalstudentsbeyondacademics.It offerssupportservices,mentorshipprograms,andcultural integrationactivitiestohelpthemacclimate.Networking opportunitiesconnectinternationalstudentswithpeers,faculty,and professionals,creatingacomfortableandinclusiveatmospherethat improvestheireducationalexperience.
ProactiveCurriculumEvolutionandDedicatedCareer Support
Theinstitutepreparesstudentsforthedynamicjobmarketby refiningitscurriculumcontinuouslybasedonevolvingindustry demands.Thiscurriculumrefinementequipsstudentswiththe latestknowledgeandskillsforsuccessintheever-changing professionallandscape.
Additionally,theinstitutehasadedicatedCareerDevelopment Managerwhoguidesstudents.Thisprofessionalhelpsstudents developcrucialskillstomeetreal-worldchallengesinthejob market.TheCareerDevelopmentManagerinvolvesstudentsin activitiessuchasresumebuilding,interviewpreparation,and networkingopportunities,matchingthemwithcurrentemployer expectations.
Therefore,theinstitutestayscurrentandprovidesdedicatedcareer support,ensuringthatstudentsgainnotonlytheoreticalknowledge butalsopracticalskillsandinsightsforcontemporaryindustry needs.Thisapproachpreparesgraduatestofacechallenges confidentlyandthriveintheevolvingprofessionallandscape.
EmpoweringEntrepreneurialExcellenceatSandersCollege
Aspiringentrepreneurscanfindawealthofresourcesandsupport attheSandersCollegeofBusinessandTechnology TheCollege hasrecentlylaunchedtheJoelR.AndersonBBAinInnovationand Entrepreneurship,aprogramthatreflectsitscommitmentto fosteringentrepreneurialspirit.Theprogramisaffiliatedwiththe JoelR.AndersonCenterforInnovationandEntrepreneurial Studies,whichoffersvariousopportunitiesforstudentstodevelop andshowcasetheirbusinessideas.
TheCenter’sflagshipinitiativeisTheGenerator,a6,000-squarefootmakerspacethatboastsover$300,000worthofcutting-edge technologyandequipment.Inthissecureandenriching environment,studentscanexploreandtesttheirbusinessideas
COVER STORY
beforebringingthemtothemarket.TheGeneratoralso provideshands-onexperience,teachingparticipants fiscalresponsibilityandguidingthemthrough developingandimplementingaviablebusinessmodel.
NurturingAlumniConnectionsatUNA
Theinstitutestronglyemphasizesfosteringarobust andsupportiverelationshipwithitsalumniatUNA. Variousinitiativesdemonstratethiscommitment,such asmaintainingastrongconnectionwithformer students.
Theinstitutionhasanactivesocialmediapresence, whichservesasadynamicplatformforalumnito connectandcurrentstudents.Thisonlinecommunity offersaspaceforsharingexperiences,networking,and stayingupdatedoncollegedevelopments.The comprehensiveannualreportalsoshowstheinstitute’s dedicationtokeepingalumniinformedaboutthe college’sprogress,achievements,andstrategic direction.
Theannualreportismorethanjustaninformational tool;itcelebratessuccessesandreinforcesasenseof prideamongthealumnicommunity.Theengagement continuesasmanyalumnicontributetoshapingthe College’sfuturebyservingontheExecutiveBusiness Council.Theirinvolvementinthiscapacityenables
themtoinfluencethemissionandstrategicvision ofthecollege.
ImportanceofMBAEducationinNavigating DiverseCareerPaths
TheinstituteunderstandsthatMBAgraduates todaypursuediversecareerpaths,includingroles inaccounting,management,entrepreneurship, finance,humanresources,marketing,andother fields.Asbusinessesevolverapidly,adaptability andagilityareessentialattributesthatmakeMBA graduateswell-suitedforleadershippositions acrosssectors.
Therefore,thechoiceoftherightMBAprogram iscrucialinthedynamiclandscapeofmodern business.Graduatesneedadaptableskillstocope withrapidchangesinthebusinessenvironment, andahigh-qualityMBAprogramequipsstudents withsuccessfulcareers.
Moreover,suchaprogramoffersmorethan theoreticalknowledge;itprovidesarelevant curriculumthatalignswithindustryneeds, connectsstudentswithkeyplayersinvarious sectors,andcreatesaconducivelearning environmentthatfostersbothacademicand practicalskills.
SandersCollegeofBusinessandTechnologyenvisionsafutureof innovation,academicexcellence,andcommitmenttomeetingthe evolvingneedsofstudentsandtheprofessionallandscape. Therefore,theinstituteplanstoexpandandenhanceitsprograms, embraceemergingtechnologies,andstayaheadofeducational trends.
Moreover,theCollegeaimstodeepenitsglobalimpactby fosteringcollaborations,attractingdiversetalents,andoffering moreopportunitiesforinternationalengagement.Itwillmaintain itscommitmenttodiversity,inclusion,andexperientiallearning, creatingadynamicandsupportiveenvironmentforstudents.
Additionally,theinstitute’sfutureplansincludestrategic partnershipswithindustries,alumni,andresearchinstitutions, ensuringrelevanceandreal-worldapplicabilityinitsprograms.As technologyandbusinessdynamicschange,theinstitutewillrefine itscurriculum,preparinggraduatesforthechallengesand opportunitiesoftomorrow’sprofessionallandscape.
VISIT US www.una.edu/mba
VisionforFutureExcellence
NATIONAL LOUIS UNIVERSITY Creating
Skilled Business Leaders with an Inclusive Education Approach
“A 100-year-old legacy, NLU is building rewarding careers for students and developing the next generation of leaders through our innovative and creative curriculum.”
Thepandemichastransformed
thewayorganizationsfunction andhowleaderslead, includingmanagingremotework teamsandadaptingtochanging customerneeds.Followingthetrends, whilehandlingsmoothfunctioningof theorganization,businessesare seekingleaderswhoareabletoadapt toanysituationandwhoarepioneers ofcreativesolutionstoproblems. Organizationsseekaccomplished businessleaderswhopossessabroad rangeofmanagerialandorganizational skillsaswellasemploy communicationandteamworktocreate inclusiveworkenvironments.
Understandingtheneedforproficient andinclusiveleadershipinthe industry,variousinstitutionshave begunprovidingqualityleadership trainingandeducation.NationalLouis University(NLU)isonesuch inclusiveandinnovativecommunity, providingeducationalopportunities thatinspireandempowerlearnersto prepareforandadvanceinmeaningful livesandrewardingcareers.
RevolutionaryInception
NationalLouisUniversitywas establishedadheringtotheprinciple thatqualityeducationcantransform lives,careers,andcommunities.The historyoftheuniversitydatesmore than130yearsbackwheneducation
pioneerandsocialreformerElizabeth Harrisonopenedakindergarten trainingschoolwiththegoalto promoteearlychildhoodeducation. Consideringthisradicalidea,Harrison workedpersistentlyandher groundbreakingworkhelpedlaunch theNationalParent-Teacher AssociationandtheHeadStart program.
Moreover,theNationalCollegeof Education(NCE)becamethefirst universityinIllinoistoofferafouryearteachingdegree.Withthelarge donationfromphilanthropistMichael W.Louis,theschooladdedtwomore colleges.ItbecameNationalLouis Universityin1990,aimingtofulfillthe missiontoprovidesuperioreducation thatmakesadifference.Currently, NationalLouisUniversityserves 10,000studentsatfourlocationsin IllinoisandFlorida.
Theuniversityhassixacademicunits includingTheNationalCollegeof Education,KendallCollege,The CollegeofPsychologyandBehavioral Sciences,theUndergraduateCollege, TheGraduateSchoolofBusinessand Leadership,andAccelerateU—arapid micro-credentialingtrainingprogram. Moreover,itboastswithpridethat 75,000livingalumniareusingtheir NLUeducationtoleadandserve others.
GrowingInternationalRecognition
Topromoteequalopportunitiesforeverystudent,National LouisUniversitykeepsdiversity,equity,andinclusion centraltothework.Theuniversityacknowledgesthat diversityisholisticandcreatesinclusiveenvironmentsfor thefaculty,staff,andstudents.Itnotonlyspreads awarenessbutrespectsallthroughtheirUNITYcommons, DEIcouncilefforts,CentrodeExcelencia,andpartnership withtheIllinoisEquityinAttainmentInitiative.Ithasa growinginternationalpopulationandwelcomesand encouragesinternationalcandidatestoapplytothe university.InternationalstudentsattendingtheChicago campusstudyandearnadvanceddegreesintheMBA program,theMSinBusinessDataAnalyticsprogram,and intheDoctorateofBusinessAdministrationprogram.
MaximumStudentEngagement
Apartfromtheexcellentacademicprograms,National LouisUniversityarrangesnumerousextra-curricular activitiesoncampus.Studentsareallowedtotakethe benefitsoftheuniversity’sexclusivepartnershipswith leadingplayersintheChicagobusinesscommunity. Additionally,theGraduateSchoolofBusinessand LeadershipatNLUpartnerswithvariouslocalbusiness incubatorsaswellasseveralcorporatecompaniesinthe downtownarea.Studentsareprovidedwithopportunitiesto connectwithanetworkofChicagoleaders,entrepreneurs, andotherbusinessstudents.ThroughtheuniqueChicagobasedlow-residencyexperiencesandnetworkingevents, theuniversityhelpsMBAstudentsgrowtheirleadership skillsandtheirbusinessnetwork.
IGNACIO LOPEZ
Dean, of the Graduate School of Business & Leadership
InclusiveandCreativeStudyPrograms
NationalLouisUniversityprovidesanarrayof innovativeprogramsandacademiccourses.NLU offersover70academicprograms.Cateringtothe latesttrends,theuniversityhasmadesignificant revisionsandstrengtheneditsMBAprogram.Dr. IgnacioLopez(Dean,oftheGraduateSchoolof BusinessandLeadership)hasledtheMBA redesigneffortswithagroupoftalentedfacultyand businessleaders.Moreover,thisMasterofBusiness Administrationprogrampreparesstudentstobe inclusiveandcreativebusinessleadersmakingan impactontheirrespectiveorganizations.
Withtheprominentstudyoptions,studentscultivate theirownuniqueleadershipstyleandlearntosolve complexbusinessproblems.Theyapplystrategic integrationofdiversity,equity,andinclusionefforts aswellasincorporateandinspirecreativityinthe workplace.Moreover,collaborativehands-on learninghelpsMBAstudentsbuildbusiness awareness,sharpentheircriticalthinkingskills, enhancecommunication,andputbusinesssolutions toaction.Intheclassroom,studentslearndirectly frompracticingandfield-engagedfaculty These facultymembersworkinvariouscorporatesettings, entrepreneurshipcoachingenvironments,andwithin thebusinessecosysteminChicago.
DealingwithDynamicWorld
NLUhelpsstudentswithenhanced careerdevelopment.Theuniversity empowersstudentstothriveina dynamicindustry.MBAstudentscan haveone-on-oneconversationsabout theircareergoalsandreceivefeedback onacademicprojectsthrougha distinctivebusinessmentorprogram. Mentors,hostingtheprogram,are currentlyworkingasexpertsinvarious fieldssuchasmarketing,finance, humanresources,etc.Through businessmentoringstudentsgain tremendousknowledgeandconfidence tocreateandenactimpactfulbusiness solutions.
ThroughtheMBAcurriculumthat includesin-demandbusiness competencies,DEI,dataanalytics,and creativity,studentsleadwith confidence.Thepractitioner-based, hands-oncurriculumapproach differentiatesNationalLouis
Universityfromotherinstitutions. Whileotherschoolsrestrictthemselves tothetheoriesofpracticeinthe businessspace,NLUdistinguishes itselfwithitsapproachthatsitsatthe nexusoftheory-to-practice.This action-orientedcurriculumchallenges businessstudentstoputintopractice keyleadershipcompetenciesand iteratesolutionstoachievesuccess.
SupportingEntrepreneurship
NLUsupportstheideaof entrepreneurshipandhelpsstudents whoaspiretostartnewbusinesses. TheGraduateSchoolofBusinessand Leadershipoffersaninnovative programthatcombines EntrepreneurshipEducationwith human-centerresearchanddesign. Moreover,theDesign-Thinkingand Entrepreneurshipcurriculumsupports entrepreneursinlaunchingasuccessful businessaswellasscalingtheir businesseswithnewproductsand
services.Accordingtotheuniversity, graduatesoftheMBAprogramwitha focusondesignthinkingrunsuccessful businessesandaresoughtafterby corporatepartnerstodevelopand manageproducts.
EntryintoHospitalitySector
NLUhassetplansforabetterfuture thatwillhavenewacademiccourses. TheGraduateSchoolofBusinessand LeadershipislaunchinganewMaster ofScienceinBusinessDataAnalytics intheFallof2022.Studentscanapply byvisitingtheuniversity’swebsite.As NLUcontinuestopartnerwith Chicago'sleisureandhospitalitysector, itplanstoaddHospitalityManagement asaconcentrationintheMBA program.Theuniversityissettocreate talentedgraduateswhowillbecome sought-afterleadersandpositive changeagentsintheirorganizations andcommunities.
Inthedynamicyear2023,certainbusinesseshavestood outfortheirsignificantprofitgeneration,earningthemthe titleoftheyear’smostprofitablecompanies.Inthis analysis,wewillthoroughlyexaminetherevenuesources thathavepropelledthesecompaniestoexceptional financialsuccess.Wewillalsodelveintotheirmarket positioning,andrevenuetrends,andidentifythestock exchangeswheretheirfinancialstrengthisevident.The goalofthisanalysisistoprovideacomprehensive understandingofhowthesetopbusinesseshaveachieved remarkablesuccessandbecamethemostprofitable companiesinthe2023landscape.Let’sgetstarted!
TheCurrentGlobalBusinessEnvironment
Thecurrentglobalbusinessenvironmentpresents numerouschallengesandopportunities.
●Opportunities
●1.TheRiseofTechnology:Noveltechnologies,suchas artificialintelligence,blockchain,androbotics,are emergingandofferingfreshprospects.Theseinnovations enablebusinessestoexplorenewavenuesandreshapetheir operations.
●2.TheGrowthoftheDigitalEconomy:Therapid expansionofthedigitaleconomyoffersacrucialbusiness opportunity.Enterprisesthatembracethistrendcansecure aprosperousfuturebyaligningwithitsdynamiclandscape andtransformativepotential.
●3.IncreasingDemandforSustainableProductsand Services:Withgrowingconsumerawareness,thedemand forsustainableproductsandservicesisontherise.This trendprovidesbusinesseswithapromisingopportunityto capitalizeonbyaligningwitheco-friendlypreferences.
●4.TheGrowthofEmergingMarkets:Theswift expansionofemergingmarketsoffersalucrative opportunityforbusinessestofostergrowth.By strategicallyaccessingthesemarkets,companiescan effectivelyexpandtheirenterprises.
●Challenges
1.TheCOVID-19Pandemic:Theglobalillnesscaused bythepandemicsignificantlyimpactedtheworld’s financialsystem,resultingindifficultiesinobtaining products,risingprices,andaslowdownineconomic growth.
2.TheWarinUkraine:TheconflictinUkraineposed substantialchallengesforindividualsandtheglobal economy,causingwidespreadsuffering.Italsoledto increasedenergycostsandgreateruncertaintyaboutthe future.
3.RisingInflation:Inflationisontheriseinnumerous countries,erodingpurchasingpowerandincreasing operationalcostsforbusinesses.Thisisarippleeffect stemmingfromthepandemicthathasaffectedbusinesses worldwide.
4.GeopoliticalTensions:Tensionsbetweencountriesare escalating,potentiallyexacerbatingissuesfortheglobal economy.Forinstance,theRussian-Ukrainianconflicthas strainedrelationsbetweencountriessuchastheUSAand China.
5.ClimateCrisis:Theclimatecrisisrepresentsasignificant threattotheglobaleconomy,necessitatingproactive measuresbybusinessestomitigateitsimpact.
TopTrendingIndustries
Thesearesomeofthemostpopularandprofitableindustries in2023.
1.HealthcareIndustry:Theexpectedrevenuegrowthrate is14.77%,amountingto$28.77billionby2027.
2.E-commerceIndustry:Theexpectedrevenuegrowthrateis projectedtoreach$70.9trillionby2028,exhibitingagrowth rate(CAGR)of27.43%during2023–2028.
3.AIIndustry:In2023,themarketvaluestoodat$150.2 billionandisanticipatedtoincreaseto$1,345.2billionby 2030.TheglobalAImarketisregisteringaCAGRof36.8% from2023to2030.
4.VRandARIndustries:RevenueintheARandVR marketsisprojectedtoreach$31.1billionin2023,withan expectedannualgrowthrate(CAGR2023-2027)of13.72%.
5.BlockchainIndustry:Theglobalblockchaintechnology marketsizeisexpectedtoreachapproximately$2,334.46 billionby2032,growingatacompoundannualgrowthrate (CAGR)of85.7%from2023to2032.
6.DataAnalytics:Theglobaldataanalyticsmarketis expectedtogrowatacompoundannualgrowthrateof26.7% from2023to2030,reaching$302.01billionby2030.
MostProfitableCompanies
1.AppleInc.
●HQ:USA
●MarketRevenue: $81.797Billion
●Exchange:NASDAQ
In2023,Applestandsoutasoneofthemost profitablecompanies.Themajorityoftheirrevenue derivesfromiPhonesales,constituting53%of theirearningsinQ32023,totalingapproximately $39.67billion.FollowingiPhones,iPadscontribute $5.79billion,withMacsgenerating$6.84billion. Inadditiontothese,Applegarners$21.21billion fromitsservicesdivision.Beyondthesecore revenuesources,Apple’sincomestreamalso benefitsfromwearablesandvariousservices.The significanceofthesesupplementaryincome sourceshassteadilygrownovertheyears.
2.MicrosoftCorp
●HQ:USA
●MarketRevenue: $211.915Billion
●Exchange:NASDAQ
In2023,Microsoft’sprimarysourceofincomewas cloudcomputing,generating$28.5billion, followedcloselybyOffice365,whichbroughtin $63.36billion.Windows,widelyutilized,also contributedsignificantlytotheirrevenue.LinkedIn added$15.12billiontoMicrosoft’searnings throughsubscriptions,advertisements,joblistings, andeducationalservices.Gaming,too,playeda substantialrole,accountingfor$15.47billionin revenue.Microsoft’sdiverseincomestreamsare derivedfromcloudservices,softwareproducts, socialnetworks,andgaming,collectively generatingsubstantialrevenueforthecompany
3.AlphabetInc.(GOOGLE)
●HQ:USA
●MarketRevenue:$74.604Billion
●Exchange:NASDAQ
AlphabetInc.earned$58.1billionexclusively fromadvertising,makingitoneofthemost profitablecompaniesinAmericain2023.Google, astheworld'slargestadvertisingplatform,derives
themajorityofitsrevenuefromadvertising.In additiontothis,thecompanyaccrued$7.4 billionfromitscloudcomputingservicesin 2023.YouTube,theworld'sforemostvideosharingplatform,contributedsignificantlyto Google’srevenue,generating$28.84billionin 2023.Thecompanyalsogarnered$1.93billion throughvariousotherservicesinthesame year
4.Samsung
●HQ:SouthKorea
●MarketRevenue:$218.04Billion
●Exchange:KRX
In2023,theprimaryrevenuesourcesfor SamsungareITandmobilecommunication, whichcollectivelycontributeto51.5%ofthe company'stotalrevenue.Withintherealmof devicesolutions,Samsungencompasses semiconductors,displays,andcomponents, andthissegmentisprojectedtorepresent 27.6%ofthecompany'stotalrevenueforthe sameyear.Consumerelectronics,ontheother hand,contribute11.9%toSamsung'stotal revenuein2023,whilebuildingand constructionactivitiesaccountfor8.4%ofthe company'srevenue.Lastly,financialservices makeupamodest0.6%ofSamsung'stotal revenue.
5.Pfizer
●HQ:USA
●MarketRevenue:$67to$70Billion
●Exchange:NYSE
Pfizer,apharmaceuticalcompany,primarily derivesitsrevenuefromthesaleof prescriptiondrugs,vaccines,andbiologics. Biopharmaceuticalscontributeto84%ofthe company’stotalrevenue,whileconsumer healthcareisexpectedtomakeup14%of Pfizer’soverallrevenuein2023.In2023, Pfizer’sconsumerdivisionreportedearningsof $13.2billion,reflectinga10%increasefrom thepreviousyear Thecompanyisactively investinginthedevelopmentofnewdrugsand vaccines,solidifyingitspositionasoneofthe healthcaresector’smostprofitableentities.
6.SBI
●HQ:India
●MarketRevenue:$16.884Billion
●Exchange:NSE
Throughtheinterestincome,SBIgenerated $470,719,903ininterestincome.Accordingtothe codeyouprovided,SBIearnedaprofitof$6.2billion throughfeesandcommissionsin2023.Additionally, SBIgenerated$38.905billionfrominvestment incomeand$4.9billionfromothersourcesofincome inthesameyear.
7.RelianceIndustries
●HQ:India
●MarketRevenue:$108.21Billion
●Exchange:NSE
Reliance,thesecondmostprofitablecompanyin India,generateda$565millionprofitinthesame period.Italsoearned$47.2billionthrough petrochemicalsin2023and$310.4billioninprofit fromretailsales.RelianceJioreportedrevenueclose to$1.5billioninfiscalyear2023and$5.6billion fromdigitalservices.ThegrowthinReliance’s revenuein2023wasprimarilydrivenbythe expansionofitsretailanddigitalbusinesses.Reliance Industriesremainsthesecond-mostprofitable businessinIndia.
8.SaudiAramco
●HQ:SaudiArabia
●MarketRevenue:$2.229Trillion
●Exchange:SAR
In2023,SaudiAramcogeneratedrevenuefrom varioussources.Specifically,theyearned$388.5 billionthroughoilandgasproduction,$57.2billion fromrefineriesandchemicals,$31.8billionthrough marketinganddistribution,and$10.7billionfrom corporateandotheractivities.Thisrevenuegrowthin 2023canbeattributedtotheriseinoilprices.
9.Tencent
●HQ:SaudiArabia
●MarketRevenue:$2.229Trillion
●Exchange:SAR
OnlineadvertisingwasTencent’s primaryrevenuesourcein2023, comprising42%ofthecompany’stotal earnings.Specifically,Tencentamassed $126.5billioninrevenuefrom advertisingduringthatyear Additionally,thecompanygenerated $102.1billionfromvalue-addedservices in2023.Thethird-largestcontributorto Tencent’srevenuein2023wasFinTech andbusinessservices,accountingfor 25%ofthecompany’soverallearnings. Thissectoryielded$77.6billionin revenuein2023andemergedasthe mostprofitablesegmentofthe company’soperationsduringthatyear
10.Gazprom
●HQ:Russia
●MarketRevenue:$2.229Trillion
●Exchange:MCXGAZP
In2023,Gazpromisexpectedtoearnan estimated$35billionto$46billionin revenuefromnaturalgas.Specifically, Gazprom’srevenuefromtransportation servicesin2023amountedto$3.1 billion,markinga10%declinefromthe $3.4billiongeneratedin2022.Asper myavailablesources,Gazprom’s revenuefromliquefiednaturalgas (LNG)in2023reached$15.3billion, whileitgeneratedanadditional$30.4 billionthroughitsotherbusiness operations.
Intheever-evolvinglandscapeof2023, somebusinesseshaveemergedas leadersinprofitability.Theyspanthe tech-drivenfieldsofcloudcomputing andsoftwareservices,aswellasthe enduringsectorsofhealthcareand renewableenergy Theseenterprises demonstrateadaptabilityandinnovation. Asconsumerpreferencesevolveand globalchallengespersist,these profitablebusinessesnotonlyachieve financialsuccessbutalsoplayarolein shapingamoresustainableand interconnectedfuture.
Imaginelivinginoneofthehighesttaxedcountries, whereyoumustpaymorethanhalfofyourincometo thegovernment.Howwouldyoufeel?Wouldyoube happyorangry?Wouldyouthinkitisfairorunfair?
Taxesareoneofthemostcontroversialanddebated topicsintheworld.Theyaffecteveryone,from individualstobusinesses,fromrichtopoor,from developedtodevelopingcountries.
Taxesarethemainsourceofrevenueforgovernments, buttheyalsohaveasignificantimpactontheeconomy andsociety
Inthisblog,wewillexplorethehighesttaxedcountries intheworld,basedontheirpersonalincometaxrates, corporatetaxrates,andsalestaxrates.
Thehighestpersonalincometaxratesintheworld
Personalincometaxisataxthatisleviedonthe incomeofindividualsorhouseholds,suchaswages, salaries,dividends,interest,orcapitalgains.
Personalincometaxratesvarywidelyacrossdifferent countriesandregions,dependingonfactorssuchasthe taxbase,thetaxbrackets,thedeductions,the exemptions,andthecredits.
AccordingtoNomadCapitalist,thehighestpersonal incometaxratein2023isexpectedtobeasfollows.
1.IvoryCoast
●PersonalIncomeTaxRate:60%
In2018,anewtaxbracketwasintroducedforincomes exceeding100millionCFAfrancs($180,000)inoneof thehighesttaxedcountries,aimingtoboost governmentrevenueandcurbthefiscaldeficit.
Whilethehighpersonalincometaxratemayaddress incomeinequalitybyredistributingwealthand supportingsocialwelfareinitiatives,itcould potentiallyhindereconomicgrowthbydiscouraging work,savings,andinvestment,leadingtoresource allocationinefficiencies.
2.Finland
●PersonalIncomeTaxRate:56.95%
Theprogressivetaxsystem,withhigherratesfor greaterincomes,andsubstantialsocialsecurity contributionscontributestoahighpersonalincometax rate.
Whilethismaydiminishincomeinequalityandbolster socialwelfarethroughrobustpublicservices,itcan impedeeconomicgrowth.
Theelevatedtaxreducesdisposableincome,weakens taxpayerincentives,andintroducesinefficienciesin resourceallocation.
3.Denmark
●PersonalIncomeTaxRate:56%
Theprogressivetaxsystem,withhigherratesfor higherincomes,andsubstantialsocialsecurity contributionscontributestoahighpersonalincometax rate.
Whilethisnarrowsincomeinequalityandsupportsa robustwelfarestate,itpotentiallyhamperseconomic growthbyreducingdisposableincome,undermining taxpayerincentives,andcausingresourceallocation inefficiencies.
4.Belgium
●PersonalIncomeTaxRate:53.7%
Thesystemofgraduatedtaxation,applyinghigher ratestoincreasedincomes,alongwithsubstantial socialsecuritycontributions,playsacrucialrolein fosteringincomeequalityandsustainingarobust welfarestate.
However,theelevatedpersonalincometaxratemay impedeeconomicgrowthbydiminishingdisposable income,discouragingtaxpayerincentives,and introducinginefficienciesinresourceallocation.
5.Sweden
●PersonalIncomeTaxRate:52.5%
Thetieredtaxstructure,characterizedbyelevatedrates forhigherincomes,alongwithsignificantsocial securitycontributions,resultsinanincreasedpersonal incometaxrate.
Whileitaddressesincomeinequalityandupholdsa robustwelfarestate,itmayhindereconomicgrowthby diminishingdisposableincome,suppressingtaxpayer incentives,andintroducinginefficienciesinresource allocation.
Thelowestpersonalincometaxrateisprojectedtobe 0%inseveralcountries,suchastheBahamas, Bermuda,Kuwait,Qatar,andSaudiArabia.
Havinghighpersonalincometaxratesinthelistofthe highesttaxedcountriescanhavebothpositiveand negativeeffectsontheeconomyandsociety
Ontheonehand,highpersonalincometaxratescan reduceincomeinequality,astheyredistributeincome fromtherichtothepoor,andprovidemorefundsfor publicservices,suchashealth,education,andsocial security
Ontheotherhand,highpersonalincometaxratescan discouragework,savings,andinvestment,asthey reducethedisposableincomeandtheincentivesofthe taxpayers,andcreatedistortionsandinefficienciesin theallocationofresources.
Theoptimallevelofpersonalincometaxratesdepends onthetrade-offbetweenequityandefficiency,andthe preferencesandvaluesofthesociety
Thehighestcorporatetaxratesintheworld
Corporatetaxisataxthatisimposedontheprofitsof corporationsorlegalentities,suchascompanies, partnerships,ortrusts.
Corporatetaxratesalsodiffersignificantlyacross differentcountriesandregions,dependingonfactors suchasthetaxbase,thetaxdeductions,thetaxcredits, andthetaxtreaties.
AccordingtoTaxGuru,thehighestcorporatetaxrate in2023isprojectedtobeasfollows.
1.PuertoRico
●CorporateTaxRate:37.5%
PuertoRico'sfiscalcrisissince2006promptedtax reformsandausteritymeasurestoaddresspublicdebt.
Thehighcorporatetaxratehampersbusiness competitiveness,diminishingafter-taxprofitsand incentivesforcorporationstostay
Thiscoulddrivecompaniestorelocateto jurisdictionswithlowertaxrates,impacting investmentandinnovationbyloweringreturnson capitalanddiscouragingresearchand development.
2.Suriname
●CorporateTaxRate:36%
Suriname,consistentlyrankedamongthehighest taxedcountries,facesaprolongedeconomic downturn,triggeredbyplummetingcommodity prices,notablyinoilandgold,whichposes threatstobusinesscompetitiveness.
Thishightaxratediminishesafter-taxprofits, potentiallypromptingcorporationstorelocateto jurisdictionswithlowerrates,impacting Suriname’sappealforforeigndirectinvestment andhinderinginnovationbydiscouraging researchanddevelopmentefforts.
3.Chad
●CorporateTaxRate:35%
Chad'sheavyrelianceonoil,constituting70%of thegovernmentbudgetand90%ofexports, drivesthisrate.
Thishightaxationmayhinderbusiness competitiveness,reduceafter-taxprofits,and discouragecorporationsfromoperatinginChad.
Additionally,itcoulddeterforeigndirect investmentandstifleinnovationbydiscouraging researchanddevelopmentactivities.
4.Congo
●CorporateTaxRate:35%
Congofacesthefourth-highestprojected corporatetaxratein2023,primarilyattributedto longstandingpoliticalinstabilityandcorruption.
Decadesoftheseissueshaveerodedtheruleoflawand businessenvironment.Thishightaxraterisks diminishingbusinesscompetitiveness,discouraging investment,andhinderinginnovationbyreducing after-taxprofitsandcorporateincentives.
Itmayalsopromptcorporationstoconsiderrelocating tojurisdictionswithlowertaxrates,furtherchallenging Congo'sappealforforeigndirectinvestment.
5.EquatorialGuinea
●CorporateTaxRate:35%
EquatorialGuineafacesbusinesscompetitiveness challengeswithitscorporatetaxrate.Thishighrate, drivenbyheavyrelianceonoilrevenues,impactsaftertaxprofits,discouragescorporateoperations,andmay leadtorelocationstolower-taxjurisdictions.
Additionally,ithampersinvestmentandinnovation, diminishingthecountry’sappealforforeigndirect investmentandimpedingresearchanddevelopment activities.
Thelowestcorporatetaxrateisestimatedtobe0%in severalcountries,suchastheBahamas,Bermuda, CaymanIslands,andVanuatu.
Havinghighcorporatetaxratescanalsohaveboth advantagesanddisadvantagesfortheeconomyand society.
Onthepositiveside,highcorporatetaxratescan increasegovernmentrevenue,astheycaptureashare oftheprofitsgeneratedbythecorporations,and promotesocialjustice,astheymakethecorporations contributetothepublicgoodsandthecommon welfare.
Onthenegativeside,highcorporatetaxratescan reducethecompetitiveness,investment,andinnovation ofthecorporations,astheylowertheafter-taxreturns andtheincentivesoftheshareholders,andcreate distortionsandinefficienciesintheallocationof capital.
Theoptimallevelofcorporatetaxratesdependsonthe trade-offbetweenrevenueandgrowth,andthebalance betweendomesticandforeigncorporations.
Thehighestsalestaxratesintheworld
Salestaxisataxthatisaddedtothepriceofgoodsor servicessoldtoconsumers,suchasfood,clothing, electronics,orentertainment.
Salestaxratesalsovaryconsiderablyacrossdifferent countriesandregions,dependingonfactorssuchasthe taxbase,thetaxexemptions,thetaxthresholds,and thetaxcategories.
AccordingtoWorldPopulationReview,thehighest salestaxratein2023isestimatedtobeasperthe following:
1.Bhutan
●SalesTaxRate:50%
In2023,Bhutanboaststheworld'shighestprojected salestaxrate,primarilyattributedtosteepimport dutiesonmostgoods.
Essentialitemslikefoodandmedicineareexempt. Whilethishighrateaidsrevenuegenerationand environmentalprotectionbycurbingconsumptionof importedgoods,itmayhinderconsumerspending, elevatinglivingcostsandcontributingtoinflation.
2.Hungary
●SalesTaxRate:27%
Hungaryprojectstheworld'ssecond-highestsalestax rate.Thisstemsfromitsvalue-addedtax(VAT) system,applyingauniformratetomostgoodsand services,withexceptionsforbasicslikefoodand medicines.
Whileadvantageousforrevenueandfiscal consolidation,thehighratemayhinderconsumer spendingbyinflatingpricesandlivingcosts, potentiallycontributingtoinflationintheeconomy
3.Croatia
●SalesTaxRate:25%
Croatia,drivenbyavalue-addedtax(VAT)system, imposesastandardtaxonmostgoodsandservices.
Whilebeneficialforrevenueandfiscal consolidation,asittargetsconsumerspending, there'sadownside:increasedprices,elevated livingcosts,andpotentialinflationduetothe highsalestaxrate.
4.Denmark
●SalesTaxRate:25%
Denmarkisprimarilydrivenbythevalue-added tax(VAT)system.Thisuniformtax,excluding selectitemslikeeducationandhealthservices, enhancesrevenueandsustainsthenation's robustwelfarestate.
Whilesupportingqualitypublicservices, Denmark'sstatusasoneofthehighesttaxed countriesisreflectedinthishighsalestax, whichmayhinderconsumerspendingby elevatingpricesandlivingcosts,potentially contributingtoinflation.
5.Norway
●SalesTaxRate:25%
Norwayisprojectedtohavethefifth-highest salestaxratein2023.Thisisdrivenbythe value-addedtax(VAT)system,applyinga standardratetomostgoodsandservices.
Whileadvantageousforrevenueandsupporting agenerouswelfarestate,thehightaxmay hinderconsumerspending,increasingliving costsandcontributingtoinflation.
Thelowestsalestaxrateisexpectedtobe0% inseveralcountries,suchasBahrain,Hong Kong,Kuwait,andOman.
Havinghighsalestaxratesinthehighesttaxed countriescanalsohavebothprosandconsfor theeconomyandsociety.Ontheonehand,high salestaxratescanincreasegovernment revenue,astheycollectaportionofthe consumptionexpenditureoftheconsumers,and influenceconsumerbehavior,astheycan encourageordiscouragetheconsumptionof certaingoodsorservices.
Ontheotherhand,highsalestaxratescan reduceconsumerspending,astheyincrease thepriceandthecostoflivingofthe consumers,andcreateinflation,astheyraise thegenerallevelofpricesintheeconomy Theoptimallevelofsalestaxratesdepends onthetrade-offbetweenrevenueand consumption,andthepreferencesandvalues oftheconsumers.
Conclusion
Wehaveseenthatthehighesttaxedcountries intheworldhavedifferentlevelsandtypes oftaxesandthatthesetaxeshavedifferent impactsandimplicationsfortheeconomy andsociety.
Wehavealsotalkedaboutthehightaxesare notnecessarilybad,aslongastheyareused efficientlyandfairly
Hightaxescanprovidemorefundsforpublic goodsandservices,reduceincome inequality,andinfluencethebehaviorofthe taxpayers.
However,hightaxesalsoposesome challengesandrisks,suchasdiscouraging theincentivesandthemotivationofthe taxpayers,creatingdistortionsand inefficienciesintheallocationofresources, andrequiringhighgovernmentefficiencyand accountability
Therefore,thebenefitsandchallengesofhigh taxesdependonhowtheyaredesigned, implemented,andevaluated,andhowthey arealignedwiththegoalsandvaluesofthe society.
Hightaxesmaynotbeeveryone'scupoftea, buttheycanbeapowerfultoolforachieving socialandeconomicgoalsifusedwiselyand responsibly
Wewouldliketoknowwhat'syouropinion onthistopicwhatneedstobechangedand whatarethetermswhichcanbeappliedin yourrespectednation.
MISERICORDIA UNIVERSITY Educating Students
“This university has a deliberate, mission-focused route because of its enthusiasm and commitment to education, which are given through a community based on solid fundamental principles.”
Today,effectivebusiness
to maximize their untapped Potential
educationhasbecomeessential forstudentstorespondto technologicaladvancements,keepup withmarketdevelopments,andparse criticalfirmdatainaneraofrisingdata availability.Moreover,theworldis strugglingwithlimitednatural resourcesaffectedbyclimatechangeas wellassocialandpoliticalchallenges inahighlyinterconnectedglobal marketplace.Tomeetthesechallenges andseizetheopportunitiesmoving forward,anoutstandingbusiness educationwithbreadthanddepthis necessary
UniversitieslikeMisericordia University,havetakenitupon themselvestoofferstudentsavariety ofcareeropportunities.With opportunitiesinhealthcare administration,sportsmanagement, accounting,humanresource management,andgeneralmanagement inarangeofindustries,Misericordiais oneoftheProminentMBAcollegesto watchoutforin2022.
AFoundationofMercy
MisericordiaUniversityhasalong historyofofferingaholisticstudent experiencerootedinthecorevaluesof itsfounders,theReligiousSistersof Mercy,asthefirstfour-yearcollegein LuzerneCounty,Pennsylvania.When Misericordiafirstopenedin1924,it
onlyhadonebuildingthathousedthe Sisters,theCollege,andevenahigh school.Overthepastcentury,the campushasgrownto127acresin Dallas,Pennsylvania,alocationthat providedeasyaccesstolargercitiesas wellasapeacefulenvironmentperfect forspiritualreflection.
Inthepast50years,Misericordiahas evolvedfromacollegetoauniversity, admittedmaleresidentialstudents,and offeredmorethan55academicand35degreeprogramsacrossthreecolleges, bothin-personandonline.The educationalgoaloftheuniversityisto providestudentswithapurposeful, mercifullyinspiredtransforming experience.Studentsgainknowledge andskillsnecessaryforsuccessinboth theirpersonalandprofessionallife fromtheinstructorsandstaffwho deliverchallengingeducational teachinginanurturingenvironment. Thisuniversityhasadeliberate, mission-focusedroutebecauseofits enthusiasmandcommitmentto education,whicharegiventhrougha communitybasedonsolidfundamental principles.
ProminentPrograms
Sportsmanagementandhealthcare administrationaretwoofMisericordia University’smostprominentstudy programs.Theuniversityalsooffers management,humanresource
management,andaccountingcourses.Theadvancedsports marketingcourses:appliedresearchandstrategicplans, publicrelations,communications,andthemediaofsport,as wellasthebusinessofsport,areallofferedtostudentsin thesportmanagementconcentration.Studentscantake coursesinglobalhealth,healthcarefinance,healthcarelaw, andhealthcareleadershipandmanagementaspartofthe healthcareadministrationconcentration.
MisericordiaUniversity’saccountingdepartmentprovides studentswithtraininginadvancedtaxationtopicslike partnershipsandincorporation,auditing,andaccounting theory.Performance,remunerationandincentivesystems, employeeinteractionsandservices,andrulesgoverning humanresourcemanagementarethemaintopicscoveredin humanresourcesmanagementcourses.Organizational leadership,strategicmanagement,andanintegrativeMBA capstoneexperiencearethemaintopicsofstudyin management.Theabilitytolearnfromandengagewith practitionersintheirrespectivefieldsinpertinentcourses givesMisericordiaMBAstudentstheadvantageofbeing preparedtoadvanceintheirfieldsaftergraduation.
ValuingDiversification
Itisencouragedforeveryemployee,department,andoffice atMisericordiaUniversitytoincludediversity,equity,and inclusion(DEI)intheirdailywork.Foritsimplementation, impact,anddesign,thewomenwithchildrenprogramhas receivedbothregionalandnationalrecognition.Students areabletovisualizethemselvesinanareacreated exclusivelyforDEIinitiatives.Theautismcenter,the campusfoodpantry,andtheadultlearnersprogramare somefurtherexamples.
JAMES J. PIERSON, CPA, J.D. Dean, Misericordia University
Theuniversity’sinceptionasahighereducation institutionanditscharisma,bothattesttothe importanceandinfluenceofDEIasanatural componentofacommunity.Theuniversity’sDEI programincludestrainingsessionsandworkshops allyearroundandisfocusedonheritagemonths. Itisdoneonpurposewithstudents,staffmembers, andacademicprograms.Studentsleaveschool knowinghowinterconnectedeveryoneisinthe largercommunity
EntertainingCampusLife
MisericordiaisthehiddengemoftheBack Mountain.Itorganizesawiderangeofeventsand activitiesinadditiontooutstandingacademic programs.TheCampusLifeOfficeworkshardto comeupwithoriginalandentertainingeventsthat cannotbefoundonothercampuses.Eachacademic year,theuniversitythrowsalavishandwelcoming WelcomeWeekthatsetsthetonefortheremainder oftheyear
Theuniversityhostscomedians,performers,DIY projects,specialculinaryeventsusingaccessories seenatthemeparks,giveaways,andvarious experiencesleveragingwhatis“hot”inpopculture atthetimethroughouttherestoftheyear.This“out ofthebox”thinkingisusedbytheCampusLife
Officewhendiscussingandorganizing events.
StudentspursuinganMBAarenot excludedfromtheservicesofferedby MisericordiaUniversity Thisincludes supportwithjobsearching,interview preparation,practiceinterviews,and networkingthroughsiteslike LinkedIn.Additionally,theinstitution holdscareerfairsthatareaccessibleto allstudentsandgraduates.
FavoringEntrepreneurship
Misericordiapromotes entrepreneurshipbyofferingawide rangeofcoursesinthefoundational subjectsessentialforentrepreneurship. Othercrucialareasforfostering entrepreneurshipincludepractitionerbasededucationandpractical applicationthroughcasesimulations. TheMBA’sstatusasaprofessional
degreeisakeycomponent.Asaresult, inordertobeadmittedtotheMBA program,eachstudentmustbeableto demonstratethattheyhavesome meaningfuljobexperienceatthe professionallevelinbusiness,whether throughinternships,self-employment, orpaidemployment.
Continuingtoadapttothemarket, MisericordiaUniversityanticipatesthe potentialforstackableMBA credentials.Itisassessingfresh possibilitiesinthesupplychain, financialplanning,social entrepreneurship,andbusiness analytics.TheMisericordiaUniversity CollegeofBusinessispreparedto handlethedifficultdemandsofthe futurebymodifyingitscurriculum consistentlyandgivingstudentsthe chancetointeractwithprofessorswho emphasizelearningbydoinginthereal world.
EnthusiasticallyAcceptingSocial Responsibilities
MisericordiaUniversityeagerly acceptsthedutiesrequiredtocontinue meetingthechallengesahead.The universitysetsanexampleofliving liveswithapurposeandintentionto showmercy,servicetoothers,and modelhospitalityinaworldthatis troubledandinneedofleaderswhoare motivatedbymercy
TheRuthMatthewsBurgerWomen withChildrenProgramisaprominent componentofMisericordia’sprogram offeringsandatributetoitsMercy purpose.TheWomenwithChildren Program,whichwasestablishedin 2000,giveseconomically disadvantagedsinglemomsthechance tofinishtheircollegedegreesandbuild betterfuturesforboththeirchildren andthemselves.
UNIVERSITY OF ST. FRANCIS Nurturing
the Next Generation of Management Professionals
Businesseducationisanactive,
AnIndependentUniversity
career-orientedareaofstudy andprofessionalgrowth. Businessmanagementstudentslearn fundamentalbusinessconceptswhile exploringthenatureofdifferent corporate,business,andorganizational contexts.Theimpactofahighquality businesseducationisunlikemostother educationalprograms.Theknowledge andskillslearnedbySt.Francis graduatesareoftenuseddirectlyand immediately,activelyupgradingthe processesandimprovingcontextsfor businesseswheretheyareapplied.
Becauseofitsvalueinbusiness, industry,non-profitorganizations,and publicinstitutions,theMasterof BusinessAdministration(MBA)isthe mostsought-aftereducationalpathfor graduatestudentsintheUnitedStates. GraduatesfromtheUniversityofSt. Francis-MBA(USF),oneofthe Midwest’smostwell-knownMBA schools,embarkonprofessionsthat transformentireindustriesandopen doorsforothers.Dependingonthe requirementsofthestudent,theMBA programisofferedon-campusorasa hybridprogram.Itisanempirically supported,technologicallyfocused approachtomanagementandbusiness thinking.
TheCongregationoftheThirdOrder ofSt.FrancisofMaryImmaculate establishedUSFin1920asAssisi JuniorCollegetoeducateitsmembers. Thecongregation’sdoorswerealso openedtowomenfromoutsidethe communityin1925.Itwasrenamed theCollegeofSt.Francisandfour-year degreeswereaddedjustfiveyears later Thecollegeswitchedtoa coeducationalsettingin1971,andthe firstdegreeprogramsofferedoffcampusstartedinthefollowingfall.In the1980sand1990s,severaladditional graduateoptionswereadded,including amaster’sprograminhealthservices administration.TheCollegejoined forceswithSaintJosephCollegeof Nursingin1997toofferBachelorof ScienceNursingdegrees,andon January1,1998,itchangeditsnameto theUniversityofSt.Francis.
ThegoalofUSFistodevelopstudents intoleaderswhowillserveand influencetheworld.AsaCatholic, Franciscaninstitutionwithaliberal artsfoundation,theuniversityisa welcomingcommunityofscholars motivatedbyFranciscanvalues.The universityalwayskeepsinminda traditionthatemphasizesrespectfor creation,compassion,andworkingfor
peace.Allofitsprogramsaimfor academicachievement,educatingboth menandwomentobecomeleadersand makeapositiveimpactontheworld.
AnExtraordinaryMBAExperience
TheUSFCollegeofBusinessand HealthAdministrationofferslearning opportunitiesinfieldslikeaccounting, finance,healthcaremanagement,and supplychainmanagementthroughits elevenundergraduateandfivegraduate degreeprograms.Nationallyrankedfor top-notchundergraduate,graduate,and certificateprograms,USFisaccredited bytheAccreditationCouncilfor BusinessSchoolsandPrograms (ACBSP).
St.Francis’graduatedegreesare availableinflexible,hybrid,andonline programswith28different concentrationareas.Graduatebusiness
programsincludebusiness administration,trainingand development,accounting,supplychain management,andhumanresource management.
The current and contemporary curriculum at USF emphasizes:
• Strategicglobalandregional opportunities
• Thebusinessvaluechain
• Rationalityofthoughtinplanning
• Takingchargeandmaking decisions
Why pursue an MBA at USF?
• Nationallyranked,ACBSP accredited
• CompleteyourMBAinaslittleas oneyear
• NoGMATrequired,transferinup to9credithours
• Faculty-mentorswithcorporate experience
• Advancedleadershipand communicationtraining
• Affordableandflexiblecurriculum (onlineorface-to-face)
• Basedonthelatestbusinessand industrycases&trends
• Eight-degreeconcentrationsto choosefrom
• Startwithlower-coststack-able certificates
ExposuretoVersatility
ThefacultyandstaffatUSFincludea broadmixofacademicexperts. Reachingouttoprofessionaland community-basedorganizationshas allowedtheuniversitytoexpandits reachandbetterservethelocal communitieswhilealsoattractingand nurturinghighlygiftedandmotivated studentsacrosstheboard.USFishome
toexceptionalteachersandstudents whoworkin,learnfrom,andexplore theworldoutsideofstudiesandbook chapters—thankstotheindividualized attentionstudentsreceivetoachieve theirgoals,thehighgraduationrates, andtheschool’sproximitytoChicago.
IndividualizedAttention
AtUSF,interactionsbetweenstudents andprofessorsarebasedon collaborativeteachingandlearning experiencesthataresharedinseminars andonlineinclassroomswithan averageoffewerthan14individuals. Therearemoreinternshipsavailableat USFthantherearestudentstofill them,emphasizingthefactthat330of theFortune500arewithinanhour’s driveofthecampus.Fromthe college’stree-linedcampusinJoliet, Illinois,USFstudentsenjoyaccessto theentireworldincludingthe neighborhoodsandmuseumsof Chicago,aswellasO'Hareand Midwayairports.
ikemostuniversities,USFoffersjob andinternshipplacementservices.St. Francishaskeptgrowingaspartofa comprehensivestrategyforforging connectionsandformingallianceswith formerstudents,localgroups,and organizationsthatserveascareerlaunchingplatforms.Itprovidesmuch morethanjustafewresume-writing workshops;italsoprovidesaccessto facultymentorsfromdayoneand careerseminarswithspeakersfrom leadingbusinessesandinstitutions. Studentscanobtaindiverse perspectivesandexplorecareer alternativesinthisrichenvironmentof professionalconnectionsandalumni assistance.
FuturePreparations
Inacapstone‘businesssimulation’ modelingcourse,USFbusiness studentscompeteagainstschoolsfrom acrossthenationeachsemesterand consistentlyoutperformthem.USF teamshaveconsistentlyperformed
'The goal of USF is to develop students into Franciscanvalued leaders who will serve and influence the world.'
wellagainstbusinessprogramsfrom NotreDame,Indiana,DePaul,Duke, PennState,Vanderbilt,Rutgers, Pepperdine,MichiganState,and businessschoolsinIndiaandDubai. Newonlineprogramsinsupplychain managementandvalues-based managementarelaunchingin2023.
