Rensselaer’s Lally School of Management & Technology is an outstanding business school, according to The Princeton Review. The New York-based education services company featured the school in the recently published 2009 edition of its “Best 296 Business Schools.”
To identify the best business programs, The Princeton Review surveyed 19,000 students attending the 296 business schools profiled in the publication. The publication does not rank the schools on a single hierarchical list from 1 to 296, or name one business school best overall, according to the editors.
In the profile on the Lally School, editors noted that the Lally School MBA program “combines technological innovation and a focus on entrepreneurship in a team-oriented curriculum that cuts across all business functions.” Students enrolled in the MBA program also appreciate being in an “entrepreneurship program friendly to those with technical backgrounds.”
“The Lally School is proud to be recognized among the best business schools in the nation,” said David Gautschi, dean of the Lally School. “Our mantra is that technology creation and commercialization do not occur in an ivory tower, not on only one side of the market for capital; they happen in a competitive, increasingly global marketplace for ideas and for capital. Our students and faculty have a passion for taking ideas and turning them into real-world products both in start-up ventures and in going concerns. This recognition demonstrates that the Lally School competes with the very best business schools in the world.”
“We select schools for this book based on our high regard for their academic programs and offerings, institutional data we collect from the schools, and the candid opinions of students attending them who rate and report on their campus experiences at the schools,” said Robert Franek, Princeton Review vice president of publishing. “We are pleased to recommend the Lally School to readers of our book and users of our Web site as one of the best institutions they could attend to earn an MBA.”
Recently, the Lally School launched the M.S. in Technology Commercialization and Entrepreneurship (TC&E), in collaboration with Albany Law School, as well as the M.S. in Financial Engineering and Risk Analytics (FERA), in collaboration with four other departments of Rensselaer. In addition, the Pathfinder MBA program is a plan of study designed to help science and engineering graduates gain an early competitive advantage in the world of business.
A few years ago, the Lally School introduced a new MBA curriculum that identified critical areas for advancing business through innovation and mimics real-world decision making. The curriculum is based on “streams of knowledge” and modeled after one of the school’s signature courses, Developing Innovative Products and Services, in which student teams develop a new product or service, write a business and marketing plan, and learn how to market and sell it.
Gautschi noted that participation in such courses provides students with a strong background in analytical reasoning, interpersonal skills, and an understanding of how to use technology to their competitive advantage when making business decisions. Students also understand and learn the importance of social responsibility, and how to seek out the ethical and social implications of their business choices.
“The ranking our students give the program signals to us that we have improved,” Gautschi said. “Our goal is to continue to improve by cultivating closer ties with industry partners in the United States and abroad, and by continuing to develop innovative new programs to attract prospective students.”
To view the 2009 Princeton Review rankings, go to www.PrincetonReview.com.
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