A team of MBA accounting students at Maharishi University of Management in Fairfield, IA recently finished in the highest possible 99th percentile in an online integrated decision-making simulation that involved 1,271 master’s-degree-level teams worldwide.
Members of the top-ranking Baldwin team reflect the international character of MUM’s student population: Ram Neupane (Nepal), Merveille Tiani (Cameroon), and Pondpat Tohsanguanpun (Thailand). Cited results for classroom Industry C94044 were confirmed by Daniel Maday, Client Relationship Consultant, at Capsim Management Simulations in Chicago, Illinois.
This is the 14th consecutive time over the past 7 years that at least one group of MBA students from MUM has finished in the top tenth percentile. Other US universities that finished in the top percentile in this competition included DePaul University, Indiana University, Kansas State University, Pennsylvania State University, University of Massachusetts, University of Northern Iowa, and Western Michigan University.
“We had four team competing during the three weeks ending Feb 5, 2018. Our class performed overall at a level higher than 81% of the participating graduate schools worldwide,” said Dr. Andrew Bargerstock, who taught the capstone course.
“MBAs are expected to make decisions guided by analysis of quantitative data. We feel that the Capstone Simulation results demonstrate the readiness of our students for job markets now and ultimately for executive leadership positions later.”
In the online Capstone Simulation points are earned through well-defined metrics based on the Balanced Scorecard, a concept developed by Robert Kaplan at Harvard University. It recognizes four perspectives for measuring performance: customer, financial, internal business processes, and learning/growth.
The students must manage both short-term and long-term metrics across eight rounds of decision-making, with each round representing one year. This entails using their knowledge of marketing, finance, operations, human resources, accounting, problem-solving, and data analysis. Team performance depended on their ability to analyze data and financial statements across eight years of business activities.
While not a real-time competition per se, the ongoing simulation allows MBA teams to compare their performance with all the other MBA teams who have participated in Capstone during the previous six-month period from the end date of the last round of decisions.
MBA students at Maharishi University come from around the world. Those participating in the simulation are students in the Accounting Professionals Program. They spend eight months on campus taking specialized courses, and then begin their practicum, in which they work as an accountant for up to two years at a U.S. corporation and complete their MBA via distance education.
Approximately 200 students are currently enrolled in various specializations in the MBA program, including those on campus, those in their practicum phase, and in special-purpose corporate MBA programs.
In addition to being accredited by the Higher Learning Commission, which accredits universities in the Midwestern region of the U.S., the business program at bachelors, masters and PhD levels at Maharishi University has met the stringent requirements to be accredited by the International Assembly for Collegiate Business Education.