Dean’s Message for the New Year 2018

Prof. Dr. iur. David Costa, Dean Robert Kennedy College, wishing all of our graduates, students: current and prospective, a very happy and successful New Year 2018. Encouraging everyone to start something new and achieve new goals.

Get inspired with the dean’s message:

 

So let your career take-off and achieve new heights this new year. Our one year online masters’ degree programmes combine quality British education with Swiss ingenuity. Download the catalogue here: https://college.ch/catalogue?j=fbpagemt

 

Sam John, MSc Marketing student shares his experience of Residency @ Salford

                                                                        My Residency….

Being married and having 2 boys… a teenager and a pre-schooler. I almost gave up on studying until I chanced upon RKC @ Salford online MSc programme. It seemed exciting and challenging enough yet manageable. I took the plunge…

I still remember the first assignment vividly … I almost broke down with a sudden realisation that this was a new ball game. Picked myself up and packed up some tools for the long road ahead.

Soon enough the year had gone by, having finished all my modules I was preparing for my Residency. I attended the program week       30 Oct – 3 Nov 2017 @ Salford UK, and what an experience it was!!! All of those who attended this residency were in more or less a similar situation not knowing what to expect. But the Salford team was wonderfully hospitable and the week was an eye-opener. I was just baffled why I didn’t do this much earlier. Our special thanks goes to the team of – A. Deen Eileen, Profs’ – Chris, Tahir, Jonathan, Rasool, Jacque & other staff at the reception desk @ Lady Hale for their guidance & the most courteous Taz from Salford catering team who took care of our global appetites.

We had a fantastic time studying and also having fun there – were able to catch a Man Utd match @ Old Trafford was a bucket-list fulfilment for me. Sightseeing was amazing, sessions with mates @ Uni and many more small but enriching moments. The Atmosphere (Uni Bar), streets, library, eateries, buffets around town @ South African, Brazilian & Chinese outlets – the week ran away too fast. We all went back with good memories and more importantly good friends for life. Keeping in touch is more meaningful as there is a face to the chat. We are helping each other now through the dissertation process. We even started a group naming it CAT – Cronbach Alpha Team (you will know the reason when you attend your Residency 😉 ). We all love to continue this relationship with Salford in our own countries and collaborate on all avenues to stay in touch with the Uni from home.

My own thought from the experience will be to urge fellow students to attend your Residency right after you complete your first module. This will definitely help in your following modules as the whole perspective to approaching your assignments and exams will change tremendously. It will give you the needed guidance and step by step methodology to finding literature, avoiding plagiarism, research tactics, results analysis & even survey strategies. This would certainly help to save time and energy given that most of you are employed full time and are running a family. The experience can improve many fold and so will the outcome!

One year is super-fast with this course to challenge you … Enjoy the journey… So ALL THE BEST GUYS!!!
Cheers!
Sam John.
https://www.linkedin.com/in/sam-john-7b21aa11a/

Online education is the future of education system

It’s a changing world. We live in era of technological innovation, digitization and an internet boom, and the education sector has evolved to a stage which would hardly have been believable a few years ago. Change is often inumbrated by resistance, and bringing about any change to education, likewise has been no simple task. Only a systemic change could prompt the establishment of new teaching methodologies and the application of advanced technology in education. But despite challenges, online learning is making tremendous progress in permeating all pillars of education, from corporate learning, to higher education, to K-12 schooling. Leaders in these areas have discovered some significant ways in which online learning is better than in-person learning, and as a result we’re seeing the widespread implementation of connected technology to drive education initiatives.

With the advent of digital innovation and e-commerce, the world is your oyster where you can get almost anything and everything at the tap of your finger, without leaving the comfort of your home. There is nothing in this world you cannot get online, so why not education? Gone are the days when the only way to learn and advance was to sit through tiresome lectures. As the number of online users grows by the day, more and more people are taking to the internet for their learning needs.

Yet if you’re considering moving to online learning, it’s important to know why you should. Well, there are several reasons why online education continues to grow in popularity and is indisputably the next big thing. The factors range from the wide variety of course offerings, flexibility, and learning pace, to quality of pedagogy and networking opportunities.

Robert Kennedy College has been a pioneer in online education for the last 19 years. Its online masters’ programmes combines Swiss quality education at a distance with residencies at the college’s premises in Zürich, Switzerland or in England at the campuses of the College’s exclusive partners: the University of Cumbria, the University of Salford and York St John University.

The advantages and benefits of online learning offered by Robert Kennedy College make their education unique and stand out from the competition:

  • Wide range of courses offered – Online MBA, MSc and LL.M
  • Blended Learning – Learning opportunity both online and in-person with one-week residency
  • Network building opportunity with peers and colleagues from all over the world
  • Proprietary state of the art technology
  • Outstanding teaching faculty
  • Superior student care

RKC are changing lives. Come and be a part of this revolution. Click here to find out more about the online programmes.

 

 

 

 

Neil Robinson – MSc Project Management Graduate and Winner of 2017 PMI Education Foundation Student Paper of the year award

Neil Robinson found the Online MSc Project Management programme, as a golden opportunity to steer his Project Management career in a new direction. He says, “The MSc Project Management programme is opening up options and possibilities for me which were previously out of reach as a pure practitioner. As evidenced by the LIAP experience, with the right education, research, academic writing skills and dedication, the world really is your oyster to pursue whatever directions your heart desires, creating and opening your own doors along the way.”

We asked Neil, what is LIAP and what inspired him to write this award winning paper:

“Since leaving my homeland (Australia) twenty years ago I have been fortunate in that my life’s work as a Project Manager has immersed me in an incredible kaleidoscope of diverse cultural experiences. Whilst working in a predominantly blue chip corporate environment, I was increasingly drawn to the case studies of “social good” projects in developing countries and the work of philanthropic bodies such as the PMI Education Foundation. The academic paper “Life is a Project: Project Management as an Enabling Life Skill” was researched and written to coherently document and share with the widest possible audience the LIAP concept, pilot observations and an exploration of the potential benefits of Project Management as an everyday life skill with reference to relevant academic studies and theories of cultural transition. The driving inspiration behind this work is to connect with and motivate an audience of like-minded others who believe in the value of “social good” projects and to inspire them to take action to help “open doors” for others.

How was his experience studying Online with Robert Kennedy College:

“As a mature-age student with substantial practical experience in the field managing Global Projects, the opportunity to return to academic studies at Masters level at RKC (Salford Business School) has been transformational. The academic writing skills I’ve attained through the programme’s learning, assessment and feedback processes have opened doors to forums, audiences, and opportunities which were previously inaccessible.The online learning format of this course, whilst presenting its own unique challenges, has given me the flexibility to study the course materials, whenever I want, wherever I want, accommodating the realities of today’s busy and unpredictable demands. With this format you need to learn to overcome self-doubt and forge ahead with a belief in your own capabilities and interpretation of the task at hand. Self-discipline and time management skills are also critical.”

 

So how did this Masters help Neil in his career development?

“As touched on previously, the academic writing skills I’ve acquired have granted me access to whole new world of opportunities. Moreover, the course content thus far has been incredibly enlightening and relevant in terms of providing theoretical and strategic perspectives to the cross-cultural, international business contexts in which I’ve been managing projects as a practitioner all these years.I’d love the opportunity to take my project management career into the field of meaningful International Development or humanitarian work, preferably in a cross-cultural or developing country environment. This is an aspiration which I know is also dependent on the attainment of a Masters level qualification.”

Any words of wisdom for our future students Neil?

“The moral of this story is that Education really can “open doors” and with programmes like this, it’s never too late to “follow the dream”. As a mature age student, without an undergraduate degree, I harboured secret doubts about my own ability to study, research and write academically at this level. But so far, so good. I have to say thank you to RKC and Salford University for providing me with this life changing opportunity. I now see myself continuing to study, research, and write indefinitely as a means of saying what I want to say to the world, and being heard, in this project called Life. My advice to your prospective students? Don’t think it’s going to be easy, it’s not. But if you’re motivated, reasonably intelligent and capable, disciplined, able to work independently and serious about committing the time and effort….just do it! ”

 

Robert Kennedy College celebrating 50 years of the University of Salford

 

Robert Kennedy College recently celebrated 50 years of the University of Salford and was pleased to welcome to Zürich Prof. Helen Marshall, Vice Chancellor of the University, Prof. David Spicer, Dean of the Business School and Eileen Roddy, Associate Dean International.

The university has had a venerable history, from getting the Royal Charter from Her Majesty the Queen constituting the University of Salford ‘for the advancement of knowledge’ 50 years ago to having Chancellors the likes of the Duke of Edinburgh (1967-1991), the Duchess of York (1991-1995) and Sir Walter Bodmer (1995-2005) and playing host to Margaret Thatcher, The Smiths, New Order and Happy Mondays that played at Maxwell Hall.

And while the university continues to grow, opening new campuses, laboratories and student accommodation quarters, it also won Business School of the Year and been named in the QS World Rankings of Top 50 global universities.

In an exclusive partnership with Robert Kennedy College #RKC, the university is taking high quality British education global with Swiss ingenuity. With an ever-growing portfolio of online Master’s Degree programmes (click to download the course catalogue), the University of Salford is leveraging the nearly two-decade expertise of #RKC in online education.

To mark the occasion for our residential students, Robert Kennedy College hosted an exclusive live masterclass conducted by Prof. Spicer and Richard Dron, Technical Innovation Officer at Salford Business School. The celebrations continued through to the evening and concluded with a gala dinner that also included our residential students.

The Dean on Bloomberg Television: Credit Suisse’s Strategy Is Paying Off

Dr. David Costa, dean at Robert Kennedy College, discusses second-quarter results from Credit Suisse, European bank stress tests, and what he’s looking for from Credit Suisse going forward. He speaks with Bloomberg’s Francine Lacqua on “Bloomberg Surveillance.” (Source: Bloomberg)

 

Dean on CNBC: Europe to return to growth in 2014 – Whatever it takes

 

Europe to return to growth in 2014 – Whatever it takes
=======================================================
 
The ECB renewed commitment to maintain an accommodative monetary policy will be among the factors that will help Europe to continue the path to recovery that should result in positive GDP growth this year. While Mario Draghi was cautious in calling the end of the crisis his firmer language echoes the famous 2012 speech that drove the return of investors confidence in Europe.  Valuations in Europe remain attractive and there are several investment opportunities both in the broad indices and specific sectors like financials and consumer discretionary. 
 
This does not mean that the challenges are over:
– Unemployment remains at very high levels of 12.1% (particularly in the periphery)
What is particularly concerning is the level of youth unemployment that reached  very high levels (36.8% in Portugal, 41.6% in Italy, 57.7% in Spain).
– The monetary transmission system of passing the high liquidity provided to banks is not functioning properly.
Small and mid size companies are still seeing limited financing opportunities and the same is true for consumers. 
 
With the industrial production improvement in Germany (Nov data) and the economic sentiment at a 29 month high the environment is still positive for investors. In the specific I will continue to favour companies with global exposure including consumer discretionary.
 
European banks 
==============
 
With the renewed support of the ECB there are still opportunities in the European banking sector particularly in the periphery (with the exclusion of few banks that still have not adapted to the new environment and raised sufficient capital). Overall the creation the banking union later this year will further strengthen the whole sector and reduce the sense of insecurity that has prevented some investors to enter the market. 
The banking union will increase uniformity across Europe and ensure an even higher degree of regulatory oversight and transparency.
 
In Short
========
 
– ECB renewed commitment to maintain an accommodative monetary policy will be positive for European Markets in 2014.
– The European steady path to recovery should translate in positive GDP growth in 2014. 
– Europe still faces several challenges like high unemployment that will take time to normalise. 
– European Banks in the periphery present interesting valuations and a good opportunity for investors. 

Dean on CNBC: Banks face legal charges from the past

 

Banks face legal charges from the past

======================================

Rabobank is just the last bank to have reached a record settlement of $1.07 billion for
alleged misconduct in the libor and other interest rates manipulation scandal.

Barclays is also facing a $700m charge after losing the appeal with hedge fund diamond capital.

Legal charges have also impacted Q3 results of UBS, which now faces
higher provision requirements from the FINMA, and Deutsche Bank that had to increase
litigation reserves of 1.2 billion to 4.1 billion Euro. The situation of
Deutsche Bank is different as it did not yet reach a settlement with the regulators.

This uncertainty over possible further legal charges makes it difficult for
investors to assess the real litigation risk faced by some of these banks.

Banks are therefore going to face higher legal charges and might be required by
regulators, like in the case of UBS, to hold more capital.

Investors can benefit from this volatility in the sector by paying attention to
some unique situations in the industry like:

– Swiss banks maintain a competitive advantage as the regulator moved very quickly
after the crisis to increase capital requirements and do not face the same issue
of other European banks where bad loans have reached $1.7 Trillion ;

– Some Europe banks have no pending legal charges and limited exposure to bad loans
and are a good opportunity for investors;

Given that non performing loans in Europe have double in the last 4 years the environment
will remain challenging. Swiss banks will improve and maintain their strong position in
some banking areas e.g. wealth management.

European banks & bad loans
==========================

The increase of European banks bad loans to $1.7 billion raises the question on how
banks will prepare for the next year stress test but, and perhaps more importantly,
how this might impact access to credit in many european economies that need financing to
fuel growth.

In Short
========

– Litigation risks represent a big challenge for banks and investors that need to
assess how this will impact their future results;
– Swiss banks maintain their competitive advantage due to the strong capital base and the already
reformed Swiss regulatory environment;
– European banks operate in a more challenging environment with higher bad loans and the need to reinforce their capital positions well ahead of the 2014 stress tests.

Dr. David Costa – Dean’s Interview on CNBC: Overlook of banking and Italy

 

Italy to submit budget to the European Commission
=================================================
 
Last Wednesday the Italian Government has approved a number of measures that will allow Italy to keep
the budget deficit inside the 3%. These measure worth 1.6 billion are comprised of 1.1 billion 
in spending cuts by government and local authorities and 500 million in the sales of public buildings.
The target of the Government is a 2.9% budget deficit vs. a 3% of 2012.
 
The Government objective remains to cut spending and taxes at the same time with emphasis on cutting
payroll taxes to increase competitiveness and improve salaries. 
 
In my view Italy benefits from several competitive advantages (notably the made in Italy) but has to find
a way to maintain and enhance competitiveness particularly for small and medium size companies where 
access to credit can improve. 

The Dean on CNBC: German Elections: the impact for Europe and European Investors

German Elections: the impact for Europe and European Investors
================================================================
 
The upcoming German elections should not present any drastic change for other European
countries or European investors.
 
We do not know what the Government coalition will be and if some minor parties, like the anti-euro party will
meet the 5% necessary to hold a seat in the parliament, but some points are already well defined:
 
– In Germany there is a strong consensus against any form of debt mutualisation so we are unlikely to see
any form of Eurobond. That might only happen when and if Europe will have a centralised supervision that will
ensure no overspending. Germany is unlikely to accept and support a fiscal union.
 
– The banking union process will progress at a slow pace and Germany sees the union more as a long term
institutional structural change and not as a tool to fight the crisis in the short term. 
 
– Both the German public and the majority of politicians believe on the principle of fiscal austerity and low inflation
which doesn’t stimulate consumers spending.  This is unlikely to change despite the wishes of both the U.S. and other
European countries to stimulate growth. 
 
 
German Elections for European Markets
=====================================
 
Investment flows in Europe are back at pre-crisis level. What markets really want now is continuity.For this 
reason the re-election of Angela Merkel will be positive for the markets.
In a post-election scenario the new German governments could have more flexibility if needed as there will be
less anxiety about the immediate public reaction.
 
What I do think it that it is highly unlikely to see a new crisis as the one experience in 2010-2012 which was,
primarily, a crisis of confidence. 
 
Wide Divide
===========
 
As highlighted in a recent EY study the divide between northern and southern European economies is widening. For instance
in 2014 unemployment is likely to remain lower than 5.4% in Germany but to peak to 27% and 29% in Spain and Greece.
While as a whole Europe will maintain a steady path to recovery this divide creates opportunities for investors that 
select these European countries, industries and sectors that are more likely to recover in the short term. 
In Short
========
 
– German elections is likely to result in policy continuity with the same position on Eurobonds, Banking Union and a recovery
based on fiscal austerity and low inflation;
– European markets are likely to benefit from this continuity and another crisis is unlikely;
– Wide divide to remain with substantial gaps in unemployment and growth between northern and southern european economies.