Mona School of Business and Management (MSBM) was established on August 1, 2012. It evolved from the merger of the former Mona School of Business (MSB) that had a 25 year history of delivering master’s level business management education and the Department of Management Studies (DOMS) which had a rich 42 years history of delivering undergraduate and graduate management programmes.
MSBM is a key plank of the University of the West Indies (UWI) Mona’s value proposition to its constituents in Jamaica and the region. Specifically, its mandate is to be the arm of the University that facilitates effective business education and practices in the private and public sectors in order to advance the economic development agenda of Jamaica and the region by:
- creating human capital through business and management education programmes,
- delivering executive education and professional development training,
- creating intellectual capital through the conduct of research and the dissemination of the findings,
- providing management consultancy service, and
- creating social capital through outreach activities in the wider society .
MSBM offers a range of both undergraduate (B.Sc.) and post graduate degree programmes; all offered in an excellent learning environment, using a pool of talented and highly qualified local and international faculty.
MSBM complements its unique academic programmes with cutting edge consultancy services and public policy research, the principal business objective being to provide decision makers with expert advice for handling their most critical strategic issues.
In this regard MSBM has handled a large portfolio of multidisciplinary projects in Jamaica and the region relating to leadership and management development, strategic thinking and management, project and performance management systems, and other areas of professional services and continues to contribute to the development of a particular ethos within the business community in Jamaica and the region.
Like most Business Schools of repute, MSBM includes unique perspectives and relevant business related content in its publication the MSB Business Review which was launched in 2010. In 2012 the magazine was renamed the MSBM Business Review to reflect the school’s merger exercise.
Awards and Accolades
Over the years, the growth, development and academic achievements of the MSBM have been recognized through a number of awards and accolades.
Since 2008, MSBM has been ranked by the Eduniversal International Scientific Committee (France) among the top 1,000 business schools in the Worldwide Business Schools Ranking. In addition, the MBA programme is ranked among the top 20 in Latin America.
The World Economic Forum (WEF) selected MSBM as its partner institution for administering the Global Competitiveness Survey for Jamaica and the Project Management Institute (PMI) has named MSBM a Registered Education Provider (R.E.P.). The R.E.P. designation validates that an organization meets or exceeds PMI’s rigorous quality standards and can deliver world-class, effective project management training and education.
In 2014, MSBM was awarded Best of Chamber (Small Enterprise) by the Jamaica Chamber of Commerce (JCC). This award is bestowed on "an outstanding member company that has met the highest level of sector performance and best practices in the areas of corporate leadership, product and service quality, human resource development, marketing innovation, corporate citizenship and sustained growth". MSBM joins a long list of distinguished Jamaican firms, organisations and individuals to be honoured by the JCC which is one of the oldest business associations in the hemisphere.
Similarly, in 2015, MSBM was among the top three winners of the Project Management Organization of the Year (PMOY) award. The School was recognized by the Project Management Institute (PMI) for excellence in project management and was awarded second place for project management excellence in relation to the opening of the MSBM Finance Lab, the Caribbean's first University Finance Laboratory of its kind.
In June 2011, the MSBM received accreditation from the Association of MBAs (AMBA) for a period of three years for achieving what AMBA describes as the highest standard in Postgraduate Business Education for its EMBA and MBA programmes. AMBA’s accreditation is internationally recognised as the global standard for all MBA, MBM and DBA programmes. The programmes were re-accredited in June 2014 for another three year period after another rigorous assessment by the AMBA team. The re-accreditation by the AMBA is further proof that the MSBM has indeed become the centre of excellence in business and management education for the Caribbean.