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RECOGNITION: From left, accreditation manager Stephen Henderson, MSBN director of marketing Janice Henlin and acting executive director Michael Williams with the award

ONE OF Jamaica’s top business schools has been presented with a major award
in London.

The Mona School of Business and Management (MSBM) won the Business School Innovation Award for its Financial Markets Lab, at the Annual AMBA (Association of MBAs) Gala Dinner and MBA Excellence Awards held in London on February 2.

The event was sponsored by Peregrine Academic Services, The Wall Street Journal, and Liaison International. International deans and directors, distinguished MBA alumni and MBA students representing a wealth of AMBA-accredited Business Schools attended the event.

MSBM, which is based on the University of West Indies (UWI), Mona campus, is the only institution in the English-speaking Caribbean to house a Bloomberg Markets Lab. The award-winning lab provides a range of services including analytics, communication and economic data, and is equipped with a global financial market simulator provided by StockTrak.

This virtual trading room is the first of its kind in the Anglophone Caribbean and brings the school’s technical infrastructure on a par with leading international business schools. The Bloomberg component of the lab offers an array of information on financial matters.

Users of the lab have access to volatility indices, global benchmarks, all the major market indices, a trading platform, and a wide range of portfolio analysis tools.

Students are able to apply theoretical learning in a more practical setting, conducting analysis of stock offerings, quotes, currency exchange rates, and perform technical and fundamental analysis in a manner similar to securities dealers, business analysts, investment managers, and financial advisers.

The integration of these technologies into the teaching of courses such as economics, financial reporting, corporate finance, investment analysis and portfolio management is aimed at exposing students to content, tools and techniques beyond traditional course materials.

Speaking about receiving the award, acting MSBM executive director MSBM executive director Michael Williams said: "We're overjoyed, AMBA is an elite group, and to be awarded number one is an honour for our school. The award increases the school\'s credibility and builds our reputation. We are pleased to have an organisation such as AMBA acknowledge our work."

Other finalists in the Innova- tion Award category included: IEEM Business School, Imperial College Business School, QUT Graduate School of Business, Westminster Business School and Amsterdam Business School.

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