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Congratulations to Doireann Sheelan, a DCU Executive MBA student, who received a Special Award for her individual contribution at the recent MBA Association of Ireland Strategy Challenge competition, held recently at Waterford Institute of Technology.

Doireann was part of team, with fellow Executive MBA Students Kalum King, Neil Curran and James Cannon, who presented on the case study “Turkish Airlines – Widen Your World”. While they did not win the competition (the prize went to WIT) they acquitted themselves admirably receiving great praise from the judges for the depth of their analysis.

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DCU Executive MBA Team (Kalum King, Neil Curran and James Cannon)

This annual competition, hosted by the MBA Association of Ireland (MBAAI), attracts entrants from all the universities and institutes of technology in Ireland that run MBA programmes. Peter McNamara, Professor of Management & Head of School at NUI Maynooth, and Chairperson of the competition, commented: “All four of the teams did a very good job of analysing the case and making recommendations, especially under considerable time pressure.”

The DCU Executive MBA is now recruiting ambitious participants for September 2016.

For more information, visit postgrad.dcu.ie/mba or  email mba@dcu.ie.

 

Pictured is the DCU MBA team with the MBA Association of Ireland President Alacoque McMenamin,

A number of our current students and graduates enjoyed a great weekend of success at the Athletics Ireland GloHealth National Senior Championships in Morton Stadium, Santry on the weekend.

Current students to win national medals included Catherine Mc Manus (MINT & MMK) who placed 2nd in the 200m and 2nd as part of her club’s 4x400m team,  Cormac Kelly (MINT) who came 3rd  in the 1500m and Sarah McCarthy (AF) who placed 3rd in the Long Jump. Of our recent graduates, Mark Christie (MFCM, BBS) came 2nd in the 10,000m.

After the championships, nine DCU athletes (past/present) were selected to compete at the European Track & Field Championships in Amsterdam from July 6th – 10th. DCUBS Masters student Catherine McManus was amongst those selected and gained a place on the Women’s 4x100m Relay squad.

This is a guide to the main points relating to the Brexit situation by Anthony Foley, Senior Lecturer in Economics, DCU Business School.

 1. The UK has voted to leave the EU. This necessitates the establishment of a new set of rules governing movement of goods, services, capital and people between the UK and the rest of the EU. In addition it will affect a wide range of other issues e.g. Irish student access to UK universities and fees. The Brexit vote was exclusively about staying or leaving; there was no vote on alternative post-Brexit regimes. The Brexit side does not have a unified view on what should replace the EU membership rules. The EU side is also weak on the details of a post membership situation.

2. The new set of economic relationship rules are unknown and uncertain and will derive from negotiations between the EU as a whole and the UK. There is no guarantee that the negotiations will be friendly and designed to minimise economic disruption. They may be grudging and spiteful. One view is that the EU will offer a poor deal on economic relations to discourage other member states from leaving.

3. The exit timescale is related to Article 50 of the Treaty. A member which  decides to leave notifies the European Council of its intent. The European Council then initiates negotiation on the withdrawal arrangements and the future relationship with the EU. This agreement will be arrived at by the qualified majority system at the Council and with the consent of the European Parliament.

4. The exiting state will cease to be an EU member from the date of entry into force of the agreement  (as negotiated) or failing that, two years after the notification of the intention to leave. However, the European Council, acting unanimously, in agreement with the exiting state can extend the period beyond 2 years (with no time limit)

5. The UK government has not yet notified the European Council. The UK prime minister is resigning with effect from October and has stated that it should be the responsibility of his successor to notify the European Council. Some EU senior officials have argued that the UK should notify immediately to speed up the process but there is no legal obligation for the notification to come within a specific time period and this demand has been dropped. It could well be the case that the notification will be a long time coming, even after October, (or maybe never, if circumstances arise that persuade the UK government and parliament to ignore or rerun the referendum).

6. There is enormous uncertainty about the detail of a post exit situation, there is uncertainty about what the UK government will want (and be willing to concede ), there is uncertainty about the negotiating position of the EU (punish the UK or minimise changes in the economic relations), there is uncertainty about the time scale of the process and finally there is great uncertainty about the economic effects of whatever is agreed.

7. The eventual deal will probably have to be approved by the UK parliament and currently the House of Commons is anti-Brexit by a large majority. The final deal may well fall far short of what the Brexit supporters currently expect.

8. The EU has a high degree of economic integration and the Single Market allows the free (or nearly free) mobility of goods, services, capital and labour. The EU and the Brexit side are in favour of free trade. The Brexit side would happily accept the three freedoms of goods, services and capital but are strongly against free movement of labour and people. It is unlikely that the EU would allow continuing full access to the single market for goods, services and capital without labour freedom. This is likely to be the main sticking point in negotiations on a new economic relationship.

9. Membership of the European Economic Area has been identified as a possible post EU regime. Norway is currently in this position. But full membership of the EEA includes mobility of people and also a significant contribution to the EU budget. Alternatively the UK might relate to the EU in much the same way as does China, Russia or the USA at present. This would not include labour mobility but also includes much lower trade liberalisation in services including financial services which the UK does not want.

10. Brexit has two effects. It has generated enormous uncertainty as to future EU/UK economic rules of engagement. This has had a negative impact, and will have a continuing impact, on sterling, stock markets, investment decisions, consumer decisions and overall economic confidence. The second effect is that when the uncertainty is gone (which may be a long time away) the rules governing economic relationships will be different and this will affect business models, market access and transactions costs of UK related business. How different, depends on the details of the new agreement.

11. Brexit will worsen the UK economic performance in the immediate and short term. This will reduce its demand for imports which will hit Irish exporters. This will, in turn, reduce the Irish growth performance.

12. The new deal will be negotiated by the EU as an entity. While Ireland will have an input into the EU negotiating position (and it may be a strong input reflecting our particular political, social and economic relationship with the UK), the final deal will not necessarily reflect all of the Irish concerns. For example, the EU may not be willing to allow a common travel area between the UK and Ireland if the UK will not allow the same mobility of people from elsewhere in the EU).

13. Brexit has caused a large decline in Sterling which is likely to persist, to some extent, for some time if not long term. A much lower Sterling reduces the competitiveness of exports from Ireland to the UK and improves the competitiveness of imports from the UK. Consumers may benefit from the latter but Irish producers competing on the domestic market will lose out. A lower value of Sterling also reduces the attractiveness of Ireland for UK tourists. Fluctuations in the exchange rate with Sterling are not a new phenomenon for the Irish economy but the Brexit related decline is large and likely to be long lasting.

14. As noted in a previous blog a likely positive for the Irish economy is the reduction in the attractiveness of the UK as a centre for servicing the EU single market for both inward foreign investment and domestic UK enterprises because of the likely reduction in ease of access between the EU and the UK depending on the eventual deal. Ireland stands willing and able to give a new English-speaking home to these projects. On the negative side, the UK will have more freedom to improve its tax attractiveness for these projects. Ireland’s increased attractiveness as an English speaking business-friendly location relative to a UK which is outside the EU has substantial economic potential.

15. There is an overall short term negative economic impact arising from the uncertainty which will reduce Ireland’s growth performance. The decline in sterling is likely to be long lasting with its associated negative economic effects ranging from lower inward tourism, increased cross border shopping, reduced exports and increased imports. The ongoing uncertainty will reduce investor and consumer confidence. However, we are still a long way from tariffs, quotas, labour permits, visas, border controls and additional documentation in our economic relationships with the UK.

 

Anthony Foley is Senior Lecturer in Economics in DCU Business School, and lectures on the Executive MBA Programme.

The Nissan Generation Next programme is designed to support ambitious Irish people, from whatever walk of life, who have the drive and determination to become tomorrow’s leaders. DCU Business School graduates Shane Carthy (BBS 2014, MSc Business Strategy 2015) and Ryan Scott (BBS 2014) have been named as finalists in this years edition.

Shane Carthy

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Shane has battled adversity to become a club All-Ireland winning footballer and an integral part of the Dublin Senior Football team. His sporting goal is to win an All-Ireland title with Dublin and his business goal is to help Ireland reach its renewable energy targets by 2020 through the introduction of sustainable and innovative energy solutions.

Vote for Shane here

Ryan Scott

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Ryan is one of the founders of DropChef, who make cooking dinner easier by delivering all the ingredients to cook a healthy dinner, along with an easy-to-follow recipe, straight to your door. Each ingredient is pre-measured, saving you time, money and eliminating your food waste.

Vote for Ryan here

Voting closes on the 28th of June and you can vote once every 24hours.

 

Chartered Accountants Ireland will be hosting a Chartered Careers Open Evening in their Dublin HQ, 47-49 Pearse Street on Thursday 16 June, from 6.00-7.00pm.

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This event is for anyone interested in becoming a Chartered Accountant and would like to know more. If you would like to attend, you can register here, or simply sign in on arrival. This free event will feature guest speakers and a Q&A session.
If you have any further questions you can email or call Chartered Accountants Ireland on: 1890 28 29 28 (ROI) / 028 9043 5840 (NI).

Give yourself the competitive advantage with DCU Business School. If you want to take your career to the next level, DCU Business School has the part-time postgraduate programme to help you realise your full potential. Part-time study is a very efficient way of raising and updating your skills while keeping your foot firmly in the professional world.

Our part time programmes are tailored for those who want to continue working while studying and usually involve committing a number of afternoons or evenings each week to attend classes or lectures. Undertaking a part-time postgraduate course can be of great benefit to personal and professional development as well as for career progression.

We are currently accepting applications for September 2016 via the Postgraduate Applications Centre (www.pac.ie/dcu) for the following part-time postgraduate programmes:

For details on our full-time postgraduate programmes, please click here.

 

After all that research online and talking to your lecturers, friends and family, you have decided Dublin, Ireland is your destination of choice to continue your postgraduate studies in international business.

However, before you take that plunge, it is really important to know what your options are for funding your program and how much it actually costs to live in Dublin for a year.

Irish Scholarship Opportunities

The Government of Ireland International Scholarship scheme

The Government of Ireland International Scholarship scheme is operated and co-funded by the Irish Government and the higher education institutions (HEIs) and includes a full tuition fee waiver and a stipend of €7,500 to cover living expenses for one year.

This prestigious scholarship scheme is intended to support suitably qualified candidates intending to pursue full-time Masters in any discipline in an Irish higher education institute.

Fulbright scholarships

The Fulbright U.S. Student Program offers research, study and teaching opportunities in over 140 countries to recent graduates and graduate students.

Dublin City University has waived tuition for Fulbright grantees enrolled on a taught Master’s Program within three of its faculty – one being the business faculty. Fulbright scholars will also receive a stipend of up to €15,000 covering travel, subsistence and accommodation costs.

 Cost of Living in Dublin

Dublin is quite an expensive city to live in. Your biggest spend will be on the type of accommodation you would like to live in. As a postgraduate student, it is highly recommended that you have your own bedroom if sharing a house, apartment or staying on campus. The year will fly and you will need your own space to ensure you get through a very intense year. Make sure to research your options well in advance before of coming to Ireland.

The other major costs of living are food and personal expenses (such as clothes, social life, travel). One-off costs to  consider are the following:

For more information on the points highlighted in this article, download this free ebook on postgraduate studies in Ireland.

For more information on carrying out a postgraduate degree in DCU Business School click here.

The MSc in Electronic Commerce is the ideal postgraduate programme for graduates of business and computing degrees who are seeking to advance their careers in the growing ICT industry in Ireland and abroad.

The Eduniversal Best Masters rankings, which rates Master’s degrees on reputation, student satisfaction, and employment prospects, placed the MSc in E-Commerce in 18th position globally. Further, the Ecommerce programme has been awarded the prestigious EPAS accreditation which recognises the quality of alumni of the programme and their career progression, the market positioning of the programme nationally and internationally, the curriculum content and delivery system, the extent to which the programme has an international focus, its balance between academic and managerial dimensions, and the appropriateness of the faculty who deliver the programme.

This one-year Masters programme is designed to produce the kind of e-business technologists, managers, entrepreneurs and innovators in greatest demand by the information economy. It does this by providing students on each stream with a powerful combination of technological and business skills of relevance to electronic commerce applications. A strong collaborative ethos across the business and technical streams is fostered through the extensive shared curriculum, interactive teaching modes and overall entrepreneurial and innovative orientation.

Throughout the programme, students will be given the opportunity to apply their knowledge to real-world projects. The MSc in e-Commerce is part of DCU Business School’s Next Generation Management initiative. This initiative provides students with a unique and flexible learning opportunity to develop the competencies required for successful management careers and to contribute to business success.

The Practicum module is taken over the summer months and is a great opportunity to apply all the learning that you will do over the year to a real world case and will be a great asset on your CV upon graduation.

Read more about the MSc in Ecommerce & see how to apply here.

Planning your study over the next two weeks? Check out these exam preparation tips to help you maximize the use of your time and get the results you want!

Time – Set up a study timetable for the study period prior to the exams. Remember to allocate time for recreational activity – this allows a certain amount of leeway in your day so that if you ‘run over’, you have some time to play with.

Energy – Notice when you have the most energy during the day and schedule study time for those periods. Some people are more alert early in the day and others in the evening or late at night.

Management – Break down the study schedule into exams to be taken, number of topics to be studied for each subject and the number of hours given to each subject, each day.

SMART Goals – Goal set for each session, day and for each week of study, keep them SMART (specific, measurable, action, realistic, time). This keeps your focus in the here and now.

Research – Allow time for searching the internet for extra facts and figures that will help you answer exam questions more effectively. Up-to-date statistics and figures help bring more depth to your answers.

Learning Style – Know what type of learner you are – Take the VARK Questionnaire to see what your learning style is and use this information to study effectively.

Read our last minute exam preparation tips here!

For more tips on things you can do to maximize your exam performance check out DCU’s Student Support and Development guide to to getting the results you want.

Congratulations to DCU Business School student Garron Clarke (BSc in Marketing Innovation and Technology 2014 & MSc in Digital Marketing 2016) who has won the An Post Smart Marketing Student of the Year award for 2016.

The An Post Student Smart Marketing Campaign of the Year Award recognises excellence in marketing strategy, design and creativity. Garron, who is currently carrying out the Masters in Digital Marketing in DCU Business School, was awarded for  his campaign ‘The Chronicle’.