Author: Dean Mark Taylor

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About Dean Mark Taylor

Dean Mark Taylor joined Olin Business School on Dec. 1, 2016. He is one of the most frequently cited researchers in the areas of international finance and monetary economics in the world. He has served as an economist at the IMF and Bank of England; and as an investment fund manager for Barclays (now BlackRock). Previously, he was Dean at Warwick Business School, UK, and a professor of economics at Oxford among other European universities and a visiting professor at NYU. He is enjoying getting to know St. Louis (and its great restaurants). Follow Mark on Twitter at @DeanTaylorWashU.


Dean Taylor with Dean Colangelo and a selection of his works that will appear in various parts of Olin Business School.

Few figures in science have pierced the popular imagination or made more fundamental scientific contributions like renowned theoretical physicist Albert Einstein. He wrangled with complex data about the construction of the universe and yielded mathematical models depicting its function. Yet he was also a musician, an artist and a lover of dance.

“The true sign of intelligence,” he once said, “is not knowledge, but imagination.”

At the business school, as part of a great university, we are in the knowledge business. We create it, we transmit it, we leverage it with our community partners. And I’d like to think we’re continuing to create a workplace that sparks the imagination of our colleagues.

Complementing the inspiring architecture of Olin Business School, we’ve begun to introduce new images to adorn its walls. I wanted to share a little about these works and the people behind them.

Thames and Bens II 2018 by Ann Wimsatt

They include the works of Ann Wimsatt, a St. Louis-based artist whose work I encountered at an exhibition soon after arriving at Olin. Her work now lines parts of the fourth and fifth floors of Knight Hall and Bauer Hall, as well as parts of the second floor in Simon Hall.

In Ann Wimsatt’s work, I was struck by three things. First, her images are extremely international, depicting significant architectural landmarks in locations such as Mumbai, Barcelona, London, Siena, Hong Kong and more—as well as St. Louis. Second, they are subjective interpretations of the buildings and landmarks they depict. And third, they are vibrant splashes of color that turn a corridor into an artist’s palette as we walk along, before stopping to look at the details of any particular one.

“Sometimes the most glorious endeavors of a civilization are what they create in their cities,” said Wimsatt, who is also an architect. “I’m quite interested not only in what meaning and importance they might have to me as I paint them, but also, as I manipulate them digitally, what kind of meaning I can draw out of them.”

G.R. (GRE.EK) 2011 by Carmon Colangelo

Olin visitors will also notice a new series of works by my friend and colleague Carmon Colangelo, the Ralph J. Nagel Dean of the Sam Fox School of Design & Visual Arts. Carmon graciously showed me around and introduced me to the art scene in St. Louis soon after my arrival and we spent a lot of time discussing art in his studio and in galleries around the area.

Several of Dean Colangelo’s works hang in and immediately outside my office—and there will soon be several new ones displayed prominently in the Kiefer Foyer in Simon Hall. Those closer to my office tend toward the symmetrical and orderly, but the farther from my office they get, the more the works take on their own character and depart in subtle but significant ways from the central works. I view it as something of a metaphor for the academic freedom we enjoy on the WashU campus.

“I made a new series that was inspired by the concepts in the first versions of the stretched colorfield images,” Colangelo said. “I like the analogy Dean Taylor has made about innovation and faculty research responding with more radical variations on this theme.”

Our very existence as a highly ranked business school depends on the ways we foster collaboration and imagination in the service of the knowledge we create. How do we infuse creativity into a business school? Perhaps by osmosis? I’m rather hopeful that we’ll see our students, visitors and faculty members take time to pause and appreciate the new works adorning the halls and to become inspired by their environment.

Pictured above: Dean Taylor with Dean Colangelo and a selection of his works that will appear in various parts of Olin Business School.




More than 2,000 years ago, the Roman poet Virgil famously said, “Fortune favours the bold.” In today’s vernacular, he would have said, “Go big or go home.” At Olin, we’re going big. And we’re going bold.

We’re doing it by launching a sweeping renovation of the full-time WashU Olin MBA. Students who arrive in mid-2019 will be the first to embark on what is arguably the most global MBA programme anywhere in the world.

Two weeks after they arrive for orientation and introductory classwork in late June—yes, that early—every first-year MBA student will depart for an around-the-world immersion in global business. And I’m not speaking metaphorically. The summer semester continues with a week at the Brookings Institution in Washington, DC. Then two weeks in Barcelona. Then 17 days in Shanghai.

Students will dive deeply into the fundamental principles of business management in the context of each country’s local economy. Morning classes move to afternoon projects as students roll up their sleeves and apply their knowledge, doing research and analyzing real-world business problems with local executives. This isn’t academic tourism. It’s not a St. Louis class transferred to Spain or China. It’s serious work gaining cultural intelligence about global business and leadership issues.

When students return to St. Louis, they’ll be equipped to continue their core classes in strategy, economics, accounting, marketing, finance, and operations—but with global context and the perspective of several economic systems. Plus, they’ll have forged deep bonds with their classmates, a foundation to support, grow and advance one another throughout their Olin careers.

Additionally, students can accelerate their programme under our new model, moving more quickly to the job market, or pair their MBA with a specialized master’s degree.

Why embark on such a sweeping change to Olin’s flagship program? The answer, quite simply, is that we must practise what we preach. The world is shrinking. Leadership challenges are expanding. As we urge students to do, we must anticipate what the market will demand in the future—then think big and act boldly to confront the challenge. Tinkering around the margins won’t do.

We paired that principle with data. We informed our work with the help of Boston Consulting Group, which researched the needs of students and companies in the future. They interviewed current students, prospective students, faculty, corporate recruiters, and more, generating data about the requirements of a redesigned MBA programme.

In some ways, we’ve been building to this for a while. Recent MBA classes have had expanding global opportunities through the Center for Experiential Learning and the Brookings MBA capstone experience. This spring, we plan to pilot some of the global components of the redesigned curriculum, though details are yet to be ironed out.

On the Olin website now, there’s more detail available about our MBA renovation—designed with BCG, taught by world class experts on three continents, one truly global MBA. It is a renovation, I firmly believe, that will be favoured by fortune—for Olin and our students.




Recording a video to introduce the Olin brand campaign that accompanies our strategic plan. Building scholarship capacity is an important piece of our strategy.

Someone supposedly once complained that Shakespeare’s Hamlet is full of quotations, and indeed, many lines from that great work have become familiar phrases in the English language, from “To be or not to be,” to “Alas, poor Yorick.”

One of my personal favourite lines from the play is, “Lord, we know what we are, but know not what we may be.”

Olin is a place that addresses the promise of that theme for students who may pass through our doors “knowing not what they may be.” With our world-class faculty, our dedicated staff and our alumni, we’re well able to help students know what they will be.

The trick, of course, is helping them pass through our doors in the first place.

That’s where scholarships come into play. WashU’s Olin Business School should be an elite institution, but never elitist. That means we want the best students in our community—regardless of their financial means. Anyone with the ability, talent and potential should be able to benefit from an Olin education.

A WashU education is by no means inexpensive, but this is not a new phenomenon. Even when National Council member Sidney Guller started earning his BSBA in 1943—and the average US income was $2,000 a year—Olin’s $250 annual tuition was a tough nut to crack.

At the time, scholarships were hard to come by. Guller worked at a local title company to make ends meet. That experience drove him to establish the Bobette and Sidney Guller Endowed Scholarship and many other gifts to the school.

Increasing scholarship support was an important component of Olin’s participation in the WashU Leading Together campaign, which closed in June. Building that support is vital to attracting talented and deserving students to our institution

Based on preliminary numbers from Olin’s campaign, I’m pleased to note that Olin supporters have contributed more than $31.8 million toward 94 new endowed scholarships—double the number from 2009, before Leading Together began. Additionally, benefactors have contributed to an additional 266 named scholarships since 2010.

I’m looking forward to meeting one of our newest scholarship recipients. One MBA student this fall will receive a new scholarship that I’ve established, the William Shakespeare Scholarship. Will was a great businessman as well as an artist, so I consider this a terrific nod to the way we think about approaching business problems from a variety of perspectives.

Now, I’ll be expecting our first recipient to join The Dean’s Players at our next “Shakespeare at Olin” event. Who knows what he or she may be?

Pictured above: Dean Taylor recording a video to introduce the Olin brand campaign that accompanies our strategic plan. Building scholarship capacity is an important piece of our strategy.




Graduation for the 2018 master of science in leadership class at Brookings.

Joining the members of the 2018 master of science in leadership class from
the Olin Brookings Executive Education programme.

I think everyone who works at WashU gets the question from friends and acquaintances, “Does work slow down for you over the summer?” For Olin faculty and staff members, I’m guessing the quick answer is “No.”

Granted, the day-to-day activities, interactions and even locations may be different in the summer months than during the academic year, but from my viewpoint, the Olin team’s focus on supporting the mission of the school remains strong throughout the year.

Since the final chords of Pomp and Circumstance ended in spring, Olin faculty and staff have been hard at work encouraging entrepreneurship and innovation on a global stage, promoting Olin in worldwide media, growing our academic and research programs, expanding services for our students, connecting with alumni around the world…and teaching me the finer points of the backyard game of cornhole (I hear washers is the next game I need to learn.).

My busy Olin summer began with a May 31 conference on “New Approaches to Biomedical Innovation,” a workshop arranged by Anjan Thakor that drew participants from around the world. I was privileged to introduce the keynote speaker, Greg Simon, president of the Biden Cancer Initiative.

Soon after, I had the opportunity to appear on a BBC business news programme to discuss the importance of the MBA. Indeed, my time with Aaron Heslehurst on “Talking Business” included some sparring over the relevance of the MBA when many tech entrepreneurs have built businesses without such a credential.

But it also offered the opportunity to widely share the Olin name and our commitment to identifying and cultivating our students’ potential—and our unique approach to preparing leaders equipped to synthesize huge amounts of data through a values-based lens.
Promoting our name, our reputation and our thought leadership also gives us the opportunity to participate in the national debate, as when American Public Media’s Marketplace programme recently turned to Olin’s Asaf Manela for his perspective on proprietary trading in a story about The Volcker Rule.

I also had the opportunity to visit Brookings for another joyful event, a graduation ceremony for recipients of the master of science in leadership program through our joint Brookings Executive Education programme. It was the first time that the President of the Brookings Institution and a Dean from Washington University participated in a graduation ceremony together in nearly 100 years.

Dean Grandpa with Madeleine.

Dean Grandpa with Madeleine.

The themes of leadership and career preparation continued in Tel Aviv in late June, where I participated in a panel discussion on “Producing Ideas and Talent of the Future” at the Israel Summer Business Academy with Steve Malter and Aaron Bobick, dean of WashU’s School of Engineering & Applied Sciences, and Provost Holden Thorp.

Next month, my whirlwind summer concludes with a trip to Shanghai to visit EMBA students in our programme with Fudan University. That journey will include a number of visits with China-based alumni, who remain important ambassadors for Olin as they launch, build and flourish in their careers.

While there is great Olin energy around the world—from growing degree programs, research activities and practicum projects on at least five continents, I am excited that the momentum continues to build in St. Louis as we grow our capacity to serve our students and alumni.

I’ve very much enjoyed meeting some of the new people that have recently joined Olin and I look forward to continuing to get to know more Olin faculty, staff and students…perhaps over a game of washers.

On the topic of backyard fun and games, I hope you have a chance to connect with friends and family over the summer months. The best moment for me this summer has been spending time with my first grandchild, Madeleine, in Sydney, Australia.

I’ve already started recruiting her for Washington University Class of 2040.

“The Desk of the Dean” appears monthly.




Jennifer Whitten

Jennifer Whitten will join Olin as associate dean and director of the Weston Career Center on July 9. Jennifer comes to Olin from Arizona State University, where she is the director of career services and  instructor in the MBA program at the W. P. Carey School of Business.

At ASU, Jennifer managed career support for a portfolio of four MBA platforms, 10 masters’ platforms and alumni career services. Under her leadership, the W. P. Carey Career Center has seen significant increases in student engagement and employment percentages as well as growth and expansion of employer relationships and activities.

Aside from a stint in Arizona state government focused on creating a career management program for over 35,000 state employees, Jennifer has spent nearly two decades in higher education, serving undergraduate and graduate students in both academic advising and career development and placement roles.

By coming to Washington University, Jennifer is returning to her Midwestern roots and she will bring with her the experience and drive to lead a nimble Weston Career Center team that is focused on preparing our students not only for their first job but for their careers well into the future, connecting with our strong alumni network, and expanding the opportunities available to our students through proactive business development.

I am grateful for the efforts of the Weston Career Center Director search committee chaired by Senior Associate Deans Steve Malter and Patrick Moreton as well as the valuable feedback from many members of the Olin community throughout this search process. I also want to say a special thank you to Karen Heise for her excellent work serving as the interim director of the Weston Career Center.


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