by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
My previous blog talked about the Graduation ceremony for the Dalhousie MBA class which I am one of the Professors for. The ceremony was for the first graduating class of the newly designed Corporate Residency MBA, which is a one of a kind program that I am especially proud to be a part of.
The students who graduated basically all took a huge gamble on entering into a very innovative program. As with anything new and in uncharted territory, the downside risk was huge, while the upside risk was also great. Fortunately the upside risk prevailed and I believe – based on my experience with several other MBA programs over the years, and with my work with financial institutions on their intake programs – that we have one of the best MBA programs in North America.
The graduation ceremony was particularly bittersweet for me. I was thrilled to watch the students walk across the stage and be awarded their degree. I am also very excited thinking about the wonderful careers that they will have. They are an exceptionally talented bunch – the best MBA cohort I have been associated with in nearly 20 years of graduate level teaching that I have done. I was also slightly sad to see them go. I know I will keep in touch with many of them, but not having the opportunity to daily debate topics with them will be missed.
Risk management should also be a bittersweet exercise. Risk managers should see the upside in every situation and not just dwell on the downside. Risk management is a two-way street, although too often we focus on trying to turn it into a one-way street to ruin.
Meanwhile I have a short period of time to rest up. The next cohort will be here in just over a month. I can barely wait to see how they will match up and am tremendously excited about the thrills of working with them.
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