Author: Antonios Antoniou

An Overview of Recent Enrollment Declines in MBA Programs

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MBA Programs

Dr. Antonios (Tony) Antoniou received his BA in economics from Sunderland University and his MSC in accounting and finance from the London School of Economics. Dr. Antoniou also holds a PhD in applied economics. An experienced professor of finance and economics, Dr. Antonios Antoniou stays informed on all the latest academic business trends.

In the past, a master of business administration, more commonly referred to as an MBA, represented a laudable academic achievement. More recently, however, employers’ interest in the degree has fallen, a trend either reflected or influenced by an enrollment decrease in MBA programs.

The MBA’s decline may extend as far back as 1985 when an article in The Wall Street Journal noted that as many as one in four of the nation’s 600 business schools might be forced to shut down due to diminishing enrollment. Eight years later, The New York Times published a similar article, this time specifically calling into question the professional value of the MBA.

By 2005, the trend had reached the nation’s most prominent and respected business institutions. A Businessweek article found that each of the magazine’s top-30 MBA programs experienced a minimum enrollment decline of 30 percent over the previous seven years, with some falling at a rate of 50 percent or higher.

Speaking to The Economist in 2016, experienced staffing and recruiting professional Debbie Goodman-Bhyat determined that, from an employer’s perspective, the MBA has essentially fallen to the level of a bachelor’s degree. Thousands of MBA or equivalent programs are available to students around the world, leaving employees to dig deeper when searching for talent.

Furthermore, the abundance of MBA programs has led to questionable quality. A study in India found that of the 5,500 Indian business students graduating each year, only 7 percent are considered employable because of their schools’ poor faculties and inferior facilities.


Differences Between Managing Team Members and Leading Them

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Leveraging his experience establishing business schools and his past roles as the head of academic departments for major universities, Antonios (Tony) Antoniou serves as an expert in business leadership and management. With a career in finance and business spanning decades, Antonios Antoniou holds extensive knowledge on various leadership and management styles and the differences between the two positions.

According to an article on, there are a variety of characteristics that distinguish the two. Traditionally, management has meant that one has a group of people that are replaceable and their sole existence in the role was to produce results. Leadership, however, assesses how workers are feeling and makes adjustments as necessary, recognizing that they are human beings, not robots, and that a person’s feelings and perspectives can determine loyalty, behavior, perspective, and productivity.

Another example concerning the differences between management and leadership includes the ways in which the two approach work to motivate the achievement of goals. With management, threats along with limited patience are used to spur workers to action. With leadership, however, a shared goal or mission is used as a motivating factor, creating a common ground.

Dr. Antonios Antoniou: Behavioural Finance Part 1

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Behavioural Finance

Chief Executive Officer of Finance, Research, Training, and Consulting, Dr. Antonios Antoniou demonstrates a long and productive history of financial research. He has served in academics, consulting, and as a respected author of multiple published financial articles, sharing knowledge gleaned from his research. One of the areas of research on which Dr. Antoniou focuses is behavioural finance.

The social sciences study human behaviour and the effects it has on the way people live their lives. Behavioural finance provides study into the specific area of how psychology affects financial behaviours, as well as the effects that those behaviours have on financial markets. Such knowledge may help provide an understanding of anomalies that occur in securities trading around the world. Most financial theory is based on rational and logical behaviour; however, human beings often defy logic and rationality. Behavioural finance seeks to create models for market fluctuations driven by emotion. For instance, logic dictates that gambling favors the house. A non-behavioural financial model might then posit that most people would not turn to gambling as a financial strategy; however, as many people who buy lottery tickets, attend horse races, or spend significant amounts of time in casinos can attest, gambling for some provides their main retirement plan. Human psychology is the only way to explain this anomaly.

Many common anomalies are attributable to behavioural finance. For instance, the January effect describes the facts that small firms often have a higher rate of return in January than any other month of the year. Another is the winner’s curse, in which winning auction items tend to exceed their intrinsic value. This may be attributable to competitiveness and the desire to win.

Banking Woes Prove Challenging When Striving for a Cashless Country

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Longtime economics professor Antonios (Tony) Antoniou has served in a variety of capacities in academia, holding positions such as professor and chair of the economics and finance departments of Brunel and Durham Universities. With an extensive career lecturing and training on the topic of finance, Antonios Antoniou is an expert on the role and realities of money and banking in the 21st century.

Modern-day banking and the exchange of money has a decidedly different face than in decades and centuries before. Throughout the world, gradual attempts are being made to move from a cash society to a cashless one. According to a story by National Public Radio (NPR), an example includes that of India. While the Indian government works to minimize and possibly end the use of cash in its society by replacing large bills with smaller ones and limiting the amount of cash citizens can pull from their bank accounts, various factors contribute to the creation of unintended challenges.

While relying on the use of technology to make transactions, for some shop owners, the transactions are slow or do not come about at all if the connection to the card reader is not strong. It’s also not possible for everyone to own the gadgets capable of exchanging virtual money. For those small entrepreneurs who cannot afford technological devices, creating a cashless society makes it difficult for them to fully participate in the economy.

Tottenham Hotspur Icon to be Moved to Lilywhite House

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Tottenham Hotspur

Dr. Antonios (Tony) Antoniou fulfills the roles of CEO and consultant at Financial Research, Training & Consulting, LLP. Outside of his professional life, Dr. Antonios Antoniou is a fan of the British football team Tottenham Hotspur.

Tottenham Hotspur’s stadium site recently underwent construction to increase seating, and the full capacity will exceed 61,000 people starting in 2018. A canopy that originally protected some iconic statues was removed to widen the path for construction machines and vehicles to enter the stadium. This left the statues, including the team’s statute of a cockerel standing on a ball, exposed to the elements.

Measuring more than 9 feet tall, the cockerel statue was constructed in 1909 when the soccer team still played at the armature level. The cockerel will join the Tottenham Hotspur clock, another stadium icon, in its new home at Lilywhite House, where it will remain on display for fans to enjoy along with other items from the team’s long history.

Two Underrated Tourist Spots in Europe

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Bruges, Belgium

A recognized expert in business and finance, Dr. Antonios Antoniou has received numerous accolades throughout this career, including recognition in the Jean L. Heck and Philip L. Cooley study, “Most Prolific Authors in the Finance Literature: 1959–2008.” In his leisure time, Antonios “Tony” Antoniou enjoys travel and has visited many cities throughout Europe.

London, Paris, and Berlin are often among the cities that top the lists of travelers to Europe. While those are great destinations, there are lesser-known European cities that offer visitors wonderful visual and cultural experiences. Here are two of the most underrated cities in Europe.

Called the “Venice of the North” because of its system of canals, Bruges, Belgium, often takes a backseat to Antwerp and Brussels among visitors to the country, but Bruges is filled with stunning medieval architecture and art. Bruges is where Michelangelo’s famous sculpture, Madonna and Child, currently resides.

Dublin may get most of the attention from tourists visiting Ireland, but Cork can be just as appealing. With friendly locals and a layout that’s easily navigable, the often dubbed “real capital of Ireland” boasts a subdued vibe and is recognized for its focus on high-end cuisine.

Mauricio Pochettino Sees Promise in Barcelona’s Blueprint for Success

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Mauricio Pochettino

The CEO of FRT-C, LLP, Antonios Antoniou serves as a financial consultant to a mid-sized company. Outside of work, Tony Antoniou enjoys watching soccer, and his favorite team is Tottenham Hotspur. Tottenham’s current manager, Mauricio Pochettino, wants to follow the FC Barcelona model of success, slowly building a strong team out of young academy graduates.

In an attempt to quickly boost their teams, many managers opt to spend big bucks acquiring good players. Manchester United recently set the record, re-signing Paul Pogba for a massive £89 million. Mauricio Pochettino says his team simply cannot compete financially with some of its more wealthy rivals.

Instead, Pochettino hopes to draw inspiration from Barcelona and its La Masia academy. The academy is responsible for many quality Barcelona players, including Xavi Hernandez, Andres Iniesta, and of course, Lionel Messi.

Pochettino also said this strategy will allow Tottenham to keep its unique identity, but that this will also take time. He cited current match-day regulars like Onomah, Carter-Vickers, and Winks as examples of the strategy’s merit.

The manager went on to concede that the team will always need more seasoned, experienced players to help the younger academy graduates along, but that he saw great potential in the team’s academy.

The European Foundation for Management Development by Dr Antonios Antoniou


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European Foundation for Management Development

Located in Brussels, Belgium, the European Foundation for Management Development (EFMD) is a global non-profit organization focused on researching, networking, and information sharing within the field of management development. The group comprises more than 750 member organizations representing academia, the public interest, business, and consulting in more than 80 countries.

Members of EFMD enjoy many benefits, such as the connection to a vast global network. Through this network, members can share and discuss their experiences and learn more about best practices. Belonging to EFMD also brings access to a wide variety of the latest and most relevant information through the non-profit’s website, the Global Focus magazine, and organization-sponsored events. In addition, EFMD gives members the use of quality improvement tools, including the Corporate Learning Improvement Process (CLIP) and Technology-Enhanced Learning (CEL).

About the author: An educator and financial expert, Dr Antonios Antoniou possesses a Bachelor of Arts in Economics, a Master of Science in Accounting and Finance, and a Doctorate in Applied Economics. Dr Antoniou is the Chief Executive Officer of Financial Research, Training & Consulting, LLP (FRT&C).

London Airports Offer Less than One Euro per Sterling Pound



Antonios Antoniou is the CEO and a consultant for FRT-C Consulting, where he serves as a financial consultant to a medium-sized company. Also a former professor of finance at Brunel University and Durham University, Tony Antoniou stays up-to-date with financial news, including information on the euro.

For the first time since the United Kingdom voted to leave the European Union in late June, some London airports are offering exchange rates of less than one euro per pound sterling.

In late August, the MoneyCorp bureau de change at London’s Stansted Airport began offering an exchange rate of €0.9915 for every pound. Similarly, the rate at the ICE exchange center at London Luton Airport was €0.990.

While this does not provide an accurate view of the pound’s overall trading power against the euro, it is the first time since the Brexit vote that the exchange rate has dipped below the one-to-one mark. Other airports, however, offer better rates. While the pound lost ground at other London airports, ICE at Gatwick still offered €1.05 for every pound.

These new rates may look ominous, but The Independent’s travel editor, Simon Calder, assures that in-person airport currency exchanges often provide the worst rates. He says doing the exchange online and picking the cash up in person usually offers better deals, even from the same company.

The airports were surely following the general trading trend. Their low rates came as the pound fell to €1.1622 against the euro, the lowest it has been in three years.

Kane Ready for Champions League Challenges

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Harry Kane

Through his assessments of changing global markets, Antonios Antoniou is a recognized authority on investments, risk management, and financial economics. Outside his professional life, Antonios “Tony” Antoniou is an avid fan of London, England’s Tottenham Hotspur Football Club.

Harry Kane, a professional footballer who plays for Tottenham Hotspur, says he is excited about the challenge that lies in front of his team Champions League play this season. The team qualified for the Champions League by finishing third in the Premier League last year. It’s the first time Tottenham has qualified for Champions League play since 2010, when the team knocked off Inter Milan and AC Milan to reach the quarterfinals.

Kane believes his team can manage the competition level it will face this season, stating that enduring these challenges is the price of becoming a top team. Kane also said he is looking forward to the preparation, asserting that the club’s manager is very good at getting the team ready to play.