FT’s Business Book of the Year Award is sponsored by Schroders

Get the latest updates on Book awards for free!

Start your day with our myFT Daily Digest email, delivering the latest news on Book awards straight to your inbox.

Schroders, a global asset manager, has announced a new three-year partnership with the Financial Times to continue the renowned Business Book of the Year Award for another decade.

The prestigious award, offering a prize of £30,000, aims to recognize the book that provides the most compelling and enjoyable insights into contemporary business issues. Over 500 books have been submitted for this year’s award, and a longlist of 15 books will be unveiled on August 14. The first FT and Schroders Business Book of the Year Award will be presented on December 4 in London.

Schroders is only the third partner to join the award since its establishment in April 2005, following investment bank Goldman Sachs and consultancy McKinsey. The 2023 award will also receive support from media group Nikkei, which owns the Financial Times.

The panel of judges, led by FT editor Roula Khalaf, will include Peter Harrison, group chief executive of Schroders, and Daisuke Arakawa, Nikkei’s managing director for global business.

Peter Harrison commented, “We are proud to support a prize that showcases the sharpest and most visionary thinking in the fields of business, economics, environment, and society. The authors and their books inevitably grapple with many of the world’s biggest challenges – something that is fundamental to our role in managing clients’ money.”

Roula Khalaf added, “I am delighted to welcome Schroders as a partner…I am also grateful to Nikkei for their support in this year’s prize.”

The winner of last year’s book award was “Chip War” by Chris Miller, a highly topical analysis of the battle for global supremacy in semiconductor production. Previous winners include “This Is How They Tell Me the World Ends” by Nicole Perlroth in 2021, focusing on the cyber arms race, and “No Filter” by Sarah Frier in 2020, covering the rise of Instagram.

Roula Khalaf stated, “It has been a remarkable year for business books, and I look forward to reviewing the longlisted titles with our expert judges.” The panel will have until September to select the shortlist. In addition to the £30,000 prize for the winner, each shortlisted book will receive £10,000.

The other judges for this year’s award are Mimi Alemayehou, founder and managing partner at Semai Ventures; Mitchell Baker, chief executive of Mozilla Corporation; Herminia Ibarra, professor of organizational behavior at London Business School; James Kondo, chair of the International House of Japan; Randall Kroszner, professor of economics at the University of Chicago Booth School of Business; and Shriti Vadera, chair of Prudential and the Royal Shakespeare Company.

Since 2005, the FT award has longlisted 272 titles, shaping the preferences of business readers worldwide. A study published in the Journal of World Literature last year concluded that “although the FT award focuses on business, it has a much wider cultural impact influencing other fields, such as academia, global media, and literature. Moreover, the consistent quality of the longlisted books has created a canon of books about business that has literary value.”