2013-2014Press Coverage Highlights

2013

3/21/13 Master's of the universe (well, Earth) | Education | The Guardian

www.guardian.co.uk/education/2013/mar/05/masters-of-the-universe 1/3

CEMS graduates are ‘highly employable’.

It runs the most exclusive business master's programme in the worldand membership reflects a commitment to ethics, high standards andglobal citizenship.

CEMS, the Global Alliance in Management Education, grew out of theCommunity of European Management Schools and runs a student

Master's of the universe (well, Earth)

An exclusive global alliance of business schoolsoffers a postgraduate degree like no other, but youhave to be able to speak three languages to get in

Stephen HoareThe Guardian, Tuesday 5 March 2013

3/21/13 Master's of the universe (well, Earth) | Education | The Guardian

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exchange system among member institutions, as well as aprogramme of international conferences. Last year's graduationceremony, at the University of St Gallen in Switzerland, attractedmore than 3,000 graduands, their families and friends.

Students who apply to CEMS must already be studying a recognisedbusiness master's degree. The extra study they undertake throughCEMS will qualify them for an additional postgraduate qualification,the master's in international management (MIM).

Comprising more than 80 multinational employers and 28 of theworld's top business schools, the CEMS network spans Asia,Australasia, North and South America, and Europe. Only one schoolin each country is allowed to join the network, and in the UK CEMS isrepresented by the London School of Economics (LSE).

"If you have been accepted by CEMS, you will spend the first term ofyour second year at a CEMS school anywhere in the world," says DrEmma Soane, academic director for the MIM. "Only around 50 of our120 master's students are taken on by CEMS and there is greatcompetition to secure placements at their favourite schools. It's areciprocal exchange system, so if we send two students to the HongKong University of Science and Technology, for example, we mustmake arrangements to receive two of their students in return."

Major attraction

LSE has a 98% international cohort for its master's in managementand the fact that it is a CEMS business school is a major attraction."The kinds of students we see will have applied to three or fourCEMS-approved business schools. Being part of this exclusive clubputs us on a par with HEC in Paris, ESADE in Barcelona or RSM inthe Netherlands. To be accepted as a CEMS student, you have to betrilingual and most of our students tick this box. They are highlyemployable," says Soane.

7/15/13 B-Schools Are Speaking the Language of Business - Businessweek

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Bloomberg Businessweek

Business SchoolsBSchools Are Speaking the Language of Business

Posted by: Matt Symonds on July 01, 2013http://www.businessweek.com/articles/2013-07-01/b-schools-are-speaking-the-language-of-business

A guest post from Matt Symonds, chief editor of MBA50.com, a website dedicated to the world’s outstanding business schools. He is also director of Fortuna Admissions and co-author of ABC of Getting the MBA Admissions Edge.

A growing number of business schools seem to be taking the view that a degreeof fluency in at least one other major language is essential for the nextgeneration of corporate leaders, despite the fact that most of their internationalprograms are now conducted in English.

One of those committed to this trend is the Moore School of Business at the University of South Carolina. Its international MBA program puts students through intensive language training starting with a one-month introductory module, backed up by between four months and a full year of immersion overseas.

Options range from the “usual suspect” languages of Western Europe to altogether tougher—if arguably now more important—prospects such as Arabic or Mandarin. The idea is to enable graduates to operate comfortably in a business environment in at least one new language, but the school also actively encourages them to go the extra mile and acquire familiarity with a third or even fourth.

In Europe, every London Business School MBA student must achieve competency in one language other than English by graduation, while INSEAD requires candidates for the France and Singapore campuses to demonstrate at least a practical knowledge of another language before starting the program and a basic knowledge of a third language before graduating.

Of course, learning a language tends to be easier the younger you are, so we’realso seeing more and more “pre-experience” master’s programs with thismultinational, multicultural, multilingual approach. The CEMS alliance, forexample, embraces 28 schools around the globe and offers students theopportunity to study at up to three of them in its Master’s in Managementprogram. Perhaps not surprisingly then, the MIM students are able to operate inthree languages by the time they graduate.

7/15/13 B-Schools Are Speaking the Language of Business - Businessweek

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Brian Rolfes, global recruiting partner at management consulting firmMcKinsey, a CEMS corporate partner, says the effort to master a foreign tongueis worth it. “Understanding cultural nuances and having the ability to connectwith colleagues, clients, and the community in a truly personable manner setsour consultants apart,” he says. “Those skills come with language fluency.”

In a global business environment, they’re also skills that can make thedifference between a good performance and a truly great one.

Join the discussion on the Bloomberg Businessweek Business School Forum,visit us on Facebook, and follow @BWbschools on Twitter.

©2013 Bloomberg L.P. All Rights Reserved. Made in NYC

7/29/13 Top B-school alliances

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Top Bschool alliancesAuthor: Shilpa Vasudevan

Published Date: Jul 29, 2013 12:00 AMLast Updated: Jul 27, 2013 11:13 AM

Business institutes from across the world are collaborating to offer students globalperspectives, formidable alumni networks and distinguished faculty.

Business institutes from across the world are collaborating to offer students global perspectives, formidablealumni networks and distinguished faculty.

CEMS

The coming together of Lluis Pugés (then dean of ESADE Business School, Spain), Jean Paul Larçon (formerdean of HEC School of Management, Paris), Nicole de Fontaines, current general secretary, CEMS Head Office,and some corporates helped CEMS–The Global Alliance in Management Education take wings in 1988. Anonprofit, CEMS is sustained by membership fees and corporate sponsors. Twentyeight schools are part ofCEMS, where membership is by invitation only. “These schools are in target regions of economic importance inthe world. The only exception is USA. The institutes have proven that they are the best in the country foracademic reputation, boast excellent corporate contacts, are fit to run master’s in management programmes(MIM) and come with enough experience in running international academic programmes,” begins RolandSiegers, executive director, CEMS. “Once schools join CEMS, there are joint quality standards for selection,services and academic delivery, with joint quality assurance systems.”

Guide to MIMs

CEMS offers only MIM courses. “The complexity of running a 1,000student programme across 28 countries andfour continents with corporate engagement is extremely high. Also, we believe that MIM programmes have thegreatest growth potential, markets at least outside Europe are not saturated, and launching new programmesoffers good competitive advantage possibilities,” reasons Siegers.

Uniform syllabus

The structure of the MIM programme is common at all schools. Every student starts the year with a BlockSeminar — an intensive oneweek course on different subjects. Schools offer compulsory courses in strategyand crosscultural management (global management practice from this year) and they offer numerous electives.In Term II, all schools run business projects with participation of companies, where students work in small teamson consultancytype projects. Students also participate in skill trainings on topics like business communicationsand team building.

Selection process

The selection of students takes place locally at each school. “CEMS uses common selection criteria to find thebest candidates for the programme but partner schools are responsible for running the selection process,” saysSiegers. CEMS requires students to have knowledge of three languages — English, a CEMS language (thereare 25 choices) and a one of your choice.

The job front

CEMS assists you with jobs as well. “Corporate partners are very eager to offer international careeropportunities to CEMS graduates. Students have a range of opportunities to network with corporate partners.They also get to meet representatives of companies at a number of recruitment and social events. The highlightof this year is our annual Career Forum, an exclusive event for CEMS students, alumni (zerofour years aftergraduation) and CEMS Corporate Partners,” says Siegers. The Career Forum helps CEMS students to meet upwith 40+ international companies for prospective employment. For a list of CEMS events. visitwww.cems.org/eventsservices/annualevents.

On the anvil

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On their future plans, Siegers says, “We hope to grow the membership base in America, expand our brandreach and recognition especially in the corporate world, establish CEMS as the incontestable number oneaddress for top global MIM education and contribute to responsible global societal development by shapingmanagers of the future.”

While CEMS’ forte is MIM, it also runs CEMS Research and Doctoral Education Committee to strengthen thesharing of knowledge through faculty research, encouraging and fostering student and faculty mobility andrelations. “CEMS schools open their doctoral workshops/seminars/courses to PhD scholars. Attendance is onreciprocity and firstcome, firstserve basis. Students do not pay fees to attend the courses and can benefit fromlocal student services. In some cases, PhD scholars can also avail local scholarships,” she says. Details atwww.cems.org.

CEMS Schools

* Aalto University School of Business, Finland

* Copenhagen Business School, Denmark

* Corvinus University of Budapest, Hungary

* ESADE Business School, Spain

* Escola de Administração de Empresas de São PauloFGV, Brazil

* Graduate School of Management, St Petersburg State University, Russia

* HEC School of Management, France

* HKUST Business School, Hong Kong

* Indian Institute of ManagementCalcutta, India

* Ivey Business School, Canada

* Keio University, Japan

* Koç University Graduate School of Business, Turkey

* Louvain School of Management, Belgium

* National University of Singapore, Singapore

* Norwegian School of Economics, Norway

* Nova School of Business and Economics, Portugal

* Rotterdam School of Management, Erasmus University, Netherlands

* Stockholm School of Economics, Sweden

* The London School of Economics and Political Science, UK

* The University of Sydney Business School, Australia

* Tsinghua University School of Economics and Management, China

* UCD Michael Smurfit Graduate Business School, Ireland

* Universitá Bocconi, Italy

* University of Cologne, Germany

* University of Economics, Prague, Czech Republic

* University of St Gallen, Switzerland

* Vienna University of Economics and Business, Austria

* Warsaw School of Economics, Poland

OneMBA

Another renowned player in the executive MBA arena is OneMBA. Rotterdam School of Management (RSM),Erasmus University, Amsterdam, Tecnológico de Monterrey Graduate School of Business Administration and

7/29/13 Top B-school alliances

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Leadership aka EGADE Business School, Mexico, Chapel Hill’s KenanFlagler Business School, University ofNorth Carolina, USA, and Escola de Administração de Empresas de São Paulo da Fundação Getulio Vargasalias FGVEAESP, Brazil, formed the OneMBA alliance in 2002. “Our participants benefit from combinedstrengths of topranked OneMBA institutions. We engage on a daily basis with each other to monitor andfacilitate processes. Monthly virtual meetings and facetwoface meetings during the global residencies enablethe OneMBA executive committee’s global teamwork,” begins Saskia Treurniet, executive director, OneMBA,RSM.

Global residency

For four weeks, all participants gather at a particular location (the United States/ Europe/ Latin America/Asia) toexperience crosscultural learning. “The 100+ participants meet and engage with their global teammates withwhom they will continue to work on projects assigned in the OneMBA global courses once they return to theirhome locations. The global residencies are a unique opportunity to work and learn with and from their globalpeers — senior executives from around the world,” says Treurniet. The global residencies provide insight intolocal business practices versus the global business environment. Renowned academics, executives, policymakers, analysts as well as NGO representatives and government officials spend time with participants.

Projects and internships

As a participant, you will work in global teams on projects in the following areas: Leadership, operations,finance, marketing and strategy. “Each global course features a major assignment which requires teammembers to convert local projects from each of the regions into global perspectives. This works as an approachwhere global relevance and local sensitivity come together. With peers working around the world, and bringingin a rich diversity of cultures, expectations and experience, participants work in a unique environment wherethey share knowledge and enhance global business mindset. Managing cultural differences and logisticalissues are some of the takehomes here,” says Treurniet.

An important part of the curriculum is leadership development. “Participants will develop frameworks for guidingcritical reflection and personal and professional development. Selfmanagement and managing relationshipsare key elements in this process. Our executives work on an actionlearning change project, designed to addvalue to their core business,” she says. Details at www.onemba.org.

TRIUM

The TRIUM Global Executive MBA, an alliance between London School of Economics and Political Science,UK, New York University’s Stern School of Business, USA, and HEC School of Management, Paris, was startedin 2001 with an initial class of 28 students. It now enrols over 80 students annually. “A typical student is around39 years old with over 15 years’ work experience and are majorly Csuite corporate leaders, entrepreneurs, notforprofit executives, and other professionals,” begins Julia Marsh, executive director, TRIUM, LSE.

USP

What sets TRIUM apart from others? “TRIUM’s unique, international curriculum challenges entrepreneurialminded, seniorlevel executives to think and act within a dynamic socioeconomic and geopolitical context,where the next decade’s opportunities are emerging from today’s challenges,” says Marsh. She stresses on thefollowing: Their students live and work in more than 35 countries, classes are taught by faculty members from allthree partner schools, and TRIUM is the only executive MBA programme to integrate an international sociopolitical, economic dimension into its entire curriculum.

Tailormade for seniors

Marsh takes pride in The TRIUM curriculum being tailormade for seniorlevel international executiveparticipants. “The modules are designed and delivered by all three schools to build seamlessly upon oneanother, ensuring that the curriculum, which draws upon the special strengths of each school, is delivered in aunified and complementary way,” she says. Marsh adds that one of the major draws is the fact that their alumniget access to three diverse and powerful alumni networks in addition to TRIUM’s alumni network.

Faculty

TRIUM draws upon distinguished faculties of NYU Stern, LSE and HEC Paris. “All TRIUM modules are taught bytopranked faculty members, handpicked for the depth of their expertise in their respective fields. TRIUM facultyin addition to being excellent teachers, are actively engaged in the business life of their home cities, advisinglocal companies and, through their research, generating the knowledge that shapes international businesstheory and practice. TRIUMdedicated academic directors from all three universities ensure the seamlessintegration and intellectual cohesiveness of the programme,” says Marsh.

Programme delivery

The programme is delivered in six intensive classroom modules over a 17month period at the three allianceschools and also at guest module locations, which are carefully selected to incorporate global learning inemerging markets — Shanghai and Chennai. Topics of study include Business in the global political economy,

7/29/13 Top B-school alliances

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Global strategies and finance, Familiar concepts, New applications, The rise of China in the global marketplace,Marketing and corporate strategy, Competing and thriving in the 21st century and The challenges of leadership.

Capstone project

Capstone is at the heart of TRIUM, says Marsh. “For this project, our students are encouraged to leverageTRIUM resources, faculty, classmates and alumni to incubate an idea from inception to launch. Students formteams in the third module and start working on their business idea. They work closely with Capstone directorsand alumni on forming the business plan and have an opportunity to present them at the end of the programmeto an audience of business professionals and academics. A number of such projects have turned intobusinesses.” Details at www.triumemba.org.

Student testimonial Kalpana Sankar Class of 2012 and presently CEO, Hand in Hand

I chose TRIUM, as I wanted to enhance my skills to manage 3,000 people in different geographies andcountries more effectively. In addition to the programme package, the opportunity to learn in varied settings anddifferent countries was also a great experience. I met and learnt from the best faculty from across the world,preparing me well as a global citizen to encounter challenges in the current competitive environment. The threeschools I have been taught were very eventful in their own ways. LSE faculty helped us get a macro picture,gain valuable insights into globalisation, the functioning of WTO, IMF and bilateral institutions, an understandingof the struggles faced by emerging economies and the main casual factors for global recession. NYU Sternprovided training on basic accounting, financial management and corporate strategy. Studying at NYU was achallenging experience as we came across very experienced faculty. At HEC Paris, I learnt about branding,marketing, luxury products and valuation. Enjoying the scenic beauty and the river cruise along the Seine withall my classmates still remains an unforgettable experience!

The module in Shanghai was an eyeopener, especially for a person like me from India. I gained useful lessonson what India needs to do and why we are lagging behind China; the spirit of entrepreneurship and how Chinawas able to transform in the last three decades. I was happy that the India module was hosted in Chennai, myhome city.

— shilpa.vasudevan@newindianexpress.com

Copyright © 2012 The New Indian Express. All rights reserved.

8/30/2014 Passport To Business Education Beyond The United States - Forbes

http://www.forbes.com/sites/mattsymonds/2013/10/09/using-the-passport-business-education-beyond-the-50-states-and-dc/print/ 1/2

http://onforb.es/GGIFq4

LEADERSHIP 10/09/2013 @ 12:01PM 2,615 views

Passport To Business EducationBeyond The United States

Comment Now

Saïd Business School, Oxford: amodern interpretation of the"Dreaming Spires" of Oxford(Photo credit: Arenamontanus)

(MBA50.com) The US might have been the home ofmodern business education, but the idea of it holding amonopoly on the sector has long been assigned to thewaste basket of history. Find a continent (or even acountry) these days without a recognizable businessschool and you must be in line for some sort of prize.

So what is happening in business education outside theUS that sets it apart?

What is interesting in this year’s Forbes internationalMBA ranking is how schools in the establishedeconomies of the developed world continue to dominatethe market. Despite the ongoing problems of its economy, Spain, for example,still manages to field three schools in the top twenty, while Europe as a wholecontributes no less than nine to the top ten. Financial muscle and potentialmay be leaching out of the west to the south and east, according tocommentators, but new powerhouses such as India, mainland China and eventhe whole of Latin America can only manage one school each in the listing.

At first sight this may suggest that the appetite for formal business educationin the emerging nations is lagging behind, but nothing could be further fromthe truth. The next generation of professionals and managers is embracing thebusiness school experience enthusiastically, but is still boarding planes to doit. However, in many instances their mid to long term agenda has changed.Rather than look for a job in their alma mater’s home country, as used to bethe case, they are heading home again with their brand new qualification.Why? Simply because they perceive that this is where the real action, the realopportunity lies, not in the sluggish or ailing economies of the developedworld.

Given how much emphasis the Forbes ranking puts on return on investment,how do those who opt to study outside the US approach ROI?

While the cost of an MBA program at any of the listed schools can’t help butfocus candidates on future earnings, there’s no doubt that overseas schools,and particularly those in Europe, are trying to show that personal success andthe wider good are not mutually exclusive. For example, The Skoll Centre at

Matt Symonds Contributor

I cover business ed, MBA admissions, entrepreneurship and managementOpinions expressed by Forbes Contributors are their own.

8/30/2014 Passport To Business Education Beyond The United States - Forbes

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This article is available online at: http://onforb.es/GGIFq4 2014 Forbes.com LLC™ All Rights Reserved

Oxford University’s Saïd Business School is recognised as one of the leadinginternational evangelists for social entrepreneurship, INSEAD is a championof what it terms ‘impact investing’ and the MBA at IE Madrid has a heavysocial innovation emphasis. ROI, in such cases, may perhaps need to bemeasured in contribution to the well-being of society at large as much as thelevel of earnings several years after graduation.

Around the globe students appear confident enough in the value of formalbusiness education that they are willing to invest, not just in the conventionalMBA, but also in other forms of the b-school experience. Saïd’s 1+1 program isa prominent example of the joint approach which allows students to combinean MBA with a masters in a wide range of complementary areas, fromcriminology to computer science to biodiversity. And Europe is also seeing aboom in pre-experience master’s programs which bring candidates ontoschool campuses more or less straight from their first degrees. The CEMSMasters in International Management program, for example, originallyfounded by three schools in the Forbes ranking – SDA Bocconi, HEC Parisand ESADE (plus the University of Cologne) – now embraces nearly 30schools around the globe and over 1000 students every year.

So it seems that outside the US, despite the gloomy predictions of recent years,the MBA and the growing number of other business masters options are notjust surviving, but thriving. Reports of the death of business education havebeen greatly exaggerated.

The Best International 1-year MBA Programs

FTbusiness education

Report

Can students learnto be entrepreneurs?

Interview

The real deal:meetaGrouponhigh-flyer

Dean’s column

SirAlexFerguson’slessons in leadership

September 16 2013

Masters inmanagement ranking 2013www.ft.com/business-education/mim

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In a difficult job market, mastersin management (MiM) degreeshave proved a popular alternativeto MBAs among students wholack experience and want to

make themselves more employable.MiM programmes are indeed

popular with employers, who areeager for young, bright recruitsthey can shape and develop. So saysFrank Mattern, managing partner ofconsulting firm McKinsey’s Germanoffice, which will recruit around 240new consultants this year.

“These programmes offer a veryvaluable add-on to a bachelorsdegree,” adds Mattern. “They providemanagement knowhow for studentswith strong analytical skills. Thecombination of a previous degree inengineering or physical science with aMiM can be very attractive.”

Along with Axel Springer, Bosch,Deutsche Post, Eon and Siemens,McKinsey is one of the recruiters thathave promised internships of up tosix months for students enrolling ona 22-month, ¤25,000 MiM at ESMTin Berlin that will begin in September2014. Students will spend at least fourmonths abroad, two months on a team-

based field project andhave the option to

spend anotherfour monthsworking onappliedresearchwithsupporting

companies.MiMs

have typicallybeen more

classroom based

than MBAs, but schools and employersare keen that the contact time withcompanies is increased.

“The link between theory andpractical experience obtained in aleading international firm is veryuseful,” says Mattern.

Consulting firms are big recruitersof MiM graduates. AtLondon Business School,40 per cent of last year’s144 MiM graduateshave taken up roles inconsulting. A third wentinto finance, while 28 percent are working for othercorporates, with media andentertainment the mostpopular destinations. Thebest-paid graduate from

the one-year, £25,700 MiM earned£69,000. The average salary was£33,000, 74 per cent higher than thetypical UK graduate.

For now, employers tend to treat theMiM and MBA talent pools as distinctmarkets. MiM graduateshave a strong reputationwith companies thatrun graduate trainingprogrammes, or banksand consultancieslooking for analyst-levelrecruits. Hiring of MBAgraduates tends to bemore individual, withrecruiters seeking to fill aspecific job.

HEC Paris recentlywelcomed the Frencharm of McKinsey to its campus. “Theyhave hired full-time MBAs, part-time MBAs, masters in finance andMiM graduates because they havedifferent needs at any given momentin time,” says Eloïc Peyrache, associatedean of HEC’s two-year, ¤24,000MiM, who says half of his graduatesgo into finance and consulting. Theprogramme includes 30 weeks ofinternships and nine months of

Just the job

38

Employerswant graduateswhoare aremobile,motivated and canbemoulded. By IanWylie

specialisation from a range of 30disciplines.

Peyrache says recruiters like MiMgraduates because they are young, likelyto be more internationally mobile andmore able to work hard, learn fast andtake risks.

Eric Waarts is dean of educationat Rotterdam School of Managementin the Netherlands, which offersan 18-month MSc in InternationalManagement with the Cems globalnetwork of 28 business schools (fees forall pre-experience MSc programmesare ¤1,835 per year). He also sees agrowing demand for MiM programmesto deliver depth as well as breadth.“Our MiM graduates are good analysts,managers, project leaders and, thanksto the Cems network, can work withdifferent cultures and diversities. Butwe also hear students say they wouldlike to have a specialisation to showmanagers they have a profile in finance,marketing or strategy.”

Many employers are willing to tradeoff MiM graduates’ lackof experience for theiryouthful enthusiasm,says Simon Evenett, whoteaches on both MiMand MBA programmesat the University of StGallen in Switzerland.“The companies wholike MiMs are those whowant employees whoare really motivatedand keen on businessbut young enough to be

moulded by them and embrace theircorporate values,” he says. “But becausethey are investing more upfront in theseyoung, inexperienced MiM graduates,employers may expect them to stickaround for longer.”

The St Gallen Masters in Strategyand International Management is an18-month programme that includes amandatory international internship andcosts SFr6,378 ($6,827). According to

‘The linkbetweentheory andpracticalexperienceis veryuseful’

FrankMattern:MiMsoffer a

valuable add-onto a bachelors

degree

40%of last year’sLondonBusinessSchoolmastersinmanagementgraduateshave takenjobs in consulting

39

AndreaCastronovo, Cemsalumnusandpresident of carmaker BMWfor central andeasternEurope,

was oneof the first graduates of theCemsglobal allianceof business schools in 1990,studying at Bocconi andHECParis duringhisMiM.Having studied internationaleconomics, he chose theCemsMiM toaddabusiness perspective.

“Itwasalsoauniqueoffer inEuropeat that time: adegree recognised inallEuropeancountries, fullyoperationalin three languagesandalsoofferinganinternship,” he says. “It offeredauniquecurriculumandalsobusinessexperience –therewasnoopportunity toget internshipsin Italy in the sameway.”

Oneof themost important thingshegainedwas “intercultural awareness”and theability toworkwithpeople fromdifferentbackgrounds. “Thereare lotsofinternationalprogrammesnow,but in 1990thiswasnewandexciting, comingoutof avisionof a strongerEurope,” headds.

When recruiting graduates toworkin adivision spanning 12 countries fromPoland toMalta, he looks for “agility”and the ability to adapt to unfamiliarcontexts. “Themarkets thatwemanageare totally diverse andyouhave to beable to acknowledge thedifference, gostraight to thepoint, respect the cultureand tradition… and then try to figure outtheBMWwayof doing business there.Weare immersed in amulticulturalenvironment.” IW

Fast track FromMiM toBMW

Prof Evenett, graduates receive three joboffers on average. “The academic rigourof our course appeals to employers whorealise that, in general, young people’sattention spans are becoming shorterand their ability to concentrate andabsorb multiple-step arguments is notwhat it was,” he says. “But employersstill need graduates who are numerate,literate and able to solve problems.”

Pedal to themetal: BMW’sAndreaCastronovowas oneofthe first Cemsgraduates in 1990

Photo:tystange

hopes & fearsTherese espenhain

Waltzing beneath the chandeliers of thehofburg palace in Vienna. analysingeurope’s asset management marketfor a consultancy in Milan. organisinga student conference in Copenhagen.

Mingling with recruiters frommultinationals inBudapest. Doing an internship in Kuala Lumpur. theremight appear to be no connection, but one exists: thesewere some of my experiences as a Cems student.

Cems is a global alliance of leading business schools,multinationals and non-governmental organisations thatoffers a masters degree in international management.the programme includes an exchange, an internationalinternship, a business project with corporations andcourses with international elements,but Cems is more than that.

the international exposure andthe exploration of other culturesintrigued me when I first heard ofCems during my bachelor studies atCopenhagen Business school (CBs) inDenmark. I had previously encounteredinternational environments through myhigh school diploma, the internationalbaccalaureate. Back then, my appetitefor exploring other cultures had alreadyled me to leave the traditional path fora more international one. Being Danishand brought up in Denmark, I was the

odd one out in my class, but I thrived in an environmentof mixed nationalities. I found that being in aninternational environment encouraged me to view thingsfrom different perspectives and question my perceptions.It also taught me awareness of different cultures.

nonetheless, I chose CBs for my bachelor’s degree.CBs offers free tuition, has many international studentsand exchange programmes and high-quality teaching.the fact that it was part of the Cems alliance providedwelcome opportunities for exposure to the internationalenvironment I had cherished at school.

From the time I was accepted by Cems until Igraduated, I more or less lived out of a suitcase. It oftenfelt like I was taking a degree in time managementwith the goal of squeezing as many activities, trips andseminars as possible into the calendar, rather than abusiness degree. I had six addresses in four countrieswithin two years, as well as countless stay-overs at friends’homes and in hotels. By graduation I had attendedcourses in Copenhagen, Milan and Dublin and worked in

germany, Denmark and Malaysia.Cems offers a bridge to the corporate

world via business projects, careers fairsand highly involved business partners.Workshops held by companies helpedmesee the world from a corporate perspectiveand learn skills not typically found on auniversity curriculum, such as interviewingand business communications. these haveproved invaluable in my professional life.

Personally, I made friends for lifeand built an incredible network. I have

been part of a community in which students work hard,but are also very sociable. I spent many days workingintensely in teams on topics such as valuation modelsand globalisation strategies, followed by an entire nightof dining and socialising. My classmates were driven,inspiring people, with a love of getting the most out of life– but each has a very different profile, background andgoals, giving the community a unique atmosphere.

Finally, the supranational character of the alliancecreates an internationally recognised degree. It has givenmy educational profile a solid international foundationwith a “glocal” touch – a balance of globally acknowledgeddegrees and local Danish diplomas.

Looking back on my time as a business student, ithas been hectic, challenging, even frustrating, but alsorewarding, educational and inspiring. Fortunately, Cemsis a lifetime “club”. I know that no matter where my workor travels take me, I will be able to draw on the network,skills and friends I have gained.

Amoving experience

ft.com/BUSineSSedUcation

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From the timeI was acceptedby Cems untilI graduated,I lived out ofa suitcase

How a globetrotting degree gave one Danish student a truly international business education

Around the worldThereseEspenhain is astrategist atDongEnergy, anorthEuropeanenergygroup.Broughtup inDenmark, shehas anMSc in economicsandbusiness administrationfromCopenhagenBusinessSchool andaCemsmastersin internationalmanagementfromCBSandBocconiuniversity inMilan.

8/30/2014 Master in Management’s popularity rises in the east - FT.com

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Master in Management’s popularity rises in the eastBy Roland Siegers

The qualification threatens the authority of the MBA as the business world’s pre-eminent degree

ntil 2008 the world of business education was a relatively simple one. The one leading economic and political superpower hadits MBA and the main players in that field were the benchmark for everyone else. Attitudes towards programme design,

teaching methods, cohort composition and pricing policy were largely borrowed from the US model.

Five years on, with the US in political turmoil, European economies’ continued stagnation and dwindling MBA applications, theincreasing international prominence of the Asia Pacific nations points to a shift in the global business education landscape.

Bolstered by increasing confidence and a genuine sense of purpose, business schools in Beijing, Shanghai, Hong Kong, Singapore,Taipei and other Asian powerhouses are taking a fresh look at what their potential customers really want and what best satisfies thatdemand.

Recruiters across the world are desperate for globally minded talent with a desire to prove themselves in Asia, but find that thebachelors graduate is not sufficiently trained or mature enough, while MBAs are difficult to attract and too expensive – average Asiansalaries are still way below those of the west.

Bridging the gap between an undergraduate degree and the MBA is the pre-experience Masters in Management degree, aqualification that is becoming increasingly popular in the east.

Recently, top Asian schools such as National University of Singapore and Hong Kong University of Science and Technology havelaunched pre-experience degrees or turned their research-oriented domestic MScs into professionally oriented English language-taught MiMs, such as the one offered by Tsinghua University in Beijing. This represents a refreshing openness to exploring whatbright and ambitious bachelors graduates believe will give them the competitive edge in the global war for talent – rather thanfollowing the established model.

Last year’s statistics from the Graduate Management Admission Council showed that GraduateManagement Admission Test scores sent to masters programmes accounted for more than a quarter ofapplications in Asia, a figure that has risen steadily year-on-year since 2008. And in western Europe, thetraditional stamping ground for the MiM, that figure is 46 per cent – almost double what it was fiveyears ago. In the US however, the figure sits stubbornly at 16 per cent – a 1 percentage point drop on lastyear and only a small increase on the figure from five years ago. It is clear that schools in the US arefinding it difficult to move away from their cherished MBA-centric model.

Lower tuition fees, typically closer to that of an average bachelors degree, is clearly one advantage theMiM has over the MBA. Globally, students are worried about the prospect of funding their businesseducation and whether they will be able to settle the debt. Starting salaries for a first job may not yetdecisively differ for those individuals with a MiM and those with a bachelors degree, but the additionalknowledge, networks and personal maturity will see MiM graduates better equipped to accelerate theircareers from a standing start.

In some emergent economies it is common for families to invest their savings to ensure the best and brightest members get a top-class education – combine that with a lesser regard in these regions for the MBA and it is easy to see how the MiM makes a lot moresense to many.

But money is not the only factor. It can be argued that the teaching found on MiM programmes lends itself better to the future modelof graduate employment – regardless of an individual’s location. When a student’s prime objective for taking a business degree goesbeyond the immediate desire for a higher salary and more responsibility at work, teaching in innovative ways and covering less thantraditional topics becomes less of a risk for schools.

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Teaching faculty coming new to the MiM are often refreshed by the creativity of MiMs and some try out their latest research thinkingin class. Having few to no points of reference, MiM curricula can include both local flavour and hard-edged regional expertise,ultimately moving a step away from a western-influenced standardised curricula. Thus MiM students are receptive to different ideasand different career paths. Because of this flexibility, they often prove ideal candidates for companies’ graduate trainee programmes.

Of course many young graduates will still go for the promising job offer straight after their undergraduate degree and many morewill come to a point five years into their professional life where the MBA will still prove to be just what they need.

But it is clear that the MiM presents a real threat to the authority of the MBA as the business world’s pre-eminent degree. Asia hasstarted to develop a taste for the MiM. In a future where top business schools will increasingly compete on a global scale, the call ofthe Masters in Management will not remain unheard by the legions of bright and mobile youth who value flexibility above anythingelse – a flexibility threatened by that six-digit MBA loan.

The author is executive director of CEMS – the Global Alliance in Management Education.

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2014

01/13/2014 Appeal of master’s in management for current business school applicants | Education Post

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educationpost.com.hkhttp://www.educationpost.com.hk/resources/mba/131211expertappealmastermanagementcurrentbusinessschoolapplicants

Appeal of master’s in management for current businessschool applicants

Is the landscape of global business education shifting? Though the number of students taking theGraduate Management Admission Test (GMAT) is increasing, the demand for MBA programmes seems tobe losing pace, with many schools reporting a decrease in applications in comparison to previous years.

The profile of testtakers in Asia in particular has changed significantly in the last five years. Instead ofbusiness professionals with at least four or five years’ experience, many of today’s testtakers are muchyounger and have little or no professional experience. However, it’s not the traditional MBA they’re after;instead, they’re part of a growing movement of younger students who have opted to pursue Master’s inManagement (MiM) programmes.

The preexperience master’s is not a new concept, but it’s only in recent years that interest in theseprogrammes has escalated to the extent that it has eclipsed that of the MBA in many locations around theworld. According to the Graduate Management Admission Council, Asia has witnessed one of the mostdramatic changes, with 43 per cent of GMAT takers applying to master’s programmes last year – up fromjust 25 per cent in 2008. In China, only 35 per cent of candidates applied to MBA programmes in 2012.

But what is the appeal of these programmes to the current generation of business school applicants, andwhat can they stand to gain from them that an MBA would not provide?

The first and perhaps most obvious pull of a preexperience master’s programme is the cost. Many oneyear MiM programmes are priced in a range from HK$150,000 to HK$265,000, which is significantly lowerthan the price tag on most MBA programmes, particularly twoyear programmes. The opportunity cost offoregoing 12 months of salary in the early stage of your career is also considerably lower.

Roland Siegers, executive director of the CEMS global alliance – a 29school partnership which provides amaster’s in international management – believes that a greater focus on the return on investment of suchprogrammes is contributing to growing demand.

“We are at a turning point where the MBA markets are saturated and the value proposition is questioned,especially in locations where average salaries are lower than elsewhere,” he says. “Because of this,master’s programmes are probably very attractive to Asian families, who may want to see a quicker returnon investment on education than having to wait to do the MBA.”

CEMS currently has five partner schools in Asia – two of which are in China. Tsinghua University joined thealliance in 2011, closely followed by HKUST, which welcomed the first cohort of CEMS students in Augustthis year. Since its launch 25 years ago, the CEMS MIM now includes 1,053 students from 67 countries,making it bigger than the MBA programmes at the likes of Harvard Business School and INSEAD.

If current economic pressures and an unstable job market are making it easier for students to extend theireducation straight out of their undergraduate studies, this new trend is also being supported by employers.In their efforts to become internationally competitive, many businesses are increasingly looking to hire preexperience graduates with a good knowledge of international business practices and the ability to operatein a range of markets and industries. For others, the combination of management knowhow with stronganalytical skills from a previous degree in engineering or technology is very attractive.

01/13/2014 Appeal of master’s in management for current business school applicants | Education Post

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The first and perhaps most obvious pull of a preexperience master’s programme is thecost

This is the case for the newlylaunched MiM at one of Germany's leading business schools, ESMT inBerlin. Designed for students with degrees in science, technology, engineering, or mathematics, theprogramme has attracted the support of companies that include McKinsey, Bosch and Siemens, who havepromised internships of up to six months for students on the course beginning in September 2014.Students will spend at least four months abroad and two months on a teambased field project, and thenhave the option to spend another four months working on applied research with supporting companies.

Other schools have created specialised master’s programmes which train graduates to work in a particularindustry. For example, EMLYON in France offers a specialised master’s in sports and outdoor industrymanagement, designed not only to educate students about the sports industry, but also to allow them togain a working knowledge of it by involving them in each stage of design, production and marketing. Theschool has partnered with leading brands such as Salomon, North Face and Rip Curl to design the course.Students learn the fundamentals of management at EMLYON, and then move to the French Alps for fivemonths of specialisation and internships before completing the course at the school’s Shanghai campus.The MSc in luxury management follows a similar structure, partnering with the likes of LVMH, Cartier andHermès.

“Companies that operate within these highly competitive, international environments need managers whocan adapt their knowledge to the particular nuances of their markets,” explains Patrice Houdayer, vicepresident of EMLYON's graduate programmes. “The expansion of the leisure and luxury sectors into Asiachallenges their core brand strategies, whether that’s for a hotel chain, a fashion house or a manufacturerof sports gear. So recruiters are looking for talented graduates who have worked or studied in differentregions of the world, to help them better understand customer expectations and cultural norms.”

An international perspective is also at the heart of the CEMS master’s in international management. Theprogramme requires students to study at least one other partner institution around the world, enablingthem to experience foreign cultures and build their language abilities. Though English continues todominate international business, more employers are looking for recruits who speak several languagesand can work effectively across different cultures. CEMS graduates speak an average of three languagesat graduation. Brian Rolfes, global recruiting partner at McKinsey, says such skills are essential for all oftheir graduate recruits. “Understanding cultural nuances and having the ability to connect with colleagues,clients, and the community in a truly personable manner is what sets our consultants apart. Those skillsonly come with language fluency,” he says.

But to the business world in general, the master’s in management programme is a key tool for helpingambitious professionals secure that first step in international business management, setting them apartfrom the crowd, particularly in countries such as China, where a skills gap between emerging talent andprofessional skilled workers still exists.

Tony Goodwin, CEO of global managerial and professional recruiter Antal International, which has officesin Beijing and Shanghai, says: “It is not surprising that young Chinese professionals are heading for formalbusiness education at an earlier age. What is still very much needed in China is training that will producetruly international managers. These preexperience master’s programmes are definitely helping to plugthe gap.”

8/30/2014 El auge de los programas MiM | MBA & Educación Ejecutiva - AméricaEconomía

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Sabado 30 de Agosto de 2014 Registro Newsletter Publicidad Atención Online

El auge de los programas MiMPor Matt Symonds, editor general de MBA50.com y co-autor del bestseller "Getting the M.B.A. Admissions Edge", una guía de admisiones patrocinadapor Goldman Sachs y McKinsey.Autor: Matt Symonds

18/02/2014

¿Está cambiando el panorama de los cursos de posgrado de dirección de empresas multinacionales? Aunque ha aumentado el número de matriculados en el GMAT -Graduate Management Admission Test, examen deadmisión para estudios de posgrado en Gerencia-, la demanda de programas MBA ha perdido fuelle en los últimos años y muchas escuelas han informado de un descenso de solicitudes.

Asimismo, el perfil de los examinados ha variado considerablemente de cinco años para acá. En lugar de profesionales con al menos cuatro o cinco años de experiencia laboral, los que se presentan ahora al examenson mucho más jóvenes y cuentan con escaso bagaje laboral, si es que lo tienen. No obstante, estos alumnos no persiguen el MBA tradicional, sino que forman parte de un movimiento en expansión de jóvenesestudiantes que se decantan por el Master in Management (MiM).

Aunque el concepto máster sin experiencia laboral previa no es nuevo, en los últimos años se ha disparado el interés en estos programas hasta tal punto que han eclipsado al MBA en numerosos países delmundo. Según el Graduate Management Admission Council, Europa y Asia han sufrido los cambios más drásticos —en Europa, el 44% de los alumnos del GMAT solicitaron un programa de máster el añopasado, un fuerte incremento respecto al 23% de 2008. Esta tendencia empieza a acentuarse ahora en Latinoamérica, donde las solicitudes de MBA están cediendo terreno a los cursos de máster.

Pero ¿por qué le atrae tanto estos programas a la actual generación de estudiantes de Management? ¿Y qué beneficios les reportan que no les proporciona un MBA? El primer atractivo, y quizá el más obvio, de cursarun máster sin experiencia previa radica en el costo. Muchos programas MiM de un año cuestan entre 30.000 y 80.000 dólares (alrededor de 22.000 a 60.000 euros), un precio considerablemente inferior a la mayoríade los programas MBA, en especial, a los de dos años. De igual modo, el costo de oportunidad de renunciar a 12 meses de salario en los inicios de la carrera profesional también resulta notablemente inferior.

Roland Siegers es el director general de la CEMS —una red global constituida por 28 instituciones, incluida la brasileña Escola de Administração de Empresas de São Paulo (FGV-EAESP), que se anexionó en 2008.Estas escuelas ofrecen de forma conjunta un Master in International Management (MIM).

Siegers considera que haberle dado prioridad al rendimiento de la inversión de los programas MIM, sobre todo en países con economías en rápida expansión como Brasil, ha contribuido a multiplicar la demanda.

"Nos hallamos en un punto de inflexión donde los mercados de MBA están saturados y se cuestiona la propuesta de valor, sobre todo en aquellos países con salarios medios más bajos", afirma el director. Yconcluye: "La propuesta de valor de un grado respaldado por un máster quizá resulte muy atractiva para las familias latinoamericanas, ya que desean ver un rendimiento más rápido del dinero que han invertido eneducación en lugar de esperar para cursar un MBA".

La alianza CEMS se fundó hace 25 años con la colaboración de cuatro centros académicos europeos. Hoy día, sus 28 instituciones reciben a más de un millar de alumnos cada año procedentes de 67 países, superandoasí a programas MBA de escuelas tan prestigiosas como la Harvard Business School o INSEAD.

Si las actuales presiones económicas y un mercado laboral inestable facilitan que los alumnos continúen formándose recién acabada la carrera universitaria, esta nueva tendencia cuenta también con el favor de losempresarios. En su esfuerzo por ser competitivos en un marco internacional, muchas empresas, no solo las multinacionales, prefieren contratar a licenciados sin experiencia previa, pero con buenconocimiento de las prácticas comerciales internacionales y con capacidad de desenvolverse en distintos mercados y sectores.

Como respuesta, numerosas escuelas han diseñado programas de máster especializados en un sector determinado. Como ejemplo, la mexicana EGADE ofrece programas de máster adaptados a sectores como lasfinanzas, la gestión de producción y el marketing, que combinan los conocimientos técnicos en materia de gerencia con formación enfocada específicamente en ese sector.

En Europa, las instituciones han ido un poco más lejos: han desarrollado programas de máster que no se limitan a formar a los estudiantes para un trabajo en concreto, sino que también los conecta con empresaspotenciales mediante unas prácticas. El programa MiM, puesto recientemente en marcha en la ESMT berlinesa, una de las escuelas de negocios más prestigiosas de Alemania, está pensado para licenciados enCiencias, Tecnología, Ingeniería o Matemáticas. Con el apoyo de empresas como McKinsey, Bosch y Siemens, los alumnos tienen la oportunidad de completar un período de prácticas de hasta seis meses, además depasar un mínimo de cuatro meses en otro país, dos meses en un proyecto de campo en equipo y otros cuatro meses optativos trabajando en investigación aplicada con una empresa colaboradora.

Menos tradicional, la EMLYON gala ofrece un máster especializado en Gestión del Deporte y el Entretenimiento que, con el apoyo de varias marcas deportivas punteras como Salomon, North Face y Rip Curl,además de enseñar los entresijos de la industria del deporte, también permite adquirir conocimientos laborales, ya que los alumnos se involucran en cada una de las fases de diseño, producción y marketing. Losparticipantes aprenden los fundamentos de la gestión en las instalaciones de la EMLYON, después viajan a los Alpes franceses durante cinco meses de especialización y prácticas y completan el curso en el campusque la escuela tiene en Shanghái.

"Las empresas que funcionan en el marco de estos entornos internacionales altamente competitivos necesitan directores y gerentes que adapten sus conocimientos a la idiosincrasia de cada mercado", explica PatriceHoudayer, vicepresidente de los programas de máster de la EMLYON.

El Master in International Management de la CEMS también tiene una visión internacional, pues exige que los alumnos estudien al menos en una institución asociada extranjera. Así, los matriculados en la FGVbrasileña conocen otras culturas, mientras que los estudiantes de otros países hacen lo propio en Brasil. Este requisito les ayuda asimismo a perfeccionar su dominio de la lengua extranjera.

Aunque el inglés continúa dominando los negocios internacionales, la influencia de las economías emergentes en los mercados globales ha propiciado que cada vez más empresarios prefieran contratar a quieneshablan varios idiomas y pueden trabajar con soltura en el seno de otras culturas. Teniendo esto en cuenta, la CEMS garantiza que al completar el programa, sus alumnos hablan una media de tres idiomas.Brian Rolfes, socio de contratación mundial de McKinsey, afirma que tales destrezas se antojan esenciales en todos los universitarios. Y argumenta: "Comprender los matices culturales y tener la capacidad de conectarcon los compañeros, los clientes y la comunidad de un modo afable es lo que distingue a nuestros asesores. Y esa habilidad solo se adquiere hablando el idioma con fluidez".

A pesar del último informe del GMAC que señala que el descenso en las solicitudes de MBA empieza a estabilizarse, nada indica que se esté perdiendo interés en los programas MiM. Parece que, tanto paraempresarios como para jóvenes profesionales por igual, el programa MiM supone una herramienta clave para que las personas con ambición se destaquen del resto y entren con pie firme en la dirección yadministración de empresas multinacionales.

By Lana MatafonovT H E S T. P E T E R S B U RG T I M E S

With the effects of globalization creating a volatile and ever-changing business en-vironment, it’s no surprise that this in turn has affected business education, in terms of both the value and popularity of certain qualifications. While the Master of Business Administration, or MBA, still remains the most recognized man-agement credential, the number of stu-dents applying for the program has fallen in recent years in favor of a more acces-sible and affordable option — the Mas-ters in Management, or MiM, degree.

The recent surge in popularity for the MiM is especially evident in Europe. From the number of students who sat the Graduate Management Admissions Test, or GMAT, last year, 44 percent ap-plied to MiM programs — an upswing of 23 percent from 2008. In Russia, growth last year was just as significant with 32 percent of GMAT applicants looking to complete a MiM — up from 17 percent in 2008.

Roland Siegers, executive director of CEMS, a global alliance in management education that runs its own MiM pro-grams around the world, is not surprised by the figures. He believes that the MiM is on track to replace the MBA as the management degree of choice.

“Beyond excellent grades and proven intellectual capacities, which remain a must, employers are increasingly look-ing for emotional intelligence and social leadership potential,” he said, speaking to The St. Petersburg Times.

“The MiM’s young graduates are in-creasingly being seen as an asset as they are not only university-trained general-ists in management but are more willing to accept change and better deal with the evolving business market.”

The major difference between the two programs is the entry requirements. The MiM is immediately available to

Bachelor graduates with little or no work experience whereas the MBA can only be undertaken after at least five to six years of experience. There is also a substantial difference in cost. The MiM is similarly priced to a Bachelor’s pro-gram whereas an MBA can cost up to twice that amount.

“MBA’s are relatively expensive and to pay your tuition debt you will need to aim for middle to higher management positions, which are by nature limited,” said Siegers.

“MiMs are much cheaper in com-parison. Additionally, they answer the immediate need to differentiate one-self from other job candidates and pro-vide a quicker ‘return on investment’ to those families in emerging markets that have pooled their resources to support the education of one ‘family champion,’” he said.

Founded in 1988, CEMS run a 28-school global partnership to deliver its MiM program, which includes the Grad-uate School of Management, or GSOM, at St. Petersburg State University. The university currently has 40 students graduating from its MiM program every year, each having had the opportunity to study abroad.

“There are a number of additional components to the curriculum, such as the requirement to learn a second lan-guage, skills seminars, business projects and an international internship which all make the program very interesting and valuable,” said Anton Remnyov, a cur-rent GSOM MiM student.

“I completed my summer internship at an IT company working in the area of safe and smart city solutions in Berlin, Germany,” said Remnyov. “As we were assigned tasks that required managerial

knowledge and skills, including team-work, and analytical and communication skills that we’d all gained on CEMS MiM projects, the results of the intern-ship were beneficial for both students and the company.”

“The MiM is providing me with very similar skills and knowledge as an MBA program would. That is why, most probably, I will not need to com-plete an MBA program in the future,” he added.

Anna Rogozina, another GSOM MiM student, also completed an over-seas internship last summer. She was required to apply for positions in several companies which allowed her to experi-ence firsthand the attitude employers have towards the MiM . “Overall, the reaction from employers to the MiM was positive. I had the impression that students and recent graduates of this

program are highly valued and are per-ceived as young professionals who pos-sess a sufficient set of skills to start their career,” she said.

According to Siegers, it’s this type of opportunity for overseas study and ex-posure to other business cultures that makes the program especially appealing for Russian graduates.

“This was one of the reasons why the MiM was a success right from the start in Russia — this generation of students want to gain international experience. The CEMS MiM guarantees not only that, but is also a seal of quality and

[proof of] company interaction,“ he said. However, he added that Russian stu-dents face additional barriers compared to their European colleagues.

“The peculiarities of the Russian job market do make a difference in career prospects and choices,” he said.

According to Siegers, visa restric-tions make it hard for Russian graduates to get jobs, and even internships, in the EU.

“On the opportunities side, manage-ment salaries and career prospects are currently so good in Russia that ‘domes-tic’ careers look very attractive,” said Siegers, before adding that most stu-dents typically secure jobs before they graduate, many with CEMS Corporate Partners.

Having joined the CEMS network in 2008, GMOS will also get a chance to showcase both the best of its program as well as the city when it hosts the CEMS Annual Events, a yearly gathering which brings together the entire CEMS com-munity, and sees the graduation of up to 1,000 CEMS students.

“We believe that the November 2015 CEMS Annual Events at GSOM will be an excellent opportunity to showcase Russia’s increased prestige and reputation in management educa-tion,” said Siegers.

EducationSpecial www.sptimes.ru | Wednesday, February 26, 2014 10

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A Masters in Management offers a fast track to business success for those unable or unwilling to pursue an MBA.

‘Employers are increasingly looking for emotional intelligence and social leadership potential.’

MiM Offers an Alternative for the Ambitious

T H E S T. P E T E R S B U RG T I M E S

Sixty-nine educational institutions have had their licenses revoked, fol-lowing an investigation by the Fed-eral Inspection Service for Educa-tion and Science and the Prosecutor General’s Office.

“In total, 69 licensed educational organizations have been struck off the register. Among them are: the Institute for Socio-Economic De-velopment, the Stavropol Institute of Economics, the International Academy of Education, and numer-ous branches of the Modern Uni-versity for the Humanities,” a state-ment posted on the inspection ser-vice’s website said.

Since Sept. 1, six independent universities, 17 branches of state universities and 44 branches of pri-vate educational institutions have been excluded from the register.

The announcement about revo-cations came a day after Prime Min-ister Dmitry Medvedev signed a

measure changing the way the in-spection service will handle viola-tions from educational organiza-tions, like admitting students who have not taken the Unified State Exam.

The decree allows the service to automatically terminate the licenses of organizations who are found in vio-lation if the decision is supported by a court and the educational institution does not correct its problems, re-ported Rossiiskaya Gazeta.

The state of Russian higher edu-cation has recently been criticized for poor placements in the latest worldwide university rankings.

The Modern University for the Humanities, headquartered in Mos-cow, said that none of its branches have been closed by the inspection service. A statement said that the branches’ licenses were revoked au-tomatically due to a lack of neces-sity, given the university’s use of distance educational technologies.

Licenses of 69 Education Institutions Revoked

Chances for studying overseas and exposure to other business cultures are part of the program’s appeal.

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4/28/2014 Double-degree edge to IIM-Calcutta students - The Times of India

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KOLKATA: To give an edge to its students in today's world of fierce competition, the Indian Institute ofManagement, Calcutta (IIM-C) has started tying up with global majors in business education fordouble degree partnerships.

From this year, the institute will send students to selected B-schools in Europe, where they will spend anequal number of terms of study as they will on the Joka campus. At the time of graduation, the studentswill have two separate management degrees - one from IIM-C and the other from the foreign institute.While this year, the number of such students will be restricted to 15-16, the institute is trying to expandits partnerships so that more students can be offered the opportunity in future.

A double degree is quite novel and different from a 'dual degree'. In case of the latter, a studentprimarily belongs to one institute and spends a small amount of time working in a foreign partneruniversity. The work done abroad is acknowledged in the form of credits that the mother institution

acknowledges.

"In a double degree, the selected student will get a master's degree from IIM-C and another from the foreign B-school. He bags two separatecertificates. Naturally, a separate degree from the ESCP Paris B-school would catapult the student to greater heights in the job market," explained IIM-C dean of academic affairs, Anindya Sen.

IIM-C recently adopted a global outlook as a matter of policy to get better international ranking and got itself accredited by AACSB and Amba - two ofthe most prestigious accreditation agencies in the world. The move to introduce the concept of double degree is being seen as a continuation of thatglobal outlook. Sister IIMs, Ahmedabad and Bangalore, have also got foreign accreditation recently, but are apparently yet to start the double-degreeprogramme.

Apart from ESCP Paris, IIM-C has also moved into the prestigious CEMS club, which is a conglomeration of 28 European B-schools. This entails theinstitute to start double-degree partnerships with them and tie-ups with 15 such B-schools have already happened, where select students will be placedthis year.

"The double-degree partnership is quite a detailed understanding. We have worked out the curriculum together so that there is no repetition and yet,each candidate is armed with the latest management tools and concepts," said director, Saibal Chattopadhyay. The understanding between institutionsis such that students going to the global schools for the double-degree programme will not be charged separate tuition fees.

Every student who enrolls for IIM-C's two flagship management courses studies for a two-year period that is divided into six terms. Of these, thoseselected for the double-degree programme will spend three terms at Joka and three at the foreign B-school. While the IIM-C certificate will offer adiploma to the student, the foreign B-school will offer a Masters in Management degree, which is extremely coveted these days.

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International MBA programs require several years of experience andfinancial reserves. A Master in Management established in youngerapplicants as an alternative by Kirstin of Elm

An international network of highcaliber experts from the business, rich content with a lot ofpractical experience, study at top universities abroad, plus the chance for a wellpaid,international management career this is the typical virtues of classic MBA programs read. Alsofor Torsten Röwekamp gave these points the rash on course choices. However, the 37yearold Düsseldorf no Master of Business Administration (MBA) but a Master in Management (MIM)has made. "I definitely wanted to pursue an international career and needed to a degree that isrecognized beyond the German borders," he says.

Röwekamp decided many years ago for the CEMS Master in International Management. CEMSis a global alliance of leading business schools and universities in 29 countries now. Only oneschool per country CEMS partner can be, with this example, the Copenhagen Business School,ESADE in Spain (Link: http://www.welt.de/themen/spanienreisen/) , HEC in Paris(link: http://www.welt.de/themen/parisstaedtereise/) or the Rotterdam School of Management in theNetherlands. Exclusive partner university in Germany (link: http://www.welt.de/themen/deutschlandreisen/)is the University of Cologne (Link: http://www.welt.de/themen/koelnstaedtereise/) where Torsten Röwekampstudied. Who is enrolled in Cologne in an economics master's degree program, has the chanceto prove to parallel the oneyear CEMS program. The teaching takes place entirely in English,one semester at a CEMS partner university is mandatory. There are at the end of a doubledegree, "cobranding" calls it CEMS Director Roland Sievers.

In addition to the academic partners of the CEMS network includes more than 70 multinationalcompanies, including at junior managers so popular addresses such as Beiersdorf, Deloitte,German Bank, EADS, Google, Henkel, KPMG, L'Oréal, McKinsey or Swiss Re, also the nonprofit organizations Care, Fair Trade, Transparency International and the United NationsOrganization United Nations Alliance of Civilizations. Similar to MBA programs, the companieswork closely with the colleges, provide internship spaces available, invite the students to anexclusive networking events and assign specific consulting assignments that need to be solvedby international student teams as part of their studies. The company also sit in the selection ofjuries and decide together with university representatives on the strictly limited admission ofnew students in the program. Finally, they end up great interest in the graduates. In order to geta maximum of 80 places per country, German students have a similar selection process run asfor an MBA. Be required in addition to good grades, good results in the aptitude GMAT(minimum 600 points), very good English and knowledge of another language. Volunteeringbrings pluses. Who is the written preselection, the jury must convince in personal selectioninterviews then.

The main difference to MBA: In contrast to traditional general management study of the mastersets in management requires no work experience, most students apply directly after theBachelor. Despite optimal environment and good care studies are also much cheaper. Onaverage MIM fulltime programs cost 12,750 euros, the margin ranges from zero to 38,000euros. This is the conclusion of a recent study of the online portal "Master in ManagementCompass". At the University of Cologne, the CEMS Master, for example, to have free, even theobligatory semester abroad at no extra cost. No wonder that the MIM is the world for more andmore students to first choice. The majority of institutions reported increasing numbers ofapplicants for their MIM programs in recent years. Read is the trend of the GMAT test items: 44percent of the candidates, in 2013 the admission test took off, then competed not for an MBAbut for an internationally oriented Master's program. For comparison: in 2008 there were only 25percent.

Until recently was considered the master in management rather than scientifically oriented basisfor a promotion. Therefore, an economics undergraduate studies was provided instead ofprofessional experience. The classic MBA aims on the other hand has always been more on

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practitioners without economic studies, for example, professionally experienced engineers,computer scientists or scientists with ambitions for a management job. However, in recentyears, the boundaries seem increasingly blurring. The admission requirements of the MiMprograms already reflect the trend again: Nearly 80 percent of the world's more than 600 MIMdegree programs now require no economics undergraduate more, Thomas Graf, founder of theonline portal has detected "Master in Management Compass". "The trend in our foreign partneruniversities is clearly a bachelor's degree in a technical or scientific field plus two yearEuropean Master program management," confirms Roland Siegers, Director of the CEMSprogram.

The abbreviation saves students time and money. And also many multinational companiesappreciate young graduates. About 40 percent of the CEMSMaster rising, according to RolandSiegers after studying at one of the corporate partners. So Torsten Röwekamp working atHenkel since graduating in April 2003. After starting as a logistics manager in Dusseldorf hewent for the detergent Group for six years after Milan and Paris, since 2013 he is working withcolleagues from around the world at the corporate headquarters in Dusseldorf. He has sofulfilled his dream of an international career.

But even outside the network to find the CEMS Alumni easily internships and jobs. David Weberhas certainly not yet determined how to proceed after his master's degree. In May, the 26yearold Stuttgart will take his master's thesis in attack, he is currently doing an internship in internalconsultancy company BASF. The chemical giant is not part of the CEMS corporate partners,but Weber here feels comfortable. After his Bachelor Business Administration at the Universityof Mannheim, he first inserted a gap year and completed two internships, one at Mercedes inthe USA (link: http://www.welt.de/themen/usareisen/) , the other at the international consulting firmCapgemini in Cologne. For his CEMS semester he was in Hong Kong(Link: http://www.welt.de/themen/hongkongstaedtereise/) at the HK UST Business School. "There you are asa CEMS student something special, all events take place exclusively." That this is not at hishome university Köln so it feels rather as an advantage: "Here you get not all worn behind, butalso learn to organize themselves as a normal student himself."

© Axel Springer SE 2014 All Rights Reserved

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The Rise And Rise Of TheMasters In Management

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They say you can tell you’re getting old when the police start lookingyounger. But perhaps it is still best to stick with cops as your measure. If youuse business school students, you might end up thinking it’s high time forretirement.

At b-school campuses around the world the average age is dropping. And it’sthe increasingly popular Master in Management (MiM) program and otherspecialized master’s in business that are responsible. According to the 2013GMAC Applications Trends Survey on interest in business education, whilejust over half of all test takers in Europe still go on to apply for an MBA,application volume for European MiM programmes has increased 73% for the2013-14 class. The fact that these alternative business programmes tend to askfor less – in some instances, no – work experience means that they areattracting younger potential students than traditional MBAs. More than half ofall GMAT test takers in Europe are now aged under 25.

MBA vs MiM? With 1,053 students from 67 countries, the CEMS Masters in International Management is biggerthan the MBA program at Harvard Business School

Money may, of course, play at least some part in this. Many of the new batch ofMiM programs, for example, cost no more than a third of the price of a topflight MBA. And the shaky job market of recent years has made the prospect ofstaying in full-time education for as long as possible an attractive, perhaps forsome the only, option for graduates of first degrees.

Matt Symonds Contributor

I cover business ed, MBA admissions, entrepreneurship and managementOpinions expressed by Forbes Contributors are their own.

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Several top US schools – Northwestern Kellogg, Michigan Ross, BabsonCollege - are getting in on the act, and Dartmouth’s Tuck School ofBusiness was earlier this year considering to launch an MiM for undergradswith little or no work experience, though this project is currently on hold. Butthe US is playing catch up in a market dominated by European businessschools.

Among the market leaders is the CEMS Alliance, arguably the most ambitiouspartnership in business education. Established in December 1988 by fourleading European schools (ESADE, HEC Paris, Università Bocconi and theUniversity of Cologne) the CEMS Alliance designed the first truly Europeanbusiness education through one single Master’s in International Managementdegree. At a time when the modern European Union did not yet exist, theBerlin Wall still stood, and the majority of business was conducted at a local,not international level, the pioneer program allowed students to travelbetween member schools and countries for their studies, equipping them withthe necessary skills to succeed in the international markets of the future.

It’s a formula that is clearly working. Since its launch 25 years ago, CEMS nowembraces 29 institutions from nearly as many countries, and this year’s MiMincludes 1,053 students from 67 countries, making it bigger than the MBAprograms at the likes of Harvard Business School and INSEAD. Over 60Corporate Partners that include McKinsey, P&G, L’Oréal and Google arebeating down the doors to recruit younger managerial talent.

In this interview, CEMS Executive Director Roland Siegers looks at the trendsthat are driving the popularity of the MiM, both with bachelor’s graduates whoare keen to differentiate themselves, and with recruiters who want to hireyoung managers with greater maturity and a global mindset.

He also talks about the challenge of bringing together 29 universities to deliverone degree and one curriculum in international management. He likens CEMSto a bumble bee: “the laws of aviation tell you this thing should not fly, but itactually does, so something must be wrong about the assumption.” The MIMhas consistently ranked in the top 10 of the Financial Times for the past 8years, so something must be working.

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Matt Symonds, May 20, 2014

What Are Global Recruiters Looking For In YoungManagers?

Does having a global mindset make a difference in the skill setof a modern business graduate? For Sander Nieuwenhuizen,Vice President for Recruitment at Shell, the energy andpetrochemicals giant, it does. The company hires 1,200graduates every year, and sees a real advantage in attractingindividuals who are truly internationally motivated and whohave already integrated an international component into theirstudies.

Shell is a corporate partner of CEMS, an alliance of 29 businessschools whose topranked Masters in International Managementgraduates over 1,000 young professionals on four continents. Veryfew CEMS students are studying in a university in a country whosepassport they carry, and have embraced and incorporated into theirpersonalities this global mindset and being an ambassador of

internationalism. The relationship provides a pipeline of talent that Sanders values for the adaptability and flexibilitythat their studies have encouraged.

“These graduates have a collaborative mindset, and have a different type of competitiveness than MBAs which isnice. And in a company like Shell, where collaboration and teamwork and the capability to think broadly areimportant, it’s another quality that we recognise.”

In this video interview, Sanders also discusses how the Corporate Partnership with CEMS enables the company tocontribute to the creation, implementation and delivery of the local curricula, as a way to influence follow what ishappening in management education.

For CEMS Executive Director, Roland Siegers, this relationship contributes to the development of graduates withwellrounded personalities. The programme emphasises not only the analytical skills that are essential forrecruiters, but also the soft skills they need to develop. “How they behave as managers and how they interact withother human beings is really what business is about. So they pay attention to the communication aspect and thecontext of where they are operating and who they are.”

For the full interview on Forbes, click here.

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8/30/2014 Hindustan Times e-Paper - Hindustan Times (Lucknow) - 6 Aug 2014 - IIMC – collaborating with the best

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IIMC – collaborating with the bestBy becoming the only Indian member of CEMS, an elite club of 28 premier business schools from

across the world, 70 multinational companies and four NGOs, the Indian Institute of ManagementCalcutta (IIMC) has come close to realising its vision of becoming an institute of international repute. Thehighly ranked master’s in international management course (MIM) by CEMS– the Global Alliance inManagement Education (formerly the Community of European Management Schools and InternationalCompanies) – exposes students to reallife business problems in a global world and the very best ofmanagement education offered by some of the top global business schools. In a chat with Professor AshokBanerjee, dean new initiatives and external relations and professor of finance, IIM Calcutta, we find outmore about the programme. What will IIMC gain from this alliance with CEMS? IIMC is part of an eliteclub of top business schools and multinational companies from across the world, which gives IIMC accessto cutting edge developments in the area of management education, recognition of being among the elitein the sphere of management research and education and opportunities of collaboration with the verybest schools around the globe.

Professor Ashok Banerjee, dean, new initiatives and external relations and professor offinance, IIM Calcutta

IIMC offers selected PGP students the opportunity of pursuing the highly ranked and globallyrecognised MIM and pass out with two degrees/ diplomas – The PGDM from IIMC and CEMS MIM fromCEMS. The institute will also be eligible for participation in the Global Ranking survey conducted by theFinancial Times, London. What is the process for getting a CEMS membership? Membership of CEMS isoffered by invitation only. CEMS evaluates management Institutions in the countries they are interestedin, and offers membership opportunity to one of the best institutions there. A formal evaluation audit bysenior faculty from member schools follows. Only when an institution meets the stringent membership

6 Aug 2014 Hindustan Times (Lucknow) Ayesha Banerjee ayesha.banerjee@hindustantimes.com

8/30/2014 Hindustan Times e-Paper - Hindustan Times (Lucknow) - 6 Aug 2014 - IIMC – collaborating with the best

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requirements of CEMS, an MoU is signed and the institution formally accepted as a member of CEMS. Oneof the requirements for joining the CEMS MIM programme is a 10week international internship. Does thealliance help students? CEMS require each student to undergo a 10week international internship. IIMCstudents who undergo the 10week summer internship as part of PGP satisify the CEMS requirements.Additionally, students who at the end of PGP at IIMC, join overseas companies can show first 10weeks oftheir job as international internship for CEMS. What is the fee to be paid by students joining CEMS MIM?No extra academic charges are levied on the PGP students – they need to pay Euro 250 for a specialcurriculum element called Block Seminar and Euro 100 as student handling fees to CEMS head office.

This article was shared by a user of PressReader an online source of publications from around the world. PressReader contains copyrighted material,trademarks and other proprietary information. Receipt of this article should not be interpreted as grant of any licenses express or implied, to the intellectualproperty of PressReader or publishers of publications presented. PressReader – Connecting People Through News PressReader, 20013111 Vanier Place,Richmond BC V6V 2J1, Canada Phone: +1 604 278 4604 © 20032014 NewspaperDirect Inc. dba PressReader. All rights reserved. Terms of Use:http://www.pressdisplay.com/pressdisplay/showlink.aspx?pageid=ins_terms Privacy Policy: http://www.pressdisplay.com/pressdisplay/showlink.aspx?pageid=ins_privacy

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I fell in love with ParisSrinivas Vadrevu, a student of international management at HEC Paris, onbagging a full scholarship, learning to arrive fashionably late for dinner andbeing a globetrotter

I got the opportunity to study at cole des Hautes Etudes Commerciales de Paris or HEC Paris, aEuropean business school located in the southern suburbs of Paris, France, while pursuing mypostgraduate diploma in management at the Indian Institute of Management, Calcutta (IIMCal).HEC is the business school of ParisTech and is regarded as one of the more prominent businessschools in the world.

IIMCal is an academic partner of Cems, an elite club of 28 premier business schools from acrossthe world, and I got the opportunity to pursue a master's degree in international management at anyof the elite schools with which IIMCal has a tie up. It is the only Indian member of this renownedalliance of leading global business schools and multinational corporations. As part of the Cemsmanagement programme, students are carefully handpicked from IIMCal and provided with the best

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of global education in international management.

(From top) Srinivas at a dinner with students of HEC Paris; HEC campus; and HEC students at the

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graduation ceremony

I chose HEC Paris because I found its programme to be well structured. Also, the choice of coursesavailable was quite interesting, better than anywhere else in Europe. In addition, the generousscholarship offered by the French Embassy helped me pursue higher studies in France. It coveredmy rent, books and laptop allowances, making my term at HEC Paris quite comfortable. Also beingawarded the scholarship by the French Embassy was definitely a great matter of pride and honour.Receiving the award from the French Ambassador was the icing on the cake.

The scholarship provided 650 euros (Rs 53,000) a month for rent, about 160 euros (Rs 13,000) asa books allowance and 700 euros (Rs 57,000) for a laptop. My tuition fees were waived because ofIIMC's association with CEMS. I also did not have to work as a research/teaching associate as thegenerous scholarship covered my expenses.

The HEC campus life was definitely very exciting. There were facilities to learn horse riding, boxing,salsa, piano or pursue various other extracurricular activities. I practised boxing and salsa in myfree time. Also, the weekly "Party of Weeks", better known as Pows, made life on campus quite fun.There were 50odd Indian students and we would often meet for cultural gatherings and lunches.

I lived in the accommodation provided by HEC housing services. If one's university is right in Paris,Campus France assists in finding the right house in the vicinity of the university.

It was quite an experience to live in France. You just cannot help but appreciate the rich culture andtradition of arts, wines and literature. I was truly amazed by the extent to which the French havepreserved and fiercely protected their heritage. On a lighter note, I was quite surprised to know froma French friend that one does not arrive on time ( 'heure) for dinner. It is best to err on the side ofbeing fashionably late, that is, 1520 minutes after the time decided.

I observed on multiple occasions that when one is looking for any direction it is best to start theconversation with Bonjour (Good day) and parlezvous Anglais (Do you speak English?), rather thanaddress someone in English directly. It makes the person who you are talking to much more helpfulthan otherwise.

French cuisine is known for its finesse. I took quite a liking for Ratatouille and crepes (a traditionalvegetable stew and pancakes). I wish I had done some research on different wines to find out whichwine goes best with certain dishes.

Occasionally, I would go to Louvre Museum or Musee de Orsay (Orsay Museum) with friends andlearn about different paintings, or walk through the streets of Paris to understand the Parisian wayof life. Before I knew it I feel madly in love with this wonderful city — though it really gets cold duringNovember and December. I am passionate about travelling and have been to more than 21countries. I play basketball and badminton during my leisure time. I also like to read books and learnnew languages.

How I made itI would advise prospective students to choose universities that align with their career interests andpassions

Students should do proper research before zeroing in a university

It would definitely help if they reach out to current students since it is they who would be able to offerthem a better perspective about the institutions and the courses

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