SPRING/SUMMER 2012

Studying an
MBA
in a troubled
Economy
How to
Conquer
the GMAT
Exam
MBA
Job Market
Optimism for 2012
ASHOK SOM
Associate Dean Global MBA
at ESSEC Business School
PROFESSOR MICHAEL
LUGER
Dean at Manchester
Business School
PROFESSOR MARTHA
MAZNEVSKI
MBA Program Director
at IMD
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www.TopMBA.com
Aled Owens
Alina Pahoncia
Ann Graham
Debeshi Gooptu Bakshi
Kin Ly
Narayani Menon
Richard Burns
Richard Macauley
Ross Geraghty
Feature writers
T
he intervening six months since the last edition of the
TopMBA Career Guide have been packed with globally
significant events. Issues related to the economic downturn have
dominated the pages of newspapers worldwide. Further, the past
months have seen some of the world’s economic powerhouses
stripped from their AAA status including the US and France,
while other countries such as Cyprus, Italy, Portugal and Spain
have also been downgraded by international credit agencies.
The news has stimulated widespread concern over the onset
of a second global recession that, if it materializes will inevitably
affect job opportunities for many. But while a lack of jobs is
making headlines around the world, it appears that global busi-
nesses are placing their faith in the skill set of MBAs in order
to help stave off the effects of financial decay. For students, the
fast-paced nature of evolution in the global economy allows for
greater class interaction with the outside world, making way for a
new generation of future business leaders.
Indeed, business schools and employers alike paint an
optimistic picture of job opportunities for MBA graduates, as ex-
plored in this issue’s lead article. Schools from three of the most
popular MBA study destinations, North America, Europe and
Asia-Pacific, tell of increases in their graduates receiving jobs after
graduation. Furthermore, anecdotal recruitment data from em-
ployers who are actively hiring MBAs, as detailed in the article
‘Consultancy firms worldwide defy the economic downturn,’
point toward a promising year for MBA graduate interested in a
career in the consulting sector.
With much of the world’s focus on overcoming turbulent
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Editor-in-chief
Nunzio Quacquarelli
Assistant editor
Lead contributor
Kin Ly
Magazine manager
Kamran Ahmed
kamran@qs.com
General production
manager
Ed Winder
Editor
Executive MBA
Dawn Bournand
Production
manager
Executive MBA
Katy Webster
Designer
Teresa Arevalo
TopMBA Career Guide
Spring/Summer 2012
Editor’s desk economic junctures, the career guide
would not be complete without expert
advice from admission officers, deans and
business management experts on studying
an MBA in a troubled economy. As Ashok
Som, associate dean of ESSEC Business
School’s global MBA points out in his
Dean’s Diary, an MBA degree holds value
throughout troubled economic times, and
can often present a perfect time to invest in an MBA.
Meanwhile, MBA applicants need to spend the time
researching which business schools and MBA programs are the
right choices for them. More so than ever before, the specialist
focuses of a school, its location, and its reputation among MBA
employers matter.
Throughout this edition of the TopMBA Career Guide,
we have aimed to advise applicants, students, and alumni
on how to go about making the right decisions for them.
However, when it comes to MBAs, there is no ‘one size fits
all’. Ultimately it is up to you to use the information and tools
available in this magazine, online at TopMBA.com, or at one of
QS’ many MBA events such as the QS World MBA Tour and
TopMBA Connect 1-2-1 to make the right decisions.
Good luck!
Nunzio Quacquarelli, MA Cambridge, MBA Wharton
Editor-in-chief and managing director of QS Quacquarelli
Symonds Limited
Kin Ly, assistant editor and lead contributor
Nunzio
Quacquarelli






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Contents
6 MBA JOB MARKET TO CONTINUE RISING
THROUGHOUT 2012
Business schools reflect on last year’s positive
MBA recruitment activities, which is predicted
to continue throughout 2012 finds Kin Ly
8 STUDYING AN MBA IN A TROUBLED ECONOMY
Wherever you decide to study your MBA, you’ll
be hard-pushed to avoid the effects of the
global financial events. However, as Richard
Burns discovers, often it can be of benefit to
both business school students, and the
wider world
12 CONSULTANCY FIRMS WORLDWIDE DEFY THE
ECONOMIC DOWNTURN
Consultancy organizations across the globe
have increased the number of MBA hires, and
2012 appears to be another positive year,
Kin Ly finds
16 SHIFTING CAREERS: MOVE FROM TRADITIONAL
TO NON-TRADITIONAL MBA JOBS
Recent trends have shown MBAs moving into
non-traditional MBA jobs. Ross Geraghty
explores the shift from the traditional to the
non-traditional
20 PRICING SUCCESS: RETURN ON INVESTMENT
OF MBA PROGRAMS
Assessing the return on investment (ROI) is an
important step in deciding whether to pursue
an MBA. Ross Geraghty looks at the factors to
consider when calculating the ROI
22 TESTING FOR SUCCESSFUL BUSINESS LEADERS:
GMAT OR GRE?
Some students commencing their MBA in 2012
will be among the first to enter business
school having taken the revised business
school admission tests. Kin Ly takes a closer
look at the implications of the test changes
26 INTERNATIONALIZATION OF THE MBA: QS
GLOBAL 200 BUSINESS SCHOOLS REPORT
Based on the opinions of over 2,000 MBA
employers worldwide, the QS Global 200
Business Schools Report provides detailed
ratings of the top 200 business schools by
region and MBA specialization
30 QS’ RESEARCH REVEALS THE TOP 200
BUSINESS SCHOOLS AROUND THE WORLD
Nunzio Quacquarelli, author of the QS
Global 200 Business Schools Report takes
a closer look at the schools that made it
into the top-tier
44 ON-CAMPUS VERSUS OFF-CAMPUS:
CONSIDERING MBA FORMAT OPTIONS
With a growing number of off-campus program
formats such as online and distance learning
MBAs being offered by business schools,
Richard Burns weighs up the pros and cons of
on-campus and off-campus MBA study modes
54 THE CAREER VALUE OF MBA INTERNSHIPS
MBA internships and other experiential
learning opportunities can boost the chance of
a student securing their ideal business
management job. Narayani Menon looks at
how much value an MBA internship adds to a
student’s employability
60 BRIC ECONOMIES VALUE THE MBA
With experts forecasting BRIC countries to
become the world’s leading powerhouses
by 2050, prospective MBAs from the BRIC
nations are confident that an MBA could bag
them a huge increase on their salary says
Ross Geraghty
62 SIZING UP THE PROS AND CONS OF DISTANCE
LEARNING MBAS
Technological advances have stimulated a
boom in distance learning MBA programs, but
are they a viable alternative to traditional study
modes? Asks Kin Ly
66 RISE OF THE MBA ENTREPRENEUR
A growing number of MBA applicants are
expressing an interest in pursuing courses with
an emphasis on entrepreneurship, while fewer
are interested in finance. Richard Burns
explores the reasons why
68 MBA SUCCESS: THE MBA APPLICATION
PROCESS AND BEYOND
Experts in management education and
business schools around the world give their
advice to Kin Ly on how to file a successful
MBA application
72 TEN WAYS TO GET A JOB THROUGH YOUR
ALUMNI NETWORK
The benefits of a business school’s alumni
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network are vast. Kin Ly speaks to some of
the top business schools in the world and
highlights 10 ways in which alumni networks
can improve an MBA’s career prospects
76 MORE MBA APPLICANTS LOOK TO CHANGE
CAREERS
Across the globe, business schools are
admitting a higher number of career changers –
is the MBA the golden ticket to a new career?
MBA profiles
36 BUBBLING WITH SUCCESS:
Coca-Cola’s CEO talks to the TopMBA Career
Guide about how an MBA helped him prepare
to lead the world’s largest beverage company
40 PUTTING MY MBA DREAM IN FOCUS QS
SCHOLARSHIP WINNER
The QS Leadership Scholarship for MBAs
helped one aspiring business leader reach his
career goals
57 A FRIENDLY FACE IN BUSINESS
Julie Myer, founder of Ariadne Capital, talks
about her MBA experience and how the
qualification helped her establish one of the
most successful consultancy firms in Europe
Regional MBAs
80 NORTH AMERICA: THE ALL ENCOMPASSING
MBA EXPERIENCE
As the home of the MBA, North America can
often be a very appealing MBA study
destination among prospective students.
US-based business education expert Aled
Owens explores the ever-popular aspiration
of pursuing an MBA in North America
82 NORTH AMERICA: THE INTERNATIONAL AND
DOMESTIC EXPERIENCE
As one of the most prestigious MBA study
destinations in the world, North America
attracts a wealth of international and domestic
students. Business education expert Aled
Owens takes a closer look at the international
and domestic study experiences
98 THE EUROPEAN INTERNATIONAL MBA
EXPERIENCE
Western Europe’s MBA profile is strong in
prestige and prominence among both
students and employers. Kin Ly explores the
factors that make Western Europe one of the
most popular MBA study destinations
100 CEE BUSINESS SCHOOLS COMPETE FOR
INTERNATIONAL MBAS
Internationalization of CEE business schools is
a work-in-progress. Alina Pahoncia looks at
the progress CEE schools have made in
attracting overseas students
140 RISING IN THE EAST: MBA LIFE IN ASIA-PACIFIC
Home to two of the four BRIC nations, the
Asia-Pacific region is certainly becoming more
and more economically influential. But how
does life fare for MBA students and graduates
in the region? Asks Richard Macauley
142 INDIA’S WIDELY VARYING VALUES OF MBA
DEGREES
According to the QS Global 200 Business
Schools Report 2012, many of India’s top
business schools have become more
reputable among MBA employers. Debeshi
Gooptu Bakshi looks into the value of India’s
MBA degrees
150 A GOLDEN COAST: THE BENEFITS OF
STUDYING IN AUSTRALIA
Australian salaries are high and schools in the
country are favorable among recruitment
managers. But interest among MBA
applicants has dropped slightly. Kin Ly
explores the benefits of studying in Australia
Dean’s Diaries
46 California Lutheran University School of
Management
47 Colorado State University College of Business
48 ESSEC Business School
49 IESE Business School
52 IMD
53 Manchester Business school






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NORTH AMERICA
84 CLU School of Management
85 Colorado State University
86 Hult International Business School
87 St John's University – Tobin School of
Business
88 St Mary's University
89 Tufts University – Fletcher School
92 UCLA Anderson School of
Management
93 University of Maryland, Robert H Smith
School of Business
94 University of Pittsburgh, Katz Graduate
School of Business
95 University of South Carolina, Darla
Moore School of Business
96 York University, Schulich School of
Business
EUROPE
102 Aberdeen Business School
103 Ashridge Business School
104 Audencia Nantes Sch of Management
105 BSL Business School Lausanne
106 CEU Business School
107 Copenhagen Business School
110 EMLYON
111 ENPC
112 ESADE
113 ESSEC
114 European Business School (EBS)
115 European University
116 GISMA
117 HEC Paris
118 Henley Business School
119 IE Business School
120 IESE Business School
121 Lancaster University Management
School
122 Leeds Metropolitan University
124 Leeds University Business School
125 LUISS Business School
126 Manchester Business School
127 Mannheim Business School
128 MIP Politecnico di Milano
129 Reims Management School
130 RSM Erasmus
131 The Lisbon MBA – Católica NOVA
134 University of Capetown
135 University of Geneva
136 University of Glasgow Business School
137 University of St. Gallen
138 Vlerick Leuven Gent
139 Warwick Business School
ASIA PACIFIC
144 Indian Institute of Management,
Bangalore (IIMB)
145 Singapore Management University
146 NUCB Graduate School
147 School of Economics and Management,
Tsinghua University
AUSTRALASIA
152 AGSM
153 La Trobe University
154 Macquarie Graduate School of
Management
155 Melbourne Business School
156 Monash University
157 University of Wollongong
158 University of the Sunshine Coast
Business School
Profiles






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B
usiness schools in three popular
MBA study destinations – North
America Europe and Asia-pacific – have
told the TopMBA Career Guide that
their MBA graduate recruiting activities
increased in 2011.
The Graduate Management Admission
Council (GMAC) has predicted this to
continue into 2012. In a survey of 229 hir-
ing managers at 216 companies (of which
over 70% are located in the US) 74% said
they plan to hire more MBAs this year.
Nunzio Quacquarelli, author of the
TopMBA.com Jobs and Salary Trends
Report, which outlines job increases in
US, Europe and Asia-Pacific in 2011, says:
“Our research reveals a robust MBA job
market in Germany, UK, India and China.
However, in other regions namely in Cen-
tral and Southern Europe, the MBA job
market has been slower to recover.”
“GMAC’s survey further supports what
QS’ research reveals – the upward trend in
MBA demand is not worldwide.”
MBA recruitment trends
According to business schools around the
world, 2011 proved positive for MBA hiring,
and this is likely to continue throughout
2012: “At some point, companies have to up
their hiring to meet their new goals. Our
poll suggests that 2012 may be the year that
companies ramp up their hiring,” says Re-
becca Estrada, research manager at GMAC.
Indeed, findings from the latest QS
TopMBA.com Jobs and Salary Trends
Report and feedback from business schools
indicate that organizations around the globe
upped their MBA hiring last year.
QS’ report found that Latin America ex-
perienced the biggest rise in MBA demand,
with an increase of 47%. This is partly due
to employer’s slow intake of MBA graduates
until recently.
The Asia-Pacific region followed closely
with a rise of 43% in MBA demand among
its employers. North America, Western
Europe and Africa and the Middle East
experienced large increases of 24%, 21%,
and 20% respectively. The only region that
showed a slower growth in demand was
Eastern Europe at 3%.
This mirrors the 2011 hiring activities
at a number of business schools around the
world, and adds further weight to reports
that the MBA job market for 2012 will be a
positive one.
US MBA demand
Rebecca Joffrey, director of career education
and innovation career development at Tuck
School of Business in the US says recruit-
ment activity rose significantly in 2011.
“The increase was across all sectors, and
companies were specifically targeting MBA
talent for roles in areas such as strategy,
marketing, human resources, and finance,”
she says.
According to Joffrey, a number of as-
pects contributed to the school’s increased
recruiting activity, including global market
expansion, competitive pressures, the digital
marketplace, and ageing senior management.
She explains that one of the reasons why
MBA demand remained high is because
MBAs have the ability to respond to chang-
ing business models: “It’s not the training of
a specific skill that sets MBAs apart. It’s their
ability to connect the dots between strategy
and finance or logistics and marketing and
technology,” she says.
About 700 miles south of Tuck, Duke
University’s Fuqua School of Business in
North Carolina also reports an increase in
recruitment activity.
“The number of Fuqua students report-
ing offers at graduation and at three months
post-graduation had increased over the past
two years,” says Sheryle Dirks, associate
dean of Fuqua’s career management center.
Over at Michigan, Ross School of Busi-
ness also witnessed a growth in the MBA
job market.
“We saw an increase in the number of
companies that recruited on campus and a
rise in the percentage of students that had
at least one job offer at graduation at end of
April 2011,” says Valerie Suslow, the school’s
director of career development.
The US isn’t the only destination
where MBAs experienced an increase in
jobs. Across the Atlantic in Europe, busi-
ness schools report a surge in recruitment
activity.
Europe’s rise in jobs for MBAs
Javier Muñoz, MBA career services director at
IESE Business School in Spain says the school
MBA job market
to continue rising
throughout 2012
Business schools reflect on last year’s positive MBA
recruitment activities, predicted to continue throughout
2012 finds Kin Ly
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had excellent results in its job placements.
“Job placements at IESE were very
well balanced. 50% of job offers came from
traditional sectors – investment banking and
consulting for example, and the other 50% of
job offers came from sectors such as IT, health
care, pharmaceuticals, luxury, media and non-
government organizations,” says Muñoz.
Leading online organizations also want
to recruit talented MBAs, Muñoz highlights:
“Companies such as Google and Facebook
now value MBA graduates and are actively
looking to recruit from the best schools.
For instance, one of the biggest recruiters at
IESE last year was Amazon.”
In neighboring France, HEC Paris wit-
nessed an increase in jobs for MBAs in 2011
compared with 2010. The business school
saw many of its MBAs receive job offers at
graduation. As with IESE, HEC found that
online businesses were particularly inter-
ested in appointing MBAs.
“Notably, there was a growth in gradu-
ates securing job positions in new technol-
ogy companies such as Amazon, Google and
Facebook – testimony to the changing job
market and the ability of our graduates to
adapt to this market,” says Tony Somers, career
management center director at HEC Paris.
Although online businesses have rapidly
recognized the advantages of hiring MBAs,
HEC say the majority of its graduates found
jobs in the services and industry sector.
“Currently around 20% of participants
were placed in finance, another 20% in con-
sulting and 60% in services and industry.”
Across the English Channel, in the UK
the picture is very much the same. Colin
Hudson, career development director at
Cranfield School of Management says MBA
graduate recruitment in 2011 increased
throughout the year: “Last year, we saw
a steady increase in the level of recruiter
engagement and this remained consistent in
our placement figures.”
Demand across all disciplines remains
stable, he says, but in particular, the school
witnessed ongoing and healthy demand for
its MBAs from finance, consulting, general
management, logistics and supply chain
industries.
MBA demand in Asia-Pacific strengthens
In the Asia-Pacific region, HKUST Business
School notes a rise in its MBAs receiving
job offers. Sherring NG, the school’s head
of MBA marketing and admissions says: “Job
opportunities were certainly up for our
HKUST MBAs.
“The number of job postings that ap-
peared on our HKUST MBA job board
last year increased by more than double
– another indicator of the demand for our
MBAs. Our graduates have been getting
more offers too.”
In 2011, the majority of HKUST
graduates accepted jobs in financial services,
investment banking and consulting at 19%,
16% and 11% respectively says NG.
The job market for MBA graduates
of 2012 appears optimistic, and may be
a worthwhile time to consider taking an
MBA. For information on the benefits of
studying in a troubled economy, please see
pages 8 to 9, and for details on consulting
job opportunities, see pages 12 to 13.
We saw a
steady increase
in the level
of recruiter
engagement and
this remained
consistent in
our placement
figures
E
conomic troubles in the eurozone and
beyond have been dominating head-
lines around the world. But that’s not to
say that it would be a mistake to study an
MBA in any of those countries, or others
affected by the ongoing global economic
troubles. In fact, in many instances it can
be a benefit to MBA students.
While his school is based in Germany,
which boasts the strongest economy in
Europe, Nick Barniville, director of MBA
programs at ESMT European School of
Management and Technology, explains two
important benefits of studying an MBA
in a country with a troubled economic
outlook.
“Firstly, it will be cheaper to live there
than during a boom and secondly, the
lateral thinking promoted by an MBA
program may allow optimistic MBAs to
see opportunity where others see gloom.
The experience MBAs gain in the area of
strategic innovation, creativity and business
modeling can equip MBA graduates to
take an early advantage of green shoots in
the economic recovery.”
Liz Riley Hargrove, associate dean for
admissions at Duke University’s Fuqua
School of Business continues this thought,
pointing out that the range of skills fos-
tered at business school can equip MBA
graduates for wide ranging economical
conditions.
The changing face of business
“The MBA is much more than a means to
increase one’s job prospects and networks
during times of economic recession,”
Riley Hargrove says. “The face of busi-
ness is changing and during the times
of uncertainty, you want to be sure that
your investment in a business education
will prepare you for the changes happen-
ing around you. The world needs business
leaders who have the ability and flexibil-
ity to navigate economic downturns and
disruptions.
“An MBA is certainly an appropriate
tool to transform your skill set. It can also
position you with a sustainable return on
investment and ability to change careers.”
Then there are advantages in ensuring
that your talents and skill set are attractive
to employers in a competitive job market.
“When market conditions are tough
then both individuals and companies have
to work harder to be successful,” explains
Nigel Banister, chief global officer at
Manchester Business School. “So individu-
als who improve their skills and qualifica-
tions are more likely to stand out in the
competitive job market.”
Further, having witnessed both current
economic events and the recent past, fresh
MBA graduates can learn from where oth-
ers have failed.
“Companies need to consider new
approaches to products and markets and
Studying an MBA
in a troubled
economy
Wherever you decide to study your MBA, you’ll be hard-
pushed to avoid the effects of the global financial events
that have shaped the past few years. However, as
Richard Burns discovers, often it can be of benefit to both
business school students, and the wider world
Crises make leaders. Anybody
can succeed when things are
easy. But real leadership is
required when things get tough






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therefore value executives who don’t just
have experience of the way things have
been but the skills and reflective approach
to find innovative ways forward,” continues
Banister. “Those graduating from top MBA
programs are more likely to have these
attributes.”
In fact, it is this idea of new manage-
ment talent learning from the choices
of their predecessors that has kept MBA
curriculums relevant throughout their
history. Be they wise or unwise decisions,
fresh graduates have the enviable position
of seeing the consequences of them, and so
can then decide what might have been a
better course of action.
“One of the benefits to studying in a
country with a depressed economic out-
look is that the students can have a close
perspective of the effects the economic
troubles can have on the country,” explains
Itziar de Ros, MBA admissions director at
IESE Business School in Spain.
These live, as-it-happens case studies
can then be brought into MBA classrooms,
helping students to analyze globally signifi-
cant economic issues that affect worldwide
trade and business.
“The debate going on in Spain about
how to revitalize the country’s economy,
how to fix its financial system, and how
to promote innovation feeds directly into
our MBA classrooms,” IE Business School’s
dean of programs, David Bach tells
TopMBA.com.
MBAs: Economic salvation
However, it’s not just Spanish business
schools that are able to offer their MBA
students insight into economic recovery.
Countries in all corners of the globe are
being affected by the ongoing difficulties,
and as a result, international MBA perspec-
tive on events can be immensely useful for
class study.
“The problems are not uniquely Span-
ish. Japan, Ireland, the UK, and even the
US are asking the same questions,” contin-
ues Bach. “Debating them with our stu-
dents in the classroom is exciting because
of the tremendous diversity we have at IE.
The challenges ensure that the ‘real world’
is never far away.
“Crises make leaders. Anybody can suc-
ceed when things are easy. But real leader-
ship is required when things get tough.”
The benefits are not one-sided. Though
increasingly, countries are looking toward
entrepreneurs and innovators to stave of
future economic difficulty.
“Ultimately, the path to Spain’s and to
Europe’s economic recovery is through
entrepreneurship and innovation and there
was never a more urgent need for fresh
management thinking and young leaders
embracing a challenge,” explains Bach.
Dan LeClair, AACSB’s senior vice
president and chief knowledge officer be-
lieves that MBA graduates and alumni are
key to economic recovery, as efficiency and
effectiveness are traits ingrained in them.
“There’s no single way [that MBAs can
help economic recovery], but certainly
organizations; business organizations, non-
profit organizations, government organiza-
tions; they’re all important in helping us to
make the world work better. That’s what
MBA graduates do, they help make organi-
zations work more effectively.”
‘Fresh blood’ in management
It is these organizations that are increasing-
ly looking to the talents of new manage-
ment graduates, or ‘fresh blood’ in business
in order to innovate and gain greater
international competitiveness.
“It’s not so much a question of ‘fresh
blood’ as a ‘fresh perspective’ and the skills
to deal with a complex and fast-moving
business environment,” says Elaine Kay,
MBA programs manager at Nottingham
University Business School.
“It is crucial that schools help to de-
velop business leaders who not only have
the innovative and entrepreneurial skills
to kick-start growth, but who are also able
to ensure that this growth is sustainable
so that we can build businesses fit for the
future.”
Robert Owen, director of business
school services and accreditation at the As-
sociation of MBAs (AMBA) explains that
while it is difficult to quantify the impact
of new talent entering organizations at
management level, AMBA’s “view is that
any business situation needs a balance of
experience and fresh thinking.
“Also, as it transpired from a recent
conference for deans and directors from
AMBA-accredited business schools, corpo-
rations should be more stakeholder focused
and less shareholder orientated. A shake up
of old values, by bringing in ‘fresh blood’
for example, could facilitate the change
of these traditional practices and result in
more sustainability and corporate social
responsibility.”
9
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2 012 x 10 A M – 6 P M
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Consultancy firms
worldwide defy the
economic downturn
Consultancy organizations across the globe have increased
the number of MBAs they hire, and 2012 looks to be another
positive year. Kin Ly asks business schools and the firms
themselves why MBAs are so important to the industry
C
onsultancy jobs for MBA graduates in
2011 returned to record levels, accord-
ing to hiring data from global consultancy
organizations around the world.
The latest QS TopMBA.com Jobs and
Salary Trends Report surveyed over 2,000
businesses around the world that are actively
hiring MBA graduates. It found that despite
economic difficulties in many countries,
in 2011 there was a 28% increase in MBA
demand among global consultancy businesses.
This is forecasted to increase by 17% this year.
Graham Hastie managing director at
Bellfield Consulting works with business
schools across the world to provide solutions
to strategic issues. He has 17 years of experi-
ence in consulting and previously worked for
McKinsey and Company. Hastie explains that
the reason why consultancy agencies continue
to hire MBAs during difficult economic times
is because demand for consultancy work is
driven by periods of change.
Demand through changing times
“Through the economic difficulties we’ve had
over the last few years, lots of companies re-
trench and they’re using consultants to do that.
Consultancy firms thrive in periods of change
– whether that is rapid growth, new market
opportunities, or downsizing and consolida-
tion – consultant firms’ work is driven by the
amount of change in their client’s industry.
Because of that, demand for [MBA] talent will
hold out through periods of change.”
James Platt, partner in charge of MBA
hiring at Boston Consulting Group in Lon-
don agrees that jobs for MBAs will continue
to grow: “We have been growing at double
digit rates since 2003 and we expect that to
continue for the foreseeable future. We expect
companies to continue to require organiza-
tional change as a result of the recession and
then strategic support as they enter the recov-
ery phase. The constraint on our growth will
be our ability to hire good people of the right
quality. MBAs will continue to be crucial to
our growth.”
Responses to the TopMBA.com Jobs
and Salary Trends Report suggest that larger
strategy consulting recruiters continue to defy
the troubled global economy and have been
seeking newly qualified MBAs since 2010.
Business building blocks
There are specific reasons why consultancy
firms are targeting MBAs. One of the key
reasons is that the qualification is an adjudged
quality: “I know that everyone at business
school has gone through a rigorous admissions
process and so the quality would be higher
than that of the general public,” says Hastie.
“The other reason is that MBA students
will learn what I refer to as ‘business basics’ –
the functional knowledge that is required to
achieve in business, so skills such as finance,
strategy, and accounting for example.”
These skills are well matched to the needs
of the consultancy industry, says Platt: “We can
draw upon the full range of their knowledge
as we allocate them to different types of client
assignments. They have the knowledge and
confidence to hit the ground running, utiliz-
ing both their hard skills and well-developed
interpersonal skills, which are so important in
our client-facing business.”
Globally renowned consultancy firms such
as McKinsey and Company, Boston Consult-
ing Group, Bain and Company, and Booz and
Company responded to QS’ survey, reporting
that they have been actively recruiting MBA
graduates over the past year.
However, it is not only large international
consultancy firms that are looking to appoint
MBAs, a number of smaller consultancy agen-
cies across the world have told the TopMBA
Career Guide that they have upped the
number of MBAs that they recruited last year,
and are optimistic that hiring will continue
throughout 2012.
Local demand in Europe
Don Leslie, director at Beament Leslie Thom-
as (BLT), a UK-based recruitment consultancy
firm says in the last year, he has appointed
eight people with an MBA qualification –
an increase since 2009. He forecasts this to
increase throughout 2012.
In particular, he looks for MBAs to join
BLT because: “Consultancies value the intel-
lectual horsepower of MBAs and their ability
to work effectively alongside others from
different professional backgrounds.”
While demand for MBAs in Central and
Eastern Europe was lower at 3% in 2011,
according to QS’ survey, ThinkBig, a local
language consultancy agency in Poland, is
optimistic about opportunities for MBAs in
2012. Rafal Michalski, owner of the consul-
tancy agency says he hired two people with
an MBA qualification last year, and sees this
number increasing over the coming year.
Despite continuing economic uncertainty
and hiring restraint on the part of banks,
MBA recruitment within the consultancy
industry is healthy.
Dominique D’Arcy, manager of Man-
chester Business School’s career management
service says, “Recruiters were most reluctant
to make any commitments, now we are seeing
a sustained increase in energy and technol-
ogy recruitment, and the consulting sector is
buoyant, providing us with a steady stream of
opportunities.”
Asia-Pacific’s 2012 optimistic forecast
In Asia-Pacific, local consultancy agencies
have also been hiring MBAs.
Terry Lin, a consultant at China-based
consultancy agency Eagles Associates says the
organization has hired 12 MBAs in the last
year – a big increase on the previous year –
and forecasts a further 10% increase for 2012.
He says that the organization had not
frequently recruited MBAs, but when it does,
it focuses on qualities such as leadership, team
building and management.
Overall, the Asia-Pacific region experi-
enced a burst in demand for MBA graduates
during 2011, increasing by 43% according to
QS’ survey. Much of the demand was driven
by consultancy agencies, the survey found.
This is reflective of business school job
placements. Sherring NG, head of MBA mar-
keting and admissions at HKUST Business
School says the majority of its MBA graduates
found jobs in financial services (19%), invest-
ment banking (16%), and private equity/
investment management (12%). Consulting
and manufacturing industries had also em-
ployed a comparably high number of MBAs,
with 11% of HKUST graduates being placed
in each sector.
US consultancy placements
The trend of smaller consultancy firms hir-
ing MBAs is also evident in the US. Chris
Lavin management consulting vice president
at Sierra Systems in Canada, says MBAs are
the perfect talent pool: “They have a strong
management toolkit that is the basis for good
management consulting, maturity and analyti-
cal skills to interact with senior clients.”
Business schools in the region have also
noted an increase in the number of gradu-
ates interested in taking up jobs in consul-
tancy. Sheryle Dirks, associate dean of Duke
University’s Fuqua School of Business says:
“In recent years, the consulting field has
increased its demand for MBAs, leading
the industry verticals for recruiting Fuqua
graduates. Finance and marketing continue
to hire a significant portion of our graduates,
with general management on the rise as well.
Health care and energy/environment will no
doubt continue to seek more MBAs as those
industries continue to gain prominence and
expand their global reach.”
Over at Michigan, Ross School of Busi-
ness reports growth in the MBA job market
last year. “The industries that had the greatest
demand for our MBAs were consulting, fol-
lowed by finance and marketing. The percent-
age of MBA graduates that had obtained jobs
in consulting has increased in recent years to
34% for the class of 2011,” says Valerie Suslow,
the school’s director of career development.
Latin America’s rise in MBA demand
Demand for MBAs in Latin America also saw
an increase. In 2011, demand rose by 47% and
is predicted to grow by a further 13% in 2012.
Adimark GfK in Chile, a market research
consultancy agency that is part of the global
consultancy firm GfK group, has witnessed an
increase in MBA hiring. Last year, it recruited
three MBAs in Chile.
Álvaro Larraín, managing director at the
Chilean firm predicts that MBA hiring will
increase in 2012 because: “MBAs strengthen
the organization, providing rigorous intel-
lectual and imaginative schemes. At the same
time, these are people who obviously want to
progress in their careers.”
In line with recruitment trends, a grow-
ing number of aspiring MBA students are
deciding to enroll at business school in order
to develop the skills needed to work in the
consultancy industry. The latest QS TopMBA.
com Applicant Survey found that only 10% of
MBA applicants held roles in consulting prior
to their degree, but 47% wished to work in
the industry after graduating.
Hastie of Bellfield Consulting advises
those who want to enter into consulting to:
“Look at what type of industry alumni of a
school typically go into and the relationship
the school has with consultancy firms. What
they’ll find is because consultancy firms are
very much in demand [among MBA job
seekers], they are extremely selective about the
people they take and the business schools they
recruit at.”
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M
BA alumni are continuing to move
away from traditional MBA roles and
into functions and industries not commonly
associated with business school graduates.
Fall in finance jobs
According to a recent QS survey, the
TopMBA.com Jobs and Salary Trends
Report 2011/12, demand for MBAs has
increased by 36% worldwide since 2009 – a
year which itself witnessed a 5% downturn
– and globally the recruitment picture has
almost returned to pre-downturn numbers
in some industries.
However, the picture is not rosy across
all MBA-hiring industries. In particu-
lar recruitment into investment banking,
previously a target for a large proportion of
MBA graduates, has fallen considerably.
Nick Barniville, MBA director at ESMT
European School of Management and
Technology in Germany, says: “MBA can-
didates targeting investment banking need
to be careful… hiring from MBA programs
has been at a near standstill for a couple of
years.”
The evidence of the slowdown in
investment banking recruitment of MBAs
comes from the business schools them-
selves. In reports detailing the recruitment
of MBA alumni from two of Europe’s most
prestigious schools with very strong finance
specializations, only 103 out of a com-
bined total of 1,388 (7.4%) alumni found
positions in the top 15 finance institutions,
including Barclays Capital, Goldman Sachs
and Deutsche Bank.
Talent shuffle across industries
At the time of writing, in early 2012
MBA recruitment was undergoing what
has become known as a ‘talent shuffle.’ Al-
though the QS survey forecasts an increase
in finance and consulting opportunities
for MBA candidates, the current situa-
tion shows that MBAs are either, be it by
necessity or by choice, taking on roles in
non-traditional MBA careers.
“Many of the top MBA programs are
forced to be more creative in uncover-
ing career opportunities for their students
these past two years,” says Dan Beaudry, an
expert in MBA career services and author
of Power Ties: the International Student’s
Guide to Finding a Job in the United States.
“Although traditional big MBA employers
have recovered from the drought in 2008/9,
we are not seeing a big pick up in financial
services recruitment, or any significant
upturn in demand among mid-sized
companies, which are conspicuous by their
absence in 2011.”
In a situation where traditional MBA
roles, such as investment banking are rarer
than before, and the number of MBAs grad-
uating has increased or remained the same,
MBAs are likely to move across industries
in search of decent salaries. Those alumni
more urgently requiring that they repay
their business school loans, in particular,
are looking at industries they may not have
considered before. The hi-tech industries are
experiencing a revival, while recruitment
in the pharmaceutical industry is returning
gradually to pre-crisis figures.
Pursuing a functionality
Tony Somers, director of career services at
HEC Paris, suggests that the talent shuffle
is a result of functionality: “Few MBA
students say something as specific as ‘I want
Shifting careers
move from traditional to
non-traditional MBA jobs
The hi-tech industries are
experiencing a revival, while
recruitment in the pharmaceutical
industry is returning gradually
to pre-crisis figures
Recent trends have shown MBAs moving into non-traditional
MBA jobs. Ross Geraghty explores the shift from the
traditional to the non-traditional
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a career at Google or in technology in
general.’ Rather they will target a function
and are prepared to move across industries
to fulfill that function.
“I see a number of application files and
rarely will people talk about the sector
they want to go to. They will say, ‘I want
a strategy function preferably in FMCG
[fast moving consumer goods]. ‘The focus
tends to be initially in function rather than
sector.’”
Rising interest in NGOs
One recruitment area that continues to see
major interest among modern MBAs is in
the charity or non-governmental organiza-
tion (NGO) sector. For an increasing pro-
portion of MBA candidates, instant financial
security is not the major motivator, at least
for a certain period of time after graduating
from business school.
In fact, according to research published
by Net Impact – a global organization that
provides advice on corporate responsibility
and social entrepreneurship, and which has
a membership base of over 10,000 students
and professionals – 15% of the MBA popu-
lation surveyed indicated that the current
economic climate has increased their inter-
est in non-profit roles.
Jeff Muzzerall, director of the corporate
communications centre at the Rotman
School of Management in Canada, agrees
that the talent shuffle has boosted interest
in non-profit roles: “Many of our students
have commented that ‘if I’m not making big
money, I might as well be making a contri-
bution to society and getting meaningful
experience at the same time.’”
New York’s CDC Development Solu-
tions, which took over MBAs Without Bor-
ders in 2010 and places MBAs in NGOs,
has noticed a large increase in the numbers
of MBAs contacting the organization.
“Business can do amazing things, at
home and in developing countries,” says Tal
Dehtiar, co-founder of MBAs Without Bor-
ders. “We send MBA graduates from all over
the world to work with small and medium
enterprises and not-for-profit organizations
in agriculture, health and regeneration. A lot
of this is strongly involved with microfi-
nance and innovative marketing strategies,
exactly the kind of skills that an MBA has.”
Such skills lend themselves to creating
innovative solutions to often extremely
complex business problems. Juan Jose
Ospina, an MBA alumni from the Uni-
versity of Chicago Graduate School of
Business, won a QS Leadership Scholarship
through the QS World MBA Tour in 2009.
He used his business acumen to challenge
the way conservative coffee farmers set up
their businesses, and as a result has encour-
aged the learning of future markets, and the
formulation of trading and hedging strate-
gies to revolutionize the coffee industry in
Columbia.
Importance of CSR
Many MBAs are becoming socially motivat-
ed, according to a variety of studies globally.
For them, working for a worthy company
that can show excellent credentials for their
social programs or strength in corporate
social responsibility (CSR) and sustainabil-
ity, is as important as a good salary.
Triin Visnapuu is an Estonian MBA
graduate who is currently working in
Morocco at a local handicapped women’s
association, Al Kawtar. The association pro-
vides women with the opportunity to learn
a craft and earn a living. She says, “The
organization now faces a situation where
it is required to restructure because an as-
sociation should not undertake commercial
activities. Hence, the women need to set up
a co-operative in parallel.”
Her role is to help the women of Al
Kawtar face these challenges and set up
a transparent and efficient management.
“During the first two weeks, I have tried to
get a better understanding of the ongoing
processes. I am touched by the underlying
optimism and joy of the life that they have.
Never before have I wanted to do a good
job quite as much as this.”
The pressures to find a career, at a time
when non-traditional MBA roles are tough
to find, are great. But not only are there
push factors, pushing alumni away from
roles in investment banking and finance,
there are pull factors elsewhere. The skills
that an MBA has learned are welcomed in
the sustainability, social responsibility and
NGO world with open arms.
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MEET OVER 300 OF
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The QS team and Admissions Directors look forward to
meeting you at one of our events around the world:
SPRING
NORTH AMERICA 7 - 16 FEB
Washington D.C. 7 February 2012
Boston 9 February 2012
Toronto 11 February 2012
New York 12 February 2012
Los Angeles 15 February 2012
San Francisco 16 February 2012
EUROPE 28 FEB - 22 MAR
Rome 28 February 2012
Lisbon 1 March 2012
London 3 March 2012
Vienna 5 March 2012
Budapest 6 March 2012
Brussels 8 March 2012
Paris 10 March 2012
Geneva 12 March 2012
Hamburg 15 March 2012
Frankfurt 17 March 2012
Almaty 19 March 2012
Moscow 22 March 2012
ASIA & INDIA 21 MAY - 3 JUN
New Delhi 21 May 2012
Mumbai 24 May 2012
Bangalore 26 May 2012
Beijing 31 May 2012
Shanghai 3 June 2012
AFRICA & MIDDLE EAST 7 - 18 MAY
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Lagos 12 May 2012
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Dubai 18 May 2012
www.topmba.com
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Pricing success
return on investment
of MBA programs
Assessing the return on investment is
an important step in deciding whether
to pursue an MBA. Ross Geraghty
looks at the factors to consider when
calculating the return on investment
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hen those involved in the business
school world – from deans, academ-
ics, and school faculty; to applicants, their
family, and their friends – ask how much it
costs to get on an MBA program, the result
often leaves them spluttering into their cof-
fee with shock.
After all, business school requires what
can seem, especially to those who have
no interest in furthering their business
education, an enormous upfront outlay of
fees and annually accrued expenses. This is
especially true when the MBA candidate,
as is very often the case, chooses to study
overseas.
Assessing the annual expenditure rate
Harvard Business School for instance,
estimates an annual US$84,000 expenditure
for a single MBA student. This includes fees,
estimated accommodation and personal
costs. However, the figure could tip into the
six-figure sum when travel, books, study
trips and other outgoings are factored in.
Most schools will have lower fees than
Harvard. But for the international student
in particular, considering an investment like
this naturally requires a great deal of consid-
eration and soul-searching.
Cost versus investment
While many will ask “how much does
an MBA program cost?” you’ll note that
schools in particular try to avoid the word
‘cost’ wherever possible. The best advice is
that business school ought not to be mea-
sured as a ‘cost’ but as an ‘investment.’
“An MBA is not like a motor car,” says
one Melbourne Business School MBA
alumni. “When you buy a car you use it
until, if you’re lucky, you can sell it in a few
years’ time at a depreciated fraction of the
Business school ought not to be
measured as a ‘cost’ but as an
‘investment’
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amount you paid for it. An MBA is the op-
posite. It appreciates in value over time.”
Even in these stringent times, the MBA
is time and again proving its worth as a
qualification. The management degree not
only opens up international barriers, but al-
lows for career progression or career change.
However as average salary figures included
in the recent QS Global 200 Business
Schools Report show, it retains a very high
level of return on investment.
Mary Granger, associate director of
admissions and career services at ESADE
Business School in Spain, agrees: “Despite
the tough economic climate in many
mature markets, today’s MBA graduates
are global players with language skills and
geographic flexibility who are able to use
the knowledge acquired in their MBA
wherever companies need them.
“We see recent growth in fast-growing
countries such as Brazil, India, United
Arab Emirates and South Africa, as well as
other emerging markets which have been
relatively isolated from the global crisis, and
where the MBA skills can be put to good
use. So return on investment has remained
high on a global scale.”
Calculating the return on investment
In general terms, return on investment is
best thought of as the amount of time it
will take you to repay your MBA program
expenditure; given that almost all MBA
alumni experience uplift in their salary
within a year of completing their program.
Let’s use Oxford University’s Saïd Busi-
ness School as an example. Referring to
TopMBA.com’s business school profiles,
it’s easy to find that the mean-base salary
for MBA alumni taking job offers within
three months of completing the Saïd MBA
is equivalent to US$98,000. Furthermore, it
shows that 60% of alumni go into finance,
accounting or consulting. To live comfort-
ably and pay all their fees, the student will
need US$84,000 for the year, according to
the school.
The latest TopMBA.com Applicant
Survey found that the current average salary
among MBA applicants in the UK is just
under US$61,000. This shows a salary uplift
of US$37,000 per year, therefore the time
required to repay that initial investment is
less than two-and-a-half years. Given an
average work expectancy of around 35 years
at a high rate of earning, this seems like a
no-brainer, especially considering factors
such as performance-related bonuses and
scholarships, which may shorten this time
period even more.
For Nick Barniville, MBA director
at ESMT European School of Manage-
ment and Technology in Germany, this
mathematical approach has some value. He
suggests that looking at business school and
applying the kind of financial models that
MBA programs encourage, is an advanta-
geous way of working out whether an
MBA degree at a certain school makes a
reasonable investment.
“Potential MBA students make their
decision based on their calculation of the
net present value (NPV) of the investment,”
he says. “[MBA candidates] take the oppor-
tunity cost of foregoing their current salary
for either one or two years, add this to the
price of tuition, minus any financial aid
available and living expenses in their target
cities, and compare this to the expected
increase in income that they are likely to
earn over their career post-MBA. All else
being equal, the school which has the high-
est NPV will be chosen.”
Working out the average MBA salary
It is a good idea to look closely at the salary
figures provided by business schools. This
is an ‘average salary’ that alumni have told
their schools, but beware – these are two
parties for whom a higher figure looks bet-
ter than a lower one.
However, identifying return on invest-
ment is not an exact science and it’s often
one that is hard to pin down, as most of
the figures are inexact or based on averages.
Most people will use the ‘average salary
upon completion’ of the MBA program,
which can be found on most school’s
websites.
Additionally, this average is going to
be far higher for a school such as London
Business School, which produces a dispro-
portionately high number of financiers and
investment bankers.
Another factor to consider is: at which
stage in an alumni’s career does a school
take the average salary figure? At their first
post-MBA position, or at one, five, or even
ten years after graduation, when a salary
is likely to be far higher? Candidates need
to look carefully at what a realistic return
on investment is for them as an individual.
What is the likely salary window they are
going to be operating in when they com-
plete their studies?
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T
he revised General Record Examina-
tions (GRE) was launched last August,
and with the new Graduate Management
Admission Test’s (GMAT) integrated rea-
soning (IR) section nearing release, debate
over which is the ‘better’ test for business
school admission intensifies.
Changes to both the GMAT and GRE
were made with the view to provide a more
reliable measure of a test-taker’s qualitative
and quantitative abilities during business
school and beyond.
Reflecting real-life business scenarios
The Educational Testing Service (ETS),
creators of the GRE, has introduced new
questions to measure the type of thinking
and skills needed in real-world business
management.
Sample questions of the revised test
present scenarios related to salaries, policy
making, and IT, in order to measure verbal,
analytical and quantitative reasoning skills.
This is among other changes that include
test-score scales, design and format.
Sharon Lawler-Sudell, brand director of
the GRE program at the ETS says, “Test
content is more closely aligned with the
verbal reasoning, quantitative reasoning,
critical thinking and analytical writing skills
students need to succeed in graduate or
business school.”
The GMAT IR section has a similar
objective, but specifically measures a test
taker’s ability to extract and analyze com-
plex data.
Test takers will be expected to answer 12
questions within four sections – graphic in-
terpretation, two-part analysis, table analysis,
and multi-score reasoning.
Unlike the exam’s other sections (verbal,
quantitative and analytical writing), which
are delivered through a computer adap-
tive testing algorithm, IR questions will be
fixed.
A reliable predictor?
Although the aim of the test reforms
are clear – to assess the skills needed in
business management – there are mixed
feelings as to whether the changes will
provide an accurate and reliable reflection
of a candidate’s ability.
Brian Galvin, director of academic
programs at the test prep organization
Veritas Prep, believes the GMAT IR sec-
tion will provide an accurate measure, es-
pecially compared with the other sections
of the GMAT.
“The GMAT is an extremely well-
written reasoning exam. But if it has limi-
tations, then one might be that the skills at
least seem abstract to students – when will
they use geometry as a brand manager?
The problem solving skills from geometry
are extremely valid, but the content may
be a bit out of MBA scope,” he states.
However, he adds: “The IR section
examines the same type of problem solving
and critical reasoning skills but through the
lens of mini businesses. It’s quite reflective
of what you will do as an MBA student
and graduate.”
John Roeder, director of admissions at
Vanderbilt University’s Owen Graduate
School of Management, agrees: “The ability
to interpret multiple sources of quantitative
and qualitative data, then draw conclusions,
is a skill we want to screen for. These are
the synthesizing abilities that make or break
an executive’s success in the business world.
With the new IR, GMAC is giving us that
extra piece of information that MBA ad-
missions professionals have been asking for.”
Others have expressed similar optimism
over the new GRE in providing an accurate
predictor of a candidate’s ability: “ETS
has done a lot of analysis and they believe
that its scores are as good as, or better than
GMAT at predicating business school suc-
cess,” says Andrew Mitchell, director of pre-
business programs at Kaplan Test Prep.
However, some admission directors
remain unsure. Anne Sandoe director of
MBA programs at Leeds School of Business
at CU-Boulder in the US says it is too
early to tell whether the changes will pro-
vide an accurate measure of a candidate’s
business potential.
Testing for successful
business leaders
GMAT or GRE?
Some students commencing their MBA in 2012 will be
among the first to enter business school having taken
the new integrated reasoning section of the GMAT or the
revised GRE. Kin Ly takes a closer look at the implications
of the test changes
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GMAT or GRE?
While a growing number of business
schools have accepted the GRE for MBA
admission, experts generally advise those
who are certain of a career in business to
take the GMAT. Those interested in post-
graduate education but are not entirely sure
about specializing in business management
are advised to go for the GRE.
“If you are only applying to business
school, it is still safer to take the GMAT,”
says Mitchell of Kaplan Test Prep. The
GMAT is accepted at almost every busi-
ness school in the world and a high score
will mean you’ll be a strong candidate for
the majority of business schools across
the globe.
“However, if you’re interested in other
areas as well as business, such as engineer-
ing, then the GRE is a good alternative,”
he adds.
Tami Fassinger, director of admissions
at Vanderbilt’s Owen Graduate School of
Management, agrees, “GMAT scores send
the message that the student is sure about
an MBA. It is the tried predictor of core
performance in MBA programs, and is
especially key to us at our school,” she says.
However she adds that the school is
supportive of those who want to submit
a GRE score. She says in cases where a
prospective business school student has
obtained a high GRE and has gone on to
obtain another graduate degree, or gained
substantial work experience, the school is
likely to accept the GRE score.
“With these candidates, we will explore
and ascertain whether their career plans are
solid,” she says.
Changes may create a sense of concern
among those who will be taking either one
of the reformed exams. Though the best
way to overcome these initial fears is to
plan and prepare.
O
v
e
r
c
o
m
i
n
g

i
n
i
t
i
a
l

f
e
a
r
s

o
f

t
h
e

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I
R
A
s th
e
lau
n
c
h
o
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e
n
ew
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te
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rate
d
re
aso
n
in
g
se
c
tio
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c
o
m
e
s in
to

sig
h
t, m
an
y
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ro
sp
e
c
tiv
e
M
B
A
stu
d
e
n
ts h
av
e
c
o
n
tac
te
d

T
o
p
M
B
A
.c
o
m
, c
itin
g
w
o
rrie
s o
v
e
r fi ttin
g
in
e
x
tra p
re
p
w
o
rk
. B
rian

G
alv
in
, d
ire
c
to
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ic
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g
ram
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e
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ic
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itial fe
ars
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h
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in
te
g
rate
d
re
aso
n
in
g
se
c
tio
n
isn
’t re
ally
‘n
ew
,’ it’s ‘in
te
g
rate
d
.’ It
te
sts fo
r th
e
sam
e
sk
ills th
at o
th
e
r se
c
tio
n
s o
f th
e
G
M
A
T
are

se
arc
h
in
g

fo
r fl aw
s in
lo
g
ic, p
ro
b
le
m
so
lv
in
g
, d
ata su
ffi c
ie
n
c
y, an
d
re
ad
in
g
c
o
m
p
re
-
h
e
n
sio
n

it’s ju
st d
e
liv
e
re
d
w
ith
a slig
h
t tw
ist.
S
tu
d
y
in
g
fo
r th
e
m
u
ltip
le
c
h
o
ic
e
se
c
tio
n
s w
ill h
e
lp
y
o
u
p
re
p
are
fo
r
IR
, an
d
stu
d
y
in
g
fo
r in
te
g
rate
d
re
aso
n
in
g
w
ill h
e
lp
y
o
u
o
n
th
e
q
u
an
t an
d

v
e
rb
al. It’s n
o
t ‘n
ew
’ e
n
o
u
g
h
in
c
o
n
te
n
t o
r c
o
n
c
e
p
t to
w
o
rry
ab
o
u
t.
B
u
t it is ‘n
ew
’ in
o
n
e
re
sp
e
c
t –
sc
h
o
o
ls w
o
n
’t k
n
o
w
w
h
at to
m
ak
e

o
f it y
e
t. T
h
e
G
M
A
T
h
as b
e
e
n
w
id
e
ly
u
se
d
fo
r d
e
c
ad
e
s so
its sc
o
re
s are

v
alid
. S
c
h
o
o
ls k
n
o
w
w
h
at a 7
3
0
v
e
rsu
s a 6
8
0
m
e
an
s. T
h
ey
c
an
trac
k
th
e

h
isto
ric
al p
e
rfo
rm
an
c
e
o
f th
e
ir stu
d
e
n
ts b
y
G
M
A
T
sc
o
re
an
d
u
se
th
e
sc
o
re

p
re
d
ic
ativ
e
ly
: “
W
ith
y
o
u
r b
ac
k
g
ro
u
n
d
an
d
sc
o
re, are
y
o
u
lik
e
ly
to
b
e
su
c
-
c
e
ssfu
l?”
T
h
e
n
ew
se
c
tio
n
d
o
e
sn
’t h
av
e
th
at h
isto
ry
y
e
t, so
it’s u
n
lik
e
ly
th
at a
sc
h
o
o
l w
o
u
ld
lo
v
e
ev
e
ry
th
in
g
e
lse
ab
o
u
t y
o
u
b
u
t b
e
sc
are
d
o
ff b
y
a m
e
-
d
io
c
re
IR
sc
o
re. A
n
d
b
y
th
e
sam
e
to
k
e
n
an
am
azin
g
IR
sc
o
re
w
o
n
’t lik
e
ly

m
ak
e
u
p
fo
r a lac
k
lu
stre
p
e
rfo
rm
an
c
e
in
th
e
re
st o
f th
e
G
M
A
T
.
B
e
c
au
se
th
e
IR
q
u
e
stio
n
ty
p
e
s o
v
e
rlap
so
m
u
c
h
w
ith
th
e
re
st o
f th
e

te
st, IR
p
rac
tic
e
isn
’t so
m
u
c
h
‘m
o
re
’ to
stu
d
y
fo
r. It sim
p
ly
g
iv
e
s y
o
u

m
o
re
o
p
p
o
rtu
n
ity
to
sh
arp
e
n
an
d
so
lid
ify
th
e
sk
ills th
at y
o
u
’re
alre
ad
y

p
rac
tic
in
g
.
L E A R N A N D A D VA N C E
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I
n a world that is growing more integrat-
ed by the year, the importance of future
business leaders having an international out-
look cannot be underestimated.
In their quest to ensure MBA students
are given the international exposure needed
to operate in the heavily globalized world
that they work in, many business schools
place a high importance on international
class diversity.
As shown in the QS Global 200 Business
Schools Report 2012, European business
schools are particularly good at attracting
an internationally diverse applicant pool,
which translates into high percentages of
diversity in their MBA classes. Employers
clearly value this, as is represented by many
European schools that score well in the
international management rating.
Meanwhile, many business schools
in Asia struggle to attract international
students to their programs, particularly in
mainland China and India. With such glob-
ally influential economies, this is an area
that some schools will need to work on
in order to ensure that the region’s future
business leaders are able to operate in the
internationalized environment that they are
needed in.
At the same time, it should be noted
that for the most part, business schools in
Asia are still very much in the develop-
ing stages. However, the rapid rise in the
number of schools meeting the criteria
for the QS Global 200 Business Schools
Report in recent years is very impressive. It
points to a fast-paced increase in the quality
of the region’s MBA programs, which are
increasingly being recognized by inter-
national employers. Since 2004, 26 extra
business schools based in the Asia-Pacific
region have achieved an index of employer
vote score high enough for inclusion in
the report. This brings the total number of
schools from the region to 36.
At an even earlier stage of develop-
ment, institutions from Latin America and
Africa and the Middle East are also showing
promise in terms of employer opinion. In
Latin America, the fast-growing economies
Internationalization
of the MBA
QS Global 200 Business
Schools Report 2012
One theme
in particular
stands out:
Indian business
schools are
fast gaining
popularity
among MBA
employers
Based on the opinions of over 2,000 MBA employers
worldwide, the QS Global 200 Business Schools Report
provides detailed ratings of the top 200 business schools by
region and MBA specialization. Nunzio Quacquarelli, author
of the report, provides an in-depth analysis of the ratings
and associated MBA hiring trends.
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employers to consider hiring from business
schools located there; while in Africa and the
Middle East, government investment and po-
litical change is likely to attract more schools
to the region.
Rise of the BRIC nations
Throughout the QS Global 200 Business
Schools Report, one theme in particular
stands out: Indian business schools are fast
gaining popularity among MBA employ-
ers. In almost all specialization ratings,
Indian schools have climbed considerably
when compared to last year. This is even
the case for international management,
as while Indian business schools feature
lower down the rating than they do in
other specializations, they are still climb-
ing and showing promise in developing a
greater international outlook among their
MBA graduates.
Mainland China follows its special
administrative region, Hong Kong in gain-
ing greater prominence among interna-
tional employers of the country’s business
schools. With close ties to the UK and a
financial powerhouse of the world, Hong
Kong has long been considered to house
some of the region’s most respected busi-
ness schools, and features strongly in the
QS Global 200 Business Schools Report.
However in recent years, business
schools located in mainland China are
being viewed on a similar level to those
in Hong Kong. This represents a rapid rise
in international employer reputation for
China’s top business schools. In part, this is
due to close working ties with some of the
most respected institutions in Europe, but
also as a result of China’s huge economic
expansion creating a need for international
businesses to hire executives with a strong
understanding of Chinese business.
Although the region’s management ed-
ucation sector is still developing, economic
expansion is also the reason that we can
see countries in Latin America improving
their reputation among employers. Chile,
though not one of the BRIC nations, and
Brazil are home to the top four business
schools in the region, showing signifi-
cant improvements since last year. At the
same time, both counties’ economies have
undergone major expansion in the past de-
cade, which has encouraged international
employers to look to local business schools
when hiring MBA graduates.
Russia is the only BRIC nation not
represented in the QS Global 200 Business
Schools Report 2012 – a result of the
strong focus on local markets among Rus-
sian business schools. While local markets
are important to the country, in order to
ensure it caters for internal business needs,
a greater international presence in Russian
business school curricula could help the
internationally reserved country to achieve
greater global economic prominence.
Specializations in MBA education
Recent months have seen huge public pro-
tests around the world against the perceived
greed of many high-level business executives
and the organizations that they run. Further,
business schools received a degree of blame
for what some believe to be a failing in the
teaching of corporate social responsibility
(CSR) in their programs. Whether or not
the blame was rightly placed, MBA programs
have evolved since the onset of the current
global economic difficulties. Business schools
constantly alter their MBA programs in order
to reflect the needs of global business and
the world that they operate in, and the trend
of an increased emphasis in the nurturing of
CSR values is reflective of that.
Innovation and entrepreneurship have
become greatly valued by MBA employers
around the world. The two specializations,
which are so closely linked that some busi-
ness schools merge the two fields into one
department, are also valued by governments
as they look to business innovation and the
entrepreneurial mindset of future business
leaders to create economical growth during
a tough economic climate. In Europe in
particular, MBA graduates with innovative
and entrepreneurial ideas in the field of
finance will be of great use in helping the
continent to avoid its own ‘Lehman mo-
ment’, which if it happens, could plunge the
global economy into previously uncharted
financial difficulties.
L’AGEFI. Dans la finance on gagne à être bien informé.
NCUVLAU
NCUVLAU
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North America: a must-have for
MBA recruitment
Despite the ongoing economic troubles
over the past few years, business schools in
the US and Canada remain highly relevant
to global MBA employers and a must-have
for domestic employers.
As the historical home of business
schools and MBA education, North Ameri-
ca has always been an attractive location for
employers to recruit MBAs from.
Those featuring in the top 10 have
received more than 95 in the employers’
index vote, a testament to the quality and
high level of competition among business
schools in North America.
Although average salary figures do not
make up the QS rating, the North America
table indicates a clear correlation between
the highest average salaries and the business
schools that appear in the top cluster. This
is indicative of the salaries that employers
are prepared to pay for graduates from the
business schools that they value the most.
QS’ research reveals the
top 200 business schools
around the world
Nunzio Quacquarelli, author of the QS Global 200 Business
Schools Report takes a closer look at the schools that
made it into the top-tier, as voted for by over 2,000
employers around the world
Source: QS Global 200 Business Schools Report. The schools featured above are only those rated in the top cluster
of each region. To access the full rating, visit: TopMBA.com/global-200-12
North America’s top business schools according to MBA employers around the world
2012 2011 Institution Country
Employer
Index
Avg Salary
(US$)
5 5 Columbia Business School, Columbia U. US 100.0 106,000
19 29 Desautels Faculty of Management at McGill U. CA 69.3 88,000
8 8 Haas School of Business, UC Berkeley US 98.3 107,000
1 1 Harvard Business School US 100.0 113,000
13 18 Joseph L. Rotman School of Management, U. of Toronto CA 89.4 85,000
16 19 Queen’s School of Business CA 75.0 77,000
12 15 Richard Ivey School of Business, The U. of Western Ontario CA 93.2 90,000
17 30 S.C. Johnson Graduate School of Management, Cornell U. US 71.9 97,000
18 31 Sauder School of Business, U. of British Columbia CA 71.7 73,000
7 7 Sloan School of Mgmt, Massachusetts Institute of Tech. (MIT) US 100.0 101,000
2 4 Stanford U. Graduate School of Business US 100.0 119,000
14 12 Stern School of Business, New York U. (NYU) US 85.0 100,000
10 10 The Fuqua School of Business, Duke U. US 96.5 102,000
3 3 The Kellogg School of Management, Northwestern U. US 100.0 111,000
6 6 The U. of Chicago Booth School of Business US 100.0 103,000
4 2 The Wharton School, U. of Pennsylvania US 100.0 110,000
9 11 UCLA Anderson School of Management US 98.1 96,000
11 9 U. of Michigan, Ross School of Business US 93.9 99,000
15 13 Yale School of Management, Yale U. US 75.6 98,000
20 31 York U. Schulich School of Business CA 65.7 87,000
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Europe: the forefront of innovation
European business schools continue to be
at the forefront of innovation in business
education, ensuring they attract top interna-
tional talent, which in turn appeals to global
MBA employers. Despite the economic
woes of the region, 2011 was a record year
for employment statistics among European
business schools. They are supplying MBA
talent not only to local employers in the
region, but also to employers across Asia, the
Americas and the Middle East.
Today, Europe has a large cluster of
top-rated business schools, challenging the
hegemony of US schools.
The UK remains the leader in Europe
in terms of employer opinion of MBA
graduates. The majority of business schools
featured in the European rating are from
the UK – a total of 22 out of 67 schools
(33%). Furthermore, the UK is the country
with the largest amount of business schools
in the top cluster.
Spain and France also have numerous
business schools that are favored by employ-
ers. Spain has three business schools in the
top cluster, while France has two.
The hiring preferences of employers
are reflective of the top three European
destinations for MBA study among prospec-
tive students. According to the latest QS
TopMBA.com Applicant Survey, 46% of
prospective students want to take their
MBA in the UK, 24% in France and 21%
in Spain.
Source: QS Global 200 Business Schools Report. The schools featured above are only those rated in the top cluster
of each region. To access the full rating, visit: TopMBA.com/global-200-12
Europe’s top business schools according to MBA employers around the world
2012 2011 Institution Country
Employer
Index
Avg Salary
(US$)
13 22 Central European University, CEU Business School HU 69.8 69,000
11 17 Copenhagen Business School DK 82.8 112,000
7 6 ESADE Business School ES 97.4 89,000
14 27 European Business School (EBS) DE 67.3 -
9 7 HEC MBA Program (Paris) FR 93.1 -
5 9 IE Business School ES 99.1 82,000
4 4 IESE Business School, University of Navarra ES 99.7 111,000
8 8 IMD CH 96.0 125,000
12 14 Imperial College Business School, Imperial College London UK 77.8 112,000
1 1 INSEAD - France FR 100.0 107,000
10 11 Judge Business School, University of Cambridge UK 92.8 94,000
2 2 London Business School UK 100.0 113,000
3 3 Oxford University, Said Business School UK 99.8 101,000
6 5 SDA Bocconi School of Management IT 98.0 93,000






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Latin America: developing MBA education
The majority of employers in Latin
America are still looking to hire MBAs
educated at the best international business
schools in North America and Europe. On
the other hand, the local demand that does
exist in Latin America tends to be on a
country basis, with few employers recruit-
ing across borders.
Few business schools in Latin America
have been successful in developing an
international reputation. As a result, they
are unable to attract as many international
students as schools in Asia – a region which
only a decade ago, could more easily be
compared in terms of the quality and avail-
ability of MBA education.
The Latin American ratings have shown
big changes compared to last year, repre-
senting the fact that the business education
market is still developing in terms of its
reputation among international employers.
A Chilean business school, Pontificia Uni-
versidad Católica de Chile has climbed to
the top spot, which further points towards
the region’s developing economies.
Latin America’s top business schools according to MBA employers around the world.
2012 2011 Institution Country
Employer
Index
Avg Salary
(US$)
2 3 Business School Sao Paulo BR 49.7 68,000
5 4 EGADE-Tecnologico de Monterrey, Campus Monterrey MX 47.4 50,000
3 6 Fundacao Getulio Vargas BR 48.0 -
6 7 IAE Business School, Universidad Austral AR 40.9 -
7 5 INCAE Business School CR 31.0 28,000
8 2 Instituto Tecnologico Autonomo de Mexico (ITAM) MX 29.3 -
1 8 Pontificia Universidad Católica de Chile CL 63.4 15,000
4 10 Universidad de Chile CL 47.8 -
9 9 ESAN, Escuela de Administracion de Negocios para Grad-
uados
PE 20.8 -
10 1 IPADE Business School, Universidad Panamericana MX 17.3 56,000
Source: QS Global 200 Business Schools Report. The schools featured above are only those rated in the top cluster
of each region. To access the full rating, visit: TopMBA.com/global-200-12
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Asia-Pacific: a strengthening role in the
global MBA scene
Year-on-year, business schools in the Asia-
Pacific region are strengthening their role
in the global MBA education scene. For
example, the number of Asian and Austra-
lian schools featured in the QS Global 200
Business Schools Report has increased from
10 in 2004 to 36 in 2011 – a massive rise in
just seven years. The rapid rise in the num-
ber of internationally recognized schools
is indicative of the improving standards of
Asian institutions; employers increasingly
recognize the quality of MBA graduates
from certain schools in the region.
Business schools in Asia-Pacific are
looking at the standard of top US and
European institutions as indicators of how
they compare and where they could im-
prove. Furthermore, the economic growth
in some Asian countries, particularly in
China and India, has heightened the de-
mand for more accredited business schools
in order to train the next generation of
successful business leaders.
Middle East and Africa MBAs: future promise
The business schools in this year’s rating for
the Africa and Middle East region have all
featured in previous years. Three out of five
of the schools are located in South Africa.
There are many more business schools
across the African continent, but manage-
ment education is still in its infancy and it
will take many years before these schools
achieve real prominence on the interna-
tional stage.
In general terms, business education in
the Middle East is in the very early stages
of development. However, with the region
looking to diversify its economy away from
a strong reliance on the extraction and
trade of natural resources, countries such
as the United Arab Emirates and Qatar are
investing in attracting management educa-
tion providers from abroad to help train
local business leaders and future-proof
their economies.
Asia-Pacific’s top business schools according to MBA employers around the world.
2012 2011 Institution Country
Employer
Index
Avg Salary
(US$)
2 6 Indian Institute of Management, Ahmedabad IN 90.5 67,000
1 1 INSEAD - Singapore SG 96.5 -
3 2 Melbourne Business School, The University of Melbourne AU 88.5 112,000
4 3 NUS Business School, National University of Singapore SG 86.3 75,000
9 7 China Europe International Business School (CEIBS) CH 51.3 51,000
8 12 Indian Institute of Management Kolkata IN 52.9 28,000
5 5 Indian Institute of Management, Bangalore IN 62.3 30,000
7 9 Indian School of Business IN 53.5 100,000
14 11 Macquarie Graduate School of Management, Macquarie U. AU 38.4 121,000
15 13 Monash University Faculty of Business and Economics AU 35.7 85,000
12 10 Nanyang Business School, Nanyang Technological University SG 39.9 70,000
11 28 Peking U., Beijing International MBA Programs - BiMBA CH 41.3 -
16 14 S. P. Jain Institute of Management and Research IN 23.6 28,000
13 18 Sydney Business School, University of Wollongong AU 39.1 103,000
18 19 ANU College of Business and Economics AU 23.3 63,000
10 8 The HKUST Business School HK 49.2 133,000
17 16 The U. of Hong Kong, Faculty of Business and Economics HK 23.4 70,000
6 4 University of New South Wales, AGSM MBA Programs AU 57.7 113,000
Source: QS Global 200 Business Schools Report. The schools featured above are only those rated in the top cluster
of each region. To access the full rating, visit: TopMBA.com/global-200-12
Middle East and Africa’s top business schools according to MBA employers around
the world.
2012 2011 Institution Country
Employer
Index
Avg Salary
(US$)
2 1 American University in Cairo EG 36.6 75,000
1 2 University of Cape Town, Graduate School of Business ZA 42.7 50,000
4 7 The Suliman S. Olayan School of Business, The American
University of Beirut
LB 14.0 40,000
3 5 University of Stellenbosch Business School ZA 15.9 50,000
5 6 University of Witwatersrand ZA 11.6 50,000
Source: QS Global 200 Business Schools Report. The schools featured above are only those rated in the top cluster
of each region. To access the full rating, visit: TopMBA.com/global-200-12
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Bubbling with
success: an MBA
alumni profile
Coca-Cola’s CEO talks to the TopMBA
Career Guide about how an MBA
helped him prepare to lead the
world’s largest beverage company
M
uhtar Kent never set out to become
the leader of a multinational orga-
nization after he graduated with his MBA
in 1977. He began his post-MBA job hunt
looking for two things – a worldwide and
diverse organization and the potential
for career growth. Now, he is leading the
world’s largest beverages organization – The
Coca-Cola Company.
His journey to the top of Coca-Cola,
where he holds the position of chief execu-
tive officer (CEO) and chairman of the
board of directors, started when he saw
a classified advert for a position with the
125-year-old beverages company.
“To be honest, I wasn’t thinking spe-
cifically about becoming a CEO at a large
consumer-based organization. I just knew
that I wanted to be part of a world class
company, in a growth industry, and part of
an organization where diversity was valued
and where there was a global perspective.”
Muhtar Kent
Chairman of the board and
chief executive officer
The Coca-Cola Company
My MBA
experience
taught me to
refine both
the analytical
side of my
thinking and the
creative and
emotional side
Climb to the top
Kent’s career with Coca-Cola spans three
decades and it began one year after he
graduated with his MBA from Cass Busi-
ness School in London, England. He joined
Coca-Cola in Atlanta in 1978 and held a
variety of marketing and operations roles
prior to 1985, when he ascended to the role
of general manager of Coca-Cola Turkey
and Central Asia.
Kent’s promotion in 1989 saw him man-
aging Coca-Cola’s operations in 23 coun-
tries as president of Coca-Cola East Central
Europe division and senior vice president
of Coca-Cola International. He later took
up the position of managing director of
Coca-Cola Amatil Limited Europe, leading
bottling operations in 12 countries between
1995 and 1998.
His brief departure from the global
beverages company in 1999 made way for
an executive position at the Istanbul-based
brewery, Efes Beverage Group, brewers of
Turkey’s best selling beer, Efes Pilsen.
Six years later, Kent returned to Coca-
Cola as president and chief operating officer
for the North Asia, Eurasia and Middle East
group in 2005. His remit expanded to in-
clude operations in other countries includ-
ing China, Japan and Russia in 2006. In the
same year, Kent became the president and
chief operating officer of The Coca-Cola
Company, where he oversees all opera-
tions of the business. In just two years, Kent
received one of the biggest promotions of
his career yet – he was appointed as chief
executive officer of The Coca-Cola Com-
pany, and later took on the role as chairman
of the board of directors in 2009.
Looking back at the start of his career
with Coca-Cola, he says, “The company
has embodied so many of the characteristics
and attributes that I was looking for and
which captivated me as a young graduate –
and it still does.”
Invaluable MBA lessons
Kent says his business success stems partly
from his MBA studies at Cass.
“My MBA experience taught me to
really refine both the analytical side of my
thinking and the creative and emotional
side – something that has paid off in droves
as I have progressed through my career,”
Though the most valuable lesson from his
MBA was learning to take a holistic ap-
proach to business, “It teaches you to have
a holistic view of the mechanics, strate-
gies and psychology of business. That was
invaluable to me.”
When asked what he enjoyed most
about studying for an MBA, Kent says it
was the challenges. As with many MBA
programs, one of the biggest challenges that
students face is the pressure of managing as-
signments and coursework with family and
personal commitments. But looking back
at his time at Cass, he says “My MBA years
forced me to stretch myself and juggle de-
manding classes and group assignments. You
can’t survive in a rigorous MBA environ-
ment unless you force yourself to prioritize
and focus, and make the right judgment
calls when it comes to your personal life.
For me, I also had the added bonus of really
enjoying the classes, the teachers and the
camaraderie.”
However, his least favorite aspect of his
MBA experience was not related to the
program, but the UK’s winters, “Coming
from a Mediterranean climate, the grey and
misty UK winters could be a bit relentless.
Fortunately or unfortunately, depending
on how you look at it – my demanding
coursework forced me to be inside most of
the time with my books.”
Turning MBA study to business reality
Kent’s advice for business management
success is to transfer the skills and knowl-
edge learnt from the MBA classroom to
the realities of the business world.
“Don’t let the curriculum force you to
think in the abstract. If you’re already an
entrepreneur or a manager in a business,
transfer what you’ve learnt in class to the
realities of the real world.
“If you haven’t had business experience,
use this time to cultivate the knowledge
resources and relationships that you will
need later on when you venture out on
your own. Most of all enjoy this experi-
ence. An MBA will be more valuable in
the coming years than it has ever been.”
Kent says an effective leader requires a
strong strategy: “To effectively lead in an
organization, particularly a large one, you
first need to develop a vision of where you
want to go and have an effective strategy
on how to get there.
“Always be flexible, so you can con-
stantly refine and fine tune as you go
along. You also need to be able to effec-
tively process a lot of information coming
to you from many angles and be able to
act effectively on that information. Being a
fast mover is critical. You also have to have
an ability to relate to people, read people,
and forge strong relationships at all levels
and stages in your career.”
3
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J
ust a few weeks before graduating with
an MBA from Michigan Ross School of
Business in the US, Christian Rodriguez
landed his dream job as senior relationship
manager at one of the biggest banks in Peru
– Banco de Crédito del Peru (BCP).
The exciting opportunity sees him
managing BCP’s relationships with leading
banks around the world, where his exper-
tise is being used to negotiate credit lines
and funding rates.
“The most exciting and challenging
task in this position is having to actively
negotiate with several banks within a global
financial environment that is marked by
volatility,” he says.
Rodriguez achieved the career goals
he set for himself. He gained an MBA
qualification from a top business school and
found his dream finance job at one of the
leading banks in the Latin American region.
“It was clear to me that I wanted to
go back to Peru after getting my MBA, so
everything came full circle and I couldn’t
be happier,” he explains.
A winning scholarship application
Rodriguez pushed further ahead with his
MBA application after winning the QS
Leadership Scholarship, worth US$10,000.
“I clearly remember when I got the
e-mail with details of how to apply for the
scholarship. I had just arrived in Ann Arbor
in the US, and was still unpacking, when
I thought to myself, ‘I do have compelling
leadership experience and I attended the
QS World MBA Tour in Peru, so let’s give it
a try’,” Rodriguez says.
The key to a successful scholarship
application is investing significant time to
planning and structuring the application
essay. “I thought for several days about my
main achievements to date and identified
the ones that reflected the impact my ac-
tions had on a broader scale,” Rodriguez
explains.
“I wanted to make my case clearly by
laying out the story in a captivating way.
First, I outlined the problem at the very
beginning of the essay in an easy and com-
pelling way. Then, I elaborated on all the
actions I took to solve that problem. Finally,
I quantified the impact of my actions.
“I think my application was success-
ful because the essay demonstrated that
barriers can be overcome regardless of age
or experience. I outlined how the actions I
took had an impact in a developing coun-
try such as Peru.”
Work experience, then MBA
During his college years, Rodriguez had
made up his mind about taking an MBA.
After graduating he set out to work full
time to gain the years of work experience
needed to apply for business school.
PUTTING MY
MBA DREAM
IN FOCUS
QS scholarship winner
I think my
application
was successful
because
the essay
demonstrated
that barriers can
be overcome
regardless
of age or
experience
The QS Leadership Scholarship for
MBAs helped one aspiring business
leader reach his career goals
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Rodriguez held positions in the public
and academic sectors for five years, before
taking the decision to embark on the MBA
application process.
“After I finished college, I worked for a
government agency called Prompyme and
later at a Peruvian university, Universidad
Peruana de Ciencias Aplicadas (UPC). The
work routine and being financially indepen-
dent is really enticing. That was the comfort
zone and time began to pass by,” he says.
Getting dreams back on track
“Five years later, I reflected on my career,
and I decided it was time to get my MBA.
I was no longer enjoying routine and I
decided that I needed a change for good. I
thought the best way to do that was to get
back on track with my dreams and get my
MBA from a top business school.”
The application process wasn’t an easy
task. Rodriguez took a diagnosis test for
the Graduate Management Admission Test
(GMAT) and the results of that indicated
a reasonable score, but one he felt wasn’t
high enough for the programs he was
aiming for.
He enrolled onto a GMAT test prep
program seven months before he was
scheduled to take the admission test.
“Preparation was tough and I spent
several nights and weekends studying at
home, taking mock tests, simulations and
reviewing my mistakes. Through a lot of
hard work, I took the test and got a very
decent score.”
Now with a GMAT score he was
happy with and five years worth of work
experience, Rodriguez was set to apply
to business school. His new challenge was
finding the right school.
“My main criteria for choosing a busi-
ness school were prestige, career focus,
employment and salary figures, academ-
ics, percentage of international students,
learning environment, and financing
options.
“It was also very important to me to
get a sense of what the MBA experience
at a particular business school would be
like. The only way to gauge an idea was
to meet current students and alumni. This
definitely helped me to choose which
programs to apply to.”
Rodriguez chose Michigan Ross
School of Business and took away valuable
skills that he now relies on in his current
position.
“If I could sum up the most valuable
lesson, it would be one word – teamwork.
Michigan Ross School of Business was
excellent in stressing the importance of
this by engaging us in real-life situations
with real stakes.”
Other
scholarships
available
from QS
QS offer a number of
scholarships to those
interested in taking an MBA
and are inviting applications
for the following
scholarships:
QS Community Scholarships
for MBA and Postgraduate
Studies
QS Leadership Scholarship for
MBA and Postgraduate Studies
ESSEC Global MBA Excellence
Scholarship
QS ESMT diversity
scholarships
EDHEC MBA Scholarship for
Global Leadership
Sydney Business School
International Scholarship
QS Melbourne Business School
International Scholarship
USC Marshall School of
Business Scholarship
EMLYON Business School
Entrepreneurial Scholarship
Ashridge Business School
Scholarships
IE Business School
Scholarships for Women
Vlerick Leuven Gent
Management School
Scholarships
For more details, please visit:
TopMBA.com
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F
inding the right MBA program among
the many differing, worthwhile options
can be a confusing venture. Study modes
are plentiful: full-time, part-time, online,
distance learning, and executive. Then an
applicant may have to select the length of
program, a certain specialization or set of
electives, or even which continent to spend
each semester in if their program is taught
on multiple campuses.
“We spend so much time trying to
distinguish ourselves in our MBA ap-
plications; but there’s actually a lot of
distinguishing that needs to be done on
the other side as well – on the side of
the MBA programs themselves,” explains
Linda Abraham, president and founder of
Accepted.com. “Each [program] has its
own characteristics, its own strengths and
weaknesses, advantages and disadvantages.
It’s important that you, as a discerning
MBA applicant, spend some time uncover-
ing these differences so you can determine
which programs are best for you.”
The differences between campus-based
full- and part-time MBA programs are fairly
obvious, however for executive MBAs, dis-
tance learning and online program formats
the differentiating aspects can be a little
more blurred.
For clarification, TopMBA.com defines
online MBAs as those that are solely taught
online, and distance learning as those that
are predominantly taught remotely, but do
include a requirement for students to attend
some on-campus sessions.
Meanwhile, it is almost universally
agreed that executive MBAs are programs
for those with six or more years of work
experience – the idea being that those
enrolled on an executive MBA program
will be able to learn a great deal from, and
connect with their fellow cohort. Similar
to the distance learning format, they allow
students to continue with their career and
personal life as on-campus requirements are
normally scheduled outside of office hours,
typically on weekends.
The pressures of working remotely
However, while the physical, on-campus
demands of executive, online, and distance
learning program formats may be less than
traditional on-campus formats, the mental
demands are certainly not.
“The rhythm of work and the mode of
study are very different: executive MBA stu-
dents need to be able to work remotely, to
communicate electronically and to motivate
themselves when nobody is standing over
them,” explains David Simmons, executive
director MBA and director of international
development at Cranfield School of Man-
agement in the UK.
“They must be very focused, disciplined
and organized and be able to adapt their
learning styles to ensure that when they are
With a growing number of off-campus program
formats such as online and distance learning
MBAs being offered by business schools,
Richard Burns weighs up the pros and cons of
on-campus and off-campus MBA study modes
n-campus versus
ff-campus
considering MBA
format options
M
Online MBAs
are solely
taught
online, while
distance
learning MBAs
include some
on-campus
sessions
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working in teams on campus they are able
to maximize the benefits of those direct
interactions.
“It is a different kind of shared experi-
ence which in its own way can be every
bit as intense and transformational as a full-
time program with the added elements that
life impinges on study and that learning can
be put to immediate use. In our experience
executives develop their own very strong
bonds and a true sense of commitment to
one another.”
Perhaps as a result of recent economic
uncertainties, and an unwillingness among
applicants to give up a stable job in order
to study full-time, an annual global survey
by QS has seen a decline in MBA applicant
interest in full-time MBA study modes.
Some applicants instead look to program
formats such as distance learning, online
and executive that allow them to continue
working while studying.
In 2009, over 82% of respondents to the
TopMBA.com Applicant Survey acknowl-
edged that they were primarily looking to
study full-time. But by 2011, this dropped
to just over 56%. Although the full-time
MBA study mode remains by far the most
popular format, since 2009 all other study
modes have increased in popularity.
“I believe it’s a cost-benefit analysis,”
says William McDonald, director of execu-
tive MBA, Geneva and academic business
development at Thunderbird School of
Global Management. “Like when you buy
a home, choosing an MBA is a bit of a
‘mortgage’ on your career. Predicting the
returns from an investment in a home
depends on your expectations in the real
estate market, and predicting the value of an
MBA depends on your confidence in the
labor market.
Opportunity cost of an MBA
“Candidates are considering the opportuni-
ty cost of a full-time MBA (leaving the la-
bor market for one or two years), and many
are opting to keep momentum rolling in
their careers by exploring alternate formats.
Many top-ranked schools offer modular
executive programs and/or high-quality
online MBA programs, since technology has
improved communications.”
“If a student is employed and wants to
remain employed, but requires a credential
that might help advancement internally
where they are, then the online format
makes a lot of sense,” explains Jerry Trapnell,
vice president and chief accreditation officer
at US-based accreditation agency AACSB.
However as Trapnell continues, if the
intended outcome of an MBA program is
to find a new job or to gear them up for
a change in career, then off-campus MBA
program formats may not be the ideal
solution: “If a student is thinking about the
MBA being their springboard to a new job,
a new career direction, or a situation where
they don’t have a job and are looking for
one, then the online degree or lesser known
institutions is where you’ll find a degree
of uncertainty as they are competing with
graduates from better-known institutions
and programs.”
“Our view is that online and distance
learning can never deliver the same quality
as the face-to-face experience,” says Sim-
mons at Cranfield.
“The MBA is so much more than just
a body of knowledge; it is fundamentally
about developing an increased awareness
of oneself and others in order to be able to
work more effectively with and through
others. That kind of understanding comes
from real interactions with real people
grappling with real challenges. Distance
programs may give you all the separate
ingredients but that doesn’t create the flavor,
that can only come from the way those
ingredients are mixed and blended!”
Ultimately, it is down to the individual
applicant to weigh up the pros and cons of
each school, program, and format. Decid-
ing what it is that they wish to gain from
an MBA, coupled with careful research
and an analysis of the options available is
paramount.
“If you think about the ultimate assess-
ment that an applicant has to make, it is
‘can a program maximise my opportuni-
ties post-degree?’” says Trapnell of AACSB.
“Careful analysis of that is essential for any
prospective student making the decision
about which course to apply to.”
% of respondents

2009 2011
Full-time 82.2 56.2
Part-time 9.5 18.9
Executive education 3.7 10.5
Distance learning 2.6 9.5
Online learning 2.0 5.2
MBA study mode
Source: TopMBA.com Applicant Survey 2011
B
A
If a student
is employed
and wants
to remain
employed,
then the
online format
makes a lot
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N
ot everything is bad about the economic
downturn. One of its positive side effects
is that we have started to question some of the
principles by which corporate and individual
behaviour have been guided in the past. Gov-
ernment, business and higher education are
finding themselves amidst discussions about
values such as honesty, responsibility, sustainabil-
ity or even modesty. In these discussions, one of
the recurring themes has been the role business
schools and, in particular, MBA programs have
played. Many times, MBA programs have been
accused of promoting some questionable behav-
iour that may have contributed to the current
global economic crisis. There is no doubt that
business schools worldwide must accept their
fair share of responsibility. And yet, we must ac-
cept the fact that business schools are primarily
there to educate current and future managers
according to the needs of the corporations. After
all, and most importantly, companies need to be
profitable and competitive. It is therefore also
important not to loose sight of the knowl-
edge, skills and abilities that are required to run
organizations successfully. Only when MBA
graduates have reached mastery of the many
fundamentals, they will be empowered to make
responsible decisions.
At the School of Management at California
Lutheran University (CLU) we have not just
recently started to react to these changes in the
global economic environment. We have always
seen our role as going a step beyond teaching
the immediate skills that are demanded from
MBA graduates in many ways:
Our faculty members believe in the value
of respect for the importance of individual,
organizational and societal values. Around
the world, we are increasingly aware that the
decisions that business leaders make have
important implications for the larger society.
Values implications are central to sustain-
able business practices, and at CLU we take
business ethics and values very seriously,
exploring them throughout our curriculum
and practicing them in our day to day work
with students.
At CLU, we believe the differential advan-
tage of our MBA programs includes the
acquisition of useful, applied knowledge.
Neither purely theoretical models nor
detailed case studies alone can provide for
the development of the insight, perspec-
tive, and skills that business leaders need in
order to act responsibly. CLU faculty and
MBA students thoroughly examine the
competitive environment of the future. It
is clear that business history repeats itself in
ways painful to those who have not learned
its lessons. The future belongs to those who
meld their understanding of the past with
the ideas of those who can visualize beyond
the current competitive horizon. Balance is
imperative. Our curriculum and courses are
designed with this in mind.
With all of this in mind, CLU is committed
to deliver cutting business education that is both
rigorous and meaningful:
We offer an education with a focus. A basic
business understanding is certainly necessary,
but it is far from sufficient in today’s envi-
ronment. Our increasingly specialized world
demands increasingly specialized managers.
An emerging trend in graduate business
education worldwide is the movement
towards specialization. At CLU one can
earn a general MBA, but there also exists
the possibility of earning an MBA in one of
several specialized fields including: Finance,
Marketing, International Business, Manage-
ment/Organization Behaviour, Information
Technology, Entrepreneurship, and Financial
Planning. Employers assure us that these
specializations position our graduates to be
among the most highly desired in the career
marketplace.
Velocity is a function of speed and direction.
Just as business must increase their speed and
constantly reassess their trajectory to remain
competitive, graduate business schools
must do the same. CLU’s accelerated MBA
program can be completed in as few as 12
intense months, and flexibility exists to ex-
tend this period, should the student choose.
The sooner you graduate, the sooner you
will be back in the labor market, where you
and your employer will be benefiting from
the knowledge and skills of your MBA
experience. Over 90 % of CLU students in
full-time programs complete their MBA in
12 months. However, should you wish to
make changes in the length and intensity of
your MBA program, you have that option
at CLU.
That all business is global has long ceased to
be a secret. Not only do our faculty mem-
bers have multi-year professional experi-
ence from a multitude of countries, thereby
providing an international outlook in their
classes, moreover, CLU’s MBA program
also offers a diverse student body that lets
student experience both the beauty and
the challenges that cultural differences may
present. In such an environment, questions
of values and responsibility form an integral
part of the learning experience.
In response to myriad global competitive
challenges, MBA programs have evolved in
many different ways. The current global eco-
nomic crisis provides a good occasion to think
of yet the next step in the evolution of business
schools worldwide. The educational programs
that will be most effective at developing tomor-
row’s successful executives are those which
provide a good grounding in the fundamentals
of business and at the same time teach students
to deal meaningfully with the new complexities.
If you are looking for an MBA that combines
thorough business education with sound values,
one which is efficient, innovative, encourages
focus, is respected by employers, and can be
completed in 12 months, then the MBA pro-
gram at CLU in California may just be the right
program for you.
Responsible MBAs
Charles T. Maxey
Dean at School of Management,
California Lutheran University
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I
n any element of business, we all face
competition. How you handle it often
defines subsequent success or failure. It is
with this mindset that I ask you to consider
the role Colorado State University’s MBA
Program might play in your life.
There is a lot to consider when planning an
educational endeavor such as an MBA program.
The checklist many of us have in our minds is
familiar:
What will an MBA degree do for me
personally and professionally?
Will the degree give me a competitive
advantage in the workplace, or help propel
me into a new field or career?
Will I be able to meet the sacrifices
required, and will they be worthwhile in
the end?
You undoubtedly have already surveyed the
highly competitive environment of graduate
business degree offerings available from a wide
variety of institutions. Whether it is a private,
public or for-profit institution MBA program,
the goal is always the same: Find a program that
gives you the edge needed to excel in your
course work and beyond.
Sorting through the maze of seemingly
nebulous terms like online, distance, profes-
sional, traditional, blended, campus-based, and
executive – it’s all a part of the process. Confu-
sion can reign alongside your desire to engage
in a program that works for you and your life
circumstances.
In the end, you want and need a quality
curriculum that will help you reach your goals.
At CSU, you’ll find students very much like
you already enrolled in our programs – students
who ask the tough questions and seek the
answers to be successful.
We know there is a certain degree of
trust you place in any school you choose to
provide you with the knowledge you need.
We sincerely believe that you have come to the
right place. We believe this because we have
an unparalleled record of success providing
AACSB-accredited MBA degrees through dis-
tance delivery methods for more than 40 years,
decades before other institutions.
With this experience, and a group of faculty
and staff that we trust to be some of the best
around, we think you will find our programs to
be engaging, challenging and compelling. I urge
you to explore our website at www.CSUOn-
lineMBA.com and to contact our team with
any questions you may have about the MBA
programs at Colorado State University.
In pursuit of the right
MBA program
John Weiss
Director, MBA programs,
Colorado State University
College of Business
In the end,
you want and
need a quality
curriculum that
will help
you reach
your goals
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W
hile the financial burden of pursu-
ing an MBA might seem even more
daunting during difficult economic times, the
degree’s value still holds, and an economically
dark period might just be the perfect moment
to build your profile and re-assess your career.
Even as our society changes and different
economic situations evolve, the MBA is still
honored and recognized as a degree that results
in well-rounded business knowledge and
leadership skills.
An MBA sets you apart from the crowd
during hiring processes and recruiting. Having
an MBA on your resume makes you attractive
to employers, assuring a certain level of experi-
ence and knowledge. Additionally, MBA degree
holders are more likely to obtain high-up
positions in a firm, with many employers even
requiring an MBA as a qualification for certain
positions in upper management. Once in a
role with a firm, having an MBA makes one a
more valuable asset and thus less susceptible to
dismissal during lay-offs or other tough periods.
Similarly, an MBA provides you with
a launching pad for when the economy
rebounds. Once hiring picks up and more
opportunities are available, a professional newly
equipped with an MBA is more prepared than
ever to embrace them. If big firms aren’t hiring,
MBAs provide the well-rounded functional
knowledge required to be successful entrepre-
neurs. An MBA student works rigorously to de-
velop a thorough understanding of accounting,
finance, marketing, economics, human resource
management and broader management topics;
building a knowledge base that sets the founda-
tion for a thriving business. In fact, many suc-
cessful ventures have been launched in difficult
economic times, including GE (1873), Revlon
(1932), and Hewlett-Packard (1939).
Pursuing an MBA during a complicated
economic period may even prove to be more
useful and interesting than studying when times
are ‘easy.’ Classroom curriculum in general will
naturally adjust to reflect the challenges of the
time, offering experiential learning that will
prove valuable in the future, as well as the tools
to identify and prevent problematic trends.
An MBA equips you with skills and new
knowledge that are particularly useful and ap-
plicable in crisis times. Students build a skill set
that allows them to be especially successful in
leading a restructure or streamlining activities, in
maximizing team work, and in taking a strategic
approach to new policy, products, and processes.
An additional benefit that MBAs bring to
companies is the ability to share knowledge,
and to re-train other employees in new tool
and techniques to improve overall efficiency.
Investing in an MBA is investing in your future,
offering a long-term return on interest even if
short-term opportunities seem discouraging in
a difficult economic climate.
Good schools can open doors to in-
ternational networks of fellow students and
alumni – a major bonus for those looking to
move into a globally influential role. As the
saying goes, “it’s not what you know but who
you know,” and the contacts you will make in
your MBA cohort, through networking and
professional events planned by your program, as
well as the influential alumni from your chosen
university, will be a life-long resource and a
major career asset.
And in today’s increasingly globalized envi-
ronment, programs that give you a global scope
and perspective through their alumni network
will make you an even more desirable candi-
date. Currently due to globalization, we are
witnessing the remarkable growth of emerging
markets. At ESSEC Business School, our Global
MBA program is geared towards preparing
students to better understand the challenges and
opportunities of an increasingly globalized busi-
ness world, particularly in the emerging markets
of Asia, Latin America, and Africa. These
markets offer not only opportunities, but also
present their own unique risks and complex is-
sues. To that end, we focus our programs on the
new frontiers of business, from thinking ‘green’
to considering broader social and political ques-
tions surrounding such issues as transportation,
access to water, health care, ageing populating,
poverty, education, urbanization, etc. And we
emphasize our students’ ability to think differ-
ently, focusing on experiential learning, critical
thinking, creativity, and innovation.
A major element in working to achieve
these program goals is the active immersion of
our global MBA students in global economies.
A five week module in Singapore focuses on
geopolitics and how to do business in Asia, such
as negotiating in the Chinese envrionment.
A field trip takes students to Eastern Europe.
And the experience-based learning project
places small groups of students in an emergent
country for a five week period, where they
work in the field to devise concrete solutions
to real problems. This experience allows them
to implement multicultural approaches in an
environment fundamentally different from their
own, while simultaneously developing their
capacity for innovation and teamwork in a new
economic context. This knowledge and skill set
will serve them powerfully when they re-enter
what is today a rapidly changing marketplace.
Financial crises in developed countries have,
if anything, only hastened the shift in global
economic power toward emerging economies.
This means more opportunities to do business
in these economies, and more spending power
on the part of these economies to reinvest in
developed nations.
This global environment is particularly
interesting, challenging, and makes an MBA a
particularly valuable pursuit if one wishes to
remain competitive and on the side of innova-
tion when the economy is in a constant state of
flux and reversal.
Holding value through tough
economic times
Ashok Som
Associate dean, Global MBA,
ESSEC Business School
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C
ompanies will be faced with a major
challenge in the next few years: attracting,
developing and retaining talent, especially talent
with leadership potential. Globalization, the
growth in international business activities and
a new generation of young professionals, the
Millenials, with somewhat different profiles and
high professional expectations, represent a true
test for companies. Companies need to realize
that educating competent people and allowing
them to develop their professional career in the
same company are excellent investments and
sources of long-term competitive advantage.
In an inter-connected world, companies
need a wide range of managerial talent and
professionals from different countries to help
develop the company on local markets and
bring a strong international culture to decision
making at company headquarters. Young mana-
gerial talent in emerging markets is incredibly
scarce. Business schools have an important
role to play in this area by helping companies
identify talent, attracting professionals with
leadership potential, giving them management
education and widening their professional
opportunities.
Today’s companies have to start working
on this task with undergraduate students, by
providing information on the company’s strat-
egy, the vision and opportunities for young
professionals and improving the company’s
reputation in the university community. With
the idea of providing a service to both young
professionals and companies, IESE started up
the Young Talent Program in 2008 to target
talented university students from all over
the world with a great potential, an excel-
lent academic record, leadership qualities and
social concerns, as well as other extracurricular
achievements. The initiative lets them start the
pre-admission process for the full-time MBA
while they form part of a pool of candidates
who receive IESE’s help finding a job at a
group of leading multinationals that collaborate
with IESE on this initiative. Besides provid-
ing these candidates with career orientation,
IESE also invites them to seminars, where
they receive training on management skills to
ensure they enter the job market quickly and
effectively.
How it works
In their junior or senior year of undergradu-
ate studies, the best students from universities
all over the world submit an application to
participate in IESE’s Young Talent Program.
Universities that have participated in the initia-
tive include Cambridge University, Oxford
University, Princeton University, the University
of Leuven, Tilburg University, Universidad
Complutense de Madrid, Universidad de Na-
varra and Erasmus University, Rotterdam.
The students accepted in the program are
granted pre-admission to the IESE Full-Time
MBA program.Right after college graduation,
they are invited to participate in the IESE Next
Steps Seminar, which provides an introduction
to the MBA program and prepares them to
begin a new phase in their professional careers,
which will involve working at one of the
multinationals that participate in the program
for several years. Once that period is completed,
they receive the company’s support to do their
MBA at IESE, after going through the admis-
sion process. When they finish their MBA, they
return to the company and continue with their
professional career, which is now enriched with
the management knowledge and skills they
acquired during their studies at IESE.
Participating companies include BP, Cisco
Systems, Santander, L’Oréal, Johnson and
Johnson, Mango, McKinsey, Merck Sharp &
Dohme, Microsoft, Nestlé, Philips, Vodafone and
the Boston Consulting Group.
A win-win situation
The program helps participating companies
identify ambitious young talent from all over
the world at an early age, and singles out those
who are interested in studying an MBA pro-
gram after they acquire essential job experience,
so they can be trained right from the beginning
to be future leaders by future employers. In
this way, companies are able to attract young
professionals with great potential, good profes-
sional experience and excellent training in an
outstanding MBA program, who will develop
their professional career at the company and fill
management positions for which they have the
right training.
For candidates, this program is an unbeatable
opportunity to participate in a top international
MBA program, like the one offered by IESE,
and to be exposed to leading multinationals
right after college graduation and join the busi-
ness world in an environment of excellence.
The Young Talent Program is an initiative
that fits in perfectly with IESE’s mission: the
development of leaders who aspire to have a
positive, deep and lasting impact on people,
firms and society through their professionalism,
integrity and spirit of service.
New opportunities
for young professionals
Jordi Canals
Dean, IESE Business School
Business
schools have an
important role
to play in this
area by helping
companies
identify talent
Matching you with
your perfect
MBA
program
TOPMBA
CONNECT
1-2-1
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NORTH AMERICA
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LŝƐďŽŶ Ͳ ϮϵƚŚ lĞďƌƵĂƌLJ
vŝĞŶŶĂ Ͳ ϱƚŚ MĂƌĐŚ
ÞĂƌŝƐ Ͳ ϭϬƚŚ MĂƌĐŚ
CĞŶĞǀĂ Ͳ ϭϮƚŚ MĂƌĐŚ
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LATIN AMERICA
MĞdžŝĐŽ CŝƚLJ Ͳ ϮϮŶĚ MĂƌĐŚ
8ŽŐŽƚĄ Ͳ ϮϰƚŚ MĂƌĐŚ
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MIDDLE EAST & AFRICA
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aking an MBA today seems risky – what
will happen while you’re ‘out’ or while
your attention is elsewhere? Will you get a job
at the end, will it be better than the one you
have now? What will it be worth in five, 10,
or 20 years? In today’s uncertain economic
climate, it is tempting to stick with the job
you have and not invest time and money in an
MBA degree. But in many ways, an economic
climate like today’s is the best time to make
such an investment.
First and most prosaically, any edge you can
get in a tight job market will help you with
your career progress. Despite sensationalist
editorials and cartoons that question the value
of an MBA, it is a highly-respected qualification
and well-recognized by most employers. When
competing for a job or promotion, it puts you
ahead of those who don’t have an MBA. The
set of knowledge and competences you develop
in an MBA program are relevant to running a
business. Taking time to reflect, to explore new
ideas, to practice new skills makes you a better
manager and leader. Companies know this, and
other things equal, most like hiring or promot-
ing an MBA graduate over someone without
an MBA.
Second, for you as an ambitious individual,
an economic downturn presents enormous po-
tential. Today’s situation begs for entrepreneurs
who see new markets; it rewards managers and
companies who create efficiencies in productiv-
ity while providing real value for customers.
Good leaders are those who see opportuni-
ties in uncertainty. This doesn’t mean good
leaders just leap off and do crazy things that
seemed like a good idea at the time. Good lead-
ers don’t leave performance to chance. They as-
sess the prospects and build solutions, they learn
and progress. An MBA program covers basic
fundamentals of business – finance, accounting,
strategy, marketing, operations, organizational
behavior, and so on – in a way that rounds out
your skill set and allows you to generate op-
tions. It helps you apply these fundamentals in
many combinations and situations, so you learn
to scan the environment for good opportunities
and to build systems that provide value. The
current economic climate presents countless
possibilities for you individually, an MBA will
help you take advantage of them.
From a broader point of view, larger
companies now need people with new ways of
seeing the business environment. The dialogues
of conscientious senior managers today grapple
with uncertainty and complexity, strive toward
more effective innovation, and ponder social
responsibility and sustainability. But the tools
for addressing these dilemmas have not been
well-developed in business, and most senior
managers struggle with how to apply them to
leading businesses. I call this skill-set ‘navigating’
– the ability to lead in a direction that creates
value, even when you can’t tell where you’re
going. It’s the same skill set the early explorers
had when they set off to find new lands and
resources. Today’s prominent navigators include
scientists working on big collaborative ambigu-
ous projects, such as those at the European
Organization for Nuclear Research physics lab,
and people in many non-governmental orga-
nizations trying to provide services in political
and social ambiguity, such the International
Committee of the Red Cross working with
victims of conflict. Although these organiza-
tions have different direct stakeholders than
businesses do, we can learn a lot from them
about navigating. Most MBA programs con-
tinually develop their curricula and pedagogical
methods, and currently programs incorporate
more content and experiences that develop
tools for navigating. By investing in an MBA
today, you will become more fluent with these
tools and be able to provide this greatly-needed
navigational ability to companies.
The one caution I urge, especially in a
depressed economic climate, is to make sure
you are getting the right MBA for you. There
are many good MBA programs: ones with clear
strategies and value propositions to you and
to companies that recruit graduates, and that
deliver on their strategies and value proposi-
tions. Within the motives I’ve identified above
– developing good basic business and leadership
tools, learning to identify and create opportuni-
ties, and discovering how to lead navigation
in larger organizations – there are many dif-
ferent paths. These include globalized general
management, expert professions like finance or
human resources, and specific applications like
entrepreneurship or emerging markets. In the
complexity of today’s environment, the days
of complete transferability – a manager is a
manager is a manager – are over, and you create
the most value to yourself and others by having
some focus. So conduct your research diligent-
ly, and make sure you are on the right path for
you. Then engage with curiosity, ambition and
discipline. You will grow yourself, your career,
and the institutions you are connected with.
Economic downturn: a good
time to invest in an MBA
Professor Martha Maznevski
MBA program director at IMD
Any edge
you can get in a
tight job market
will help you
with your career
progress
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Studying during good
and bad times
M
y advice to anyone contemplat-
ing an MBA is the same now as it
was when times were booming: an MBA
requires a large commitment of time and
money – so weighing up the benefits to
your career is essential.
The best justification for enrolling,
whether in an up or down market, is to do
something personally transformative. Com-
bining this motivation with leading business
thinking and using your MBA to network
means a strong MBA program is still an
excellent investment.
The financial crisis has certainly im-
pacted on the curriculums of the best MBA
programs – we’re seeing more importance
placed on leadership – especially ethical
leadership; good corporate governance; and
corporate social responsibility. Equally there
is more rigour and scrutiny around financial
models and an emphasis on financial innova-
tion. Strong programs have embraced these
changes and are adapting to give MBAs the
right tools to navigate this new global busi-
ness environment.
With this in mind international mobility
continues to be a key consideration when
deciding whether to take an MBA. It’s
important to investigate whether business
schools have a strong enough global footprint
to offer the networks and career opportuni-
ties that give the best return on investment.
Manchester Business School’s (MBS)
global strategic partnerships continue to
evolve and our MBAs benefit from our
alumni community based in over 140
countries. November 2011 saw the launch
of a new collaborative DBA program with
Shanghai Jiao Tong University’s Antai Col-
lege of Economics and Management. And
our MBAs are now able to study for an
elective at one of our international centres
in Dubai, Shanghai, Brazil, Hong Kong,
Singapore or Miami.
The wealth of knowledge and experience
that an MBA brings, ensures that graduates
are equipped with a global business perspec-
tive, are used to working in multi-cultural
teams and have access to an invaluable
network of contacts. MBS global links saw
the launch of a talent management partner-
ship with Astra Zeneca. It comes in response
to intensifying competition among employ-
ers to secure and retain high potential senior
management talent. The partnership provides
AstraZeneca with direct access to a global
talent pool of 45,000 MBS’ MBA students
and alumni. The first phase of the project is
already underway in China through MBS’
Shanghai centre, with plans to roll out the
initiative in the UK later this year.
Using an MBA to up-skill during eco-
nomic downturns is nothing new but these
benefits must be balanced with taking time
out of industry. One option is a part-time
MBA, however many of the longer MBA
programs give you the chance to take a
practical MBA with a high level of industry
engagement – enabling you to build contacts
whilst developing your skill set.
We have recently increased the number of
client facing projects, totalling over 600 hours
of client facing time. The projects build
on each other, the first is the not-for-profit
project where MBAs explore the contribu-
tion from and relationships between the
commercial and third sector.
The second project is undertaken with
major blue chip organizations and focuses on
market research and market penetration proj-
ects whilst the third 12-week international
business project - frequently undertaken
with FTSE 100 companies such as Cadbury,
American Express and AstraZeneca - focuses
on international and global issues affecting
the client. The most recent survey undertaken
by the Financial Times reported that our
MBAs increased their salary by an average of
116% three years after graduation.
So our experience suggests that despite
the challenging economic landscape, an
MBA is still a worthwhile investment and the
strongest students will go on to find excellent
jobs. The business world is going through un-
precedented change and the MBA programs
that offer the best return on investment are
those that use original thinking to meet those
challenges head on.
Strong
programs have
embraced
these changes
and are
adapting to
give MBAs the
right tools to
navigate this
new global
business
environment
Professor Michael Luger
Dean at Manchester
Business School






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The career value of
MBA internships
MBA internships and other experiential learning
opportunities can boost the chance of a student securing
their ideal business management job. Narayani Menon looks
at how much value an MBA internship adds to a students
employability
T
he best MBA degree from the most
prestigious business school assumes
little importance if the skills learnt in the
classroom don’t find application in the real
world of business. The value of vocational
experience for MBA students and recent
graduates cannot be emphasized enough.
Often, this vocational experience is
through the form of MBA internships. Both
future and current students are advised to
start thinking about which companies will
best help to take their careers forward once
they graduate.
The value of an MBA internship
“Internships give students their first ex-
posure to working in an organization and
also a flavor of the functional area they are
interested in pursuing later in their careers,’’
explains Professor Rajesh Aithal, chairman
of placements at the Indian Institute of
Management (IIM), Lucknow.
Tina Dickson, a student from the Uni-
versity of Strathclyde Business School, who
embarked on a summer internship program
as part of the Saltire Foundation Internship
at the University of Strathclyde, says: “I got
a training and marketing internship with a
Scottish company called Vets Now. They are
currently one of the fastest growing com-
panies in Scotland, and last year they had
an annual turnover of US$34.8m. This is
the first year that the Saltire Foundation has
offered placements in Scotland as normally
they are based abroad.
“I was absolutely ecstatic when I heard
the news. It was very exciting and demon-
strated that beyond having a basic intern-
ship, I had become part of the Saltire family
and community, which was going to give
me a really good opportunity to network
with business men and women established
in the industry and make good contacts.”
Jessica Trogler, first year MBA student
at Haas School of Business at the Uni-
versity of California Berkeley, landed an
internship that furthers her career goals.
She joined Visa during the summer as
financial planning and analysis intern at
Global Finance. Trogler says she chose the
internship placement for its ‘big-picture’
view of the company.
“This role exposed me to the drivers of
revenue and profitability for Visa,” she says.
Her work includes building in-depth busi-
ness cases for new projects and partnering
with product strategists to quantify the fi-
nancial impact of new product innovations.
“I had an opportunity to participate
in Visa’s annual forecasting process and
to work closely with the business units,”
she says.
Alternatives to an MBA internship
But while internships provide students with
opportunities to experiment and pursue
careers that match their academic and
personal interests, others feel that a working
environment that is more closely integrated
to the MBA classroom is more suitable at
business school.
There are a few business schools, such as
the Indian School of Business (ISB), that in
addition to the classroom learning experi-
ence, provide experiential learning opportu-
nities for students in practical courses and
projects.
Professor Dishan Kamdar, senior associ-
ate dean at ISB explains, “Internships have
their advantages, but given the prior work
experience, international exposure and
diversity of the ISB class, we have success-
fully facilitated live consulting engagements
for our students, which have received a very
positive response from industry.”
However, this methodology is restricted
to a tiny segment of business schools as the
There is no
guarantee
that an MBA
internship will
give students
a full-time
position, but it
will certainly
enhance their
chances
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internship scene has changed dramatically
compared to a decade ago. Many business
schools that offer MBA internships as part
of their two-year programs, have added
module credits to them in order to ensure
that these are taken seriously by students
and that companies derive value through
their interns.
For the majority of graduating MBAs,
internships provide the chance to develop
industry-specific abilities, develop strong
teamwork skills, increase the likelihood of
building professional networking contacts,
mentoring relationships and so on.
There is no guarantee that an MBA
internship will give students a full-time
position, but it will certainly enhance their
chances, helping them become viable and
experienced job applicants when they seek
employment after graduation.
“Summer internships can themselves
be converted into job offers for a good
performer. If the internship is aligned to
the student’s functional interest then the
possibility of getting a job offer from com-
panies in the industry also increases,” says
Professor Aithal.
In fact, many employers consider intern-
ship experience in the hiring process, and
many look to their own interns as the best
potential candidates for full-time positions.
Robert F Bruner, dean of business
administration at the Darden School of
Business, University of Virginia, says that
internships are very valuable for someone
who aims to change careers or industry
focus after their MBA.
“An internship gives a low risk look at
another field. Also, large corporations are
increasingly using internships as a vetting
device to determine final job offers. To
gain an offer for permanent employment
at the end of your summer internship is
to relieve uncertainty and give you a valu-
able benchmark against which to compare
other offers that you may receive during
the second year of your MBA program.
The majority of Darden students gain of-
fers of permanent employment from their
summer internships.”
Gauging employer or industry desir-
ability
Professor Aithal makes the point that an
MBA internship is not only for the employ-
er to gain a grasp of an MBA’s ability, but
also for the student to gauge the suitability
of the employer or industry.
“Let’s realize that every business student
is not only ‘selling’ [trying to find work],
but also ‘buying’ [trying to determine the
desirability of an employer]. The summer
internship helps you buy smarter: you can
see what the employer is like from the
inside rather than relying on someone else’s
opinion,” says Bruner.
But two-year MBA programs aside, a lot
of students join shorter, one-year programs,
that due to time constraints, don’t usually
offer the option to enroll on an MBA
internship. However, these shorter programs
do have considerable vocational value, as
the ability to return to the working envi-
ronment sooner can be a huge plus-point
for employers.
“One-year programs don’t usually offer
internships, a disadvantage offset by the
speedier return to full-time employment.
Students who are returning to the same
industry in which they worked before
business school will find the fast return
attractive. But the two-year format affords
experimentation through internship in a
field outside your own and the better
networking and learning that the sum-
mer affords,’’ Bruner points out.
However, if a student enrolled on
a one-year program feels they might
benefit from an MBA internship,
then clearly they are free to apply
for one once they have completed
the program. If this is the case,
then the business school’s MBA
career service should be the
first port of call.
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A friendly face in business
An MBA alumni profile
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M
eyer’s not afraid to say she always thought business school students took
themselves too seriously – that was, until she attended an open day at
INSEAD Business School in Fontainebleau, France.
“I met many students and was surprised by how much I liked them,” she
says. “I thought, ‘if this is business school, count me in’.”
More than ten years later and Meyer, now chief executive of Ariadne
Capital – her own London-based investment firm – looks back on her year in Fon-
tainebleau as ‘an oasis in her career’.
“I really stepped back and thought and dreamed harder and further in the future than I would have if
I had not gone to INSEAD.”
Meyer’s achievements began with the founding of Ariadne Capital, but as her impressive biography reveals,
she is also founder of Entrepreneur Country, co-founder of First Tuesday, a dragon on BBC’s Online Dragons’
Den in the UK, and a weekly columnist for London’s City AM. That’s in addition to her awards as Ernst and
Young Entrepreneur of the Year, World Economic Forum Global Leader of Tomorrow, and a place in the Wall
Street Journal’s Top 30 Most Influential Women in Europe.
Giving back to society
And then there is her personal project: the development of an association for teenage girls “to help them find
their unique contribution to the world and create a virtuous circle of investment in women.”
Being a woman in the MBA classroom didn’t pose too much of a challenge for Meyer.
“I was able to benchmark myself against my peer group, which had positive and negative aspects, but what it
meant was that I really understood my strengths afterwards,” she says. “As a result, I started to play to my strengths
in the years after INSEAD, and that led to rapid achievement in my career.”
Meyer, who is “American by birth and European in spirit”, talks of her MBA degree as a gold star; one that
has made her very attractive to employers and other business people alike.
“It [the MBA] was a major reason I had so many [employment] options after INSEAD as to what I could do
and where,” she says.
Today, her passion for the business and financial world, and her dedication to the field of entrepreneurship,
sees her juggling a variety of roles, from entrepreneur to investor, industry commentator to mentor.
“I enormously value the skills that I picked up,” Meyer says of her MBA. “I learnt corporate finance at
INSEAD, and believe that you can’t really run a business unless you understand the basics of that. I became more
confident, learned how to present more effectively, learned what my strengths were, and deepened my instinct.”
It’s an instinct she would encourage others to follow.
“I would encourage others to pursue an MBA. I feel a one year MBA at a top school... is a great investment
to make in one’s self at age 29 or so.
“I’m sure I would have had an interesting career and life, as whatever life throws at me I make lemonade, but
it is certain that I wouldn’t have achieved what I have to date if I had not gone to INSEAD.”
Julie Myer, founder of Ariadne Capital, talks about her MBA
experience and how the qualification helped her establish
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M
BA candidates from the fast-emerg-
ing BRIC economies: Brazil, Russia,
India and China, are demonstrating a much
greater confidence in the salary benefits of
the MBA program, when compared to their
counterparts in the developed world, finds
an influential QS report.
On face value, there seems good reason
for this. Encompassing over 25% of the
world’s landmass, 40% of its population, and
a combined GDP of US$18.5tn, these four
nations alone are predicted to become the
world’s leading economies by 2050.
The QS TopMBA.com Applicant Sur-
vey 2011 shows that Indians in particular
expect a 245% salary uplift (the comparison
between current earnings and expected
MBA salary three months after graduation).
Compare this with recessionary developed
economies: Japanese candidates expect a
mere 83% salary uplift, US a 106% increase,
and even the usually buoyant German MBA
candidates, a 126% rise.
But are these expectations realistic or are
students from emerging nations going to be
disappointed if they expect more than triple
their salaries with an MBA degree?
Jenni Denniston, manager of MBA
admissions and recruitment at the Richard
Ivey School of Business, points out: “Re-
gardless of where a person is from, MBA
candidates need to realize that the degree
isn’t their ticket to a high paying role. A
transferrable skill set, hard work in school
and recruiting, and demonstrated ability to
succeed in the desired role are what count.”
Clearly, with an increasing propor-
tion of Graduate Management Admission
Test (GMAT) applications coming from
these four countries, there is a great will
to succeed in business. With international
recruiters pouring massive investment into
emerging countries and local business
flourishing, recruiters in BRIC nations have
begun to pay careful attention to MBA
graduates, realizing the benefits of having a
well-trained and experienced set of manag-
ers for their businesses.
The effect on students returning to
their home countries after taking an MBA
in North America or Europe has been
profound. While some years ago the major-
ity of MBA candidates wanted to stay and
work long-term in their home countries,
BRIC economies
value the MBA
With experts forecasting BRIC countries
to become the world’s leading
powerhouses by 2050, prospective
MBAs from the BRIC nations are
confident that an MBA could bag them
a huge increase on their salary.
Ross Geraghty looks at whether such
expectations are realistic
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this figure is changing rapidly as MBAs,
both for push and pull factors, are returning
home to manage investments in their home
countries.
Value of an MBA to businesses
The push factors here include the deci-
sion, principally by the governments of the
US and UK, to make it complicated for
overseas MBAs to remain in the country
after graduating, forcing a brain-drain back
to their home countries.
Dr Barbara Allan, deputy director of
Hull University Business School in the UK,
agrees that there is a problem: “There is a
preference and desire among the majority
[of overseas MBAs] to stay in the host MBA
nation for economic reasons but there are
significant visa restriction issues making this
much more difficult in the UK.”
Denniston at Richard Ivey, agrees:
“Things are different for Canadian schools
because we see many international students
looking to immigrate to Canada, so the
majority do stay here post-MBA. But their
long-term plan is often to return to their
home country after getting international
experience and citizenship, and [Canadian]
policies are much different than the US and
UK on this.”
Naturally, this will have an impact on
surveys such as the QS TopMBA.com Ap-
plicant Survey – if low-paid candidates from
emerging nations stay on in highly paid
roles in the developed world, the results will
naturally be skewed that way. Part of the
uplift can be explained by competition.
International companies in BRIC
economies value the local knowledge a
local MBA graduate can bring. Meanwhile,
local companies value the international
experience and business skills that an MBA
will have picked up.
Mary Granger is associate director of
admissions and career services at ESADE
Business School in Barcelona, Spain, and
an expert on MBA recruitment in the Asia
region. She says: “In the past, the need for
qualified talent might have been met by
expats [in BRIC economies] because locals
didn’t have the experience and global per-
spective. However, having the local knowl-
edge combined with the global MBA makes
them even more competitive and valuable
than the expats, hence they can command
the higher salaries.”
High MBA demand
For Nick Barniville, director of MBA
programs at ESMT European School of
Management and Technology in Berlin, the
BRIC candidates’ salary expectations are of-
ten realistic, but are dependent on the MBA
alumni remaining in Germany, the nation
that still has the highest MBA salaries ac-
cording to the QS survey.
He explains: “A salary uplift of 180% is
probably quite realistic if the candidate is
bringing skills that are required by MBA
hirers in Germany, such as strong consult-
ing skills, together with at least a willing-
ness and proven aptitude to work across
cultures.”
For Barniville, it is even possible to
distinguish between the BRIC nations as
Chinese and Russian MBAs face a different
set of issues and may benefit even more, in
salary terms, by returning home. “For Rus-
sia and China, I believe salaries are quite
competitive post-MBA, but the process
of getting in to companies seems to be
predominantly network driven. Those who
have an excellent local network are likely to
benefit most from their MBA if they take it
back home.”
Perhaps the expectations are not entirely
unrealistic, as supported by further QS
research, the TopMBA.com Jobs and Salary
Trends Report 2011/12. According to this
report, opportunities for MBA job seekers
during the period of the survey increased
by 36%, in stark contrast to 2009, when
job opportunities declined by 5% globally.
Some of the largest increases in MBA job
opportunities were seen in almost all BRIC
countries, with Indian job openings increas-
ing by 20%, China 18%, and Brazil by 25%.
For Granger, salary increases are an eco-
nomic equation due to the huge competi-
tion for talented business leaders in emerg-
ing nations: “Since the price of the MBA is
still very high, given their pre-MBA salaries,
the number of BRIC-nationality MBAs
can’t keep up with the demand. Companies
are competing for top talent, and the way to
compete is with high salaries.”
With the predicted shift in global
economies, and the current stagnation of
the economies of the west, it is possible to
see the world of MBA education shifting
too. Although it is not happening yet in
significant numbers, perhaps the next de-
cade may see more western MBAs flocking
to the markets of the east for their courses,
education and careers.
International
companies in
BRIC economies
value the local
knowledge
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A
growing number of prospective MBA
students are interested in taking a
distance learning MBA program, the latest
TopMBA.com Applicant Survey has found.
While full-time MBA programs remain
the preferred choice of study, the distance
learning option is growing in popularity
among middle and senior managers.
In 2011, 10% of respondents to QS’
survey favored the distance learning option
– a 7% rise in just two years when only 3%
were interested in the remote study mode.
Evolution in telecommunication and the
emergence of WiFi technologies has seen a
growth in well-established business schools
offering distance learning MBA programs.
Henley Business School in the UK,
Curtin Business School in Australia, Edin-
burgh Business School in the UK and IE
Business School in Spain, are among some
of the top-ranked distance learning MBA
programs in the world.
The number of well-established institu-
tions offering these programs has led to
greater public acceptance of a mode of
study that was once met with great skepti-
cism. And while students now have greater
choice over which school to take their
distance learning MBA, these particular
candidates are also faced with a very dif-
ficult set of pros and cons.
Sizing up the
pros and cons
of distance
learning MBAs
Technological advances have stimulated
a boom in distance learning MBA pro-
grams, but are they a viable alternative
to traditional study modes? Asks Kin Ly
The experience working
remotely also helps prepare
students for their
future careers
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Potential isolation and disengagement
“One of the major disadvantages is the lack
of face-to-face interaction with students
and their unit instructors,” says Professor
Kelvin Willoughby, director of MBA pro-
grams at Curtin University.
“Subtle human interactions such as body
language and some of the spontaneity that
comes with a group discussion can be lost
when people are not seated in the same
room,” he adds.
Feeling isolated from peers and being
disengaged from the school’s academic re-
sources is another downfall of remote study,
Mike Keighley, head of program admin-
istration and director of Henley Business
School’s ‘flexible MBA’ points out.
However, a major advantage is the ease
in forming a global network of contacts.
Global business environment enhanced
“Some of the ‘spin off ’ benefits of a tradi-
tional campus MBA, such as a strong cohort
identity and network, are not so prevalent
on a distance learning program, but this is
replaced by a global network of students,”
says Alick Kitchin, business director at Edin-
burgh Business School.
The enhanced opportunity to develop
an international network of contacts could
place distance learning students in a favor-
able position to find work at multinational
organizations.
“The experience working remotely
also helps prepare students for their future
careers if they eventually choose to take up
positions in multinational companies,” says
Willoughby.
The most obvious benefit is the flex-
ibility a remote modular program provides,
affording these particular students the time
to work and study. However, the benefits of
flexibility are more significant than allowing
the freedom to juggle work commitments
with the demands of MBA study.
“Learning while working also enables
the students to put the skills and knowledge
they learn directly and immediately into
their ‘day jobs’. Succeeding in a distance
learning program also demonstrates self-
motivation and excellent time management
skills, which are essential in today’s business
world,” says Kitchin.
Many students are attracted to the
distance learning option because it al-
lows them to travel and relocate without
jeopardizing their ability to obtain an MBA
qualification. Kitchin says a high percent-
age of students enrolled on the Edinburgh
distance learning MBA move around the
world, as one would expect in a global busi-
ness environment.”
Traveling with a distance learning MBA
That is one of the reasons why Lara Molto-
ni, an MBA graduate from Curtin Business
School was attracted to the distance learn-
ing option.
“I wanted as much flexibility as pos-
sible,” she says. “I was married to a me-
chanical engineer who frequently moved
interstate and overseas. We also had three
very young children. I didn’t want to have
to defer my study if we were moved with
my husband’s work,” Moltoni explains.
The family was later required to relocate
to Vancouver for two years, but this did not
affect Moltoni’s studies.
“In the end I completed seven units on-
line. It was great to be able to study when I
wanted to. I was able to access lectures and
speak to lecturers when it worked for me. I
treated it very much like a job and worked
about six hours a day,” she says.
Choosing the level of distance
Weighing up the pros and cons of distance
learning is just one step in identify-
ing whether this option is the right one.
Choosing the right business school to un-
dertake a distance learning program can be
tricky because “not all distance MBAs are
the same,” says Dr Marcel Cohen, distance
learning MBA course director at Imperial
College Business School.
“Choose a reputable one. We have
students who already studied for an MBA
but felt it necessary to have another go with
us,” he warns.
The amount of ‘distance’ employed in
a remote modular MBA program varies
from school to school. There are options
for regular face-to-face meetings that are as
frequent as once every week. Some schools
offer a ‘face-to-face intensive’ option, where
students work online for the majority of the
semester, and are then required on campus
for one week of intensive in-classroom
study, led by a tutor. Others offer a ‘blended’
mix of online study and in-classroom lec-
tures, where students are required to attend
in-classroom lectures and discussions in
intervals of four-weeks to three-months.
“Investigate the quality of the institution
you intend to study with and take sound-
ings from current students on the program
you are looking to join,” says Keighley
“You will need to feel relaxed and con-
fident about the space you will be studying
in, be that a physical location or a virtual
environment,” he adds.
Learning while
working also
enables the
students to put
the skills and
knowledge they
learn directly and
immediately into
their ‘day jobs’

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M
BA programs that contain elements
focused on entrepreneurship are in
demand by MBA applicants, according to
business school faculty, independent experts,
and industry research. Conversely, and partly
as a result of the significant economic events
over the past few years, less important to
MBA applicants are financial electives.
Séan Rickard, director of the full-time
MBA program at Cranfield School of
Management from 2006-2011, explains why
he thinks that entrepreneurship on MBA
programs has become more popular and
commonplace.
“Governments have come to the view
– rightly or wrongly – that their influence
on their economies is greatly weakened
in a globalizing world and now put great
emphasis on business start ups and entrepre-
neurship to generate jobs and growth. Not
surprising therefore that entrepreneurship
has a higher profile in business schools,”
Rickard says.
Carrington Crisp’s recent survey of
MBA applicants, Tomorrow’s MBA found
that, while traditionally popular
MBA specializations in leadership,
strategic management and manag-
ing people or organizations top
MBA applicants’ most wanted list,
entrepreneurship has climbed in
recent years. This year, 30% of the
476 respondents noted it as one
of their five most important MBA
program content areas.
This follows findings of the QS
TopMBA.com Applicant Survey,
released mid-2011, which surveys
almost ten times the amount
of MBA applicants. 34% of the
survey’s 4,527 respondents noted
the nurturing of entrepreneurship
as important to them on an MBA
program.
“I think there has been a shift
in the way business schools see
their role in society,” says Dan
LeClair, AACSB’s senior vice presi-
dent and chief knowledge officer.
“Different people will argue
different things about this, but
business schools for a time seemed
to be content at being good at pro-
viding management education…
but increasingly they seem to be
thinking that their role in society is to make
the world a better place.
“I think that change in mindset is already
being reflected in, not only the students and
the faculty but also the school and the way
it positions itself worldwide. My view is that
because of this we increasingly see graduates
Rise of the MBA
entrepreneur
A growing number of MBA applicants are expressing an
interest in pursuing courses with an emphasis on entrepre-
neurship, while fewer are interested in finance.
Richard Burns explores the reasons why
Increasingly
schools seem
to be thinking
that their role
in society is to
make the world
a better place
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Evolving
economics: Finance
on MBA programs
A
long-standing favorite specialist area for many MBA
graduates, finance has taken a hit in popularity
among applicants in recent years, following the global
financial crisis.
However, as business schools continue to react to the
ongoing financial events around the world, altering their
programs to incorporate the lessons that need to be learnt
from such economically game-changing events, employers
continue to value the modern approach of MBA graduates
to finance.
But it’s not purely the financial services sector that
employ MBA graduates and alumni who are well-versed in
all that is finance. Organizations outside of the sector have
always required leaders with an in-depth financial know-
how, but as the global economy evolves this need is growing
more than ever.
When looking into specialist areas taught on MBA pro-
grams, it should always be made clear that the MBA qualifi-
cation has traditionally been seen as a general management
degree, and only recently have specialist programs dedi-
cated to the finance profession developed. As most business
schools offer numerous finance focussed options, prospective
students need to look carefully when trying to differentiate
between programs.
Despite many MBA programs reporting an increase in
diversity of working backgrounds in their class, the financial
services industry still provides the largest amount of can-
didates to pursue the qualification across the world. Many
students are looking to further their place in the industry
and have specific goals, so look to an MBA to help them
achieve career progression.
View the top 50 business schools that employers
value for producing MBA graduates skilled in
finance. Visit: www.TopMBA.com/G200-finance
interested in social entrepreneurship.”
MBA finance still popular
It is also evident from the QS survey that
finance elements are gradually becoming less
important to MBA applicants, with 4% less
respondents to the survey noting the MBA
specialization as important to them.
However, with 38% of respondents still
naming it as important to their future MBA
degree, even with a drop in popularity it is
still important, standing fourth in the list of
most popular MBA specializations. General
management (which 52% of respondents
value), strategy (50%), and international
management (47%) precede it in terms of
popularity among applicants.
Expressing his hopes that applicants are
beginning to agree with his belief that special-
izing on an MBA is an oxymoron, Rickard
admits: “I suspect it has more to do with the
fact that after the financial crash [at the end of
the last decade] the finance sector was offering
fewer career opportunities to MBA students
and this is likely to be the case for some time
as banks and other institutions come under
greater regulatory control.”
Nigel Bannister, chief global officer at
Manchester Business School says that as a
result of reportedly fewer jobs available in
finance industries, MBA applicants have
chosen to pursue careers involving entre-
preneurship as a more realistic option.
“There have been fewer opportuni-
ties for MBA graduates to move into the
financial services sector,” he says. “This has
meant that students have looked at other
sectors and have chosen electives such as
entrepreneurship or project management
which may fit their career aspirations better
than maybe corporate finance.”
Economic Salvation:
Entrepreneurship
on MBA programs
W
hile seemingly paradoxical, MBA employers are in-
creasingly placing an emphasis on the entrepreneurial
talents of their new hires.
Though traditionally an area where a business school
graduate might aim to start up their own enterprise, em-
ployers value the talents of graduates who can, in tough
economic times, develop fresh sources of revenue, while
the graduates themselves find greater security in testing
their entrepreneurial ideas with the financial backing of
their employers.
“Interestingly, large employers were once reluctant to
hire MBAs with significant entrepreneurship coursework
for fear that the new hire was only passing time before
starting his or her own business,” explains Dr Brian S
Anderson, assistant professor of entrepreneurship at the
Richard Ivey School of Business. “As large firms come to
recognize that pursuing innovation and entrepreneurial-
centric strategies pays off in terms of better performance -
something that research has shown repeatedly - those firms
are seeing more value in MBAs that have knowledge of,
and experience with entrepreneurship topics.”
However, with a gloomy economic outlook for much
of the world, it’s not just businesses that are placing their
faith in MBA entrepreneurs, as governments begin to place
greater faith in new industry in order to provide jobs and
economic growth.
As a result, MBA graduates and alumni with entrepre-
neurial experience are very much sought after throughout
the world.
View the top 50 business schools that employers
value for producing MBA graduates skilled
in entrepreneurship.
Visit: www.TopMBA.com/G200-entrepreneurship






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W
ith essays, personal statements and
admission test scores to deliver,
MBA applications can be overwhelming for
some. But knowing how to avoid the most
common pitfalls during the application pro-
cess could put applicants ahead of the game.
“The top one mistake is failing to size
up the competition,” says Andrew Mitchell
director of pre-business programs at Kaplan
Test Prep.
Some MBA applicants will have very
demanding jobs and be very engaged in
their career – one of reasons why they make
a good candidate for business school. But
failing to free up a substantial amount of
time to prepare an MBA application could
be damaging.
“Some applicants fail to dedicate time
to their application and think that their
work experience will speak for itself. That
isn’t necessarily true. To counter that, a
good move would be to do your research
on what it’ll take to make your application
competitive,” Mitchell advises.
Conquer the GMAT with preparation
Preparing for business school admission
tests, such as the internationally accepted
Graduate Management Admission Test
(GMAT), is an important first move in stay-
ing ahead of the competition.
Dana Jinaru moderator at Beat the GMAT,
an online GMAT resource, says that unlike
other elements of the MBA application, the
GMAT is 100% under the applicant’s control.
“You cannot change the quality of your
work experience or your college GPA, but
by following the right study plan, you will
be able to reach your target GMAT score.”
Jinaru advises setting aside one-and-a-
half to two hours a day, and more on the
weekend, to prepare for the exam. “Famil-
iarize yourself with the basics of the test:
structure, types of questions, directions, time
limits, scoring, etc. All these elements are
important in helping you understand the
logic behind the GMAT.”
The next step is to take a practice test.
“Carefully examine your results to under-
stand your strengths and weaknesses, and
then develop a strategy that addresses your
weak spots,” she advises.
Every question counts
However when it comes to sitting the
GMAT, some candidates make the mistake
of investing too much time on the first ten
questions, with the view that the computer
adaptive testing algorithm uses these initial
ten to estimate their ability.
“The reality is that every question
counts. In fact, it can hurt your ability
to finish the test,” says GMAC’s direc-
tor of marketing, Jane Delbene. “It’s very
important to pace yourself. Completing
the test is one key to a better score. If you
are stumped by a question, give it your best
guess and move on. The penalty is severe if
you don’t finish the test,” she adds.
Trying to estimate the difficulty level of
the test questions could be to the detriment
of securing a good score. Many candidates
make the mistake of thinking that an easier
question is an indication that they had an-
swered the previous question incorrectly.
However this is not necessarily true. The
computer adaptive system selects a specific
number of questions from each category,
MBA success the MBA
application process
and beyond
Carefully
examine your
results to
understand your
strengths and
weaknesses,
and then
develop a
strategy that
addresses your
weak spots
Experts in management education and business schools
around the world give Kin Ly their advice on how to file a
successful MBA application

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“Let’s say the test calls for your next ques-
tion to be a relatively hard problem-solving
question involving arithmetic operations. If
arithmetic-based questions of this difficulty
have all been administered, then you might
be given an easier item,” Delbene explains.
“It takes special skill to correctly
estimate the difficulty level of test ques-
tions – most people get it wrong. Don’t
waste valuable time during the test trying to
figure it out,” she stresses.
The perfect interview
Impressing the business school admissions
officer with a refined and compelling pitch
during an interview will bring candidates
a step closer to bagging a place at their
desired business school, and this may require
a lot of practice.
“Speaking about yourself is a lot differ-
ent from writing, so it’s probably a good
idea to practice this out loud,” says Rose
Martinelli, associate dean for student re-
cruitment and admissions at the University
of Chicago Booth School of Business.
“What is really helpful for candidates is
to sit down with friends or colleagues and
discuss their path, plans and dreams. Re-
ally get into a mock interview experience.
The more you interview, the better you
become,” he adds.
MBA support from
the workplace
E
mployers play a key role in supporting your MBA application in the form of
a recommendation letter, but they can also offer valuable help during your
MBA study. This is especially the case for those opting to take a part-time MBA
because they want to continue working.
“Sometimes an employer is simply very generous, but other times an agree-
ment needs to be reached in order for them to give you the support you need.
It’s all about negotiation and communication,” says Bernard Garrette, associate
dean for the HEC Paris MBA program.
If you have an understanding employer who supports your ambition to pur-
sue a part-time MBA, keeping these communication channels open is incred-
ibly important.
“Major employers can offer time off and possible financial support,” explains
Professor Paul Dainty, deputy academic dean and associate dean of teaching and
learning at Melbourne Business School in Australia. “However, the most impor-
tant things are ensuring they understand the learning process, that they avoid
giving their MBA employees huge demanding workloads around assignment and
exam times, and that they give them space and time to do things like syndicate
work,” he adds.
Keep communication channels open
It’s not just your employer you need to communicate with – it’s also impor-
tant to keep your colleagues and peers in the loop too, and as Professor Dainty
warns, you can’t necessarily expect your colleagues to understand what you’re
going through.
“Resentment is an issue, especially when part-timers have to leave work
earlier. The MBA employee needs to try and help colleagues see that their study
is also of benefit to the company,” he says.
Business schools are also on hand to provide valuable advice. “We understand,
perhaps better than anyone, what sacrifices are involved and can use this knowl-
edge to help students to get the most out of the MBA experience,” says Marcel
Kalis, head of career services at ESMT European School of Management and
Technology in Germany.
Many MBA candidates leave their workplace in the hope that the degree will
provide them with a career change. However, if they find themselves in a posi-
tion where their employer holds their job open for them upon graduation, it’s
important to organize regular catch-ups in order to share their MBA learning.
Highlighting newly acquired skills and knowledge, and making them relevant to
the workplace, will demonstrate the value of an MBA.
For those taking a part-time MBA in order to
continue working, it’s important to gain the
support of your employer. Ann Graham speaks to
a number of business schools on how best to win
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Ten ways to get
a job through your
alumni network
The benefits of a business school’s alumni network are vast.
Kin Ly speaks to some of the top business schools in the
world and highlights 10 ways in which alumni networks can
improve an MBA’s career prospects
1. Giving back to the school
S
etting graduates on the right path
to their ideal job is at the top of the
to-do list of many business school alumni
networks. Many of the top schools boast an
alumni network of thousands of business
leaders worldwide who are at the helm of
some of the largest corporations ranked by
Forbes 500.
Passing on their secret to success is a cul-
ture shared by business school alumni and is a
definite benefit that MBA graduates and stu-
dents should take full advantage of. “Students
are indoctrinated with the idea of giving back
to the school in many ways, and helping oth-
ers is certainly one of those ways,” says Andy
Steele, executive director of development and
alumni services at Tuck School of Business at
Dartmouth, in the US.
“Tuck has 9,000 alumni, most of whom
are very active in helping students and other
alumni find jobs. Our database is well used by
both groups for networking purposes,” he says.
2. Accessing worldwide industry leading
positions
With a search engine full of contacts to
some of the world’s most influential business
moguls, active involvement with your alumni
network could open the doors to new and
exciting opportunities.
With businesses globalizing, “Graduates
are working in industry leadership positions
around the world: the US, Japan, China,
Korea, Germany, the UK, India, Russia, Brazil,
Singapore, Switzerland, Mexico, and literally
dozens and dozens of other countries,” says
Sheryle Dirks, associate dean of the career
management center at Duke University’s
Fuqua School of Business, in the US.
“Fuqua’s alumni numbers more than
16,000 graduates and the number increases
by around 800 each year. There are another
140,000 Duke alumni who are part of the
university community,” she adds.
3. ‘Inside’ introductions
Networking through your school’s alumni
services should be made a priority in any
MBA job search. In some instances it could
open up opportunities where graduates are
introduced to some of the biggest names
in business.
“In terms of job seeking, our alumni
network is invaluable in China. China’s
‘guanxi’ [connections] based business culture
makes ‘inside’ introductions an extremely
effective means of networking and finding
business partners or a new job,” says Dean
John Quelch at China Europe International
Business School (CEIBS).
4. Return to recruit
It is worth sending a CV and covering letter
to your school’s alumni services. Well aware
of the strengths in the school’s curriculum
and faculty, many successful alumni return to
their graduating business school to find their
next appointee.
Rick Bertasi, managing director and
global head of corporate real estate and ser-
vices at Deutsche Bank, found Tuck’s alumni
network very useful. He graduated from the
US-based business school 24 years ago and
Networking
through your
school’s alumni
services should
be made a
priority in any
MBA job
search
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over a 10-year period, has employed 12 Tuck
graduates, two of whom were appointed to
Deutsche Bank.
“I have used the alumni network exten-
sively to find talented people. The network
helps in the direct recruiting of students. I
also contact the alumni that I’ve kept in touch
with as a resource for recommended candi-
dates who have the skill-set and background
that I’m looking for.”
5. On-campus recruitment
On-campus recruitment, where business
schools organize recruitment events or have
in-house recruitment services, is a further
benefit of a business school’s alumni network.
Duke’s Fuqua School of Business has es-
tablished an MBA career management center
that works directly with organizations to help
them recruit.
“The Duke MBA career management
center has a variety of flexible recruit-
ing options ranging from resume books to
on-campus interviews that can help alumni
identify graduates who can help their firms
address today’s most significant global business
issues,” says Dirks at Fuqua.
6. Internships
As with the potential of finding the ideal job,
there is also the possibility of finding intern-
ships through your alumni network, especially
as many are in key recruitment positions.
“Some of our alumni offer internship
opportunities for students as well as long-term
job placement for graduates, says Sherring
NG, head of marketing and admissions of
MBA programs at HKUST Business School
in Hong Kong.
“Besides, alumni can always give good
recommendations and refer students to the
network necessary for their career develop-
ment,” she adds.
7. Hands-on job application help
The support of alumni networks extend
further than putting you in contact with the
right people. There are useful CV and cover-
ing letter workshops to help ensure that your
application catches the attention of recruit-
ment managers.
“Alumni conduct mock interviews with
students to get them prepared for a real job
interview. They also share industry knowledge
with current students in alumni gatherings
and seminars,” says NG.
8. Mentoring future business leaders of
tomorrow
One of the key focuses of a business school
alumni network is helping to develop the ca-
reers of their graduates. Many do this through
mentorship programs.
For example, CEIBS has developed a
mentorship program that is delivered by ex-
perienced MBA alumni and executive MBA
graduates and students. The aim is to mentor
current MBA students on how best to achieve
their career goals.
9. Life-long relationships
Business schools have a strong ethos of
maintaining life-long relationships with their
alumni, doing so through a number of work-
ing groups. Many play a key role in some of
the career services offered by schools such as
alumni councils, advisory boards, and specific
industry advisory groups in areas like health,
and social entrepreneurship. Dipping into
these services could aid in obtaining vital
business contacts.
“Our alumni are actively engaged with
Fuqua, serving in volunteer and advisory roles
on Fuqua’s most significant initiatives, as well
as lending their time and counsel to current
students seeking wisdom and advice. Fuqua
alumni have a life-long relationship with the
school as well as with each other,” says Dirks.
IE Business School in Spain has developed
what it refers to as a ‘structured’ networking
service to encourage contact-building. “IE
has a net of 40,000 alumni spread all around
the globe. In order to keep the network con-
nected, the activities of alumni are structured
in more than 200 different clubs and chapters
which gather alumni geographically, as well
as by field, industry interest, and affinities,”
says Margarita Alonso, the school’s director of
alumni and careers.
10. Sharing best practice through social
media
Technological advances have stimulated a
boom in online social networking websites
which have evolved the way we network.
Business schools have taken this by storm
with some adapting the ubiquitous social net-
working website to develop their own online
alumni social network.
Fuqua School of Business is one of many
business schools to do this with the develop-
ment of DukeConnect, the university’s online
career networking and mentoring tool. “It
gives alumni the opportunity to share their
insights with current students on career goals,
employer information, interview coaching,
networking, regional information or resume
critiques,” says Dirks.
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B
usiness schools around the world
have been enrolling higher numbers
of students who are specifically taking an
MBA to help them change careers. The
trend is reflective of findings from the latest
TopMBA.com Applicant Survey of over
4,500 prospective MBA students. It found
that since 2006, there has been a year-on-
year rise in those wanting to take an MBA
to equip them for a change in career. In
2011, 44% of prospective students said this
was their main reason for taking an MBA
– the highest percentage of career changers
since 2006.
Rise in career changers to
business school
Consulting, finance and technology are
the most popular industries among career
changers, according to QS’ report. A total
of 39% say they want to leave their current
sector to pursue a career in consulting.
Finance follows in second place with 30%
wanting to switch to this particular industry,
while technology is third, attracting 21% of
MBA applicants looking to enter the sector
after graduation.
Julie Strong, senior associate director at
MIT: Sloan School of Management in the
US, says the survey’s findings are reflective
of its students’ aspirations: “Overall, about
80% of all our students are changing careers
which has been very typical for many years.
Consulting, finance and technology are all
prominent areas.”
The trend is also witnessed by Mel-
bourne Business School in Australia. Jane
Prior, the school’s academic programs
director says: “The vast majority of full-time
MBAs at Melbourne Business School are
interested in switching careers – much more
so than their part-time peers. We tend to
find that consulting and finance are attrac-
tive options for both women and men.”
An MBA qualification has helped many
redirect their careers and move into a new
sector. Nita Swinsick, IE Business School’s as-
sociate director of admissions says one of the
reasons an MBA can bring about a change in
career is “because it enables students to gain a
global perspective on business.
“First students learn about the different
areas of business through real-life cases and
the experiences of their peers. Secondly,
career changers are able to profit from their
school’s network, and finally, an MBA will
give students an opportunity out of the
workforce to really reflect on what they’d
like to do next,” she says.
Female career changers more common
Overall, women are more likely than men
to take an MBA to help them change ca-
reers, the survey of MBA applicants found.
Just over two-fifths (41%) of women
want to take an MBA to help them change
careers – 6% more than their male peers.
Past figures show that this is a growing
trend. For three years in a row, more women
than men say their main reason for taking
an MBA is to move into a new industry.
After 11 years in environmental engi-
neering, Wendy Rudder decided to take an
MBA at Saïd Business School in the UK
in order to move into consulting. She now
works for the global management consult-
ing firm McKinsey and Company.
“I chose to move into management
consulting because it would put me in a
position to make key decisions and take on
a leadership role,” she says.
“I felt that consulting would be a great
More MBA applicants
look to change careers
An MBA
will give students
an opportunity
out of
the workforce
to really
reflect on
what they’d
like to do next
Across the globe, business schools are admitting a higher
number of career changers – is the MBA the golden ticket
to a new career? Asks Kin Ly
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opportunity to be a part of a leading organiza-
tions and learn how the most successful ones
were building businesses that address social and
environmental issues but made money too.”
In order to achieve her aim, Rudder
said she needed to understand the workings
of the business world – decision making,
and strategy development. She felt that “an
MBA would be the best step toward the
career I wanted.”
From MBA to entrepreneur
For Nirmala Sankaran, an MBA alumni from
the Indian Institute of Management in Ban-
galore, India, an MBA qualification provided
her with the skills and confidence to start her
own business. Following graduation, Sankaran
went on to work in finance. After a decade,
she made the bold move to leave finance and
start her own business. She is now the co-
founder and managing director of HeyMath!
an online maths curriculum.
“After 11 years at Citigroup, I was itch-
ing to create something that would make a
difference,” she explains.
“It had to be a large, global problem,
and the solution had to take advantage of
the internet. After three months of intense
research, I honed in on education – specifi-
cally maths. I found that there was a funda-
mental and acute shortage of good maths
teachers globally,” she says.
With a clear objective now in mind, San-
kara established a research and development
center in India and worked on creating an
online digital maths curriculum. She says
the aim was for it to become the ‘Google
for maths.’
Looking back at her MBA studies, she
says: “The MBA gave me all-round exposure
to the different facets to running a business.
I did not have any work experience before
business school. But regular classroom
discussions, group projects, case studies and
interaction with professors and students
provided a fantastic foundation.”
Before taking the plunge into a new
career, Swinsick advises attending a number
of informational interviews: “If you’re look-
ing to change careers first you need to be
sure that the change you want to make is
the right next step for you, and to this end
it’s very important to attend informational
interviews and to speak to people you
know who work in the type of role you’d
like to do.”
The next step is to network: “Get in
touch with people that you know have ex-
perience in your desired area but you should
also complement this with other types of
networking, for example, by attending talks
or conferences and using social media web-
sites such as LinkedIn to connect with the
right people.”
The MBA
gave me
all-round
exposure to
the different
facets
to running
a business
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ĂĚǀŝĐĞ ĂŶĚ ƟƉƐ ƐŚĂƌŝŶŐ͘
Social Medias͕ ĐŽŶŶĞĐƟŶŐ ǁŝƚŚ ũŽď ƐĞĞŬĞƌƐ ŽŶ ƚŚĞ
ƐŽĐŝĂů ƉůĂƞŽƌŵ ƚŚĞLJ ƵƐĞ ǁŝƚŚ ǁĞď Ϯ͘Ϭ ƚŽŽůƐ ǁŚŝĐŚ
ƉƌŽǀŝĚĞ ƵƐĞĨƵů ŝŶĨŽƌŵĂƟŽŶ ŽŶ ŚŝƌŝŶŐ ĐŽŵƉĂŶŝĞƐ ;ǀŝĂ
Wikipedia, Google Maps and Google Finance) but also
ĞdžƚĞŶĚ ƚŚĞ ĞdžƉŽƐƵƌĞ ŽĨ ƚŚĞ ĂǀĂŝůĂďůĞ ũŽď ŽƉƉŽƌƚƵŶŝƟĞƐ
;ǀŝĂ ŽƵƌ ƉƵƐŚĞƐ ŽŶ 1ǁŝƩĞƌ͕ LŝŶŬĞĚlŶ ĂŶĚ lĂĐĞŬͿ͘
All is there to spread the word!
͟8ĞĂĐƟŽŶ ŝƐ ǀĞƌLJ ƋƵŝĐŬ͕ ǀĞƌLJ ůŽĐĂů ĂŶĚ ǀĞƌLJ ŐŽŽĚ
ƋƵĂůŝƚLJ͘ l ŚĂĚ ϭϰ ĐĂŶĚŝĚĂƚĞƐ ĂƉƉůLJŝŶŐ ƚŚĞ ĮƌƐƚ
day and 10 of them are being interviewed today
ĂŶĚ ƚŽŵŽƌƌŽǁ͘ SŽ ƚŚĂƚ ŝƐ ĨĂƐƚ͘ 1ŚĞ ŬŝŶĚ ŽĨ ƐƉĞĞĚ
you need for a jobs engine.”
Walter De Brouwer – CEO, One Laptop Per Child
Europe
͞l ĐĂŶ ĂƐƐƵƌĞ LJŽƵ ƚŚĂƚ ŝŶ ƚŚĞ ĨƵƚƵƌĞ ǁĞ ǁŝůů
certainly use your website again, because
we’re really pleased with it. Not just about
the responses we get, but also about the fact
that you follow up really well, not just list
an ad and of course the personal contact.”
Eva Goedtkindt – HR Assistant, Truvo
Our typical audience could be described
as follows :
ͻ CƌĂĚƵĂƚĞƐ ;ϴϬй ŽĨ ƚŚĞ ĂƵĚŝĞŶĐĞ ŚĂƐ Ăƚ ůĞĂƐƚ
a university degree)
ͻ LdžƉĞƌŝĞŶĐĞĚ ;ϲϬй ŽĨ ƚŚĞ ĂƵĚŝĞŶĐĞ
has more than 5 years of experience
ĂŶĚ ϯϱй ŵŽƌĞ ƚŚĂŶ ϭϬ LJĞĂƌƐͿ
ͻ lŶŇƵĞŶƟĂů ĞĂƌůLJ ĂĚŽƉƚĞƌƐ
ͻ AǀŝĚ ƚƌĂǀĞůĞƌƐ ĂĐƌŽƐƐ LƵƌŽƉĞ
AŶĚ ŝŶ ƚĞƌŵƐ ŽĨ ƚƌĂĸĐ ͗
ͻ ϮϱϬ͕ϬϬϬ ǀŝƐŝƚƐ ƉĞƌ ŵŽŶƚŚ ŽŶ ĂǀĞƌĂŐĞ͕
of which approximately 21.000 visits
on JobsinBrussels.com
ͻ ϭϴϱ͕ϬϬϬ ĂďƐŽůƵƚĞ ƵŶŝƋƵĞ ǀŝƐŝƚŽƌƐ͕ ŽĨ ǁŚŝĐŚ
ϭϰ͕ϬϬϬ ŽŶ !ŽďƐŝŶ8ƌƵƐƐĞůƐ͘ĐŽŵ
ͻ CůŽƐĞ ƚŽ ϭ ŵŝůůŝŽŶ ƉĂŐĞƐ ǀŝĞǁĞĚ ĞĂĐŚ ŵŽŶƚŚ
on the JobsinHubs network
ͻ MŽƌĞ ƚŚĂŶ ϭ͘ϬϬϬ ũŽď ĂĚƐ
on JobsinHubs.com
ͻ l1 ĂŶĚ lŝŶĂŶĐĞ ŽƌŝĞŶƚĞĚ ǁŝƚŚ ŵŽƌĞ ƚŚĂŶ
ϰϬϬ ũŽď ĂĚƐ ŝŶ ƚŚĞƐĞ ƚǁŽ ƐĞĐƚŽƌƐ
ͻ ϴϱ͘ϬϬϬ ƐƵďƐĐƌŝďĞƌƐ ƚŽ ŽƵƌ ǁĞĞŬůLJ
ŶĞǁƐůĞƩĞƌ ŐĂƚŚĞƌŝŶŐ ƚŚĞ ůĂƚĞƐƚ ũŽď ŽƉĞŶŝŶŐƐ
JobsinHubs.com
For English speaking professionals
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US students ‘on the MBA
employer radar’
With a wealth of high-quality programs in
the region, prospective students are spoilt
for choice on location, program duration,
teaching method and class size. Add to this
advances in technology and communica-
tion, plus an increased focus from employ-
ers on finding the right-fit MBA graduate
employees, and choosing a suitable program
can be tough.
Further, locality is becoming less of a factor
in post-MBA hiring across North America.
Students are able to attend schools across the
region, experiencing for a short time, a climate
and environment that they might not have
otherwise. All this safe in the knowledge that
they are still on the radar of MBA employers,
regardless of their study location.
This is a perspective shared by interna-
tional MBA employers, who according to
recent QS research, continue to increase the
number of business schools they recognize
for producing quality MBA graduates. It
is not only the quality and reputation of
North American business schools, but also
the exposure to the US job market, which
makes the experience of studying in the US
an attractive trait to employers abroad.
But prestige and reputation are not the
only factors that ensure North American
business schools consistently rate among the
best in the world. It is also their ability to
change with the times.
Changing with the times
Despite initial concerns, the global econom-
ic situation of recent years has done little to
stifle overall demand, or reduce competition
for admission to top MBA programs in the
region. Where it has had a significant ef-
fect, is in forcing business schools in North
America to re-asses and improve how they
offer MBA programs to their students in
order to continue to develop relevant future
business leaders.
Business schools constantly adapt, of-
fering more variety and diversity in their
curriculum, and increasing the number of
ways that students can access their programs.
More elective options, greater number of
specializations, and increasingly flexible
study methods are just a few ways that
North American schools continue to entice
top students back into the classroom.
Shorter, more intense 12- to 18-month
programs have seen increased popularity in
both the US and Canada. The development
of part-time or modular executive study
formats have also allowed schools to appeal
to those keen to continue working while
improving their long-term prospects during
a time of uncertainty.
Diverse MBA classrooms and
team interaction
Schools have also strived to offer the
most relevant and challenging classroom
experience. Students often find their MBA
classroom to be the most diverse working
environment experience that they have
encountered. Reflective of today’s busi-
ness world, there is a heavy focus on team
interaction and peer learning, participation
in case study competitions and international
class residencies.
Schools have also been keen to take
advantage of changing social trends, as well
as to give more flexibility to students. There
has been an increase in courses and custom-
ization options for specializations in emerg-
ing areas such as non-profit management,
North America
the all encompassing
MBA experience
As the home of the MBA, North America can often be a
very appealing MBA study destination among prospective
students. US-based business education expert Aled Owens
explores the ever-popular aspiration of pursuing an MBA
in North America
Shorter, more
intense
12- to 18-month
programs have
seen increased
popularity in
both the US
and Canada
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corporate social responsibility and energy
sustainability. However, the emergence of
these interests has been at the expense of
more traditional areas, with finance in par-
ticular declining in popularity over the past
two years as a chosen specialization.
A further result of this development has
been the continued increase in the number
of MBA graduates turning to roles in con-
sulting, particularly in non-traditional in-
dustries. This has been encouraged through
schools increasing the opportunity to gain
consulting experience as part of their MBA,
including short and long-term international
residencies, many of which include consult-
ing engagements.
Adapting to market hiring conditions
These changes have helped students them-
selves alter their approach and position-
ing in the job market. Many who started
their MBA with specific career goals have
adapted to market hiring conditions, or
found new business opportunities in their
own passions and interests. To some, this
has meant exploring technology and e-
commerce organizations, which are looking
to attract the brightest talent; or turning to
opportunities within healthcare industries
which are looking to restructure in order to
meet the demands of an ageing population;
or to supply chain roles within organiza-
tions looking to modernize processes,
globalize logistics and digitalize commu-
nication. To others, entrepreneurship hubs
and venture funds have allowed them to
explore business start-ups with the support
of expert faculty and infrastructure within
the school.
Many assumptions can be drawn on the
effects that these developments have had on
students who have passed through business
schools over the past two years. However,
despite ongoing macro concerns of curren-
cy instability, a lack of investor confidence
and ongoing MBA hiring freezes, there is
evidence that many of these changes are
beginning to show success. After enduring
three years of bleak reports on post-grad-
uation job prospects, students have been
buoyed more recently, as MBA employers in
the US and Canada report a 24% increase in
the number of jobs on offer in 2011, com-
pared to the previous year. These numbers
are good news for current students, recent
graduates and those considering applying to
schools in North America over the next 12
months. They suggest that business schools’
reactions to changes in hiring demand has
in fact helped MBA students endure turbu-
lent economic times.
Many of the conclusions drawn
from this report are based on QS
primary research, of which the au-
thor is heavily involved in collating,
including:
QS TopMBA.com Applicant Survey
2011; (TopMBA.com/applicant-
survey-11)
QS TopMBA.com Jobs and Salary
Trends Report 2011/2012;
(TopMBA.com/jobs-salary-
report-11-12)
QS Global 200 Business School
Report 2011/2012 (TopMBA.com/
global-200-12)
b
poort 2011/2
ns
20
l-20 baal- )
looki
urnin
indu
ure in
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hin
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rns
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during
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o ,
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and
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ca
llop
assed
t two years H wo years. H st tw r th y
conc ff curren
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macro goi m
f investo nc ility la or
reez A MB oing MBA hiring freezes, there is MB
ch
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Promoting an international
study experience
S
chools in the US have continued to
promote their programs to international
students, fully aware of the importance of
providing an international study environ-
ment that is reflective of the business world.
This has meant that anywhere between
20% and 50% of an MBA class often
comes from outside of the US.
However, the number of international
students not getting into business school
in the US is also extremely high, often
explained by a lack of research and poor
choice of schools to apply to.
Applicants will often place high em-
phasis on inaccurate assumptions, with
sometimes too little research going into
opportunities at other US schools outside
of a select group. International applicants
place more focus on rankings than their
domestic US counterparts. They often have
little understanding of how each ranking
is calculated and less awareness of which, if
any, is most relevant to their situation. Un-
fortunately, this means that many world class
study opportunities are overlooked.

North America
international and
domestic experiences
As one of the most prestigious MBA
study destinations in the world,
North America attracts a wealth of
international and domestic students.
US-based business education expert
Aled Owens takes a closer look at
the international and domestic study
experiences
Studying in the U
S:
the international student
B
efore my M
BA, I was work-
ing at a power plant contractor
company in Thailand. I knew that
this experience alone wouldn’t be
enough to run my family business in
the future; and so I decided to apply
to business school.
As a leading world economy, I
chose to pursue my M
BA in the US,
and I was accepted at the M
ason
School of Business at the College
of W
illiam and M
ary in Virginia.
Through its specialist programs in
areas such as entrepreneurship, I was
able to broaden my engineer’s view
to an executive view. However it was
not only the academic experience
that benefi ted me. The two years
that I spent at the M
ason M
BA also
fi lled me with culture experiences
and friendships from diverse students,
faculty and staff.
After earning my M
BA degree,
I secured a position back home in
Thailand as an assistant manager
in Siam Brothers Corporation, a
family-owned fi shing rope and net
manufacturer.
Chun Sawatyanon, 2011 MBA graduate
at the College of William and Mary Mason
School of Business
Visa restraints
One of the ongoing difficulties facing international students is securing a post-
graduation work visa to remain in the US. Although many international MBA
students try to remain in the US, some of the most successful international students
of recent years have been those who’s MBAs fit into their plan to return home,
post-graduation.
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The domestic MBA experience
M
any domestic US students see a re-
turn to school as a great opportunity
to start a new chapter in their lives, particu-
larly after initially settling somewhere for
a four- to five-year period following the
completion of their undergraduate degree.
For this reason, there is an ever increasing
trend where students move further distances
across the country to attend business school.
In times where businesses have been
more selective in their MBA hiring, em-
ployers have held a decreasing reliance on
locality and put more emphasis on finding
the right-fit candidate for a role. Almost
gone are the days when post-graduation
jobs were limited by where a candidate ob-
tained their MBA. This has made the idea of
studying in certain parts of North America
a lot more appealing, and a great opportu-
nity to spend 12- to 24-months in another
city, state or region.
At the same time, part-time study has
become a more attractive option during
times of economic uncertainty. Business
schools have adapted their programs with
changing times, in some cases this has
accelerated the time it takes to complete
a part-time program, and in others it has
increased the flexibility and specialization
options available. Many part-time MBA
options can also be studied from afar, with
more modular options available where
the study commitment is a few days per
month, with more content and class
interaction shifted online.
Canada’s MBA experience:
high salaries, high living standards
O
ver recent years, business schools
in Canada have been very keen
to promote the opportunities avail-
able for studying in the country, many
of which have developed alongside a
very strong Canadian economy. With
Canadian MBA graduates reporting
very competitive starting salaries and
a high standard of living, combined
with a welcoming visa system allow-
ing students to stay automatically
after graduation, more and more
international students are looking to
Canada to study their MBA.
For each candidate, the country
offers a variety of top MBA pro-
grams to choose from, with options
in program duration, study method
and locations – and each with
world class international faculty
and facilities. Combined with
ample job opportunities and a
high standard of living, many
MBA students consider Canada
to be one of the prime study
destinations in the world.
D
om
estic student:
a ‘perfect-fi t’ M
B
A

O
riginally from
Baltim
ore,
M
aryland I worked as an IT
Consultant for a Fortune 500 com
-
pany in W
ashington, D
C. I looked
at program
s across the country m
ost
reputable for their m
aster’s in m
an-
agem
ent inform
ation system
s (M
IS)
departm
ents and with strong ties
to top em
ployers in the technology
industry. The Eller College of M
an-
agem
ent at the U
niversity of Arizona
was a perfect fi t. Their curriculum

has provided m
e with the tools nec-
essary to ensure m
y continued suc-
cess. I’ve recently secured a position
as a m
anagem
ent consultant with
IBM
Global Business Services as part
of their strategy and transform
ation
group in Atlanta, Georgia.
Corey Eck, 2012 M
BA candidate at the
University of Arizona in Tucson, Arizona,
Eller College of M
anagement
C
anada’s one-year M
B
A
appeal

B
efore m
y M
BA studies at Q
ueen’s School of Business, I
worked for the Fortune 500 fi nancial services and com
m
odi-
ties trading organization IN
TL FCStone, at the Chicago Board
of Trade. I spent four years on the 24-hour com
m
odities trading
desk dealing with Asia-Europe orders.
O
n the desk, our team
dealt with the fi nal stages of an order
in a process known as ‘execution’. W
e worked with a m
yriad of
different clients such as the com
m
odities exchange organization, the
N
ew York M
ercantile Exchange (N
YM
EX
).
I decided to take m
y M
BA at Q
ueen’s School of Business because of the calibre of its
one-year education program
, its em
phasis on continuous innovation, and its team
-based
approach. Although the vast m
ajority of one-year M
BA program
s are in Europe, I thought
it would not be a wise choice because the region’s fi ve-year European credit default swap
continues to widen.
After graduation, I plan to work with an integrated agribusiness com
pany in a m
erchan-
dising-export fi eld, as there appears to be a host of opportunities since the breakup of the
Canadian W
heat Board. In the long term
, I plan to launch the fi rst inter-com
m
odity spread
based hedge fund in Canada.
Brendt Lam
bert, 2012 M
BA candidate at Queen’s School of Business, Queen’s University, Kingston, Canada
84 TopMBA Career Guide Spring/Summer 2012
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Student Profile
School of Management,
California Lutheran University
One Year MBA
CLU School of Management
Southern California, USA
The Exceptional Value of a 12 Month MBA
The MBA at CLU is recognized as “An Exceptional
Value in US Graduate Business Education.” CLU is
ranked by US News & World Report as a Top Tier
Master’s-granting university in the US West. The
CLU MBA is demanding, and the expectations are
high – but the rewards are great. And the total cost
is far less than that of many other MBA programs.
Significantly, the degree can be completed in as few
as 12 months. The combination of substantial value,
spectacular location, small class size, close contact
with renowned faculty, and internship opportunities
appeals to even the most discriminating and highly-
qualified applicant.
General or Specialized Degree Program
Students may select either a general MBA or a
specialized MBA with an emphasis in one of several
areas, including Finance, Marketing, Management/
Organizational Behavior, Information Technology,
International Business, Financial Planning,
Entrepreneurship, and Social Enterprise/ Not-for-
Profit. In addition to classroom activities, there are
many scheduled seminars, workshops, and other
professional development opportunities.
Admissions Criteria
Admissions are selective but flexible. Minimum
expectations include a bachelor’s degree with a
respectable academic record; work experience is
not required. Most applicants submit GMAT scores,
but with a sufficient demonstration of quantitative
ability, this test may be waived. Similarly, most
applicants report TOEFL scores, but under certain
circumstances this requirement can also be
modified. A Pre-MBA is available for students with
degree backgrounds other than business.
A Southern California Campus
CLU is located in Thousand Oaks, California, mid-way
between Los Angeles and Santa Barbara (about an
hour’s drive from each). The 200+ acre (90+ hectare)
park-like campus enjoys a superb climate, where it
never freezes or is ever too warm.
Costs and Scholarship Opportunities
The all-inclusive price of the MBA program at CLU
for the 2012 academic year is about $50,000, which
includes tuition, seminars, events, health insurance
and shared graduate housing with private bedrooms,
full kitchens, and wireless internet.
Career Planning
The CLU Career Center is instrumental with career
development, and the placement rate is high. In
addition, an optional internship can provide a
useful introduction to national and international
employment opportunities.
Application Procedures
Students may apply for any of four entry points:
August, November, February, or May. Applications
are encouraged at least 120 days before the start of
the term.
Who Should Apply to CLU?
Total cost and speed to completion are often factors
in the student’s MBA decision process. Students who
wish to complete an MBA in as few as 12 months, or
for whom a significant overall educational value is
desired may wish to consider CLU for their MBA in
the USA.
The possibility to complete an
MBA in as few as 12 months
attracts highly-qualified
students from around the
globe to Southern California,
where they discover that
living and learning in CLU’s
environment of intellectual
inquiry and real world training
come together for a well-rounded education
experience. At CLU class sizes are small, and
international and US students alike take courses and
complete meaningful projects together.
Though work experience is preferred, CLU will
consider international applicants who are just
beginning their careers. A Pre-MBA is available for
students with other than business backgrounds.
The international perspectives that these pre-career
students bring to the graduate classes, coupled
with the real world professional experiences of the
American professionals, executives, and managers
who are in the same classes, combine to create a
remarkable environment of international learning,
career mentoring, and the formation of enduring
professional relationships among all participants.
After the academic component of the program,
many MBA graduates elect to engage in an optional
internship, which is arranged with the assistance of
the CLU Career Center and the School of Business
and its faculty.
Recognized as an “Exceptional Value in US Graduate
Business Education,” CLU offers a superb blend of
academics, practical experience, dynamic business
location, and splendid climate.
Programme Type:
Full Time MBA
Part Time MBA
Specialisation by Function:
Economics
Entrepreneurship
Finance
General Management
Information Management
International Management /
Business
IT Management
Marketing
Organisational Behavior
Social Enterprise and Not-for-Profit
Specialisation by Industry:
Banking / Financial Services
Consulting
Government
IT / Telecommunications
Media & Entertainment
Non - Profit Organisation
Pharmaceutical / Bio-Medical
Public Sector
Retail / Consumer Goods
Full Time Course Information
Start Dates:
February, May, August, November
Programme Duration:
12 months
Tuition Fee:
USD ($) 50,000 / Total Program
Cost
Entry Requirements:
Min. GMAT Score : 550 or waiver
Min. TOEFL Score:
Internet 80
Computer 210
Paper 550
Min. IELTS : 6.5
Min. Years of Work Experience : 0
Application Fee :
USD ($) 50
Part Time Course Information
Start Dates :
February, May, August, November
Programme Duration :
12 months
Tuition Fee :
USD ($) 2115 / Per Course
Contact:
Dr. Harry Domicone,
Full-Time MBA Program Director
School of Management,
California Lutheran University
60 West Olsen Road #3500
Thousand Oaks, California
91360
United States of America
Tel: +1 805 493 3511
Fax: +1 805 493 3312
Email: domicone@clunet.edu
Web: www.clunet.edu/IMBA
TopMBA Career Guide Spring/Summer 2012 85
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Colorado State University
College of Business
Accredited internationally by the AACSB since 1970,
the College of Business at Colorado State University
has delivered the MBA classroom experience to
students throughout the world for more than 40
years. As one of the nation’s first universities to do
so, CSU now offers the optimum combination of
quality, convenience, and value through our Online
Professional MBA Program.
Online Professional MBA students receive the same
degree as Professional MBA students on campus
because the programs are identical in academic
content and rigor. The 40-credit comprehensive
business curriculum can be completed in 21
months or may be flexed out over three to five
years. Specializations include finance and computer
information systems as well as an optional Certificate
in Federal Financial Management.
We provide streaming video of current on-campus
MBA classes, including lectures, class discussion,
and slides. Students can view classes wherever
they are on their HP Mini netbooks, provided to
all CSU MBA students. We also provide online
tools including an easy-to-use interface for course
content, assignments, and emails; the latest
business software; complete access to all CSU library
materials; and real-time white boards, document
sharing, and video conferencing for group projects.
Students have the flexibility of viewing classes and
completing coursework whenever they choose
during the week. Assignments and exams follow a
similar schedule to that of the on-campus classes,
ensuring that tasks and classes are completed on
schedule.
Accessibility and personal attention are the
hallmarks of our faculty and staff, high-caliber
professionals who provide top-tier instruction,
academic advising, technical support, and career
counseling and placement services for all students.
Learning is guided by experienced, qualified
instructors you know, all of whom are experts in the
course materials taught.
“The CSU MBA program set the standard for the value
delivered at the reasonable cost. I wanted a flexible
online MBA degree with the same accreditation as an
on-campus program. The level of work and diploma
are exactly the same as for those who attended the
program on campus, and the online program allows
me the adaptability to work on my degree no matter
where my job takes me,” said 2011 graduate Michael
Lathrop, CPT, MI, Army Active Duty.
CSU’s College of Business has a global orientation
with a focus on business ethics and social
responsibility. Recognition for CSU’s MBA Program
includes #1 Online MBA Program (The Best Colleges),
#4 Most Family Friendly and #7 Best Administered
(The Princeton Review), Top 10% of National
Universities (US News & World Report), and Top 100
Colleges of Business (Bloomberg Business Week).
Programme Type:
Professional MBA
Online Professional MBA
Executive MBA
Joint Degree Programmes Offered:
MBA + DVM
Specialisation by Function:
Computer Information Systems
Finance
Professional MBA Information
Start Dates :
August
Programme Duration :
21 months
Tuition Fee :
USD ($) 795 / Per Credit
Online Professional MBA Information
Start Dates :
January
August
Programme Duration :
21 months to 5 years
Tuition Fee :
USD ($) 795 / Per Credit
Executive MBA Information
Start Dates:
August
Programme Duration :
21 months
Tuition Fee :
USD ($) 57,600 total
Contact:
Matt Leland, Program Assistant
Colorado State University
College of Business
Rockwell Hall
1201 Campus Delivery
Fort Collins, Colorado
80523-1201
United States of America
Tel: 001 970 491 1917
Fax: 001 970 491 1917
Email: matt.leland@colostate.edu
Web: www.CSUmba.com
86 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Hult International Business School
#PTUPOt4BO'SBODJTDPt-POEPOt%VCBJt4IBOHIBJ
Hult International Business School is the world’s only
truly global business school with campuses in Boston,
San Francisco, London, Dubai and Shanghai. Hult’s MBA
program has been ranked in the top 20 business schools
in the U.S. and top 30 in the world by The Economist
(2011), and currently ranks in the Financial Times’ (2011)
top 100 business schools in the world, 5th in International
Business and 1st in International Experience. These
rankings recognize our uniquely international focus, the
quality of our program and faculty, and our exceptional
student body and alumni network. Hult is a fully
accredited member of the New England Association of
Schools and Colleges (NEASC) and is also accredited by
the Association of MBAs (AMBA).
Why do students choose Hult?
Global Rotation Program
An international perspective is crucial to understanding
today’s business issues. Hult’s Global Campus Rotation
Program allows students to gain critical insights into the
world’s key economies. Students begin at their home
campus in Boston, San Francisco, London, Dubai or
Shanghai, where they receive the same fully accredited
MBA using an identical curriculum, regardless of
location. Then during their elective modules, students
are given the option to rotate to up to two other Hult
campuses—expanding their international exposure
and global networks.
LEAP Method—Board-level training at
Fortune 500 and leading companies
Hult is the pioneer in action learning; integrating
classroom teaching with real-life situations. Our
LEAP Method is at the heart of our curriculum where
students work with senior management of a leading
Fortune 500 company to solve a real business
problem they face. Partners include Duracell,
Xerox, IBM, Pfizer, FT and Philips. No other business
school offers such high-level exposure, or such an
invaluable opportunity to put classroom theory into
practice.
Going Beyond the Classroom
We turn conventional classroom learning on its
head—from cutting-edge technology, innovative
fast-track programs to executive speakers. All
incoming MBA students are given an iPad with
access to our virtual tutorial sessions to supplement
classes and help navigate any trouble areas. We have
also established HultTV, a web-streaming platform,
allowing students to access our classrooms at any
time, from anywhere. In addition we ensure our
students have continual exposure to the world’s
leading business experts and industry professionals
with an array of guest speakers invited to join our
Executive Speaker Series across all campuses. Current
speakers include 42nd U.S. President Bill Clinton, and
Steve Forbes, Editor-in-Chief, Forbes Magazine.
World-class Faculty with Real-world Business
Experience
Hult’s global faculty has outstanding academic
credentials combined with extensive real-life
experience running and managing successful
international businesses and consultancies. Many
are actively engaged as directors of corporations,
consultants, or managers of growth companies.
International Career Opportunities
Hult’s global Career Services teams, based in
Boston, San Francisco, London, Dubai and Shanghai
specialize in helping international students find
global employment opportunities, and are ready to
assist students in defining and realizing their next
career move no matter where in the world.
Global Alumni Network
As a Hult student, you automatically become a
member of the Hult Alumni Association, a powerful
alumni network of 5,500 business professionals
across 120 countries who hold positions at
companies including Goldman Sachs, McKinsey,
Deloitte, Bank of America, Johnson and Johnson,
Novartis, Motorola, and IBM.
“The most valuable thing Hult has provided me is the
opportunity to connect with people from different
parts of the world. By interacting with people from
every continent, you learn about different customs
and business practices and how the former may
affect the latter. This helps you to prepare for a career
in any part of the world.”
Lola Adenkan
Nigeria
MBA Class of 2010
“Our professors are all former or current professionals
and are all experts in their respective fields. They
challenge us daily to think critically and work
effectively within a team. A Hult MBA not only has
provided me with insights into today’s business
world, but it has also challenged me to make a
significant impact on how business is conducted
today and into the future.”
Alexandre Lemille,
France
EMBA Class of 2010
“Being in a classroom with students from all over
the world is the best and most exciting part of
studying at Hult. We focus on a certain concept and
we each share how that applies in our home country.
John Scully, the ex-CEO of Apple, was my favorite
guest speaker on campus. He had some exciting
ideas about entrepreneurship and the future of the
world, and his understanding of management was
phenomenal”.
Joshua Boone Wilcoxson
United States
MBA Class of 2011
Programs:
Full-time MBA
Executive MBA
Master of International Business
Master of International Marketing
Master of Finance
Master of Social Entrepreneurship
Bachelor of International Business
Administration
Application Fee: 150 USD
Regions of origin
31% South Asia
19% Europe
14% North America
13% Middle East/Africa
12% Latin America
11% Asia
Pre-MBA function
21% General Management
16% Technology/Manufacturing
16% Marketing/Sales
12% Consulting
12% Finance/Accounting
5% Operations/Logistics
19% Others
One-year MBA Course
Information:
Start Dates: September
Program Duration: 12 months
Tuition Fee:
Boston: 64,500 USD
San Francisco: 64,500 USD
Dubai: 236,700 AED
London: 44,600 GBP
Shanghai: 435,000 CNY
Executive MBA Course
Information:
Start Dates: September
Program Duration:
24 months – 5 years
Tuition Fee (per academic year):
Dubai: 124,500 AED
London: 23.500 GBP
Shanghai: 228,500 CNY
Admission Deadlines:
Sun, Feb 5, 2012
Sun, Mar 18, 2012
Sun, May 6, 2012
Sun, Jun 24, 2012
Entry Requirements:
Min. years of work experience: 3
Min. age: 24
GMAT Score
English Proficiency Test
The Americas Admission Offi ces
Boston
Tel : +1 617 746 1990
San Francisco
Tel : +1 415 869 2900
Los Angeles
Tel : +1 310 540 0844
Mexico
Tel : +52 55 5283 3307
Miami
Tel: +1 305 648 9746
Asia Pacific Admissions Offi ces
Hong Kong
Tel : +852 2111 2399
Shanghai
Tel:+86 6133 6133
Europe Admissions Offi ce
London
Tel: +44 207 341 8555
Middle East, Africa, India
Admissions Offi ce
Dubai
Tel: +971 4 375 3088
Contact us:
hult.edu/contact-us
Applications:
hult.edu/apply-now
YouTube:
www.youtube.com/hult
Facebook:
www.facebook.com/HultMBA
www.facebook.com/HultEMBA
www.facebook.com/HultMasters
www.facebook.com/HultUndergraduate
TopMBA Career Guide Spring/Summer 2012 87
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Student Profile
The Tobin College of Business,
St. John’s University
With campuses, resources and connections in New
York City and Europe, The Peter J. Tobin College of
Business at St. John’s University enjoys international
acclaim for educating ethical leaders for today’s
global business environment.
A graduate degree from the Tobin College of
Business commands respect. Tobin is among only
25% of business schools with full accreditation by the
prestigious AACSB International – The Association
to Advance Collegiate Schools of Business. In fact,
Tobin has dual AACSB accreditation for its business
and accounting programs — a distinction shared by
very few business schools.
Today’s executives need a broad understanding
of business practices and the trends that shape
them. The Tobin College of Business provides
this understanding through an interdisciplinary
approach to business that combines a focus on
ethics with experiential learning.
Students at the Tobin College of Business also
benefit from the dynamic business and cultural
environments in which St. John’s University’s
campuses are located: three residential New
York City campuses (Queens, Staten Island and
Manhattan); and an international campus in Rome,
Italy. The Tobin College of Business also is home to
the School of Risk Management, one of America’s
leading schools for actuarial science, insurance and
risk management. The School of Risk Management
was formed when the 100-year-old College of
Insurance merged with St. John’s in 2001.
The Tobin College of Business offers the
following graduate programs: M.B.A. program with
concentrations in accounting, computer information
systems for managers, controllership, executive
management, finance, international business,
marketing management, risk management, taxation,
and a combined M.B.A./J.D.
M.S. programs in accounting, enterprise
risk management, investment management,
management of risk, and taxation.
Enhancing our graduate students’ career
preparation, The Peter J. Tobin College of Business
offers a variety of special programs and resources:
The Student Managed Investment Fund: Donated
by a Tobin alumnus, the multi-million-dollar fund
provides students with experience at researching
and managing a portfolio. Returns from our
investments are used to fund scholarships for Tobin
graduate students.
The Executive in Residence Program: Students
serve as consultants working closely with managers
at actual for- and not-for-profit companies.
Academic Service-Learning and Economic
Development: Students apply their knowledge to
assist small businesses and organizations serving
those in need.
Global Studies: Students have opportunities to
study around the world, including St. John’s campus
in Rome and take part in a two-week intensive
program in London, England.
Our graduates’ success reflects the high academic
quality of the Tobin College of Business. Many
of our more than 34,000 alumni hold the most
senior executive positions in major business and
non-profit organizations worldwide. They form a
strong network of support for current graduate
students, returning to campus to teach and serving
as a valuable resource for internships and career
opportunities.
Under the mentorship
of Assistant Marketing
Professor Ryall Carroll,
Tobin graduate student
Carleen Ramlochansingh’s
thesis on social
networking entitled, Social
Networking Profiles &
Cultural Dimensions: An
Empirical Investigation,
was accepted into the
Annual Association for
Consumer Research (ACR) Conference.
“This was a great accomplishment for Carleen
and St. John’s,” said Professor Carroll. “ACR, the
leading premier marketing conference for consumer
research, only accepted about 50% of the submitted
working papers this year and this was the largest
ACR conference to date with over 1200 participants!
Carleen’s paper was competing with those submitted
by PhDs and full time marketing practitioners
around the world.”
”I wanted a topic that encompassed marketing
with an international impact. We thought about the
global reach of the Internet and found that social
networking is not a U.S. phenomenon but a global
one,” said Ramlochansingh. “I loved the idea of social
networking because it was a fresh, modern topic
that has not been explored in depth.”
The Tobin College of Business Dean’s office
supported Carleen and her paper’s acceptance by
covering her expenses to attend the ACP conference.
Student growth and opportunities for professional
development are focal points at the Tobin College
where students are encouaged to pursue their
interests.
“The conference was a great learning experience
and was quite exciting. I felt a great sense of
accomplishment and pride that I was able to create
a research project that marketing professors and
marketing practitioners from around the world
found both interesting and insightful,” she said.
The Peter J. Tobin College of Business has
provided the highest quality business education
for over eighty years. Many alumni have risen to
senior executive positions in the financial services
community in New York and around the world.
Degrees offered include the Bachelor of Science,
Master of Business Administration and Master of
Science. The College encompasses the School of
Risk Management, Insurance and Actuarial Science,
which is housed at the University’s Manhattan
location in the heart of the New York financial
district. Recent recognitions for the Tobin College
include a listing by The Aspen Institute among the
top ninety business schools in the United States
whose graduate curricula reflect a commitment to
social responsibility and sustainability.
Programme Type:
Full Time MBA
Part Time MBA
Joint Degree Programmes
Offered:
MBA + JD
Specialisation by Function:
Accountancy
Finance
General Management
Information Management
International Management /
Business
Marketing
Risk Management
Tax Management
Controllership
Specialisation by Industry:
Banking / Financial Services
Consulting
Government
IT / Telecommunications
Non - Profit Organisation
Pharmaceutical / Bio-Medical
Public Sector
Real Estate
Retail / Consumer Goods
Venture Capital & Private Equity
Insurance

Full Time Course Information
Start Dates:
January
May
August
Programme Duration:
18 months
Tuition Fee:
USD ($) 1010 / Per Credit
Entry Requirements:
Min. GMAT Score : 530
Min. TOEFL Computer Based Score
: 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 1
Application Fee :
USD ($) 70
Part Time Course Information
Start Dates :
January
May
August
Programme Duration :
31 months
Tuition Fee :
USD ($) 1010 / Per Credit
Contact:
Carol Swanberg, Assistant Dean
The Tobin College of Business,
St. Johns University
Bent Hall, Room 111C
8000 Utopia Parkway
Queens, NY
11439
United States of America
Tel: (718) 990 1345
Fax: (718) 990 5242
Email: tobingradnyc@stjohns.edu
Web: www.stjohns.edu/tobin
88 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Saint Mary’s University
The Sobey School of Business is AACSB
Accredited
As an executive or an entrepreneur you have to be
able to acquire, evaluate and act on information
faster than ever before. You must be able to think
strategically, attract resources to your ideas and
mobilize people to get desired results. You must
make order from chaos. The Sobey MBA Program will
equip you with the concepts, tools and leadership
skills needed to succeed in today’s global economy.
A state of the art teaching facility, world class faculty,
a network of high caliber classmates and a strong
connection to the local business community will
enrich your learning experience. We will assist you in
your career development and be a partner in helping
you achieve your career goals.
MBA Program Overview
The Sobey MBA program begins with an intensive
week of orientation and is capped off by a team
building retreat. This retreat helps students get
to know each other in a relaxed, yet academically
rigorous atmosphere.
If students are able to apply the knowledge they gain
in the classroom the learning is enriched. Therefore,
there are several opportunities in both years to have
hands-on experience doing projects for businesses
both large and small.
The Sobey MBA Program has an exciting array
of courses in the first year which provides a solid
academic foundation. The emphasis is on building
leadership skills as well as analytical, problem
solving and decision making skills. A combination of
company projects and a week-long case competition
are part of the first year experience.
The advanced year allows students to tailor the
program to meet their professional and career goals.
Students can focus on a specific area or gain further
breadth by taking courses from a variety of disciplines.
The advanced year also features experiential learning
involving a consulting project, which involves student
teams working with a company. The Management
Consulting stream is in collaboration with the
Canadian Association of Management Consultants
(CAMC). Students who pursue the consulting stream
qualify to pursue the CMC designation.
Career Services
We are committed to providing personalized
and comprehensive career management tools,
opportunities, resources and training to help
develop your own career management skills
and ultimately achieve your career goals. Our
innovative Professional Development Program,
and skill building seminars/workshops, coupled
with an integrated learning approach, will help you
understand and prepare for employer expectations
and hiring requirements.
We focus on helping you develop required skills to
achieve your career goals and to proactively manage
your career throughout your lifetime. We offer a
wide range of resources and tools that will help you
including: Define Your Career Goals, Build a Strong
Network, Develop Effective Job Search Tools and
Skills, Networking Events, Career Opportunities,
Extensive On-line Resources, Internships, Mentorship
Program and Personalized Career Coaching.
Fees and Scholarships
The Sobey MBA Program offers reasonable fees
while not compromising on the quality of your
education. Domestic student fees are approximately
$15,000CDN for the full 20 courses. International
student fees are approximately CDN($) 28,000 for
the full 20 courses.
You will automatically be considered for entrance
scholarships at the time of admission. To be
eligible you require a minimum GMAT score of 600.
Scholarships and bursaries are also available for
students entering their second year of study.
In order to be eligible for advanced standings,
previous courses must cover 80% of the material
and achieved B+ or higher in two courses in the
area. Those with a solid four year BComm or BBA,
with a CGPA of 3.5 or higher, may be eligible for our
accelerated program.
With a population of more than 1,300 international
students Saint Mary’s University has a distinctly
international flavour. The university boasts an
internationalized campus with students from over
106 countries. Saint Mary’s University was ranked #1
most internationalized by MacLean’s Magazine.
In addition to the admission requirements listed
above we will accept a three year undergraduate
degree with the additional time focused on work
experience; A minimum GMAT score of 550 with
minimums in each area and AWA writing score of 5.0;
We recommend candidates have at least 2 years of
full-time work experience; candidates whose mother
tongue is not English must submit with a TOEFL
(100 ibt with no band below 20), or IELTS (7.0 with
no band below 6.5). Those candidates that require
language training we offer a Master of Business
Preparatory Program. Details on the program can be
found on our website.
The Sobey MBA Program values diversity. We
encourage candidates to apply with a variety of
backgrounds. Our MBA students have a variety of
academic backgrounds; 40% are Bsc/Eng, 25% BA,
20% BBA/BComm, 10% previous Masters work and
5% from other programs. Our current MBA student
population is 40% female. 35% of our student body
is from outside of Canada. The average age of full-
time students is 27 years old with 6 years of work
experience. The Part-time average is 31 years old
with 8 years of work experience.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Joint Degree Programmes
Offered:
MBA-CMA (Certified Management
Accountants)
Specialisation by Function:
CAMC Management Consulting
Finance
General Management
Human Resource Management
Information Management
IT Management
Marketing
Specialisation by Industry:
Banking / Financial Services
Consulting
Government
Full Time Course Information
Start Dates:
September
Programme Duration:
20 months
Tuition Fee:
USD ($) 28000 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Internet Based Score
: 100
Min. IELTS : 7.0
Min. Years of Work Experience : 2
Application Fee :
USD ($) 70
Part Time Course Information
Start Dates :
January
September
Programme Duration :
40 months
Tuition Fee :
USD ($) 14000 / Total Program Cost
Executive Course Information
Start Dates:
August
Programme Duration :
24 months
Tuition Fee :
USD ($) 45,000
Contact:
Leah Ray
Managing Director, MBA Program
Saint Mary’s University
The Sobey School of Business
923 Robie Street
Halifax, Nova Scotia
B3H 3C3
Canada
Tel: 01-902-420-5002
Fax: 01-902-420-5038
Email: mba@smu.ca
Web: www.smu.ca/mba
TopMBA Career Guide Spring/Summer 2012 89
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Student Profile
The Fletcher School
Tufts University
The Fletcher School’s approach to business
education is distinct from traditional MBA programs.
As a graduate school of international affairs, we
ensure that students understand not only how
businesses operate internationally, but the entire
context in which they operate. Our ability to deliver
critical business skills, a deep knowledge of the
international environment, and specialized regional
expertise sets us apart.
Fletcher’s two-year Master of International Business
(MIB) is a unique hybrid international business -
international affairs degree. The MIB provides a solid
foundation of traditional business skills including
finance, marketing, accounting, and strategy, plus
exposure to a wide range of international issues
that impact business today. Topics such as security
risks, geopolitics, emerging markets, corporate
governance, and energy and environmental policy
give students an understanding of the entire
context in which international companies must
operate. While the core classes cover standard MBA
subjects, our exclusive focus on the international
business environment and Fletcher’s deep expertise
in international affairs distinguish the MIB from
generalist business programs.
As a part of their degree, students have the
opportunity to develop two areas of focus, one in
international business, and the other in international
affairs. By combining two unique fields, students
may develop a unique area of expertise that gives
them an edge in the marketplace. Fletcher offers
24 different focus areas, including traditional
business fields such as Strategy and Finance, as well
as more unique areas like International Trade and
Commercial Policies, International Business and
Economic Law, International Security Studies, or
Development Economics.
All students are required to complete a final project
or thesis, allowing them to tackle specialized
topics that might not be covered in depth in a
course. Recent thesis topics include: “The Market
for Microfinance in Brazil: An Industry Analysis,”
“High-Tech Innovation in Emerging Markets: The
Case of Mexico,” “Failure at the Speed of Light:
Project Escalation and De-Escalation in the Software
Industry,” and “Hedge Fund Portfolio Construction.”
Adding to this flexibility, students may also take
classes at all other Tufts graduate schools (Nutrition,
Engineering, Arts and Sciences, etc) as well as the
Harvard graduate schools (Business, Law, Education,
etc). Joint de
MIB students may participate in exchange programs
with leading global business schools such as China
Europe International Business School (Shanghai),
HEC (Paris), Instituto de Empresa (Madrid), and the
Indian School of Business (Hyderabad). Additionally,
students spend the summer between their first and
second years at internships all over the world. These
internships frequently lead to full time jobs in all
sectors and across all industries.
Our students are truly international, and our
experienced and diverse student body is a
fundamental part of student life at Fletcher. About
40% of Fletcher students hail from outside of the
United States, and they represent over 70 countries.
As all students are required to speak more than
one language, they tend to have had experiences
outside their home countries or in international
professional settings. With approximately 500
students, the student body is large enough to have
diversity and depth of interests but small enough
to foster an intimate network. This extends to our
very active alumni community of over 7,500 people
in 120 different countries who are open to helping
Fletcher students all over the world.
From engineering to law to consulting to military
service, Fletcher students have diverse professional
experiences that bring real-life learning into
the classroom. Most students come to Fletcher
with several years of professional, full-time work
experience, but the sectors and industries vary.
Most have been exposed to international issues on
a regular basis or have lived and/or worked abroad.
This is not only limited to corporate professionals but
also those who have held management and strategy
responsibilities in government, NGOS, and US and
foreign militaries.
MIB Class of 2012
Number of students: 34
Average Age: 28
Non-US Citizens: 55%
Male/Female: 55/44%
Programme Type:
Full Time MIB
Joint Degree Programmes Offered:
MIB + JD
MIB + MA
Specialisation by Function:
Corporate Governance
Economics
Finance
International Management / Business
Public Administration
Risk Management
Strategic Management
Emerging Markets
Microfinance
Social Entrepreneurship
Specialisation by Industry:
Banking / Financial Services
Consulting
Environment
Government
Non - Profit Organisation
Oil & Gas
Public Sector
Full Time Course Information
Start Dates:
September
Programme Duration:
18 months
Tuition Fee:
USD ($) 42,000 / Per Year
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Internet Based Score: 100
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 0
Application Fee :
USD ($) 70
Contact:
Kristen Zecchi, Associate Director,
Admissions and Financial Aid
The Fletcher School
Tufts University
160 Packard Avenue
Medford, MA 02155
United States of America
Tel: +1 (617) 627 3240
Fax: +1 (617) 627 3712
Email: internationalbusiness@tufts.edu
Web: fletcher.tufts.edu/business
Instructor Asad Aziz, 2011 Green and Gold
Exemplary Teaching Award winner
Bringing World-Class MBA Faculty
to You.
Make a difference in your career with an Online Professional MBA
from the top-ranked public business school in the region.
AACSB International
accredited since 1970
www.CSUOnlineMBA.com
92 TopMBA Career Guide Spring/Summer 2012
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UCLA Anderson School of Management
Celebrating 75 Years of Business Beyond Usual
Founded in the depth of the Great Depression,
UCLA Anderson School of Management now ranks
among the top-tier business schools in the world.
An award-winning faculty renowned for research
and teaching, highly selective admissions, successful
alumni and world-class facilities combine to provide
an extraordinary learning environment in the heart
of Southern California.
UCLA Anderson’s faculty comprises outstanding
educators and researchers who share their
scholarship and expertise in areas such as finance,
marketing, accounting, business economics,
decision sciences, operations and technology
management, human resources and organizational
behavior, information systems, and strategy and
policy.
Leadership themes permeate the curriculum
at UCLA Anderson. MBA students have many
opportunities to develop leadership skills in safe
surroundings. This includes working in teams on real
world management challenges through the Applied
Management Research and the Global Access
programs. There are also a multitude of leadership
experiences available through the school’s many
student associations and activities.
Academic Programs
UCLA Anderson offers both degree and non-
degree programs to meet the diverse educational
needs and professional goals of students. UCLA
Anderson’s rigorous programs offer exceptional
academic preparation, a cooperative and congenial
student culture, and access to a thriving business
community, as well as support services for scholastic
and career advancement.
t MBA
t Fully Employed MBA
t Executive MBA
t UCLA - NUS Global Executive MBA
t Doctoral Program
t Master of Financial Engineering
t Easton Technology Leadership Program
t Undergraduate Minor in Accounting
Research Centers
Specialized centers support faculty research and
sponsor courses, extracurricular activities and
conferences. They also provide varied opportunities
for continuing education and contact among
scholars, students and industry leaders.
t The UCLA Anderson Forecast provides business
leaders, government officials, and the academic
community reliable and independent economic
analysis and consulting needed to make informed
decisions today and in the future.
t The Laurence and Lori Fink Center for Finance &
Investments unites research and practice in the field
of finance - transforming fundamental knowledge
into applicable practices benefiting today’s global
economy.
t The Center for International Business Education and
Research enhances and promotes the international
components of management through research,
teaching, field studies and outreach.
t Center for Management of Enterprise in Media,
Entertainment and Sports - MEMES advances
cutting-edge practices and inspires creativity in the
management of global media, entertainment and
sports industries.
t The Harold and Pauline Price Center for
Entrepreneurial Studies fosters the study and
practice of entrepreneurship and business
innovation by providing the foundation on which
creativity can flourish and individuals can succeed.
t The Richard S. Ziman Center for Real Estate advances
thought leadership in the field of real estate by
generating influential research, educating the next
generation of leaders and providing meaningful
forums for industry professionals and policymakers.
Specialized Groups
The UCLA Anderson community organizes itself
in specialized ways that supplement the core
organizational structure:
t Behavioral Decision Making Group
t Business and Information Technologies (BIT)
t Information Systems (IS Associates)
The Parker Career Management Center
Parker Career Management Center (CMC) provides
a superb community for networking and accessing
employment opportunities. The mission of the Parker
CMC is to provide exceptional career management
services that are delivered professionally, in a timely
manner and with utmost concern for customer
satisfaction.
Executive Education
UCLA’s Executive Education programs expand
management horizons and actualize leadership
potential with programs that equip individuals to
embrace innovation and drive sustainable growth
throughout the enterprise.
UCLA Anderson Alumni Network
UCLA Anderson graduates enjoy life-long resources
and the benefits of being part of a community of
over 36,000 alumni worldwide.
Marschak Colloquium
The Marschak Colloquium provides a forum
for interaction among faculty, students, and
visitors interested in analytical methods and their
applications in the social and behavioral sciences.
The Colloquium sponsors presentations by leading
experts including faculty members from UCLA,
other University of California campuses and other
universities or research institutes.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Joint Degree Programmes
Offered:
MBA + JD, MBA + MD, MBA +
MPH (Public Health), MBA + MPP
(Public Policy), MBA + MAUP
(Urban Planning), MBA + MSCS
(Computer Science), MBA + MLAS
(Latin American Studies), MBA +
MLIS (Library & Info Science), MBA
+ DDS, MBA + MSN (Nursing)
Specialisation by Function:
Economics
Entrepreneurship
Finance
General Management
Human Resource Management
Information Management
Leadership
Manufacturing Management
Marketing
Operations Management
Organisational Behavior
Strategic Management
Technology Management
Entertainment Management
Decisions, Operations and
Technology Management,
Policy, Corporate Governance and
E-Business
Specialisation by Industry:
Banking / Financial Services
Consulting
Media & Entertainment
Pharmaceutical / Bio-Medical
Public Sector
Real Estate
Venture Capital & Private Equity
Entrepreneurship

Full Time Course Information
Start Dates:
September
Programme Duration:
24 months
Tuition Fee:
$45,385/year
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score : 220
Min. TOEFL Paper Based Score : 560
Min. IELTS : 7
Min. Years of Work Experience : 0
Application Fee :
USD ($) 200
Part Time Course Information
Start Dates :
August
Programme Duration :
33 months
Tuition Fee :
$35,799/year
Executive Course Information
Start Dates:
August
Programme Duration :
24 months
Tuition Fee :
$54,000/year
Contact:
MBA Admissions & Financial Aid
Office
UCLA Anderson School of
Management
110 Westwood Plaza
Gold Hall, Suite B201
Box 951481
Los Angeles, CA
90095
United States of America
Tel: (310) 825-6944
Fax: (310) 825-8582
Email: mba.admissions@anderson.
ucla.edu
Web: www.anderson.ucla.edu
TopMBA Career Guide Spring/Summer 2012 93
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Student Profile
Robert H. Smith School of Business,
University of Maryland
The University of Maryland’s Robert H. Smith
School is located in College Park, Maryland,
inside the Capital Beltway just a short drive
(eight miles) or metro ride from the center
of the nation’s capital, Washington, D.C.
Vibrant, ethnically diverse, and rich in culture,
the city is home to federal agencies, global
corporations, and national and international
nonprofit organizations. The region offers
excellent opportunities for experiential learning,
internships and employment. Students can take
classes at four locations: College Park, downtown
Washington, Baltimore and Rockville, Maryland.
A New Breed of Business Leaders
The Smith School’s MBA program helps to create a
new breed of business leader, one who can make
sense out of complexity, cope with uncertainty
and drive innovation, all within the new paradigm
of corporate social responsibility and social value
creation. The full-time MBA program was ranked No.
28 in the U.S. by the Financial Times in 2012. The part-
time MBA program was ranked No. 17 by U.S. News &
World Report (2011).
The Financial Times (2012) also ranked the Smith School
No. 10 in the world for research. The school is ranked
No. 2 in research in the U.S. by Bloomberg BusinessWeek
(2010), meaning that Smith MBA students benefit from
the high-quality scholarship offered at only a handful
of elite institutions.
The Smith School recognizes the need for
understanding and innovating business practices
that make both social change and profit. The school
has the distinct honor of induction into the elite
Global Business School Network (GBSN) for its efforts
to create the next generation of leaders in low-
income countries. The school also features an active
Net Impact chapter, as well as coursework and extra
curricular activities that recognize the transformative
power of business. The school’s Center for Social
Value Creation provides opportunities for business
students to discover their core values and create a
vision for change.
Your Smith Experience
Built into the MBA curriculum, “The Smith Experience”
provides students with a unique opportunity to
personally experience business at a higher level
of sophistication and also make themselves more
marketable to recruiters as they start their new
careers. Comprised of six credits, students work
directly with businesses and organizations in nearby
Washington D.C, Baltimore and partners around
the world. Students choose to work from five areas:
consulting, global experience, social value creation,
investing, and entrepreneurship. Beginning in
the spring semester of the first year, the Smith
Experience offers opportunities for customizing your
MBA experience, paving the way for your new career,
and making new connections at all levels.
Comprehensive Career Services
The Office of Career Services (OCS) provides
dedicated, professional support to help students
launch their careers. OCS links students directly to
recruiters through a variety of services, including on-
and off-campus recruitment and the online resume
database, which matches a Smith MBA to the right
industry position. A multi-million dollar interview
suite opened in fall of 2011. Encompassing over
6,000 square feet, including 19 interview rooms
and state-of-the-art teleconferencing technology,
the new suite represents the Smith School’s strong
commitment to helping its students start their
careers after graduation.
To learn more about Smith’s relevant curriculum, world-
class faculty, and current class profile, or to apply, visit
our Web site: http://www.rhsmith.umd.edu/mba
Smith’s 261 full-time MBA students have an average
GMAT score of 670 and more than five years of work
experience. The average age is 28 and 27 percent of
the students are female. Eighty-four percent of the
MBA class of 2011 was employed within 3 months
of graduation. The Smith program is international,
with 39% of students coming from outside the U.S.
representing countries from all over the world.
Programme Type:
Full-Time MBA; Part-Time MBA;
Executive MBA; MSB Accounting;
MSB Finance; MSB Information
Systems; MSB Supply Chain
Management
Joint Degree Programmes
Offered:
MBA Only
MBA + JD
MBA + MD
MBA + MPP (Masters in Public Policy)
MBA + MSW (Masters of Social Work)
MBA + MS (Master of Science in
Business)
Specialisation by Function:
Accountancy
Change & Organization
Management
E-Commerce / Business
Entrepreneurship
Finance
IT Management
Logistics
Marketing
Supply Chain Management
Technology Management
Specialisation by Industry:
Banking / Financial Services
Consulting
Government
IT / Telecommunications
Non - Profit Organisation
Pharmaceutical / Bio-Medical
Public Sector
Retail / Consumer Goods
Venture Capital & Private Equity
Full-Time Course Information
Start Dates:
August
Programme Duration:
21 months
Tuition:
Out of state USD ($) 695; in state
($) 425 per credit
Entry Requirements:
Min. GMAT Score: N/A
Min. TOEFL Computer Based
Score: 250
Min. TOEFL Paper Based Score: 600
Internet Based: 100
Min. IELTS: 7.0
Min. Years of Work Experience: 0
Application Fee:
USD ($) 75
Part-Time Course Information
Start Dates:
August
Programme Duration:
21-33 months
Tuition:
USD ($) 1355 per credit
MS Course Information
Requirements vary with program.
Tuition:
Out of state USD ($) 1695 credit; in
state ($) 1425
Start dates:
August
Programme Duration
9 to 24 months
Executive Course Information
Start Dates:
January
Programme Duration:
19 months
Tuition Fee:
USD ($) 98,500 Total Cost
Contact:
Sam Kang
Director of MBA and MS
Admissions
Robert H. Smith School of Business,
University of Maryland, Van
Munching Hall
Adelphi Road/Campus Drive
College Park, Maryland
20742 United States of America
Tel: +1 (301) 405-2559
Fax: +1 (301) 314-9862
Email: skang@rhsmith.umd.edu
Web: www.rhsmith.umd.edu
94 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Katz Graduate School of Business,
University of Pittsburgh
Since 1960, the Katz Graduate School of Business
has been recognized as a leader in business
education and research. One of the 17 founding
members of the AACSB, Katz has a world-class
faculty dedicated to cutting-edge and innovative
research and teaching. The school’s location
in the heart of the nation’s #1 most livable city
(2011 The Economist) enables Katz to establish
strong relations with corporations located in the
Pittsburgh region.
The Katz school has embraced a strategic vision
founded on the concept of experienced-based
learning. We have incorporated simulations, case
competitions, and Consulting Field Projects in our
curriculum to ensure that our MBA graduates add
immediate value to their employers when they
enter the workforce. Our strategic vision also
emphasizes value chain management, globalism,
entrepreneurship, and collaboration.
The Katz School offers a two-year MBA, a one-year
MBA, and a part-time MBA program. Students can
choose a concentration area and an optional cross-
disciplinary certificate in Technology, Innovation
and Entrepreneurship; Global Supply Chain
Management; and Organizational Leadership.
Other opportunities include a Six Sigma Green
Belt certification program, international exchange
programs, and global research practicum trips.
The School also offers six dual-degree programs
through which MBA students add specialization to
their business education. Options include:
t MBA/Juris Doctorate
t MBA/Master of International Business
t MBA/Master of Science in Engineering
t MBA/Master of Science in Management
Information Systems
t MBA/Master of Public and International Affairs
t MBA/Master of International Development
The Executive MBA program prepares graduates
to compete with the world’s top executives. The
course work focuses on vision, strategic planning,
and execution. Three international immersion
sessions (Global Executive Forums) are conducted
in North America, Europe, and South America at
the beginning, midpoint, and end of each program
of study and allow students to engage in course
work infused with a global context.
Students in all MBA programs are active and
involved in class and outside of the classroom.
Students can hone teamwork and leadership skills
in numerous clubs, including the Finance Club,
the Consulting Club, the National Association
for Women MBA, and Toastmasters. The Student
Executive Board meets regularly with school
administrators. One-year and two-year students
are grouped into Multi-cultural Learning Teams and
exposed to experience-based learning activities
from the beginning of their MBA career. Students
are also encouraged to participate in community
service events, including sustainability projects
and special events to raise awareness of important
community issues. Throughout the year, several
prominent business leaders and alumni speak to
and meet with students to provide additional advice
and preparation for business careers. Katz students
also are recognized as leaders in the community as
they participate in charitable events that benefit
organizations such as the Greater Pittsburgh Blood
Bank, The Pittsburgh Women’s Shelter, Big Brothers
and Big Sisters, Project Bundle Up and Reflections
of Grace. Our students are engaged, caring and
committed as our MBA programs recognize that
being a business leader requires a variety of skills
that are an integral part of our business education.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Joint Degree Programmes
Offered:
MBA/Juris Doctorate
MBA/Master of International
Business
MBA/Master of Science in
Engineering
MBA/Master of Science in
Management Information
Systems
MBA/Master of Public and
International Affairs
MBA/Master of International
Development
Specialisation by Function:
Accountancy
Entrepreneurship
Finance
Human Resource Management
Information Management
International Management /
Business
IT Management
Marketing
Operations Management
Organisational Behavior
Strategic Management
Supply Chain Management
Specialisation by Industry:
Banking / Financial Services
Consulting
Environment
IT / Telecommunications
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
August
Programme Duration:
20 months
Full-time Tuition Fee:
USD($) 56,196 /Total Program Cost
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score
: 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 0
Application Fee :
USD ($) 50
Part Time Course Information
Start Dates :
January, April, August
Programme Duration :
36 months
Part-time Tuition Fee:
USD($) 1,608 / Per Credit
Executive Course Information
Start Dates:
January, March, April
Programme Duration :
18 months
Tuition Fee :
USD ($) 65,000 / Total Program Cost
Contact:
Cliff McCormick
Director, Office of MBA Admissions
Joseph M. Katz Graduate School
of Business
University of Pittsbugh
301 Mervis Hall
Roberto Clemente Drive
Pittsburgh, Pennsylvania
15260
United States of America
Tel: +01(412) 648 1700
Fax: +01(412) 648 1659
Email: mba@katz.pitt.edu
Web: http://www.business.pitt.
edu/katz/
TopMBA Career Guide Spring/Summer 2012 95
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Student Profile
The Darla Moore School of Business
The world is not flat. It’s multipolar, with many
centers of economic and political power coexisting
and influencing one another. At the Moore School,
that global perspective permeates everything we do.
We prepare our students to adapt to an increasingly
interconnected business world, giving them an
in-depth, contextual understanding of business
cultures beyond anything they’ve yet experienced
in their careers.
A few of its recent achievements and awards are
listed below.
t #1 public university MBA program for international
business and #2 among all institutions in that
specialty. U.S. News & World Report
t Ranked #2 for best international experience
among the world’s top 100 business schools.
Financial Times, 2011
t Among the top 15 business schools identified by
graduate students for its excellence in operations
education. The Princeton Review, 2011
t Ranked #30 in the Aspen Institute’s list of top 50
schools that best prepare future leaders for the
environmental, social and ethical complexities of
modern business. The Aspen Institute, 2011
The International Master of Business
Administration (IMBA)
The IMBA program at the Moore School is a
comprehensive MBA with a strong global focus.
It provides its graduates with expertise in global
management and the international dimensions of
business, supported by foreign language training
and internship opportunities across the globe.
As a result, graduates of the program master the
economic, cultural and strategic factors that drive
success in organizations around the world, ensuring
that they think and act globally – no matter where
their future may lead them.
IMBA students are immersed in rigorous, experiential,
and globally focused business training, challenging
them to experience first-hand the cultural aspects
and context of doing business in an international
setting. Intensive, strategic, and international, every
student takes the following path as they take part in
the IMBA program:
t Core International Business Curriculum: Fast paced,
intensive, and team oriented the Core has a strong
emphasis on global issues associated with each
functional area.
t Track Option (choose one)
t Global Track: A series of Global Business Topics
curses focusing on various global economic
regions (i.e. China, Africa, and Latin America)
combined with a two-week business immersion
trip.
t Language Track: A four-month, in-country,
intensive language training program. Languages
offered are Spanish, French, German, Italian,
Portuguese, Chinese, Japanese, and Arabic.
t Global Internship: Required 12-18 week global
internship which provides the opportunity to add
value to an organization as students expand on
their global business experience.
t Areas of Focus: Selection of a variety of electives
and region-specific courses, allowing students to
customize an individual program of study in areas
such as Finance, Supply Chain and Operations
Management, Global Management, Economic
Development, among others.
t Exchange Program (Optional): One semester
exchange in one of 20 international partner
institutions located in 15 different countries (i.e.
Mexico, China, Singapore).
Be bold, be fluent, be strategic, be global
We expect our students to understand and master
the environment in which global organizations
operate, and we achieve this through a unique and
comprehensive internationalized program. Driven,
focused, and globally minded; these are the traits
that define tomorrow’s business leaders, and the
ones we seek in our IMBA graduates.
Andy Allen is a former Peace Corps
volunteer and 2009 graduate of
the Moore School’s top-ranked
International Master of Business
Administration (IMBA) program.
“As a volunteer in Morocco I witnessed the impact of
economic and business development on community
growth, stability and opportunity. I wanted a graduate
program with an integral international focus where
I could increase my knowledge of hard business
skills. The International MBA program at the Moore
School was a perfect match and provided me with
the necessary cross-cultural skills and experiences to
launch a career in international relations at the U.S.
Department of State. I was able to focus my studies on
French and economic issues in Africa which led to my
current position in Madagascar.”
Andy Allen, IMBA
Political/Economic Officer, U.S. Embassy
Antananarivo, Madagascar
Darla Moore School of Business,
University of South Carolina
Program Type
Full Time International MBA (IMBA)
Joint Degree Programs Offered:
International MBA + JD
Specialization by Function:
Global Management
Marketing
Finance
Supply Chain Management
Organizational Behavior
Risk Management
Entrepreneurship
Economics
Accountancy
International Business
Human Resource Management
Strategic Management
Project Management
Full Time International MBA
Start Date:
Early July (Orientation, Late June)
Program Duration:
Global Track: 22 months
Language Track (A): 22 months
Spanish
French
Italian
German
Portuguese
Language Track (B): 36 months
Chinese
Japanese
Arabic
Total Credit Hours:
68
Tuition Fee (Total Program Fee)
South Carolina Resident:
USD($)41,480
Non-Resident:
USD($)68,805
Entry Requirements:
Min. TOEFL Internet Based Score: 100
Min. IELTS : 7.0
Min. Years of Work Experience: 2
Website:
moore.sc.edu/imba.aspx
Additional Programs Offered
Master of International Business (MIB)
Master of Human Resources (MHR)
Master of Accountancy (MACC)
Master of Arts in Economics
(MAEcon)
Executive International MBA
(EIMBA)
Professional MBA (Part Time)
Website:
moore.sc.edu/masters.aspx
Contact:
Darla Moore School of Business,
University of South Carolina
Graduate Division
1705 College Street
Columbia, SC 29208
United States of America
Tel: +1 011 803 777 4346
Fax: 1 011 803 777 xxxx
Email: gradinfo@moore.sc.edu
Web: moore.sc.edu
96 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Schulich School of Business
York University
In today’s business environment, an MBA from
the Schulich School of Business, Canada’s Global
Business School™, is your passport to the world.
Recognized for its global reach, innovative programs
and diverse perspectives on management and
leadership, Schulich has built a strong reputation
across borders and industries.
The Schulich MBA is ranked in the world’s top tier of
best business schools by The Economist – Economist
Intelligence Unit (1st in Canada, 9th in the world);
Forbes (1st in Canada, 10th best non-US school);
The Aspen Institute, a US think tank (2nd in the
world in Social and Environmental Stewardship); and
Expansión (18th in the world) in their most recent
global surveys. The Schulich MBA is also ranked
#1 in Canada by the Economist, Forbes, the Aspen
Institute and Expansión.
Few schools in the world can match Schulich’s
track record in terms of creating innovative and
relevant programs. Schulich pioneered Canada’s
first International MBA (IMBA) program, as well as
North America’s first cross-border executive MBA,
the Kellogg-Schulich EMBA. Schulich offers a broad
range of Master’s-level programs, including the new
Master of Finance. 19 different specialized areas
of study allow you to focus on business functions,
industry sectors and special topics such as business
and sustainability. These specializations will give
you a competitive advantage when it comes to
managing your career.
Flexibility in the program structure another point
of difference. You can start a fulltime program in
September or January and finish in only 16 months.
If you qualify for the accelerated MBA program, you
can shorten your length of study to only 8 months.
Part-time study options include evening or weekend
programs.
Located in Toronto, the financial and cultural centre
of Canada, and one of the world’s great multicultural
cities, gives Schulich access to head offices of many
organizations and has allowed the school to build
strong linkages to the corporate community. A
number of the country’s leading executives, together
with leading executives from all over the world, act as
advisors on Schulich’s boards, teach in its classrooms,
and provide guidance and counsel to students.
“Our mission here at Schulich is clear and
compelling: to graduate men and women who will
become business leaders of the highest caliber, and
to prepare them to succeed in a constantly changing
world. If you seek a highly rewarding and stimulating
MBA or IMBA program, in a learning environment
that is truly international, then I invite you to come
to Canada’s Global Business School™ – The Schulich
School of Business.” – Dean Dezsö J. Horváth
At Schulich, you will join a select group of peers with
diverse backgrounds and proven leadership ability.
Bright, accomplished and ambitious, your classmates
will bring real world experience and insight into the
classroom.
Upon graduation, you’ll join a highly accomplished
family of more than 23,000 alumni who have attained
the highest level of personal and professional success.
Over 80 Schulich alumni chapters thrive around the
world and provide our students with mentorship,
career advice and business contacts.
“Schulich has profoundly
broadened my thinking,
increased my international
perspective and shaped my
career.” Prafulla Metapart,
IMBA ‘07 Vice President, JP
Morgan, Hong Kong.
“My experience at Schulich has
been tremendous. I applied
theories learned in class to
real, live, client situations. My
exchange experience in the
Philippines exposed me to a
new and exciting culture, which
helped me to develop invaluable skills. This adds up
to a dynamic fast-paced experience that deepens the
learning process at Schulich.” Matt Wolodarsky MBA
‘06, Senior Consultant, Cap Gemini Canada.
Program Type:
Full Time MBA
Part Time MBA
Executive MBA
International MBA
Master of Public Administration
Master of Finance
MSc Business Analysis
Joint Degree Programs Offered:
MBA/JD
MBA/MFA
MBA/MA
Specialisation by Function:
Accountancy
Brand Management
Corporate Governance
Economics
Entrepreneurship
Finance
General Management
Global Mining Management
Health Industry Management
International Management /
Business
IT Management
Marketing
Operations Management and
Information Systems
Organisational Behavior
Public Administration
Strategic Management
Supply Chain Management
Sustainability
Specialisation by Industry:
Arts and Media
Banking / Financial Services
Business and Sustainability
Consulting
Government
Media & Entertainment
Non - Profit Organisation
Public Sector
Real Estate
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
January, September
Program Duration:
16 - 20 months
Tuition Fee:
USD ($) 55,600 / Total Program
Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score : 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 2
Application Fee :
USD ($) 150
Part Time Course Information
Start Dates :
January, May, September
Program Duration :
40 months
Tuition Fee :
USD ($) 55,600 / Total Program
Cost
Executive Course Information
Start Dates:
January
Program Duration :
18 months
Tuition Fee :
USD ($) 110,600 / Total Program
Cost
Contact:
Graduate Admissions
York University
Schulich School of Business
4700 Keele Street
Toronto, Ontario
M3J 1P3
Canada
Tel: 01 (416) 736-5060
Fax: 01 (416) 650-8174
Email: admissions@schulich.yorku.ca
Web: http://www.schulich.yorku.ca/
2011 CareerBuilder, LLC. All rights researved.
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The European
international MBA
experience
Western Europe’s MBA profile is strong in prestige and
prominence among both students and employers. Kin Ly
explores the factors that make Western Europe one of the
most popular MBA study destinations
W
estern Europe’s MBA reputation has
evolved since the late 50s when the
qualification was first introduced to the conti-
nent. Now with a wealth of Western European
business schools topping various MBA rank-
ings and ratings, the region is one of the most
sought after MBA destinations among students
and MBA headhunters alike.
Climbing to the top
Over 2,000 organizations that are actively
hiring MBAs took part in the QS Global 200
Business Schools Report and voted 14 Euro-
pean business schools as the region’s top-tiered
schools. This places Europe slightly behind the
perennially popular study destination of the
US, the birthplace of business schools and the
MBA qualification.
Schools in Europe also take up many of the
top spots in QS’ employer ratings of 10 of the
most popular MBA specializations, compet-
ing fiercely with their cross-Atlantic peers.
Undoubtedly, the region is in good stead to
compete with the US for the most talented
MBA applicants. Over 4,500 aspiring MBAs
who responded to the latest
TopMBA.com Applicant Survey, voted six
European countries, the UK, France, Spain,
Germany, Switzerland and Italy respectively
among the top 10 MBA study destinations.
While the US remained in first place, there has
been a slight drop in the number of applicants
choosing the US as their preferred study desti-
nation, suggesting a shift from North America
to Western Europe.
The gift of diversity
The region’s cultural diversity is a huge
appeal for prospective business management
students and MBA emplouers. Western Eu-
rope has a long history of immigration and
a wealth of diversity in culture, language and
economic systems that few regions can claim.
In a globalized business world, multi-national
organizations are increasingly turning to
Europe to appoint the next generation of
business leaders who have been educated in a
diverse environment.
Studying in an international environment
is an integral part of many Western European
MBA programs. Javier Muñoz, MBA career
services director at IESE Business School in
Spain says this is one of the most attractive
aspects of studying in the region.
He explains that this combined with the
use of case study methods, whereby students
analyze research-based business cases and the
Cultural
diversity is a
huge appeal
for prospective
business
management
students
and MBA
headhunters
real-life challenges that international businesses
face, “helps students gain and hone their inter-
national management skills.”
Many students choose to study in Western
Europe for this reason. Eric King, originally
from the US decided to take an MBA at
ESADE Business School in Spain because of
the diverse learning environment.
“Nearly every company interacts interna-
tionally in the new ‘flat’ world, and I wanted to
get a more international worldview than the
typical US school could offer,” he says.
Similarly, Kelly Longfield from the US
chose Cass Business School in the UK for
the international MBA experience: “The US
is huge and our associations are more with
Canada and South America, so in many ways
it’s insulated. Here there is more access to Eu-
rope, the old world and emerging markets.”
Indeed, studying in Western Europe can
open up a wealth of opportunities to join
international companies further afield. Muñoz
has witnessed this in the placement of IESE
MBA graudates: “We work closely with com-
panies from all over the world and have a very
international placement. A high percentage
of students have found jobs abroad – 37% in
other European countries, 11% in Asia, and
12% in Latin America,” he says.
Getting a job after graduation
While studying in Europe can be extremely
attractive to multinational organizations
seeking MBAs, it also opens the doors to op-
portunities within Europe.
Despite continuing economic uncertainty
and hiring restraint within the European
finance sector, the demand for talented MBAs
in 2011 was strong. The UK and Germany in
particular experienced large increases of 34%
and 28% respectively in job opportunities for
MBAs, the latest TopMBA.com Jobs and Sal-
ary Trends Report found.
Margarita Alonso, director of alumni and
careers at IE Business School in Spain says
MBAs must increase their mobility through
improving their language skills in order to
raise the chances of finding the ideal job
after graduation.
“Mobility is necessary to pursue an inter-
national career and one of the most important
skills for mobility is language proficiency. It
is naïve to think that although English is the
business language, that it is the only language
of business, and that one can work in a multi-
national organization in Spain or France with-
out speaking a word of Spanish or French.”
She adds that in order to be success-
ful in the job hunt, graduates must become:
“Marketers of themselves and embrace the
job search as an important part of pursuing
an MBA. Students should become actively
engaged with the school’s career management
team to learn about all of the resources avail-
able to graduating students, such as recruiting
events, assistance with creating an effective
resume and networking opportunities.”
Europe’s MBA admissions process
With many aspiring business leaders wanting
to gain their qualification in Western Eu-
rope, competition for admission to the best
schools in the region can be tough. Alonso
says taking an internship could help.
“Internships before and during a
European-based MBA program are useful
for several reasons. Not only do they get
students into the workplace, which will
improve their business language in a specific
region, but they also provide geographic
experience with a better understanding of
cultural differences. It is a way to reduce
the culture shock that might come from an
MBA outside one’s own country.”
Muñoz of IESE says a good way to stand
out among the thousands of applicants is to
bring their “own culture with them.”
Applicants who are bilingual and can
demonstrate that they can speak the lan-
guage of the country they wish to study in,
or willing to learn, would see benefits says
Tony Somers, career management center
director at HEC Paris.
“English is the only language required for
doing an MBA at HEC, but it is advanta-
geous for participants to have a basic under-
standing of the French language and culture
before they arrive. “
While there are MBA student services
to help with residency, insurance and daily
issues, it is advisable that students enrol on
a language course. “A knowledge of the
language will not only help participants to
get a job in France, for example but also al-
lows them to make the most of the different
options available within the course such as
electives taught in French by top professors,”
says Somers.
For further information
For further tips on the business school
admission process from experts in the field,
please see pages 68 to 69.
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lthough relatively young, with around
20-years of operational experience at
best, business schools in Central and Eastern
Europe (CEE) are rapidly realizing the
importance of attracting executive talent
from abroad in order to promote economic
growth in the region.
Even though the reputation and fame
of business schools in the CEE region
are far from the notoriety of their North
American and Western European competi-
tors, the internationalization strategy em-
ployed is a work-in-progress that is already
showing results.
Around 200 business schools operate in
the region of varying quality. The latest QS
Global 200 Business Schools Report for
Europe features six CEE business schools,
of which two are Greek institutions: ALBA
Graduate Business School and Athens
University of Economics and Business, two
Hungarian: Corvinus School of Manage-
ment and CEU Business School, one Polish:
the Warsaw University of Technology
(WUT) Business School, and one Cypriot
institution: The University of Cyprus.
“For many decades, CEE countries were
not present on the international markets or
in the area of the management education,
but now they are in the process of regain-
ing their position in the global economy,”
says Professor Witold Orłowski, director of
WUT Business School.
Competitive cost attracts international
students
The growing interest among international
students in MBA programs in CEE is also
explained by the competitive cost of pro-
grams in the region.
“Today, as they [business schools] join
the global game, they benefit from a big
competitive advantage. In short, the best
MBA programs offered in the CEE coun-
tries are of as good a quality as in the well-
established educational centers in Western
Europe while being significantly cheaper,”
Orłowski claims.
Peter Moricz, managing director at Cor-
vinus School of Management says the tough
economic situation experienced by the EU
countries makes their MBA programs even
more exciting.
“How to deal with rapid changes, or
with culturally and politically embedded
issues? It is easy to ‘touch’ these issues in
the CEE region now. I don’t think that the
region would become less attractive during
the next years,” he says.
“Obviously, as the business schools in
CEE have at best 20 years of operational
experience, they still do not have a reputa-
tion comparable with well-established
schools in Western Europe. This is the big-
gest disadvantage of MBA programs in the
region. However, this disadvantage is start-
ing to disappear slowly,” says Orłowski.
Greece: MBA learning in the midst of
financial crisis
There is no doubt that Greece has cap-
tured the attention of the world in a very
negative and ‘depressing’ way recently. “To
international students with little familiarity
with Greece, the country is not a top-of-
mind choice for an MBA [applicant],” says
Nikolaos Mylonopoulos, associate professor
of information systems and associate dean at
ALBA Graduate Business School.
“However, students from the broader
regions (Africa, Middle East, Eastern
Europe, and Central Asia) are in a better
position to filter the images dominating
the global media and put things in a more
realistic perspective,” explains the associate
dean at ALBA.
“The region and Greece in particular, is
packed with world class talent in the cutting
edge of science and technology. Entrepre-
neurship is flourishing in a very dynamic
way. There is genuine global ambition, not
only in the primary sector, but also in high-
end technology such as new materials and
microelectronics,” he adds.
ALBA, which holds 34th place in
Europe in the QS Global 200 Business
Schools Report, is attracting international
students via two different channels. Besides
direct applicants to the programs, the other
channel relies on a wide range of corpo-
rate partnerships that the school builds and
maintains in Greece and the region.
CEE business schools
compete for
international MBAs
Internationalization of Central and Eastern Europe (CEE)
business schools is a work-in-progress. Alina Pahoncia
looks at the progress CEE schools have made in attracting
overseas students
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Internationalization in Greece
If you want to go global, the key word is
‘internationalization’. The international
MBA at Athens University of Economics
and Business (AUEB) attracts students from
more than 20 countries. Approximately 50%
of the full-time class consists of non-Greek
students, while many of the Greek students
have lived, worked and studied abroad.
The school has been developing a tailored
approach, including a flexible study system,
a personal skills development program con-
centrating on each individual, one-to-one
coaching in the career office and ‘company
days’ with global corporate leaders.
“Periods of crisis are when conditions
and foundations for future opportunities are
created. By studying [in Greece], interna-
tional students are given the unique oppor-
tunity to study [an economic] crisis, within
a crisis,” says Professor Gregory Prastacos,
rector at AUEB.
“In times of constant changes and
global turning points, practical educa-
tion on relevant issues is a necessity. MBA
candidates are well aware of the need for
mindset change, and for that reason they are
interested in programs that can offer this,”
he adds.
Gaining value in stringent
economic times
Considering that much of the world
including CEE is facing an employment
crisis, the value of an MBA has increased.
Companies have become more aware of
the importance of finding employees who
are flexible and can add immediate value
to an organization.
“Employers tell us that this ‘readiness’
is one of the key characteristics that our
graduates offer. In 2010, 95% of our gradu-
ates were employed within two months
after graduation,” adds the rector of AUEB,
which is placed 24th in Europe according
to QS’ MBA rating.
Diversifying the program is another way
to compete with the big league of interna-
tional schools.
“We have extensively revamped our
MBA programs and introduced a new
executive MBA as well as two new Masters
programs: the MSc in international business
and management, and the MSc in inter-
national shipping and finance,” explains
Mylonopoulos from ALBA.
Keeping the pace with the latest trends
in the business world
Another strategy is to think small in terms
of classes. “We work with relatively small
groups, instead of having 40 to 70 students
in a class, we decided to limit the size to
25 students on the executive MBA and 30
on the full-time MBA,” says Peter Moricz,
managing director at Corvinus School
of Management, rated 23rd in Europe by
MBA employers in QS’ rating.
“We have around 50 new students a
year, half of which are international… In
the full-time MBA there are more students
from the Middle East and from North and
South America,” he adds.
For business schools, keeping the pace
with the latest trends in the business world
is highly important in maintaining a good
reputation among future applicants and
graduate employers.
“We are constantly developing our cur-
riculum, enhancing topics like corporate
sustainability, new approaches to leadership,
managerial challenges of information and
communication technologies, communica-
tion and negotiation skills,” Moricz adds.
Climbing up the ratings
CEU Business School is rated as the most
popular business school in CEE among
international and regional employers. It
features in 13th position in Europe in the
QS rating, and has climbed up nine places
in the past year.
Maria Findrik, professor of economics
at CEU Business School, says the school’s
strengths are down to its focuses on glo-
balization, innovation, entrepreneurship in
a multicultural environment, combining
academia with best practices while offering
great exchange opportunities.
International partnerships add exper-
tise to local curriculum
WUT in Poland was placed 23rd last year
and has moved up eight places to 15th
in 2012.
Professor Orłowski at WUT says the
percentage of foreign students rose due to
the high rating of the school and as a result
of receiving the EFMD Programme Ac-
creditation System, (EPAS) in 2006.
“In the full-time program, around half of
the class are foreigners from all around the
world,” explains Orłowski. WUT Business
School has a partnership with three foreign
institutions: HEC Paris, London Business
School and NHH – Norwegian School of
Economics and Business Administration.
“Without the continuous commitment
of our foreign partners it would not be pos-
sible to create internationally recognizable
MBA programs,” says Orłowski.
By studying in Greece,
students are given the unique
opportunity to study an economic
crisis, within a crisis
102 TopMBA Career Guide Spring/Summer 2012
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Aberdeen Business School
Aberdeen Business School is one of the leading
providers of management and professional education
in Scotland, and is nationally and internationally
recognised for its corporate and management
education. The MBA and eMBA courses are accredited
by AMBA the official MBA industry body, and are of
direct relevance to the real world of business as well
as meeting the highest international standards.
The School offers a range of scholarships to assist
outstanding candidates in MBA courses.
We know that every MBA student is making a strong
commitment to his or her course. That is why we
strive to offer one of the best MBA courses in the UK.
Our philosophy on the MBA is that the courses are
designed to equip students with a comprehensive
set of skills and capabilities, combined with a higher
level of reflective thinking, which will remain with
them throughout their career. More and more
students are choosing to study for an MBA at the
Aberdeen Business School and they consistently list
reasons for doing so:
t Study at a global AMBA accredited business school
t We are the top modern University and ranked 2nd
for graduate employment in the UK (the Times
Good University Guide 2010)
t English language support for international
students
t One-to-one mentoring and career guidance
t Study in small classes with students from diverse
backgrounds
t Learn through integrative teaching methods on
our state-of-the art campus based in Aberdeen
t Learn how to apply the course to your business
t Development of employability skills through
skills workshops, company visits and personal
development activity
t We have a Global top 50 ranking with the Aspen
Institute and are listed in the Financial Times and
Business Week rankings.
Our MBA programmes have international and
enterprise focuses as key components and specialist
routes. The programmes are available in a range
of study modes. We currently offer MBA and MBA
Oil and Gas Management courses and they can be
studied full-time, part-time and distance-learning.
Our MBA programmes follow a progression from Core
Management modules through specialist Elective
Modules and thereafter to a Strategic Management
module. The Core Management modules provide
an underpinning to all essential functional decision-
making skills required by a general manager and
introduces aspects of strategic analysis and thinking.
The electives allow students to specialise in areas
that match their individual interests and career
aspirations. The Strategic Management module,
a major element of the programme, develops a
comprehensive understanding of the Strategic
Management process, equipping participants with
the skills and confidence to operate at Board and
CEO level. The programmes are completed with
the submission of a consultancy project in which
theory and experience are brought together to
analyse and resolve real and complex organisational
problems. Full time students have the opportunity
to undertake a placement as part of the consultancy
project; further ensuring the business relevance of
their work.
All students must have at least three-year relevant
work experience to be considered for our MBAs. This
makes students for informed discussion and strong
networking opportunities during their studies. The
typical role profiles of students prior to beginning
our MBAs are as follows:
Average Experience
Average
Experience Full-time Part-time Online
3-9 years 29% 52% 20%
10-14 years 46% 36% 31%
15-19 years 17% 4% 26%
20+ years 8% 8% 33%
Age Profile
Age Profile Full-time Part-time Online
Age Range 27-43 27-47 27-65
Country of Origin
Country of
Origin Full-time Part-time Online
Africa 35 8 28
Asia 8 20 9
Europe 16 12 8
Middle East 6 4 7
North America 9 4 9
Oceana 0 4 5
South America 5 8 3
UK 21 49 30
Position Held
Senior Management Positions 27%
Middle Management Positions 39%
Technical Positions 27%
Other Positions 7%
Student Experience
“The MBA program has been a quite challenging
track where we have developed strategic thinking
and problem-solving skills to take decisions in a
highly integrated and highly complex environment.”
Femando Chirions, Full-time, Venezuela.
“With a previous technical degree in Chemical
Engineering, the course has adequately prepared me
for a greater responsibility in energy sector, which is
where I currently work.”
Adewale Adeniyi, Online Learning, Netherlands.
Programme Type:
Full Time MBA
Part Time MBA
Distance Learning MBA
Specialisation by Function:
Change Management
Entrepreneurship
Finance
General Management
Human Resource Management
Information Management
International Management /
Business
Leadership
Marketing
Operations Management
Project Management
Purchasing Management
Strategic Management
Supply Chain Management
Specialisation by Industry:
Oil & Gas
Full Time Course Information
Start Dates:
September
Programme Duration:
13 months
Tuition Fee:
GBP £15,850 Total Programme Cost
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score
: 230
Min. TOEFL Paper Based Score : 570
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Application Fee :
GBP (£) 0
Part Time Course Information
Start Dates :
January, September
Programme Duration :
33 months
Tuition Fee :
GBP £12,000 Total Programme Cost
Distance Course Information
Start Dates :
January, September
Programme Duration :
32 months
Tuition Fee :
GBP £12,000 Total Programme Cost
Contact:
Allan Scott, MBA Director
Aberdeen Business School
Robert Gordon University
Garthdee Road
Aberdeen, Scotland
AB10 7QE
United Kingdom
Tel: +44(0)1224 263428
Fax: +44 (0)1224 263838
Email: a.scott@rgu.ac.uk
Web: www.rgu.ac.uk/abs
TopMBA Career Guide Spring/Summer 2012 103
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Ashridge Business School
Ashridge combines the best of a business school
with an innovative organisational consultancy.
Ashridge faculty work with thousands of executives
from over 800 clients across the globe each year to
develop leadership potential at the highest level.
Ashridge Business School is ranked as one of the
top two schools in the UK for executive education
(Financial Times 2011) and in the UK top ten for MBA
programmes (The Financial Times EMBA ranking and
The Economist Which? MBA 2010). It remains one of
the few business schools worldwide to boast triple
accreditation from AMBA, EQUIS and AACSB, which
guarantees quality and global recognition.
One of the world’s most stunning campuses,
Ashridge is only 30 minutes from London.
Ashridge offers two MBA programmes: a one-year
Full Time MBA, and a two-year Part Time Executive
MBA, which begin in September. Both take an
integrated view of business, rather than teaching
functional subjects in isolation, and provide
thorough grounding in all the disciplines required to
lead a business.
Learning goes beyond theory by giving participants
the opportunity to put their learning into practice
via a ‘live’ consulting project. Participants work with
a client organisation to deliver a major strategic
consulting assignment. The international study
week is designed to consolidate learning by giving
participants direct experience of the complex issues
faced by businesses in an emerging market.
Delivery is highly personalised,
which optimises individual attention
and an interactive learning style.
Ashridge MBA students have rich,
global professional backgrounds,
which makes it one of the most
experienced cohorts in the world.
Our faculty comprise business
professionals, consultants and
researchers who bring in-depth
industry experience and latest
management thinking to the
learning process.
Before the start of the MBA, we work with participants
to clarify career aspirations. Ashridge Career Support
provides a tailored service to participants wanting
to develop within their existing organisation, or to
transform their careers.
MBA participants have 24-hour access to the onsite
library and Virtual Ashridge learning resource, which
provide physical and remote access to a vast range
of learning materials and several leading online
databases.
Outside the classroom, MBA participants can use the
Lifestyle Centre, which boasts a fully equipped gym,
swimming pool, jacuzzi, steam room and squash
courts. In the Ashridge grounds, there are tennis
courts, cricket and football pitches, and a golf course.
For meals and refreshments, Ashridge has a sociable
bar and award-winning dining facilities.
Grace Yang
Vice President (Investment
Banking Audit)
JP Morgan
Why did you choose the
Ashridge MBA?
Having worked for a number
of multi-national companies in
China, I was keen to find a new role oversees. I had
offers from several UK business schools but chose
Ashridge for its smaller class sizes with more mature
participants; the fact that Ashridge consistently
ranks highly in publications like The Economist
and Financial Times; and because Ashridge faculty
actually work in industry, which makes the MBA very
practical.
Did you have any reservations before starting?
I had to resign from a job which I loved and move to a
new country. But my main concern was cost. An MBA
is a significant investment, but I was positive about
the future employment opportunities it would bring.
What did you learn?
It’s an intense experience – well structured, with an
emphasis on leadership, strategy and CSR. I learnt
how to solve conflicts and find solutions within
tight time constraints in an international context.
Constantly presenting to the group was very good
for me and I’ve gained a huge amount of confidence
in my ability to present and interact with others.
What were the highlights?
My fellow classmates came from a wide range of
countries. Networking with fellow alumni is great for
career enhancement. My MBA consultancy project
was also a highlight. Supported by my Ashridge tutor,
I carried out strategic research for a top insurance
broker. Working directly with the Deputy Chairman
I reviewed their international strategy and identified
opportunities with Chinese energy companies. They
implemented many of my recommendations.
How has your career changed post MBA?
Ashridge has an excellent track record of promoting
its MBA alumni and I walked straight into a very well
paid risk management job with Standard Chartered
in Hong Kong. I don’t have a finance background
but the Ashridge MBA gave me the confidence and
skillset to change function and sector. A couple of
years later I moved to the UK to work at JP Morgan;
a dream role for me as it involves leading a team on
a variety of projects, interacting with senior people
across Europe, Africa, the Middle East and Asia.
Without the MBA I would never have such a high
level job. I recovered the cost of my MBA ages ago.
It was an excellent investment and an unforgettable
experience.
Programme Type:
Full Time MBA
Executive MBA
Specialisation by Function:
Change Management
Corporate Governance
International Management / Business
Leadership
Strategic Management
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
GBP (£) 32500 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score : 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 3
Application Fee :
GBP (£) 0
Executive Course Information
Start Dates:
September
Programme Duration :
24 months
Tuition Fee :
GBP (£) 32500 / Total Program Cost
Contact:
MBA Admissions
Ashridge Business School
Berkhamsted, Hertfordshire
HP4 1NS
United Kingdom
Tel: +44 (0) 1442 841061
Email: mba@ashridge.org.uk
104 TopMBA Career Guide Spring/Summer 2012
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Student Profile
AUDENCIA Nantes School of Management
A strong commitment to Global Responsibility
Founded in 1900, Audencia is one of the few
business schools worldwide holding the three major
accreditations (AACSB, EQUIS, AMBA).
In 2004, Audencia became the first school of
management in France to sign the United Nations
Global Compact and embrace its 10 universal
principles of human rights, labour standards and the
environment.
Audencia has committed itself to promoting these
10 principles and integrates these principles into its
research, teachings and internal management while
reporting annually on its aims and related measures
taken.
AUDENCIA FULL-TIME MBA...
Develop yourself, develop International Business
Over the past years, the Full-time MBA has
consistently been ranked amongst the top MBAs
worldwide (e.g. The Economist, Beyond Grey
Pinstripes, Expansion).
With an original focus on business development and
a year long programme to enhance management
skills, Audencia guarantees a well rounded MBA to
professionals coming from diverse horizons and
looking forward to learning in a truly international
environment.
AUDENCIA EXECUTIVE MBA...
Choose excellence to Develop your career
As one of the world’s leading research institutions,
academic excellence is always a top priority at
Audencia. Our Executive MBA faculty are chosen
for their expertise in teaching experienced
professionals.
Participants spend a demanding 18 months honing
these management skills through individual course
work, group case studies, a strategic project and
international residencies. The programme intake is
intentionally kept to a compact size so as to foster a
strong group dynamic and allow a high-quality and
personal service for each participant.
Life in Nantes, France
The city of Nantes is a privileged setting for studying
and enjoying the French way of life. Students define
it as a vibrant cultural city with a human size, only
2 hours from Paris and close from the Atlantic coast
line.
Time magazine ranked Nantes n°1 in Europe for its
quality of life.
FULL-TIME MBA PARTICIPANT PROFILE
Class size: 30
Average age: 32
Average work experience: 8 years
Audencia MBA students are a reflection of the
multicultural and diverse workplace as more than
75% of students come from outside France to study
in English in Nantes.
Prior to joining the MBA, the majority of students
have an engineering or scientific background, but
profiles from diverse fields are also well represented.
Sandra, Colombia, Senior
Consultant, Deloitte (class of
2011)
“During the MBA at Audencia, I
experienced intercultural team work
and I could build a good international network. It
was a great opportunity to share knowledge and
improve my skills using best practices from different
countries. To continue rising in the organisation, I
felt I needed to study an MBA to contribute to the
improvement of consulting practices in my country,
but also for the development of projects for current
and prospective clients. The MBA developed my
leadership skills and comprehensive understanding
of business management. “
EXECUTIVE MBA PARTICIPANT PROFILE
Class size: 25
Average age: 38
Average work experience: 15 years
Audencia Executive MBA is designed for high
potential mid-career managers and experienced
company directors to reinforce managerial and
leadership skills.
Jean-Eric, Executive MBA 2010,
President, SERTA
“Audencia Executive MBA gave
me a real vision of the complexity
of management. The intensive
exchanges we had between participants from
different academic and professional backgrounds
were also very fulfilling. It was a tremendous impulse
to lead my company more successfully.”
Programme Type:
Full Time MBA
Distance Learning MBA
Executive MBA
Specialisation by Function:
Entrepreneurship
Finance
Leadership
Marketing
Personal Development
Risk Management
Supply Chain Management
Business development
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
EURO (€) 29000 / Total Program
Cost
Entry Requirements:
Bachelor’s degree
Min. years of work experience: 3
GMAT 550
Toefl IT based: 90
IELTS 6.5
Distance Course Information
Start Dates :
January, September
Programme Duration :
24 months
Tuition Fee :
EURO (€) 28500 / Total Program
Cost
Entry Requirements:
Bachelor’s degree
Min. years of work experience: 8
GMAT
TOEFL/TOEIC
Executive Course Information
Start Dates:
March
Programme Duration :
18 months
Tuition Fee :
EURO (€) 29000 / Total Program
Cost
Entry Requirements:
Bachelor’s degree
Min. years of work experience: 5
Management test
English test
Contact:
Sylvie Chancelier-Ayina,
Admissions Manager
AUDENCIA Nantes School of
Management
8 route de la Jonelière
BP 31222
Nantes cedex 3, Loire Atlantique
44312
France
Tel: +33 2 40 37 45 66
Fax: +33 2 40 37 34 07
Email: schancelier@audencia.com
Web: www.audencia.com
TopMBA Career Guide Spring/Summer 2012 105
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Student Profile
BSL - Business School Lausanne
Building Tomorrow’s Leaders
Founded in 1987, Business School Lausanne is a
leading innovator in business education. Reinforcing
its renowned practical approach to business studies,
BSL revised its MBA and EMBA programs in 2009 by
collaborating with leading CEOs and HR directors.
In reflecting their perspectives, BSL’s MBA provides
relevant high-quality education - as demanded by
today’s marketplace.
The BSL Learning Experience
Studying at BSL is an interactive and engaging
learning experience. Small classes of up to 20 MBA
students work in professional partnership with
the faculty to solve complex case studies and real
business challenges. BSL’s professors guide the
students in the learning process, often working with
them on an individual basis to provide continuous
mentorship and assessment.
Taking real business learning one step further, BSL is
backed up by a multidisciplinary team of professors
delivering innovative and demanding MBA modules.
All have a contemporary and accomplished business
acumen and incorporate today’s challenges into
their lectures – combining real-life experience
with classroom learning.
A leading innovation: MBA/E-MBA in
Sustainable Business
Since September 2011 students have the option
to specialize in Sustainable Business by following a
joint-degree program of BSL and the University of St
Gallen: an innovative Diploma of Advanced Studies in
Sustainable Business developed with the University
of St.Gallen (equivalent of 30 ECTS program).
Other Master’s at BSL
In addition to the MBA and EMBA, and the recently
launched MBA in Sustainable Business, BSL offers
innovative Master’s programs including:
t MSc in Finance (with CFA)
t Master in International Business (with CMI)
t MSc in Global Marketing
The BSL finance program integrates CFA, Chartered
Financial Analyst level 1 Preparation, and the Master
in International Business (MIB) prepares students for
the CMI (Chartered Management Institute) Strategic
Management and Leadership Diploma that students
will receive along with their BSL degree.
Recognition and Accreditation
BSL is globally recognized for its quality, ranked 3rd in
Switzerland and among the Top European Business
Schools in QS Ltd.’s 2011 Employers’ Choice ranking.
BSL was the first business school in Europe to be
accredited by the ACBSP (Accreditation Council for
Business Schools and Programs) and in 2009 became
a member of the EFMD (European Foundation for
Management Development). BSL is the first Business
School in Switzerland to offer students membership
to the international honor society, Delta Mu Delta.
Additionally, the Swiss Association for Quality and
Management Systems (SQS) awarded BSL with ISO
9001 certification.
Studying in Switzerland
Respected throughout the world for its banking
and commercial infrastructure, Switzerland is
headquarters for many international companies
and the seat of several world organizations. Located
in the Greater Lausanne area, near the lake and
university community, BSL is in the heart of a vibrant
study environment for local and international
students alike. The school is easily accessible by
public transportation and just 45 minutes by road or
train from Geneva and its international airport.
Dipak Nirmalkumar (India)
MBA 2010 graduate
“Studying at BSL gave me an edge over other
colleagues in my organization. It helped me face
interviews with greater confidence, and has given
me strong business know-how. A real-time approach
towards education engrained in the values of the
school creates an excellent support structure that
makes it stand out among other MBA programs. I am
very glad to have learned not to just be a manager,
but also an efficient time keeper always looking for
change. If again given a chance, I would love to go
through their pragmatic program which undergoes
continuous updating. I am very grateful to the
school and it’s faculty for what I have learned and for
who I am today.”
Allison Jennifer Anne Martin (Canada)
MBA 2011 graduate
“The quality education I received at Business School
Lausanne has given me a strong competitive
advantage in the marketplace. I have significantly
strengthened my skill-set in areas such as leadership,
critical thinking, communications, entrepreneurship
and effective self-management. The combination
of rich classroom learning, dynamic group work
and discussion, facilitated by professors who are
seasoned experts in their fields, has ensured that I
will definitely be a great asset to my future employer.
Not to mention I had the time of my life living and
experiencing the beautiful scenery and culture of
Lausanne and Switzerland!”
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Joint Degree Programmes
Offered:
MBA + Diploma (DAS) in
Sustainable Business (a joint
degree with the University of St
Gallen)
Specialisation by Function:
Accountancy & Financial
Change Management
Corporate Governance
Entrepreneurship
Finance
General Management
Human Resource Management
International Management /
Business
Leadership
Marketing
Operations Management
Organisational Behavior
Personal Development
Project Management
Strategic Management
Sustainable Business Management
Specialisation by Industry:
Banking / Financial Services
Consulting
Environment
FMCG - Fast Moving Consumer
Goods
IT / Telecommunications
Non - Profit Organisation
Pharmaceutical / Bio-Medical
Retail / Consumer Goods
Sustainability
Full Time Course Information
Start Dates:
February
September
Programme Duration:
12 months
Tuition Fee:
44,800 CHF / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score
: 210
Min. TOEFL Paper Based Score : 550
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Application Fee :
EURO (€) 0
Part Time Course Information
Start Dates :
February
September
Programme Duration :
24 months
Tuition Fee :
44,800 CHF / Total Program Cost
Executive Course Information
Start Dates:
February
September
Programme Duration :
18 months
Tuition Fee :
44,800 CHF / Total Program Cost
Contact:
Magali Valente
Admissions Coordinator
BSL - Business School Lausanne
21 Route de la Maladière
Po Box 73
Chavannes, Vaud 1022
Switzerland
Tel: +41(21)6190606
Fax: +41(21)6190600
Email: mba@bsl-lausanne.ch
Web: www.bsl-lausanne.ch
106 TopMBA Career Guide Spring/Summer 2012
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Student Profile
CEU Business School
Central European University Business School is the
acknowledged pacesetter in broadly defined Central
Europe. The institution places high priority on all key
elements that make a world-class business school:
teaching, original curriculum development, research
and generating new businesses. International and
regional employers now view CEU Business School
the #1 business school in Central Europe (including
Germany and Austria) and ranked #13 in Europe
overall, according to the latest research results of
QS TOPMBA.com. The school recently received the
prestigious European CEO Global Business Education
Award as the most innovative business school in
Central and Eastern Europe.
CEU Business School programs are distinguished
by their emphasis on sophisticated and state-of-
the-art professionalism, a balance between theory
and practice and a blended classroom and action-
learning educational approach.
The institution was founded in 1988 by a group of
visionary leaders, including investor and philanthropist
George Soros. It is located in the vibrant “crossroads
city” of Europe, Budapest, Hungary.
All MBA students receive iPads. Practically all reading
assignments are distributed in e-format and can be
downloaded onto an iPad.
Currently, CEU Business School offers the following
three AMBA-accredited U.S. degree programs:
1. FULL-TIME CEU MBA
This comprehensive and intensive MBA program takes
11months to complete. Its curriculum is modern and
relevant, emphasizing entrepreneurship, innovation,
action learning, leadership, ethics and finance. The
CEU MBA is also characterized by an extremely diverse
student body and close faculty-student interaction
and mentoring. The program requires at least three
years of working experience.

2. EXECUTIVE MBA (Alternate Weekend Format)
The CEU Executive MBA [EMBA] Program meets on
alternate weekends (Friday afternoons through
Sunday Noon) and lasts 22 months. This program
is designed for working executives and other
professionals. Most EMBA students are from
Budapest, other parts of Hungary, and neighboring
countries, although some EMBA students fly from
more distant locations to attend EMBA classes. EMBA
students earn the same high-quality MBA degree as
full-time MBA students.
3. International Master’s in Management
(IMM)
The 18-month IMM comprises a five 2-week-module
executive MBA program, starting each March.
Participants, averaging 10 years work experience,
maintain job responsibilities while acquiring a broad
range of advanced managerial skills. CEU Business
School offers IMM with three leading partner schools:
the Krannert School of Management, Purdue
University, USA; TiasNimbas Business School, Tilburg
University, The Netherlands; and GISMA Business
School, Germany. Each partner business school
serves as a module host and organizer. Modules
also take place in Shanghai and Beijing, China and
in Puebla and Mexico City, Mexico. IMM was ranked
#2 in “International Course Experience” by the 2010
Financial Times survey of Executive MBAs.
International Exchange Programs
CEU Business School gives full-time and executive
MBA students the opportunity to spend a semester
at one of its distinguished partner schools in North
America, Western Europe, or Asia (China), at no
additional tuition. Exchange opportunities are
available up to one year after graduation.
New York City Module
From 2012 an optional 3-credit week-long course
in New York City is open for full-time and executive
MBA students. This course is anchored on an
advanced blended learning structure, combining
academic instruction and carefully selected site visits
to leading NYC corporations.
Maria Pechorina
MBA Class of 2010-2011
Home: Russia, Vladivostok
Classes at CEU Business
School are extremely
interactive and are
always stimulating. Many
assignments involve
interaction with real
companies. There is also
continuous group preparation. We also use original
simulations in order to assume top-level decision-
making roles. I have had a wonderful time getting
to know the professional, energetic and devoted
people from all over the world who are in my class.
Furthermore, I have acquired an amazing amount of
new knowledge from many different business fields
and, by developing close ties with my classmates and
by constantly participating in networking events,
I now have excellent professional associations
throughout the world.
Programme Type:
Full-Time MBA
Executive MBA
International Executive MBA (IMM)
Areas of Emphasis:
Modern Leadership
Entrepreneurship and Venturing
Global Innovation
Sophisticated Finance
Leveraging Global Ecosystems
Corporate Governance and
Integrity
Action Learning
Full-Time MBA Information
Start Dates:
September
Programme Duration:
11 months
Tuition Fee:
EURO (€) 12,000 / Total Program Cost
Entry Requirements:
Competitive GMAT score / average
600
Min. TOEFL Computer Based
Score: 230
Min. TOEFL Paper Based Score : 570
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Application Fee :
none
Executive MBA Information
Start Dates :
February
Programme Duration :
22 months
Tuition Fee :
EURO (€) 15,000 / Total Program Cost
IMM Information
Start Dates:
March
Programme Duration :
18 months
Tuition Fee :
EURO (€) 52,500 / Total Program Cost
Contact:
Recruitment & Admissions Office
CEU Business School
30-34. Frankel Leó út
Budapest, H-1023 Hungary
Tel: +3618875014
Fax: +3618875133
Email: info@ceubusiness.org
Web: www.ceubusiness.org
TopMBA Career Guide Spring/Summer 2012 107
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Student Profile
Copenhagen Business School
The CBS Full-Time MBA Program
… A Unique Experience
Restricted in size and selective in admission, this is an
exclusive MBA program with a population of smart,
engaged, experienced, pleasant, and extremely
international students.
CBS is not a student factory but a thought machine
where student brains are charged and challenged
in various ways from day one. The program has
state-of-the-art coverage of all core management
disciplines combined with relevant elective courses
all taught by world-class faculty.
The courses reflect a Scandinavian management
style where social responsibility permeates the entire
curriculum. Creative thinking and entrepreneurship
are central aspects of the program. Leadership skills
are honed through a personal discovery process that
offers unique mentoring sessions to share ideas with
seasoned executives.
Classes are conducted in an informal learning
atmosphere where knowledge and understanding
is formed by selective expertise and joint reflection.
Everything can be questioned and challenged in the
quest for new insight … and it is paramount to have
fun in the process.
“If you have the ambition to become a driving force in
shaping the global business community of tomorrow,
I urge you to consider joining the CBS Full-Time MBA
program and excel your aspirations.”
Torben Juul Andersen
Professor and Associate Dean
Why the CBS MBA?
1. Small class size – limited to 50 students, meaning
a personal discussion based education with a
genuine network at the end of the program.
2. Experienced class – With an average age of just
over 33 and work experience of 9 years you will be
in one of the world’s most experienced Full-time
MBA classes.
3. Leadership Discovery Process - During the MBA,
you will take a journey of personal and professional
development with numerous opportunities to
explore what leadership is and to develop your
capacity to exercise it effectively and responsibly.
4. Entrepreneurial Mindset - We do more than let you
dream, we stimulate you to broaden your mind in
search for the right opportunities.
5. Integrated Strategy Project - This is the final
challenge of the program. Teams of MBA
participants, under the guidance of faculty and
experienced executives, conduct an integrated
strategy study for an internationally oriented
company in Denmark.
6. Danish Economy - Denmark has one of the world’s
strongest economies and one of Europe’s lowest
rates of unemployment.
7. Visa System - Denmark has Europe’s best 3 year
visa system for non-EU citizens, reflecting the
governments’ desire to attract and keep the best
international labour.
8. Wonderful Copenhagen - Some of the highest
living standards In the world, safe, clean, beautiful,
diverse, open-minded, historic….
9. Brand New Facilities - In September 2010 the program
moved into brand new state-of-the-art facilities.
The aim of CBS is, each year, to create a team of
participants who can learn from each other. We believe
that the only way that participants can really develop
is to be part of a diverse experienced international
environemt. The class size is limited to a maximum of
50 to ensure the MBA is personal and that discussion
and small group work are fundamentals of the
program.
This years full-time team sums up that diversity:
1. Nationality - 80% of the particiapnts are international.
They come from 24 different countries as diverse as
Bhutan, Ecuador, Colombia, Egypt, South Africa, USA,
India, Ukraine, Japan, Russia, China, Finland etc.
2. Age - Participants from 25 to 48 years old, with an
average age of 33.
3. Work experience - The minimum we accept is 3
years work experience. This year the average work
experience is just over 9 years, with a range from
3 to 20 years.
4. Educational background - Again, we aim for diveristy.
There are 25% from Business Administration, 14%
from Humanities and Social Sciences, 22% from
Engineering, 14% from economics and Finance etc.
5. Career Background - The goal is to attract as many
different backgrounds as possible. This year for
example we have a Bank Manager from Brazil, a
doctor from Denmark and a pilot from the US navy.
Such diversity greatly increases the opportunity to
learn from other participants and their experiences.
All particiapnts agree that this is a huge part of the
learning experience here in Copenhagen.
Programme Type:
Full Time MBA
Specialisation by Function:
Leadership
Entrepreneurship
General Management
Corporate Social Responsibility
International Management / Business
Specialisation by Industry:
Consulting
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
EURO (€) 39,000 / Per Year
Entry Requirements:
Min. GMAT Score: 550
Min. TOEFL Computer Based Score: N/A
Min. TOEFL Paper Based Score: N/A
Min. Years of Work Experience: 3
Application Fee :
EURO (€) 0
Contact:
Lee Milligan
Admissions Manager
Copenhagen Business School
Full-time MBA Program
Raavarebygningen
Porcelaenshaven 22
Frederiksberg C, Copenhagen
2000
Denmark
Tel: +45 3815 6022
Fax: +45 3815 3010
Email: lm.mba@cbs.dk
Web: www.cbs.dk/ftmba
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REPEATING EVERYWHERE
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ACCELERATOR OF CAREER
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zumMaster.
>>> Mehr Infos unter mba-master.de
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auf mba-master.de
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Staufenbiel Das MBA-Studium
110 TopMBA Career Guide Spring/Summer 2012
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Student Profile
EMLYON Business School
Join the International MBA
The Essential MBA for Entrepreneurial Leaders
EMLYON Business School, created in 1872, stands
out among the few business schools worldwide
awarded three international accreditations. EMLYON
has campuses in Lyon and Shanghai, has developed
partnerships with 110 foreign universities and
gathers 20,000 alumni in 100 countries…
EMLYON International MBA
This intensive full-time one-year programme is
focused on helping each participant reach the
professional goal they have set for themselves. The
programme is ranked #15 in Europe in the Top 100 MBA
programmes worldwide (The Economist - October
2011). Through the emphasis on entrepreneurship
within the academic programme, the year-long
consulting project and the international diversity in
the student body and faculty, participants develop
the skills they need to achieve success. While enjoying
a truly dynamic learning experience, they will remain
in touch with the business world through the school’s
worldwide professional and alumni network.
A strong focus on ENTREPRENEURSHIP
EMLYON Business School is recognised as the
European frontrunner in the field of Entrepreneurship,
which shows particularly within the International MBA
programme. The capacity to identify opportunities,
take initiatives and to get things done is what makes
successful entrepreneurial leaders in today’s global
business environment. Throughout this programme,
participants not only learn how to identify interesting
business opportunities but acquire the competencies
they need to exploit them profitably.
A year-long CONSULTING
PROJECT
Students participating in
the International MBA need
a tangible way within a real
business setting to acquire
the skills they need to
complement their existing skill
set. This is the reason why the
International MBA programme
includes a year-long consulting
project; the Entrepreneurial
Leadership Project (ELP).
Based on their competency
profile, participants select a
project and team that complement their learning
needs. Working on the project throughout the
year allows students to immediately put academic
knowledge into practise, while concentrating on their
unique learning needs.
An international & experiential LEARNING
EXPERIENCE
International MBA students benefit from studying,
living and working with professionals from around
the globe, thus enhancing their ability to work with
and lead international and intercultural teams. The
selection process for International MBA participants
ensures that the group is as diverse as possible, both
in terms of nationalities as well as in professional
backgrounds.
A CLEAR FOCUS ON YOUR CAREER
With the help of coaching sessions, recruitment
and placement advice and access to a vast range of
electronic resources, you will learn to manage your
career successfully and will benefit from numerous
career enhancement workshops starting as early as
October. Throughout the year, different companies
visit the school to discuss the opportunities
and challenges they are facing in a dialogue-
oriented setting providing an ideal opportunity
for to continue to build on and increase your own
professional network. The backing of professors,
human resources consultants, executive recruiters
and the EMLYON alumni network give all participants
the tools they need to reach their career goals.
According to our participants, it is the combination
of the strong focus on entrepreneurship, the year-
long consulting project and the large diversity in
student body and faculty that makes our 12-month
International MBA programme so uniquely suited to
meet their needs.
Participant Profile - Class of 2011/2012
> Average Age: 30
> Average work experience: 6 years
> 80% non-French participants
> Countries represented: Algeria, Cameroon, China,
France, Hungary, India, Italy, Japan, Mauritius,
Portugal, South Korea, Spain, UK, USA.
Xiaolin Liu, China
iMBA 2010
“EMLYON’s International MBA
programme provided me an
intensive exposure to entrepreneurial
leadership, international culture and tailored academic
courses. Now as a management consultant in strategy
and marketing, I create entrepreneurial drive,
interpersonal skills, and analytical competencies.”
Margarita Bolganova, Russia
iMBA 2010
Undoubtfully, the most exciting
experience during my MBA was ELP
(Entrepreneurial LeadershipProject).
Dealing with a real company, solving an urgent
business issue, applying theoretical skills to business
practice, sharing my own work experience and
learning from the team members – my ELP was
extremely rich in all respects. Moreover, the findings
of this project are fully applicable to my present job.
Jean Pascal Tricoire, Chairman of the
Management Board & CEo, SCHNEIDER
ELECTRIC
iMBA 1986
“My MBA was a powerful opener to all dimensions
of business and company life, and was a very useful
complement to my engineering academics. It
increased my appetite for a multinational career and
my belief in the potential and excitement of a world
getting smaller and flatter every day.”
Programme Type:
Full Time MBA
Joint Degree Programmes Offered:
MBA Only
Specialisation by Function:
Finance
International Management / Business
Marketing
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
EURO (€) 35900 / Total Program Cost
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score : 230
Min. TOEFL Paper Based Score : 580
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Application Fee :
EURO (€) 120
Contact:
Tess Lau, Head of Student Recruitment
EMLYON Business School
23, Av. Guy de Collongue
Ecully, France
69134
France
Tel: +33 (0)4 78 33 77 83
Fax: +33 (0)4 78 33 78 66
Email: imba@em-lyon.com
Web: www.em-lyon.com/imba
TopMBA Career Guide Spring/Summer 2012 111
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Student Profile
ENPC School of International Management
The ENPC School of International Management was
founded in 1987 as the business school of the École
nationale des ponts et chaussées (to-day called
Ecole des Ponts ParisTech), France’s first Grande
Ecole, created in 1747 under the reign of King Louis
XV and one of its most prestigious Grandes Écoles.
Ever since, the ENPC has been renowned throughout
Europe for the quality of its education and alumni,
and for the high level of its expertise.
A Truly International and Multicultural MBA
Since its inception, the ENPC School of
International Management has promoted the
study of international business and value-based
global leadership. It prides itself on developing
entrepreneurial leaders with a strong sense of values
that go beyond academic excellence and give a
true understanding of global business in the 21st
century. We are proud of the diversity of our faculty
- from leading business schools and universities
from around the world, the diversity of our student
body (48 nationalities represented in the last 4 years
alone) and the percentage of woman in our program
(on average 35%).
The flexibility of our programs:
From the beginning, Celia Russo, the founder of the
ENPC MBA, believed in giving MBA participants the
maximum choice in designing their own curriculum.
The curriculum is thus divided among core courses,
which are required for all MBAs (Finance, Accounting,
Marketing, Operations Management, etc.) and
electives which MBA participants are free to choose
according to their interests and/or specialization.
t MBA in International Business (Full-time and Part-
time)
t MBA in Technology & Entrepreneurship (Full-time
and Part-time)
t MBA in Entreprise Risk Management (Full-time and
Part-time)
t Tri-Continent MBA (Paris/Philadelphia/Tokyo &
Shanghai, in co-operation with Temple University,
USA)
t ENPC/Fox Executive MBA (week-end format, a
dual-degree program)
Furthermore, MBA participants may take up to 3
courses, of the approximately 18 courses needed to
graduate, in any of our sister or exchange programs
around the globe.
International Connections
t In addition to the curriculum in Paris, participants
have the option of taking modules abroad at any
one of its sister schools, in Morocco (Casablanca)
and in China (Shanghai). Optional study trips are
also available to China and the USA. In addition,
the school has exchange links with other business
schools in Belgium, Canada, Denmark, Germany,
Greece, Finland, Hungary, Israel, Mexico, the UK,
and the USA.
t Instead of working with professors from only one
school, we offer MBA participants the opportunity
to work with and learn from world-class faculty
from renowned business schools and universities
from around the globe - the US, the UK, Europe,
Asia, Africa, Australia, New Zealand, India and more.
The quality of our professoral corps is also one of the
reasons why the ENPC MBA is renowned around the
world for the quality of its Academic Programming.
What makes the ENPC MBA PARIS special ?:
t Part of one of France’s oldest and prestigious
“Grandes Ecoles”, the ENPC (Ecole des Ponts
ParisTech), building on over 250 years of History.
t Located in the center of Paris.
t A flexiblility to design your own curriculum according
to your personal and professional objectives.
t Visiting world-class faculty from top international
schools (Warwick, Cornell, Cambridge, NYU, RSM,
Trinity).
t A global network of over 13 000 ENPC alumni
worldwide and partner schools in 11 countries.
Location
The ENPC School of International Management is
located at “La Maison des Ponts”, “Rue de la Fontaine
au Roi”, in Paris XI’s district.
Located on the Right Bank, this is one of the most
densely populated arrondissements in Paris, as well
as being a fun and diverse area.
The ENPC School of International Management is
looking for candidates from all academic, professional
and cultural backgrounds.
For the Full-Time and Part-Time MBA programs, our
candidates possess:
t A minimum of 3 years of professional experience.
t High motivation and potential for enhancing or
launching an international management career, or
making a career change.
t Creative business and product ideas waiting to be
successfully launched and managed.
t Strong communications skills.
t A creative, open-mind, respect for ethics and cultural
differences.
For the “One weekend per month” Executive MBA
program:
t A minimum of 5 years full-time work experience.
t Highly motivated professionals eager to participate
in an interactive, discussion-based pedagogy that
leverages the diverse backgrounds and experiences
of both faculty and participants.
t Designed for students looking for a comprehensive
set of skills who will go on to enjoy senior,
international management careers.
Student Testimonial:
Yanli Huang - Student at the
ENPC MBA in International
Business
“I am truly grateful to have chosen
this program to help and prepare
myself to move forward on my
career path. What remains one of the most important
aspects of an MBA program is how well it prepares you
to land your first post-graduate job, especially in times
of crisis. The ENPC School of International Management
has chosen top-class professors from all over the world
to provide you with an excellent learning experience as
well as the cultural understanding necessary to develop
students that are confident and capable of attracting
top employers. Networking events, negotiation classes
and outreach trips are all wrapped together with a
personalized touch to truly enhance each student’s
ability to land that perfect job.”
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Specialisation by Function:
Accountancy & Financial
Corporate Governance
E-Commerce / Business
Entrepreneurship
Finance
General Management
Human Resource Management
Innovation / Knowledge
Risk Management
International Management /
Business
Leadership
Marketing
Strategic Management
Technology Management
Specialisation by Industry:
Banking / Financial Services
Consulting
Environment
IT / Telecommunications
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
September
Programme Duration:
10 months
Tuition Fee:
EURO (€) 35500 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score : 240
Min. TOEFL Paper Based Score : 590
Min. IELTS : 7
Min. Years of Work Experience : 3
Application Fee :
EURO (€) 150
Part Time Course Information
Start Dates :
September
Programme Duration :
24 months
Tuition Fee :
EURO (€) 42000 / Total Program Cost
Executive Course Information
Start Dates:
January
Programme Duration :
22 months
Tuition Fee :
EURO (€) 45000 / Total Program Cost
Contact:
François Blanchet
Marketing Director
ENPC School of International
Management
15 rue de la Fontaine au Roi
Paris,
75127 Cedex 11
France
Tel: +33 (1) 44 58 28 01
Fax: +33 (1) 44 58 24 61
Email: info@enpcmbaparis.com
Web: www.enpcmbaparis.com
112 TopMBA Career Guide Spring/Summer 2012
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Student Profile
ESADE Business School
Located in the dynamic, international city of
Barcelona, ESADE Business School is one of the
world’s top ranked business schools with over 50
years in management development. We offer a wide
range of MBA and Executive Education programmes
across our campuses in Barcelona, Madrid and
Buenos Aires. We also have global centres in São
Paulo and Munich.
ESADE Business School is internationally recognised
for the excellent standard of its MBA programmes
and is accredited by the world’s three most respected
management education organisations: AACSB
International, the EQUIS accreditation from the
EFMD and the British Association of MBAs (AMBA).
Our Full Time MBA is the market’s most flexible
programme, allowing you to customise your MBA
experience in 12, 15 or 18 months according to your
objectives. This style of MBA programme has been
created to better adapt to the changing needs of our
individual participants.
ESADE Business School’s distinctive methodology
balances theory and practice rather than exclusively
focusing on the case method. Simulating
real working conditions, cross-functional and
multicultural teamwork is an integral pillar of our
collaborative methodology structured around the
geographic, functional and academic diversity of our
student population. We also place strong emphasis
on entrepreneurship as a means of creating value for
organisations and the development of leadership
competencies through the LEAD programme.
As a select programme, we deliver unmatched
personalised attention. Career Services works
closely with participants helping develop and
manage the entire job search process through
one-to-one advice and guidance meetings,
coaching sessions, seminars and workshops. As
a comparatively small business school, you will
also be able to stand out in front of the leading
multinational companies that recruit on campus.
Some 88% of all job placements are internationally
located (outside of Spain).
ESADE Business School also offers the Global
Executive MBA (GEMBA) in collaboration with
Georgetown University. This exclusive part time
programme combines distance learning with six
international modules located in Washington,
Moscow, Barcelona, New York, Brazil/Argentina and
India/China. The GEMBA is targeted at professionals
with more than eight years postgraduate work
experience and an international profile.
Given today’s competitive international talent
market, professionals are increasingly worried
about the uncertainty surrounding their future. The
ESADE MBA is a unique experience open to a select
number of highly diverse participants, designed
to harness your passion for business as a means to
opening professional opportunities.
By aligning The ESADE MBA to real business needs,
we are able to equip you with relevant analytical
tools, global strategic vision and multicultural
leadership competencies. In so doing, we believe
you will gain decision making power and thus more
control over your career evolution.
Alamelu Narayanan (Preethi),
India (Full Time MBA Class of
2012)
“My decision to come to ESADE
was based on a number of
factors; I really like the culture in Spain, and the city
of Barcelona was very attractive to me. ESADE is
obviously one of the top programmes here in Europe,
so that made the decision considerably easier and a
number of my colleagues at Google who are ESADE
alumni had really great feedback about the school.
The feeling I got when I visited the school was the
final push I needed to seal the deal – it’s a social,
friendly place and I felt great from the moment I
arrived.
I have chosen the 18-month MBA as opposed to
the 12 or 15-month options available. I’ll be going
on exchange to Goizueta Business School in the
US, which will allow me the chance to broaden my
network yet further and gain exposure to business
practices from an American perspective alongside a
new group of students, and, if that weren’t enough, I
will have the opportunity to go back to India for my
summer internship with Vodafone. Plus, 18 months
means I get to live in Barcelona for longer which is
fantastic!”
In all, this is proving to be an unforgettable
experience which will not only enrich me on a
personal level, but also provide me with the tools to
achieve my professional objectives with confidence
in the years to come”.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Specialisation by Function:
Entrepreneurship
Finance
General Management
Human Resource Management
Marketing
Operations Management
Strategic Management
Specialisation by Industry:
Banking / Financial Services
Consulting
Pharmaceutical / Bio-Medical
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
August
Programme Duration:
Flexible- 12, 15, 18 months
Tuition Fees:
EURO (€) 57,000 /Total Programme
Cost 2011/12
Entry Requirements:
Avg. GMAT Score : 670
Min. TOEFL Computer Based Score:
250
Min. TOEFL Internet Based Score: 100
Min. IELTS : 7
Min. Years of Work Experience : 2
Application Fee :
EURO (€) 130
Part Time Course Information
Start Dates :
September
Programme Duration :
20 months
Tuition Fee :
EURO (€) 52,000/ Total Programme
Cost
Executive Course Information
Start Dates:
June
Programme Duration :
18 months
Tuition Fees:
EURO (€) 58,900 (2012)/ Total
Programme Cost 2011/12
Contact:
Admissions Office
ESADE Business School
Av. d’Esplugues, 92-96
Barcelona,
E-08034
Spain
Tel: +34 93 495 2088
Fax: +34 93 495 3828
Email: mba@esade.edu
Web: mba.esade.edu
TopMBA Career Guide Spring/Summer 2012 113
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ESSEC Business School
Since 1907, ESSEC has been developing a unique
learning model based upon its strong identity
and core values: innovation, open-mindedness,
responsibility and excellence. With a comprehensive
range of forty programs – covering undergraduate,
graduate and executive education – that reflect
ESSEC’s tailor-made approach, ESSEC trains
entrepreneurs and managers who are ambitious,
economically aware and socially responsible.
Today, the ESSEC community represents over 90
nationalities, 4,300 students, 6000 managers in
executive education and 135 permanent faculty,
on 3 campuses in Cergy-Pontoise, Paris-La Défense
and Singapore. Its immense network of 37,000
active graduates stretches across the globe. ESSEC
continues to nurture academic and strategic
partnerships with 120 universities in 5 continents,
and has established 16 double-diploma agreements
with leading international institutions.
Cutting-Edge Research
ESSEC is an academic institution of excellence
where research supports instructional design and
business consulting on a daily basis. The school’s
128 full-time faculty and 14 professors emeritus,
graduates of the world’s finest universities, carry
on ESSEC’s world renowned tradition for superior
academic quality.
t 128 permanent professors, 14 professors emeritus
t 44% foreign professors
t 32 different nationalities
t 8 departments
t 19 research & teaching chairs.
t Student/Corporate Relations & Careers Services
t Regular recruitment events with over 300 partner
companies
t Interview and CV workshops
t Over 50% of 2010 MBA graduates obtained a job
offer before graduation
t Over 90% of 2010 MBA graduates found
employment in less than four months
t Over 70% of all MBA graduates hold positions with
an international orientation.
International MBA Programs
Global MBA - 1 year, full-time
http://www.essec.edu/globalmba
t Thorough grounding in essential management
and leadership skills, in addition to a wide range
of electives, chair seminars and multidisciplinary
workshops
t 1 field trip to Eastern Europe and a dual campus
in Singapore
t 4-6 week International Immersion Project during
which students work on private or public sector
consulting projects in emerging countries
t Capstone seminar.
MBA in Hospitality Management (IMHI) - 1 or
2 years, full-time
http://www.essec-hospitality.com
t Strong foundation in core business disciplines
t Multi-cultural student body representing over 25
nationalities
t Partnerships with leading industry companies
t 1-year track for experienced applicants; 2 -year
track for younger applicants
t Dedicated hospitality career service and strong
alumni network worldwide.
MBA in Luxury Brand Management - 1 year,
fulltime
http://www.essec.edu/luxurymba
t The sole program of its kind in the world, offered
near Paris, the world’s capital of luxury
t International partnerships with luxury and prestige
firms
t Regular seminars with industry leaders.
ESSEC-MANNHEIM Executive MBA - 18
months, part-time
http://www.essec-mannheim.com
t For high potential executives wishing to advance
in their careers , develop leadership potential
t Interactive curriculum that develops corporate and
inter-personal skills
t Offered in a weekend or a modular format.
ESSEC’s community is made up of over 4500
students and 6000 executive education participants,
representing over 90 nationalities. Working for a
society that has a place for each individual and
making a commitment to foster diversity and equal
opportunity are core values at ESSEC.
Global MBA
Average age: 29 yrs. Competitive GMAT Score
ESSEC’s elite Global MBA is designed for participants
with an average of 6 years post-bachelor professional
experience, including at least 2 years managerial
experience, who want to fast track their career or
become a successful entrepreneur. The program
offers companies an opportunity to educate the
managers that they have targeted as high-potentials
and provides a unique mix of independent
participants and sponsored managers who will have
the opportunity to develop a personal network with
elite professionals from global companies.
“The intellectual curiosity and independence of ESSEC
students is a magnet for a group like L’Oréal. Their solid
foundations in responsible management will serve
them in managerial positions later on, a factor which
really sets them apart.”
Véronique DUSSER, Director of University
Relations and Recruitment, L’Oréal France
Programme Type:
Full Time MBA
Executive MBA
Specialisation by Function:
Entrepreneurship
Finance
General and International
Management
International Hospitality
Management
Luxury Brand Management
Marketing
Negotiation
Specialisation by Industry:
Agribusiness
Banking/Financial Services
Consulting
Healthcare & Pharmaceutical
Hospitality
Luxury
Real Estate
Retail/Consumer Goods
Services
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
17th September 2012
Programme Duration:
12 months
Tuition Fee:
EURO (€) 45000
Entry Requirements:
Competitive GMAT Score
Work Experience : 4-6 years
Executive Course Information
Start Dates:
April
October
Programme Duration :
18 months
Tuition Fee :
EURO (€) 47 000
Contact:
Sarah Meskell
Recruitment Manager
ESSEC Business School
1 Avenue Bernard Hirsch
BP 50105
Cergy-Pontoise 95021
France
Tel: +33 1 34 43 37 17
meskell@essec.fr
www.essec.edu
114 TopMBA Career Guide Spring/Summer 2012
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Student Profile
EBS Business School
EBS Business School
EBS is one of the leading business schools in
Germany. Since its inception in 1971, the School
has played a pioneering role in the education and
training of specialists and managers for the global
economy.
EBS has outstanding contacts to over 200
international organizations and 200 partner
universities worldwide. Renowned for academic
excellence, innovative strength and entrepreneurial
spirit, the School has made a name for itself as an
important motor for business, politics and society.
Beyond our dedication to providing academic
excellence, we are committed to delivering
sustainable and responsible education. Research
into new findings and academic consulting services
in the fields of sustainability, social business, social
responsibility, ethical thinking and behaviour are of
paramount importance to us.
We aim to inspire individuals and develop
personalities who will make a sustainable and values-
driven contribution towards shaping economic
activity both in Germany and throughout the world.
EBS Full-time MBA
Taking your individual needs and career paths into
consideration, the EBS Full-time MBA programme
offers three excellent track options: an Accelerated
Track of 12 months for students with an advanced
academic degree and extensive work experience, a
16 months Gateway to Germany Track that prepares
international students for a career in the German
corporate world, and an International Track of 16
months including an integrated study experience
at one of our partner universities abroad (including
the opportunity to obtain a dual degree – MBA plus
Master of Engineering in Logistics & Supply Chain
Management – in cooperation with the renowned
MIT-Zaragoza International Logistics Programme in
Spain, with just an additional 5 months of studies).
The core curriculum delivers a solid grounding in
management, leadership and problem-solving skills.
Social responsibility is of paramount importance
for us and therefore an integral part of the
curriculum. During our practice-driven programme
you will tackle contemporary business issues in
the classroom, in discussion with management
representatives, and in hands-on project work with
international companies.
Career development workshops and individual
coaching sessions are available to all students. The
EBS Career Services Centre holds recruitment fairs,
career workshops, and other networking activities.
Full and partial scholarships are available.
DBS & EBS Executive MBA
The DBS & EBS Executive MBA is a part-time
programme for experienced managers across all
sectors of industry and professions. The programme
combines the competencies of the Durham MBA
with the excellence of EBS executive education.
The 24-month AMBA accredited Executive MBA
comprises a total of 60 contact days. You will benefit
from the combination of UK-specific and continental
European management and business aspects. This
combined input on state-of-the-art management
theories and instruments is highly valued in a
globalized business world. The broad portfolio of
elective courses allows an individually designed
course of study.
The dual degree DBS & EBS Executive MBA is
delivered on a modular part-time basis in Germany
and the UK to minimise the impact on your
continuing career. During the first year of the
programme you will attend seven core modules to
deepen your management understanding. These
modules will equip you with leadership-driven
knowledge. Participants will also be exposed to the
challenges of top-level decision making through the
Boardroom Activity featuring senior executives from
industry and commerce.
The selection of five elective modules out of a choice
of more than 20 in the second year offers you the
opportunity to enhance your knowledge and skills
in areas that interest you most. The DBS & EBS
Executive MBA gives you access to more than 12,000
alumni across 100 countries.
Kisha Krishna Meyer
MBA alumnus
’The learning environment at EBS is personal and
intimate, with lots of interaction between students
and lecturers. The MBA team was very responsive to
students’ requests for specific topics to be added to
the curriculum. For example, a consulting project on
Social Entrepreneurship was arranged because some
students were keenly interested in this topic area. In
this way, we really had the opportunity to customize
our learning.’
Programme Type:
Full Time MBA
Executive MBA
Specialisation by Function:
General Management
Full Time Course Information
Start Dates:
September
Programme Duration:
16 months (Gateway to Germany and
International Track)
12 months (Accelerated Track)
Tuition Fee:
Euro (€) 32,500 (Gateway to Germany and
International Track)
Euro (€) 23,500 (Accelerated Track)
Executive Course Information
Start Dates:
January
Programme Duration :
24 months
Tuition Fee :
Euro (€) 29,500
Contact:
Anna Grzelecka
Admissions Manager
EBS Business School
Rheingaustrasse 1
65375 Oestrich-Winkel,
Germany
Tel: +49 611 7102 1571
Email: anna.grzelecka@ebs.edu
Web: www.ebs.edu
TopMBA Career Guide Spring/Summer 2012 115
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Student Profile
European University - EU Business School
European University (EU) is one of the world’s top
business schools, internationally accredited and
recognized for the excellence of its students and
faculty.

Established in 1973, EU has developed a business
education that delivers high-quality teaching, a
competitive learning environment and a network
of campuses in different countries. This broad
network encourages students to participate in inter-
campus exchanges in the following countries: Spain,
Switzerland, Germany, UK, Austria, Kazakhstan, Syria,
Taiwan, China, Malaysia and Singapore.

EU offers a Master of Business Administration (MBA)
with the possibility to specialize in 10 different fields
of management education.

The first goal of European University is to bring the
American education model to Europe by relating
classroom theory to professional skills. The courses
are taught in English using the case study method
to prevent business theory from remaining abstract
and incomprehensible.

The second goal of EU is to internationalize
its programs by providing a unique learning
environment. EU employs an international faculty
and curricula.
An international perspective is guaranteed by the
composition of the faculty and student body.

The third aim of EU is to offer its students flexibility.
EU ensures that all students have the possibility
to pursue higher education while balancing the
demands of full-time employment, family and other
obligations. Graduate programs can be completed
in 1 year (full-time) or 2 years (part-time). The
University also offers Executive programs that are
carefully structured to equip executives with the
knowledge required to assume the responsibilities
of leadership.

Finally, EU offers a unique program in Europe, the
Cross MBA, which is a joint project involving EU
and its international partners. The program lasts 15
months. The participants attend the on-site courses
once a month during weekends. The balance of the
coursework is completed online.

European University educates its students for
success in the global marketplace. Graduates pursue
occupations in management, marketing, consulting,
finance and public relations in major corporations
and organizations.

MBA with majors in:
International Business, Communication & Public
Relations, International Marketing, Global Banking
& Finance, Leisure & Tourism Management,
Entrepreneurship, Leadership, E-Business, Sports
Management and Human Resources Management.

Modules of study:
t MBA: 1 year full-time, 2 years part-time
t Executive MBA: 15 months
t Cross MBA: 15 months

International student exchange:
Students may transfer between any of the EU
campuses. Student exchange with other universities
is also possible.
Nicolas Brabeck-Letmathe
Having worked for 3 years while completing my
undergraduate studies in a company specializing
in recruitment for major multinational companies, I
quickly realized the value and importance associated
with an MBA. Choosing European University to
continue my studies was an easy decision. The
benefits for me were numerous, including the small
class size, diverse group of international students
and personal attention given to each student at EU.
MBA Characteristics
The classes are based on lectures and open
discussion with group and individual projects. Each
student learns how to effectively sell their ideas
while remaining open to opinions of classmates. EU
attracts a diverse group of students; my class was
made up of 20 students representing 18 different
nationalities. The learning process was more
complete as we learned not only from our professors
but also our student colleagues.
Studying in Switzerland
Despite its relatively small size, Switzerland is an
extremely international country. The location of
European University in Montreux put me into
contact with an extensive business network and a
thriving economic region. Furthermore, the idyllic
countryside and beautiful Lake Geneva provided a
perfect setting to study.
Final Project
The capstone is the final work that is required
before obtaining your diploma. This was one of the
most memorable aspects of my MBA experience
considering the satisfaction of completing such an
in-depth project.
The Future
With increasing globalization, my exposure to
various cultures and perspectives will undoubtedly
be a strong asset for my career. The future has finally
arrived and I feel confident that European University
has given me a good base to face the challenges
awaiting me.
Accreditation:
ACBSP
IACBE
CEEMAN
Program Type:
Full-time MBA
Part-time MBA
Executive MBA
Cross MBA

Joint Degree Programs Offered:
Dual degree MBA
Cross MBA

Programs Offered
MBA with Majors in:
International Business
Communication & Public Relations
International Marketing
Global Banking & Finance
Leisure & Tourism Management
Entrepreneurship
Leadership
E-Business
Sports Management
Human Resources Management

Course Information
Starting Dates:
8 October 2012
7 January 2013
18 March 2013
Program Duration:
1 year full-time
2 years part-time
Tuition Fee:
6,200 € per term full-time
3,600 € per term part-time

Entry Requirements:
Min. GMAT Score: Satisfactory
Min. TOEFL Computer Based Score: 213
Min. TOEFL Paper Based Score: 550
Min. TOEFL Internet Based Score: 80
Min. IELTS: 6.0
Min. ESOL/CAE Grade C

Application Fee:
200 €
Contacts:
Spain
Sandra Moro, Admissions
European University Barcelona
c/Ganduxer 70
08021 Barcelona
Spain

Tel: +34 (93) 201 81 71
Fax: +34 (93) 201 79 35
Email: info.bcn@euruni.edu

Switzerland
Ioanna Exarchou, Admissions
European University Geneva
Quai du Seujet 18
1201 Geneva
Switzerland
Tel: +41 22 779 26 71
Fax: +41 22 779 26 73
Email: info.gva@euruni.edu
Germany
Yana Immis, Admissions
European Business College Munich
Gmunder Strasse 53
81379 Munich
Germany

Tel: +49 89 5502 9595
Fax: +49 89 5502 9504
Email: info.muc@euruni.edu
116 TopMBA Career Guide Spring/Summer 2012
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Student Profile
GISMA Business School
Offering leading accredited MBA-programs, GISMA
Business School belongs to the top business schools
in Europe. The highly international 11-month MBA
full-time program in cooperation with Purdue
University’s Krannert School of Management,
Indiana, USA provides multiple benefits to our
students. Furthermore – in cooperation with three
other top business schools in the USA and Europe –
GISMA offers an 22-month part-time Executive MBA
program: The International Master’s in Management
Program (IMM) for experienced professionals who
seek to obtain both, an American and a European
MBA degree.
The latest addition to GISMA’s portfolio is a part-time
MBA program taught on 18 weekends a year: The
Weekend MBA.
GISMA Business School was founded in 1999 as a
partnership between the German public and private
sector. The school is operated under the umbrella of
the GISMA Foundation, a not-for-profit foundation
of the State of Lower Saxony and leaders of major
German companies.
1. Master of Business Administration - full-time
MBA
This 11-month MBA full-time program is offered
uniquely in cooperation with Purdue University’s
Krannert School of Management, Indiana, USA.
Benefits for students:
t Two MBA degrees: the internationally accredited
degree (AACSB) from Purdue University and the
GISMA MBA degree (Leibniz University Hannover)
t studying with fellow students of many different
cultural backgrounds
t profiting from consulting projects and an extensive
company network
t intense interaction with teachers due to limited
student enrolment
t an extensive career service.
2. The International Masters in Management
Program (IMM) - Executive MBA
In cooperation with Purdue University, TiasNimbas
Business School in the Netherlands and the Central
European University in Hungary GISMA offers a
22-month part-time Executive-MBA program: The
International Master’s in Management Program
(IMM). This Executive-MBA program is designed for
experienced professionals who seek to obtain both,
an American MBA degree from Purdue University
and a European MBA degree. This MBA program
is an “on-the-job” program with residencies at all
four collaborating business schools as well as in
China and Mexico and addresses managers with an
average of ten years of work experience.
3. The Weekend MBA is a part-time MBA degree
for academics with relevant work experience. The
program is aimed at participants with the potential
to take on management responsibility within their
companies and who would like to qualify themselves
further without interrupting their career.
World-class instructors are the cornerstones of the
academic program at GISMA Business School. In
addition to helping the students acquire the skills
necessary to become tomorrow’s business leaders,
they are dedicated to providing students with a
positive educational experience. That means moving
beyond typical lectures and exams to experiential
learning exercises, computer simulations, student
consulting projects with real companies and off-site
trips.
Birgit Hafner (30), MBA
After finishing my first degree (Industrial Engineering
and Management at the University of Applied
Sciences in Munich) I worked for General Motors
in Asia. As I was very interested in staying in the
automotive industry and, especially in working for
DaimlerChrysler I wanted to enhance my chances
and decided to do an international MBA. I was
convinced by the American MBA program at GISMA
Business School in Hannover with its affiliation to
Purdue University (USA) which was ranked among
the top ten programs in “The Wall Street Journal”. As
I enjoy learning, the concise program format with a
duration of 11 months was just right for me.
Looking back at my time at GISMA Business School I
like to remember the enthusiasm and motivation of
the professors. It was also great to experience that
the teamwork always was successful – although the
tasks were very demanding sometimes, we always
found a first class solution. Regarding my class mates
I have met many interesting people from all over the
world I am still in touch with.
While studying at GISMA I experienced for the first
time what it is like to merge in the work you are
doing. You forget time when doing exactly what
you want to. It’s great to think that you can solve any
problem.
The course material is still useful – when looking for
answers in my job today I still look it up in the GISMA-
folders. To future GISMA students I recommend
taking part in one of the consulting projects. It
provides you with practical experience and your own
valuable network.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Specialisation by Function:
Change Management
Entrepreneurship
General Management
Innovation / Knowledge
Management
International Management /
Business
Leadership
Operations Management
Organisational Behavior
Personal Development
Strategic Management
Full Time Course Information
Start Dates:
August
Programme Duration:
11 months
Tuition Fee:
EURO (€) 33000 / Total Program
Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score
: 220
Min. TOEFL Paper Based Score : 550
Min. IELTS : 6.5
Min. Years of Work Experience : 1
Application Fee :
USD ($) 60
Part Time Course Information
Start Dates :
January
Programme Duration :
24 months
Tuition Fee :
EURO (€) 28000 / Total Program
Cost
Executive Course Information
Start Dates:
March
Programme Duration :
22 months
Tuition Fee :
EURO (€) 52500 / Total Program
Cost
Contact:
Monika Bär
Recruitment Manager
GISMA Business School
Goethestrasse 18
30169 Hannover
Germany
Tel: +49(511)54609 29
Fax: +49(511)54609 54
Email: info@gisma.com
Web: www.gisma.com
TopMBA Career Guide Spring/Summer 2012 117
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Student Profile
HEC MBA Program
The HEC MBA program offers participants the
unique and valuable experience of being immersed
in a student body of highly diverse academic
and professional backgrounds. Teamed with
exceptionally talented peers from over 50 countries,
participants push each other to achieve, to realize
their full potential and ultimately to develop and
sharpen their leadership skills.
In addition to the full-time 16 month MBA, the part-
time MBA (one week per month over 24 months)
offers participants a unique opportunity to enhance
their knowledge base, maximize their leadership
potential, and expand their corporate network, while
maintaining a balance between their personal and
professional lives.
ACADEMIC EXCELLENCE
The program is divided into two phases. During
the fundamental phase participants develop
comprehensive management knowledge and
techniques in 11 core subjects including economics,
finance, marketing, organizational behavior and
ethics.
In the customized phase, full-time participants
concentrate on one of five subject areas, or carry
out an international exchange. They also select from
a range of electives, or gain corporate exposure
through an individual or group fieldwork project.
Additionally we have 12 double
degree programs available with
partner schools around the world.
Part-time participants choose from
a range of electives, and carry out
a consulting project to put their
technical training into practice,
making a meaningful impact on
real organizations. International
experience is gained through a
mandatory exchange with the
Indian Institute of Management in
Bangalore, and some participants
go on exchange to UCLA. In place
of electives, participants can opt
to carry out a Major with HEC Paris
Executive Education, in a range of
subjects such as Luxury, and Aerospace and Aviation.
MBA AMBITION
Leadership is a transformative process enhanced
through hands-on, practical experience and
experiential learning initiatives: integrated into our
curriculum are seminars and student-run events.
For example, the MBA sports Tournament is a
participant-run event in which HEC MBA participants
not only organize but compete as they welcome
around 1500 MBAs from some of the best business
schools in Europe. Another example is the Situational
Leadership Seminar, which exercises participant’s
leadership skills during a stay at St Cyr military
training camp as they learn to manage their teams.
PROFESSIONAL DEVELOPMENT
The HEC MBA Career Management Center offers
training in adapting job search skills to differing
geographies. Participants receive customized job-
search advice from consultants, coaches, peers and
from our alumni network of over 44,000. We provide
individual coaching and counseling to help smooth
navigation through the program and, ultimately,
pave the way to a fulfilling professional life. The
careers approach is customized to the individual,
whether the aim is to advance in their current career
path or to make a radical career change.
When my consulting company
proposed to finance my MBA,
I thought that it would be an
interesting experience that
would satisfy my interest in
many sectors. But my first
months at HEC have showed
me that my expectations were
actually too low.
An MBA is a life changing experience, giving you the
opportunity to change your outlook on the world
and your career. During my MBA at HEC, I have
already interacted with internationally recognized
and passionate teachers, enthusiastic and
enriching participants, and alumni who contribute
in broadening and strengthening my business
knowledge and confidence.
The HEC MBA is giving me the chance to progress
by learning from the diversity of its unique multi-
cultural environment. The study group experience is
developing my teamwork and leadership skills, and
the interaction with the best worldwide participants
will definitely strengthen my ability to communicate,
share ideas and adapt.
I chose the HEC MBA because it emphasizes personal
engagement from participants. Our opinion and
actions are valued by the school. This importance
given to each individual – allowed by the size of the
intake – enables each of us to be active members
of the program and eases the creation of genuine
and sustainable friendship among my peers. My
involvement in MBA clubs allows me to enlarge my
professional network. After only a few months, I
am already convinced that the learning experience
at HEC Paris will be the best path to reach both
personal and professional goals.
Maxime Videmann, Class of 2013
Programme Type:
Full Time MBA
Part Time MBA
Joint Degree Programmes
Offered:
MBA + MA
MBA + MBA, MBA + MSc
Specialisation by Function:
Accountancy & Financial
Change Management
Decision Theory
Economics
Ethics
Entrepreneurship
Finance
General Management
Human Resource Management
Innovation / Knowledge
Management
International Management /
Business
Leadership
Marketing
Operations Management
Organisational Behavior
Personal Development
Project Management
Purchasing Management
Risk Management
Strategic Management
Supply Chain Management
Sustainable Business
Specialisation by Industry:
Banking / Financial Services
Consulting
Energy
Environment
FMCG - Fast Moving Consumer
Goods
Government
Luxury
Non - Profit Organisation
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates: January &
September
Program Duration: 16 months
Full Time Tuition Fee: 48000 €
Part Time Course Information
Start Dates: January
Program Duration: 24 months
Part Time Tuition Fee: 48000 €
Entry Requirements:
Average Full Time GMAT: 690
Min TOEFL: 100 (IBT); 250 (CBT);
600 (PBT)
Min. IELTS : 6.5
Min PTE: 72
Min TOEIC: 850
Min. Years of Work Experience : 3
Application Fee :
130 EUR
Contact:
Philippe Oster, Communications,
Development and Admissions Director
HEC MBA Program
1 rue de la Libération
Jouy-en-Josas
F-78351 CEDEX
France
Tel: +33 (1) 39 67 95 46
+33 (1) 39 67 73 83
Fax: +33 (1) 39 67 74 65
Email: admissionmba@hec.fr
Web: www.mba.hec.edu
118 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Henley Business School
THE HENLEY MBA
Business thinking with purpose
We believe that knowledge only becomes powerful
when it has a purpose. At Henley we seek to not only
provide you with the technical skills that will enable
you to perform more effectively in your role, but
also to engage in intelligent conversations that will
enrich your outlook and actions. Our emphasis is on
personal development, and responsible business
practices.
As well as your purpose in business, a Henley MBA
helps you discover your own true purpose – and
provides you with new energy and focus to take
greater control and achieve meaningful outcomes.
THE HENLEY EXPERIENCE
The Henley MBA is rigorously structured to deliver
a highly-effective mix of modules and toolkits
combined with personal development and an
understanding of the ethical and social impact of
business. It will provide you with an integrated and
holistic approach to business that is unique.
Learning together
Henley is a pioneer of the syndicated learning
method. Our faculty work in small classes, facilitating
discussions on issues to promote a free-flowing
exchange of thinking. You bring your experience
and ideas. We bring global business management
knowledge and cutting-edge concepts. Together
we work to apply these in your world. This intimate
environment creates a ‘crucible of learning’ where
real-life practices become academic theory that
drives our world-leading business research.
Personal development
Personal development is woven through all stages
of the Henley MBA. By working with subject
tutors, personal tutors and your peers, you will
acquire greater self-awareness and a resilience that
empowers you to act decisively and collaboratively,
drawing on your own and your colleagues’ strengths.
Space to think
Our Greenlands campus enjoys a stunning location
on the banks of the River Thames in Oxfordshire,
among 30 acres of beautiful parkland. The
environment is perfect for quiet reflection as well as
stimulating debate.
A triple accredited, truly global school
The Henley MBA is recognised worldwide as
one of the leading business and management
qualifications. We are in the top 1% of global business
schools with triple accreditation from UK, European
and US accreditation bodies (AMBA, EQUIS, AACSB).
We are a truly global business school, with offices in
Hong Kong, South Africa, Finland and Germany. We
have an active network of 30,000 alumni in senior
management positions in 141 countries.
Discover more
The Henley MBA is an intense and rewarding
experience. Challenging. Stimulating. Relevant. And,
in many instances, life changing.
Discover more about yourself, more about business,
and more about the positive impact better business
practices can make in the world today.
Helen Westby is currently studying the Henley
Executive MBA. Helen works for BMW (UK) Ltd as a
Business Development Manager.
I wanted to embark on an MBA for a number of
years but just hadn’t taken that leap of faith into the
“unknown”.
I had concerns about going back into an education
setting and wondered if I would have enough to
offer in a group-learning environment. As soon
as I attended a Starter Workshop these concerns
disappeared and I knew the Henley Executive MBA
was for me.
The breadth and depth of roles within the cohort is
vast and I know this journey will be more fulfilling
than I could ever have imagined. I will also have the
added benefit of increasing my network with some
amazing people across a whole array of industries.
If you are looking for an MBA that will allow you to
be yourself whilst growing and developing as an
individual, then Henley is the best choice that you
can make. The facility at Greenlands allows you
to detach yourself from the business of the world
outside and really concentrate on your learning,
whilst allowing time to reflect.
Programme Type:
Full-time MBA
Part-time MBA
Distance Learning MBA
Executive MBA
Entry Requirements:
Min GMAT Score: N/A
Min. TOEFL Computer Based Score: 100
Min. TOEFL Paper Based Score: 600
Min. IELTS: 7
Min Years of work experience: 5
Start dates:
September / October
Tuition Fees:
From £25,000 - £39,950 (depending on mode of study chosen)
2012 - New MBA programmes will be available, see website
for details
Contact:
MBA Office
Henley Business School
Greenlands
Henley on Thames, Oxfordshire
RG9 3AU
UK
Tel: +44 (0) 1491 418803
Fax: +44 (0) 1491 418899
Email: mba@henley.com
Web: www.henley.com/mba
TopMBA Career Guide Spring/Summer 2012 119
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Student Profile
IE Business School
Madrid’s IE Business School is one of the world’s
leading higher education institutions. A
pioneer in business education, IE educates
tomorrow’s business leaders with
an entrepreneurial spirit which
is inherent throughout our
institution. As we were founded
by entrepreneurs in 1973,
we value the importance of
creating and promoting
new business ideas.
IE Business School offers
full-time and part-
time formats. The MBA
programs, including the
International MBA, Global
MBA, Global Executive MBA
and IE Brown Executive MBA -
have been met with worldwide
acclaim, featuring highly in the
Bloomberg Businessweek, Forbes,
FT and Economist business school
rankings. Although IE’s MBAs differ
according to class profile, they are united in
IE’s commitment to entrepreneurship, diversity
and innovation.
Complimenting IE’s extensive portfolio of Master
degree programs, the Executive Education division
offers training courses for executives through
its seminars, conferences, forums, corporate
training programs and consulting,
building on IE’s commitment to
providing outstanding education
and training across the various
phases of your career.
The IE campus is based in the
centre of Madrid and allows
students the opportunity
to experience everything
this great city has to offer.
Madrid boasts a long list of
museums, parks and gardens;
palaces, modern and historic
architecture, as well as having a
great nightlife and being a
very modern and friendly city.
In addition, with more than 80
nationalities represented on campus at
any given time, the IE Experience is a truly
international one.
Visit us on the web at www.ie.edu/business
Programme Type:
International MBA (Full-time)
Global MBA (Blended)
Global Executive MBA (Blended)
IE Brown Executive MBA (Blended)
International MBA (Full-time) Information
Start Dates:
April
November
Programme Duration:
13 months
Tuition Fee:
EURO (€) 59,200 / Total Program Cost
Application Fee :
EURO (€) 120
Global MBA (Blended) Information
Start dates:
March
October
Programme duration:
15 months
Tuition Fee:
EURO (€) 43,200 / Total Program Cost
MBA Entry Requirements:
Min. TOEFL Computer Based Score : 100
Min. Years of Work Experience : 3
IE Admissions Test, GMAT or GRE
Global Executive MBA (Blended) Information
Start dates:
June
November
Programme duration:
13 months
Tuition Fee:
EURO (€) 64,200 / Total Program Cost
IE Brown Executive MBA (Blended)
Information
Start dates:
March
Programme duration:
15 months
Tuition Fee:
102,000 USD / Total Program Cost
EMBA Entry Requirements
Min. Years of Work Experience : 10
Min. Years of Managerial Experience : 3
Contact:
Admissions Department
IE Business School
11 Maria de Molina
Madrid
28006
Spain
IMBA contact:
admissions@ie.edu
GMBA / GXMBA / IEBEXMBA:
blended.programs@ie.edu
IE Business School’s students are characterized by their diversity and commitment to entrepreneurship. Every year, we welcome students from more than 90
countries around the world, each bringing their own experience and opinions, enabling stimulating debates on the IE campus. In addition, as IE was founded by
entrepreneurs, we look for students who want to drive change either within their organizations or through their own ventures.
*Blended – Combines Face-to-face and Online interactive periods
Here is a brief breakdown of the most recent graduates from each program:
Programme Avg. Age Avg. Work Exp. % Women % International Sectors
International MBA (Full-time) 29 5.2 33 89
Financial services, Consumer goods, Consulting, I.T, Telecommunications among
others.
Global MBA* 31 6.5 25 85 Media, Technology, Marketing, Consulting and Finance among others.
Global Executive MBA* 36 13 32 94
High tech/Telecommunications, Industry/energy construction, Investment banking,
Stock-broking among others.
IE Brown Executive MBA* 37 14 40 95 Telecomms / High tech, Education, Finance, Investment & Banking, Communications
120 TopMBA Career Guide Spring/Summer 2012
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Student Profile
IESE Business School
University of Navarra
A few years ago IESE decided to expand its MBA
intake from 215 to 280 students per year, as a
respond to the increasing number of applications
and overall interest in the school’s flagship program.
With students from more than 60 countries, an
extensive network of international corporate
connections and academic partnerships with many
of the world’s leading business schools, IESE is a
school of extraordinary global reach. With campuses
in Barcelona, Madrid, a centre in New York City
and offices in Munich, São Paulo and Warsaw, the
school’s alumni work for major corporations and
new business ventures in over 100 countries.
Goals of the MBA Program:
The IESE MBA is an academically rigorous, 19 month
program with a general management orientation.
It seeks to develop sound business judgement,
the ability to work effectively in a variety of cultural
contexts, and the knowledge, skills and attitudes
for on-going professional success in the field of
international business. This year the school has
introduced a number of innovative electives which
will take place at IESE’s recently opened New York
centre, São Paulo or Shanghai. Through these courses,
students will get the opportunity to hone their
management skills at the heart of the most exciting
and thriving cities in the world.
Mission: Our mission is to transform business
through management education and leadership
development, creating a better world by creating
better leaders.
Why a Bilingual MBA?
The MBA program is taught in English and includes
Spanish-language instruction throughout the first
year (Spanish is not required for admission.) During
the second year, students have the option of taking
electives taught in Spanish. The program is bilingual
in order to help students master the ability to
acquire foreign language competency even while
maintaining heavy work loads. This is a capability
MBAs will need throughout their professional lives
as international managers.
Admissions:
IESE seeks students with strong academic records,
substantial and substantive previous work
experience, leadership qualities, and the ability to
speak at least one foreign language fluently. On
average, current IESE MBA’s are 27years old, have 4
years of post-graduate work experience and a GMAT
score of 680.

IESE in Recent Rankings:
IESE ranks among the world’s top 10 Programs
according to the most recent survey of global
schools conducted by the Financial Times, Business
Week, Economist Intelligence Unit and Forbes.
MBA Career Services:
MBA Career Services maintains excellent working
relations with major corporations and new business
ventures throughout Europe, and North and South
America. Some 50 leading firms attend IESE’s annual
MBA Career Forum and around 350 companies recruit
for IESE MBAs each year. Some 93% of students find
their first job three months after graduation through
Career Services.
Recruiting Companies (partial list):
Accenture, A.T. Kearney, Barclays Capital, BASF, Bayer
AG, Boston Consulting Group, British Petroleum,
Citibank, Deutsche Bank, Eli Lilly, Ford, Goldman
Sachs, Johnson & Johnson, JP Morgan Chase, Lehman
Brothers, McKinsey & Co., Merrill Lynch, Morgan
Stanley, Roche, Roland Berger, Sara Lee, UBS Warburg.
Faculty:
IESE’s full time faculty have earned Ph.D.’s from some
of the world’s most prestigious business schools and
contribute their research and writings to publications
and books published around the world. They also
work as consultants to many of the world’s leading
companies. This ongoing research and relationship
with corporate clients makes IESE one of the biggest
business case publisher´s in the world; its cases are
taught in leading universities throughout the globe.
Barcelona:
IESE occupies a verdant campus with sweeping views
of the Mediterranean and the Barcelona skyline. The
city and surrounding countryside offer unparalleled
opportunities for business and recreation.
“Choosing IESE was the best choice I could have made
in an MBA program. Small class sizes allows you to really
know your classmates and professors. You have the
freedom to participate in competitions or get involved
in organizing events with companies. IESE fosters a
culture of cooperation and promotes excellence.”
Michael Dallala MBA’11, Canada
I came to IESE hoping that two years of hard work would
help me find a new direction in my life and career. My
expectations have been well and truly exceeded: I have
become not only an MBA graduate but a husband, a
father, a consultant and member of the IESE community.
I value this community not only for the step they have
helped me take but for the support and guidance we
share together in each future step we take.
Iain Morgan MBA’11, South Africa
My experience at IESE Business School has been
more than fulfilling. For me, IESE is the proverbial
melting pot where 60 different nationalities combine
together to create a diverse, multi-cultural & multi-
lingual cocktail of learning, experience sharing
and networking. The ability to have a network and
friends across the world and to explore & understand
different cultural and business perspectives is both
personally and professionally enriching.
Salone Sehgal MBA’11, India
Programme Type:
Full Time MBA
Global Executive MBA Program
Specialisation by Function:
General Management
Ethics. entrepreneurship,
communications
Specialisation by Industry:
Banking / Financial Services
Consulting
IT / Telecommunications
Pharmaceutical / Bio-Medical
Real Estate
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
September
Programme Duration:
19 months
Tuition Fee:
EURO (€) 68.700 / Total Program
Cost
Entry Requirements:
Min. GMAT Score: 620
Min. TOEFL Internet Based Score:
100
Min. Years of Work Experience: 2
Application Fee :
USD ($) 130
Global Executive MBA Program
Course Information
Start Dates:
May
August
Programme Duration :
17 months
Tuition Fee :
EURO (€) 92.000 / Total Program
Cost
Contact:
MBA Admissions
IESE Business School
University of Navarra,
21 Avenida Pearson
Barcelona
08034
Spain
Tel: +34 93 253 42 00
Fax: +34 93 253 43 43
Email: mbainfo@iese.edu
Web:
Full Time: www.mba.iese.edu
Global: www.iese.edu/globalemba
TopMBA Career Guide Spring/Summer 2012 121
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Student Profile
Lancaster University Management School
A Reputation for Action
Since its inception in 1989 the Lancaster MBA
has kept action and engagement with real world
business and management issues at the heart of
its programme. There are three practical elements
based on work with organisations varying greatly in
length and focus. All three will look great on your cv
as evidence of real hands on ability.

New Venture Challenge
Student teams spend the first term working
with clients sourced by LUMS’s Department for
Entrepreneurship and Enterprise Development
who are preparing for start ups or new business
developments. Students help them draw up
marketing and business plans.

Consultancy Challenge
Each team is dropped into a consultancy situation
and learns the capacity to be immediately effective
in supporting and leading change. Don’t worry,
we prepare you with customised modules which
develop your skills.

Summer project
You will expand your consultancy skills by
undertaking a group client project. In addition you
will produce an extended individual assignment
reflecting on management theories in practice,
drawing on your consulting experiences during the
programme.

Mindful Manager
Right from the first day of the programme we
balance academic learning and personal and
professional development through our Mindful
Manager thread. This explores what management
is really about and packs in lots of personal
development opportunities based on experiential
learning. We use the academic learning on the
programme as the basis for helping you to learn
how to manage yourself and how to work in
teams.

Why Lancaster University Management School?
Accreditation and reputation
The School is accredited by AACSB, the leading
business school accreditation organisation, EQUIS,
the top European quality mark for European Schools
and AMBA, the top British quality mark.
The Lancaster MBA is consistently ranked by the FT
and Forbes among the top 50 MBAs in the world.
The Lancaster experience
The Lancaster MBA emphasises the process of
learning as much as the content. You will spend
much of your time learning in teams that will
develop collaborative and leadership skills essential
in management.

There will be over twenty nationalities in the
classroom. You will learn about cultural difference
and how to capitalise on its diversity in work, social
and sporting contexts. We have an international
reputation that also attracts faculty from across the
world.

Our campus is safe, beautifully located with views of
mountains and sea, yet only an hour from the bright
lights, nightlife and world class soccer of Manchester
and Liverpool. Most students can live on campus and
walk to the classroom in five minutes.

The MBA Programme has a dedicated Career
Development and Alumni Services Manager who
provides personal counselling and arranges special
events and workshops to help you make the right
career decisions for your future employment. We
keep in touch after you leave, support networking
opportunities and are your link with current
programme participants.
Before joining the MBA Michael
Hass was a management
consultant at Ernst & Young in
Germany.
“I chose the Lancaster MBA as I
felt that its rigorous academic
programme, combined with practical projects, was
exactly the combination I was looking for. I also liked
the fact that it offered me the opportunity to work in
a truly international environment.
In particular Lancaster’s action leaning approach
has helped me to understand that there is often
more than one appropriate way to look at issues,
understand and resolve them. Working and
studying with a variety of excellent people, from
different backgrounds, also made me become more
openminded and people-oriented.
The New Venture Challenge and Consultancy
Challenge projects made me realise that I really
enjoyed consulting for smaller companies as the
impact of the recommendations made can be seen
much more quickly than in larger organisations.
My summer project was with PricewaterhouseCoopers
in Leeds where we undertook a survey on the
development of small and medium-sized businesses
in the north of the UK. This was a superb finish to my
MBA as it combined my fascination for small firms
with my background in management consultancy.”
After completing his MBA, Michael joined Ernst &
Young’s business modelling – decision support team
in London as a senior consultant.
“I firmly believe that pursuing the Lancaster MBA
has put me into a better position to manage such
complex projects and to handle them with greater
confidence.”
Programme Type:
Full Time MBA
Executive MBA
Specialisation by Function:
Accountancy & Financial
Brand Management
Change Management
Decision Science
Entrepreneurship
General Management
Leadership
Marketing
Operations Management
Project Management
Strategic Management
Full Time Course Information
Start Dates:
October
Programme Duration:
12 months
Tuition Fee:
GBP (£) 26000 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 600
Min. TOEFL Computer Based Score : 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 3
Application Fee :
GBP (£) 0
Executive Course Information
Start Dates:
October
Programme Duration :
24 months
Tuition Fee :
GBP (£) 19500 / Total Program Cost
Contact:
June Jacklin
Faculty Admissions Co-ordinator
Lancaster University Management School
Lancaster University
Lancaster, Lancs
LA1 4YX
United Kingdom
Tel: +44 (1524) 510732
Fax: +44 (1524) 510739
Email: mba@lancaster.ac.uk
Web: www.lums.lancs.ac.uk/mba
122 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Leeds Business School
In 2012 Leeds Business School celebrates over 85
years of delivering professional business education.
From our roots in the city of Leeds, our work today
has worldwide influence with graduates contributing
to global business success in every continent of the
world.
During the past 85 years we have inspired and
supported thousands of people to unlock their
potential and become global leaders in business,
both in the UK and internationally, by transforming
knowledge into action. Today nearly 6,000 people
each year are redefining their futures by studying
and working with us.
Leeds Business School has a strong international
focus, welcoming students from over 40 countries.
Our multi award winning home for Leeds Business
School, the Rose Bowl, opened in 2009 in the centre
of Leeds.
Our courses are delivered across the world through
international partnerships such as with the Academy
of Finance in Vietnam, the Sino-British College in
Shanghai, the Vocational Training College of Hong
Kong and the Polytechnic of Namibia.
Our students gain paid work experience through
a placement year with major employers such as
Panasonic, General Motors, Disney and Morrisons
through our student placements scheme.
We work closely with business and the professions to
ensure the relevance of our programmes and boast
a graduate employability rate of 92%, indicating the
value to employers of Business & Law graduates.
Our alumni operate in management positions
on every continent and in 94 countries across
the globe. Their positions range from Executive
Chairman to Group Finance Manager, from National
Sales Manager to District Judge – amongst many
others. Our alumni work for many global FTSE 100
companies and global corporations including Coca-
Cola Enterprises Group, Price Waterhouse Coopers,
Mars International, Alibaba, Rolls Royce plc and the
Royal Bank of Scotland.
Key research initiatives include a project for the
British Council, working on employability and
entrepreneurship with international partners in
Leeds’ twin city Hangzhou, China.
We are proud of our track record of inspiring
professional success and look forward to working
with you.
Adnan Ashraf, 22 from Kashmir, India is
currently studying on our MBA (Graduate).
Adnan comments, “I would definitely recommend
this course to all my friends. This is not just an MBA
but is a complete personality enhancing course.
The professors are among the best in the UK and
the way this course has been designed is fantastic.
It has helped me in my overall development as an
individual and in my career development.
“Before coming here I was not sure what I wanted
to be, but now I am very clear of what I have to do.
It has given my career a direction. I now know my
strengths and weaknesses and it has made me more
confident about whatever I am doing. Overall my life
has taken a new direction after coming here.”
Jaspreet Singh, 24 from New Delhi worked for Dell
in India for thirteen months as a Technical Support
Associative before starting our Graduate MBA and
also worked for ICICI Bank as Senior Executive Officer
(Operations) for six months.
He says, “The best thing about my course is that it is
very practical and up to date with what is happening
in the business world at present. Moreover,
interaction with my international classmates helps
me in understanding what is happening in other
parts of the world’s economy too. This course has
helped me to understand global business and also
learn different skills to be a successful manager.”
Programme Type:
MBA (Graduate) - full-time
MBA (Executive) - part-time and
full-time
MBA (Executive) E-learning -
part-time
Specialisation by Function:
Accounting
Corporate Governance
Economics
Engineering Business
Entrepreneurship
Finance
Health Care Management
Human Resource Management
Information Management
International Management /
Business
IT Management
Logistics
Marketing
Operations Management
Public Relations Management
Sports Management
Supply Chain Management
Full Time Course Information
Start Dates:
January, May, September
Programme Duration:
12 months
Tuition Fee:
For Campus based GBP £13,500
(£1000 scholarship available) for
International applicants; UK/EU:
£12,500 (for September 2012 entry a
£1500 scholarship is available for all
new full-time UK/EU students); For
Online applicants GBP £11,000 for 2
year programme (£5,500 per year).
Entry Requirements:
Min. GMAT Score: N/A
Min. TOEFL Computer Based Score: 213
Min. TOEFL Paper Based Score: 550
TOEFL Internet Based Score: 79
Min. IELTS 6.0 with no skill under 5.5
Min years of managerial
experience: 2 years for MBA
(Executive); Under 2 years for MBA
(Graduate)
Application Fee:
USD ($) 0
Part Time Course Information
Start Dates:
January, September
Programme Duration:
24 months
Tuition Fee:
For Campus based GBP £13,500
(£1000 scholarship available) for
International applicants; UK/EU:
£12,500 (for September 2012 entry
a £1500 scholarship, pro-rata,
for all new UK/EU students); For
Online applicants GBP £11,000
for 2 year programme (£5,500
per year).
Entry Requirements:
Min. GMAT Score: N/A
Min. TOEFL Computer Based
Score: 213
Min. TOEFL Paper Based Score : 550
TOEFL Internet Based Score: 79
Min. IELTS 6.0 with no skill under 5.5
Min. Years of Work Experience: 2
years for MBA (Executive) and MBA
(Executive) E-learning
Contact:
Dr. Maria Jemicz
MBA Programme Director
Leeds Business School
The Rose Bowl
Portland Cresent
Leeds, Yorkhsire
LS1 3ED
United Kingdom
Tel: +44 0113 812 6556
Email: fblcourses@leedsmet.ac.uk
Web: www.leedsmet.ac.uk/fbl/
MBA_and_executive_MBA.htm
124 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Leeds University Business School
Are you looking to accelerate your career or enhance
your entrepreneurial skills? Do you want to build a
professional network of practitioners, alumni and
peers from across the globe? Do you take your career
development as seriously as we do? Then choose the
Leeds MBA.
A LEADING BUSINESS SCHOOL
Leeds University Business School is ranked in the
world’s top 100 business schools (The Economist
‘Which MBA?’ 2010 and Financial
Times Global MBA Rankings 2011)
and has both EQUIS and AMBA
accreditation. This combination
means a degree from Leeds is
both recognized and sought after
by employers worldwide.
OUR MBA PROGRAMMES
The Leeds MBA programme
brings together the fundamentals
of business management in
ten core modules providing
you with a solid foundation in
management and leadership. Your choice of three
optional modules allows you to customise your MBA
in line with your own interests and career goals.
We encourage you to develop your knowledge and
links with the corporate world through our business
speaker events, international study tours and group
challenges. The capstone is your final MBA project –
this can be a consultancy project for an organisation,
an entrepreneurial-type project relating to a new
business venture or a research dissertation. Here
you can link your academic studies to your personal
and career aspirations.
YOUR CAREER
Our dedicated Global Talent Centre supports you
throughout your MBA and beyond. We recognise
you are an individual with your own aspirations
and goals, and we take a unique person-centred
approach – integrating our MBA Career Wise
Programme into your MBA from day one. Individually
tailored, our experts work with you to create your
own personal development plan and identify your
key career development skills and prepare you for
the global job market.
You can access an invaluable professional network
once you have graduated. With over 10,000 alumni
worldwide, our alumni team help you keep in touch
with news, careers information, and events both in
the UK and overseas.
Programme Type:
Full Time MBA
Executive MBA
Specialisation by Function:
Accountancy
Change Management
Decision Science
E-Commerce / Business
Economics
Entrepreneurship
Finance
General Management
Human Resource Management
Information Management
Innovation / Knowledge
Management
International Management /
Business
Leadership
Marketing
Operations Management
Organisational Behavior
Personal Development
Strategic Management
Information Systems
Specialisation by Industry:
Automotive
Banking / Financial Services
Construction
Consulting
Education
Environment
FMCG - Fast Moving Consumer
Goods
Government
Hospitality
IT / Telecommunications
Media & Entertainment
Non - Profit Organisation
Oil & Gas
Pharmaceutical / Bio-Medical
Print Media
Public Sector
Publishing
Real Estate
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
GBP (£) 20500 / Per Year
Entry Requirements:
Min. GMAT Score : 600
Min. TOEFL Computer Based Score
: 240
Min. TOEFL Paper Based Score : 580
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Application Fee :
GBP (£) 0
Executive Course Information
Start Dates:
October
Programme Duration :
24 months
Tuition Fee :
GBP (£) 17000 / Total Program Cost
Contact:
Penny Moon
MBA Admissions Offi cer
Leeds University Business School
Maurice Keyworth Building
The University of Leeds
Leeds, West Yorkshire
LS2 9JT
United Kingdom
Tel: +44 (0)113 343 2610
Fax: +44 (0)113 343 4355
Email: mba@lubs.leeds.ac.uk
Web: business.leeds.ac.uk/the-
leeds-mba
Name: Amit Pandey
Nationality: India
Programme: MBA 2008
Employer: Lloyds Banking
Group (UK)
With a first degree in
Mechanical Engineering,
and experience working
in the engineering, construction and software
development sectors, Amit decided that studying for
an MBA would be ideal to pull together his strands
of expertise and help him make the transition from
technical specialist to manager. “I aspired to learn
more about strategy making and functions like
marketing and finance, which traditionally engineers
don’t see as essential,”
Now employed as a Business Project Manager for
Lloyds Banking Group plc, Amit now develops
operational improvement strategies to help his
company during the global slowdown by improving
its business performance. “The MBA helped me take
a ‘bird’s eye’ perspective and a macro view of an issue
and think strategically. This experience will go a long
way to helping me work in any sector and industry,”
he says.
Coming from India, Amit’s previous experience
of working with a US-based firm enabled him
to appreciate the cultural differences he would
encounter when studying in the UK: “I already
understood some of the cultural changes I would be
facing and during our induction week we had a good
session on change management and how to handle
it,” he says. “The tutors and staff are well trained in
helping overseas students and the multi-cultural
atmosphere really adds to the enjoyment.”
A highlight of Amit’s time at Leeds came when he
represented LUBS at the Interstate Programme
for MBA students in Brussels, where he worked
alongside counterparts from other international
business schools: “I learnt a lot by exchanging
viewpoints with my peers and listening to leading
political and business figures at the event,” he says.
Amit can see the long-term benefits of his experience
at LUBS: “The network you build stays with you for
life. You study with future CEOs and business leaders
representing various parts of the globe, which can
only help in your future career.”
The mission of the LUISS Business School is to provide
candidates with a complete managerial education
experience in general management, aviation
management or corporate fnance. Our programs confer
to the participants a general curriculum as well as the
opportunity to achieve business or functional
specialization and an international outlook. Focusing on
business key issues, we provide tools and knowledge for
business, which cross organizations, industrial sectors
and geographic areas, empowering people to have a
direct impact on companies performance. Besides the
expertise in their academic felds, our lecturers are
active professionals inside main Italian and international
companies and institutions as researchers, consultants or
members of boards of directors.
Our catalogue includes:
r MBA International
r MBA Bilingual (in Italian and English)
r Aviation MBA - AMBA
r Master in Corporate Finance - MaCoFin
Our Masters are postgraduate courses for candidates
that, from all academic backgrounds with sound
professional experience, wish to acquire better
qualifcations in order to launch their careers. Those
programs have an international outlook both in
recruiting course members and establishing curriculum,
and offer to their best and motivated students the
opportunity to complete the master in a qualifed
international Business School, within the framework of
exchange partnerships established between LUISS and
some of the leading international universities.
Our courses are completed by:
r EXERCISES, WORK GROUPS and LABORATORIES:
which are carried out primarily as case studies and PC
simulations
r SEMINARS and CONFERENCES: given by leading
management and economics professor and highly
qualifed professionals
r FIELD/PROJECT WORK: during the fnal months of the
programs, participants work directly with companies
or top-management institutions in order to carry out
projects in functional or entrepreneurial areas
What are we looking for?
r Sound professional experience
r International and intercultural sensibility
r High potential in developing managerial competencies
r Ability to actively contribute to the MBA class
experience
r Excellent academic background
We target outstanding candidates from different academic
and professional backgrounds and who would like to
enrich their business knowledge.
The masters aim in particular at international oriented
profles, coming from all over the world.
Programme types:
rMBA International
rMBA Bilingual
rAviation MBA (AMBA)
rMaster in Corporate Finance
(MaCoFin)
Specialisation by function:
General Management
Aviation Management
Corporate Finance
Duration:
MBA: 17 months
AMBA 12 months
MaCoFin: 12 months
Tuition Fees
rMBA: €20.000 (VAT included)
rAMBA: €16.000 (VAT
excluded)
rMaCoFin: €15.000 (VAT
excluded)
Contact:
International Area
Viale Pola, 12
00198 Rome, Italy
Tel: +39 (06) 85 222 306
Fax: +39 (06) 85 222 308
E-mail: imba@luiss.it
mba@luiss.it
aviation@luiss.it
macofn@luiss.it
Web: www.mba.luiss.it/
mba_master
Admission Requirements
A Bachelor is minimum requirement for our masters.
Admission is mainly based on academic record,
professional experience and personal motivation.
Furthermore, applicants have to present the results
of a completed GMAT and TOEFL test or, alternatively,
pass the LUISS Selection test.
Costs
Tuition Fees
r MBA: €20.000 (VAT included)
r AMBA: €16.000 (VAT excluded)
r MaCoFin: €15.000 (VAT excluded)
Some scholarships are provided by companies
and institutions
Timelines
Selections: ongoing
Start of the Programmes: November 2012
Location
Attracting visitors from all over thanks to its historic
and artistic wonders, Rome is not only a cultural centre
of world renown. It is also a vital hub in the network of
economic and commercial arteries linking both the North
and South of Italy as well as the Mediterranean area with
the rest of the world. With its extensively developed and
highly effcient infrastructure, this Mediterranean capital
serves as a link between old and new markets.
Conveniently located in the city centre, a stone’s throw
from one of the city’s most beautiful parks and easily
reachable by public transport, LUISS Guido Carli is a
university campus where the quality of the setting is on
a par with the services offered. Designed to host world-
class events, and equipped with state-of-the-art teaching
facilities, this is the ideal place for a once-in-a-lifetime
learning experience.
For over thirty years, LUISS Guido Carli has continued
to meet the ever-changing needs of its students. At the
forefront of economic developments, the university
takes pride in strengthening its ties with the national and
international business community.
LUISS Business School - Rome, Italy
MBA, AMBA, and MaCoFin
126 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Manchester Business School
The University of Manchester
If you have the stamina to take it on, the Manchester
MBA can help transform your career and change
your life.
At Manchester Business School we offer a range
of accredited and unique MBA programmes to suit
your career goals and professional situation. The
Manchester MBA is transformational. It marks you
out as academically accomplished and, crucially, able
to apply what you have learned to the workplace to
deliver tangible results immediately.
Full-time MBA Programme
On the Manchester Full-time MBA we ensure you get
a thorough grounding in business theory, and give
you the opportunity to put it into practice from day
one with international projects, live consultancy
work and internships with high profile, multinational
corporations.
Our unique, hands-on approach to learning
gives you more client-facing hours than almost any
other MBA programme – nearly six months’ worth
– so you can test theories immediately in real world
situations and won’t feel completely removed from
the commercial environment.
Take your international experience up a level:
As well as the International Exchange Programme,
benefit from an additional study abroad opportunity
by choosing to take an elective offered on our Global
(Part-time) MBA Programme. You could find yourself
studying alongside professionals on our Part-time
MBA in one of our global centres.
If you have the determination to build your
own networks and develop your own career
opportunities, our dedicated MBA Careers Service
have the contacts, resources and expert guidance to
help you achieve your career goals.
The MBA is the first step of your journey; where you
are at the end is up to you. Who will you become?
Part-time MBA Programmes
The Manchester Global (Part-time) MBA
Programme
Flexible enough to accommodate the demands of
a busy career, the Global MBA combines face-to-
face workshops and online learning with leading
academics, delivered at any of our 7 global centres
in Manchester, Dubai, Singapore, Hong Kong,
Shanghai, Sao Paulo and Miami.
Residential workshops provide a minimum 24
hours of face-to-face contact per course which is
more direct contact than many part-time on campus
programmes.
You can enhance your general management skills
to move up or change career. Or you may want to
progress specifically in finance, engineering, or
project management fields, by selecting a specialist
pathway.
We recognise the importance of career
progression and aim to deliver a careers service
that supports you to achieve your aspirations. Our
Global Career Service is a tailor made career service
specifically for part-time students. The service is
available both through our online student portal
and face-to-face through our global centres. This
blended approach allows students to access the
Global Careers Service wherever they may be in the
world, giving access to worldwide recruiters and job
opportunities.
Global business isn’t just about systems and
processes; it’s about people. Our students are high
achievers at the top of their game: ambitious,
dynamic and diverse. Can you rise to the challenge?
The Manchester Global (Accelerated) MBA
Programme
The Accelerated MBA programme is aimed at
high achievers who are adept at juggling their
professional and personal commitments, and relish
the challenge of fitting concentrated, part-time
study into their busy schedules.
If you can rise to the challenge you will find
yourself among like-minded executives, many of
whom are CEOs, consultants, directors and senior
managers of major global companies, who will
greatly enhance your learning experience.
Siobhan Clarke (Full-time
MBA 2008)
“Three years ago, when I
graduated from my MBA, I had
no idea I would end up where I
am today. The MBA has provided
that foundation of skills and
network to enable infinite personal potential.
From a starting position within the Cisco
European Advisory team, I’m now working with an
APAC wide team in Singapore, focusing on Cisco’s
top 25 global accounts. This has only been possible
through the network developed at MBS in helping
me to understand different sectors and companies,
through the skills in understanding the whole
picture of our customers and the challenges they
face and by using the analytical rigour developed at
MBS to bring new ideas.
The intangible return on investment has far
exceeded my initial ambitions when I started the
MBA”
Brian McCarthy (Global MBA
Accelerated Programme
2007)
“Manchester Business School
has an outstanding reputation
for its analytical and practical
approach, which is fully
reflected in its MBA syllabus. It allowed me to take
intellectually challenging issues and apply them in
the context of my business role.
After graduating, significant opportunities
opened up for me including my promotion to
Managing Director of the Le Masurier Group, where
on a daily basis I apply the skills from my MBA. I
genuinely see an MBA as an essential part of any
management professional’s tool kit.
I found the learning process both rewarding and
stimulating and this fuelled my desire for further
research. As such, I am now undertaking an Executive
Doctorate (DBA) with Manchester Business School”.
Programme Type:
Full-time MBA
Global MBA (Part-time)
Global MBA (Accelerated, Part-time)
Specialisation by Function:
Global MBA (Part-time) learning pathways
Finance
Engineering
Project Management
Full-time Programme Information
Start Dates:
September
Programme Duration:
18 months
Tuition Fee:
GBP (£)37,400 (Total programme cost)
Entry Requirements:
Min. GMAT score: 550
Min. IELTS: 6.5
Min. TOEFL IBT: 90
Min. years of work experience: 3
Application Fee:
GBP (£) 0
Part-time Programme Information:
Start Dates:
January and July
September (Accelerated)
Programme Duration:
36 months
24 months (Accelerated)
Tuition Fee:
GBP (£) 24,255
GBP (£) 27,000 (Accelerated)
Contact
Jenny Gunn – Full-time MBA
Martin Ross – Global (Part-time) MBA
Manchester Business School
The University of Manchester
Manchester Business School West
Booth Street West
Manchester
M15 6PB
United Kingdom
Tel: +44 (0)161 275 6338 (Full-time MBA)
Tel: +44 (0)161 275 7212 (Part-time MBA)
Email: mba@mbs.ac.uk
Web: www.mbs.ac.uk/mba
TopMBA Career Guide Spring/Summer 2012 127
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Student Profile
Mannheim Business School
World-Class Management Education in the
Heart of Europe
Mannheim Business School is the umbrella
organization for management education at the
University of Mannheim and consistently ranked
as the best German business school. It is the only
German institution to be accredited by AACSB
International, AMBA, and EQUIS. Our outstanding
faculty, which includes members from many partner
institutions, ensures that the participants attain
world-class education and the latest management
know-how. Further, the internationality of our
student body, the diversity of our classes , and soft
skill courses strengthen the personal development
of the participants and prepare them for positions in
international top management.
The MBA Programs
Mannheim MBA:
The Mannheim MBA is a 12-month comprehensive
general management program targeted at
international high potentials. “It’s All About You”
is the idea behind the program, which not only
speaks for our customer orientation, but also for
the ability of our students to personally round off
their qualification profile. Our students can choose
between five tracks: The program can be completed
entirely in Mannheim (“German Track”), with a stay
at a prominent North-American or Asian partner
institution (“Transatlantic/Eurasian Track”), or with
up to two terms at top international business schools
(“European/Global Track”). Besides the exchange
options, participants can further customize their
education by selecting one of four streams (Finance
& Accounting; Managing People; Marketing &
Innovation; Strategy & Management), allowing them
to specialize in a particular area. The core courses
cover fundamental management issues, enabling all
participants to build a strong foundation of business
knowledge. Finally, soft skill courses and a social
project are also an integral part of the curriculum.
www.mannheim-mba.com
The ESSEC & MANNHEIM Executive MBA:
This program is the result of a long and successful
co-operation between ESSEC Business School and
Mannheim Business School. The joint Executive MBA
program is offered in a modular and a weekend
format to enable the experienced participants
to align their work, personal and educational
responsibilities. The curriculum ensures the
participants are equipped with the skills required for
leadership positions in multinational corporations.
The participants acquire an integrated and systematic
perspective of European and international business
matters and improve their personal skills through
coaching sessions and by studying with people from
diverse cultural and professional backgrounds. A
class project and an entrepreneurial team project
round off the program, giving the participants the
opportunity to directly apply their skills to real-
world challenges. Both tracks last for 18 months and
include international residencies at reknown partner
institutions in Europe, Asia, and North America.
www.essec-mannheim.com
MANNHEIM & TONGJI Executive MBA:
This Executive MBA program is offered in co-operation
with the School of Economics & Management of
Tongji University, Shanghai. Customized to the
needs of executives with a distinct Sino-German
orientation, the program is organized in a modular
format and can be completed by either fulfilling all
degree requirements, including the Master Project,
en bloc within 18 months, or cumulatively over a
maximum period of five years. Additionally, there is
an open-enrollment option for individuals who only
wish to participate in particular courses or modules.
www.mannheim-tongji.com
Mannheim MBA (Class of 2012)
Class size: 53
Average age: 29
Average work experience: 5 years
Origin:
Europe: 46%
Asia: 13%
Latin America: 11%
North America: 20%
Other: 10%
Mannheim MBA students have at least three years
of professional work experience and extensive
leadership and strategic-thinking qualities.
Moreover, our class is very international, with
participants from different cultural and professional
backgrounds joining our program every year.
The current class has students from more than 20
countries.
True to our principle of lifelong learning, our
participants will have access to several benefits
after graduation, which include alumni contact
information, regional chapters, interest groups,
conferences, networking events, career services, and
selected coaching offers.
Programme Type:
Mannheim MBA (Full-Time)
ESSEC & MANNHEIM Executive MBA
MANNHEIM & TONGJI Executive MBA
Specialisation by Function:
General Management
Leadership
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
EURO (€) 33000 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 600
Min. TOEFL Computer Based Score : 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 3
Application Fee :
EURO (€) 0
Executive Course Information
Start Dates:
April or
October (ESSEC & MANNHEIM EMBA)
Flexible (MANNHEIM & TONGJI EMBA)
Programme Duration :
18 months (ESSEC & MANNHEIM EMBA)
18-60 months (MANNHEIM & TONGJI EMBA)
Tuition Fee :
EURO (€) 44000 - 47000 (ESSEC & MANNHEIM
EMBA) / Total Program Cost
EURO (€) 38000 (MANNHEIM & TONGJI
EMBA) / Total Program Cost
Contact:
Ms. Nilgün Vatansever / Mrs. Stefanie Will,
Admissions Manager EMBA / Full-time MBA
Mannheim Business School
L5, 6
68161 Mannheim
Germany
Tel: + 49 621 181 3721 or 3724
Fax: + 49 621 181 1278
Email: info@mannheim-business-school.com
Web: www.mannheim-business-school.com
128 TopMBA Career Guide Spring/Summer 2012
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Student Profile
MIP Politecnico di Milano
MIP: Where Technology meets management
MIP was established in 1979 as a collaboration
between Politecnico di Milano - one of the leading
technical universities in Europe - and some leading
organizations in Italy. The engineering tradition and
technology leadership of Politecnico di Milano allow
MIP access to up-and-coming technology, to play a
key role in innovation and to be at the forefront of
company growth and technological investment.
As a consortium, MIP enjoys a privileged relationship
with its shareholder companies as well as many
important foreign multinationals. Indeed, such
partnership is evident throughout the MBA
programme through regular collaboration with the
professional community.
Accreditations and rankings
t FT European Business School Rankings 2011:
School of Management ranked number 40, Full-
time MBA ranked 28.
t School of Management is EQUIS accredited
t Espansione 2011: MIP ranked number one business
school in Italy for its extensive company network
and student quality as perceived by recruiters.
Global degrees for a global village
MIP’s full-time MBA is highly international: around
70% of the class is international and Politecnico di
Milano professors are flanked by a vast international
faculty. The program, composed of an 11-month
classroom chapter and a 3-month full-time working
project (Project Work), is aimed at young talents
seeking experience in international markets
and hands-on learning experience. Teaching
methodologies are highly interactive, engaging
participants in company seminars, real business
cases and in-company consulting projects. The focus
is on 4 fundamental elements: analytical approach
to problem solving; innovation and technology;
interpersonal and soft skills; and collaboration
with our wide company network. Participants are
able to attend some modules abroad under the
International Exchange Program held in conjunction
with our partner business schools around the world.
Concentrations in: Finance, Global Business &
Management, Design & Luxury Management,
Entrepreneurship & Innovation and Energy
Management.
MIP’s Career Service is one of a kind. Students are
given the unique opportunity to work alongside
key stakeholders within important organizations,
challenging themselves in real-life business
situations. Activities, such as Organizational Check
Up, Business Plan, Business Game and Project work,
take place throughout the program and are real
consulting projects within companies, consulting
firms or banks. Small class sizes allow personalized
attention and Career Service representatives work
with candidates and organizations to understand
the requirements of each and find the most suitable
matches for in-company projects and placement.
Personal development is key and students receive
assistance throughout the program and recruitment
process in the form of professional personalized
counselling and off-campus activities designed to
enhance soft-skills etc.
Alessandro, Canada – MBA 2010
Sales Planner, Louis Vuitton, Milan, Italy
Anthony, Australia – MBA 2009
Task Manager, the World Bank, Washington DC
Ashutosh, India – MBA 2011
Business Analyst, JP Morgan, London, UK
Habeeb, India – MBA 2011
Associate, PWC, London, UK
Helena, China - MBA 2010
Strategic consultant - fashion & luxury, retail, M&A,
Bain & Company, Milan, Italy
Javier, Peru - MBA 2010
Project Manager for Tech Projects, Yoox Italia, Bologna, Italy
Kiriti, India – MBA 2011
Innovation Manager, Indesit, Italy
Lisa, Italy – MBA 2010
HQ CRM and Category Management, Ermenegildo
Zegna, Florence, Italy
Lysa, USA – MBA 2007
Innovation Manager, Samsung, London, UK
Marco, Italy – MBA 2010
Senior Consultant, BCG, Milan, Italy
Mariano, Argentina – MBA 2010
Senior Consultant, Business Integration Partners,
Milan, Italy
Oscar, Italy – MBA 2008
Organization Manager, Hermes, Milan, Italy
Rafael, Brazil – MBA 2010
Trade Marketing Specialist, Prenatal, Milan, Italy
Rafael, Colombia – MBA 2010
Aviana Tours Manager, AviancaTACA, Bogota, Colombia
Joint Degree Programmes
Offered:
Dual Degree: MBA and MIB (Master
in International Business)
Specialisation by Function:
Economics
Entrepreneurship
Finance
General Management
Innovation / Knowledge
Management
International Management /
Business
IT Management
Marketing
Operations Management
Organisational Behavior
Personal Development
Supply Chain Management
Technology Management
Design and Luxury Management,
Energy Management
Specialisation by Industry:
Automotive
Consulting
IT / Telecommunications
Media & Entertainment
Oil & Gas
Retail / Consumer Goods
Design and Luxury Sector

Full Time Course Information
Start Dates:
May
Programme Duration:
14 months
Tuition Fee:
EURO (€) 26000+1700 / Total
Program Cost
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score
: 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 6.5
Min. Years of Work Experience : 2
Application Fee :
EURO (€) 50
Part Time Course Information
Start Dates :
March
October
Programme Duration :
22 months
Tuition Fee :
EURO (€) 24000 + 1700 / Total
Program Cost
Executive Course Information
Start Dates:
June
November
Programme Duration :
24 months
Tuition Fee :
EURO (€) 30000 / Total Program
Cost
Contact:
MBA Admissions Office
MIP Politecnico di Milano
Via Lambruschini 4C
20156 Milan, Italy
Tel: +39 (02) 2399 9194
Fax: +39 (02) 2399 2844
Email: imba@mip.polimi.it
Web: www.mip.polimi.it/imba
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
TopMBA Career Guide Spring/Summer 2012 129
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Student Profile
Reims Management School (RMS)
Reims Management School (RMS)
Founded in 1928, Reims Management School is one
of the top 10 French “Grandes Ecoles”. Located in
the famous Champagne region, the School’s twin
campuses are home to 4200 students, 900 of whom
are from overseas. RMS is EQUIS, AMBA and AACSB
accredited and its Master’s in Management ranked #
33 in Europe (Financial Times 2011). Thanks to the “TGV
Est”, Reims is only a 45-minute train ride from Paris.
The Full-Time International MBA - Your fast
Track to Global Business Management
t created in 1972
t ranked #3 in France (Eduniversal 2011) and
30th best European Full-Time MBA programme
(Financial Times 2008)
t 100% in English
t human class size : 30/35; 15/20 different nationalities
t 10 to 16 months with optional internship
t 1st term: Fundamental Management Courses in 3
streams, Managerial, Operational, Strategic
t 2nd term: Customized Phase - choosing your
own track: Advanced Finance, Managing in a
Global Environment, Advanced Marketing, Luxury
specialisation, Consulting, Entrepreneurship &
Innovation
t Integration Seminar, European Study Tour,
Leadership Seminar on a military base.
t study abroad options: USA, Mexico, China, Taiwan,
India, South Africa, Spain, UK.
t preparation for CFA® level 1 examination (optional)
t emphasis on Leadership Development
t Career Support Services: MBA dedicated coaches,
network building workshop, meetings with
headhunters, CV development...
t enhance entrepreneurship through the capstone
Business Plan
The Part-Time Executive MBA - Live a
Distinctive Global Experience
Delivered at the Paris Executive Campus, founded
by Reims Management School and Rouen Business
School and dedicated to executive education. The
EMBA provides participants with a dual-degree
delivered by both institutions.
t created in 1998
t human class size: 25/30
t part time bilingual programme
t 3 days per month, 18 months
t 2 one-week Study Tours in Brazil and India
t creation, development of a business plan
t strong focus on Leadership Development
t campus in the heart of Paris
t contact: Solange Cousin - Admission Manager
Paris Executive MBA Campus
9 rue d’Athènes
75009 Paris
France
Tel : +33 (0)1 73 06 98 08
Solange.cousin@paris-executive-campus.com
www.paris-executive-campus.com

Valentin HANNS, French,
International MBA 2009/2010
After a 10-year work experience as
Export Sales Manager, I couldn’t
go further without a boost to my
career thinking that an extensive
programme in management would provide me
with a very global view of business. The RMS Full-
Time International MBA indeed provides you
with fundamentals such as Finance, Strategy, HR
Management, Marketing … at a high academic level.
The diversity of RMS IMBA participants coming
from all over the world creates an outstanding
cross-cultural learning environment. I particularly
appreciate the strong dynamic that comes from
group work- designed to bring out the leadership
potential of all the members.
No sooner had I finished this rewarding
programme than I was offered the opportunity
to create an affiliated company in Singapore for a
French group in the field of Robotics.
Oliver HOMEWOOD, English,
Executive MBA 2008/2009
An English “expat” living in France,
employed in international telecom,
I have always worked in positions
that require extensive travel and
customer interaction, in both pre and post sales.
I applied to this part-time Executive MBA because:
1) their emphasis on a person’s profile and experience
(not only on existing academic achievements); 2)
the reputation of the programme; and 3) the 3-day
week-end seminars and the international study
tours.
In this EMBA, we are expected to share our
experience- there is a strong focus on what we can
bring to the distinctive atmosphere of each team
working session.
The 18-month programme culminates in the
challenging Business Plan experience and enables
the participants to gain a solid understanding of
what business in complex environments means. This
visibility and instruction would take years to obtain
in a purely work-related context!
Programme Type:
Full Time MBA
Executive MBA
Joint Degree Programmes
Offered:
MSc in International Management
Specialisation by Function:
Finance
Leadership
Marketing
Operations Management
Organisational Behavior
Personal Development
Risk Management
Strategic Management
Wine and Luxury Hotel Management
Specialisation by Industry:
Automotive
Banking / Financial Services
Consulting
Environment
FMCG - Fast Moving Consumer
Goods
Hospitality
IT / Telecommunications
Non - Profit Organisation
Real Estate
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
September
Programme Duration:
10 -16 months
Tuition Fee:
EURO (€) 25000 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score
: 220
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Application Fee :
EURO (€) 110
Executive Course Information
Start Dates:
March
October
Programme Duration :
18 months
Tuition Fee :
EURO (€) 32000 / Total Program Cost
Contact:
Pascale BAUDEMONT
MBA, Promotion and Admissions
Reims Management School (RMS)
59 Rue Pierre Taittinger
51100 REIMS
France
Tel: +33(0)3 26 77 46 96
+33(0)3 26 7 7 47 26
Email: pascale.baudemont@
reims-ms.fr
Web: www.mba-rms.com
130 TopMBA Career Guide Spring/Summer 2012
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Alumni Profile
Rotterdam School of Management
Erasmus University (RSM)
The Rotterdam School of Management (RSM) MBA
programmes transform careers, and lives. In the heart
of Europe, RSM offers an exceptional combination of
world-class faculty, leading research and a genuine
connection with the real world of global business.
RSM creates leaders in thought, who take action and
successfully engage with the world. The RSM MBA
offers exceptional personal leadership development
based on RSM’s cutting edge research and
knowledge. At RSM we foster genuine connections
and strong relationships with leaders in business,
society, and academia.
The four values of RSM are: Critical thinking,
Innovation, Sustainability and Spirit. These values are
evident in everything we do, including throughout
our portfolio of highly ranked MBA programmes. The
RSM MBA portfolio includes the International Full-
time MBA Programme, part-time weekend Executive
MBA (EMBA) Programme and the Global Executive
OneMBA Programme.
What makes the RSM MBA programmes stand out
from the crowd, is our focus on developing students’
leadership abilities and the many opportunities
we provide to apply them in practice.. At the core
of the International Full-time MBA is the Personal
Leadership Development Programme, a dedicated
course that runs throughout the year to deepen
knowledge of the drivers of human behavior and the
thinking behind the action.
RSM’s rich diversity is exceptional.Over 40
nationalities are represented in the RSM MBA
programme. The diversity in the close-knit classes
gives our students the opportunity to learn how to
successfully interact with people outside their own
culture. This includes learning how to adapt to a
different way of behaving, thinking and reacting. A
whole world map is opened after you join RSM – a
formidable network of over 20,000 alumni – and
counting!
RSM is one of the leaders in Europe in terms of
its research and teaching on sustainability. Our
students tell us that when it comes to the integration
of environmental, social and governance issues into
our teaching and research, RSM reaches beyond
expectations. Sustainability is not just a standalone
topic, but it weaves through the whole experience,
in the class and beyond. This equips RSM’s MBA
graduates with real knowledge of sustainability, as
well as how it can affect stakeholder value, company
performance, reputation and returns. According
to the Aspen Institute’s Beyond Grey Pinstripes
Report (a ranking that measures how well schools
are preparing their students for the environmental,
social and ethical complexities of modern-day
business) RSM ranks 7th out of 100 globally and first
in Europe (2009/2010).
RSM is an organisation that is passionate about
innovative business education. One of the areas being
research into gender issues in corporate boardrooms.
RSM has recently launched a breakthrough elective
in female leadership development, the RSM MBA
Kilimanjaro Leadership Project. Using the mountain
as a classroom and as a metaphor for business, female
candidates experience leadership in ever-changing
environments while climbing Kilimanjaro in this
new MBA elective course at RSM. The climb is led by
Rebecca Stephens, the first British woman to climb
Everest, and the highest mountain on every continent.
The RSM MBA programmes are all a steep climb and
a challenge. The challenge is a two-way concept. Our
students also challenge us; questioning facts as they
are presented and critically assessing assumption.
Most of all, RSM MBA’s challenge themselves by
pushing past boundaries, and getting a depth of
self-knowledge to truly grasp the drivers behind
their own behaviour. Without exception, each
graduate finds their peak, with lifelong personal and
professional rewards.
“I chose to do the RSM MBA
to reach my borders. But the
people and environment at RSM
supported me not only to reach
them, but also to cross them.”
Mari Enzensberger, Finnish/
German, MBA’11

“The RSM MBA has really changed
my life in a very short space of time
- sounds trite, but it’s true. I’ve been
opened up to a whole new set
of friends, a network of amazing
diverse people, and incredible
access to new job opportunities.”
Alex Dalley, Australian, MBA’12
Programme Type:
Full Time MBA
Part Time MBA
Global Executive OneMBA
Specialisation by Function:
Brand Management
Change Management
Corporate Governance
Entrepreneurship
Finance
General Management
Innovation / Knowledge
Management
International Management /
Business
Leadership
Marketing
Operations Management
Organisational Behavior
Personal Development
Risk Management
Strategic Management
Supply Chain Management
Wealth Management
Specialisation by Industry:
Banking / Financial Services
Consulting
Environment
Non - Profit Organisation
Pharmaceutical / Bio-Medical
Real Estate
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
January
Programme Duration:
12 months
Tuition Fee:
EURO (€) 39000 / Total Program
Cost
Entry Requirements:
University Degree or equivalent
GMAT
Language Proficiency: English
TOEFL: optional
Min. Years of Work Experience: 3
Application Fee :
EURO (€) 50
Part Time Course Information
Start Dates :
January
Programme Duration :
24 months
Tuition Fee :
EURO (€) 44000 / Total Program
Cost
Executive Course Information
Start Dates:
September
Programme Duration :
21 months
Tuition Fee :
EURO (€) 54500 / Total Program
Cost
Contact:
Maryke Luijendijk-Steenkamp
Director Marketing & Admissions
Rotterdam School of Management,
Erasmus University (RSM)
J Building
Burgemeester Oudlaan 50
Rotterdam, Netherlands
3062 PA
Netherlands
Tel: +31 (10)-408 2222
Fax: +31 (10)-452 95 09
Email: mba.info@rsm.nl
Web: www.rsm.nl/mba
TopMBA Career Guide Spring/Summer 2012 131
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Student Profile
The Lisbon MBA
Catolica & Nova in collaboration with MIT
The Lisbon MBA is a joint-venture between NOVA
and CATÓLICA-LISBON SBE – the leading business
schools in Portugal. This partnership includes an
International full-time MBA – in partnership with
MIT’s prestigious Sloan School of Management and
a Part Time MBA.
The Lisbon MBA provides a platform where
talented, ambitious and high-flying students from
all over the world may meet and engage in active
learning, interacting with top notch faculty.
There are four basic reasons why you should consider
The Lisbon MBA platform as your choice for a MBA:
t Both Programs have an international faculty,
trained at the world’s best schools, deeply involved
in high quality research and in tune with the
latest developments in management theory and
practice.
t Both Programs depict an innovative curriculum,
stimulating rigorous analysis, the use of emotional
intelligence skills, socially responsible behavior
and hands-on learning. A curriculum that is a
bridge between academia and the corporate
world, between theory and practice, between
profits and people, between the left and the
right hemispheres of the brain and between the
geographies of the world.
t A core curriculum in the fundamentals of
management is complemented by a strong focus
on interpersonal skills and leadership. Singing,
acting, learning how to manage up and give
negative feedback to your peers and developing
advertising campaigns are just some of the ways in
which we help you strengthen your teamwork and
leadership capabilities.
t Students from The Lisbon MBA International also
benefit from a one month MIT Immersion where
they take classes and develop new networks at the
Sloan School of Management during a summer
stay in Boston. Company visits and group activities
complement your coursework at MIT.
An internship provides additional networking
opportunities and real-world credentials for the
International students. Alternatively, students can
choose to integrate an International Lab in China
or Brazil. The Lisbon MBA works with MBA students
from Fudan in Shanghai or Insper in São Paulo and
works with host companies. Students will learn the
true dynamics of these countries and economies
through direct experience and leverage their
business skills while learning with each other.
The Entrepreneurship Hub can help you realise
your ambitions as an entrepreneur. The hub offers
the students the chance to explore entrepreneurial
ideas and skills while takeing advantage of the
numerous learning opportunities and networking
that will be provided.
We ensure strong ties with the corporate world,
with major companies closely involved in its
governance and sponsoring -providing a network of
internships and connections.
Both programs are offered in the cozy and yet
cosmopolitan environment of the beautiful and
agreeable Lisbon. Here students may mix work and
pleasure as in very few places in the world.
Every year, The Lisbon MBA aims to create a diverse
class where students can learn from each other. Each
member of The Lisbon MBA community is truly a
unique individual. Students from The Lisbon MBA
include people from diverse nationalities, personal
and professional backgrounds.
Participant´s Profile:
t Participants from 25 to 42 years old, with an
average age of 31.
t The minimum work experience accepted is 3 years,
with an average of 8 years.
t Every year, we have an average of 30%
international students. Since 2009, we´ve had a
total of 20 nationalities represented as diverse as
China, India, Brazil, Mexico, Belgium, Canada, USA,
Nigeria, Australia, Italy, Poland, Jordan, Colombia,
Venezuela, Germany etc
t Our goal is to attract as many different backgrounds
as possible. This year we had 43% Engineering, 18%
Management & Economics, 18% Sciences and 3% Arts.
Ma Xin, China
Class of 2009
“The Lisbon MBA is the best investment I´ve ever made.
Classes are dynamic and exciting and the diversity
of the students make the classroom environment
inspiring and full of curiosities. You will always feel
encouraged to study and participate more”
Yoann Nesme, Mexico
Class of 2011
“I chose The Lisbon MBA because of its innovative
approach of an MBA program, its fast growing
reputation, its international opportunities, because
it is located in Lisbon and because the return on
investment just feels right!”
Nitin Puri, India
Class of 2009
“The Lisbon MBA was extremely rewarding both
professionally and personally. It has opened not a few
but countless doors for me in Portugal and Europe
as a whole. I have had the unique opportunity
to engage with like minded professionals and
entrepreneurs from every field”
Programme Type:
International Full Time MBA
Part Time MBA
Full Time Course Information
Start Dates:
January
Programme Duration:
12 months
Tuition Fee:
EURO (€) 33,000 / Total Program Cost
Entry Requirements:
Min. Recommended GMAT Score : 600
Min. TOEFL Computer Based Score : 93
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Part Time Course Information
Start Dates :
September
Programme Duration :
22 months
Tuition Fee :
EURO (€) 21,000 / Total Program Cost
Contact:
Marta Andaluz
Admissions Specialist
The Lisbon MBA - Catolica, Nova, MIT
Nova SBE, Rua Marquês da Fronteira, nº20
Católica-Lisbon
Calçada Palma de Cima
Lisbon
Portugal
Tel: +351 (21) 382 2720
Email: info@thelisbonmba.com
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134 TopMBA Career Guide Spring/Summer 2012
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Student Profile
University of Cape Town
Graduate School of Business
Take it from the top
UCT GSB offers a top, internationally-recognised
MBA in an emerging market context.
The UCT Graduate School of Business’ MBA has
been ranked by the prestigious Financial Times of
London as the best in Africa and the best value for
money MBA in the world – and these are just two
of the recent accolades it has received. The course
continues to go from strength to strength and is
growing in popularity amongst both local and
international students.
Academically speaking, the GSB offers an MBA
qualification that is sought-after by recruiters around
the world. In addition to its recent QS ranking as the
best in Africa and the Middle East region, it is also
ranked in the Financial Times Top 100 MBAs – the
only African business school to make it onto the
list, which it has done for seven consecutive years.
The GSB was also rated by Eduniversal and its global
peers as the best business school in Africa for three
years running.
The UCT GSB’s philosophy is that “business as usual”
is no longer the way to achieve sustainable success
- managers need an expanded skill set that creates
new models of business. As such, the GSB views its
role as enabling new ways of thinking and behaving
in its students and this is reflected in the content of
the MBA programme, which offers the latest thinking
in social entrepreneurship, ethical leadership and
emerging economy business.
“We challenge taken-for-granted assumptions and
practices, and cultivate in managers an ability to
draw from a full spectrum of disciplines and cultures,”
says Professor Walter Baets, Director of the GSB.
The GSB terms this approach “full colour thinking”.
The MBA develops in people the ability to think more
rigorously and creatively about challenges, inspiring
and enabling students to grow in intellectual
curiosity, professionalism, ethical understanding,
supportiveness, confidence and creativity.
This approach emphasises values, sustainability and
relevance. Until very recently, relevance in business
was synonymous with shareholder value.
“Today, there is widening acceptance that focusing
on shareholder value alone is a dangerous route and
that business must take into account a wider pool of
stakeholders,” says Baets.
To support this, the school put in place new centres
and research groupings in 2011, the Allan Gray
Centre for Values Based Leadership and the Bertha
Centre for Social Innovation and Entrepreneurship.
These two centres will work hand-in-hand to boost
teaching and learning at the GSB – by feeding directly
into a changing MBA curriculum and pursuing new
research and outreach agendas that will continue to
drive change and innovation at the school.
All of this takes place in the context of an emerging
market. Students are able to get a hands-on
understanding of Africa’s growing economies, whilst
viewing at close range the challenges of complexity
and inequality. In terms of building thought
leadership and relevant business practices, there is
no substitute for actually experiencing an emerging
market first-hand and this is one of the reasons that
the school is attracting more and more international
students.
For more information on the UCT MBA go to www.
gsb.uct.ac.za/mba
The GSB Masters in Business Administration (MBA)
is the only MBA programme in Africa listed in the
Financial Times Top 100 Global MBA ranking.
The programme is transformative. It pushes students
to their limits and empowers them to reach their
best, personally and professionally.
The curriculum is international in scope and standard
but with a distinctive orientation to the (South)
African context. It has a strong practical emphasis
and in addition to addressing the functional areas
of business, new streams of learning around
communication, leadership and entrepreneurship
keep it at the cutting edge of professional
development.
The MBA is offered as a one-year, full-time course or
in a two-year, modular format for delegates who are
unable to study full-time.
For an overview of a day in the life of an MBA student,
visit http://www.gsb.uct.ac.za/s.asp?p=274
Programme Type:
Full-Time MBA
Modular MBA
Executive MBA
Specialisation by Function:
General Management
Sustainability
Social Innovation & Entrepreneurship
Economics
Business, Government & Society
Strategy
Leadership & Learning
Specialisation by Industry:
Across a range of industries

Full-Time Course Information
Start Dates:
January
Programme Duration:
11 months
Tuition Fee:
USD ($) 39000 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score:
N/A
Min. TOEFL Paper Based Score : N/A
Min. Years of Work Experience : 3
Application Fee :
USD ($) 735
Modular Course Information
Start Dates :
February
Programme Duration :
21 months
Tuition Fee :
USD ($) 39000 / Total Program Cost
Executive Course Information
Start Dates:
March
Programme Duration :
24 months
Tuition Fee :
USD ($) 33,300 / Per Year
Contact:
Lynn de Villiers, Admissions Department
University of Cape Town
Graduate School of Business
UCT Graduate School of Business
Portswood Road
Green Point
Cape Town, Republic of South Africa
8000
South Africa
Tel: +27 (0)21 406 1175
Fax: +27 (0)21 421 5693
Email: admissions@gsb.uct.ac.za
Web: www.gsb.uct.ac.za
TopMBA Career Guide Spring/Summer 2012 135
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University of Geneva
- Executive program (HEC)
University of Geneva-HEC offers full-time and
part-time MBA programs since 1992. The HEC
full-time MBA program focuses on International
Organisations, and all of its courses are delivered in
English. The part-time Executive MBA program can
be followed in either French of English. The MBA
programs at University of Geneva are fully accredited
by the Association of MBAs.
The EMBA program is designed for company
executives and managers seeking a career change or
professional development opportunities. It provides
participants with a first-class post-graduate general
management education and personal development
program without interrupting their careers.
The full EMBA program cycle includes 24 modules
and lasts 2 years. Students receive personalized
evaluations and feedback throughout their program.
The EMBA encourages lively interaction between
students and professors and stimulates the sharing
of knowledge through group work.
The EMBA is composed with a wide range of
professional from both public and private sectors.
Participants, from over 20 different nationalities, have
about 7 or more years of relevant work experience.
The Executive MBA program is designed to balance
theory and practice, and analytical thinking and
action. The teaching faculty is keenly aware of the
need for managers and business leaders to develop
and implement efficient operational solutions
to complex situations. The diverse origins and
backgrounds of the faculty members and students
guarantee an international perspective and cross-
discipline input. Interaction between participants
and faculty and group is highly encourages; group
work stimulates knowledge sharing. The students’
learning experience is enhanced by corporate work
projects, in-class discussions, and presentations that
build on their previous experience.
In the second year, students may choose to continue
their study in the traditional flagship program,
International Management, or select one of the
specializations. The International Management
program teaches participants how to apply the
acquired knowledge to help create their value-
added and make the difference. Four PDP modules
have been introduced to help participants become
aware of their full potential and how to promote it,
develop their personal skills, and work in teams.
Located in the very heart of the city which
houses the Headquarters of myriad multinational
corporations, international organizations, banks
and businesses, the University of Geneva offers its
students numerous amenities, such as libraries and
cutting-edge computer and multimedia facilities.
Admission to the program is based on the student
application file; potentially qualified candidates
will be called in for an interview. Candidates are
expected to have a very strong command of both
written and spoken English, and must have at least
3 years of relevant work experience and hold a
University Degree from a recognized institution.
Programme Type:
Executive MBA (P-T)
Full-Time MBA
Specializstion by Function:
Change Management
Economics
Entrepreneurship
Finance
General Management
Health Care Management
International Management/Business
IT Management
Leadership
Marketing
Personal Development
Project Management
Risk Management
Strategic Management
EMBA Course Information Start Dates:
End of August
Programme Duration:
2 years
Tuition Free:
CHF 27’300
Entry Requirements
Min. years of Work Experience: 3 - of relevant
work experience
Bachelor or equivalent
Strong command of English
Appl./Registration Free: CHF 1’500
Contact:
Mrs Sun Zuchuat -Ji
Communications Manager
University of Geneva- HEC
UniMail, 40, BD du Pont d’Arve
1211 Geneva-4
Switzerland
Tel : + 41 (022) 379 81 12
Email : emba-hec@unige.ch
Web : mba.unige.ch
Sebastian Raisch, Director, MBA program
Uni-Mail Building
MBA Graduation 2011
136 TopMBA Career Guide Spring/Summer 2012
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Student Profile
University of Glasgow Business School
The university of Glasgow Business School MBA
focuses on creating future leaders who can think
critically, lead companies and manage organisations
and people to the highest level.
On the Glasgow MBA, you will begin to question
what you already know, stripping away preconceived
ideas to develop better approaches to life and to
business. We know this because we have been
transforming managers on our MBA since 1976.
World-class academics
Our academics are invited to consult and conduct
research with organisations around the world, giving
them first-hand insight into how organisations work.
This means that teaching on the Glasgow MBA is at
the cutting edge of business knowledge.
Learning community
When you enter the Glasgow MBA you join an
international community built on the foundation
of Scottish hospitality. Participants are welcomed
from all over the world to learn from each other and
to gain a truly international perspective. Through
shared experiences and multi-cultural teamwork
you will develop life-long friendships.
You will learn the skills and tools needed to be a
successful manager, which is only the beginning.
The programme matches an ancient tradition of
academic excellence with exposure to contemporary
business practice. The international experience will
give you a broader perspective on the challenges
facing future leaders and managers working in an
ever-changing world.
Industry links
The Business School is associated with many
major public and private sector organisations,
such as Amazon UK, IBM, BBC Scotland,
PricewaterhouseCoopers and BT. These links directly
benefit our students through networking events
and consultancy projects.
Consultancy experience
An important part of the Glasgow MBA is the
Consultancy Week - an opportunity for you to put
the theories you’ve learned during the programme
into action. During Consultancy Week, you will
complete a project for a real company - answering
that organisation’s business problem.
We know that career prospects and the development
of transferable skills are important factors in choosing
your MBA, particularly in the current economic
climate. Whether you want to change fields, advance
in your current role, or move into consultancy, the
Consultancy Week projects help you cut your teeth
in new areas while providing tangible benefits to
local organisations.
Previous participating organisations include Grant
Thornton, Amazon, BAE Systems, Lynnet Leisure
Group, McGhees Bakeries, as well as small to medium
size enterprises and charitable organisations.
Projects have involved creating business plans,
reviewing training provisions, conducting market
analyses, looking for ways to improve productivity,
improving customer relationship management
activities, operational project planning, producing a
distribution analysis and resource management.
Rising to the challenge
Meet Marcelo Affonso
Marcelo completed an undergraduate degree in
business at the University of Toronto before working
as an account manager for HSBC in Canada. After
completing his MBA at Glasgow, Marcelo was
employed by Amazon UK where he now works as
Operations Manager.
“I wanted to come to Glasgow for several reasons. The
university has a strong international reputation and
a high calibre of teaching staff, many of whom are
highly regarded in their research fields. Research is a
big deal for me, as I hope to go on to complete a PhD
at some point. Glasgow is an exciting, thriving urban
environment and I wanted to experience a city.
“The Glasgow MBA has everything – from strategic
management, to human resource management and
marketing – and tackles a wide range of relevant,
current topics. Those are its key strengths, in fact – its
relevance to current issues and its diversity of topics.
For example, we looked at everything from how to
keep employees motivated to issues surrounding
energy and renewables.
“We also benefited from visits from a wide range of
managers and experts who come in to share their
experience and expertise. That is extremely valuable.
“It is important to specialise in business, but you
have to be flexible, particularly given the current
unpredictability. It takes commitment to complete
the MBA. It is, after all, 12 months of non-stop work.
But those who work hard, who are open to new ideas
and are flexible, do well.”
Programme Type:
Full Time MBA
Part Time MBA
Specialisation by Function:
Accountancy
Accountancy & Financial
Brand Management
Change Management
Economics
Entrepreneurship
General Management
Human Resource Management
Information Management
International Management / Business
Leadership
Marketing
Operations Management
Strategic Management
Technology Management
Specialisation by Industry:
Banking / Financial Services
Consulting
Government
Public Sector
Retail / Consumer Goods
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
GBP (£) 19500 / Total Program Cost
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score : N/A
Min. TOEFL Paper Based Score : N/A
Min. IELTS : 6.5
Min. Years of Work Experience : 3
Application Fee :
GBP (£) 0
Part Time Course Information
Start Dates :
September
Programme Duration :
24 months
Tuition Fee :
GBP (£) 6750 / Per Year
Contact:
Tracy Maxwell, MBA Programme
Administrator
University of Glasgow Business School
Gilbert Scott Building
West Quadrangle
University Avenue
Glasgow, Scotland
G12 8QQ
United Kingdom
Tel: 44 (0)141 330 6300
Fax: 44 (0)141 330 4045
Email: business-mba-enquiries@gla.ac.uk
Web: www.glasgow.ac.uk/business
TopMBA Career Guide Spring/Summer 2012 137
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Student Profile
University of St. Gallen
The St. Gallen MBA
The University of St. Gallen is a leading European
business school located in Eastern Switzerland near
Zurich. Founded in 1898, it became a fully-fledged
business school in 1911 and today has the largest
management faculty in the German-speaking
area, and a 7,000 full-time student body. St.Gallen
offers a full range of undergraduate, postgraduate,
executive (both degree and short-term) and doctoral
programmes, and is accredited by both EQUIS and
AACSB.
Founded in 2005 and based on the University’s long-
standing reputation for integrative management, the
St.Gallen MBA offers participants a firm theoretical
base supported by tailor-made cases and practical
exposure in order to forge the business leaders of
the future.
Exclusivity
The St.Gallen MBA full and part-time classes are
selected to reflect high academic accomplishments,
diverse career experiences and exceptional
motivation. Our small class size enables personalised
attention for each MBA participant. Participants
benefit from the University’s close ties to leading
international companies and business leaders, and
access to a more than 19000 strong alumni network.
Capability
The University of St.Gallen is well known for its
integrative management approach that addresses
business complexity by incorporating multiple
management functions, disciplines and logic into the
decision-making process. Our large and renowned
permanent faculty ensures that St.Gallen stays at
the forefront of research and ideas in management
education.
Diversity
We believe that diversity of experiences and
academic and cultural backgrounds enriches the
learning environment. We place special emphasis
on promoting diversity within our small class. This
also reflects Switzerland’s tradition as a multicultural
host to numerous international companies and
organisations in the heart of Europe. We aim to
educate graduates who will be socially competent
and responsible managers accountable to
shareholders and stakeholders. We seek to develop
managers with “a cool head, a warm heart, and active
hands”.
Full-time MBA
The full-time MBA programme is taught fully in
English and has a specialised soft-skills programme.
The programme includes recruiters from major
management consultants including Bain &
Company, McKinsey, Accenture and Roland Berger.
In addition to this, graduates perform strongly in the
finance industry, where St.Gallen is traditionally well
connected, and also in industrial companies such as
Hilti and Alstom.
Part-time MBA
The part-time MBA programme is a joint programme
offered with the ESADE business school in Spain. It is
taught over 2 years and includes modules delivered
in St.Gallen and Barcelona. The programme is
designed with working professionals in mind and
includes maximum flexibility on module choices to
allow participants to remain in full-time employment
at the same time as having the benefit of an MBA
education.
The St.Gallen MBA is designed as a highly selective
programme for high potential junior managers. All
participants are required to have work experience,
with 4 years as the recommended level.
Class profile:
About 40 students
Average GMAT - 673
Average age - 30 years
Average work experience - 6 years
During the admissions process, we are careful to
select participants with international experience,
from a mix of employment backgrounds and from
a range of different nationalities and language
zones. With a small class size we are able to choose
participants with the ability to perform well in the
market and who have a specific interest in pursuing
a career in Europe.
Alumni Profile:
Eirini Tsekeridou
Greek
Class of 2007
Bank Julius Baer & Co. Ltd
Managerial Skills
I was working for a consulting firm in Greece when
I realised how important managerial skills would
be for my professional development. An MBA was
the way to go. From a background of Business
Administration and Finance & Accounting, one
might say that an MBA cannot offer much more than
I already knew, but as it turned out, St.Gallen was so
much more than only business related knowledge.
Banking Industry
Wanting to enter the banking industry, Switzerland
was an obvious option. The reputation of the
University of St.Gallen, its wide network of contacts
and alumni and its favorable location strengthened
my sentiment towards St.Gallen. After visiting the
campus and meeting the faculty, my feelings were
affirmed and the St.Gallen MBA became my first
choice.
Programme Type:
Full Time MBA
Part Time MBA
Joint Degree Programmes
Offered:
MBA Double Degree with Nanyang
Technology University
Specialisation by Function:
Accountancy & Financial
Corporate Governance
Economics
Entrepreneurship
Finance
General Management
International Management / Business
Leadership
Marketing
Project Management
Strategic Management
Supply Chain Management
Wealth Management
Specialisation by Industry:
Automotive
Banking / Financial Services
Construction
Consulting
FMCG - Fast Moving Consumer Goods
IT / Telecommunications
Pharmaceutical / Bio-Medical
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
USD ($) 67000 / Per Year
Entry Requirements:
GMAT Score
Fluent English
Min. Years of Work Experience: 2
Application Fee:
USD ($) 0
Part Time Course Information
Start Dates:
August
Programme Duration:
24 months
Tuition Fee:
USD ($) 75000 / Total Program Cost
Contact:
Peggy van der Wallen
Admissions Manager
University of St.Gallen
The St. Gallen MBA
Blumenbergplatz 9
St. Gallen,
9000
Switzerland
Tel: +41-71-224-2478
Fax: +41-71-224-2473
Email: mba@unisg.ch
Web: www.mba.unisg.ch
138 TopMBA Career Guide Spring/Summer 2012
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Vlerick Leuven Gent Management School
Vlerick Management School is the post graduate
management school of the world famous Catholic
University of Leuven (founded 1425) and Ghent
University (founded 1817).The School is currently
ranked number 10 in the world for the full time MBA
and number 4 in Europe in the Economist’s latest
ranking.

Each year around 70 top MBA students from all
around the world join the Vlerick full time MBA
programme. The intake is split into two smaller
classes of approximately 35 students to ensure
an intimate and personal learning environment.
The class is truly diverse with over 40 nationalities
represented each year and this diversity is increased
by also welcoming a diverse range of both academic
and work backgrounds.

The profile of the class:

Average Age ................................ 29
Average Work Experience....... 6
Average GMAT ............................ 640
Male / female .............................. 65/35

Accreditation
Vlerick is one of the few international schools
that are triple accredited – holding all the globally
recognized accreditations – AACSB, AMBA and
EQUIS.

The Full Time Programme
The Vlerick MBA is an intensive 12 month
international management MBA.

The programme focuses on:
t International & multi cultural business
t Corporate and Social Responsibility
t Entrepreneurship

Vlerick believes that an MBA should provide
All students must undertake an in-company
consultancy project which the School provides
through its global network of contacts and corporate
partners. There is also a study trip to China which is
run in conjunction with Peking University where
Vlerick also delivers on their MBA programme.

Key Features of the Vlerick MBA
t Small class sizes – the school runs 2 cohorts of 50
students ensuring a personal and intimate learning
experience.
t For selected candidates Vlerick offers admission
via its own Admissions Test. These tests are held
regularly in Belgium and at selected international
locations.
t The classes will be made up of diverse, highly
intelligent, motivated, creative and ambitious
people.
t Each student will be guaranteed an in-company
project that will be challenging, demanding and
strategically relevant.
t Personal and direct guidance from highly qualified
and experienced faculty along with access to
excellent networking and forum activities.
t The full time programme is based in Leuven which
offers both beauty and quality of life along with
affordable living costs.
t The programme costs an affordable 28,500 Euro
which include tuition, book and material and also
includes the cost of the China Study Trip.
t The School also awards in conjunction with
its Corporate Partners a range of general and
specific Scholarships and also a Student Loan Fund
Programme.

Andrew Mason
Full Time MBA 2009
Nationality Canadian

Prior to attending Vlerick I
worked in Investment Banking
in Toronto, Canada. Receiving
an MBA was an important personal career goal for
me. I felt it was an opportunity to build on my skills
and better position myself for the future. I have
always aspired for a senior leadership role at a large
company; nowadays, I think an MBA is a prerequisite
for admission. Stakeholders want business
professionals running companies. An MBA was an
important step for developing the necessary skills to
one day manage a large global company.

Gaining a European business perspective was the
main reason I came to Vlerick. It was an opportunity
to transition my career to Europe, by building an
international network and leveraging a strong
academic brand. I was also keen on an accelerated
MBA program, but not at the expense of high quality
academics and a great personal growth experience.
Vlerick is a very strong program, combining
intensive study and a great personal experience with
a diverse international student base. The program
attracts accomplished and intelligent students from
around the globe, making a great impact on the
overall MBA experience. On a value for money basis,
Vlerick is tough to beat. An MBA is a huge personal
investment, in both money and time, and it was
important to me that I was maximizing my return on
investment.

Vlerick has an incredibly strong reputation in Europe.
For the past 56 years, the school has been developing
business leaders. A high calibre international alumni
base has spread the school’s reputation far and wide.
It’s a strong academic brand in Benelux, Western
Europe and around the world.
Programme Type:
Full Time
Part Time
Modular
Joint Degree Programmes
Offered:
MBA Financial Services and Insurance
Specialisation by Function:
Entrepreneurship
General Management
International Management /
Business
Doing business in Europe
Full Time Course Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
EURO (€) 31,500 / Total Program
Cost
Entry Requirements:
Avg. GMAT Score : 640
Min. TOEFL Computer Based Score
: 250
Min. TOEFL Paper Based Score : 600
Min. IELTS : 6
Min. Years of Work Experience : 3
Application Fee :
EURO (€) 50
Part Time Course Information
Start Dates :
September
Programme Duration :
22 months
Tuition Fee :
EURO (€) 30,500 / Total Program
Cost
Modular Course Information
Start Dates:
January
Programme Duration :
18 months
Tuition Fee :
EURO (€) 30,500 / Total Program
Cost
Contact:
Peter Rafferty, Director
International Business
Vlerick Leuven Gent Management
School
83 Vlamingenstraat
LEUVEN, Louvain
3000
Belgium
Tel: +32 16 24 88 85
Fax: +32 16 24 88 00
Email: MBA@Vlerick.com
Web: www.vlerick.com/ftmba
TopMBA Career Guide Spring/Summer 2012 139
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Student Profile
Warwick Business School
University of Warwick
Warwick Business School
WBS is an international and highly-rated school,
being one of only 3 UK schools to be rated both
“excellent” for teaching and to have achieved the
highest 5* rating for its research performance. WBS
was the first business school in the UK to achieve the
triple accreditation from AACSB, AMBA and EQUIS.
The Warwick MBA
The Warwick MBA programme enjoys global
recognition for its leading edge thinking and world-
leading resources. It offers one of the most flexible
programmes in the UK today, with participants able
to select from one of three different ways to learn
– full-time, by distance learning or as an Executive
MBA. They all share the same curriculum and
participants are awarded the same qualification.
All electives are open to students of any study
mode, which extends the international networking
opportunities. Finally, it gives participants flexibility
to change their mode of study should their personal
or professional circumstances change.
Full-time
The full-time MBA programme offers you a chance
to share an intensive and challenging journey with
your international and experienced classmates.
We place great importance on collaborative
learning, teamwork, a friendly personal approach
and offer great opportunities to form social and
professional networking groups. You will study an
additional language, have the opportunity to go on
exchange with our global partners or complete an
in-company internship. You will also focus on your
personal and professional development through
both the Practice of Management module and the
comprehensive range of careers services available.
Executive MBA
This is ideal for managers with busy professional
and family lives who need a study programme
that can be planned well in advance. The 5-day
modules, usually delivered Monday to Friday, take
place at regular intervals, allowing you to plan your
study around work and family commitments. The
compact delivery format allows for concentration on
a particular area of learning and a high quality peer
group with a variety of management roles allows for
both effective collaborative learning and valuable
networking.
Distance Learning MBA
This is one of the highest quality programmes of its
kind in the world. Rated #1 in the UK by the Economist
(2010), the learning is interactive and challenging,
with regular opportunities for face-to-face teaching
and ongoing participation in local and virtual study
groups. WBS has 25 years of experience offering this
programme to students from over 100 countries. This
history, combined with the high standard of online
study materials and the tutor support available,
makes it the best choice for anybody looking for a
combination of quality and convenience.
Warwick Global Energy MBA
This new MBA, launched in 2009, is a part-time
programme which combines the development of
strategic leadership skills with a focus on the global
energy industry. Modules are taught through
blended learning, using a combination of structured
work books, online materials, collaborative online
work and seminars, plus intensive, face-to-face,
residential sessions at Warwick.
Studying for the Warwick MBA is, in part, a chance to
step away from the world of work and rethink who
you are, where you are going, and how best to get
there. That is the journey the careers team will take
you through, and I recommend fully engaging with
it as early as possible.
Many of my cohort used their studies to change
profession, industry, or even both. You won’t get
there by knowledge alone, you need a strategy,
contacts and back up. This is where the careers team
at WBS came in.
I had several one-to-one career coaching sessions
during my studies. It was been really useful to talk
through what I was learning, where my thinking was
going about future careers, and then plan what I was
going to do about it. I really couldn’t have asked for
more support.
The careers team also put me in touch with a couple
of very experienced industry specialists in the field
I wanted to move into. This was so useful and really
helped me to plan my career over the next five years.
Shelley McIvor
Engagement Director, Corporate Culture
Warwick MBA 2011
Programme Type:
Full Time MBA
Distance Learning MBA
Global Energy MBA
Executive MBA
Full Time MBA Information
Start Dates:
September
Programme Duration:
12 months
Tuition Fee:
GBP (£) 30,000 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 620
Min. IELTS : 7
Min. Years of Work Experience : 3
Application Fee :
GBP (£) 80
Global Energy MBA Information
Start Dates :
April
Programme Duration :
36 months
Tuition Fee :
GBP (£) 10,400 / Per Year
Distance Learning MBA Information
Start Dates :
January, July
Programme Duration :
30 months
Tuition Fee :
GBP (£) 6,600 / Per Year
Executive MBA Information
Start Dates:
March, October
Programme Duration :
36 months
Tuition Fee :
GBP (£) 9950 / Per Year
Contact:
Warwick MBA Office
Warwick Business School
University of Warwick
Coventry
CV4 7AL
United Kingdom
Tel: +44 (0)24 7652 4100
Email: warwickmba@wbs.ac.uk
Twitter: www.twitter.com/warwickmba
Linkedin: www.wbs.ac.uk/go/joinus
Facebook: www.wbs.ac.uk/go/fbjoinus
Web: www.wbs.ac.uk






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C
hina regularly dominates discus-
sions when the topic of the Asian
economic tigers arises. It is not surprising
that a great deal of faith has been put into
China as a source of economic growth and
of career development: it has a centrally-run
economy that acts in an often predictable
and steady manner. It also has a relatively
modern infrastructure, and its population is
vast, meaning regional slowdowns in growth
can be balanced out by faster growth in
other regions.
However, there is a great deal more to
Asia than China, and Australia should not
be disregarded – the Asian-Pacific region
contains a wealth of cultures, nationalities,
languages, and crucially, business opportu-
nities. These opportunities span from the
most developed of Asian nations in the
form of Japan, across China, and through
some of the world’s most efficient city-
states, Hong Kong and Singapore. There are
further opportunities in the world’s largest
democracy and one of the fastest growing
world powers, India, and more opportuni-
ties further southward to a Western nation,
the raw materials provider to many of the
above, Australia.
The region has an unmatched combina-
tion of economic growth, educational and
business opportunities. But where to study an
MBA in the Asia-Pacific region is a crucial
question, as with such great diversity between
nations, the focus of an applicant’s career may
well determine the country they study in.
Another important factor is the quality
of life, education and experience that an
MBA student can expect in each of the
various countries that make up the Asia-
Pacific region.
Most often positioned alongside China
when discussing Asia at least, is India. The
country is growing at almost the same speed
as China but attracts MBA students that are
interested in a certain number of highly
specialized industries, most famously the
IT and financial industries. However, the
pharmaceutical and raw material industries
are also now rapidly gaining attention. The
QS Global 200 Business Schools Report
2012 shows that of the 50 business schools
rated on their expertise in teaching MBA-
level corporate social responsibility, eight
are Asia-Pacific institutions. Half of these
are in India, suggesting that the country
is taking this specialization seriously as a
potential growth area. The country also
features highly in the global rating of MBAs
specializing in entrepreneurship, reinforcing
a perception that India is positioning itself
as a country that is developing off the back
of its brainpower rather than its brawn.
India: Asia’s entrepreneurial power-
house
“The two Indian Institutes of Manage-
ment in Ahmedabad and Bangalore, as well
as the Indian School of Business and S.P.
Jain Institute of Management and Research
improved their reputation for delivering en-
trepreneurship skills among MBA employ-
ers considerably,” says Nunzio Quacquarelli,
managing director of QS Quacquarelli
Symonds Ltd and author of the QS Global
200 Business Schools Report.
Rising in the East MBA
life in Asia-Pacifi c
Opportunities span from the
most developed of Asian nations
in the form of Japan, across China,
and through some of the world’s
most efficient city-states,
Hong Kong and Singapore
Home to two of the four BRIC nations, the Asia-Pacific
region is certainly becoming more and more economically
influential. But how does life fare for MBA students
and graduates in the region? China-based TopMBA.com
correspondent Richard Macauley takes a look into the
Asia-Pacific MBA story
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He adds: “This tallies with research by
Ernst and Young, Entrepreneurs speak out: a
call for action to G20 governments, which
found India to possess the greatest entrepre-
neurial culture among the G20 nations.”
Even in the more traditional areas of
MBA study, India remains a powerhouse
for education and for career opportunities.
“Indian employers reported more MBA
job opportunities in 2011 than the United
States, with one financial services company
reporting over 7,000 MBA job opportu-
nities [in 2011] and even more in 2012,”
according to the TopMBA.com Jobs and
Salary Trends Report 2011/12.
Salaries for MBA holders working in
India still do not match those offered by
companies in the West, but are competitive
and still very much exceed salaries offered
to local managers or those without an
MBA. As with many developing countries,
rapid national growth often leads to greater
exposure to opportunities and responsibil-
ity than can be expected in the West. This
means what is sacrificed in income can be
made up for by acquiring a wealth of expe-
rience and skills that would take far longer
to obtain in more developed economies.
If MBA students are looking for Western
salary levels in the Asia-Pacific region, then
Australia may be the most appropriate
destination. Australia is home to 11 of the
36 Asia-Pacific business schools that feature
in the QS Global 200 Business Schools
Report. MBA graduates of Australian busi-
ness schools reported an average salary of
US$117,800 in 2011, making Australian
MBA incomes the second highest in the
world. Additionally, the strength of the
Australian dollar means that incomes, when
compared to many home countries of
foreign-born MBA holders, are particularly
strong. Furthermore, strong ties between
Australian and Asian economies mean that
MBA graduates can enjoy a Western level of
development at home, while also benefit-
ting from exposure to the rising economies
of Asia.
The heart of Asia’s growth engine
Other MBA holders that are happy to
eschew Western comforts in order to work
in the heart of Asia’s growth engine may
choose China.
“Rapid economic growth and a shift
from basic manufacturing to industries
based on innovation, value-added product
design, and service provision, have opened
up new opportunities for MBA placement,”
says professor Lydia Price, associate dean
and academic director of China Europe
International Business School’s (CEIBS)
MBA program.
“In recent years, we have seen a strong
increase in consulting and financial firms
recruiting on campus, bringing us into
alignment with recruiting at other top busi-
ness schools globally,” she adds.
China’s banks are recruiting heavily from
the international MBA pool, because there
are growing concerns over the structure of
the country’s nationally-owned financial
sector. Hi-tech is another large growth area
in terms of employer demand for MBA
holders. In fact, demand for MBAs in China
has become so high in recent years that
the city of Shanghai has helped launch a
new business school, Shanghai Advanced
Institute of Finance, to increase the number
of China-familiar MBA holders.
Comparatively low salaries (US$59,700
for international talent) and language barri-
ers can provide frustration in China. Unlike
India, China does not use English as a lin-
gua-franca and very little English is spoken
in offices. Anecdotally, there is a perception
among international MBA holders in China
that when working in Chinese companies,
the opportunities for promotion are limited.
MBA holders interested in remaining in the
country long term might prefer to work
for an international company operating in
China.
Alternatively, Singapore may prove
attractive to MBA students willing to im-
merse themselves in east Asia. As a city-state,
it is one of the wealthiest societies in the
world, and boasts some excellent business
schools and international corporations
dealing with finance and logistics. Recently,
Singapore has been rated highly for its busi-
ness schools’ ability to provide MBA stu-
dents with the expertise required to work
in financial sectors. The National University
of Singapore Business School rated second
in the Asia-Pacific region and 14th in the
world, according to the QS Global 200
Business Schools Report’s assessment of the
financial specialization abilities of business
schools worldwide.
According to the TopMBA.com Jobs
and Salary Trends Report, the average MBA
salary for those in Singapore is US$82,700.
This places the city-state fourth among
Asia-Pacific countries, behind Australia,
Japan, and Hong Kong, where MBAs earn
on average US$117,800, US$92,000 and
US$87,500, respectively.
Business schools in Asia-Pacific are ris-
ing rapidly into, and upwards through the
ratings provided in recent years by QS and
other organizations such as the Financial
Times and Businessweek. With economic
growth, career opportunities and investment
in the region likely to continue expand-
ing in the future, it is also possible that the
attraction for potential MBA students will
maintain a similar momentum. Differences
in MBA specialization, salary expectations
and living environment will continue to
differentiate countries in the Asia-Pacific
region. But as a whole, it is unlikely that the
vibrancy of the region will dissipate in the
foreseeable future.
Business schools
in Asia-Pacific
are rising rapidly
into, and upwards
through the
ratings provided
in recent years
by QS and other
organizations
such as the
Financial
Times and
Businessweek
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T
raditionally, the MBA degree has
always been considered a golden ticket
to the world of professional success in India.
The country’s top business schools such as
the Indian Institutes of Management (IIMs)
and the Indian School of Business (ISB)
in Hyderabad, among others, have earned
pride of place in the global management
education arena.
IIM success stories include Raghuram
Rajan, ex-chief economist of the IMF and
professor of finance at the Chicago Booth
School of Business; Sunil Gupta, professor
of business administration at Harvard Busi-
ness School; and Indra Nooyi, chairman and
CEO of PepsiCo, to name a few.
Despite the aura surrounding the busi-
ness qualification in general, the profile of
the business school is what adds muscle to
the MBA degree, according to industry and
recruitment firms in India.
Aayush Sharma found this out the hard
way after graduating with an MBA from
a newly established business school last
year. Unable to get a job for nearly a year,
Sharma now works at a business outsourc-
ing company in Delhi, earning less than
what he paid to get the degree.
Business school selection: caution
advised
Unfortunately, there are many others like
Sharma who have invested unwisely in
management education from institutions
that are simply not respected by employers.
“Large companies generally zero in on
leading business schools such as the IIMs
and ISB when they are conducting recruit-
ment interviews,” says Kris Lakshmikanth.
Lakshmikanth is the founder, CEO and
chairman of Bangalore-based recruitment
firm, Headhunters India. “It is a well-
known fact that there is a large pool of
talent at these institutes and corporations do
not want to compromise on quality when it
comes to hiring people.”
Arun Pereira, clinical associate professor,
and head of the Centre for Teaching, Learn-
ing, and Case Development at ISB adds:
“Traditionally, the value of an MBA was
India’s widely
varying values
of MBA degrees
According to the QS Global 200
Business Schools Report 2012, many
of India’s top business schools have
become more reputable, particularly
in how they are perceived by MBA
employers. TopMBA.com’s India
correspondent Debeshi Gooptu Bakshi
advises applicants do their research
before applying
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measured by the extent to which it opens
doors to new opportunities and career op-
tions. Today, for many students, there is the
added requisite that these opportunities and
options are global in nature, drawing on the
exciting career growth prospects that are
tied to emerging markets.”
There is a significant gap between de-
mand and supply of management education
in India.
Nearly 300,000 seats are offered by over
3,000 business schools in India. Each year,
around 200,000 aspirants take the Common
Admission Test (CAT), the qualifying ex-
amination for the IIMs and over 150 other
business schools in the country. Another
200,000 write the Management Aptitude
Test (MAT) conducted by the All India
Management Association.
Of the 3,000 schools, the top 25 almost
always include the IIMs, ISB and a few
others. The remaining institutes can often
vary widely in terms of faculty, curriculum,
infrastructure and placement records.
The stiff selection criteria, followed by
the top schools, bear testimony to their
commitment to excellence. Additionally,
the leading schools boast 100% placements,
with graduate salary packages of around
Rs8 lakh (US$17,800) per annum and
above. Students from lower ranked schools
on the other hand, often receive packages as
low as Rs1.5 lakh (US$3,340) per annum
after struggling to find work during the
placement season.
According to the QS TopMBA.com
Jobs and Salary Trends Report, India and
China have typically reported much lower
MBA salaries than more mature markets,
such as Japan, Korea or Australia. A 3%
drop in MBA salaries in the region can be
explained by the increase in new MBA em-
ployers entering the marketplace, coupled
with an increase in the supply of MBA
graduates from local business schools. Many
from local schools are willing to accept
lower salaries than those from established
international business schools.
The report reveals 43% growth in
employer demand for MBAs in India dur-
ing 2010 and a further 57% growth during
2011. There is also a growth in MBA de-
mand in other parts of Asia, where salaries
have traditionally been low, but are set to
catch up with the rest of the world. In fact,
Asian employers targeting top international
business schools are becoming more com-
petitive and offering salaries which compare
directly with their Western counterparts. In
India, the IT, consulting and micro-finance
sectors have witnessed significant MBA hir-
ing increases in recent years.
Indian MBA accreditation and quality
control
Accreditation and international collabora-
tions are other areas where top schools
score high marks. Both IIM Ahmedabad
and IIM Bangalore have been accred-
ited by EQUIS, a European accreditation
agency. IIM Kozhikode meanwhile holds
UK-based AMBA’s accreditation, while the
ISB is accredited by AACSB International,
a North American agency. Additionally,
more Indian business schools are currently
going through the application stages for
accreditation by the three international
accrediting bodies mentioned.
With the demand for quality manage-
ment education on the rise, there has been
a corresponding rise in private players
cashing in on the situation and mislead-
ing students by offering inferior MBA
programs. There have recently been calls for
the government to set up an effective regu-
latory mechanism that could control the
operations of these institutes. Leading busi-
ness schools could also work together to set
up a code of conduct which newer schools
would need to adhere to, even mentoring
newer institutions to help them come up
with quality design and curricula.
Credit rating agency Credit Rating and
Information Services of India Ltd (CRISIL)
has launched a grading exercise for business
schools in the country to enhance transpar-
ency and help students and other stakehold-
ers make informed decisions. The agency
has graded 24 management programs so far.
Pereira of ISB says one of the main rea-
sons why the school is appealing to students
and employers is because the faculty is
‘hand-picked’ from some of the top institu-
tions in the US and Europe.
But in addition to the “unmatched
classroom experience of being taught by
a global faculty team,” Pereira says other
significant factors make ISB an attractive
option, such as, “the inimitable advantage of
being physically located in a BRIC country,
the value of being exposed to the unique
aspects of an emerging economy, and see-
ing first-hand the unique challenges of the
bottom-of-the-pyramid markets.”
These are important attributes, and
one of many factors that influence MBA
employer’s decisions over who to recruit,
is the business school that a candidate has
graduated from.
“Job opportunities for an MBA are
aplenty, especially in the present scenario.
Who we appoint will depend upon one’s
abilities, the reputation of the educational
institute, academic performance and special
skills,” concludes E Balaji, managing direc-
tor and CEO of global staffing services firm
Ma Foi Randstad.
144 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Indian Institute of Management Bangalore (IIMB)
A Premier B-School
Established in 1973, the Indian Institute of
Management Bangalore (IIMB) is an EQUIS
accredited management school offering a range of
doctoral, post-graduate and executive education
programmes. IIMB’s charter is to build leaders and
entrepreneurs through holistic, transformative and
innovative education.
Located in India’s high-tech capital, IIMB is
strategically positioned to expose students to all
facets of India’s burgeoning economy.
IIMB has been rated by Eduniversal as the No.1
B-school in Central Asia for four consecutive years, as
well as ranked as one of the top 35 business schools
worldwide, receiving the coveted ‘5 Palms’ status in
2010 and 2011.
At the core of IIMB is its faculty – a 140-plus
group of highly qualified researchers, educators
and practitioners from the best universities and
business schools worldwide. IIMB’s faculty generate
knowledge through cutting-edge research in all
functional areas of management. IIMB benchmarks
its curriculum against the best in the world to ensure
that it delivers world-class business education, based
on the best pedagogic practices, with a deep focus
on the Indian context.
IIMB has invested considerably in developing
multi-disciplinary Centres of Excellence that
focus on different areas such as Public Policy,
Entrepreneurship, Corporate Governance &
Citizenship and Supply Chain Management.
The IIMB Edge
IIMB’s curricula, innovative teaching methods,
exposure to industry best practices and experiential
learning emphasize the distinctive challenges of
managing in emerging economies. IIMB provides
a real experience of learning in a vibrant emerging
economy. Clubs, social projects and students’ self-
governance initiatives help build leadership skills.
IIMB has posted a strong and sustained placement
record because it is seen by global corporations as a
source of world-class talent for global locations.
The One-year Full-time MBA
The Executive Post Graduate Programme in
Management (EPGP) is a one-year, full-time MBA
programme designed for professionals with seven
to fifteen years of work experience, aspiring for
leadership positions. Internationally, it is one of the
few programmes of its kind with a focus on emerging
economies.
Graduating EPGP students received offers for
positions such as Associate Vice President, Group
CEO, Chief Strategy Officer, Business Unit Head, and
Operations Director from companies such as 3M,
Capgemini, Caterpillar, Ericsson, Google, JD Power,
Microsoft, PwC, Sapient, Shell, and Yahoo!.
The Two-year Full-time MBA
The Post Graduate Programme in Management (PGP),
a two-year, full-time, residential MBA programme, is
IIMB’s flagship. While prior work experience is not
mandatory, a majority of students in this programme
have work experience of two-three years.
The PGP has moulded and equipped some of the
brightest young people of India for more than thirty-
five years. Alumni of the PGP have distinguished
themselves across the world in leading organizations
in finance and investment banking, consulting,
sales and marketing. Recruiters on campus include
American Express, A.T. Kearney, Bain, BCG, Deloitte
Consulting, Goldman Sachs, McKinsey and P&G.
Vikas Bansal, EPGP 2010-11
Vikas Bansal is a business-
savvy technologist who is
passionate about high-tech
products. Before joining EPGP
at IIMB, he had worked for
13 years in internet, telecom
and embedded technology domains in functional
and cross-functional roles. Vikas currently works
with Yahoo! which offered him a senior role in
product management during campus recruitment.
According to Vikas, “My one year at IIMB has given
me the confidence to take on bigger challenges in
the business world. Besides an academically rigorous
exposure to both time-tested and contemporary
management practices, the programme gave me
opportunities to polish my leadership skills and
develop my professional network. It was indeed a
transformative experience.”
Kshitij Sheth, PGP 2009-11
Kshitij Sheth finished his
undergraduate studies from the
Wharton School, University of
Pennsylvania, with a Bachelor
of Science (Economics) degree,
specialising in finance. He then
had a two-year stint with Citigroup Global Capital
Markets in New York City. During his PGP at IIMB,
Kshitij interned with Morgan Stanley Private Equity.
He graduated in March 2011 and is currently an
associate at ChrysCapital Investment Advisors,
a private equity firm. In Kshitij’s words, “What
distinguishes IIMB from other business schools is
the depth of knowledge it provides on India. With
some of the best faculty and a focus on projects in
many courses, students are equipped with real-time
knowledge on several industries in the country, and
on the intricacies of running a business in India.”
Programme Type:
One-year Full-Time MBA
Programme (EPGP)
Two-year Full-Time MBA
Programme (PGP)
Specialisation by Function:
Decision Science
Economics
Finance
Human Resource Management
Information Management
Marketing
Operations Management
Organisational Behaviour
Strategic Management
ONE-YEAR FULL-TIME
MBA PROGRAMME (EPGP)
INFORMATION
Start Date:
April
Programme Duration:
11 months
Tuition Fee:
INR 2,257,500 (Approximately
USD ($) 50800)
- Includes tuition, course
material and off-campus,
furnished accommodation (single
occupancy)
Entry Requirements:
GMAT
Range (Years) of Full-time Work
Experience: 7-15
Application Fee:
Please refer to website.
TWO-YEAR FULL-TIME
MBA PROGRAMME (PGP)
INFORMATION
Start Date:
June
Programme Duration:
21 months
Tuition Fee:
INR 1,000,000 Per Year
(Approximately USD ($) 22500 /
Per Year)
- Includes tuition, course material
and dormitory accommodation
on campus
Entry Requirements:
CAT (Common Admission Test) of
IIMs / GMAT
Min. Years of Work Experience: 0
Application Fee:
Please refer to website.
Contact:
Ramalingam Meenakshisundaram
(Ram)
Manager - Office of International
Affairs
Indian Institute of Management
Bangalore
Bannerghatta Road, Bangalore-
560076
India
Tel: +91 (80) 26993396
Tel: +91 (80) 26584050
Email: intadm@iimb.ernet.in
Web: http://www.iimb.ernet.in
TopMBA Career Guide Spring/Summer 2012 145
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Student Profile
Lee Kong Chian School of Business,
Singapore Management University
Singapore Management University (SMU) is
Singapore’s national university focused on providing
a broad-based business education. Established by
Singapore’s Ministry of Education, SMU is distinct
from other Singaporean universities in that its
educational practices are modelled on world-class
institutions, in particular the Wharton School at the
University of Pennsylvania, which has played a key
role in SMU’s development.
According to Dr Tony Tan, former Deputy Prime
Minister (Singapore), “From its conception, SMU was
designed to provide a different model of university
education in Singapore. We wanted to start with
a clean slate instead of just adding another public
university in the mould of existing ones. From this
starting point emerged a confluence of factors that
make SMU special.”
Today, SMU is home to more than 7,000 students and
has 6 schools as well as 21 institutes. Within a few
short years, SMU has achieved wide recognition and
respect in Singapore, Asia and beyond.
Building on this momentum, the Lee Kong Chian
School of Business (LKCSB) is rapidly establishing
its credentials as one of Asia’s top business schools.
Today, LKCSB is a dynamic Asian business school
with over a hundred full-time faculty and more than
2,500 students. The school offers
undergraduate, master’s and
doctoral programmes.
According to Professor Howard
Thomas, Dean, LKCSB, “LKCSB is a
leading international school with
many distinguished academic
partners including the Wharton
School. We offer business and
management education at the
cutting edge of research and
practice relevant to the changing
world today. We pursue research
and teaching excellence to
achieve international reputation.
Further, we foster a high degree
of communication and participation within the
classroom, and aim to produce graduates who are
confident, competent, and socially responsible.
Students are encouraged to challenge their
professors with tough questions and expect
insightful replies. Every student who joins the school
should walk out with a global view attained through
activities such as international exchange and
internship programmes, and acquire the capability
to change at least part of the world for the better.”
The SMU campus is located in the heart of
Singapore, an integral part of Singapore’s central
business district. Surrounded by museums,
theatres, educational institutions, art galleries,
cafés, restaurants and a range of retail outlets,
SMU has formed close relationships with the
business community and the neighbouring cultural
institutions.
The campus is designed with open courtyards and
free-flowing walkways that allow for an easy and
natural integration with activities of the city. The
campus design and structure reflect and support
the character of SMU’s curriculum and its style of
teaching.
Why did I choose the SMU MBA?
The SMU MBA was the only programme that I
wanted to be part of, and it still is! When I look back
now, I would not have done it differently. It was a
relatively easy choice for me as I recognised that the
SMU MBA clearly stands out among the others. The
balance and dynamics of the learning experience,
which not only focuses on the hard skills but also on
the soft skills, interested me the most. Also, it offers
the accelerated 1 year programme that matched my
goal of efficiency. Last but not least, as it is located in
Singapore, the heart of Asia, it gives me a wonderful
opportunity to experience the best of both worlds
from the blend of East and West cultures.
My SMU MBA Experience
Joining the SMU MBA programme is one of the best
investment decisions I have ever made in my life. It
is such an exciting learning experience as there is
a high degree of continuous intellectual challenge
throughout the programme. The lively in-class
discussions and lectures given by the world-class
faculty are so engaging and impressive. As one of
my goals is to strengthen my business knowledge,
the SMU MBA meets my expectation as it gives the
exposure to the breadth and depth of business
perspective. No matter what career I choose later on,
I believe the knowledge and experience I acquired
will be valuable to shape me as a well-rounded
business professional.
Josephine Nicole
SMU MBA Class of 2011
BEc (Hons) in Accounting -
BINUS University International
(Indonesia)
BCom in Applied Accounting
Technology - Curtin University
of Technology
Previous Employment:
Senior Analyst at Stern Stewart & Co.
Programme Type:
Full Time MBA
Part Time MBA
Specialisation by Function:
General Management
Specialisation by Industry:
Finance
Energy
Technology
Family Business & Entrepreneurship
Full Time Course Information
Start Date:
January
Programme Duration:
12 months
Tuition Fee:
USD ($) 46,700
Entry Requirements:
Bachelor’s degree
Min GMAT score: 600
Min TOEFL Internet: 100
Min TOEFL Computer: 600
Min TOEFL Paper: 250
Min. IELTS : 6.5
Min. Years of Work Experience : 2
Application Fee:
USD ($) 80
Part Time Course Information
Start Date:
July
Programme Duration:
18 months
Tuition Fee:
USD ($) 48,360
Contact:
Edwin Lim, Senior Manager
Marketing & Admissions
Lee Kong Chian School of Business,
Singapore Management University
50 Stamford Road #04-01
Singapore 178899
Tel: +65 6828 1971
Fax: +65 6828 0427
Email: edwinlim@smu.edu.sg
Web: www.smu.edu.sg/MBA
146 TopMBA Career Guide Spring/Summer 2012
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Student Profile
The NUCB Graduate School
A World Leading Business School in the Heart
of Japan
Nagoya University of Commerce & Business (NUCB)
was established in 1953. The mission of NUCB is
based on our school motto ‘Frontier Spirit’. In all
graduate school divisions, we endeavor to meet the
highest global standards in management education
and to train highly skilled professionals who possess
a global perspective, a strong sense of ethics, as well
as the ability to contribute positively to both the
domestic and international business communities.
Accreditation & Recognition
The NUCB Graduate School is the first MBA
programme in Japan to hold dual accreditation from
both AACSB International and the Association of
MBAs. These hallmarks of excellence bestowed upon
NUCB by AACSB and AMBA cement NUCB’s strategic
initiative to be the best of the best among business
schools in Japan and Asia.
Moreover, NUCB’s Global Leader Program is the only
Master degree programme to be fully conducted
in English offered by any internationally accredited
business school in Japan. NUCB was ranked as the
sixth best business school and the Global Leader
Program ranked third out of all full-time MBAs in
Japan according to the Best Masters Ranking 2011.
Global Leader Program
Excellence is a hallmark of the NUCB Graduate
School, and our MBA degree supports this tradition
with a highly innovative and rigorous educational
programme. The cornerstone of the NUCB
tradition has always been about helping business
professionals become valued leaders in their chosen
field. Moreover, our programme was designed to
provide ample opportunity for MBA candidates to
develop the skills and thought processes necessary
to effectively manage changing technological
environments. Exposing our students to the social,
environmental, political, ethical, and international
factors shaping the global marketplace is an integral
part of the teaching and training approach at NUCB.
The goal of the NUCB MBA programme is to instill
in our students the motivation for embarking upon
or enhancing successful and rewarding careers in
global business environments. Our faculty and staff
members provide students with the knowledge and
skills needed for future employment and leadership
opportunities.
Gergo Halasi
Global MBA 2011
Hungary
Create your Competitive Advantage
“As a Full time MBA student I had the chance to make
friends from all over the world and improve myself in
many ways. It was a challenging study environment
as in every new semester excellent exchange
students arrived from different countries making it
difficult to be among the toppers. “
“The case studies used by the program and explained
by the Japanese business professionals allowed me
to get an insight why Japan was able to become the
second largest economy in the world in such a short
period of time. I personally think Japanese business
manner and the way the Japanese companies doing
business well respected due to their effectiveness
especially in Asia but all over the world as well.”
“Using the advantage that NUCB Graduate School
has exchange program with 54 partner schools
globally also creates a unique opportunity to
achieve global mindset and frontier spirit while
networking with business professionals at the same
time. I believe the skills you can collect during the
program creates an incomparable advantage for you
to become a global leader in the future.”
Programme Type:
Full Time MBA
Part Time MBA
Specialisation by Function:
Accountancy & Financial
Brand Management
Change Management
Corporate Governance
Crop-Risk Management
Entrepreneurship
Finance
General Management
Human Resource Management
Information Management
Innovation / Knowledge
Management
International Management /
Business
IT Management
Leadership
Marketing
Operations Management
Organisational Behavior
Risk Management
Strategic Management
Supply Chain Management
Specialisation by Industry:
Automotive
Banking / Financial Services
Consulting
Environment
Hospitality
IT / Telecommunications
Media & Entertainment
Pharmaceutical / Bio-Medical
Public Sector
Publishing
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
April, September
Programme Duration:
12 months
Tuition Fee:
USD ($) 10500 / Per Semester
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score
: N/A
Min. TOEFL Paper Based Score : 550
Min. IELTS : 6
Min. Years of Work Experience : 3
Application Fee :
USD ($) 350
Part Time Course Information
Start Dates :
April, September
Programme Duration :
24 months
Tuition Fee :
USD ($) 630 / Per Credit
Contact:
Kyoko Hayakawa
Managing Director
The NUCB Graduate School
1-20-1
Nishiki, Naka-ku
Nagoya, Aichi
460-0003
Japan
Tel: +81(0)52 203 8111
Fax: +81(0)52 221 5221
Email: mba@nucba.ac.jp
Web: www.nucba.ac.jp/en/
TopMBA Career Guide Spring/Summer 2012 147
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Student Profile
School of Economics and Management,
Tsinghua University
Tsinghua School of Economics and Management
(SEM) was one of the first nine business schools in
China to establish MBA education back in 1991.
Later, in collaboration with MIT Sloan School of
Management, the School launched the International
MBA (IMBA) in 1997. In the short time since its
creation, the IMBA program has rapidly developed
into one of the most influential MBA programs in
China. The program is dedicated to cultivating future
leaders with world-class management capability. A
well-diversified elite student body with a balance
of half Chinese and half international creates a truly
multi-cultural learning atmosphere.
Through the IMBA education, students could
enhance their management capabilities and
broaden their vision and network by participating
in activities such as applied learning programs,
MIT-Tsinghua China Lab, China Roots, international
exchange programs, overseas study strips, corporate
visits, case competitions and the Alumni Mentorship
Program. In addition to the International MBA
Program, Tsinghua SEM also offers a full-time and a
part-time MBA that is taught in Chinese. Today, we
are proud of our more than 7,200 MBA graduates,
who have gone on to make important contributions
both domestically and internationally.
Deep China Roots
Here at the MIT-Tsinghua IMBA Program, students
experience China in a way that can only be done
by attending one of the country’s most historic
universities while being immersed in an optimal
environment for the development of language
skills and cultural understanding. The cohort class
gives every student ample time to share their
personal experiences and professional knowledge
with fellow classmates both inside and outside of
the classroom. Our newly restructured curriculum
emphasizes the practical application of global best
practice management and leadership theory in the
context of China’s unique business environment.
Tsinghua IMBA candidates would acquire key
insights on how to successfully do business in China
from internationally renowned professors, successful
alumni and distinguished guests.
Collaboration with MIT Sloan
The IMBA program benefits greatly from our
collaboration with the prestigious MIT Sloan School
of Management, including curriculum design, course
material, faculty training and program services. IMBA
students will receive a MIT Sloan Course Certificate in
addition to the MBA degree from Tsinghua University.
Since the beginning of the IMBA program, MIT Sloan
faculty have travelled to Tsinghua regularly to deliver
guest lectures on a wide variety of subjects and
issues. In addition, the well-received MIT-Tsinghua
China Lab Program gives selected students from
MIT Sloan and Tsinghua IMBA an opportunity to
work closely via the Internet and face-to-face for
one semester on live consulting projects for Chinese
companies under the supervision of professors from
both schools.
Positioning Students for Success
The IMBA Program is fully engaged with Tsinghua
University’s enormous and influential alumni network
in order to open doors and enhance our students’
long-term career prospects. Through numerous
events, seminars and recruiting opportunities, IMBA
students connect not only with top multinational
corporations, but also private Chinese companies
and Chinese state-owned enterprises. Both Chinese
and international students are able to leverage
Tsinghua’s powerful brand-recognition and long-
standing reputation for producing China’s top
business and government leaders.
Thomas Gatley
MIT-Tsinghua International
MBA Program 2010
Undergraduate: Oxford University
GMAT: 770
Work: 4 years, LIM Advisors to
MWM Consulting & JPMorgan
Chase
Financial Times MBA Blog:
http://blogs.ft.com/mba-blog/author/thomasgatley/
“Increasingly, the global business community
is coming to realize something that has been
evident for some time to the elite global
business leaders currently serving on the
Tsinghua Advisory Board. To engage effectively
with China, as it is becoming ever more essential
to do in the modern global economy, there is no
better way than to immerse yourself deeply in
the society and culture.
Tsinghua University occupies a place in the
Chinese psyche somewhat equivalent to
Oxbridge & the Ivy League rolled into one, and
the school’s network is consequently pretty
formidable. Moreover, the school (and many of
our individual professors) enjoys an unparalleled
degree of influence on the political and economic
development of the country. But more than that,
working day in day out here at Tsinghua with
classmates from international firms, domestic
champions like Huawei and the state sector and
government has afforded me an insight into the
new wave of Chinese global leadership that I
simply could not have found anywhere else.
Sure, the MIT-Tsinghua IMBA is international,
and the relationship with MIT Sloan ensures
global best practice with regard to curriculum
and methodology, but what makes this MBA
truly unique is how authentically Chinese it
remains. That’s why I came to study here, that’s
why I was able to secure an internship with
a top tier Asian hedge fund, and that depth
of acculturation will, I believe, be critical to my
future success in a global marketplace that
increasingly has Chinese characteristics.
Programme Type:
Full-time MBA
Specialisation by Function:
General Management
Full Time Course Information:
Start Dates:
August
Programme Duration:
24 months
Tuition Fee:
USD ($) 30,000 / Total Program Cost
(Fee for Academic Year 2013-2014 is subject to change.)
Entry Requirements:
Degree: Bachelor and above
GMAT Score: Required
Work Experience: Not required, but 3 years and above
preferred
Application Fee:
USD ($) 100
Contact:
MBA Office
Room 119, Shunde Building
School of Economics and Management
Tsinghua University
Beijing, 100084
China
Tel: 8610-62797196
Fax: 8610-62796933
Email: intlmbaadm@sem.tsinghua.edu.cn
MBA Website: http://mba.sem.tsinghua.edu.cn/mbaen
Accredited by:






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A golden coast
the benefits
of studying in
Australia
Australian salaries are high and
schools in the country are favorable
among recruitment managers. But
interest among MBA applicants has
dropped slightly. Kin Ly explores the
benefits of studying in Australia
W
hile Australian employers offer MBA
graduates the highest average salaries
within the Asia-Pacific region, interest in
taking an MBA there has dipped slightly
according to research by QS.
A total of 2,140 employers world-
wide who were actively recruiting MBAs
contributed to the TopMBA.com Jobs and
Salary Trends Report 2011/2012, provid-
ing details of the annual salaries that they
offer MBA graduates. The report found
that those working in Australia are paid
on average US$17,100 more than those in
Japan – the country offering the second
highest average MBA salary in the region
at US$92,000. Hong Kong follows in third
place with an average salary of US$87,500,
and Singapore next at US$82,700.
Globally, Australian employers offer
the second highest average MBA salary at
US$109,100. This puts the country behind
Switzerland, where employers offer MBAs
US$10,300 more than Australian employers.
Interestingly, businesses worldwide
rate the country’s MBA programs highly,
specifying a number of Australian business
schools as their preference for hiring MBAs.
But despite the financial gains, fewer MBA
applicants are showing interest in taking an
MBA in Australia.
Behind the data: applicant trends
Data from the TopMBA.com Applicant
Survey 2011 shows that Australia fell two
places in a list of the most popular study
destinations among future MBAs. In 2009,
Australia was listed as the world’s fourth
Employers
worldwide rate
Australia’s MBA
programs
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most popular study destination, but fell to
sixth place this year with 18% of the 4,527
survey respondents specifying it as their
preferred location to take an MBA.
Data on the number of GMAT scores
sent to Australian business schools also
suggests that the country is dropping in
popularity among MBA applicants. Australia
slipped from 10th to 11th place in 2010
according to the number of GMAT tests
received by business schools in the country.
Despite this, Alex Chisholm, senior
research analyst at GMAC refutes that the
data is reflective of a drop in interest.
“Despite the one-place drop, the
number of score reports sent to Australian
business schools actually increased from
2,831 to 4,156 between 2006 and 2010, an
increase of nearly 50%,” he says.
“Australia is also unique in terms of
the origin of students sending scores to its
schools. In test year 2010, 88% of the 4,156
scores sent to Australia were from foreign
citizens. This speaks volumes to the at-
tractiveness of pursuing higher education in
Australia,” he adds.
Less focus on the GMAT, more on
experience
Guy Ford, deputy dean at Macquarie
Graduate School of Management agrees.
Comparing Australia’s GMAT uptake
rates to the US, which received one of the
highest number of GMAT scores from
applicants; he concludes that there is less
emphasis on the test in Australia.
While the number of MBA applicants
sending GMAT scores to Australian busi-
ness schools has doubled since 2006, the
number is still small when compared to the
number of GMAT scores received by the
US. However he explains, “This is because
the majority of our students are local and
study part time, and GMAT is less relevant
for them and us, particularly given our en-
try requirement of managerial/professional
experience. We do not ask our full-time
students to sit the GMAT, but we encour-
age them to provide their GMAT scores if
they have them, and around 50% of students
do in their applications.”
Robert Widing, dean at the Australian
business school explains that the reason
why the GMAT is of less relevance is be-
cause unlike the US, there is less variation
in the standard of Australian undergradu-
ate institutions.
“Due to grade inflation over the past 20
to 30 years in universities in the US, along
with wide variation in standards across
literally thousands of US undergraduate in-
stitutions, a standardized test such as GMAT
is of great value in identifying applicant
quality than in Australia,” he says.
“Australia has about 40 undergradu-
ate institutions that have far less variability
in quality standards and much stronger
enforcement of grade distributions than the
US. Hence, admissions decisions using un-
dergraduate marks can be depended upon,
without the assistance of a standardised test
to identify quality applicants,” he adds.
Growth in number of business schools
Looking ahead, Jan Williams, chair of the
Association to Advance Collegiate Schools
of Business (AACSB) – a US-based or-
ganization that provides business school
accreditation globally – suggests that over
time there will be an increase of accredited
business schools in Australia.
“There are currently 10 Australian [busi-
ness schools] that have been accredited by
AACSB. We have provided accreditation to
one or two business schools in the country
every year. There hasn’t been any school in
that region that has gained and then lost
their accreditation status. The number is
going up slowly.”
Findings in the latest QS Global 200
Business Schools Report provide further
evidence that Australia is improving yet
further in its MBA offerings. Over 4,500
businesses worldwide which are actively
recruiting MBAs, provided details of
which schools they prefer to recruit from.
They rated 11 Australian business schools
among the top schools in Asia-Pacific.
Melbourne Business School was the
highest rated business school in Australia,
placed third in the region by thousands of
employers across the globe.
Other business schools that have fea-
tured prominently in the MBA employer
rating include Macquarie Graduate School
of Management, Monash University
Faculty of Business and Economics, and
Sydney Business School at the University
of Wollongong.
Professor John Seybolt, former dean
at Melbourne Business School says that
Australia’s improving MBA profile among
employers is partly due to the country’s
long European heritage and location.
“Australia is a bridge between both cultures,
perfect for [English speaking] students seek-
ing exposure to the emerging Asia-Pacific
markets in the comfort of an international
English speaking country.”
152 TopMBA Career Guide Spring/Summer 2012
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Student Profile
AGSM MBA Programs are delivered through the
Australian School of Business at the University of
New South Wales. The AGSM MBA, introduced in
1977, provides a world-class business education
and unequalled networking opportunities that
consistently give AGSM alumni what is required to
achieve ambitious career and personal goals.
The AGSM MBA is a world-class program, ranked
number one in Australia and in the top 50 in the
world – Financial Times (UK), Global MBA Rankings,
2012. Its strong reputation amongst employers of
MBA graduates is founded on the excellence of the
learning experience and strong industry networks
that prepare students for the rigors of senior
management.
With over 270 faculty members at the Australian
School of Business at the University of New South
Wales, and a typical cohort of students representing
a wide range of geographical and professional
backgrounds, the AGSM MBA Program is truly
diverse.
Students on the AGSM MBA program are very active,
organising a wide range of student-led events,
providing a range of attitudes and experiences that
make the AGSM MBA truly international.
Phillip Whatmore
MBA Class of 2010
Origin: Chile
Before AGSM MBA: Sales Manager for an industrial
automation company, Chile.
Current Position: Senior Consultant at PwC, Australia.

I chose the AGSM MBA because I had been in Sydney
once for business and was really looking forward to
experiencing living there; at the same time, AGSM
had a very good global ranking along with a really
attractive history of post-MBA work opportunities
for its alumni. My most valuable takeaway from the
program was the diversity of cultures and the way
we shared them. It was a truly great experience.
That said, the AGSM offers a fair amount of elective
courses, guest speakers and readings, which met
many of my learning expectations.
University of New South Wales
Australian Graduate School of Management
Programme Type:
Full Time MBA
Part Time MBA
Joint Degree Programmes Offered:
MBA + LLM (Master of Law)
Specialisation by Function:
Change Management
E-Commerce / Business
Entrepreneurship
General Management
Innovation / Knowledge
Management
Leadership
Marketing
Operations Management
Organisational Behavior
Personal Development
Strategic Management
Statistics
Specialisation by Industry:
Banking / Financial Services
Consulting
Environment
Government
Hospitality
IT / Telecommunications
Media & Entertainment
Non - Profit Organisation
Oil & Gas
Pharmaceutical / Bio-Medical
Public Sector
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
January
Programme Duration:
16 months
Tuition Fee:
AUD ($) 68,160/ Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Internet Based Score:90
Min. TOEFL Paper Based Score:577
Min. IELTS : 6.5
Min. Years of Work Experience : 2
Application Fee :
AUD ($) 50
Part Time Course Information
Start Dates :
February, June, September
Programme Duration :
30 months
Tuition Fee :
AUD ($) 67,370/Total Program Cost
Contact:
Beatrice Cooney, AGSM MBA
Programs Recruitment &
Admissions Team Leader
Australian Graduate School of
Management (AGSM)
Australian School of Business
University of New South Wales
Gate 11, Botany Road, Randwick
Sydney, NSW 2052
Australia
Tel: + 61 (2) 9931 9490
Fax: + 61 (2) 9931 9539
Email: admissions@agsm.edu.au
Web: www.agsm.edu.au/
futureleaders
TopMBA Career Guide Spring/Summer 2012 153
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Student Profile
La Trobe University
La Trobe Business School
Study your MBA in Melbourne, the world’s most liveable city
The La Trobe MBA is aimed at the working
professional seeking to accelerate a career in
general management. A key aspect is studying
under the direction of experienced professionals
from a range of industries and from around the
globe, offering wide-ranging expertise and new
perspectives on students’ careers.
This internationally accredited MBA is designed
to produce modern and responsible business
leaders who have the expertise to develop
and sustain competitive advantages for their
organisations. Accordingly, the curriculum
encompasses the UN-backed Principles for
Responsible Management Education (PRME) and
a comprehensive personal and professional skills
development component.
The La Trobe MBA is the first in Australia to
receive the prestigious European Foundation
for Management Development (EFMD) EPAS
accreditation, and it consistently ranks in the
top 10 MBA programs in Australia. In 2011, the
program was awarded a five-star rating from the
General Management Association of Australia
and was ranked in the top 25 in Asia-Pacific by
QS TopMBA.
The MBA was also ranked in the global top 100 in
the 2011-2012 Beyond Grey Pinstripes ranking of
MBAs with social and environmental impact.
Course structure
The La Trobe MBA comprises 12 subjects – eight
compulsory core subjects and four electives.
Students also complete mandatory professional
experiences. An intensive summer semester
allows every student to tailor the MBA to suit
their specific needs and accelerate the program
to finish in 12 months.
One of the subjects is broken down into three
components where students choose from a
comprehensive menu of short personal and
professional development units. Indicative titles
of units include Negotiation Skills, Conflict
Resolution and Personal Leadership. These
are highly personalised subjects, designed to
sharpen and enhance the skill-set of the modern
responsible manager.

Principles for Responsible Management
Education (PRME) are present throughout
the program. For example, triple bottom line
reporting is taught as an accounting practice and
green supply chain management is an integral
part of the marketing subject.
Students can expand their horizons even further
by participating in one of our annual international
study tours to Vietnam, France or Mexico. These
tours provide a platform for students to engage
in specialised research and network with fellow
students from top institutions around the globe.
The innovative e-portfolio provides an
opportunity for students to engage in guided
reflection of their learning and how it can be
applied in their own context. Through this,
students have an opportunity to develop and
focus their learning experience in the direction
they want.
Boardroom Simulation is the very last experience
in the program. Students engage in a real-time
simulation delivered in a residential mode. Real
boardroom directors pose real-life challenges to
the group, which is given 24 hours to respond.
CRICOS provider number: 00115M
“The La Trobe MBA offered a culture where
collaborative learning was emphasised. The lecturers
worked with students as they would their peers and
students worked together rather than against each
other. It allowed me to think and work outside my
sphere of expertise and has directly resulted in
promotion to a management position at a leading
Australian financial institution.
The study tour to IPADE in Mexico was an absolute
highlight, offering me the opportunity to work with
some of the best MBA students from around the
globe – at one of the best MBA schools in the world.
This presented the opportunity to stay ahead of
the game and arm myself with skills and expertise
required to be a leader in a global marketplace.”
Chris Mazurek
Project Manager, National Australia Bank
Program Type:
Full-time MBA
Part-time MBA
Joint Degree Programs Offered:
MBA + Master of Health Administration
MBA/Master of Financial Analysis
Specialisation by Industry:
Banking / Financial Services
Consulting
Environment
Government
IT / Telecommunications
Media & Entertainment
Non-Profit Organisation
Public Sector
Retail / Consumer Goods
Full-time Course Information
Start Dates:
February & July
Program Duration:
18 months, 12 months in accelerated mode
Tuition Fee:
USD ($) 43 920 / Total Program Cost
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Computer Based Score : 233 (with
a score of 5 in essay writing)
Min. TOEFL Paper Based Score : 575 (with
a score of 5 or more in the test of written
English)
Min. TOEFL Internet-Based Test: A minimum
score of 88 with no individual score less
than 22
Min. IELTS : 6.5 with no band score less
than 6.0
Min. Years of Work Experience : 3
Application Fee :
Application fees will be waived if you enter
“MBA Career Guide” when applying directly
online at www.latrobe.edu.au/international/
apply
Part-time Course Information
Start Dates :
February & July
Program Duration :
up to 48 months
Tuition Fee :
USD ($) 43 920 / Total Program Cost
Contact:
Jogvan Klein
Manager (Development and Engagement)
La Trobe Business School
Melbourne, Victoria
3086
Australia
Tel: +61 (3) 9627 4805
Email: international@latrobe.edu.au
Web: www.latrobe.edu.au/business
154 TopMBA Career Guide Spring/Summer 2012
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Student Profile
Macquarie Graduate School of
Management, Macquarie University
Macquarie Graduate School of Management (MGSM)
is the second oldest business school in Australia and
celebrated its 40th anniversary in 2009. Over the
past 40 years MGSM, as one of the leading business
schools in the Asia-Pacific region, has developed
a reputation for providing high quality, flexibile
postgraduate business education. MGSM programs
extend and challenge students and provide very
relevant, higher management and leadership skills
for the leaders of the future.
MGSM has two campuses in Sydney, one at Macquarie
University in North Ryde and another in the Sydney
CBD. It also has a highly regarded campus in Hong
Kong. The school is consistently ranked and rated;The
Economist FT MBA survey, AFR Boss MBA survey,
Good Universities Guide and the MBA Career Guide.
The program is renowned for its quality, flexibility and
extensive subject range. MGSM’s MBA is intensive
and rigorous, with a strong emphasis on workplace
relevance.
The program develops a strategic business
perspective, focusing on the competitive advantage
of the enterprise. The MGSM MBA emphasises
a general grounding in management; exposes
participants to the perspective of functional
managers; and adopts the perspective of the
general manager, developing the expertise to steer
an organisation toward achieving and sustaining
competitive advantage.
MGSM’s entry standards ensure students bring
considerable work experience and expertise to
the classroom environment. MGSM has been
consistently ranked #1, #2 or #3 in the world for
student quality (Economist Intelligence Unit, Which
MBA? Global Full-Time MBA Rankings). Students
are able to share in the collective knowledge and
experience of their fellow students, while MGSM’s
highly qualified faculty bring “real-world” expertise
to the classroom.
MGSM provides a learning environment which
enables those managers who will guide future
competitive advantage to access knowledge
and skills that will keep them at the forefront of
management theory and practice.
The MGSM MBA has been specifically structured to
suit the needs of students with active professional
careers and can be completed in one year of full-
time study or two to three years of part-time study,
depending on country of enrolment.
MGSM provides a superior level of support to
students throughout the duration of their program
including a dedicated Careers Service and a
Mentoring Program. Upon graduating students
continue to benefit from a network of more than
14,500 alumni in 71 countries around the world.
MGSM: Go further
Daryn Saretzki
Director
Ernst & Young
I chose MGSM because of the
flexibility of the program, I was
able to choose courses from a
selection of electives that I was
interested in and able to mix weekly lectures and
block classes, which gave me the flexibility to design
the program around my life and my work. I was also
attracted to MGSM by the high quality group work
and the opportunity to apply my learnings to real life
business issues.
Studying my MBA at MGSM resulted in me
developing a great network of similarly minded
professionals, many of whom have now become
friends. Additionally I have a much stronger ability
to manage my time and balance different priorities,
and I’ve developed a new perspective on how to
look at problems and issues and apply different
approaches to solving them.
The MBA from MGSM has certainly helped further
my career. Initially it enabled me to change my
career path and subsequently it has helped me to
accelerate progress within my workplace. It has
also given me some excellent tools and new ways
of thinking to apply to my day-to-day work. The
networks built whilst studying my MBA are now
starting to show their value, as my fellow students
and myself have grown in the business world and are
now findings opportunities to work together.”
Program Type:
Full Time MBA
Part Time MBA
Full Time Course Information
Start Dates:
January, June
Program Duration:
12 months
Tuition Fee:
Please refer to website
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Internet Based Score : 90
Min. TOEFL Paper Based Score : 570
Min. IELTS : 6.5
Min. Years of Work Experience : 2
(Managerial)
Application Fee :
USD ($) 110
Part Time Course Information
Start Dates :
January, April, June, September
Program Duration :
24 months
Tuition Fee :
Please refer to website
Contact:
Macquarie Graduate School of Management,
Macquarie University
Sydney, NSW
2109
Australia
Tel: +61 2 9850 9017
Fax: +61 2 9850 9022
Email: mgsminfo@mgsm.edu.au
Web: www.mgsm.edu.au
TopMBA Career Guide Spring/Summer 2012 155
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Student Profile
Melbourne Business School
The University of Melbourne
Global. Business. Leaders
Melbourne Business School (MBS) is renowned
for consistently delivering high quality learning
experiences and leading edge business outcomes
since offering Australia’s first MBA in 1963. MBS
is one of the leading business schools in the Asia
Pacific region.
MBS was established and is jointly owned and led by
corporate Australia and the University of Melbourne
– one of the world’s leading research institutions. The
business community provides ongoing involvement
and support across all programs.
MBS offers students a culturally rich, boutique
business school experience, with more than 70
countries represented in the classroom. This creates
an environment where students learn about
business from a global perspective while developing
intercultural communication skills in high demand
by corporations. MBS has exchange partnerships
with more than 40 institutions globally.
The school has a highly internationalised faculty –
respected teachers who are world leaders in their
fields. They are actively engaged with business, and
publish their research in top-tier journals, bringing
their up-to-date knowledge into the classroom.
Students bring their diverse backgrounds, work
histories, industry knowledge and life experience
with them to MBS. This combination creates a
dynamic learning environment.
The Executive MBA takes place in four, month-long,
fully residential modules over a 14-month period.
This structure allows participants to contain the
demands of work, study and home life. An overseas
module takes place at leading global business
schools: Kellogg in Chicago, USA, and WHU in
Koblenz, Germany. Students also travel to Beijing
and Shanghai for an academic program developed
and delivered by MBS faculty, which includes guest
speakers and company visits.
Programs at MBS are academically rigorous.
They foster leadership, giving students the skills,
knowledge and confidence they need to shape
the future and address the critical issues faced
by managers today. MBS graduates are leaders
equipped to cope with marketplace challenges and
change.
Learning at MBS continues outside the classroom
where students are encouraged to participate in
wider school life. Extracurricular activities offered
at MBS are vast and include forums, seminars and
industry events organised by Career Services and
Alumni teams. Students can also join a wide range
of clubs and societies tailored to individual interests.
The quality of the education provided by MBS is
consistently confirmed by leading international
publications. The flagship MBA program is ranked
No. 1 in Asia Pacific in The Economist’s ‘Which MBA
2010’ report. The Executive MBA is in the Financial
Times top 50. Short executive education programs
offered via Mt Eliza Executive Education were ranked
No.1 in Asia Pacific for 2008, 2009 and 2010 by the
Financial Times.
Melbourne Business School has received
independent quality assurance by two global
business school accreditation bodies. The School has
had full Equis accreditation since 2006 and gained
AACSB accreditation in 2011.
Students graduate from MBS and forge successful
careers while continuing their relationship with the
school as alumni. This prestigious global network
has more than 14,000 members. The school’s
diverse structure, world-class teaching standards
and commitment to alumni ensure that MBS is a
truly international school with an impact that is felt
around the world.
www.mbs.edu/mba
www.mbs.edu/emba
Weng Mina
Origin: Philippines
Course: MBA (full-time), 2011
Degree: Business Management, De
Lasalle University, 2001
Industry: Consulting
Weng Mina thought long and hard about doing
an MBA in the US... and then chose Australia. The
Philippines national says Australian MBAs offer more
career prospects than US MBAs. In one of life’s twists,
she’s now working for Ernst & Young in Atlanta.
She’d previously worked in sales and marketing
for Shell. “I loved marketing but I knew that to be
a holistic manager I needed to know more about
operations, strategy and finance and the best way to
do that was to go back to school.”
Australia offered economic stability, growth
prospects and close links to Asia. “When I was
thinking about doing an MBA, the US was in a slump
and my friends there told me that as international
students they found it difficult to get placements.
Australian MBA programs offer a much better
chance of getting a job or internship, so the return
on investment is better.”
Weng was impressed with the MBS rankings, and the
global classroom, with more than 70% of students
coming from outside Australia and NZ. “It’s fun,
enriches the learning and gives a wider perspective
in classroom discussions.”
Other pluses were the January and September
intakes, and internships. “Other business schools
did not offer a September intake or an internship
program. I was keen to use the internship program
as a springboard to gain international business
experience.”
Programme Type:
Full Time MBA
Part Time MBA
Weekend MBA
Executive MBA
Joint Degree Programmes
Offered:
MBA + JD
MBA + Master of Marketing
MBA + MIS
Specialisation by Function:
Accountancy & Financial
E-Commerce / Business
Economics
Entrepreneurship
Finance
General Management
Human Resource Management
Innovation / Knowledge
Management
International Management /
Business
Leadership
Marketing
Operations Management
Organisational Behaviour
Strategic Management
E-Business
Specialisation by Industry:
Banking / Financial Services
Consulting
FMCG - Fast Moving Consumer
Goods
IT / Telecommunications
Non - Profit Organisation
Oil & Gas
Pharmaceutical / Bio-Medical
Public Sector
Retail / Consumer Goods
Venture Capital & Private Equity
Full Time Course Information
Start Dates:
January, September
Programme Duration:
16 months (20 with internship
option)
Tuition Fee:
Please refer to website
Entry Requirements:
Min. GMAT Score : 570
Min. TOEFL Computer Based
Score: 253
Min. TOEFL Paper Based Score : 610
Min. IELTS : 7
Min. Years of Work Experience : 2
Application Fee :
Please refer to website
Part Time Course Information
Start Dates :
January, May, August
Programme Duration :
36 months
Tuition Fee :
Please refer to website
Executive MBA
Start Date:
March
Programme Duration :
14 months (modular)
Tuition Fee :
Refer to website
Contact:
Melbourne Business School
The University of Melbourne
200 Leicester Street
Carlton, Victoria
3053
Australia
Tel: +61 3 9349 8200
Fax: +61 3 9349 8404
Email: study@mbs.edu
Web: www.mbs.edu/mba
www.mbs.edu/emba
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Monash University
Faculty of Business and Economics
The Monash MBA aims to develop individual
leadership and personal capabilities, and provides
an holistic approach to business challenges and
issues alongside conventional discipline-based
academic subjects. The program emphasises the
development of innovative thinking capabilities, and
an awareness of the moral and ethical responsibilities
of management as a professional practice.
Outstanding quality
One of the premier MBA programs in Australia, the
Monash MBA is regularly ranked in the top 100 in
the world. The program’s international standing is
reflected in its accreditation by the Association of
MBAs (AMBA), and the Faculty is accredited by the
European Quality Improvement Standard (EQUIS).
Monash University is one of the Group of Eight,
Australia’s leading universities, recognised for
excellence in research, scholarship and teaching.
The redesigned Monash MBA program brings
together the best aspects of the top MBAs around
the world.
t The program comprises 12 units and a 4-unit
Corporate Project, offered over two years (full-
time), with the option to accelerate progress
through the program to complete it in around 18
months (based on academic achievement after
completion of specified units).
t Building on our world leading reputation for
leadership and personal development, the
new program gives further emphasis to the
development of critical thinking, strategy and
leadership capabilities.
t The corporate project will equip students with core
consultancy and investigative skills, and provide an
opportunity to explore a work-based business or
management problem.
t MBA students experience a more integrated
cohort approach, working through the program
together, giving rise to increased professional
networking opportunities, and a solid basis for the
development of future relationships as program
alumni.
t The program will be delivered in a combination of
intensive block and semester modes.
Who should apply?
The new Monash MBA is aimed at career
professionals with the capability and ambition to
be future leaders; who have a truly international
outlook; who are both independent thinkers, and
team players and who bring a diversity of experience
and insight to the program.
A sophisticated educational experience
Personal development activities are designed to
complement academic studies and form an integral
part of the Monash MBA program. These activities
range from intensive orientation sessions, to critical
thinking and communication, developing skills
in self-analysis and dynamics of group behaviour,
leadership development, mentoring, and career
development strategies.
The program is delivered at the Caulfield campus of
Monash University. The campus has excellent public
transport links to the Melbourne CBD and the south-
eastern suburbs, and has a multi-storey carpark.
The purpose-built MBA centre comprises lecture
theatres, student lounges, reading rooms and
breakout facilities all equipped with wi-fi, computing
and state of the art audio-visual technologies.
Students also have access to the outstanding library
resources of the university.
Katea Downie
General Manager Human Resources
Commercial – Fosters Group
“I believe a Masters degree is almost
mandatory to be considered for
senior roles in the current competitive job market. As
an HR practitioner an MBA is a strong differentiator
as it shows a commitment to developing skills
beyond my discipline and allows me to broaden my
general business understanding. I decided to do my
MBA at Monash because it’s a strong brand and well
regarded by the business community.
“In order to fully commit to the course, I took a year
off work and studied full-time in the first year to
reacclimatise to study, gain some momentum, and
to establish some sound relationships within the
program. I then continued the course part-time,
completing it in 2010.
“There are some genuinely outstanding faculty
members in the MBA program. Many lecturers are
balancing teaching with work in industry and they
bring contemporary perspectives to the MBA units.
“My decision to undertake this MBA program was also
based on the quality and structure of the program,
the flexibility of the various delivery modes and the
profile of the typical Monash MBA student. I really
enjoyed the opportunity to work with students from
various countries, professional backgrounds and
age groups. The MBA has a very friendly culture and
students readily support each other, especially the
more mature students who share their knowledge
and experience with the younger students.”
Programme Type:
Full Time MBA
Part Time MBA
Specialisation by Function:
Accountancy & Financial
Change Management
Corporate Governance
E-Commerce / Business
Economics
Entrepreneurship
Finance
General Management
Health Care Management
Human Resource Management
Information Management
International Management /
Business
IT Management
Leadership
Marketing
Operations Management
Organisational Behavior
Personal Development
Risk Management
Strategic Management
Supply Chain Management
Professional Practice Management
Specialisation by Industry:
Banking / Financial Services
Consulting
FMCG - Fast Moving Consumer
Goods
IT / Telecommunications
Pharmaceutical / Bio-Medical
Public Sector
Full Time Course Information
Start Dates:
January
Programme Duration:
24 months
Tuition Fee:
USD ($) 65340 / Total Program Cost
Entry Requirements:
Min. GMAT Score : N/A
Min. TOEFL Paper Based Score : 600
Min. IELTS : 7
Min. Years of Work Experience : 5
Application Fee :
USD ($) 50
Part Time Course Information
Start Dates :
January
Programme Duration :
48 months
Tuition Fee :
USD ($) 65340 / Total Program Cost
Contact:
Dr. Jane Holcombe
Manager, MBA Program
Monash University Faculty of
Business and Economics
Building N
27 Sir John Monash Drive
Caulfield East, Victoria
3145
Australia
Tel: +61 3 9903 2271
Fax: +61 3 9903 2718
Email: mba@monash.edu
Web: www.mba.monash.edu.au
TopMBA Career Guide Spring/Summer 2012 157
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Student Profile
Sydney Business School
University of Wollongong
Sydney Business School
Sydney, Wollongong
An Independent Faculty of the University of
Wollongong
The SBS MBA is designed to promote your career
development. You will be studying alongside
students from more than 50 countries, giving you a
truly international culture and focus that will benefit
you as you progress through your business career.
Our alumni find careers that take them all around
the world. The impact that studying for an MBA has
on your career depends upon your past experiences,
your motivation to succeed and your desire to
never stop learning. We provide a stimulating
learning environment using a blend of teaching
methodologies that focus on Australian, Asian and
global business issues.
The full-time MBA program comprises 8 core
and 4 elective units, which are structured across
a broad range of management and business
themes. Included in the SBS
MBA are six one day Master
Classes which focus on current
issues in business. In addition,
students have the opportunity
to participate in a number of
formal exchange programs
or can attend the annual off-
shore Asian Intensive School
for Advanced Management
(AISAM) Program. Full time
students are encouraged to
undertake the Certificate in
Professional Development
program which provides
the necessary career
management skills to assist
with the transition to full-time
employment. This program is
complimentary to all students.
The School’s faculty is highly qualified with
excellent teaching and research skills and industry
experience. Students benefit from on-line teaching
and learning resources and a dedicated librarian to
assist in accessing our comprehensive on-line library
resources and databases.
Students can also choose to articulate into the MBA
(Advanced) program which comprises four units of
additional specialisation - a further six months full
time study.
Awards:
Sydney Business School is ranked by QS
(Quacquarelli Symonds Limited) in the top 200
business schools in the world. We are ranked 13th
in the Asia Pacific.
UOW is placed in the top two per cent of universities
in the world by its performance in the QS World
University Rankings 2011 and Times Higher
Education World University Rankings 2011
The 2012 Good Universities Guide reaffirms UOW’s
long standing position as one of the country’s
leading research institutions and a place where
students not only experience a five-star educational
experience but a five-star chance of gaining a job
with a top salary at the end of their degree.
Under the Guide’s ranking system, only the top 20%
of universities can be awarded a five-star rating in
any one category. UOW received five stars in six key
areas that rate our graduates’ satisfaction with the
breadth of skills they learn while studying with us:
1) Getting a Job
2) Positive Graduate Outcomes
3) Graduate Starting Salary
4) Research Intensivity
5) Graduate Satisfaction
6) Generic Skills
The Sydney Business School MBA also holds a
five star rating with the Graduate Management
Association of Australia.
Tehla Bower
Master of Business Administration (MBA)
The MBA program at the Sydney Business School
(SBS) has enriched my management skills and
provided me with the confidence to move ahead
in my career. The program offerd a diverse range
of disciplines as well as high quality teaching staff
and flexible delivery for working professionals. It
equipped me with the necessary skills, knowledge
and confidence to establish my own business. The
opportunity to study abroad in Malaysia would
not have been possible without the support and
encouragement provided by SBS.
The most exciting element of studying at SBS was the
interaction and networking with other students and
like-minded business professionals and the formation
of lifelong friendships and business contacts.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Joint Degree Programmes
Offered:
MBA/MIB, MBA/MSc, MBA/MM,
MBA/MPM, MBA/MRM, MBA/MBC
Specialisation by Function:
Finance
General Management
Health Care Management
Human Resource Management
International Management /
Business
Leadership
Logistics
Marketing
Project Management
Supply Chain Management
Retail Management
Specialisation by Industry:
Banking / Financial Services
Government
Non - Profit Organisation
Public Sector
Retail / Consumer Goods
Global Economy

Full Time Course Information
Start Dates:
January
May
August
Programme Duration:
12-16 months
Tuition Fee:
AUD$33 390 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 500
Min. TOEFL Computer Based Score
: N/A
Min. TOEFL Paper Based Score : 570
Min. IELTS : 6.5
Min. Years of Work Experience : 2
Application Fee :
EURO (€) 55
Part Time Course Information
Start Dates :
January
May
August
Programme Duration :
24 months
Tuition Fee :
AUD$33 390 / Total Program Cost
Executive Course Information
Start Dates:
January
Programme Duration :
24 months
Tuition Fee :
AUD$46 387 / Total Program Cost
Contact:
Sue Mathews, Business Manager
Sydney Business School
University of Wollongong
The Gateway
1 Macquarie Place
Sydney, NSW 2000
Australia
Tel: +61 (2) 4221 3751
Fax: +61 (2) 4221 4709
Email: sbs@uow.edu.au
Web: www.sbs.edu.au
158 TopMBA Career Guide Spring/Summer 2012
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University of the Sunshine Coast
Faculty of Arts and Business
The Faculty of Arts and Business at the University of
the Sunshine Coast (Queensland, Australia) prides
itself on offering flexible and innovative programs.
We understand the needs of postgraduate students
seeking a qualification that offers them the knowledge
and skills required to succeed in the contemporary,
global business environment. With a commitment to
providing workplace-relevant degrees, the Faculty’s
programs keep pace with technology, industry
developments and global trends.
Programs in the Faculty are flexible, allowing students
to study from a variety of electives to enhance their
career opportunities. We developed and offered
the first on-line MBA in Australia and our students
can now choose to study on-line, on campus or
a combination of both modes according to their
own evolving needs. Our postgraduate programs
offer a large range of entry points throughout the
year allowing our students the flexibility to start
their studies at a time that suits them, to pause
their studies for a short time if required and also
to undertake an intensive session of study for a
short period to speed up their studies if their other
commitments allow this.
Our programs are designed to develop both your
professional and personal skills and to give you an
insight into your own leadership and managerial
capability.
Our courses allow you the flexibility to begin
applying your new knowledge and skills promptly
in your business environment and then to build
on this knowledge with a suite of other courses
that amplify and develop the initial topics studied.
Strong partnerships with business and community
organisations within the region enable students to
conduct research in industry, work on real business
issues and develop a network of business contacts.
The Faculty has also developed niche courses in
innovation, creativity and entrepreneurship in
response to industry trends
The University of the Sunshine Coast has over 8,000
students enrolled, but one of our key commitments
is to retaining ‘human scale’ – here you will never be
just a number or a face in the crowd. Your teaching
staff will know your name and you will be supported
in your studies by a range of academic support
services designed to assist you to achieve the best
result you can.
As a Master’s student you’ll also have access to the
Master’s Club - a dedicated space for postgraduate
students offering 24 hour access and facilities to
facilitate either individual study requirements or a
place to discuss issues with your fellow postgraduate
students.
Our Faculty, while relatively small, has gained a
strong reputation for the quality of its teaching
and is also building a reputation for the quality
of our research which informs our teaching. We
look forward to welcoming you as one of our
postgraduate students and then to keeping in touch
with you and your career progress through our
global network of Alumni.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA (weekend intensive
mode)
Full Time Master of International
Business
Part Time Master of International
Business
Full Time Course Information
Start Dates:
MBA
January (Session 2)
May (Session 5)
August (Session 9)
Executive MBA
February
Master of International Business
January (Session 1)
May (Session 4)
August (Session 8)
Programme Duration:
MBA
12 months
Executive MBA
22 months intensive weekend
mode
Master of International Business
8 months
Tuition Fee:
MBA AUD$27,000 Total Program
Cost (24 courses)
Executive MBA AUD $37,800 Total
Program Cost (24 courses)
Master of International Business
AUD $20,760 Total Program Cost
(8 courses)
We offer Scholarships to qualified
students – full details are available
on our website
Entry Requirements:
For all our programs applicants
from a non-English speaking
background must demonstrate an
IELTS (Academic) overall score of
6.5, with a minimum of 6.0 in all
subtests, or equivalent
MBA
Bachelor’s degree
Min. Years of Work Experience: 2
Plus individual assessment of prior
academic achievement and work
experience and/or GMAT
Executive MBA
Bachelor’s degree (or other
evidence of ability to study at
graduate level)
Min. Years of Work Experience: 5 at
senior managerial level
Plus interview
Master of International Business:
Bachelor’s degree in business or
related field or equivalent with a
minimum GPA of 4 on a 7 point
scale (ie: equivalent to pass grade)
Part Time Course Information
Start Dates :
MBA January (Session 2)
May (Session 5)
August (Session 9)
Executive MBA February
Master of International Business
January (Session 1)
May (Session 4)
August (Session 8)
Programme Duration:
MBA 24 months
Executive MBA
22 months intensive weekend mode
Master of International Business
16 months
Tuition Fee:
MBA: AUD $1,125 per course
Executive MBA: AUD $1,575 per
course
Master of International Business
AUD $2,595 per course
We offer Scholarships to qualified
students – full details are available
on our website
Contact:
Faculty of Arts and Business
University of the Sunshine Coast
Sippy Downs Drive
Sippy Downs 4556
Queensland
Australia
Tel: 61 (0) 7 5430 1259
Fax: 61 (0) 7 5430 2859
Email: FABinfo@usc.edu.au
Web: www.usc.edu.au/business
160 TopMBA Career Guide Spring/Summer 2012
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Student Profle
Gordon Institute of Business Science,
University of Pretoria
“GIBS’ purpose is to signifcantly improve the
competitive performance of individuals and
organisations through business education.”
Professor Nick Binedell
Dean, Gordon Institute of Business Science
We live in a world of enormous complexity, excitement
and challenge, and the speed and scale of many of
the driving forces that are changing the landscape of
business and our society are extraordinary.
As the “business school for business”, GIBS has
always believed that it can play a signifcant role by
ensuring that leaders in our business community –
whether those in a corporate environment or the
entrepreneurially spirited – have the opportunity to
develop their skills and business acumen to meet the
enormous opportunities that a dynamic and rapidly
changing world presents.
The GIBS advantage
GIBS is an internationally accredited business school
based in Johannesburg, South Africa’s economic hub.
With a purpose-built campus, interactive relationships
with South African business and highly qualifed local
and international faculty, GIBS is in a position to ofer
an innovative and applicable MBA to a cohort of
hand-picked, diverse young business executives.
Delivered by world-class faculty, the GIBS MBA
curriculum creates an opportunity for you to
become a well-rounded and efective manager,
ofering students boundless opportunities to learn
and develop, both personally and professionally.
Through a potent mix of classroom lectures, case
studies, business simulations, company visits and
syndicate projects, as well as relevant exposure
to the best practices of South African and global
leadership, the GIBS MBA gives you a competitive
edge in the short-term application of relevant
knowledge which has long-term strategic value for
your career.
GIBS ofers prospective postgraduate students
the choice of three world-class, internationally
accredited MBA programmes, including the
modular, part-time and full-time MBA. From January
2013 the full-time MBA programme will ofer dual
Entrepreneurship and General Management tracks.
Globally relevant
A good business school recognises shifting
dynamics within the industry and accommodates
them in its curriculum. The compulsory global
module, a distinctive element of the GIBS MBA
programme, provides students with global exposure
in a destination that is linked to global best practice
and allows students to study frst-hand how their
peers in diverse markets operate.
Consistently rated as one of the top business schools
in South Africa, in October 2011 the GIBS MBA
was ranked amongst the top 100 business schools
globally in the prestigious Financial Times Executive
MBA Rankings 2011 – the only business school in
Africa to appear in these rankings. The recognition
of our executive MBA demonstrates that GIBS’
academic ofering and quality is amongst the best
in the world and strengthens our eforts to be the
leading business school in South Africa.
International rankings and accreditation, such as
the Association of MBAs (AMBA), The Academy
of Business in Society (EABIS) and membership
of EFMD (European Foundation for Management
Development) also ensure global recognition.
Whether you want to complete an MBA qualifcation
to advance your career, improve your management
skills or for your own personal development, GIBS
MBA graduates will vouch for the fact that our MBA
is one of the greatest investments one can make
towards one’s future and the long-term benefts far
outweigh the time and fnancial investment required.
Lebogang Mokgabudi,
I had fve years’ consulting
experience but had always been
passionate about entrepreneurship.
I hold a Bachelor of Commerce in
Finance from which I gained the
skills for business development. However, I did not have
the confdence required to build a global company
nor sufcient faith in the business acumen that I had
acquired thus far. Thus began my search: the search
for a transition into entrepreneurship, the search for a
programme to harness my business skills and the search
to further develop myself and thus gain the necessary
confdence to develop a successful business. This
search led me to the GIBS full-time Entrepreneurship
MBA* – a globally relevant programme that would help
grow my academic knowledge of entrepreneurship.
The full-time Entrepreneurship MBA programme
translated the theoretical knowledge gained in my
undergraduate degree into practical, useful tools that
I can apply to start and grow a business. The wide
range of case studies brought the theory and models
to life, and the interactive nature of lectures ensures
that I engaged with the subject at hand and learned
to appreciate other people’s opinions to enrich my
learning experience. My MBA at GIBS has challenged
my perspectives, pushed my boundaries and stretched
my previous knowledge to help realise the broader
impact of my management decisions.
The GIBS full-time Entrepreneurship MBA programme
will challenge and improve your business ideas
through discussion and aford you a safe space to make
mistakes while testing your knowledge, passion and
understanding of the company you hope to start, grow
or develop into a successful business.
*From 2013 GIBS will ofer the full-time MBA with
Entrepreneurship and General Management tracks.
Programme Type:
Full Time MBA
Part Time MBA
Executive MBA
Specialisation by Function:
Entrepreneurship
General Management
Full Time Course Information
Start Dates:
January
Programme Duration:
15 months
Tuition Fee:
USD ($) 26400 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score : N/A
Min. TOEFL Paper Based Score : N/A
Min. Years of Work Experience : 4
Application Fee :
USD ($) 285
Part Time Course Information
Start Dates :
January
Programme Duration :
24 months
Tuition Fee :
USD ($) 26400 / Total Program Cost
Contact:
Grace Manchidi, Admissions Manager
Gordon Institute of Business Science,
University of Pretoria
26 Melville Road, Illovo
Sandton
Johannesburg, Gauteng
2146
South Africa
Tel: +27 (11) 771 4120
Fax: +27 866 380 543
Email: admissions@gibs.co.za
Web: www.gibs.co.za
162 TopMBA Career Guide Spring/Summer 2012
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Student Profle
University of Stellenbosch Business School
For students who want to acquire a superior
education while experiencing life in a vibrant
country with a rich diversity of cultures and world
famous natural beauty, the USB is the place to be.
The USB’s MBA programme is internationally
accredited by both EQUIS and AMBA. All classes are
presented in English.
Portfolio of academic programmes
The USB ofers an MBA, a Master’s in Development
Finance, an MPhil in Management Coaching, an
MPhil in Futures Studies and a PhD, Post Graduate
Diplomas in Dispute Settlement and Leadership as
well as certifcate courses in executive development.
The USB’s programmes combine leadership expertise,
universal applicability, specialisation opportunities,
integrated thinking, a theoretical underpinning and
real-world practice to provide tomorrow’s business
leaders with a world-class qualifcation that will serve
them well in any industry, anywhere in the world. All
the USB’s programmes are internationally accredited.
Accreditation and acknowledgments
• International accreditation: EQUIS and AMBA
• International acknowledgement: Beyond Grey
Pinstripes Top 100 Schools List from the Aspen
Institute in New York, USA, EDUNIVERSAL global
survey, France (USB has A-rating as “universal
business school with major international infuence”)
• Membership: EDAMBA (USB’s PhD), Globally
Responsible Leadership Initiative (GRLI), Global
Business School Network (GBSN) and all the major
business school associations
International participation
• Partnership schools: The USB has cooperation
agreements with over 70 schools in the UK, Europe,
Australia, Asia, the USA, South America and Africa
which lead to student exchanges, overseas study
tours, participation in international student
competitions and more.
• International academics: Academics from leading
business schools present certain MBA electives
to provide students with additional international
input.
• Options for USB MBA students: Exchange study
options and annual overseas study tour.
• Options for foreign students at the USB:
Customised programmes, the full-time MBA, other
master’s degrees and other full-term or shorter-
term options.
Thought leadership and research
The creation of thought leadership and research
are primary strategic objectives of the USB. This
research is delivered via academic journals, books
and papers by USB faculty, the studies of its PhD
students, the research projects of its MBA students,
and the USB’s research centres and units (Centre
for Leadership Studies, Centre for Corporate
Governance in Africa, Africa Centre for Dispute
Settlement, The Base of the Pyramid Learning
Lab, and Institute for Futures Research). This new
knowledge is used to update the content of the
USB’s MBA and other programmes on an ongoing
basis. It is also shared with students, alumni and the
public through channels such as the USB’s monthly
Leader’s Angle talks, two magazines and three
state-subsidised, peer-reviewed internationally
acknowledged academic journals.
Executive education
USB Executive Development Ltd (USB-ED), a
public company at the USB, ofers open enrolment
programmes, customised corporate partnership
programmes, organisational development and
consulting services. These programmes and
interventions are delivered at the USB, throughout
South Africa, in other African countries and abroad.
Connections with the private and public sector
The USB’s close cooperation with the business
sector and other sections of the economy ensures
an academic ofering aligned with the needs of the
business world. Areas of alliance and collaboration
include representation on advisory boards, access to
business leaders and organisational expertise, the co-
creation of curricula and programmes, the Leader’s
Angle series of talks, the involvement of alumni via
the USB Alumni Association, fundraising events and
sponsorships. USB Executive Development (USB-ED),
too, maintains close contact with the business world,
and designs and delivers customised interventions
in partnership with companies throughout South
Africa and beyond.
Social investment and sustainability
The USB’s social investment projects are aimed at
sustainable human development. Initiatives include
the development of business opportunities and
enduring benefts for economically disadvantaged
communities, a Management Programme for Non-
proft Organisations organised by alumni, and MBA
bursaries and fnancial assistance for deserving USB
students. The USB also makes an annual contribution
to local charities – such as the Durbanville Schools
Foundation which strives to improve the quality of
education at rural schools in the area.
Lucas Kondowe
Manager: Audit and Enterprise Risk Services
Deloitte & Touche LLP, USA
USB MBA 2003 Full-time
“The USA is the most competitive country in the
world. My MBA prepared me to excel in such an
environment. My fellow students came from across
the globe. This was a great lesson as I work with
diverse teams now!”
Dr Marise Heyns
Teaching Fellow
School of Medicine and Dentistry
Queen’s University Belfast, UK
USB MBA Part-time 2000
“My MBA empowered me with the knowledge to
expand my instinctive approach to management.
It enabled me to develop strategic vision not only
for various types of organisations but also for me
personally.”
Fatima Markowski (Hassan)
IT Project Manager: First Data International
USB MBA Full-time 2002
“Professionally, the Stellenbosch MBA provided
me with an excellent foundation and depth of
knowledge upon which I am building an exciting
career in project management, which draws on all
the MBA disciplines.”
Programme Type:
Full Time MBA
Part Time MBA
Specialisation by Function:
Corporate Governance
Leadership
Personal Development
Full Time Course Information
Start Dates:
January
Programme Duration:
18 months
Tuition Fee:
EURO (€) 13825 / Total Program Cost
Entry Requirements:
Min. GMAT Score : 550
Min. TOEFL Computer Based Score : N/A
Min. TOEFL Paper Based Score : N/A
Min. Years of Work Experience : 2
Application Fee :
EURO (€) 75
Part Time Course Information
Start Dates :
January
Programme Duration :
24 months
Tuition Fee :
EURO (€) 11000 / Total Program Cost
Contact:
Marietjie Wepener
Deputy Director: Marketing and
Communication
University of Stellenbosch Business School
PO Box 610
Carl Cronjé Drive
Bellville, South Africa
7530
South Africa
Tel: +27 (21) 918 4242
Fax: +27 (21) 918 4468
Email: usbcom@usb.ac.za
Web: www.usb.ac.za
The University of Stellenbosch Business School (USB) offers you an unforgettable academic
and cultural experience in a vibrant, beautiful and diverse environment.
Our MBA holds two quality stamps of importance to you – EQUIS and AMBA. We are still the
ONLY business school of an African university with two international accreditations.
We look forward to welcoming you on
our MBA programme in January 2013.
For more information, visit www.usb.ac.za.
INTERNATIONAL ACCREDITED DIVERSE
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Uniquely African.
Internationally accredited.
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Editor’s desk
T
he intervening six months since the last edition of the TopMBA Career Guide have been packed with globally significant events. Issues related to the economic downturn have dominated the pages of newspapers worldwide. Further, the past months have seen some of the world’s economic powerhouses stripped from their AAA status including the US and France, while other countries such as Cyprus, Italy, Portugal and Spain have also been downgraded by international credit agencies. The news has stimulated widespread concern over the onset of a second global recession that, if it materializes will inevitably affect job opportunities for many. But while a lack of jobs is making headlines around the world, it appears that global businesses are placing their faith in the skill set of MBAs in order to help stave off the effects of financial decay. For students, the fast-paced nature of evolution in the global economy allows for greater class interaction with the outside world, making way for a new generation of future business leaders. Indeed, business schools and employers alike paint an optimistic picture of job opportunities for MBA graduates, as explored in this issue’s lead article. Schools from three of the most popular MBA study destinations, North America, Europe and Asia-Pacific, tell of increases in their graduates receiving jobs after graduation. Furthermore, anecdotal recruitment data from employers who are actively hiring MBAs, as detailed in the article ‘Consultancy firms worldwide defy the economic downturn,’ point toward a promising year for MBA graduate interested in a career in the consulting sector. With much of the world’s focus on overcoming turbulent

economic junctures, the career guide would not be complete without expert advice from admission officers, deans and business management experts on studying an MBA in a troubled economy. As Ashok Som, associate dean of ESSEC Business Nunzio School’s global MBA points out in his Quacquarelli Dean’s Diary, an MBA degree holds value throughout troubled economic times, and can often present a perfect time to invest in an MBA. Meanwhile, MBA applicants need to spend the time researching which business schools and MBA programs are the right choices for them. More so than ever before, the specialist focuses of a school, its location, and its reputation among MBA employers matter. Throughout this edition of the TopMBA Career Guide, we have aimed to advise applicants, students, and alumni on how to go about making the right decisions for them. However, when it comes to MBAs, there is no ‘one size fits all’. Ultimately it is up to you to use the information and tools available in this magazine, online at TopMBA.com, or at one of QS’ many MBA events such as the QS World MBA Tour and TopMBA Connect 1-2-1 to make the right decisions. Good luck!

Nunzio Quacquarelli, MA Cambridge, MBA Wharton Editor-in-chief and managing director of QS Quacquarelli Symonds Limited Kin Ly, assistant editor and lead contributor

Feature writers
uide TopMBA Career G 12 Spring/Summer 20
Editor-in-chief li Nunzio Quacquarel Assistant editor Lead contributor Kin Ly Magazine manager Kamran Ahmed kamran@qs.com n General productio manager Ed Winder Editor Executive MBA Dawn Bournand Production manager Executive MBA Katy Webster Designer Teresa Arevalo
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Ross Geraghty explores the shift from the traditional to the non-traditional Nunzio Quacquarelli. However. you’ll be hard-pushed to avoid the effects of the global financial events. author of the QS Global 200 Business Schools Report takes a closer look at the schools that made it into the top-tier 44 ON-CAMPUS VERSUS OFF-CAMPUS: CONSIDERING MBA FORMAT OPTIONS With a growing number of off-campus program formats such as online and distance learning MBAs being offered by business schools. which is predicted to continue throughout 2012 finds Kin Ly STUDYING AN MBA IN A TROUBLED ECONOMY Wherever you decide to study your MBA. Richard Burns weighs up the pros and cons of on-campus and off-campus MBA study modes 54 THE CAREER VALUE OF MBA INTERNSHIPS MBA internships and other experiential learning opportunities can boost the chance of a student securing their ideal business management job. and 2012 appears to be another positive year. while fewer are interested in finance. often it can be of benefit to both business school students. prospective MBAs from the BRIC nations are confident that an MBA could bag them a huge increase on their salary says Ross Geraghty 62 SIZING UP THE PROS AND CONS OF DISTANCE LEARNING MBAS Technological advances have stimulated a boom in distance learning MBA programs. but are they a viable alternative to traditional study modes? Asks Kin Ly RISE OF THE MBA ENTREPRENEUR A growing number of MBA applicants are expressing an interest in pursuing courses with an emphasis on entrepreneurship. as Richard Burns discovers. the QS Global 200 Business Schools Report provides detailed ratings of the top 200 business schools by region and MBA specialization 66 QS TOPMBA CAREER GUIDE 26 68 72 || 30 QS’ RESEARCH REVEALS THE TOP 200 BUSINESS SCHOOLS AROUND THE WORLD 2 . and the wider world CONSULTANCY FIRMS WORLDWIDE DEFY THE ECONOMIC DOWNTURN Consultancy organizations across the globe have increased the number of MBA hires.000 MBA employers worldwide. Ross Geraghty looks at the factors to consider when calculating the ROI 22 TESTING FOR SUCCESSFUL BUSINESS LEADERS: GMAT OR GRE? Some students commencing their MBA in 2012 will be among the first to enter business school having taken the revised business school admission tests. Richard Burns explores the reasons why MBA SUCCESS: THE MBA APPLICATION PROCESS AND BEYOND Experts in management education and business schools around the world give their advice to Kin Ly on how to file a successful MBA application TEN WAYS TO GET A JOB THROUGH YOUR ALUMNI NETWORK The benefits of a business school’s alumni 8 12 16 20 PRICING SUCCESS: RETURN ON INVESTMENT OF MBA PROGRAMS Assessing the return on investment (ROI) is an important step in deciding whether to pursue an MBA. Narayani Menon looks at how much value an MBA internship adds to a student’s employability 60 BRIC ECONOMIES VALUE THE MBA With experts forecasting BRIC countries to become the world’s leading powerhouses by 2050.Contents 6 MBA JOB MARKET TO CONTINUE RISING THROUGHOUT 2012 Business schools reflect on last year’s positive MBA recruitment activities. Kin Ly takes a closer look at the implications of the test changes INTERNATIONALIZATION OF THE MBA: QS GLOBAL 200 BUSINESS SCHOOLS REPORT Based on the opinions of over 2. Kin Ly finds SHIFTING CAREERS: MOVE FROM TRADITIONAL TO NON-TRADITIONAL MBA JOBS Recent trends have shown MBAs moving into non-traditional MBA jobs.

Business education expert Aled Owens takes a closer look at the international and domestic study experiences Dean’s Diaries 46 California Lutheran University School of Management 47 Colorado State University College of Business EDITORIAL 48 ESSEC Business School 49 IESE Business School 52 53 IMD Manchester Business school || 3 . Alina Pahoncia looks at the progress CEE schools have made in attracting overseas students 140 RISING IN THE EAST: MBA LIFE IN ASIA-PACIFIC Home to two of the four BRIC nations.network are vast. the Asia-Pacific region is certainly becoming more and more economically influential. many of India’s top business schools have become more reputable among MBA employers. But interest among MBA applicants has dropped slightly. talks about her MBA experience and how the qualification helped her establish one of the most successful consultancy firms in Europe Regional MBAs 80 NORTH AMERICA: THE ALL ENCOMPASSING MBA EXPERIENCE As the home of the MBA. Kin Ly speaks to some of the top business schools in the world and highlights 10 ways in which alumni networks can improve an MBA’s career prospects 76 MORE MBA APPLICANTS LOOK TO CHANGE CAREERS Across the globe. But how does life fare for MBA students and graduates in the region? Asks Richard Macauley 142 INDIA’S WIDELY VARYING VALUES OF MBA DEGREES According to the QS Global 200 Business Schools Report 2012. founder of Ariadne Capital. North America can often be a very appealing MBA study destination among prospective students. Kin Ly explores the benefits of studying in Australia 40 PUTTING MY MBA DREAM IN FOCUS QS SCHOLARSHIP WINNER The QS Leadership Scholarship for MBAs helped one aspiring business leader reach his career goals 57 A FRIENDLY FACE IN BUSINESS Julie Myer. US-based business education expert Aled Owens explores the ever-popular aspiration of pursuing an MBA in North America 82 NORTH AMERICA: THE INTERNATIONAL AND DOMESTIC EXPERIENCE As one of the most prestigious MBA study destinations in the world. business schools are admitting a higher number of career changers – is the MBA the golden ticket to a new career? 98 THE EUROPEAN INTERNATIONAL MBA EXPERIENCE Western Europe’s MBA profile is strong in prestige and prominence among both students and employers. North America attracts a wealth of international and domestic students. Debeshi Gooptu Bakshi looks into the value of India’s MBA degrees 150 A GOLDEN COAST: THE BENEFITS OF STUDYING IN AUSTRALIA Australian salaries are high and schools in the country are favorable among recruitment managers. Kin Ly explores the factors that make Western Europe one of the most popular MBA study destinations MBA profiles 36 BUBBLING WITH SUCCESS: Coca-Cola’s CEO talks to the TopMBA Career Guide about how an MBA helped him prepare to lead the world’s largest beverage company 100 CEE BUSINESS SCHOOLS COMPETE FOR INTERNATIONAL MBAS Internationalization of CEE business schools is a work-in-progress.

Gallen Vlerick Leuven Gent Warwick Business School ASIA PACIFIC 144 Indian Institute of Management. Katz Graduate School of Business University of South Carolina. Schulich School of Business 107 110 111 112 113 114 115 116 117 118 119 120 121 122 124 125 126 127 128 129 130 131 134 135 Copenhagen Business School EMLYON ENPC ESADE ESSEC European Business School (EBS) European University GISMA HEC Paris Henley Business School IE Business School IESE Business School Lancaster University Management School Leeds Metropolitan University Leeds University Business School LUISS Business School Manchester Business School Mannheim Business School MIP Politecnico di Milano Reims Management School RSM Erasmus The Lisbon MBA – Católica NOVA University of Capetown University of Geneva 136 137 138 139 University of Glasgow Business School University of St. Tsinghua University AUSTRALASIA 152 AGSM 153 La Trobe University 154 Macquarie Graduate School of Management 155 Melbourne Business School 156 Monash University 157 University of Wollongong 158 University of the Sunshine Coast EUROPE 102 103 104 105 106 Aberdeen Business School Ashridge Business School Audencia Nantes Sch of Management BSL Business School Lausanne CEU Business School 4 || QS TOPMBA CAREER GUIDE .Business School Profiles NORTH AMERICA 84 85 86 87 88 89 92 93 94 95 96 CLU School of Management Colorado State University Hult International Business School St John's University – Tobin School of Business St Mary's University Tufts University – Fletcher School UCLA Anderson School of Management University of Maryland. Bangalore (IIMB) 145 Singapore Management University 146 NUCB Graduate School 147 School of Economics and Management. Robert H Smith School of Business University of Pittsburgh. Darla Moore School of Business York University.

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The US isn’t the only destination where MBAs experienced an increase in jobs. According to Joffrey. and finance. The Asia-Pacific region followed closely with a rise of 43% in MBA demand among its employers. MBA career services director at IESE Business School in Spain says the school 6 || . Ross School of Business also witnessed a growth in the MBA job market. Over at Michigan. a number of aspects contributed to the school’s increased recruiting activity. with an increase of 47%. business schools report a surge in recruitment activity. QS’ report found that Latin America experienced the biggest rise in MBA demand. the digital marketplace. Duke University’s Fuqua School of Business in North Carolina also reports an increase in recruitment activity. “We saw an increase in the number of companies that recruited on campus and a rise in the percentage of students that had at least one job offer at graduation at end of April 2011. Europe’s rise in jobs for MBAs Javier Muñoz. the MBA job market has been slower to recover. India and China. and ageing senior management. Europe and Asia-Pacific in 2011. the school’s director of career development. competitive pressures. This mirrors the 2011 hiring activities at a number of business schools around the world.MBA job market to continue rising throughout 2012 Business schools reflect on last year’s positive MBA recruitment activities. The only region that showed a slower growth in demand was Eastern Europe at 3%. says: “Our research reveals a robust MBA job market in Germany.com Jobs and Salary Trends Report. US MBA demand Rebecca Joffrey. associate dean of Fuqua’s career management center. The Graduate Management Admission Council (GMAC) has predicted this to continue into 2012. research manager at GMAC. “The increase was across all sectors. In a survey of 229 hiring managers at 216 companies (of which over 70% are located in the US) 74% said they plan to hire more MBAs this year. marketing. This is partly due to employer’s slow intake of MBA graduates until recently. Western Europe and Africa and the Middle East experienced large increases of 24%. which outlines job increases in US.” “GMAC’s survey further supports what QS’ research reveals – the upward trend in MBA demand is not worldwide. in other regions namely in Central and Southern Europe. and companies were specifically targeting MBA talent for roles in areas such as strategy. 2011 proved positive for MBA hiring.” MBA recruitment trends According to business schools around the world. Our poll suggests that 2012 may be the year that companies ramp up their hiring. companies have to up their hiring to meet their new goals. human resources. UK.” says Valerie Suslow. “The number of Fuqua students reporting offers at graduation and at three months post-graduation had increased over the past two years.” she says. predicted to continue throughout 2012 finds Kin Ly QS TOPMBA CAREER GUIDE usiness schools in three popular MBA study destinations – North America Europe and Asia-pacific – have told the TopMBA Career Guide that their MBA graduate recruiting activities increased in 2011. and 20% respectively. director of career education and innovation career development at Tuck School of Business in the US says recruitment activity rose significantly in 2011. It’s their ability to connect the dots between strategy and finance or logistics and marketing and technology. including global market expansion. North America. Indeed. and this is likely to continue throughout 2012: “At some point. 21%. She explains that one of the reasons why MBA demand remained high is because MBAs have the ability to respond to changing business models: “It’s not the training of a specific skill that sets MBAs apart. Across the Atlantic in Europe.com Jobs and Salary Trends B Report and feedback from business schools indicate that organizations around the globe upped their MBA hiring last year. and adds further weight to reports that the MBA job market for 2012 will be a positive one.” she says. About 700 miles south of Tuck. findings from the latest QS TopMBA. Nunzio Quacquarelli.” says Sheryle Dirks.” says Rebecca Estrada. author of the TopMBA. However.

in the UK the picture is very much the same. the majority of HKUST graduates accepted jobs in financial services. one of the biggest recruiters at IESE last year was Amazon. HEC say the majority of its graduates found jobs in the services and industry sector. The business school saw many of its MBAs receive job offers at graduation. Leading online organizations also want to recruit talented MBAs. he says. investment banking and consulting at 19%. and for details on consulting job opportunities. Our graduates have been getting more offers too. We saw a steady increase in the level of recruiter engagement and this remained consistent in our placement figures EDITORIAL || 7 . Muñoz highlights: “Companies such as Google and Facebook now value MBA graduates and are actively looking to recruit from the best schools. and may be a worthwhile time to consider taking an MBA. “Notably.” says Muñoz.had excellent results in its job placements. Although online businesses have rapidly recognized the advantages of hiring MBAs. Sherring NG. please see pages 8 to 9. career management center director at HEC Paris. there was a growth in graduates securing job positions in new technology companies such as Amazon. health care. we saw a steady increase in the level of recruiter engagement and this remained consistent in our placement figures. 50% of job offers came from traditional sectors – investment banking and consulting for example. For instance. the school witnessed ongoing and healthy demand for its MBAs from finance.” Demand across all disciplines remains stable. The job market for MBA graduates of 2012 appears optimistic. HEC found that online businesses were particularly interested in appointing MBAs. luxury. MBA demand in Asia-Pacific strengthens In the Asia-Pacific region. As with IESE.” In 2011.” Across the English Channel. HKUST Business School notes a rise in its MBAs receiving job offers. pharmaceuticals.” says Tony Somers. and the other 50% of job offers came from sectors such as IT. HEC Paris witnessed an increase in jobs for MBAs in 2011 compared with 2010. “Currently around 20% of participants were placed in finance. logistics and supply chain industries. consulting. media and nongovernment organizations. but in particular. another 20% in consulting and 60% in services and industry. the school’s head of MBA marketing and admissions says: “Job opportunities were certainly up for our HKUST MBAs. For information on the benefits of studying in a troubled economy. “The number of job postings that appeared on our HKUST MBA job board last year increased by more than double – another indicator of the demand for our MBAs. general management. see pages 12 to 13. 16% and 11% respectively says NG. career development director at Cranfield School of Management says MBA graduate recruitment in 2011 increased throughout the year: “Last year. “Job placements at IESE were very well balanced. Google and Facebook – testimony to the changing job market and the ability of our graduates to adapt to this market. Colin Hudson.” In neighboring France.

” Liz Riley Hargrove. it will be cheaper to live there than during a boom and secondly. Nick Barniville. However. associate dean for admissions at Duke University’s Fuqua School of Business continues this thought. While his school is based in Germany. fresh MBA graduates can learn from where others have failed. The experience MBAs gain in the area of strategic innovation. “So individuals who improve their skills and qualifica- QS TOPMBA CAREER GUIDE Crises make leaders. creativity and business modeling can equip MBA graduates to take an early advantage of green shoots in the economic recovery. The changing face of business “The MBA is much more than a means to increase one’s job prospects and networks during times of economic recession.” Further.” tions are more likely to stand out in the competitive job market. explains two important benefits of studying an MBA in a country with a troubled economic outlook. or others affected by the ongoing global economic troubles. you’ll be hardpushed to avoid the effects of the global financial events that have shaped the past few years.Studying an MBA in a troubled economy Wherever you decide to study your MBA. “Companies need to consider new approaches to products and markets and 8 || . But real leadership is required when things get tough ing around you. in many instances it can be a benefit to MBA students. director of MBA programs at ESMT European School of Management and Technology. having witnessed both current economic events and the recent past. and the wider world E conomic troubles in the eurozone and beyond have been dominating headlines around the world. “The face of business is changing and during the times of uncertainty. “When market conditions are tough then both individuals and companies have to work harder to be successful. But that’s not to say that it would be a mistake to study an MBA in any of those countries. which boasts the strongest economy in Europe.” Riley Hargrove says.” explains Nigel Banister. “An MBA is certainly an appropriate tool to transform your skill set. The world needs business leaders who have the ability and flexibility to navigate economic downturns and disruptions. chief global officer at Manchester Business School. It can also position you with a sustainable return on investment and ability to change careers. you want to be sure that your investment in a business education will prepare you for the changes happen- Then there are advantages in ensuring that your talents and skill set are attractive to employers in a competitive job market. as Richard Burns discovers. pointing out that the range of skills fostered at business school can equip MBA graduates for wide ranging economical conditions. Anybody can succeed when things are easy. the lateral thinking promoted by an MBA program may allow optimistic MBAs to see opportunity where others see gloom. “Firstly. In fact. often it can be of benefit to both business school students.

it is this idea of new management talent learning from the choices of their predecessors that has kept MBA curriculums relevant throughout their history. Dan LeClair. That’s what MBA graduates do. These live. “There’s no single way [that MBAs can help economic recovery].” In fact. countries are looking toward entrepreneurs and innovators to stave of future economic difficulty. “Those graduating from top MBA programs are more likely to have these attributes.” continues Bach.” EDITORIAL || 9 . MBA admissions director at IESE Business School in Spain.” continues Banister. could facilitate the change of these traditional practices and result in more sustainability and corporate social responsibility. AACSB’s senior vice president and chief knowledge officer believes that MBA graduates and alumni are key to economic recovery. Anybody can succeed when things are easy. but who are also able to ensure that this growth is sustainable so that we can build businesses fit for the future. as-it-happens case studies can then be brought into MBA classrooms. and as a result. “The debate going on in Spain about how to revitalize the country’s economy. Be they wise or unwise decisions. how to fix its financial system. the UK. “It’s not so much a question of ‘fresh blood’ as a ‘fresh perspective’ and the skills to deal with a complex and fast-moving business environment. it’s not just Spanish business schools that are able to offer their MBA students insight into economic recovery. MBA programs manager at Nottingham University Business School. they’re all important in helping us to make the world work better. as it transpired from a recent conference for deans and directors from AMBA-accredited business schools.” IE Business School’s dean of programs. and how to promote innovation feeds directly into our MBA classrooms.” explains Bach. Though increasingly. nonprofit organizations. business organizations. international MBA perspective on events can be immensely useful for class study. fresh graduates have the enviable position of seeing the consequences of them. “Debating them with our students in the classroom is exciting because of the tremendous diversity we have at IE. helping students to analyze globally significant economic issues that affect worldwide trade and business. The challenges ensure that the ‘real world’ is never far away. But real leadership is required when things get tough. and so can then decide what might have been a better course of action. David Bach tells TopMBA. “One of the benefits to studying in a country with a depressed economic outlook is that the students can have a close perspective of the effects the economic troubles can have on the country.therefore value executives who don’t just have experience of the way things have been but the skills and reflective approach to find innovative ways forward. by bringing in ‘fresh blood’ for example.” The benefits are not one-sided. and even the US are asking the same questions. “The problems are not uniquely Spanish.” explains Itziar de Ros.” ‘Fresh blood’ in management It is these organizations that are increasingly looking to the talents of new management graduates. or ‘fresh blood’ in business in order to innovate and gain greater international competitiveness. MBAs: Economic salvation However. as efficiency and effectiveness are traits ingrained in them.com. they help make organizations work more effectively. Ireland. “Crises make leaders.” says Elaine Kay. Countries in all corners of the globe are being affected by the ongoing difficulties. but certainly organizations. Japan. “It is crucial that schools help to develop business leaders who not only have the innovative and entrepreneurial skills to kick-start growth. “Ultimately. the path to Spain’s and to Europe’s economic recovery is through entrepreneurship and innovation and there was never a more urgent need for fresh management thinking and young leaders embracing a challenge. corporations should be more stakeholder focused and less shareholder orientated. “Also. A shake up of old values. AMBA’s “view is that any business situation needs a balance of experience and fresh thinking.” Robert Owen. director of business school services and accreditation at the Association of MBAs (AMBA) explains that while it is difficult to quantify the impact of new talent entering organizations at management level. government organizations.

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or downsizing and consolidation – consultant firms’ work is driven by the amount of change in their client’s industry. partner in charge of MBA hiring at Boston Consulting Group in London agrees that jobs for MBAs will continue to grow: “We have been growing at double digit rates since 2003 and we expect that to continue for the foreseeable future. and are optimistic that hiring will continue throughout 2012. he looks for MBAs to join BLT because: “Consultancies value the intel- 12 || . says Platt: “We can draw upon the full range of their knowledge as we allocate them to different types of client assignments. which are so important in our client-facing business. so skills such as finance. Consultancy firms thrive in periods of change – whether that is rapid growth. strategy. Because of that. a UK-based recruitment consultancy firm says in the last year. according to hiring data from global consultancy organizations around the world. and accounting for example. The constraint on our growth will be our ability to hire good people of the right quality. and 2012 looks to be another positive year. MBAs will continue to be crucial to our growth. it is not only large international consultancy firms that are looking to appoint MBAs.” says Hastie.000 businesses around the world that are actively hiring MBA graduates.” James Platt. Boston Consulting Group. new market opportunities. Demand through changing times “Through the economic difficulties we’ve had over the last few years. It found that despite economic difficulties in many countries. Bain and Company.Consultancy firms worldwide defy the economic downturn Consultancy organizations across the globe have increased the number of MBAs they hire.com Jobs and Salary Trends Report surveyed over 2. Kin Ly asks business schools and the firms themselves why MBAs are so important to the industry onsultancy jobs for MBA graduates in 2011 returned to record levels. We expect companies to continue to require organizational change as a result of the recession and then strategic support as they enter the recovery phase. The latest QS TopMBA. Local demand in Europe Don Leslie. utilizing both their hard skills and well-developed interpersonal skills. director at Beament Leslie Thomas (BLT). reporting that they have been actively recruiting MBA graduates over the past year. Hastie explains that the reason why consultancy agencies continue to hire MBAs during difficult economic times is because demand for consultancy work is driven by periods of change. This is forecasted to increase by 17% this year. “The other reason is that MBA students will learn what I refer to as ‘business basics’ – the functional knowledge that is required to achieve in business. Graham Hastie managing director at Bellfield Consulting works with business schools across the world to provide solutions to strategic issues. They have the knowledge and confidence to hit the ground running. He forecasts this to increase throughout 2012. in 2011 there was a 28% increase in MBA demand among global consultancy businesses. demand for [MBA] talent will C QS TOPMBA CAREER GUIDE hold out through periods of change. However.” Globally renowned consultancy firms such as McKinsey and Company. a number of smaller consultancy agencies across the world have told the TopMBA Career Guide that they have upped the number of MBAs that they recruited last year.com Jobs and Salary Trends Report suggest that larger strategy consulting recruiters continue to defy the troubled global economy and have been seeking newly qualified MBAs since 2010.” Responses to the TopMBA.” These skills are well matched to the needs of the consultancy industry. lots of companies retrench and they’re using consultants to do that. In particular. He has 17 years of experience in consulting and previously worked for McKinsey and Company. One of the key reasons is that the qualification is an adjudged quality: “I know that everyone at business school has gone through a rigorous admissions process and so the quality would be higher than that of the general public. Business building blocks There are specific reasons why consultancy firms are targeting MBAs. and Booz and Company responded to QS’ survey. he has appointed eight people with an MBA qualification – an increase since 2009.

a local language consultancy agency in Poland. the Asia-Pacific region experienced a burst in demand for MBA graduates during 2011.” While demand for MBAs in Central and Eastern Europe was lower at 3% in 2011. the survey found. providing us with a steady stream of opportunities.lectual horsepower of MBAs and their ability to work effectively alongside others from different professional backgrounds. Last year. Despite continuing economic uncertainty and hiring restraint on the part of banks. owner of the consultancy agency says he hired two people with an MBA qualification last year. demand rose by 47% and is predicted to grow by a further 13% in 2012. associate dean of Duke University’s Fuqua School of Business says: “In recent years. according to QS’ survey. a market research consultancy agency that is part of the global consultancy firm GfK group.” In line with recruitment trends.” Over at Michigan. with 11% of HKUST graduates being placed in each sector. these are people who obviously want to progress in their careers. Sherring NG. head of MBA marketing and admissions at HKUST Business School says the majority of its MBA graduates found jobs in financial services (19%). com Applicant Survey found that only 10% of MBA applicants held roles in consulting prior to their degree. Hastie of Bellfield Consulting advises those who want to enter into consulting to: “Look at what type of industry alumni of a school typically go into and the relationship the school has with consultancy firms. and private equity/ investment management (12%). The percentage of MBA graduates that had obtained jobs in consulting has increased in recent years to 34% for the class of 2011. a growing number of aspiring MBA students are deciding to enroll at business school in order to develop the skills needed to work in the consultancy industry. it recruited three MBAs in Chile. Dominique D’Arcy. manager of Manchester Business School’s career management service says. and the consulting sector is buoyant. a consultant at China-based consultancy agency Eagles Associates says the organization has hired 12 MBAs in the last year – a big increase on the previous year – and forecasts a further 10% increase for 2012. Sheryle Dirks. but when it does. Chris Lavin management consulting vice president at Sierra Systems in Canada. and sees this number increasing over the coming year. Adimark GfK in Chile. leading the industry verticals for recruiting Fuqua graduates. local consultancy agencies have also been hiring MBAs. This is reflective of business school job placements. Rafal Michalski. Much of the demand was driven by consultancy agencies. ThinkBig. investment banking (16%).” Asia-Pacific’s 2012 optimistic forecast In Asia-Pacific. At the same time. MBA recruitment within the consultancy industry is healthy. providing rigorous intellectual and imaginative schemes. with general management on the rise as well. has witnessed an increase in MBA hiring. What they’ll find is because consultancy firms are very much in demand [among MBA job seekers]. Ross School of Business reports growth in the MBA job market last year. but 47% wished to work in the industry after graduating. Health care and energy/environment will no doubt continue to seek more MBAs as those industries continue to gain prominence and expand their global reach. they are extremely selective about the people they take and the business schools they recruit at. now we are seeing a sustained increase in energy and technology recruitment. He says that the organization had not frequently recruited MBAs. maturity and analytical skills to interact with senior clients.” says Valerie Suslow. team building and management. increasing by 43% according to QS’ survey.” Business schools in the region have also noted an increase in the number of graduates interested in taking up jobs in consultancy. is optimistic about opportunities for MBAs in 2012. “Recruiters were most reluctant to make any commitments. the consulting field has increased its demand for MBAs. US consultancy placements The trend of smaller consultancy firms hiring MBAs is also evident in the US. In 2011. Finance and marketing continue to hire a significant portion of our graduates. “The industries that had the greatest demand for our MBAs were consulting. Latin America’s rise in MBA demand Demand for MBAs in Latin America also saw an increase. the school’s director of career development. managing director at the Chilean firm predicts that MBA hiring will increase in 2012 because: “MBAs strengthen the organization. Overall. followed by finance and marketing. Álvaro Larraín. The latest QS TopMBA. says MBAs are the perfect talent pool: “They have a strong management toolkit that is the basis for good management consulting. it focuses on qualities such as leadership. Consulting and manufacturing industries had also employed a comparably high number of MBAs.” EDITORIAL || 13 . Terry Lin.

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says: “MBA canincluding Barclays Capital. MBA director at ESMT European School of Management and Technology in Germany.’ Although the QS survey forecasts an increase in finance and consulting opportunities for MBA candidates. Nick Barniville. director of career services at HEC Paris. or any significant upturn in demand among mid-sized companies.” says Dan Beaudry. The hi-tech industries are experiencing a revival. an expert in MBA career services and author of Power Ties: the International Student’s Guide to Finding a Job in the United States. which are conspicuous by their absence in 2011. we are not seeing a big pick up in financial services recruitment. MBAs are likely to move across industries in search of decent salaries. QS TOPMBA CAREER GUIDE The hi-tech industries are experiencing a revival. has fallen considerably. Fall in finance jobs According to a recent QS survey.” The evidence of the slowdown in investment banking recruitment of MBAs comes from the business schools themselves. Pursuing a functionality Tony Somers. the current situation shows that MBAs are either. the picture is not rosy across all MBA-hiring industries. while recruitment in the pharmaceutical industry is returning gradually to pre-crisis figures in some industries. “Many of the top MBA programs are forced to be more creative in uncovering career opportunities for their students these past two years. in early 2012 MBA recruitment was undergoing what has become known as a ‘talent shuffle. “Although traditional big MBA employers have recovered from the drought in 2008/9. taking on roles in non-traditional MBA careers. such as investment banking are rarer than before. Goldman Sachs and Deutsche Bank. demand for MBAs has increased by 36% worldwide since 2009 – a year which itself witnessed a 5% downturn – and globally the recruitment picture has almost returned to pre-downturn numbers M didates targeting investment banking need to be careful… hiring from MBA programs has been at a near standstill for a couple of years. However. In particular recruitment into investment banking. are looking at industries they may not have considered before. in particular.388 (7. previously a target for a large proportion of MBA graduates.Shifting careers move from traditional to non-traditional MBA jobs Recent trends have shown MBAs moving into non-traditional MBA jobs. only 103 out of a combined total of 1. and the number of MBAs graduating has increased or remained the same. be it by necessity or by choice. while recruitment in the pharmaceutical industry is returning gradually to pre-crisis figures. the TopMBA. In reports detailing the recruitment of MBA alumni from two of Europe’s most prestigious schools with very strong finance specializations.4%) alumni found positions in the top 15 finance institutions. suggests that the talent shuffle is a result of functionality: “Few MBA students say something as specific as ‘I want 16 || .com Jobs and Salary Trends Report 2011/12. Ross Geraghty explores the shift from the traditional to the non-traditional BA alumni are continuing to move away from traditional MBA roles and into functions and industries not commonly associated with business school graduates. Talent shuffle across industries At the time of writing. Those alumni more urgently requiring that they repay their business school loans.” In a situation where traditional MBA roles.

at least for a certain period of time after graduating from business school. They will say. But not only are there push factors. “I see a number of application files and rarely will people talk about the sector they want to go to. “During the first two weeks. health and regeneration.’” New York’s CDC Development Solutions.” The pressures to find a career. A lot of this is strongly involved with microfinance and innovative marketing strategies. In fact. which took over MBAs Without Borders in 2010 and places MBAs in NGOs. He used his business acumen to challenge the way conservative coffee farmers set up their businesses. Jeff Muzzerall. according to research published by Net Impact – a global organization that provides advice on corporate responsibility and social entrepreneurship.” Her role is to help the women of Al Kawtar face these challenges and set up a transparent and efficient management. Hence. there are pull factors elsewhere. at home and in developing countries. instant financial security is not the major motivator. co-founder of MBAs Without Borders. Never before have I wanted to do a good job quite as much as this. The skills that an MBA has learned are welcomed in the sustainability. I have tried to get a better understanding of the ongoing processes. has noticed a large increase in the numbers of MBAs contacting the organization.’” Rising interest in NGOs One recruitment area that continues to see major interest among modern MBAs is in the charity or non-governmental organization (NGO) sector. and the formulation of trading and hedging strategies to revolutionize the coffee industry in Columbia. exactly the kind of skills that an MBA has. Juan Jose Ospina.a career at Google or in technology in general. I might as well be making a contri- bution to society and getting meaningful experience at the same time. Al Kawtar.000 students and professionals – 15% of the MBA population surveyed indicated that the current economic climate has increased their interest in non-profit roles. “Business can do amazing things. EDITORIAL || 17 . For an increasing proportion of MBA candidates. is as important as a good salary. at a time when non-traditional MBA roles are tough to find. won a QS Leadership Scholarship through the QS World MBA Tour in 2009. an MBA alumni from the University of Chicago Graduate School of Business.” Such skills lend themselves to creating innovative solutions to often extremely complex business problems. according to a variety of studies globally. working for a worthy company that can show excellent credentials for their social programs or strength in corporate social responsibility (CSR) and sustainability. the women need to set up a co-operative in parallel.’ Rather they will target a function and are prepared to move across industries to fulfill that function. For them.” says Tal Dehtiar. She says. are great. “We send MBA graduates from all over the world to work with small and medium enterprises and not-for-profit organizations in agriculture. Triin Visnapuu is an Estonian MBA graduate who is currently working in Morocco at a local handicapped women’s association. and as a result has encouraged the learning of future markets. pushing alumni away from roles in investment banking and finance. and which has a membership base of over 10. director of the corporate communications centre at the Rotman School of Management in Canada. “The organization now faces a situation where it is required to restructure because an association should not undertake commercial activities. I am touched by the underlying optimism and joy of the life that they have. Importance of CSR Many MBAs are becoming socially motivated. The association provides women with the opportunity to learn a craft and earn a living. agrees that the talent shuffle has boosted interest in non-profit roles: “Many of our students have commented that ‘if I’m not making big money. ‘The focus tends to be initially in function rather than sector. social responsibility and NGO world with open arms. ‘I want a strategy function preferably in FMCG [fast moving consumer goods].

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16 FEB Washington D.C.MEET OVER 300 OF THE WORLD’S TOP BUSINESS SCHOOLS IN A CITY NEAR YOU The QS team and Admissions Directors look forward to meeting you at one of our events around the world: SPRING NORTH AMERICA 7 .com .22 MAR Rome 28 February 2012 Lisbon 1 March 2012 London 3 March 2012 Vienna 5 March 2012 Budapest 6 March 2012 Brussels 8 March 2012 Paris 10 March 2012 Geneva 12 March 2012 Hamburg 15 March 2012 Frankfurt Almaty Moscow 17 March 2012 19 March 2012 22 March 2012 For the list of schools travelling and to register visit: www.3 JUN New Delhi 21 May 2012 Mumbai 24 May 2012 Bangalore 26 May 2012 Beijing 31 May 2012 Shanghai 3 June 2012 EUROPE 28 FEB .18 MAY Johannesburg 7 May 2012 Accra 9 May 2012 Lagos 12 May 2012 Nairobi 14 May 2012 Cairo 16 May 2012 Dubai 18 May 2012 ASIA & INDIA 21 MAY . 7 February 2012 Boston 9 February 2012 Toronto 11 February 2012 New York 12 February 2012 Los Angeles 15 February 2012 San Francisco 16 February 2012 AFRICA & MIDDLE EAST 7 .topmba.

an enormous upfront outlay of fees and annually accrued expenses. This includes fees. The best advice is that business school ought not to be measured as a ‘cost’ but as an ‘investment. However. their family. the result often leaves them spluttering into their coffee with shock.” says one Melbourne Business School MBA alumni. business school requires what can seem.000 expenditure for a single MBA student. “When you buy a car you use it until. estimated accommodation and personal eration and soul-searching. study trips and other outgoings are factored in. and school faculty. as is very often the case.’ “An MBA is not like a motor car. Ross Geraghty looks at the factors to consider when calculating the return on investment W hen those involved in the business school world – from deans. costs. Most schools will have lower fees than Harvard. academics. But for the international student in particular. Assessing the annual expenditure rate Harvard Business School for instance. to applicants. considering an investment like this naturally requires a great deal of consid- Business school ought not to be measured as a ‘cost’ but as an ‘investment’ QS TOPMBA CAREER GUIDE After all. This is especially true when the MBA candidate. chooses to study overseas. Cost versus investment While many will ask “how much does an MBA program cost?” you’ll note that schools in particular try to avoid the word ‘cost’ wherever possible.CCESS SU Pricing success return on investment of MBA programs Assessing the return on investment is an important step in deciding whether to pursue an MBA. books. and their friends – ask how much it costs to get on an MBA program. if you’re lucky. estimates an annual US$84. you can sell it in a few years’ time at a depreciated fraction of the 20 || . especially to those who have no interest in furthering their business education. the figure could tip into the six-figure sum when travel.

To live comfortably and pay all their fees. the school which has the highest NPV will be chosen. Mary Granger. as well as other emerging markets which have been relatively isolated from the global crisis.000 for the year. and where the MBA skills can be put to good use. The management degree not only opens up international barriers. given that almost all MBA alumni experience uplift in their salary within a year of completing their program. or even ten years after graduation. United Arab Emirates and South Africa. it shows that 60% of alumni go into finance. it’s easy to find that the mean-base salary for MBA alumni taking job offers within three months of completing the Saïd MBA is equivalent to US$98. All else being equal. return on investment is best thought of as the amount of time it will take you to repay your MBA program expenditure. when a salary is likely to be far higher? Candidates need to look carefully at what a realistic return on investment is for them as an individual. five. therefore the time required to repay that initial investment is less than two-and-a-half years. Let’s use Oxford University’s Saïd Business School as an example.000. which may shorten this time period even more. MBA director at ESMT European School of Management and Technology in Germany. which can be found on most school’s websites. However. but allows for career progression or career change. or at one. Additionally. It appreciates in value over time.” Calculating the return on investment In general terms. Another factor to consider is: at which stage in an alumni’s career does a school take the average salary figure? At their first post-MBA position. This shows a salary uplift of US$37. accounting or consulting. “Potential MBA students make their decision based on their calculation of the net present value (NPV) of the investment. the student will need US$84. Referring to TopMBA. India. For Nick Barniville. which produces a disproportionately high number of financiers and investment bankers. agrees: “Despite the tough economic climate in many mature markets. minus any financial aid available and living expenses in their target cities. and compare this to the expected increase in income that they are likely to earn over their career post-MBA.com Applicant Survey found that the current average salary among MBA applicants in the UK is just under US$61. He suggests that looking at business school and applying the kind of financial models that MBA programs encourage. This is an ‘average salary’ that alumni have told their schools. according to the school. “[MBA candidates] take the opportunity cost of foregoing their current salary for either one or two years. but beware – these are two parties for whom a higher figure looks better than a lower one. An MBA is the opposite. as most of the figures are inexact or based on averages. add this to the price of tuition. Given an average work expectancy of around 35 years at a high rate of earning. However as average salary figures included in the recent QS Global 200 Business Schools Report show. today’s MBA graduates are global players with language skills and geographic flexibility who are able to use the knowledge acquired in their MBA wherever companies need them. this mathematical approach has some value.000. it retains a very high level of return on investment.” he says. this average is going to be far higher for a school such as London Business School. So return on investment has remained high on a global scale.amount you paid for it. Furthermore. Most people will use the ‘average salary upon completion’ of the MBA program.com’s business school profiles. is an advantageous way of working out whether an MBA degree at a certain school makes a reasonable investment. the MBA is time and again proving its worth as a qualification. The latest TopMBA. identifying return on investment is not an exact science and it’s often one that is hard to pin down. “We see recent growth in fast-growing countries such as Brazil. this seems like a no-brainer.” Working out the average MBA salary It is a good idea to look closely at the salary figures provided by business schools. associate director of admissions and career services at ESADE Business School in Spain. What is the likely salary window they are going to be operating in when they complete their studies? SUC CESS EDITORIAL || 21 . especially considering factors such as performance-related bonuses and scholarships.000 per year.” Even in these stringent times.

which are delivered through a computer adaptive testing algorithm. Sample questions of the revised test present scenarios related to salaries. A reliable predictor? Although the aim of the test reforms are clear – to assess the skills needed in business management – there are mixed feelings as to whether the changes will provide an accurate and reliable reflection of a candidate’s ability. This is among other changes that include test-score scales. debate over which is the ‘better’ test for business school admission intensifies. However. but specifically measures a test taker’s ability to extract and analyze complex data. then one might be that the skills at least seem abstract to students – when will they use geometry as a brand manager? The problem solving skills from geometry are extremely valid. These are the synthesizing abilities that make or break an executive’s success in the business world.” he states. But if it has limitations. Anne Sandoe director of MBA programs at Leeds School of Business at CU-Boulder in the US says it is too early to tell whether the changes will provide an accurate measure of a candidate’s business potential. Brian Galvin. 22 || QS TOPMBA CAREER GUIDE . but the content may be a bit out of MBA scope. is a skill we want to screen for. and with the new Graduate Management Admission Test’s (GMAT) integrated reasoning (IR) section nearing release. “Test content is more closely aligned with the verbal reasoning. believes the GMAT IR section will provide an accurate measure. brand director of the GRE program at the ETS says. Unlike the exam’s other sections (verbal. Test takers will be expected to answer 12 questions within four sections – graphic interpretation. quantitative reasoning. creators of the GRE.” says Andrew Mitchell. GMAC is giving us that extra piece of information that MBA admissions professionals have been asking for. director of admissions at Vanderbilt University’s Owen Graduate School of Management. especially compared with the other sections of the GMAT.” Others have expressed similar optimism over the new GRE in providing an accurate predictor of a candidate’s ability: “ETS has done a lot of analysis and they believe that its scores are as good as.Testing for successful business leaders GMAT or GRE? Some students commencing their MBA in 2012 will be among the first to enter business school having taken the new integrated reasoning section of the GMAT or the revised GRE. However. director of prebusiness programs at Kaplan Test Prep. Changes to both the GMAT and GRE were made with the view to provide a more reliable measure of a test-taker’s qualitative and quantitative abilities during business school and beyond. has introduced new questions to measure the type of thinking and skills needed in real-world business management. critical thinking and analytical writing skills students need to succeed in graduate or business school. or better than GMAT at predicating business school success. IR questions will be fixed. design and format. some admission directors remain unsure. analytical and quantitative reasoning skills. director of academic programs at the test prep organization Veritas Prep. and multi-score reasoning. Reflecting real-life business scenarios The Educational Testing Service (ETS). then draw conclusions. two-part analysis. he adds: “The IR section examines the same type of problem solving and critical reasoning skills but through the lens of mini businesses. policy making. and IT.” The GMAT IR section has a similar objective.” John Roeder. With the new IR. Kin Ly takes a closer look at the implications of the test changes T he revised General Record Examinations (GRE) was launched last August. “The GMAT is an extremely wellwritten reasoning exam. in order to measure verbal. agrees: “The ability to interpret multiple sources of quantitative and qualitative data. It’s quite reflective of what you will do as an MBA student and graduate. Sharon Lawler-Sudell. table analysis. quantitative and analytical writing).

It’s ist. eadin i e sect not ‘n teg ra g com ng ted re ions w But ew’ e preasoni nou ill he of it y it is ‘new’ ng w lp yo in on gh in con et. nch of th e new many TopM i prosp B ective nteg rated Galvi A. hensi really ther s e use on – probl ful ection ‘new. “GMAT scores send the message that the student is sure about an MBA. It is the tried predictor of core performance in MBA programs. we will explore and ascertain whether their career plans are solid. Though the best way to overcome these initial fears is to plan and prepare. Changes may create a sense of concern among those who will be taking either one of the reformed exams. cative 0 ver used for d ance hat to sus a ly: “W of the ecade cessfu ma 680 m s so i ir stu ith yo l?” ts sco ke de e ur ba res ar The n ckg ro nts by GM ans. “If you are only applying to business school. a MAT ted. The GMAT is accepted at almost every business school in the world and a high score will mean you’ll be a strong candidate for the majority of business schools across the globe. verba studying ht tw and r e – search for in iple choic l. Br ian ing se al fear s rovid skills ws in es som that o ction isn’t log ic. such as engineering. director of admissions at Vanderbilt’s Owen Graduate School of Management. so mu or shar p ely A ch w en an e’ to stud ith th T.” she says. a and u ck the esn’t ld lov diocr re yo have ee eI u like se the sco that re ly to make R score.” she says.” he adds. Those interested in postgraduate education but are not entirely sure about specializing in business management are advised to go for the GRE. They e can tr und a ew s schoo a nd sc AT score l wou ection do ore. However she adds that the school is supportive of those who want to submit a GRE score. s the lau sight. data IR.’ I r the s with nd ar t mult a slig ufficiency.’ it’s ju em so Study s s of t he G it’s ‘integ ra ing fo t delivered lving. experts generally advise those who are certain of a career in business to take the GMAT. Tami Fassinger. Th u pre tent o ill help y e resp e GM valid. I use the IR stre perfo r man en an ama e scared o ly that a R pra quest ce in ff zing I ctice ion ty more the isn’t s R sco by a mepes o oppo o mu re wo verlap rest of th r tuni pract ch ‘m n’t lik ty to e GM icing.com. and is especially key to us at our school. the school is likely to accept the GRE score. so i r a lac nd by the Beca you b t’s un same klu like ut b tok test. A ver ything be su else a histor y ye up fo cbout t. agrees. “However. ci rea MBA ting w n. She says in cases where a prospective business school student has obtained a high GRE and has gone on to obtain another graduate degree. or gained substantial work experience.” says Mitchell of Kaplan Test Prep. d soli e rest It sim dify t of t he sk ills th ply g ives y he at you o ’re alr u eady Over fears coming i of th nitial e new A IR EDITORIAL || 23 . it is still safer to take the GMAT. if you’re interested in other areas as well as business. “With these candidates.GMAT or GRE? While a growing number of business schools have accepted the GRE for MBA admission. then the GRE is a good alternative. pare o r con ec AT h Sc cept t u on the q for as bee t – schoo histor hools kno o wo uant ls wo n wid w ic rr and n’t kn ely predi al perfor m what a 73 ow w y about. dir ec stude soning sec o advic nts ha t e for tor of acad r r ies over ve co ion come fitting overc s into ntacte The i omin emic prog in ex d r nteg r g tho tests f ated r se ini ams at Ver tra prep w or ti itas P eason for fla the same rep p ork. y for.

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In Latin America. institutions from Latin America and Africa and the Middle East are also showing promise in terms of employer opinion.Internationalization of the MBA QS Global 200 Business Schools Report 2012 Based on the opinions of over 2. 26 extra business schools based in the Asia-Pacific region have achieved an index of employer vote score high enough for inclusion in the report. particularly in mainland China and India. Meanwhile. the rapid rise in the number of schools meeting the criteria for the QS Global 200 Business Schools Report in recent years is very impressive. this is an area that some schools will need to work on I One theme in particular stands out: Indian business schools are fast gaining popularity among MBA employers in order to ensure that the region’s future business leaders are able to operate in the internationalized environment that they are needed in. many business schools in Asia struggle to attract international students to their programs. However. author of the report. the QS Global 200 Business Schools Report provides detailed ratings of the top 200 business schools by region and MBA specialization. Nunzio Quacquarelli. the fast-growing economies 26 || QS TOPMBA CAREER GUIDE . which translates into high percentages of diversity in their MBA classes. business schools in Asia are still very much in the developing stages. At an even earlier stage of development. it should be noted that for the most part. Since 2004. provides an in-depth analysis of the ratings and associated MBA hiring trends. It points to a fast-paced increase in the quality of the region’s MBA programs. European business schools are particularly good at attracting an internationally diverse applicant pool. At the same time. As shown in the QS Global 200 Business Schools Report 2012. the importance of future business leaders having an international outlook cannot be underestimated. as is represented by many European schools that score well in the international management rating. which are increasingly being recognized by international employers. With such globally influential economies. many business schools place a high importance on international class diversity. In their quest to ensure MBA students are given the international exposure needed to operate in the heavily globalized world that they work in.000 MBA employers worldwide. Employers clearly value this. n a world that is growing more integrated by the year. This brings the total number of schools from the region to 36.

Innovation and entrepreneurship have become greatly valued by MBA employers around the world. In almost all specialization ratings. This is even the case for international management. which has encouraged international employers to look to local business schools when hiring MBA graduates. and the trend of an increased emphasis in the nurturing of CSR values is reflective of that. while in Africa and the Middle East. this is due to close working ties with some of the most respected institutions in Europe. EDITORIAL || 27 . they are still climbing and showing promise in developing a greater international outlook among their MBA graduates. While local markets are important to the country. The two specializations. With close ties to the UK and a financial powerhouse of the world. Further. but also as a result of China’s huge economic expansion creating a need for international businesses to hire executives with a strong understanding of Chinese business. one theme in particular stands out: Indian business schools are fast gaining popularity among MBA employers. Rise of the BRIC nations Throughout the QS Global 200 Business Schools Report. though not one of the BRIC nations.employers to consider hiring from business schools located there. economic expansion is also the reason that we can see countries in Latin America improving their reputation among employers. and Brazil are home to the top four business schools in the region. Hong Kong has long been considered to house some of the region’s most respected business schools. MBA graduates with innovative and entrepreneurial ideas in the field of finance will be of great use in helping the continent to avoid its own ‘Lehman moment’. both counties’ economies have undergone major expansion in the past decade. are also valued by governments as they look to business innovation and the entrepreneurial mindset of future business leaders to create economical growth during a tough economic climate. government investment and political change is likely to attract more schools to the region. showing significant improvements since last year. Russia is the only BRIC nation not represented in the QS Global 200 Business Schools Report 2012 – a result of the strong focus on local markets among Russian business schools. which are so closely linked that some business schools merge the two fields into one department. Although the region’s management education sector is still developing. could plunge the global economy into previously uncharted financial difficulties. which if it happens. Whether or not the blame was rightly placed. a greater international presence in Russian business school curricula could help the internationally reserved country to achieve greater global economic prominence. business schools received a degree of blame for what some believe to be a failing in the teaching of corporate social responsibility (CSR) in their programs. in order to ensure it caters for internal business needs. Chile. Indian schools have climbed considerably when compared to last year. However in recent years. Specializations in MBA education Recent months have seen huge public protests around the world against the perceived greed of many high-level business executives and the organizations that they run. as while Indian business schools feature lower down the rating than they do in other specializations. business schools located in mainland China are being viewed on a similar level to those in Hong Kong. Hong Kong in gaining greater prominence among international employers of the country’s business schools. In part. Business schools constantly alter their MBA programs in order to reflect the needs of global business and the world that they operate in. In Europe in particular. This represents a rapid rise in international employer reputation for China’s top business schools. Mainland China follows its special administrative region. At the same time. and features strongly in the QS Global 200 Business Schools Report. MBA programs have evolved since the onset of the current global economic difficulties.

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000 97. business schools in the US and Canada remain highly relevant to global MBA employers and a must-have for domestic employers.0 100. Although average salary figures do not make up the QS rating.000 85.7 100. North America’s top business schools according to MBA employers around the world 2012 2011 5 19 8 1 13 16 12 17 18 7 2 14 10 3 6 4 9 11 15 20 5 29 8 1 18 19 15 30 31 7 4 12 10 3 6 2 11 9 13 31 Institution Columbia Business School.000 87. Massachusetts Institute of Tech.000 100. Those featuring in the top 10 have received more than 95 in the employers’ index vote.C. As the historical home of business schools and MBA education.000 98.9 71.Yale U.0 89. Rotman School of Management.0 85.000 110.000 101.000 107. The U. Desautels Faculty of Management at McGill U.0 100.000 employers around the world QS TOPMBA CAREER GUIDE North America: a must-have for MBA recruitment Despite the ongoing economic troubles over the past few years.2 71. Columbia U. Northwestern U.com/global-200-12 30 || .000 111.4 75.QS’ research reveals the top 200 business schools around the world Nunzio Quacquarelli. Cornell U. Duke U.000 88.5 100. Haas School of Business. a testament to the quality and high level of competition among business schools in North America.9 75.000 73.7 Avg Salary (US$) 106. Schulich School of Business Country US CA US US CA CA CA US CA US US US US US US US US US US CA Employer Index 100.0 100. of Pennsylvania UCLA Anderson School of Management U. Ross School of Business Yale School of Management. The schools featured above are only those rated in the top cluster of each region. author of the QS Global 200 Business Schools Report takes a closer look at the schools that made it into the top-tier. UC Berkeley Harvard Business School Joseph L.000 103. of Chicago Booth School of Business The Wharton School. The U.000 119.000 Source: QS Global 200 Business Schools Report. Johnson Graduate School of Management.0 93. of Western Ontario S. North America has always been an attractive location for employers to recruit MBAs from.000 113. York U. To access the full rating.0 69.000 96. The Kellogg School of Management. (MIT) Stanford U. Graduate School of Business Stern School of Business.6 65. U. the North America table indicates a clear correlation between the highest average salaries and the business schools that appear in the top cluster.0 96.000 90.1 93. (NYU) The Fuqua School of Business. This is indicative of the salaries that employers are prepared to pay for graduates from the business schools that they value the most. New York U. visit: TopMBA. Sauder School of Business. as voted for by over 2. of Michigan.3 100. of Toronto Queen’s School of Business Richard Ivey School of Business. U.000 102. of British Columbia Sloan School of Mgmt.000 99. U.0 98.000 77.3 98.

com/global-200-12 EDITORIAL || 31 . University of Navarra IMD Imperial College Business School. 2011 was a record year for employment statistics among European business schools.8 100.000 113.000 112. the Americas and the Middle East.1 99.000 Source: QS Global 200 Business Schools Report.0 Avg Salary (US$) 69. Spain has three business schools in the top cluster.1 99. To access the full rating. Europe’s top business schools according to MBA employers around the world 2012 2011 13 11 7 14 9 5 4 8 12 1 10 2 3 6 22 17 6 27 7 9 4 8 14 1 11 2 3 5 Institution Central European University.8 97. CEU Business School Copenhagen Business School ESADE Business School European Business School (EBS) HEC MBA Program (Paris) IE Business School IESE Business School.0 99. Spain and France also have numerous business schools that are favored by employers. which in turn appeals to global MBA employers.000 101. 24% in France and 21% in Spain. the UK is the country with the largest amount of business schools in the top cluster.000 125. ensuring they attract top international talent.8 82.France Judge Business School.000 94.000 111. The hiring preferences of employers are reflective of the top three European destinations for MBA study among prospective students.0 77. Europe has a large cluster of top-rated business schools. Today. Furthermore.4 67. The UK remains the leader in Europe in terms of employer opinion of MBA graduates.0 92. Despite the economic woes of the region.3 93.8 100.000 89. The schools featured above are only those rated in the top cluster of each region.Europe: the forefront of innovation European business schools continue to be at the forefront of innovation in business education.000 112. while France has two. Imperial College London INSEAD . They are supplying MBA talent not only to local employers in the region. 46% of prospective students want to take their MBA in the UK. According to the latest QS TopMBA.000 93. but also to employers across Asia.com Applicant Survey.7 96. visit: TopMBA. challenging the hegemony of US schools. The majority of business schools featured in the European rating are from the UK – a total of 22 out of 67 schools (33%). University of Cambridge London Business School Oxford University. Said Business School SDA Bocconi School of Management Country HU DK ES DE FR ES ES CH UK FR UK UK UK IT Employer Index 69.8 98.000 107.000 82.

the local demand that does exist in Latin America tends to be on a country basis. they are unable to attract as many international students as schools in Asia – a region which only a decade ago. Universidad Panamericana Country BR MX BR AR CR MX CL CL PE MX Employer Index 49.000 50.8 20. Latin America’s top business schools according to MBA employers around the world.0 40. with few employers recruiting across borders. The schools featured above are only those rated in the top cluster of each region.0 29. Pontificia Universidad Católica de Chile has climbed to the top spot.000 56. Few business schools in Latin America have been successful in developing an international reputation. which further points towards the region’s developing economies.4 47.7 47. Universidad Austral INCAE Business School Instituto Tecnologico Autonomo de Mexico (ITAM) Pontificia Universidad Católica de Chile Universidad de Chile ESAN.3 Avg Salary (US$) 68. 2012 2011 2 5 3 6 7 8 1 4 9 10 3 4 6 7 5 2 8 10 9 1 Institution Business School Sao Paulo EGADE-Tecnologico de Monterrey. representing the fact that the business education market is still developing in terms of its reputation among international employers.com/global-200-12 32 || QS TOPMBA CAREER GUIDE .000 28. A Chilean business school.000 Source: QS Global 200 Business Schools Report.000 15.4 48. The Latin American ratings have shown big changes compared to last year.9 31. visit: TopMBA. Campus Monterrey Fundacao Getulio Vargas IAE Business School. As a result. To access the full rating.3 63. could more easily be compared in terms of the quality and availability of MBA education. Escuela de Administracion de Negocios para Graduados IPADE Business School. On the other hand.8 17.Latin America: developing MBA education The majority of employers in Latin America are still looking to hire MBAs educated at the best international business schools in North America and Europe.

of Hong Kong.3 49. The schools featured above are only those rated in the top cluster of each region.000 50. Beijing International MBA Programs . There are many more business schools across the African continent.000 51.000 Source: QS Global 200 Business Schools Report. The American University of Beirut University of Stellenbosch Business School University of Witwatersrand Country EG ZA LB ZA ZA Employer Index 36.7 39. the economic growth in some Asian countries. For example. AGSM MBA Programs Country IN SG AU SG CH IN IN IN AU AU SG CH IN AU AU HK HK AU Employer Index 90. business education in the Middle East is in the very early stages of development.9 11.0 15.000 Source: QS Global 200 Business Schools Report. National University of Singapore China Europe International Business School (CEIBS) Indian Institute of Management Kolkata Indian Institute of Management. Asia-Pacific’s top business schools according to MBA employers around the world. Olayan School of Business. The rapid rise in the number of internationally recognized schools is indicative of the improving standards of Asian institutions.com/global-200-12 EDITORIAL || 33 . countries such as the United Arab Emirates and Qatar are investing in attracting management education providers from abroad to help train local business leaders and future-proof their economies.5 88.com/global-200-12 Middle East and Africa MBAs: future promise The business schools in this year’s rating for the Africa and Middle East region have all featured in previous years.5 86. Jain Institute of Management and Research Sydney Business School.4 57.1 23.000 28. Furthermore.000 28.000 112. Middle East and Africa’s top business schools according to MBA employers around the world. employers increasingly recognize the quality of MBA graduates from certain schools in the region.3 51. but management education is still in its infancy and it will take many years before these schools achieve real prominence on the international stage. visit: TopMBA.4 35.3 52. particularly in China and India.7 Avg Salary (US$) 67.6 Avg Salary (US$) 75.. Monash University Faculty of Business and Economics Nanyang Business School. Three out of five of the schools are located in South Africa. business schools in the AsiaPacific region are strengthening their role in the global MBA education scene.6 42.Singapore Melbourne Business School.000 121. the number of Asian and Australian schools featured in the QS Global 200 Business Schools Report has increased from 10 in 2004 to 36 in 2011 – a massive rise in just seven years.000 50. The schools featured above are only those rated in the top cluster of each region.BiMBA S.5 38.5 96.3 53. P.000 75. with the region looking to diversify its economy away from a strong reliance on the extraction and trade of natural resources. has heightened the demand for more accredited business schools in order to train the next generation of successful business leaders.000 40.000 70. To access the full rating.000 63. However. Bangalore Indian School of Business Macquarie Graduate School of Management.6 39.000 113.000 70.9 62. Business schools in Asia-Pacific are looking at the standard of top US and European institutions as indicators of how they compare and where they could improve.9 41. Graduate School of Business The Suliman S. Nanyang Technological University Peking U.3 23. 2012 2011 2 1 3 4 9 8 5 7 14 15 12 11 16 13 18 10 17 6 6 1 2 3 7 12 5 9 11 13 10 28 14 18 19 8 16 4 Institution Indian Institute of Management. The University of Melbourne NUS Business School.000 30. University of Wollongong ANU College of Business and Economics The HKUST Business School The U. visit: TopMBA. Faculty of Business and Economics University of New South Wales.7 14. Macquarie U.000 50. Ahmedabad INSEAD .Asia-Pacific: a strengthening role in the global MBA scene Year-on-year.2 23.000 103.000 133. To access the full rating. In general terms. 2012 2011 2 1 4 3 5 1 2 7 5 6 Institution American University in Cairo University of Cape Town.000 85.000 100.

c’est : Des conseils pour évoluer et progresser dans sa carrière Un rendez-vous quotidien avec les acteurs clés du monde de l’entreprise Un décryptage des dernières tendances de l’Internet Des outils pour tirer parti des nouvelles technologies 2. Et vous ? Source : Médiamétrie//Netratings.journaldunet.com .5 millions* de décideurs nous lisent. septembre 2011 www.100% business pour décider Le Journal du Net.

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he is leading the world’s largest beverages organization – The Coca-Cola Company. His journey to the top of Coca-Cola. where he holds the position of chief execu- My MBA experience taught me to refine both the analytical side of my thinking and the creative and emotional side tive officer (CEO) and chairman of the board of directors. “To be honest. He began his post-MBA job hunt looking for two things – a worldwide and diverse organization and the potential for career growth.Bubbling with success: an MBA alumni profile Coca-Cola’s CEO talks to the TopMBA Career Guide about how an MBA helped him prepare to lead the world’s largest beverage company QS TOPMBA CAREER GUIDE Muhtar Kent Chairman of the board and chief executive officer The Coca-Cola Company uhtar Kent never set out to become the leader of a multinational organization after he graduated with his MBA in 1977. I wasn’t thinking specifically about becoming a CEO at a large consumer-based organization. Now. in a growth industry.” M 36 || . I just knew that I wanted to be part of a world class company. started when he saw a classified advert for a position with the 125-year-old beverages company. and part of an organization where diversity was valued and where there was a global perspective.

” Invaluable MBA lessons Kent says his business success stems partly from his MBA studies at Cass. In just two years. Six years later. Efes Beverage Group. Japan and Russia in 2006.” When asked what he enjoyed most about studying for an MBA. Efes Pilsen. use this time to cultivate the knowledge resources and relationships that you will need later on when you venture out on your own. Kent became the president and chief operating officer of The Coca-Cola Company. the teachers and the camaraderie. Kent returned to CocaCola as president and chief operating officer for the North Asia. “It teaches you to have a holistic view of the mechanics. and make the right judgment calls when it comes to your personal life. transfer what you’ve learnt in class to the realities of the real world. depending on how you look at it – my demanding coursework forced me to be inside most of the time with my books. But looking back at his time at Cass. “Don’t let the curriculum force you to think in the abstract.” Kent says an effective leader requires a strong strategy: “To effectively lead in an organization. I also had the added bonus of really enjoying the classes.Climb to the top Kent’s career with Coca-Cola spans three decades and it began one year after he graduated with his MBA from Cass Business School in London. Kent’s promotion in 1989 saw him managing Coca-Cola’s operations in 23 countries as president of Coca-Cola East Central Europe division and senior vice president of Coca-Cola International. “If you haven’t had business experience. His remit expanded to include operations in other countries including China. “The company has embodied so many of the characteristics and attributes that I was looking for and which captivated me as a young graduate – and it still does. particularly a large one. one of the biggest challenges that students face is the pressure of managing assignments and coursework with family and personal commitments. where he oversees all operations of the business. “Always be flexible. “My MBA experience taught me to really refine both the analytical side of my thinking and the creative and emotional side – something that has paid off in droves as I have progressed through my career. Kent received one of the biggest promotions of his career yet – he was appointed as chief executive officer of The Coca-Cola Company. so you can constantly refine and fine tune as you go along.” Turning MBA study to business reality Kent’s advice for business management success is to transfer the skills and knowledge learnt from the MBA classroom to the realities of the business world.” Though the most valuable lesson from his MBA was learning to take a holistic approach to business. he says. For me. brewers of Turkey’s best selling beer. An MBA will be more valuable in the coming years than it has ever been. Most of all enjoy this experience. but the UK’s winters. As with many MBA programs. That was invaluable to me. strategies and psychology of business. and later took on the role as chairman of the board of directors in 2009. He joined Coca-Cola in Atlanta in 1978 and held a variety of marketing and operations roles prior to 1985. you first need to develop a vision of where you want to go and have an effective strategy on how to get there. “Coming from a Mediterranean climate. Eurasia and Middle East group in 2005. Kent says it was the challenges. the grey and misty UK winters could be a bit relentless. You also have to have an ability to relate to people. His brief departure from the global beverages company in 1999 made way for an executive position at the Istanbul-based brewery. his least favorite aspect of his MBA experience was not related to the program.” However. when he ascended to the role of general manager of Coca-Cola Turkey and Central Asia.You can’t survive in a rigorous MBA environment unless you force yourself to prioritize and focus. If you’re already an entrepreneur or a manager in a business. He later took up the position of managing director of Coca-Cola Amatil Limited Europe. Fortunately or unfortunately.” EDITORIAL || 37 . and forge strong relationships at all levels and stages in your career. You also need to be able to effectively process a lot of information coming to you from many angles and be able to act effectively on that information. read people. he says “My MBA years forced me to stretch myself and juggle demanding classes and group assignments. England. Being a fast mover is critical. leading bottling operations in 12 countries between 1995 and 1998. In the same year. Looking back at the start of his career with Coca-Cola.

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then MBA During his college years. Finally. I quantified the impact of my actions.” he says. He gained an MBA qualification from a top business school and found his dream finance job at one of the leading banks in the Latin American region.” Rodriguez says. “I thought for several days about my main achievements to date and identified the ones that reflected the impact my actions had on a broader scale. so everything came full circle and I couldn’t be happier. 40 || .” Work experience. “It was clear to me that I wanted to go back to Peru after getting my MBA. “I clearly remember when I got the e-mail with details of how to apply for the scholarship. I had just arrived in Ann Arbor in the US. Rodriguez had made up his mind about taking an MBA. “The most exciting and challenging task in this position is having to actively negotiate with several banks within a global financial environment that is marked by volatility. I outlined the problem at the very beginning of the essay in an easy and compelling way. A winning scholarship application Rodriguez pushed further ahead with his MBA application after winning the QS Leadership Scholarship. ‘I do have compelling leadership experience and I attended the QS World MBA Tour in Peru.” he explains. The exciting opportunity sees him managing BCP’s relationships with leading banks around the world. Rodriguez achieved the career goals he set for himself.PUTTING MY MBA DREAM IN FOCUS QS scholarship winner I think my application was successful because the essay demonstrated that barriers can be overcome regardless of age or experience The QS Leadership Scholarship for MBAs helped one aspiring business leader reach his career goals J QS TOPMBA CAREER GUIDE ust a few weeks before graduating with an MBA from Michigan Ross School of Business in the US.000. The key to a successful scholarship application is investing significant time to planning and structuring the application essay. worth US$10. I outlined how the actions I took had an impact in a developing country such as Peru. Then. when I thought to myself. “I wanted to make my case clearly by laying out the story in a captivating way. I elaborated on all the actions I took to solve that problem. First. and was still unpacking.” Rodriguez explains. “I think my application was successful because the essay demonstrated that barriers can be overcome regardless of age or experience. Christian Rodriguez landed his dream job as senior relationship manager at one of the biggest banks in Peru – Banco de Crédito del Peru (BCP). so let’s give it a try’. After graduating he set out to work full time to gain the years of work experience needed to apply for business school. where his expertise is being used to negotiate credit lines and funding rates.

career focus. Rodriguez was set to apply to business school.com || 41 . He enrolled onto a GMAT test prep program seven months before he was scheduled to take the admission test. learning environment.” he says. I thought the best way to do that was to get back on track with my dreams and get my MBA from a top business school. I reflected on my career. academics. Rodriguez took a diagnosis test for the Graduate Management Admission Test (GMAT) and the results of that indicated a reasonable score. taking mock tests. I was no longer enjoying routine and I decided that I needed a change for good. and financing options. This definitely helped me to choose which programs to apply to. “My main criteria for choosing a business school were prestige. His new challenge was finding the right school. That was the comfort zone and time began to pass by. Universidad Peruana de Ciencias Aplicadas (UPC). Through a lot of hard work. simulations and reviewing my mistakes. percentage of international students. “If I could sum up the most valuable lesson. employment and salary figures. “Preparation was tough and I spent several nights and weekends studying at home.” Rodriguez chose Michigan Ross School of Business and took away valuable skills that he now relies on in his current position. I took the test and got a very decent score. Getting dreams back on track “Five years later. it would be one word – teamwork.” Now with a GMAT score he was happy with and five years worth of work experience. “It was also very important to me to get a sense of what the MBA experience at a particular business school would be like.” Other scholarships available from QS QS offer a number of scholarships to those interested in taking an MBA and are inviting applications for the following scholarships: QS Community Scholarships for MBA and Postgraduate Studies QS Leadership Scholarship for MBA and Postgraduate Studies ESSEC Global MBA Excellence Scholarship QS ESMT diversity scholarships EDHEC MBA Scholarship for Global Leadership Sydney Business School International Scholarship QS Melbourne Business School International Scholarship USC Marshall School of Business Scholarship EMLYON Business School Entrepreneurial Scholarship Ashridge Business School Scholarships IE Business School Scholarships for Women EDITORIAL Vlerick Leuven Gent Management School Scholarships For more details. The work routine and being financially independent is really enticing. The only way to gauge an idea was to meet current students and alumni. but one he felt wasn’t high enough for the programs he was aiming for. I worked for a government agency called Prompyme and later at a Peruvian university. Michigan Ross School of Business was excellent in stressing the importance of this by engaging us in real-life situations with real stakes.” The application process wasn’t an easy task. “After I finished college.Rodriguez held positions in the public and academic sectors for five years. before taking the decision to embark on the MBA application process. please visit: TopMBA. and I decided it was time to get my MBA.

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online. or even which continent to spend each semester in if their program is taught on multiple campuses. and distance learning as those that are predominantly taught remotely. the mental demands are certainly not. Then an applicant may have to select the length of program. The pressures of working remotely However. distance learning and online program formats the differentiating aspects can be a little more blurred. while distance learning MBAs include some on-campus sessions For clarification. spend some time uncovering these differences so you can determine which programs are best for you. as a discerning MBA applicant. online. distance learning. president and founder of Accepted. disciplined and organized and be able to adapt their learning styles to ensure that when they are 44 || . and distance learning program formats may be less than traditional on-campus formats. Meanwhile. executive director MBA and director of international development at Cranfield School of Management in the UK. “The rhythm of work and the mode of study are very different: executive MBA students need to be able to work remotely.” explains Linda Abraham. “We spend so much time trying to distinguish ourselves in our MBA applications. and connect with their fellow cohort. while the physical. Similar to the distance learning format. a certain specialization or set of electives. but there’s actually a lot of distinguishing that needs to be done on the other side as well – on the side of the MBA programs themselves. “They must be very focused. “Each [program] has its own characteristics.com defines online MBAs as those that are solely taught online. part-time.com. Richard Burns weighs up the pros and cons of on-campus and off-campus MBA study modes inding the right MBA program among the many differing. worthwhile options can be a confusing venture. advantages and disadvantages. but do include a requirement for students to attend some on-campus sessions. Study modes are plentiful: full-time. typically on weekends. TopMBA.” The differences between campus-based full.n-campus versus ff-campus considering MBA format options With a growing number of off-campus program formats such as online and distance learning MBAs being offered by business schools. It’s important that you. they allow students to continue with their career and personal life as on-campus requirements are normally scheduled outside of office hours. on-campus demands of executive. and executive.and part-time MBA programs are fairly obvious. to communicate electronically and to motivate themselves when nobody is standing over them. its own strengths and weaknesses. however for executive MBAs.” explains David Simmons. M F QS TOPMBA CAREER GUIDE Online MBAs are solely taught online. it is almost universally agreed that executive MBAs are programs for those with six or more years of work experience – the idea being that those enrolled on an executive MBA program will be able to learn a great deal from.

an annual global survey by QS has seen a decline in MBA applicant interest in full-time MBA study modes. Geneva and academic business development at Thunderbird School of Global Management.” explains Jerry Trapnell. Predicting the returns from an investment in a home depends on your expectations in the real estate market.2 Source: TopMBA. However as Trapnell continues. coupled with careful research and an analysis of the options available is paramount. director of executive MBA. Distance programs may give you all the separate ingredients but that doesn’t create the flavor. and an unwillingness among applicants to give up a stable job in order to study full-time.” B A EDITORIAL || MBA study mode Full-time Part-time Executive education Distance learning Online learning % of respondents 2009 82.0 2011 56. “I believe it’s a cost-benefit analysis. Deciding what it is that they wish to gain from an MBA. vice president and chief accreditation officer at US-based accreditation agency AACSB. that can only come from the way those ingredients are mixed and blended!” Ultimately.2 9.5 9. choosing an MBA is a bit of a ‘mortgage’ on your career. and predicting the value of an MBA depends on your confidence in the labor market. it is down to the individual applicant to weigh up the pros and cons of each school. since technology has improved communications. Many top-ranked schools offer modular executive programs and/or high-quality online MBA programs. and many are opting to keep momentum rolling in their careers by exploring alternate formats. Opportunity cost of an MBA “Candidates are considering the opportunity cost of a full-time MBA (leaving the labor market for one or two years). online and executive that allow them to continue working while studying. In our experience executives develop their own very strong bonds and a true sense of commitment to one another. then the online degree or lesser known institutions is where you’ll find a degree of uncertainty as they are competing with graduates from better-known institutions and programs.5 3. “The MBA is so much more than just a body of knowledge. this dropped to just over 56%. over 82% of respondents to the TopMBA.” Perhaps as a result of recent economic uncertainties.” says William McDonald. “It is a different kind of shared experience which in its own way can be every bit as intense and transformational as a fulltime program with the added elements that life impinges on study and that learning can be put to immediate use. Although the full-time MBA study mode remains by far the most popular format.working in teams on campus they are able to maximize the benefits of those direct interactions. but requires a credential that might help advancement internally where they are. Some applicants instead look to program formats such as distance learning.9 10. But by 2011. then the online format makes a lot of sense intended outcome of an MBA program is to find a new job or to gear them up for a change in career. since 2009 all other study modes have increased in popularity.6 2. That kind of understanding comes from real interactions with real people grappling with real challenges. program.7 2. or a situation where they don’t have a job and are looking for one. and format.” says Simmons at Cranfield.com Applicant Survey 2011 45 . “Like when you buy a home. In 2009. “If you think about the ultimate assessment that an applicant has to make. “Careful analysis of that is essential for any prospective student making the decision about which course to apply to.com Applicant Survey acknowledged that they were primarily looking to study full-time.” “If a student is employed and wants to remain employed.” “Our view is that online and distance learning can never deliver the same quality as the face-to-face experience.2 18. then the online format makes a lot of sense.5 5. if the If a student is employed and wants to remain employed. a new career direction. it is fundamentally about developing an increased awareness of oneself and others in order to be able to work more effectively with and through others. it is ‘can a program maximise my opportunities post-degree?’” says Trapnell of AACSB. then off-campus MBA program formats may not be the ideal solution: “If a student is thinking about the MBA being their springboard to a new job.

Information Technology. you have that option at CLU. It is therefore also important not to loose sight of the knowledge. MBA programs have been accused of promoting some questionable behaviour that may have contributed to the current global economic crisis. Over 90 % of CLU students in full-time programs complete their MBA in 12 months. applied knowledge. and most importantly. Around the world. and at CLU we take business ethics and values very seriously. Balance is imperative. It is clear that business history repeats itself in ways painful to those who have not learned its lessons. we must accept the fact that business schools are primarily there to educate current and future managers according to the needs of the corporations. moreover. Employers assure us that these specializations position our graduates to be among the most highly desired in the career marketplace. In these discussions. business and higher education are finding themselves amidst discussions about values such as honesty. Marketing.The future belongs to those who meld their understanding of the past with the ideas of those who can visualize beyond the current competitive horizon. International Business. Not only do our faculty members have multi-year professional experience from a multitude of countries. and skills that business leaders need in order to act responsibly. Entrepreneurship. sustainability or even modesty. At the School of Management at California Lutheran University (CLU) we have not just recently started to react to these changes in the global economic environment. we believe the differential advantage of our MBA programs includes the acquisition of useful. A basic business understanding is certainly necessary. Charles T. then the MBA program at CLU in California may just be the right program for you. One of its positive side effects is that we have started to question some of the principles by which corporate and individual behaviour have been guided in the past. one of the recurring themes has been the role business schools and. in particular.We have always seen our role as going a step beyond teaching 46 || QS TOPMBA CAREER GUIDE . After all. companies need to be profitable and competitive. Velocity is a function of speed and direction.Responsible MBAs the immediate skills that are demanded from MBA graduates in many ways: Our faculty members believe in the value of respect for the importance of individual. Management/Organization Behaviour. However. innovative. Maxey Dean at School of Management. If you are looking for an MBA that combines thorough business education with sound values. Only when MBA graduates have reached mastery of the many fundamentals. but it is far from sufficient in today’s environment. Neither purely theoretical models nor detailed case studies alone can provide for the development of the insight. CLU’s accelerated MBA program can be completed in as few as 12 intense months. graduate business schools must do the same. organizational and societal values. N ot everything is bad about the economic downturn. one which is efficient. With all of this in mind. California Lutheran University At CLU. The sooner you graduate. Government. we are increasingly aware that the decisions that business leaders make have important implications for the larger society. should you wish to make changes in the length and intensity of your MBA program. CLU is committed to deliver cutting business education that is both rigorous and meaningful: We offer an education with a focus. And yet. Our increasingly specialized world demands increasingly specialized managers. exploring them throughout our curriculum and practicing them in our day to day work with students. skills and abilities that are required to run organizations successfully. but there also exists the possibility of earning an MBA in one of several specialized fields including: Finance. should the student choose. perspective. questions of values and responsibility form an integral part of the learning experience. and flexibility exists to extend this period. Values implications are central to sustainable business practices. That all business is global has long ceased to be a secret. they will be empowered to make responsible decisions. and can be completed in 12 months. In such an environment. where you and your employer will be benefiting from the knowledge and skills of your MBA experience. In response to myriad global competitive challenges. An emerging trend in graduate business education worldwide is the movement towards specialization. At CLU one can earn a general MBA. Just as business must increase their speed and constantly reassess their trajectory to remain competitive. the sooner you will be back in the labor market. Many times. Our curriculum and courses are designed with this in mind.The current global economic crisis provides a good occasion to think of yet the next step in the evolution of business schools worldwide.The educational programs that will be most effective at developing tomorrow’s successful executives are those which provide a good grounding in the fundamentals of business and at the same time teach students to deal meaningfully with the new complexities.There is no doubt that business schools worldwide must accept their fair share of responsibility. and Financial Planning. MBA programs have played. CLU faculty and MBA students thoroughly examine the competitive environment of the future. CLU’s MBA program also offers a diverse student body that lets student experience both the beauty and the challenges that cultural differences may present. is respected by employers. thereby providing an international outlook in their classes. responsibility. encourages focus. MBA programs have evolved in many different ways.

the goal is always the same: Find a program that gives you the edge needed to excel in your course work and beyond.com and to contact our team with any questions you may have about the MBA programs at Colorado State University.CSUOnlineMBA.In pursuit of the right MBA program What will an MBA degree do for me personally and professionally? Will the degree give me a competitive advantage in the workplace. It is with this mindset that I ask you to consider the role Colorado State University’s MBA Program might play in your life. challenging and compelling. and executive – it’s all a part of the process. The checklist many of us have in our minds is familiar: I EDITORIAL || 47 .We believe this because we have an unparalleled record of success providing AACSB-accredited MBA degrees through distance delivery methods for more than 40 years. At CSU. Confusion can reign alongside your desire to engage in a program that works for you and your life circumstances. traditional. blended. In the end. We know there is a certain degree of trust you place in any school you choose to In the end. you’ll find students very much like you already enrolled in our programs – students who ask the tough questions and seek the answers to be successful. With this experience. decades before other institutions. Colorado State University College of Business n any element of business. I urge you to explore our website at www. professional. campus-based. and a group of faculty and staff that we trust to be some of the best around.Whether it is a private. How you handle it often defines subsequent success or failure. John Weiss Director. distance. public or for-profit institution MBA program. you want and need a quality curriculum that will help you reach your goals provide you with the knowledge you need. we all face competition. you want and need a quality curriculum that will help you reach your goals. MBA programs. and will they be worthwhile in the end? You undoubtedly have already surveyed the highly competitive environment of graduate business degree offerings available from a wide variety of institutions. We sincerely believe that you have come to the right place. or help propel me into a new field or career? Will I be able to meet the sacrifices required. There is a lot to consider when planning an educational endeavor such as an MBA program. Sorting through the maze of seemingly nebulous terms like online. we think you will find our programs to be engaging.

we focus our programs on the new frontiers of business. Revlon (1932). “it’s not what you know but who you know.’ Classroom curriculum in general will naturally adjust to reflect the challenges of the time. offering a long-term return on interest even if short-term opportunities seem discouraging in a difficult economic climate. and Africa. focusing on experiential learning. the degree’s value still holds. many successful ventures have been launched in difficult economic times. an MBA provides you with a launching pad for when the economy rebounds. and innovation. Additionally. such as negotiating in the Chinese envrionment. only hastened the shift in global economic power toward emerging economies. we are witnessing the remarkable growth of emerging markets. A major element in working to achieve these program goals is the active immersion of our global MBA students in global economies. creativity. Pursuing an MBA during a complicated economic period may even prove to be more useful and interesting than studying when times are ‘easy. and Hewlett-Packard (1939). An MBA sets you apart from the crowd during hiring processes and recruiting. human resource management and broader management topics. and in taking a strategic approach to new policy. At ESSEC Business School. poverty. If big firms aren’t hiring. This global environment is particularly interesting. as well as the tools to identify and prevent problematic trends.” and the contacts you will make in your MBA cohort. Once hiring picks up and more opportunities are available. from thinking ‘green’ to considering broader social and political questions surrounding such issues as transportation. Once in a role with a firm. building a knowledge base that sets the foundation for a thriving business. economics. ageing populating. Students build a skill set that allows them to be especially successful in leading a restructure or streamlining activities. Latin America. education. Investing in an MBA is investing in your future. In fact. MBAs provide the well-rounded functional W 48 || DEAN’S DIARIES . having an MBA makes one a more valuable asset and thus less susceptible to dismissal during lay-offs or other tough periods. while simultaneously developing their capacity for innovation and teamwork in a new economic context. A field trip takes students to Eastern Europe. in maximizing team work. and an economically dark period might just be the perfect moment to build your profile and re-assess your career. Similarly. through networking and professional events planned by your program.This knowledge and skill set will serve them powerfully when they re-enter what is today a rapidly changing marketplace. urbanization. marketing. Ashok Som Associate dean. particularly in the emerging markets of Asia. will be a life-long resource and a major career asset. An additional benefit that MBAs bring to companies is the ability to share knowledge. challenging. ESSEC Business School hile the financial burden of pursuing an MBA might seem even more daunting during difficult economic times. where they work in the field to devise concrete solutions to real problems. and more spending power on the part of these economies to reinvest in developed nations. but also present their own unique risks and complex issues. Good schools can open doors to international networks of fellow students and alumni – a major bonus for those looking to move into a globally influential role. programs that give you a global scope and perspective through their alumni network will make you an even more desirable candidate. As the saying goes. An MBA equips you with skills and new knowledge that are particularly useful and applicable in crisis times.This experience allows them to implement multicultural approaches in an environment fundamentally different from their own. etc. A five week module in Singapore focuses on geopolitics and how to do business in Asia. including GE (1873).Holding value through tough economic times knowledge required to be successful entrepreneurs. and makes an MBA a particularly valuable pursuit if one wishes to remain competitive and on the side of innovation when the economy is in a constant state of flux and reversal. and processes. products. with many employers even requiring an MBA as a qualification for certain positions in upper management. Global MBA. assuring a certain level of experience and knowledge. Financial crises in developed countries have. critical thinking. Currently due to globalization. Having an MBA on your resume makes you attractive to employers. Even as our society changes and different economic situations evolve. access to water. as well as the influential alumni from your chosen university. health care.To that end. And the experience-based learning project places small groups of students in an emergent country for a five week period. our Global MBA program is geared towards preparing students to better understand the challenges and opportunities of an increasingly globalized business world. if anything. And in today’s increasingly globalized environment. offering experiential learning that will prove valuable in the future. And we emphasize our students’ ability to think differently. An MBA student works rigorously to develop a thorough understanding of accounting. MBA degree holders are more likely to obtain high-up positions in a firm. the MBA is still honored and recognized as a degree that results in well-rounded business knowledge and leadership skills.These markets offer not only opportunities. and to re-train other employees in new tool and techniques to improve overall efficiency. This means more opportunities to do business in these economies. a professional newly equipped with an MBA is more prepared than ever to embrace them. finance.

Today’s companies have to start working on this task with undergraduate students. The students accepted in the program are granted pre-admission to the IESE Full-Time MBA program. EDITORIAL || 49 . so they can be trained right from the beginning to be future leaders by future employers.The initiative lets them start the pre-admission process for the full-time MBA while they form part of a pool of candidates who receive IESE’s help finding a job at a group of leading multinationals that collaborate with IESE on this initiative. Johnson and Johnson. which will involve working at one of the multinationals that participate in the program for several years. In an inter-connected world. Systems. an excellent academic record.Tilburg University. Once that period is completed. they return to the company and continue with their professional career. A win-win situation The program helps participating companies identify ambitious young talent from all over the world at an early age. the growth in international business activities and a new generation of young professionals. represent a true test for companies. Universidad Complutense de Madrid. leadership qualities and social concerns. Business schools have an important role to play in this area by helping companies identify talent. the vision and opportunities for young C Business schools have an important role to play in this area by helping companies identify talent How it works In their junior or senior year of undergraduate studies. this program is an unbeatable opportunity to participate in a top international MBA program. Rotterdam. Microsoft. and to be exposed to leading multinationals right after college graduation and join the business world in an environment of excellence. Philips. IESE also invites them to seminars. where they receive training on management skills to ensure they enter the job market quickly and effectively. IESE Business School ompanies will be faced with a major challenge in the next few years: attracting. the University of Leuven.Right after college graduation. like the one offered by IESE. Nestlé. For candidates. The Young Talent Program is an initiative that fits in perfectly with IESE’s mission: the development of leaders who aspire to have a positive. Jordi Canals Dean. deep and lasting impact on people. they receive the company’s support to do their MBA at IESE. integrity and spirit of service.New opportunities for young professionals professionals and improving the company’s reputation in the university community.Vodafone and the Boston Consulting Group. McKinsey. especially talent with leadership potential. Universidad de Navarra and Erasmus University. developing and retaining talent. companies need a wide range of managerial talent and professionals from different countries to help develop the company on local markets and bring a strong international culture to decision making at company headquarters. Participating companies include BP Cisco .When they finish their MBA. by providing information on the company’s strategy. IESE started up the Young Talent Program in 2008 to target talented university students from all over the world with a great potential. In this way. after going through the admission process.Young managerial talent in emerging markets is incredibly scarce.With the idea of providing a service to both young professionals and companies. with somewhat different profiles and high professional expectations. as well as other extracurricular achievements. Merck Sharp & Dohme. who will develop their professional career at the company and fill management positions for which they have the right training. and singles out those who are interested in studying an MBA program after they acquire essential job experience. attracting professionals with leadership potential. Universities that have participated in the initiative include Cambridge University. Besides providing these candidates with career orientation. they are invited to participate in the IESE Next Steps Seminar. firms and society through their professionalism. the best students from universities all over the world submit an application to participate in IESE’s Young Talent Program. the Millenials. Companies need to realize that educating competent people and allowing them to develop their professional career in the same company are excellent investments and sources of long-term competitive advantage. Oxford University. companies are able to attract young professionals with great potential. which provides an introduction to the MBA program and prepares them to begin a new phase in their professional careers. Globalization. giving them management education and widening their professional opportunities. Santander. Mango. which is now enriched with the management knowledge and skills they acquired during their studies at IESE. good professional experience and excellent training in an outstanding MBA program. L’Oréal. Princeton University.

TOPMBA CONNECT 1-2-1 your perfect Matching you with MBA program NORTH AMERICA EUROPE LATIN AMERICA MIDDLE EAST & AFRICA .

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When competing for a job or promotion. In the complexity of today’s environment. First and most prosaically. accounting. and you create the most value to yourself and others by having some focus. Companies know this. most like hiring or promoting an MBA graduate over someone without an MBA. Professor Martha Maznevski MBA program director at IMD T aking an MBA today seems risky – what will happen while you’re ‘out’ or while your attention is elsewhere? Will you get a job at the end. it is tempting to stick with the job you have and not invest time and money in an MBA degree. and discovering how to lead navigation in larger organizations – there are many different paths. it is a highly-respected qualification and well-recognized by most employers. such as those at the European Organization for Nuclear Research physics lab. The dialogues of conscientious senior managers today grapple with uncertainty and complexity. and that deliver on their strategies and value propositions. and other things equal. Then engage with curiosity. By investing in an MBA today.Economic downturn: a good time to invest in an MBA Second. an economic downturn presents enormous potential. leading businesses. These include globalized general management. expert professions like finance or human resources. we can learn a lot from them about navigating. and currently programs incorporate more content and experiences that develop tools for navigating. it rewards managers and companies who create efficiencies in productivity while providing real value for customers. 10. for you as an ambitious individual. marketing. especially in a depressed economic climate. It’s the same skill set the early explorers had when they set off to find new lands and resources. It helps you apply these fundamentals in many combinations and situations. ambition and discipline. Today’s prominent navigators include scientists working on big collaborative ambiguous projects. Good leaders are those who see opportunities in uncertainty. This doesn’t mean good leaders just leap off and do crazy things that seemed like a good idea at the time. the days of complete transferability – a manager is a manager is a manager – are over. strive toward more effective innovation. so you learn to scan the environment for good opportunities and to build systems that provide value. Despite sensationalist editorials and cartoons that question the value of an MBA. even when you can’t tell where you’re going. The one caution I urge. and most senior managers struggle with how to apply them to DEAN’S DIARIES || || 52 . Today’s situation begs for entrepreneurs who see new markets. There are many good MBA programs: ones with clear strategies and value propositions to you and to companies that recruit graduates. An MBA program covers basic fundamentals of business – finance. any edge you can get in a tight job market will help you with your career progress. it puts you ahead of those who don’t have an MBA. and people in many non-governmental organizations trying to provide services in political and social ambiguity. Within the motives I’ve identified above – developing good basic business and leadership tools. So conduct your research diligently. and ponder social responsibility and sustainability. strategy. operations. learning to identify and create opportunities. and make sure you are on the right path for you. Although these organizations have different direct stakeholders than businesses do. will it be better than the one you have now? What will it be worth in five. an MBA will help you take advantage of them. But the tools for addressing these dilemmas have not been well-developed in business. an economic climate like today’s is the best time to make such an investment. your career. Taking time to reflect. I call this skill-set ‘navigating’ – the ability to lead in a direction that creates value. You will grow yourself. Most MBA programs continually develop their curricula and pedagogical methods. The current economic climate presents countless possibilities for you individually. they learn and progress. But in many ways. or 20 years? In today’s uncertain economic climate. is to make sure you are getting the right MBA for you. They assess the prospects and build solutions. Good leaders don’t leave performance to chance. QS TOPMBA CAREER GUIDE Any edge you can get in a tight job market will help you with your career progress From a broader point of view.The set of knowledge and competences you develop in an MBA program are relevant to running a business. larger companies now need people with new ways of seeing the business environment. to practice new skills makes you a better manager and leader. and the institutions you are connected with. and specific applications like entrepreneurship or emerging markets. such the International Committee of the Red Cross working with victims of conflict. and so on – in a way that rounds out your skill set and allows you to generate options. organizational behavior. to explore new ideas. you will become more fluent with these tools and be able to provide this greatly-needed navigational ability to companies.

Equally there is more rigour and scrutiny around financial models and an emphasis on financial innovation. Combining this motivation with leading business thinking and using your MBA to network means a strong MBA program is still an excellent investment. is to do something personally transformative. Professor Michael Luger Dean at Manchester Business School network of contacts. Using an MBA to up-skill during economic downturns is nothing new but these benefits must be balanced with taking time out of industry. With this in mind international mobility continues to be a key consideration when deciding whether to take an MBA. good corporate governance. So our experience suggests that despite the challenging economic landscape. Brazil. And our MBAs are now able to study for an elective at one of our international centres in Dubai. The financial crisis has certainly impacted on the curriculums of the best MBA programs – we’re seeing more importance placed on leadership – especially ethical leadership. It’s M Strong programs have embraced these changes and are adapting to give MBAs the right tools to navigate this new global business environment Singapore or Miami. y advice to anyone contemplating an MBA is the same now as it was when times were booming: an MBA requires a large commitment of time and money – so weighing up the benefits to your career is essential. The business world is going through unprecedented change and the MBA programs that offer the best return on investment are those that use original thinking to meet those challenges head on. Hong Kong. the first is the not-for-profit project where MBAs explore the contribution from and relationships between the commercial and third sector. and corporate social responsibility. November 2011 saw the launch of a new collaborative DBA program with Shanghai Jiao Tong University’s Antai College of Economics and Management. whether in an up or down market. are used to working in multi-cultural teams and have access to an invaluable EDITORIAL || 53 . The projects build on each other. an MBA is still a worthwhile investment and the strongest students will go on to find excellent jobs.000 MBS’ MBA students and alumni. The most recent survey undertaken by the Financial Times reported that our MBAs increased their salary by an average of 116% three years after graduation. Manchester Business School’s (MBS) global strategic partnerships continue to evolve and our MBAs benefit from our alumni community based in over 140 countries.frequently undertaken with FTSE 100 companies such as Cadbury.Studying during good and bad times important to investigate whether business schools have a strong enough global footprint to offer the networks and career opportunities that give the best return on investment. One option is a part-time MBA.focuses on international and global issues affecting the client. MBS global links saw the launch of a talent management partnership with Astra Zeneca. with plans to roll out the initiative in the UK later this year. however many of the longer MBA programs give you the chance to take a practical MBA with a high level of industry engagement – enabling you to build contacts whilst developing your skill set. Strong programs have embraced these changes and are adapting to give MBAs the right tools to navigate this new global business environment. The partnership provides AstraZeneca with direct access to a global talent pool of 45. Shanghai. totalling over 600 hours of client facing time. The best justification for enrolling. The second project is undertaken with major blue chip organizations and focuses on market research and market penetration projects whilst the third 12-week international business project . We have recently increased the number of client facing projects. The first phase of the project is already underway in China through MBS’ Shanghai centre. American Express and AstraZeneca . The wealth of knowledge and experience that an MBA brings. ensures that graduates are equipped with a global business perspective. It comes in response to intensifying competition among employers to secure and retain high potential senior management talent.

Narayani Menon looks at how much value an MBA internship adds to a students employability T he best MBA degree from the most prestigious business school assumes little importance if the skills learnt in the classroom don’t find application in the real world of business.” she says.The career value of MBA internships MBA internships and other experiential learning opportunities can boost the chance of a student securing their ideal business management job. I had become part of the Saltire family and community.” she says.” Jessica Trogler. who embarked on a summer internship program as part of the Saltire Foundation Internship at the University of Strathclyde. a student from the University of Strathclyde Business School. “I was absolutely ecstatic when I heard the news. that in addition to the classroom learning experi- ence.” However. She joined Visa during the summer as financial planning and analysis intern at Global Finance. landed an internship that furthers her career goals. They are currently one of the fastest growing companies in Scotland.’’ explains Professor Rajesh Aithal. such as the Indian School of Business (ISB). It was very exciting and demon- QS TOPMBA CAREER GUIDE strated that beyond having a basic internship. but given the prior work experience. this vocational experience is through the form of MBA internships. which was going to give me a really good opportunity to network with business men and women established in the industry and make good contacts. The value of an MBA internship “Internships give students their first exposure to working in an organization and also a flavor of the functional area they are interested in pursuing later in their careers. “This role exposed me to the drivers of revenue and profitability for Visa. Alternatives to an MBA internship But while internships provide students with opportunities to experiment and pursue careers that match their academic and personal interests. Lucknow. Tina Dickson. There is no guarantee that an MBA internship will give students a full-time position. This is the first year that the Saltire Foundation has offered placements in Scotland as normally they are based abroad. this methodology is restricted to a tiny segment of business schools as the 54 || . first year MBA student at Haas School of Business at the University of California Berkeley. Both future and current students are advised to start thinking about which companies will best help to take their careers forward once they graduate. “I had an opportunity to participate in Visa’s annual forecasting process and to work closely with the business units. provide experiential learning opportunities for students in practical courses and projects. Often. “Internships have their advantages. and last year they had an annual turnover of US$34. which have received a very positive response from industry. senior associate dean at ISB explains. Trogler says she chose the internship placement for its ‘big-picture’ view of the company. The value of vocational experience for MBA students and recent graduates cannot be emphasized enough. chairman of placements at the Indian Institute of Management (IIM). There are a few business schools.8m. we have successfully facilitated live consulting engagements for our students. says: “I got a training and marketing internship with a Scottish company called Vets Now. but it will certainly enhance their chances Professor Dishan Kamdar. Her work includes building in-depth business cases for new projects and partnering with product strategists to quantify the financial impact of new product innovations. international exposure and diversity of the ISB class. others feel that a working environment that is more closely integrated to the MBA classroom is more suitable at business school.

In fact. But the two-year format affords experimentation through internship in a field outside your own and the better networking and learning that the summer affords. “An internship gives a low risk look at another field. these shorter programs do have considerable vocational value. University of Virginia.” says Bruner. Robert F Bruner. that due to time constraints. one-year programs.’’ Bruner points out. but also ‘buying’ [trying to determine the desirability of an employer]. but it will certainly enhance their chances. don’t usually offer the option to enroll on an MBA internship. but also for the student to gauge the suitability of the employer or industry. then the business school’s MBA career service should be the first port of call. mentoring relationships and so on.” says Professor Aithal.internship scene has changed dramatically compared to a decade ago. large corporations are increasingly using internships as a vetting device to determine final job offers. But two-year MBA programs aside. and many look to their own interns as the best potential candidates for full-time positions. If this is the case. If the internship is aligned to the student’s functional interest then the possibility of getting a job offer from companies in the industry also increases.” Gauging employer or industry desirability Professor Aithal makes the point that an MBA internship is not only for the employer to gain a grasp of an MBA’s ability. The summer internship helps you buy smarter: you can see what the employer is like from the inside rather than relying on someone else’s opinion. However. increase the likelihood of building professional networking contacts. have added module credits to them in order to ensure that these are taken seriously by students and that companies derive value through their interns. Also. a lot of students join shorter. a disadvantage offset by the speedier return to full-time employment. dean of business administration at the Darden School of Business. many employers consider internship experience in the hiring process. Students who are returning to the same industry in which they worked before business school will find the fast return attractive. develop strong teamwork skills. However. Many business schools that offer MBA internships as part of their two-year programs. helping them become viable and experienced job applicants when they seek employment after graduation. EDITORIAL || 55 . “One-year programs don’t usually offer internships. “Summer internships can themselves be converted into job offers for a good performer. “Let’s realize that every business student is not only ‘selling’ [trying to find work]. There is no guarantee that an MBA internship will give students a full-time position. To gain an offer for permanent employment at the end of your summer internship is to relieve uncertainty and give you a valuable benchmark against which to compare other offers that you may receive during the second year of your MBA program. if a student enrolled on a one-year program feels they might benefit from an MBA internship. internships provide the chance to develop industry-specific abilities. The majority of Darden students gain offers of permanent employment from their summer internships. For the majority of graduating MBAs. as the ability to return to the working environment sooner can be a huge plus-point for employers. then clearly they are free to apply for one once they have completed the program. says that internships are very valuable for someone who aims to change careers or industry focus after their MBA.

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” she says hmark mysel benc afterw my strengths “I was able to star. so many [em r very attractiv epreneurship has made he reason I had as a major e field of entr [the MBA] w dication to th “It tor. and she says. INSEAD. stry commen ce at s and financi and where.W urope. le courage othe el a one year she would en but an MBA.” evement in m gree as a gold ly understood to rapid achi her MBA de was that I real lks of meant . I fe It’s an instinct e lemonade.That’s row. “I learnt co Today. founder of Ariadne Capital. but wha And then th bution to the d negative as pose too muc d positive an my strengths unique contri sroom didn’t ay to their A clas hich ha I started to pl an in the MB peer group. now ys. themselves to em.A friendly face in business An MBA alumni profile Julie Myer.” reer and life. uch I liked th School in Fo Business sed by how m INSEAD was surpri in’. one that y career. e’s self at age d not gone to interesting ca to make in on to date if I ha have had an ould I have “I’m sure I w hieved what ldn’t have ac ain that I wou it is cert QS TOPMBA CAREER GUIDE EDITORIAL || 57 || 57 . co-f er’s achiev in addition Mey ace in the W eur Cou M. and that led n in spirit”. le investment INSEAD. w . talks about her MBA experience and how the qualification helped her establish one of the most successful consultancy firms in Europe M students took siness school at ays thought bu alw an open day id to say she she attended eyer’s not afra that was. arned how to at a top scho MBA confident. in E preneur ential Women Young Entre 30 Most Influ find Journal’s Top Street o help them enage girls “t ciation for te asso . indu r the busines ssion fo reneur to ore . rs to pursue age othe s at me I mak would encour ver life throw “I as whate 29 or so. ‘if this is her year in Fo Meyer. is a great rs to follow. f against my Being a wom ards. from entrep of her MBA sics of that ety of role eyer says ggling a vari rstand the ba stinct..” she ntainebleau. I became m s.” students and ol. ta ter INSEAD I could do and Europea ike. count me “I met many e of Ariadne business scho nchief executiv t. in the years af ess people al D as to what ican by birth after INSEA ho is “Amer d other busin s an tions Meyer. until o seriously – France. and dreamed tainebleau as e biography and thought her impressiv stepped back “I really ine Dragons’ apital. and a pl r of Entrepren ndon’s City A ader of Tomor is also founde mnist for Lo she bal Le kly colu ic Forum Glo K. harder ‘an oasis in he reveals. her pa .” M my in u unde s that I sees her ju ess unless yo and deepened value the skill ly run a busin rengths were.” lopment of an ent in women k to society le of investm oject: the deve Giving bac virtuous circ r personal pr Meyer. an present more ol.” picked up. her de tator to men al world.” rporate finan investor. but as adne C D.” BC’s Onl ne to INSEA unding of Ari dragon on B as Ernst and I had not go n with the fo rst Tuesday. “I though sa later and oks back on an ten years ent firm – lo m ve if More th -based invest an I would ha own London the future th Capital – her and further in r career’. a to her awards ements bega ounder of Fi all ntry. e for t it eate a ere is he world and cr h of a challeng pects. “As a result. and a wee orld Econom Den in the U of the Year. w e to employer ployment] op .. “I enormously you can’t real d what my st arne d believe that effectively.

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BRIC economies value the MBA
With experts forecasting BRIC countries to become the world’s leading powerhouses by 2050, prospective MBAs from the BRIC nations are confident that an MBA could bag them a huge increase on their salary. Ross Geraghty looks at whether such expectations are realistic
BA candidates from the fast-emerging BRIC economies: Brazil, Russia, India and China, are demonstrating a much greater confidence in the salary benefits of the MBA program, when compared to their counterparts in the developed world, finds an influential QS report. On face value, there seems good reason for this. Encompassing over 25% of the world’s landmass, 40% of its population, and a combined GDP of US$18.5tn, these four nations alone are predicted to become the world’s leading economies by 2050. The QS TopMBA.com Applicant Survey 2011 shows that Indians in particular expect a 245% salary uplift (the comparison between current earnings and expected MBA salary three months after graduation).

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Compare this with recessionary developed economies: Japanese candidates expect a mere 83% salary uplift, US a 106% increase, and even the usually buoyant German MBA candidates, a 126% rise.

But are these expectations realistic or are students from emerging nations going to be disappointed if they expect more than triple their salaries with an MBA degree? Jenni Denniston, manager of MBA admissions and recruitment at the Richard Ivey School of Business, points out: “Regardless of where a person is from, MBA candidates need to realize that the degree isn’t their ticket to a high paying role. A transferrable skill set, hard work in school and recruiting, and demonstrated ability to succeed in the desired role are what count.” Clearly, with an increasing proportion of Graduate Management Admission Test (GMAT) applications coming from these four countries, there is a great will to succeed in business. With international recruiters pouring massive investment into emerging countries and local business flourishing, recruiters in BRIC nations have begun to pay careful attention to MBA graduates, realizing the benefits of having a well-trained and experienced set of managers for their businesses. The effect on students returning to their home countries after taking an MBA in North America or Europe has been profound. While some years ago the majority of MBA candidates wanted to stay and work long-term in their home countries,

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QS TOPMBA CAREER GUIDE

this figure is changing rapidly as MBAs, both for push and pull factors, are returning home to manage investments in their home countries. Value of an MBA to businesses The push factors here include the decision, principally by the governments of the US and UK, to make it complicated for overseas MBAs to remain in the country after graduating, forcing a brain-drain back to their home countries. Dr Barbara Allan, deputy director of

International companies in BRIC economies value the local knowledge a local MBA graduate can bring
Hull University Business School in the UK, agrees that there is a problem: “There is a preference and desire among the majority [of overseas MBAs] to stay in the host MBA nation for economic reasons but there are significant visa restriction issues making this much more difficult in the UK.” Denniston at Richard Ivey, agrees: “Things are different for Canadian schools because we see many international students looking to immigrate to Canada, so the majority do stay here post-MBA. But their long-term plan is often to return to their home country after getting international experience and citizenship, and [Canadian] policies are much different than the US and UK on this.” Naturally, this will have an impact on surveys such as the QS TopMBA.com Applicant Survey – if low-paid candidates from emerging nations stay on in highly paid roles in the developed world, the results will naturally be skewed that way. Part of the uplift can be explained by competition.

International companies in BRIC economies value the local knowledge a local MBA graduate can bring. Meanwhile, local companies value the international experience and business skills that an MBA will have picked up. Mary Granger is associate director of admissions and career services at ESADE Business School in Barcelona, Spain, and an expert on MBA recruitment in the Asia region. She says: “In the past, the need for qualified talent might have been met by expats [in BRIC economies] because locals didn’t have the experience and global perspective. However, having the local knowledge combined with the global MBA makes them even more competitive and valuable than the expats, hence they can command the higher salaries.” High MBA demand For Nick Barniville, director of MBA programs at ESMT European School of Management and Technology in Berlin, the BRIC candidates’ salary expectations are often realistic, but are dependent on the MBA alumni remaining in Germany, the nation that still has the highest MBA salaries according to the QS survey. He explains: “A salary uplift of 180% is probably quite realistic if the candidate is bringing skills that are required by MBA hirers in Germany, such as strong consulting skills, together with at least a willingness and proven aptitude to work across cultures.” For Barniville, it is even possible to distinguish between the BRIC nations as Chinese and Russian MBAs face a different set of issues and may benefit even more, in salary terms, by returning home. “For Russia and China, I believe salaries are quite competitive post-MBA, but the process of getting in to companies seems to be predominantly network driven. Those who have an excellent local network are likely to benefit most from their MBA if they take it back home.” Perhaps the expectations are not entirely

report, opportunities for MBA job seekers during the period of the survey increased by 36%, in stark contrast to 2009, when job opportunities declined by 5% globally. Some of the largest increases in MBA job opportunities were seen in almost all BRIC countries, with Indian job openings increasing by 20%, China 18%, and Brazil by 25%. For Granger, salary increases are an economic equation due to the huge competi-

tion for talented business leaders in emerging nations: “Since the price of the MBA is still very high, given their pre-MBA salaries, the number of BRIC-nationality MBAs can’t keep up with the demand. Companies are competing for top talent, and the way to compete is with high salaries.” With the predicted shift in global economies, and the current stagnation of the economies of the west, it is possible to see the world of MBA education shifting too. Although it is not happening yet in significant numbers, perhaps the next decade may see more western MBAs flocking to the markets of the east for their courses, education and careers.

EDITORIAL

unrealistic, as supported by further QS research, the TopMBA.com Jobs and Salary Trends Report 2011/12. According to this

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Curtin Business School in Australia. the latest TopMBA. A Henley Business School in the UK. the distance learning option is growing in popularity among middle and senior managers. greater public acceptance of a mode of study that was once met with great skepticism. Edinburgh Business School in the UK and IE Business School in Spain. 62 || . these particular candidates are also faced with a very difficult set of pros and cons. but are they a viable alternative to traditional study modes? Asks Kin Ly growing number of prospective MBA students are interested in taking a distance learning MBA program. are among some of the top-ranked distance learning MBA programs in the world.Sizing up the pros and cons of distance learning MBAs Technological advances have stimulated a boom in distance learning MBA programs. The number of well-established institutions offering these programs has led to QS TOPMBA CAREER GUIDE The experience working remotely also helps prepare students for their future careers In 2011.com Applicant Survey has found. 10% of respondents to QS’ survey favored the distance learning option – a 7% rise in just two years when only 3% were interested in the remote study mode. Evolution in telecommunication and the emergence of WiFi technologies has seen a growth in well-established business schools offering distance learning MBA programs. While full-time MBA programs remain the preferred choice of study. And while students now have greater choice over which school to take their distance learning MBA.

Potential isolation and disengagement “One of the major disadvantages is the lack of face-to-face interaction with students and their unit instructors. Choosing the level of distance Weighing up the pros and cons of distance learning is just one step in identifying whether this option is the right one.” says Kitchin.” says Alick Kitchin. director of MBA programs at Curtin University. We also had three very young children.” she says. which are essential in today’s business world.” Traveling with a distance learning MBA That is one of the reasons why Lara Moltoni. head of program administration and director of Henley Business School’s ‘flexible MBA’ points out. as one would expect in a global business environment. Some schools offer a ‘face-to-face intensive’ option. Mike Keighley.” Moltoni explains. the benefits of flexibility are more significant than allowing the freedom to juggle work commitments with the demands of MBA study. Many students are attracted to the distance learning option because it allows them to travel and relocate without jeopardizing their ability to obtain an MBA qualification. The most obvious benefit is the flexibility a remote modular program provides. Kitchin says a high percentage of students enrolled on the Edinburgh distance learning MBA move around the world. led by a tutor.” he warns.” says Professor Kelvin Willoughby. “I was married to a mechanical engineer who frequently moved interstate and overseas. I was able to access lectures and speak to lecturers when it worked for me. but this is replaced by a global network of students. Succeeding in a distance learning program also demonstrates self- motivation and excellent time management skills. We have students who already studied for an MBA but felt it necessary to have another go with us. The enhanced opportunity to develop an international network of contacts could place distance learning students in a favorable position to find work at multinational organizations. There are options for regular face-to-face meetings that are as frequent as once every week. are not so prevalent on a distance learning program. Feeling isolated from peers and being disengaged from the school’s academic resources is another downfall of remote study. Global business environment enhanced “Some of the ‘spin off ’ benefits of a traditional campus MBA. It was great to be able to study when I wanted to.” says Dr Marcel Cohen. Learning while working also enables the students to put the skills and knowledge they learn directly and immediately into their ‘day jobs’ EDITORIAL || 63 . Choosing the right business school to undertake a distance learning program can be tricky because “not all distance MBAs are the same. distance learning MBA course director at Imperial College Business School. “In the end I completed seven units online. The family was later required to relocate to Vancouver for two years. “Learning while working also enables the students to put the skills and knowledge they learn directly and immediately into their ‘day jobs’. an MBA graduate from Curtin Business School was attracted to the distance learning option. “Investigate the quality of the institution you intend to study with and take soundings from current students on the program you are looking to join.” says Keighley “You will need to feel relaxed and confident about the space you will be studying in. where students work online for the majority of the semester.” he adds. where students are required to attend in-classroom lectures and discussions in intervals of four-weeks to three-months. and are then required on campus for one week of intensive in-classroom study. The amount of ‘distance’ employed in a remote modular MBA program varies from school to school. “Choose a reputable one. be that a physical location or a virtual environment.” says Willoughby. Others offer a ‘blended’ mix of online study and in-classroom lectures. I didn’t want to have to defer my study if we were moved with my husband’s work.” she says. I treated it very much like a job and worked about six hours a day.” he adds. However. but this did not affect Moltoni’s studies. business director at Edinburgh Business School. such as a strong cohort identity and network. a major advantage is the ease in forming a global network of contacts. “Subtle human interactions such as body language and some of the spontaneity that comes with a group discussion can be lost when people are not seated in the same room. “The experience working remotely also helps prepare students for their future careers if they eventually choose to take up positions in multinational companies. affording these particular students the time to work and study. “I wanted as much flexibility as possible. However.

T la formation rouvez qui vous va bien ! .

MBA/MSc Admission to b-school Personal and professional goals Choice of b-schools and programs IB-school interview TOEFL Application package GMAT .

released mid-2011. entrepreneurship has climbed in recent years. Richard Burns explores the reasons why BA programs that contain elements focused on entrepreneurship are in demand by MBA applicants. This year. but business schools for a time seemed to be content at being good at providing management education… but increasingly they seem to be thinking that their role in society is to make the world a better place. Séan Rickard. “I think there has been a shift in the way business schools see their role in society. My view is that because of this we increasingly see graduates 66 || . Conversely. 30% of the 476 respondents noted it as one of their five most important MBA program content areas. director of the full-time MBA program at Cranfield School of Management from 2006-2011. not only the students and the faculty but also the school and the way it positions itself worldwide.” Rickard says. and industry research.Rise of the MBA entrepreneur A growing number of MBA applicants are expressing an interest in pursuing courses with an emphasis on entrepreneurship.527 respondents noted the nurturing of entrepreneurship as important to them on an MBA program. “Different people will argue different things about this. Tomorrow’s MBA found that. according to business school faculty.com Applicant Survey. and partly as a result of the significant economic events over the past few years. 34% of the survey’s 4. strategic management and managing people or organizations top MBA applicants’ most wanted list. Carrington Crisp’s recent survey of MBA applicants. explains why he thinks that entrepreneurship on MBA M QS TOPMBA CAREER GUIDE Increasingly schools seem to be thinking that their role in society is to make the world a better place programs has become more popular and commonplace. “I think that change in mindset is already being reflected in. which surveys almost ten times the amount of MBA applicants. Not surprising therefore that entrepreneurship has a higher profile in business schools.” says Dan LeClair. while fewer are interested in finance. independent experts. while traditionally popular MBA specializations in leadership. less important to MBA applicants are financial electives. AACSB’s senior vice president and chief knowledge officer. “Governments have come to the view – rightly or wrongly – that their influence on their economies is greatly weakened in a globalizing world and now put great emphasis on business start ups and entrepreneurship to generate jobs and growth. This follows findings of the QS TopMBA.

Visit: www. As most business schools offer numerous finance focussed options. Expressing his hopes that applicants are beginning to agree with his belief that specializing on an MBA is an oxymoron. Visit: www. Rickard admits: “I suspect it has more to do with the fact that after the financial crash [at the end of the last decade] the finance sector was offering fewer career opportunities to MBA students and this is likely to be the case for some time as banks and other institutions come under greater regulatory control. while the graduates themselves find greater security in testing their entrepreneurial ideas with the financial backing of their employers. As a result. Many students are looking to further their place in the industry and have specific goals. develop fresh sources of revenue. with a gloomy economic outlook for much of the world. and only recently have specialist programs dedicated to the finance profession developed. employers value the talents of graduates who can. finance has taken a hit in popularity among applicants in recent years. “As large firms come to recognize that pursuing innovation and entrepreneurialcentric strategies pays off in terms of better performance something that research has shown repeatedly . MBA applicants have chosen to pursue careers involving entrepreneurship as a more realistic option.TopMBA. “This has meant that students have looked at other sectors and have chosen electives such as entrepreneurship or project management which may fit their career aspirations better than maybe corporate finance. standing fourth in the list of most popular MBA specializations. View the top 50 business schools that employers value for producing MBA graduates skilled in finance. But it’s not purely the financial services sector that employ MBA graduates and alumni who are well-versed in all that is finance.” Nigel Bannister. but as the global economy evolves this need is growing more than ever. it’s not just businesses that are placing their faith in MBA entrepreneurs. it should always be made clear that the MBA qualification has traditionally been seen as a general management degree. MBA employers are increasingly placing an emphasis on the entrepreneurial talents of their new hires. prospective students need to look carefully when trying to differentiate between programs. View the top 50 business schools that employers value for producing MBA graduates skilled in entrepreneurship.com/G200-entrepreneurship EDITORIAL || 67 .” However. However.” MBA finance still popular It is also evident from the QS survey that finance elements are gradually becoming less important to MBA applicants.those firms are seeing more value in MBAs that have knowledge of. and experience with entrepreneurship topics. as business schools continue to react to the ongoing financial events around the world. MBA graduates and alumni with entrepreneurial experience are very much sought after throughout the world. chief global officer at Manchester Business School says that as a result of reportedly fewer jobs available in finance industries. large employers were once reluctant to hire MBAs with significant entrepreneurship coursework for fear that the new hire was only passing time before starting his or her own business. following the global financial crisis. Organizations outside of the sector have always required leaders with an in-depth financial knowhow. “Interestingly. employers continue to value the modern approach of MBA graduates to finance.com/G200-finance Economic Salvation: Entrepreneurship on MBA programs A W hile seemingly paradoxical. assistant professor of entrepreneurship at the Richard Ivey School of Business. Though traditionally an area where a business school graduate might aim to start up their own enterprise. strategy (50%). as governments begin to place greater faith in new industry in order to provide jobs and economic growth.interested in social entrepreneurship. altering their programs to incorporate the lessons that need to be learnt from such economically game-changing events.” he says. with 4% less respondents to the survey noting the MBA specialization as important to them. Despite many MBA programs reporting an increase in diversity of working backgrounds in their class. and international management (47%) precede it in terms of popularity among applicants. General management (which 52% of respondents value). When looking into specialist areas taught on MBA programs. However. in tough economic times. with 38% of respondents still naming it as important to their future MBA degree. the financial services industry still provides the largest amount of candidates to pursue the qualification across the world.TopMBA. so look to an MBA to help them achieve career progression.” Evolving economics: Finance on MBA programs long-standing favorite specialist area for many MBA graduates. “There have been fewer opportunities for MBA graduates to move into the financial services sector. even with a drop in popularity it is still important.” explains Dr Brian S Anderson.

types of questions. To counter that. to prepare for the exam. and then develop a strategy that addresses your weak spots . The computer adaptive system selects a specific number of questions from each category. the GMAT is 100% under the applicant’s control. give it your best guess and move on. you will be able to reach your target GMAT score. directions.” Mitchell advises. Many candidates make the mistake of thinking that an easier question is an indication that they had answered the previous question incorrectly. an online GMAT resource. All these elements are important in helping you understand the logic behind the GMAT. and then develop a strategy that addresses your weak spots.MBA success the MBA application process and beyond Experts in management education and business schools around the world give Kin Ly their advice on how to file a successful MBA application W QS TOPMBA CAREER GUIDE ith essays. The penalty is severe if you don’t finish the test. Some MBA applicants will have very demanding jobs and be very engaged in their career – one of reasons why they make a good candidate for business school. and more on the weekend. “The reality is that every question counts. scoring. “Some applicants fail to dedicate time to their application and think that their work experience will speak for itself. MBA applications can be overwhelming for some. Trying to estimate the difficulty level of the test questions could be to the detriment of securing a good score. However this is not necessarily true. such as the internationally accepted Graduate Management Admission Test (GMAT). a good move would be to do your research on what it’ll take to make your application competitive. some candidates make the mistake of investing too much time on the first ten questions.” The next step is to take a practice test. time limits. but by following the right study plan. In fact. 68 || Carefully examine your results to understand your strengths and weaknesses. Every question counts However when it comes to sitting the GMAT. is an important first move in staying ahead of the competition. personal statements and admission test scores to deliver. Dana Jinaru moderator at Beat the GMAT.” says Andrew Mitchell director of pre-business programs at Kaplan Test Prep. “You cannot change the quality of your work experience or your college GPA. with the view that the computer adaptive testing algorithm uses these initial ten to estimate their ability.” Jinaru advises setting aside one-and-ahalf to two hours a day. Completing the test is one key to a better score.” says GMAC’s director of marketing. “It’s very important to pace yourself. If you are stumped by a question. “The top one mistake is failing to size up the competition. That isn’t necessarily true. But knowing how to avoid the most common pitfalls during the application process could put applicants ahead of the game. etc.” she adds. But failing to free up a substantial amount of time to prepare an MBA application could be damaging. “Familiarize yourself with the basics of the test: structure. “Carefully examine your results to understand your strengths and weaknesses. Conquer the GMAT with preparation Preparing for business school admission tests. says that unlike other elements of the MBA application.” she advises. it can hurt your ability to finish the test. Jane Delbene.

Many MBA candidates leave their workplace in the hope that the degree will provide them with a career change. plans and dreams. This is especially the case for those opting to take a part-time MBA because they want to continue working.” she stresses. but they can also offer valuable help during your MBA study. Keep communication channels open It’s not just your employer you need to communicate with – it’s also important to keep your colleagues and peers in the loop too. If you have an understanding employer who supports your ambition to pursue a part-time MBA. MBA support from the workplace For those taking a part-time MBA in order to continue working.” he adds. The more you interview. associate dean for the HEC Paris MBA program. and as Professor Dainty warns.” explains Professor Paul Dainty. “We understand. EDITORIAL || 69 . but other times an agreement needs to be reached in order for them to give you the support you need. “However. you can’t necessarily expect your colleagues to understand what you’re going through. the most important things are ensuring they understand the learning process. Really get into a mock interview experience. Ann Graham speaks to a number of business schools on how best to win your employer’s support E mployers play a key role in supporting your MBA application in the form of a recommendation letter. it’s important to gain the support of your employer. the better you become. if they find themselves in a position where their employer holds their job open for them upon graduation. The perfect interview Impressing the business school admissions officer with a refined and compelling pitch during an interview will bring candidates a step closer to bagging a place at their desired business school.“Let’s say the test calls for your next question to be a relatively hard problem-solving question involving arithmetic operations. head of career services at ESMT European School of Management and Technology in Germany. especially when part-timers have to leave work earlier. Business schools are also on hand to provide valuable advice. perhaps better than anyone. Highlighting newly acquired skills and knowledge. “Speaking about yourself is a lot different from writing. so it’s probably a good idea to practice this out loud. associate dean for student recruitment and admissions at the University of Chicago Booth School of Business. will demonstrate the value of an MBA. However. “Major employers can offer time off and possible financial support. It’s all about negotiation and communication. The MBA employee needs to try and help colleagues see that their study is also of benefit to the company. “What is really helpful for candidates is to sit down with friends or colleagues and discuss their path. If arithmetic-based questions of this difficulty have all been administered. keeping these communication channels open is incredibly important. and this may require a lot of practice. “Sometimes an employer is simply very generous. what sacrifices are involved and can use this knowledge to help students to get the most out of the MBA experience. deputy academic dean and associate dean of teaching and learning at Melbourne Business School in Australia. Don’t waste valuable time during the test trying to figure it out. and making them relevant to the workplace.” he says.” says Bernard Garrette.” he adds. that they avoid giving their MBA employees huge demanding workloads around assignment and exam times. and that they give them space and time to do things like syndicate work. it’s important to organize regular catch-ups in order to share their MBA learning. then you might be given an easier item.” says Marcel Kalis. “It takes special skill to correctly estimate the difficulty level of test questions – most people get it wrong.” says Rose Martinelli. “Resentment is an issue.” Delbene explains.

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Accessing worldwide industry leading positions With a search engine full of contacts to some of the world’s most influential business moguls. S QS TOPMBA CAREER GUIDE etting graduates on the right path to their ideal job is at the top of the to-do list of many business school alumni networks. managing director and global head of corporate real estate and services at Deutsche Bank. most of whom are very active in helping students and other alumni find jobs. Brazil. Russia. China. Singapore. “Fuqua’s alumni numbers more than 72 || . Return to recruit It is worth sending a CV and covering letter to your school’s alumni services. Many of the top schools boast an alumni network of thousands of business leaders worldwide who are at the helm of some of the largest corporations ranked by Forbes 500. With businesses globalizing.” he says. in the US. “Tuck has 9. 4. Kin Ly speaks to some of the top business schools in the world and highlights 10 ways in which alumni networks can improve an MBA’s career prospects 1.000 graduates and the number increases by around 800 each year. Japan. 2. the UK. ‘Inside’ introductions Networking through your school’s alumni services should be made a priority in any MBA job search. associate dean of the career 16.” says Sheryle Dirks. In some instances it could open up opportunities where graduates are introduced to some of the biggest names in business. “In terms of job seeking. Mexico. Passing on their secret to success is a culture shared by business school alumni and is a definite benefit that MBA graduates and students should take full advantage of.” says Dean John Quelch at China Europe International Business School (CEIBS). active involvement with your alumni network could open the doors to new and exciting opportunities. many successful alumni return to their graduating business school to find their next appointee.” says Andy Steele. our alumni network is invaluable in China. and literally dozens and dozens of other countries. executive director of development and alumni services at Tuck School of Business at Dartmouth. Well aware of the strengths in the school’s curriculum and faculty. and helping others is certainly one of those ways. “Students are indoctrinated with the idea of giving back to the school in many ways. “Graduates are working in industry leadership positions Networking through your school’s alumni services should be made a priority in any MBA job search 3. Giving back to the school around the world: the US. in the US. Korea. Our database is well used by both groups for networking purposes. found Tuck’s alumni network very useful. He graduated from the US-based business school 24 years ago and management center at Duke University’s Fuqua School of Business.Ten ways to get a job through your alumni network The benefits of a business school’s alumni network are vast.” she adds. Germany. Switzerland.000 Duke alumni who are part of the university community.000 alumni. China’s ‘guanxi’ [connections] based business culture makes ‘inside’ introductions an extremely effective means of networking and finding business partners or a new job. India. Rick Bertasi. There are another 140.

as well as by field. 5. where business schools organize recruitment events or have in-house recruitment services.” says Dirks. Fuqua alumni have a life-long relationship with the school as well as with each other.” she adds. Dipping into these services could aid in obtaining vital business contacts. CEIBS has developed a mentorship program that is delivered by experienced MBA alumni and executive MBA graduates and students. the school’s director of alumni and careers. “IE has a net of 40. 10. “The Duke MBA career management center has a variety of flexible recruiting options ranging from resume books to on-campus interviews that can help alumni identify graduates who can help their firms address today’s most significant global business issues. two of whom were appointed to Deutsche Bank. Business schools have taken this by storm with some adapting the ubiquitous social networking website to develop their own online alumni social network. and specific industry advisory groups in areas like health. Internships As with the potential of finding the ideal job.” says Dirks. “Alumni conduct mock interviews with students to get them prepared for a real job interview. The aim is to mentor current MBA students on how best to achieve their career goals. Sharing best practice through social media Technological advances have stimulated a boom in online social networking websites which have evolved the way we network. “Besides.over a 10-year period. “Some of our alumni offer internship opportunities for students as well as long-term job placement for graduates. Many play a key role in some of the career services offered by schools such as alumni councils. “I have used the alumni network extensively to find talented people. as well as lending their time and counsel to current students seeking wisdom and advice. 9. The network helps in the direct recruiting of students.” recommendations and refer students to the network necessary for their career development. 7. Fuqua School of Business is one of many business schools to do this with the development of DukeConnect. For example. employer information. says Sherring NG.000 alumni spread all around the globe. “It gives alumni the opportunity to share their insights with current students on career goals. Duke’s Fuqua School of Business has established an MBA career management center that works directly with organizations to help them recruit. I also contact the alumni that I’ve kept in touch with as a resource for recommended candidates who have the skill-set and background that I’m looking for. especially as many are in key recruitment positions. serving in volunteer and advisory roles on Fuqua’s most significant initiatives. IE Business School in Spain has developed what it refers to as a ‘structured’ networking service to encourage contact-building. head of marketing and admissions of MBA programs at HKUST Business School in Hong Kong. is a further benefit of a business school’s alumni network. Mentoring future business leaders of tomorrow One of the key focuses of a business school alumni network is helping to develop the careers of their graduates. Many do this through mentorship programs. the activities of alumni are structured in more than 200 different clubs and chapters which gather alumni geographically. there is also the possibility of finding internships through your alumni network.” says Dirks at Fuqua. and social entrepreneurship.” says Margarita Alonso. 6. They also share industry knowledge with current students in alumni gatherings and seminars. regional information or resume critiques. On-campus recruitment On-campus recruitment. Hands-on job application help The support of alumni networks extend further than putting you in contact with the right people. There are useful CV and covering letter workshops to help ensure that your application catches the attention of recruitment managers. and affinities. interview coaching.” says NG. industry interest. Life-long relationships Business schools have a strong ethos of maintaining life-long relationships with their alumni. In order to keep the network connected. EDITORIAL || 73 . advisory boards. networking. has employed 12 Tuck graduates. “Our alumni are actively engaged with Fuqua. alumni can always give good 8. the university’s online career networking and mentoring tool. doing so through a number of working groups.

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The trend is reflective of findings from the latest TopMBA. After 11 years in environmental engineering. She now works for the global management consulting firm McKinsey and Company.” she says.More MBA applicants look to change careers Across the globe. while technology is third. there has been a year-onyear rise in those wanting to take an MBA to equip them for a change in career.” An MBA qualification has helped many redirect their careers and move into a new sector. Consulting. Secondly.500 prospective MBA students. 44% of prospective students said this was their main reason for taking an MBA – the highest percentage of career changers since 2006. Just over two-fifths (41%) of women want to take an MBA to help them change careers – 6% more than their male peers. the school’s academic programs B director says: “The vast majority of full-time MBAs at Melbourne Business School are interested in switching careers – much more so than their part-time peers. Nita Swinsick. Past figures show that this is a growing trend. more women than men say their main reason for taking an MBA is to move into a new industry. business schools are admitting a higher number of career changers – is the MBA the golden ticket to a new career? Asks Kin Ly usiness schools around the world have been enrolling higher numbers of students who are specifically taking an MBA to help them change careers. “I felt that consulting would be a great 76 || QS TOPMBA CAREER GUIDE An MBA will give students an opportunity out of the workforce to really reflect on what they’d like to do next . Finance follows in second place with 30% wanting to switch to this particular industry. Jane Prior. For three years in a row. Julie Strong. Rise in career changers to business school Consulting. In 2011. an MBA will give students an opportunity out of the workforce to really reflect on what they’d like to do next. about 80% of all our students are changing careers which has been very typical for many years. IE Business School’s associate director of admissions says one of the reasons an MBA can bring about a change in career is “because it enables students to gain a global perspective on business. women are more likely than men to take an MBA to help them change careers. Wendy Rudder decided to take an MBA at Saïd Business School in the UK in order to move into consulting. A total of 39% say they want to leave their current sector to pursue a career in consulting. Female career changers more common Overall.com Applicant Survey of over 4. according to QS’ report. It found that since 2006. the survey of MBA applicants found. says the survey’s findings are reflective of its students’ aspirations: “Overall. career changers are able to profit from their school’s network. finance and technology are all prominent areas.” she says. and finally.” The trend is also witnessed by Melbourne Business School in Australia. “First students learn about the different areas of business through real-life cases and the experiences of their peers. finance and technology are the most popular industries among career changers. senior associate director at MIT: Sloan School of Management in the US. We tend to find that consulting and finance are attractive options for both women and men. attracting 21% of MBA applicants looking to enter the sector after graduation. “I chose to move into management consulting because it would put me in a position to make key decisions and take on a leadership role.

I honed in on education – specifically maths. Sankara established a research and development center in India and worked on creating an online digital maths curriculum.” The next step is to network: “Get in touch with people that you know have experience in your desired area but you should also complement this with other types of networking. by attending talks or conferences and using social media websites such as LinkedIn to connect with the right people. But regular classroom discussions. for example. Sankaran went on to work in finance.” Before taking the plunge into a new career. With a clear objective now in mind.opportunity to be a part of a leading organizations and learn how the most successful ones were building businesses that address social and environmental issues but made money too. She says the aim was for it to become the ‘Google for maths. “After 11 years at Citigroup. and to this end it’s very important to attend informational interviews and to speak to people you know who work in the type of role you’d like to do. she says: “The MBA gave me all-round exposure to the different facets to running a business. Following graduation.’ Looking back at her MBA studies.” she says. After a decade. she made the bold move to leave finance and start her own business.” From MBA to entrepreneur For Nirmala Sankaran.” she explains. India. and strategy development. global problem. an MBA qualification provided her with the skills and confidence to start her own business. Rudder said she needed to understand the workings of the business world – decision making.” The MBA gave me all-round exposure to the different facets to running a business EDITORIAL || 77 . I was itching to create something that would make a difference. She felt that “an MBA would be the best step toward the career I wanted. I did not have any work experience before business school. I found that there was a fundamental and acute shortage of good maths teachers globally. “It had to be a large. Swinsick advises attending a number of informational interviews: “If you’re looking to change careers first you need to be sure that the change you want to make is the right next step for you. an MBA alumni from the Indian Institute of Management in Bangalore.” In order to achieve her aim. After three months of intense research. and the solution had to take advantage of the internet. case studies and interaction with professors and students provided a fantastic foundation. group projects. She is now the cofounder and managing director of HeyMath! an online maths curriculum.

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EDITORIAL || 77 .

Shorter. Changing with the times Despite initial concerns. The development of part-time or modular executive study formats have also allowed schools to appeal to those keen to continue working while improving their long-term prospects during a time of uncertainty. But prestige and reputation are not the only factors that ensure North American business schools consistently rate among the best in the world. Schools have also been keen to take advantage of changing social trends. teaching method and class size. Add to this advances in technology and communication. or reduce competition for admission to top MBA programs in the region. Reflective of today’s business world. but also the exposure to the US job market. locality is becoming less of a factor in post-MBA hiring across North America. participation in case study competitions and international class residencies. regardless of their study location. Further. a climate and environment that they might not have otherwise. US-based business education expert Aled Owens explores the ever-popular aspiration of pursuing an MBA in North America US students ‘on the MBA employer radar’ With a wealth of high-quality programs in the region. All this safe in the knowledge that they are still on the radar of MBA employers. program duration. This is a perspective shared by international MBA employers. It is not only the quality and reputation of North American business schools. more intense 12. and increasing the number of ways that students can access their programs. and choosing a suitable program can be tough. Students often find their MBA classroom to be the most diverse working environment experience that they have encountered. Students are able to attend schools across the region. More elective options. continue to increase the number of business schools they recognize for producing quality MBA graduates. greater number of specializations. Where it has had a significant effect. It is also their ability to change with the times. and increasingly flexible study methods are just a few ways that North American schools continue to entice top students back into the classroom. offering more variety and diversity in their 80 || .to 18-month programs have seen increased popularity in both the US and Canada. Business schools constantly adapt.to 18-month programs have seen increased popularity in both the US and Canada offer MBA programs to their students in order to continue to develop relevant future business leaders. is in forcing business schools in North America to re-asses and improve how they curriculum.North America the all encompassing MBA experience As the home of the MBA. There has been an increase in courses and customization options for specializations in emerging areas such as non-profit management. more intense 12. North America can often be a very appealing MBA study destination among prospective students. the global economic situation of recent years has done little to stifle overall demand. QS TOPMBA CAREER GUIDE Shorter. as well as to give more flexibility to students. plus an increased focus from employers on finding the right-fit MBA graduate employees. experiencing for a short time. who according to recent QS research. which makes the experience of studying in the US an attractive trait to employers abroad. Diverse MBA classrooms and team interaction Schools have also strived to offer the most relevant and challenging classroom experience. prospective students are spoilt for choice on location. there is a heavy focus on team interaction and peer learning.

o . with finance in particular declining in popularity over the past two years as a chosen specialization. Adapting to market hiring conditions ns These changes have helped students themselves alter their approach and positioning in the job market.com/applicantsurvey-11) QS TopMBA. or turning to t. a la of investo confidence ility lack f investor confidence or nc and ongoing MBA hiring freezes. globalize logistics and d tali commudigitalize communication. this e. this has meant exploring technology and e d ecommerce organizations. After e during er enduring three years of b bleak reports on post-gradp -g duation job prospects. of which the author is heavily involved in collating. .com Applicant Survey 2011. A further result of this development has been the continued increase in the number of MBA graduates turning to roles in consulting. there evidence tha many of th that these changes ar ch ng are ges beginning to show suc to ho success. They suggest that business schools’ reactions to changes in hiring demand has in fact helped MBA students endure turbulent economic times. o urning . Many assumptions ca be drawn on t e can n the effects that these developments have had on lopment d n students who have passed through business assed hrou ess schools over th past tw years. These numbers are good news for current students.com/ o 2011/2 global-200-12) g bal-20 al) EDITORIAL || 81 . Many who started their MBA with specific career goals hav ls have adapted to market hiring conditions. students have been t een buoyed more recently. as MBA employers in ers s the US and Canada report a 24% increase in the number of jobs on offer in 2011. the is oing MBA g reez s.corporate social responsibility and energy sustainability.com/jobs-salaryreport-11-12) QS Global 200 Business School b Report 20 port 2011/2012 (TopMBA. or to supply chain roles wi hin organizas within tions looking to modernize pr rni e processes. This has been encouraged through schools increasing the opportunity to gain consulting experience as part of their MBA. However. (TopMBA. Many of the conclusions drawn from this report are based on QS primary research. recent graduates and those considering applying to schools in North America over the next 12 months. particularly in non-traditional industries. To some. However. including short and long-term international residencies. including: QS TopMBA. or found new business opportunities in thei their eir own passions and interests. despite ongoing macro conc rns of curren concerns f currengoi m cy instability. which ar looking h are looking to attract the brightest talent. compared to the previous year. (TopMBA. To others. many of which include consulting engagements. r the st two years H t wo y ars. entrepreneurship hubs nt ren rship ub and venture funds have allowed them to ave low explore business start-ups w the support t u with pp rt of expert faculty and in astr infrastructure within di ith n the school. the emergence of these interests has been at the expense of more traditional areas. opportunities within healthcare indu tries hcar industries which are looking to restructure in order to ruc ure meet the demands of an ageing p age ng population.com Jobs and Salary Trends Report 2011/2012.

ree. is most relevant to their situation. North America attracts a wealth of international and domestic students. manufactu Promoting an international study experience S chools in the US have continued to promote their programs to international students. with sometimes too little research going into opportunities at other US schools outside of a select group. I was Through it trepreneurs such as en r’s view areas my eng inee it was to broaden able . if any. post-graduation. fully aware of the importance of providing an international study environment that is reflective of the business world. However utive view per ience to an exec ex e academic o years not only th me. I was efore my M contractor wer plant ing at a po knew that d. often explained by a lack of research and poor choice of schools to apply to.North America international and domestic experiences As one of the most prestigious MBA study destinations in the world. to busines onomy. the number of international students not getting into business school in the US is also extremely high. As a leadin MBA in th ursue my Mason chose to p the accepted at and I was e College siness at th . faculty and MBA deg rning my After ea ome in ack h position b anager I secured a assistant m an Thailand as oration. Unfortunately. I g world ec e US. graduate 2011 MBA atyanon. Applicants will often place high emphasis on inaccurate assumptions. Although many international MBA students try to remain in the US. International applicants place more focus on rankings than their domestic US counterparts. this means that many world class study opportunities are overlooked. ith culture se students filled me w from diver iendships and fr staff. a rp rothers Co net in Siam B g rope and ned fishin family-ow rer. This has meant that anywhere between 20% and 50% of an MBA class often comes from outside of the US. 82 || . and so the futu s school. However. some of the most successful international students of recent years have been those who’s MBAs fit into their plan to return home. ool of Bu Sch in Virg inia and Mar y rams in f William o prog s specialist hip. I in Thailan e company wouldn’t b nce alone exper ie siness in this mily bu run my fa to apply enough to I decided re. The tw so benefited that on MBA al at the Mas iences at I spent th exper . ar y Mason Chun Saw iam and M lege of Will at the Col s of Busines School Visa restraints One of the ongoing difficulties facing international students is securing a postgraduation work visa to remain in the US. US-based business education expert Aled Owens takes a closer look at the international and domestic study experiences : in the US Studying tional student a the inter n B QS TOPMBA CAREER GUIDE workBA. They often have little understanding of how each ranking is calculated and less awareness of which.

employers have held a decreasing reliance on locality and put more emphasis on finding the right-fit candidate for a role. Many part-time MBA options can also be studied from afar. Althoug asis on co because o offers a variety of top MBA proh the vast it would ntinuous f the cali majority not be a innovatio bre of its of one-y wise cho grams to choose from. and its ear MBA ice becau s to wide team-base prog rams se the reg n. This has made the idea of studying in certain parts of North America Domest ic a ‘perfec student: t-fit’ MB A rig inally from Bal timore. in some cases this has accelerated the time it takes to complete a part-time program. high living standards ver recent years.to five-year period following the completion of their undergraduate degree. G eorg ia. particularly after initially settling somewhere for a four. W es of an o international students are looking to le Exchan ch as the e worked rder I decided ge (NYM commod with a m to take m EX). I lo at prog ra oked ms across the coun reputable tr y most for their master’s in agement maninformat ion system depar tme s (MIS) nts and w ith strong to top em ties ployers in the techn industry. and in others it has increased the flexibility and specialization options available. as there world class international faculty Canadian g rated ag appears to Wheat B ribusiness be a host oard.The domestic MBA experience any domestic US students see a return to school as a great opportunity to start a new chapter in their lives. Kingsto n. DC. I th -year Eu duation. at the diur years o desk deal Chicago n the 24-h ing with with a welcoming visa system allowBoard our comm Asia-Euro On the d odities tr pe orders ing students to stay automatically esk. Th eir curr ic has provid ulum ed me w ith the to essar y to ols necensure m y continu cess. I p ample job opportunities and a hanCanada. Canada to study their MBA. School o approach . with more modular options available where the study commitment is a few days per month. Business schools have adapted their programs with changing times. with options continue n. ities exch yriad of one-year y MBA a ange org education t Queen’s anization For each candidate. ology The Elle r College agement of Manat the Un iversity o was a perf f Arizona ect fit. Qu een’s Un destinations in the world. the f Business its emph . In times where businesses have been more selective in their MBA hiring. iversi O B EDITORIAL || ty. Canad a 83 . nce the b lan to lau reakup o nch the fi f the high standard of living. Almost gone are the days when post-graduation jobs were limited by where a candidate obtained their MBA. state or region. 2012 MBA can University didate at of Arizon the a in Tucs Eller Coll on. many rst interBrendt L commod amber t. For this reason. 2012 MB ity spread MBA students consider Canada A candid ate at Qu een’s Sch to be one of the prime study ool of Bu siness. I of Trade. our te ading .to 24-months in another city. combined ne. with more content and class interaction shifted online. O Canada’s MBA experience: high salaries. At the same time. study method d are in Eu ion’s five After g ra rope. With MBA stu dies at Q worked fo Canadian MBA graduates reporting ueen’s Sc r the Fort hool of B ties tradin une 500 usine very competitive starting salaries and g organiz financial ation IN services an ss. Mar yland I worked Consultan as an IT t for a Fo rtune 500 pany in W comashington . more and more with the New York different n as ‘exec final stag Mercanti clients su ution’. Corey E ck. Combined with based hed company of opport the long ge fund in in a merc unities si term. In and facilities. the country prog ram. there is an ever increasing trend where students move further distances across the country to attend business school. business schools in Canada have been very keen to promote the opportunities availCanada’s able for studying in the country. and locations – and each with ought ropean c I plan to dising-ex redit defa work wit port field ult swap h an inte . Arizo ege of M na. in program duration. TL FCSto d commo I spent fo a high standard of living. and a great opportunity to spend 12. in a proc am dealt ess know after graduation. many one-yea r MBA a of which have developed alongside a ppeal efore my very strong Canadian economy. I’ve ed sucrecently secured a as a manag position ement co nsultant w IBM Glo ith bal Busin ess Servic of their st es as par t rategy an d transfo g roup in rmation Atlanta. part-time study has become a more attractive option during times of economic uncertainty. anagemen t M a lot more appealing.

August. Years of Work Experience : 0 Application Fee : USD ($) 50 Part Time Course Information Start Dates : February. small class size. which includes tuition. Similarly.edu Web: www. but under certain circumstances this requirement can also be modified. executives. A Pre-MBA is available for students with degree backgrounds other than business. and the placement rate is high. At CLU class sizes are small. and splendid climate. spectacular location.Profit Organisation Pharmaceutical / Bio-Medical Public Sector Retail / Consumer Goods Full Time Course Information Start Dates: February. and the expectations are Career Planning The CLU Career Center is instrumental with career development. In addition to classroom activities. The international perspectives that these pre-career students bring to the graduate classes. The combination of substantial value. close contact with renowned faculty.School of Management. where they discover that living and learning in CLU’s environment of intellectual inquiry and real world training come together for a well-rounded education experience. dynamic business location. November.” CLU offers a superb blend of academics. Financial Planning. Significantly. TOEFL Score: Internet 80 Computer 210 Paper 550 Min. CLU will consider international applicants who are just beginning their careers. The Exceptional Value of a 12 Month MBA The MBA at CLU is recognized as “An Exceptional Value in US Graduate Business Education. and managers who are in the same classes. most Student Profile The possibility to complete an MBA in as few as 12 months attracts highly-qualified students from around the globe to Southern California. coupled with the real world professional experiences of the American professionals. and international and US students alike take courses and complete meaningful projects together. GMAT Score : 550 or waiver Min. and Social Enterprise/ Not-forProfit. or for whom a significant overall educational value is desired may wish to consider CLU for their MBA in the USA. And the total cost is far less than that of many other MBA programs. Europe applicants report TOEFL scores. and other professional development opportunities. Admissions Criteria Admissions are selective but flexible. or May. California 91360 United States of America Tel: +1 805 493 3511 Fax: +1 805 493 3312 Email: domicone@clunet. California. career mentoring. Applications are encouraged at least 120 days before the start of the term. IELTS : 6. the degree can be completed in as few as 12 months. Though work experience is preferred. After the academic component of the program. Students who wish to complete an MBA in as few as 12 months. August. Most applicants submit GMAT scores. May. California Lutheran University Programme Type: Full Time MBA Part Time MBA Specialisation by Industry: Banking / Financial Services Consulting Government IT / Telecommunications Media & Entertainment Non . The 200+ acre (90+ hectare) park-like campus enjoys a superb climate. health insurance and shared graduate housing with private bedrooms. there are many scheduled seminars. Australia & New Zealand high – but the rewards are great. many MBA graduates elect to engage in an optional internship. California Lutheran University 60 West Olsen Road #3500 Thousand Oaks.000 / Total Program Cost Entry Requirements: Min. Minimum expectations include a bachelor’s degree with a respectable academic record. an optional internship can provide a useful introduction to national and international employment opportunities. and wireless internet. mid-way between Los Angeles and Santa Barbara (about an hour’s drive from each). including Finance. and internship opportunities appeals to even the most discriminating and highlyqualified applicant. combine to create a remarkable environment of international learning. Full-Time MBA Program Director School of Management. full kitchens. The CLU MBA is demanding. seminars. where it One Year MBA never freezes or is ever too warm. Management/ Who Should Apply to CLU? Total cost and speed to completion are often factors in the student’s MBA decision process. practical experience. Harry Domicone. Marketing.edu/IMBA Latin America Specialisation by Function: Economics Entrepreneurship Finance General Management Information Management International Management / Business IT Management Marketing Organisational Behavior Social Enterprise and Not-for-Profit areas. General or Specialized Degree Program Students may select either a general MBA or a specialized MBA with an emphasis in one of several 84 TopMBA Career Guide Spring/Summer 2012 . Application Procedures Students may apply for any of four entry points: August. February. November Programme Duration : 12 months Tuition Fee : USD ($) 2115 / Per Course Contact: Dr. November Programme Duration: 12 months Tuition Fee: USD ($) 50. events. May. Recognized as an “Exceptional Value in US Graduate Business Education. Asia Pacific CLU School of Management Southern California.5 Min. Information Technology. North America Organizational Behavior. and the formation of enduring professional relationships among all participants. International Business. which is arranged with the assistance of the CLU Career Center and the School of Business and its faculty.clunet.” CLU is ranked by US News & World Report as a Top Tier Master’s-granting university in the US West. but with a sufficient demonstration of quantitative ability. A Pre-MBA is available for students with other than business backgrounds. work experience is not required. workshops. In addition. this test may be waived.000. Entrepreneurship. A Southern California Campus CLU is located in Thousand Oaks. USA Costs and Scholarship Opportunities The all-inclusive price of the MBA program at CLU for the 2012 academic year is about $50.

We provide streaming video of current on-campus MBA classes. Specializations include finance and computer information systems as well as an optional Certificate in Federal Financial Management.” said 2011 graduate Michael Lathrop. #4 Most Family Friendly and #7 Best Administered (The Princeton Review). technical support. Program Assistant Colorado State University College of Business Rockwell Hall 1201 Campus Delivery Fort Collins. The 40-credit comprehensive business curriculum can be completed in 21 months or may be flexed out over three to five years. Recognition for CSU’s MBA Program includes #1 Online MBA Program (The Best Colleges). The level of work and diploma are exactly the same as for those who attended the program on campus. complete access to all CSU library materials. ensuring that tasks and classes are completed on schedule. MI. CPT.leland@colostate. CSU’s College of Business has a global orientation with a focus on business ethics and social responsibility. Students have the flexibility of viewing classes and completing coursework whenever they choose during the week. and slides. and the online program allows me the adaptability to work on my degree no matter where my job takes me.com Accredited internationally by the AACSB since 1970. all of whom are experts in the course materials taught. and real-time white boards. Top 10% of National Universities (US News & World Report). class discussion. TopMBA Career Guide Spring/Summer 2012 85 Australia & New Zealand Asia Pacific Europe North America Latin America . I wanted a flexible online MBA degree with the same accreditation as an on-campus program. provided to all CSU MBA students. Learning is guided by experienced. qualified instructors you know. the latest business software. assignments. Accessibility and personal attention are the hallmarks of our faculty and staff. and video conferencing for group projects. CSU now offers the optimum combination of quality. convenience.edu Web: www. Assignments and exams follow a similar schedule to that of the on-campus classes. Colorado 80523-1201 United States of America Tel: 001 970 491 1917 Fax: 001 970 491 1917 Email: matt. the College of Business at Colorado State University has delivered the MBA classroom experience to students throughout the world for more than 40 years. document sharing. Students can view classes wherever they are on their HP Mini netbooks. including lectures. and Top 100 Colleges of Business (Bloomberg Business Week).Colorado State University College of Business Programme Type: Professional MBA Online Professional MBA Executive MBA Joint Degree Programmes Offered: MBA + DVM Specialisation by Function: Computer Information Systems Finance Professional MBA Information Start Dates : August Programme Duration : 21 months Tuition Fee : USD ($) 795 / Per Credit Online Professional MBA Information Start Dates : January August Programme Duration : 21 months to 5 years Tuition Fee : USD ($) 795 / Per Credit Executive MBA Information Start Dates: August Programme Duration : 21 months Tuition Fee : USD ($) 57. Online Professional MBA students receive the same degree as Professional MBA students on campus because the programs are identical in academic content and rigor. We also provide online tools including an easy-to-use interface for course content. and emails.CSUmba.600 total Contact: Matt Leland. academic advising. high-caliber professionals who provide top-tier instruction. “The CSU MBA program set the standard for the value delivered at the reasonable cost. and value through our Online Professional MBA Program. and career counseling and placement services for all students. As one of the nation’s first universities to do so. Army Active Duty.

2012 Sun. years of work experience: 3 Min.facebook. Dubai and Shanghai. and IBM. head—from cutting-edge technology. Xerox. He had some exciting ideas about entrepreneurship and the future of the world.S.500 USD San Francisco: 64. you automatically become a Joshua Boone Wilcoxson United States MBA Class of 2011 .edu/apply-now YouTube: www. France EMBA Class of 2010 “Being in a classroom with students from all over the world is the best and most exciting part of studying at Hult.facebook. Australia & New Zealand Shanghai. Hult is the pioneer in action learning. Our LEAP Method is at the heart of our curriculum where 86 TopMBA Career Guide Spring/Summer 2012 Global Alumni Network As a Hult student. Alexandre Lemille. regardless of location. President Bill Clinton. International Career Opportunities Hult’s global Career Services teams. or managers of growth companies. Hult’s MBA program has been ranked in the top 20 business schools in the U. We have also established HultTV. London. Dubai and Shanghai specialize in helping international students find global employment opportunities. Deloitte. and his understanding of management was phenomenal”.600 GBP Shanghai: 435. Africa.500 CNY Admission Deadlines: Sun. from anywhere. San Francisco. FT and Philips. India Admissions Office Dubai Tel: +971 4 375 3088 Contact us: hult. In addition we ensure our students have continual exposure to the world’s leading business experts and industry professionals with an array of guest speakers invited to join our Executive Speaker Series across all campuses. where they receive the same fully accredited MBA using an identical curriculum. allowing students to access our classrooms at any time.com/HultMasters www. 2012 Entry Requirements: Min. McKinsey.edu/contact-us Applications: hult. Going Beyond the Classroom We turn conventional classroom learning on its Hult International Business School is the world’s only truly global business school with campuses in Boston.500 AED London: 23.000 CNY Executive MBA Course Information: Start Dates: September Program Duration: 24 months – 5 years Tuition Fee (per academic year): Dubai: 124. No other business school offers such high-level exposure. students are given the option to rotate to up to two other Hult campuses—expanding their international exposure and global networks. Partners include Duracell. was my favorite guest speaker on campus. 5th in International Business and 1st in International Experience.” Europe San Francisco. May 6.com/HultUndergraduate North America Pre-MBA function 21% General Management students work with senior management of a leading Fortune 500 company to solve a real business problem they face. Pfizer. a web-streaming platform. London.Hult International Business School Latin America Programs: Full-time MBA Executive MBA Master of International Business Master of International Marketing Master of Finance Master of Social Entrepreneurship Bachelor of International Business Administration Application Fee: 150 USD Regions of origin 31% South Asia 19% Europe 14% North America 13% Middle East/Africa 12% Latin America 11% Asia 16% Technology/Manufacturing 16% Marketing/Sales 12% Consulting 12% Finance/Accounting 5% Operations/Logistics 19% Others One-year MBA Course Information: Start Dates: September Program Duration: 12 months Tuition Fee: Boston: 64. Students begin at their home campus in Boston. Bank of America. 2012 Sun.com/HultMBA www. These rankings recognize our uniquely international focus. Student Profile “The most valuable thing Hult has provided me is the opportunity to connect with people from different parts of the world. you learn about different customs and business practices and how the former may affect the latter.facebook. IBM. London. Forbes Magazine. Johnson and Johnson.700 AED London: 44.com/HultEMBA www. Jun 24. Feb 5. Hult’s Global Campus Rotation Program allows students to gain critical insights into the world’s key economies. and currently ranks in the Financial Times’ (2011) top 100 business schools in the world. San Francisco. This helps you to prepare for a career in any part of the world.500 USD Dubai: 236. or such an invaluable opportunity to put classroom theory into practice. Many are actively engaged as directors of corporations. and are ready to LEAP Method—Board-level training Fortune 500 and leading companies at assist students in defining and realizing their next career move no matter where in the world. based in Boston. By interacting with people from every continent. age: 24 GMAT Score English Proficiency Test The Americas Admission Offices Boston Tel : +1 617 746 1990 San Francisco Tel : +1 415 869 2900 Los Angeles Tel : +1 310 540 0844 Mexico Tel : +52 55 5283 3307 Miami Tel: +1 305 648 9746 Asia Pacific Admissions Offices Hong Kong Tel : +852 2111 2399 Shanghai Tel:+86 6133 6133 Europe Admissions Office London Tel: +44 207 341 8555 Middle East.youtube. Why do students choose Hult? Global Rotation Program An international perspective is crucial to understanding today’s business issues. Dubai or World-class Faculty with Real-world Business Experience Hult’s global faculty has outstanding academic credentials combined with extensive real-life experience running and managing successful international businesses and consultancies. Current speakers include 42nd U. member of the Hult Alumni Association. Mar 18. a powerful alumni network of 5. Editor-in-Chief. the quality of our program and faculty. Then during their elective modules. the ex-CEO of Apple.facebook.” Asia Pacific the Association of MBAs (AMBA).S. John Scully.com/hult Facebook: www. innovative fast-track programs to executive speakers. and top 30 in the world by The Economist (2011). consultants. and our exceptional student body and alumni network. A Hult MBA not only has provided me with insights into today’s business world. integrating classroom teaching with real-life situations. and Steve Forbes. Novartis. but it has also challenged me to make a significant impact on how business is conducted today and into the future. We focus on a certain concept and we each share how that applies in our home country. Hult is a fully accredited member of the New England Association of Schools and Colleges (NEASC) and is also accredited by Lola Adenkan Nigeria MBA Class of 2010 “Our professors are all former or current professionals and are all experts in their respective fields.500 GBP Shanghai: 228. All incoming MBA students are given an iPad with access to our virtual tutorial sessions to supplement classes and help navigate any trouble areas. They challenge us daily to think critically and work effectively within a team. Motorola. 2012 Sun.500 business professionals across 120 countries who hold positions at companies including Goldman Sachs.

Student growth and opportunities for professional development are focal points at the Tobin College where interests. “I loved the idea of social networking because it was a fresh. Many of our more than 34. Staten Island and Manhattan). graduate students. Tobin College of Business has provided the highest quality business education for over eighty years. Assistant Dean The Tobin College of Business.” said Professor Carroll. Tobin College of Business at St. St. John’s in 2001. career “This was a great accomplishment for Carleen leading premier marketing conference for consumer research. Today’s executives need a broad understanding of business practices and the trends that shape them. and an international campus in Rome. The Executive in Residence Program: Students serve as consultants working closely with managers at actual for. The Tobin College of Business also is home to the School of Risk Management. John’s University’s campuses are located: three residential New York City campuses (Queens.B. controllership. risk management. and a combined M. Tobin is among only 25% of business schools with full accreditation by the prestigious AACSB International – The Association to Advance Collegiate Schools of Business. John’s University enjoys international acclaim for educating ethical leaders for today’s global business environment.stjohns. The Peter J. enterprise Under of the mentorship Marketing Carroll. returning to campus to teach and serving as a valuable resource for internships and career opportunities. resources and connections in New York City and Europe. Returns from our investments are used to fund scholarships for Tobin Student Profile Degrees offered include the Bachelor of Science. GMAT Score : 530 Min. Students at the Tobin College of Business also benefit from the dynamic business and cultural environments in which St. Insurance and Actuarial Science. modern topic that has not been explored in depth. Academic Service-Learning and Economic Development: Students apply their knowledge to assist small businesses and organizations serving those in need. St. Johns University Bent Hall. In fact. A graduate degree from the Tobin College of Business commands respect. The School of Risk Management was formed when the 100-year-old College of Insurance merged with St. “ACR.D. programs in accounting. marketing management. our investment graduate management. I felt a great sense of accomplishment and pride that I was able to create a research project that marketing professors and marketing practitioners from around the world found both interesting and insightful.S.Profit Organisation Pharmaceutical / Bio-Medical Public Sector Real Estate Retail / Consumer Goods Venture Capital & Private Equity Insurance Full Time Course Information Start Dates: January May August Programme Duration: 18 months Tuition Fee: USD ($) 1010 / Per Credit Entry Requirements: Min. John’s University Programme Type: Full Time MBA Part Time MBA Joint Degree Programmes Offered: MBA + JD Specialisation by Function: Accountancy Finance General Management Information Management International Management / Business Marketing Risk Management Tax Management Controllership Specialisation by Industry: Banking / Financial Services Consulting Government IT / Telecommunications Non . program with concentrations in accounting. The Tobin College of Business provides this understanding through an interdisciplinary approach to business that combines a focus on ethics with experiential learning. Italy./J. executive management. and taxation. the multi-million-dollar fund provides students with experience at researching With campuses. Professor Ryall Tobin graduate student Carleen Ramlochansingh’s thesis Networking Empirical Annual on social Profiles & networking entitled.The Tobin College of Business. NY 11439 United States of America Tel: (718) 990 1345 Fax: (718) 990 5242 Email: tobingradnyc@stjohns. only accepted about 50% of the submitted working papers this year and this was the largest ACR conference to date with over 1200 participants! Carleen’s paper was competing with those submitted by PhDs and full time marketing practitioners around the world. Room 111C 8000 Utopia Parkway Queens. They form a strong network of support for current graduate students.A. the Latin America . and St.S. insurance and risk management. The Peter J. students are encouaged to pursue their Enhancing students’ preparation. England.” said Ramlochansingh.and not-for-profit companies.edu Web: www. “The conference was a great learning experience and was quite exciting. TopMBA Career Guide Spring/Summer 2012 87 Australia & New Zealand Asia Pacific Europe North America management of risk. one of America’s leading schools for actuarial science. Recent recognitions for the Tobin College include a listing by The Aspen Institute among the top ninety business schools in the United States whose graduate curricula reflect a commitment to social responsibility and sustainability. John’s campus in Rome and take part in a two-week intensive program in London. Years of Work Experience : 1 Application Fee : USD ($) 70 Part Time Course Information Start Dates : January May August Programme Duration : 31 months Tuition Fee : USD ($) 1010 / Per Credit Contact: Carol Swanberg.” ”I wanted a topic that encompassed marketing with an international impact. Many alumni have risen to senior executive positions in the financial services community in New York and around the world. TOEFL Computer Based Score : 250 Min. taxation.A. Association for was accepted into the Consumer Research (ACR) Conference. phenomenon but a global one.” she said.edu/tobin risk management. Global Studies: Students have opportunities to study around the world. Tobin has dual AACSB accreditation for its business and accounting programs — a distinction shared by very few business schools. We thought about the global reach of the Internet and found that social networking is not a U.B. IELTS : 7 Min. TOEFL Paper Based Score : 600 Min. M. computer information systems for managers.000 alumni hold the most senior executive positions in major business and non-profit organizations worldwide. Tobin College of Business offers a variety of special programs and resources: The Student Managed Investment Fund: Donated by a Tobin alumnus. which is housed at the University’s Manhattan location in the heart of the New York financial district. finance. The Tobin College of Business offers the following graduate programs: M. Our graduates’ success reflects the high academic quality of the Tobin College of Business. Assistant and managing a portfolio. Social Cultural Dimensions: An Investigation. Master of Business Administration and Master of Science. including St. international business. John’s. The College encompasses the School of Risk Management.” The Tobin College of Business Dean’s office supported Carleen and her paper’s acceptance by covering her expenses to attend the ACP conference. The Peter J.

will help you understand and prepare for employer expectations and hiring requirements. Those with a solid four year BComm or BBA. there are several opportunities in both years to have hands-on experience doing projects for businesses both large and small. The Part-time average is 31 years old with 8 years of work experience. Our innovative Professional Development Program.000 Contact: Leah Ray Managing Director. resources and training to help develop your own career management skills and ultimately achieve your career goals. 40% are Bsc/Eng. You must be able to think strategically. The Sobey MBA Program values diversity. Our MBA students have a variety of academic backgrounds. International student fees are approximately CDN($) 28.0 Min. Years of Work Experience : 2 Application Fee : USD ($) 70 Part Time Course Information Start Dates : January September Programme Duration : 40 months Tuition Fee : USD ($) 14000 / Total Program Cost Executive Course Information Start Dates: August Programme Duration : 24 months Tuition Fee : USD ($) 45. We will assist you in your career development and be a partner in helping you achieve your career goals. In addition to the admission requirements listed above we will accept a three year undergraduate degree with the additional time focused on work experience. Students who pursue the consulting stream qualify to pursue the CMC designation.000CDN for the full 20 courses. If students are able to apply the knowledge they gain in the classroom the learning is enriched. IELTS : 7. . We encourage candidates to apply with a variety of backgrounds. 25% BA.ca/mba Latin America academic foundation. Our current MBA student population is 40% female. may be eligible for our accelerated program. Career Opportunities. evaluate and act on information faster than ever before. Students can focus on a specific area or gain further breadth by taking courses from a variety of disciplines. tools and leadership skills needed to succeed in today’s global economy.000 for the full 20 courses. Develop Effective Job Search Tools and Skills. Therefore. Canadian Association of Management Consultants (CAMC). or IELTS (7. To be eligible you require a minimum GMAT score of 600. Networking Events. A combination of company projects and a week-long case competition are part of the first year experience. The Sobey MBA Program will equip you with the concepts. attract resources to your ideas and mobilize people to get desired results. We focus on helping you develop required skills to achieve your career goals and to proactively manage your career throughout your lifetime. which involves student teams working with a company. 35% of our student body is from outside of Canada. Internships. You must make order from chaos. A state of the art teaching facility. We recommend candidates have at least 2 years of full-time work experience. In order to be eligible for advanced standings. The Sobey MBA Program has an exciting array of courses in the first year which provides a solid 88 TopMBA Career Guide Spring/Summer 2012 Fees and Scholarships The Sobey MBA Program offers reasonable fees while not compromising on the quality of your education. Details on the program can be found on our website.smu. GMAT Score : 550 Min.0. MBA Program Saint Mary’s University The Sobey School of Business 923 Robie Street Halifax. The emphasis is on building You will automatically be considered for entrance scholarships at the time of admission. A minimum GMAT score of 550 with minimums in each area and AWA writing score of 5. Asia Pacific Australia & New Zealand a network of high caliber classmates and a strong connection to the local business community will enrich your learning experience.Saint Mary’s University Programme Type: Full Time MBA Part Time MBA Executive MBA Joint Degree Programmes Offered: MBA-CMA (Certified Management Accountants) Specialisation by Function: CAMC Management Consulting Finance General Management Human Resource Management Information Management IT Management Marketing Specialisation by Industry: Banking / Financial Services Consulting Government Full Time Course Information Start Dates: September Programme Duration: 20 months Tuition Fee: USD ($) 28000 / Total Program Cost Entry Requirements: Min. TOEFL Internet Based Score : 100 Min. and skill building seminars/workshops. North America leadership skills as well as analytical. Nova Scotia B3H 3C3 Canada Tel: 01-902-420-5002 Fax: 01-902-420-5038 Email: mba@smu. problem solving and decision making skills. world class faculty. Extensive On-line Resources. The university boasts an internationalized campus with students from over 106 countries. Build a Strong Network. MBA Program Overview The Sobey MBA program begins with an intensive week of orientation and is capped off by a team building retreat. previous courses must cover 80% of the material and achieved B+ or higher in two courses in the area. The advanced year allows students to tailor the program to meet their professional and career goals.300 international students Saint Mary’s University has a distinctly international flavour.5). Saint Mary’s University was ranked #1 most internationalized by MacLean’s Magazine.ca Web: www. yet academically rigorous atmosphere. The average age of fulltime students is 27 years old with 6 years of work experience. Career Services We are committed to providing personalized and comprehensive career management tools.5 or higher. with a CGPA of 3. Those candidates that require language training we offer a Master of Business Preparatory Program. Mentorship Program and Personalized Career Coaching. coupled with an integrated learning approach. Domestic student fees are approximately $15. Student Profile With a population of more than 1. The Management Consulting stream is in collaboration with the Europe The Sobey School of Business is AACSB Accredited As an executive or an entrepreneur you have to be able to acquire. opportunities. This retreat helps students get to know each other in a relaxed. candidates whose mother tongue is not English must submit with a TOEFL (100 ibt with no band below 20). The advanced year also features experiential learning involving a consulting project.0 with no band below 6. We offer a wide range of resources and tools that will help you including: Define Your Career Goals. 20% BBA/BComm. Scholarships and bursaries are also available for students entering their second year of study. 10% previous Masters work and 5% from other programs.

marketing. and the Indian School of Business (Hyderabad).” “Failure at the Speed of Light: The Fletcher School’s approach to business education is distinct from traditional MBA programs. etc) as well as the Harvard graduate schools (Business. Adding to this flexibility. These internships frequently lead to full time jobs in all sectors and across all industries. a deep knowledge of the international environment. but the sectors and industries vary. Arts and Sciences. Recent thesis topics include: “The Market for Microfinance in Brazil: An Industry Analysis. NGOS. and specialized regional expertise sets us apart. and the other in international affairs. Associate Director. Our ability to deliver critical business skills.” and “Hedge Fund Portfolio Construction. Most students come to Fletcher with several years of professional. Fletcher offers with leading global business schools such as China Europe International Business School (Shanghai). Instituto de Empresa (Madrid). Topics such as security risks. Engineering.500 people in 120 different countries who are open to helping Fletcher students all over the world. allowing them to tackle specialized topics that might not be covered in depth in a course. About 40% of Fletcher students hail from outside of the United States. International Security Studies. As all students are required to speak more than one language. emerging markets. IELTS : 7 Min. and energy and environmental policy give students an understanding of the entire context in which international companies must operate. we ensure that students understand not only how businesses operate internationally. students have the opportunity to develop two areas of focus. By combining two unique fields. Admissions and Financial Aid The Fletcher School Tufts University 160 Packard Avenue Medford. our exclusive focus on the international business environment and Fletcher’s deep expertise in international affairs distinguish the MIB from generalist business programs. students spend the summer between their first and second years at internships all over the world. Fletcher students have diverse professional experiences that bring real-life learning into the classroom. as well as more unique areas like International Trade and Commercial Policies. Joint de Project Escalation and De-Escalation in the Software Industry. and our Latin America . Additionally. While the core classes cover standard MBA subjects. As a graduate school of international affairs. All students are required to complete a final project or thesis. corporate governance. HEC (Paris).edu/business 24 different focus areas. or Development Economics.edu Web: fletcher. but the entire context in which they operate. The MIB provides a solid foundation of traditional business skills including finance.tufts. the student body is large enough to have diversity and depth of interests but small enough to foster an intimate network. and US and foreign militaries. With approximately 500 students. International Business and Economic Law. MIB Class of 2012 Number of students: 34 Average Age: 28 Non-US Citizens: 55% Male/Female: 55/44% TopMBA Career Guide Spring/Summer 2012 89 Australia & New Zealand Asia Pacific Europe North America Our students are truly international. Most have been exposed to international issues on a regular basis or have lived and/or worked abroad. plus exposure to a wide range of international issues that impact business today. TOEFL Paper Based Score : 600 Min. Law. This extends to our very active alumni community of over 7. geopolitics. TOEFL Internet Based Score: 100 Min. As a part of their degree. This is not only limited to corporate professionals but also those who have held management and strategy responsibilities in government. GMAT Score : N/A Min. Years of Work Experience : 0 Application Fee : USD ($) 70 Contact: Kristen Zecchi. students may also take classes at all other Tufts graduate schools (Nutrition.” “High-Tech Innovation in Emerging Markets: The Case of Mexico.Profit Organisation Oil & Gas Public Sector Full Time Course Information Start Dates: September Programme Duration: 18 months Tuition Fee: USD ($) 42.” Student Profile experienced and diverse student body is a fundamental part of student life at Fletcher. full-time work experience.The Fletcher School Tufts University Programme Type: Full Time MIB Joint Degree Programmes Offered: MIB + JD MIB + MA Specialisation by Function: Corporate Governance Economics Finance International Management / Business Public Administration Risk Management Strategic Management Emerging Markets Microfinance Social Entrepreneurship Specialisation by Industry: Banking / Financial Services Consulting Environment Government Non .000 / Per Year Entry Requirements: Min. Education. they tend to have had experiences outside their home countries or in international professional settings. and they represent over 70 countries. one in international business. including traditional business fields such as Strategy and Finance. MIB students may participate in exchange programs Fletcher’s two-year Master of International Business (MIB) is a unique hybrid international business international affairs degree. accounting. From engineering to law to consulting to military service. students may develop a unique area of expertise that gives them an edge in the marketplace. and strategy. MA 02155 United States of America Tel: +1 (617) 627 3240 Fax: +1 (617) 627 3712 Email: internationalbusiness@tufts. etc).

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AACSB International accredited since 1970 www. Make a difference in your career with an Online Professional MBA from the top-ranked public business school in the region. 2011 Green and Gold Exemplary Teaching Award winner Bringing World-Class MBA Faculty to You.CSUOnlineMBA.Instructor Asad Aziz.com .

The mission of the Parker CMC is to provide exceptional career management services that are delivered professionally. The UCLA Anderson Forecast provides business leaders. Corporate Governance and E-Business Specialisation by Industry: Banking / Financial Services Consulting Media & Entertainment Pharmaceutical / Bio-Medical Public Sector Real Estate Venture Capital & Private Equity Entrepreneurship Full Time Course Information Start Dates: September Programme Duration: 24 months Tuition Fee: $45. information systems. operations and technology management. educating the next generation of leaders and providing meaningful forums for industry professionals and policymakers. decision sciences. a cooperative and congenial student culture. in a timely manner and with utmost concern for customer satisfaction.admissions@anderson. MBA + MLIS (Library & Info Science). CA 90095 United States of America Tel: (310) 825-6944 Fax: (310) 825-8582 Email: mba. Specialized Groups The UCLA Anderson community organizes itself in specialized ways that supplement the core organizational structure: Behavioral Decision Making Group Business and Information Technologies (BIT) Information Systems (IS Associates) Celebrating 75 Years of Business Beyond Usual Founded in the depth of the Great Depression. field studies and outreach.000 alumni worldwide. Ziman Center for Real Estate advances thought leadership in the field of real estate by generating influential research.anderson. MBA + MAUP (Urban Planning). Marschak Colloquium The Marschak Colloquium provides a forum for interaction among faculty. entertainment and sports industries. TOEFL Computer Based Score : 220 Min. Easton Technology Leadership Program Undergraduate Minor in Accounting Europe UCLA Anderson School of Management now ranks among the top-tier business schools in the world. Entertainment and Sports . The Harold of and Pauline Price Center for at UCLA Anderson. The Colloquium sponsors presentations by leading experts including faculty members from UCLA. Executive Education UCLA’s Executive Education programs expand management horizons and actualize leadership potential with programs that equip individuals to embrace innovation and drive sustainable growth throughout the enterprise.NUS Global Executive MBA Doctoral Program Master of Financial Engineering The Richard S. accounting. students and industry leaders. highly selective admissions.edu North America Latin America academic preparation. They also provide varied opportunities for continuing education and contact among scholars. ucla. other University of California campuses and other universities or research institutes. MBA + MSCS (Computer Science). extracurricular activities and conferences. Years of Work Experience : 0 Application Fee : USD ($) 200 Part Time Course Information Start Dates : August Programme Duration : 33 months Tuition Fee : $35. An award-winning faculty renowned for research and teaching. and access to a thriving business community. Australia & New Zealand surroundings. human resources and organizational behavior.UCLA Anderson School of Management Programme Type: Full Time MBA Part Time MBA Executive MBA Joint Degree Programmes Offered: MBA + JD.000/year Contact: MBA Admissions & Financial Aid Office UCLA Anderson School of Management 110 Westwood Plaza Gold Hall. The Center for International Business Education and Research enhances and promotes the international components of management through research. and the academic community reliable and independent economic analysis and consulting needed to make informed decisions today and in the future. Suite B201 Box 951481 Los Angeles. . Policy. business economics. MBA students have many opportunities to develop leadership skills in safe UCLA Anderson Alumni Network UCLA Anderson graduates enjoy life-long resources and the benefits of being part of a community of over 36. government officials. Academic Programs UCLA Anderson offers both degree and nondegree programs to meet the diverse educational needs and professional goals of students. Operations and Technology Management. MBA + MPH (Public Health). Asia Pacific marketing.MEMES advances cutting-edge practices and inspires creativity in the management of global media. MBA + DDS.edu Web: www.385/year Entry Requirements: Min. IELTS : 7 Min. and visitors interested in analytical methods and their applications in the social and behavioral sciences. UCLA Anderson’s rigorous programs offer exceptional 92 TopMBA Career Guide Spring/Summer 2012 Entrepreneurial Studies fosters the study and practice entrepreneurship and business innovation by providing the foundation on which creativity can flourish and individuals can succeed.ucla.transforming fundamental knowledge into applicable practices benefiting today’s global The Parker Career Management Center Parker Career Management Center (CMC) provides a superb community for networking and accessing employment opportunities. TOEFL Paper Based Score : 560 Min. The Laurence and Lori Fink Center for Finance & Investments unites research and practice in the field of finance .799/year Executive Course Information Start Dates: August Programme Duration : 24 months Tuition Fee : $54. MBA + MPP (Public Policy). Leadership themes permeate the curriculum economy. Center for Management of Enterprise in Media. MBA + MLAS (Latin American Studies). as well as support services for scholastic and career advancement. Research Centers Specialized centers support faculty research and sponsor courses. students. UCLA Anderson’s faculty comprises outstanding educators and researchers who share their scholarship and expertise in areas such as finance. This includes working in teams on real world management challenges through the Applied Management Research and the Global Access programs. teaching. MBA + MD. and strategy and policy. MBA + MSN (Nursing) Specialisation by Function: Economics Entrepreneurship Finance General Management Human Resource Management Information Management Leadership Manufacturing Management Marketing Operations Management Organisational Behavior Strategic Management Technology Management Entertainment Management Decisions. MBA Fully Employed MBA Executive MBA UCLA . GMAT Score : N/A Min. There are also a multitude of leadership experiences available through the school’s many student associations and activities. successful alumni and world-class facilities combine to provide an extraordinary learning environment in the heart of Southern California.

Comprehensive Career Services The Office of Career Services (OCS) provides dedicated. GMAT Score: N/A Min. MSB Accounting.000 square feet.edu personally experience business at a higher level of sophistication and also make themselves more marketable to recruiters as they start their new careers. Encompassing over 6.edu Web: www. The school has the distinct honor of induction into the elite Global Business School Network (GBSN) for its efforts to create the next generation of leaders in lowincome countries. MSB Finance. 17 by U. visit our Web site: http://www. Baltimore and Rockville. and current class profile. Vibrant. in state ($) 1425 Start dates: August Programme Duration 9 to 24 months Executive Course Information Start Dates: January Programme Duration: 19 months Contact: Sam Kang Director of MBA and MS Admissions Robert H. Smith School is located in College Park.Robert H.Profit Organisation Pharmaceutical / Bio-Medical Public Sector Retail / Consumer Goods Venture Capital & Private Equity Full-Time Course Information Start Dates: August Programme Duration: 21 months Tuition: Out of state USD ($) 695. global corporations. as well as coursework and extra curricular activities that recognize the transformative power of business. Maryland. 2 in research in the U.edu/mba The Financial Times (2012) also ranked the Smith School No. inside the Capital Beltway just a short drive (eight miles) or metro ride from the center of the nation’s capital. University of Maryland Programme Type: Full-Time MBA. Part-Time MBA. Beginning in the spring semester of the first year. internships and employment. representing countries from all over the world.500 Total Cost .umd. one who can make sense out of complexity. with 39% of students coming from outside the U. including 19 interview rooms and state-of-the-art teleconferencing technology. ethnically diverse. “The Smith Experience” provides students with a unique opportunity to TopMBA Career Guide Spring/Summer 2012 93 Australia & New Zealand Asia Pacific Europe North America Latin America Tuition Fee: USD ($) 98. A New Breed of Business Leaders The Smith School’s MBA program helps to create a new breed of business leader. 10 in the world for research.C.S.S. Executive MBA. cope with uncertainty and drive innovation. all within the new paradigm of corporate social responsibility and social value creation. Students can take classes at four locations: College Park. The full-time MBA program was ranked No. and rich in culture. 28 in the U. professional support to help students launch their careers. The school’s Center for Social Value Creation provides opportunities for business students to discover their core values and create a vision for change. To learn more about Smith’s relevant curriculum. in state ($) 425 per credit Entry Requirements: Min.rhsmith.C. the new suite represents the Smith School’s strong commitment to helping its students start their careers after graduation.rhsmith. A multi-million dollar interview suite opened in fall of 2011. The Smith program is international. TOEFL Paper Based Score: 600 Internet Based: 100 Min. by Bloomberg BusinessWeek (2010). The school is ranked No. Smith School of Business. Comprised of six credits. Baltimore and partners around the world. which matches a Smith MBA to the right industry position. paving the way for your new career.umd. Your Smith Experience Built into the MBA curriculum. Tuition: Out of state USD ($) 1695 credit. by the Financial Times in 2012. Maryland. The school also features an active Net Impact chapter. Years of Work Experience: 0 Application Fee: USD ($) 75 Part-Time Course Information Start Dates: August Programme Duration: 21-33 months Tuition: USD ($) 1355 per credit MS Course Information Requirements vary with program. University of Maryland. The parttime MBA program was ranked No. the Smith Experience offers opportunities for customizing your MBA experience. students work directly with businesses and organizations in nearby Washington D. worldclass faculty. downtown Washington. MSB Supply Chain Management Joint Degree Programmes Offered: MBA Only MBA + JD MBA + MD MBA + MPP (Masters in Public Policy) MBA + MSW (Masters of Social Work) MBA + MS (Master of Science in Business) Specialisation by Function: Accountancy Change & Organization Management E-Commerce / Business Entrepreneurship Finance IT Management Logistics Marketing Supply Chain Management Technology Management Specialisation by Industry: Banking / Financial Services Consulting Government IT / Telecommunications Non . The Smith School recognizes the need for understanding and innovating business practices that make both social change and profit. and making new connections at all levels. Students choose to work from five areas: consulting. D. global experience. meaning that Smith MBA students benefit from the high-quality scholarship offered at only a handful of elite institutions. Van Munching Hall Adelphi Road/Campus Drive College Park. Smith School of Business. including onThe University of Maryland’s Robert H.S. OCS links students directly to recruiters through a variety of services. and national and international nonprofit organizations. MSB Information Systems. Student Profile Smith’s 261 full-time MBA students have an average GMAT score of 670 and more than five years of work experience.0 Min. The average age is 28 and 27 percent of the students are female. Washington.S. investing. and off-campus recruitment and the online resume database. or to apply. The region offers excellent opportunities for experiential learning. social value creation. IELTS: 7. and entrepreneurship. Eighty-four percent of the MBA class of 2011 was employed within 3 months of graduation. TOEFL Computer Based Score: 250 Min. Maryland 20742 United States of America Tel: +1 (301) 405-2559 Fax: +1 (301) 314-9862 Email: skang@rhsmith.umd. News & World Report (2011). the city is home to federal agencies.

a one-year MBA. Europe. TOEFL Paper Based Score : 600 Min. and Consulting Field Projects in our curriculum to ensure that our MBA graduates add immediate value to their employers when they enter the workforce.196 /Total Program Cost Entry Requirements: Min. and a part-time MBA program. and execution. and collaboration.edu Web: http://www. international exchange The Katz school has embraced a strategic vision founded on the concept of experienced-based learning. We have incorporated simulations. Katz has a world-class faculty dedicated to cutting-edge and innovative research and teaching. entrepreneurship. Our strategic vision also The School also offers six dual-degree programs through which MBA students add specialization to their business education. the Katz Graduate School of Business has been recognized as a leader in business education and research. and global research practicum trips. April Programme Duration : 18 months Tuition Fee : USD ($) 65. and Organizational Leadership.Katz Graduate School of Business. including the Finance Club. University of Pittsburgh Programme Type: Full Time MBA Part Time MBA Executive MBA Joint Degree Programmes Offered: MBA/Juris Doctorate MBA/Master of International Business MBA/Master of Science in Engineering MBA/Master of Science in Management Information Systems MBA/Master of Public and International Affairs MBA/Master of International Development Specialisation by Function: Accountancy Entrepreneurship Finance Human Resource Management Information Management International Management / Business IT Management Marketing Operations Management Organisational Behavior Strategic Management Supply Chain Management Specialisation by Industry: Banking / Financial Services Consulting Environment IT / Telecommunications Retail / Consumer Goods Venture Capital & Private Equity Full Time Course Information Start Dates: August Programme Duration: 20 months Full-time Tuition Fee: USD($) 56. caring and committed as our MBA programs recognize that being a business leader requires a variety of skills that are an integral part of our business education. Global Supply Chain Management.business. TOEFL Computer Based Score : 250 Min. Students can choose a concentration area and an optional crossdisciplinary certificate in Technology. Our students are engaged. Office of MBA Admissions Joseph M.pitt. case competitions.608 / Per Credit Executive Course Information Start Dates: January. Pennsylvania 15260 United States of America Tel: +01(412) 648 1700 Fax: +01(412) 648 1659 Email: mba@katz. The Pittsburgh Women’s Shelter. Project Bundle Up and Reflections of Grace. Other opportunities include a Six Sigma Green Belt certification program. GMAT Score : N/A Min. August Programme Duration : 36 months Part-time Tuition Fee: USD($) 1. The school’s location The Katz School offers a two-year MBA. Years of Work Experience : 0 Application Fee : USD ($) 50 Part Time Course Information Start Dates : January. emphasizes value chain management. IELTS : 7 Min. Students are also encouraged to participate in community service events. several prominent business leaders and alumni speak to and meet with students to provide additional advice and preparation for business careers. One of the 17 founding members of the AACSB. Options include: MBA/Juris Doctorate MBA/Master of International Business programs. and Toastmasters. April. Student Profile Students in all MBA programs are active and involved in class and outside of the classroom. including sustainability projects and special events to raise awareness of important community issues. exposed to experience-based learning activities from the beginning of their MBA career. midpoint. 94 TopMBA Career Guide Spring/Summer 2012 . globalism. Innovation and Entrepreneurship. One-year and two-year students are grouped into Multi-cultural Learning Teams and Since 1960. edu/katz/ North America Latin America MBA/Master of Science in Engineering MBA/Master of Science in Management Information Systems MBA/Master of Public and International Affairs MBA/Master of International Development The Executive MBA program prepares graduates to compete with the world’s top executives. March. the National Association for Women MBA. Big Brothers and Big Sisters. strategic planning. and end of each program of study and allow students to engage in course work infused with a global context. Students can hone teamwork and leadership skills in numerous clubs. Three international immersion sessions (Global Executive Forums) are conducted in North America. Katz Graduate School of Business University of Pittsbugh 301 Mervis Hall Roberto Clemente Drive Pittsburgh. Katz students also are recognized as leaders in the community as they participate in charitable events that benefit organizations such as the Greater Pittsburgh Blood Bank. The course work focuses on vision. The Student Asia Pacific Executive Board meets regularly with school administrators. the Consulting Club. Throughout the year. and South America at Europe the beginning.000 / Total Program Cost Contact: Cliff McCormick Director. Australia & New Zealand in the heart of the nation’s #1 most livable city (2011 The Economist) enables Katz to establish strong relations with corporations located in the Pittsburgh region.pitt.

University of South Carolina Program Type Full Time International MBA (IMBA) Joint Degree Programs Offered: International MBA + JD Specialization by Function: Global Management Marketing Finance Supply Chain Management Organizational Behavior Risk Management Entrepreneurship Economics Accountancy International Business Human Resource Management Strategic Management Project Management Full Time International MBA Start Date: Early July (Orientation. IMBA students are immersed in rigorous. allowing students to customize an individual program of study in areas such as Finance. and we achieve this through a unique and comprehensive internationalized program. Years of Work Experience: 2 Website: moore.edu/masters. Languages offered are Spanish. “As a volunteer in Morocco I witnessed the impact of economic and business development on community growth. Embassy Antananarivo.sc. that global perspective permeates everything we do. Track Option (choose one) Global Track: A series of Global Business Topics curses focusing on various global economic regions (i. graduates of the program master the economic. contextual understanding of business cultures beyond anything they’ve yet experienced in their careers. Mexico. Global Internship: Required 12-18 week global internship which provides the opportunity to add value to an organization as students expand on their global business experience. News & World Report Ranked #2 for best international experience among the world’s top 100 business schools.0 Min. among others. 2011 business. strategic.edu/imba.” The International Master Administration (IMBA) of Business The IMBA program at the Moore School is a comprehensive MBA with a strong global focus. and globally minded. Be bold. Language Track: A four-month. IMBA Political/Economic Officer.aspx Additional Programs Offered Master of International Business (MIB) Master of Human Resources (MHR) Master of Accountancy (MACC) Master of Arts in Economics (MAEcon) Executive International MBA (EIMBA) Professional MBA (Part Time) Website: moore. stability and opportunity. University of South Carolina Graduate Division 1705 College Street Columbia. and international. cultural and strategic factors that drive success in organizations around the world. and Arabic. ensuring that they think and act globally – no matter where their future may lead them. French. be global We expect our students to understand and master The Darla Moore School of Business The world is not flat. in-country. intensive language training program. Student Profile Andy Allen is a former Peace Corps volunteer and 2009 graduate of the Moore School’s top-ranked International Master of Business Administration (IMBA) program. Financial Times. U. The Aspen Institute. challenging them to experience first-hand the cultural aspects and context of doing business in an international setting. focused. social and ethical complexities of modern business. Africa. China. Driven.S. intensive. giving them an in-depth.edu and region-specific courses. Late June) Program Duration: Global Track: 22 months Language Track (A): 22 months Spanish French Italian German Portuguese Language Track (B): 36 months Chinese Japanese Arabic Total Credit Hours: 68 Tuition Fee (Total Program Fee) South Carolina Resident: USD($)41. A few of its recent achievements and awards are listed below. Supply Chain and Operations Management. The International MBA program at the Moore School was a perfect match and provided me with the necessary cross-cultural skills and experiences to launch a career in international relations at the U.e. be fluent. Department of State. U. with many centers of economic and political power coexisting and influencing one another.S. Madagascar TopMBA Career Guide Spring/Summer 2012 95 Australia & New Zealand Asia Pacific Europe North America Areas of Focus: Selection of a variety of electives Latin America . and Latin America) combined with a two-week business immersion trip.sc. 2011 Among the top 15 business schools identified by graduate students for its excellence in operations education. 2011 Ranked #30 in the Aspen Institute’s list of top 50 schools that best prepare future leaders for the environmental. Global Management. the environment in which global organizations operate. supported by foreign language training and internship opportunities across the globe. #1 public university MBA program for international business and #2 among all institutions in that specialty.sc. Chinese. It’s multipolar. SC 29208 United States of America Tel: +1 011 803 777 4346 Fax: 1 011 803 777 xxxx Email: gradinfo@moore. German. Italian.sc. every student takes the following path as they take part in the IMBA program: Core International Business Curriculum: Fast paced. It provides its graduates with expertise in global management and the international dimensions of Andy Allen. experiential.aspx Contact: Darla Moore School of Business. Exchange Program (Optional): One semester exchange in one of 20 international partner institutions located in 15 different countries (i. Economic Development.e. Singapore). China. Japanese. TOEFL Internet Based Score: 100 Min.480 Non-Resident: USD($)68. Intensive. The Princeton Review. and team oriented the Core has a strong emphasis on global issues associated with each functional area. At the Moore School.805 Entry Requirements: Min.edu Web: moore. these are the traits that define tomorrow’s business leaders. As a result. IELTS : 7. I wanted a graduate program with an integral international focus where I could increase my knowledge of hard business skills. Portuguese. and globally focused business training. We prepare our students to adapt to an increasingly interconnected business world. be strategic.Darla Moore School of Business.S. I was able to focus my studies on French and economic issues in Africa which led to my current position in Madagascar. and the ones we seek in our IMBA graduates.

If you qualify for the accelerated MBA program. JP Morgan.Profit Organisation Public Sector Real Estate Retail / Consumer Goods Venture Capital & Private Equity Full Time Course Information Start Dates: January. IELTS : 7 Min. You can start a fulltime program in September or January and finish in only 16 months. is your passport to the world. which helped me to develop invaluable skills. In today’s business environment. “Our mission here at Schulich is clear and compelling: to graduate men and women who will become business leaders of the highest caliber. Horváth . 10th best non-US school). including the new Master of Finance. perspective and shaped my IMBA ‘07 Vice President. I applied theories learned in class to real. Schulich has built a strong reputation across borders and industries. in a learning environment that is truly international. “My experience at Schulich has been tremendous. September Program Duration : 40 months Tuition Fee : USD ($) 55. Located in Toronto. The Aspen Institute. innovative programs and diverse perspectives on management and leadership.000 alumni who have attained the highest level of personal and professional success.600 / Total Program Cost Entry Requirements: Min. a US think tank (2nd in the world in Social and Environmental Stewardship). together with leading executives from all over the world. Years of Work Experience : 2 Application Fee : USD ($) 150 Part Time Course Information Start Dates : January. Canada’s Global Business School™. 9th in the world). the Aspen Institute and Expansión.600 / Total Program Cost Contact: Graduate Admissions York University Schulich School of Business 4700 Keele Street Toronto.ca/ North America Latin America Student Profile At Schulich. Upon graduation. accomplished and ambitious. an MBA from the Schulich School of Business.yorku. as well as North America’s first cross-border executive MBA. and provide guidance and counsel to students. you can shorten your length of study to only 8 months. Forbes. My exchange experience in the Philippines exposed me to a new and exciting culture. your classmates will bring real world experience and insight into the classroom. and one of the world’s great multicultural cities. Europe career advice and business contacts. Schulich offers a broad range of Master’s-level programs. you will join a select group of peers with diverse backgrounds and proven leadership ability. Ontario M3J 1P3 Canada Tel: 01 (416) 736-5060 Fax: 01 (416) 650-8174 Email: admissions@schulich. The Schulich MBA is also ranked #1 in Canada by the Economist. the Kellogg-Schulich EMBA. Part-time study options include evening or weekend programs. and to prepare them to succeed in a constantly changing world. Recognized for its global reach. Few schools in the world can match Schulich’s track record in terms of creating innovative and relevant programs. If you seek a highly rewarding and stimulating MBA or IMBA program. Hong Kong. act as advisors on Schulich’s boards. Bright. 19 different specialized areas of study allow you to focus on business functions. Schulich pioneered Canada’s first International MBA (IMBA) program.yorku. gives Schulich access to head offices of many organizations and has allowed the school to build strong linkages to the corporate community. live. A number of the country’s leading executives. Senior Consultant. TOEFL Computer Based Score : 250 Min. Cap Gemini Canada.Schulich School of Business York University Program Type: Full Time MBA Part Time MBA Executive MBA International MBA Master of Public Administration Master of Finance MSc Business Analysis Joint Degree Programs Offered: MBA/JD MBA/MFA MBA/MA Specialisation by Function: Accountancy Brand Management Corporate Governance Economics Entrepreneurship Finance General Management Global Mining Management Health Industry Management International Management / Business IT Management Marketing Operations Management and Information Systems Organisational Behavior Public Administration Strategic Management Supply Chain Management Sustainability Specialisation by Industry: Arts and Media Banking / Financial Services Business and Sustainability Consulting Government Media & Entertainment Non . teach in its classrooms. GMAT Score : 550 Min.” has my my Prafulla profoundly thinking.600 / Total Program Cost Executive Course Information Start Dates: January Program Duration : 18 months Tuition Fee : USD ($) 110.20 months Tuition Fee: USD ($) 55. the financial and cultural centre of Canada.ca Web: http://www. September Program Duration: 16 . client situations.” Matt Wolodarsky MBA ‘06. Asia Pacific Australia & New Zealand best business schools by The Economist – Economist Intelligence Unit (1st in Canada.schulich. This adds up to a dynamic fast-paced experience that deepens the learning process at Schulich. international Metapart. industry sectors and special topics such as business and sustainability. “Schulich broadened increased career. May. Over 80 Schulich alumni chapters thrive around the world and provide our students with mentorship. The Schulich MBA is ranked in the world’s top tier of Flexibility in the program structure another point of difference. These specializations will give 96 TopMBA Career Guide Spring/Summer 2012 you a competitive advantage when it comes to managing your career. Forbes (1st in Canada.” – Dean Dezsö J. and Expansión (18th in the world) in their most recent global surveys. TOEFL Paper Based Score : 600 Min. then I invite you to come to Canada’s Global Business School™ – The Schulich School of Business. you’ll join a highly accomplished family of more than 23.

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The European international MBA experience
Western Europe’s MBA profile is strong in prestige and prominence among both students and employers. Kin Ly explores the factors that make Western Europe one of the most popular MBA study destinations

W

estern Europe’s MBA reputation has evolved since the late 50s when the qualification was first introduced to the continent. Now with a wealth of Western European business schools topping various MBA rankings and ratings, the region is one of the most sought after MBA destinations among students and MBA headhunters alike.

TopMBA.com Applicant Survey, voted six European countries, the UK, France, Spain, Germany, Switzerland and Italy respectively among the top 10 MBA study destinations. While the US remained in first place, there has been a slight drop in the number of applicants choosing the US as their preferred study destination, suggesting a shift from North America to Western Europe.
The gift of diversity The region’s cultural diversity is a huge appeal for prospective business management students and MBA emplouers. Western Europe has a long history of immigration and a wealth of diversity in culture, language and economic systems that few regions can claim. In a globalized business world, multi-national organizations are increasingly turning to Europe to appoint the next generation of business leaders who have been educated in a diverse environment. Studying in an international environment is an integral part of many Western European MBA programs. Javier Muñoz, MBA career services director at IESE Business School in

Spain says this is one of the most attractive aspects of studying in the region. He explains that this combined with the use of case study methods, whereby students analyze research-based business cases and the

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QS TOPMBA CAREER GUIDE

Climbing to the top Over 2,000 organizations that are actively hiring MBAs took part in the QS Global 200 Business Schools Report and voted 14 European business schools a