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You have one year to

challenge your thinking,
change your outlook and
choose your future.

MBA Programme
As one of the world’s leading and largest
graduate business schools, INSEAD brings
together people, cultures and ideas from
around the world to change lives and
transform organisations.

This worldly perspective and cultural diversity
are reflected in all aspects of our research
and teaching. In the course of a year, across
the school’s two campuses in Asia (Singapore)
and Europe (France) and our two centres
in the Middle East (Israel and Abu Dhabi),
137 renowned faculty members from 35
countries inspire more than 1,000 degree
participants – MBA, Executive MBA and
PhD – and more than 9,500 executives from
the world’s leading companies. Across this
comprehensive range of programmes, our
participants are drawn from more than
100 countries and represent all continents.

Today’s organisations need leaders with
the knowledge and sensitivity to operate
anywhere in the world. This is why business
turns to INSEAD – to develop the next
generation of transcultural leaders.

Welcome to The Business School for the World.

Frank Brown
Dean of INSEAD
One year to
celebrate diversity.

3 Welcome from the Dean
of the MBA Programme
4 INSEAD’s diversity
9 One school. Two campuses
12 The INSEAD MBA faculty
17 The INSEAD MBA programme
18 Life outside the classroom
21 The long-term benefits
22 The views of this year’s participants
24 Our MBA alumni
29 The MBA programme in detail
32 Career development
32 Our admissions criteria
33 How to apply
33 Application deadlines
35 Financing your MBA
35 Come and meet us
36 Programme structure
One year,
one world.

This is my first year as Dean of the MBA programme and
I am delighted to take on this role. Everyone here is
justifiably proud of our programme’s international reputation
and the opportunities we offer future business leaders.

Along with the quality of our teaching, the intensity of our
programme is a key attraction of INSEAD. Participants relish
the challenge of our one-year accelerated programme
and the resulting faster return on investment.

Tomorrow’s leaders (and today’s recruiters) also value
INSEAD’s diversity. Representing over 70 nationalities,
we create a challenging multicultural environment in which
different perspectives thrive. There is no dominant culture,
just a passion for open-minded debate and an eagerness
to engage with new, unexpected ideas.

Thanks to our unique learning environment, INSEAD opens
doors to top-tier career opportunities. Recruiters from all
continents tell us that INSEAD graduates have the leadership
skills and cultural sensitivity needed in today’s increasingly
connected business world.

As I embark on my first year as Dean, I look forward
to welcoming many aspiring business leaders to
Fontainebleau and Singapore. For all of us, it promises
to be an intense, stimulating year.

Jake Cohen
Dean of the MBA Programme

One year.

People say that ‘Diversity’ is the ‘D’ in INSEAD. No other
business school offers such a multicultural experience,
with over 70 nationalities included among the participants.
In study groups of five to six, no more than two people
Nationalities of the same nationality are represented. In fact, there is
represented no dominant culture at INSEAD – everyone is a minority.

The mix of cultures and personalities is matched by
a mix of educational and professional backgrounds.
Both the Fontainebleau and Singapore campuses have
an enriching energy, powered by diverse outlooks
and opinions.
INSEAD’s diversity has long-term benefits. In a typical
year, our MBA graduates join organisations in over
All statistics, unless 50 countries, more than any other business school.
otherwise indicated, apply
to classes graduating in
Consequently, our alumni network has unparalleled
2008, that is, the classes global reach.
of July and December 2008.

Recruiters tell us that our diverse learning environment
creates open-minded, culturally aware graduates who
have the knowledge and sensitivity to operate anywhere
in the world – the next generation of transcultural leaders.

One year.
One school.
Two campuses.

A picturesque French town, steeped in history. A thriving
city-state, perhaps the world’s most truly multicultural city.
It is hardly surprising that most MBA participants choose
to spend time in both Fontainebleau and Singapore.
Involvement in
campus exchange, Fontainebleau, a 45-minute train journey from Paris,
July 2008 class is a traditional centre for shopping, culture, and dining.
Most participants rent an apartment or house in the area.
Some share a country house or château on the edge
of the Fontainebleau forest.

Singapore, Asia's vibrant financial and high-tech hub,
is prosperous and efficient. The INSEAD campus
is based in the city’s ‘Knowledge Hub’, where most
participants live in modern condominiums.

The Wharton Exchange adds even more diversity
to the mix. Participants who choose this option can live
and study in Europe, Asia and North America during
their year at INSEAD. In today’s inter-connected global
economy, the benefits of soaking up such varied
influences are immense.

One year to
be informed
and inspired.

The high calibre of regular INSEAD recruiters and the
high levels of INSEAD graduate salaries confirm our
world-class credentials. This reputation is reinforced
by our position as the business school with the world’s
Resident faculty largest Executive Education programme. Our faculty
are skilled at dealing with practical and relevant business

challenges as well as the profound academic issues
encountered on the MBA programme.

But our teaching and research faculty are not
simply world experts in modern management and
Countries represented entrepreneurship. They are also experts at passing
by faculty on their knowledge. At INSEAD, our faculty’s
inspirational talent in the classroom is as important

as their leading-edge research.

Reflecting INSEAD’s diversity, the faculty includes
professors from 35 countries. Whether based in
Fontainebleau or Singapore, most faculty teach
Journal articles, 62 case on both campuses. Their specialisations and fields
studies and 15 books of research are also diverse, covering the major issues
published (2007) facing international business. Not surprisingly, given
the school’s multicultural spirit, much of their work
has a global dimension.

To further extend INSEAD’s international reach,
we have a faculty exchange programme with
the Wharton School in the US and have established
research centres in Abu Dhabi and Israel.

Renée Mauborgne Renée Mauborgne and Chan Kim are
Fellows of the World Economic Forum.
The INSEAD Distinguished Fellow
of Strategy and International Management, Their book, Blue Ocean Strategy: How to Create
Affiliate Professor of Strategy Uncontested Market Space and Make
Competition Irrelevant is an international
bestseller, with sales of over one million copies
Chan Kim in the first year. Their Harvard Business Review
articles, running to over half a million reprints,
The Boston Consulting Group are also worldwide bestsellers.
Bruce D. Henderson Chaired Professor
of International Management, “How is it that some business leaders achieve
Professor of Strategy and dramatic change in short timeframes with
International Management limited resources and high employee morale,
while others struggle to adapt their
organisations, investing significant resources
yet demotivating employees in the process?
Our collaboration considers such questions.”
Manfred Kets de Vries Manfred Kets de Vries scrutinises the
interface between international management,
The Raoul de Vitry d’Avaucourt Chaired psychoanalysis, psychotherapy and dynamic
Professor of Leadership Development, psychiatry. His specific areas of interest
Clinical Professor of Leadership are leadership development, top executive
Development and Director of INSEAD’s team building and organisational change.
Global Leadership Centre The Financial Times, Le Capital and
The Economist have judged him one of the
world's leading thinkers on management.

“People come to business schools to be
leaders, so it’s unfortunate that most schools
teach a superficial view of leadership.
Here at INSEAD, we offer a more in-depth
understanding of leadership and
entrepreneurship, including a solid
background in short-term dynamic
psychotherapy. ”
One year.
Five intensive
study periods.

The INSEAD MBA curriculum is designed to quickly
and thoroughly prepare participants for a career
in international business. This aim is reflected in the
compressed time frame, reliance on group work and
Class sessions in 10 months clear focus on international markets and settings.

The first few periods are based on a structured series
of 13 core courses. These courses cover accounting,
finance, statistics, strategy, marketing, operations
management and organisational behaviour. Other
courses focus on the environment in which business
Electives offered takes place. Subjects such as economics and political
across both campuses analysis help participants understand the drivers
of change that will affect their future careers.

The second half of the programme is customisable.
Participants take more than 10 electives, creating
a mix of topics that will support their educational and
professional goals. They can either pursue a generalist
path toward management or specialise in a particular
functional area. They may also create concentrations
in specific areas, such as finance or entrepreneurship.

During one year, participants at INSEAD have a similar
number of course hours as those attending most two-year
MBA programmes. This is achieved by focusing on study
five days a week and avoiding ‘down-time’ during
the programme.

One year to develop
life-long networks.

Life outside the classroom is as stimulating as the
formal studies. The many clubs on campus include
Entrepreneurship, Private Equity, INSEAD Women
in Business, INSEAD International Development
Organisation (a Net Impact Chapter) and the Global
Leaders Series, which invites prominent international
business leaders to speak at INSEAD.

National Weeks are a social tradition at INSEAD. Arranged
by participants of a particular nationality, they showcase
the country’s culture, business, music, food and pastimes.
During these weeks, the campuses become even more
colourful and cosmopolitan than usual.

Sporting facilities on both campuses are excellent.
Tennis, squash, swimming, hiking and climbing are
popular in Fontainebleau, a region also known as the
horse-riding centre of France. In Singapore, participants
enjoy the year-round sunny climate while cycling, blading,
wind surfing, water skiing and playing beach volleyball.

INSEAD also offers a particular welcome to partners
and families, and over 25% of participants are joined by
partners for the duration of the programme. The INSEAD
Partners Club organises a range of events throughout the
year for partners and children. Partners may participate
in a variety of activities ranging from cultural outings
in Paris and Singapore to career-related workshops.

18­ —19
One year to change
all future years.

Our alumni often say that their year at INSEAD was
a life-changing experience. The knowledge they acquire,
the business skills they develop and the friendships
they make combine to create an ‘INSEAD effect’ that
Organisations that lasts throughout their entire lives.
graduates joined (2007 )
In career terms, the one-year investment produces

measurable returns. The opportunities are immense.
In 2007, aided by the Career Services team, participants
pursued careers in over 55 countries upon graduation.
Blue-chip multinational employers find INSEAD graduates
particularly appealing. Our graduates know how
Countries where to manage their time, prioritise tasks and juggle many
graduates chose responsibilities in a day. They are also worldly-wise
to work (2007) and culturally sensitive. As a result, INSEAD recruits
are renowned for being operational from ‘Day One’,

anywhere in the world.

The potential return on investment is substantial,
bringing you a lifetime of opportunities and benefits.
It is an investment which cannot be measured merely
Graduates changing in financial terms.
country of work, sector
or function from previous As a first step to joining this programme, we encourage
work experience (2007) you to learn more about the programme by visiting
us in Fontainebleau or Singapore, where you can
meet current MBA participants and hear their impressions.
In the meantime, the next page gives a flavour
of their opinions.

20­ —21
Hiroshi Nagashima ’08J “The most important factor was the outcome
of applying myself within INSEAD’s intense,
Japanese diverse environment. At one point during
Before INSEAD: Credit Analyst, the programme, I realised that a profound
Mitsubishi UFJ Trust & Banking change had taken place within me. I had a
different perspective on the world and how
this expanded picture related to my life.”
Camila Bruzzi ’07D “INSEAD is an intellectual and emotional journey
that strengthens your personal values and
Brazilian makes you rethink your career and your life.
Before INSEAD: Manager, Accenture It provides you with rich cultural experiences
and the most amazing, strong friendships from
all parts of the world, leading to both personal
and professional success.”
One year to earn
your place among
our alumni.

Countries where
In a sense, you never leave INSEAD. As your MBA
programme comes to an end, your life as an INSEAD
alumnus begins. It is likely to be an enriching, exciting
more than 100 MBA life. You will join a diverse alumni network of over 37,000
alumni live and work members, including more than 17,000 from the
MBA programme.

Our alumni live and work in over 160 countries across
Alumni in 160 countries
all continents. The community may be geographically
diverse, but our alumni share the same entrepreneurial
streak. Twenty years after gaining their MBA, over 40%
of our alumni own and manage their own business.
The advice and encouragement that flows between
INSEAD alumni, facilitated by the on-line alumni network,
is an important tool in this business building.

Many alumni stay in close contact with INSEAD.
A thousand alumni volunteers sit on national alumni
association committees, helping to organise reunions
and speaker events, as well as interviewing MBA
candidates in their home countries. Four alumni share
their views here...

Stephanie Lim
MBA ’05D
Senior Consultant, Brand Strategy, Interbrand
American, based in NYC, US

“INSEAD carefully crafted a unique
life for me - a microcosm of the world
within the settings of a classroom.
This gave me the most precious and
valuable learning of all: an opening to
the real world and an opportunity to
become a global manager of tomorrow.”

Michael van Swaaij
MBA ’93D
Chairman, Skype Technologies
Dutch, based in San Jose, California, US

“After finishing my PhD, I knew I wanted
to move from research to business.
INSEAD provided the ideal experience
and bridge for this. It allowed me to get
started and be successful in emerging
Internet businesses, first ISPs and later
eBay and Skype.”

Karen Fawcett
MBA ’88D
Group Head of Transaction Banking,
Standard Chartered Bank PLC
British, based in Singapore

“INSEAD gave me strong foundations
in business fundamentals taught in an
inspiring environment combined with
a unique mix of talented diverse people.
I learnt that ‘Impossible’ is rarely an
applicable descriptor. There is usually
a way of achieving anything - it is just
the challenge of finding the solution.”

Tidjane Thiam
MBA ’88J
Chief Financial Officer, Prudential plc
Ivorian, based in London, UK

“INSEAD offers a unique combination
of faculty, curriculum, students
and employment opportunities.
One may find each of these elements
elsewhere to some degree but no
other place offers all four at INSEAD’s
level. I particularly enjoyed the
school’s stimulating curriculum
and incredible diversity.”
MBA profile: The INSEAD Assessment

Class 2008 MBA programme Your overall evaluation is based
on your exam results, continuous
Male 71% The one-year curriculum includes assessment and class participation.
13 required core courses and
Female 29% a minimum of 10.5 electives. How do you learn?
Its flexibility allows you to create
Average age a tailor-made MBA. During all Professors at INSEAD are constantly
of participants 29 or part of your elective periods, updating and developing their
teaching materials based on their
you can select the subject matter
Average of your studies to match your career
research. This means that you will
benefit from courses that are fresh,
GMAT score 700 objectives. The programme has two
intakes each year, in both Europe
practical and relevant to the fast-
moving global business world. You
Middle 80% and Asia: will engage in a diverse range of
learning methods, including case-
GMAT range 650–750 September studies, lectures, business games,
Late August to early July computer-based business
Countries simulations, live role-playing
and academic study.
represented 72 January
Early January to late December >
Both intakes are organised into five
periods of eight weeks each. Each Core courses
period ends with exams and is
followed by a short break. Both The first period of the programme
intakes are identical academically, consists of five courses. These areas
although the January intake includes cover the functional skills of business,
an eight-week summer break, including micro-economics, financial
giving you the option of taking reporting, statistical tools and
a short internship. decision sciences, valuation and
investments, managing individuals
> and working in teams.

Group work
Age: Class 2008 The next period of your INSEAD
MBA consists of six courses. These
20-25 6% You will be teamed with five
to six people, selected to create
cover the realities of operating
a business enterprise.
26-28 42% diversity through age, nationality,
gender, education and previous Your final core courses in Period 3
29-31 34% work experience. You will often focus on the turbulent, competitive
work in study groups and several and international environment in
+31 18% core courses include team-based which business takes place.

Electives living are totally different but
equally attractive. European
Developing and implementing and Asian cultures also add
a growth strategy for a business variety to the MBA year.
through an intense simulation
exercise. Exploring the
psychological aspects of bargaining
Exchange with Wharton
and negotiation strategy. Examining
the practicalities of leveraged buy-
In addition to moving between
outs through case discussions and
the two INSEAD campuses,
visiting guest speakers. Such
participants from both campuses
electives provide a chance to
have the opportunity to take
construct a tailor-made MBA
electives at Wharton, based in
programme that fits your personal
Philadelphia, USA, for one period,
career goals. Your electives begin
subject to availability.
in Period 3 along with two core
courses, and take up all of Periods >
4 and 5.
Examples of recent electives
Mother tongue: include: Global Trends in Private You must be fluent in English
Equity, Realising Entrepreneurial as all classes on both campuses are
Class 2008 Potential, Market Driving taught in English. If English is your
Italian 3% Strategies, Negotiations and
the Art of Communications,
native language, you must provide
proof of an intermediate ability in
Dutch 4% a workshop for sharpening business another language by 1st June for the
presentation skills. Other popular September intake and 1st November
Portuguese 4% subjects are focused on aspects for the January intake. You must have
of corporate social responsibility, a basic knowledge of one further
Arabic 5% as well as entrepreneurship. commercially useful language in
Study tours to China, India, Abu order to graduate from the
Spanish 5% Dhabi and Silicon Valley continue to programme. A number of languages
German 6% be offered as elective opportunities. are taught on both campuses, based
on participants' interests.
Hindi 7% >
Campus exchange
Mandarin 7%
French 13% Our campus exchange initiative,
unique to INSEAD, allows you
English 18% to follow the same programme
on different continents. You can
Other 28% spend your first two periods on the
Europe or Asia campus, then cross
to a contrasting environment and
lifestyle for at least one of your
remaining three periods.

In 2008, 68% of the class chose
to exchange campuses. Apart from
access to wider networking and
career opportunities, they also
benefit from exposure to diverse
day-to-day lifestyles. Fontainebleau
‘château’ life and Singapore ‘condo’

Average graduating Career Period 5. Our Career Services team
will provide ongoing guidance
salary: development during this decision-making time.
Class 2007 Our Global Career Decisions report
INSEAD is recognised by companies
€78,900 worldwide as a key source of
contains detailed data on the
diverse worldwide opportunities
individuals with proven academic
Average sign-on excellence and strong leadership
for INSEAD MBA graduates.
To download a copy, visit
bonus potential. MBA Career Services,
located on both the Europe and Asia >
€16,000 campuses, is a professional group
ready to assist you in defining and
realising your next career move.
What are we
Regardless of the campus you are looking for?
situated on, the Career Services team
will provide the tools and resources Successful MBA candidates are
to accompany you throughout the distinguished by their remarkably
programme, from your initial wide range of backgrounds and
thoughts about your career experiences. The hallmarks of these
possibilities and evaluating your candidates are academic excellence,
options, through to the final job international awareness, strong
search process and personal interpersonal skills and the potential
preparation for your future to succeed as a leader in a
managerial role. competitive business environment.

A typical career management We look for intellectual curiosity
Previous education: calendar encompasses all five study
periods. The first period is your self-
coupled with a desire to learn in
a rigorous academic programme,
Class 2008 assessment and career orientation as well as personal qualities to
stage. You can also attend contribute to the many activities
Arts 5% counselling sessions. During the of the school. You need to be
second period, you should start prepared to stretch yourself.
Bus. Education 23% to define what you really want to
Economics 12% do and prepare your job search
strategy. This is the time to prepare
Excellent academic achievement

Engineering 35% your CV. The INSEAD MBA is intensive,
rigorous and challenging. You must
Law/Political During Period 3, you should have a sound academic foundation.
research your target companies You should hold a bachelor’s degree
Sciences 8% and develop your job-hunting and or equivalent from a recognised
networking skills. You can also college or university. While some
Science 9% attend relevant sector and function of our applicants have advanced
Other 8% presentations, and meet with the
Career Services team members
degrees, this is not compulsory.
In looking at your academic
for sector-specific recruitment background, we consider the
advice. On-campus recruitment competitiveness of the academic
is primarily focused in Period 4. institution you attended, your
You will have the opportunity to specialisation and your academic
attend company presentations and performance. Several core courses
continue your sector and company require a strong grasp of fundamental
research. This is the time to start statistical and mathematical
applying for jobs and receive principles; therefore quantitative
invitations to interviews. Your job and analytical skills are important.
interviews will continue during

For those participants who have and your active involvement both
Professional little formal analytical training in and out of the classroom.
experience: or experience, there is an intensive
five-day Business Foundations
Class 2008 preparatory programme available.

0-3 years 8% Professional experience How to apply
3-5 years 35% and leadership potential
Your application to join the INSEAD
MBA programme should be
5-7 years 31% In general, INSEAD participants
have had at least 2 years of made online.
+ 7 years 26% professional experience, are >
career-focused and demonstrate
clear leadership potential. However,
we do not exclude applications from Application
exceptional younger applicants
with less than two years work deadlines
experience, provided they can
We operate a staged admissions
demonstrate unusual maturity
process involving three (January
and accomplishments.
intake) or four (September intake)
rounds. You may apply at any round,
International outlook
depending on when you have your
complete application pack ready.
The INSEAD MBA equips our alumni
While competition for each round is
to work anywhere in the world.
relatively equal, the earlier you gain
Accordingly, we seek applicants
admissions, the more time you have
with cross-cultural sensitivity and
Previous work an international outlook. to secure financing and arrange
logistics related to the programme.
experience: Ability to contribute
Whenever you apply, please make
sure that you submit a complete
Class 2008 to the INSEAD experience
well-prepared application pack.
Consulting 27% We look for participants who will
contribute proactively and share the
Finance 20% insights they have gained through
September 2009 intake
Industry 50% their professional and personal
experience. We seek candidates
(Class of July 2010)
1st round: 1 October 2008
Other 3% who demonstrate a clear desire
for intellectual growth, both in the
2nd round: 26 November 2008
3rd round: 11 February 2009
classroom and through working
4th round: 1 April 2009
on group projects. We will choose
those who are mature, energetic,
January 2010 intake
highly motivated, well-rounded, and
(Class of December 2010)
possess strong communication and
1st round: 11 March 2009
interpersonal skills.
2nd round: 27 May 2009
3rd round: 22 July 2009
In addition, we try to build an
exciting, dynamic and diverse >
participant body representing many
countries, backgrounds, styles and
aspirations. We believe that a
substantial part of your INSEAD
experience will be shaped by your
interaction with fellow participants,
Financing your MBA Come and meet us
Studying for an MBA requires Undertaking an INSEAD MBA is
a significant investment and putting a life-changing (and life-enhancing)
the funding in place takes time. decision, so we encourage you to
The MBA programme tuition fees visit us at either or both campuses.
for the classes of July 2009 and A visit will give you a brief
December 2009 are €50,000. There opportunity to experience the rich
are a number of scholarships pattern of life at INSEAD.
available through INSEAD,
amounting to €2.4 million in 2008. Information sessions take place
In recent years, approximately 20% every Friday (except public
of the class received an INSEAD holidays) at 2pm on both campuses.
scholarship. In addition to that, There is no need to pre-book – just
financing options may be found in come along. The sessions last about
your country of origin or residence. one and a half hours and are hosted
by the MBA Department. We will
answer your questions about
the programme and between
Non-discrimination September and June you may
policy be able to sit in on an MBA class.

More formal sessions, INSEAD
INSEAD is committed to the value
IN-House, are held regularly on
of diversity as a source of learning
both campuses. You need to register
and enrichment. In keeping with
for these events online.
this principle, INSEAD does not
discriminate against any person
We also hold regular information
on the basis of race, colour, sex,
sessions throughout the world and
sexual orientation, religion, age,
we encourage you to come along
national or ethnic origin, political
to these when they take place in
beliefs, marital status, or handicap
your locality.
in admission to, treatment in, or
employment in its programme >
and activities.
If you are planning a campus visit,
outside of the regular Friday
session, please contact us in
advance, giving as much notice
as possible.

Tel: +33 (0) 1 60 72 40 05

Tel: +65 67 99 54 88

34­ —35

1 2 3 4 5

© INSEAD 2008 Photography: Rory Daniel, Contextes and Robin Grierson Words: Howard Fletcher Design: NB Studio Print: PUSH
Financial Corporate International Elective Elective
Accounting Financial Policy Political Analysis

Financial Markets Foundations Macroeconomics Elective Elective
& Valuation of Marketing in the Global

Leading People Leading Elective Elective Elective
& Groups Organisations

Prices & Markets Managerial Elective Elective

Uncertainty, Data Process & Elective
& Judgement Operations

Strategy Elective

Career Career Job Search On & off campus On & off campus
Orientation Orientation Strategies Recruitment/ Recruitment/
Job Search Job Search

Europe Campus
Boulevard de Constance
77305 Fontainebleau Cedex, France
Tel: +33 (0)1 60 72 40 00
Fax: +33 (0)1 60 74 55 00

Asia Campus
1 Ayer Rajah Avenue, Singapore 138676
Tel: +65 67 99 53 88
Fax: +65 67 99 53 99