Oxford Chicago Valuation Programme

for strategic corporate and investment decisions

 What I really enjoyed was the guest speakers. So every
day, the second half of the day was basically guest
speakers coming into the classroom and going through
business cases with us . So they were not talking
theory they were talking practice, from a practitioner's
perspective like we are. Having the access and the
knowledge and having the ability to pick their brains on
several issues about valuations was priceless.
Mr Kostas Oikonomou,
Head of Analytics and Strategic Growth, Al Jazeera

1 Oxford Chicago Valuation Programme November 2014 Programme Dinner, Exeter College, Oxford
Applying valuation to strategic corporate
and private equity investment decisions

At the heart of high-level discussions about new investments, raising debt

or equity capital, acquisitions, restructuring and disposals lies one critical
component: valuation.
Valuation influences the advice the lawyer gives; the financing agreed
with the bank or investors; investment choices and returns; ultimately the
judgement about whether or not to buy, sell or finance. But often the people
involved in these decisions only have the broadest understanding of how the
valuation is arrived at.
In order to make effective decisions, you must understand not only how
to build and analyse the operational model, but also the financing options,
the different structures, the various valuation methods available, and the
returns. You should be able to understand the theoretical concepts so that
you can model them for your own analysis and sensitivities. You and the
other professionals involved in the discussions must be able to talk the
same language.
The Oxford Chicago Valuation programme has been developed to give a wide
range of professionals a deeper understanding of the thinking, methodology
and techniques behind financing and valuations.

www.oxfordchicagovaluation.com 2
 Why have the two leading
business schools in finance
joined forces to develop a new
programme on valuation?
Interview with the programme director, Andreas Angelopoulos
Why did you develop this programme?
The valuation of a company, asset or investment is a vital factor
in many decisions, from selling off part of a family
firm, to privatising a national industry, raising finance for a
project or infrastructure or simply deciding where to invest
a pension fund. There is a need to provide a programme that
helps all stakeholders understand and make the best decisions.
Many experts specialise in the technical side of determining
a valuation. But there is a wide range of other professionals
who have to take action based on the results of the valuation
experts work including CFOs, strategists, lawyers,
accountants and consultants who advise businesses of all sizes,
managers of funds that invest directly in companies or assets,
and officers of public authorities. We developed this programme
for these people to arm them with the knowledge to think
independently during these discussions, and to give them the
analytical execution, and decision-making skills they need.
Participants may have an MBA, or professional qualifications
and have a general idea of how valuation works. But they wont
have sufficiently detailed knowledge or experience to analyse,
structure and model valuations in the full range of asset classes.
They will have limited, if any, exposure to real transactions. We
will give them a deeper knowledge of the methods, models and
processes involved to help them to make better decisions.
3 Oxford Chicago Valuation Programme
What will I learn?
We will be providing you with the equivalent of years of
experience of financing and valuation in one week.
Unless youre an investment banker who specialises in
valuations, you are only going to have experience of a very
limited number of cases. Even bankers and fund managers
will have been exposed only to cases in their specific field,
and not in all asset classes or structures. Indeed, I know that
many participants have chosen to come on this programme in
order to prepare them for their first ever company valuation
or acquisition. In this situation, a good grasp of theory is
essential, but even more useful is to know what happened when
something similar was applied by a different company or fund
a few years ago, or to recognise a potential difficulty before it
becomes a full-blown risk.
So on this programme youll learn the theory that you need,
which includes the ways in which different assets are valued.
Youll get good finance and valuation modelling skills, including
how to present a valuation proposal and analysis, that youll be
able to take back to the office and put into action straight away.
But most importantly, youll take part in simulations of a range
of different situations and negotiations, based on real cases and
presented by senior executives.
What will we do during the week? How is this programme different?
Learning at both Oxford and Chicago Booth is all about There is no other programme of this type currently available.
questioning, debate, and critical thinking.
There are some good programmes which deal with the general
Its never just one-way: lecturers and participants alike always aspects of valuation, usually as part of an advanced financial
say that they learn from each other. Its particularly so in programme, but there is nothing else available that provides this
this programme because of the wide range of participants, mix of academic theory, modelling skills, real case interactions
all contributing knowledge from different professional fields. and challenging debates and discussions. On no other
Everyone will play their own roles in the simulations and bring programme will you be able to meet such a wide range of senior
their own experiences to bear which is much more meaningful and experienced professionals.
than most simulations when you are representing a point of
view armed only with a briefing sheet and position statement.
Youll be able to question the lawyer in your group, for example,
on exactly why he or she gave a particular piece of advice and
whats behind it. If youre a consultant, you can explore safely Understand how to apply
the consequences of different courses of action.
valuation to make better
At the same time there will be theory sessions and applications
with a modelling element, in which academic faculty from both
strategic decisions
Oxford and Chicago Booth explain conceptual frameworks.
These will be brought to life by real cases and roundtable
Acquire financial and
discussions with leading executives, and alumni from finance, valuation modelling
investments and consulting.
techniques to apply
immediately at work
Discuss real transactions
with leading executives and
interact with global leaders
in finance

www.oxfordchicagovaluation.com 4
Geographies

22% UK
17% North America
9% Asia

28% Europe

12% Middle East

9% Africa
3% Latin America

Experienced Peer Group

Work Sector Average Age: 40

Wealth Management 50+ 19%

Real Estate 40-49 36%

Private Investor 30-29 36%

Sovereign Wealth Fund 25-29 9%

Asset Management

Foundation

Private Equity

Investment Management

Banking

Accounting/Consulting

Corporate

0 2 4 6 8 10 12 14 16 18

5 Oxford
Oxford
Chicago
Chicago
Valuation
Valuation
Programme
Programme
Which positions do participants occupy and
which sectors do they work in?
Is this the right programme for me?
Yes, if. you wish to gain a better understanding of valuations to
complement your own specialist background.
You are likely to benefit from the programme if:
You want to acquire the independent analytical, modelling and
You are the CFO or Head of Strategy for a company and you
general execution skills that will enable you to take strategic
make decisions about raising capital, acquisitions, disposals,
decisions for your company or investment.
or restructuring
You want to be taught by expert professionals, people with a
wealth of experience. You run a family business and would like to negotiate your
valuation with an investor or a bank
You want to gain valuable practical Excel valuation templates
that you can adapt for your own solid models.
You represent a company raising capital from an investor or
You want to be exposed to years of accumulated experience the capital markets
that will have a real impact on your own strategic decisions.
You are a banker negotiating with a fund manager for the
company value and sale

You are a consultant advising a company CEO on the sale of

all or part of his company

A selection of organisations participants You are working for an authority disposing of assets that
work for include need to be valued

You are working for a pension fund investing directly in

Al Jazeera Media Network
American International
Insurance Company
Aton Capital Partners
Bunge North America
Casey Family Programs
Cherat Cement Company
Coutts & Co
Credit Suisse
Deloitte
Dunia Finance
European Bank for
Reconstruction and
Development
Franklin Templeton
Investments
Generali Investments Europe
Gulf Investment Corporation
Halliburton Worldwide
Hikma Pharmaceuticals
Hong Kong Monetary
Authority
companies or assets
Koch Supply and Trading
KPMG You are a lawyer or accountant who would like to have a
McKinsey deeper understanding of critical valuation issues
Merrill Lynch
Morgan Stanley
MTN Cameroon Job titles
Mubadala Development
Company
PHW-Group Chairman / CEO / President
Public Investment Corporation Managing Director / General Manager
PwC CFO / Finance Director
Riyad Capital Board member / Executive Director
Royal Bank of Canada Vice President of Business Development
Saphir Capital Partners Director of Strategy
Saudi Aramco Partner
UBS Principal
Vodafone Group CIO / Head of Asset Management
Wirtz Corporation Investment Manager / Director
WS Atkins Investment Analyst
Corporate Finance Associate
Private Banker
www.oxfordchicagovaluation.com 6
 A stimulating combination of
theory and practice
Uniquely, this valuation programme will unite the three essential
strands of theory, cases and discussions. We will bring together
world leading authorities drawn from practitioner and academic
communities from both sides of the Atlantic to share and
Theory by faculty
compare their approaches. Theoretical concepts by faculty Core concepts are delivered by leading Oxford and
and real cases developed by banks and funds executives are Chicago Booth Professors renowned for their ability
combined with a practical valuation modelling framework. to clarify complex situations, and who provide an
adaptable set of finance and valuation models that
This programme will, for the first time, enable participants to not you can take from the programme and apply the
only learn valuation methods, but also gain a clear understanding following day at work.
of the corporate and investment valuation landscape. We will
dissect the finance and capital structures that affect valuation,
and directly relate these to applications in growth capital, LBO,
distress and infrastructure investment decisions.

Cases by executives
Leading professionals in their respective fields,
from globally recognised institutions will lead
you through transactions they have completed,
enabling you to understand how they have solved
the finance and valuation complexities presented in
real world scenarios.

Discussions by alumni
To continue and further enrich the debate, world
leaders in finance and investment will join us for
evening roundtable discussions and dinners. These
are drawn from the Oxford and Chicago Booth
alumni base to provide an exclusive opportunity to
explore key developments in the field.

7 Oxford Chicago Valuation Programme

 Theory by Faculty

Cases by Executives This programme has the huge advantage of being taught
by both academics and practitioners. I found it extremely
Discussions by Alumni interesting and valuable when following the theoretical
lectures from the Oxford and Chicago Booth professors,
professionals from top tier investment banks and PE
houses came to talk about real life examples, and real life
application of valuation theory that was across different
situations and different asset classes.
Mrs Katarzyna Kornasiewicz,
MSc in Finance LBS, Executive MBA Chicago Booth,
Associate, UniCredit Corporate & Investment Banking

Monday Tuesday Wednesday Thursday Friday

Chicago session
Venture Capital
Introduction to How and Why Capital Investment Valuation
Mergers & Acquistions Infrastructure
Corporate & Structure Affects
Valuation Oxford session Investment Valuation
Investment Valuation Valuation
Growth Capital
Investment Valuation

Chicago session
Venture Capital
Introduction to LBO Investment Investment Case Infrastructure
Mergers & Acquistions
Valuation Methods Valuation Investment Case
Valuation Oxford session
Growth Capital Case
& Modelling Exercise
Lunch

Introduction to LBO Investment Valuation Distress & Restructuring Real Estate Investment
Corporate M&A Cases
Valuation Methods Case and Modelling Valuation Valuation

Oxford session
Corporate Acquisition Distress Real Estate
Private Equity Backed LBO Investment Case
Case Investment Case Investment Case
IPO Case

Discussion Panel and

Dinner with Alumni
Welcome Dinner Cocktail Reception Review And
Free Evening from Chicago and
and Networking and Networking Conclusions
Oxford Universities

Indicative timetable, final timetables for Oxford and Chicago will vary

www.oxfordchicagovaluation.com 8
 Who teaches on the programme?
Theory by Faculty

Andreas T. Angelopoulos
Lecturer & Executive Director Private Equity Institute, Sad Business School, University of Oxford
Andreas is the Executive Director of the Private Equity Institute and lectures at the University of Oxford's
Sad Business School where he founded the Oxford Chicago Valuation Programme and the Oxford
Finance Lab. He has more than 9 years academic experience with University of Oxford, Chicago Booth,
Imperial College and more than 23 years professional experience in private equity, investment banking
and engineering with Englefield Capital (Bregal Group), a 2 billion UK private equity fund, for Dresdner
Kleinwort Bensons principal finance and venture capital division. He started his career working in the area
of engineering (real estate and infrastructure) with Bechtel, Dames & Moore and Hochtief ABB J/V
in USA and Europe. Andreas holds an MBA from The University of Chicago, an MSc in Engineering from
Columbia University and a graduate degree Diploma in Engineering, from the University of Patras, Greece.

Tim Jenkinson
Professor of Finance and Head of the Finance faculty, Sad Business School, University of Oxford
Tim is one of the leading authorities on private equity, IPOs, and institutional asset management. He is
Head of the Finance Group at Sad Business School, Director of the Oxford Private Equity Institute, and is
one of the founders of the Private Equity Research Consortium. Outside of academe he is a partner at the
leading economics consultancy Oxera, where he chairs the Remuneration Committee and Oxera Holdings
Ltd.He studied economics as an undergraduate at Cambridge University, before going as a Thouron
Fellow to the University of Pennsylvania, where he obtained a Masters in Economics. He then returned to
the UK and obtained a DPhil in Economics from Oxford.

Steven N. Kaplan
Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, The University of
Chicago Booth School of Business
Professor Kaplan is one of the worlds foremost researchers on private equity, venture capital and
corporate governance. Professor Kaplan is a Research Associate at the National Bureau of Economic
Research, and he also serves on the board of Accretive Health, Columbia Acorn Funds, and Morningstar.
He serves on the advisory board of Correlation Ventures and Sandbox Industries, and also on the boards
of the Kauffman Fellows Program (an educational program that trains emerging leaders in venture
capital and high-growth companies), the Illinois Venture Capital Association and the Chicago National
Association of Corporate Directors. Professor Kaplan is also the faculty director of Chicago Booths
Polsky Center for Entrepreneurship and Innovation. He received his AB,summa cum laude, in Applied
Mathematics and Economics from Harvard College and earned a PhD in Business Economics from
Harvard University.

Mark E. Zmijewski
Leon Carroll Marshall Professor of Accounting Chicago Booth School of Business
For over 30 years, Professor Zmijewski has been a world leading authority on financial accounting and
valuation matters and has researched, taught, and consulted on these issues. His teaching areas include
financial and managerial accounting, advanced accounting / mergers and acquisitions, financial analysis and
valuation, corporate finance, and financial strategy. He also has extensive experience in consulting across a
broad range of industries on these topics across the globe. His work appears in a variety of notable journals,
and he has served on a number of editorial boards. Zmijewski is the former Chicago Booth Deputy Dean,
Ph.D. Program faculty director, and the Center for Research in Security Prices faculty director.

9 Oxford Chicago Valuation Programme

 Cases by Executives Discussions by Alumni

These leading professionals will present case studies on Panel discussions over dinner will provide an intimate opportunity
transactions they have executed. to direct questions to a selection of the following finance leaders.

Stefano Beschi Nicholas W. Alexos

Managing Director Managing Director
M&A Madison Dearborn Partners
Rothschild Chicago alumnus

Marc Boheim
Matteo Botto Poala
Managing Director
Managing Director
Goldman Sachs Private Equity
Goldman Sachs Infrastructure Partners
Chicago Booth Alumnus

Stephen Green Keith M. Breslauer

Senior Partner Managing Partner
Special Situations Patron Capital
Patron Capital Partners Chicago Booth alumnus

James Hartop Tom Cooper

Partner Co-Chairman of Global Mergers and Acquisitions
M&A Deutsche Bank
Centerview Oxford alumnus

Dimitrios Iroides Dominic Hollamby

Director Vice Chairman & Global Head of Healthcare
M&A Rothschild
Rothschild Oxford alumnus

Luis Mota Duarte

Johannes P. Huth
Head of M&A
Head of KKR in Europe, M. East and Africa
Sonae Group
Chicago Booth Alumnus
Ex-Director Bridgepoint Capital

Dan Oakes William Jackson

Managing Director Managing Partner
Capital Markets Bridgepoint
Commerzbank Oxford alumnus

Roopesh K. Shah Tom Kalaris

Managing Director Former CEO, Wealth and Investment Management
Head of Restructuring Finance and Advisory & Executive Chairman of Barclays in the Americas
Goldman Sachs Chicago Booth Alumnus

David Riddell
Claudio Vescovo
Managing Director, Restructuring
Investment Director
Blackstone
Glennmont Partners
Oxford alumnus

Joseph Schull
Managing Partner Europe
Warburg Pincus
Oxford alumnus

*Speakers subject to change www.oxfordchicagovaluation.com 10

 Two programme dates
and two locations to choose from

Chicago Spring 2016 Chicago Booth

4 8 April 2016 Gleacher Center
Chicago

Fee: $10,200

Oxford Summer 2016 Sad Business School

13 17June 2016 Thatcher Centre
Oxford

Fee: 6,500

Programme fee: 6,500 Oxford

$10,200 Chicago
Fees include all tuition, course materials and essential reading.
Lunches, daytime refreshments and two evening dinners are provided.
Accommodation not included. Please ask for an accommodation guide
to arrange preferential bookings and rates.
Sad Business School and Chicago Booth alumni are
entitled to a 15% discount from the programme
fee. You can also take advantage of our corporate
partner rate with a 15% discount if three or more
people from your organisation take part.

11 Oxford Chicago Valuation Programme

www.oxfordchicagovaluation.com 12
 About Chicago Booth School of Business
Chicago Booth is the second oldest business school in the The University has 89 Nobel Laureates associated with it, and
U.S., established in 1898. From its origins, Chicago Booth has Chicago Booth is the first to have a Laureate on its faculty
stressed discipline-based knowledge. The "Chicago Approach (George Stigler, 1982) and the first school with a total 7 Nobel
combines the very best in conceptual knowledge and academic Prize winning faculty members. The faculty body is focused on
theory with practical real world application. Drawing on multiple research with information disseminated quarterly through the
academic disciplines we help students create sophisticated Capital Ideas magazine.
analytical frameworks we teach leaders How to Think, not
Finance researchers at Chicago Booth have a long history
What to Think.
of leadership in academia and of providing practical impact.
Chicago Booth has been an innovator in business education and The deep influence of Chicago Booth research on academia is
a creator of ideas for more than a century. Some of these firsts reflected in long citation counts and the number of academic
include: awards and honors won by the faculty. Indeed, modern finance
is largely built on the work of past and present Chicago Booth
PhD program in business 1920
faculty such as Eugene Fama and Nobel laureates Merton Miller
Scholarly business journal 1928
and Myron Scholes. The economic theory and empirical work
PhD in business awarded to a woman 1929
produced by researchers at Chicago Booth have also found
Executive MBA program 1943
practical application in investment practice, in the construction
First and only US business school to offer an executive MBA
of appropriate corporate capital structures, in the formation
program in Europe and in Asia 1994
of banking regulation, and in a hose of other contexts. Chicago
7 Nobel prize-winning faculty members
Booths tradition in research has at its core a culture that
demands both rigor and grounding in real world observations
We are very proud to be the first and only U.S. business school
and practice.
with permanent campuses on 3 continents: Asia (Singapore
and soon Hong Kong too), Europe (London) and North America
(Chicago).
The School offers non-degree and customised corporate courses
to over 4,000 executives and a complete range of full- and
part-time MBA programs to 3,100 students. We are consistently
recognised as one of the worlds top business schools, currently
ranked #5 FT open enrolment programmes (2013) #1 The
Economist FT MBA (2012). Chicago Booth has 48,000 alumni in
113 countries: 6202 of these are owners, CEOs, or top officers
in firms worldwide. Over 500 of our alumni hold faculty posts at
business schools and universities worldwide.

13 Oxford
Oxford
Chicago
Chicago
Valuation
Valuation
Programme
Programme
About Sad Business School
The Sad Business School was founded in 1996, and since then Our world-class academics research and teach in all areas of
has become one of the highest ranking business schools in the finance. We are at the heart of the finance research activities
world with a reputation for entrepreneurship and innovative of the University, which span numerous departments. Our
business education. As with most things at Oxford, the school members play a leading role in research around the world, bringing
has a history, having been preceded by the Oxford Centre for together academics, practitioners and policy-makers. We offer
Management Studies (OCMS), which was founded in 1965, and a broad range of outstanding degree and executive education
Templeton College (now Green Templeton). programmes in finance, including the Oxford MSc in Financial
Economics which has been ranked first in the UK and fourth in
We are not just at Oxford, but an integral part of Oxford
the world by the FT ranking of Masters in Finance 2012 for the
University, blending the best of new and old. We are a young,
second consecutive year. The school collaborates closely with
vibrant, and innovative business school deeply embedded in an
research centres across the University such as the Centre for
800 year old world-class institution that includes over 50 Nobel
Business Taxation, Centre for Corporate Reputation, Private Equity
Laureates in its alumni.
Institute and Oxford-Man Institute. All of these centres produce
We educate people for successful business careers, and as independent research that is shaping the understanding of
a community seek to use our business acumen and global financial markets and business practices across the globe, whilst
network to address long-horizon phenomena like demographic developing the next generation of finance leaders.
change, new technologies and natural resource scarcity. We
deliver cutting-edge education and ground-breaking research
that transforms individuals, organisations, business practice,
and society. We seek to be a world-class business school
community, embedded in a world-class university, tackling
world-scale problems.
In the Financial Times European Business School ranking (Dec
2012) Sad is ranked 12th. It is ranked number one in the UK (7th
worldwide) in the FTs combined ranking of Executive Education
programmes (May 2012) and 24th in the world in the FT ranking
of MBA programmes (Jan 2013). In the UK university league
tables it is ranked first of all UK universities for undergraduate
business and management in The Guardian (May 2012) and has
ranked first in eight of the last nine years in The Times.

www.oxfordchicagovaluation.com 14
 Expanding your network
This programme draws on a wide pool of international expertise from both business
schools, and provides access during the programme and at subsequent events
The programme has been structured to allow you to work
directly with as many of your fellow participants as possible, to
gain from their experience and to make contacts that you can
draw on long after the programme has finished. You will gain
access to a truly global community of both participants and
speakers through the existing networks that Chicago Booth and
Oxford University can convene.
The power of our
combined university network:
The two highest ranked finance faculties and
research in the Journal of Finance 2012
Two of the highest ranked executive education
providers in the world
A combined group of Alumni living in 129 countries
Two universities with over 130 Nobel laureates
Alumni occupying leading roles across the global
financial centres
15 Oxford Chicago Valuation Programme
Chicago Booths global footprint
With alumni living and working in 113 countries around the
globe, being the only business school with permanent campuses
on three continents: Asia, Europe, and North America, and more
than one third of its faculty holding degrees from universities
outside the United States, Chicago Booth provides a worldwide
perspective for this programme.
The Oxford Business Alumni Network
The OBA Network is Sad Business School's official global
business alumni network. It brings together individuals from
the School and Oxfords collegiate university who share a
common interest in business, and provides lifelong intellectual,
professional and social connections long after you have left,
wherever you may be. With more than 10,000 members living
in 129 countries across the globe, the OBA Network is truly a
world-class, international community.
Executive education participants will be invited to join the OBA
Network upon completion of their programme. To learn more
about the OBA Network benefits and events, please visit our
dedicated website: www.oxfordbusinessalumni.org.
Connecting Oxford and Chicago Alumni

During each programme we will invite alumni from previous iterations and from
the two schools wider alumni base to join us for one of the panel dinners, enabling
participants to access this combined global network.

Chicago Session

Dinner for Dinner with alumni

participants and speakers

Dinner discussions led by senior alumni from

Barclays
Blackstone
Oxford Session
Bridgepoint
Deutsche Bank
Goldman Sachs
KKR
Madison Dearborn Partners
Patron Capital
Oxford College Dinner Rothschild
Dinner for
for participants, speakers Warburg Pincus
participants
and alumni

www.oxfordchicagovaluation.com 16
 Apply now

Apply online at
www.oxfordchicagovaluation.com
For further information contact:

Sad Business School Chicago Booth School of Business

Steve Brewster Lindsey Berry
T: +44 (0)1865 422727 T: +001 312.464.8728
E: steve.brewster@sbs.ox.ac.uk E: lindsey.berry@chicagobooth.edu

17 Oxford Chicago Valuation Programme

www.oxfordchicagovaluation.com 18
Sad Business School
University of Oxford
Park End Street
Oxford
OX1 1HP
United Kingdom

University of Chicago: Gleacher Center

450 N Cityfront Plaza Dr
Chicago
IL 60611
United States

Sad Business School Chicago Booth School of Business

After its establishment in 1996, the Sad Business School has become an
integral part of the University of Oxford, and embodies the academic rigour
and forward thinking that has made Oxford a world leader in education. The
School is dedicated to developing a new generation of business leaders and
entrepreneurs and conducting research not only into the nature of business,
but the connections between business and the wider world.
Executive Education programmes at Sad are ranked in the top ten of the
Financial Times combined table, and number one in the UK. The faculty that
deliver this high standard of education at the School are at the forefront
of their fields and provide intellectual leadership not only for businesses,
but also for institutions such as the European Commission, the US Federal
Deposit Insurance Corporation, the Indian Prime Minister's Economic
Advisory Council (EAC) and the World Bank.
www.sbs.oxford.edu/execed
Since 1898, the University of Chicago Booth School of Business has
produced ideas and leaders that shape the world of business. Our
programs consistently rank among the top 10 schools in surveys
worldwide. With a rigorous, discipline-based approach to business
education, students are transformed into confident, effective,
respected business leaders prepared to face the toughest challenges.
As part of the world-renowned University of Chicago, the Booth
School of Business shares the universitys core values that shape its
distinctive intellectual culture. Our unparalleled faculty is famous
for producing theories that change business practice constantly
questioning, testing ideas and seeking proof. This extraordinarily
effective approach to business leads to new ideas and innovative
solutions. We proudly claim seven Nobel laureates among our
current and former faculty - the first business school to achieve this
accomplishment.
www.chicagobooth.edu/execed

www.oxfordchicagovaluation.com 2015 SAID BUSINESS SCHOOL, Chicago Booth School of business.