CEMS Press Coverage Highlights 2013-2014

2013-2014 Press Coverage Highlights

2013

3/21/13

Master's of the universe (well, Earth) | Education | The Guardian

Master's of the universe (well, Earth) An exclusive global alliance of business schools offers a postgraduate degree like no other, but you have to be able to speak three languages to get in Stephen Hoare The Guardian, Tuesday 5 March 2013

CEMS graduates are ‘highly employable’.

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

CEMS, the Global Alliance in Management Education, grew out of the Community of European Management Schools and runs a student www.guardian.co.uk/education/2013/mar/05/masters-of-the-universe

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Master's of the universe (well, Earth) | Education | The Guardian

exchange system among member institutions, as well as a programme of international conferences. Last year's graduation ceremony, at the University of St Gallen in Switzerland, attracted more than 3,000 graduands, their families and friends.

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

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

"If you have been accepted by CEMS, you will spend the first term of your second year at a CEMS school anywhere in the world," says Dr Emma Soane, academic director for the MIM. "Only around 50 of our 120 master's students are taken on by CEMS and there is great competition to secure placements at their favourite schools. It's a reciprocal exchange system, so if we send two students to the Hong Kong University of Science and Technology, for example, we must make arrangements to receive two of their students in return."

Major attraction LSE has a 98% international cohort for its master's in management and the fact that it is a CEMS business school is a major attraction.

"The kinds of students we see will have applied to three or four CEMS-approved business schools. Being part of this exclusive club puts us on a par with HEC in Paris, ESADE in Barcelona or RSM in the Netherlands. To be accepted as a CEMS student, you have to be trilingual and most of our students tick this box. They are highly employable," says Soane. www.guardian.co.uk/education/2013/mar/05/masters-of-the-universe

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7/15/13

B-Schools Are Speaking the Language of Business - Businessweek

Bloomberg Businessweek

Business Schools B­Schools Are Speaking the Language of Business

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

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

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

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

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

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

Of course, learning a language tends to be easier the younger you are, so we’re also seeing more and more “pre-experience” master’s programs with this multinational, multicultural, multilingual approach. The CEMS alliance, for example, embraces 28 schools around the globe and offers students the opportunity to study at up to three of them in its Master’s in Management program. Perhaps not surprisingly then, the MIM students are able to operate in three languages by the time they graduate. www.businessweek.com/printer/articles/130640-b-schools-are-speaking-the-language-of-business

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B-Schools Are Speaking the Language of Business - Businessweek

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

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

Join the discussion on the Bloomberg Businessweek Business School Forum, visit us on Facebook, and follow @BWbschools on Twitter. ©2013 Bloomberg L.P. All Rights Reserved. Made in NYC

www.businessweek.com/printer/articles/130640-b-schools-are-speaking-the-language-of-business

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7/29/13

Top B-school alliances

Top B­school alliances Author: Shilpa Vasudevan Published Date: Jul 29, 2013 12:00 AM Last Updated: Jul 27, 2013 11:13 AM

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

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

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

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

Uniform syllabus The structure of the MIM programme is common at all schools. Every student starts the year with a Block Seminar — an intensive one­week course on different subjects. Schools offer compulsory courses in strategy and cross­cultural management (global management practice from this year) and they offer numerous electives.

In Term II, all schools run business projects with participation of companies, where students work in small teams on consultancy­type projects. Students also participate in skill trainings on topics like business communications and team building.

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

The job front CEMS assists you with jobs as well. “Corporate partners are very eager to offer international career opportunities to CEMS graduates. Students have a range of opportunities to network with corporate partners.

They also get to meet representatives of companies at a number of recruitment and social events. The highlight of this year is our annual Career Forum, an exclusive event for CEMS students, alumni (zero­four years after graduation) and CEMS Corporate Partners,” says Siegers. The Career Forum helps CEMS students to meet up with 40+ international companies for prospective employment. For a list of CEMS events. visit www.cems.org/events­services/annual­events.

On the anvil newindianexpress.com/education/edex/Top-B-school-alliances/2013/07/29/article1703680.ece?service=print

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Top B-school alliances

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

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

CEMS Schools * Aalto University School of Business, Finland * Copenhagen Business School, Denmark * Corvinus University of Budapest, Hungary * ESADE Business School, Spain * Escola de Administração de Empresas de São Paulo­FGV, Brazil * Graduate School of Management, St Petersburg State University, Russia * HEC School of Management, France * HKUST Business School, Hong Kong * Indian Institute of Management­Calcutta, India * Ivey Business School, Canada * Keio University, Japan * Koç University Graduate School of Business, Turkey * Louvain School of Management, Belgium * National University of Singapore, Singapore * Norwegian School of Economics, Norway * Nova School of Business and Economics, Portugal * Rotterdam School of Management, Erasmus University, Netherlands * Stockholm School of Economics, Sweden * The London School of Economics and Political Science, UK * The University of Sydney Business School, Australia * Tsinghua University School of Economics and Management, China * UCD Michael Smurfit Graduate Business School, Ireland * Universitá Bocconi, Italy * University of Cologne, Germany * University of Economics, Prague, Czech Republic * University of St Gallen, Switzerland * Vienna University of Economics and Business, Austria * Warsaw School of Economics, Poland OneMBA Another renowned player in the executive MBA arena is OneMBA. Rotterdam School of Management (RSM), Erasmus University, Amsterdam, Tecnológico de Monterrey Graduate School of Business Administration and newindianexpress.com/education/edex/Top-B-school-alliances/2013/07/29/article1703680.ece?service=print

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Leadership aka EGADE Business School, Mexico, Chapel Hill’s Kenan­Flagler Business School, University of North Carolina, USA, and Escola de Administração de Empresas de São Paulo da Fundação Getulio Vargas alias FGV­EAESP, Brazil, formed the OneMBA alliance in 2002. “Our participants benefit from combined strengths of top­ranked OneMBA institutions. We engage on a daily basis with each other to monitor and facilitate processes. Monthly virtual meetings and face­two­face meetings during the global residencies enable the OneMBA executive committee’s global teamwork,” begins Saskia Treurniet, executive director, OneMBA, RSM. Global residency For four weeks, all participants gather at a particular location (the United States/ Europe/ Latin America/Asia) to experience cross­cultural learning. “The 100+ participants meet and engage with their global teammates with whom they will continue to work on projects assigned in the OneMBA global courses once they return to their home locations. The global residencies are a unique opportunity to work and learn with and from their global peers — senior executives from around the world,” says Treurniet. The global residencies provide insight into local business practices versus the global business environment. Renowned academics, executives, policy makers, analysts as well as NGO representatives and government officials spend time with participants.

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

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

TRIUM The TRIUM Global Executive MBA, an alliance between London School of Economics and Political Science, UK, New York University’s Stern School of Business, USA, and HEC School of Management, Paris, was started in 2001 with an initial class of 28 students. It now enrols over 80 students annually. “A typical student is around 39 years old with over 15 years’ work experience and are majorly C­suite corporate leaders, entrepreneurs, not­ for­profit executives, and other professionals,” begins Julia Marsh, executive director, TRIUM, LSE. USP What sets TRIUM apart from others? “TRIUM’s unique, international curriculum challenges entrepreneurial­ minded, senior­level executives to think and act within a dynamic socio­economic and geopolitical context, where the next decade’s opportunities are emerging from today’s challenges,” says Marsh. She stresses on the following: Their students live and work in more than 35 countries, classes are taught by faculty members from all three partner schools, and TRIUM is the only executive MBA programme to integrate an international socio­ political, economic dimension into its entire curriculum.

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

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

Programme delivery The programme is delivered in six intensive classroom modules over a 17­month period at the three alliance schools and also at guest module locations, which are carefully selected to incorporate global learning in emerging markets — Shanghai and Chennai. Topics of study include Business in the global political economy, newindianexpress.com/education/edex/Top-B-school-alliances/2013/07/29/article1703680.ece?service=print

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

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

Student testimonial Kalpana Sankar Class of 2012 and presently CEO, Hand in Hand I chose TRIUM, as I wanted to enhance my skills to manage 3,000 people in different geographies and countries more effectively. In addition to the programme package, the opportunity to learn in varied settings and different countries was also a great experience. I met and learnt from the best faculty from across the world, preparing me well as a global citizen to encounter challenges in the current competitive environment. The three schools I have been taught were very eventful in their own ways. LSE faculty helped us get a macro picture, gain valuable insights into globalisation, the functioning of WTO, IMF and bilateral institutions, an understanding of the struggles faced by emerging economies and the main casual factors for global recession. NYU Stern provided training on basic accounting, financial management and corporate strategy. Studying at NYU was a challenging experience as we came across very experienced faculty. At HEC Paris, I learnt about branding, marketing, luxury products and valuation. Enjoying the scenic beauty and the river cruise along the Seine with all my classmates still remains an unforgettable experience!

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

— shilpa.vasudevan@newindianexpress.com Copyright © 2012 The New Indian Express. All rights reserved.

newindianexpress.com/education/edex/Top-B-school-alliances/2013/07/29/article1703680.ece?service=print

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8/30/2014

Passport To Business Education Beyond The United States - Forbes

http://onforb.es/GGIFq4 Matt Symonds Contributor

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

LEADERSHIP

10/09/2013 @ 12:01PM

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Passport To Business Education Beyond The United States Comment Now

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

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

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

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

At first sight this may suggest that the appetite for formal business education in the emerging nations is lagging behind, but nothing could be further from the truth. The next generation of professionals and managers is embracing the business school experience enthusiastically, but is still boarding planes to do it. However, in many instances their mid to long term agenda has changed.

Rather than look for a job in their alma mater’s home country, as used to be the case, they are heading home again with their brand new qualification.

Why? Simply because they perceive that this is where the real action, the real opportunity lies, not in the sluggish or ailing economies of the developed world.

Given how much emphasis the Forbes ranking puts on return on investment, how do those who opt to study outside the US approach ROI? While the cost of an MBA program at any of the listed schools can’t help but focus candidates on future earnings, there’s no doubt that overseas schools, and particularly those in Europe, are trying to show that personal success and the wider good are not mutually exclusive. For example, The Skoll Centre at http://www.forbes.com/sites/mattsymonds/2013/10/09/using-the-passport-business-education-beyond-the-50-states-and-dc/print/

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Passport To Business Education Beyond The United States - Forbes

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

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

So it seems that outside the US, despite the gloomy predictions of recent years, the MBA and the growing number of other business masters options are not just surviving, but thriving. Reports of the death of business education have been greatly exaggerated.

The Best International 1-year MBA Programs This article is available online at: http://onforb.es/GGIFq4

2014 Forbes.com LLC™ All Rights Reserved

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Interview

Dean’s column

Can students learn The real deal: meet SirAlex Ferguson’s to be entrepreneurs? a Groupon high-flyer lessons in leadership

FT business education September 16 2013

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

report

Just the job ➔ Employers want graduates who are are mobile, motivated and can be moulded. By Ian Wylie

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Frank Mattern: MiMs offer a valuable add-on to a bachelors degree

than MBAs, but schools and employers specialisation from a range of 30 are keen that the contact time with disciplines. companies is increased.

Peyrache says recruiters like MiM “The link between theory and graduates because they are young, likely practical experience obtained in a to be more internationally mobile and leading international firm is very more able to work hard, learn fast and useful,” says Mattern. take risks.

Consulting firms are big recruiters Eric Waarts is dean of education of MiM graduates. At at Rotterdam School of Management London Business School, in the Netherlands, which offers ‘The link 40 per cent of last year’s an 18-month MSc in International 144 MiM graduates Management with the Cems global between have taken up roles in network of 28 business schools (fees for theory and consulting. A third went all pre-experience MSc programmes into finance, while 28 per are ¤1,835 per year). He also sees a practical cent are working for other growing demand for MiM programmes experience corporates, with media and to deliver depth as well as breadth.

“Our MiM graduates are good analysts, is very useful’ entertainment the most popular destinations. The managers, project leaders and, thanks best-paid graduate from to the Cems network, can work with the one-year, £25,700 MiM earned different cultures and diversities. But £69,000. The average salary was we also hear students say they would £33,000, 74 per cent higher than the like to have a specialisation to show typical UK graduate. managers they have a profile in finance, For now, employers tend to treat the marketing or strategy.”

MiM and MBA talent pools as distinct Many employers are willing to trade markets. MiM graduates off MiM graduates’ lack have a strong reputation of experience for their with companies that youthful enthusiasm, run graduate training says Simon Evenett, who programmes, or banks teaches on both MiM and consultancies and MBA programmes of last year’s looking for analyst-level at the University of St London Business recruits. Hiring of MBA Gallen in Switzerland.

School masters graduates tends to be “The companies who in management more individual, with like MiMs are those who graduates have taken recruiters seeking to fill a want employees who jobs in consulting specific job. are really motivated HEC Paris recently and keen on business welcomed the French but young enough to be arm of McKinsey to its campus. “They moulded by them and embrace their have hired full-time MBAs, partcorporate values,” he says. “But because time MBAs, masters in finance and they are investing more upfront in these MiM graduates because they have young, inexperienced MiM graduates, different needs at any given moment employers may expect them to stick in time,” says Eloïc Peyrache, associate around for longer.” dean of HEC’s two-year, ¤24,000 The St Gallen Masters in Strategy MiM, who says half of his graduates and International Management is an go into finance and consulting. The 18-month programme that includes a programme includes 30 weeks of mandatory international internship and internships and nine months of costs SFr6,378 ($6,827). According to

40%

PHOTO: DREAMSTIME, DIETER MAYR

I

n a difficult job market, masters in management (MiM) degrees have proved a popular alternative to MBAs among students who lack experience and want to make themselves more employable.

MiM programmes are indeed popular with employers, who are eager for young, bright recruits they can shape and develop. So says Frank Mattern, managing partner of consulting firm McKinsey’s German office, which will recruit around 240 new consultants this year.

“These programmes offer a very valuable add-on to a bachelors degree,” adds Mattern. “They provide management knowhow for students with strong analytical skills. The combination of a previous degree in engineering or physical science with a MiM can be very attractive.”

Along with Axel Springer, Bosch, Deutsche Post, Eon and Siemens, McKinsey is one of the recruiters that have promised internships of up to six months for students enrolling on a 22-month, ¤25,000 MiM at ESMT in Berlin that will begin in September 2014. Students will spend at least four months abroad, two months on a teambased field project and have the option to spend another four months working on applied research with supporting companies.

MiMs have typically been more classroom based

Prof Evenett, graduates receive three job offers on average. “The academic rigour of our course appeals to employers who realise that, in general, young people’s attention spans are becoming shorter and their ability to concentrate and absorb multiple-step arguments is not what it was,” he says. “But employers still need graduates who are numerate, literate and able to solve problems.” ➤

Fast track

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➔ From MiM to BMW

A

ndrea Castronovo, Cems alumnus and president of carmaker BMW for central and eastern Europe, was one of the first graduates of the Cems global alliance of business schools in 1990, studying at Bocconi and HEC Paris during his MiM. Having studied international economics, he chose the Cems MiM to add a business perspective.

“It was also a unique offer in Europe at that time: a degree recognised in all European countries, fully operational in three languages and also offering an internship,” he says. “It offered a unique curriculum and also business experience – there was no opportunity to get internships in Italy in the same way.”

One of the most important things he gained was “intercultural awareness” and the ability to work with people from different backgrounds. “There are lots of international programmes now, but in 1990 this was new and exciting, coming out of a vision of a stronger Europe,” he adds.

When recruiting graduates to work in a division spanning 12 countries from Poland to Malta, he looks for “agility” and the ability to adapt to unfamiliar contexts. “The markets that we manage are totally diverse and you have to be able to acknowledge the difference, go straight to the point, respect the culture and tradition… and then try to figure out the BMW way of doing business there.

We are immersed in a multicultural environment.” IW

Pedal to the metal: BMW’s Andrea Castronovo was one of the first Cems graduates in 1990

hopes & fears

Therese espenhain

A moving experience

46

W

altzing beneath the chandeliers of the hofburg palace in Vienna. analysing europe’s asset management market for a consultancy in Milan. organising a student conference in Copenhagen.

Mingling with recruiters from multinationals in Budapest. Doing an internship in Kuala Lumpur. there might appear to be no connection, but one exists: these were some of my experiences as a Cems student.

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

Around the world the international exposure and Therese Espenhain is a the exploration of other cultures strategist at Dong Energy, a intrigued me when I first heard of north European energy group.

Cems during my bachelor studies at Brought up in Denmark, she Copenhagen Business school (CBs) in has an MSc in economics Denmark. I had previously encountered and business administration international environments through my from Copenhagen Business high school diploma, the international School and a Cems masters baccalaureate. Back then, my appetite in international management for exploring other cultures had already from CBS and Bocconi led me to leave the traditional path for university in Milan. a more international one. Being Danish and brought up in Denmark, I was the

f t.c o m / B U S i n e S S e d U c at i o n

odd one out in my class, but I thrived in an environment of mixed nationalities. I found that being in an international environment encouraged me to view things from different perspectives and question my perceptions.

It also taught me awareness of different cultures. nonetheless, I chose CBs for my bachelor’s degree.

CBs offers free tuition, has many international students and exchange programmes and high-quality teaching. the fact that it was part of the Cems alliance provided welcome opportunities for exposure to the international environment I had cherished at school.

From the time I was accepted by Cems until I graduated, I more or less lived out of a suitcase. It often felt like I was taking a degree in time management with the goal of squeezing as many activities, trips and seminars as possible into the calendar, rather than a business degree. I had six addresses in four countries within two years, as well as countless stay-overs at friends’ homes and in hotels. By graduation I had attended courses in Copenhagen, Milan and Dublin and worked in germany, Denmark and Malaysia.

Cems offers a bridge to the corporate world via business projects, careers fairs From the time and highly involved business partners.

I was accepted Workshops held by companies helped me

by Cems until see the world from a corporate perspective and learn skills not typically found on a I graduated, university curriculum, such as interviewing and business communications. these have I lived out of proved invaluable in my professional life. a suitcase Personally, I made friends for life and built an incredible network. I have been part of a community in which students work hard, but are also very sociable. I spent many days working intensely in teams on topics such as valuation models and globalisation strategies, followed by an entire night of dining and socialising. My classmates were driven, inspiring people, with a love of getting the most out of life – but each has a very different profile, background and goals, giving the community a unique atmosphere.

Finally, the supranational character of the alliance creates an internationally recognised degree. It has given my educational profile a solid international foundation with a “glocal” touch – a balance of globally acknowledged degrees and local Danish diplomas.

Looking back on my time as a business student, it has been hectic, challenging, even frustrating, but also rewarding, educational and inspiring. Fortunately, Cems is a lifetime “club”. I know that no matter where my work or travels take me, I will be able to draw on the network, skills and friends I have gained. B

Photo: ty stange

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

8/30/2014

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November 10, 2013 11:01 pm

Master in Management’s popularity rises in the east

By Roland Siegers

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

U

ntil 2008 the world of business education was a relatively simple one. The one leading economic and political superpower had its MBA and the main players in that field were the benchmark for everyone else. Attitudes towards programme design, teaching methods, cohort composition and pricing policy were largely borrowed from the US model.

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

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

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

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

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

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

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

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

But money is not the only factor. It can be argued that the teaching found on MiM programmes lends itself better to the future model of graduate employment – regardless of an individual’s location. When a student’s prime objective for taking a business degree goes beyond the immediate desire for a higher salary and more responsibility at work, teaching in innovative ways and covering less than traditional topics becomes less of a risk for schools. http://www.ft.com/intl/cms/s/2/7954e12e-46dd-11e3-9c1b-00144feabdc0.html#axzz2kPwCg13g

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8/30/2014

Master in Management’s popularity rises in the east - FT.com

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

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

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

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

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2014

01/13/2014

Appeal of master’s in management for current business school applicants | Education Post

educationpost.com.hk http://www.educationpost.com.hk/resources/mba/131211­expert­appeal­master­management­current­business­school­ applicants

Appeal of master’s in management for current business school applicants Is the landscape of global business education shifting? Though the number of students taking the Graduate Management Admission Test (GMAT) is increasing, the demand for MBA programmes seems to be losing pace, with many schools reporting a decrease in applications in comparison to previous years.

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

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

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

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

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

“We are at a turning point where the MBA markets are saturated and the value proposition is questioned, especially in locations where average salaries are lower than elsewhere,” he says. “Because of this, master’s programmes are probably very attractive to Asian families, who may want to see a quicker return on investment on education than having to wait to do the MBA.” CEMS currently has five partner schools in Asia – two of which are in China. Tsinghua University joined the alliance in 2011, closely followed by HKUST, which welcomed the first cohort of CEMS students in August this year. Since its launch 25 years ago, the CEMS MIM now includes 1,053 students from 67 countries, making it bigger than the MBA programmes at the likes of Harvard Business School and INSEAD. If current economic pressures and an unstable job market are making it easier for students to extend their education straight out of their undergraduate studies, this new trend is also being supported by employers.

In their efforts to become internationally competitive, many businesses are increasingly looking to hire pre­ experience graduates with a good knowledge of international business practices and the ability to operate in a range of markets and industries. For others, the combination of management know­how with strong analytical skills from a previous degree in engineering or technology is very attractive. http://www.educationpost.com.hk/resources/mba/131211-expert-appeal-master-management-current-business-school-applicants

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01/13/2014

Appeal of master’s in management for current business school applicants | Education Post

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

This is the case for the newly­launched MiM at one of Germany's leading business schools, ESMT in Berlin. Designed for students with degrees in science, technology, engineering, or mathematics, the programme has attracted the support of companies that include McKinsey, Bosch and Siemens, who have promised internships of up to six months for students on the course beginning in September 2014.

Students will spend at least four months abroad and two months on a team­based field project, and then have the option to spend another four months working on applied research with supporting companies.

Other schools have created specialised master’s programmes which train graduates to work in a particular industry. For example, EMLYON in France offers a specialised master’s in sports and outdoor industry management, designed not only to educate students about the sports industry, but also to allow them to gain a working knowledge of it by involving them in each stage of design, production and marketing. The school has partnered with leading brands such as Salomon, North Face and Rip Curl to design the course.

Students learn the fundamentals of management at EMLYON, and then move to the French Alps for five months of specialisation and internships before completing the course at the school’s Shanghai campus.

The MSc in luxury management follows a similar structure, partnering with the likes of LVMH, Cartier and Hermès.

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

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

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

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

http://www.educationpost.com.hk/resources/mba/131211-expert-appeal-master-management-current-business-school-applicants

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8/30/2014

El auge de los programas MiM | MBA & Educación Ejecutiva - AméricaEconomía Sabado 30 de Agosto de 2014 Registro Newsletter Publicidad Atención Online

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

Autor: Matt Symonds 18/02/2014

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

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

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

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

Roland Siegers es el director general de la CEMS —una red global constituida por 28 instituciones, incluida la brasileña Escola de Administração de Empresas de São Paulo (FGV-EAESP), que se anexionó en 2008.

Estas escuelas ofrecen de forma conjunta un Master in International Management (MIM).

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

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

La alianza CEMS se fundó hace 25 años con la colaboración de cuatro centros académicos europeos. Hoy día, sus 28 instituciones reciben a más de un millar de alumnos cada año procedentes de 67 países, superando así a programas MBA de escuelas tan prestigiosas como la Harvard Business School o INSEAD. Si las actuales presiones económicas y un mercado laboral inestable facilitan que los alumnos continúen formándose recién acabada la carrera universitaria, esta nueva tendencia cuenta también con el favor de los empresarios. En su esfuerzo por ser competitivos en un marco internacional, muchas empresas, no solo las multinacionales, prefieren contratar a licenciados sin experiencia previa, pero con buen conocimiento de las prácticas comerciales internacionales y con capacidad de desenvolverse en distintos mercados y sectores.

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

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

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

"Las empresas que funcionan en el marco de estos entornos internacionales altamente competitivos necesitan directores y gerentes que adapten sus conocimientos a la idiosincrasia de cada mercado", explica Patrice Houdayer, vicepresidente de los programas de máster de la EMLYON. El Master in International Management de la CEMS también tiene una visión internacional, pues exige que los alumnos estudien al menos en una institución asociada extranjera. Así, los matriculados en la FGV brasileña conocen otras culturas, mientras que los estudiantes de otros países hacen lo propio en Brasil. Este requisito les ayuda asimismo a perfeccionar su dominio de la lengua extranjera.

Aunque el inglés continúa dominando los negocios internacionales, la influencia de las economías emergentes en los mercados globales ha propiciado que cada vez más empresarios prefieran contratar a quienes hablan varios idiomas y pueden trabajar con soltura en el seno de otras culturas. Teniendo esto en cuenta, la CEMS garantiza que al completar el programa, sus alumnos hablan una media de tres idiomas.

Brian Rolfes, socio de contratación mundial de McKinsey, afirma que tales destrezas se antojan esenciales en todos los universitarios. Y argumenta: "Comprender los matices culturales y tener la capacidad de conectar con los compañeros, los clientes y la comunidad de un modo afable es lo que distingue a nuestros asesores. Y esa habilidad solo se adquiere hablando el idioma con fluidez".

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

http://mba.americaeconomia.com/articulos/columnas/el-auge-de-los-programas-mim

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EducationSpecial

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

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10

MiM Offers an Alternative for the Ambitious

By Lana Matafonov With the effects of globalization creating a volatile and ever-changing business environment, it’s no surprise that this in turn has affected business education, in terms of both the value and popularity of certain qualifications. While the Master of Business Administration, or MBA, still remains the most recognized management credential, the number of students applying for the program has fallen in recent years in favor of a more accessible and affordable option — the Masters in Management, or MiM, degree.

program are highly valued and are perceived as young professionals who possess a sufficient set of skills to start their career,” she said.

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

“This was one of the reasons why the MiM was a success right from the start in Russia — this generation of students want to gain international experience.

The CEMS MiM guarantees not only that, but is also a seal of quality and

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

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

The recent surge in popularity for the MiM is especially evident in Europe.

From the number of students who sat the Graduate Management Admissions Test, or GMAT, last year, 44 percent applied to MiM programs — an upswing of 23 percent from 2008. In Russia, growth last year was just as significant with 32 percent of GMAT applicants looking to complete a MiM — up from 17 percent in 2008.

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

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

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

The major difference between the two programs is the entry requirements.

The MiM is immediately available to

[proof of] company interaction,“ he said.

However, he added that Russian students face additional barriers compared to their European colleagues.

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

According to Siegers, visa restrictions make it hard for Russian graduates to get jobs, and even internships, in the EU. “On the opportunities side, management salaries and career prospects are currently so good in Russia that ‘domestic’ careers look very attractive,” said Siegers, before adding that most students typically secure jobs before they graduate, many with CEMS Corporate Partners.

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

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

MATT BUCK / FLICKR

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

A Masters in Management offers a fast track to business success for those unable or unwilling to pursue an MBA. Bachelor graduates with little or no work experience whereas the MBA can only be undertaken after at least five to six years of experience. There is also a substantial difference in cost. The MiM is similarly priced to a Bachelor’s program whereas an MBA can cost up to twice that amount.

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

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

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

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

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

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

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

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

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Licenses of 69 Education Institutions Revoked T H E S T. P E T E R S B U R G T I M E S

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Sixty-nine educational institutions have had their licenses revoked, following an investigation by the Federal Inspection Service for Education and Science and the Prosecutor General’s Office.

“In total, 69 licensed educational organizations have been struck off the register. Among them are: the Institute for Socio-Economic Development, the Stavropol Institute of Economics, the International Academy of Education, and numerous branches of the Modern University for the Humanities,” a statement posted on the inspection service’s website said.

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

The announcement about revocations came a day after Prime Minister Dmitry Medvedev signed a

measure changing the way the inspection service will handle violations from educational organizations, like admitting students who have not taken the Unified State Exam.

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

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

The Modern University for the Humanities, headquartered in Moscow, said that none of its branches have been closed by the inspection service. A statement said that the branches’ licenses were revoked automatically due to a lack of necessity, given the university’s use of distance educational technologies.

4/28/2014

Double-degree edge to IIM-Calcutta students - The Times of India

Printed from

Double-degree edge to IIM-Calcutta students Jhimli Mukherjee Pandey,TNN | Apr 28, 2014, 03.13 AM IST

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

From this year, the institute will send students to selected B-schools in Europe, where they will spend an equal number of terms of study as they will on the Joka campus. At the time of graduation, the students will have two separate management degrees - one from IIM-C and the other from the foreign institute.

While this year, the number of such students will be restricted to 15-16, the institute is trying to expand its partnerships so that more students can be offered the opportunity in future.

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

"In a double degree, the selected student will get a master's degree from IIM-C and another from the foreign B-school. He bags two separate certificates. Naturally, a separate degree from the ESCP Paris B-school would catapult the student to greater heights in the job market," explained IIMC dean of academic affairs, Anindya Sen. IIM-C recently adopted a global outlook as a matter of policy to get better international ranking and got itself accredited by AACSB and Amba - two of the most prestigious accreditation agencies in the world. The move to introduce the concept of double degree is being seen as a continuation of that global outlook. Sister IIMs, Ahmedabad and Bangalore, have also got foreign accreditation recently, but are apparently yet to start the double-degree programme.

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

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

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

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5/5/2014

Conclusion without borders - print messages - THE WORLD - THE WORLD

May 5, 2014, 3:56 You can find this article online http://www.welt.de/127570809

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03:05:14

Conclusion without borders International MBA programs require several years of experience and financial reserves. A Master in Management established in younger applicants as an alternative by Kirstin of Elm An international network of high­caliber experts from the business, rich content with a lot of practical experience, study at top universities abroad, plus the chance for a well­paid, international management career ­ this is the typical virtues of classic MBA programs read. Also for Torsten Röwekamp gave these points the rash on course choices. However, the 37­year­ old Düsseldorf no Master of Business Administration (MBA) but a Master in Management (MIM) has made. "I definitely wanted to pursue an international career and needed to a degree that is recognized beyond the German borders," he says.

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

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

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

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

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Conclusion without borders - print messages - THE WORLD - THE WORLD practitioners without economic studies, for example, professionally experienced engineers, computer scientists or scientists with ambitions for a management job. However, in recent years, the boundaries seem increasingly blurring. The admission requirements of the MiM programs already reflect the trend again: Nearly 80 percent of the world's more than 600 MIM degree programs now require no economics undergraduate more, Thomas Graf, founder of the online portal has detected "Master in Management Compass". "The trend in our foreign partner universities is clearly a bachelor's degree in a technical or scientific field plus two year European Master program management," confirms Roland Siegers, Director of the CEMS program.

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

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

© Axel Springer SE 2014 All Rights Reserved

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The Rise And Rise Of The Masters In Management - Forbes

http://onforb.es/1jQ7s76 Matt Symonds Contributor

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

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5/20/2014 @ 5:27AM

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The Rise And Rise Of The Masters In Management Comment Now

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

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

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

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

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The Rise And Rise Of The Masters In Management - Forbes

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

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

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

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

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

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What Are Global Recruiters Looking For In Young Managers? | mba50

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What Are Global Recruiters Looking For In Young Managers?

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Matt Symonds, May 20, 2014

Shell is a corporate partner of CEMS, an alliance of 29 business schools whose top­ranked Masters in International Management graduates over 1,000 young professionals on four continents. Very few CEMS students are studying in a university in a country whose passport they carry, and have embraced and incorporated into their personalities this global mindset and being an ambassador of internationalism. The relationship provides a pipeline of talent that Sanders values for the adaptability and flexibility that their studies have encouraged.

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

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

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

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

BSchools on Social Media We’ve compiled all the Twitter feeds, Facebook pages, Linkedin groups, MBA blogs, YouTube channels and iTunes podcasts of the top b­schools. Click for our listings of b­schools on social media.

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International bschools For the full interview on Forbes, click here.

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

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Ayesha Banerjee

ayesha.banerjee@hindustantimes.com

IIMC – collaborating with the best By becoming the only Indian member of CEMS, an elite club of 28 premier business schools from across the world, 70 multinational companies and four NGOs, the Indian Institute of Management­ Calcutta (IIMC) has come close to realising its vision of becoming an institute of international repute. The highly ranked master’s in international management course (MIM) by CEMS– the Global Alliance in Management Education (formerly the Community of European Management Schools and International Companies) – exposes students to real­life business problems in a global world and the very best of management education offered by some of the top global business schools. In a chat with Professor Ashok Banerjee, dean new initiatives and external relations and professor of finance, IIM Calcutta, we find out more about the programme. What will IIMC gain from this alliance with CEMS? IIMC is part of an elite club of top business schools and multinational companies from across the world, which gives IIMC access to cutting edge developments in the area of management education, recognition of being among the elite in the sphere of management research and education and opportunities of collaboration with the very best schools around the globe.

Professor Ashok Banerjee, dean, new initiatives and external relations and professor of finance, IIM Calcutta IIMC offers selected PGP students the opportunity of pursuing the highly ranked and globally recognised MIM and pass out with two degrees/ diplomas – The PGDM from IIMC and CEMS MIM from CEMS. The institute will also be eligible for participation in the Global Ranking survey conducted by the Financial Times, London. What is the process for getting a CEMS membership? Membership of CEMS is offered by invitation only. CEMS evaluates management Institutions in the countries they are interested in, and offers membership opportunity to one of the best institutions there. A formal evaluation audit by senior faculty from member schools follows. Only when an institution meets the stringent membership http://paper.hindustantimes.com/epaper/showarticle.aspx?issue=89332014080600000000001001&page=15&article=0fd4b717-4cb6-4156-b93a-958b2b4cf97…

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

requirements of CEMS, an MoU is signed and the institution formally accepted as a member of CEMS. One of the requirements for joining the CEMS MIM programme is a 10­week international internship. Does the alliance help students? CEMS require each student to undergo a 10­week international internship. IIMC students who undergo the 10­week summer internship as part of PGP satisify the CEMS requirements.

Additionally, students who at the end of PGP at IIMC, join overseas companies can show first 10­weeks of their job as international internship for CEMS. What is the fee to be paid by students joining CEMS MIM? No extra academic charges are levied on the PGP students – they need to pay Euro 250 for a special curriculum element called Block Seminar and Euro 100 as student handling fees to CEMS head office.

This article was shared by a user of PressReader ­ an online source of publications from around the world. PressReader contains copyrighted material, trademarks and other proprietary information. Receipt of this article should not be interpreted as grant of any licenses express or implied, to the intellectual property of PressReader or publishers of publications presented. PressReader – Connecting People Through News PressReader, 200­13111 Vanier Place, Richmond BC V6V 2J1, Canada Phone: +1 604 278 4604 © 2003­2014 NewspaperDirect Inc. dba PressReader. All rights reserved. Terms of Use: http://www.pressdisplay.com/pressdisplay/showlink.aspx?pageid=ins_terms Privacy Policy: http://www.pressdisplay.com/pressdisplay/showlink.aspx? pageid=ins_privacy

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I fell in love with Paris

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I fell in love with Paris Srinivas Vadrevu, a student of international management at HEC Paris, on bagging a full scholarship, learning to arrive fashionably late for dinner and being a globetrotter

I got the opportunity to study at cole des Hautes Etudes Commerciales de Paris or HEC Paris, a European business school located in the southern suburbs of Paris, France, while pursuing my postgraduate diploma in management at the Indian Institute of Management, Calcutta (IIMCal).

HEC is the business school of ParisTech and is regarded as one of the more prominent business schools in the world.

IIMCal is an academic partner of Cems, an elite club of 28 premier business schools from across the world, and I got the opportunity to pursue a master's degree in international management at any of the elite schools with which IIMCal has a tie up. It is the only Indian member of this renowned alliance of leading global business schools and multinational corporations. As part of the Cems management programme, students are carefully handpicked from IIMCal and provided with the best http://www.telegraphindia.com/1140807/jsp/you/18693097.jsp

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I fell in love with Paris

of global education in international management.

(From top) Srinivas at a dinner with students of HEC Paris; HEC campus; and HEC students at the http://www.telegraphindia.com/1140807/jsp/you/18693097.jsp

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I fell in love with Paris

graduation ceremony

I chose HEC Paris because I found its programme to be well structured. Also, the choice of courses available was quite interesting, better than anywhere else in Europe. In addition, the generous scholarship offered by the French Embassy helped me pursue higher studies in France. It covered my rent, books and laptop allowances, making my term at HEC Paris quite comfortable. Also being awarded the scholarship by the French Embassy was definitely a great matter of pride and honour.

Receiving the award from the French Ambassador was the icing on the cake.

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

The HEC campus life was definitely very exciting. There were facilities to learn horse riding, boxing, salsa, piano or pursue various other extra­curricular activities. I practised boxing and salsa in my free time. Also, the weekly "Party of Weeks", better known as Pows, made life on campus quite fun.

There were 50­odd Indian students and we would often meet for cultural gatherings and lunches.

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

It was quite an experience to live in France. You just cannot help but appreciate the rich culture and tradition of arts, wines and literature. I was truly amazed by the extent to which the French have preserved and fiercely protected their heritage. On a lighter note, I was quite surprised to know from a French friend that one does not arrive on time ( 'heure) for dinner. It is best to err on the side of being fashionably late, that is, 15­20 minutes after the time decided.

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

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

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

How I made it I would advise prospective students to choose universities that align with their career interests and passions Students should do proper research before zeroing in a university It would definitely help if they reach out to current students since it is they who would be able to offer them a better perspective about the institutions and the courses http://www.telegraphindia.com/1140807/jsp/you/18693097.jsp

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8/30/2014

I fell in love with Paris

Students should not let themselves be influenced by the rankings published in different magazines but use their own discretion to pick what's best for them As told to Avijit Chatterjee

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