Executive MBA 2015
NOV
China focus - Rising East gives EMBAs Asian hue - New lineup in world rankings - Scholarship options and course directory
www.educationpost.com.hk/im-nov15
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CONTENTS Event: EMBA Council Conference 2015
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EMBAs gaining popularity in globalising world Ginn Fung
Trends
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Talking to the top
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Business education gets out of the classroom Vickie Chan
China’s rise gives EMBAs an Asian flavour Ginn Fung
Scholarship Ranking
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22
A quick reference to some of the world’s top programmes
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Programme Directory
Revealing the new order Staff reporter
Inside MBA is published by Education Post, South China Morning Post Publishers Ltd. All rights reserved. ISBN: 978-962-8148-48-6
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Event
EMBAs gaining popularity in globalising world
Q&A
Michael Desiderio
MD: M ichael Desiderio, Executive Director, Executive MBA Council GF: Ginn Fung, Editor, Education Post, SCMP GF: What insights did you gain about EMBA programmes from your latest Student Exit Benchmarking Survey? MD: One of the things we like to mention when we’re talking about EMBAs is who is sitting in the classroom. It’s something that differentiates an EMBA from other MBA programmes. Full-time MBA students are usually much younger than EMBA students, and have less work experience. The professor at the front of the room is still important, but so is the sharing that goes on among the folks in the class. The people in the classroom are part of what makes an EMBA valuable. There are also some statistics concerning salaries in the survey. On average, people get a 16.8 per cent raise after taking the course. That doesn’t mean everybody is getting a raise, as it’s an average salary increase taken from 2,300 students. It speaks to the value of the degree. GF: What is the benefit of studying for an EMBA? MD: Put the salary increases and promotions aside for a moment. They are tangible, but there is also something bigger,
The EMBA Council Conference was held in Singapore this year.
which is the result of bring together anything from 40 to 60 people. When you go into an EMBA programme, you are often in a very diverse group. We put marketing executives, executives from non-profits, technology executives, publishers, all in the same room. We immerse them in an environment and hand them a business case to work through together. Our alumni have told us this is not something you can do anywhere else. It has an extreme value. At the other end of the spectrum, some programmes are hyper-focused on a specific market. For instance, there is a programme in the US that’s fully focused on the wine industry. These kind of programmes work because some people are looking for something in a very narrow niche.
a global emba ... SHAKES YOU up, and you get to know the culture
GF: Do you think that more schools will open in China, or form local partnerships with schools there? Going international seems to be a trend. MD: Most EMBA programmes, regardless of where they are located, involve an experiential where they take managers and executives and immerse them in a place away from where the programme is running. They’ll go there for seven to 10 days. It’s more than just going to France to drink wine and eat cheese. It’s about going to visit a business, and that is valuable. Global EMBA programmes are another thing. In these, partner schools move the executives around. They might go to Spain for a week, then Beijing, then somewhere in the US. A global EMBA programme immerses people in a different place for around four weeks. It shakes you up, and you get to know the culture. It is easy to read about how business is done in China, but it’s a different thing to spend some
Executive MBA 2015
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Event
time with Chinese businesses. These global EMBA programmes are picking up steam and gaining popularity. More schools are thinking about them as the world goes global. GF: What do you see as the next big thing for the curriculum? Big data? MD: It’s a great question and we are still trying to figure that out. I don’t see core courses changing any time soon. If you are going to get an MBA, you are probably going to have to study a core of finance, accounting, and marketing. But what other stuff will be wrapped around it? You mentioned business analytics. Well, can you teach that to executives who have been working for 14 years, if they don’t already have that skill set? Can you turn them into experts, or is it about making them aware of it so that they hire experts? We are looking into that, and I expect to have more of an answer about analytics in six months’ time. As for the the next big thing for EMBA, I’m not sure what it is. What we need to do as an industry is listen. I look for signals from the business community. We take our cue from them. GF: What signals are you getting from them now? MD: People are always asking us to do more to shore up leadership skills. That is a nebulous topic. You can train people to do hardcore accounting – debits, credits, and balance sheets. But there’s an argument around whether leadership skills can be taught, as some say they have to be learned on the job. We have a long history of integrating leadership into EMBA programmes, and I don’t see that going away. GF: What does the Executive MBA Council consist of? MD: We are an association of business schools that offer EMBA programmes exclusively. We have 232 business schools in 40 countries that offer 330 EMBA programmes. We are very fortunate. We have been experiencing continued growth, meaning that new schools have been joining us. It is such a privilege to be here in Asia for the first time with this conference. It has gone extremely well, and the local schools have helped us immensely. When you go to a new place with a big show like the Executive MBA Council Conference, you never know if people are going to support you. But they have.
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Kellogg-HKUST Executive MBA Program
Programme Summary Ranked No. 1 in the world for 6 times in the past 9 years by the Financial Times, the Kellogg-HKUST Executive Master in Business Administration Program capitalizes on the strengths of the Kellogg School of Management and the HKUST Business School. Participants not only learn from top-notch faculty but also from a student body with extremely diverse backgrounds, industries, and nationalities. The program creates a unique and truly exceptional environment, in which top-notch professors from the world’s leading business schools share their insights with an elite group of executive participants. Each year, our seven strategic global locations become home to students who have already proven themselves in their chosen fields of business endeavors. Typically, these participants are looking to be challenged further, and to interact with like-minded individuals from around the globe who share their business ambitions and their appetite for success. Ranking No. 1 in the world for 6 times in the past 9 years No. 2 EMBA program in the world (2015) (Source: 2007 – 2015 EMBA Survey by the Financial Times) Programme Schedule The program starts with one live-in week at HKUST, followed by 10 monthly modules. Each module has 2 consecutive weekends (from Friday afternoons to Sundays). In the course, participants have to take 2 consecutive live-in weeks at the Kellogg campus and a oneweek global elective at one of our sister campuses. Program Commencement January 2016 Mode of Delivery Part-time
Contact: Kellogg-HKUST Executive MBA Program HKUST Business School Lee Shau Kee Business Building
Duration of Programme 18 months
Hong Kong University of Science and
Language of Instruction English
Clear Water Bay, Kowloon, Hong Kong
Programme Fee HK$ 1,250,000/ US$ 161,200 for 2016 intake
Technology Tel: (852) 2358 4180 Email: emba@ust.hk www.emba.ust.hk
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Trends
China’s rise gives EMBAs an Asian flavour Text: Ginn Fung Photo: Reuters
The rising power of China’s economy, the world’s second largest, means that business schools around the world are putting an Asian emphasis on their executive MBA programmes. Schools and universities in Europe and North America are seeking links with colleges in Asia, to add an Asian flavour to the courses they offer students who are keen to exploit the new opportunities in the east. Schools taking part in the Executive MBA Council Conference in Singapore, which took place October 25 to 28, demonstrated a growing interest in forging links with Asia’s dynamic economies. Håkan Ericson is managing director of the school of executive education at the school of business, economics and law at Sweden’s University of Gothenburg, which has a longstanding co-operation with Asian colleges, including Zhejiang University in Hangzhou and Shanghai Jiao Tong University.
Håkan Ericson
“We do exchanges,” Ericson says. “We exchange students, and we exchange professors. We have chosen to integrate this into our executive and day programme by sending our participants in groups of 20 to 25 for a 10-day residency. They go to Hangzhou and Shanghai for five days each. Sweden is a small economy which is highly dependent on trade and an openness to the world. We feel that acquiring a profound understanding of emerging markets is vital for any Executive MBA, and will continue to be so for many years.” Ericson says the students relish the opportunity to experience Chinese business culture, and Chinese culture in general. “I went with a law cohort in April this year, and spent the whole 10 days with them,” he says. “They get to see Chinese faculty professors lecturing, and we also do field trips. We go to Chinese companies to understand how they operate, and find out how those operations
Executive MBA 2015
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Trends
might impact Swedish multinational companies, or Swedish local companies.” Ericson says that some of the students are entrepreneurs. “Our cohorts reflect the nature of regional business in Gothenburg. On the one hand, we have big companies producing cars, trucks, roller ball bearings, and pharmaceuticals. We have Volvo, which is now owned by Geely in Hangzhou, and AstraZeneca, the UK-Swedish pharmaceuticals company. On the other hand, we have medium-sized companies, and also some entrepreneurs. So we have a good blend.” Ericson says some of the students enrol on the EMBA programme because they have an interest in Asia. “This year, in the latest cohort, we have a guy who lives in Stockholm, the Swedish capital. There are executive MBA programmes available there, but he chose to travel to Gothenburg because of the Asian flavour of our programme, and that is very rewarding for us.” Ericson adds that the school is about to venture into areas which are the focus of the EMBA Council conference, including co-delivery and co-operation. “It’s not quite official yet, but we are looking at co-operating, even at EMBA level, with another university in opening up parts of the curriculum as open courses for students to pick and choose,” he says. But Ericson stresses that the school is keen to maintain a Nordic focus in its EMBA programme, to balance the Asia emphasis. “We believe that, in firming up, we will definitely keep the Asian focus of our programme, but we will also keep the Nordic focus. We think that is interesting too. The Nordic-Asian balance is important to us. What characterises the Nordic cultures is design, entrepreneurship, innovation, corporate social responsibility, and intellectual property management, which are areas where we are strong in research at our school. We let that reflect the way we design the executive MBA programme.” Elmer Almachar, director, Executive MBA Program, at Kellogg School of Management, in the US, is another firm believer in forging strong Asian links.
WE ARE LOOKING FOR WAYS TO INCREASE AND CREATE VALUE IN THE ASIAN REGION FOR ALL OF OUR STUDENTS
The Kellogg EMBA is run in conjunction with schools around the world, including Hong Kong University of Science and Technology (HKUST) business school. This year it retained second place in the Financial Times Executive MBA rankings.
Elmer Almachar
“Asia is hugely important. China is hugely important,” Almachar says. “One of the things that we have learned is how much of a driver China is going to be in the development of the Asian region. “If you run the numbers, you can see that the number of programmes that have started in Asia in the last 25 years has increased by about sixfold. Meanwhile, in North America the increase has been about 1.5. So there is a definite shift into the Asian region. I think from the Kellogg perspective; we are always looking to create value for the students. Because Asia is such an important part of what the new global economy is going to look like in the 21st century, we are looking for ways to increase and create value in the Asian region for all of our students. “When we first started these partnerships some 20 years ago, it was with the implicit recognition that the world would have to be interconnected. So every successive new partner has brought something new to Kellogg, and to the experience that our students have,” Almachar says. “So, in some ways, the direction we are going in is part of what we have always been doing. In the past 20 years we have been so much more global,” Almachar adds. “I can’t think of another set of partnerships that spans the globe. There are logistical challenges to that. We are talking about partners in Europe and Israel, HKUST, and the US – we also have a campus in Miami. That adds up to a tremendous amount of experience available to our students. And it’s all layered. “It’s all about the exchange. In some ways, it is exactly what this conference [EMBA Council Conference] is about. That is, the interaction between all these diverse perspectives in a culture and an atmosphere which is really about engagement and sharing, and living with each other. That is the direction that Kellogg is going in. We are going to become even more global in some ways, and continue that tradition,” says Almachar.
Executive MBA 2015
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Ranking
Revealing the new order Text: Staff reporter
The Kellogg-HKUST (Hong Kong University of Science and Technology) Business School EMBA has retained the number two spot in the 2015 Financial Times Executive MBA rankings. The new champion is the Tsinghua-Insead EMBA, known as the Tiemba, taught on Tsinghua’s Beijing campus and in France, Singapore, and the United Arab Emirates. It is the first programme including a mainland business school to occupy the top position, having wrested it from the Trium Global EMBA, offered in France, the United Kingdom and the United States, However, the Kellogg-HKUST EMBA was top for the highest average salary earned by alumni, at US$408,431, compared to US$324,115 for the Tiemba, the runner-up. Kellogg-HKUST, which topped the 2013 FT world rankings, came second for work experience behind the Trium Global EMBA. For the fourth year in a row, the top five places in the rankings were held by the same five intercontinental EMBAs, with the EM-
Kellogg/HKUST EMBA still number two and tops salary ranking
BA-Global Americas and Europe programme offered by Columbia and the London Business School, and the UCLA-NUS run in the US and Singapore by UCLA: Anderson and the National University of Singapore, in fourth and fifth spot respectively. Two newcomers to the top 10 were the Global EMBA run by Spain’s IE Business School, and the Oxford EMBA taught by the University of Oxford: Saïd, which were eighth and nine respectively, with the Oxford programme having jumped 11 places on last year. Another newcomer was the programme run by Shanghai Jiao Tong University: Antai, which was joint 10th with Singapore’s Nanyang Business School. The University of Chicago: Booth EMBA, which is also taught in London and Hong Kong, fell one place to twelfth spot. Further down the rankings, the CUHK (Chinese University of Hong Kong) Business School EMBA came 31st, down seven places on last year, while the HKU-Fudan IMBA offered by the University of Hong Kong, finished 58th, a drop of nine places. Executive Inside MBA MBA 2015
Ranking
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2015 2014
School name
1
3
Tsinghua University/Insead
2
2
Kellogg/HKUST Business School
3
1
Trium: HEC Paris/LSE/New York University: Stern
4
5
Columbia/London Business School
5
4
UCLA: Anderson/National University of Singapore
6
7
Washington University: Olin
7
9
Insead
8
13
IE Business School
9
21
University of Oxford: Saïd
10=
8
Nanyang Business School
10=
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Shanghai Jiao Tong University: Antai Source: FT
The FT EMBA ranking rates the best 100 programmes worldwide for working senior executives. The rankings are based on a survey of business schools as well as students who graduated in 2012. The data measures how successful alumni have been in their careers in terms of salary, seniority and achievements.
Overall, starting a company ranked lowest among the reasons cited for undertaking an EMBA. Instead, students’ main motivating factors were learning about management, networking and boosting earnings, although 26 per cent had started their own company during their EMBA or since graduating. A whopping 93 per cent rated their new skills as important or very important in their decision. Another key factor to EMBA entrepreneurs was the support of their school and alumni network, with around three in four considering both to be helpful or very helpful. Entrepreneurs in Asia and Oceania seem to be the most successful, with 48 per cent earning most of their income from their company, as well as earning the highest salary – an average of US$251,000.
main motivating factors were learning about management, networking and boosting salary
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Global finance centres offer EMBA-Global Asia students triple boost
The majority of the programme’s core course block weeks are in Hong Kong with additional blocks in New York, London and a final week in Shanghai. Faculty from all three schools fly to each city along with the students. In the second year, there is a required international seminar, which might be in Europe, South Africa, South America or elsewhere. And when it comes to picking seven electives, the choice can be from any of the topics and locations offered by each of the three schools from their various MBA and EMBA programmes.
John Cremer
By simply being able to draw on the resources of three leading business schools in the world’s top three financial centres, the EMBA-Global Asia offers something special. From the outset, high-flying executives signing up for the programme know they will get first-rate teaching from faculty members who are experts in their respective fields, along with a wide choice of electives, challenging international assignments, and great networking opportunities. But the programme, which is run by the University of Hong Kong (HKU) Business School in partnership with London Business School and New York’s Columbia Business School, is also constantly evolving to keep pace with the times and respond to issues of increasing importance to the wider community. “Things change so quickly, so in each course or elective, teachers make a point of bringing in the latest trends and themes,” says Dave Evers, Director of Admissions and Business Development for the EMBA-Global Asia programme. “Those might relate to management practices, the regulatory environment, social responsibility, technology, or business ethics. Besides which, the diversity of backgrounds and nationalities in each cohort, as well as the chance to spend time with groups in other cities, means there are tremendous opportunities to learn about the latest developments in different industries from classmates and new acquaintances.” In the first year of the 20-month programme, students take 12 core courses covering subjects that range from finance and marketing to organisational structure and strategy. Early on, one course on executive leadership deals with communication skills and teamwork includes a 360-degree survey to ensure that, when formed into study groups, individuals can quickly build understanding and cooperate effectively.
Some students may opt to do most of their electives in one city, with a particular emphasis on finance, entrepreneurship, or Asia-related topics. Others, though, will prefer to mix and match, taking advantage of the chance to branch out and broaden their scope. “With the contacts and resources at our disposal, we can also invite senior executives of leading multinationals and other influential figures to discuss the issues of the day in a neutral environment,” Evers says. “Such people can talk openly if they know they are “off the record” and will give thoughtful and original perspectives on what is happening in the world today.” The class size for the EMBA-Global Asia is capped at 50, with a view to giving all students the opportunity to speak up in discussions and participate fully. One objective of the discussion is to get students to see that business is not just about making money and increasing profits. It should also be about giving something back to society and being prepared to address issues like inequality and the problems associated with capitalism. The next intake will start classes in May 2016, but anyone interested in applying should be taking steps in the next few weeks to meet the initial December 31 scholarship deadline. Regular information sessions provide a chance to meet faculty members, current students and alumni, and staff overseeing the admissions process. Some scholarships are available for self-funded candidates who do not benefit from company sponsorship. “You need to commit to the first year and get through the core courses,” Evers says. “But, if extra time is needed to complete the electives, then we can allow up to five years from the date you were admitted.” Recently, the programme has also made a commitment to offer more career services, recognising that a fair proportion of students take the EMBA-Global Asia with an eye to a career switch or a major change of direction. Students now have access to a special LinkedIn site and, if looking for a new role in another part of the world, can get job-search support from any of the three schools. “Everyone taking the programme becomes part of a huge alumni network, which is growing fast in Asia,” Evers says. “There are also regular social events to help bring people together.”
Programme: EMBA-Global Asia Institutes: London Business School, Columbia Business School and The University of Hong Kong Date of Commencement: May 2016 Deadlines: Round 1- 31 December 2015 (scholarship deadline) Round 2- 15 February 2016 Round 3- 31 March 2016 Tel: 3962 1262 Email: asia@emba-global.com Website: http://www.emba-global.com/asia/
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Talking to the top
Alan White, MIT Sloan School of Management
Business education gets out of the classroom Text: Vickie Chan Photo: Jonathan Wong That China has changed a lot in the last two decades isn’t hard-hitting news. But in that time, business has changed immensely too, from the way we do it, to the kind of companies on the market and what makes them successful. This year, MIT Sloan School of Management is celebrating 20 years of experience in the MIT-China Management Education Project. To mark the occasion, Alan White, Senior Associate Dean Emeritus and Senior Lecturer Emeritus, speaks about his experience in the changing landscape of business education and how China – and the world – are evolving. “Education can add value to your career at many stages throughout your life,” says White, who believes leadership potential can always be improved with management training. The MIT Sloan School of Management offers various courses, from an MBA or MFin that suits graduates and those in their early 30s, to a mid-career programme such as the EMBA, which attracts those in their late 30s and early 40s.
There are obvious advantages to business education, with networking at the top of the list. White advises that diversity will always help you to stand out. Yet despite the slew of skills that many attribute to their MBA experiences, such as understanding strategy or accounting better, White has another idea. “Business education is something you do, not something that happens.” And he doesn’t mean that there are advantages in actively pursuing education; he means get out of the classroom. Business education is no longer a classroom experience. Part of MIT Sloan School of Management’s experience includes consulting assignments under the mentorship of a faculty member. In the Lab project, MIT Sloan students partner with international MBA students from five partner schools to address business issues at host companies in China. The teams visit the companies each spring to work on-site with their Chinese IMBA teammates. Likewise, the Chinese IMBA students spend a week at MIT Sloan. “We believe that education should stick. If it’s action oriented it can have a real impact,” White says.
business education is something you do, not something that happens
About 4 per cent of MIT Sloan School of Management’s MBA students are from mainland China, while a stunning 52 per cent make up the MFin programme. White is impressed by how fast things have changed in China over the past 20 years. The change is reflected in the development and adjustment of course structures with partner universities Fudan University, Lingnan (University) College at Sun Yat-sen University, Tsinghua University and Yunnan University. The most important trend White has experienced in business education has hit home in China, too. “Globalisation is so important. In education, it’s about communication, being able to think outside your country – as a business – even if your target market is local,” he says. With entry barriers lower – and competition much higher – White says every business has the potential to be global – and so does education. And although education opportunities between Asia and the west are levelling, White believes globalisation might hugely increase the number of expats working overseas. “Imagine an international marketplace of talent where nationality is irrelevant. I think globalisation will move people around, and that will be considered desirable.” Executive Inside MBA MBA 2015
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Talking to the top
Meanwhile, entrepreneurship is an important trend that is proving challenging to business education. While MIT’s engineering and business students benefit from one another’s expertise, publicised success stories like Apple and Google – or Dropbox, the cloud storage company that developed out of MIT, and was valued at US$10 million over a year ago – have changed the way graduates from around the world think. “People are less oriented towards a corporate culture, they want independence instead of a single career for their whole lives,” White says. The difficulty is that there are no academic rules for teaching entrepreneurship – or leadership. “It’s not about being trained – so we rely on outside speakers with experience to come in. It’s another reason for experiential learning,” White explains, adding that while China is ripe for entrepreneurs, opportunities are lacking. Changes like this show that schools are led by markets – having to interpret and then change curriculum accordingly – otherwise management education could lose its importance. And institutions have to keep up with demand from students. If anything is preventing Chinese universities from catching up with schools like MIT, it’s the model they’re run on and not a lack of facilities. “China inherited a Russian model where research is done in academies and not in faculties,” White explains. “The faculty are so busy teaching that they can fall behind in their knowledge because they aren’t out living and working in the real world.” In the west, faculties have a lot of power and, effectively, administration is there to serve the faculty. In China, it’s the other way around. “If you don’t have a research-based faculty you won’t have a truly global school,” White states, adding that in China universities rely on outside speakers to communicate this understanding to students. Nonetheless, White’s advice for those who want to make a move is experiential. “The field is more level, especially between east and west, so I would advise you to get as much experience as you can in the environment you’re going into – not just in education – before you go for the job.”
If you don’t have a research-based faculty you won’t have a global school
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Scholarship
Illustration: Shutterstock
A quick reference to some of the world’s top programmes EMBA helps entrepreneurs and executives boost their knowledge and social networking. Yet it is by no means cheap, and this is why many people hesitate, or even rule out taking it and look instead for other alternatives, if they are not financed by employers. However, the good news is that, according to a recent report by the EMBA Council, more than 50 per cent of EMBA programmes worldwide do provide scholarships or fellowships. For your reference, the list below includes some of the world’s most popular and well-known programmes.
Trium: HEC Paris / LSE / New York University: Stern Scholarship Name
Amount
Conditions
Audience
TRIUM Scholarship For UN Staff Members
Up to 50% of tuition
Open to all candidates, with priority given to women from developing countries with at least 15 years’ professional experience.
UN Staff
Kellogg / HKUST Business School Scholarship Name
Amount
Conditions
Audience
Scholarship for Leaders from Nonprofit Organisations
Must have strong background and interest in NPO work. Required to remain in nonprofit sector for an agreed period after graduation.
Nonprofit
Scholarship for Entrepreneurs
Awarded to candidates who show entrepreneurial spirit and have been involved in setting up their own business.
Entrepreneurs
Scholarship for Leaders in Emerging Market
Must be from an economy classed as an emerging market, show history of high academic achievement.
Emerging Countries
Scholarship for Women
For female candidates demonstrating leadership potential, with track record of increasing gender diversity.
Women
Conditions
Audience
Ideal candidates are senior directors at qualified nonprofit organisations.
UN Staff
Washington University: Olin Scholarship Name
Amount
Nonprofit Scholarships
Nanyang Business School Scholarship Name
Amount
Conditions
Audience
Aviation & Air Transport Track
Up to S$30,000
Singaporean residents from qualifying companies that derive at least 30% of revenue from aviation.
Singapore/Aviation
Shipping & Offshore Management Track
Up to S$40,000
Singapore residents working in maritime-related entities.
Singapore/Maritime
Scholarship Name
Amount
Conditions
Audience
ADEC Executive Fellows Fund
Up to US$30,000
Must be self-financed and accepted.
All
INSEAD GEMBA Scholarship for Women
Awarded to women for significant achievements in their professional lives
Women
INSEAD GEMBA Scholarship for National Diversity
Must be self-financed. Preference given to those from emerging and developing countries.
Emerging Countries
INSEAD GEMBA Scholarship for Public Diversity
Merit-based for accepted candidates working in NGOs, government, nonprofit and educational institutions.
Nonprofit
INSEAD GEMBA
For accepted candidates who demonstrate significant difficulty in raising finances for the programme.
INSEAD
CEIBS Scholarship Name
Amount
Conditions
Audience
Global EMBA Public Service Scholarship
Up to 30% of tuition
Must be working for NGOs, government or nonprofit
Nonprofit
Global EMBA Entrepreneur Scholarship
Up to 30% of tuition
Must have shown entrepreneurial spirit in starting own business.
Entrepreneurs
Global EMBA International Scholarship
Up to 30% of tuition
Strong international career.
Executive MBA 2015
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Scholarship
IESE Scholarship Name
Amount
Conditions
Audience
Excellence Scholarship
Must demonstrate academic merit and brilliant professionalism.
All
Woman Talent Scholarship
Must be female with high leadership potential.
Women
Entrepreneurship Scholarship
Must have launched, or be launching, a new business.
Entrepreneurs
Oxford Saïd Scholarship Name
Amount
Conditions
Audience
Oxford EMBA Scholarship for Women
£32,000
Must be an outstanding female candidate based on breadth.
Women
Oxford University Alumni Scholarships
50% discount on course fee
Must be graduate of the University of Oxford.
Oxford Graduates
Scholarship Name
Amount
Conditions
Audience
Schumpeter Leadership Scholarship
10% of tuition
Must be accepted applicant working in nonprofit sector or for an NGO.
Nonprofit
WHU Brain Capital Financing Solution
50% of tuition
Must make a commitment to reimburse the loan in its entirety over a certain period of time depending on each individual’s income level following graduation.
Kellogg-WHU
London Business School Scholarship Name
Amount
Conditions
The Gallifrey Scholarship for Social Enterprise
£20,000
Must be accepted applicant with background in social enterprise.
The LBS EMBA (Dubai) Scholarships
Up to US$31,000
Must be self-funding applicant. Awarded on basis of future professional and leadership potential, demonstrated by track record of success proven by EMBA application and interview.
Dubai Executive Office Scholarship
Audience
Must be self-sponsored UAE candidate, who can prove commitment to promoting LBS in the UAE through ambassadorial work.
UAE
Executive MBA Scholarship for Women
Up to 50% of tuition
Must be female candidate with proven track record of success, demonstrated by EMBA application and interview.
Women
Celia Atkin Avent Scholarship
Up to 50% of tuition
Open to British female candidates who have achieved success through determination, ambition and motivation.
UK Women
Scholarship Name
Amount
Conditions
Audience
Allianz Scholarship Funds
€57,500
Must be strong candidate for ESMT’s EMBA programme: Scholarships will be awarded to those who function as Social Impact Multipliers.
All
Alumni Network Fellowship
Full tuition and fees
Must be outstanding applicant with a background in the nonprofit sector, with plans to remain in this sector after graduation.
Nonprofit
Global Women’s Scholarship
Up to 50% tuition
Must be a female candidate who demonstrates outstanding professional and academic merit.
Women
ESMT Americas Scholarship
Up to 50% of tuition
Must be resident of South, Central or North American country, who can demonstrate strong intention to promote business development and pursue professional options in Latin and/or North America.
South, Central and North Amercian Candidaes
ESMT
ESMT Central and Eastern Europe Scholarship
Up to 50% of tuition
Must be resident of Central or Eastern European country, who can demonstrate strong intention to promote business development and pursue professional options in Central and/or Eastern Europe.
Central and Eastern European Candidates
ESMT Africa Scholarship
Up to 50% tuition
Must be resident of African country, who can demonstrate strong intention to promote business development and pursue professional options in Africa.
African Candidates
ESMT Middle East and Central Asia Scholarship
Up to 50% tuition
Must be resident of Middle Eastern or Central Asian country, who can demonstrate strong intention to promote business development and pursue professional options in Middle East and/or Central Asia.
Middle Eastern and Central Asian Candidates
Tagesspiegel Entrepreneur Scholarship
€40,000
Must have founded their own start-up or have solid plans to do so.
Entrepreneurs
Scholarship Name
Amount
Conditions
Audience
University of Cambridge Employee Sponsorship
80% of tuition
Must hold senior management position within the University of Cambridge, with permanent employment contract.
University of Cambridge Employees
Cambridge Judge
Cass Business School Scholarship Name
Amount
Conditions
Audience
Women in Business Scholarship
£10,000
Must be a female candidate who demonstrates outstanding achievement to date and shows the potential to achieve great success during and after the programme.
Women
Academic Excellence Scholarship
£10,000
Must have achieved a 2.1 or 1st class undergraduate degree (or equivalent) or Merit or Distinction MSc/PhD (65% or above) and complete essay.
All
Entrepreneurship Scholarship
£10,000
Must demonstrate exceptional entrepreneurial flair when creating and running a successful or growing business venture.
Entrepreneurs
Islamic Finance Scholarship
£10,000
Candidate must take all three Islamic Finance electives, and complete scholarship essay.
MENA Scholarship
£10,000
Must be a MENA citizen who is underprivileged and would like to make a contribution to the region, and complete scholarship essay.
Middle Eastern and African candidates
Scholarship Name
Amount
Conditions
Audience
The One-Year Executive MBA Fellowship Award for Nonprofit Managers
CDN$10,000
Must demonstrates a strong record of management achievement in one of the following nonprofit sectors: social services, arts and culture, sports and recreation, international development, healthcare, or education.
Nonprofit
Dean’s Executive MBA Award of Merit for Professional Advancement
CDN$10,000
Must demonstrate leadership and exceptional job performance resulting in promotion, award(s), and/or recognised achievement.
All
Academic Director’s Award for Women Managers
CDN$10,000
Awarded to a student entering the One-Year Executive MBA Program who has achieved academic excellence at a graduate level.
Women
Associate Dean’s Award for Academic Excellence
CDN$10,000
Awarded to a student entering the One-Year Executive MBA Program who has achieved academic excellence at a graduate level.
All
The One-Year Executive MBA Award for Leadership
CDN$10,000
Awarded to a student who currently holds a leadership position responsible for the supervision and mentoring of a team of colleagues to achieve future management positions. Must also provide a written reference.
All
The One-Year Executive MBA Award for Small to Medium Enterprise Managers
CDN$10,000
Awarded to a student who has a strong record of managerial achievement in a small-to-medium enterprise (defined by Statistics Canada as any business establishment with up to 499 employees, and less than C$50 million in gross revenue).
Entrepreneurs
Toronto Rotman
Source: topmba.com
Executive MBA 2015
26
Programme Directory
School Name
Country
Course Name
WU (Vienna University of Economics and Business)/ University of Minnesota: Carlson
Austria
Global EMBA
Antwerp Management School
Belgium / Russia
EMBA
Vlerick Business School
Belgium
EMBA
Coppead
Brazil
EMBA
Kellogg / York University: Schulich
Canada
Kellogg-Schulich EMBA
Queen's University: Smith
Canada
Queen's EMBA
University of Alberta/University of Calgary: Haskayne
Canada
Alberta-Haskayne EMBA
University of Toronto: Rotman
Canada
Rotman EMBA
Western University: Ivey
Canada / Hong Kong
Ivey EMBA
Arizona State University: Carey
China
Carey / SNAI EMBA
BI Norwegian Business School/ Fudan University School of Management
China
BI-Fudan MBA
Ceibs
China
Ceibs Global EMBA
Fudan University School of Management
China
Fudan EMBA
Renmin University of China School of Business
China
EMBA
Shanghai Jiao Tong University: Antai
China
EMBA
Tsinghua University / Insead
China / Singapore / UAE / France
Tsinghua-Insead EMBA
Washington University: Olin
China
Washington-Fudan EMBA
CUHK Business School
China / Hong Kong
EMBA
Kellogg / HKUST Business School
China / Hong Kong
Kellogg-HKUST EMBA
University of Hong Kong
China / Hong Kong
HKU-Fudan IMBA
University of Hong Kong / LBS / Columbia
China / Hong Kong
EMBA Global Asia
Copenhagen Business School
Denmark
CBS EMBA
Aalto University
Finland / S. Korea / Singapore / Poland
Aalto EMBA
EMLyon Business School
France
EMBA
ESCP Europe
France / UK / Germany / Spain / Italy
European EMBA
Essec / Mannheim
France / Germany
Essec & Mannheim EMBA
Grenoble Graduate School of Business
France
Part-Time MBA
Insead
France / Singapore / UAE
Insead Global EMBA
Kedge Business School
France / China
Kedge-SJTU Global MBA
Trium: HEC Paris / LSE / New York University: Stern
France / UK / US
Trium Global EMBA
ESMT - European School of Management and Technology
Germany
ESMT EMBA
HHL Leipzig Graduate School of Management
Germany
Part-Time MBA
Kellogg / WHU Beisheim
Germany
Kellogg-WHU EMBA
University College Dublin: Smurfit
Ireland
EMBA
SDA Bocconi
Italy
EMBA
OneMBA
Netherlands / US / Brazil / Mexico
OneMBA: RSM/UNC/FGV S茫o Paulo/Egade
Rotterdam School of Management, Erasmus University
Netherlands
EMBA
Tias Business School
Netherlands
EMBA
Centrum Cat贸lica
Peru / Colombia
Global MBA
Kozminski University
Poland
EMBA
Nanyang Business School
Singapore
Nanyang EMBA
National University of Singapore Business School
Singapore
NUS Asia-Pacific EMBA
University of Pretoria, Gibs
South Africa
Modular & Part-Time MBA
Korea University Business School
South Korea
EMBA
Yonsei University School of Business
South Korea
Corporate MBA
Iese Business School
Spain
GEMBA
IE Business School
Spain
Global EMBA
Stockholm School of Economics
Sweden
SSE MBA
IMD
Switzerland
EMBA
Website
Fee
Duration
www.executiveacademy.at
emba@wu.ac.at
€45,200
15 months
www.antwerpmanagementschool.be
info@antwerpmanagementschool.be
€31,500
24 months
www.vlerick.com
info@vlerick.be
€37,000
18 months
www.coppead.ufrj.br
atendimento@coppead.ufrj.br
-
-
www.schulich.yorku.ca
emba@schulich.yorku.ca
CDN$115,000
18 months
smith.queensu.ca/mba_programs/index. php
cqemba@queensu.ca
CDN$98,000
16 months
http://haskayne.ucalgary.ca/programs/ emba/Alberta-Haskayne-EMBA
louise.macdonald@haskayne.ucalgary.ca
CDN$64,500
20 months
www.rotman.utoronto.ca/Degrees/MastersPrograms/MBAPrograms/ExecutiveMBA. aspx
emba.admissions@rotman.utoronto.ca
CDN $111,000
13 months
www.ivey.ca
info@ivey.ca
CDN $99,000
15 months
wpcarey.asu.edu/mba
wpcareymba@asu.edu
US$78,500
21 months
www.fdsm.fudan.edu.cn/en/nwmba/
studier@bi.no
RMB$298,000
24 months
www.ceibs.edu
emba@ceibs.edu
RMB$608,000
20 months
www.fdsm.fudan.edu.cn
fdsm@fudan.edu.cn
-
24 months
www.ruc.edu.cn/en
emba@rbs.org.cn
-
-
www.acem.sjtu.edu.cn
iceo@sjtu.edu.cn
RMB$568,000(Chinese Class) / RMB$588,000(International Class)
24 months
http://tsinghua.insead.edu/
emba.candidates@insead.edu / tiemba@ sem.tsinghua.edu.cn
US$100,000
18 months
www.olin.wustl.edu/prospective/mba.cfm
mba@olin.wustl.edu
RMB600,000 / US$97,000
18 months
www.emba.cuhk.edu.hk
bafac@cuhk.edu.hk
HK$489,600
24 months
www.bm.ust.hk/emba/
emba@ust.hk
HK$1,250,000 / US$161,200
18 months
www.mba.hku.hk
mbaadmissions@hku.hk
RMB$298,000 (General Stream) / RMB$358,000 (Executive Stream)
24 - 48 months
www.emba-global.com
asia@emba-global.com
US$160,440
20 months
www.cbs.dk/emba
cbs@cbs.dk
DKK 425,000
20 months
www.aalto.fi
info@aaltoee.fi
€43,800
20 months
www.em-lyon.com
info@em-lyon.com
€39,750
10 - 20 months
www.escpeurope.eu
info.fr@escpeurope.eu
€51,000
18 or 30 months
www.essec-mannheim.com
ma.emba@essec-mannheim.com
€49,500
18 months
www.insead.edu
communications.fb@insead.edu
S$169,000 (Asia Section) including 7% GST / US$110,000 (Middle East Section) / €102,000 (Europe Section)
14 to 17 months
www.aemba.com.cn/en/emba
info@kedgebs.com
RMB$588,000
24 months
www.triumemba.org
info@triumemba.org
US$169,500
17 months
www.esmt.org
degrees@esmt.org
€57,500
18 months
www.kellogg.whu.edu
beate.allar@whu.edu
€79,000
21 months
www.ucd.ie/smurfitschool
mba@ucd.ie
€15,350 (pa)
24 months
www.sdabocconi.it/en
info.mba@sdabocconi.it
€39,000
21 months
www.onemba.org
emba@unc.edu
€60,000 (Netherlands) / US$112,270 (US) 21 months / R$146,850 (Brazil) / US$60,500 (Mexico)
www.rsm.nl
info@rsm.nl
€47,000
22 months
www.tias.edu
L.vanbokhoven@tias.edu
€42,500
24 months
www.centrum.pucp.edu.pe
centruminformes@pucp.edu.pe
S$116,800
19 months
www.kozminski.edu.pl
-
US$14,400
18 months
www.nbs.ntu.edu.sg
nbsmarcom@ntu.edu.sg
S $95,000 (+ 7% GST)
14 - 30 months
bschool.nus.edu
askbiz@nus.edu.sg
S$95,000
15 months
www.gibs.co.za
info@gibs.co.za
R$198,500 (excludes the global module fee)
24 months
biz2.korea.ac.kr
jangya@korea.ac.kr
-
24 months
mba.yonsei.ac.kr
mbaprogram@yonsei.ac.kr
-
24 months
www.iese.edu
mbainfo@iese.edu
€99,000
16 months
www.ie.edu
admissions@ie.edu
€72,200
15 months
www.hhs.se
info@hhs.se
SEK$465,000
18 months
www.imd.org
info@imd.org
CHF$105,000
15 months
Executive MBA 2015
28 28
Programme Directory
School Name
Country
Course Name
HEC Lausanne
Switzerland
EMBA
University of St Gallen
Switzerland
EMBA HSG
University of Zurich
Switzerland
Zurich EMBA
National Sun Yat-sen University
Taiwan
EMBA
Koç University Graduate School of Business
Turkey
EMBA
Sabanci University School of Management
Turkey
Sabanci EMBA
City University: Cass
UK / UAE
EMBA
Cranfield School of Management
UK
Cranfield EMBA
Henley Business School
UK
Henley EMBA
Imperial College Business School
UK
EMBA
London Business School
UK / UAE
EMBA
University of Cambridge: Judge
UK
Cambridge EMBA
University of Oxford: Saïd
UK
Oxford EMBA
University of Strathclyde Business School
UK / Switzerland / Greece / UAE / Bahrain / Oman
Strathclyde EMBA
Warwick Business School
UK
Warwick EMBA
Baylor University: Hankamer
US
Baylor EMBA
Boston University: Questrom
US
Boston EMBA
Columbia / London Business School
US / UK
EMBA-Global Americas and Europe
Columbia Business School
US
EMBA
Cornell University: Johnson
US
Cornell EMBA
Cornell University: Johnson/Queen's University: Smith
US / Canada
Cornell-Queen's EMBA
Duke University: Fuqua
US
Duke MBA - Global Executive
Emory University: Goizueta
US
Weekend EMBA
Fordham University: Gabelli
US
Fordham EMBA
Georgetown University / Esade Business School
US / Spain
Global EMBA
Georgetown University: McDonough
US
EMBA
Georgia State University: Robinson
US
EMBA
Michigan State University: Broad
US
EMBA
New York University: Stern
US
NYU Stern EMBA
Northwestern University: Kellogg
US
Kellogg EMBA
Rice University: Jones
US
Rice MBA for Executives
Rutgers Business School
US
Rutgers EMBA
SMU: Cox
US
SMU Cox EMBA
Temple University: Fox
US
Fox EMBA
Texas A & M University: Mays
US
Texas A&M EMBA
Tulane University: Freeman
US
EMBA
UCLA: Anderson
US
EMBA
UCLA: Anderson / National University of Singapore
US / Singapore
UCLA-NUS EMBA
University of Chicago: Booth
US / UK / Hong Kong
EMBA
University of Houston: Bauer
US
EMBA
University of Illinois at Urbana-Champaign
US
Illinois EMBA
University of Maryland: Smith
US
Smith EMBA
University of Miami School of Business Administration
US
Miami EMBA
University of Michigan: Ross
US
EMBA
University of Minnesota: Carlson
US
Carlson EMBA
University of Pennsylvania: Wharton
US
Wharton MBA for Executives
University of Pittsburgh: Katz
US / Brazil / Czech Republic
EMBA Worldwide
University of Rochester: Simon
US / Switzerland
EMBA
University of Texas at Austin: McCombs
US
Texas EMBA
University of Utah: Eccles
US
EMBA
University of Washington: Foster
US
EMBA
Website
Fee
Duration
www.hec.unil.ch
hec@unil.ch
CHF$34,500
15 months
www.unisg.ch
peter.lindstrom@unisg.ch
CHF$64,000
20 months
www.oec.uzh.ch
deansoffice@oec.uzh.ch
CHF$65,000
-
www.cm.nsysu.edu.tw
media@cm.nsysu.edu.tw
TWD$10,000 (credit), TWD$60,000 (pa)
24 months
www.gsb.ku.edu.tr
mba@ku.edu.tr
TL$64,350
13 months
som.sabanciuniv.edu/en/emba
nozdemir@sabanciuniv.edu
TL$59,000
four four-monthlong semesters
www.cass.city.ac.uk
info@city.ac.uk
£44,000
24 months
www.cranfieldMBA.info/more
mbaenquiries@cranfield.ac.uk
£36,000
24 months
henley.asia/the-henley-mba
mba@henley.ac.uk
HK$295,000
24 months
www.imperial.ac.uk/business-school
business-school@imperial.ac.uk
£46,000
23 months
www.london.edu
contactus@london.edu
£69,660 (London stream); $104,710 (Dubai stream)
20 months
www.jbs.cam.ac.uk
enquiries@jbs.cam.ac.uk
£63,960
20 months
www.sbs.ox.ac.uk/programmes/degrees/ emba
mba-enquiries@sbs.ox.ac.uk
£67,483
21 months
www.strath.ac.uk/business
sbs.admission@strath.ac.uk
-
-
www.wbs.ac.uk
enquiries@wbs.ac.uk
£12,500 (for year one)
36 months
www.baylor.edu/mba
mba_info@baylor.edu
US$84,000 (Austin, Executive MBA) US$87,000 (Austin, Executive MBA Healthcare)
21 months
management.bu.edu
mba@bu.edu
US$97,500
18 months
www.emba-global.com/americasandeurope
embaglobal@london.edu
US$172,815
20 months
www4.gsb.columbia.edu/execed
execed@columbia.edu
US$182,280
20 - 24 months
www.johnson.cornell.edu
mba@johnson.cornell.edu
US$163,940
22 months
www.johnson.cornell.edu/Cornell-Executive-MBA-Americas
mba@johnson.cornell.edu
US$129,000
17 months
www.fuqua.duke.edu
admissions-info@fuqua.duke.edu
US$166,000
15 months
www.goizueta.emory.edu
EMBAadmissions@emory.edu
US$110,000
21 months
www.bnet.fordham.edu
petit@fordham.edu
US$97,500
22 months
www.globalexecmba.com
globalemba@georgetown.edu
US$154,200
14 months
msb.georgetown.edu
GeorgetownMBA@georgetown.edu
US$131,400
20 months
robinson.gsu.edu
mparis@gsu.edu
US$72,500
17 months
executivemba.broad.msu.edu
mba@msu.edu
US$69,000
20 months
www.stern.nyu.edu
executive@stern.nyu.edu
US$177,800
22 months
www.kellogg.northwestern.edu
mbaadmissions@kellogg.northwestern.edu US$93,645
24 months
business.rice.edu
ricemba@rice.edu
US$111,000
22 months
business.rutgers.edu
remba@business.rutgers.edu
US$23,010.75 (per semester)
20 months
www.cox.smu.edu/home
dteems@cox.smu.edu
US$115,575
21 months
sbm.temple.edu
foxinfo@temple.edu
US$94,992
16 months
mays.tamu.edu
maysmba@tamu.edu
US$86,000
24 months
www.freeman.tulane.edu
abfadmit@tulane.edu
US$80,000 (New Orleans), US$88,000 (Houston)
18 months
www.anderson.ucla.edu
mba.admissions@anderson.ucla.edu
US$70,700
24 months
ucla.nus.edu
ucla@nus.edu.sg
US$112,940
15 months
www.chicagobooth.edu
admissions@chicagobooth.edu
£99,000(Europe), HK$1,250,000 (Asia), US$179,000 (North America)
21 months
www.bauer.uh.edu/emba/index.htm
emba@uh.edu
US$74,700.00
22 months
www.mba.uiuc.edu
mba@uiuc.edu
US$97,000
19 months
www.rhsmith.umd.edu
mba_info@rhsmith.umd.edu
US$117,900
19 months
www.bus.miami.edu/grad
mba@miami.edu
US$109,000
17 months
www.bus.umich.edu
rossmba@umich.edu
US$144,200 (Michigan Residents) / US$149,200 (Non-Michigan Residents)
21 months
www.carlsonschool.umn.edu
csom@umn.edu
US$111,500
24 months
www.wharton.upenn.edu
mba.admissions@wharton.upenn.edu
US$186,900
24 months
www.business.pitt.edu/katz
embaprogram@katz.pitt.edu
US$75,000 (Pittsburgh) / US$56,500 (São Paulo) / US$50,500 (Prague)
18 months
www.simon.rochester.edu
admissions@simon.rochester.edu
US$98,200
22 months
www.mccombs.utexas.edu
mccombsmba@mccombs.utexas.edu
US$110,000
24 months
www.emba.utah.edu
emba@utah.edu
US$79,000
21 months
foster.uw.edu
mba@u.washington.edu
US$97,500
21 months Reference: Financial Times EMBA 2015
Executive MBA 2015