WU Executive Academy of the Vienna University of Economics and Business by Andrey Steland

Executive MBA (Global)

Master your vision. And sharpen it.

Bodo B. Schlegelmilch This Executive MBA is an internationally orientated, cutting-edge partnership between the University of Minnesota and the Vienna University of Economics and Business (WU Vienna), Europe’s largest business university. The program provides a unique 360° global vision with expert insights into management and leadership practice in developed and emerging markets on three continents. In addition to interactive classes in Vienna, three international residencies expose you to the latest thinking of leading international professors, senior managers and policy makers. The Executive MBA is specifically designed to meet today’s real-world challenges in demanding industries or business functions. It enables you to apply up-to-date knowledge and management tools in your workplace even as you study. The program provides you with all the skills necessary to maximise your potential to become a world-class leader. In a challenging but nurturing environment, it builds a deep understanding of core business subjects in all major functional areas, while emphasizing the skills and abilities needed to recognize and adapt to emerging trends and new technologies.

Michael J. Houston The faculty of the Executive MBA consists of renowned international professors and top executives. They provide the latest scientifically-based knowledge and in-depth views of state-of-the-art applications of management models, allowing you to profit from exceptional teaching and real-world business experience. Our Executive MBA is one of only a few worldwide to have been awarded the prestigious ‘triple crown’ of MBA accreditation, by A ACSB, EQUIS and AMBA, confirming our place among the world’s elite business universities. The outstanding quality of our executive education has recently been reconfirmed by the Financial Times, where the WU Executive Academy has been ranked among the top European Business Schools. After completing of the program, graduates join a vast international network of 75,000 alumni from both universities working in diverse companies and institutions around the world. The end result is a blend of an American and European MBA, allowing you to profit from exceptional teaching by an internationally renowned faculty, cutting-edge research and real-world business experience.

During only 14 months and with only 40 days away from your job, you study and work on projects in CEE, Asia and the U.S.A. before earning both a U.S. and a European MBA degree. For part of the program, you work in a virtual team project with other Executive MBA students located on three continents.

We welcome your interest in the program and invite you to explore what this unique program can do for you and your career. An MBA is a serious investment in your future, and we are confident that this program will exceed your expectations.

Prof. Bodo B. Schlegelmilch, Ph.D., D.Litt. Dean WU Executive Academy, WU Vienna

Prof. Michael J. Houston, Ph.D. Associate Dean of International Programs Carlson School of Management, University of Minnesota

14 months, 3 continents, 2 degrees

Table of Contents

Welcome

Why Choose this MBA?

Your Universities

Unbeatable Location

Timeline Overview

360째 Global Vision

Cutting-Edge Curriculum

Work with the Best

Module Overview

Student Profiles

Alumni Voices

Support Services

Post-Graduation Benefits

Application and Admission

Find out More

Meet the Team

Carlson School of Management, Minneapolis, U.S.A.

Why Choose this MBA? ELITE ‘TRIPLE CROWN’ ACCREDITATION

WORLDWIDE ALUMNI NET WORK

The WU Executive Academy’s Executive MBA belongs to only approximately 30 MBA programs worldwide to have been awarded the prestigious triple-crown of MBA accreditation (AACSB, AMBA, EQUIS).

As an Executive MBA graduate, you join two vast alumni networks of the WU Executive Academy and the Carlson School of Management. Cross-cultural business relationships give alumni and their companies access to an extended global network and a set of exclusive alumni services.

DUAL DEGREE

The Executive MBA combines the resources and knowledge of two leading global business schools: the Carlson School of Management, University of Minnesota and the WU Executive Academy, Vienna University of Economics and Business (WU Vienna). Participants in the program benefit from this powerful partnership and graduate with two degrees.

DYNAMIC PEER GROUP

Carefully selected participants with diverse backgrounds and perspectives contribute to the quality of the program to the same extent that the faculty do. Creating new ideas, reflecting on one’s current work and exchanging insights with like-minded international colleagues adds immeasurable value to the program.

WORLD-CLASS FACULT Y

Our multicultural faculty consists of both world-renowned professors and internationally acclaimed top executives. Besides WU Vienna and the Carlson School of Management, in recent years professors joined us from the University of South Carolina (U.S.A.), the University of Bath (U.K.), the St. Petersburg State University (Russia) and Simon Fraser University (Canada) among others, providing the latest scientifically-based knowledge and a profound understanding of cutting-edge management tools. TRULY INTERNATIONAL PROGR AM

The exclusive program setting, with cross-cultural teams, top faculty and international residencies, reflects the reality of today’s international business world.

FLEXIBLE FORMAT

The program structure of the Executive MBA is specifi cally designed to accommodate the needs of hard- working executives. The modular structure, with only 40 days off-the-job, allows managers to participate in a world-class MBA program whilst developing their individual careers. ADDED VALUE FOR EMPLOYERS

Recruiting and retaining top talent is vital for truly forward-thinking companies. They understand that professional development is absolutely essential for top executives being groomed for positions of increased responsibility. The return on that investment? Executives who bring the full force of their knowledge and abilities to bear for their company’s future success.

RESIDENCIES ON 3 CONTINENTS

In the course of residencies in 4 countries on 3 continents, (Russia, India, China, U.S.A.) participants gain in-depth knowledge of business theory and practice in both emerging and mature markets. Numerous company visits give the participants the unique opportunity to gain insider information on local management strategies.

STATE-OF-THE-ART TECHNOLOGY

Participants in the program have access to “Learn@WU”, one of the leading e-learning platforms with more than 45,000 e-learning materials and over 32,000 users. Moreover, students benefit from state-of-the-art, technologybased learning methods.

Your Universities The Executive MBA is the product of a powerful partnership between two leading global business universities: Carlson School of Management at the University of Minnesota and the WU Executive Academy of the Vienna University of Economics and Business. This collaboration brings together leading perspectives and expertise from both sides of the Atlantic to create one of the finest Executive MBA programs in the world. Graduates are awarded degrees by both universities and enjoy privileged access to two vast networks of faculty and alumni.

CARLSON SCHOOL OF MANAGEMENT, UNIVERSIT Y OF MINNESOTA

Positioned where the University of Minnesota and downtown Minneapolis connect, the Carlson School of Management is both a real and a symbolic gateway between the academic and business worlds. Its location in the Twin Cities of Minneapolis and St. Paul, home to one of the United States’ most vibrant business communities, means that the Carlson School offers a mix of top-notch education and practical experience found at few other business schools. The School’s graduate degree programs consistently rank among the top 20 U.S. programs, and its internationally renowned faculty is top ranked in research productivity among U.S. business schools. The Carlson School’s Graduate Business Career Center offers a wide range of services and programs to help students succeed in the competitive U.S. market. Furthermore, the University of Minnesota is one of the largest public, ‘land grant’ institutions in the U.S.A.

Within the University of Minnesota, the Carlson School International Programs Office oversees the EMBA program and also manages other global Executive MBA programs in China and Poland.

Carlson School of Management, WU Vienna

WU EXECUTIVE ACADEMY, VIENNA UNIVERSIT Y OF ECONOMICS AND BUSINESS

The WU Executive Academy is part of the Vienna University of Economics and Business (WU Vienna). This prestigious parent institution has earned its fine international reputation with over 100 years of consistent excellence in the field of business education. Today, the Vienna University of Economics and Business is Europe’s largest business university. The executive education portfolio of the WU Executive Academy includes MBA/MBL/LLM programs, university certificate programs, corporate programs and seminars. In recent years, it has become one of the leading providers in Central and Eastern Europe. As part of the WU, the WU Executive Academy is EQUIS (European Quality Improvement System) accredited. EQUIS is an internationally recognized accreditation system offered by the European Foundation of Management. Moreover, the outstanding quality of the MBA programs has been recognized by AMBA (Association of MBAs) awarding its renowned global accreditation. With this, the WU Executive Academy is one of only two business universities in the German-speaking world to meet the high quality standards of both accreditations.

Current achievements of the WU Executive Academy: › Financial Times Business School Ranking (2009): # 34 in Europe › Financial Times Executive MBA Ranking (2009): # 41 worldwide › Frankfurter Allgemeine Zeitung MBA Ranking (2005): # 1 Alumni satisfaction in German-speaking countries › Handelsblatt MBA Ranking (2006): Among the Top 50 MBAs worldwide › Ziarul Financiar MBA Ranking (2010): # 1 MBA in Romania Each year as many as 3,500 executives, experts and high potentials from over 50 countries graduate from our programs. At present, residencies and programs are conducted in more than 15 countries on three continents. Being part of the WU Vienna, the WU Executive Academy provides access to the expertise of some 400 faculty members and countless experts in over 200 partner universities worldwide. The knowledge provided is of immediate practical relevance and is kept up-to-date through our scientific research activities. The faculty of the WU Executive Academy consists of both internationally renowned professors and top executives. Together, they provide the latest scientificallybased knowledge and in-depth views of state-of-the-art applications of management models.

Vienna, Austria

Unbeatable Location

AUSTRIA

GATEWAY TO EUROPE AND THE MIDDLE EAST

Austria is one of Europe’s most attractive destinations, renowned for its history, culture, architecture and hospitality. For centuries it has been home to some of the world’s finest artists, composers, scientists and, of course, leading economists.

The Vienna International Airport (VIE) is a major hub for all of Europe and the Middle East, in particular the CEE region, covering over 40 destinations. For commuting students, Vienna is the ideal location, easily accessible by plane from most European cities in less than 2 hours.

As a wonderfully diverse country, Austria offers endless cultural, leisure and business activities and impresses with its lively cities, breathtaking landscape, culinary diversity and exceptional wines.

HOME TO INTERNATIONAL COMPANIES AND ORGANIZATIONS

VIENNA

The capital of the Habsburg monarchy for over six centuries and an impressive repository of culture and heritage, today Vienna is a vibrant and exciting place to live and study. In Mercer’s recent ‘Quality of Living Survey’, Vienna ranked 1st among the world‘s cities, with exceptional safety records, a superb education system, excellent recreational possibilities and optimum political/ economic stability. Vienna offers a perfect blend of unique charm, imperial tradition and stunning modern architecture. A walk along the Ringstrasse boulevard with its splendid buildings and historic palaces is an indescribable experience. Vienna is home to one of the world’s leading opera houses and is internationally acclaimed for its cultural and social events such as the New Year’s Concert of the Vienna Philharmonic and numerous balls. After visiting some of Europe’s finest museums, traditional cafés are a good place to relax and enjoy typical Viennese charm.

Vienna’s geographical position in the heart of Europe makes it a multicultural metropolis and an important location for international companies and organizations. This is why many multinational companies like Alcatel, Coca-Cola, McDonalds, Henkel, Beiersdorf and Siemens have located their CEE headquarters in Vienna. Moreover, the Austrian capital is home to various UN agencies, such as the Industrial Development Organization (UNIDO), the UN Refugee Agency (UNHCR), the UN Office on Drug and Crime (UNODC), and the International Atomic Energy Agency (IAEA). The headquarters of OPEC and OSCE are also located in Vienna. EXCLUSIVE LEARNING ENVIRONMENT

Most modules of the Executive MBA take place at the historical halls of Palais Schönborn. Located at the very center of Vienna, it is only 30 minutes away from the Vienna International Airport and meets the highest international standards of executive education requirements. Palais Schönborn provides state-of-the-art technology, combining modern didactic design with a unique historical atmosphere. Moreover, Palais Schönborn is home to the Museum of Young Art (MOYA), the first museum exclusively dedicated to Young Art.

Timeline Overview MARCH – JUNE

AUGUST – DECEMBER

JULY

Post- Module

Pre - Module

Post- Module

Pre - Module

Post- Module

VIENNA

ST. PETERSBURG

VIENNA

Vienna University of Economics and Business › Orientation (1 day) › Managing People and Organizations (4 days) › Data Analysis and Decision Making (4 days) › Financial Accounting (4 days)

St. Petersburg State University › Economies in Transition and Company Visits (5 days)

Vienna University of Economics and Business › Managerial Accounting (4 days) › Strategic Marketing Management (4 days) › Financial Management (4 days) › Business, Government and Macroeconomics (4 days) › Operations Management (4 days) › Start of Virtual Team Project

MARCH – APRIL MAY – JUNE JANUARY

Pre - Module

Post- Module

Pre - Module

Post- Module

Pre - Module

GUANGZHOU

VIENNA

NEW YORK & MINNEAPOLIS

Lingnan (University) College › Managing Globalization and Company Visits (5 days)

Vienna University of Economics and Business › Advanced Financial Management for Global Markets (4 days) › Negotiation and Conflict Management (4 days)

University of Minnesota › Strategies for a Global Company and Company Visits (9 days) › Presentation of Virtual Team Project

HYDER ABAD

Indian School of Business › Information Technology Management and Company Visits (5 days)

Graduation ceremony (1 day) VIENNA

Vienna University of Economics and Business Graduation ceremony (evening)

Guangzhou, China

360° Global Vision

3 INTERNATIONAL RESIDENCIES

The Executive MBA’s curriculum extends well beyond the walls of a classroom. In the course of international residencies in 4 countries (U.S.A., Russia, India & China) on 3 continents, participants have the exclusive opportunity to visit local companies, meeting top executives and gaining insights into context-specific business practices and interacting with world-renowned guest speakers. Participants benefit from diversity in market structures and local business cultures in the countries they visit, building a solid foundation for their own future business activities in emerging and mature markets. ›› CEE Residency: St. Petersburg ›› Asia Residency: Guangzhou & Hyderabad ›› U.S.A. Residency: New York & Minneapolis GLOBAL PARTNER UNIVERSITIES

In addition to numerous company visits, selected MBA modules are taught by top faculty at leading universities in the respective country. In meetings with multiculturallyminded colleagues, international professors and executives, Executive MBA participants generate new ideas, reflect on their current work and exchange insights, while simultaneously expanding their global network. Lingnan (University) College, Guangzhou, China The Lingnan (University) College, founded in 1888, is one of the leading Chinese universities, with an outstanding international faculty and multinational graduates from all

over the world. The university commits itself to promoting diversity, offers state-of-the-art teaching facilities and was recently ranked as the No. 1 Joint Executive MBA Program in China. http://www.lingnan.net Indian School of Business, Hyderabad, India The Indian School of Business (ISB) is a research-orientated, independent management institution that grooms future leaders for India and the world. Its association with the WU Executive Academy, Kellogg School of Management, the Wharton School, and London Business School make it one of its kind in Asia. The school offers postgraduate programs; short-duration, high-powered executive education programs for CEOs and senior executives; and a research fellowship program. The original and distinctive research of its faculty members ensures that the program content is contemporary and global in its perspective, and develops the students’ understanding of modern management opportunities and challenges. www.isb.edu Graduate School of Management, St. Petersburg State University, Russia Established in 1724, the School is part of the oldest Russian university and has the mission of becoming a world-class business school. It offers a diverse portfolio of degree and non-degree programs and serves as the most important centre of management education in Russia. http://www.gsom.pu.ru/en/

Cutting-Edge Curriculum T WO-TIER STRUCTURE

VIRTUAL TEAM PROJECT

The Executive MBA curriculum consists of a two-tier structure: Business Core and Global Leadership. The Business Core part provides in-depth know-how and a conceptual framework of general management to help participants share a common knowledge base.

The Virtual Team Project unites Executive MBA participants of four world-class business schools: The WU Vienna (Austria), the Carlson School of Management (U.S.A.), the Warsaw School of Economics (Poland) and the Lingnan (University) College (China).

The Global Leadership part combines a solid foundation in critical management practices with courses in essential skills for senior-level executives, such as Managing Globalization, Negotiation and Strategies for a Global Company.

Students brought together in virtual teams not only work on a highly demanding topic but also face the inherent challenges of working across cultures and in three different time zones. Each team works on a project aimed at introducing a product or service to a new overseas market.

BEST PR ACTICE

The Executive MBA has been designed with the demands of current business practices in mind. Moreover, it prepares participants for future challenges and helps their companies survive in highly unpredictable global business environments.

During the U.S.A. residency, all virtual teams gather to present their respective business plans at the end of the Executive MBA program in Minneapolis.

Virtual Team Project INTEGRATION

Economies in Transition Russia

Information Technology Management India

Business, Government and MacroEconomics

Advanced Financial Mgmt. for Global Markets

Managing Globalization China

Negotiations and Conflict Management

Strategies for a Global Company U.S.A.

GLOBAL LEADERSHIP

Managing People and Organizations

Financial Accounting

Strategic Marketing Management

Data Analysis and Decision Making

BUSINESS CORE

Operations Management

Financial Management

Managerial Accounting

Dr. Ferdinand Piëch, Dr. Claus J. Raidl, Dr. Christoph Leitl

“Innovation is an all-important subject in today’s corporate world. Today, a company’s innovative strength is a decisive competitive factor. The MBA program at the WU Vienna has set itself the goal of already satisfying these challenges during the training of our future managers.” Dr. Ferdinand Piëch Chairman of the Supervisory Board, Volkswagen AG

“The immediate relevance of this curriculum for the daily work of a manager makes this Executive MBA the best choice for advanced executive training.” Dr. Claus J. Raidl CEO, Böhler-Uddeholm AG

“This MBA program is the perfect blend of science and business and is positioned in direct competition with the world’s finest executive education programs. It is based on the latest research results and at the same time applicable to real management issues and connected with corporate leaders.” Dr. Christoph Leitl President, Federal Economic Chamber, Austria

Work with the Best The faculty members are the heart of all our programs. They bring fresh perspectives and new ideas to all facets of the business world. They share a passion for knowledge development and constantly encourage their students to strive for higher standards.

Our Executive MBA faculty comprises some of the finest business minds in the world, drawn from an expert pool of professors from the WU Vienna, the Carlson School of Management and prestigious partner universities around the globe. Our faculty members are leaders in current business research and their latest findings are duly published in leading international journals. Their combined experience and international expertise enables the faculty to present an integrated, global management perspective emphasizing the application of theory to practice. FACULT Y (SELECTION)*

Prof. Johnny Rungtusanatham Carlson School of Management, Minneapolis, U.S.A. Operations Management Prof. Chuck Kwok Moore School of Business, Columbia, U.S.A. Advanced Financial Management for Global Markets Prof. Arnold Schuh WU Vienna, Austria Economies in Transition Prof. Leyland Pitt Segal Graduate School of Business, Vancouver, Canada Strategic Marketing Management Senior Lecturer Charles Caliendo Carlson School of Management, Minneapolis, U.S.A. Accounting * Faculty members are subject to change.

Prof. Dileep Rao Carlson School of Management, Minneapolis, U.S.A. Strategies for a Global Company Prof. Christos Ioannidis University of Bath, U.K. Business, Government and Macroeconomics DISTINGUISHED GUEST SPEAKERS

Top managers from some of the world’s most successful companies and organizations enrich our Executive MBA with their valuable insights. Current and past guest speakers include: ›› Raymond Beier, Partner, Pricewaterhouse Coopers ›› Helmut Eichert, Managing Director, Oracle Austria ›› Hikmet Ersek, Chief Operating Officer, Western Union ›› Ken Hjelm, Director International Business Development, 3M ›› Paul Herzfeld, Executive Vice President, Casinos Austria ›› Karen Parkhill, Managing Director, J.P. Morgan Chase ›› Klaus Patig, former Member of the Managing Board, Commerzbank AG ›› Lucio Rizzi, President, General Mills ›› Brendan Ryan, Vice Chairman, DraftFCB Worldwide ›› Peter Schneckenleitner, Media Relations, Deutsche Lufthansa AG ›› Heinz Sernetz, Member of the Managing Board, Raiffeisen Investment AG ›› Al Stroucken, CEO, H.B. Fuller ›› Friedrich Wille, Owner, Frey-Wille ›› Siegfried Wolf, CEO, Magna International ›› Norbert Zimmermann, CEO Berndorf AG

Prof. Engelbert Dockner, Prof. Christopher Nachtsheim

“I really enjoy teaching fi nancial management on the Executive MBA program. It provides me with the opportunity to interact with very experienced executives and discuss and solve challenging business cases that require both a sound knowledge of financial economics and a solid corporate background. Moreover, the way this program is set up and the incredible diversity of executives enrolled generates a unique learning environment that makes this MBA program so special. I am proud to be part of this outstanding venture.” Prof. Engelbert Dockner WU Vienna, Austria Financial Management

“I have had the privilege of teaching statistics in the Executive MBA program every year for nearly a decade, and I have enjoyed it immensely. The students bring a wealth of experience and a deep understanding of managing enterprises in an international environment. They are extremely bright, motivated, and a lot of fun to work with. I have benefi ted deeply from my interactions with the Executive MBA students, and my experiences in Vienna have changed the way I teach back home in Minnesota. I hope the Executive MBA experience has been as rewarding for my students as it has been for me.” Prof. Christopher Nachtsheim Carlson School of Management, University of Minnesota, U.S.A. Data Analysis and Decision Making

Curriculum MANAGING PEOPLE AND ORGANIZATIONS

MANAGERIAL ACCOUNTING

Theories and frameworks for analyzing the behavior of individuals, groups and the organization itself. Take decisions and develop action plans that enable managers to provide effective leadership of people in organizations. Concepts and principles associated with the function of human resource management, such as personnel selection, reward and compensation systems, and collective bargaining.

Learn how to analyze internal accounting data for use in management decisions in addition to the study of planning and control. Understand how various types of costing systems such as activity based costing can be used to better understand profitability. Understand transfer pricing, variance analysis, and incremental costing decisions and how accounting information can be used to make better management decisions.

DATA ANALYSIS (STATISTICS) AND DECISION MAKING

OPER ATIONS MANAGEMENT

Managers need to understand both the power and limitations of numerical data for their decision making process. Understand and learn 1) exploratory data analysis, 2) basic inferential procedures, 3) statistical process control, 4) regression analysis and 5) decision models.

The operations management function in different types of organizations with emphasis on productive, innovative and competitive operations. Examine and apply the concepts and principles related to the management of quality and innovation within service and manufacturing organizations.

FINANCIAL ACCOUNTING

FINANCIAL MANAGEMENT

Understand external accounting systems used by companies to measure their economic performance and financial position. Understand basic accounting rules and how these rules determine how financial information is reported on a companyâ&#x20AC;&#x2122;s financial statements. Analyze corporate financial reports to discover the impact of significant economic events from the financial statements of a company.

Theory and practice of finance from an analytical approach. Apply the basic financial concepts of risk, return and valuation to the decisions that a manager engaged in a small business or corporate financial officer must make about the sources and uses of funds during changing financial markets. BUSINESS, GOVERNMENT AND MACROECONOMICS

ECONOMIES IN TR ANSITION

Examine driving forces that are shaping the competitive environment, including technological, political and ethical forces. Theoretical considerations to analyze these forces and businessesâ&#x20AC;&#x2122; responses to specific issues. The coursework will include projects/cases that are of current interest to companies in Eastern Europe. CEE Residency in Russia

The roles of government and business in society, alternative systems of economics and political values, and the social political, economic and cultural conflicts affecting the business sector. MANAGING GLOBALIZATION

Develop international strategies for companies wishing to expand to global markets. Emphasis on analyzing opportunities and how the international environment constrains decision-making. Learn how to implement global strategies, including managing strategic alliances and networks. Asia Residency in China

INFORMATION TECHNOLOGY MANAGEMENT

Managing information resources and technology. Gain exposure to various information technologies. See how information systems can support business processes, examine their applications, explore the competitive advantages associated with information technology and address organizational and managerial implications. Learn how information and communication technology can help create new business models. Asia Residency in India

ADVANCED FINANCIAL MANAGEMENT FOR GLOBAL MARKETS

Learn and apply advanced concepts for corporate financial decisions at executive level, including those related to investment, corporate finance and global markets. NEGOTIATIONS AND CONFLICT MANAGEMENT

Identify typical challenges and difficulties inherent to negotiation. Learn broad strategies to effectively manage these challenges and improve your skills as an effective negotiator and conflict manager.

STR ATEGIC MARKETING MANAGEMENT

Examine the management challenge of developing and implementing the most appropriate combination of variables to implement a company’s strategy in target markets. Develop skills in applying analytical perspectives, concepts and decision-making, pricing and communication programs.

STR ATEGIES FOR A GLOBAL COMPANY AND VIRTUAL TEAM PROJECT

Multiple perspectives on global strategy are brought together in this integrative course. Theory and practice are bridged by involvement of faculty and corporate executives, site visits to global companies and student projects. U.S.A. Residency in New York and Minneapolis

MODULE STRUCTURE

The Executive MBA consists of consecutive modules. Each module has a three-tier structure: Pre-Module, Core-Module and Post-Module. You will receive a grade for each module (including Pre- and Post-Module). The proportions may vary according to professor - for example: 20% Pre-Module, 50% Core-Module, 30% Post-Module. PRE-MODULE

CORE-MODULE

POST-MODULE

e-learning, 2 weeks

in-class, 4 days

e-learning, 2 weeks

Preparation of topic

In-class time

Application of newly gained knowledge

› Readings › Case studies › Essays › Other

› Benchmarking sessions › Individual and group presentations › Individual and/or group case work › Breakout sessions › Case discussions › Lecture sessions › Other

› Evaluation of theories › Case studies › Papers and assignments › Other

Student Profiles

AVER AGE CLASS PROFILE BY INDUSTRY 0

17% IT/ Telecommunication 13% Industry 12% Banking/Finance/Insurance 10% Commerce 9% Consulting/HR Consulting 7% Energy Industry 7% Pharmaceutics 5% Construction Engineering 5% Governmental & NGO 3% Tourism/Recreation/Hotel 3% Health Care/Hospitals 3% Consumer Goods 3% Traffic/Transport 1% Real Estate 1% Media/Advertising/PR 1% Social Sector 1% Education 1% Law

AVER AGE CLASS PROFILE

AVER AGE CLASS PROFILE BY FIELD OF OPER ATION 0

36% General Management 18% Marketing/Sale 13% Finance/Controlling 7% Operations 5% Consulting 4% Strategic Management/Business 3% IT 3% Research & Development 3% Human Ressources 3% Administration 1% Civil/Foreign Services 1% Self-employed

› Age: 38 Years › Working Experience: 13 Years › Management Experience: 6 Years › International Students: 60 % › Female/Male: 30%/ 70% › Class Size: 30– 40 Participants

Alumni Voices Yury Zheymo, MBA Andrea Herrmann, MBA Mohamed Chemloul, MBA

“ The Executive MBA provides a complete international business vision, with the expertise and real-world tools that managers need to thrive. The program content was taught in such a way that I was able to apply the new expertise to my own work, sharpening practical management skills as I studied. The international residencies were particularly interesting, first hand experience of a dynamic global economy and its complex interdependencies. In addition to my peers, I profited from meeting and networking with top executives from other countries. ” Yury Zheymo, MBA Director, Internal Audit, MegaFon, Russia

“ The WU Executive Academy MBA offers a unique combination of experienced and multi-cultural management students, a great mixture of case studies, group discussions and project work, as well as the Virtual Team Project - an intense cross-cultural experience. In particular the field-trip to India and China broadened my understanding of the global economy, providing me with vital insights into the similarities and differences of these huge emerging markets. My next career step came faster than I expected. As a direct result of my strengthened general management skills and new expertise in global leadership, I was promoted to Chief Financial Officer of the Western Union International Bank.” Andrea Herrmann, MBA CFO, Western Union International Bank

“ My job brings me into contact with clients from all over the world. The Executive MBA revealed to me the forces governing international business relationships. In particular, the globalization topics helped take my expertise to the next level. The WU EMBA program is where experience meets theory and where different people with different horizons extend their networks. Today, I am richer not only because I acquired additional knowledge, but also because of the expansion of my personal network of business contacts.” Mohamed Chemloul, MBA Worldwide Customer Support Director, NXP Semiconductors

Support Services

Making your life easier; because we are well aware of the many responsibilities faced by our hard-working MBA students, we place special emphasis on handling as many administrative details as possible on your behalf. OUR SERVICES

›› Registration procedures at the university ›› Textbooks and class materials are provided in the classroom ›› Customized online collaborative tools to facilitate group assignments, faculty communication and student interaction anywhere in the world ›› Access to all university student services (library, internet access, etc.) ›› Coffee breaks during the modules

E-LEARNING ENVIRONMENT

The WU Vienna is also at the forefront when it comes to the application of cutting-edge technologies to enhance our unique learning experience. Our state-of-the-art e-learning platform ‚Learn@WU‘ is one of the largest in the world, featuring over 45,000 e-learning materials and more than 32,000 users. Within this platform, a customized virtual classroom is provided exclusively to our MBA participants to facilitate all preand post-module assignments. CAREER RESOURCES

This Executive MBA offers numerous benefits for students and alumni. For further details, please refer to page 25, “Post-Graduation Benefits”.

Post-Graduation Benefits

DOUBLE YOUR ALUMNI NET WORK

During your studies, you benefit from countless opportunities to connect with other business leaders inside and outside the classroom. These connections extend far beyond graduation. As an Executive MBA graduate, you join two vast alumni networks with over 75,000 members worldwide – the combined alumni associations of the University of Minnesota and of the WU Vienna. This network provides the perfect foundation for establishing durable professional and personal relationships, building your own network of contacts and strategically pursuing your career objectives. ALUMNI BENEFITS

As alumni you enjoy continued exclusive benefits: ›› Alumni events help you to establish, maintain and deepen personal and professional ties with other senior international executives from varying professional backgrounds. ›› Preferential access to national and international career opportunities. ›› Invitations to panel discussions, conferences, guest speaker events, seminars and other lifelong learning activities.

›› Access to ‘CarlsonConnect’, an interactive networking site designed specifically for alumni of the Carlson School of Management. CarlsonConnect offers EMBA (Global) alumni an opportunity to network with fellow Carlson graduates around the world, find jobs, and stay connected to the global Carlson School community. ›› Online access to the University of Minnesota libraries and the ‘Business Source Premier Alumni Edition Database’ covering publications in nearly every area of business including marketing, management, accounting, finance and economics. ›› And many more COMPANIES RECRUITING FROM THE VIENNA UNIVERSIT Y OF ECONOMICS AND BUSINESS

Accenture, Austrian Airlines, BMW, Böhler-Uddeholm, Booz & Company, Coca-Cola, Colgate-Palmolive, Danone, Deloitte, Economist, Egon Zehnder, Electrolux, Emerson, Estee Lauder, Henkel, HP, IBM, IKEA, Johnson & Johnson, JP Morgan Chase, KPMG, MAN, McDonald’s, McKinsey & Company, Microsoft, Mondi, Morgan Stanley, Nike, OMV, Pfizer, PricewaterhouseCoopers, Procter & Gamble, Raiffeisen Zentralbank, Red Bull, Rockwell Automation Power, Samsung, Siemens, The Boston Consulting Group, Unilever, Telefonica, T-Systems, Verbund, Western Union and many more.

Alumni Voices Liselotte Schöll, MBA Jochen Borenich, MBA Iain Coles, MBA Dusica Lukac, MBA

“ The Executive MBA has broadened my personal horizons immensely. It was the Virtual Team Project in particular which sharpened my sensibilities in working with people from different backgrounds and points of view. For me as a lawyer, the general management focus of the program enabled me to hold new exciting positions within my company: From Assistant to the Management Board to Head of Group HR Mobility Management.” Liselotte Schöll, MBA Mobility and Contract Manager, Telekom Austria Group

“ Especially in the highly competitive and innovation-driven IT- and telecommunications industry, it was very difficult to find an MBA program to suit my ambitious educational needs as a senior manager. The didactic design, international focus of the program, and outstanding faculty sustainably enriched my professional career. Being triple accredited, the WU Executive MBA is one of the finest MBA programs worldwide.” Jochen Borenich, MBA Member of the Executive Board, Kapsch BusinessCom

“ The VEMBA program has certainly exceeded my expectations. I chose it for the well-rounded selection of study modules, the multiple accreditations and the strong international rankings. What I did not fully anticipate was the quality of the lecturers, the intensity and community of my peers or the exceptional experiences that I gained during the field trips.” Iain Coles, MBA CEO, Global Consulting Partners

“ If you are looking for a program that will challenge your boundaries and force you to grow and mature into a top professional, the Executive MBA is exactly what you are looking for. Technical skills will be brushed up and sharpened by excellent professors and alongside your class-colleagues, changing you with a soft hand and making you even more fit for the global business arena. If you want an interesting ride and even more interesting options afterwards, welcome on board.” Dusica Lukac, MBA Regional Senior Restructuring Manager CEE, Investkredit Investmentbank AG

Application and Admission

APPLICATION REQUIREMENTS

To apply for the Executive MBA (Global), you must meet the following requirements: ›› Undergraduate degree, equivalent to a bachelor’s degree ›› Minimum of five years of relevant work experience ›› Proficiency in written and spoken English ›› Completed application forms ›› Curriculum Vitae ›› 2 letters of recommendation Each Executive MBA participant is expected to have a personal computer and to be familiar with MS Office software. ADMISSION CRITERIA – WHAT WE LOOK FOR

The structure of the program and its close collaboration in study groups promote enduring professional contacts and personal friendships. APPLICATION DEADLINES

Since the program often fills to capacity, please submit your application as early as possible. Qualified applicants are admitted on a rolling basis. A non-refundable deposit of 10% of the tuition fee is payable upon confirmation of admission, to reserve your place on the program.

APPLICATION CHECKLIST

Student diversity is essential to the quality of the Executive MBA Program. We select all our MBA participants with great care, considering cultural and academic background, skills and work experience. Among our criteria are: ›› Solid career progression ›› Management and leadership skills ›› Ability to commit to a challenging program ›› Interpersonal and communication skills ›› A clear career vision ›› Ambition and drive

Completed application form: (Download at: www.executiveacademy.at/emba) O fficial transcript of university grades and high school diploma Curriculum Vitae Recent digital photograph 2 letters of recommendation Company and/or Sponsor letter (where applicable) Clear copy of valid passport Application fee (EUR 200.–) payable upon submission of application

ADMISSION

Completed Application

Admission Decision › Admission Denied

Admission Interview

Admission Decision › Admission Denied › Waitlisted › Future Potential

Admitted

Alumni Voices Alexander Resch, MBA Damir Sprem, MBA Philippe Pezet, MBA

“ Attaining a master degree had always been one of my long-term goals. Having said that, participating in the WU Executive Academy’s Executive MBA whilst working full-time required dedication and sustained hard work. The benefits of the program, however, especially learning from the experience of my fellow students justified the sacrifices I had to make. I would recommend this program unreservedly to anyone seeking an international management education for the next step up in their career. The Executive MBA represents an invaluable asset for senior managers in today’s global economy.” Alexander Resch, MBA Member of the Management Board and Chief Risk Officer, VÚB BANKA

“ The reality of global business is seldom more apparent than with an airline. To excel in this environment requires real-world, up-to-date knowledge. By that I mean a deep practical understanding of leadership, negotiation techniques, strategic decision-making and financial analysis and management. My MBA peers and I, together with faculty, dissected the decisions managers make, the strategies behind them and what the outcomes were. The Virtual team project was an experience with direct parallels to my working life. Seeing how my peers met its challenges has proved of immense value.” Damir Sprem, MBA Executive Vice President Finance, Croatia Airlines

“ From what I have experienced in the course of my studies the WU Executive MBA is definitely an investment that offers high returns due to the one-of-a-kind networking opportunities, both with faculty and managers from leading companies worldwide. Moreover, the three field trips provided ‘hands-on’ experiences in the most dynamic international markets. Today, I am CEO of a premium kitchen manufacturer and fully convinced that the knowledge and tools acquired during the program were a highly valuable professional asset and played a strong and decisive role in the competitive advantage of my candidacy.” Philippe Pezet, MBA President/CEO of Bulthaup U.S.A. Inc.

Find out More

FINANCING OPTIONS

COME AND MEET US

The WU Executive Academy is committed to helping dedicated and deserving students meet their educational and career goals by offering financing options such as payment by installment and scholarships.

The decision to pursue the Executive MBA program is a real commitment. To help you make the right decision, we provide you with regular opportunities to meet our faculty, alumni, students and staff, to gain real insights into our program and to ask any questions you might have.

SCHOLARSHIPS

Throughout the year the WU Executive Academy offers merit-based MBA scholarships to promote academic excellence and leadership. These scholarships are awarded to applicants who can demonstrate a track record of outstanding achievement. Further information on scholarships, application process and deadlines is available on our website.

OPEN DAYS

The best way to assess the quality of an MBA program is to gain first-hand experience of it. The WU Executive Academy offers prospective students the unique chance to participate in selected MBA modules and interact with current students and faculty members. Please contact us for an individual arrangement.

INDIVIDUAL CORPOR ATE SPONSORSHIP

Companies often provide financial support or grant edu足c ational leave to their employees for the purposes of continuing education. We would be happy to assist you in preparing a proposal for your employer to obtain sponsorship for the Executive MBA program, and look forward to presenting the program to your employer. For more information, refer to our website: www.executiveacademy.at/financing

MBA FAIRS

The WU Executive Academy regularly presents its MBA portfolio at international MBA fairs. MBA INFO-SESSIONS

Throughout the year the WU Executive Academy holds regular MBA Info-Sessions. During these sessions, faculty members, alumni and program managers provide you with in-depth information on our MBA programs and look forward to answering your individual questions. For details visit our website: www.executiveacademy.at/fairs

Graduation in Minneapolis, U.S.A.

Meet the Team Sabine Prillmann, Matthew L. Goode

The Executive MBA team from the WU Executive Academy and the Carlson School of Management looks forward to meeting you. Please do not hesitate to contact us if you have any questions or need additional information.

WU EXECUTIVE ACADEMY

CARLSON SCHOOL OF MANAGEMENT

Sabine Prillmann, Program Manager Executive MBA (Global)

Matthew L. Goode, Program Director Global Executive MBA

Nordbergstrasse 15 1090 Vienna, Austria

321 19th Avenue South, 2-210 Minneapolis, MN 55455, U.S.A.

T: +43-1-313 36-4327 E-Mail: emba@wu.ac.at

T: +1-612-626-8727 E-Mail: mgoode@umn.edu

WU Executive Academy Vienna University of Economics and Business (WU Vienna) Nordbergstrasse 15 1090 Vienna, Austria Executive MBA (Global) Sabine Prillmann T: +43-1-313 36-4327 F: +43-1-313 36-790 emba@wu.ac.at www.executiveacademy.at/emba Carlson School of Management University of Minnesota Matthew L. Goode T: +1-612-626-8727 F: +1-612-624-8248 E-Mail: mgoode@umn.edu www.carlsonschool.umn.edu

Media owner: WU Executive Academy, Nordbergstrasse 15, 1090 Vienna, Austria Layout: Werner WeiĂ&#x;happl; Status: 10/2010 All information provided in this brochure is subject to misprints and changes.