EMBA Viewbook 2011-2011 by Vanderbilt Owen Graduate School of Management

On our cover

Laurent Cros Vanderbilt Executive MBA 2010 Sales Manager. Strategist. World Shaper. As someone who has managed sales and customer service for Europe, Asia and North America, Laurent Cros literally has a world of experience. He wanted a world-class business degree to match. After all, says the native of France, “I may return to Europe someday. The Vanderbilt brand is powerful and opens many doors.” Read the rest of Laurent’s story

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Our Promise To students:

To business:

Here is a place where you will be challenged to achieve your potential; find support as you shape your future; discover lifelong friends and mentors; and open doors to new possibilities.

Here is a place where you will find the men and women who have the skills, the drive, and the determination to move your organization forward.

To faculty and staff:

To alumni:

Here is a place where you can engage, think, reach, teach, influence people, and transform the world around you.

Here is a place that you can call home, build business relationships, and inspire those who follow to reach even higher.

Laurent Cros Vanderbilt Executive MBA 2010 Aftermarket Sales Manager, Goss International Franklin, TN

A Vanderbilt MBA with the Executive Edge. Vanderbilt Executive MBA Vanderbilt University Owen Graduate School of Management Executive MBA 401 21st Avenue South Nashville, TN 37203-2422

Telephone: 615.322.3120 Fax: 615.343.2293 Email: emba@owen.vanderbilt.edu URL: vanderbiltemba.com

Discover this place. Shape your world.®

Vanderbilt is an equal opportunity, affirmative action university.

Discover this place.

Shape your world. ®

World shapers Kerri Woodberry, M.D. Vanderbilt Executive MBA 2007 Plastic Surgeon Murfreesboro, TN

Doctoring Her Medical Practice As a child, Kerri Woodberry spent countless hours putting together puzzles. Today, as a Johns Hopkinstrained plastic surgeon, specializing in hand reconstruction, she helps piece together disfigured bodies and lives. After establishing a successful practice, she realized that one piece was still missing. To obtain the business knowledge that would help her operations reach the next level, she decided to pursue a Vanderbilt MBA. Along with the knowledge she gained, what particularly impressed Dr. Woodberry was the way “Vanderbilt prepares you for a leadership position by emphasizing leadership skills, human relations skills, group projects and teamwork.” The team dynamic paid fast dividends. During a Transforming Operations class, Kerri’s peers chose to study her medical practice. She was able immediately to implement a number of the recommendations they made. “The changes improved efficiency and provided better patient flow,” she says. “I was thrilled to see such major benefits from small changes in my organization.”

Read more World Shaper stories at owenworldshapers.com

What does it mean to shape your world? At the Vanderbilt Owen Graduate School of Management, it means you enter a unique, close-knit community that equips you for leadership in business. You open doors to a new world of possibilities. You shape your thinking and your career trajectory. It means you can create your own future in ways that align with your career goals and, perhaps, in ways that you never imagined. From Day One, it means you are empowered to make a difference in your organization, your community, your industry, your world. You will be encouraged to go beyond old boundaries, rigorously challenged to work harder and accomplish more than you thought possible, and supported both here and wherever you ultimately go, by an extended community of colleagues, mentors and alumni. Thousands of individuals—faculty and staff, students, alumni and business practitioners—with different priorities, diverse interests and divergent needs have discovered this place and, from it, have shaped their worlds…and, in doing so, our world. Contents Distinctive: Distinctive: Distinctive: Distinctive:

A Real Vanderbilt MBA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 The Executive Edge. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Cross-Functional C-Teams. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Apply-it-now Experiences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

The Vanderbilt Executive MBA Advantage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Program Design and Curriculum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Class Profile. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Return on Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Faculty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Admissions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 About Us. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

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The vanderbilt EXECUTIVE MBA advantage

An MBA that gives you the experience and broad perspective to succeed in senior management.

17 reasons our executive students and alumni recommend Vanderbilt for an MBA. Designed for seasoned professionals who want that “executive edge,” the Vanderbilt Executive MBA offers a rigorous, world-class 60-credit-hour MBA. Meeting two Saturdays per month over a 24-month period, you will gain critical cross-functional perspectives and executive decision-making skills amid accomplished peers who are in similar positions of influence in their organizations. Why disrupt your career momentum or settle

You will gain immediate ROI. Despite the worst economy in years, graduates of the Executive MBA Class of 2010 reported an average 20 percent salary increase during the two years of the program.

for a lesser degree?

You will earn a real 60-credit-hour MBA from Vanderbilt University, a highly ranked university with global prestige.

You will benefit from a program design and curriculum that go far beyond a typical Executive MBA program. Vanderbilt’s Executive Edge focuses on the Advanced Financial Frameworks, Strategic Skills and Vision, and Leadership Development insights that increase your value to and magnify your versatility within your organization.

You’ll be among a class of outstanding and influential peers from a variety of organizations and industries.

You’ll enjoy open-door access to the same renowned faculty stars who teach in the Vanderbilt MBA program.

You can pursue your degree with the least possible disruption to your career with classes that meet on Saturdays twice a month.

You will grow by becoming part of a cross-sectional “C-Team” of carefully matched peers whose expertise and perspectives differ from one another.

Your organization will achieve great ROI, too. Executive MBA students in the Class of 2010 expect that their sponsoring organizations will achieve payback in just 18.6 months.

You will be able to capitalize on a variety of Apply-it-now Experiences that allow you to build on a foundation of knowledge and then immediately apply it to your business challenges.

The entire program focuses on your success. We start with pre-application counseling to ensure that you’re a good fit for the program and that you will be able to work alongside first-rate colleagues in the demanding C-Team environment.

“The Vanderbilt Executive MBA program is hugely relevant. I experienced tremendous returns for my company, even after only one semester at Owen. I have decided that the program is not expensive, but engaging in business without it is.”

Alan Applonie Vanderbilt Executive MBA 2008 Chief Operating Officer Taylor Farms Pacific Tracy, CA

Turn the page for more reasons 2

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The vanderbilt EXECUTIVE MBA advantage

“How valuable was my Vanderbilt experience? By the end of year one of the EMBA program, my employer could see the benefits it was bringing to me and my customers. They not only started partially supporting me financially, they assisted with my first semester student loans. Even my current job came from a classmate at Vanderbilt.”

Because of a distinct emphasis on leadership development and the goal of equipping you to succeed in senior management, you’ll have access to industry tools and diagnostics used by Fortune 500 CEOs to master strengths and minimize derailers.

Jamie Scarbrough

Owen is competitive but it’s even more collegial, a rare quality among B-schools. Our class size—an average of 50 students— and comprehensive evaluation of prospective students during the admissions process help to build and preserve a collaborative and warm environment.

Learn More

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Your family is part of our family. The support provided by spouses, partners and children is vital to your success, and we work hard to acknowledge and celebrate their contributions by welcoming them to events throughout the year.

You’ll gain a global perspective that’s critical in today’s business world. While courses throughout the program integrate a global viewpoint, a full 15 percent of the curriculum focuses solely on cross-border decisions and issues.

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Vanderbilt Executive MBA 2005 Director, Global Sales Operations Security, Government & Infrastructure (SG&I) Division Intergraph Corporation Nashville, TN

There’s no absolute guarantee you’ll love the program, but satisfaction scores from students and alumni are exceptionally high. As proof, a full 100 percent of the 2010 graduating class contributed to their class gift.

You’ll benefit from a highly supportive network of students and alumni around the world—business leaders and entrepreneurs, near and far—who will help you while you’re in school and throughout your career. Wherever you want to go, we’re there.

You’ll be in a great city that offers easy access to many locations in and out of Tennessee. Nashville is within a three-hour drive or a quick, direct flight from major markets in the Southeast, New York, D.C., the Midwest and Southwest.

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distinctives

A r e a l Va n d e r b i lt M B A

Earn a full, 60-credit-hour MBA from Vanderbilt. Not all executive programs that bear the name “MBA” offer the benefit of a renowned MBA degree such as Vanderbilt’s. If you’re looking for the academic rigor of a full, 60-credit-hour world-class MBA program uniquely tailored to the needs of those already in or aspiring to senior management positions, then you’ve come to the right place. “When people see I received my MBA from Vanderbilt, it immediately puts me in a higher status. I now can review a company’s financial statements and have a good feel for its financial health and estimated value. I can look at a company in its entirety, from marketing and pricing philosophy to its strategic and human resource alignment, and assess whether it is heading in the right direction.”

Michael Garofalo Vanderbilt Executive MBA 2008 VP of Finance Architectural Graphics Virginia Beach, VA

Learn More

Earn your MBA from a university recognized around the world. The Vanderbilt Executive MBA program meets two Saturdays per month over a 24-month period. Without disrupting your career momentum or settling for a lesser degree, you will gain the confidence to lead organization-wide decision-making. With a focus on advanced financial frameworks, critical strategic visioning and leadership skills, you will benefit from a program design and curriculum that go far beyond a typical Executive MBA program. You will earn an immediate return on your investment with practical insights and experience that you can apply to your management job on Day One.

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PROGRAM DESIGN AND CURRICULUM

The Vanderbilt MBA for executives— built especially for those aspiring to or already at the top.

Highly demanding. Intensely rewarding.

A unified experience The Vanderbilt Executive MBA is a lockstep program with all students completing required course work in sequence with classmates. The unified nature of the program maximizes the shared learning experience and ensures continuity for C-Teams as they assimilate diverse experiences and industry perspectives to deliver on the program requirements.

A collaborative classroom Unlike typical MBA students who average five years of work history, Vanderbilt Executive MBA students have an average of 12 years of experience in the workforce. As a result, our Executive MBA students bring a level of business maturity, diverse perspectives and varied experiences to the classroom that fuel and enrich the learning experience. Vanderbilt professors are adept at using the collective experience of the class to identify and discuss ways that theory can be applied to realtime organizational opportunities and challenges.

Steve Brooks

Vanderbilt Executive MBA 2008 President, Bridgestone Americas Manufacturing Group Nashville, TN

Tire Manufacturer. Question Asker. World Shaper. Steve Brooks was ready to move up. He’d put three daughters through college; two went through grad school as well. Then, he decided, “It was my turn.” An MBA seemed to be the right choice and his friends recommended the Executive MBA at Vanderbilt. He’d seen co-workers earn their MBA through Vanderbilt’s executive program and move into senior management… Read the rest of Steve’s story

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Ingrid Calvo

Vanderbilt Executive MBA 2009 International Corporate Controller, Gibson Guitar, Nashville, TN

Energizing Her Career You can’t get much more “global” than Ingrid Calvo’s position. She serves as international controller for the world’s most renowned guitar manufacturer. To meet the challenges of such a fast-paced environment, she says, “today’s business leaders need a degree that transcends textbooks and the classroom to provide real-life business application.” That’s what she found in the Vanderbilt Executive MBA. The program not only equipped her with “cutting-edge business knowledge… Read the rest of Ingrid’s story

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An integrated and applied curriculum The Vanderbilt Executive MBA curriculum begins with a deep core of integrated course work—a strong foundation of statistics, plus organization management, finance, accounting, economics, operations and marketing that each accounts for 10 percent of the curriculum. In the second year, the curriculum provides Capstone Courses that help to synthesize all that is learned to that point. These courses, above all, prepare students for the big-picture responsibilities of setting strategy, creating and leading a new business venture and managing in a global environment. A focus on leadership and strategy With a purposeful, programmatic focus on strategy and leadership, Vanderbilt Executive MBA students emerge from the program with the “Executive Edge,” the higherlevel skills needed to navigate against competitors and win; spur growth and profitability; identify process improvements and deconstruct barriers to innovation; create value throughout the organization; and lead an organization through times of turbulence and change.

A global perspective Few businesses today are immune from influences abroad. Through a three-course sequence dedicated to doing business internationally—including a required International Residency during the second year— Vanderbilt Executive MBA students graduate with the ability to guide a company in a global marketplace. An education that transcends “book smarts” Much of what you will acquire in this program transcends what you can glean from a textbook: teamwork; creative problem-solving skills; strategic and analytical thinking; time management; decision making with imperfect information; and an appreciation for differing opinions and perspectives. These skills and behaviors will endure long after the books have been put on the shelf.

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PROGRAM DESIGN AND CURRICULUM

A rigorous program with courses that build logically, integrate seamlessly.

Two Saturdays per month. Two one-week residencies. Two years.

Starting in August of Year One and ending in July of Year Two, the Vanderbilt Executive MBA program is cleanly segmented into fall, spring and summer semesters with allowances for semester breaks and holidays. In addition to two Saturdays per month, two one-week residencies are incorporated into the program—a Week-in-Residence at the beginning of Year One and an International Residency in the spring of Year Two.

YEAR ONE—Provides you with a solid foundation of management essentials, theory and application. Many Executive MBA programs stop here. Vanderbilt doesn’t.

Navin Karwande

Vanderbilt Executive MBA 2009 Director, Non-Automotive Programs, Tower Automotive, Detroit, MI

YEAR TWO—Elevates these topics to CEO level by focusing on strategic aspects of managing the entire organization as well as its functional areas.

Plant Manager. Decision Maker. World Shaper. Navin Karwande knew Vanderbilt had a globally recognized Executive MBA program. In fact, that was one of the reasons he relocated to the Nashville area as he considered how to acquire skills he would need to prepare himself to improve his career.

Executive MBA Curriculum at a Glance

Right away, Navin says, he—and his employer, an automotive supplier—began noticing that Owen’s core courses in statistics, accounting, finance and leadership were making an impact on his performance and that of the plant. With his improving…

SUMMER

Leadership (2)

Managerial Finance (2)

Marketing Management (4)

Financial Accounting (4) Managerial Economics (4)

Corporate Value Management (2) Operations Management (4)

Macroeconomics (2)

Read the rest of Navin’s story

Summer Break

SPRING

Spring Break

FALL

Winter Break

Week-in-Residence

Year One

Organizational Behavior (2)

Managerial Statistics (4)

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Executive MBA Program Schedule You will benefit from an innovative Saturday schedule that allows you to earn a Vanderbilt MBA without disrupting your career momentum.

Managerial Accounting (2)

Every Other Saturday SUMMER

7:00 AM – 7:50 AM

Continental Breakfast at Owen

Business Strategy (4)

Strategy Project I (2)

Strategy Project II (2)

7:50 AM – 9:20 AM

Class

Global Enterprise I (2)

Global Enterprise II (4)

9:30 AM – 11:00 AM

Class

11:00 AM – 11:50 AM

Lunch at Owen

11:50 AM – 1:20 PM

Class

1:30 PM – 3:00 PM

Class

3:00 PM – 3:20 PM

Snack Break

3:20 PM – 4:50 PM

Class

5:00 PM – 6:30 PM

Class

Corporate Financial Policy (2) Transforming Processes (2)

Marketing Strategy (2) Creating and Launching the Venture (2)

Strategic Alignment of Human Capital (2) (x) = credit hours

Curriculum subject to change

* Graduation celebration immediately follows successful completion of the program; dates for Vanderbilt commencement exercises are established by the university and may lag.

Negotiation (2) Special Topics in Executive Management (2)

Graduation*

SPRING International Residency

FALL

Winter Break

Summer Break

Year Two

The Saturday Schedule. Making it possible to earn an MBA. Staci Springer is an up-and-coming engineer at a multinational industrial lubricant company. When the Vanderbilt Executive MBA program required attendance on both Fridays and Saturdays, she was reluctant to apply; she didn’t want to ask for Fridays off in the midst of a tough economy. That all changed in 2009 when the program’s format shifted. “As soon as I saw the Saturday-only schedule, I hit the ‘submit’ button on my application,” says Springer, who will graduate from Vanderbilt in 2011.

Optional: One Friday per month, 6:30 PM – 8:00 PM, Leadership Development Series

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PROGRAM DESIGN AND CURRICULUM

Strategy. Global Perspective. But first, an immediate and intensive immersion. Week-in-Residence at New Harmony Vanderbilt students begin their Executive MBA experience with a rigorous one-week residency in New Harmony, Indiana. Intentionally remote from the everyday demands of personal and professional life, this historic community provides the perfect backdrop for full immersion in the program from the outset. The Week-in-Residence eases the transition to the alternating Saturday class format of the program and provides students with time to get to know one another and the Executive MBA faculty. It also allows time to become acquainted with the objectives and mechanics of the program, to regain and refresh valuable perspectives on being a student, and to begin the C-Team routines such as setting expectations for performance, strategies for studying and when and how often members will meet and communicate with one another. Additionally, key classes— Executive Leadership, Managerial Accounting, Statistics and Managerial Economics—are launched.

“The experience at New Harmony was a tremendous way to jump-start the Executive MBA program and prepare me for the next two years. By removing the distractions of technology, it provided the opportunity to focus not only on the new material we were introduced to but also on building relationships with my classmates that have lasted, and will continue well into the future.”

Heather Diebold Executive MBA 2007

Senior Auditor, Caterpillar Financial Services Nashville, TN

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International Residency During the spring of the second year, each Executive MBA class participates in a group immersion experience outside the United States. This week-long International Residency is an integral and final part of the three-part Global Enterprise sequence and ensures that classroom discussions and theory are brought to life in an effective and compelling manner. Typically, the International Residency consists of visits to ten corporations in one or two host countries; these may be satellite offices of companies that are headquartered in the U.S., or local, regional or international companies that are based in these countries. Regardless of city or country, the purpose of these extended, in-depth corporate visits is to understand and discuss the differences and complexities inherent in doing business in the global marketplace, including such things as staffing; financial, legal and political structures; economics and social customs.

Business Strategy Sequence A hallmark of the Vanderbilt Executive MBA program is the year-long Business Strategy Sequence that takes place throughout the second year of study. The sequence is comprised of two in-class experiences—one in the fall, one in the spring—and a C-Team consulting project with a client company that runs throughout the year and is completed during the summer, just prior to graduation. Like other Executive MBA courses, the classroom component of the Business Strategy Sequence emphasizes learning by instruction—lecture, reading, case analysis and facilitated discussion. In contrast, the Strategy Project is defined as learning by construction—a total immersion experience in which students are challenged to call upon all of the tools and concepts learned to date and build an integrated strategic plan for a real client company.

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distinctives

The Executive Edge

Patrick Quirk

If you are serious about your career climb, you will need the Executive Edge. An Executive MBA designed with the view from the top. While all programs offer the basic Management Fundamentals, Vanderbilt adds essential layers to help you achieve your full potential as an executive: Advanced Financial Frameworks, Strategic Skills and Vision, and Leadership Development.

Leadership The Executive

Edge

Strategic Skills and Vision

Vanderbilt Executive MBA 2009 President and COO, Integr8 Networks, LLC Huntstville, AL

Technologist. Transformer. World Shaper. With more than 20 years in telecommunications, networking and semiconductors, Patrick Quirk’s experience ranged from early-stage startups to Fortune 100 companies—most recently in Ireland as general manager of European engineering operations for LSI. But as an engineer by background, Patrick saw gaps in his knowledge of finance, accounting and strategy—gaps he needed to fill both to handle his steadily increasing responsibilities and equip himself for new ones. The Vanderbilt Executive MBA program, which he chose for its reputation in all three areas, required a challenging balance between work, school and family. One solution involved joint study time with his sons as they all did their homework together. Along with the skills he sought, Patrick says he gained the leadership and analysis tools to guide decision-making. Those skills played a role in another big decision, too. In 2003, he had formed a side business, Integr8 Networks, to help clients incorporate connectivity and networking into their products. During his first year in the EMBA program, Patrick left LSI to focus on transforming his company from consulting to technology development. “My time at Owen,” he says, “empowered me to see beyond the information and discover the trends, enabling me to shape my world rather than be shaped by it.” Read more World Shaper stories at

Learn More

Advanced Financial Frameworks

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CLASS PROFILE

Demographics Executive MBA Class of 2012 Class Size

Average Age

Average Work Experience Work Experience Range

12 years

Industries Represented

31%

5 - 40 years

Advanced Degrees

Health Care/Biotechnology Financial Services

Married 66%

80% range “Typical GMAT Range”

13%

High Tech

Other* 31%

Women 19% 6%

Average GMAT

31%

Manufacturing 19%

19%

Academic Background

31%

* Includes Consulting, Telecommunications, Consumer Products, Energy, Environment, Government, Nonprofit

610

Ravi Chari, MD

540 - 670 Mary Speciale

Educational Background Engineering

41%

Liberal Arts

23%

Business/Management

18%

Science/Technical

18%

Full Tuition

13%

Partial Tuition (average amount $10,000/year)

42%

Self-funded 45%

Functional Title

11%

General Management/ Entrepreneurship 40% Finance/Accounting 23%

15%

19%

Senior Manager

25%

Middle Manager

35%

Professional (doctor, lawyer, etc.)

21%

40%

Engineers and IT Professionals Approximately 40 percent of a typical Vanderbilt Executive MBA class are engineers by training. They are generally men and women who have risen to positions of authority through their technical prowess and find themselves in need of the skills and mindset to lead teams and organizations toward shared goals.

Sales Mgmt./Marketing

15%

Mario Ramos

Operations/Quality Mgmt.

11%

Information Systems Mgmt.

11%

Vanderbilt Executive MBA 2010 VP Engineering Schneider Electric Nashville, TN

23%

Corporate Officer

Vanderbilt Executive MBA 2010 AVP, System Consolidation for Hospitals HCA Nashville, TN

Job Function

11%

Sponsorship

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Physicians and Other Health Care Practitioners In any given year, about one-fourth of an Executive MBA class is comprised of professionals from the health care industry, many of whom are physicians or clinicians such as those involved in administration or health care operations. All are individuals who want to move beyond the “practice” to the business of setting strategy or launching a new venture and leading and motivating an organization. Vanderbilt Executive MBA 2008 Chief Medical Officer Centennial Medical Center Nashville, TN

19%

13%

Who chooses Vanderbilt for an MBA?

Brad Tidwell

Vanderbilt Executive MBA 2010 Engineering Manager ADTRAN Huntsville, AL Michael Erickson

Entrepreneurs Every class has a handful of entrepreneurs. They include individuals who already own and operate a business and are looking for opportunities to envision and realize significant growth plans as well as those who, by virtue of the Executive MBA program, see the potential for a more fulfilling career by launching their own venture. Steve Gruver

Vanderbilt Executive MBA 2002 President Orchid International Nashville, TN

Finance & Accounting, Sales & Marketing and Other Professionals Approximately 20 percent of Executive MBA students come from a finance and accounting background with another 15 percent from sales and marketing. In addition, every year a class will boast other types of working professionals such as attorneys or architects. In all cases, these students find that this program provides the broad perspective needed to understand and take on roles that impact functional areas other than their own. Michael Piana

Vanderbilt Executive MBA 2010 VP of Sales and Chemical Engineer Nachurs Alpine Solutions Memphis, TN Jennifer Hutcheson

Vanderbilt Executive MBA 2007 VP, Corporate Accounting & Tax Gaylord Entertainment Nashville, TN Troy Williams

Vanderbilt Executive MBA 2010 Solutions Sales Manager, National Accounts GE Healthcare Franklin, TN

Vanderbilt Executive MBA 2010 Corporate Director of IT, Infrastructure and Security Baptist Healthcare System Louisville, KY owen.vanderbilt.edu

distinctives

cross - functional C - T eams

Experience the view from the corner office. Expect to learn from your peers as well as your profs. At Vanderbilt, you will complete much of your work as part of a “C-Team” of distinguished peers—successful managers and executives from a variety of industries who average 12 years of experience. These cross-functional teams, recruited carefully and assigned at the beginning of the program, are carefully balanced to include diverse backgrounds and experience—such as finance, operations, marketing and sales, information technology and engineering, and human resources—that you’d find in a typical organization’s C-suite. As a result of interactions with your team, you

will widen the lens through which you view problems and opportunities, preparing you to move beyond your previous established career specialization and emerge as a leader who understands the bigger picture of your organization as well as the smaller ones. No wonder that our Executive MBA students and alumni often say their colleagues are also some of their best teachers—and that the C-Team dynamic makes all the difference between knowing and understanding. 18 owen.vanderbilt.edu

“The C-Team teaches executive decision making and people management, while the courses provide a solid quantitative foundation. The combination prepares us to be better leaders.”

Chris Downs

Vanderbilt Executive MBA, Class of 2011 Software Engineer Yahoo! Brentwood, TN

Learn More

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RETURN ON INVESTMENT

Immediate and sustainable benefits. For you. For your company.

Just ask any of the companies represented by our graduates.

ROI for you. Organizational credibility Vanderbilt Executive MBA students find that they earn higher standing in the workplace, resulting in frequent invitations to contribute to organizational initiatives and functions in new, meaningful ways. Recognition by those at the top The program is designed to give all students—even those who are not sponsored—stretch assignments that will catch the attention of the management team and benefit the company in new ways. And a Personal Capstone Project will encourage dialogue with executives at work.

Career and salary growth Despite the worst economy in years, students in the Executive MBA Class of 2010 reported an average 20 percent salary increase, well above the standard costof-living adjustment for their companies before graduation. Self-awareness and confidence Graduates cite a dramatic increase in their time management skills as well as their self-confidence and the knowledge that they have the capabilities to set and achieve aggressive personal and organizational goals.

Nancy Abbott, Vanderbilt Executive MBA 1991

Vice President, Human Resources GE Commercial Finance, Stamford, CT “The program prepared me to transfer to new functions by broadening my skills in areas where I had gaps and broadening my perspective in general. I also built confidence that I could take on tough, new challenges and succeed. The Executive MBA was a good investment for my company and a great one for me.”

Bruce Brockenborough, Vanderbilt Executive MBA 2001 President Hannan Supply Company, Paducah, KY

“There is no doubt that my organization has received an excellent return on its investment. Every day I draw upon my Owen experience to navigate the challenges of management. The real surprise was that these same skills make me a better leader in my family and community. In short, I entered Owen to acquire enhanced financial management skills. I left a better person.”

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ROI for your organization.

Employer Organizations

Immediate solutions to pressing issues From Day One, Vanderbilt Executive MBA students are able and encouraged to apply classroom and project learning to real-time issues and opportunities at the office. Along with their own insight, they bring the best practices of their accomplished peers and distinguished Vanderbilt faculty.

from sole proprietorships to Fortune 50 companies. Below is a partial list of firms they represent.

An increase in the bottom line Critical theories coupled with practical and provocative discussions prompt students to question “business as usual.” This questioning—when focused on a company’s cost structure, sales and marketing strategies, and manufacturing processes—often results in million-dollar benefits to the bottom line. Long-term loyalty of prized employees Studies have shown that graduates of the Vanderbilt MBA program for executives remain loyal to their current employers, regardless of level of sponsorship. If not through tuition, companies tend to reward these employees at a level that motivates loyalty. Greater bench strength Vanderbilt Executive MBA students offer employers new ideas and perspectives, new talents and vast resources in the way of access to Vanderbilt faculty, a strong alumni base and the databases and support services of a world-class business library.

Vanderbilt Executive MBA students represent a wide range of backgrounds, industries and organizations,

AUTOMOTIVE ARC Automotive AutoZone Bridgestone Cummins-Fleetguard Ford Motor Credit General Motors Nissan Phelps Dodge Pilot Travel Centers Smith’s High Tech Automotive Tower Automotive CONSTRUCTION AND REAL ESTATE Actus Lend Lease Alex S. Palmer & Company BargeWaggoner Sumner & Cannon Jones Lang LaSalle Terra Pacific Midwest CONSUMER GOODS AND RETAIL Batesville Casket Big Time Toys Brown-Forman C. R. Gibson Dollar General Corporation Gibson Guitar Home Depot Mars Petcare Pepsico (QTG Sales) Procter & Gamble Sara Lee U.S. Smokeless Tobacco Wackenhut Services Williams Sonoma EDUCATION AND NONPROFIT National Association of State Boards of Accountancy (NASBA) National Federation of Independent Business (NFIB) University of Pennsylvania University of Tennessee Research Foundation Vanderbilt University Webb School

ENERGY DRS Test & Energy Management El Paso Corporate ExxonMobil Corporation Jackson Energy Authority Shell Oil TVA ENTERTAINMENT AND HOSPITALITY Gaylord Entertainment Harrah’s Entertainment Hilton Hotels Ingram Entertainment Marriott MGM/Mirage MTV Networks O’Charley’s Video Gaming Technologies Wyndham FINANCIAL SERVICES AIG/American General Allstate American Service Group Bank of America Bankers Trust BPS&M (Wells Fargo) Caterpillar Financial Services CheckFree Direct General First Tennessee Bank Fiserve Ford Motor Credit Independence Bank (Memphis) Independence Trust Morgan Keegan SunTrust Bank Unum Provident HEALTH CARE, PHARMACEUTICAL AND BIOTECH Allergan Amgen Aventis Pharmaceuticals Baptist Healthcare Systems Baptist Memorial Health Care

Baxter Health Care Biotherapeutics BlueCross BlueShield of Tennessee Bristol-Myers Squibb Cardinal Health Community Health Systems DaVita Eli Lilly Emdeon Focus Healthcare Management Fuji Film Medical Systems GE Healthcare GlaxoSmithKline Global Healthcare Exchange HCA Healthcare Management Systems (HMS) Healthcare Performance Partners HealthLeaders/InterStudy HealthStream Healthways Humana Johnson & Johnson King Pharmaceuticals Mead Mead, Johnson Medical Center (Bowling Green) Paradigm Management Services Parkway Medical Center Pfizer Physical Resources PSI Medical Services Schering Plough (Organon Pharmaceuticals) Skyline Medical Center Smith & Nephew Solvay Pharmaceutical St. Thomas Hospital Surgical Group of Nashville Symbion Healthcare Takeda Pharmaceuticals Vanderbilt University Medical Center

MANUFACTURING AND CONSUMER DURABLES Avery Dennison Boeing Bosch Bridgestone Carrier Cummins-Fleetguard DuPont Eastman Chemical Eastman Kodak Fuchs Lubricants GE Appliances General Motors International Paper Johnson Controls LP Building Products Motorola Plymouth Tube PPG Industries Raytheon Schneider Electric/Square D Siemans Southeastern Manufacturing Enterprises Sumiden Wire Products True Temper Sports Vulcan Materials SERVICE (AND OTHER) FIRMS ArvinMeritor Central Parking Crosslin & Associates Deloitte Consulting Emergency Services Network First Consulting Group Ingram Book Group Ingram Industries International Management Associates KPMG Kraft Corporate Recovery Services National Association of Small Business of America (NASBA) Ozburn-Hessey Logistics Pinpoint Recruiting Group Ryder Integrated Logistics

TECHNOLOGY AND TELECOMMUNICATIONS AOL Asurion AT&T Cisco Comdata Dell Edgenet, Inc. EDS IBM iGATE Global Solutions Intergraph Optimum Technology Solutions Oracle Service Source International Teledyne Electronic Technologies United Technologies Verizon Wireless TRANSPORTATION Covenant Transport FedEx Nacarato Volvo & GMC Trucks Vickers Transportation U.S. GOVERNMENT AND DEFENSE SERVICES Agility Defense and Government Services Armed Services Mutual Benefit Association U.S. Army U.S. Department of Energy U.S. Navy Westar Aerospace & Defense Group

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distinctives

A p p ly- i t- n o w E x p e r i e n c e s

Gain immediate ROI by applying what you learn on Day One. Make an impact in your organization with beyond-the-classroom learning opportunities. The Vanderbilt program offers a number of Apply-it-now Experiences designed to widen your perspective and allow you to build on the knowledge you gain. Over the course of two years, you will... • Complete a Business Strategy Project as part of a year-long strategy sequence. Your C-Team will work with a company of your choosing to create a comprehensive strategic plan for the organization. • Work with your C-Team to apply classroom learning to a real problem facing one of your employers. For example, you might seek to revise an incentive plan that inadvertently leads to undesired behaviors (Managerial Economics); redesign a supply chain process (Transforming Processes) or build a new spreadsheet model that provides better information for management decisions (Managerial Accounting). • Take on a Personal Capstone Project that allows you to showcase your capabilities within your organization, addressing an issue, initiative or opportunity that will move your company forward. • Have the opportunity to develop a New Venture business plan from scratch that will help you prepare and present your ideas to venture capital firms for financing.

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“In business today there is as much focus on efficiency as there is on growth. At Junior Achievement, we are equally responsible for creating value for our donors and delivering quality programming to the young people we serve. My education at Vanderbilt has already helped me identify and articulate unique benefits to offer community supporters. At the same time, discussions with professors and classmates have helped me streamline the funding processes, resulting in a stronger return on our donors’ investment. This has positioned us to increase our student reach because creating value makes us a better community partner and more attractive to new donors.”

Beth Torres

Vanderbilt Executive MBA, Class of 2011 VP of Development Junior Achievement of Middle Tennessee Nashville, TN Beth is the recipient of the Owen School and Center for Nonprofit Management tuition sponsorship, awarded annually to one Middle Tennessee nonprofit executive who meets all Vanderbilt Executive MBA admissions requirements.

Learn More

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Faculty

Here, great professors are also great mentors, advisers and friends. Shape your career with teachers who do more than just teach.

The finest scholars, researchers, teachers and practitioners make up Vanderbilt’s accomplished faculty. Educated at the best universities and seasoned with significant experience, these faculty members are in demand as conference speakers and panelists, consultants, authors and referees for prominent academic journals and experts for leading media outlets. Faculty selected for the Executive MBA program are even a cut above: they are skilled at drawing out the wisdom from the collected intelligence and experience of students in the classroom and are adept at responding to the unique questions, challenges

Bill Christie, Frances Hampton Currey Professor of Finance; Faculty Director, Executive MBA; Professor of Law Bill Christie’s studies of the major financial markets in the mid-1990s concluded that NASDAQ market makers were implicitly colluding to maintain artificially high trading profits at the expense of investors. His research resulted in sweeping reform of the NASDAQ market, introduction of the SEC Order Handling Rules, and a $1.027 billion settlement against the defendants. Bill won first prize for outstanding papers published in the Journal of Finance based on this research. He is a five-time recipient of the EMBA Teaching award and was ranked either first or second among star faculty in each BusinessWeek ranking from 1992 through 2000.

and issues that arise. From these faculty members known for easy accessibility and their collaborative approach to teaching Executive MBA students, you will gain cutting-edge knowledge of how business theory and practice come together.

Dick Daft, Brownlee O. Currey, Jr. Professor of Management Dick Daft is a noted expert in change management, organization behavior, organization design and leadership and serves as the “Group Doctor” for the Executive MBA program. He has published 12 books, including the newly released The Executive and the Elephant— and dozens of articles on these subjects. He also developed and managed the Center for Change Leadership. Dick’s books on organization management and leadership are the most widely used in their categories at business schools around the world.

Bruce Cooil

The Dean Samuel B. and Evelyn R. Richmond Professor of Management Bruce Cooil has wide-ranging business and academic experience as a statistical modeler. He has worked with health care firms, including HCA, Solucient, TeamHealth, Tennessee Oncology, and LIFETEST to create models for the delivery of more effective health care services and to develop forecasts of mortality and morbidity rates. In the area of marketing research, he has worked with Ipsos Loyalty and AT&T. Bruce has also written and consulted on medical malpractice and automobile insurance claims and indemnities, and has developed predictive insurance models for AARP and the Robert Wood Johnson Foundation.

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Ray Friedman, Brownlee O. Currey Professor of Management Ray Friedman is an expert in human organizational behavior focused on understanding how cultural differences and backgrounds influence both negotiation and conflict resolution. He is also a leading expert in Chinese management, focusing on conflict styles, negotiation arbitration and biculturalism in management. Luke Froeb, William C. Oehmig Associate Professor in Entrepreneurship and Free Enterprise Luke Froeb joined the Owen faculty in 1993 as an expert in the economics of competition policy. From 2003 to 2005, he was appointed Director of the Bureau of Economics at the Federal Trade Commission, where government antitrust agencies widely used his merger models to predict anti-competitive behavior.

Nancy Lea Hyer, Associate Professor of Operations Management Nancy Lea Hyer’s work in the academic and business communities has focused on cellular manufacturing, process redesign and project management, including a successful career at Hewlett-Packard. She is also the co-author of Reorganizing the Factory: Competing through Cellular Manufacturing, which captured the 2003 Shingo Prize for Research in Manufacturing. Dawn Iacobucci, E. Bronson Ingram Professor in Marketing Dawn Iacobucci, who joined the Owen faculty in 2007 after spending the previous three years at Wharton, is a renowned expert on networks, customer satisfaction, service marketing and quantitative psychological research. Iacobucci’s recent textbook, MM (Marketing Management), is quickly gaining critical acclaim. Craig Lewis, Madison S. Wigginton Professor of Finance Craig Lewis, the Finance-area coordinator, joined the Owen faculty in 1986 and has been widely published since that time on such financial issues as volatility, debt and capital structure. His interests include equity analyst behavior, the security issue process and corporate financial policy. Brian McCann, Associate Professor of Strategic Management Brian McCann is an expert in strategic management and entrepreneurship. He joined the Owen faculty in 2009 after completing his PhD in strategic management from Purdue and is a co-author, with Luke Froeb, of the leading textbook Managerial Economics: A Problem-Solving Approach.

Meet Executive MBA Faculty owen.vanderbilt.edu

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admissions

Is a Vanderbilt Executive MBA right for you? Attend a Preview Day or Information Session Come talk with us. to learn more. Or just call. Anytime. Admissions events and activities. Preview Days Preview Days offer the most intensive insight into the Vanderbilt Executive MBA experience; if you are seriously considering this degree, this three-hour time investment is a must. You will have a chance to talk with current students and get candid answers to your questions from a panel of alumni. You will participate in a sample class with Vanderbilt’s business faculty. All Preview Days are held on the Vanderbilt campus in Nashville.

Information Sessions These informative sessions are hosted in cities that are within easy commuting distance of Nashville. You will meet Executive MBA staff and local alumni who will cover all of the basic facts of the program—benefits of the program, profiles of students and alumni, curriculum, logistics and application and admission requirements.

Check Dates, Times & Locations owen.vanderbilt.edu

Before you apply, answer these simple questions.

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Is your family ready? • Is your support system (spouse, partner, children) prepared for your individual and group study commitments outside of the classroom? • Is your family committed to participating in family events at Vanderbilt and connecting with your C-Team’s families?

The admissions interview All serious applicants are interviewed during the admissions process by the Associate Dean or Director of the program. In addition, pre-interview consultations are available anytime to determine your fit and timing, counsel you on GMAT prep and consult with you on approaching your employer for sponsorship. Annual tuition and fees Tuition for the academic year 2010-2011 is $42,850, payable in October (40 percent), February (40 percent) and June (20 percent). Additional fees of $6,000 include books and printed materials; parking permit; breakfasts and lunches while classes are in session; special events and receptions; room and meals for a residency; library and database access; graduation expenses; and academic services. Tuition for Year Two typically increases 4 to 7 percent annually although it was only 2.5 percent last year. Students are responsible for travel and lodging (if necessary) for all class weekends in Nashville and airfare for the International Residency.

• Allow sufficient time to prepare for the GMAT. We are happy to counsel you based on a GMAT score to determine next steps. Sometimes, additional preparation (Math and Statistics Camp and/or our online math course) is a condition of admission. • Priority enrollment deadline is June 1. June and July decisions will be made as needed to fill the class and round out the C-Teams. • Math Camp (four Saturdays starting in July) is complimentary for admitted students. We strongly encourage you to complete the application prior to June 1 so that we have ample time to determine whether the camp is right for you.

If you have any questions, please contact us at emba@owen.vanderbilt.edu, 615.322.3120 (daytime) or 615.343.9865 (evenings and weekends).

Visit owen.vanderbilt.edu to learn more about financing your Executive MBA. Company sponsorship Loans Yellow Ribbon GI Education Enhancement Program Annual tuition scholarship for one Middle TN nonprofit organization

Is your employer ready? • Can you arrange time away from the office (one week-long residency in fall 2011 and another in spring 2013)?

• Is your employer receptive to your new ideas so that your new MBA skills and solutions have a chance of gaining implementation? • Is your employer willing to offer financial sponsorship? (The majority of Vanderbilt Executive MBA students are self-funded.)

The completed application includes the following: • Application form, along with a nonrefundable application fee of $150. • A Candidate’s Admission Statement (one-page essay) that describes your career, your reasons for seeking an MBA and the benefits you anticipate in your career • Graduate Management Admission Test (GMAT) scores • Official transcripts from undergraduate and graduate course work • Two letters of recommendation from executive colleagues, which can be done electronically via the online application

Dates to consider Once your application is complete, we will notify you of the admissions decision within ten business days. Application review is on a rolling basis for the class entering in August. While applicants may apply at any time, please consider these natural deadlines:

s s s

Are you ready? • Can you dedicate 20 study hours each week outside of class and your personal and professional responsibilities? • Have you spent adequate time to complete community leadership obligations to remove yourself temporarily from these commitments and make time for the Executive MBA program? • Are you willing to dedicate two Saturdays per month for 24 months to this intense educational commitment? • Have you talked with your family about this program?

Applying to the Vanderbilt Executive MBA program. Apply online at vanderbiltemba.com.

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ABOUT US

Become part of a stellar university. And a great school of business. Vanderbilt University is a private research university of about 6,500 undergraduates and 5,300 graduate and professional students. Located in the heart of Nashville, Vanderbilt’s 330 acres are home to architectural treasures and a national arboretum. Dubbed the “Southern Ivy,” Vanderbilt is comprised of many highly ranked schools—arts and science, business, medicine, education, law and divinity—as well as a distinguished medical center, a public policy center and The Freedom Forum First Amendment Center. Vanderbilt Fast Facts

• Vanderbilt is one of America’s top universities, ranked #17 by U.S. News and World Report. Newsweek recently selected Vanderbilt as one of the “New Ivy League” schools. • Located a mile and a half from downtown Nashville, the 330-acre parklike campus is designated a national arboretum. • All 50 U.S. states and more than 90 countries are represented by the Vanderbilt student body. • Vanderbilt faculty members have won numerous prestigious awards, including Nobel, Fulbright, Guggenheim, MacArthur, Mellon, National Endowment for the Humanities and National Science Foundation.

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Among the many amenities Vanderbilt students enjoy: • Sports & Recreation. The Student Recreation Center houses a variety of sport courts, a track, indoor pool, weight room, classes and more. More than 40 intramural sports give students of all skill and ability levels a chance to compete. • Athletic Events. Vanderbilt competes at the highest level of the NCAA (Division I-A) within the Southeastern Conference in such sports as basketball, football, baseball, soccer, tennis and golf. • Music & the Arts. The Sarratt Student Center features a cinema, art gallery and art and dance classes. Blair School of Music features world-class concerts. For more than 30 years, the Rites of Spring concert series has brought some of the nation’s hottest alternative and independent acts to campus.

About the Owen Graduate School of Management

In 1969, the Vanderbilt Owen Graduate School of Management opened its doors to 10 students and 10 faculty members in a former funeral home. Today, Owen is one of the world’s top business schools and is widely recognized for its challenging academics, stimulating and innovative research environment, a strong student/ faculty ratio and a spirit of teamwork. The Vanderbilt Executive MBA program was launched in 1978. Vanderbilt students, faculty and alumni agree: this is a special place where you find support and encouragement for reaching your goals. And once you belong to the Owen community, you belong for life. We have always sought out a select number of individuals who seek to shape the Owen experience to fit their needs and aspirations—and who, in doing so, exert a shaping influence on the larger community—our school, our university and beyond. Old Mechanical Executive Programs are housed in Old Mechanical, one of the original buildings on the Vanderbilt campus. This building has been updated several times over the years with a significant remodel in 2008. Designed with feedback and funding from Executive MBA students and alumni, this space combines the unique historical character of a circa 1888 brick building with classrooms boasting contemporary, flexible seating and state-of-theart technology. The Executive Lounge bundles together a business center, study area and catering kitchen, providing a home away from home for executive students.

World-class management library The Walker Management Library offers resources and personal service that are unmatched at most top-tier business schools. Each C-Team is assigned a research librarian who will guide members to the right databases and assets for any given assignment; these services can be accessed on campus or over the Internet from remote locations. In addition to space in the Executive Lounge, the library offers 21 study rooms for team meetings, equipped with wireless Internet access and ample work tables and seating. Online course work and collaboration tools Executive MBA students use “BlackBoard,” a best-of-class learning system used by Vanderbilt and other prestigious universities. While this will be a primary tool for online assignments and faculty communication, there are many other tools such as Skype and Panopto available to faculty and teams to collaborate and present important information. All are vetted and supported by Owen’s IT Services department.

Which program is right for you? Explore all programs for working professionals at owen.vanderbilt.edu. n

Executive MBA

Master of Management in Health Care

Executive Development Institute – Open Enrollment Programs

Advanced Certificate in Health Care Management

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On our cover

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Our Promise To students:

To business:

Here is a place where you will be challenged to achieve your potential; find support as you shape your future; discover lifelong friends and mentors; and open doors to new possibilities.

Here is a place where you will find the men and women who have the skills, the drive, and the determination to move your organization forward.

To faculty and staff:

To alumni:

Here is a place where you can engage, think, reach, teach, influence people, and transform the world around you.

Here is a place that you can call home, build business relationships, and inspire those who follow to reach even higher.

Laurent Cros Vanderbilt Executive MBA 2010 Aftermarket Sales Manager, Goss International Franklin, TN

A Vanderbilt MBA with the Executive Edge. Vanderbilt Executive MBA Vanderbilt University Owen Graduate School of Management Executive MBA 401 21st Avenue South Nashville, TN 37203-2422

Telephone: 615.322.3120 Fax: 615.343.2293 Email: emba@owen.vanderbilt.edu URL: vanderbiltemba.com

Discover this place. Shape your world.®

Vanderbilt is an equal opportunity, affirmative action university.

Discover this place.

Shape your world. ®