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QS TopExecutive Guide Fall/Winter 2017 - Spring/Summer 2018 1

Editor’s DeskOne of the things for which we are best known here at QS is our research and rankings. Our goal is to provide insightful and impartial information to help you make informed decisions.

The QS Global EMBA Rankings are the latest addition to the canon. Using a carefully balanced methodology that considers the opinions of employers and academics, the makeup of the EMBA classroom, and the results achieved by graduates on completion of their program, we have identified the world’s best EMBA programs.

This takes the form of a regionally-divided global top 100, and an additional 20 joint programs that straddle two of more institutions (and, more often than not, continents). Want to know which programs came out on top? The answers are contained within these very pages. As ever, we recommend that you do not rely on rankings alone to make your decision – do your due diligence, speak to schools and make sure, above all, you find that all-important fit.

Part of that is deciding whether an EMBA is indeed the right course format for you. We’ve included some articles to this effect, as well as a checklist to ascertain whether you’re ready to begin the competitive admissions process. You’ll also find a section on the outcomes of an EMBA, looking at everything from bridging the gender confidence gap to the benefits your employer will enjoy.

This – and the guide – culminates in the real-life stories of five alumni of prestigious EMBA programs. These serve to illustrate the incredible ROI, invaluable insight into business, and incredible networking potential delivered by an executive MBA education.

Hopefully you’ll soon have a story of your own to tell…

Mansoor IqbalEditorTopExecutive Guide

2 QS TopExecutive Guide Fall/Winter 2017 - Spring/Summer 2018

Admissions

4 Which MBA Program Type is Right for You?It’s easy to get confused between all the different MBA program types on offer. Let’s consider them in simple terms.

6 ChoosinganExecutiveMBAThatFitsIE Business School’s Ignacio Gafo shares his views on how to navigate the complex array of executive MBA program choices available to you.

8 Are You Ready to Apply for an Executive MBA?Getting your ducks in a row: Where are you on the EMBA preparedness scale?

Rankings

10 QS Global EMBA Rankings: An OverviewHighlights and methodology

12 TheWorld’sTopEMBAPrograms:RankedThe inaugural QS World EMBA Rankings identify the world’s strongest EMBA programs, using a finely-balanced bespoke methodology. The top 100 schools are split up into regional rankings, with an additional ranking for joint programs hosted by two or more schools. Which schools come out on top? Read on to find out…

12 US & Canada14 Europe16 Asia-Pacific18 Latin America20 Joint Programs

ContentsQS TopExecutive Guide

EditorMansoor Iqbal

Production ManagerNicola Chambers

Editorial, School Profile Layout and Front CoverEd Winder

Design ConsultantJake Costain

Editorial contributorsMansoor Iqbal Karen Turtle Tim Dhoul Ignacio Gafo

Managing DirectorNunzio Quacquarelli

Sales EnquiriesJames [email protected]

UK Sales Office1 Tranley MewsFleet RoadLondon NW3 2DGTel. +44 207 284 7200email: [email protected]


Outcomes

22 HowCanEMBAStudentsAchieveTheirGoals?B-School Q&AsWhat career services are on offer to EMBA students and how can they best capitalize on them? We spoke to two prominent schools to find out.

24 TheGenderConfidenceGapandtheExecutiveMBAA few ways in which attending business school for an executive MBA can help engender confidence and advance the careers of female leaders.

26 HowanExecutiveMBABenefitsEmployersThe employer’s return on investment: From alumni networks to an EMBA candidate’s ability to implement positive changes to their organization.

28 Leadership Coaching & Neuroscience: EMBA Program InnovationsBusiness simulations and brain scans: Insights into leadership coaching on EADA and HHL Leipzig’s Global Executive MBA program.

PeopleFive successful alumni from around the world tell us about how their executive MBAs got them where they are today

30 DianaFischer,QuestromSchoolofBusiness(Boston University)

31 DeborahPeracchi,MIP(PolitecnicodiMilano)

32 SheillaLienerth,WeatherheadSchoolofManagement (Case Western University)

33 AlejandroParilli,IMMGlobalExecutiveMBA

35 MichelleRedfern,RMITUniversity

EMBASchoolProfiles

36 CELSA Paris-Sorbonne

37 HEC Lausanne Executive MBA

38 Hult International Business School

39 IE Business School

40 SKEMA BUSINESS SCHOOL EXECUTIVE MBA PROGRAMME


Admissions

Which MBA Program Type is Right for You?

who have a clearer idea of their desired outcomes. There might be a greater focus on real-life projects and simulations. This is a format which is particularly popular in Europe, with more functionally-confident candidates enrolling slightly later in their career.

TheacceleratedMBA: A midway option, predominantly found in North America (hence accelerated rather than extended). These are aimed at candidates who are confident in the functional core modules, and do not need to study them as rigorously.

The part-time MBA

The part-time MBA degree is a full-time program equivalent studied over a longer period – often flexible. Students can

If only choosing which MBA to go for were as carefree as rummaging for the best candy in a pick-n-mix. It can, however, be just as delightful. Today, there is a splendid global selection of MBA program options available. Not just in terms of curricula and electives, not to mention location, but also length, delivery and intensity. Something, in short, to suit everybody.

Having an extensive range of MBA program opportunities no more than a Google search away is terrific, but the process of making the final choice can be daunting.

Let’s take a look at the various MBA program types, or formats on offer. It is important to point out that the differences between one MBA program type and another are not always clearly delineated – there’s a lot of flexibility and overlap.

The full-time MBA program

The full-time MBA is pretty much what it says on the tin. Participants of this program opt to either leave, or shelve their jobs, for between 10 and 24 months to take the full-MBA study plunge. Three program subtypes fall under the full-time umbrella. They are:

Thetwo-yearMBA: Common in North America, this provides students with a summer internship opportunity halfway through the program. Participants of this longer program tend to have more opportunities to explore program electives, useful for career changers. Candidates tend to have less workplace experience.

Theone-yearMBA: A more intensive, condensed option, better suited to those

It’s easy to get confused between all the different MBA program types on offer. Let’s consider

them in simple terms.

By Karen Turtle


continue in employment as classes are held during evenings, or over weekends. Traditionally these programs would require you to be on-campus for classes, so would be best suited to candidates who live in relatively close proximity to the school. There is increasingly crossover, however, with…

The distance online MBA

The distance online MBA (they bear all sorts of names) is also a part-time degree, usually undertaken by students who want to remain in their current job role. For the majority of the program, participants study course materials via a designated software platform, and will interact with professors, mentors and peers using video conferencing, discussion threads, email and so on. Reputable programs are usually not conducted entirely remotely, featuring an on-campus requirement. This can be a residential leadership week at the beginning of the course, for example, or projects, events or conferences later on.

The executive MBA (EMBA)

The executive MBA is geared toward more senior professionals who want to combine their work with further study. Traditionally, they would be company sponsored, though recent years have seen an increase in self-funded candidates. The average executive MBA candidate in 2016 was 38 years of age.

This part-time degree is usually offered in a modular format, where students can attend classes over a set number of intermittent residential weeks, or over weekends and evenings. EMBA programs can be fast-tracked so that they are completed in as little as 18 months, or studied over a longer duration.

An alternative is the global executive MBA (GEMBA), ideal for participants focused on conducting business on a multinational level. This MBA program type gives students the opportunity to study and get engaged in work projects cross-continentally – often visiting as many as six or seven countries over the duration of the program.

Candidates can additionally apply to an increasing number of joint executive MBA programs. These courses are a collaboration between two or more leading business schools.


Admissions

Choosing an Executive MBA That Fits

Make a full assessment of your needs and circumstances

There is no sugar coating the fact that an MBA of any shape or form takes considerable resources, both personal and financial. In fact, one reason many candidates opt for the executive MBA over other formats of the program, is the course’s flexibility and modular nature – instead of taking a year off to study full time, students can remain fully

Most senior professionals looking to accelerate their career with an executive MBA (EMBA) face what is, without dispute, a very common conundrum – where to being your search. “You only take an MBA once in your life, so you really need to make the right decision,” says Ignacio Gafo, vice dean for global and executive MBA programs at IE Business School.

Today, there are more executive MBA candidates than ever, and the world’s business schools are extending their scope of offerings to meet the demand. This, on the one hand, is very helpful but, on the other hand, makes choosing a ‘best-fit EMBA’ from the panoply of options available a little more complicated. In order to guide the perplexed, Gafo shares some tips designed to help future students get on track for an executive MBA program that works best for them.

IE Business School’s Ignacio Gafo shares his views on how to navigate the complex array of

executive MBA program choices available to you.

By Karen Turtle


involved in their organization’s operations, and study part time.

This leads to Gafo’s first point, that before beginning your search, “You need to consider, on top of traditional criteria, how the degree fits into your personal and professional life.” Will your employer give you the time off to study and will this time be offered as paid leave, or must you work overtime to compensate? A second employer/employee consideration is funding. If luck, and perhaps merit has it, your company may fully, or partially, sponsor the costs of your EMBA course. This is worth looking into, alongside more personal considerations such as family obligations, travel flexibility and so on.

The second point Gafo mentions is that, “What works for a full-time MBA, doesn’t necessarily work for an EMBA”. Executive MBA candidates are almost by definition ‘senior’, with the average student having 14 years of career experience and being just two years shy of their 40th birthday. “This means that interpersonal skills, for instance, may be even more important than

for the full-time MBA,” states Gafo – a point worth noting, not just to decide whether an executive MBA is the right program choice, but also when honing those soft skills to prepare for admission.

Plot a clear course in your executive MBA search

Now that you have assessed your finances, time flexibility, family obligations, and have your employer’s and/or your own backing, you can be rest assured that the optimal conditions are in place for your program search to begin in earnest.

At this juncture, you may nevertheless find yourself in something of a quandary. To start, “There might be some misunderstanding about what an executive MBA is – different institutions may define their programs differently,” explains Gafo. This means that a course may not be formally branded as an executive MBA, but still is, to all intents and purposes, an EMBA. The Thunderbird School of Global Management’s ‘Executive Master of Global Management’ is one such example.

As a solution, IE Business School’s Ignacio Gafo suggests that you refer to these three main sources to filter out the programs most suited to you:

• EMBA rankings• Word of mouth (This could be references

from business school alumni or friends)• Accreditation (EQUIS, AMBA, EPAS and

AACSB)

Providers of executive MBA rankings are, as you might expect, essentially performing the EMBA classifying task for you. For example, it can be hugely reassuring to know that an EMBA program is listed in most, if not all executive MBA rankings, as a signifier of quality.

EMBA rankings can not only indicate who the top business schools are, but they can also (depending on the ranking) give you information on specific points of interest, such as salary uplift as well as factors pertaining to class and faculty diversity. Indeed, it’s very much worth comparing the various executive MBA rankings together since their metrics on the strengths of each program will vary.

Gafo lists ‘word of mouth’ as another excellent way of getting the inside view on the whole EMBA experience. Business schools will encourage you to reach out to their alumni network, and friends and family should be a definite first port of call.

The release of the QS Global EMBA Rankings 2017

With EMBA candidates in mind, and acknowledging a greater need for prospective students to be granted access to a more holistic view of the strengths of EMBA programs globally, QS has launched executive MBA rankings for the US & Canada, Europe, Asia-Pacific, Latin America and joint programs. Gafo describes the methodology behind the new rankings as “smart and innovative”, adding that, “[QS has] considered stakeholders and criteria, assigned them different weights and has come up with a new perspective for potential students.” QS hopes these latest rankings will provide candidates and readers with an invaluable new tool – helping them to further fine tune their EMBA program search, and to set them on a clearer trajectory to ever greater career successes.

You can see these rankings on TopMBA.com as well as in the very guide you have in your hands!


Admissions

Are You Ready to Apply for an Executive MBA?

meanwhile, places significant emphasis on experiential learning. Kellogg School of Management embraces the team-based approach, while other business schools

A professional career tends to develop in quite distinct stages. Early careers are often defined by uncertainty – this is a period where the learning curve can be at its steepest, and is also, for those go-getters among us, a time where progression up the ladder is frequently at its fastest. Then comes the plateau. Thirtieth-birthday celebrations pass, the plaque on the door says ‘manager’, but keys to the corner office still seem to be very much out of reach. There is, or so it can appear, a painfully perceptible gap (what might even feel like a chasm) to be bridged in order to get from the confines of middle management to the c-suite.

The GMAC 2016 Alumni Perspectives Survey found that the three main reasons senior professionals choose to do an executive MBA (EMBA) are to further their personal development, to extend their existing knowledge and skills, and to increase their salary. An executive MBA from a top business school can go some way toward granting these wishes; however it is important that prospective candidates are ready to put in the work in order to fully benefit.

Here are four points to consider before you apply for an executive MBA.

Committing to the executive MBA means recommitting to textbooks

Many years may have passed since you leafed through the pages of a doorstop-sized textbook. The executive MBA program will, among other things, immerse you in the core concepts of finance, strategy, marketing, operations, and so on. It is therefore important to assess what kind of learner you are, and to determine whether going back to study and investing 12 to 15 hours a week on coursework is viable.

Each top business school will also have its own teaching approach. IE Business School is, for example, well known for its use of the case study method. NYU Stern

Getting your ducks in a row: Where are you on the EMBA preparedness scale?

By Karen Turtle


may be more about individual work. Most schools accommodate all of the above to varying degrees, but it’s important to determine which school’s or schools’ approaches best fit your learning style before you apply.

Self awareness: Can I successfully do this?

With fees for EMBA programs at some elite business schools hitting six-digit figures, it is important that you assess your commitment levels before you or your employer commits. In the build up to applying, make a list of your personal strengths and weaknesses. Will you be able to balance work, study and family responsibilities? Can you ride out challenges at the office alongside EMBA

project deadlines? Will you be able to stay chipper through the course of the program, or could stress levels exceed sensible levels?

Will your employer be amenable to the EMBA?

It is of course crucial that you do not jeopardize your job or business in any way. You will have to evaluate whether your work is conducive to doing the executive MBA. This is also where you have to sift through the various flexible program choices on offer. Many business schools can fast-track your EMBA so that learning is covered in as short as a 15-month period, but are also open to extending the duration of the program as may be required. Different executive

MBA programs also offer different flexible schedule options. Classes could be one-week long residentials, or they could be offered over weekends or evenings. For applicants interested in global projects, a large number of top business schools incorporate overseas study stints.

Bear in mind that work obligations may also be an impediment to your performance in the classroom. You will need to have a supportive boss who sees the overall value and transferability of the EMBA; that is, its potential to positively influence you, your team’s and your company’s performance over both the short and long term. Understanding this, your line manager will need to be open to giving you sufficient time sponsorship.

Family matters

The average executive MBA candidate is 38 years old. This means that many students on the program are not only juggling work and study, but the needs of family as well. It’s essential to consult your partner, children, parents and friends before filling out the first boxes of the EMBA application form – these people know you best, and, like your employer, will need to accept the time cost, albeit informally.

The EMBA is the most likely degree to be recommended by alumni

Once you have both family and employer approval, and you know that you have the mental energy and time resources to commit to the EMBA program of your choosing, you can rest assured that you have set yourself up well to get good return on investment (ROI).

The GMAC 2016 Alumni Perspectives Survey found that it only took EMBA graduates two-and-a-half years to recoup their investment, largely because they didn’t have to quit their jobs to study full-time. Median ROI three years post graduating was 198%, which rose to 486% after five years, and to a staggering 1,747% after 10 years.

The same report stipulates that the executive MBA format, as opposed to full-time, part-time and online formats, was the most-favourably recommended by alumni.


Editorial

QS Global EMBA Rankings: An Overview

in this assessment, followed closely by London Business School. France’s HEC Paris lies in third position.

Chile’s Universidad Adolfo Ibáñez claims first place in Latin America

Latin American schools are working hard to gain traction in the EMBA sphere. QS’s inaugural EMBA rankings by region have recognized four programs in the region, with Chile’s Universidad Adolfo Ibáñez at the helm of these.

2017 saw the release of the first ever QS Global EMBA Rankings. The new rankings are split regionally and there is a separate ranking for executive MBA programs that are offered jointly between business schools.

The executive MBA rankings incorporate traditional (albeit executive MBA-customized) ranking metrics, and make use of the QS Global Employer Survey to give candidates an insight into programs attached to leading business schools for employability.

Here are some highlights from the QS Global 100 EMBA Rankings by Region 2017 and the QS Global Joint EMBA Rankings 2017.

Kellogg School tops two categories in inaugural EMBA rankings

The Kellogg School of Management not only tops the chart for executive MBA program provision in the North America region, but appears three times within the top 10 of the joint executive MBA program ranking as well, including the top spot for its program offered in collaboration with HKUST. In North America, the Kellogg School stands ahead of the executive MBA programs available at Wharton and Chicago Booth.

Business schools in China and Hong Kong dominate Asia-Pacific top 10

There is certainly no underestimating the strength of EMBA programs offered in China and Hong Kong. The two nations dominate QS’s regional EMBA ranking for Asia-Pacific, taking 50% of the top 10 places, with CUHK Business School leading these representatives in third place. However, the two coveted top spots are taken by National University of

Singapore Business School and Australia’s Melbourne Business School, in first and second place, respectively.

The UK leads in the regional EMBA ranking for Europe

The UK, like the US, is a recognized leader in MBA provision and has an established executive MBA market. It’s therefore no surprise that the country prevails in QS’s regional EMBA ranking for Europe. Oxford University’s Saïd Business School leads

Which business schools top QS’s inaugural assessment of executive MBA provision around

the world?

By Karen Turtle


The methodology

In putting together the inaugural QS Global EMBA Rankings, the QS Intelligence Unit assessed input from academics in business and management and international employers recruiting from the best EMBA programs worldwide, as well as looking at student profiles and career outcomes. A total of five indicators were used to evaluate each business school’s executive MBA program, with the results of the QS Global Employer Survey and the QS Global Academic Survey carrying the most weight. Here’s a brief synopsis:

• Employer index (25%): Employers list the business schools from which they are most likely to hire.

• Academic index (25%): Academics rate domestic and international institutions for research excellence. Survey responses are assessed alongside an analysis of faculty citations per paper.

• Executive profile (20%): Measures include years of work experience (5%), management experience (5%), c-suite

experience (5%) and previous salary (5%).

• Career outcomes (20%): Measures include salary uplift (10%) and promotion (10%).

• Diversity of class (10%): Measures include the number of nationalities (5%) and female representation (5%).

For a more complete view of the QS Global EMBA Rankings methodology, see TopMBA.com.

A new measurement of executive MBA programs: The experts’ view

We asked business schools their view on QS’s new global EMBA rankings, the methodology, in particular. Here’s what they had to say:

“It is refreshing to see a new ranking with a different take on how it is constructed. It is important for students to realize when studying a ranking how it has been put together and the different weightings given to certain areas of a course. They all tend

to reveal a different aspect about a business school and when used together can present a more detailed picture of the business school market.” John Colley, associate dean at Warwick Business School

“What really sets the QS ranking apart is the engagement with employers which benefits candidates and their organizations as well as potential employers reviewing the quality of a business school’s EMBA program. In the EMBA market, the candidate’s manager is an important decision maker and influencer so having employer input is highly valuable.” Michala Røder, senior alumni relations manager at Copenhagen Business School

“QS has come up with a new rigorous approach to tackle a complex decision and provide students with a multi-perspective that will certainly help them decide what is right for them. Other sources (in particular, the admission process) also need to be considered, but this ranking will help students decide what is the right executive MBA program for them.”Ignacio Gafo, associate dean at IE Business School


Rankings

includes a residency requirement, meaning candidates will spend a weekend in a hotel with their fellow classmates creating a focused learning environment. Applicants have an average 11 years of experience and can expect a 46% increase in their salary.

3. Booth School of Business, University of Chicago: Executive MBA (Chicago, IL)

The originator of the executive MBA, Chicago Booth still offers one of the world’s best programs. The 21-month course can be taken at any of three campuses – Chicago, London or Hong

The top-10 institutions might all be in the US, but Canada still performs well with three business schools making it into the ranking overall.

1. Kellogg School of Management, Northwestern University: Executive MBA (Evanston, IL)

The EMBA program at the Kellogg School of Management at Northwestern can be taken in two formats: bimonthly at the Evanston, Chicago campus, or monthly at the Miami campus. The course lasts two years and highlights include the ‘Emerging Markets’ courses, which explore business

in developing economies. The course price is US$201,120, students usually have around 13 years’ experience and graduates can look forward to a 38% increase in salary after graduation.

2. Wharton School, University of Pennsylvania: Wharton MBA for Executives (Philadelphia, PA)

Wharton School’s EMBA takes place at either their Philadelphia or San Francisco campuses. The 24-month course costs US$198,600, and for that students can expect an intensive study experience with a wealth of electives available. The course also

Institutions in the US and Canada dominate in the EMBA world, comprising 51% of the

ranked institutions in the QS Global 100 EMBA Rankings by Region.

By Amelia Hopkins

Where Are the US and Canada’s Top EMBA Programs?

San Francisco, USA


Kong, and during international sessions week, students can move between locations, making this course truly international. Program fees for the US location are US$184,000. Students have an average of 12 years’ work experience and graduates can expect a 44% increase in their salaries after completion.

4. Anderson School of Management, UCLA: UCLA Anderson Executive MBA (Los Angeles, CA)

The two-year program at UCLA Anderson School of Management in Los Angeles offers a truly international experience, with over 20 international study options and 48% of students born outside of the USA*. The course can be taken entirely in-person or partially online. It costs US$148,470, applicants have an average of 14 years of experience and can look forward to a 63% increase in their salary post-graduation.

5. Columbia Business School, Columbia University: Executive MBA-New York (New York, NY)

Columbia’s executive MBA can be taken in either 16, 20 or 24 months, thanks to flexible scheduling options. Despite having the largest EMBA student body in the world, Columbia emphasizes a ‘tight-knit’ community feel to enhance collaboration and success, and its New York City location means student benefit from one of the world’s most important financial hubs. The course costs US$196,200, applicants have an average of nine years’ experience and can expect a 39% increase in salary after graduation.

6. Haas School of Business, UC Berkeley: Berkeley MBA for Executives (Berkeley, CA)

According to Berkeley-Haas, the four principles which define the school are: ‘question the status quo’, ‘confidence without attitude’, ‘students always’, and ‘beyond yourself’. The institution’s 19-month EMBA course focusses on these key principles. The price for the course is US$185,000, applicants have an average of 13 years’ experience and can benefit from a 54% increase in salary after graduation.

7. Yale School of Management, Yale University: Yale MBA for Executives (New Haven, CT)

Yale’s executive MBA is a 22-month course which focuses on areas

where business and society overlap: asset management, healthcare and sustainability. The program is 75% general management and 25% on a specific area of focus. It takes place on Yale’s main campus and includes a four-week in-residence and a short residence abroad. Students pay US$172,000, usually have around 12 years of experience, and can look forward to a 46% increase in their salary after graduation.

8. Sloan School of Management, MIT: MIT Executive MBA (Cambridge, MA)

MIT’s executive MBA is a 20-month program costing US$161,000. As you would expect from one of the world’s top institutions, the rigorous curriculum focuses on applied learning, and students benefit from faculty expertise and a vast network of alumni. The course takes place on the Cambridge MIT campus and costs US$161,000. Students have an average of 17 years’ experience and can look forward to around a 17% increase in salary.

9. Stern School of Business, NYU: NYU Stern Executive MBA (New York, NY)

A 22-month EMBA program at NYU Stern offers a broad choice of electives and international opportunities. The institution focuses on four core values: ‘academic excellence’, ‘IQ & EQ’, ‘collaborative community’, and ‘the energy of a global hub’. Students generally have around 14 years’ work experience before applying. The cost of the course is US$189,200 and for that price can expect around a 38% salary increase after graduation.

10. Fuqua School of Business, Duke University: Duke MBA-Global Executive (Durham, NC)

Fuqua School of Business’s EMBA takes 16 months to complete. Two terms are completed at Duke’s main campus, the other three involve a residency in a selected region around the world. This reinforces the focus of the course - internationalization and business in a globalized world. The course costs US$184,600, students have an average of 14 years’ experience and can expect a 38% increase in salary after graduation

Location listed is main campus

Program Location Fee Work Exp. (months)

Salary Uplift

11 Ross School of Business, University of Michigan: Executive MBA

Ann Arbor, MI

$144,200 14 36%

12 McCombs School, University of Texas at Austin: Texas Executive MBA

Austin, TX $113,410 13 63%

13 SC Johnson School of Management, Cornell University,: Cornell Executive MBA Metro NY

New York, NY

$169,740 13 42%

14 Marshall School of Business, University of Southern California: Executive MBA

Los Angeles, CA

$140,000 14 17%

15 Max M. Fisher College of Business, Ohio State University: Executive MBA Program

Columbus, OH

$115,000 17 32%

16 Rotman School of Management, University of Toronto: Executive MBA

Toronto, ON (CAN)

$78,768 13 17%

17=

Krannert School of Management, Purdue University: Purdue Executive MBA Program

West Lafayette, IN

$65,000 14 67%

17=

Ivey Business School, Western University: Ivey Executive MBA Program

London, ON (CAN)

$75,087 15 26%

19 Scheller College of Business, Georgia Institute of Technology: Executive MBA

Atlanta, GA $82,500 13 29%

20 Questrom School of Business, Boston University: Executive MBA

Boston, MA

$99,500 15 17%


Rankings

Imperial College Business School in London offers a 23-month EMBA program, with all-day Friday and Saturday classes set as a requirement for the first year only. Students travel to institutions in the US, Europe and China for international residencies. Imperial College Business School prides itself on its strength in entrepreneurship. Tuition fees for the course total US $67,100, most applicants have 13 years’ professional experience and can expect a 49% salary increase after graduation.

7. Warwick Business School, University of Warwick: Executive MBA (Warwick, UK)

Warwick Business School (WBS) recommends that participants complete its executive MBA in around two years, but up to four years is permitted. The school boasts strength in big data and behavioral science, and embeds these subjects into its program. EMBA candidates at WBS

The UK is the base for 40% of programs in Europe’s top 10 EMBA programs, outlined below, with options in Spain, France, Italy, Switzerland and Germany taking the remaining six spots.*

1. Saïd Business School, University of Oxford: Oxford Executive MBA (Oxford, UK)

The Oxford Executive MBA is a part-time, modular degree that can be taken over 21 months. Three themes form the core of the Oxford EMBA program: Strategic leadership, entrepreneurial thinking, and global complexity and risk. Participants also visit China for the ‘Business in Emerging Markets’ module and India for a module entitled the ‘Global Rules of the Game’. The program costs US$92,283, candidates have an average of 14 years’ professional experience and can expect a salary increase of around 45% after completion.

2. London Business School: Executive MBA (London, UK)

Students of this 20-month program can choose to complete their studies in either London or Dubai. A highlight of London Business School’s EMBA program (and there are a few) is the ‘Global Business Assignment’, where candidates can take part in mini consulting projects across countries that include China, Dubai, South Africa and Russia. The course costs US$88,810, applicants have around 12 years’ work experience and graduates can expect a 33% salary bump.

3. HEC Paris: Executive MBA (Paris, France)

HEC Paris’s EMBA has five different study tracks, four of which are in France and one in Qatar. This is designed to accommodate students’ differing geographic locations and

varying work schedules. With international students in mind, HEC Paris also offers an international mobility option allowing for modules to be followed not only in Paris and Doha, but also in China and in ad hoc locations with partnering institutions. Students have an average of 16 years’ experience before starting this course and receive around a 16% salary bump after completion. The course costs US$66,850.

4. IESE Business School, University of Navarra: Global Executive MBA (Barcelona, Spain)

IESE Business School, headquartered in Barcelona, offers a 16-month executive MBA program. Participants can begin their EMBA studies with either an emphasis on Europe or the Americas. There are also residential sessions available in New York, Shanghai, Silicon Valley and Sao Paulo, as well as Barcelona. The program culminates in a four-month, in-company project. The course costs US$108,053, candidates have around 15 years’ professional experience and students can expect a huge 64% salary increase after graduation.

5. IE Business School, IE University: Global Executive MBA (Madrid, Spain)

The Global Executive MBA at IE Business School in Madrid is an intensive, 15-month program aimed at high-level executives whose focus is to manage transnational business. Students of the program spend residential periods in Spain, Singapore, the US and Brazil. The course costs US$75,000, most candidates have about 15 years’ experience and students see a 52% salary increase on average after completion.

6. Imperial College Business School, Imperial College London: Executive MBA (London, UK)

EMBA programs in Europe constitute 31 of the 100 programs featured in the first-ever

edition of the QS Global 100 EMBA Rankings by Region.

By Amelia Hopkins

Where Are Europe’s Top EMBA Programs?

Milan, Italy


can tailor their studies to specialize in; finance, healthcare, entrepreneurship or strategic leadership. Fees for this course total US$52,765, students have around nine years of experience and can expect a huge 74% salary increase after completion.

8. IMD: Executive MBA (Lausanne, Switzerland)

Students of the EMBA program at IMD in Switzerland can complete their study in as few as 15 months. The course (as is the case with many leading EMBA programs) blends face-to-face learning with online learning – this means that, at IMD, EMBA candidates need only be away from the office for around nine weeks. The IMD curriculum includes modules in India, China, Brazil, Silicon Valley and at its main campus in Lausanne. Students on this course usually have 16 years of work experience and receive around a 29% salary increase after completion. The course fees total US$101,921.

9. ESCP Europe: Executive MBA

The executive MBA at ESCP Europe catches the eye for the 73% salary increase it reports for its graduates. ESCP is a multi-campus school, a factor which allows EMBA candidates to opt for different geographic tracks, including the ‘itinerant study track’ in which students rotate between five locations; in Paris, London, Berlin, Madrid and Turin. Fees for this EMBA total US$58,240, students have around 13 years’ experience and graduates can expect a 70% salary increase after completion.

10. SDA Bocconi School of Management: Executive MBA (Milan, Italy)

Milan’s SDA Bocconi School of Management offers prospective EMBAs a flexible 20-month program in both Italian and English, and a Global Executive MBA program which is taught entirely


Salary Uplift

11 Cranfield School of Management, Cranfield University: Cranfield Executive MBA

Cranfield, UK

$43,920 13 33%

12 Copenhagen Business School: The CBS Executive MBA

Copenhagen, Denmark

$61,620 17 30%

13 Cass Business School, City, University of London: Executive MBA Programme

London, UK

$53,680 10 17%

14 Stockholm School of Economics: Stockholm MBA for Executives

Stockholm, Sweden

$44,000 13 41%

15 Strathclyde Business School, University of Strathclyde: Strathclyde Executive MBA - International

Strathclyde, UK

$26,840 14 55%

16=

Aalto University: Aalto Executive MBA

Helsinki, Finland

$45,552 14 36%

16=

Nottingham University Business School, University of Nottingham: Executive MBA

Nottingham, UK

$28,060 12 66%

18 Grenoble École de Management: Part-Time MBA

Tbilisi, Georgia

$13,728 11 55%

19 Henley Business School, University of Reading: Henley Executive MBA

Henley-on-Thames, UK

$41,080 17 36%

20 University of Bath School of Management: Executive Bath MBA

Bath, UK$34,320 15 34%

in English. Students usually have around 11 years’ professional experience before starting this EMBA, the course fees total US$40,560 and graduates can expect a salary increase of 36%.

*INSEAD is omitted from the 2017 ranking.



Rankings

is taught by leaders in the industry and promotes interactivity and international projects. The course costs US$70,572 and students have an average of 13 years’ experience before applying. Graduates average a 17% salary bump after graduation.

3. CUHK Business School, the Chinese University of Hong Kong: Executive MBA (Hong Kong)

“Tradition & Modernity. Chinese & Western” is the motto of the Chinese University of Hong Kong Business School, a sentiment which accurately summarizes the institution’s

The proximity of these institutions to major emerging Asian markets, along with financial world-capitals like Singapore, provides a fantastic setting for an EMBA course.

1. NUS Singapore Business School, National University of Singapore: NUS Asia-Pacific Executive MBA (Singapore)

National University of Singapore Business School’s EMBA runs for 15 months, among the shortest of this type of qualification. The program focusses on business in Asia-

Pacific and takes students to six countries in the region as part of the course. The price of the EMBA is US$65,550, applicants have an average of 16 years’ experience before attending and can expect a 26% increase in their salaries.

2. Melbourne Business School, University of Melbourne: Executive MBA (Melbourne, Australia)

Melbourne Business School offers an 18-month program, including a week-long overseas module in Asia. The global curriculum focuses on current affairs,

Asia-Pacific is a rapidly growing market in the business school world, particularly for

executive MBAs.

By Amelia Hopkins

Where Are Asia-Pacific’s Top EMBA Programs?

Dunedin, New Zealand


EMBA, focusing as it does on linking the western and eastern business hemispheres. The qualification lasts two years and costs US$70,895. The average professional experience of students is 17 years and a 21% salary bump post-graduation is common.

4.Ivey Business School Asia, Western University: Executive MBA (Hong Kong)

Graduates of Ivey Business School’s EMBA describe it as ‘transformational’. The course claims to develop leaders who can deal easily with cross-enterprise challenges. During the 15-month program students learn in a practical, hands-on way, alongside other talented business people. It costs US$75,087 and applicants have an average of 14 years’ work experience. Graduates see around a 26% salary bump post-graduation

5. Nanyang Business School, Nanyang Technological University: Nanyang Executive MBA (Singapore)

The Nanyang executive MBA is the quickest to complete on this list at just 14 months. Despite this, the course

is thorough and covers a significant amount. Participants can choose from ‘General Management’, ‘Aviation and Air Transport’ or ‘Hospitality Management’ tracks, and the program spans at least two continents – providing a truly international experience. It costs US$52,000, students usually have around 14 years of experience, and can expect a 43% rise in salary post-graduation.

6. Australian Graduate School of Management, University of New South Wales: AGSM MBA (Executive) (Sydney, Australia)

The AGSM executive MBA at UNSW Business School allows students to learn from like-minded peers, graduating with a new professional network and the skills needed to succeed. The course can be completed in anywhere from two and a half to seven years, with most students finishing in three and a half years. The course is tailored to students’ own personal interests and careers, it costs US$75,300, and provides an average 17% salary bump. Applicants usually have 9 years of professional experience.

7., City University of Hong Kong College of Business: Executive MBA (Hong Kong)

City U College of Business offers a 22-month EMBA, focusing on the Chinese market, but with a global outlook. The course offers a myriad of elective options so that students can focus on the most useful topics for them. The cost is US$77,340, students usually have around 16 years’ experience and can expect a 17% salary bump after graduation.

8=. RMIT University College of Business: Master of Business Administration (Executive) (Melbourne, Australia)

With study options in Vietnam, online study and international global intensives, RMIT’s EMBA is truly one of a kind. The course builds on students’ professional experience and helps with problem-solving to aid career progression. Flexible study options are available. The course is one and a half years full-time or the part-time equivalent. It costs US$40,925, applicants have an average of 9 years’ experience and can expect a 33% salary increase after graduation.

8=. Antai College of Economics, Shanghai Jiao Tong University: Antai Executive MBA (Shanghai, China)

Antai College of Economics’ EMBA focusses primarily on leadership development. The two-year course focuses on on-the-job learning and is taught in Chinese with components in English. The course costs US$75,320, attendees usually have 5 years of experience, and most benefit from a huge 75% salary increase upon completion of the qualification

10. Fudan University School of Management: Fudan Executive MBA (Shanghai, China)

Fudan University was one of the first universities to offer an EMBA in China, a mark of prestige reflected in the standard of the course. The course is tutored by some of the top Chinese scholars. Students here have a relatively low level of experience, averaging at 5 years, but can nevertheless expect a huge 54% salary increase after completion.



Salary Uplift

11 Bond Business School, Bond University: Master of Business Administration (Executive)

Gold Coast, Australia

$53,294 21 27%

12 QUT - Graduate School of Business: Executive MBA

Brisbane, Australia

$62,784 15 17%

13 Indian School of Business: Post Graduate Programme in Management for Senior Executives

Hyderabad, India

$50,137 18 17%

14 Indian Institute Management Bangalore: Executive Post Graduate Programme in Management

Bangalore, India

$35,653 9 17%


Rankings

average of 15 years’ work experience and can expect a 56% salary increase after graduation.

4. IAE Business School (Buenos Aires, Argentina)

IAE Business School offers three pathways for its EMBA – one taking 15 months and the other two 19 months each, offering a flexible approach for applicants. The average age of students is 33 years, with applicants having around 10 years of work experience. Graduates can expect a 17% increase in their salaries post-graduation.


1. Universidad Adolfo Ibáñez: Executive MBA (Santiago, Chile)

Universidad Adolfo Ibáñez was Latin America’s first business school, a position reflected in the caliber of their 20-month EMBA program. The US$32,350 Spanish-language course emphasizes leadership, innovation, entrepreneurship, and corporate social responsibility. Students generally have an average of nine years’ work experience and can expect a salary increase of around 42% after completion.

2. EGADE Business School, Tecnológico de Monterrey: Executive MBA (San Pedro Garza García, Mexico)

EGADE Business School’s 22-month EMBA is an English-language offering in

Mexico City. Students benefit from two qualifications – one from EGADE and one from McCombs School of Business of the University of Texas at Austin. The course costs US$79,000, students have an average of nine years professional experience before starting and receive an average 19% salary lift after graduation.

3. CENTRUM Católica Graduate Business School: Executive Global MBA (Lima, Peru)

CENTRUM Católica Graduate Business School offers an 18-month EMBA program, four to five weeks are spent in intensive training abroad. Along with the main qualification, students will also receive degrees from EADA Business School in Spain, and several other diplomas from institutions around the world. The course costs US$40,770, students usually have an

Latin America might not be the most represented region in the QS Global 100 EMBA

Rankings by Region, but the four business schools representing the region show that

quality provision is available.

By Amelia Hopkins

Where Are Latin America’s Top EMBA Programs?

Lima, Peru

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Rankings

Where Are the World’s Top Joint EMBA Programs?

and HEC Paris. The EMBA is structured in such a way that only 10 weeks need to be taken out of the office by students. Participants take six modules – between one and two weeks in length – in London, California, New York, Shanghai and Paris. The cost of the course depends on the payment method, varying between US$159,000 for one installment and US$175,500 for the installment plans. Once completed, attendees can expect a 52% salary increase.

4. Kellogg School, Northwestern University/Schulich School, York University: Kellogg-Schulich Executive MBA (Evanston, US & Toronto, Canada)

One of the shorter qualifications on this list, the Kellogg/Schulich executive MBA begins in January and finishes in June of the following year. The course runs between the two North American campuses and focuses on developing a strong foundation in management skills. The course costs US$120,000, applicants usually have around 12 years of experience and can look forward to a 39% salary increase after graduation.

5. Columbia Business School, Columbia University/London Business School: Executive MBA-Global Americas and Europe (London, UK & New York, US)

The EMBA-Global Americas & Europe is a collaboration between Columbia Business School and London Business School. It allows student to study in two of the world’s financial hearts – London and New York. The 20-month course alternates between these two cities, with four to five-day sessions held once a month. Electives are also offered by a third partner: the University of Hong Kong. Graduates receive two MBA degrees. The

As part of the QS Global EMBA Rankings, we ranked the top-20 joint EMBA programs in the world. Programs with one foot in the US are predominant, with China and Hong Kong also well represented.

1. Kellogg School of Business, Northwestern University/HKUST Business School: Kellogg-HKUST Executive MBA (Chicago, US & Hong Kong)

The Kellogg-HKUST Business School’s executive MBA program is 2017’s global leader, and for good reason. The course, which runs between Hong Kong and Chicago, focusses on internationalization. This is enshrined in the course requirement to take at least two global electives at partner institutions abroad. Course participants have an average of 16 years’ work experience before starting the course, it costs US$166,200, and students can expect a 41% salary increase after graduation.

2. Anderson School of Management, UCLA/National University of Singapore: UCLA-NUS Executive MBA Program (Los Angeles, US & Singapore)

The UCLA-NUS’s Executive MBA Program is a truly global affair. The course is business-traveler friendly; rather than evening/weekend lessons in a fixed location, participants take six two-week residencies at institutions around the globe over the 15-month period. The course costs US$118,080, students usually have around 15 years’ professional experience before starting the course, and they can expect a 22% salary bump after graduation.

3. LSE/HEC Paris/NYU Stern: TRIUM Global EMBA (London, UK; New York, US & Paris, France)

The TRIUM 17-month course is coordinated by three of the world’s top business schools: NYU Stern, the London School of Economics and Political Science,

Some of the world’s best EMBA programs are joint efforts between two or more business

schools.

By Amelia Hopkins


course costs US$186,837, students usually have 10 years of experience before applying and usually enjoy a 40% salary increase after graduation.

6. Kellogg School, Northwestern University/WHU-Otto Beisheim School of Management: Kellogg-WHU Executive MBA (Vallendar-Düsseldorf, Germany & Evanston, USA)

This 21-month executive MBA is offered by the Kellogg School of Management at Northwestern University in the USA, and Germany’s WHU-Otto Beisheim School of Management. This course offers access to a vast network of business experts, a global perspective, courses run by two heavyweights of the business world and a joint MBA degree. The course costs US$92,315, applicants usually have around 12 years of experience before applying, and benefit from a 25% increase in salary post-graduation.

7. ESSEC Business School/Mannheim Business School: ESSEC & Mannheim Executive MBA (Paris, France & Mannheim, Germany)

The ESSEC & Mannheim EMBA brings together two of Europe’s most powerful economies: France and Germany. The 18-month course, which costs US$57,883, offers a personalized experience which allows students to focus on electives of the most interest to them. It involves trips to other European countries, the US and Asia. Applicants generally have 14 years of experience and can look forward to a 47% increase in salary after graduation.

8. McDonough School of Business, Georgetown University/ESADE Business School/ INCAE Business School: Global Executive MBA (Washington DC, US; Barcelona, Spain & Alajuela, Costa Rica/Managua, Nicaragua)

The 14-month course based at three schools spread across the US, Europe and Latin America is comprised of six international residencies, each of which focusses on the location to immerse students into specific regional business concepts. The course costs US$155,718, applicants usually have around 17 years’ professional experience and receive a 26% salary increase after graduation on average.

9. Marshall School of Business, USC/

Antai College, Shanghai Jiao Tong University: Global Executive MBA (Shanghai, China & Los Angeles, US)

The Global Executive MBA offered by the University of Southern California and Shanghai Jiao Tong University focuses on the practical application of business solutions. The 21-month course is based primarily in Shanghai, but features modules in Los Angeles and a trip to another Asian country. Applicants usually have around 16 years’ experience, fees are US$105,000 and graduates can expect a 17% pay bump after graduation.

10: Krannert School of Management, Purdue University/TIAS School for Business and Society, Tilburg University/Tianjin

University College of Management and Economics/ EBAPE, Fundação Getulio Vargas/ MIP Graduate School of Business, Politecnico di Milano: IMM Global Executive MBA (West Lafayette, US; Tilburg, Netherlands; Tianjin, China; China; Rio de Janeiro, Brazil & Milan, Italy)

This EMBA is offered by five business schools across four continents, providing a global experience. The 19-month course is divided into a ‘launch week’ in the US, and five two-week residencies across the other institutions. The course costs US$85,000, applicants usually have 14 years’ experience and benefit from a 55% increase in salary after graduation (along with two MBAs).


Salary Uplift

11 SC Johnson, Cornell University/ Smith School of Business, Queen’s University: Executive MBA Americas

Ithaca, US and Kingston, Canada

$133,515 14 36%

12 Olin Business School, Washington University/Fudan University School of Management: Executive MBA Shanghai

Shanghai, China

$97,000 15 44%

13 Desautels Faculty of Management, McGill University/HEC Montréal: HEC McGill-HEC Montréal Executive MBA

Montreal, Canada

$61,836 17 17%

14 Mannheim Business School/Tongji University School of Economics and Management: MANNHEIM & TONGJI Executive MBA

Shanghai, China and Mannheim, Germany

$43,680 13 43%

15 WU Executive Academy, Vienna University of Economics and Business/Carlson School of Management, University of Minnesota: Global Executive MBA

Vienna, Austria and Minneapolis, US

$46,800 13 25%

16 University of Hong Kong/Fudan University School of Management: HKU-Fudan International MBA

Hong Kong and Shanghai, China

5 78%

17 BI Norwegian Business School/Fudan University School of Management: BI-Fudan MBA

Oslo, Norway and Shanghai, China

6 75%

18 Pontificia Universidad Católica de Chile/ Freeman School of Business, Tulane University: Global MBA

Santiago, Chile and New Orleans, US

$40,500 10 17%

19 Alberta School of Business, University of Alberta/Haskayne School of Business, University of Calgary: The Alberta Haskayne Executive MBA

Edmonton and Calgary, Canada

$49,322 14 17%

20 École des Ponts ParisTech/ Fox School of Business, Temple University: Fox- École des Ponts Executive MBA

Paris, France and Philadelphia, US

$43,680 12 17%


Outcomes

How Can EMBA Students Achieve Their Goals? B-School Q&As

Additionally, we work with two third-party online resources, Ivy Exec and BlueSteps, for exclusive access to select job openings, career advisors, professional mentorship, résumé advice, live online classes, topical webinars, as well as exposure to hundreds of executive search firms worldwide.

Confidential sessions with certified career coaches are also available to our students, as is access to the alumni network.

JDC. We support students, both during the program and after. To give you an idea - the executive MBA is split over three separate terms, and each term is five months long.

During the first term, students focus on an in-depth 360-degree feedback which involves self-discovery, evaluating what work environments are a best fit, and so on. EMBA candidates also attend a set of skills seminars throughout the duration of the executive MBA program, addressing topics such as: managing your executive presence, dealing with executive recruiters, managing your brand, and building a network.

In the third term, candidates have access to external career coaches, individuals who are highly skilled in dealing with an executive audience. We have to make sure that coaching fits the wide variety of our participants’ needs, so in one case, a student might want to do something different from their present role, but they’re not too sure what, while another candidate might be extremely focused and prefer support with regard to the job search - coaches therefore work across a continuum.

Purdue University’s Krannert School of Management, based in the US state of Indiana, has been offering its executive MBA (EMBA) to candidates internationally for close to three decades. In this year’s inaugural QS Global 100 EMBA Rankings for North America, the Krannert School’s EMBA took 17th place, a position it shares with Western University’s Ivey Business School.

Ivey Business School was the first institution outside the US to offer an MBA degree, and has, over the years, built itself a strong reputation in the qualification, both within Canada and globally.

We spoke to Jennifer Applebee (JA), programs manager at Krannert, and JD Clarke (JDC), executive director of recruitment and admissions at Ivey, to get an idea of the careers ambitions of EMBA students and what the schools do to help them achieve them.

How many of your current class of executive MBA students are company-sponsored, and how has this number changed in recent years?

JDC. If you look at our whole demographic, there are about 35% of students who pay for the executive MBA themselves. About a quarter of incoming EMBAs are sponsored fully, and the remaining 40% receive partial sponsorship. We used to see one third equally, but organizations are now saying that they want students to have some skin on the game financially.

Companies’ policies dictate a maximum amount that they can cover, so if

prospective students are looking at an executive MBA that’s on the higher end of the price point, they will probably have to put up some of the cost themselves. I believe that our fees are very consistent with the other schools people consider, which include: Rotman, Queen’s and the Kellogg-Schulich EMBA program. Fees for our executive MBA currently stand (for those starting in September 2017) at C$107,000 (c. US$80k).

JA. Currently, about 20-25% of our executive MBA students are fully company sponsored. Another 50% are partially supported, and the rest are fully self-funded.

This level of support is a large drop from 10 years ago, when most of our students had full sponsorship. The financial crisis of 2008 resulted in significant company and sponsor cutbacks which has led to this change. In the past year, and looking ahead, there has been a small increase in organizations willing to provide most, or all of the funding for the program.

What kind of career services do you provide for executive MBA students?

JA. We offer a broad range of career services. We incorporate career management into the curriculum, including classes such as ‘leadership’, ‘negotiations’, and ‘managing behavior in organizations’. In-residence events such as company visits, guest speakers, networking events and one-on-one meetings are also offered at the Krannert Professional Development Center.

What career services are on offer to EMBA students and how can they best capitalize on

them? We spoke to two prominent schools to find out.

By Karen Turtle


What should EMBA students be doing during their program in order to fulfil their career goals?

JDC. There are two things that students should be doing. The first is to build a network with classmates, and this is incredibly important. I’ve seen great job opportunities come up for individuals that really spend time with their peers. Also, getting involved with the school, especially with alumni activities, opens up that network further.

The second thing that students should really invest in, are our applied projects. EMBA candidates on each of our courses take a problem or an issue within an organization and are assessed on the value they provide back to that organization…This is a great way to provide a breadth of experience, as well as introducing students to areas that they may not have dealt with in the past.

JA. EMBA students should try to implement the takeaways of all of their courses to their current positions, but

especially the courses that pertain to career management. It is strongly suggested that they also take full advantage of all of the career management services that are on offer, as these are provided free of charge.

What are the most popular career goals among your EMBA students and how has this changed in recent years? (e.g. are more students looking to change careers?)

JA. Most of our EMBA students are looking to progress within their current company. They are not looking to change careers, or even jobs for the most part,

We have a few students who are interested in entrepreneurship and would like to launch their own startups after graduation. In the past, company sponsorship was higher, so people have largely felt more inclined to stay with their respective organizations.

JDC. No matter where students want to go after the program, there’s always a common thought process of “I want to be

better”: in career, decision making, and as a leader. It’s good to have that kind of approach when coming into the EMBA.

The program is a great opportunity for people to accelerate their career path, either in their function, or in their industry. It is a lot harder for people to make a career change as it involves resetting experience.

The executive MBA is about developing people as executive leaders, and sometimes that’s moving people laterally – e.g. I’m an operations professional and I want to become more strategic within my industry. Or, it could be changing industries and accelerating within their function – e.g. I’m the director of IT here, and now I want to become a CIO there.

Doing the executive MBA is equivalent to 15 years of work experience. So, let’s imagine your career 15 years down the road — a degree like this is designed to make sure that doors don’t close on you.


Outcomes

The Gender Confidence Gap and the Executive MBA

as, in essence, executive MBA candidates are thrown into the deep end, but without there being real and impactful consequences. Skilled professors guide,

Self-belief is the fuel that keeps us trying in the face of obstacles or discouragement. When self-belief and confidence are lacking, sparks of genius tend to dull, shoulders hunch, and we back up. In the context of business and negotiation, retreating or not putting ideas forward typically works to the detriment of success.

Research shows that the disparity in self-confidence between men and women, where women report being less self-assured, is prevalent. Interestingly, it seems to impact Western countries such as the UK, Australia and the US more than emerging nations. “I can speculate that in Western societies, women are more likely to compare themselves to men. Men tend to have higher-status positions and higher salaries, for example, so the comparison is less favorable for women,” says Wiebke Bleidorn, associate professor of psychology at UC Davis and author of the aforementioned research.

A 2016 McKinsey study of 132 companies across the US found that only 67% of women surveyed felt that they were able to participate meaningfully in meetings, as compared to 74% of men. Women were also less likely to report receiving challenging assignments, less likely to feel that they were being turned to for input, and less likely to believe that their contributions were valued. Gender bias is still, it seems, a factor slowing women’s career progress, but the gender confidence gap may also have a role to play.

Sheryl Sandberg, Facebook’s COO and a Harvard MBA, asks that more women ‘lean in’ to seize on opportunity. Yet, ‘leaning in’ in business, especially when the numbers of female leaders drops sharply the higher up the corporate ladder you get, is pretty daunting.

Here are some ways in which an executive MBA (EMBA) from one of the world’s top business schools can help female professionals, not only to build on their repertoire of business skills, but also to find the confidence to aim for, and reach, the c-suite.

EMBA classmates – riding the same waves

While conversations about gender, and in this instance, the gender confidence gap make it seem all doom and gloom, the good news is that the number of women entering top business schools is steadily rising. Currently, class proportions for the EMBA hover at around 30%. This means that there will be others in the class who are in a similar boat to you; female leaders who are intent on progressing their business careers, open to sharing ideas, and juggling the same busy study schedule and deadlines.

Deborah Peracchi, an executive MBA graduate from MIP Politecnico di Milano, says that the tight-knit nature of her cohort, and the positive support they gave each other throughout the program was one of the most important highlights of her EMBA experience. “We felt powerful, capable of reaching any goal, and in the end, this is what happened; we all got there.”

Real-life simulation, flexibility and application to the workplace

Discussing strategy in the boardroom and discussing strategy in the classroom are two very distinct scenarios. Many top business schools compensate by using real-life business simulations and roleplay, setting complex problems to be resolved under time pressure. This is an excellent confidence-building measure

A few ways in which attending business school for an executive MBA can help engender

confidence and advance the careers of female leaders.

By Karen Turtle


ideas are thrashed out, team skills are honed and spirits are built.

The executive MBA has a flexible format, with classes usually held on weekends or on a set number of weeks throughout the year. The program’s flexibility is designed to accommodate the needs of senior professionals already balancing home and career – men and women alike. What’s learned during seminars, in classes and during those idea-thrashing sessions on the weekend can therefore be applied with almost immediate effect the following Monday, should you so wish.

What’s more, challenges you might face at work can be brought back to your peers, and back into the classroom. Expertise is at arm’s reach and for the (usually) two years

in which you complete the program, you’ll have constant, measured feedback; advice that should steer you towards being the kind of leader you aspire to.

If confidence is tripping you up, bring it back to your executive MBA peers; if you think gender bias is an issue in the workplace, you’ll have likeminded sympathizers who, with any luck, can share practical insights based on their own experiences and knowledge.

Alumni networks and the need for female leaders as role models

While you climb your company’s hierarchy and watch the number of female leaders thin as you reach senior management and beyond, it’s comforting

to know that you have a group of EMBA peers on standby. This includes those met through the business school’s alumni network, as well as those in your cohort.

The top business schools will have some of the largest and most prestigious networks around. Having such an accessible and supportive entourage of people who have shared much of your study experience, not only creates a sense of belonging, but of confidence as well.

In time, there will hopefully be more female leaders at the top, creating more role models for younger women to aspire to, and more support in helping them to get there. The gender confidence gap will close as support grows – and we should all eventually be, women and men alike, leaning in together.


Outcomes

How an Executive MBA Benefits Employers

many cases, be applied immediately at work.

You might be studying balance sheets to appraise business performance, for example, or you may be evaluating the principles of marketing. Much of what is learned in class, hard skills especially, will have direct transferability. “An EMBA effectively teaches you the grammar and syntax of business administration – the theory helping the practice,” says Deborah Peracchi, a graduate of MIP Politecnico di Milano.

The executive MBA (EMBA) is flexible by its very nature, its part-time format designed to accommodate the busy working lives of the experienced professionals top business schools aim to attract. It can, however, be a daunting prospect for employers to surrender their claim to their top talent, let alone pay for the privilege…

The next sections outline the benefits an executive MBA can bring to a candidate’s current place of work; a list of pros that can also offer valuable ammunition

to those looking to bid for employer sponsorship.

What top business schools teach on Friday can be implemented on Monday

The world’s top business schools in the executive MBA format (see the QS rankings elsewhere in this guide) teach the essentials of business management, alongside the latest concepts and industry trends. What is learned during an evening or over a weekend can, in

The employer’s return on investment: From alumni networks to an EMBA candidate’s ability

to implement positive changes to their organization.

By Karen Turtle


Soft skills, such as self-awareness, cross-cultural awareness and critical thinking are also worked on in both theory and practice – the latter through interactions with peers and faculty in class, and with external participants when working on real-life projects. Most executive MBA programs provide personalized leadership training and coaching, allowing participants to learn about and hone their own managerial style.

Bringing a strategic advantage

Applying what’s learned at business school to the workplace improves a company’s business and strategic operations, and therefore its balance sheet. Alejandro Parilli, a graduate of the Krannert-led IMM Global EMBA, says that his studies helped him become a more effective decision maker and strategist. As a result of what he learned during the executive MBA program, he was able to motivate and work to the needs of his team more effectively and implement better cost-saving measures.

Channeling new skills and ideas into company projects and initiatives also sends a positive signal to the senior management

of a student’s existing company. EMBA graduates are able to step up to tackle the biggest challenges and to take the company forwards, and the future will be safe with the establishment of a talent pipeline for senior roles.

Alumni networks both you and your organization can avail of

The degree is also an opportunity to meet tens of fellow executive MBA peers, an immediate extension of your network of contacts, and a team that will remain by your side for the duration of the program. Your EMBA classmates are likely to come from diverse backgrounds and industries, bringing with them an array of fresh insights and experiences.

Most executive MBA programs offer participants the opportunity to carry out a consultancy project, either independently or alongside their peers. Choosing to consult for one’s own company in these instances is an added opportunity to add real value to the organization. Wherever the gaze of a consultancy project falls (there are benefits, of course, to gaining experience

in a different environment), the guidance of faculty and the shared input of peers provides a level of support and fresh opinions that simply wouldn’t exist under normal circumstances. This support is often described, therefore, as confidence-affirming, and something which readies and steadies graduates for future consultancy projects.

Beyond that, there is the alumni network. Top business schools offer some of the largest and most prestigious alumni networks. One of the reasons many students choose to do an MBA, in any of its formats, is to have this exclusive access. Career progression and who you know are very much intertwined.

However, in the case of the EMBA, alumni networks do not need to be relegated for personal use alone. A student’s company can also benefit; whether its consultancy, collaborations, supply chain or even looking for new talent. In this sense, the ability to reach out to key decision makers through business schools’ alumni networks can make EMBA graduates an invaluable asset to any organization.


Outcomes

Leadership Coaching & Neuroscience: EMBA Program Innovations

However, the demands of MBA employers have evolved. More and more began to point to the dearth of leaders with soft skills, particularly interpersonal and communication skills. The growing consensus seemed to be that, while intellectual competence was important, so too was emotional intelligence (EQ), as Poelmans highlights.

“We need leaders with high levels of cognitive and emotional intelligence to deal with the constant pressure of the environment, to maintain focus and energy, to develop people and manage organizations,” affirms Steven Poelmans, professor of people management and director of the Coaching Competency Center at EADA Business School.

MBA degrees offered by today’s business schools bear significantly little resemblance to their earliest counterparts. Two decades ago, hard skills, including quantitative and financial analysis remained the prized focus of a good management education, and graduates produced by this system were no doubt broadly successful – hard skills matter.

Business simulations and brain scans: Insights into leadership coaching on EADA and HHL

Leipzig’s Global Executive MBA program.

By Karen Turtle


Germany’s HHL Leipzig Graduate School of Management and Spain’s Escuela de Alta Dirección y Administración (EADA) offer a global executive MBA program with something of a novel twist – a scientific form of one-on-one leadership coaching. For now, this is an uncommon selling point, but it could soon enjoy a widespread influence on business education.

Coaching programs devised by NeuroTrainingLab assessment

Every student that enrolls on EADA and HHL Leipzig’s Global Executive MBA program is encouraged to train at the business schools’ Barcelona-based NeuroTrainingLab (NTL). Candidates can opt for two neuro-training sessions over the course of the 21-month program; once at the beginning of the course, and once at the end of the final year.

The first visit to the NTL is an initial assessment. The goal is for participants to work with experts on an appraisal of their socio-emotional competencies which can then act as the basis for their bespoke EMBA leadership coaching program.

Among the sorts of tasks set up during neuro-training, are roleplays and real-world business simulations, with actors brought in to help play out scripts. Topics might, for example, cover any of the following: responding to an ethical dilemma under pressure, interviewing a subordinate, or getting a team aligned within a specific timeframe.

The actors participating in each scene, “have the very important role of causing tension in order to observe leadership resilience under stress,” says Poelmans. Finding a balance between the fun and the serious may be the key to participants throwing themselves fully into the task, and into the various roles to which they are assigned.

Once students leave the lab, they should have a clearer plan of action for the rest of the course. Keeping them on track however, are the executive coaches. Participants on EADA and HHL Leipzig’s Global Executive MBA will see an executive coach five times over the duration of the program, on average.

Designing learning with personal leadership coaching

With an NTL ‘lab report’ in hand, EMBA students can choose to share their findings with their executive coach. The backgrounds of the coaches may vary, but all are high-level industry experts and many of them are qualified in psychology. “The benefit of leadership coaching is that it helps participants to design their learning in a more personal manner,” says Marjolein Overmars, who codirects the joint EMBA program alongside HHL’s Frank Hoffmann.

Leadership coaching revolves, in part, around discussions on how to develop those key soft skills: negotiation, conflict resolution, intercultural management, and so on. However, the coaching plan really is in the hands of the student.

“It is a structured, interpersonal process focused on enhancing the EMBA candidate’s ability to achieve their pre-determined goals,” says Petra Spanka, senior recruitment manager for the joint EMBA. The executive coach acts as a sounding board. Discussion provokes self-reflection, can generate new insights, and opens students up to new options that can help them develop both personally and professionally.

EADA and HHL Leipzig’s EMBA journey rounds off with a second NeuroTrainingLab assessment. This is an opportunity for students to see where they started, find out how far they have come, and work towards closing the remaining chapter of their study.

Looking back at his Global EMBA and the coaching experience, alumnus Dr Peter Schwarz says, “The personal coaching was particularly challenging for me. During intense interviews, we worked to identify strengths and weaknesses and examine coping models. I am able to better analyze and process situations and my decisions are now based on a much better foundation.”

More information about the EADA-HHL Global EMBA Program is available at http://www.global-emba.org/home/

This article is sponsored by the EADA-HHL Global EMBA Program


People

Diana Fischer, Questrom School of Business (Boston University)

my teams, I push for metrics to drive decisions, and am better at allowing for divergent brainstorming prior to pushing for consensus.”

When it comes to the core elements of the executive MBA, she says, “I learned how to understand the financials, to create better budgeting forecasts, to calculate ROI for projects, and to better evaluate the value of these different projects.”

Having grown in confidence with her increased repertoire of skills, Fischer began to network in earnest with eight months remaining of Questrom’s 18-month program. In so doing, she was able to set up what would become a successful next step in her trajectory.

“My base salary doubled,” says Questrom graduate

Both Fischer and her husband put cash together to pay for the executive MBA, a fee which, for the class beginning in January 2018, will amount to US$102,000. There is no doubt that this is a hefty sum to pay, however the payback can be significant.

“I have received an excellent return on my investment. My base salary has doubled in less than one year,” Fischer says, “I will be able to continue increasing my salary in my new role. The EMBA allowed me to take an entirely different track. I feel that I am now applying myself at my highest and best level.” If the virtues of taking an EMBA was ever in need of doubt, this seems like the perfect riposte.

How many professional roles can a person fill in the space of a decade? It’s hard not to be impressed by people who switch and advance their careers as dexterously as expert skiers seamlessly gliding on and off-piste, sharp turns and black ice included.

Diana Fischer, a doctor in physical therapy, and now an executive MBA graduate has, in her short 11-year career, filled the diverse roles of: teaching fellow, blogger, orthopedic clinical supervisor and, as of last year, senior management consultant for consulting firm, Accelare.

Fischer believes that the knowledge and skills she developed through her studies, and the recognition she earned as a graduating executive MBA of Boston University’s Questrom School of Business, were the primary enablers of her most recent career transition.

Here is Fischer’s feedback on the values of Questrom’s EMBA curriculum, her remarks on ROI and her notes on the study experience overall.

Why Questrom School of Business?

“Peers had at least 10 years of experience managing in their field,” says Fischer. A cohort’s average tally of work experience is important to many enrolling on executive MBAs. The right tally means being comfortably surrounded by people who are at a similar stage in their careers and hold similar goals, even though the group is likely to represent many different industry backgrounds and functions.

Fischer was also glad of the relatively small class sizes (“smaller than at MIT”) and that the feel of the program was “not overly quant focused”. The school’s reputation didn’t hurt either – the Boston University Questrom Executive MBA (EMBA) ranks 20th in this year’s inaugural QS EMBA Rankings for North America.

EMBA teachings: Forming, storming, norming, performing

Fischer delivers an outpouring of information when asked about the skills she gained from her executive MBA: “I learned how to see the big picture – what happens across the entire enterprise. This has enabled me to make better operational decisions and to objectively function with high levels of ambiguity.”

She refers to the four phases of group development first proposed by Bruce Tuckman, a former professor of educational psychology at Ohio State University: “Forming, storming, norming and performing.” Fischer says that this mantra has helped her to launch and lead her own teams successfully. “I have been able to promote accountability across

On doubling salary and seeing the big picture: The rewards of an EMBA at Boston

University’s Questrom School of Business.

By Karen Turtle


Deborah Peracchi, MIP (Politecnico di Milano)

her, and, in the case of her peers, each other. “We felt powerful, capable of reaching any goal, and in the end, this is what happened; we all got there.”

Peracchi puts real emphasis on the value of the EMBA program’s human side. “At MIP, the exchange of ideas was one of the most enriching parts of doing the EMBA,” she says; it was much more than “a piece of paper”, therefore. Peracchi, her peers and faculty had, through their engagement with each other, built a solid and lasting network.

Career impact of the executive MBA

“An EMBA effectively teaches you the grammar and syntax of business administration – the theory helping the practice,” says Peracchi. A well-known advantage of doing an executive MBA and working in parallel is that what’s learned can then immediately be put into execution. She cites the case study methodology in particular as really helping her engage with her peers to devise solutions to complex business challenges. “All in all, I think that the EMBA made me a better person, a better colleague and my business partners and clients observed the improvement I made right from the beginning of my studies.”

After all, an EMBA program is not just about career advancement, it’s about self-development, a desire to grow as a person, as well as professionally. This is the outlook Peracchi had when she envisioned doing her executive MBA, and it was the sustainment of this view that enabled her to complete it. “Let others understand how much you want to improve yourself, be conscious of your potential – it really is much bigger than what you now believe,” she asserts.

“The executive MBA at MIP is not just a printed degree certificate,” states Deborah Peracchi, a 2009 graduate of MIP, the business school of Politecnico di Milano.

Peracchi started her career as an accountant almost 30 years ago and rose steadily through the ranks to become managing director at F2A FIS ANTEX, a financial services firm based in Milan.

Her career encompassed a decade-long stay at the supermarket chain, Paladini Otello and a subsequent ongoing 19 years at her current company. Throughout this time Peracchi has acted as a steady presence, facing challenges head-on, and becoming a pivotal contributor to their growth and expansion. F2A FIS ANTEX was estimated to be worth US$53 million in 2015; Peracchi proudly leads as one of the executives at the helm, obtaining her position as MD after receiving five successive promotions at the organization.

A point Peracchi underlines with regard to her experience at MIP is the extent to which the EMBA program enriched not only her professional life, but also her personal life. Here is an account of her experiences as an executive MBA candidate and how they helped make her the successful woman she is today.

Where it all started and deciding on MIP

Peracchi had a good 10 years of experience working at FIS before she started to consider taking an executive MBA. She states that it was, in fact, her managing director who spotted her potential and made the initial suggestion. Aged 38 at that time, her organization was ready to sponsor her, and she bought into the idea.

As a senior professional, Peracchi knew that she had to continue meeting the responsibilities of her job while studying for her EMBA. She therefore researched business schools within a feasible radius to her offices. After attending presentations at two of Milan’s top business schools, she decided on MIP Politecnico di Milano, stating that it was the university’s reputation, track record and faculty, as well as the content and format of its EMBA program that ultimately drew her attention. “It felt instinctively right, there was no ostentation…I could see that this was a properly structured course with an international outlook, designed to build solid professionals.”

The value of a demanding EMBA program

Peracchi studied her executive MBA during evenings and weekends. Balancing multiple business projects with study involved acute time management skills, a methodic approach to her responsibilities, and real self-discipline. Free time, vacations and hobbies were out of the question. She was not a lone soldier in this battle, however. Peracchi’s classmates, the faculty at MIP and her employers enthusiastically stepped in to support

Managing director financial services firm F2A FIS ANTEX Deborah Peracchi reveals how the

EMBA program at MIP leveraged her success.

By Karen Turtle


People

Sheilla Lienerth, Weatherhead School of Management (Case Western University)

politics was refreshing, energizing and engaging,” says an enthused Lienerth.

Students of the EMBA program at Weatherhead School of Management also self-select their own learning teams, and these are partnerships that are kept throughout the duration of the course. “My group became a family to me,” says Lienerth, adding, “These are forever friendships. My family will be leaving to go on vacation with a classmate and her family in just a few weeks.”

An EMBA reframes thought

“I no longer wanted to just survive the status quo work environment. I wanted to work in an environment that valued diversity, the implementation of change, thought leadership and creativity,” says Lienerth.

Before the program, the executive MBA alumna had been intent on being a ‘tactical queen’, methodical in her approach to juggling everything that comes with an executive career, along with the needs of three young children. “I knew how to get things done, but because I placed value on checking the box, I didn’t always strategize on the best solution.”

Enlightened by the books she read during her EMBA, and by the insights she drew from her discussions with professors and peers, Lienerth says that, by the end of her time at Case Western, she understood that creative thought was central to the success

“Thought leadership in the space of emotional intelligence, a stellar group of professors and school reputation,” were three of the main determinants that convinced Sheilla Lienerth, director of customer engagement at Bridgestone Credit Division, to enroll in an executive MBA program at Case Western Research University’s Weatherhead School of Management in Cleveland, Ohio.

Sometimes, careers steal professionals away from their first passion, and in Lienerth’s case that passion had been in psychology and sociology, the diligent study of which had helped her earn her first degree. Choosing Weatherhead’s EMBA, which places a strong emphasis on developing emotional intelligence in leaders and boasts strength in this area of research, was perhaps one means of marrying an old love to a successful 18-year career in communications and finance.

In 2015, upon graduating with her executive MBA, Lienerth, a mother of three, left her old role as a director of analytics capabilities behind, to put people back at the center of her professional life. Lienerth claims that her learning experience at Case Western transformed and revitalized her views of executive management, allowing her to do this.

The EMBA’s invigorating teaching methods and personalized approach

“I was not prepared for the way the EMBA would change my outlook on work, culture and environment. I had the most invigorating experience,” says Lienerth of her time at Case Western.

The Weatherhead School of Management emphasizes that its programs are not a ‘one-size- fit-all’ offering. Participants on the course are assigned an executive coach from the outset and building self-awareness forms a central part of the business school’s teaching methodology. Weatherhead recently placed among the top of the 2017 QS Global EMBA Rankings for North America.

Lienerth describes the course as invigorating, mainly due to the level of challenge elicited by its tasks and projects. Students work in close collaboration alongside professors to perform case analyses, and to take part in simulations and experiential exercises. “The ability to have debates on a case study where you can challenge someone’s point of view without having to worry about company

Epiphanies, friends and freedom: The transformational experience of an EMBA at the

Weatherhead School of Management.

By Karen Turtle


of any good business. Scheduling time for brainstorming, and the chance to step back to readdress perspective, became part of Lienerth’s ethos.

“My EMBA experience taught me that I had the license to do that and the value that comes

from that – this freedom – is life changing.” Epiphanies aside, Lienerth explains that she was also able to close important gaps in her existing business knowledge.

“I was proud of the fact that I had learned the financials so deeply that I could, for

example, complete a valuation of my company on my own.” She adds that, there were certain sacrifices; no TV for 21 months, and little sleep. “Nevertheless,” she beams, “those almost two years at Weatherhead School of Management were worth it all…and every cent too.”

Alejandro Parilli, IMM Global Executive MBA

enrollment on the EMBA course.

A number of factors finally convinced Parilli that the program was right for him. Prime among them was the integrated teaching of business concepts within a STEM context, a combination that would draw on his engineering background and existing work experience.

The EMBA program combines distance learning with five international two-week residencies, and would ultimately earned Parilli two accredited MBAs, one from Purdue’s Krannert School and the other from TIAS School for Business and Society in the Netherlands. The program’s flexibility would also allow Parilli to balance working full time at BP alongside taking care of his young family.

Getting employer sponsorship...twice

Part of the mulling process for any person considering an EMBA is, “how am I going to fund this?” The program most definitely does not come cheap. Parilli very astutely put forward a business case for employer sponsorship. “I explained in clear detail how the qualification would benefit my department and the organization as a whole, and got partial employer sponsorship as a result.”

Even more impressive was something that happened halfway through Parilli’s

A skimming of Alejandro (Alex) Parilli’s resume will take the viewer on a veritable cross-continental expedition. It begins in his native Venezuela, where he graduated as a mechanical engineer and got his first job, before heading out to his first international post in Kentucky in the US. His career path follows a triangular trajectory, covering the Americas and Europe; the dots on the map corresponding to a series of jobs that escalate in responsibility.

Changing job functions is acknowledged to be an excellent way in which to progress a career. One recent LinkedIn study, for example, showed that a single job switch can be equated to the sum of three years’ work experience in the eyes of recruiters. Parilli, however, explains that there’s a point where progression seemed to reach a plateau. “As I got to more senior positions, I started to realize that some of my expertise in certain areas, such as finance,

strategy and organizational behaviors, was either coming from ‘tribal’ knowledge, or years of experience, but never a formal education.”

Parilli, by this point, was successfully leading a team of contract management specialists for BP. With 13 years’ experience logged, he decided that an executive MBA (EMBA) would be a natural next step, a means by which he could plug gaps in knowledge, and a way in which he could drive his career forward.

Choosing the IMM Global Executive MBA

The IMM Global Executive MBA program, a course offered by a consortium of five business schools spread across four continents: The Krannert School of Management (Purdue University) in the US, TIAS School for Business and Society (Tilburg University) in the Netherlands, Tianjin University in China, EBAPE (Fundação Getulio Vargas) in Brazil, and the MIP (Politecnico di Milano) in Italy. It is ranked 10th in the QS Global Joint EMBA Rankings.

The accolades Parilli bestows on the degree are very much heartfelt. Parilli did not simply go from deciding on an executive MBA to summarily taking the plunge – he carefully mulled his options. Two whole years passed between Parilli’s initial contact with Krannert’s director for executive programs and his final

“The Krannert School’s EMBA is a hidden gem,” says graduate, Alex Parilli. Read about his

experience as a Global Executive MBA student.

By Karen Turtle


People

executive MBA. He changed employers and cities with young children in tow, and managed to convince his new company to sponsor him too. Parilli negotiated a reimbursement of the employer sponsorship fees from his new company Tesoro to BP. “That was the ethical thing to do (to pay back the sponsor if I wasn’t staying with them). The only downside was that I had to prepare and present another business case, but it was ok, I had already learned how to tell the story.”

Executive MBA sacrifices: Almost nil

Being close to family is a central driver for most of us and this, Parilli admits, was one of the larger challenges he faced during the executive MBA. “I had to be away from my young children five times in two years, two weeks at a time, leaving full responsibility on my wife’s shoulders.” The two-week international residencies also meant utilizing vacation allowances.

Assignments and study could quite conceivably bleed into weekend time.

The schedule, Parilli says, was tough. “I did not put my career on hold or slow down at work, and I continued to deliver on quality, obtaining good performance ratings, and even applying for promotion and switching jobs.”

Parilli comes across as a reflected doer, a meticulous planner, with clearly set out goals. The sacrifices, if he could call them that, were clear, but he says, “After some reflection, it was also an opportunity for us to grow as a family.”

Executive MBA career gains: More than fingers can count

A ‘return on investment’, is one of the first things the large majority of candidates will evaluate prior to deciding whether to follow through on their interest in an executive MBA. Parilli had performed his

calculations very carefully: “Little over one year after graduation, I can say that I recovered all that I had (personally) invested.” He also explains that the company received its return on investment as well – the results of his work – and this also paid back their employer sponsorship costs within the same period.

In terms of professional skills learned, Parilli states that the IMM Global Executive EMBA made him a more effective decision maker, resulting in cost savings and business improvement measures. He developed soft skills that would help him to lead others more effectively, to motivate his team, and to work around their diverse needs. He honed his strategic thinking and implemented the problem-solving techniques he had learned throughout his EMBA. “What is learned, stays for life,” he says, “and colleagues and direct reports also benefit from the knowledge. The IMM Global Executive MBA is a hidden gem,” he concludes.


Michelle Redfern, RMIT University

Being a positive role model, especially for women, is one of Redfern’s core motivations. In 2016, not long after graduating from RMIT, Redfern set up two separate enterprises, WWGI, (Women Who Get It) a networking events company for women, and Thrive, a consulting agency. Gender parity, or the lack thereof, is a central issue around which much of Redfern’s coaching and consultancy revolves. Her goal is to get more women involved in business and more women in senior executive positions – multiply the Redferns and gender parity might one day become a reality, hopefully before the World Economic Forum’s projected date of 2186.

Advice for prospective executive MBA students

For senior professionals contemplating an executive MBA, Redfern’s “simplest piece of advice” is to “just go for it”! Yet, in the same breath, she acknowledges that this does not mean jumping in haphazardly. “Be clear about why you are starting the executive MBA so that you can clearly articulate the value it will bring to you, your family, your school, and if appropriate, your employer.”

It is impossible to overemphasize the importance of preparation. Redfern underlines that EMBA prospects must give themselves enough time, to write the application essays and to adequately prepare for interview. “Be organized and ready to delve deep into your career and academic history and highlights,” she says.

The benefits of RMIT’s EMBA have been clear to Redfern. “I learned that I was smarter than I had ever given myself credit for,” she surmises with disarming openness.

Michelle Redfern emphatically describes herself as “fantastic, fabulous and feisty”, an epithet she also extends to other women in the business world. It does roll off the tongue rather nicely, after all. Redfern, a 2015 executive MBA graduate of RMIT University in Melbourne, Australia is one of the many women working towards building greater gender parity in business, especially at senior executive level.

Redfern’s career follows a neat trajectory through client management and customer service. The final years of her corporate career were spent at National Australia Bank, where she led multiple departments, heading consumer servicing, chairing the employee advocate group and leading the bank’s supplier-relationship management program.

Well established as a senior executive, Redfern chose to do an EMBA because she wanted to launch her own business. Having the qualification, she says in recalling her reasoning, would give her the “confidence to finally walk away from the corporate jungle” with the tools to give her business projects the best chance of succeeding.

RMIT’s EMBA helps launch an entrepreneur

‘Confidence’ is a word that starts to snowball in meaning through Redfern’s responses. There is a globally-recognized gender gap, and there’s a gender confidence gap too (see elsewhere in the Top Executive Guide).

The stats speak volumes on the value of an MBA to women like Redfern. Only 6.4% of 2017’s Fortune 500 companies in the US have a female CEO, yet around half of these women hold an MBA, indicating the qualification’s ability to go some way toward leveling the playing field (though there’s a long, long way to go).

Redfern, set on being her own boss, states that she chose RMIT because, even though she was a senior executive, she still wanted to expand on her existing business knowledge base. With her sights set on her own startup, she was also intent on acquiring the specific skills and know-how that would give her a steadier base from which to launch her business. RMIT’s EMBA had come highly recommended by a friend, Redfern says. The program’s structure, content and, very importantly to her, its flexibility, all ended up working to her needs.

Working towards achieving gender parity

Redfern did her executive MBA at RMIT on a part-time basis, switching organizations halfway through the program as well as transferring across three separate leadership roles during her three years at business school. “Study made me happy,” she says. “It gave me focus outside of my work and created the need for balance at work as a result. I think that I became a better role model. Women benefited from seeing someone like me add an MBA study load to my life and manage it well.”

From a senior executive to an entrepreneur focused on achieving gender parity – Redfern’s

studies at RMIT reset her trajectory.

By Karen Turtle

Executive School Profile


Véronique DELVIGNE-PHILIPPE Scientific director Lancôme InternationalE-MBA8

“The outstanding quality of the Sorbonne Paris Executive MBA CELSA gives you the tools you need for an in-depth,

international and 360° insight into the challenges facing companies today. Not only does it teach you new skills, know-how and ways of thinking, whatever your discipline, it is an incredible and unforgettable personal experience. Today I am International Scientific Director at Lancôme and my position involves a mixture of Communications, Strategy, Marketing and, of course, my core competency, Science.”

Dorin CARCEANUBusiness Process Analyst.E-MBA8

“Reborn. This is the first word coming to my mind when I think to this unforgettable adventure which was CELSA

Executive MBA. I was looking for a program fitting to my personality by valuing a human management, a collaborative approach and a multicultural environment. Beside all these, I discovered as well very competent teachers and amazing colleagues. I learned through practical cases and I discovered that everything is possible by setting up the right priorities in the professional and in the personal life. Now I am taking with me the whole strength given by this Executive MBA.”

The University of Paris-Sorbonne reputed for the excellence of its teaching and the CELSA, a reference in communications, human resources and marketing offer an innovative MBA programme with teaching about societies, cultures and markets, plus a comprehensive vision of all organisational activity.

Objective of the programmeTo consolidate the skills of executives and extend their knowledge and know-how to all areas of the conduct of business activity, so that they better decide and guide their organisation within complex multicultural environments.

Content of the programme• Fundamentalsofmanagementand

conduct of business You develop your competencies in the key areas of corporate management : strategy and organisation, finance, marketing, human resources, communication, auditing and management.

• Societies,culturesandmarkets You build on your knowledge of international societies, cultures and markets. You understand how they interact and learn how to integrate them into a development strategy and your decision-making.

• Socialandhumansciences,communication You benefit from an innovative approach to the conduct of business thanks to a multidisciplinary approach to the teaching of the social and human sciences and communications, to grasp the social mechanisms and stakes involved in all intelligent business action. You also benefit from CELSA knowhow as regards the integration of communications into all fields of management.

OrganisationPart-time EMBA for working executivesTwo end-of-week sessions per month• Two one-week intensive sessions• Study abroad tourLength : 18 monthsLanguage of instruction : French & EnglishStarting dates: March 9th 2018Application deadlines: January 30th 2018

Class 2017/2018 overview:Size: 11Average age: 40Local students: 75%International: 25%Men: 40% Women: 60 %Degree backgroundBusiness: 50 %Engineering: 20%Communications: 20%Others: 10%Length of work experience: 15 years

AdmissionsDiploma from a French “Grande Ecole”University degree (second cycle)Minimum years of experience: 5

Selection:1/ written application form2/ interview in French and English

Costs:Annual application fees: 70 eurosAnnual tuition fees: 18,500 euros

Contact:Evelyne Durel+33 (0)1 46 43 76 [email protected]

CELSA Paris-Sorbonne

Student Profile

© Olivier Jacquet. University of Paris-Sorbonne


Alumna ProfileJustyna Rudnicka

Head of Risk Management, Business Excellence & Corporate Development

Alumna 2014“I have learnt a lot and greatly expanded my professional skills. But beyond this, I developed my interpersonal and leadership

abilities, and this led me to feel more confident when speaking in public. The high point of my experience was the relationship with my classmates: we were very different in terms of backgrounds and cultures, but rapidly became a tight-knit group offering mutual assistance when the pace picked up! Without a doubt, the programme allowed me to meet exceptional people. Professionally, I was able

to really boost my career opportunities and, just before the end of the programme, I joined another company.

The HEC Lausanne Executive MBA requires an intensive commitment but this is also what makes completing it so rewarding and the programme, itself, of inestimable value!”

The HEC Lausanne Executive MBA enables motivated managers and dynamic entrepreneurs to generate and implement new ideas that impact society. The programme is designed for ambitious professionals who are seeking change: taking on new responsibilities, moving up the ladder or switching careers.

Why choose the HEC Lausanne Executive MBA?• Ours is a valuable and recognised programme:

you will benefit from a curriculum informed by over 35 years of teaching experience. The course is accredited by EQUIS & AMBA and, for the past six years, has been ranked among the world’s top 100 Executive MBA programmes by the Financial Times.

• We offer evidence-based teaching: our professors, who are tenured to the faculty, leverage the latest research and specific methodologies to deliver courses developed to match the realities of operating in demanding and dynamic work environments. You will be challenged with new perspectives that require consideration of how your actions impact both your organisation and society at large.

• Immersed in a highly international

environment: situated at the heart of a key European business cluster, HEC Lausanne lies at the centre of important industry hubs such as finance, technology, sports and healthcare. The programme draws inspiration from all these industries to provide a unique teaching curriculum based on quality and innovation.

• Suitability to your life: without a doubt, the HEC Lausanne Executive MBA is enriching but intense. Preparing for classes and completing assignments requires time and effort, but the scope and style of the programme help you maintain a balance in your work, family and personal life.

Curriculum HighlightThe programme lasts 16 months and courses are taught in English. Classes take place on the Lausanne campus on Fridays and Saturdays every second week, with the exception of three block weeks. The HEC Lausanne Executive MBA is a hands-on programme during which you will work on real-life projects in order to apply new acquired knowledge and strategies.

You will pursue a chosen focus area, either

in Healthcare Management or Management & Corporate Finance, to deepen your knowledge in areas of particular interest and relevance to your career.

Personal & Professional DevelopmentKnowledge of business concepts alone is hardly enough to become a successful manager. At HEC Lausanne, you can enrich your learning with a suite of personal development modules, coaching sessions and a career management service during the programme.

Our Participants Make the DifferenceLearning, especially in the context of the Executive MBA, is a social process where your classmates play a crucial role. We believe that it is our responsibility to create diversity, and select participants based on their professional experience, academic achievements, and personal qualities.

In our community, you will be surrounded by highly motivated people who hail from a wide variety of organisations and have worked around the world. Together, you will make the HEC Lausanne Executive MBA a unique learning experience!

Program Type:Executive MBA – Focus in Healthcare Management or in Management & Corporate Finance

Tuition Fees:45,000 CHF

Class Profile:Size: 45-55 participantsAverage age: 38Female ratio: 25% - 40%Average years of experience: 12More than 15 different nationalities

Start Date:September

Program Duration:16 months

Course Language:English

Entry Requirements: • University degree or equivalent; • Min. 5 to 7 years of professional

experience; • Fluency in English.

Contact: Mrs Mikèle [email protected]: +41 (0)21 692 33 91

Website:www.hec.unil.ch/executivemba

HEC Lausanne Executive MBA




• Never fall behind: If you miss a class for any reason, you can simply catch up at another time, or even at another campus. (Subject to class availability and capacity.)

Practical Application All our professors and their classes share a hands-on approach that enables you to develop your understanding in a real-world context most relevant to you. Our courses, including the 3 month Hult Business Challenge project, are designed to focus on collaborative solutions, innovative thinking, and practical application that you can apply immediately into your professional life.

Faculty with real experienceMore than just professors, our faculty are supportive and inspiring mentors who have years of business experience. From CEOs to consultants to entrepreneurs, you’ll learn directly from people who really understand business because they’ve led it themselves.

London, Dubai, Shanghai, Boston, San Francisco, and New York

Hult is not just a business school. It’s a global network that educates, inspires, and connects some of the most forward-thinking professionals from around the world.

Uniquely global Study your core EMBA courses in London, Dubai, Shanghai or Boston, then choose to take electives in any of those campuses as well as San Francisco and New York. In total, you can choose to study at four campuses and gain a truly global perspective by circling the world. You’ll study alongside experienced professionals from 80+ nationalities on the EMBA program, learn from world-renowned and industry experienced faculty, and graduate with a global network in place.

Maximum flexibility When it comes to adding study to already busy lives, flexibility is a must. Hult’s Executive MBA is designed to help you achieve balance between your studies and your other commitments, and it is flexible enough to change if your life does.• Weekend classes: Classes take place over

one four-day weekend each month, meaning limited disruption to your work life.

• Change campuses: Seamlessly change your home campus, and take electives at any of our 6 campuses.

• Flexible program length: Take from 18 months to two years to complete your program—or even pause the program in special circumstances.

• Study anytime, anywhere: Complete your preparation work and assignments wherever and whenever it’s convenient for you.

• Options to learn online: Choose from face-to-face or online study options for all of your core courses.

put it straight into practice. I like that it is very hands-on. For example, we’re currently working on an assignment on how to improve operationsprocesses in our own workplaces. Assignments like these create value for your employer too.

Every time I take a course at Hult I choose my organization as a case study so that both of us see the benefit.”

Frida KleimertHead of Channels, CISCO (East)SwedishEMBA Class of 2017

Frida chose Hult because of the flexible schedule, the practical curriculum and the international ranking.

“I choose Hult because of the flexible schedule. Being a parent, having a demanding career, and studying at the same time requires flexibility. I considered other high-ranking business schools but came to the conclusion that the curriculum was better at Hult.

The material is very practical and not just theory. You immediately see how you can implement the material, then team exercises allow you to

Programs: Global Executive MBA

6 Campus Locations: LondonDubaiShanghaiBostonSan Francisco (Rotation campus)New York (Rotation campus)

Employment statistics: • 49% average salary increase one year post

graduation*• $135k average salary on graduation

(excluding bonuses)*• Ranked 11th globally for percentage

increase on pre-EMBA salary, one year after graduation*

• 10% of Hult graduates started their own company

*The Economist 2015

Rankings and Awards:• 50th Best EMBA Worldwide - (The

Economist 2015)• 1st for diversity of industries represented

in class - (The Economist 2015)• 23rd Best Executive Education

(Customised) - (Financial Times 2017)

Global Executive MBA (Part-time):

Start Date:October 2018

Program Duration:18 / 24 months (part time)

Annual Program Fee:£54,000

Scholarships:Range of scholarships and financial assistance available. Please contact the school.

Application Fee:USD 150

Application Deadlines:October to September

Admission requirements:• Minimum 3 years’ work experience

(average 12 years)• Bachelor degree or equivalent experience• Proficiency in English • You may need to submit your GMAT or

GRE if you have less than five years of work experience, and TOEFL or IELTS if English is not your native language.

Global student body and alumni network: 150 nationalities across all Hult programs and campuses worldwide and over 19,000 alumni worldwide

Europe:London +44 207 341 8555Lucerne +41 41 417 [email protected]

Middle East:Dubai +971 4 427 [email protected]

Asia:Shanghai +86 21 6133 [email protected]

North America:Miami +1 305 648 [email protected]

Latin America:Miami +1 305 648 [email protected]

To learn more: hult.edu To apply: hult.edu/apply

Hult International Business School

Student Profile


Program Type:International MBA (Full-time) Global MBA (Part-Time) Executive MBA (Part-Time) Global Executive MBA (Part-Time) IE Brown Executive MBA (Part-Time)International MBA (Full-time)

Information:

Start Dates:September January

Program Duration:1 year

Tuition Fee:EURO (€) 69.200 / Total Program Cost

Application Fee:EURO (€) 125

Global MBA Information:

Start dates:April September

Program duration:15 months

Tuition Fee:EURO (€) 47,200 / Total Program Cost

MBA Entry Requirements:Min. TOEFL Computer Based Score–100 Min. IELTS–7 Min. Years of Work Experience–3 ieGAT, GMAT or GRE

Executive MBA Information:

Start dates:April September



MBA Entry Requirements:ieGAT or GMAT Min. Years of Work Experience–10

Global Executive MBA (Blended) Information:

Start dates:May October



IE Brown Executive MBA (Blended) Information:

Start date:March


Tuition Fee:130,000 USD / Total Program Cost

Executive MBAs Entry Requirements:Min. Years of Work Experience–10 Min. Years of Managerial Experience–3

IE-SMU MBA Information:

Start dates:September


Tuition Fee:USD ($) 74.900 / Total Program Cost

MBA Entry Requirements:Min. TOEFL Computer Based Score–100 Min. Years of Work Experience–3 ieGAT, SMU Admission test, GMAT or GRE

Europe’s IE Business School is one of the world’s leading higher education institutions. A pioneer in business education, IE educates tomorrow’s business leaders with an entrepreneurial spirit which is inherent throughout our institution. As we were founded by entrepreneurs in 1973, we value the importance of creating and promoting new business ideas.

Although IE’s MBAs, offered in full-time and part-time formats, differ according to class profile, they are united in IE’s commitment to entrepreneurship, diversity and innovation. The MBA programs, including the International MBA, Global MBA,

Executive MBA, Global Executive MBA and IE Brown Executive MBA, have been met with worldwide acclaim, and have been featured highly in the Bloomberg BusinessWeek, Forbes, FT and Economist business school rankings.

Complementing IE’s extensive portfolio of Master degree programs, the Executive Education division offers training courses for executives through its seminars, conferences, forums, corporate training programs and consulting, building on IE’s commitment to providing outstanding education and training across the various phases of your career.

The IE campus is located in the center of Madrid and allows students the opportunity to experience everything this great city has to offer. Madrid boasts a long list of museums, parks and gardens, palaces, modern and historic architecture, as well as having a great nightlife and being a very modern and friendly city. In addition, with more than 90 nationalities represented on campus at any given time, the IE Experience is a truly international one.

Visit us on the web at www.ie.edu/business-school

Student Profile

IE Business School

IE Business School’s students are characterized by their diversity and commitment to entrepreneurship. Every year, we welcome students from more than 90 countries around the world, each bringing their own experience and opinions, enabling stimulating debates in our classrooms. In addition, as IE was founded by entrepreneurs, we look for students who want to drive change either within their organizations or through their own ventures.Here is a brief breakdown of the most recent graduates from each program:

Program Avg. Age Avg. Work Exp. % Women % International Sectors

International MBA (Full-time) 29 5 30 92Industry, Energy & Construction, Financial services, Consulting,

Consumer goods, Telecommunications among others.

Global MBA* 34 8 31 96Energy & Mining, Consulting, Banking & Financial Services, Consum-

er Products, International Organizations among others.

Executive MBA* 34 10 24 97Pharmaceutical and Healthcare, Energy, Mining & Natural Resources, Banking & Financial Services, Consumer Products, Telecomm, Con-

sulting among others.

Global Executive MBA* 39 14 30 96Manufacturing, Consumer products, Energy, Telecommunications, Public Administration, Real Estate, Technology, Financial Services,

Nonprofits & Social enterprises among others.

IE Brown Executive MBA* 37 14 30 96NGO, Government & Public Services, Telecomms & High tech, En-

ergy, Consumer Goods, Legal, Consulting, Pharma & Biotechnology, Financial Services, Communications among others.

IE-SMU MBA 32 7 43 97Financial services, Industry, Energy & Construction, Consumer goods,

Consulting, Telecommunications among others.




Programme Type:Executive MBA

Start Dates:January and September(Next intake: September 2017)

Programme Duration:18 or 24 months

Format:Blended and Part-time

Entry Requirements:• Min. Years of Work Experience: 5 years• Min. Academic Background: Master’s degree or Bachelor’s

degree with significant professional and managerial experience

• Online Application Form (+ CV, essays, letters of recommendation…)

• Admission Interview• English test level (not required for native English speakers

or students who have a degree from an English-speaking university).

Tuition Fee:€32 000 (additional costs: travel and accommodation for the residential weeks)

Funding:Support and help available

EQUIS, AMBA & AACSB accredited

professional commitments. The blended learning format is designed to optimise face-to-face sessions by distance mode preparation through highly structured modules that participants can adapt to their personal professional schedules.

OBJECTIVES1. Strengthening managerial and strategic skills

in all management disciplines 2. Boosting in-depth understanding of the

challenges of the global knowledge economy 3. Developing analytical and problem-solving

skills at strategic, tactical and operational levels

4. Helping participants to understand the mechanisms, structures and processes for implementing management practices in global environments

5. Developing leadership skills and influence in a dynamic globalised company environment

6. Developing global knowledge economy talents

7. Contributing to the improvement of project leadership and management practices in complex business environments

Contact: [email protected]

SKEMA BUSINESS SCHOOLAs a global business school, SKEMA provides all the means and resources to support our programme: with six campuses worldwide, 160 professors from a wide range of nationalities and a network of 40,000 graduates in 140 countries, international business opportunities are wide open to our EMBA fellows.SKEMA belongs to the elite group of the one per cent of triple accredited schools and universities in the world, with its EQUIS, AACSB and AMBA accreditations.

ENHANCE YOUR CAREERThe SKEMA Executive MBA is a high-level continuing education programme for experienced executives wishing to increase their managerial and strategic skills. This intensive programme allows managers to understand new organisational models suited to constantly changing complex environments; it also aims to foster participants’ overall strategic vision. For employers, this qualification is a sure way to retain high potential talents by giving them the tools they need to take on strategic missions inside the organisation. The programme offers a specialisation in Project and Programme Management over four different locations: Most courses are based in SKEMA’s

Lille (France) campus, but also take place in Raleigh (US), Belo Horizonte (Brazil) and Shanghai (China) - this international exposure is specifically designed to internationalise participants’ profiles and raise awareness about the globalised economy. SPECIALISATION IN PROJECT AND PROGRAMME MANAGEMENT This specialisation is devoted to new approaches to management and leadership. It develops participants’ analytical skills as well as their sense of initiative and the agile mindset essential for leading project-based organisations. Managers in such organisations have to reason in terms of results-based performance. They must create an environment that nurtures continuously successful projects. This requires exemplary piloting of costs, effective project governance and management of risks resulting in new potentially profitable opportunities. The success of such organisations lies in their capacity to respond to – or even to go beyond – clients’ expectations on all projects undertaken on their behalf. PART TIME AND BLENDED LEARNINGThe SKEMA Executive MBA is particularly well suited for managers who have pressing

“Participating in the SKEMA Executive MBA programme has been a demanding, yet highly enjoyable and rewarding journey. The lecturers have been of very high quality and combined with the knowledgeable and experienced fellow students of the group this has been a really

great learning experience.”Aud Tronvold, Group innovation manager- Kongsberg Group Asa (Norway)

SKEMA BUSINESS SCHOOL EXECUTIVE MBA PROGRAMME

Student Profile

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