Opening Doors for Entrepreneurs More EMBA Programs Are Enhancing Their Entrepreneurial Offerings to the Benefit of All Students PAGE 2

SHARING BEST PRACTICES WITH EXECUTIVE MBA COUNCIL MEMBERS Fall 2011 Fall

Opening Doors for Entrepreneurs More EMBA Programs are enhancing their entrepreneurial offerings to the benefit of all students PAGE 2

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2010-11 BOARD OF TRUSTEES Jordi Diaz, Chair EADA Opening Doors for Brad Vierig, Past Chair University of Utah Entrepreneurs Armando Dal Colletto Business School São Paulo More EMBA Programs are enhancing their entrepreneurial offerings to the benefit of all students Gonzalo Freixes 2 UCLA Louise Kapustka University of Washington Celebrating Bill Lindsey Loyola Marymount University 30 Years Lucy Maillette Michigan State University Executive MBA Council turns 30 years young in 2011 Barbara Millar University of Virginia 9 Catherine Molony University of Pennsylvania New eBook Carol Newcomb The Ohio State University Guillermo Selva Released INCAE Business School EMBA Council eBook offers prospective students a EX OFFICIO 12 comprehensive guide to the EMBA experience Ellen Gandt (Corporate Liaison) Harvard Business Publishing Michael Desiderio From Italy to Executive Director Executive MBA Council São Paulo Executive Connections The Executive MBA Council publishes EMBA Council Regional Meetings involve members Executive Connections twice a year for its throughout the world members. Special thanks to our contrib- 14 utors to this issue. To reach the Executive MBA Council, call toll-free 877-453-6222, or e-mail [email protected]. Time for Branding Chairs Bill Lindsey Loyola Marymount University Celebration

Barbara Millar The 2011 Executive MBA Council Annual Report highlights University of Virginia 17 the year’s activities and accomplishments Editor Darlene Gorrill

Design The Executive MBA Council fosters excellence and innovation worldwide in Executive Dawn Mathers MBA Programs. The council has more than 200 member colleges and universities worldwide, which offer more than 300 programs in 25 countries. Additional information about the council is available online at www.embac.org.

More EMBA Programs are enhancing their In the early days of EMBA Programs, full corporate entrepreneurial sponsorship was common. Entrepreneurs may not have totally offerings to the felt at home then in the EMBA classroom, but this is the case benefit of all students no more. EMBA Programs are attracting entrepreneurs with a focus on the business of starting a business. In just three short years, EMBA Programs increased their instructional in-class hours for entrepreneurship from 25.1 in 2008 to 30.4 in 2010, according to EMBA Council Membership Program Survey Idata. Since small businesses are so critical to new job creation, EMBA Programs are a good resource for developing and fostering entrepreneurial spirit. Entrepreneurial studies also help students discover and hone their entrepreneurial spirit. What are programs offering, and how do all students benefit?

2 Executive Connections Increased Demand Students may never work in India or Brazil, but Echambadi notes that low-income markets also University of Illinois exist in the United States, although they are often Raj Echambadi believes that entrepreneurs bring overlooked. As the economy changes, entrepreneurs “extraordinary value” to Executive MBA Programs, will need to understand the needs of those markets to because they can share their experience with risk- design successful products and services, he says. “This taking, funding, and experimentation with members kind of innovation is not optional any more. It is, as of their cohort. Jeff Immelt, chair of General Electric said, oxygen “Currently about 15 percent of our students for us.” are full-fledged entrepreneurs,” says Echambadi, academic director of executive programs at the Deep Dive University of Illinois. “We hope to raise that to 25 percent.” Southern Methodist University An entrepreneurship course has long been part of EMBA students at Southern Methodist University the Executive MBA Program. But in the last couple take a deep dive into entrepreneurship at the end of of years as the economy weakened, it became clear their program. that both entrepreneurs and corporate managers A long-standing feature of the EMBA Program, needed something more. “Even large companies the entrepreneurship course includes a project are resource starved these days,” Echambadi says. that requires students to think and act like an “That means their managers need to develop a more entrepreneur. “They need to apply all that they entrepreneurial mindset.” have learned in the program to this course,” says As a result, the program added two new courses: Tom Perkowski, assistant dean, EMBA Program, at Strategic Innovation, which focuses on how to Southern Methodist University (SMU) Cox School of become more entrepreneurial, and Global Business Business. Horizons, which focuses on how to confront Students first work together with one or two other challenges related to poverty and the environment students to identify a business concept, then submit and serve low-income customers in emerging markets. that concept for review and critique. They conduct Global Business Horizons is one of the first courses market research and complete a marketing plan, in any program to consider the culture and context later developing a full business plan with marketing, of the more than three billion people who live in financial, and operational details. Along the way, they poverty throughout the world. During the semester, receive feedback from entrepreneurs and eventually students experience this context firsthand as they make an investor presentation to a group of angel work through a poverty simulation where they must investors. The four teams with the top business plans try to obtain medicine, visit a pawnshop, and decide receive a cash prize. whether to buy food or pay the rent. The work does spur development of new businesses, The course also features a wide range of guest says Perkowski, although for some students it might speakers and case studies. Student teams generate be a part-time pursuit or it may take several years to and evaluate a long list of possible ideas, and design launch the full business. market research that they conduct virtually with In one example, a group of four students attracted subsistence consumers and entrepreneurs throughout funding to start a pig farm in China based on the world. their plan. When students visited the region for an Understanding subsistence marketplaces in turn international trip, they noticed the market need–not enables insights into rapidly growing middle-class many pig farms, but good demand for pork. Another consumers in emerging markets. alumnus just sold the company that he started based For example, recent alumnus Andrew Stein worked on his team concept. with a team considering the best way to enter the EMBA students who are entrepreneurs also benefit growing consumer appliance market in China. “We from the offerings of SMU’s Caruth Institute for applied what we learned about new business models Entrepreneurship. EMBA students can choose from to address new opportunities in developing a business some 50 entrepreneurial-related offering as electives. plan to serve China’s rapidly growing economy,” he The institute also hosts a number of events that bring says. “China’s massive growth, intense urbanization, the entrepreneurial community together. and increasing consumer demand were the dynamic context for learning.”

Fall 2011 3 “EMBA programs offer those true entrepreneurs a way to identify strengths and weaknesses and build skills to avoid mistakes.”

Tom Perkowski, Southern Methodist University

Entrepreneurs can find much value in EMBA team’s plan worked so well that the founder urged Via Programs, says Perkowski. to establish an American chapter. “True entrepreneurs always think about starting That took more effort than he and his partners new businesses,” he says. Some entrepreneurs may anticipated. “But we had a solid plan, as a result of the have successes, but they also make mistakes along the MBA, so we were able to remain committed,” he says. way. “EMBA programs offer those true entrepreneurs Via credits the MBA Program with giving him a a way to identify strengths and weaknesses and build holistic understanding of the start-up process, which skills to avoid mistakes.” sustained him during the time-consuming legwork They also gain a network of peers, which can help necessary to get Strike a Chord up and running. He strengthen their business. Some entrepreneurial applies that same entrepreneurial spirit to his work students tap the talents of the fellow students for their at D’Addario. “The emphasis on entrepreneurship business or work with them to establish a business. provides dividends to individual entrepreneurs, as “They are able to leverage their relationships, either well as to established executives,” Via says. with EMBA students from their class or other classes.” Entrepreneurial Spirit for All Entrepreneurial Mindset IESE Babson College The Global Executive MBA Program at IESE Babson College is noted for its emphasis on Business School in Spain has embraced the entrepreneurship, but many of the college’s MBA philosophy that all EMBA students benefit from graduates leverage the notion of entrepreneurial- exposure to entrepreneurship, whether they thought-in-action in a senior-level position within ultimately start their own businesses or work within their current company, take it with them into a large global companies, says Jamie Dress, associate similar role in a different industry, or transfer it into a director. different role in new industry. Increasingly, organizations are looking for leaders “Our students are able to think like entrepreneurs who bring entrepreneurial thinking to their roles, regardless if they work at a large company or small he says. “They need to understand the power of start-up,” says Sandy Wellinghoff, program director influence, they need to understand the business of Babson’s executive-style Fast Track MBA Program. model, they need to understand the financial aspects, “Corporate recruiters say that our students are able to and they need to understand macro-environmental get up to speed quickly in newly hired positions and efforts.” are able to start producing results immediately.” The EMBA Program at IESE takes a global business Babson graduate David Via, ’09, applies the focus and exposes students to all aspect of business, entrepreneurial skills that he gained from the MBA he says. The entrepreneurship element allows Program both in industry and the nonprofit world. students to apply that knowledge in a practical and At D’Addario and Company, the world’s largest meaningful way. dedicated music products accessory manufacturer, he “What our program tries to do is give our students serves as vice president of sales and marketing. the skills that they need to construct a business plan,” As president of Strike a Chord for Children he says. “It’s part of our curriculum. You have to USA, he is working to grow a nonprofit to help complete a business plan, and you have to present the disadvantaged and seriously ill children enjoy music plan. You have to go through the entire experience.” through donations of instruments and professional That knowledge comes in handy for students music tutoring. who want to move their ideas forward within an Via first became acquainted with the Australian- organization, as well as for student entrepreneurs who based nonprofit through business connections. When run their own businesses, he says. he learned that the organization was having difficulty “We look at how business leaders can get the stabilizing its revenue, he decided to dedicate his company thinking about innovations and leading capstone project to finding a solution. His capstone those innovations to market,” he says. “We feel like

4 Executive Connections entrepreneurial spirit is necessary to move any type of The Berkeley-Columbia program counts many entrepreneurial thinking forward, whether in a new successful entrepreneurs among its alumni. One or established business.” graduate is a founding partner and the CEO of a As an added incentive to the entrepreneurial- nationwide financial planning firm that manages minded, the school has established a venture capital client assets of $100 million. Several other graduates fund that invests in promising business plans. “We teamed up to found a new wine company. Yet another actually give them the opportunity for seed financing is the proprietor of a family-owned vineyard. once our participants become alumni and also Entrepreneurs come to the program because provide them with networking opportunities among they need to learn general management principles our Global EMBA alumni for further financing.” to advance their business. “They need to stay In addition to development of the business competitive, and the Executive MBA helps them plan, the program requires students to complete a refine their skills and knowledge,” Lo says. “In consultant project, which may involve taking aspects addition, the degree gives them more credibility, of the business plan further or identifying a business which is important when they seek funding.” opportunity or issue within their company. For the modular-based program, students also travel to Entrepreneurial Advantage Silicon Valley for a closer look at entrepreneurship in action. INSEAD The program plans to continue its focus on Increasingly, entrepreneurs are beginning to realize entrepreneurship as a required part of the program, the value of an EMBA for their businesses, says Nicole says Dress. “The way we approach entrepreneurship Tee, director of EMBA Programs at INSEAD. and innovation, it does have a major impact on our INSEAD offers entrepreneurs a series of courses students.” that include Entrepreneurship; Identifying New Business Opportunities; Building New Business Network at Work Ventures; Your First Hundred Days, an innovative experiential simulation on buying a company; Berkeley-Columbia Entrepreneurship in Action, another simulation; and Silicon Valley and New York City are both hotbeds Social Entrepreneurship. Developed in response to for start-up companies, and that alone makes student demand, they are among the most popular the Berkeley-Columbia Executive MBA a rich courses, says Tee. environment for entrepreneurial-minded students. “Being entrepreneurial is such an important Besides courses like entrepreneurship and private quality in an executive in a world that is getting equity, students benefit from activities and programs increasingly complex and competitive,” she says. “In at the Berkeley Entrepreneurs Forum and the our entrepreneurial courses, we seek to cultivate Entrepreneurial Best Practices Series at the Lester this quality in our participants, as well as promoting Center for Entrepreneurship, as well as events at intrapreneurship, too, which is the idea of behaving Columbia’s Lang Entrepreneurship Center. like an entrepreneur, but in a large organization.” “These extracurricular activities allow students In addition to courses, INSEAD also organizes to make connections and test out their ideas,” says other activities for entrepreneurs, such as student Carol Lo, acting executive director of the Berkeley- clubs and business venture competitions. The school Columbia Executive MBA Program. also hosts the INSEAD Private Equity Conference and Because many students and faculty are the Global Entrepreneurship Forum. entrepreneurs or are involved with entrepreneurial EMBA Programs address the needs of activities, networking is one of the big pluses of entrepreneurs in several ways. the program, she says. For example, participants in “An EMBA Program, which focuses on general the alumni-student coaching program can connect management, can help students plug gaps in to an entrepreneur for peer-to-peer mentoring knowledge and give them a broader set of tools to and discussion. And the alumni network offers deal with the demands of being an entrepreneur,” she special online interest groups, including one for says. EMBA formats allow entrepreneurs to further entrepreneurs. develop their potential while continuing to run Graduates benefit from a double alumni network, their businesses. In addition, they gain access to an which extends their connections. Entrepreneurs can invaluable and large network. INSEAD, for example, turn to their network when they need guidance, want has 42,000 alumni in almost every country. advice about raising capital, or are looking for good Students also value the confidence that comes from people to hire. completing the program, says Tee.

Fall 2011 5 “Succeeding in a rigorous program and proving Entrepreneurship is a natural component for themselves amongst the best people in the business EMBA Programs, says Carpenter. world gives them the confidence that they can tackle “Innovation is the way an economy grows and the anything that comes their way as entrepreneurs.” way a business grows,” she says. “In the end, EMBA Programs are all about entrepreneurship–they are Entrepreneurs Welcome about educating one with the tools to be successful leaders within their organization–be it their own or Thunderbird School of Global Management someone else’s.” As the business world changes, with less dominance by large corporations, small- to medium- Entrepreneurship Concentration size businesses are driving more economies, and entrepreneurs are driving many of those businesses, Duke University says Barbara Carpenter, associate vice president, Ten years ago, when Duke University surveyed EMBA Programs at the Thunderbird School of students in its three Executive MBA Programs about Global Management. “EMBA Programs can fill in the their career aspirations, between 15 and 18 percent gaps in the business skills needed to run a successful said they were interested in entrepreneurship. business,” she says. Today, that percentage has risen to between 22 and An ‘entrepreneur’ is more of a quality within a 25 percent, says John Gallagher, associate dean for person than it is a professional title, says Keaton Executive MBA Programs. Allen, director of the EMBA Program at Thunderbird. To support that interest, Duke added an optional “At Thunderbird, we teach these entrepreneurs the concentration in entrepreneurship and innovation skills they need to create value in the most efficient two years ago. Students who choose the concentration ways.” must first take two elective courses in the sixth or To help attract entrepreneurs to the program, last term of the program. The first course explores Thunderbird offers a partial tuition scholarship. The entrepreneurship management challenges and new program also includes a course on entrepreneurship/ venture management. The second focuses on venture intrapreneurship, where EMBA students create a capital and finance. business plan and present it to investors. A lucky few The next step involves writing a proposal for attract funding, including a team that received an an individual project of “considerable weight,” as offer of $1 million in seed money from one of the Gallagher puts it. Once the proposal is approved, review panelists. students are assigned to a faculty member who Steven Stralser, clinical professor at the oversees their work. The project, worth the equivalent Thunderbird’s Walker Center for Global of two courses beyond the regular program Entrepreneurship and self-described reformed requirements, must be finished during an optional entrepreneur, teaches the class. seventh term. Once completed, the concentration “It’s difficult to really teach someone to be an appears on the student’s transcript. entrepreneur,” says Stralser, who spent the first half “The concentration gives students an extra of his career running a diverse array of businesses. credential that sets them apart,” Gallagher says. “Being an entrepreneur is really about an internal In addition to the two elective courses and the passion, self-drive, and vision to seize and act on the optional concentration, students have access to the opportunity.” activities of the Center for Entrepreneurship and But the classroom can provide students with the Innovation and the Center for the Advancement tools that entrepreneurs can use to reduce their risk of Social Entrepreneurship, which are both part of in a new venture, he says. “This course ties together so Duke’s Fuqua School of Business. Students also may many elements of the EMBA Program,” says Stralser. participate in the student-led Entrepreneurship and “The course also looks at intrapreneurship, and Venture Capital Club. companies increasingly want their leaders to apply “It’s clear that students are becoming more entrepreneurial thinking and generate innovation.” interested in adding entrepreneurial thinking to The real value is in the EMBA experience, says their skill set,” Gallagher says. “But that interest Allen. “Entrepreneurs have no financial benefit from varies according to age and experience. We have having an MBA diploma hanging on their wall,” he three Executive MBA Programs with very different says. “However if they come to our program and learn demographics, and we want to provide support for how to think differently and find better solutions to entrepreneurs that is appropriate at each stage of problems, then they will be able to turn their time their career.” spent at our school into dollar signs for their current or future business.”

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Fall 2011 7

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Executive MBA Council turns 30 years young In early 1981, on a cold winter day in St. Louis, Missouri, in 2011 a conversation in a local hotel lobby helped cast the dye for the formation of the Executive MBA Council. Chuck Hickman from the Association to Advance Collegiate Schools of Business (AACSB International), Pete Lyon, who started the EMBA Program at the University of Houston, Chip Parks then at Emory University, and Ron Gist from 1 9 8 1 - 2 011 the University of Denver decided that it was time to bring 30 Idirectors and staff members from EMBA Programs together. Lyon volunteered the University of Houston for the location of the first gathering, known then as the Executive MBA Workshop. They expected 50 or 60 participants, but in the end, they couldn’t accommodate all those who wanted to attend. Since then, the Executive MBA Council–and the EMBA industry–has come a long way. In 2011, as the council marks its 30th anniversary, 400 participants are registered to attend the EMBA Council Conference in Key Biscayne, Florida.

Fall 2011 9 Throughout the years, the council sponsored Conferences research to learn more about the industry, began The council hosted conferences in Baltimore new professional development opportunities, (2006), Toronto (2007), Chicago (2008), San launched regional meetings and annual Diego (2009), Vancouver, Canada (2010), and Key conferences, established itself as an independent Biscayne/Miami (2011). Conference attendance organization, extended its reach worldwide, hit an all-time high in Chicago, with 420 registrants. developed new initiatives to support its role as the In 2007, the council added the Director’s Forum, voice of the industry, and much more. designed for experienced EMBA directors, to Council members are known for their collegiality its pre-conference offerings. In 2010, a new pre- and for camaraderie and for sharing ideas and conference Career Services workshop attracted best practices. Along the way, friendships have more than 35 participants. been formed, and networking has helped EMBA Program administrators take their programs to the Regional Meetings next levels. “It’s a wonderful experience to serve as executive Council members continue to host regional director of the council,” says Michael Desiderio, meetings. The first European Regional Meeting who joined the council in July 2007. “I’ve had the since 2006 was held in 2009. The first Latin pleasure of meeting and working with so many American Regional Meeting since 2004 was held in great individuals. They are committed to the 2010. organization and lend their time and talents to serve the membership and promote the industry.” Research Since its 25th anniversary celebration, the council Participation in the council’s Membership has marked new milestones. The following offers a Program Survey also remained high. In 2007, the look at a few of the highlights in the past five years. council reported on the results of its first Student For a brief look at highlights from the first 25 years, Entry Survey, which allows programs to collect see the timeline. benchmarking data on marketing and admissions efforts. Participation in the 2007-08 Student Exit Survey reached an all-time high of 123 programs. The council launched a polling survey in 2009, which is a periodic survey to take a quick pulse of the industry on various topics.

Highlights: The first 25 years

First non-United States based EMBA Conference in First Executive Toronto, Canada MBA Workshop in First recipient of the Houston, Texas Bud Fackler Service Return of the Start of collaborations Award: Walter “Bud” First issue of the Executive MBA with AACSB and Fackler, University of newsletter, Executive Council Program GMAC Chicago MBA Review Survey

1981 1983 1987 1988 1991 1992 1994 1997

First EMBA Incorporation of New visual identity First regional Conference, Executive MBA for the council meetings Developing Quality Council First corporate in Executive MBA First chair of the members Programs, Atlanta, newly formed Georgia First council organization: Tom web site Ferrence, Columbia University

10 Executive Connections Professional Development Voice of the Industry In 2008, the council launched its first webinar, Council media efforts resulted in contributions Marketing on a Shoestring Budget, followed by a new to numerous stories in publications such as the webinar in 2009 and three webinars each in 2010 Financial Times, Wall Street Journal, and New York and 2011. In addition, the council continued Times. In addition, many outlets have published to offer its flagship Marketing and Admissions the results of EMBA Council research. Program and in 2009 launched a version of the In 2010, the council launched a new web site program for the European market. It was the for prospective students at www.executivemba.org. first council program designed specifically for The council-sponsored site offers prospective the European market. In addition, the council students an array of information about Executive continued to offer its Teaching Effectiveness for MBA education. It includes clips from videos that Faculty seminar. were submitted by council members as part of the In 2010, the council modified its mentor council’s video contest, which was launched in program to encourage connections. Mentors and 2009. The site also features a new tool that those who are new to the industry complete an prospective students can use to search and compare online application, preferably in August, although EMBA Programs worldwide. applications are accepted at anytime, and make a In 2011, the council launched an iPad and yearlong commitment. iPhone app that allows prospective students to search and compare EMBA Programs worldwide. International Representation Individuals in more than 50 countries have downloaded this app. Also in 2011, the council In 2010, the council appointed its first non- released its first eBook,EMBA Up Close: What You U.S.-based board chair, once again breaking new Need to Know About the Executive MBA, which is ground. The council continued to welcome new available for download at www.executivemba.org. members from throughout the world. For example, in 2011 it added its first member from India. The incoming board currently has five representatives Leadership Change from non-North American countries, including its In July 2007, the council hired its first full-time first representatives from the Asian region. Executive Director, Michael Desiderio. Taken by the Board of Trustees, this step was evidence of the council’s commitment to long-term services to the EMBA industry.

Independence as nonprofit organization First Managing First Student Exit Director: Maury First Marketing and 25th anniversary Satisfaction Survey Kalnitz Admissions Program Web site redesigned celebration

1998 1999 2000 2001 2002 2003 2004 2005 2006

First Asian and Latin First Teaching for International First non-North American regional Faculty seminar membership nears American based meetings 25 percent conference, First council Barcelona, Spain international regional meeting in Paris

Fall 2011 11 New on the Electronic Bookshelf

EMBA Council eBook offers prospective In October, the Executive MBA Council released its students a debut version of EMBA Up Close: What You Need to Know comprehensive guide About the Executive MBA, an eBook that offers prospective to the EMBA experience students a resource as they explore the Executive MBA. The eBook appears in a downloadable PDF version on the council’s prospective student web site at www.executivemba.org and also will be distributed in ePub form through iBooks and other electronic book Ioutlets. The council published the eBook to offer a substantive look at the value of an EMBA education, at the different aspects of the EMBA experience, and at the selection and application process. For many years, the council has produced a brochure on the advantages of Executive MBA education, but an eBook offers a vehicle for significantly expanding that information, says Michael Desiderio, executive director of the EMBA Council.

12 Executive Connections “We wanted to tell the story that In addition to helping generate overall on the eBook from students, alumni, defines the distinct benefits of the interest among prospective students, the and EMBA members in the future. EMBA experience and showcases its eBook is available for member programs “It’s exciting to launch this first advantages,” says Desiderio. “We also to use in their own recruitment efforts, version of the eBook,” says Desiderio, wanted to help students understand says Desiderio, who encourages members “but we also look forward to continuing what happens during the program and to share their thoughts about the eBook to improve and enhance its contents in guide them through the key steps of with the council. The council will be subsequent versions.” selecting a program and completing adding a mechanism to gather feedback their application.” Much of the content for the eBook results from a series of interviews with more than 55 sources, including EMBA alumni and students throughout the [ EBOOK EXCERPT ] world, a variety of EMBA program administrators, and EMBA Council strategic partners. Alumni and students Application of Knowledge talk about the impact of their degree experience on their career and their One year before Ronald Tichelaar entered his Executive MBA Program, organization, about the benefit of their his company, Ames, SA, opened a new plant in Spain. global exposure, about their strategies to “I was in charge of the commercial side of business development,” says balance their lives while in the program, Tichelaar. “But I had no clear vision of how to proceed.” about their selection criteria for In the first year of his program, he began taking core courses, and finding programs, and about many other related them extremely relevant to the challenges that he faced in helping the new topics. plant move forward. The eBook is organized into six main “One of the first pieces that I learned in the program was the tools of sections: business strategy,” he says. “This was a great start, and it gave me the • What is an EMBA? motivation to put these tools into practice. From this point, I just kept • Why get an EMBA? going, adding new knowledge as I went.” • What does the landscape look like? Tichelaar took what he learned from the program and developed a • How do I select a program? strategic plan for the new plant. “We were able to connect the dots in our • What to expect?...A view from the field strategic plan,” he says. “As a result of strategic planning, we had a clear • How do I prepare? mission and vision. Everyone—marketing, production, etc.—was all well aligned.” The eBook is another tool that The work proved successful. The plant launched with 15 employees, and both helps prospective students and now has 50 employees. others understand the Executive MBA “Our sales have grown from 30 to 50 percent each year. This would not and helps generate interest in EMBA have been possible without a strategic plan. During these years of economic Programs, says Desiderio. At the crisis, this is spectacular growth.” 2010 EMBA Council Conference in His classes also helped him deal with the impact of the financial crisis. Vancouver, the council unveiled Through his core course in finance, he learned how to finance new projects a web site for prospective students, and ideas and gained tools to look at internal and external barriers and www.executivemba.org. Earlier this opportunities. He also walked away with tools to help him promote year, the council launched a mobile innovation and research and development. application based on the search-and- Not only did the knowledge make a positive impact on the bottom line of compare programs feature on the web his business, it also supported his own personal and professional growth. site. “Before the Executive MBA, I was insecure in my business knowledge,” “These new tools will help us bring he says. “I had an engineering background. I needed more general greater visibility to the EMBA industry,” knowledge to take the next step in my career.” says Desiderio. “They also very much support our mission to be the voice of the EMBA industry worldwide.”

Fall 2011 13 From Italy to São Paulo and Points in Between

EMBA Council Regional Meetings involve This summer, 26 participants from Executive MBA Programs members throughout throughout Europe gathered at the Politecnico di Milano the world School of Management in Milano, Italy, for the EMBA Council Regional Meeting. The business school hosted the regional meeting at its new site that offers facilities for all the teaching, training, and research activities of the School of Management, as well as for the Department of Management, Economics, and Industrial TEngineering. “The new site helps a direct integration between students, professors, and research fellows, both of the MIP and the University,” says Andrea Sianesi, associate dean of Politecnico di Milano School of Management.

In addition to a look at the new site, the European Regional Meeting featured key presentations and discussions on faculty management, corporate sponsorship, global programs, and rankings and accreditation, including the following:

Participants at the European Regional Meeting, Politecnico di Milano School of Management, Milano, Italy

14 Executive Connections • Issues in Faculty Management / Andrea members, and the importance of • The Role of Business Schools in Sianesi accreditation to improve internal quality, Fostering Innovation / Piero Morosini, • Faculty Management from a Program he says. director of Leadership and Strategy Center, Management Perspective / Karen On another continent, the last CENTRUM Católica Ellison, program manager, Global Executive regional meeting of the year, the Latin • Latin American Trends Open MBA at IESE America Regional Meeting, took place Forum: Competitiveness and • Corporate Sponsorship / Paolo Aug. 31. Hosted by CENTRUM Católica, Entrepreneurship in the New Era Leutenegger, EMBA alumnus and head the meeting agenda included the / Fernando D’Alessio, director general, of equipment for Universe Observation at following presentations. CENTRUM Católica; Bruno Giuffra, Thales Aleia Space • Are Business Schools Crafting director, Mundo Empresarial; Ruben • Global Partnerships: An Exciting (and Transformational Leaders? / Fernando Guevara, director of research, CENTRUM Sometimes) Challenging Experience / D’Alessio, director general, CENTRUM Católica; Adrian Fajardo, director, Center Saskia Treurniet, director, Global Executive Católica of Entrepreneurship, CENTRUM Católica OneMBA Program at the Rotterdam School • How Latin American MBA Programs Regional meetings offer much value of Management Can Be Internationally Competitive / because they allow participants to focus The meeting produced several Guillermo Selva, dean, Master’s Programs, on concerns that are unique to their benefits, says Sianesi, encouraging INCAE Business School area. “For the most part, many Executive participants to make new connections • Implementing Curricula to Accurately MBA Programs have a domestic market,” and to share the challenges of running Attend Social Responsibility Principles says Sianesi. “The regional business a joint EMBA Program. It also helped / Percy Marquina, director, CENTRUM schools have similar problems, and it emphasize the need for strong Future helps us all to share.” cooperation between staff and faculty • New Trends in Management Education / Sharon Bamford, AMBA CEO

Fall 2011 15

A Time for Celebration 2011 Annual Report

Fall 2011 17 2011 Annual Report

Happy Anniversary

In times of challenge there are always opportunities!

This is what I am reminded of when I think of what we have done as an organization to evolve, to grow, to become better. As Executive MBA Programs respond to these challenging times, the EMBA Council, too, has responded, drafting innovative strategies to assist members in strengthening their programs.

Eye to the future Continued financial prudence As a board and organization, we and wise investment continue to look ahead and weigh While planning for the future is critical, new initiatives. We devote a significant as always, we take our role as good Tamount of time in every board meeting stewards of the council very seriously. to planning for the future and looking at We practice financial prudence while ways for innovation in our programs and simultaneously investing in ways to serve our industry. This year we placed renewed our members. For example, keeping emphasis on three key strategic initiatives: dues flat again while also launching • Student Market the prospective student web site • Internationalization (www.executivemba.org), the iPad/ • EMBA/EMBAC Brand iPhone app that allows prospective students to search across member programs, and the recently released eBook clearly supported our student market initiative. 2009 ANNUAL REPORT

18 Executive Connections 2011 Annual Report

Internationalization leadership. Your board members have • Catherine Molony, director, MBA In 2011, the EMBA Council celebrates sacrificed much personal time on behalf Program for Executives, East, and its 30th anniversary. In 1981, the EMBA of the membership. Please thank them director of admissions, The Wharton Council began in the United States. for their continued service! School, University of Pennsylvania, Thirty years later, the council now has 33 It has been a great year as chair; I have served as co-chair for our professional percent of our members from schools thoroughly enjoyed the process and development committee. To say that are not based in the United States. the challenges. While I was privileged that Cathy has been extremely In addition, this year the EMBA Council to serve with each and every board involved as a board member would elected its first two board members from member, I want to pay particular thanks be an understatement. Professional the Asia region. These new members, to five board members whose service as development has thrived during her coupled with the return of a board board members ends this year. third term on the Board of Trustees. member from Latin America, the • Brad Vierig, associate dean, University Cathy brought a strong knowledge of election of another European member, of Utah, David Eccles School of Business, the EMBA Council, its history, and the and my return, mean that 45 percent of has been a great leader of the board EMBA industry at large, which has been our board is from outside the United throughout the past four years. Brad critical for the growth of many council States. Finally, I served as the first non- has served as treasurer, vice chair initiatives. U.S. chair of the board. Clearly we have of the board, board chair, and most • Lucy Maillette, executive director, made strides! recently past chair, which gave him the Executive MBA & Weekend MBA responsibility of leading our critical Programs, Michigan State University, Eli EMBA/EMBAC Brands board election process. He also has led Broad Graduate School of Management, our EMBA Toolkit and was the co-chair served as co-chair for our professional With mentions in the most prestigious of our 2008 conference. Brad always development committee. Lucy not media, such as the Financial Times, Wall helped us to look at everything from only brought her sense of humor to Street Journal, and New York Times and different perspectives to reach the best share with everyone on the team, but with the presentation of our executive alternative. a clear-thinking and strategic mindset, director at the annual MBA meeting of • Bill Lindsey, associate dean, coupled with a work ethic that drove EMBA Council strategic partner EFMD, Executive MBA, Loyola Marymount results. Lucy’s hand was always raised the Executive MBA and Executive MBA University, served as co-chair for our when work needed to be done. Lucy also Council brands are stronger than ever. 2009 conference and as the co-chair served on the 2008 and 2009 conference of the branding committee. Bill has committees, and others before joining Volunteer Power been dedicated to the efforts of the the board. So another good year for our council, never shying aware from I look forward to the upcoming year, organization has unfolded! Your tough discussions or hard work. Bill my last on the board, as I know that involvement with the council is key to often served as our board barometer, great opportunities lie ahead. all that we do and can come in many reminding us of the implications of It has been a pleasure and honor to different shapes and sizes. I would like our discussions for small schools. serve as chair for the past year. There is to personally encourage your continued Bill brought a profound academic an exciting future ahead for the EMBA contributions—small or large. We need perspective to everything he touched. great minds and people who are willing Council, and I have confidence in our • Guillermo Selva, dean, Master’s to devote their efforts and passion to council members and leadership. Please Programs, INCAE Business School, advance our programs and industry. feel free to contact Michael, board served as chair of our membership It is a very rewarding experience and members, or me at anytime if we can be committee. Guillermo has spent offers you the opportunity to work with of assistance to you and your programs. countless hours talking to schools and wonderful colleagues. So whether you Thank you, and I look forward to seeing reviewing materials. I want to thank him choose to volunteer to host a meeting, you in Key Biscayne, Florida. for his dedication and time in serving as deliver a session, or sponsor an event, a board member. His tenacity in pushing Sincerely, or have an interest in committee work our international focus and growth in (Branding, Conference, Membership, international membership has been Professional Development, Research), invaluable. He is very focused and has a know that your efforts are valued. strategic mindset to all of his decisions. I want to thank Executive Director He also served on the 2009 and 2010 Jordi Diaz Michael Desiderio and the members of conference committees. 2010-11 Chair, Executive MBA Council the Board of Trustees for their terrific Board of Trustees

Fall 2011 19 2011 Annual Report

Evolution

Time just seems to continue to accelerate faster and faster every year. I can’t decide if it’s an artifact of my age, my son who is now walking, or that we continue to do more and more as an organization every year. Perhaps it’s a combination of all those things!

Well, regardless of the reason, time has moved EMBA Council by leveraging technology and by very rapidly, and our annual conference is broadening our sphere of influence globally. just weeks away as I craft this component of our Finally, to create yet one more channel into annual report. Preparing to see all of you at our the prospective student market, we are feverishly conference is one of the highlights of the council working on an eBook about our industry that I year…but truth be known, it is only one of the mentioned at last year’s conference. Stay tuned highlights. for exciting information about this effort. In 2010 we delivered three webinars each with As always, I love highlighting our efforts in a different focus: rankings, safety and security, the “technology space,” as these expand our and social media. In 2011 we have continued the reach, increase our currency, and enable us to path of leveraging this very successful delivery make corrections in weeks…not years. However, method to remove the constraints of geography I would be remiss if I didn’t also highlight some and share rich, relevant content through a time- of the other efforts that have provided value to efficient delivery method. our members for years and that evaluations say This year by the time June closed we had continue to provide value. already delivered two webinars: Financing the This year we once again held our Marketing EMBA and Women and the EMBA. The third and & Admissions Program in Atlanta at the Georgia final one for this year, which will have been Tech Hotel and Conference Center. In 2010 we delivered by the time you read this, was focused had 24 participants in the program. In 2011, I on looking at and understanding council am happy to report we had 36 participants, a 50 research data. Needless to say, the webinar percent increase from 2010! Even more exciting format has become a standard component of our was that we had 29 schools from Canada, China, professional development portfolio, but then so Germany, Spain, The Netherlands, and the U.S. has finding ways to engage technology in other represented. areas to grow our space. The program saw some changes in 2011 as we Last year at the conference, we unveiled added a social media component, which was well our new prospective student web site received. We also refreshed all the cases, thanks (www.executivemba.org), and this site continues to our new faculty director for the program, to gain traction. We have received very positive Marci Armstrong from Southern Methodist feedback from you the member, and are University. The 2012 program will see some continuing to find ways to enhance and additional enhancements, so be sure to check improve this very important initiative to serve the member web site for details. our industry and our member schools. While the Marketing & Admissions Program To create another channel beyond the did experience great attendance, so did the prospective student web site, in May of this year cycle of regional meetings throughout the world. we launched an app for the iPad/iPhone that These meetings took place in Europe, Latin provides a searchable database of our member America, and North America, continuing to be a programs. Individuals in more than 50 countries draw for our members. Scheduling didn’t allow have downloaded this app. Once again, we me to attend all of them, but I was able to make have found a way to expand the reach of the most of them. The level of content, sharing, and networking at these meetings continues to

20 Executive Connections 2011 Annual Report

impress new attendees—at least that’s what they As the person who brings ideas to our board shared with me. These meetings are made possible (sometimes crazy ideas), who runs the operation through the generosity and hard work of a host daily, and who is ultimately responsible for school, and their value is clearly evident. executing our strategy, being in sync with our board Lest you think the EMBA Council is immune to is critical. I am so fortunate to be the beneficiary the challenges of the economic conditions that of a group of individuals who not only have great persist globally, we did once again experience knowledge about our industry and are willing to the loss of some members on both the academic share it, but who are also willing to be a sounding and corporate side. As the executive running our board for me, and ultimately who are willing to do association, it always saddens me when we lose any real work. So when you see the board, thank them member...it’s never easy to lose one of “your own.” for what they do to serve you the member. While it is always disappointing to lose any member, Speaking of the board, this year, we will welcome as of this writing those that left us departed because five new board members, with three of the five from they were ending their program, restructuring, outside of North America, and two of those three or facing fiscal constraints that changed their residing in what we consider the Asia region. I have approach and organization. None reported leaving checked the archives, and it is possible something because of dissatisfaction with our organization, is missing in those records, but it appears this is a a small glimmer of light in dealing with this milestone year, as we have never had someone from unfortunate loss of members. Asia sit on our board, and this year we will add two. Our push to grow outside of North America Clearly our organization is continuing to advance continues. Our team, committee volunteers, board, its presence globally! and staff, have been implementing methodical Earlier this year we outlined three key strategies plans to seek out and attract new members. The for 2011: student market, internationalization, recruiting and winning of new members is not and EMBA/EMBAC brand. All three clearly align necessarily a rapid one; it takes time for a potential with each other, are complementary in focus, and member to make the decision to apply to join the preceding prose in the paragraphs leading to our ranks…perhaps not unlike an EMBA student this point serve, I believe, as evidence that we are wrestling with the timing of going back to school. moving the needle on all three of these fronts. While our outreach efforts have been primarily As always I feel privileged to lead our targeted outside of North America, we also have organization and am so thankful for the help of benefited from new members joining us in that our contractors, staff, board, volunteers, and you region as well, both from Canada and the U.S. But the member! No association can thrive, can evolve, we’re not done. Membership is always an ongoing or can advance without the influence and support effort, and we will continue our push to grow of those we serve. I look forward to the challenges globally. ahead, finding ways to help our industry navigate You may have even noticed that in recent months the changes while embracing the future with we added a referral button to every EMBA Council optimism! email blast. This is a way of providing you with a quick and easy way to refer a potential member. We Sincerely, encourage you to use it liberally. Lastly on the membership side, we have attracted some former members back into our association. In some cases, it was a result of our enhanced Michael Desiderio presence from the new web site and app; in some Executive Director cases it was those who left us previously for budget reasons and who are now able to return.

Fall 2011 21 2011 Annual Report

MEMBERSHIP CONFERENCE

2011 membership The Executive MBA Council welcomed 400 reached 216 schools participants to the 2011 Executive MBA Council and 316 programs. Conference, Oceans of Opportunity, Oct. 16-19, in Key Biscayne, Florida. The three plenary sessions at the 2011 Executive MBA Conference offered insights on LEADERSHIP the corporate perspective of the Executive MBA, talent management trends, and leadership. 2010-11 board The conference also featured a diverse range of membership included concurrent sessions. and the popular pre-conference eight representatives Director’s Forum for experienced administrators and from the United States, the Executive MBA Toolkit for members who are new to two representatives the industry. This year also marked the return of the 2010 pre-conference offering: Building and from Latin America, Enhancing EMBA Career Management Programs: Marketing a Competitive Advantage. In 2011, the and one representative conference also debuted a career services track, six concurrent sessions that focused on helping from Europe. those who are involved with EMBA career services improve their performance or offerings.

BRANDING/COMMUNICATIONS

The council distributed four issues of its online quarterly newsletter, EMBA News, which in addition to including news stories about the council and board and corporate member profiles, also highlights news and information from member schools. It also published two issues of Executive Connections, a print magazine for members. The council named the winners of its second Executive MBA Council video contest, which took place at the 2010 conference. Kent State University received top honors, capturing the gold medal, and The Ohio State University and Naval Postgraduate School won silver medals. The contest helps shine the spotlight on the many merits of the degree. In 2011, two new projects were launched to reach prospective students: a mobile application on the Executive MBA and EMBA Programs for the iPhone and iPad, as well as an eBook that offers prospective students a resource as they explore the Executive MBA. The EMBA app allows prospective students and others who are interested in EMBA Programs to search and compare EMBA Programs worldwide. For information on the eBook, see page 12. The eBook and the app can be downloaded through the council’s web site for prospective students at www.executivemba.org, which the council unveiled in 2010. Included on the site is a tool that prospective students can use to search and compare information about member Executive MBA Programs worldwide. The council also added two blogs to its prospective student web site—one from management and marketing consultant Tim Westerbeck, president of Eduvantis, LLC, and one that features member programs. Westerbeck’s blog also appears on the council’s member web site. MIl estones

REGIONAL MEETINGS The slate of 2011 regional meetings involved hundreds of members, who explored issues that were both unique to their region and applicable to the industry at large. USA/Southeast Region Georgetown University Washington D.C. April 10-12 USA/Canada Northeast Region Villanova University Radnor, Pennsylvania April 17-19 USA/Southwest Region Texas Christian University Fort Worth, Texas June 13-14 USA/Canada Western Region University of Denver Denver, Colorado June 26-28 European Region Politecnico di Milano School of Management Milan, Italy June 27-28 USA/Canada Midwest Region University of Nebraska Omaha, Nebraska July 12-13 Latin American Region Pontificia Universidad Catolica Del Peru Lima, Peru August 31

22 Executive Connections 2011 Annual Report

RESEARCH EDUCATION

Participation in Executive MBA Council research initiatives The council once again offered the popular Marketing and Admissions continues at high levels, with 93 percent of member programs Program. Held March 20-23, 2011, at the Georgia Tech Hotel and completing the 2011 Executive MBA Council Membership Program Conference Center in Atlanta, Georgia, and offered in collaboration with Survey. The Program Survey offers the most comprehensive look GMAC, the program attracted 36 participants. available of Executive MBA Programs worldwide. The council launched the following webinars in 2011: Participation also remained high with 101 programs taking part Financing the Executive MBA/ May 10, 2011 / in the 2010-11 Student Exit Survey. The survey helps programs Gonzalo Freixes, associate dean of the Executive benchmark and improve their practices by providing insights about MBA and Fully Employed MBA Programs at the UCLA student opinions and degree impact. Anderson School of Management The Student Entry Survey allows programs to collect benchmarking data on marketing and admission efforts, and 54 Women and the EMBA / June 8, 2011 / Beatrix Dart, programs participated in the 2009-10 Student Entry Survey, with associate dean, Executive MBA Programs, Rotman 1,930 students responding. School of Management, University of Toronto Percept Research, an independent market research firm, Applying 2011 EMBA Research Results / September conducts the surveys on behalf of the council. 21, 2011 / George Bobinski, associate dean of the School of Management at Binghamton University

MEDIA

The council contributed to a number of stories about Executive MBA education in 2011, including the following media appearances:

Story Author/Outlet Date Employer Assistance with MBA Tuition on Wane: Economic downturn brings decline in help, but enrollment in mba programs remains strong Kathleen Megan / The Hartford Courant Aug. 3, 2011 Betting on an EMBA Geraldine Fabrikant / New York Times July 22, 2011 Executive MBAs for under $50,000? Yes, they exist John A. Byrne / www.management.fortune.cnn.com May 16, 2011 New iPad and iPhone App for EMBA Applicants John A. Byrne / www.poetsandquants.com May 12, 2011 Trains, planes, and EMBAs Rebecca Knight / www.ft.com April 11, 2011 Paying for your EMBA? How your company can help Joan Ramsay / Globe and Mail Update, Canada March 16, 2011 Executive MBA Pay and Demand on the Rise: Savvy executives turned to the degree and thrived amid economic turmoil Brian Burnsed / www.usnews.com Feb. 28, 2011 Biz School for Executives Entices Students Alec Luhn / The Moscow Times Jan. 31, 2011 Exec MBA Grads Reaping Rewards www.investors.com Jan. 7, 2011 Salaries of Recent Executive MBA Graduates Continue to Rise news release / BusinessWire Posted on more than 250 key portals and news sites, including: Yahoo Finance, MarketWatch.com, Timesunion.com (Albany Times), AND.com (Anchorage Daily News), ContraCostaTimes.com (Contra Costa Times), ElPasoTimes.com (El Paso Times), Euroinvestor.co.uk, Ibtimes.com (International Business Times), IdahoStatesman.com (Idaho Statesman), KCBS.com (San Francisco), Weareaustin.com (KEYE TV Austin), KansasCity. com (Kansas City Star), ABC TV websites in assorted markets, including San Francisco, Fresno, Chicago, Toledo, and Houston, Kentucky.com (Lexington Herald), Mpr.org (Minnesota Public Radio News), NYDailyNews.com (New York Daily News), and UPI.com (United Press International) Executive MBA Council Releases 2010 Membership Data news release / BusinessWire (897 views) Posted on more than 250 key portals and news sites, including: Yahoo Finance, MarketWatch.com, Forbes.com, American Public Media – Marketplace.org, Boston.com (Boston Globe), CBSnews.com, and web sites for CBS stations in Denver, Philadelphia, San Francisco, and Dallas Fort Worth, Cincinnati.com (Cincinnati Enquirer), Dispatch.com (The Columbus Dispatch), StarTelegram.com (Fort Worth Star Telegram), Chron. com (Houston Chronicle), Ibtimes.com (International Business Times), IBJ.com (Indianapolis Business Journal), Wallstreetselect.com, SiliconValley. com, SLtribune.com (The Salt Lake Tribune), SFGate.com (San Francisco Chronicle), and Bestshoolsforbusiness.com

In the upcoming year, look for new and improved activities and services MENTOR PROGRAM MORE TO in the following areas: Experienced members and newcomers • Continued additions and enhancements to the prospective student continue to connect. Mentors and those COME web site who are new to the industry complete an • Continued additions and enhancements to the EMBA iPad/iPhone app online application, preferably in August, • Ongoing research enhancements and collaborations although applications will be accepted at anytime, and make a yearlong commitment. • Regional meetings and another outstanding conference, set for Paris, France • Additional webinar offerings • Continued professional development opportunities Fall 2011 23 2011 Annual Report

Financial Health

The council remains fiscally healthy, allowing us the opportunity to invest in new strategic initiatives, such as mobile applications that allow prospective students to search and compare EMBA Programs worldwide and the EMBA Up Close eBook.

The council received the majority of its revenue from dues and conference fees. The following graphs provide information about revenue and expenses from 2004 through 2010 and estimates for 2011.

100

Strategic Initiatives Expense 80 Allocation Conference Branding/ 60 Communications Research 40 Educational Programs Trustees

20 Office/Operations

0 2004 2005 2006 2007 2008 2009 2010 est. 2011

120100 Strategic Initiatives

Revenue10080 Allocation Conference Education, Publications, Misc. 8060 Communications Surveys 60 Research 40 Conference 40 Dues Education, Pubs, Misc 20 20 Trustees 0 O ce 0 2004 2005 2006 2007 2008 2009 2010 est. 2011

24 Executive Connections 120 Education, Pubs, misc 100 Surveys 80 Conference 60 Dues 40 20 0 2010-11 BOARD OF DIRECTORS Bolster your Jordi Diaz (Chair)...... [email protected] Director of Programs, EADA marketing and

Brad Vierig (Past Chair)...... [email protected] recruiting Associate Dean, Executive Education, University of Utah effectiveness Armando Dal Colletto ...... [email protected] Dean, Business School São Paulo – BSP Gonzalo Freixes...... [email protected] 2012 Associate Dean, UCLA Louise Kapustka...... [email protected] Marketing Executive Director, Executive MBA, University of Washington Foster School of Business Bill Lindsey ...... [email protected] and Associate Dean, Executive MBA, Loyola Marymount University Lucy Maillette ...... [email protected] Admissions Executive Director, Executive MBA & Weekend MBA Programs, Michigan State University Barbara Millar ...... [email protected] Program Assistant Dean, MBA for Executives Program, University of Virginia Darden School of Business

Catherine Molony ...... [email protected] Director, MBA Program for Executives, East, and Director of Admissions, University of Pennsylvania March 25–28, 2011 (Sun-Wed)

Carol Newcomb...... [email protected] Georgia Tech Hotel and Executive Director, Executive Education, The Ohio State University Conference Center Guillermo Selva...... [email protected] Atlanta, Georgia Dean, Master’s Programs, INCAE Business School

Ex Officio Ellen Gandt (Corporate Liaison) ...... [email protected] The program features Director of Sales & Marketing, Higher Education, Harvard Business Publishing • Leading experts Executive Director Michael Desiderio ...... [email protected] • Customized case studies Executive Director, Executive MBA Council Phone: 480.584.3046 • Interactive approach and time for networking Strategic Partners Association of MBAs (AMBA) Association to Advance Collegiate Schools of Business International (AACSB International) Graduate Management Admission Council (GMAC) Learn more and register at: European Foundation for Management Development (EFMD) Central and East European Management Development Association (CEEMAN) www.emba.org/courses_ marketing_admissions.htm Corporate Members* Accent & TravelMBA, the University Division Harvard Business School Publishing of WorldStrides Intelliworks, Inc. AIH Destination Management Ivy Software Sponsored by the Executive MBA Andromeda Training, Inc. International Study Programs Council, in collaboration with the Annodyne, Inc. Latin American Study Tours Graduate Management Admission The Austral Group MBAheadhunter Campus Text, Inc. PageWell Council Cambridge Business Publishers SS&C Technologies – Zoologic Learning CareerBeam Solutions China Star Professional Programs Study.Net Executive Core The Washington Campus Financial Times XanEdu Going Global Your Edg e *Current list as of printing date One University Drive ASBE Orange, CA 92866 www.embac.org

2011 CONFERENCE SPONSORS Paris, Thank You! France for supporting the 2012 Executive MBA Council Executive MBA Council’s Conference 2011 conference

Platinum Graduate Management Admission Council Northwestern University NYU Stern School of Business USC Marshall School of Business Corporate Sponsors University of Miami Accent & TravelMBA, the University Division of Gold WorldStrides China Star Professional Programs AIH Destination Management Emory University’s Goizueta Business School Andromeda Training, Inc. Rice University Annodyne, Inc. Stephen M. Ross School of Business at the University The Austral Group of Michigan Campus Text, Inc. UCLA Anderson School of Management Cambridge Business Publishers University of Chicago Booth School of Business CareerBeam University of Minnesota, Carlson School of Management China Star Professional Programs University of Utah Executive Core University of Virginia Darden School of Business Financial Times University of Washington, Foster School of Business Going Global Washington University in St. Louis – Olin Business Harvard Business School Publishing School Intelliworks, Inc. Ivy Software Silver International Study Programs Rotman School of Management Latin American Study Tours UNC Kenan-Flagler Business School MBAheadhunter University of Texas at Dallas PageWell Bronze SS&C Technologies – Zoologic Learning Solutions Northern Illinois University Study.Net october 14-17, 2012 SMU – Cox School of Business The Washington Campus University of California, Irvine XanEdu Paris Marriott Rive Gauche Hotel & Conference Center