MBA Programme 2013 One Year to Challenge Your Thinking, Change

MBA Programme 2013

One year to challenge your thinking, change your outlook and choose your future. Contents

1. Welcome to the INSEAD MBA 01 Experience

2. Ten Reasons to Choose the 02 INSEAD MBA

3. Campus Life 04

4. The Power of Diversity 07

5. Classes of 2012: Key Facts 08

6. Curriculum 10

7. Exchanges and Partnerships 12

8. Group Work 13

9. World-Leading Research 14

10. Our Faculty 16

11. Student Life 20

12. Alumni Network 22

13. INSEAD Women in Business 26

14. A Typical Day 27

15. Career Momentum 28 16. Applying to the MBA Programme 32

17. Financing: The Facts 34

18. Meet Us 35

19. Other INSEAD Programmes 35 MBA Programme 2013 01 Welcome to the INSEAD MBA Experience

Of course, INSEAD is famous for its diversity, but it’s the sheer quality of our teaching and research that I’m most proud of. INSEAD faculty are known for both their rigour and their relevance. They not only do groundbreaking research but are also outstanding at bringing the insights from that research into the MBA classroom. In addition, they know how to leverage the diversity of cultures, experiences and backgrounds in each class, which is what makes INSEAD one of the most enriching places to learn – and teach – on the entire globe.

Peter Zemsky The Eli Lilly Chaired Professor of Strategy and Innovation, Deputy Dean, Degree Programmes and Curriculum 02 MBA Programme 2013 Ten reasons to choose the INSEAD MBA

01Simply one of the best 02Unquestionably the most international We’re ranked international number 1 MBA by With 80 nationalities in every year, no dominant Businessweek and have been in the Financial culture, MBA campuses in Europe and Asia, and an Times global top 10 for over a decade, which optional US exchange, there’s no better place to means you’ll learn from some of the most expert build your international career. professors and talented peers in the world.

03Maximum return on investment 04Truly global career opportunities And minimum opportunity cost. INSEAD’s one- With over 25 expert careers staff across both year programme means only one year out of the campuses and over 100 of the world’s top MBA job market…. and only one year of fees – resulting recruiters visiting campus, you can find a new in an average 97% salary increase. No wonder the vocation or accelerate your existing career – FT ranks us higher than any other top-10 school anywhere in the world. for ROI. 05 06 A powerful alumni community Work hard, play hard, go far INSEAD’s 43,000 alumni form a tight-knit After 10 intensive months of learning, socialising, community of like-minded individuals that travelling and career building, you’ll be ready for stretches across more than 160 countries. It is any challenges life throws at you. renowned for being one of the most supportive and well-connected business networks in the world, offering you a ready-made global address book. MBA Programme 2013 03

07Grow professionally – and as a person 08Curricular and geographical flexibility Join a collaborative culture that will accelerate The 75 electives and study treks, the 2 intakes your development – and leverage your classmates’ (January and September) across 2 campuses 5,000+ years of combined experience to grow (France and Singapore) and the option of studying even faster. on 3 continents will allow you to tailor your MBA to fit your career goals.

09Entrepreneurial inspiration 10The best year of your life There’s something about having so many Nearly all our alumni say it, so – after over 50 years perspectives in one place (not just 80 nationalities, of listening to them – we figure it must be true! but also a wealth of diverse career backgrounds) that generates new ideas. Perhaps that’s why 50% of our graduates start or run their own company at some point in their career. 04 MBA Programme 2013 I bike to school past the château where Napoleon and many of the kings of France lived.

Frank Panuwatana Class of July 2012 Thai Before INSEAD: Manager in Corporate Advisory Services, Baker Tilly, Thailand Previous degree: Thammasat University, Thailand

I wanted to experience – and work in – Europe. Paris is only 40 minutes away, so I go there a So there was really only one MBA choice: few times a month. And having a scholarship INSEAD. Fontainebleau is Europe at its most (thanks to the MBA class of July 1987) has charming. I bike to school past the château enabled me to get the most out of the where Napoleon and many of the kings of experience of being in Europe. Best of all, in France lived. I go running behind campus in the addition to industry, I’m considering careers idyllic forest, which is also a world centre for in finance or consulting – and Europe’s top rock climbing. I’ve even joined the rugby club, recruiters in both fields come to campus. which was something I never thought I’d do but seemed like the right way to challenge myself! MBA Programme 2013 05 I only applied to INSEAD. I chose it because I wanted to study for a top MBA in Asia.

Linn Tonsberg Class of December 2012 Norwegian Before INSEAD: Regional Manager, Voss, Asia Previous degree: Tufts University, USA

I only applied to INSEAD. I chose it because Middle East and Europe, studied in the US and I wanted to study for a top MBA in Asia worked in Asia, including Singapore. But I’m in a and because my father did the Advanced whole new Singapore now that I’m experiencing Management Programme here a few years it through INSEAD! The campus is a wonderful back. He’s always been passionate about the mixture of the laid back and the intense, full of school and now it’s my turn. high-energy, hard-working, motivated people. There’s always something going on – whether I’ve moved every three years since I was born, it’s a National Week or an INSEAD Women in so the international environment feels like Business meeting. I always have the feeling that home. I was born in Hong Kong, grew up in the there aren’t enough hours in my day. 06 MBA Programme 2013 MBA Programme 2013 07 Take one problem and you’ll get at least 80 different views.

Trevor Muchedzi Class of July 2012 Zimbabwean Before INSEAD: Research Analyst, Strate Limited, South Africa Previous degree: National University of Science and Technology, Zimbabwe

I came here for the multi-lingual, international to emerge. All the time, I keep thinking, “I could mix – to gain leadership skills and cultural apply this idea in Africa.” sensitivity. But it’s been even more enriching than I bargained for. With more than 80 different Although I’ve experienced both Europe and nationalities – and almost as many professional Asia thanks to INSEAD – the two campuses are backgrounds – in some classrooms, you can like twins separated at birth! – I’d like to return imagine the debates. Take one problem… and to Africa. In the long run, inspired by INSEAD, you’ll get at least 80 different views. And by I’d like to start my own business there. Africa exchanging campuses, you see things from is at the point Asia was at a decade ago. If you yet another angle. The professors are real want to seize the opportunities, you just have to experts in allowing the different perspectives be on the ground! 08 MBA Programme 2013 Classes of 2012: Key Facts

5 31% average years women work experience (2 to 12 years) 29 83 average age of nationalities participants (23 to 36 years old) 1008 703 students average GMAT score (range of 600 to 790)

Diversity of Class

7% 9% Countries 12% Asia / Asia Pacific Central / Eastern Europe Latin America Middle East / Africa 24% 26% Northern / Western Europe Southern Europe United States / Canada

8% 14% MBA Programme 2013 09 10 MBA Programme 2013

The 10-month MBA programme includes five periods, each lasting eight weeks. At the end A cutting- of every period, there is an assessment (exam, essay or project) and a short break. edge, real- The first half of the programme is built around 14 core courses, which provide you with a world solid understanding of the key management curriculum disciplines.

Period Period Period Period Period

Financial Corporate Elective* Elective* Elective* Accounting Financial Policy Elective* Elective* Elective* Financial Markets & Marketing Elective* Elective* Elective* Valuation Management Elective* Elective* Organisational Organisational Behaviour I Behaviour II International Political Analysis Prices & Managerial Markets Accounting Macroeconomics in the Global Uncertainty, Process & Economy Data & Operations Judgement Management

Strategy

Business Ethics (P1-P2)

Career Orientation Job Search On and Off Campus Recruitment Strategies Job Search January intake internship/break Opportunity to take advantage of the campus exchange

* For more information on academics and elective offerings go to mba.insead.edu/academics MBA Programme 2013 11

During the second half of the programme, across both campuses). While some students INSEAD offers you an unparalleled range prefer to concentrate on certain disciplines, of innovative electives, all taught from an such as entrepreneurship and strategy, others international perspective. You can tailor the choose to take courses in a wider variety of programme to meet your specific needs and subjects to prepare for a career in general career objectives by choosing 11 electives from management. a selection of more than 75 courses (offered

Elective examples Period Entrepreneurship in Action This dynamic business simulation puts participants in the shoes of an entrepreneurial team competing in a consumer-durable market. The aim is to simulate the pressure-cooker environment of managing a new venture in the critical second-round financing stage. The highlight is the relentless focus on action and the realism – as you take dozens of strategic and tactical decisions under enormous time pressure, significant uncertainty and intense competition. Prepare for long hours and late nights! Elective areas Applied Corporate Finance — Accounting Put your insights from the core finance classes into action with this practical, hands-on course. You will — Decision Sciences apply the concepts and tools of capital structure, valuation, capital asset pricing and option pricing — Economics & (among others) to a series of real-life business cases Political Science – and discover not only their benefits but also their limitations. — Entrepreneurship & Family Enterprise Advertising and Social Media Gain a balanced overview of the rapidly changing — Finance advertising landscape – with a special focus on social media as an integral part of overall marketing — Marketing strategy. You will not only learn how consumers respond to different media and interact virally in — Organisational Behaviour social networks but also acquire valuable tools to track campaign effectiveness and ROI. This — Strategy innovative, case-study-packed elective culminates in a hands-on project to design a social media strategy — Technology & Operations for a brand, company or product. Management Strategies for Asia Pacific — Others Why is Asia such a tough business environment (Courses in areas such as ethics and for non-Asian companies and managers? Drawing communication) on INSEAD research and our long experience of succeeding as an outsider in the region, this elective supplies some answers. Better still, it gives you an in- depth understanding of how Asian markets function, how to formulate market-entry strategies and how to avoid typical management frictions. 12 MBA Programme 2013 Exchanges and Partnerships

Student Exchanges:

The Wharton School Kellogg School of Management

In addition to the dual campus exchange Since 2010, INSEAD students have had the between France and Singapore, students opportunity to exchange at the Kellogg School can also choose to take electives during one of Management at Northwestern University period at Wharton, one of the leading business near Chicago, Illinois. This new partnership, schools in the US, located on the University combined with our existing relationship with of Pennsylvania campus in Philadelphia. This the Wharton School, provides greater choice for is a particularly interesting opportunity for INSEAD students who want to spend some time students looking to develop their network and in a U.S. business school. Similar to the terms of career prospects in North America. INSEAD our Wharton exchange programme, students participants at Wharton have full access to will have access to both INSEAD’s and Kellogg’s Wharton’s career management services. Career Services teams whilst at Kellogg.

INSEAD-SAIS Dual-Degree Programme INSEAD - Lee Kuan Yew Partnership

INSEAD and The Johns Hopkins University INSEAD and the Lee Kuan Yew (LKY) School of Paul H. Nitze School of Advanced International Public Policy, National University of Singapore, Studies (SAIS) have joined together to offer a have partnered to provide students with a dual MBA/MA degree programme. continuation pathway from the INSEAD MBA to the LKY School MPA and vice versa. The dual-degree programme allows students from both schools to work toward completing This relationship enables students from INSEAD the SAIS Master of Arts (MA) and the INSEAD to branch out into public administration, and MBA simultaneously with the aim of preparing students from the LKY School into business students for careers that combine international administration. INSEAD students from both affairs and business administration. Students campuses - Fontainebleau, France and admitted to both programmes are able to Singapore - will be eligible to participate in this complete the two degrees in two and half years, collaboration. instead of the three years required to complete the degrees separately, by spending one and a half years at SAIS and one year at INSEAD. MBA Programme 2013 13 Positive friction makes for great learning.

Nidhi Joseph Class of December 2012 Indian Before INSEAD: Manager, Maersk, India Previous degree: St Stephen’s College, Delhi, India

For the first two periods of the programme, we One of our professors once mentioned that are allocated to a small group of students with we would need to engage and disagree with whom you need to work closely on classroom each other to get the most out of our group. projects and assignments. Every group has a Given our backgrounds, each of us see things different composition in terms of cultures and differently and this positive friction makes for professional backgrounds, and consequently, great learning. I have, for example, benefitted each group has a different experience. My from my team-mates’ expertise and developed group, for example, was comprised of an in areas where I was previously lacking and American, an Italian, a Chinese, a Kyrgyz (I’d they have done the same. This makes for an never met anyone from Kyrgyzstan before), an incredibly collegiate, supportive atmosphere, Israeli and me. which permeates the entire INSEAD community – including the alumni, who are always ready to help. And needless to say, it’s perfect preparation for an international career. 14 MBA Programme 2013 The INSEAD MBA: powered by world-leading research

World Real-world experts relevance

Ranked 1st for business research outside the US Our 9 academic areas cover all the main by the most comprehensive ranking (compiled business disciplines. And our 16 cross- at the University of Dallas at Texas), our faculty disciplinary Centres of Excellence reflect offer you truly cutting-edge insights. In 2011 business reality – and ensure relevance. alone, they won 22 major research awards. In Some also offer innovative MBA activities, addition, INSEAD won the overall prize at the such as the Maag International Centre prestigious ECCH Case Awards and was the for Entrepreneurship’s range of intensive only institution to win 3 awards at the EFMD “bootcamps” and business venture international case-writing competition. competitions.

Prolific Multiple publication viewpoints

You’ve probably seen the INSEAD-authored Diversity is a differentiating factor of our faculty books, Blue Ocean Strategy and The Innovator’s as well our student body. Our 145 professors DNA, or the article “The 100 Best-Performing come from 35 countries and are resident across CEOs in the World”(still on Harvard Business the three INSEAD campuses. They are great Review’s ‘most popular’ list after 2 years). But minds who think differently. That means you INSEAD professors are publishing new research don’t just get one answer at INSEAD. You get all all the time. In 2011 alone, our faculty published the possible answers. 15 books, 84 academic journal articles and 67 teaching case studies. Expect to encounter new ideas constantly! MBA Programme 2013 15 INSEAD attracts world experts who are also brilliant teachers.

Lee Gonzalez Class of July 2012 American Before INSEAD: Entrepreneur and Founder of Somnio Hostels, Barcelona, Spain Previous degree: Wharton, University of Pennsylvania, USA

When I arrived at INSEAD, I was impressed by my weak points. I came to INSEAD dreading the extremely high quality of teaching. As an accounting but to my amazement, the teachers undergraduate at a leading US business school, were so great that it was one of my favourite I always had professors who were at the top subjects. I chose to revisit the business of their field, but the classroom experience curriculum, figuring there would be more was sometimes disappointing. INSEAD makes relevant application given my entrepreneurial it a point to attract and retain professors who experience. I was pleasantly surprised by how are not only experts but more importantly, much more enriching the classroom experience brilliant teachers. They do an amazing job at is with more mature and international orchestrating diversity to generate learning. colleagues. I very much look forward to returning to my business to apply the lessons Having already studied business, I entered the I’ve learned in and out of the classroom. programme fully aware of which areas were 16 MBA Programme 2013 I link theory with practice by telling stories.

Pushan Dutt Professor of Economics Chair, Economics and Political Sciences Area Indian PhD: New York University, USA MBA teaching: Prices and Markets core course

I teach a compulsory MBA course on the effect of farm subsidies in the US and microeconomics. Economics is a logical and Europe. I link theory with practice by telling structured way of thinking about the world. stories, which is the most powerful way of You can’t understand the world if you don’t conveying ideas. understand economics. And you can’t be an effective manager if you don’t understand how The MBA students are a smart, opinionated, the world works. curious lot. It’s very refreshing interacting with them. The diversity in languages, cultures and I bring my own research on international backgrounds is the icing on the cake. I learn economics into the classroom frequently – many stories and examples from them, which, in whether in terms of predicting the impact of a turn, makes me a more effective teacher down financial crisis on companies or understanding the road. It’s a two-way process. MBA Programme 2013 17 As a former CEO of a NASDAQ company in the US, I feel really comfortable at INSEAD.

Randel Carlock Professor of Entrepreneurship and Family Enterprise Berghmans Lhoist Chaired Professor of Entrepreneurial Leadership American PhD: University of Minnesota, USA MBA Teaching: Family Business elective course

As a former CEO of a NASDAQ company in I enjoy teaching at INSEAD because it truly is a the US, I feel really comfortable at INSEAD global experience. And I get to lead innovative in our entrepreneurship and family business classes with some of the brightest MBA students department. When I joined the school a decade in the world. I tend to integrate role plays and ago, we had two entrepreneurship courses. excerpts from world cinema into my classes. And now we have 20. What this demonstrates As far as I’m concerned, no other business to me is not only that INSEAD has developed school is as well-positioned to look at global an outstanding reputation for entrepreneurship entrepreneurship and family business research and teaching but also that it’s one of as INSEAD. our core values as an institution – reflected in the creation of our campuses in Singapore and Abu Dhabi. 18 MBA Programme 2013 MBA Programme 2013 19 I’d recommend the school purely on the basis of the finance professors.

Christian Li Class of July 2012 Chinese Before INSEAD: Research Analyst, McKinsey, China Previous degree: Fudan University, China

I came from a technology background and, At university in China, we didn’t have after a few years at work, realised that business discussions in class. Learning is about listening interested me more than coding. That was to lectures rather than interactivity. So it took when I started to think about an MBA. I wanted me a while to catch up with the teaching style. to learn about entrepreneurship and finance People from some other cultures seemed to most and knew that INSEAD was famous for speak up much more readily. But gradually, I the former. But, now that I’ve been here, I’d started to put my hand up more often and now recommend the school purely on the basis of it feels natural. After eight years at work, to the finance professors. They’re amazing – become a student again and learn so much – on all of them! two continents – has been a once-in-a- lifetime experience. 20 MBA Programme 2013 Campus life is busy, busy, busy – but a lot of fun.

Richa Menke Class of July 2012 German/Indian Before INSEAD: Product Manager, Nokia, Germany Previous degree: Rice University, USA

Campus life is busy, busy, busy – but a lot of fun. so obsessed with political correctness. I was The classes, the studying, the group work and on the organising committee of the South Asian the social life all add a different dimension to Week. As well as the usual culinary events and the intensity. Time goes faster, but it’s so sunny “amphi-storming”, we simulated the Indian in Singapore that it feels relaxed at the same Festival of Colours (Holi). We put up a huge tent time. on campus and inside everyone was throwing coloured powder, eating food and dancing arm National Weeks are special. They’re an in arm. It was magical. opportunity to laugh at ourselves and to be open about the stereotypes in each other’s cultures. It is a refreshing break in a world that’s MBA Programme 2013 21 Students with kids have a special bond – even if we go to fewer parties!

Joo-Ok Lee Class of July 2012 Korean Before INSEAD: Programme Specialist in Education, Korean National Commission for UNESCO Previous degree: Seoul National University, Korea

I’m one of those people who like to get involved students with kids. We have a special bond – in everything, just in case I miss out. But there’s even if we go to fewer parties than the others! so much going on at INSEAD that it’s just not INSEAD has been very supportive too – with feasible – especially if you’re a parent like me. family rooms on both campuses. My daughter The experience has taught me to prioritise and (age 1) is having a great time. Since we’ve been extract the most from the activities that I can do. in Fontainebleau she’s become old enough to appreciate her “Future MBA” security badge, I was very involved in the Korean National which she tries to use on campus to open doors. Week and several clubs, especially INDEVOR And opening doors is just what the INSEAD (social impact) and the Consulting Club. But MBA does. I’ve probably been most involved with the other 22 MBA Programme 2013 About 90% of the alumni I contacted said, “Just give me a call”.

Aram Kradjian Class of July 2012 Lebanese/Canadian Before INSEAD: Consultant, Roland Berger, Middle East Previous degree: American University of Beirut, Lebanon

INSEAD has more global reach for careers helped me to discover that I want to work as than any other school. It’s the perfect place for part of a team producing something concrete international companies to find people who can – rather than providing a service. I’m looking work in London, Shanghai or anywhere else in at aerospace and automotive sectors at the the world. All the main MBA recruiters come to moment. The alumni network is amazing! It’s as campus. helpful as Career Services and has provided everything I need: contacts, experts on Regarding my career, consulting would be recruiting and industry-specific information. I a safe environment for me in the future. But I never needed to beg. About 90% of the alumni I want to go back to my original passion, which contacted said, “Just give me a call”. was mechanical engineering. INSEAD has MBA Programme 2013 23 Alumni Network

Fontainebleau

Abu Dhabi

Singapore

MBA Alumni INSEAD Alumni 21,000+ 43,000+

Our alumni live and work in over 160 countries across all continents. The INSEAD Alumni Association (IAA) brings together an active network of 43 national Key : associations. The advice and encouragement that flows Campuses between INSEAD alumni is a very Alumni Networks ( >100 Alumni ) important tool in building business throughout the world. Alumni Networks ( >30 Alumni ) 24 MBA Programme 2013 Our Alumni

My MBA helped me get to where I am now: CEO of Germany’s most global plc

My MBA helped me get to where I am now: CEO of Germany’s most global plc. I’m an engineer by education, so I knew I needed to get a business background. But finance was the big revelation at INSEAD. After graduation it was my new knowledge of finance plus experience in international sales that really made a difference in my path to general management. But what I benefitted from the most was the international approach. INSEAD really opened my eyes to Asia – I was one of the Singapore “pioneers”.

Why did I choose INSEAD? For the social life and the diversity as Ines Kolmsee much as for the academics. I was used to working hard and didn’t Class of July 2001 want to come out hollow-eyed after a year. In the end as much of German the learning came through group work and social activities as in Before INSEAD: Consultant the classroom. And the learning stayed with me ever since. I am, for Current role: CEO, SKW example, often reminded about what Professor Pierre Hillion used to say in finance classes.

Other schools may say they’re international but they all have a dominant culture.

I’d had an Ivy League education and was a lawyer by the time I realised I really wanted to be the client instead. I feel very fortunate to have gone to INSEAD. Studying for a one-year MBA in France was the perfect combination. The courses, teachers, subjects, computer simulations were all fascinating and fulfilling. Most important of all, though, was being in a community where everyone is in a cultural minority. Other schools may say they’re international, but they all have a dominant culture.

Now I’m responsible for a global enterprise. On one of our cruise Adam Goldstein ships alone we can have crew from 70 different countries and guests Class of July 1988 from 100. It’s impossible to say whether I could have become CEO American of such an international company without my MBA from INSEAD, but Before INSEAD: Corporate Lawyer I was definitely better prepared for the role as a result of it. In fact, Current role: President and sometimes it feels like INSEAD all over again. CEO of Royal Caribbean International MBA Programme 2013 25

The entrepreneurial zeal and community spirit were palpable… and they’re still there

Looking back at my career there were many inflection points, but none of the rival walking through the door of INSEAD on the first day. Any expectations I had were left behind in the dust by reality. The entrepreneurial zeal and community spirit were palpable… and they’re still there. Of course, INSEAD – as one of the great start-ups of all time – has evolved and adapted but the energy, the candour, the sense of humour and the lack of sacred cows are in the DNA.

That DNA really helped set the course of my future as an entrepreneur and venture capitalist. I’ve done business in places Loudon Owen like the DRC and Afghanistan, where it takes a generation to figure Class of July 1988 out how things work, but there’s always been an INSEAD contact to Canadian / British speed things up. I don’t think there’s a single step I’ve taken without Before INSEAD: Lawyer & Entrepreneur the benefit of input from a fellow INSEADer. Current position: Managing Partner and Co-founder of McLean Watson Capital Inc.

The learning environment sharpened my ability to look at issues through many different lenses

It was a most intense and exhilarating year… the passionate debate in and outside of the class, often with completely different perspectives from different career experiences and cultural upbringings. The learning environment challenged my thinking and sharpened my ability to look at issues through many different lenses before reaching a conclusion.

INSEAD was also where I developed an understanding of the consumer goods industry – and launched a 20-year career in this sector. It’s a career that has since taken me away from Hong Kong Christina Law to work in different continents. The opportunity to work in Europe Class of December 1991 after graduation had a particularly profound impact on my outlook. Hong Kong Aside from striving for excellence and results, I learnt to embrace Before INSEAD: Manager, Chemicals the importance of work-life balance and to appreciate the joy of Division, Shell, Hong Kong living – values I hope I am passing on to the people I lead and work Current position: Vice President, with today. Neutrogena Worldwide, Johnson & Johnson 26 MBA Programme 2013 Our objective is to create opportunities for women through networking activities and events.

Marta Antunez Ruiz Class of July 2012 Spanish Before INSEAD: Planning Manager for Cadbury, Switzerland Previous degree: Universitat Politecnica Catalunya, Spain

I’m president of INSEAD Women in Business – and INSEAD is one of the better examples. (IWIB), one of the student clubs. Our objective And the percentage of women decreases even is to create opportunities for INSEAD women to further, the higher you rise in the corporate become future leaders and role models. We do world. Things are changing, but slowly. This this through networking activities and events, year IWIB has been working with banks and such as workshops, roundtables, guest lectures consulting companies that are keen to attract and panel discussions. We believe that if we can more women. Employers are starting to help to improve understanding of the issues understand that diverse teams generate better affecting women in business worldwide, we performance. One challenge is to retain women really can help to promote wider participation that want to dedicate time to their families, but at the highest levels of organisations. everyone wants quality time and flexibility at work – men as well as women. We just have to When you start work the gender ratio is 50–50. keep reminding them of that! By the time you start your MBA, it’s down to 32% MBA Programme 2013 27 Typical Day

“A typical day at INSEAD is hard to define because every day is so different”. This is the answer most students and alumni give when asked to describe one day of their INSEAD experience.

Take a look at a schedule of two students to get a sense of what you can expect during a “typical” day.

Period 2 Period 5 Core course: Corporate Finance Policy 08:30 Elective course: Managing Corporate Turnarounds Topic: “Mergers and Acquisitions: an Introduction” Topic: “International Bankruptcy Laws”

Quick coffee break Coffee break and browse through the news of the day

Core course: Managerial Accounting 10:15 Squash match on campus Topic: “Evaluating Profitability of Product, Services, Assets and Customers”

Guest Speaker: General Manager of 12:00 Guest Speaker: Venture Capitalist Asia Pacific Services, GE Healthcare Topic: “Raising Angle Financing” Topic: “Insights into the Latest in the Asian Healthcare Space” 13:30

Lunch at campus cafeteria Lunch at campus cafeteria

Core course: Process and Operations Management 14:00 Elective course: Communication and Leadership Topic: “Diagnosing Business Processes” Topic: “Concept of Timing”

Prepare cover letter for summer internship 16:00 Review job offer with a Sector Advisor from INSEAD Career Services

Meet study group to prepare strategy class case 17:00 Meet Private Equity Finance group to prepare class project

On-campus recruitment event: networking 19:30 Media Club event: “Getting Ready for the opportunities with companies from the financial, Cannes Film Festival” consulting, healthcare and high-tech sectors

Korean National Week dinner at East Coast Park 22:00 Dinner and drinks at Château de Montmelian (Singapore) (student house)

24:00 28 MBA Programme 2013 Career Momentum

The advantage of the INSEAD MBA is that Supporting success it opens doors throughout the entire world. Over 50% of INSEAD students find their first This is why – even in a difficult year like 2011 post-graduation jobs through INSEAD Career – we were able to reach near-record levels Services or the global alumni network. But of employment. An extraordinary 92% of our even if you choose to go it alone (8% of new graduates had a job offer within 3 months graduates set up their own company and 21% of graduation. They are now working at 455 returned to their former employer, for example, companies across 64 countries. in 2011), Career Services will support you with CV workshops, interview preparation and All locations personalised advice. The career destinations of INSEAD graduates mirror the trends in the world economy. At the High salaries moment, we are seeing significant growth in Salaries of new INSEAD graduates reflect the recruitment to the BRIC countries, stability in breadth of their career destinations. In 2011, the Western Europe, lower numbers than last year mean salary was €86,200 and the median sign- heading for Southern Europe and slight growth on bonus was €17,000. Pay, of course, varies by in North America. In addition, 25% of our country and sector. For detailed information students found their first jobs after graduation on salary ranges, you can download the 2011 in Asia Pacific. Employment Statistics brochure from our website. All sectors We are seeing growth in the percentage An ever-increasing diversity of job locations of students finding finance jobs (up from 20% in 2010 to 23% in 2011) and high-tech/ 7% telecommunications. Our graduates’ initial career destinations are fairly evenly split – once again – across consulting (where top 41% recruiters are McKinsey & Company, The Boston Consulting Group and Bain & Company), finance (top recruiters: Standard Chartered Bank, Barclays Capital and Credit Suisse) 25% and the “corporate sectors” (top recruiters: Samsung, Microsoft and Amazon).

Sector split in 2011

Consulting Corporate Sectors Financial Services 5% 5% 1% 39% 38% 23% 7% 9%

All change INSEAD graduates demonstrate an astonishing Countries appetite and capacity for change. In 2011, 82% Western Europe Latin America of new graduates changed their country of work, Southern Europe Central / Eastern Europe sector or job function upon leaving INSEAD. In Northern Europe Asia Pacific fact, an extraordinary 23% changed all three! North America Africa / Near / Middle East MBA Programme 2013 29 You’re constantly evaluating and re-evaluating your career options.

Maria Leoussi Class of July 2012 Greek Before INSEAD: Head of Digital Communication, Solid Communications, Greece Previous degree: UCL, London, UK

From day one you’re constantly evaluating and I became increasingly passionate about and re-evaluating your career options. My this sector. With the help of Career Services, I background wasn’t typical. After studying was given the chance to meet a very dynamic psychology in London, I worked in advertising, company in the field of private education. As first in the UK and then in Greece. By the time of September 2012, my life will change again I was managing a department, I could see that it as I will relocate to Zurich and start my new made sense to do an MBA. career at this company, working in a business development and marketing role. At INSEAD, I had the opportunity to work on a number of projects related to education, 30 MBA Programme 2013 MBA Programme 2013 31 And now I have an internship with Goldman Sachs to look forward to this summer.

Zaya Kadyrova Class of December 2012 Kazakh Before INSEAD: M&A Advisor, PricewaterhouseCoopers, UK Previous degree: Simon Fraser University, Canada

I’d had an MBA at the back of my mind for a Career Services has been a huge help. I wanted few years. I wanted to be exposed to new ideas to do an internship at a top global bank – and and expand my horizons – possibly with a view the process is extremely structured. The people to a career change. The attraction of INSEAD in Career Services know exactly how it works. – apart from the Asian exposure and the They provided special workshops and even an international environment – was the structured investment banking career trek to London to support for soul-searching that it offers. I help us get to know the top banks. And now I particularly wanted to take advantage of the have an internship with Goldman Sachs to look entrepreneurship bootcamps and career treks. forward to this summer! 32 MBA Programme 2013 Applying to the MBA programme

Two intakes a year (September and January) Application pack 500 students approximately per intake Your application form should be submitted online with soft copies of the supporting 300 start in Fontainebleau documentation. The pack includes: a personal 200 start in Singapore profile; a photo; a job description; several essays (five compulsory, one optional); two 8-week summer break or internship letters of recommendation; official transcripts for January entrants of qualifications; language certification; GMAT or GRE scores; a statement of integrity; and an application fee of €200 (waived in exceptional Admissions criteria circumstances for those in great financial need). Forget the myths. The facts are that we evaluate four entry criteria: Application deadlines • Ability to contribute to the INSEAD experience We operate a staged admissions process, with • Academic capacity – evaluated on the three deadlines for each intake. Competition for basis of GMAT or GRE scores, plus previous each of the rounds is relatively equal, but the performance and qualifications earlier you gain admission, the more time you • International motivation have to secure financing and arrange logistics. • Leadership potential and professional experience Deadlines: September 2013 intake (class of July ‘14): Some people have evidence for all this after five or more years of work experience; others after 1st round: 3 October 2012 only two. 2nd round: 5 December 2012 Admissions process It takes up to 12 weeks from the admissions 3rd round: 13 March 2013 deadline to be offered a place. If you are selected for interviews, you can expect to have Deadlines: January 2014 intake two separate interviews with alumni based in (class of December ‘14): the country where you live. Your file will then be presented to the Admissions Committee – a 1st round: 3 April 2013 group which comprises both faculty and alumni – and a final decision will be taken. 2nd round: 12 June 2013 3rd round: 7 August 2013 Once admitted, you become part of the INSEAD community with access to INSEAD MBA Connect, a resource to help you network with your future classmates and prepare you for the full INSEAD experience. MBA Programme 2013 33

Language policy Non-discrimination policy We believe that the ability to communicate INSEAD is committed to the value of diversity in more than one language will give you an as a source of learning and enrichment. In advantage in the global job market. English is keeping with this principle, INSEAD does not the language of instruction. discriminate against any person on the basis • If English is not your mother tongue or the of race, colour, gender, sexual orientation, language in which your university degree was religion, age, national or ethnic origin, political taught, you will need certification. beliefs, marital status, or disability in the • If English is your mother tongue, you will need admission to, treatment in, or employment in its to supply proof of intermediate-level ability in programmes and activities. one other commercially useful language. • By graduation, all students will have to demonstrate basic-level ability in a third language.

The complete language policy document can be found on our website.

Campus selection When you apply, we ask you to indicate your starting campus preference: Europe (Fontainebleau) or Asia (Singapore). We don’t take your choice of campus into account in allocating places. However, if you are admitted, depending on availability, we may ask you to start on the other campus.

Everyone has the opportunity to spend at least one period on the other campus (from period three onwards). However, due to capacity restraints, we cannot guarantee that these will be your preferred period or periods. You may also choose to spend one period at one of our partner schools in the US: Wharton and Kellogg. All exchanges are allocated through a bidding process conducted in period one.

34 MBA Programme 2013 Financing: The Facts

€58,000 €2,000 tuition fee for the classes of 2013 per month estimated living expenses in Fontainebleau / Singapore 196 €2.4M participants per year receive total scholarship funds awarded scholarships per year No. 4 €12,000 Financial Times value for average value of scholarship money rank (higher than any award other top-50 school)

Once you have been offered a place on the MBA programme, you can apply for an INSEAD scholarship. Our goal is that no qualified candidate should walk away from the INSEAD MBA because they cannot afford it.

Scholarships Loans INSEAD scholarships enable us to target Anyone who has accepted a place can also either diversity (gender, geography, career apply for a loan from Prodigy Finance – a background) or excellence (academic or other financing innovation set up by INSEAD alumni strength). Some are awarded on the basis of to meet the needs of MBA students at top financial need. For all scholarships we ask for schools. accurate details of your financial situation. Full details at: www.prodigyfinance.com MBA Programme 2013 35 Meet Us Other INSEAD Programmes

Visit us on campus The MBA is INSEAD’s flagship programme, but We would be delighted to see you at one of our we offer many others, including: regular information sessions and tours, which take place most Friday afternoons from 2.00 pm in Fontainebleau, and most Mondays and Fridays from Executive MBA 2.00 pm in Singapore. It is sometimes possible to Our Global EMBA (GEMBA) is a part-time, modular attend an MBA class straight after the session (from degree programme for more experienced managers, completed over 14, 15 or 17 months, depending on 3.45 pm to 5.15 pm). Please register online for a whether you opt for the Europe, Middle East or Asia campus or class visit. sections. Whichever option you choose, you will need In addition, we have MBA In-House Events to spend time on the other two INSEAD campuses. throughout the year, which enable you to meet We also have a dual-degree EMBA programme run in partnership with China’s prestigious Tsinghua current students and admissions staff, as well as University. attend a masterclass run by a faculty member. Master in Finance Upcoming In-House Dates: More specialized than an MBA or EMBA, our new part-time, modular degree programme runs for the 2012 2013 first time in 2013. Aimed at finance professionals with 21 September 25 January 4 to 6 years’ experience, it consists of 5 modules over 2 November 22 March 20 months. 7 December 19 April Executive Master in Consulting and 7 June Coaching for Change This specialized 18-month, part-time modular degree Alternatively, if you can’t make a scheduled event, programme for general managers, human resources contact us at [email protected] to arrange an professionals and consultants, delves into the individual visit. fundamental drivers of human behaviour and its role in organisational performance. Meet us closer to home Executive Education Throughout the year, we host and attend MBA events We have 40+ open programmes for executives. worldwide. Join us at these events to learn more and Options range from a 3-day course for first- meet faculty and alumni. time managers, through a variety of 1-to-2-week specialized courses, to longer general management Find out more online programmes – such as the Management Acceleration Twitter: Programme (3 weeks) and the Transition to General @INSEADMBATeam Management (4 weeks).

Facebook: PhD www.facebook.com/ Our four-to-five-year doctoral programme is The.INSEAD.MBA.Experience designed to train future business school academics. Blog: It is highly competitive and offers full tuition the-insead-mba-experience. scholarships – plus bursaries for living costs – to all insead.edu successful applicants.

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