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Association of Mbas & Business Graduates Association 2019

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Association of Mbas & Business Graduates Association 2019 Association of MBAs & Business Graduates Association 2019 Annual Report and Financial Statements For the year ended 30 September 2019 Company Number 921702 | Charity number 313412 AMBA & BGA ANNUAL REPORT 2018/19 AMBA & BGA ANNUAL REPORT 2018/19 Members of the International Management Board Contents (also Directors and Trustees) Legal and Legal and administrative information 2 Administrative Fangruo Chen, Appointed 25 May 2019 Information Chair’s report 4 Dean, Antai College of Economics and Management, China Company Number The year in review 5 Josep Bullich Franch, Appointed 21 September Registered in England Dean, ESADE Business School, Spain 2019 and Wales 921702 Schools: AMBA accreditation 8 Saibal Chattopadhyay, Appointed 25 September Charity Number 313412 Schools: Business Graduates Association 10 Dean, Institute of Management, Calcutta, India 2014 Resigned 22 February Principal address and Schools: AMBA Development Network 12 2019 registered office 25 Hosier Lane AMBA membership: highlights 14 Enrique José Bolaños Abaunza, Appointed 20 London EC1A 9LQ President INCAE Business School, Costa Rica and Nicaragua September 2018 www.associationofmbas.com BGA membership: launch highlights 16 Andrew Lock, Appointed 29 April 2014 CEO Corporate: sponsors and partners 18 Emeritus Professor, University of Leeds, UK Andrew Main Wilson Chair of the International Accreditation Advisory Board Corporate: employers and world leaders 19 Company Secretary Appointed 15 June 2017 Events: Business Schools 20 Saba Shaukat, Louise Park MBA, London Business School, UK Resigned 1 February Associate Partner, Capita 2019 Auditors Events: MBA student and graduate members 22 Moore Kingston Smith LLP Devonshire House Events: Awards 24 Appointed 22 February 60 Goswell Road Anju Seth, London EC1M 7AD Infrastructure, website and office refurbishment 26 Director, Indian Institute of Management, Calcutta, India 2019 Peter Moizer, Appointed 8 December Solicitors Marketing: AMBA 27 Osborne Clark Dean, Leeds University Business School, UK 2016 2 Temple Back East Marketing: BGA 28 Temple Quay Tim Randall, Appointed 19 February Bristol BS1 6EG Research and insight 29 MBA, Open University Business School, UK 2015 Service Owner, NATS Aviation & Aerospace Stone King LLP Editorial and thought leadership 30 Chair of the Membership Committee 16 St John’s Lane London EC1M 4BS Public relations 32 Bodo B Schlegelmilch, Appointed 25 September Former Dean of WU Executive Academy, Vienna University of Economics and 2014 Accounts and Financial Statements 33 Principal Banker Business, Austria Appointed Chair 2 NatWest Bank plc February 2018 St James’ Piccadilly Branch Report of the Board of Trustees of AMBA & BGA 34 P.O. Box 2 DG Report of the independent auditors 40 Gary Narunsky, Appointed 15 June 2017 208 Piccadilly CA (SA), MBA, London Business School, UK London W1A 2DG Consolidated statement of financial activities 44 Partner and CFO, Grovepoint Capital Chair of the Finance and Risk Committee Balance sheets 45 Steven Leendert van de Velde, Appointed 6 March 2018 Consolidated statement of cashflows 46 Dean, Rotterdam School of Management, Erasmus University, Netherlands Notes to the financial statements 47 Marianne W Lewis, Appointed 25 June 2018 Dean, Cass Business School, UK Resigned 2 May 2019 2 3 AMBA & BGA ANNUAL REPORT 2018/19 AMBA & BGA ANNUAL REPORT 2018/19 CHAIR’S REPORT THE YEAR IN REVIEW Bodo Schlegelmilch Andrew Main Wilson, The financial year 2018/19 has proven to be another CEO, AMBA & BGA strong year for AMBA & BGA. We successfully launched a new brand, strengthened I am delighted to report that after five the quality of our network, and further internationalised consecutive record years, AMBA and now our management board. Here are a few highlights: BGA has continued to make progress and In January, we launched the Business Graduates innovate, such that 2018/19 was the most Association (BGA). BGA’s vision is to be the leading successful year in our history. global movement for responsible management, positive impact and lifelong learning. In the first nine months, 87 An ambitious strategy Business Schools joined this new movement. We made two key strategic decisions at the The rapid growth of BGA demonstrates that its beginning of the year: three guiding topics are of high relevance for Business 1. The quality and exclusivity of the AMBA- Schools around the world, and that there is a desire accredited Business School network was to benchmark, learn and improve in these areas in the further strengthened by restricting the business education community. To demonstrate our own network to just 300 high-quality Business commitment to fostering responsible management, Schools worldwide. We took this decision encouraging positive impact, and promoting lifelong as a result of feedback from AMBA Schools learning, the Association of MBAs (AMBA) changed its that love the AMBA brand and wanted official name to the Association of MBAs and Business reassurance that we would keep the Graduates Association (AMBA & BGA). This has been network exclusive. the first financial year in which we operated two distinct 2. We launched the Business Graduates brands under the one umbrella of AMBA & BGA. Association in January 2019, with a Throughout the year, successful (re-)accreditation vision to be the leading global brand for visits took place at London Business School, ESADE, Business Schools as well as their students Rotterdam School of Management, and EGADE Business and graduates, championing responsible School, among many others. At the end of the financial countries and met for the first time ahead of AMBA & management, positive impact and lifelong Schools in leading the digital future’ to ‘Thrive in year, AMBA accredited MBA programmes at some BGA’s Latin America Conference 2019, which took place learning. Recruitment has exceeded even your global career and life’. 270 Schools in 75 countries. We remain committed to in Quito, Ecuador, in September. our ambitious aspirations, with almost 100 In addition, we hosted eight AMBA Connect an upper limit of no more than 300 AMBA-accredited As we look ahead to 2020, I would like to express my Business Schools joining as members in member networking events, worldwide, in Aberdeen, Business Schools. However, there will always be an thanks to AMBA & BGA’s networks of Business Schools just nine months. Berlin, Ljubljana, Birmingham, Manchester, Paris, opportunity for high-performing Business Schools to join and their student and graduate members, as well as Quito and Glasgow. the AMBA network, as those Schools that are no longer our corporate partners and sponsors for their truly AMBA-accredited Business Schools Member engagement continued to increase, able to meet our accreditation criteria at the time of their remarkable backing. We are grateful for your support The AMBA-accredited Business School network with AMBA’s Career Development Centre, which re-accreditation lose their accreditation status. across our many different activities, formats grew to 270 Schools in 75 countries and we have offers assessment tools, a CV builder and job I am also happy to report the appointment of the and dimensions. an encouraging waiting list of quality Schools listings. Our new CV 360 tool was received very first Chinese national to the organisation’s International Many thanks also to our Chief Executive, Andrew Main wanting to achieve AMBA accreditation before we positively, with a 92% increase in use, highlighting Management Board: Professor Fangruo Chen, Dean Wilson. He, together with his passionate team, work reach our 300 limit. the importance our members' place in obtaining of Antai College of Economics and Management at around the globe on accreditation, event organisation, the best possible jobs. Shanghai Jiao Tong University. In this financial year, we research, communications and other projects. It is a AMBA student and graduate membership also appointed Professor Anju Seth, Director of the pleasure working with such a dedicated and talented AMBA student and graduate membership Business School events Indian Institute of Management Calcutta, India; and group of people. increased 20% from 38,000 to 45,678 and We hosted eight conferences for Business Professor Josep Franch, Dean of ESADE Business School, Finally, I would like to thank my fellow board has grown almost 1,000% in just five years, Schools, in Europe, Latin America and Oceania Barcelona, Spain. These new appointments add to the members, who donate their time and work tirelessly from 5,000 members in 2014. during 2018/19, attracting our highest-ever International Management Board’s strength, diversity and for the benefit of AMBA & BGA. While the contribution Membership remains free of charge, delegate attendance for our Global Deans and breadth of knowledge in global management education. of every single board member makes a difference to exclusively for students and graduates who Directors Conference in Istanbul and our Latin To further strengthen AMBA & BGA’s regional the organisation, I would like to extend my special have already graduated, or are currently studying America Deans and Directors Conference in expertise, we also formed a Latin American Advisory thanks to Gary Narunsky, for supporting me in his role as an AMBA-accredited Business School programme. Quito, with each conference focusing in particular Council under the leadership of Enrique Bolaños, Vice Chair, as well as to Andrew Lock and Steef van de Members had access to a diverse portfolio on the future of
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