Ibmec São Paulo in numbers Rua Quatá, 300 - Vila Olímpia São Paulo - SP - Brazil 04546-042 Total revenue - 2004 to 2007 Financial indicators (thousand reais) 2004 2005 2006 2007 Annual Report (thousand reais)* Tel 55 11 4504-2400 Gross revenue 38,131 47,828 62,601 69,382 www.ibmecsp.edu.br 69,382 62,601 [email protected] Direct expenses 18,360 21,259 24,625 25,952 47,828 Operational margin 16,163 21,945 31,988 36,992 38,131 Indirect expenses 5,763 7,594 10,580 11,508 General and institutional expenses 5,834 9,669 13,374 15,095 Administrative surplus 4,896 7,666 11,099 14,452 Cash position 5,328 12,305 17,656 32,216 2004 2005 2006 2007 (end of period) Scholarship fund (3) 2,138 2,178 2,260 (end of period) Investiments - Total 1,115 10,768 15,028 4,229 Donations - Scholarship fund - 2,089 314 140 2007 Donations - Other - 8,725 1,740 - Revenues in 2007 Donations - Total - 10,814 2,054 140 (*) Administrative View, not considering accounting adjustments New group of accounts, adopted in 2006 Monitoring of goals - 2007 47% | Executive Graduate Programs Description Goal Accomplished % Variation 35% | Undergraduate Managerial surplus (R$ 000) 9,700 10,272 5.89 13% | Executive Education Managerial surplus / Total revenues (%) 14.5 14.8 2.10 3% | Professional Masters 2% | Distance Learning New students in graduate programs 1,220 1,268 3.93 Ibmec São Paulo in numbers Rua Quatá, 300 - Vila Olímpia São Paulo - SP - Brazil 04546-042 Total revenue - 2004 to 2007 Financial indicators (thousand reais) 2004 2005 2006 2007 Annual Report (thousand reais)* Tel 55 11 4504-2400 Gross revenue 38,131 47,828 62,601 69,382 www.ibmecsp.edu.br 69,382 62,601 [email protected] Direct expenses 18,360 21,259 24,625 25,952 47,828 Operational margin 16,163 21,945 31,988 36,992 38,131 Indirect expenses 5,763 7,594 10,580 11,508 General and institutional expenses 5,834 9,669 13,374 15,095 Administrative surplus 4,896 7,666 11,099 14,452 Cash position 5,328 12,305 17,656 32,216 2004 2005 2006 2007 (end of period) Scholarship fund (3) 2,138 2,178 2,260 (end of period) Investiments - Total 1,115 10,768 15,028 4,229 Donations - Scholarship fund - 2,089 314 140 2007 Donations - Other - 8,725 1,740 - Revenues in 2007 Donations - Total - 10,814 2,054 140 (*) Administrative View, not considering accounting adjustments New group of accounts, adopted in 2006 Monitoring of goals - 2007 47% | Executive Graduate Programs Description Goal Accomplished % Variation 35% | Undergraduate Managerial surplus (R$ 000) 9,700 10,272 5.89 13% | Executive Education Managerial surplus / Total revenues (%) 14.5 14.8 2.10 3% | Professional Masters 2% | Distance Learning New students in graduate programs 1,220 1,268 3.93 IBMEC SÃO PAULO IN NUMBErs Scholarship award in 2007 Scholarship fund 2004 2005 2006 2007 Executive Graduate Programs by type of program Starting balance (–) Scholarship awarded (28) (3) 2,162 2,550 Number of applicants, admissions and enrollments by admission process Scholarship awarded (85) (223) (501) (943) LLM Certificates EMBA Total Refund 16 49 45 12 2006 2007 Variation 2006 2007 Variation 2006 2007 Variation 2006 2007 Variation Investments 95 2,338 844 641 Applicants 466 499 7% 1,182 1,403 19% 1,532 1,586 4% 3,180 3,488 10% Ending balance (remunerated) (3) 2,162 2,550 2,260 Applicants 188 208 11% 657 704 7% 577 661 15% 1,422 1,573 11% Accepted Percentage Scholarship Program - 40% 42% 4% 56% 50% -10% 38% 42% 10% 45% 45% 0% 38% | 1st year students 2004 2005 2006 2007 Accepted Scholarship Awarded 26% | 2nd academic semester 20% | Financial aid Scholarship students 17 27 49 70 Students Enrolled 157 163 4% 532 623 17% 477 482 1% 1,166 1,268 9% 16% | Full-time Yield 84% 78% 36% 81% 88% 239% 83% 73% 7% 82% 81% 82% (Enrolled/Accepted) Annual Report Number of students Professional Masters 3,505 Number of applicants, admissions and enrollments by admission process 3,031 Professional Masters in Professional Masters in Economics 2,418 Businnes Administration 2,187 2,109 2006 2007 Variation 2006 2007 Variation 1,493 1,330 Applicants 101 158 56% - 26 - 965 Applicants Accepted 61 63 3% - 11 - 727 751 796 830 Percentage Accepted 60% 40% - - 42% - 15 61 92 122 Students Enrolled 48 50 4% - 11 - 2004 2005 2006 2007 Yield (Enrolled/Accepted) 79% 79% - - 100% - Undergraduate Graduação Professional Pós Stricto Pós ExecutiveLato Total Graduate Total 2007 Masters Programs Executive Education - Custom Programs Highlights 2004 2005 2006 2007 Team 2004 2005 2006 2007 Number of clients 32 49 49 31 Research professors 15 18 22 22 Programs delivered 43 106 113 78 Full-time professors 49 47 41 37 Number of students served 1,307 1,566 2,659 2,112 Teaching assistants - 27 18 28 Class hours 3,925 4,545 7,291 5,815 Educational professionals 131 114 191 158 Programs delivered by sector 2004 2005 2006 2007 Total teaching activities 195 206 272 245 Financial 26% 27% 41% 35 Staff 115 142 160 162 Services 53% 44% 38% 42 Total teaching and 310 348 432 407 administrative activities Industry 21% 29% 21% 23 IBMEC SÃO PAULO IN NUMBErs Scholarship award in 2007 Scholarship fund 2004 2005 2006 2007 Executive Graduate Programs by type of program Starting balance (–) Scholarship awarded (28) (3) 2,162 2,550 Number of applicants, admissions and enrollments by admission process Scholarship awarded (85) (223) (501) (943) LLM Certificates EMBA Total Refund 16 49 45 12 2006 2007 Variation 2006 2007 Variation 2006 2007 Variation 2006 2007 Variation Investments 95 2,338 844 641 Applicants 466 499 7% 1,182 1,403 19% 1,532 1,586 4% 3,180 3,488 10% Ending balance (remunerated) (3) 2,162 2,550 2,260 Applicants 188 208 11% 657 704 7% 577 661 15% 1,422 1,573 11% Accepted Percentage Scholarship Program - 40% 42% 4% 56% 50% -10% 38% 42% 10% 45% 45% 0% 38% | 1st year students 2004 2005 2006 2007 Accepted Scholarship Awarded 26% | 2nd academic semester 20% | Financial aid Scholarship students 17 27 49 70 Students Enrolled 157 163 4% 532 623 17% 477 482 1% 1,166 1,268 9% 16% | Full-time Yield 84% 78% 36% 81% 88% 239% 83% 73% 7% 82% 81% 82% (Enrolled/Accepted) Annual Report Number of students Professional Masters 3,505 Number of applicants, admissions and enrollments by admission process 3,031 Professional Masters in Professional Masters in Economics 2,418 Businnes Administration 2,187 2,109 2006 2007 Variation 2006 2007 Variation 1,493 1,330 Applicants 101 158 56% - 26 - 965 Applicants Accepted 61 63 3% - 11 - 727 751 796 830 Percentage Accepted 60% 40% - - 42% - 15 61 92 122 Students Enrolled 48 50 4% - 11 - 2004 2005 2006 2007 Yield (Enrolled/Accepted) 79% 79% - - 100% - Undergraduate Graduação Professional Pós Stricto Pós ExecutiveLato Total Graduate Total 2007 Masters Programs Executive Education - Custom Programs Highlights 2004 2005 2006 2007 Team 2004 2005 2006 2007 Number of clients 32 49 49 31 Research professors 15 18 22 22 Programs delivered 43 106 113 78 Full-time professors 49 47 41 37 Number of students served 1,307 1,566 2,659 2,112 Teaching assistants - 27 18 28 Class hours 3,925 4,545 7,291 5,815 Educational professionals 131 114 191 158 Programs delivered by sector 2004 2005 2006 2007 Total teaching activities 195 206 272 245 Financial 26% 27% 41% 35 Staff 115 142 160 162 Services 53% 44% 38% 42 Total teaching and 310 348 432 407 administrative activities Industry 21% 29% 21% 23 Summary 2 | Message from the President 30 | Financial results 30 | Principal indicators 4 | Friends of Ibmec São Paulo and donors 31 | Summarized balance sheet 32 | Income statement 5 | Sponsored facilities 33 | Report of the independent auditors 6 | Ibmec São Paulo 34 | Research faculty 6 | Instituto Veris – Board of Trustees 34 | Position and activity 6 | Instituto Veris – Board of Directors 6 | Instituto Veris – Senior Executives and areas of activity 7 | Programs 36 | Academic and Administrative Staff 8 | 2007 Highlights 38 | Publications 8 | Vision, Mission, Values and Fundamental Principles 38 | Papers published in international 10 | Board of Directors scientific journals 11 | Building for the future 39 | Papers published in Brazilian 13 | International associations scientific journals 15 | Awards and recognition 40 | Books 16 | Internal awards 40 | Book chapters 17 | Accreditation 40 | Complete works in conference proceedings 19 | Teaching and Learning Dynamics 43 | Abstracts in conference proceedings Research Center (DEA) 20 | Academic scholarship programs 23 | Ibmec Carreiras (Careers Services) 26 | Ibmec São Paulo Community Annual Report 2007 1 Message from the President The year 2007 was exceptionally busy and profitable for entrance examination attracted a record number of Ibmec São Paulo, a year in which we recorded a series applicants, with 15 candidates for each opening in the of major achievements, reaping the benefits of past Business Administration program and 12 candidates for investments and also laying the groundwork for an even each opening in the Economics program, and the same better performance in the future. could be said for our corporate programs. All of these achievements constitute an important objective measure The list of our accomplishments is a long one. We did of our success in 2007. exceptionally well in the ENADE university assessment tests, achieving excellent positions in the rankings for both Less visible but not less important, were various initiatives the undergraduate and graduate lato sensu programs, in the academic and support areas.