- Founded in 1988

- 27 academic members from 26 countries and 4 continents

- 56 corporate partners

- N°2 in the FT Master’s in Management 3-year ranking

- N°1 programme for combined international criteria (composition of Faculty, students and board, international mobility and international course experience)

- Class of 2008-09: 726 students, 43 nationalities (13 non-European)

- Graduates of 2006-07: 42% now work abroad, 80% were recruited prior to graduation

- 4,500 alumni (55 / 45 male-female ratio, 53 nationalities, 39 % live and work outside their home country)

K E Y FA C T S A N D F I G U R E S

Editorial: looking back whilst planning ahead 2-3

Academic membership goes global 4-5

The CEMS map of the world 6-7

The CEMS MIM: a programme on the up 8-9

Rankings: continued success for the CEMS MIM 10-11

Corporate Partners: news & initiatives 12-15

Students: successes & achievements 16-17

Alumni: the heartbeat of the network 18-19

Communications & Partnerships: raising awareness 20-21

Meetings & outcomes 22

A look back at Bocconi 2007 23

CEMS directory 24+

C O N T E N T S

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2008 has once again proven to be rich in CEMS events and success stories. From the globalisation strategy announced last year down to the grass roots work carried out within each member school, CEMS, the CEMS MIM and the CEMS community continue to make waves on the Management education scene, locally, nationally and internationally.

The Annual Review enables us to take stock of the past 12 months of CEMS activities and achievements. This year being the twentieth of the alliance’s existence, it is more important than ever to see the strides we have made over this time in order to best plan ahead for the next phase in the growth of our community. This promises to be an exciting period in the story of the now global alliance in Management education.

Recognition of excellence

Following another impressive performance in the September Financial Times Master’s in Management rankings, CEMS continues to receive recognition for its visionary status. We see increasing references to CEMS as a “pioneer” and to its students as “a subset” of high-potentials. This, in many ways, encapsula-tes two of the defining qualities of the alliance: the intellectual vision and open-mindedness to look beyond common practice in search of new, best practices whilst retaining a degree of exclusivity and a guarantee of excellence. However, we have reached a stage where offering such a standard on the European scene alone is not enough.

The new educational map

One of the defining decisions in the recent history of CEMS was the launch of a new strategic mission of globalisation, which was made official in May 2007. This was an event of immense symbolic and actual significance for an al-liance that was already strong and continuing to grow. However, not only did it show the acute awareness within CEMS of the ever-evolving map of Manage-ment education but also the ability of the decision-makers to listen to and act upon the opinions and

observations of the many stake-holders.The implementation and concreti-sation of this new strategy means that we can now truly claim to hold a long-term competitive edge in the international Master’s in Management market. The 2008-09 academic year is to be marked by tangible evidence of the new dimension that CEMS is assu-ming, with the ratification of 6 associate members from 4 continents as full members. We are pleased and honoured to welcome them among us, as we are vis-à-vis our existing associate members.

A statement of intent

The new direction in which CEMS is going requires a new message to the outside world. Recognition of our qualities is growing but in order to main-tain and boost our new mission, visibility of the CEMS MIM and the alliance as a whole must be increased. To support this, a new corporate logo and baseline have been devised in order to confirm loudly and clearly who and what we are today.

Without losing its essentially exclusive nature, the now global alliance in Management educa-tion that we represent deserves more attention than it currently receives. Synergy between CEMS

LOOKING BACK WHILST PLANNING AHEAD

Bernard Ramanantsoa Chairman

François CollinExecutive Director

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and the press and CEMS and its academic and corporate mem-bers will go a long way towards achieving this. We hope that the new visual identity and corporate message will help reinforce this determined effort.

20 years of achievement and counting

On 2nd December 1988, Professors Carlo Secchi (Uni-versità Bocconi), Günter Sieben, (University of Cologne), Lluis Pugès (ESADE), and Jean-Paul Larçon (HEC) signed the historic agreement that officially sealed the creation of CEMS. 20 years on, it is perfectly natural to cele-brate the many achievements of the past two decades.

A commemorative film has been produced in celebration of the vision and inspiration of the foun-

This year CEMS has sadly lost two pillars of the community: Professor Marcin K. Nowakowski, Head of Department of International Business at Warsaw School of Economics and former pro-rector of SGH, and former CEMS Chairman Professor Paul Verhaegen of RSM Erasmus University.

Professor Nowakowski was, in the words of his colleagues, “unusually friendly, sensitive and open on others needs. He was an enormous propagator of the CEMS idea, a mentor and a friend of students and faculty members”.

Professor Verhaegen held the position of CEMS Chairman from 2004-06, during which the alliance grew markedly at student and corporate partner level and the seeds of our current globalisation strategy were sown. He was also recognised within his own country as a great contributor at scientific and social levels, especially upon being awarded the “Officier in de Orde van Oranje Nassau”, one of the Netherlands’ very highest honours.

Both individuals will be sorely missed.

Professor Nowakowski

Professor Verhaegen

ders of the alliance as well as the huge effort they have put in over the years.

The 20-year milestone also provides us with added impetus to reflect upon past successes

and apply many of the lessons, skills and best practices acquired along the way. These are exciting times for the CEMS alliance – we can confidently expect it to have assumed yet another dimension in a further 20 years’ time.

Tribute

(l-r) Prof. Lluis Pugès, Prof. Jean-Paul Larçon, Prof. Carlo Secchi and Prof. Günter Sieben at the signing of the CEMS foundation agreement at ESADE, Barcelona.

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Since 2001-02, CEMS has been proud to be able to count non-European schools amongst its associate members: Fundaçao Getulio Vargas in Brazil, Egade Tec de Monterrey in Mexico and The Richard Ivey Business School (University of Western Ontario) in Canada. However, 2008 represents a particularly important milestone, with 6 schools from 4 continents due to be ratified as full members. All are outstanding and recognised leaders in their respective countries for business education, ensuring that the CEMS global project has a very bright future ahead of itself.

This move is the concretisation of a global strategy that has taken on increasingly significant proportions over the past few years. Since the last Annual Review, CEMS has had the honour of welcoming Keio University (Tokyo, Japan) as an associate member, an institu-tion whose 150-year-old history is testimony to their long-standing belief in academic excellence and international collaboration.

Targets have been set for the period up to 2010 and new schools and countries are in the process of

ACADEMIC MEMBERSHIP GOES GLOBAL

being visited as part of a large-scale membership feasibility operation.A warm welcome to our 6 new full members, in facts, figures and quotes.

AustraliaUniversity of Sydneywww.econ.usyd.edu.au

- The University of Sydney was founded in 1850 and the Faculty of Economics and Business in 1920; - Faculty of 273 full-time acade-mic staff and 8,307 students from 100+ countries; - Renowned for diversity and excellence in teaching, learning and research; - Offers Bachelor’s, Master’s and Doctoral programmes in all areas of Business and Economics; - AACSB (Business and Accoun-ting programs) and EQUIS-accredited since 2004 (the first in Australia).

BrazilFundacao Getulio Var-gas-EAESPwww.eaesp.fgvsp.br/

- Founded in 1954; - Faculty of 90 full-time and 42 part-time professors, and an

intake of 70 exchange students per semester from 33 countries; - Renowned as a pioneer in the teaching of Business Administra-tion in Brazil; - Offers majors in Business, Economics and Law, as well as MBA, Master’s and Doctoral programmes; - AACSB, EQUIS and AMBA-accredited since 2000, 2001 and 2004 (the first in Latin America).

MexicoEGADE, Tec de Monterreyhttp://egade.itesm.mx/english/

- Founded in 1943; - Tec de Monterrey comprises 33 campuses across 25 different cities, with an annual enrolment of around 1,400 students and 73 full-time Faculty; - Offers a wide range of MBA, Master’s, Certificate and Doctoral courses, including double degrees with schools around the world; - The Graduate School of Business Administration and Leadership (EGADE) develops executives and entrepreneurs in all strategic areas of business in a global context; - AACSB and EQUIS-accredited.

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“CEMS has the unique characteristic of forming students with a global mindset. We see the new CEMS globalisation strategy as a means to increasing multiculturalism and the internationalisation of students as well as faculty members.”

Maria Tereza Leme Fleury, Dean, Fundação Getulio Vargas-EAESP

- Offers Bachelor’s, Master’s and MBA programmes in Internatio-nal Business, Management and Administration; - An institutional member of AACSB and EFMD.

SingaporeNUS Business Schoolwww.bschool.nus.edu.sg

- Founded in 1965 and regarded as one of Asia’s global business schools; - Offers Bachelor’s, Master’s, MBA and Doctoral programmes; - 125 full-time faculty members and over 2,300 undergraduates, inclusive of students pursuing double degrees, plus over 500 postgraduate students pursuing MBA and Ph.D. research studies; - Over 27,000 Alumni from degree programmes; - AACSB-accredited.

“We are very proud to be part of the CEMS alliance. Faculdade de Economia da Universidade Nova de Lisboa’s entry into this exclusive club is, above all, an international recognition of the quality and prestige of Management education in Portugal, constituting a new proof of our country’s position in the world map of graduate studies in this area of knowledge.”

Prof. José Ferreira Machado, Dean, Faculdade de Economia da Universidade Nova de Lisboa

“We are honoured and delighted that the Faculty ofEconomics and Business at the University of Sydney has been chosen as the Australian member school of the prestigious CEMS. Our engagement with CEMS, together with our accreditation by both AACSB Interna-tional and EQUIS, enhances the international dimension of learning and networking for our talented students and provides those students in CEMS member schools from around the world the opportunity to study and experience life in Australia.”

Prof. Peter Wolnizer, Dean of the Faculty of Economics and Business, University of Sydney

“In the mid-1990s, we adopted a strategy of establishing student exchanges with CEMS member schools, as membership was an indicator of quality. Now that we will be full members of CEMS, we take great pride in joining this elite group. Thank you for accepting us into this family.We look forward to working even more closely with our partners to further our shared mission of providing the highest quality global education possible to our students.”

Prof. Bernard Yeung, Dean, NUS Business School

PortugalFaculdade de Economia da Universidade Nova de Lisboawww.fe.unl.pt

- Founded in 1978; - Renowned as a leader in Portugal in the teaching and re-search of Economics and Business Administration disciplines; - Faculty of 137 professors, from 12 different countries and around 2,000 students per year from 30 countries; - Offers Undergraduate (more than 50% of courses in English), Master’s, MBA and Doctoral programmes (all of them fully in English) and also Executive Courses; - EQUIS and AMBA-accredited (since 2004 and 2005 respectively).

RussiaGraduate School of Management, St. Petersburg State Universitywww.eng.som.pu.ru

- University founded in 1724, GSOM founded in 1993; - 130 professors (30%+ interna-tional) and 1,500 students (25% international); - Renowned as a major Russian centre of science, education and culture;

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F U L L A C A D E M I C M E M B E R S

Australia University of Sydney* USYDAustria Vienna University of Economics & Business Administration WUWBelgium Université catholique de Louvain, Louvain School of Management UCLBrazil Fundaçao Getulio Vargas-EAESP* FGV-EAESPCzech Republic University of Economics, Prague VSEDenmark Copenhagen Business School CBSFinland Helsinki School of Economics HSEFrance HEC, Paris HECGermany University of Cologne UoCHungary Corvinus University of Budapest CORVINUSIreland Michael Smurfit Graduate Business School UCDItaly Università Bocconi UB Mexico EGADE, Tec de Monterrey* EGADENorway Norwegian School of Economics & Business Administration NHHPoland Warsaw School of Economics SGHPortugal Faculdade de Economia da Universidade Nova de Lisboa* NOVARussia Graduate School of Management, St. Petersburg State University* GSOMSingapore National University of Singapore Business School* NUSSpain ESADE Business School ESADESweden Stockholm School of Economics SSE Switzerland University of St. Gallen HSGThe Netherlands Rotterdam School of Management, Erasmus University RSMUnited Kingdom LSE, London School of Economics LSE * = Full academic membership ratified at the 2008 Annual Events

A S S O C I AT E A C A D E M I C M E M B E R S

Canada Richard Ivey School of Business, University of Western Ontario IVEYChina (Beijing) Tsinghua University THUChina (Hong Kong) Chinese University of Hong Kong CUHKJapan Keio University, Tokyo KEIO

C O R P O R AT E PA R T N E R S

A.T.KearneyAdidas AGAstraZeneca PLCBNP ParibasBPCanal+CEMEXCrédit Agricole SA Credit SuisseDeloitte Touche TohmatsuDeutsche BankEADSElcoteq SEEni International Resources Ltd.Fidelity InternationalFortisHaniel GroupHenkelHydro

Indesit Company SPAING GroupJPMorganKoneKPMGL’OréalLVMHMcKinsey & CompanyMOL GroupNestléNokia CorporationNovo NordiskOesterreichische NationalbankOMV Aktiengesellschaft PricewaterhouseCoopersProcter & GambleRandstad HoldingRingier AG Schindler Corporation

ShellSiemens AGSkoda-Auto ASSociété GénéraleStatkraft ASStatoilhydroStora EnsoSwiss ReTélé2The Boston Consulting GroupThomson ReutersUBSUnibail-RodamcoUniCredit GroupVestas Wind Systems A/SWhirlpoolWolseley plcZurich Financial Service

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F U L L A C A D E M I C M E M B E R S

A S S O C I AT E A C A D E M I C M E M B E R SF U L L A C A D E M I C M E M B E R S

(Ontario)

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The CEMS MIM attracts multi-cultural and multilingual students from across the world in search of the skills required to excel as managers in an international environment. Via a dedicated, one-year programme comprising one or two terms spent abroad, an internship, a Block Seminar, Skills Seminars, a Business Project, and Language Tests, graduates emerge with a full set of skills for positions in global management.

Course and intake profile

The Master’s in International Management is the primary gua-rantee of the excellent standards of CEMS as a whole and the education delivered by top-level academics and institutions. The

cosmopolitan nature of the annual intake of students (43 nationalities represented in 2008-09, inclu-ding 13 nationalities from outside of Europe) confirms the global appeal of the programme.Enrolment continues to grow, with the class of 2008-09 comprising 726 students, as opposed to 624 for the preceding year. This upward trend is highlighted by the 56% rise in comparison to 5 years ago.

Curriculum reform

The principal reform carried out over the past 12 months centred on course content. To improve the transparency and clarity of curriculum content, two new core

courses (Strategy and Cross-Cultural Management) were set up. For the 2009-10 academic year, new entrance requirements in English will also be in place. Students will need to meet certain standards (TOEFL, IELTS or CAE scores) to ensure that en-trance standards are as rigorous as exit standards.

This reform will not only have the advantage of offering greater guarantees of student quality, but will also serve to further harmo-nise entry standards.

Faculty groups

The major addition over the past year came in the form of the crea-tion of two new Faculty groups: Tourism and Consumer Behaviour, creating further opportunities for joint professorial teaching projects.

This brings the current total to 12.

THE CEMS MIM:A PROGRAMME

ON THE UP

Incoming class sizes

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The CEMS MIM at VSE

In 2008, it has been decided that the CEMS MIM become a part of a new full-time Master’s in Inter-national Management, starting in 2009/2010 and run by the Faculty of Business Administration. The first year of this programme completes the CEMS MIM and covers all its requirements (ad-missions procedure and criteria, content etc.). The second year is under the responsibility of the Faculty of Business Administra-tion and reflects official Master’s Programme requirements, e.g. mandatory and elective courses, diploma thesis, state exams etc.

LSE re-formats its Master’s in Management

The LSE Department of Ma-nagement has been working on integrating CEMS into its new 2-year pre-experience M.Sc. in Management, in order to create more opportunities for collabora-tion within the alliance.The introduction of the 2-year MiM at LSE in October 2008 will help the LSE expand its involve-ment in CEMS and leadership as a strategic partner dedicated to the global expansion of the alliance.

The LSE MiM degree offers a customised personal develop-ment programme (PDP) to help

students undertake their career search immediately. The PDP includes employer-led skills seminars. The MiM curriculum includes the 2nd year Executive Seminar, which is similar to the CEMS Business Project.

1st CEMS class at Nova

On 3rd October, 2008, Faculdade de Economia da Universidade Nova de Lisboa held a welcome-meeting for the first ever CEMS MIM class in Portugal.

These students are all studying on one of Nova’s three pre-expe-rience Master’s programmes in Economics, Finance or Manage-ment. They were recruited from approximately 100 applicants and the final 40 include an Italian, a German, and 3 British students.

Courses of the year

Markus Venzin (UB) “Corporate Strateg y” and “Strategic Design of the multinational firm”Jiri Hnilica (VSE), “Principles of Managerial Finance”Hannu Seristö (HSE), “Doing Business in the EU”Luis Vives De Prada/Svejenova Nedeva Silviya (ESADE), “International Entrepreneurship”Søren Bo Nielsen/Sven Jungha-gen (CBS), “International Strategic Management” Laurent Jacque (HEC), “International Financial Management “Björn Ambos/Katharina Johanne Raab (WuW), “Global Strategic Management”

The Block Seminar of the Year was attributed to UCL’s “Global Supply Chain Management”.

The first CEMS class at Nova

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CEMS MIM confirmed as the most international programme by the FT

RANKINGS:CONTINUED SUCCESS FOR THE CEMS MIM

It is important to note that, due to programme re-structuring, St. Gallen and Bocconi could not be included in the ranking. They may enter once their new Master’s programmes have been in place for 3 years, meaning they will be eligible to participate in the 2009 edition.

The 2008 edition of the Financial Times pre-experience Master’s in Management ranking once again brought excellent news for the CEMS MIM and CEMS schools in general.

Following consistently high results over 2005-07, the CEMS MIM ap-peared in 3rd place overall. Better still, CEMS features in 2nd place based on the past 3 years of the ranking. Further good news came with 14 CEMS member schools

featuring in the list (including the number one spot) and 8 schools in the top 25.

The CEMS MIM in the top 3 for the 4th year running

The CEMS MIM has been ranked 2nd or 3rd since the inaugural FT Master’s in Management ranking in 2005. This sustained period of success is underlined by the 3-year ranking result of 2nd place.

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A breakdown of this year’s results shows that particular aspects of the CEMS MIM remain amongst the very best, if not the best, in Europe. The ranking comprises a total of 50 Master’s programmes

Breakdown of CEMS in the ranking

The data compiled in order to cal-culate the results is obtained from

“The combination of this year’s ranking result and the sustained success over the previous 3 years shows the esteem in which CEMS, the CEMS MIM and CEMS alumni are held today. This serves as due recognition of our mission, which has suc-ceeded in federating aca-demic and corporate talent from all over Europe and, increasingly, the world”.

François Collin, CEMS Executive Director

To see the full ranking results and report, visitwww.ft.com/businesseducation/masters2008

alumni 3 years after graduation.

The now global mission of CEMS is supported by an overall 1st place finish for combined criteria concerning the international dimension to each programme and the opportunities abroad upon graduation.

CEMS can rightly claim to have the most international faculty, the 2nd highest degree of inter-

national mobility for its alumni, and the 3rd most international population at student and board levels.

The 2008 edition of the ranking was nota-ble for being the first to include schools from outside of Europe.This reinforces the current status of CEMS as an esta-blished leader within Europe and one with increasing potential on the global scene.

Our thanks go to the graduates of 2005 who took part in the survey.

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Over the past 12 months, the number of CEMS Corporate Partners (CPs) has risen to 56, representing a steady 20% growth rate over the past 5 years. The main contacts for each corporate partner now cover 18 countries (UK, France, Germany and Swit-zerland being the best represen-ted), whilst Industry, Banking/Finance and Consulting comprise the main sectors.

Beyond these impressive facts and figures, the time and energy inves-ted in CEMS events, involvement in the sharing and development of management expertise, and the reception reserved for students on internships show the extent to which our partners from the busi-ness world believe in the mission of the alliance.

A look at a selection of the events and initiatives involving our par-tner companies over the past year illustrates the fact that CEMS is well and truly a meeting of academic and corporate minds.

New members

Since the publication of the 2007

Annual Review, we are proud to

announce the following additions to the

already impressive roster of CPs :̀

Upon becoming a CEMS Cor-porate Partner, companies enjoy a privileged point of contact not only with students but also with the member schools and their academics. This involvement in the alliance begins as early as the

CORPORATE PARTNERS:NEWS & INITIATIVES

student selection stage, in which CPs are directly involved. From there, they may begin to participa-te in networking, recruitment and knowledge-sharing activities.

Block Seminars

Indicative of the hands-on role played by many Corporate Partners at an academic level has been the involvement of Shell in recent Block Seminars.

“Corporate Social Responsibility: Strategic and Ethical Perspecti-ves” was the theme at CBS where Richard Dion, Policy and Exter-nal Relations Adviser, shared his experience in a presentation on August 20th.

“Sustainability and Corporate Strategy: Meeting the Energy and Climate Challenges” was the theme taken up by Roland Kupers (Vice-President Global LNG), Jan-Henrik Soll (Strategic Plan-ning Analyst), and Philippe Rose (Commercial Advisor) at HSG on September 2nd, followed by a rotation dinner allowing students and facilitators to continue their discussions.

The Shell facilitators attending the events really enjoyed the “oppor-tunity to engage in depth with the CEMS population” and being “challenged by high-quality stu-

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dents in an interactive setting.”

“I particularly like the company interaction, openness to all kinds of questions and not avoi-ding sensitive topics” commen-ted a student from CBS. HSG students were equally enthusiastic and stressed the “great expertise of the spea-kers” and that “the Shell staff attending was really approa-chable and easy to talk to. They told us their Shell story!”

Pan-European Skills Seminar, Switzerland

CEMS MIM students interested in acquiring concrete negotiation tools and skills were invited to take part in a Nestlé-run skills seminar on April 21st-22nd.

The content of the workshops was geared towards auditing in a multinational working environ-ment and included a visit of the Nespresso factory.

The Nestlé Group Audit team shared its expertise in perfor-mance measurement, realising potential, analytical and strategic insight into the functioning of a corporation, and assessing its environmental impact, all within the context of applying the correct negotiation skills to internal auditing.

Pan-European Skills Seminar, Prague

The University of Economics in Prague hosted its very first Pan-European skills seminar on April 24th-25th. The event was organised by the members of CEMS Club Prague and sponso-red by the CEMS Student Board. The participation of three Cor-porate Partners was indicative of the crucial role they have to play in the academic dimension to CEMS.

Procter&Gamble came up with the “Business Negotiation” workshops, L’Oreal taught the students how to “Launch a new brand” and Pricewaterhouse-Coopers prepared the “Online Case – Challenge of Audit and Tax Advisory”. CEMS Club Prague members, filled with

enthusiasm for CEMS community, believe that such events strengthen networking among students, corporate partners and universities and help to increase the awareness of the CEMS MIM programme.

Louropa cross-border Skills Seminar, Rotterdam

Created in 2006 by member schools UCL- IAG Louvain-La-Neuve, RSM Rotterdam and HEC Paris, the 2008 edition of the seminar was hosted by RSM in April on the theme of “The impact of climate change on busi-nesses: the struggle for sustainable development”. Heavily involved as participants in the two days of networking, case studies and seminars were CEMS Corporate Partners Proctor & Gamble and PricewaterhouseCoopers.

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Attending students seized the opportunity to get to know the companies first hand, meet top representatives and management, and gain insight into the leading theme of the seminar, which was presented in conference format at the end of the event.

CEMS Nordic Forum, Stockholm

In April of this year, a further networking and skills-sharing opportunity for students and Corporate Partners came in the form of the annual Nordic Forum. The three days were filled with skills courses, case seminars, presentations and networking sessions and the event ended with a grand Rotation Dinner in Stockholm city centre. The hosts and sponsors of the event were AT Kearney, Boston Consulting Group, Shell, UBS and Wolseley.

Around 80 students from all the Nordic CEMS schools (CBS, HSE, NHH and SSE) participated in this event and got the opportu-nity not only to network with the corporate partners but also with each other as well as with CEMS alumni who were also present du-ring some of the social events.

The Spring 2009 Nordic Forum will be hosted by NHH.

5th Annual Knowledge Forum, Vienna

Held along the theme of “The attention economy – hijacking the business world?”, the 2008 CEMS Knowledge Forum saw vital contributions from corporate, academic and media representatives. The goal of the CEMS Club Vienna-run event

has always been to bring together business expertise and academic excellence, hence the official banner “Where experience meets innovation”. This year’s works-hops, keynote speeches and panel discussions were no exception.

Corporate Partner support came from Henkel, Oesterreichische Nationalbank, Télé2 and Wolseley, whilst the CEMS Alumni Asso-ciation was well represented by the presence and media coordination of Vice-President Robert Hackl.

L’Oréal Fellowship

The inaugural CEMS research fellowship has the considerable backing of L’Oréal. With this first fellowship, CEMS adds research to its portfolio of activities. By offering the opportunity of a re-search project to a pan-European team of faculty members, CEMS offers additional value to its member universities and CPs.

The project is concen-trated on a study of the “Y Generation”. As a major internatio-nal producer of M.Sc. graduates, CEMS is well placed to become an expert on the va-lues, mindset and cor-porate vision of new graduates and future recruits. The content

of the study is being produced by world-renowned experts Profes-sors Carlos Obeso (ESADE), Odd Nordhaug (NHH), and Wolfgang Mayrhofer (WUW).The findings of the study, the first results of which are due to

be completed by late-2008/early-2009, will be essential for corpora-tions, enabling them to adapt their employer branding, recruitment

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and HR management processes in accordance.

2007 Career Forum

The Career Forum was once again organised so as to coincide with the Annual Events, hosted in 2007 at the Università Bocconi. The scale of the event was reflec-ted in the level of participation, with CP attendance on the rise, as has been the case for the past 4 years.

- 930 students

- 151 alumni

- 304 CP representatives

- 923 pre-scheduled interviews held

- 1,500 global participants attending

Feedback on the event provided the opportunity to analyse the success of the 2007 forum and of the initiative in general. From a communications point of view, participating CEMS students sought more information in advance of their interviews, as well as more feedback in the aftermath.

From the perspective of the participating CPs, the event was deemed a great success, with 95% finding the students interviewed of good-to-excellent quality. In addition, 93% were highly satisfied with the organisation and running of the forum as a whole.

The CPs attending the 2008 edition are as follows :

A.T. Kearney, Adidas Group, AstraZeneca, BNP Paribas Corporate Investment Banking, BP, CANAL+, Credit Agricole Group, Deutsche Bank, EADS, Elcoteq, Eni International Resources Limited, Fidelity International, Haniel Group, Henkel, Indesit Company, ING, J.P. Morgan, Kone, L’Oréal, LVMH, McKinsey & Company, Nestlé, Nokia, Novo Nordisk A/S, Procter & Gamble, Shell, Siemens Mana-gement Consulting, Société Générale, Statkraft, StatoilHydro, Swiss Re, The Boston Consulting Group, Thomson Reuters, UBS, Unibail-Ro-damco, UniCredit Group, Vestas Wind Systems, Wolseley plc, Zurich.

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In addition to their widely-reco-gnised reputation for academic excellence, CEMS MIM students are also active members of and contributors to the community as a whole, including at governance level.

A look at the results of recent surveys and the composition of the latest intake of students also reveals interesting trends that confirm the readiness of CEMS students for an international career and the increasingly diverse nature of the CEMS family in general.

Student Board meeting, September 2008

The Student Board once again convened to focus on the

three main axes of its mission – Content, Awareness and the Network.

The autumn meeting in Valencia comprised bonding events with co-organisers Carbon Challenge (see the “Communications and Partnerships” section of the Annual review for more on this project) followed by discussion of a new concept for the CEMS Humanitarian project with UNICEF.

Also under examination were the CEMS MIM and CEMS Clubs in each member school, analysis of Business Projects and an inventory of the various tools for networ-king and raising awareness of CEMS as a whole. The future of the Career Forum was also raised, followed by the closing session consisting of a Business Case presented by Whirlpool.

Outgoing President

Agata Rundo (Warsaw School of Economics) ended her mandate as President of the Student Board for 2007-08 with her perspective on the CEMS experience, both personally and generally:

“My year was a really great experience. It is even difficult to express how the CEMS time can influence student’s life,

because there are so many aspects of CEMS. It gave me a lot of chances to challenge myself in both professio-nal and academic situations, as well as many opportunities to prove where I am strong and in which areas I still should improve.

“The international dimension of the CEMS Year was one of the main issues I appreciate very much. I spent my Blocked Seminar in Stockholm, Skill Seminars in Warsaw, Prague, Cologne and Paris, term abroad in Prague and my internship in Germany. Now I am going to work abroad.

“I have fantastic friends all around Eu-rope (and beyond!) – a unique network of colleagues ... and you never know who you may meet in the developing CEMS World! It was the best decision to join CEMS, because it enriches life and broadens the horizons tremendously.”

STUDENTS: SUCCESSES AND ACHIEVEMENTS

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“You have my word that I will do everything I can to lead our team to achieve great results. Also, a special word of appreciation towards my prede-cessor Agata, for the work she has been doing so very well up until now, and for dealing with the many questions I will be asking her in the coming months”.

Students per member schoolClass of 2008-09

Most popular sectors of activity

CEMS would like to take the op-portunity to thank Agata for the dedication and commitment she has shown to CEMS in a variety of ways, both in her capacity as Student Board President and as a CEMS student. We wish her and the outgoing Vice-President Abir Puri best of luck for the next stage in their careers.

Incoming President

Jonathan Hostens (Louvain School of Management, Belgium) was recently confirmed as the

new President of the CEMS Student Board, with Char-lotte Povel as Vice-President. Jonathan had the following to say in reaction to the news:

“There are no words to describe the feeling I had when I heard the news of my election as

President of the Student Board. I feel truly honoured to receive your trust and confidence to lead our Student Board team and I would like to thank all of you for that and much more. Your efforts, motivation and great spirit are also greatly appreciated!

Male students – 381 (52.5%)Female students – 345 (47.5%)Nationalities – 43 (13 from outside of Europe)

Graduate survey 2007The annual survey went out to graduates of the CEMS Master’s in International Management from the class of 2007, confirming trends in terms of their choice of profession and sector, as well as the speed with which they are recruited and salary prospects.

International Exposure

42% now live and work outside of their home country (versus 39% for the 2006 survey)Of those living in their home country, 80% have an internatio-nal role (projects, relations, travel)

Average annual salary43,000 euros19% earn over 60,000 euros (versus 14% for the 2006 survey)

400 graduates81% had already been recruited prior to graduation82% now work for a multinational company.

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The CEMS Alumni Association enables CEMS Graduates to continue to enjoy the internatio-nal and multicultural experience that is so dear to the members of the alumni community. Founded in 1993 by CEMS graduates, the Association is a truly international network whose members maintain lasting contact with each other, whilst living and working throughout the world.Individual and collective initiati-ves serve as proof of the attach-ment of alumni to CEMS well beyond graduation.

Outgoing Executive Committee

The mandate of the current CEMS Alumni Association draws to a

close at the 2008 Annual Events. Our thanks go to the Executive Committee comprising: Elke Thamm (President), Robert Hackl (Vice-President), Lukasz Pawlowski (Secretary General), and David Zmrzly (Treasurer).

Their dedication and commitment to the mission of the Alumni Association has enabled the

ALUMNI: THE HEARTBEAT OF THE NETWORK

A word from the Alumni President“Whatever the eventual career trajectory of a CEMS MIM graduate, the CEMS Alumni are there for them. With 19 Local Committees worldwide, the CEMS Alumni Association offers the guarantee that members may still fully benefit from the CEMS network upon graduation. Local, European and international CEMS events both professional and social are organised by active, dedicated alumni to enable CEMS colleagues to stay in touch, meet, network and have fun”.

Elke ThammPresident CEMS Alumni Association, 2006-08

organisation to continue to grow in scope and impact. Their successors will inherit an association that is seeking constantly to improve services for its members, continue promotion of the CEMS MIM and orga-nise events and initiatives that respond to the networking needs of alumni.

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Handikapp Nord – alumni joining forces

Over the past year, CEMS MIM alumnus Yves Neron-Bancel (CBS) embarked on a personal adventure that, through his own determination as well as the support of the alumni network, has come to embody the strengths of the CEMS community and its members.

Yves’ project consisted of a 4600-km crossing of Northern Europe. The challenge was that much stif-fer as Yves is paraplegic and set out on his adventure on a hand-bike. The personal goal was to prove to

Most popular position or department within companies:

Most popular sectors of activity:

(above statistics based upon CEMS alumni database updates over the past 12 months)

himself that obstacles, no matter how seemingly insurmountable, can be overcome.

On a more general scale, Yves hoped that this undertaking will cast new light on the problems young people with physical disabi-lities encounter in the professional world. In addition, the project also involved fund-raising to help finance research activity by the Institute for Brain and Spinal Cord Disorders (www.icm-institute.org).

Visit the Handikapp Nord website: www.handikapp-nord.org

A growing Local Committee network

CEMS Local Committees (LCs) currently total 19, including the European countries represented by full academic members, plus the United States of America. The wheels are currently in motion to see the international dimension to Local Committee activity deve-loping further.

Local committes are responsible for keeping in contact with CEMS alumni and organising professio-nal and social activities. They meet on a regular basis to discuss the activities and deve-lopment of the CEMS Alumni Association, and jointly elect the Executive Committee every two years.

Alumni survey

Follow-up of the career trajectory of CEMS alumni is kept regularly up-to-date via an on-line data-base. The latest figures confirm the increasingly international career trajectory of CEMS MIM graduates.

4,500 alumni (55-45 male-female split)53 nationalities44% live and work outside of their home country (versus 39% two years ago)

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The concretisation of the CEMS globalisation strategy has and will continue to have far-reaching consequences for the alliance as a whole. Communications is one of the areas that is impacted.

The new CEMS logo – a statement of intentFollowing a detailed consultation process within the CEMS commu-nity that began in March, a series of agencies and designers were then invited to devise and present a set of new logo proposals for CEMS in September. Once the choice of design agency had been established, the input of further members of the CEMS community was sought before making a final decision.

The result, unveiled at the 2008 Annual Events in Paris for the very first time, is designed to reflect

the essence of the CEMS mission today as a global community of schools and companies working together to develop a new model of Management education.

This is achieved via the combina-tion of graphic elements intended to symbolise the coming together of the educational and business worlds, as well as notions of friendship beyond borders, par-tnership and dynamic movement.

The visual message is supported by a new baseline that describes the global activity of CEMS today, as opposed to simply spelling out “CEMS”.

The inspiration behind the new baseline came from Professor Jacob Eisenburg (UCD).

The logo was designed by the Paris-based agency Noir sur Blanc.

Press coverage

Whilst CEMS is always keen to retain its exclusivity, visibility outside of the community must continue to be developed.

The continued success in the FT rankings has boosted the profile of the CEMS MIM. The challenge for 2008-09 is to raise awareness of the alliance as a whole to a new level, including outside of Europe.

CEMS featured in the above generalist and specialised press

UNICEF project

The past year has seen CEMS Clubs commit themselves to the Nelson Mandela-run “Schools for Africa” project.

CEMS students have set themselves a 3-year timeframe in which to organise fund-raising activities and a target of $ 200,000. This money will be used to finance the construction of two schools, one in Rwanda and one in Mozambique.

The Rwanda project provides the focus of the initial phase, the aim being for each CEMS Club to raise € 5,000 each.

COMMUNICATIONS AND PARTNERSHIPS: RAISING AWARENESS

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In each CEMS Club, a local “Champion” has been named, who is responsible for organising local activities/events and for involving as many people (CEMS and non-CEMS students) in fund-raising activities.

The fund-rai-sing period commenced in the Spring of 2008. A number of CEMS Clubs have already held several success-ful events, with

many more due in the coming semesters.

Carbon Challenge

CEMS is bringing its academic expertise to a project devised by the Carbon Challenge Academy. The goal of the latter organisation is to offer courses in Sustainable Management to students, global leaders, top managers and their employees in a carbon neutral environment and with the incor-poration of sailing and America’s Cup activities.

This joining of forces was under discussion at the CEMS Student Board meeting in September, at which the launch of the academy was made official.

Frederick Leloup, Director of the

newly-established academy and CEMS alumnus from Louvain, is unequivocal in his view of the role played by CEMS in the project:

“The business pro has to manage facts and produce results that contribute to the development of the community. In that perspective the widely regarded quality of CEMS academics in business education through the CEMS MIM programme is a very important ingredient to the CCA learning concept to allow the top managers to take things into account”.

In return for the educational platform supplied by CEMS, the academy can deliver tailor-made carbon management courses and a summer university for CEMS students, as well as potentially raise the profile of CEMS as a forerunner in carbon management education.

http://www.carbon-challenge.net/

The CEMS Road Show

Launched following discussions at the 2007 Communica-tions & PR Specialists benchmar-king meeting in Paris, the CEMS Road Show has been in full swing over the past 12 months, with no

fewer than 8 road shows staged in member schools.

The concept behind the project is for promotional fairs to be held on a rotational basis, with stands manned by CEMS students, with the aim of raising awareness of fellow CEMS schools and the CEMS MIM itself.

The long-term objective is take promotion of the CEMS alliance internationally.

By kick-starting the initiative with current CEMS schools, the

alliance has become a vehicle for schools to increase awareness of their own programme offer, including the CEMS MIM.

The road show at NHH (Bergen) in September 08

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MEETINGS & DECISIONS

As part of the alliance’s quest to continue evolving and innovating, members of the CEMS communi-ty meet officially capacity throu-ghout the year.

The following bodies formally convened over the year, in addi-tion to the meetings organised as part of the 2007 Annual Events:

Executive Board (Madrid, May) Strategic Board (Vienna, Fe-bruary) Coordinators (Bergen, January and Duisburg, June) Academic Committee (Dublin, April)CP Benchmarking (Paris, May) RDE Committee (Vienna, October) Communications/PR (Bergen, September)

Following is a selection of the issues raised and the concrete actions to have ensued:

- Development of an updated Mission Statement, for finalisation at the November 2008 Strategic Board meeting ;

- Creation of a new Quality Assurance Committee in charge of producing a comprehensive quality assurance system;

- A review of the transition process from Associate Academic member to Full Membership;

- Changes to the CEMS statutes;

- An organisational review of the CEMS Head Office;

- Implementation of a Corporate Partnership task force outlining CP services and the division of

responsibility between Head Of-fice and academic members;

- Organisational changes to the Career Forum, as well as issues surrounding promotion ;

- Design of a new CEMS logo and corporate identity, in line with the new globalisation strategy and in order to raise visibility;

- A collective press relations effort, including identification of the subjects likely to interest local media, country-by-country;

- Continued re-working of the concept and functioning of the CEMS Road Show;

- Mapping of CEMS Club activi-ties, including the involvement of Corporate Partners;

- Review of student-led fund-raising activities, especially the “Schools for Africa” project;

- The addition of Chinese and Japanese to the list of foreign languages accepted in order to meet the CEMS MIM language requirements;

- Development of a CEMS barometer, designed to produce knowledge and raise visibility based on yearly in-depth surveys of the CEMS student and alumni population. This has given rise to the CEMS-L’Oréal Fellowship.

Coordinators meeting, Duisburg (June 08)

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The Annual Events represent the highlight in the CEMS calendar, providing a rare moment when all members of the alliance can gather in one single place.

The Università Bocconi-hosted Annual Events of 28th November-1st December once again emphasised the “Community” in CEMS.

A LOOK BACK ATBOCCONI 2007

Key figures

Over 2,200 academics, corporate partners, students and alumni;

Two new academic members (Keio University and Faculdade de

Economia da Universidade Nova de Lisboa) and five new CPs

(Adidas, A.T. Kearney, Boston Consulting Group, McKinsey &

Company, and Statkraft);

Career Forum attended by 42 CPs and including 904 student

interviews;

381 students graduated from the class of 2006-07, bringing the

total of CEMS MIM alumni to 4,500.