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THE EXECUTIVE MBA PROGRAM Chicago London Singapore


TABLE OF CONTENTS

Introduction Mind

2 6

Network

16

Impact

26

The Facts

36

Program Format

39

Class Profile

41

Curriculum

44

Course Descriptions

45

Concentrations

47

Faculty

48

Research Centers

52

Career Services

53

Chicago Booth Network

54

Alumni Leaders

56

A Global Business Force

58

Engage and Apply

60

MORE T BUSINE A BUSIN


HAN A SS SCHOOL. ESS FORCE.


ADVANCE YOUR KNOWLEDGE. TRANSFORM YOUR IMPACT. BECOME A BUSINESS FORCE.

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Welcome to Chicago Booth. Unparalleled intellectual curiosity, honesty, exchange, and rigor. Ideas that fundamentally shape markets and business. People who create lasting value. At Chicago Booth, you get more than a world-class education from the premier business school that pioneered executive education. You become part of a global business force. Chicago Booth is recognized for our far-reaching contributions to business practice and our proven Chicago Approach to management education. A mastery of the business fundamentals. A culture of deep questioning and healthy debate. A belief that every answer is provisional at best and a constant drive to find the next, better solution. It’s this environment that results in our faculty’s Nobel Prize– winning research and the exceptional brand of leadership our alumni bring to the marketplace—one marked by an ability to think through unique problems and the confidence to act decisively. Whether you come here looking to advance in your current field or prepare for new directions, you’ll leave with new abilities. You’ll rethink what you thought you knew and see things from a multitude of new perspectives. Engage with faculty who are advancing business theory and practice. Emerge with rock-solid analytics and expert decision making. A global network of friends and colleagues. Preparation for all possibilities. And a new way of interpreting the world. In short, a transformation—of how you think, your personal and professional network, and the impact you’ll have.

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TRANSFORM YOUR

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MIND You’ve seen a lot in your career. But no one has seen it all. What do you do when faced with a completely new business challenge, and what you know just isn’t enough? Our learning environment is based on one essential fact: There are neither enough formulas nor business cases to span the range of decisions you’ll face in your career. At Chicago Booth, you’ll learn to evaluate problems and opportunities through the fundamental disciplines that underlie all of business: economics, psychology, sociology, and statistics. We teach you how to think, not what to think, so that whatever you don’t know—whatever new business challenge tomorrow brings—you’ll have the solid foundation and analytic skills to tackle it. Your brilliant faculty and classmates will help you get there. We believe the best solutions bear many fingerprints, so our learning environment is

collaborative and without hierarchy. Professors spur dialogue, encourage differences of opinion, debate ideas—and expect their students to do the same. Exhilarating engagement, evidence-based analysis, and dynamic teamwork make the Booth experience unique among its peers. Best of all, no matter which campus you attend, the Executive MBA Program is “pure Chicago.” Each campus has the same curriculum, and one Chicago Booth faculty teaches all our programs—full time, part time, worldwide—through the same distinctive approach. The Chicago Approach.

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MIND NETWORK IMPACT

Jessie Loong Executive MBA Asia I’ve always wanted to pursue an MBA. Growing up, I really liked economics, the way it blends art and science, and thought it would be a dream come true to study it at the University of Chicago. It’s lived up to my expectations. My classes have been mind blowing. Even if people in the class have prior experience in the subjects, the professors deliver the material unlike anywhere else. I attribute it to their teaching ability, their knowledge of the subjects, and the fact that they’re active business academics. It’s a stellar group of professors. The classes are highly rigorous, that’s for sure, but super interesting. The material is well organized, going from simple building blocks to pretty sophisticated stuff in a short time.

It’s like being in a sports car, going from zero to sixty. It’s a very exhilarating ride. We have a lot of group work, and we learn a lot from each other. For example, a group member in my investments class is a bond trader, so she gives us the practitioner’s point of view. She even used her contacts to arrange a session for us at Bloomberg. Things like that bring the material to life. The format of the program helps you retain the material. During class sessions, we have daily assignments, and the exams help us to nail down the concepts. If the course were over at the end of the week, you might walk out and forget what you heard. But because we will have an exam the following session, we think about the concepts more between sessions and filter them through our work.

When I return to work from a class session, I see things in a different way. It’s almost like having superpowers—I hear a bit more keenly, see details that I might have previously missed. I have a better understanding of the world. I see a bigger picture. I feel enlightened.

LEARN MORE

Chicago Booth is the second-oldest business school in the world and the first to offer an executive MBA program. Learn more about the program’s distinguished history at ChicagoBooth.edu/xphistory.

We are the first business school to have a Nobel Prize winner on its faculty. We’ve had six in all, and two currently teach. Learn more at ChicagoBooth.edu/faculty.

The Executive MBA curriculum is consistent across campuses, but the format varies slightly. Learn more at ChicagoBooth.edu/execmba/format.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles 8


ABOUT JESSIE

Employment: Otis Elevator Company Title: Director, Legal Affairs, South Asia Pacific and Gulf Area Residence: Singapore Citizenship: Singapore

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ABOUT CONSTANTINOS

Employment: Alexander Forbes Financial Services Title: Executive Head Residence: Johannesburg, South Africa Citizenship: South Africa

LEARN MORE

Our curriculum digs deep into business theory while relating it to market realities, so regardless of your background, you’re sure to advance your knowledge and gain new perspectives on your work. Learn more at ChicagoBooth.edu/execmba/academics.

Our core curriculum emphasizes business fundamentals and managerial leadership. Students also choose two electives. Explore the curriculum at ChicagoBooth.edu/ execmba/curriculum.

Students may opt to earn a concentration in finance, marketing, or strategy. Learn more at ChicagoBooth.edu/ execmba/concentrations.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles

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MIND NETWORK IMPACT

Constantinos Economou Executive MBA Europe Given all my education and work experience prior to Chicago Booth, I wasn’t sure I’d be learning a whole lot academically, but I’m really surprised at the amount of knowledge that I’ve gained here. There was never a theoretical, rigorous structure to my work experience. You just don’t think about those finer details on your own. Had I done that, I certainly would have been a better business leader. Now, the extent to which I’m tapping into the knowledge and tools I’ve picked up at Booth is unbelievable. These are things that I honestly did not expect to see.

As you grow through this program, you draw on the skill sets and tools that you were exposed to in the preceding months without even realizing it. For me, that has been a tremendous and very pleasant experience. You walk into the class, you discuss a theory. You walk out, and how you begin to think about addressing a particular problem or scenario is almost intuitive. The professors are fantastic. They have a great way of engaging you. Prior to my first week, I thought, “How am I going to stay focused for three-and-a-half-hour lectures?” But it’s like a great movie that you go into, and you just don’t know where the time goes. You’re being taught not only by the professors, but also by the 85 or so folks sitting around you. The classroom dynamic and culture are so engaging, there’s no doubt that people are here to learn.

Chicago Booth has certainly invigorated my enthusiasm, broadened my outlook, and strengthened my approach to doing business.

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MIND NETWORK IMPACT

Joel Gay Executive MBA North America Chicago Booth has provided economic and finance thought leadership for decades. I am something of a fan. I have been an efficient-market-theory enthusiast since high school, when I began studying the work of Eugene Fama, MBA ’64, PhD ’64, and, before him, Harry Markowitz, PhB ’47, AM ’50, PhD ’55 (economics). I wanted to formalize a lot of the theories I’ve been studying for many, many years. Anyone can pick up a book or go online and print one of Fama’s or John Cochrane’s papers, but to actually go through a program that teaches the constructs of those theories is pretty exciting. I was attracted by the faculty and wanted to become part of the Chicago tradition. For me, Chicago Booth was really the only choice. The professors’ depth of knowledge is incredible. My skill set has definitely been sharpened. Any subject that requires a high level of analytic rigor is where Chicago Booth excels. I think I’m going to be a much sharper and stronger executive when I’m done.

I often solicit the opinion of faculty outside of class, and I have had active dialogues with just about every one of them on subjects from macro to micro to securitization theory. LEARN MORE

Professor Gibbs has fielded numerous questions. Professor Soffer and I just had a robust dialogue that lasted about a week on equity risk premiums and how to derive them. Professor Altig and I have had phenomenal conversations about securitization theory. For me, that has been a defining attribute of the program. The educational experience is bolstered by having a multinational cohort and three different campuses. If you’re looking to network internationally or get a varying perspective on fixed income markets in Bangladesh, you can tap into that. I think there is a certain type of student who’s attracted to Chicago irrespective of his or her location.

I never entertained the possibility of studying elsewhere. Chicago Booth is the rare example where the discourse of academic theory materially impacts, if not dictates, reality. The faculty, cohort, and facilities are all world class. I love this place.

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Chicago Booth faculty are known for producing research and ideas that advance business theory and shape its practice. Learn more at ChicagoBooth.edu/faculty.

Executive MBA faculty come from the same distinguished faculty as our Full-Time, Evening, and Weekend MBA programs. Learn more at ChicagoBooth.edu/execmba/faculty.

Read about some of Chicago Booth’s latest faculty research in such publications as Capital Ideas (ChicagoBooth.edu/capideas) and Chicago Booth Magazine (ChicagoBooth.edu/magazine).

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles


ABOUT JOEL

Employment: Insituform Technologies Title: Chief Financial Officer, North America Residence: St. Louis, Missouri Citizenship: United States

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MIND NETWORK IMPACT

“All the professors I encountered were surprisingly accessible. Faculty were always readily available to answer questions and really liked to hear about our experiences at work.” Kathy Fieweger, ’06 (North America) Vice President of Midwest Operations, FD Inc.

Kathy Fieweger

“The Chicago Booth learning experience deconstructs and reconstructs your thinking. This does get uncomfortable at times. But at the end of it all, the fog of information that normally bombards you on a day-to-day basis suddenly starts to make sense. These ‘aha’ moments are priceless.” Zubaria Lone, ’09 (Europe) Director, SMS3 Catherine Nathan

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“The professors have a tremendous amount of real-world experience that they bring into the classroom. It’s especially interesting during the financial crisis to hear their observations and perspectives. It helps make what we’re learning about practical.” Shinwoo Lee, current student (Asia) General Manager, Shochiku

“Chicago Booth is very different in that the focus is on the thinking process—not so much on the right answer, but on how you got there. There’s a lot of emphasis on being able to ask the right questions. It’s helped me a lot in my leadership role in my company.” Catherine Nathan, ’08 (Asia) Head of Channels, Fullerton Financial Holdings Pte. Ltd.

“Chicago Booth is not like other schools that run programs on other campuses, with faculty other than their own. With the Executive MBA Program, it’s Chicago professors who fly to London and Singapore to teach.” Mark Hoyt, ’00 (Europe) Vice President of International Finance, CareerBuilder LLC

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MIND NETWORK IMPACT

Anthony Siwawa Executive MBA Asia One of the key points that attracted me to this program was the chance to study in Singapore. The Asia market had become quite important for my firm in terms of institutional private equity investors, and I knew that we needed to expand our network there for our future growth. Each week that I’m in Singapore, I get to meet up with people, go out to dinner, talk, and just engage. The campus has a family atmosphere, where everyone calls you by name, giving people like me who travel a sense of comfort.

The program itself has been brilliant, but over and above the learning, what I’ve gotten from my classmates is incredible. I’ve learned a lot about new cultures and countries directly from people who live there. I’ve established some great contacts, and the connection is more than strictly professional. Recently, I was invited to a Chinese wedding for one of my classmates. I’ve had classmates visit me to look at entrepreneurial opportunities, and I’ve been able to explore opportunities where they work or live. I feel quite certain that by the time we complete the program, we will have at least one business opportunity off the ground. From talking with alumni at events, I have a better idea of what to expect after finishing the program. I didn’t realize how many Chicago MBAs are now based in Johannesburg, South Africa. They have been great in sharing their experiences and what they have gained from the program.

The network even extends beyond alumni and my current classmates. Chicago Booth is a great networking platform to work from.

LEARN MORE

Get specifics about the Executive MBA Program Asia, including a class snapshot, events and activities, and a typical day’s schedule, at ChicagoBooth.edu/ execmba/singapore.

Experience a photo tour of the Singapore campus at ChicagoBooth.edu/phototour/singapore.

Chicago Booth has rich entrepreneurship offerings through our Polsky Center for Entrepreneurship. Learn more at ChicagoBooth.edu/entrepreneurship.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles

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ABOUT ANTHONY

Employment: Venture Partners Botswana Title: Managing Partner Residence: Gaborone, Botswana Citizenship: Botswana

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LEARN MORE

Get specifics about the Executive MBA Program Europe, including a class snapshot, events and activities, and a typical day’s schedule, at ChicagoBooth.edu/execmba/london.

Experience a photo tour of the London campus at ChicagoBooth.edu/phototour/london.

Explore the Executive MBA Program community at ChicagoBooth.edu/execmba/community.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles

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MIND NETWORK IMPACT

Vahé Torossian Executive MBA Europe One of the best things about this program is the diversity of nationalities. You can really feel the international dynamic, and thinking about the opportunities that come from bringing people and companies together from across the globe is amazing. I’ve met people doing a wide range of things, from finance in Tanzania to running a power plant in Krakow, Poland. They come from different industries and have different responsibilities, which helps open my eyes to new opportunities and ways of solving problems. My colleagues at work have noticed the difference in my approach. I’ve learned to ask questions that go to the core of the issue at hand. It helps clarify the situation and allows everybody to reflect on the best solution. I feel like I’m transferring those skills to my coworkers, which will be a great asset to our firm in the future. ABOUT VAHÉ

Employment: Microsoft Title: President, Central and Eastern Europe; Vice President, Microsoft International Residence: Paris, France Citizenship: France

A big goal for me in the program is to examine ways that I can help others improve, whether they’re work colleagues or classmates. Just the other day I had a meeting at Microsoft International and felt confident in recommending a fellow student for a position. Because I knew him personally, there was no risk in suggesting him for the job. The experience of studying with people for almost two years breaks down any kind of superficial relationship. We share a genuine concern for each other’s problems and challenges. Our sense of teamwork goes beyond our class work—we give each other professional advice and also meet for fun. There are social events at least once or twice a week.

The power of the Chicago Booth network comes from its combination of size, quality, and trust. Besides looking for potential employees, I know that I can talk to a Booth MBA if I want good advice about anything.

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MIND NETWORK IMPACT

Jamie Denz Executive MBA North America My firm has customers and employees all over the world. I felt I could provide more value by having a broader exposure to different cultural and professional backgrounds. Chicago Booth gives me the opportunity for exposure to ideas from different people in different companies—from all parts of the globe. After class on Saturdays, my classmates and I typically dine at an ethnic restaurant, and we always have a classmate from that region who orders for us. One night we realized we represented five different continents—the others were from Belgium, Nigeria, India, and Brazil. We talk about politics or culture or how we were educated—we have these rich dialogues.

It’s affected how I interact with other people in the business setting, because I’m much more aware of those subtle cultural nuances and the diversity of perspectives. We often connect outside of class for business and networking. I’ve become really close friends with a number of people in the group, including a pediatric oncologist at Eli Lilly who understands the science side of the health care business. It is a very open environment where we can share each other’s perspectives. I am definitely a changed person since I started the program because I have all of these resources at my fingertips. I’ve connected with the larger Booth community, like at Alumni Celebration. The Chicago Booth naming had just been announced, and when David Booth, ’71, spoke, I felt chills, thinking, “This is monumental.” This man took his experiences from the program and applied them not only to do very well for himself, but also to give back so that others can have an enriching experience.

It was also terrific to hear the Distinguished Alumni Award winners speak. They all mentioned how they still reach back to their experience at Chicago and see how it helped make them who they are today. It’s exciting to know that I’m on the same journey.

LEARN MORE

Get specifics about the Executive MBA Program North America, including a class snapshot, events and activities, and a typical day’s schedule, at ChicagoBooth.edu/ execmba/chicago.

Experience a photo tour of the downtown Chicago campus, Gleacher Center, at ChicagoBooth.edu/ phototour/gleacher.

Executive MBA students join our alumni network from the moment they’re admitted. Learn more about our community at ChicagoBooth.edu/ execmba/network.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles

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ABOUT JAMIE

Employment: Baxter International Title: Assistant Corporate Controller/Vice President of Finance Residence: Green Oaks, Illinois Citizenship: United States

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MIND NETWORK IMPACT

“The relationships I’ve built with other students are my favorite part of the experience. What I really like is that we are truly an international team, with students who are French, German, Russian—you get really close despite the cultural differences.” Carmen Rey, current student (Europe) Head of Management Information Services, Barclays

“After completing the program, I had a whole new database of names. There are a huge number of alumni who have achieved a lot, and it makes me proud to be part of Chicago. There is a real bond when we meet. We go out of our way to help each other.” Chris Fossick, ’03 (Asia) International Director, Singapore and SE Asia, Jones Lang LaSalle

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“Chicago Booth has given me the ability to work internationally. Before, all I had were my qualifications. Now I have a network, a support structure, and access that’s allowing me to globalize my career.” Constantinos Economou, current student (Europe) Executive Head, Alexander Forbes Financial Services


“The global network of contacts is a tremendous asset for life. During my travels, I’ve met up with classmates in Shanghai, Taiwan, Korea, and California. Being together with highly ambitious and intelligent classmates is pure adrenaline.” Lawrence Low, ’08 (Asia) Sales and Marketing Director, Asia Pacific Advantek Inc.

Lawrence Low

“I just viewed the travel part of the program as a ‘neat perk.’ What a mistake.

Having so much of the world at my fingertips through classmates has helped me to grow so much as a professional, but more importantly as a person and a citizen of the world.” Stacy Waters, ’09 (North America) Owner, The Waters Consulting Group, Inc.

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The Chicago Booth experience is unlike any other. You may come to learn new business skills, but you’ll acquire so much more. Time and again, our students and alumni tell us how our MBA programs change not only their approach to business but to life. Ours is an environment that cultivates deep questioning, intense exploration, sharp focus, and a passion for possibilities—values that foster decisive leadership. High-level success. Confidence to face the toughest business challenges. Contacts to help when needed. And a new perspective on the world. You get the benefit of your colleagues’ and professors’ real-world expertise. Our faculty collaborate and consult with firms, serve on corporate boards, and start their own companies. They are sought out for expert analysis and advice by government and business leaders worldwide. They create new knowledge and shape

the way the world does business. Because they teach a masterful mix of theory and application, you can start applying what you learn on day one. Whatever your goals, we’ll support you every step of the way. Our career services are available to you for life, and you have access to the never-ending stream of new ideas coming out of Chicago Booth, available through publications, events, and lifelong learning opportunities. Management Conference. Capital Ideas. Chicago Conversations in Shanghai, London, New York. Global Leadership lectures in New Delhi, Paris, São Paulo— pick your city. Connect to your network. Chicago Booth is everywhere, making a difference.

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MIND NETWORK IMPACT

Shinwoo Lee Executive MBA Asia In business, the same problem never occurs twice. Case studies won’t give you the exact answer. Chicago Booth’s focus on the fundamentals has given me a way to think through and approach unique problems. I work in the Japanese movie industry—our studio produced 2009’s best foreign language film at the Oscars, Departures, and we’re looking to expand our market. One of the problems we face is how to reach a global audience that’s becoming increasingly individuated because of the internet and new media like YouTube and social networking. How do we make mass marketing more personal? How are we going to make Japanese titles interesting to international audiences and investors?

I’ve been able to introduce new marketing and investment ideas at work, things that many people have not tried before with movies, after learning about them from my professors or classmates. Right now my job is to build marketing campaigns around the strengths and weaknesses of the actors and make box office forecasts. Regressions are something I don’t typically think about at the office, but they’ve helped me look at those kinds of factors statistically. It’s an example of how when there’s

LEARN MORE

The Chicago Conversations series brings Booth alumni and corporate partners together in timely discussions on industry-specific topics, held in international cities where those industries thrive. Past events have focused on media and entertainment, marketing, and technology. Learn more at ChicagoBooth.edu/conversations.

Executive MBA students come from a wide variety of industries and functions and bring their expertise to the classroom. Explore the corporate diversity at the Singapore campus at ChicagoBooth.edu/execmba/ singapore/companies.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles

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no quick answer, the fundamentals give you a way to think through the problem. I’m excited to take my peers’ perspectives and my enhanced approach to executive thinking and problem solving into new areas of the film industry. There are definitely challenges ahead for the movie business—new media like Blu-ray and internet-based movies and TV shows—but there are also a lot of opportunities. Raising ecological awareness and social responsibility through entertainment is one of my goals.

I’m looking forward to using what I’ve learned in the program to improve the way films are marketed and produced. Leadership requires confidence, the business knowledge to evaluate and create solutions, and the ability to effectively explain their merits and put them into practice. That is what I’m getting from Chicago Booth.


ABOUT SHINWOO

Employment: Shochiku Title: General Manager Residence: Yokohama, Japan Citizenship: South Korea 29


MIND NETWORK IMPACT

Carmen Rey Executive MBA Europe I started working for Accenture as an analyst; now I’m in IT at Barclays, responsible for management services in Spain, Portugal, France, Italy, and now Russia. When I decided I was ready to move ahead again, I came to Chicago Booth. I’ve gained a more specific view of how things are done. I’m better at finding short-term solutions, but also at thinking about the long term, specifically applications, planning, taking care of specific projects, and understanding the impact to the organization.

I already feel more confident working with different people, including CEOs and other top executives in different divisions—commercial, operations, finance. By increasing my knowledge of the fundamentals of business, I’m able to talk to these people about anything. I don’t simply follow the conversation— I contribute to it. One of the best parts of the program is that you get to know people all over the world. What that means for me is the possibility of having a Chicago Booth contact anywhere I go—of meeting people, networking with them, and building relationships. If I have to go to Russia or Germany to work, I will have a lot of friends and colleagues there.

Wherever I am based, I’ll belong to a group of people who are really close in terms of shared experience; I feel like I’ll have a reference everywhere in the world. When you get to be a part of a community you feel very proud of, it gives you a real sense of strength and leadership. I would like to move to a more general management position. Chicago Booth is giving me the knowledge I need for that.

LEARN MORE

With 43,000 alumni in 113 countries, the Chicago Booth network is truly global. Explore an interactive map of our alumni locations at ChicagoBooth.edu/alumni/maps.

Executive MBA students come from a wide variety of industries and functions and bring their expertise to the classroom. Explore the corporate diversity at the London campus at ChicagoBooth.edu/execmba/ london/companies.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles

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ABOUT CARMEN

Employment: Barclays Title: Head of Management Information Services Residence: Madrid, Spain Citizenship: Spain

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ABOUT ERIC

Employment: U.S. House of Representatives Title: Staff Director and Counsel, Subcommittee on Financial Institutions and Consumer Credit Residence: Alexandria, Virginia Citizenship: United States

LEARN MORE

Chicago Booth has permanent Career Services offices at each of our campuses and a variety of resources you can access remotely—for life. Learn more at ChicagoBooth.edu/execmba/career.

Executive MBA students come from a wide variety of industries and functions and bring their expertise to the classroom. Explore the corporate diversity at the Chicago campus at ChicagoBooth.edu/execmba/ chicago/companies.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/execmba/profiles

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MIND NETWORK IMPACT

Eric Edwards Executive MBA North America I’m only partway through the program, but I’ve already become significantly more confident at work. There are many complex issues debated by the Financial Services Committee—such as mark-to-market accounting rules and the regulation of credit derivative swaps—that I never would have taken a lead role on in the past. But after a few quarters at Booth I have confidence in my ability to understand these issues and offer sound advice to the committee members. Soon after I took up work on the Troubled Asset Relief Program (TARP), I found myself prepping members of Congress for media appearances on the issue of accurately pricing toxic assets. Partly as a result of my work on TARP, I was promoted to staff director and counsel for the Subcommittee on Financial Institutions and Consumer Credit. I now play a significant role in crafting legislation for credit card and mortgage lending reform, overseeing the TARP program, and overhauling the financial regulatory system. In recognition of my work on credit card reform, I was invited to the White House for the president’s signing of the Credit Card Accountability, Responsibility, and Disclosure Act of 2009.

Capitol Hill is extremely competitive, and the Booth MBA separates me from the pack. I used to be one of the few staff directors without a JD or MBA from an Ivy League or comparable school. Although I held a fairly senior position, headhunters weren’t returning my calls. The impact of going to Booth was immediate. Now headhunters, hiring partners, and HR heads are calling me. The fact that Chicago Booth Career Services is open to executives is very appealing. It’s nice to have the resources for research and personnel who can give seasoned advice about your resume. Other programs that didn’t offer those options were unacceptable to me.

The University of Chicago really does open doors. Choosing to go to business school—and choosing Booth—were two of the best professional decisions I’ve ever made. Booth has already had a positive impact on my career trajectory. I’ve been presented with more opportunities than I thought possible, and when I finish the program, I will have the skills to succeed in whatever path I choose.

33


MIND NETWORK IMPACT

“I am now much more confident in dealing with uncertainties in the business environment.

The frameworks that I have learned at Chicago Booth are applicable immediately and have enabled me to look at real-world issues analytically and rigorously.” Stephen Ho, ’09 (Asia) Country Director, United Arab Emirates & Oman, and Senior Vice President, Middle East/South East Asia/North Africa, Surbana International Consultants Pte. Ltd.

“I’ve always had a win-win strategy, but now I’m able to characterize it, to tell a potential client in detail how the strategy can be achieved.

I’ve become more precise.” Nadir Belarbi, ’08 (Europe) E-Business and Innovation Senior Manager, The Dannon Company, Inc. 34


“Going through the program, I am so much more confident tackling any new activity. I know I will be able to work my way through any business challenge or transaction. I’m also passing some of what I’ve learned on to my staff, so that they can continue to evolve.” Jamie Denz, current student (North America) Assistant Corporate Controller/Vice President of Finance, Baxter International

Constantinos Economou

“I cannot stress enough how critical Chicago has been in my career. Although I had many years of marketing experience, my finance and accounting skills come mostly from what I learned at Chicago. Information I learned has had an enormous impact on how I run my business and make business decisions.” Javier Escobedo, ’01 (North America) Managing Partner, OLE, LLC

“When I’m consulting with clients, the extent to which I’m utilizing

the skills I’ve gained at Chicago Booth is unbelievable. The program has certainly bettered my approach to doing things.” Constantinos Economou, current student (Europe) Executive Head, Alexander Forbes Financial Services

35


36


113

countries in which Booth alumni are living and working

An environment that stretches you past your known potential and supports you every step of the way.

A curriculum based on the Chicago Approach.

43,000 BOOTH ALUMNI

6 Nobel Prize– winning faculty

5,341

PERMANENT CAMPUSES ON

3 CONTINENTS

CEOs & OTHER TOP COMPANY OFFICERS 37


ONE PROGRAM, THREE CONTINENTS. 25% IS SPENT WITH STUDENTS FROM ALL THREE CAMPUSES.

38


THE FACTS

Program Format Regardless of your primary campus, you will study at all three locations. You’ll have firsthand access to business leaders from around the world and the chance to explore the major business centers Chicago Booth calls home. No other business school in the world has three such vibrant and diverse permanent campuses at which to study.

ONE FAC UL TY

O

LUM ICU RR CU NE

XP CHICAGO

25%

Time spent in international cohorts at all 3 campuses.

EXP

AXP

LONDON

SINGAPORE

ONE GL

O B AL N ET W O RK

ALL STUDENTS convene in Chicago for a week-long kickoff and a week-long electives session.

INTERNATIONAL COHORTS composed of an equal mix of students from all three campuses convene for week-long sessions in London and Singapore.

39


“Chicago Booth has one value system: We are never satisfied with our state of knowledge or practice. We believe in the power of ideas. To get to the best provisional idea and the best execution requires making sure that each voice is heard and each person is respected.� DEAN EDWARD A. SNYDER

40


THE FACTS

Class Profile At Chicago Booth, we value the individual and actively recruit a community of students with diverse experiences, backgrounds, perspectives, and goals. INDUSTRIES

JOB FUNCTIONS

17%

Investment Management

13%

Financial Services

10%

Computer-Related Services

7%

Health Care

7%

Manufacturing

6%

Energy/Petroleum/Utilities

5% 20%

General Management

12%

Marketing

12%

Accounting/Finance

Consulting

9%

6%

13%

Telecommunications Nonprofit

8%

Business Development

8%

Investment Management/Research

7%

Consulting

4%

Information Systems

4%

Project Management

4%

Engineering

4%

Entrepreneurial/Self-Employed

24%

Other

Other

289 79% 21% 12

Total Students

Male

Female

Average Years of Work Experience

56 47 36 29%

Countries of Citizenship

Countries of Residence

Average Age

Hold Advanced Degrees 41


THE FACTS

In the past 6 years, Executive MBA Program participants have represented the following countries and areas through their citizenship and/or residency: Argentina Armenia Australia Austria Bahrain Bangladesh Barbados Belarus Belgium Botswana Brazil Bulgaria Cameroon Canada Chile China Colombia Costa Rica Cyprus Czech Republic Denmark Egypt Finland France

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Germany Ghana Greece Haiti Hong Kong Hungary India Indonesia Iran Ireland Israel Italy Ivory Coast Jamaica Japan Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyzstan Latvia Lebanon Luxembourg

Madagascar Malawi Malaysia Mauritius Mexico Morocco Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russia Rwanda Saudi Arabia Senegal Singapore Slovakia

Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Syria Taiwan Tanzania Thailand Trinidad & Tobago Tunisia Turkey Ukraine United Arab Emirates United Kingdom United States Uzbekistan Venezuela Vietnam


Participants in the Executive MBA Program represent every type of organization around the world, ranging from family-owned businesses to Fortune 500 corporations. Employees of the following companies are among those who enrolled in the Executive MBA Program in 2009.

Abu Dhabi Commercial Bank Accenture African Development Bank Alliant Energy Allianz Alstom ALTRAN Group Amos International (S) Pte. Ltd. Aon Corporation A.P. Moller-Maersk Apple Inc. Arthur J. Gallagher & Co. Atos Origin Avon Products Co. Ltd. Barclays Booz Allen Hamilton BP Capgemini Inc. Capgemini Italia SpA Caterpillar CDW Chartered Semiconductor Manufacturing Ltd. Cisco Clifford Chance, S.L. CME Group Credit Agricole Credit Suisse CSC Dell Inc. Deloitte Touche Tohmatsu DLA Piper US LLP

EDF Emerson Electric ENDESA Ericsson Telecommunications Ernst & Young Eurochem Corporation Pte. Ltd. European Bank for Reconstruction and Development (EBRD) Exelon-ComEd Federal Home Loan Bank of Chicago Fortis Asset Management Japan Co. Ltd. France Telecom R&D UK Ltd. GE Hamilton Sundstrand (UTC) Hewlett Packard IBM Integra Group Janssen-Cilag, Asia Pacific/ Johnson & Johnson John Deere Lloyds Banking Group London Development Agency L’Oréal Lupus alpha Asia GmbH MasterCard International Medtronic Microsoft MoneyGram International Limited

Moore Stephens LLP Morgan Stanley Japan Securities Co. Ltd. Motorola Murex Pte. Ltd. NAVTEQ Nokia Ltd. China NTT Communications Corporation Odfjell Singapore Pte. Ltd. OOO Huber Packaging Group Oracle Corporation Orange PepsiCo Perspectiva Ltd. PPF Services Limited PPM America PricewaterhouseCoopers Procter & Gamble International Operation Pte. Ltd. PT Fortis Investments Raiffeisen Bank Kosovo Ranbaxy Laboratories Limited Renaissance Investment Management Renault SAS Robert Bosch LLC Ronin Capital, LLC Rotary International Royal Dutch Shell R. R. Donnelley & Sons Sanofi-Aventis Pharmaceuticals

SAS Institute Pte. Ltd. SFR Siemens AG Sojitz Corporation Sprint Nextel Corporation Standard & Poor’s International LLC St. Jude Medical Sun Microsystems Pte. Ltd. Symantec Asia Pacific Pte. Ltd. Synovate Healthcare (Synovate Pte. Ltd.) Tako Digital Pte. Ltd. Tele2 Russia International Cellular B.V. Texas Instruments The Ascott Group The Dow Chemical Company UBS UniCredit Banka United Nations Organization UOP, A Honeywell Company URALCHEM OJSC US Cellular Water Industry Commission for Scotland White & Case Wilhelm & Sohn GmbH W.W. Grainger, Inc. Yahoo Inc.

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THE FACTS

Curriculum The Executive MBA Program is a general management program that builds managerial leadership skills on a strong foundation of business fundamentals. Participants also choose two courses from a pool of electives to further challenge themselves or expand their knowledge in a particular area.

Electives (2)

ELECTIVES

Managerial Decision Making and Negotiation

Marketing I & II

Competitive Strategy

Operations Management

Managing the Workplace

Entrepreneurial Strategy

Corporate Finance

Managerial Accounting

Strategic Leadership

Managerial Leadership

Statistics

Macroeconomics

Investments

Microeconomics

Financial Accounting

Business fundamentals

Year to year there may be changes to the overall curriculum. The above represents the typical program offering of core courses and electives.

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Essentials of Effective Leadership


Course Descriptions Business Fundamentals Essentials of Effective Leadership focuses on increasing a manager’s understanding about the nature and dynamics of interpersonal behavior related to organizational performance by providing an introduction to theory and research in the behavioral sciences. Using a combination of case discussions, group activities, and lectures, the primary goal is to offer conceptual frameworks and principles that will improve managerial effectiveness. Topics covered include motivation, social perception, interpersonal influence, communication, group decision making, commitment, and leadership. Financial Accounting provides the insight to see through the numbers by developing your understanding of the language of business, how financial statements are prepared, and how to interpret financial statements, conduct preliminary financial analyses of the firm, and forecast a firm’s financial performance. Investments covers financial theory and empirical techniques currently used in the quantitative analysis of financial asset prices and their applications to investment decisions in global markets. Covering such topics as portfolio allocation, models of capital market equilibrium and empirical evidence, performance valuation, and fixed income management, this course builds a foundation for understanding concepts that affect a firm’s access to funding and markets. Macroeconomics analyzes both short-run fluctuations and long-run growth of the aggregate economy. Topics include booms and recessions, inflation and unemployment, monetary and fiscal policy, budget and trade deficits, interest and exchange rates, and the productivity slowdown. Microeconomics focuses on the basic economic principles of the firm and their relevance in business decisions. The course covers supply and demand and its relation to market behavior followed by economic

determinants of individuals’ consumption, savings, and labor behavior. Statistics provides a comprehensive treatment of basic statistical concepts and analytical tools for data-driven decision makers. Topics covered include time series, categorical data, random variables and their distributions, variability, and regression models. Priority is given to understanding the concepts and their relevance to business.

Managerial Leadership Entrepreneurial Strategy is a capstone course that requires students to integrate new frameworks and concepts in strategy with frameworks and tools they learned throughout the program. The first half of the course focuses on strategy for entrepreneurial activities, either start-up companies or new businesses within existing organizations. We will study the generation and evaluation of ideas for new businesses, choices among business models, go-to-market strategies, and financial modeling of a start-up. In addition to lectures and case analyses, student groups will generate and evaluate ideas for a new business (or business unit) and choose the most promising idea, which they will use for a project in the second half of the course. The second half of the course will involve developing a business plan (and presentation of it) for their chosen venture. Groups will be expected to incorporate knowledge, frameworks, and tools from a large selection of courses including marketing, operations, management, accounting, finance, strategy, statistical analysis, and economics into their business plan. The course will end with presentations of the business plans to faculty, alumni, and fellow students. Students will have an opportunity to present a preliminary version of their plan early in the second half of the course, and much of the second half will involve working to improve and refine the plan with advice from faculty and coaches.

45


THE FACTS

Managerial Leadership (cont’d) Competitive Strategy applies concepts from microeconomics and industrial organization to competitive decision making. Case discussions serve as a foundation for learning in this class. Topics covered include industry analysis, basic game theory, competitive interactions, competitive pricing, commitment, and antitrust.

Emphasis is placed on the means by which multicultural firms attract, develop, retain, and motivate employees, and on organization structure and decision making. Attention is given to current personnel practices and business environment challenges to organizational policies in various countries and cultures.

Corporate Finance focuses on the interactions between financial structures and the value of the underlying real assets. After a short introduction to capital budgeting and valuation methods, the course focuses on the process of capital structure decisions. Recent theories in corporate finance are illustrated through a series of examples and cases. Special emphasis is placed on the ways in which financing affects the incentive structure of financial claimants.

Marketing I develops an understanding of and skill in formulating and planning marketing strategies. Understanding, developing, and evaluating brand strategies over the life of a product are key components of the course. Topics also include strategies for pioneering brands and later entrants and strategies for growth in declining markets.

Managerial Accounting sheds light on why some managers use numerous seemingly suboptimal accounting practices and explores why firms are adopting activitybased costing (ABC), economic value added (EVA), and balanced scorecard. Emphasis is placed on the question of organizational motivation and control and the role of accounting in this context. Managerial Decision Making and Negotiation has two goals: a descriptive goal that helps students understand how managers actually make decisions and a prescrip­ tive goal that helps students become better decision makers and negotiators. Through readings, demonstrations, and cases, students learn why managers are susceptible to certain decision-making biases and subsequently make less than optimal decisions. The course explores the implications of these biases for consumer, organizational, and financial decision making. In the second part of the course, a series of negotiation simulations helps students develop a structured approach to preparation and a refined set of skills for carrying out negotiations. Managing the Workplace analyzes key topics in global human resource management and organizational design.

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Marketing II expands on the concepts developing in the introductory marketing course and provides greater focus on strategic marketing planning, tactical selection and execution. Additional emphasis will be placed on effectively capturing and analyzing marketing data in order to make good marketing decisions and on the strategic nature of particular marketing tactics such as pricing and integrated marketing communications. Operations Management concentrates on organizational operations concepts and processes from a general manager’s perspective. Three critical concepts form the base of this course: locating and costing bottlenecks, reducing variability, and managing variability. These concepts provide insight into process analysis, quality, inventory control, capacity planning, and location. Strategic Leadership encourages participants to use the social structure around them to identify opportunities to create value, mobilize resources around the opportunities, and organize to deliver value. Case-based class discussions serve as a framework for exploring high-performance teams, corporate culture, reputations, leading strategic change, leveraging best practices, communicating a vision, reading the informal organization, and integrating operations across business units.


Electives Electives allow participants to personalize the program for individual development needs or career objectives. Participants choose two courses from a pool of electives chosen by Executive MBA Program participants. Actual electives offered vary year to year, but usually include cutting edge or advanced topics. A sample of electives taught in the past:   Equity Portfolio Management for Practitioners  High Performance Leadership: Unleashing the Hidden Potential of Your Organization

  Advanced Marketing Strategy   Strategies and Processes of Negotiation   Corporate Restructuring   Entrepreneurial Finance and Private Equity   Enhancing Personal and Organizational Creativity  New Enterprise and Small Business Management Negotiation   Investment and Finance in China   Strategic Investment Decisions   Theory and Policy of Modern Finance

n n n n n n

n

n

n

n n

Concentrations Concentrations give students a chance to specialize or deepen their knowledge in areas of particular interest or relevance to their careers. Concentrations are optional and require two additional courses during an extra course week in Chicago. If you fulfill a concentration, it will appear on your official transcript. We offer the following concentrations: Finance When it comes to making financial decisions that affect the life of your organization, your ability to evaluate risk and reward can be critical. The empirical lens of Booth’s legendary finance curriculum will prompt you to look at each solution and probe for better explanations. Marketing Shaping your organization’s “big picture” shouldn’t be based on marketing fads. Chicago Booth’s approach to

marketing management is built on a long tradition that combines conceptual knowledge and academic theory with practical, real-world application. Strategy As you are only too well aware, strategic decisions do not lend themselves readily to solutions using formulas or models. Chicago Booth excels in preparing leaders to thrive in ambiguous and uncertain situations.

“Concentrations allow students to focus even more closely on finance, marketing, or strategy. For those students with deeply technical positions or those interested in pursuing different career opportunities, this greater focus may be tremendously beneficial to them.” Bill Kooser, Associate Dean

47


OUR FACULTY CHANGE THE WAY THE WORLD DOES BUSINESS. Unlike many executive programs that hire local instructors to teach their courses, we bring our Chicago-based, world-class faculty to you. Chicago Booth faculty advance business theory and shape its practice. Their awards include Nobel Prizes, a Presidential Medal of Freedom, and a MacArthur “genius� grant. Their research and opinions are frequently sought by major corporations and cited in prominent media worldwide. On top of all that, they are truly accessible, dedicated teachers.

48


THE FACTS

These Chicago Booth faculty regularly teach in the Executive MBA Program: Dan Adelman Professor of Operations Management BA (industrial engineering) 1993, MSc (operations research) 1994, PhD (industrial engineering and operations research) 1997, School of Industrial Systems Engineering, Georgia Institute of Technology. Research Activities: Internal pricing mechanisms for operational control, revenue management/pricing optimization, and supply chain management. David E. Altig Adjunct Professor of Economics BBA (economics), University of Iowa, 1980; MA (economics), Brown, 1982; PhD (economics), Brown, 1987. Research Activities: Monetary and fiscal policy issues. Ray Ball Sidney Davidson Professor of Accounting BCom University Medal (accounting), University of NSW, 1965; MBA, University of Chicago, 1968; PhD (economics), University of Chicago, 1972; Doctor Honoris Causa, Helsinki School of Economics, 1991; Doctor Honoris Causa, Katholieke University Leuven, 1994; CPA, Australia. Research Activities: Financial reporting and disclosure; earnings and stock prices; international accounting and finance; market efficiency; the institutions of a market economy. Ronald S. Burt Hobart W. Williams Professor of Sociology and Strategy BA (social and behavioral science), Johns Hopkins University, 1971; MA (sociology), State University of New York at Albany, 1973; PhD (sociology), University of Chicago, 1977. Research Activities: Theory and research methodology describing the social structure of competitive advantage in careers, organizations, and markets.

Pradeep K. Chintagunta Robert Law Professor of Marketing BT (mechanical engineering), Institute of Technology, Banaras Hindu University, India, 1984; MS (management), Indian Institute of Management, Ahmedabad, India, 1986; PhD (marketing), Northwestern University, 1990. Research Activities: Analysis of household purchase behavior; pharmaceutical markets; technology products. Sanjay K. Dhar James H. Lorie Professor of Marketing BTech (mechanical engineering), with honors, Indian Institute of Technology, India, 1983; MBA, Indian Institute of Management (India), 1987; CPhil (management) and PhD (management), University of California, Los Angeles, 1992. Research Activities: Brand management; consumer promotion evaluation and planning (bonus buys versus in-store coupons, package coupons, freestanding insert coupons, cross-ruff coupons); competitive advertising strategies; e-commerce strategy; marketing strategy; new product development, management, and strategy; retail management best practices (promotion and merchandise planning and evaluation, store formats, impact of private labels, efficient consumer response initiatives, category management, efficient assortment management, loyalty reward programs, everyday low pricing); trade promotions. Nicholas Epley Professor of Behavioral Science BA (psychology/philosophy), Saint Olaf College, 1996; PhD (psychology), Cornell University, 2001. Research Activities: Experimental study of social cognition; perspective taking; intuitive human judgment.

49


THE FACTS

Michael J. Gibbs Clinical Professor of Economics BA and MA (economics), University of Chicago, 1984; PhD (economics), University of Chicago, 1989. Research Activities: Personnel economics; economics of organization; incentive compensation. Linda E. Ginzel Clinical Professor of Managerial Psychology BA summa cum laude (psychology), University of Colorado, 1984; MA (social psychology), Princeton University, 1986; PhD (social psychology), Princeton University, 1989. Research Activities: Social cognition and interpersonal perception; the social psychology of organizational behavior; ethical leadership; management education; executive development. John Huizinga Walter David “Bud” Fackler Distinguished Service Professor of Economics BA cum laude (economics and mathematics), Pomona College, 1976; PhD (economics), Massachusetts Institute of Technology, 1980. Research Activities: Empirical studies in macroeconomics and finance, both domestic and international; econometric theory. Ronen Israel Visiting Professor of Finance BA (economics), University of Haifa, Israel, 1984; PhD (finance), Northwestern University, 1989. Research Activities: Capital allocation process; organization design; the economics of the market for corporate control; firms’ capital structure choice; the economics of bankruptcy. Current research is on entrepreneurial finance; capital allocation process; and managerial compensation. Kevin Francis Rock Clinical Professor of Finance BA, Harvard, 1974; MBA 1980, MA 1981, PhD 1982, University of Chicago. Research Activities: Corporate valuation; capital markets; accounting information.

Ram Shivakumar Clinical Associate Professor of Economics and Strategy BA (economics), University of Madras, India; MA (financial mathematics), University of Chicago; PhD (economics), Indiana University. Research Activities: Industrial organization, financial economics, and corporate strategy; issues pertaining to valuation and risk management. Leonard C. Soffer Clinical Associate Professor of Accounting BA (accountancy) University of Illinois–Urbana, 1977; MBA (finance), Northwestern University, 1981; PhD (accountancy), University of California, Berkeley, 1991. Research Activities: Corporate valuation, capital markets, accounting information. Lars Stole Eli B. and Harriet B. Williams Professor of Economics BA (economics), University of Illinois, 1985; MS, London School of Economics, 1986; PhD (economics), Massachusetts Institute of Technology, 1991. Research Activities: Economics of contracts and organizations; industrial organization; informational economics. Current research focuses on price discrimination and intraorganizational resource allocation. Per Strömberg Adjunct Professor of Finance MBA (finance), Stockholm School of Economics, 1991; MS (industrial administration), Carnegie Mellon University, 1993; PhD (finance), Carnegie Mellon University, 1997. Research Activities: Corporate finance and governance; venture capital and entrepreneurial finance; costs of bankruptcy and financial distress. Roman L. Weil V. Duane Rath Professor Emeritus of Accounting BA (economics and mathematics), Yale University, 1962; MS (industrial administration), Carnegie Mellon University, 1965; PhD (economics), Carnegie Mellon University, 1966; CPA, State of Illinois, 1973; CMA, 1974. Research Activities: Financial accounting; forensic accounting; regulation; financial literacy and corporate governance.

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Bernd Wittenbrink Professor of Behavioral Science Diploma (business administration), Berufsakademie Stuttgart, Germany, 1983; MA (psychology), University of Michigan, 1991; PhD (psychology), University of Michigan, 1994. Research Activities: Psychology of person perception and social judgment, especially the role of categorical background knowledge in impression formation. George Wu Professor of Behavioral Science BA (applied mathematics), Harvard University, 1985; MS (applied mathematics), Harvard University, 1987; PhD (decision sciences), Harvard University, 1991. Research Activities: Decision making under risk and uncertainty; behavioral decision making. Mark E. Zmijewski Leon Carroll Marshall Professor of Accounting; Deputy Dean for Part-Time MBA Programs BS (management), State University of New York, Buffalo, 1976; MBA special honors, State University of New York, Buffalo, 1981; PhD, State University of New York, Buffalo, 1983. Research Activities: Valuation; security analysis; the effect of financial disclosures on capital market participants and security prices.

51


THE FACTS

Research Centers Chicago Booth is famous for groundbreaking research, a great deal of which is conducted under the auspices of our research centers, which in turn are a draw for recruiting top faculty. And through developing courses and curricula and hosting talks and events, the centers also are a valuable resource for students and alumni. Accounting Research Center This center coordinates the accounting activities at Chicago Booth and integrates various fields of knowledge across accounting and management. It also publishes the Journal of Accounting Research and sponsors an annual conference. Becker Center on Chicago Price Theory Founded by Richard O. Ryan, ’66, this interdisciplinary center supports research examining the role prices play in the fundamental functions of an economic system and in human behavior. Freakonomics coauthor Steven Levitt serves as director. Center for Decision Research Researchers study how intuition, reasoning, and social interaction produce beliefs, judgments, and choices—topics that have important applications in management, marketing, finance, and public policy. Center for Population Economics Directed by Nobel laureate Robert Fogel, this center supports research on such demographic, epidemiological, and economic processes as chronic diseases, mortality, work levels, geographic mobility, intergenerational transition of wealth, and more. Center for Research in Security Prices Recognized as the leading source of the most comprehensive and accurate U.S. historical databases available, CRSP is an integral part of the academic and corporate worlds of economic and financial research.

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George J. Stigler Center for the Study of the Economy and the State Named for the first business school professor awarded a Nobel Prize and former faculty member George Stigler, this center supports research on the effects of political life on economic life and vice versa. Initiative on Global Markets Pulling together Chicago Booth research ranging from microeconomics and development economics to accounting, corporate finance, and asset pricing, IGM explores how global movements of capital, products, and talent affect the nature of business in the 21st century. James M. Kilts Center for Marketing Founded by James M. Kilts, ’74, turnaround guru of Gillette, Kraft, and Nabisco, this center sponsors our marketing research and curriculum innovation. Michael P. Polsky Center for Entrepreneurship Founded by energy entrepreneur Michael P. Polsky, ’87, this center combines experiential learning, collaboration, and research on new venture formation and development. Programs like the New Venture Challenge provide students with real funding. Milton Friedman Institute for Research in Economics Supporting research of policy-related questions through economic analysis, the Milton Friedman Institute draws preeminent scholars from around the globe and is a collaboration among Chicago Booth, the University of Chicago Law School, and the Department of Economics.


Career Services Executive MBA students and alumni are supported by one of the top-rated career services departments of any business school in the world. With offices in Chicago, London, and Singapore, Chicago Booth’s Career Services is dedicated to fostering career development and creating opportunities by building relations with employers. Whether students and alumni are changing careers or looking to gain a competitive advantage in their existing fields, Career Services will work closely with them to refine their goals and help them successfully navigate their career development process. We help students through each phase of career development: to assess themselves and the market, plan and prepare for career transition, and implement their career plans.

Assess

Prepare

Career Services assists students, individually and in groups, with assessing their values, goals, and career interests, thus allowing them to successfully differentiate themselves.

Career Management Programming Career Services offers group and individual assistance with creating compelling resumes and job search correspondence. Workshops and coaching on how to craft a transitional story, network, and interview effectively also are available. A virtual mock interviewing program and peer-to-peer resume and story review sessions allow students to develop skills in these areas in a nonthreatening environment.

Fisher Career Resource Center (CRC) The Career Resource Center is the hub for career and job-related research at Chicago Booth. The Fisher CRC, located at Gleacher Center, is primarily a virtual collection, emphasizing electronic resources. Computer stations provide access to a wealth of online databases featuring company information, job leads, industry data, and compensation surveys.

Plan Industry Knowledge Through a series of Industry Panels, Chicago Booth alumni and corporate friends return to campus as experienced marketers, consultants, general managers, investment managers, and strategic planners to introduce a variety of industry and/or functional overviews. Career Services also cosponsors many other events to assist students with gaining industry knowledge, including speakers from a variety of organizations, networking events with company representatives, educational workshops on various industries, and conferences. Networking Students and alumni can utilize the online Chicago Booth Community Directory to research and contact alumni and fellow students in various functions and industries. The directory is an excellent tool to begin conducting informational interviews and to network with professionals in fields and roles of interest. CareerCast Through the CareerCast podcast series, students and alumni can hear experts discuss such topics as making an industry or functional career change, managing employees, crafting their story, and taking the entrepreneurial plunge. CareerCast also features success stories of Chicago Booth students and alumni.

Implement Job Postings Career Services is actively engaged in employer outreach and development. Thousands of jobs from firms are posted annually—jobs that span a wide variety of functions, industries, levels, and geographies. In addition to postings from companies that recruit from Chicago Booth, Career Services posts search-firm listings for more senior positions. Students can elect to have both full-time postings and search-firm postings emailed directly to them. Chicago Booth Select Search Chicago Booth Executive MBA students are eligible to participate in Chicago Booth Select Search, an online resume database service. Chicago Booth Select Search is made available to recruiters seeking experienced MBA talent from Chicago Booth. Currently more than 800 employers use Chicago Booth Select Search for their hiring needs. Corporate Networking Events Corporate Networking Nights bring together corporate representatives, alumni and students from a variety of industries, including consulting, investment management, energy, health care, green technology, and banking. On all three campuses, these events help corporate representatives to share information about their organizations, and learn about students and alumni as they assess talent needs for now and into the future.

53


THE FACTS

Chicago Booth Network Wherever you go from here, you’ll find a vibrant Chicago Booth network. Our alumni hail from every industry and inhabitable continent. They engage in admissions events, student treks, roundtable discussions, and Chicago Conversations. Our faculty travel the world sharing Chicago Booth thinking through the Global Leadership Series and Business Forecast. With permanent campuses on 3 continents and more than 43,000 community members in 113 countries, your network is as broad as your outreach.

15 international cities hosting Global Leadership Series

8 international cities hosting Business Forecast 2009 events

30 Women’s Week events

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43,000

92

Chicago Booth alumni

alumni clubs worldwide

75 international cities hosting Worldwide Booth Night receptions

113 countries in which Chicago Booth alumni live and work

5,341 CEOs and other top corporate officers 55


THE FACTS

Bill Osborne, ’01 Alumni Leaders A Chicago Booth MBA prepares you to make the career move you want, whether it’s changing industries, heading an international corporation, or launching a new venture. See what these Executive MBA graduates are doing with their degrees. Read about more alumni accomplishments in Chicago Booth Magazine at ChicagoBooth.edu/ magazine.

Oak Brook, Illinois, USA BEFORE Chicago Booth: Plant manager for Ford Motor Company TODAY: President and Chief Executive Officer, Federal Sign Corporation “I think the ‘big aha’ for me was that, instead of focusing on one particular outcome, I learned to accept that there are often no correct, clear-cut answers. I learned how to make a good decision—and then accept a range of outcomes.”

Erik Østergaard, ’01 Copenhagen, Denmark BEFORE Chicago Booth: Senior director for one of Europe’s largest ferry companies TODAY: CEO of Dansk Transport og Logistik, representing 3,800 transportation companies “I don’t recall a single course that wasn’t immediately applicable to the workplace. It’s the overall impact of the program that is so valuable. When you’re done, you feel different and you think differently. It’s like you’re looking at the world through new eyes.”

Abdulla Almulla, ’96 Dubai, United Arab Emirates BEFORE Chicago Booth: Hotel industry TODAY: Chairman, Almulla Business Group “I had experienced a few disastrous investments. However, at Chicago we were told we’d emerge being able to sit at any board of directors table. And we did.”

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Paulette Velasco, ’03

Erwin Rezelman, ’03

Beijing, China

São Leopoldo, Brazil

BEFORE Chicago Booth: Marketing director for a

BEFORE Chicago Booth: Director of SAP Labs Tokyo

computer firm TODAY: Vice President of Helios Partners, an international sports marketing firm

TODAY: Managing Director, SAP Global Service

“It’s everything I want in a job. And now, I’m a lot more confident going into budget meetings with CEOs.”

David Hart, ’97 Frankfurt, Germany BEFORE Chicago Booth: Business editor for FAZ

(Frankfurter Allgemeine Zeitung) TODAY: Managing Director, Communication Solution GmbH, a public relations consultancy business he launched to help cities and states increase foreign investment in their regions “Chicago’s program is not just about theory. It prepares you to make decisions, approach clients, think about things strategically, assess risk. It gives you tools to turn business ideas into business.”

Carlos Cabrera, ’89 Des Plaines, Illinois, USA BEFORE Chicago Booth: Engineer at UOP, a firm that develops and supplies technology to the refining and petrochemical industry TODAY: Retired President and CEO, UOP LLC “The program was one of the highlights of my life. The opportunity to interact with people who have been educated in a variety of disciplines and can think in common terms about business and strategy was very exciting.”

Center, Brazil “The Booth program gives you tools to evaluate risk. You learn how to put everything together—the economics of HR, financial business case writing, negotiation skills—so you can identify issues better.”

Anne Alonzo, ’00 Washington DC, USA BEFORE Chicago Booth: Vice President International,

Amoco Foundation, Inc. TODAY: Vice President, Global Public Policy, Kraft Foods “Although I was interacting with U.S. companies, I didn’t have a good foundation on how companies work from the inside. This MBA was a real growth experience and a turning point in my career.”

Carolyn Chan, ’02 Singapore BEFORE Chicago Booth: An executive recruiter for

A. T. Kearney TODAY: Client Relations Director, Center for Creative Leadership, a leadership development program that trains over 20,000 people a year “As an executive search consultant, I helped clients ‘find’ their leaders. Now I work with clients on developing their leaders. My MBA gave me the business background I needed and the confidence to make effective decisions.” 57


THE FACTS

A Global Business Force Founded in 1898, the University of Chicago Booth School of Business is the second-oldest business school in the United States and one of the most distinguished. Our academic programs consistently rank among the top 10 schools in surveys worldwide. Our pathbreaking research and our innovations in business education have produced ideas and leaders that shape the world of business. Our unparalleled faculty is famous for producing theories that change business practice. Chicago Booth Firsts Q Q Q Q



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FIRST to offer an executive MBA program (1943) FIRST to publish a scholarly business journal (1928) FIRST to offer a PhD program in business (1920) FIRST to award a PhD in business to a woman (1929) FIRST to establish a minority scholarship program (1964) FIRST business school to have a Nobel laureate on its faculty (1982) FIRST business school with six Nobel Prize–winning faculty members: George Stigler (1982), Merton Miller (1990), Ronald Coase (1991), Gary Becker (1992), Robert Fogel (1993), and Myron Scholes (1997) FIRST and only U.S. business school with permanent campuses on three continents: Asia (Singapore), Europe (London), and North America (Chicago)



Chicago The North America campus is the University of Chicago Gleacher Center, a state-of-the-art facility in the heart of Chicago’s commercial and retail district. Located on the shores of Lake Michigan, Chicago boasts miles of recreational areas along its lakefront. The city offers a wealth of art, cultural, and entertainment outlets, including renowned museums, architecture, and professional sports, as well as a mosaic of ethnic and cosmopolitan neighborhoods.

London The Europe campus, in the Woolgate Exchange building, is in London’s main financial district, a 10-minute walk from Liverpool Street Station. A city of central importance to Europe and the global economy, London also is rich in culture. Historic and modern at once, the city offers free museums, famous architecture, high-end shopping, and world-class theater, plus sports, music, and eclectic cuisine—from pub food to saag paneer.

Singapore The Asia campus occupies the House of Tan Yeok Nee, a restored 120-year-old historical landmark among the glass and steel towers of Singapore. Singapore is a thriving business and financial center for Southeast Asia and has the world’s busiest port. It is a bustling metropolis with excellent communications and transport. Singapore has an astonishing mix of old ethnic areas, modern office buildings, and shopping complexes. Three million Chinese, Malays, Indians, and Eurasians call this island their home.


Chicago Skyline

Gleacher Center

London’s Houses of Parliament

Woolgate Exchange

Downtown Singapore

House of Tan Yeok Nee

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THE FACTS

Engage You’ve just gotten a taste of Chicago Booth, but the best way to understand and appreciate our culture is to experience it firsthand. We offer a variety of engagement opportunities, including: Executive MBA Chicago Booth Connect Register on our website and get your own personal homepage, delivering the latest announcements and events as well as news and features tailored to your interests. Information Sessions Find out what makes Chicago Booth unique and meet students, alumni, and administrators at these programs, held at one of our local campuses or in cities around the world. Campus Visits Meet with admissions staff at one of our three campuses when classes are in session. You can attend a class, meet current students, and find out just how diverse our network of executives is. Learn more at ChicagoBooth.edu/execmba/engage.

Chicago Booth Capital Ideas ChicagoBooth.edu/capideas This publication highlights our faculty research, with each issue devoted entirely to a specific field. Go online to view current and past issues as well as video interviews with the faculty. Chicago Booth Magazine ChicagoBooth.edu/magazine Published three times a year, the magazine brings you insightful news and features about the school, faculty, and alumni that can’t be found anywhere else. Chicago Conversations ChicagoBooth.edu/conversations This international event series brings Chicago Booth alumni and corporate partners together in timely discussions on industry-specific topics, held in cities where those industries thrive. Global Leadership Series ChicagoBooth.edu/gls Aimed toward executives, this international event series features Chicago Booth faculty and business leaders sharing innovative ideas on global trends and issues of corporate leadership.

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Apply The Executive MBA Program admits approximately 90 students to each program location (North America, Europe, Asia) each year. The admissions committee looks for evidence of an applicant’s potential to succeed in a demanding program of study and in his or her professional career. In addition to professional experience, previous educational experience, and recommendation letters, we consider essays to learn about an applicant’s activities, goals, and interest in attending our program. We also require all applicants to complete a face-to-face interview with our admissions staff. In short, the admissions committee tries to find a solid match between the applicant and Chicago Booth.

HAN A SS SCHOOL. ESS FORCE. For more information about our requirements, costs, financial aid, deadlines, and upcoming events, visit ChicagoBooth.edu/execmba. Executive MBA Program

North America The University of Chicago Booth School of Business 450 North Cityfront Plaza Drive Chicago, Illinois 60611

Europe The University of Chicago Booth School of Business Woolgate Exchange 25 Basinghall Street London EC2V 5HA

Asia The University of Chicago Booth School of Business 101 Penang Road Singapore 238466

Email xp@ChicagoBooth.edu

Email europe.inquiries@ChicagoBooth.edu

Email asia.inquiries@ChicagoBooth.edu

Telephone +1 (0) 312 464 8750

Telephone +44 (0) 20 7070 2200

+65 (0) 6835 6482

Telephone

Every effort is made to ensure that the information contained in this publication is accurate as of the date of its printing [July 2009]. The University of Chicago Booth School of Business reserves the right to make changes at any time without prior notice. In keeping with its long-standing tradition and policies, the University of Chicago considers students, employees, applicants for admission or employment, and those seeking access to programs on the basis of individual merit. The University, therefore, does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, disability, or veteran status, and does not discriminate against members of protected classes under the law. The Affirmative Action Officer (773.702.5671) is the university official responsible for coordinating the University’s adherence to this policy and the related federal, state, and local laws and regulations (including Section 504 of the Rehabilitation Act of 1973, as amended, and the Americans with Disabilities Act). ©2009 The University of Chicago Booth School of Business. All rights reserved. Produced by Chicago Booth Marketing. Principal photography: Chris Strong, Jacky Ho. 526115/10K/AR-KB-MC/07-09 The University of Chicago Booth School of Business in the UK. Registered office: 1 Park Row, Leeds, LS1 5AB, United Kingdom. Registered company number 5356589. Registered charity number 1108516.


The Executive MBA Program The University of Chicago Booth School of Business ChicagoBooth.edu/execmba


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