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Gleacher Center

CONTENTS Introduction








The Facts


Program Format




Course Descriptions






Research Centers


Career Services


Alumni Leaders


A Global Business Force


Engage With Us


Class Profile




House of Tan Yeok Nee

Woolgate Exchange






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 to 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.






KNOWLEDGE 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. Booth provides powerful frameworks for generating insights and taking decisive action based on an understanding of how markets work, organizations function, and customers behave. We teach you how to think, not what to think, so whatever you don’t know—whatever new business challenge tomorrow brings—you’ll have the solid foundation and analytical skills to tackle it. Your brilliant faculty and colleagues will help you get there. You’ll find yourself immersed in a culture of intellectual curiosity, honesty, exchange, and

rigor. That dedication to uncovering new facts and revealing new realities is one of the ways we prepare individuals to succeed in any situation. 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.






Joel Gay, ’10


Executive MBA North America

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

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 ’63, PhD ’64, and, before him, Harry Markowitz, PhB ’47, AM ’50, PhD ’55 (economics). I wanted to formalize a lot of the theories I had 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 have actually gone 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 am now a much sharper and stronger executive than before.




Employment: Colourfield Liability Solutions (Pty) Ltd Title: Chief Executive Officer Residence: Johannesburg, South Africa Citizenship: South Africa

Constantinos Economou, ’10


Executive MBA Europe

Given all my education and work experience prior to Chicago Booth, I was really surprised at the amount of knowledge that I gained during my time there. 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. Chicago Booth has certainly invigorated my enthusiasm, broadened my outlook, and strengthened my approach to doing business.






“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 (XP-75) Executive Vice President, Midwest; MWW Group


“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 (EXP-14) Founder, SMS3



“The professors have a tremendous amount of real-world experience that they bring into the classroom. It was especially interesting during the financial crisis to hear their observations and perspectives. It helped make what we were learning about practical.”


Shinwoo Lee, ’10 (AXP-9) 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 (AXP-7) Director, Merchant Strategy Japan, Asia Pacific, Australia; American Express International, Inc.

“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 (EXP-5) CFO International, Groupon, Inc.




NETWORK Our community knows no boundaries. When you come to Chicago Booth, you have colleagues in every function and industry. On every inhabitable continent. An unending source of contacts, collaborators, and consultants. Chicago Booth’s “challenge everything” approach creates a culture where colleagues share their experiences and insights, push you to go outside your comfort zone, and support each other in their professional development. Connections emerge in classes, spill over into study groups, solidify during international exchange sessions, and last a lifetime. At Booth, you find a community for success. From the start, you’ll have both a local and international study group, each carefully crafted for a balance of backgrounds and skills. Furthermore, with three campuses representing dozens of countries, every class session is an experience in cultural immersion. And the immense variety of your class-


mates’ degrees, industries, and job functions takes the diversity of your network to a whole new dimension. Our alumni are a part of your network from the day you are accepted as a student. They engage with you as distinguished speakers and classroom guests. You meet them at events like Global Leadership Series and Business Forecast. Or reach them through our Community Directory. They’re involved every step of the way, from helping identify the best prospective students to tapping into our talent pool. When you join Chicago Booth, you connect to the entire Booth network.







Anthony Siwawa, ’10


Executive MBA Asia

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

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 was in Singapore, I got to meet up with people, go out to dinner, talk, and just engage. The campus had a family atmosphere, where everyone called you by name, giving people like me who travel a sense of comfort. I 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. For instance, I was invited to a Chinese wedding for one of my classmates. I had classmates visit me to look at entrepreneurial opportunities, and I was able, in turn, to explore opportunities where they work and live.




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

Jamie Denz, ’10


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 exposed me to ideas from different people in different companies—from all parts of the globe. After class on Saturdays, my classmates and I typically dined at an ethnic restaurant, and we always had a classmate from that region who ordered for us. One night we realized we represented five different continents—the others were from Belgium, Nigeria, India, and Brazil. We talked about politics or culture or how we were educated—we had these rich dialogues. We often connected 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 was a very open environment where we could share each other’s perspectives. I am definitely a changed person from when I started the program because I have all of these resources at my fingertips.





“The relationships I built with other students were my favorite part of the experience. What I really liked was that we were truly an international team of students—French, German, Russian. You get really close despite the cultural differences.” Carmen Rey, ’10 (EXP-15) Operational Projects Director, Banco Santander, S.A.

“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 (AXP-2) Managing Director, Singapore and South East Asia; Jones Lang LaSalle


“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, ’10 (EXP-15) CEO, Colourfield Liability Solutions (Pty) Ltd


“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 peers is pure adrenaline.” Lawrence Low, ’08 (AXP-7) Global Business Director, Cabot Microelectronics Corporation

“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 helped me to grow so much as a professional, but more importantly, as a person and a citizen of the world.” Stacy Waters, ’09 (XP-78) Associate Vice President of Development, University of Chicago Medical Center Development 19





IMPACT 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 explorations, sharp focus, and a passion for possibilities—values that foster decisive leadership. Develop a distinctive brand of resourcefulness and inventiveness that will enable you to stand out as a leader—at work and in your community. You’ll benefit from 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 Series lectures in New Delhi, Paris, São Paulo—pick your city. Connect to your network. Chicago Booth is everywhere, making a difference.






Shinwoo Lee, ’10


Executive MBA Asia

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

In business, the same problem never occurs twice. 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. I continue to use 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’ve gotten from Chicago Booth.




Employment: Banco Santander, S.A. Title: Operational Projects Director Residence: Madrid, Spain Citizenship: Spain

Carmen Rey, ’10


Executive MBA Europe

Having attended Booth, I 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 was that I got to know people all over the world. For me, that means having the possibility of finding 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. 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 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 (AXP-8) Deputy General Manager (China Investments), Keppel Land International Limited

“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.” 26

Nadir Belarbi, ’08 (EXP-13) IT Project Director, Canadian National


“Having gone 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, ’10 (XP-79) Assistant Corporate Controller/Vice President of Finance, Baxter International

“I cannot stress enough how critical Chicago Booth 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 (XP-70) General Manager, Latin America; Expedia, Inc.

“When 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, ’10 (EXP-15) CEO, Colourfield Liability Solutions (Pty) Ltd







PROGRAM FORMAT CHICAGO | LONDON | SINGAPORE Regardless of your primary campus, you will study at all three locations and gain firsthand knowledge of how business is conducted from your fellow students. No other business school in the world has three such vibrant and diverse student bodies with whom to study and collaborate.

Time spent in international cohorts at all 3 campuses.

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.


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)


Entrepreneurial Strategy

Marketing Management

Strategic Leadership

Quantitative Marketing

Global Economics


Competitive Strategy

Managerial Decision Making and Negotiation

Managerial Accounting

Financial Strategy




Corporate Finance for Executives


Financial Accounting

Essentials of Effective Leadership


Year to year there may be changes to the overall curriculum. The above represents the typical program offering of core courses and electives. 31


COURSE DESCRIPTIONS Business Fundamentals

Managerial Leadership

Corporate Finance for Executives 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.

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.

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. 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 as well as a focused look at developing strategic directions for new business units or firms. 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. 32

Entrepreneurial Strategy is a capstone course that requires students to integrate new frameworks and concepts in strategy with frameworks and tools they learn 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 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 generate and evaluate ideas for a new business (or business unit) and choose the most promising idea, which they use for a project in the second half of the course. The second half of the course involves developing a business plan (or presentation of it) for a chosen venture. Groups are 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 ends with presentations of the business plans to faculty, alumni, and fellow students. Students 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 involves working to improve and refine the plan with advice from faculty and coaches. Financial Strategy takes a financial approach to managerial decision making. Funds needs, financing decisions, and investment decisions are discussed. Understanding how financial decisions affect firm value is a focus of the course. Case discussions of large, small, international, and country-specific firms provide the main vehicle for learning in this course.


Global Economics provides an overview of the interaction of aggregate economic variables such as GDP, inflation, interest rates, budget deficits, trade deficits, the exchange rate, and the money supply. Managerial Accounting sheds light on why some managers use numerous seemingly suboptimal accounting practices and explores why firms are adopting activity-based 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 prescriptive 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. Marketing Management 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. Quantitative Marketing expands on the concepts developing in the introductory marketing course and provides greater focus on strategic marketing planning, tactical selection, and execution. Additional emphasis is 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 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 those 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 include: n

Entrepreneurial Finance


Global New Venture Challenge Investments Marketing Strategy Simulation New Product Development Organizational Economics Power and Influence Strategic Decision Making

n n n n n n



CONCENTRATIONS Concentrations provide students an opportunity to specialize and deepen their knowledge in areas of particular interest and relevance to their careers. The concentration courses provide advanced knowledge in academic areas covered at the basic level in the required Executive MBA Program curriculum. Concentrations are optional and require additional courses offered during an additional week of classes in Chicago immediately before graduation. A concentration is noted on a student’s official transcript. Each year, the Executive MBA Program offers a concentration in finance. Depending on student commitment and faculty availability, we will offer additional concentrations. The actual concentrations offered will be confirmed during the program. Other possible concentration offerings include entrepreneurship, marketing management, and strategic management.

Concentration in 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.

“Being able to complement the general management approach of the program with in-depth knowledge in a specific functional area, such as finance, marketing, or strategy, provides a unique opportunity to strengthen learning and gain exposure to detailed implementation practices that can be applied to a wide array of business situations.” —Emilio Veiga-Gil, ’11 (EXP-16) Director, Marketing Latin America and the Carribean MoneyGram International Limited


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.




Steven J. Davis

Professor of Operations Management

William H. Abbott Professor of International Business and Economics

Education: A bachelor’s degree in industrial engineering, a master’s degree in operations research, and a PhD (1997) in industrial engineering and operations research, all from the School of Industrial and Systems Engineering at the Georgia Institute of Technology. Research Activities: Internal pricing mechanisms for operational control, revenue management/pricing optimization, and supply chain management.

Ray Ball Sidney Davidson Distinguished Service Professor of Accounting Education: A bachelor’s degree in accounting from the University of New South Wales in Australia, and an MBA (1968) and a PhD in economics (1972) from Chicago Booth. Research Activities: Financial reporting and disclosure, earnings and stock prices, international accounting and finance, market efficiency, and the institutions of a market economy.

Nicole DeHoratius Adjunct Associate Professor of Operations Management Education: A bachelor’s degree in history and science from Harvard College and a DBA in technology and operations management at Harvard Business School. Research Activities: The effective management of retail supply chains and the link between retail performance, and operational execution.

Ronald S. Burt

Sanjay K. Dhar

Hobart W. Williams Professor of Sociology and Strategy

James H. Lorie Professor of Marketing

Education: A bachelor’s degree in social and behavioral science from Johns Hopkins University (1971) and a PhD in sociology from the University of Chicago (1977). Research Activities: Theory and research methodology describing the social structure of competitive advantage in careers, organizations, and markets.

Education: A bachelor’s degree in technology (mechanical engineering) with honors from the Indian Institute of Technology of India (1983), an MBA from the Indian Institute of Management, India, and a PhD in management from the University of California Los Angeles (1992). Research Activities: Brand management; consumer promotion evaluation and planning; competitive advertising strategies; e-commerce strategy; marketing strategy; new product development, management, and strategy; retail management best practices; and trade promotions.

Pradeep K. Chintagunta Joseph T. and Bernice S. Lewis Distinguished Service Professor of Marketing Education: A bachelor’s degree in mechanical engineering from Banaras Hindu University (1984), a postgraduate diploma in management from the Indian Institute of Management (1986), and a PhD in marketing from Northwestern University (1990). Research Activities: Analysis of household purchase behavior, pharmaceutical markets, and technology products.


Education: A bachelor’s degree in economics from Portland State University in Oregon (1980); a master’s degree (1981) and a PhD (1986), both in economics, from Brown University. Research Activities: Employment outcomes, worker mobility, job loss, business dynamics, economic fluctuations, national economic performance, public policy, and other topics.

Jean-Pierre Dubé Sigmund E. Edelstone Professor of Marketing and Robert King Steel Faculty Fellow Education: A bachelor’s degree from the University of Toronto in quantitative methods in economics (1995), a master’s degree in economics (1996), and a PhD (2000) from Northwestern University.


Research Activities: Empirical industrial organization, dynamic oligopoly, competitive advertising, competitive pricing, retail competition, price discrimination, internet marketing, and the role of dynamics in the strategies of competing firms.

Nicholas Epley John Templeton Keller Professor of Behavioral Science and Neubauer Family Faculty Fellow Education: A bachelor’s degree in psychology and philosophy from Saint Olaf College (1996) and a PhD in psychology from Cornell University (2001), where he earned a graduate teaching award from the Department of Psychology as well as a Cornell University teaching fellowship. Research Activities: Experimental study of social cognition, perspective taking, and intuitive human judgment.

Luis Garicano Visiting Professor of Economics Education: A bachelor’s degree in economics (1990) and a bachelor’s degree in law (1991), both from Universidad de Valladolid in Spain; a master’s degree in European economic studies from the College of Europe in Belgium (1992); and a master’s degree in economics (1995) and a PhD in economics (1998), both from the University of Chicago. Research Activities: The interactions between internal firm choices and changes in the economy as a whole.

Michael J. Gibbs Clinical Professor of Economics Education: A bachelor’s degree, a master’s degree, and a PhD in economics, all from the University of Chicago. Research Activities: Personnel economics; economics of organization; and incentive compensation.

Linda E. Ginzel Clinical Professor of Managerial Psychology Education: A bachelor’s degree in psychology from the University of Colorado (1984); a master’s degree (1986) and a PhD (1989) in social psychology from Princeton University. Research Activities: Social cognition and interpersonal perception, the social psychology of organizational behavior, ethical leadership, management education, and executive development.

Reid Hastie Robert S. Hamada Professor of Behavioral Science Education: A bachelor’s degree in psychology from Stanford University (1968), a master’s degree in psychology from the University of California at San Diego (1970), and a PhD in psychology from Yale University (1973). Research Activities: Judgment and decision making, memory and cognition, and social psychology.

Günter J. Hitsch

Robert H. Gertner

Professor of Marketing

Joel F. Gemunder Professor of Strategy and Finance

Education: An undergraduate degree from the University of Vienna (1995); master’s degrees in economics (1997 and 1998) and a PhD in economics (2001), all from Yale. Research Activities: Quantitative marketing and industrial organization; empirical models of consumer choice and competition; the economics and marketing of new products; and the economics of dating and marriage markets.

Education: A bachelor’s degree summa cum laude in economics from Princeton University (1981) and a PhD from the Massachusetts Institute of Technology (1986). Research Activities: Industrial organization; resource allocation and decision making in organizations; corporate investment; law and economics; strategic pricing; strategic investment decisions; the effects of specialization, communication, and incentives on economic decision making in organizations; capital allocation processes in organizations; and organizational decision making under ambiguity.



Christopher K. Hsee Theodore O. Yntema Professor of Behavioral Science and Marketing Education: A bachelor’s degree from the University of Hawaii (1989) and a PhD from Yale University (1993). Research Activities: The interplay between psychology and economics, happiness, marketing, and cross-cultural psychology.

John Huizinga Walter David “Bud” Fackler Distinguished Service Professor of Economics Education: Two bachelor’s degrees cum laude in economics and in math, both from Pomona College (1976), and a PhD in economics from MIT (1980). Research Activities: Empirical studies in macroeconomics and finance, both domestic and international; and econometric theory.

Scott F. Meadow

John P. and Lillian A. Gould Professor of Accounting Education: A bachelor’s degree in economics with first-class honors in accounting and finance from Macquarie University in Sydney, Australia (1985), and a master’s degree (1988) and PhD (1989) in applied economics: accounting and finance, from the University of Rochester. Research Activities: Corporate disclosure practices, corporate financial reporting, and corporate finance, with a focus on payout policy.

Leonard C. Soffer Clinical Associate Professor of Accounting Education: A bachelor’s degree in accountancy from the University of Illinois at Urbana-Champaign (1977), an MBA in finance from Northwestern University (1981), and a PhD in accounting from the University of California at Berkeley (1991). Research Activities: Corporate valuation, capital markets, and accounting information.

Clinical Professor of Entrepreneurship

Lars Stole

Education: A bachelor’s degree magna cum laude from Harvard College and an MBA from Harvard Business School. Research Activities: Venture capital; and private equity.

Eli B. and Harriet B. Williams Professor of Economics

Tobias J. Moskowitz Fama Family Professor of Finance Education: A bachelor’s degree in industrial management and industrial engineering from Purdue University (1993), a master’s degree in management from Purdue University (1994), and a PhD in finance from the University of California at Los Angeles (1998). Research Activities: Asset pricing, portfolio choice, risk sharing, market efficiency, real estate markets and finance, and empirical corporate finance.

Kevin Francis Rock Clinical Professor of Finance Education: A bachelor’s degree from Harvard University (1974); a master’s degree (1981), and a PhD (1982), both from the University of Chicago. Research Activities: Corporate valuation, capital markets, and accounting information.


Douglas J. Skinner

Education: A bachelor’s degree from the University of Illinois (1985), a master’s degree from the London School of Economics (1986), and a PhD in economics from MIT (1991). Research Activities: Economics of contracts and organizations, industrial organization, informational economics, price discrimination, and intra-organizational resource allocation.

George Wu Professor of Behavioral Science Education: A bachelor’s degree cum laude in applied mathematics with a concentration in decision and control (1985), a master’s degree in applied mathematics (1987), and a PhD in decision sciences (1991), all from Harvard University. Research Activities: Decision making under risk and uncertainty, and behavioral decision making.


RESEARCH CENTERS Chicago Booth is famous for ground-breaking 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, hosting talks and events, and sponsoring scholarships and internships, the centers also are valuable resources 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. Applied Theory Initiative The Applied Theory Initiative brings together faculty from a variety of disciplines including accounting, behavioral science, economics, finance, marketing, operations, and political science whose research makes use of similar theoretical tools in optimization, incentives, price theory, and game theory. Becker Friedman Institute for Research in Economics A premier destination for scholars around the world, the Becker Friedman Institute for Research in Economics supports inquiry on central questions of economic and social significance in the University of Chicago’s rigorous intellectual tradition. 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.

Chicago Energy Initiative The Chicago Energy Initiative is an interdisciplinary research program devoted to the study of the economic, environmental, and geopolitical impacts of energy use. 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.

Center for Research in Security Prices Recognized as the leading source of the most comprehensive and accurate US historical databases available, CRSP is an integral part of the academic and corporate worlds of economic and financial research.



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 the career development process. We help students through each phase of career development: assessing themselves and the market, planning and preparing for career advancement, and implementing their career plans.

Assess Career Services supports students, individually and in groups, with assessing their values, goals, and career interests, thus allowing them to successfully differentiate themselves. Initial Career Assessment Conversations The Career Services team works to meet with each incoming executive MBA student. These initial conversations focus on understanding the student’s professional aspirations, connecting the student with the most relevant offerings, and establishing a personal connection. Fisher Career Resource Center (CRC) The Fisher Career Resource Center, located at Gleacher Center in Chicago, maintains a virtual collection of electronic career and job-related resources. Students and alumni can use the computer stations at Gleacher Center, as well as in London and Singapore, to access the wealth of online resources featuring company information, industry data, job opportunities, and news. Many of the online resources are also accessible remotely. Print collections, including career-related books and periodicals, are available at the three campuses.

Plan Function and Industry Knowledge Through a series of group sessions, Chicago Booth alumni and corporate friends return to campus as senior marketers, consultants, general managers, investment managers, and strategic planners to provide insight and guidance on career advancement.


Career Services also co-sponsors many other events to assist students with gaining functional and industry knowledge, including hosting speakers from a variety of organizations, networking events with company representatives, and educational workshops on various industries. 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.

Prepare 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 are also available. A virtual mock interviewing program and story review sessions allow students to develop skills in these areas before testing them in the marketplace.


Implement Job Postings Career Services is actively engaged in employer outreach and development. Thousands of jobs are posted annually—jobs that span a wide variety of functions, industries, levels, and geographies, and from both direct-hire companies and executive search firms. Through the Chicago Booth Global Talent Solutions system, students and alumni can filter jobs and set up customized search agents and alerts. Chicago Booth Resume Database for Alumni and Part-Time Students Alumni and executive MBA students are eligible to participate in Chicago Booth’s online resume database and resume referral service, which are actively marketed to our global network of corporate partners and search firms, connecting Chicago Booth talent with hiring managers and recruiters. Industry Networking Events Industry Networking Events connect corporate representatives, alumni, and students from a variety of industries, including consulting, investment management, high technology, energy, health care, green technology, and banking. On all three campuses, these events bring together industry talent and expertise and provide a forum to develop industry knowledge.



ALUMNI LEADERS Wherever you go from here, you’ll find a vibrant Chicago Booth network. Our faculty travel the world sharing Chicago Booth thinking through Global Leadership Series and Business Forecast. With permanent campuses on three continents and more than 46,000 alumni in 116 countries, your network is as broad as your outreach. Our alumni hail from every industry and inhabitable continent. And they’re active with Booth. They engage in admissions events, student treks, roundtable discussions, and Chicago Conversations. These men and women are among some of the most accomplished leaders in business. More than 5,200 Chicago Booth alumni are business owners, CEOs, or top officers in firms worldwide. They represent the best of the business world. Their Chicago Booth MBA prepared them to think through unique problems, make decisions, and lead. At right are examples of what a few Chicago Booth alumni are doing with their degrees. Imagine what you could do with yours.

Bill Osborne, ’01


Oak Brook, Illinois, USA BEFORE CHICAGO BOOTH: Plant manager, Ford Motor Company TODAY: Vice president of custom products, Navistar Inc. “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, Danish Transport & Logistics “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 Holding, LLC “I had experienced a few disastrous investments. However, at Chicago Booth we were told we’d emerge being able to sit at any board of directors table. And we did.”



Eng-Sing Soon, ’08


Erwin Rezelman, ’03


Hong Kong

São Leopoldo, Brazil

BEFORE CHICAGO BOOTH: Assistant VP, OCBC Bank TODAY: Executive director, Goldman Sachs

BEFORE CHICAGO BOOTH: Director, SAP Labs Tokyo TODAY: President, SAP Labs Latin America

“Booth provided the same rigors I was facing in the extremely competitive and challenging financial industry. At the same time, it provided an environment for me to test my judgment and ideas, with very minimum downside risks.”

David Hart, ’97


“Booth 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


Frankfurt, Germany

Washington DC, USA

BEFORE CHICAGO BOOTH: Business editor, FAZ (Frankfurter Allgemeine Zeitung) TODAY: Managing director, Communication Solution GmbH

BEFORE CHICAGO BOOTH: Vice president International; Amoco Foundation, Inc. TODAY: Vice president, global public policy; Kraft Foods, Inc.

“Booth’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


“Although I was interacting with US 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


Des Plaines, Illinois, USA


BEFORE CHICAGO BOOTH: Engineer, UOP TODAY: Retired president and CEO, UOP LLC

BEFORE CHICAGO BOOTH: Executive recruiter, A. T. Kearney TODAY: Partner, Heidrick & Struggles

“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.”

“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.”



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 ground-breaking 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 n n n n n n n


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 to have a Nobel laureate on its faculty (1982) FIRST 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 US business school with permanent campuses on three continents: Asia (Singapore), Europe (London), and North America (Chicago)

Chicago The North America campus is Gleacher Center, a state-ofthe-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 resides in Woolgate Exchange 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 129-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. Five million Chinese, Malays, Indians, and Eurasians call this island their home.




Gleacher Center


Woolgate Exchange


House of Tan Yeok Nee



In the past six years, Executive MBA Program participants have represented the fol lowing countries and areas through their citizenship and/or residency:









South Africa




South Korea








Sri Lanka


Hong Kong













New Zealand

















Trinidad & Tobago


Ivory Coast














United Arab Emirates




United Kingdom

Costa Rica



United States





Czech Republic






Saudi Arabia













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 2010: A1 GROUP Accenture Services Pvt Ltd Aeroporti di Roma S.p.A. Aetna Inc. Africa Finance Corporation Alcatel-Lucent American Express ArcelorMittal AREVA NP GmbH Astellas Pharmaceuticals AstraZeneca AT&T Bank of America Merrill Lynch Bank of Montreal Barclays Capital BHP Billiton BNP Paribas Assurance Boise Inc. Bosch Group British Petroleum (BP) British Telecom Singapore Pte Ltd Cable&Wireless Worldwide Career Education Corporation Carrefour Chem-Flow Incorporated China MinSheng Banking Corp., Ltd Cisco Citigroup Colliers International CREDIT AGRICOLE CIB Credit Suisse Deere & Company

Dell Inc. Deloitte LLP Delphi Automotive Systems DHL Diageo The Dow Chemical Company Ernst & Young LLP ESSELTE Exelon Corporation Fairmont Raffles Hotels International Far East Organization Fugro Geodetic Malaysia Sdn. Bhd Gallup General Dynamics GE Harris Bank Hewlett Packard Hill Holliday Hong Kong Shanghai Bank Corporation IBM Infosys Technologies Limited ING DIRECT Ingersoll Rand InterCall International Data Corporation International Finance Corporation (World Bank Group) Invesco Italfondiario S.p.A. JP Morgan Chase Bank Korea Exchange Bank

KPMG Maccine Pte Ltd Macquarie Group Marina Bay Sands Marsh Microsoft Corporation Millicom International Cellular S.A. Mitsubishi Corporation Mizuho Corporate Bank Motorola Murex NestlĂŠ Treasury Centre Asia Pacific Pte Ltd Nobel NC Co., Ltd NOKIA Northern Trust NorthShore University HealthSystem Novell Inc. OCBC Bank Oracle OSRAM GmbH PepsiCo PerkinElmer Instrument Shanghai Co., Ltd Petronas Lubricant International Pictet Funds S.A. PPM America Premier Farnell plc PricewaterhouseCoopers PT. Toyota Motor Manufacturing Indonesia Ramboll Group A/S

Renault SAS Roche Diagnostics Norway Roche Products Ltd Roland Berger Strategy Consultants SAIB BNP Paribas Asset Management Co. Sal. Oppenheim Jr. & Cie KGaA SAP Sapient Corporation SCHOTT Italvetro S.p.A. Sears Holdings SHELL Shell E&P Co. Siemens Building Technologies Pvt Limited Singapore Food Industries Standard Chartered Bank Swicorp Turano Baking Company Unilever Deutschland GmbH UOP UPS Vattenfall Europe Verizon Verizon Business W. W. Grainger Walgreen Co. Wellspring William Blair & Company Wm. Wrigley Jr. Company Zurcher Kantonalbank



ENGAGE WITH US 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 virtual and in-person engagement opportunities, including:

Virtual Chicago Booth Connect


Register on our website and get your own personal homepage, which delivers the latest announcements and events as well as news and features tailored to your interests.

Read the Executive MBA Program blog, EMBA Evolution, at for Executive MBA Program news, trends, and issues.


Booth XPerts

Our online chats are designed for you to get your specific questions answered on different topics surrounding the Executive MBA Program. Depending on the topic, you will have an opportunity to interact with the staff, current students, and/or alumni of the program.

The Booth XPerts webinar series is an opportunity for you to engage with other members of the Booth community outside of the admissions team. Past topics have included rankings, the ROI of an MBA, Career Services, and Booth faculty culture.


Facebook Join our “Considering Booth” page on Facebook for admissions-related news and events.


View videos on the “Considering Booth” YouTube channel at


In-Person Information Sessions

Chicago Campus Visits

Held in cities around the globe, Information Sessions bring Chicago Booth to you. Meet with admissions staff and alumni and find out what makes Chicago Booth unique.

You’re invited to visit Gleacher Center, home to Chicago Booth’s Executive MBA Program North America. On your visit, you can sit in during a class to meet and experience firsthand the brilliant minds of our distinguished faculty. You will also have an opportunity to meet current students and staff to learn more about Chicago Booth.

Chicago Booth Road Shows

These events are held in different cities across the United States and are hosted jointly with the Evening MBA Program and Weekend MBA Program. Interested candidates will learn more about all MBA programs offered at Chicago Booth, in addition to having an opportunity to meet Booth alumni and current students. EXPerience Days

The Executive MBA Program Europe (EXP) hosts EXPerience Days, where you’ll have the opportunity to meet the EXP class and find out what it is like to be a Chicago Booth executive MBA student. You will hear presentations from staff members, eat lunch with students, and have a real classroom experience.

London Campus Visits

You’re invited to visit the Woolgate Exchange Facility, centrally located in the City of London (financial district), where Chicago Booth’s Executive MBA Program is housed. You can meet with admissions staff to learn more about Chicago Booth and even attend a class to get a feel for the Chicago Booth experience. Singapore Campus Visits

You’re invited to visit the historic House of Tan Yeok Nee, where Chicago Booth’s Executive MBA Program in Singapore is located. You can meet our staff, current students, and alumni for refreshments and conversation about the Executive MBA Program Asia.



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




Investment Management


General Management








Investment Management


Health Care


Business Development






Commercial Banking


Company Finance/Accounting


Diversified Financial Services


Information Systems/Engineering




Commercial/Investment Banking


Computer-Related Services


Project Management


Auto & Other Transportation Equipment






Real Estate


Consumer Products




Advertising/Marketing Services






Other AS OF JUNE 2011


Total Students


Countries of Citizenship




Countries of Residence




Average Age

12 50

Average Years of Work Experience


Hold Advanced Degrees

Apply The Executive MBA Program admits approximately 90 students to each program location (Asia, Europe, North America) 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. We consider professional experience, previous educational experience, standardized test scores, recommendation letters, and essays to learn about an applicant’s abilities, activities, goals, and interest in attending our program. Refer to the application for specific requirements. Qualified applicants are then invited to interview with either an Executive MBA Program graduate or a member of the admissions staff. In short, the Admissions Committee tries to find a solid match between the applicant and Chicago Booth. Executive MBA Program Asia The University of Chicago Booth School of Business 101 Penang Road Singapore 238466

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

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




Telephone +65 6835.6482

Telephone +44 (0) 20.7070.2200

Telephone +1 312.464.8750

Every effort is made to ensure that the information contained in this publication is accurate as of the date of its printing [July 2011]. 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). ©2011 The University of Chicago Booth School of Business. All rights reserved. Produced by Chicago Booth Marketing. Principal photography: Chris Strong, Jacky Ho. 1610048/5.5K/SB-AG-JF/08-10 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 Asia The University of Chicago Booth School of Business 101 Penang Road Singapore 238466

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

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