International Master’s Programs fromSwitzerland’s Leading Business University

EFMD

Graduate School of Business, Economics, Law and Social Sciences

International Master’s Programmes from Switzerland’s Leading Business University • Banking and Finance • Strategy and International Management

• Quantitative Economics and Finance • International Affairs and Governance www.unisg.ch

1

University of St.Gallen (HSG): Degree Courses The Master’s Programmes of the University of St.Gallen are postgraduate programmes of a subsequent nature, i.e. only students holding a recognised Bachelor’s degree in the same or a similar major are admitted.

Students with a Licentiate’s or Master’s degree in a different major can also be admitted.

Undergraduate Studies leading to the degree of

Postgraduate Programmes leading to the degree of

Bachelor of Arts HSG (B.A. HSG) Business Administration Economics International Affairs Law Law and Economics

Programme language German German German German German

Master of Arts HSG (M.A. HSG) Information, Media and Technology Management Marketing, Services and Communication Management Accounting and Finance Banking and Finance Strategy and International Management Economics Quantitative Economics and Finance International Affairs and Governance Law Law and Economics Organization Studies and Cultural Theory*

German German German English English German English English or German German German German

* subject to final approval

Title page: Prof. Dr. Dirk Lehmkuhl, Ph.D. in a lively discussion with students of the Master’s in International Affairs and Governance during a seminar.

2

www.unisg.ch

Ph.D. Programmes Management (several areas of specialisation) Economics and Finance International Affairs and Political Economy Organization Studies and Cultural Theory Law

English or German English English or German English or German German

Executive School Full- and part-time MBA Several Executive MBAs

English English or German

This brochure focuses on the 4 English-language Master's Programmes.

Please consult our website for brochures and information about the other programmes.

www.unisg.ch

Table of Contents University of St.Gallen (HSG): Degree Courses

2

Welcome to the HSG

5

The University of St.Gallen (HSG)

6

Living in Switzerland

10

Living in St.Gallen

13

Master of Arts HSG in Banking and Finance

15

Master of Arts HSG in Strategy and International Management

21

Master of Arts HSG in Quantitative Economics and Finance

27

Master of Arts HSG in International Affairs and Governance

33

International Orientation

38

Double Degree Programmes

40

Student Commitment

45

Career Perspectives

47

Financial Information

50

Academic Calendar and Application Process

52

Rankings and Accreditations

54

www.unisg.ch

3

“Internationality, practical relevance and an integrative view have been characteristics of the HSG ever since its establishment more than a century ago.�

Professor Ernst Mohr, Ph.D. (second from left)

4

www.unisg.ch

Dear Candidate, Welcome to the University of St.Gallen (HSG)

It gives me great pleasure to introduce the University of

In Demand on the Labour Market

St.Gallen, also known as the HSG, in Switzerland to you.

The HSG is Switzerland's business university with the greatest

We are one of Europe’s leading Universities for business,

placing power. Graduates may expect top-level initial salaries.

economics, law and social sciences. Studies at our University

The University’s Career Services Center supports them in their

are characterised by the following features:

entry into the labour market.

Unique Academic Structure

Worldwide HSG Alumni Network

The academic structure at the University of St.Gallen meets

The HSG Alumni association consists of more than

the highest academic standards. Our aim is to foster both

19,000 members in 90 clubs on 4 continents.

the academic and the personal development of students by providing an education based on a humanist approach.

Student Commitment Students are organised in nearly 100 associations, initiatives,

Genuine Internationality

project teams and the Student Union.

The HSG is linked up with 150 partner universities worldwide and offers exchange and double degree programmes. At the

Rankings and Accreditations

same time, we are part of the CEMS, PIM and APSIA networks.

The HSG is constantly ranked amongst the top business

34% of students come from foreign countries, from a total of

universities in Europe. In the Financial Times Global Masters

80 nations worldwide.

in Management Ranking 2010 we are in 4th place with the Master in Strategy and International Management

Tuition Fees

and in 2nd place with the CEMS Master in International

Contrary to general opinion, tuition fees are rather low in

Management. In addition, the HSG has enhanced its reputation

Switzerland. Foreign students have to pay CHF 2,340 per year at

with the EQUIS and AACSB International accreditations.

the University of St.Gallen. These fees are so low because the lion's share of the actual costs (CHF 26,500 per year, per student)

This brochure will give you a more detailed insight into our

is defrayed by the Swiss Confederation and the cantons. In

University and our Master’s Programmes. I would be pleased

addition, the HSG benefits from numerous sponsorships thanks

if I could welcome you at the HSG soon.

to its good relations with trade and industry.

Professor Ernst Mohr, Ph.D. President of the University of St.Gallen (HSG)

www.unisg.ch

5

The University of St.Gallen (HSG)

The University of St.Gallen (HSG), Switzerland, was founded as

Contact Studies

a “Business Academy” in 1898—in the heyday of St.Gallen

Contact studies consist of lectures and seminars in small groups.

embroidery—and offered its first lectures in 1899. We continue

Students have to attend programme-specific compulsory

to pursue the goal of providing our more than 6,500 students

courses, core electives and independent electives. Independent

with a practice-oriented education, guided by an integrative

electives can be selected from the students’ own Master’s

view of business, economics, law and social sciences. With

programmes or from other programmes. Thus our students

success: the University of St.Gallen has constantly been ranked

have the opportunity to acquire additional knowledge in other

among the top business schools in Europe.

fields of interest.

Accreditations by EQUIS and AACSB International underline our

Independent Studies

commitment to a holistic curriculum that meets the highest

Independent studies are multimedia-supported and interactive,

academic standards. The HSG aims to develop students both in

and they reinforce students’ personal responsibility. In terms

professional and personal terms by providing them with an

of subject matter, they complement contact studies.

education along humanist lines.

Contextual Studies The Academic Structure

Contextual studies consist of courses in cultural awareness,

The HSG’s course structure consists of three pillars and

leadership skills and critical thinking, and they complement

three levels. The three levels stand for the Assessment Level,

specialised education with well-founded personality formation.

the Bachelor’s Level and the Master’s Level. Besides these three academic levels, courses consist of three didactic, subject-

Master's Thesis

related pillars of contact studies, independent studies and

To complete a Master's degree students must write a thesis

contextual studies.

worth 18 ECTS. The topics of the Master’s thesis may derive from any constituent of the Master’s degree courses.

With this model, the HSG satisfies the demands of society and the economy for graduates with intellectual flexibility

Research

and intercultural qualifications.

Research at the University of St.Gallen is centered around the 40 institutes and research centres, which are an integral part of the

6

www.unisg.ch

University. The directors of the institutes double as HSG professors.

International Management and in 2nd place with the CEMS

Bringing theory and practice together, the institutes provide an

Master in International Management. Additionally, the

important input for teaching at the University and play a significant

CHE Ranking awards good grades to the HSG, placing it in

role in furthering the careers of young academics. Our 80 tenured

the top group in German-speaking Europe. The HSG has

professors, 60 assistant professors and senior lecturers, more than

earned the EQUIS (2001) and AACSB (2003) accreditations

300 lecturers and 300 assistants and distinguished visiting

and consequently has obtained the two most demanding

professors cultivate the scientific discourse with our students.

international seals of approval for business schools. These two awards are evidence of the high standard of education, which is internationally recognised, as well as the HSG’s excellent quality of service on campus. www.quality.unisg.ch www.rankings.unisg.ch

Executive Education The institutes do not only stand for excellence in research, but offer consulting services and act as leading providers of executive education in German-speaking Europe. As such, the portfolio of study options is completed by a full- and parttime MBA and several Executive MBA programmes. www.es.unisg.ch

Campus The Campus of the University of St.Gallen (HSG) is situated

Rankings and Accreditations

on a hill on the outskirts of the City of St.Gallen. The town centre

In the Financial Times Ranking we are in 4th place among the

can be reached on foot in about 15 minutes. Our Campus offers

best universities worldwide with the Master in Strategy and

a beautiful view of the Alps and of Lake Constance.

www.unisg.ch

7

The Academic Structure at the University of St.Gallen (HSG) Three levels - three pillars (3x3)

Contact Studies

Independent Studies

Contextual Studies

Master's Programme (11 Programmes)

Master of Arts HSG M.A. HSG

Freshman Week

8

www.unisg.ch

Law

Economics

Cultural Awareness

Critical Thinking

Major & Core Subjects

Business Administration

Law or Mathematics

Electives

Law

Economics

Business Administration

Major & Core Subjects (5 Majors)

Leadership Skills

Master's Level (1.5–2 years)

Practical Experience Bachelor of Arts HSG B.A. HSG Bachelor's Level (2 years)

Assessment Level (1 year)

Secondary School Leaving Certificate

Mentoring Programme

Electives

Coaching Programme

Master's Programme (10 Programs)

Mentoring Programme

Ph.D. Programmes

The University of St.Gallen offers the latest facilities and services to support individual and collaborative learning, including web-based communication platforms and wireless LAN. The library contains around 460,000 books, 70,000 e-books, some 1,400 journals and some 16,000 e-journals. www.unisg.ch

9

Living in Switzerland

"The University of St.Gallen provides a setting which marries the promise of the future with the foundations of traditions - and an absolutely essential link between academic work and the practical world."

Kofi Annan Former UN Secretary General Freedom Prize of the Max Schmidheiny Foundation University of St.Gallen, 18 November 2006

As a federal republic with a system of direct democracy,

An increasingly large number of companies are moving their

Switzerland enjoys a high degree of political stability. Its position

European headquarters to Switzerland to take advantage of the

as a neutral country allows it to play an important humanitarian

favourable business and living environment.

role in world affairs and to act as a mediator between conflicting parties. Switzerland is the home of various international organisations such as the Red Cross (ICRC), the United Nations (UN) and the World Trade Organization (WTO).

Switzerland’s economy is based on a highly qualified labour force. The main areas include micro-, hi- and biotechnology and pharmaceuticals, as well as banking and insurance know-how.

Swiss companies are extremely competitive in world markets.

The best-known export items are watches, chocolate and cheese, but in fact mechanical and electrical engineering and chemicals together account for over half of Swiss export revenues.

Consultancy, banking, insurance and tourism are also a significant part of the export trade.

Political stability and a flourishing economy allow for a high

Switzerland’s international reputation as a research centre is beyond

standard of living (e.g. security, lifestyle and employability) at

dispute. The high standard of the two Swiss Federal Institutes of

affordable prices. Contrary to general opinion, the cost of living

Technology, of the 10 cantonal universities and of research institutes

is lower than in, say, London, Paris or Rome.

in Switzerland attracts many scientists and students from overseas.

10

www.unisg.ch

Facts about Switzerland • Population of 7.7 million (22% foreign nationals)

• Zurich has the world’s highest gross and net wage levels

• Surface area of 41,285 square kilometres

• Very low unemployment rate: 3.9% (September 2010)

• 4 national languages: German, French, Italian, Romansh

• Zurich scores second highest worldwide for quality of living

• One of the highest annual per capita GDPs worldwide:

• Most competitive economy in the world

USD 67,560 – current prices

Switzerland is Situated in the Heart of Europe

St.Gallen is situated in the German-speaking part of Switzerland, close to the German and Austrian borders. Zurich International Airport can be reached by train in an hour.

www.unisg.ch

11

View of the campus (front), the historic centre of St.Gallen and the Alpstein Mountains

Living in St.Gallen

St.Gallen offers its approximately 75,000 inhabitants a

Settling in St.Gallen - The Visa Process

historically valuable old town. The narrow streets with their

Most individuals who come to Switzerland to study must obtain

many shops, cosy restaurants and bars at every corner create

a visa prior to entering the country. It may take several months

an atmosphere you can’t help falling in love with. The Abbey

for a visa to be issued. For this reason, please contact the Swiss

District with the baroque cathedral and the Abbey Library

Embassy in your home country at an early stage to find out about

is a UNESCO World Heritage Site and thus of international

the relevant procedures.

significance. Further cultural highlights are provided by

www.eda.admin.ch

performances in the City Theatre, the Concert Hall, the St.Gallen Festivals, as well as by exhibitions in numerous museums.

One event that is particularly popular with many students is the St.Gallen Open Air, during which the Sitter Valley is transformed into Switzerland’s biggest tent city for three days.

There are many foreign restaurants in the area of St.Gallen: Chinese, Thai, Japanese, Mexican, Argentinian, Lebanese, Greek, Turkish, Indian, Spanish, Italian and American chefs are not the only ones by far to offer their countries’ specialties. In addition, foreign nationals often set up clubs and associations in order to cultivate their home country’s culture and language together. As a rule, they also sell local foodstuffs in shops of their own.

History

Accommodation

St.Gallen became affluent through the textile trade. Although

The University of St.Gallen does not offer on-campus housing.

textile production has since moved to other parts of the world,

Generally, students share a large apartment or rent a small one.

St.Gallen is still the centre for textile design and prototype

The Student Union has a housing market on its website. The

development. Once 90% of worldwide embroidery production

HSG’s International Exchange Service also offers a limited

was traded by St.Gallen’s merchants. The need for professional

number of rooms in a student residence against a brokerage fee.

education soon became evident. In 1898, St.Gallen merchants

Interested parties should contact the Exchange Office:

founded a commercial school: the University of St.Gallen

exchange@unisg.ch as early as possible.

was established.

www.myunisg.ch

www.unisg.ch

13

“The Master's in Banking and Finance is a great programme because it offers a broad range of lectures and seminars and because it allows us to design our individual curriculum according to our interests. The programme fosters the exchange between students, faculty, and financial institutions. This guarantees a focus of our lectures on the practitioners’ needs and leads to an optimal preparation for a professional career.“ Alex Simic

Switzerland, MBF

14

www.unisg.ch

Master’s Programme in Banking and Finance

With a challenging curriculum, the Master's in Banking and

This acknowledges that the MBF programme covers more than

Finance (MBF) is one of the leading international finance

70% of the Candidate Body of Knowledge for all three levels

programmes. In the fields of financial markets, financial

of the CFA programme. Additionally, this partnership allows us

institutions, corporate finance and quantitative finance, the

to award CFA fellowships each year to five outstanding MBF

programme offers high-quality education in both theory and

students entering the programme.

application. It is designed to train our students in the critical reflection of the different concepts and approaches used in

Curriculum: Contents and Structure

financial theory and practice.

The core studies comprise the compulsory courses and the core electives, including a research seminar and the Master's thesis. The

Educational Goals

MBF programme has been structured in such a way as to ensure that

The programme’s educational goals encompass three

students are able to acquire their basic knowledge in the compulsory

dimensions:

courses of the first semester. In the second and third semesters, our students select core electives according to their individual preferences

Functional Dimension

and thus determine the orientation of their studies themselves.

1. An understanding of the function and importance of financial intermediation in the context of the present

Compulsory Subjects

and future development of economic systems and its

The three demanding compulsory courses, Financial Markets,

integration in the social, legal and political sphere.

Financial Institutions, and Quantitative Methods, to be attended in the first semester, emphasise the holistic concept of the

Instrumental Dimension

programme.

2. Knowledge of the theory and application of financial markets, characteristics and implementation of modern

Core Electives

financial instruments, and the core functions of

In the second and third semester, students may design their

modern financial management.

individual curriculum according to their preferences and choose to focus on financial markets, corporate finance, institutions or

Institutional Dimension 3. Knowledge of the core functions of planning, steering

methods. Of course, our students are absolutely free to choose from our long list of core electives.

and supervision of financial institutions and their strategic business units.

Research Seminar In the research seminar, our students are required to write

CFA Program Partnership

a seminar paper with a research focus and have to present

The MBF programme is an official

their findings. Therefore, in combination with the Master’s

Program Partner of the CFA Institute.

thesis, the MBF provides a thorough preparation for a Ph.D.

www.mbf.unisg.ch 15 www.unisg.ch

Core Electives Markets

· · · · · · · · · · · · ·

Derivatives Advanced Derivatives Real Estate Finance Market Microstructure Institutional Asset Management Alternative Investments Energy Finance Pension Finance Fixed Income Instruments

Corporate Finance

· · · · · · · · ·

Corporate Finance and Governance

Institutions

·

Leveraged Buyouts Mergers and Acquisitions Corporate Valuation

Insurance Companies

· ·

Corporate Financial Management Business Forecasting Business Performance Management Tax Planning and Tax Accounting

Behavioural Finance Secondary Markets for Credit Risks Entrepreneurial Finance and Venture Capital

Financial Services Management

· · ·

· · ·

Computational Finance

·

Financial Modelling

· · · ·

Financial Risk Management

Topics in Private Banking and Wealth Management

Advanced Corporate Finance

International Finance

Asset Liability Management for

Methods

Financial Regulation and Risk Management

· · · · · ·

Topics in Investment Banking

·

Theory of Financial Intermediation

Financial Modelling Workshop: Asset Allocation

Bank Treasury Management Ethics of Financial Services

Financial Econometrics

Workshop: Derivatives Quantitative Risk Management Time Series Econometrics Microeconometrics

Banking Game Theory of Risk and Insurance Economics and Policy in Central Banks Pension Systems Cases in Financial Institutions Management

The core electives may be divided into four possible tracks: Markets, Corporate Finance, Institutions and Methods. These tracks should give the students some guidance for their individual course selection. However, our students are free to combine core electives from all the four tracks.

Independent Electives

Bankers guarantee an early contact with potential employers

Independent electives create additional choices: students

and support the MBF in many ways. Our industrial partners

may either attend further core electives of the MBF or

award fellowships for the best students entering the programme.

courses of other Master’s programmes. A third option is to

At the end of the programme they award prizes. Thanks to

attend courses of the Department of Management.

their ongoing support, the MBF invites visiting professors from internationally renowned universities on a regular basis. Doing

Industrial Partners

internships and collaborating with the financial industry when

The MBF encourages the exchange between students, faculty

writing the Master’s thesis is simplified thanks to the ‘Partners

and the financial industry. The 'Partners of the MBF' with

of the MBF’.

Credit Suisse Group, Bank Sarasin, UBS and Wegelin Private

16

www.mbf.unisg.ch www.unisg.ch

“At university, I was hardly able to imagine how much influence the MBF programme would have on my future.

The knowledge gained in lectures such as Derivative Instruments, Corporate Finance, Pension Finance and Financial Services Management affects essential parts of my daily business nowadays. I got convinced that the conceptual content of the lessons taught at the HSG is absolutely in step with actual practice. I am glad that I was able to enjoy such an effective education.”

Danielle Brassel, Switzerland European Bank for Reconstruction and Development, London

Career Perspectives The MBF guarantees a successful career start in the world

• Admission criteria for foreign nationals:

of banking, insurance, asset management, financial consulting,

international test (GMAT: a minimum of 650; or GRE:

or other areas related to finance. At the same time, the

a minimum of 740; or LSAT: a minimum of 161) or

rigorous and research-oriented approach ensures a thorough

admission test of the University of St.Gallen (available

preparation for further academic studies, especially a Ph.D.

in German only) • Proficiency in the English language

International Exchange Programmes MBF students are offered an opportunity to participate in

Variety Management

the following double degree and exchange programmes:

Special Variety Management criteria are applicable for students

• CEMS Master in International Management • Double degree programmes with ESADE, Barcelona, Spain; HEC, Paris, France; RSM Erasmus University, Rotterdam, Netherlands; Università Commerciale Luigi Bocconi, Milan, Italy; and FGV-EAESP, Fundaçao Getulio Vargas, São Paulo, Brazil • Exchange programmes with 150 partner universities worldwide

Admission Requirements • Recognised Bachelor’s degree in business administration,

from countries outside the European Union and the European Economic Area (EEA). If these criteria are fulfilled, students may be admitted with a minimum GMAT score of 600 points, a minimum GRE score of 700, or a minimum LSAT score of 156 points.

Please note that the admission criteria are subject to change.

Please consult our website for the latest admission criteria. www.admissions.unisg.ch www.mbf.unisg.ch For specific questions: admissions@unisg.ch

economics (or equivalent) or a recognised Master's or Licentiate’s degree in any academic field. www.mbf.unisg.ch 17 www.unisg.ch

Curriculum Compulsory Subjects

1 Research Seminar, e.g:

Financial Services Management Banking Game Financial Regulation and Supervision

Research Seminar Corporate Finance Research Seminar Finance Research Seminar Financial Services and Institutions Research Seminar Quantitative Finance Research Seminar Management of Insurance Companies

Leadership Skills

Critical Thinking and Cultural Awareness

2nd sem.

Examples:

Master’s Thesis

3rd sem.

27 ECTS

12 ECTS

18 ECTS

6 ECTS

12 ECTS

Derivative Instruments Computational Finance Behavioural Finance Management of Risk and Insurance Pension Finance

1st sem.

Contextual Studies

Independent Electives

Core Studies

Core Electives

Financial Markets Financial Institutions Quantitative Methods

15 ECTS

Credits

Profile

Schedule & Tuition

Class of 2010

Start: Students are expected to start the MBF in the Autumn

Class size: 189 (divided up into small groups of students) Average age: 24 Male / female ratio: 75% / 25% Nationalities represented: 26 International students: 54% Average GMAT: 660 points / GRE: 740 points Job offers before graduation: 2.2 Average starting wage: CHF 97,000* Average salary range: CHF 91,000 - CHF 115,000**

Semester (mid-September) because the compulsory subjects are scheduled for the Autumn Semester. They are crucial for students to acquire the necessary background for the wide variety of core electives.

Duration: 90 ECTS, average time to completion is 3 to 4 semesters (full-time programme) Tuition fees: CHF 1,170 per semester

*Average of all international Master's Programmes 2008 **Range of all international Master's Programmes 2008 (Source: HSG 2008)

18

www.mbf.unisg.ch www.unisg.ch

Exchange rate (Sept. 2010): CHF 1.00 = EUR 0.75 / CHF 1.00 = USD 0.98

Master’s Programme in Banking and Finance

Faculty

Contact

Prof. Dr. Manuel Ammann (Academic Director of the MBF)

For any questions regarding the contents and the structure

Prof. Dr. Walter Ackermann

of the Master's Programme in Banking and Finance, please contact:

Prof. Dr. Jörg Baumberger Prof. Dr. Beat Bernet Prof. Dr. Urs Bertschinger

Prof. Dr. Manuel Ammann Academic Director

Prof. Dr. Karl Frauendorfer Prof. Dr. Andreas Grünbichler Prof. Dr. Andreas Grüner Prof. Dr. Christian Keuschnigg Prof. Dr. Gebhard Kirchgässner

Dr. Rico von Wyss Executive Director

Prof. Matthias Lutz, D.Phil.

Prof. Dr. Hato Schmeiser Prof. Paul Söderlind, PhD Prof. Dr. Klaus Spremann Prof. Dr. Hans-Jürgen Wolter

Roman Frey MBF Assistant More information on our faculty members and their fields of research can be found on: www.alexandria.unisg.ch

University of St.Gallen (HSG) Swiss Institute of Banking and Finance Rosenbergstrasse 52 CH-9000 St.Gallen Switzerland Phone +41 (0)71 224 70 05 Fax +41 (0)71 224 70 88 E-Mail: mbf@unisg.ch www.mbf.unisg.ch

“The SIM programme offers much more than a degree. Behind these three letters lies a vast and breathtaking community, as well as new friendships and experiences. The programme offers a unique insight into diversity and interpersonal skills. Being part of the SIM programme is like becoming part of a large multicultural family.�

Lucy Jane Baumgartner United Kingdom, SIM

20

www.unisg.ch

Master’s Programme in Strategy and International Management

The mission of the Master’s Programme in Strategy and

SIM Advanced Management Courses (compulsory)

International Management (SIM) is to provide students with

These courses advance our students' knowledge in the functional

the advanced knowledge of general management necessary

areas of management. Students explore advanced theories and

for a successful career as respected and responsible managers,

concepts, and they examine managerial practice as well as engaging

entrepreneurs or business consultants. The programme offers

in scientific discussion. The prerequisite for this course type is a

an integrative and interdisciplinary approach, because only

well-founded knowledge in the given field at Bachelor's Level.

an approach of this nature is capable of conveying the ability to cope with the complex management challenges of our time.

SIM Integratives (core electives)

The aspiration to act independently of all interests and the

The SIM Integrative courses focus on subjects of widespread

commitment to upholding high ethical and academic standards

and current interest in the field of management. Multi-disciplinary

serve as the basis of the SIM.

perspectives are needed in order to be able to embrace these subjects and explore ways to successfully cope with the major

The SIM programme offers a graduate education in strategy and

management challenges of our time. The course lecturers are

international management. The programme builds upon the

practising researchers in their respective fields and bring both

disciplines of strategy, leadership, finance, marketing, organisa-

their practical and subject-related experiences into the classroom.

tional behaviour and international management. Advanced courses in these majors are complemented by so-called SIM

SIM International Project

Integratives, which explore major management challenges of our

Each student is required to engage in a challenging and

time by taking a holistic approach to the relevant management

international project (internship worth 6 ECTS) which has

disciplines. A carefully selected choice of SIM Integratives

to be independently defined, planned, initiated, successfully

addresses issues at the heart of a company's success.

completed and reflected upon.

The SIM curriculum unites the best of both worlds. It combines

SIM Diversity in Action

the academic rigour of a Master of Arts with the interactive

This course type entails various events, workshops and other

nature and practice-oriented approach found in leading MBA

formats to enable students to blend individual and collective

programmes. This demanding curriculum also reflects the

learning and development with socialising, networking and

confidence the programme has in its students' abilities and

honing intercultural competencies.

potential.

Placed 4th in the Financial Times Global Masters in Management Ranking 2010 ! www.sim.unisg.ch 21 www.unisg.ch

“Before I participated in the SIM double degree programme at the HSG in St.Gallen and at the Nanyang Business School Singapore, I graduated as an engineer from the Federal Institute of Technology in Zurich and worked in the consulting industry for two years. The SIM double degree programme was an excellent choice to pursue my Master's studies in a challenging and international environment. The insights I gained during my time in Asia are a great asset in today's business world.”

Daniel Dahinden, Switzerland Corporate Development Manager, Sulzer AG, Switzerland

Independent Electives

Educational partnerships provide SIM students with the

Students may choose from a range of different independent

following opportunities:

electives, offered both by the SIM programme and other Master's

• Double degree programme with the Nanyang Business School

programmes. Thus students have the opportunity to acquire

in Singapore. The Nanyang Business School is one of the top

additional knowledge of specific fields of interest. In the

business schools in Asia. It is committed to excellent teaching,

course of the three semesters, courses to the equivalent of

an innovative curriculum and quality research. It is the only

12 ECTS must be chosen.

business school in Singapore and the fifth in Asia to achieve full EQUIS accreditation. An exclusive double degree

Corporate Partnerships

programme provides our students with the unique

The SIM programme has close ties to the business world.

opportunity to gain both Asian and European perspectives

Internationally operating companies, which are among the

on business. Students simultaneously earn themselves an

leaders in their fields, support the SIM programme as corporate

MBA at the Nanyang Business School in Singapore and

sponsors, such as McKinsey & Company, Deloitte or Novo

a high-profile SIM Master's degree at the University of

Nordisk. This cooperation includes interactive workshops,

St.Gallen.

lectures and invitations to visit their offices as well as attractive

• CEMS Master in International Management

international internships.

• Double degree programmes with ESADE, Barcelona, Spain; HEC, Paris, France; RSM Erasmus University, Rotterdam,

International Exchange Programmes In addition to offering students an internationally oriented curriculum, we also enable them to experience foreign cultures and perspectives first hand.

22

www.sim.unisg.ch www.unisg.ch

Netherlands; Università Commerciale Luigi Bocconi, Milan, Italy; and FGV-EAESP, Fundaçao Getulio Vargas, São Paulo, Brazil • Exchange programmes with 150 partner universities worldwide

SIM Content Grid Marketing & Consumer Behaviour

The rigorous curriculum, which fosters academic excellence,

Research in Management

consumer goods industry, in the financial services sector,

Financial Management

positions in consultancy firms. Others start a career in the

Strategic Leadership

top international management positions. Many find interesting

International Management

problem-solving approach, optimally equips SIM students for

Strategic Management

intercultural and linguistic skills, as well as an interdisciplinary

Organisational Behaviour & Change

Career Perspectives

pharmaceuticals or in academia. Subject to a student’s grades, this Master’s degree will also enable him/her to pursue a promising academic career as it provides access to Ph.D. programmes.

Corporate Brand Management Corporate Strategy & Governance Corporate Entrepreneurship

• Recognised Bachelor’s degree in management, business

Mergers & Acquisitions

administration (or equivalent) or a recognised Master's

Professional Service Firms

or Licentiate’s degree in any academic field.

• Bachelor’s grade average • GMAT: a minimum of 650 points

Integratives

Admission Requirements

Alliance & Network Strategy

Organising for Sustained Corporate Growth Corporate Governance

• Proficiency in the English language • CV • Letter of motivation • Extracurricular activities

General Management Disciplines

The admission criteria may be subject to change. Please consult our website for the latest admission criteria.

Detailed information regarding admission criteria: www.admissions.unisg.ch www.sim.unisg.ch For specific questions: admissions@unisg.ch

www.sim.unisg.ch 23 www.unisg.ch

Curriculum Compulsory Subjects

Core Electives

Core Studies

8 ECTS Integrative 6 ECTS International Project 4 ECTS Diversity in Action

12 ECTS

18 ECTS

6 ECTS

Profile

Schedule & Tuition

Class of 2010

Start: Each Autumn Semester in September.

Critical Thinking and Cultural Awareness

Leadership Skills

24 ECTS

Credits

Master’s Thesis

Advanced Management Courses I Strategic Management International Management Strategic Leadership Financial Management Research in Management

Independent Electives

1st sem.

Advanced Management Courses II Marketing & Consumer Behaviour Organisational Behaviour & Change (choose 1)

SIM in Practice

Diversity in Action

2nd sem.

Integratives Alliance & Network Strategy Corporate Brand Management Corporate Strategy & Governance Corporate Entrepreneurship Mergers & Acquisitions Professional Service Firms Organising for Sustained Corporate Growth Corporate Governance (choose 2 out of 8)

SIM International Project

3rd sem.

Contextual Studies

12 ECTS

Class size: 40 students Average age: 25

Duration: 90 ECTS, average time to completion is 3 to 4

Male / Female: 66% / 34%

semesters (full-time programme)

Nationalities represented: 14 International students: 70%

Tuition fees: CHF 1,170 per semester

Average GMAT: 680 points Job offers before graduation: 2.6 Average starting wage: CHF 97,000* Average salary range: CHF 91,000 - CHF 115,000** *Average of all international Master's Programmes 2008 **Range of all international Master's Programmes 2008 (Source: HSG 2008)

24

www.sim.unisg.ch www.unisg.ch

Exchange rate (Sept. 2010): CHF 1.00 = EUR 0.75 / CHF 1.00 = USD 0.98

Master’s Programme in Strategy and International Management

Faculty

Contact

Dr. Omid Aschari, MBA

For any questions regarding the contents and the structure of

Prof. Dr. Heike Bruch

the Master's Programme in Strategy and International Management,

Prof. Steven Floyd, PhD

please contact:

Prof. Dr. Peter Gomez Prof. Dr. Martin Hilb

Prof. Dr. Günter Müller-Stewens Academic Director

Dr. Markus Kreutzer Prof. Dr. Christoph Lechner Dr. Markus Menz Prof. Dr. Günter Müller-Stewens Prof. Dr. Sven Reinecke Prof. Dr. Winfried Ruigrok

Dr. Omid Aschari, MBA Executive Director

Dr. Torsten Schmid Prof. Dr. Marcus Schoegel Prof. Dr. Chris Steyaert Prof. Dr. Thorsten Tomczak Dr. Thorsten Truijens Dr. Alexander Zimmermann

Odise Mattle, BSc Senior Assistant to Executive Director

More information on our faculty members and their fields of research can be found on: www.alexandria.unisg.ch

University of St.Gallen (HSG) Institute of Management Dufourstrasse 40a

Financial Times Ranking The SIM programme is ranked in 4th place in the Financial Times Global Masters in Management Ranking 2010.

Per criteria the SIM was ranked: • Number 1 for “value for money” • Number 1 for “aims achieved” • Number 3 for “placement success” • Number 3 for “weighted salary”

CH-9000 St.Gallen Switzerland Phone +41 (0)71 224 23 67 Fax +41 (0)71 224 23 55 E-Mail: sim@unisg.ch www.sim.unisg.ch

“I chose the MiQE/F programme because it uniquely combines quantitative methods with finance and other economic subjects.

Students benefit from close contact with an international faculty. When questions and new challenges arise, professors are always ready to help at short notice. People who are looking for an academically demanding programme in a familiar atmosphere will be in the right place.�

Audrius Mozuras Lithuania, MiQE/F

26

www.unisg.ch

Master’s Programme in Quantitative Economics and Finance

The Master’s Programme in Quantitative Economics and

We encourage our students to acquire practical experience and

Finance (MiQE/F) offers a high-quality graduate education in

to establish contacts for their future career start. For this reason

economic theory, finance, and quantitative methods. Apart

practice credits are awarded for qualified internships, which are

from a common set of core courses, our students select from a

credited to curricular courses.

larger menu of optional courses to specialise in economics, finance, or a combination of both.

Cooperation with LGT The LGT Group – The Wealth and Asset

The unique feature of the programme is to combine rigorous

Management Group owned by the

economic and finance theory with quantitative empirical

Princely House of Liechtenstein – has

methods to analyse and solve challenging practical problems

been a cooperation partner of the MiQE/F since autumn 2008.

in economics, finance and the private sector. Being equipped

Since 2009, a prize for the best MiQE/F degree result has been

with rigorous statistical and econometric methods and an

awarded every year by LGT. This award amounts to CHF 5,000.

expert knowledge of economics and finance, our graduates are

Furthermore, students may have the opportunity to do

uniquely positioned on the job market to successfully

internships at LGT, where they can earn practice credits.

compete for the most challenging career opportunities in science, the private sector and national and international

International Exchange Programmes

policy institutions.

The Master's Programme in Quantitative Economics and Finance recommends its students to study a semester abroad in the network

The curriculum consists of eight compulsory courses with

of partner universities and other schemes for student exchange:

three or four credits each, a menu of core and independent electives, and a variety of courses for contextual studies.

• The MiQE/F is part of the Quantitative Economics European

During the first semester students acquire basic methods

Network (QUEEN), a network of several universities that offer

and a theoretical knowledge of economics, finance and

Master’s programmes of sufficient depth and of high quality in

econometrics, as well as of mathematics and statistics. This

quantitative economics and/or finance. Our students will have

intensive first semester establishes a common basis for all

the opportunity to spend one semester in one of the other

the students with different backgrounds. The second semester

programmes. The first partner in this network is the English-

involves advanced application-oriented work and problem-

language programme Master of Quantitative Economics at the

solving in the student's field of specialisation. The third

Goethe University Frankfurt in Germany.

semester is devoted to writing the Master's thesis and applying

• CEMS Master in International Management

the acquired skills to explore a concrete research topic. There

• Double degree programmes with ESADE, Barcelona, Spain;

is some overlap with the courses offered in the Ph.D.

HEC, Paris, France; RSM Erasmus University, Rotterdam,

programme in Economics and Finance (PEF), which underlines

the Netherlands; and Università Commerciale Luigi Bocconi,

the high academic standard of the MiQE/F programme.

Milano, Italy

www.miqef.unisg.ch www.unisg.ch

27

• To extend the choice of courses, the University of St.Gallen

prepares participants for ambitious careers that require a

and the University of Constance (Germany) have agreed upon

good education in economics, finance and quantitative

cooperation at the Master's Level. MiQE/F students thus have

methods. The competitive advantage of MiQE/F graduates

the opportunity to choose certain courses from the Master's

on the job market is the combination of quantitative methods

Programme in International Economic Relations at the

and expert knowledge of economics and finance. The

University of Constance, and vice versa.

analysis of complex real world problems in international

• Exchange programmes with 150 partner universities worldwide

economic policy making, financial sector developments and private industry increasingly requires the use of rigorous quantitative and theoretical methods and thereby creates a rising demand for our alumni. In addition, MiQE/F is an ideal preparation for demanding Ph.D. programmes in Economics, Econometrics and/or Finance.

Reasons for Enrolling in the Master’s Programme in Quantitative Economics and Finance • Competitive advantage on the job market: because nowadays, good jobs for economists, in economics as well as in finance, require a profound knowledge of the methods of empirical research and analysis.

• Flexibility: make your own decision as to whether you want to specialise in Econometrics, Economics or Finance.

• Faculty: work with a comparatively young and internationally recognised faculty that is an active part of the scientific community.

Career Perspectives Graduates with an economics degree often lack an in-depth

• High educational standard: the MiQE/F adheres strictly to the highest international economic standards.

education and extensive training in quantitative methods,

• Benefit from small class sizes.

whereas mathematicians and statisticians often lack the

• International setting: work with students and lecturers

necessary background in economics or finance. MiQE/F

28

www.miqef.unisg.ch www.unisg.ch

from different countries all over the world and from

“What distinguishes MiQE/F most from other Master’s Programmes in economics is its focus on quantitative methods. MiQE/F provides students with sound analytical skills that are very essential in today’s working life.

In particular, students acquire the ability to understand what is actually behind the models commonly used for instance in the financial world. In my job in hedge fund selection it is important to fully grasp a variety of trading and investment styles; the rigorous multidisciplinary training has provided me with a good basis!”

Nicole Antoinette Büttner, Jamaica and Germany Investment Research Analyst, GeA multigestion, Paris

different cultural backgrounds. All lectures and

• Minimum GRE score of 740 points

examinations are in English.

• Proficiency in the English language

• Ph.D: a successful completion of MiQE/F will be an ideal preparation for our demanding Ph.D. programme in

Variety Management

Economics and Finance (PEF).

Special Variety Management criteria are applicable for students

• Student participation: faculty members and students often

from countries outside the European Union and the European

meet informally in order to discuss further improvements,

Economic Area (EEA). If these criteria are fulfilled, students

so students actually have the possibility of actively

may be admitted with a minimum GRE score of 700 points.

contributing to and participating in the development of the programme.

The admission criteria may be subject to change. Please consult our website for the latest admission criteria.

Admission Requirements • Recognised Bachelor’s degree in Economics (or equivalent) or a recognised Master's or Licentiate’s degree in any

www.admissions.unisg.ch www.miqef.unisg.ch For specific questions: admissions@unisg.ch

academic field.

www.miqef.unisg.ch www.unisg.ch

29

Curriculum Compulsory Subjects

Other core electives courses to the amount of 4 ECTS 1st sem.

Mathematics Statistics Advanced Macroeconomics I Advanced Microeconomics I Econometrics I Theory of Finance

30 ECTS

Credits

16 ECTS

8 ECTS

18 ECTS

6 ECTS

Critical Thinking and Cultural Awareness

Advanced Mathematics and Statistics Econometrics II

Leadership Skills

2nd sem.

Field Courses: Finance/Econometrics (2 of 4) • Quantitative Risk Management • Asset Pricing • Microeconometrics • Time Series Econometrics Economics (1 of 3) • Public Economics • Labour Economics • Industrial Organisation

Master’s Thesis

3rd sem.

Contextual Studies

Independent Electives

Core Studies

Core Electives

12 ECTS

Profile

Schedule & Tuition

Class of 2010

Start: Starting in September (Autumn Semester) is recommen-

Class size: 30

ded, but the programme can also be started in February

Average age: 24

(Spring Semester).

Male / female: 70% / 30% Nationalities represented: 7

Duration: 90 ECTS, average duration of studies is 3-4 semesters

International students: 50%

(full-time programme)

Average GRE: 760 points Job offers before graduation: 2.2

Tuition fees: CHF 1,170 per semester

Average starting wage: CHF 97,000* Average salary range: CHF 91,000 - CHF 115,000** *Average of all international Master's Programmes 2008 **Range of all international Master's Programmes 2008 (Source: HSG 2008)

30

www.miqef.unisg.ch www.unisg.ch

Exchange rate (Sept. 2010): CHF 1.00 = EUR 0.75 / CHF 1.00 = USD 0.98

Master’s Programme in Quantitative Economics and Finance

Faculty

Contact

Prof. Dr. Francesco Audrino

For any questions regarding the contents and the structure of

Prof. Dr. Stefan Bühler

the Master's Programme in Quantitative Economics and Finance,

Prof. Enrico De Giorgi, Ph.D.

please contact:

Dr. Eva Deuchert Prof. Simon J. Evenett, Ph.D. Prof. Dr. Matthias Fengler

Prof. Dr. Christian Keuschnigg Academic Director

Prof. Dr. Manfred Gärtner Dr. Philipp Guyer Prof. Dr. Christian Keuschnigg Prof. Dr. Gebhard Kirchgässner Prof. Dr. Martin Kolmar

Martina Flockerzi Executive Director

Prof. Dr. Michael Lechner Prof. Dr. Heinz Müller Prof. Paul Söderlind, Ph.D. Prof. Dr. Uwe Sunde

More information on our faculty members and their fields

University of St.Gallen (HSG)

of research can be found on:

Department of Economics

www.alexandria.unisg.ch

Varnbüelstrasse 19 CH-9000 St.Gallen Switzerland Phone +41 (0)71 224 23 25 Fax +41 (0)71 224 31 35 E-Mail: miqef@unisg.ch www.miqef.unisg.ch

“What I particularly like about the Master’s Programme in International Affairs and Governance is the linkage between theory and practice. We are able to cooperate with experts from international organisations, such as the World Bank or the WTO and gain insights into the problems and challenges of our future professional lives. This project work shows how important the integrative approach of the University of St.Gallen is since problems always have to be viewed from several perspectives.”

Cileia Rufino dos Santos Brazil, MIA

32

www.unisg.ch

Master's Programme in International Affairs and Governance

The Master of Arts in International Affairs and Governance

Linking theory to practice is a top priority in the MIA

(MIA) is designed for students who seek a professional career

programme. There are several ways of bringing theoretical

in business, government, non-profit organisations and

analysis to bear on the solution of distinctly practical problems.

international agencies. MIA graduates are trained as generalists

Our students participate in projects with experts from

and are skilled at integrating the specialist knowledge required

international organisations such as the World Bank or the World

to address today’s pressing political, economic, and social

Trade Organization (WTO). They may earn credits towards

problems. Combining interdisciplinary study with a result-

their final degree through internships in companies and in

oriented approach, the MIA programme prepares graduates for

public institutions. The University of St.Gallen has a long-

a world in which leaders and professionals must increasingly

standing commitment to provide its students with a rigorous

be able to work across borders, disciplines and sectors.

practical training so as to facilitate their smooth transition from university life to professional life as much as possible.

The MIA programme is based on an interdisciplinary curriculum that covers economics, political science, business

International Exchange Programmes

administration and law. Compulsory courses provide the

Double Degrees and other Programmes

conceptual foundations, research methods and in-depth

• The MIA offers students the possibility of participating in

knowledge needed for a thorough understanding of complex

attractive double degree programmes. Application is on a

international affairs issues. Core electives such as specific

competitive basis. At present, there are partnerships with the

courses, tutorials and practical projects enable students to

Institut d’Etudes Politiques (Sciences Po) in Paris, with The

choose and refine their areas of specialisation, thus developing

Fletcher School of Law and Diplomacy of Tufts University in

a professional portfolio of their own. Writing a Master’s thesis

Medford, Boston, and the Graduate School of International

permits students to concentrate on a research question in a

Studies of Yonsei University in Seoul, Korea. Further double

subject area of their choice.

degree programmes are in preparation.

• CEMS Master in International Management

Our programme is particularly strong in the fields of trade and

• Specific exchange programmes with: Lee Kuan Yew School of

development, peace and security, as well as democracy and

Public Policy, Singapore; School of International Relations,

governance. The curriculum skilfully merges St.Gallen’s proven

St. Petersburg State University; The Graduate Institute (HEID),

expertise in economics and business with the analytical study of practical issues pertaining to politics and society as a whole.

Geneva, Switzerland • Exchange programmes with 150 partner universities worldwide

www.mia.unisg.ch www.unisg.ch

33

“The MIA allowed me to come to terms with a variety of topics such as European integration, international trade, political theory and the reform of public institutions. The courses were very demanding and the instructors were stimulating and easily accessible. The joint diploma programme with Sciences Po afforded me the opportunity to spend a year in Paris. Finally, the MIA led to my obtaining a much sought after position in the private sector.”

Werner Schäfer, Germany International Consultant in Berlin and Ph.D. Student at the HSG

International partner: APSIA

Career Perspectives

The University of St.Gallen is a

The MIA programme opens the door to a great variety of careers

member of the Association of

in the public, private and non-profit sectors. For the past ten

Professional Schools of

years, our graduates have gone on to work in banking and

International Affairs (APSIA),

financial institutions, insurance companies, consulting firms and

which comprises thirty-four leading schools in the

other multinational corporations, federal, state and local

United States, Europe and Asia. APSIA promotes

governments, development agencies, international

excellence in professional graduate education

organisations and diplomacy, the media, political parties,

worldwide by sharing information and ideas among

NGOs, non-profit organisations, as well as universities and

member schools and the wider international affairs

research centres.

community. www.apsia.org

Moreover, the MIA programme prepares students for St.Gallen’s Ph.D. programme in International Affairs and Political Economy.

34

www.mia.unisg.ch www.unisg.ch

Admission Requirements • Recognised Bachelor’s degree in International Affairs (or equivalent) or a recognised Master's or Licentiate’s degree in any academic field • Admission criteria for foreign nationals: international test (GMAT: a minimum of 650; or GRE: a minimum of 740; or LSAT: a minimum of 161) or admission test of the University of St.Gallen (available in German only) • Proficiency in the English language • Letter of motivation • Reference letter by academics

Variety Management Special Variety Management criteria are applicable for students from countries outside the European Union and the European Economic Area (EEA). If these criteria are fulfilled, students may be admitted with a minimum GMAT score of 600 points, a minimum GRE score of 700, or a minimum LSAT score of 156 points.

The admission criteria may be subject to change. Please consult our website for the latest admission criteria. www.admissions.unisg.ch www.mia.unisg.ch For specific questions: admissions@unisg.ch

www.mia.unisg.ch www.unisg.ch

35

Curriculum Core Electives

Compulsory Subjects

Core Studies Tutorials

Development Cooperation Public Management World Bank Projects Public Affairs Management

1st sem.

Interdisciplinary Core Course Political Theory Research Methods International Business Regulation and Firm Strategy

Credits

27 ECTS

19 ECTS

8 ECTS

18 ECTS

6 ECTS

Critical Thinking and Cultural Awareness

Practical Projects

Leadership Skills

2nd sem.

The International Financial Architecture International Economic Policy Analysis WTO Seminar Applied Development Economics Economic Models of Growth and Development Climate Change, Trade and Competitiveness Foreign Policy Strategies Security Governance Asia-Pacific Security Global Communication and International Affairs Politics and the Media Foreign Policy and Democracy Private Actors in International Affairs Organisational Behaviour International Public Management

Master’s Thesis

Specific Courses (examples):

Classics and Major Works of: Political Science Economics Business Administration Public International Law

Independent Electives

3rd sem.

Contextual Studies

12 ECTS

Profile MIA

Schedule & Tuition

Class of 2010

Start: February (Spring Semester) or September (Autumn

Class size: 76 students

Semester)

Average age: 26 Male / female: 58% / 42%

Duration: 90 ECTS, average duration of study 3-4 semesters

Nationalities represented: 10

(full-time programme)

International students: 38% Average GMAT: 720 points

Tuition fees: CHF 1,170 per semester

Job offers before graduation: 1.9 Average starting wage: CHF 97,000* Average salary range: CHF 91,000 - CHF 115,000** *Average of all international Master's Programmes 2008 **Range of all international Master's Programmes 2008 (Source: HSG 2008)

36

www.mia.unisg.ch www.unisg.ch

Exchange rate (Sept. 2010): CHF 1.00 = EUR 0.75 / CHF 1.00 = USD 0.98

Master’s Programmes in International Affairs and Governance

Faculty

Contact

Prof. Daniele Caramani, Ph.D.

For any questions regarding the contents and the structure of

Prof. James W. Davis, Ph.D.

the Master's Programme in International Affairs and Governance

Prof. Simon Evenett, Ph.D.

(MIA), please contact:

Prof. Dr. Christoph Frei Prof. Dr. Dr. Roland Kley Prof. Dirk Lehmkuhl, Ph.D.

Prof. Dirk Lehmkuhl, Ph.D. Academic Director

Prof. Dr. Kerstin Odendahl Prof. Dr. Kuno Schedler

In addition, the MIA programme draws on a distinguished

Prof. Dr. Christoph Frei Academic Director

faculty of scholars from all the University’s departments as well as on practitioners and experts from international institutions and the private sector: Prof. Dr. Anne van Aaken; Prof. Dr. Jörg Baumberger; Prof. Dr. Thomas Eberle; Prof. Dr. Bernhard Ehrenzeller; Prof. Dr. Carsten Fink;

Dr. Daniela Engelmann Executive Director

PD Dr. Michael Graff; Prof. Dr. Heiner Hänggi; Dr. Urs Heierli; Prof.

Dr. Miriam Meckel; Prof. Dr. Philippe Mastronardi; Prof. Dr. Silvano Moeckli; Prof. Dr. Peter Moser; Prof. Dr. Isabella Proeller; Dr. Roland Scherer; Prof. Dr. h.c. Wolfgang Schürer; lic.rer.pol. Pietro Veglio, Prof.

Dr. Martin Kolmar, Prof. Dr. René Schaffhauser, Prof. Dr. A. Ziegler

University of St.Gallen (HSG) Master of Arts in International More information on our faculty members and their fields of research can be found on: www.alexandria.unisg.ch

Affairs and Governance (MIA) Varnbüelstrasse 19 CH-9000 St.Gallen Switzerland Phone +41 (0)71 224 31 33 E-Mail: mia@unisg.ch www.mia.unisg.ch

International Orientation

The University of St.Gallen (HSG) encourages and enables its students to supplement their academic curriculum with

International Exchange Terms Exchange Terms

international experience. Double degrees, exchange

All students at the University of St.Gallen have the opportunity

programmes, students from all over the world, an

to spend an exchange term at one of our 150 partner universities

international faculty, internationally orientated

worldwide.

curriculum and networks give students the opportunity to

www.exchange.unisg.ch

experience foreign cultures and perspectives at first hand.

International students and faculty:

Special Exchange for MIA Students Students of the Master’s in International Affairs and

• 34% of students come from 80 different nations

Governance can participate in special exchange programmes

• 48% of the faculty come from abroad

with the Lee Kuan Yew School of Public Policy, Singapore,

• selected visiting professors from various countries

the School of International Relations, St.Petersburg State

Networks:

University, and the Graduate Institute (HEID), Geneva.

• The Global Alliance in Management Education (CEMS)

Exchange in the QUEEN network

• Partnership in International Management (PIM)

The Master’s in Quantitative Economics and Finance is part of

• Association of Professional Schools of International Affairs (APSIA)

the Quantitative Economics European Network (QUEEN).

The HSG supports international networking with (a selection):

Students have the opportunity to spend one semester at a QUEEN partner university.

• Hubs in Singapore, São Paulo, Beijing • Asia Research Center • The Sino-Swiss Management Training Programme • Centro Latinoamericano-Suizo de la Universidad de San Gallen

38

www.unisg.ch

Summer Study Programme The HSG’s summer study programme “Doing Business in Europe – Finance & Strategy” is a 4-week intensive course offered in English. The programme is primarily targeted at undergraduate students in Business Administration and Economics at both partner and non-partner institutions. www.ssp.unisg.ch

International exchange programmes give students firsthand, personal experience in foreign countries.

In this photo, HSG student Christoph Schleiffer (right) and some other students visited the colonial village of Barichara during his exchange semester in Bogotà.

A Selection of Our Prestigious Partners AGSM MBA Programs, UNSW, Sydney, Australia

IESA, Caracas, Venezuela

R. Ivey School of Business, Toronto, Canada

Babson College, Boston, USA

IIM, Ahmedabad, India

Seoul National University, Seoul, South Korea

Beijing University, Beijing, China

IIM, Bangalore, India

Technológico de Monterrey, Monterrey, Mexico

CEIBS, Shanghai, China

Insper São Paulo, São Paulo, Brazil

Thammasat University, Bangkok, Thailand

Chinese University of Hong Kong, Hong Kong

Kellogg School of Management, Evanston, USA

Tsinghua University, Beijing, China

Columbia University, New York, USA

LSE, London, United Kingdom

Universidad de los Andes, Bogotá, Colombia

Cornell University, Ithaca, USA

Nanyang Technological University, Singapore

Universidad del Pacif ico, Lima, Peru

Duke University, Durham, USA

National Taiwan University, Taipei, Taiwan

Universidad San Andres, Buenos Aires, Argentina

Fudan University, Shanghai, China

National University of Singapore, Singapore

University of California, Los Angeles, USA

Fundaçao Getulio Vargas, São Paulo, Brazil

NYU Stern, New York, USA

Hitotsubashi University, Tokyo, Japan

Queen's University, Ontario, Canada

Universiti Sains Malaysia, Penang, Malaysia www.unisg.chSouth39 Wits Business School, Johannesburg, Africa

Double Degree Programmes

CEMS Master’s in International Management (CEMS MIM) CEMS – The Global Alliance in Management Education – is a

The attractive CEMS programme is suitable for outstanding

strategic alliance of the world’s leading business schools and

students who want to hone their high academic standards and

multinational companies. The University of St.Gallen (HSG)

professional skills, to enhance their ability to perform effectively

has been a member of CEMS since 1989.

in a fast-changing environment, to develop an empathy with

The global network of 27 world-class academic institutions

different cultures, values and behaviours and the willingness to

provides our students with an opportunity of obtaining the

take responsibility within society, as well as to make themselves

CEMS MIM in parallel with their Master’s programme.

fit for global leadership roles. The alliance of universities,

This double degree in a network of renowned management

corporate partners, CEMS students and alumni creates the best

schools and over 60 corporate partners has occupied a leading

conditions for this and for subsequent career opportunities.

position in the global FT Ranking for Master’s Programmes in Management for years.

The one-year CEMS Master’s in International Management (CEMS MIM) degree programme is exclusive to students

The flagship programme CEMS MIM is based on three

studying at CEMS partner universities. HSG students can apply

cornerstones: intellectual competencies, professional

for this double degree programme during the Autumn Semester.

competencies and practical competencies. These are provided by an exclusive one-year curriculum that consists of CEMS

www.cems.org

compulsory subjects in strategic and cross-cultural

www.cems.unisg.ch

management, CEMS electives, CEMS business projects, block

cems@unisg.ch

seminars and skill seminars. The students need to obtain a high level in management business communication in two foreign languages. A compulsory internship abroad and an exchange semester at a CEMS school conclude the programme.

40

www.unisg.ch

“CEMS MIM students are able to apply their knowledge in business projects with corporate partners.�

www.unisg.ch

41

Five of the top European business schools operate the DM2

Double Degree Programmes with APSIA Member Schools

double degree programme under the aegis of DAFME (Double

As a member of the Association of Professional Schools of

Degree Agreement for Management Education in Europe).

International Affairs (APSIA), the HSG is able to offer students

• ESADE, Barcelona

of the Master’s in International Affairs and Governance double

• HEC, Paris

degree programmes with the following universities:

• RSM Erasmus University, Rotterdam

• Institut d’Etudes Politiques (Sciences Po) in Paris, France

• Università Commerciale Luigi Bocconi, Milan

• The Fletcher School of Law and Diplomacy of Tufts

DM2 Double Degree Programme

• University of St.Gallen (HSG) More than 30 different Master’s programmes from all the universities are involved in this double degree programme.

University in Medford, Boston, USA • Graduate School of International Studies of Yonsei University in Seoul, Korea

This results in a wide variety of programme combinations for

MIA students spend one year at our partner university and

more extensive studies in the same or a similar major or for the

one year at the University of St.Gallen. The close cooperation

choice of an additional major. After 2–2.5 years of successful

between the two institutions and the mutual recognition of

studies, selected HSG students obtain two full Master’s

course work ensures students receive a high-quality education

degrees from leading European universities. DM2 graduates

with a genuine cross-border reach. After two years students

also enjoy the very best career opportunities and close links

will have obtained a Master's degree from each of the two

with both universities and their alumni organisations.

institutions.

(This offer is not available for MIA students) Further double degree programmes are in preparation. www.exchange.unisg.ch www.mia.unisg.ch mia@unisg.ch www.apsia.org www.exchange.unisg.ch

42

www.unisg.ch

FGV-EAESP Double Degree Programme Together with FGV-EAESP (Fundação Getulio Vargas, Escola de Administração de Empresas de São Paulo) we have put together a double degree programme that, after 2–2.5 years of studies, offers you a Master’s degree from the HSG as well as a second degree from the most renowned school of economics in Brazil. Students of the Master‘s Programmes in Strategy and International Management and in Banking and Finance are able to apply for this special double degree programme. www.exchange.unisg.ch

Our SIM and MBF students have the opportunity to apply for a double degree programme at the excellent FGV-EAESP in Brazil.

www.unisg.ch

43

Nanyang Double Degree Programme The students of the Master’s in Strategy and International Management can participate in a double degree programme with the Nanyang Business School in Singapore to obtain an MBA from the Nanyang Business School and a SIM Master’s degree from the University of St.Gallen. www.sim.unisg.ch www.ntu.edu.sg

44

www.unisg.ch

Student Commitment “I chose the University of St.Gallen (HSG) because it is one of Europe’s top business schools. This is shown by the various rankings and by the EQUIS and AACSB International accreditations. Also, I love Switzerland because of its landscape with mountains, lakes, historic towns and the snow in winter. Thanks to the HSG, I found a very rewarding job at a global company based in Switzerland.”

Yee Wen Yvonne Tay, Singapore Associate, Strategic Corporate Development, Swiss Re

The Student Union

entrepreneurial environment and the interfaces between

The Student Union is the official student representative body

business, politics and civil society.

at the HSG and the umbrella organisation of all the associations and initiatives. Its representatives and the students work towards the realisation of their ideas and contribute to the development of the University. The University supports such students’ efforts and, in particular, encourages them to assume personal responsibility. www.myunisg.ch

www.stgallen-symposium.org • The oikos Model WTO is an international event with 60 students simulating the regular WTO minister conferences. www.modelwto.org • More than 110 firms of international significance participate in the HSG TALENTS Conference and present themselves on the HSG Campus. www.hsgtalents.ch

Student Associations and Initiatives Nearly 100 student associations and initiatives contribute to a

Sport and Leisure Activities

rich and diverse university life. These associations range from

To keep body and mind in balance, the University provides a

international ones such as the Gateway to India, the Club

gym, weights rooms, football field, tennis, basketball and beach

Latinoamericano and the Cercle des Francophones to sports

volleyball court. The University’s attractive location between

associations like the Snow and Mountain Sports Association,

Lake Constance and the Alps makes St.Gallen an ideal setting

St.Gallen Sailing and the Aviation Group. But cultural

for all kinds of leisure activities, such as rock-climbing and

associations like ProArte, an orchestra and the HSG Big Band

sailing. The so-called “Three Ponds” are only a few minutes’

also contribute towards the wide variety of leisure opportunities.

walk from the city centre: the three small lakes on a hill on the outskirts of the city serve as public swimming pools in the

The University of St.Gallen's students also organise events of

summer and as ice rinks in cold winters. The Peter and Paul

international significance:

Wildlife Park is situated near the University and is popular with

• The annual St.Gallen Symposium is the world’s leading

students who want to go jogging and walking.

platform for dialogue on key issues in management, the www.unisg.ch

45

University of St.Gallen students enjoy taking advantage of the many outdoor sports activities in the Swiss Alps.

46

www.unisg.ch

Career Perspectives

“The St.Gallen Programmes will offer you an unprecedented proximity to practitioners. The University of St.Gallen has always maintained very close ties to the European business communities, enabling it to benefit fully from the prevalence and the expertise of the surrounding international companies.”

Dr. oec. HSG Josef Ackermann Chairman of the Management Board and the Group Executive Committee, Deutsche Bank, lic.oec. HSG, Dr. oec. HSG

Career Services Center (CSC-HSG) “Manage your career with us” It pays to plan your career early on. The clearer you are about your competencies, values, interests and goals, the more focused you can be when developing job ideas, researching job opportunities, making contacts, using various offers on campus and discussing your career-related questions with company representatives.

With its 3-tiered Career Management Programme, the Career Services Center supports you in different stages of your career planning – from taking stock of your career and doing research (Assess) to setting goals and applying for jobs (Act) to starting your job and further developing your career (Achieve).

Our Career Management Services at a glance • Career Counselling: one-on-one assistance on all topics of our Career Management Programme • Career Development Programme: HSG TALENTS Business Insights, seminars, workshops and training on career related topics • Recruiting Events: HSG TALENTS Conference, HSG TALENTS Recruiting Days.

• HSG TALENTS Online: CV publication, event sign-up, jobs and internship postings, company profiles, newsletter subscription • Application Guidebook: consolidated know-how and practical support for your career planning process • Career Library: Career Management literature Furthermore, we assist you with specific information about the work permit regulations in Switzerland for your respective nationality. While international students can work part-time during their studies, the regulation foresees a priority to Swiss and EU-nationals after graduation.

The Career Management Team would be glad to speak to you to move you closer to your career objectives.

Career Management International Students Career Services Center (CSC-HSG) University of St. Gallen (HSG) Dufourstrasse 50 CH-9000 St. Gallen Phone: +41 (0)71 224 39 51 E-Mail: csc@unisg.ch www.csc.unisg.ch

www.unisg.ch

47

The HSG TALENTS Conference is the University of St.Gallen’s official recruiting event, and as such one of the biggest in the German-speaking area. Our students are offered the excellent opportunity to establish contacts with more than 110 companies, to market themselves and to extend their network. www.hsgtalents.unisg.ch

48

www.unisg.ch

Labour Market • The labour market puts a premium on HSG degrees. On

Some of the HSG Alumni's Most Important Employers are:

average, graduates are able to choose from 2.2 job offers.

• Search for employment: more than 80% of graduates already have a job at the time of graduation.

• The average salary of the first permanent job for holders of a Master’s degree is CHF 95,000.

• The quota of HSG alumni in Swiss top management is outstanding. The HSG has the greatest placing power in Business Administration and is the runner-up with regard to Law. (Source: Master Graduate Survey, 2008, University of St.Gallen)

HSG Alumni HSG Alumni is the official organisation of former students of the University of St.Gallen. With more than 19,000 members and 90 Alumni Clubs on 4 continents, it is one of Europe’s leading associations of this type. It reinforces the alumni’s lifelong bonds with the University, as well as the networks among its members, by means of numerous events and information platforms. www.alumni.unisg.ch

Strength.

Performance.

Passion.

www.unisg.ch

49

Financial Information

What does it cost to study at the HSG?

upwards. In the fast-food outlets such as McDonald’s and kebab

Students’ living costs vary according to their lifestyles.

stands, menus are more favourably priced.

The Student Union bases its calculations on an annual budget of approximately CHF 24,000 per person.

Health Insurance Various items of information about moving to St.Gallen and

Tuition Fees

about health insurance schemes for foreign students can be

Studying at the University of St.Gallen costs about

found on the website of the City of St.Gallen. Students are

CHF 26,500 per year, per student. A student's annual

required to take out a Swiss health insurance unless the Swiss

contribution amounts to less than 10%. The large remainder

authorities accept their original one. Costs start at around

is defrayed by third parties in the form of sponsorship and by

CHF 100 per month.

the Confederation and the cantons. Students will still have to

www.stadt.sg.ch

pay the following tuition fees: • application fee: CHF 250

Travelling

• tuition fees per semester of a regular degree course:

In Switzerland, travelling by public transport is very convenient

CHF 1,170 (CHF 2,340 per year).

and is encouraged. Students are advised to obtain the Swiss Federal Railway halffare card in order to save 50% on all tickets.

Accommodation

It is available for CHF 150 and valid for one year.

Prices for accommodation vary greatly depending on location, size and furnishings. If students share an apartment, they can obtain a

Swiss Grants

single bedroom from CHF 450 upwards per month. Rents for small

Switzerland also offers grants to international students.

private studios range from CHF 650 upwards per month.

Interested parties should contact both the Swiss Embassy in their home country and Helen Obrist, the Federal Grant Officer

Food

of the University of St.Gallen at helen.obrist@unisg.ch.

A regular menu at the on-campus cafeteria costs about CHF 9.

Swiss Embassy:

Students can find all kinds of restaurants and snack bars in town. Regular lunch menus are priced from around CHF 15

50

www.unisg.ch

www.eda.admin.ch

www.studyfunding.unisg.ch

Scholarships and Loan Funds at the HSG

Please check our website and contact Nadine Ballmer, Head of

We have two different types of funds to help you finance your

the Advice Center for Study Funding for further information

studies. To ensure financially disadvantaged students are also able to study at the HSG, we have the Loan and Scholarship

on the above-mentioned or other options. www.studyfunding.unisg.ch

Fund. The fund offers scholarships and interest-free loans to

E-Mail: studyfunding@unisg.ch

students enrolled in the Bachelor’s or Master’s Level. The purpose is to support students in need. To be eligible to apply

Money-Earning Opportunities

for either form of aid, students must be enrolled for a

International students can apply to work 15 hours a week and

minimum of one semester.

full-time during the mid-term break. There are very few

The Starr International Foundation Scholarship Fund is set

formalities on the part of the government. The university and its

aside for highly talented foreign-language students with a

institutes are always looking for students to work on some

recognised foreign Bachelor’s degree who are completing a

project or do regular work. It is customary for a relatively high

Master's degree in one of the English-language programmes

percentage of students to work at the University.

(MBF, SIM, MIQE/F, MIA). Exceptional students are identified

Information for International Students can be found at: www.csc.unisg.ch

by the Advice Center for Study Funding and asked to hand in an application.

Expenses (CHF) Tuition Class Materials

Annual

Monthly

2,340

195

660

55

Rent (including utilities)

6,000

500

Health Insurance (compulsory)

1,200

100

Personal Liability and Home Insurance

480

40

Radio, TV, Telephone, Internet

1,200

100

Transport, Culture, Sport

3,000

250

Food

7,200

600

Miscellaneous (Household, Clothing)

2,820

235

24,900

2,075

Total Expenses (CHF)

Exchange rate (Sept. 2010): CHF 1.00 = EUR 0.75 / CHF 1.00 = USD 0.98

www.unisg.ch

51

Academic Calendar and Application Process

Autumn Semester

Spring Semester

Application Deadline

April 30

November 30

Start of Semester

Calendar week 38

Calendar week 8

Mid-semester Break

Calendar weeks 44/45

Calendar weeks 14/15

End of Semester

Calendar week 51

Calendar week 21

Exams

Calendar weeks 3–7

Calendar weeks 25–29

Application Process

2. If you are unsure that you satisfy the admission criteria for

Applicants will have to fill in an online form and send various

a degree course at the University of St.Gallen, please send

documents to the Admissions and Crediting Office of the

your certificates and an overview of your previous

University of St.Gallen. You can find the online form and all

subjects/majors to the Admissions and Crediting Office for

the necessary information under www.admissions.unisg.ch

a pre-check by E-Mail: admissions@unisg.ch. This Office

The online form can only be filled in during the application

will establish whether you possess the necessary academic

time windows.

background.

Application Time Frame: • to start in September (Autumn Semester): 1 February to 30 April of the current year • to start in February (Spring Semester): 1 September to 30 November of the preceding year

How to Apply for a Master's Degree Course 1. You will find all information pertaining to degree courses, admission criteria and deadlines on our website at www.unisg.ch. Please contact the administrative

3. If the Admissions and Crediting Office gives you a positive reply, you should sit an international test and possibly a language test if you have not done so already. You must submit the results of these tests by the end of the application deadline.

4. Apply online for the course in good time. During this process you will be told what documents you have to submit.

Prepare these documents, send them to us, and pay your application fee. Once you have done that, you have completed

directors of the programmes to receive direct information

the application for a degree course at the University of

about the contents of the courses.

St.Gallen. If your application is accepted, you may take up your studies at the beginning of the following semester.

52

www.unisg.ch

Education Fairs and Campus Visits The HSG takes part in various education fairs worldwide. We would appreciate meeting you at a fair and explaining more about the HSG. If you would like to get an idea of the University in person, you are cordially welcome to visit our Campus.

Please send an E-Mail to us at info@unisg.ch so that we can fix a date. www.fairs.unisg.ch

www.unisg.ch

53

Rankings and Accreditations

Financial Times Ranking

Accreditations

• Masters in Management:

The University of St.Gallen is committed to maintaining its high

• 4th place among the best business universities worldwide

with the Master in Strategy and International Management • 2nd place among the best business universities worldwide

standard of education, which is internationally recognised, as well as its excellent quality of service on campus - these two aspects are considered to be ongoing for the HSG. It is for this

with the CEMS Master in International Management

reason that the HSG has introduced comprehensive measures of

(CEMS-MIM)

quality assurance and development. It also subjects itself to the scrutiny of the highest international quality standards by

CHE Ranking

independent experts for the purpose of accreditations. Thus the

• Excellence Ranking Economics Master’s Programmes

HSG has earned the EQUIS (2001) and AACSB (2003)

• Business administration: top group in European,

accreditations and consequently has obtained the two most

German-speaking countries

demanding international seals of approval for business schools.

• Economics: top group in European, German-speaking countries • International relations: top group in European, German-speaking countries

EQUIS The European Quality Improvement System (EQUIS) is a seal of approval that has been awarded by the Foundation for Management Development (EFMD, Brussels) ever since 1997 to

Handelsblatt Ranking • Business research: 2nd place in European, German-speaking countries • Economics research: 8th place in European, German-speaking countries www.rankings.unisg.ch

institutions that meet its standards of quality. These standards include general criteria such as national ranking and resources, internationality and links to the business world.

AASCB The International Association to Advance Collegiate Schools of Business (AACSB International) was founded in 1916 as a special agency designed to advance B.A. and M.A. programmes. Besides leading American business schools, the best international business schools have also been granted accreditation since 1997. www.quality.unisg.ch

54

www.unisg.ch

Useful Weblinks Studying in Switzerland

www.swissuniversity.ch www.crus.ch

Federal Department of Foreign Affairs www.eda.admin.ch

Swiss Scholarships

This brochure contains information about the four English-language Master‘s Programmes of the University of St.Gallen (HSG). Please consult our website for information about the German-language Master‘s Programmes, as well for information about the Bachelor‘s Level, the Ph.D. Programmes and the Executive School. The relevant brochures can also be ordered on or downloaded from our website.

www.sbf.admin.ch

Information about Switzerland www.swissworld.org

Information about St.Gallen

© University of St.Gallen (HSG) 2010: The information in this publication is correct as of Sept.

2010, but the University of St.Gallen reserves the right to make changes affecting policies, fees, curricula, or any other matter announced in this publication without further notice. Editorial office: Marketing and Communication. Photos: Hannes Thalmann, University of St.Gallen.

www.st.gallen-bodensee.ch www.stadt.sg.ch

www.unisg.ch

55

General Questions University of St.Gallen (HSG) Office of Students’ Affairs Dufourstrasse 50 9000 St.Gallen Switzerland www.unisg.ch E-Mail: info@unisg.ch Phone: +41 (0)71 224 21 12

Questions Regarding Enrolment and Admission www.admissions.unisg.ch E-Mail: admissions@unisg.ch

International Exchange www.exchange.unisg.ch E-Mail: exchange@unisg.ch