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School of Management, Economics, Law, Social Sciences and International Affairs

Topranke d in th

e Finan cial T Ranki imes ng

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

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

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University of St.Gallen (HSG): Study Programmes 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

Title page: Prof. Dr. Christian Keuschnigg in a lively discussion with students of the Master’s in Economics and the Master’s in Quantitative Economics and Finance.

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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 Business Management Economics Quantitative Economics and Finance International Affairs and Governance Law Law and Economics Organization Studies and Cultural Theory

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

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 6 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): Study Programmes

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Welcome to the HSG

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The University of St.Gallen (HSG)

6

Living in Switzerland

10

Living in St.Gallen

13

Master of Arts HSG in Marketing, Services and Communication Management

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Master of Arts HSG in Banking and Finance

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Master of Arts HSG in Strategy and International Management

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Master of Arts HSG in Economics

33

Master of Arts HSG in Quantitative Economics and Finance

39

Master of Arts HSG in International Affairs and Governance

45

International Orientation

50

Double Degree Programmes

52

Student Commitment

57

Career Perspectives

59

Financial Information

62

Academic Calendar and Application Process

64

Rankings and Accreditations

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“Internationality, practical relevance and an integrative view have been characteristics of the HSG ever since its establishment more than a century ago.� Prof. Dr. Thomas Bieger, President (second from left)

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

It gives me great pleasure to introduce the University of

sponsorships thanks to its good relations with trade and

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

industry.

Our vision says: “As one of Europe’s leading business universities, we are recognised globally as a place for

In Demand on the Labour Market

thought leadership on current economic, business, and societal

The HSG is Switzerland’s business university with the greatest

matters and for the development of talent able to integrate

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

perspectives and act both entrepreneurially and responsibly.”

The University’s Career Services Center supports them in their

Accordingly, studies at the HSG have a specific profile:

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 100 clubs on 5 continents.

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

Rankings and Accreditations The HSG is constantly ranked amongst the top business

Sustainability and responsibility

universities in Europe. In the Financial Times Global Masters

Our students learn to think critically, make decisions

in Management Ranking 2011 we are in 1st place with

responsibly and act flexibly. With these skills and an

the Master in Strategy and International Management

integrative mind-set, they will be able to assume a lasting

and in 2nd place with the CEMS Master in International

and sustainable position of responsibility in society.

Management. Our Master in Banking and Finance is ranked 12th in the Financial Times Masters in Finance Ranking 2011.

Genuine Internationality

In addition, the HSG has enhanced its reputation with the

The HSG is linked up with 150 partner universities worldwide

EQUIS and AACSB International accreditations.

and offers exchange and double degree programmes. At the same time, we are part of the CEMS, PIM and APSIA networks.

This brochure will give you a more detailed insight into our

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

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

80 nations worldwide.

if I could welcome you at the HSG soon.

Tuition Fees Contrary to general opinion, tuition fees are rather low in Switzerland. The reason for this is because the lion’s share of the actual costs is subsidised by the Swiss Confederation and

Prof. Dr. Thomas Bieger

the cantons. In addition, the HSG benefits from numerous

President of the University of St.Gallen (HSG)

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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 7,000 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 management, economics, law, social sciences and

programmes or from other programmes. Thus our students

international affairs. With success: the University of St.Gallen

have the opportunity to acquire additional knowledge in other

has constantly been ranked among the top business schools

fields of interest.

in Europe.

Independent Studies Accreditations by EQUIS and AACSB International underline our

Independent studies are multimedia-supported and interactive,

commitment to a holistic curriculum that meets the highest

and they reinforce students’ personal responsibility. In terms

academic standards. The HSG aims to develop students both in

of subject matter, they complement contact studies.

professional and personal terms by providing them with an education along humanist lines.

Contextual Studies Contextual studies consist of courses in cultural awareness,

The Academic Structure

leadership skills and critical thinking, and they complement

The HSG’s course structure consists of three pillars and

specialised education with well-founded personality formation.

three levels. The three levels stand for the Assessment Level, the Bachelor’s Level and the Master’s Level. Besides these

Master’s Thesis

three academic levels, courses consist of three didactic, subject-

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

related pillars of contact studies, independent studies and

worth 18 ECTS. The topics of the Master’s thesis may derive

contextual studies.

from any constituent of the Master’s degree courses.

With this model, the HSG satisfies the demands of society

Research

and the economy for graduates with intellectual flexibility

Research at the University of St.Gallen is centered around the 40

and intercultural qualifications.

institutes and research centres, which are an integral part of the

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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. Our Master in Banking

important input for teaching at the University and play a significant

and Finance is ranked 12th in the Financial Times Masters in

role in furthering the careers of young academics. Our more than

Finance Ranking. Additionally, the CHE Ranking awards

80 tenured professors, 80 assistant professors and senior lecturers,

good grades to the HSG, placing it in the top group in

more than 400 lecturers and 400 assistants and distinguished

German-speaking Europe. The HSG has earned the EQUIS

visiting professors cultivate the scientific discourse with our

(2001) and AACSB (2003) accreditations and consequently has

students.

obtained the two most demanding 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 Global Masters in Management

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

Ranking we are in 1st place with the Master in Strategy and

a beautiful view of the Alps and of Lake Constance.

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

Contact Studies

Independent Studies

Contextual Studies

Master’s Programme (12 Programmes)

Master of Arts HSG M.A. HSG

Freshman Week

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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

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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.

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Facts about Switzerland • Population of 7.9 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: 2.8% (July 2011)

• 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.

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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 historically valuable old town. The narrow streets with their many shops, cosy restaurants and bars at every corner create an atmosphere you can’t help falling in love with. The Abbey District with the baroque cathedral and the Abbey Library is a UNESCO World Heritage Site and thus of international significance. Further cultural highlights are provided by 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 St.Gallen became affluent through the textile trade. Although textile production has since moved to other parts of the world, St.Gallen is still the centre for textile design and prototype development. Once 90% of worldwide embroidery production was traded by St.Gallen’s merchants. The need for professional education soon became evident. In 1898, St.Gallen merchants founded a commercial school: the University of St.Gallen was established.

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“I opted for the MSC because it far transcends classical marketing in terms of subject matter: various facets and professional areas of the marketing world are explained to us. This is often done in direct contact with Swiss and international companies. Project work and excursions create a friendly atmosphere which means that international students are quickly integrated.“ Roberto Fresard Chile, MSC

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Master’s Programme in Marketing, Services and Communication Management Objectives

the long term. The customer value approach is seminal and

Customer Value – the Goal of Sustainable Corporate Management

helps build a basis for the core question of corporate strategies:

In a globalised world, sustainable corporate value can only be

customers and markets?

created through convincing products and services for

what products and services should be provided to what

customers, who are the focus of attention. Marketing along

Subject-Matter and Structure

these lines concentrates on achieving the highest possible customer focus with the products and services. This

Marketing, Service Management and Communication and their Application Areas

integrative view, which transcends classical marketing, is what

On the one hand, our programme is based on the functions of

the Master’s in Marketing, Services and Communication

marketing, market research, service management and

Management (MSC) is committed to: the programme combines

communication; on the other hand, it provides students with an

all management disciplines that take their bearings from

insight into a great number of up-to-date application areas such

customers and unites them with the markets and business

as interactive marketing, sustainable products and services, the

models of topical industries. The knowledge and the wide-

marketing of innovations and automotive marketing, financial

ranging network of contacts with practice that are required for

services and insurance or SMEs, and life-cycle-oriented

this are provided by the eight institutes involved in the MSC.

corporate management.

This orientation provides our students with an integrated

The selection of application areas is constantly being updated

understanding of corporate management from a customer’s

and is intended to provide students with well-founded and

point of view and of a sustainable generation of customer

attractive access to practice and specific markets. One central

value.

element of our course programme is also constituted by partnerships and project work with companies.

The Customer Value Approach: Value for Customers and the Value of Customers

Partners

The customer value approach was developed by the faculty

The MSC encourages the exchange between students, institutes

members concerned in an elaborate joint research project.

and practice. In application projects, students work in small

It focuses on companies and institutions providing services

groups on real tasks set by a company or institute. The project

to customers.

partner remains the same throughout the three-term project

The problem solution for customers, their experience of the

period. This early and enduring contact with practice partners

products and services and thus the contribution to their

teaches students professional teamwork with business partners

satisfaction define the value that these products and services

and often leads to further cooperation between particular

have for customers. At the same time, however, companies

students/student groups for their Master’s thesis, individual

only take their bearings from customers who are valuable in

projects or job offers.

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“The MSC’s customer value approach calls on students to develop an integrative view of marketing. The nature of the knowledge that is communicated requires a combination of analytical and creative skills, a constant examination of the latest trends and social changes. This education provided me with an ideal preparation for my present activities as a consultant and entrepreneur. The HSG’s international atmosphere, which has put a firm imprint on my studies, is something that I continue to appreciate in the Alumni Network in Switzerland and the San Francisco Bay Area.” Fabio Duma, Switzerland/Italy Consultant Corporate & Business Development / Entrepreneur

International Exchange Programmes

• Faculty: in the MSC, you are taught by personalities who are

The Master’s Programme in Marketing, Services and

specialists in their respective fields. In addition, a sponsored

Communication Management (MSC) offers its students an

programme of visiting professors ensures that reputable

opportunity to take part in double degree and exchange programmes: • Exchange programmes with 150 partner universities worldwide

experts from all over the world teach in the MSC every year. • Appropriate Approach: the MSC’s innovative, integrative customer value approach and cooperation with internationally operating companies offer students from all

• CEMS Master’s in International Management

over the world a well-founded education for their future in

• DM2 double degree programmes

marketing.

Reasons for Enrolling in the MSC

Career Perspectives

• A Personal Note for your Studies: the MSC offers you a

MSC graduates have a wide range of qualifications and are

wide range of core electives that are constantly

prepared for attractive functions and professional fields

supplemented by topical subjects. By carefully selecting

such as:

your courses, you can provide your studies with a personal

• executive and specialist tasks directly related to the market,

note that will later help you to successfully position yourself

such as product management, marketing, market research,

on the labour market.

customer relations management and service quality

• Networking: the MSC offers you numerous opportunities during your studies to become acquainted with reputable

management; • communication jobs such as media work, journalism,

companies and establish valuable contacts. Students are part

management, public relations, advertising and

of several international research networks.

e-communication;

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Environment Diagnosis Market and Company Diagnosis Strategic Service and Customer Management

Service Production and Utilisation System Personnel System, Personnel Advantage, Resources

Service System, Provider Advantage

Configuration Commercialisation Competence

Customer Communication

Partner System Cooperation

Control

• tasks in public administration such as location marketing and

• Admission criteria for foreign nationals: international test

the configuration and management of customer-oriented

(GMAT; a minimum of 650, or GRE; a minimum of 740; or

administrative processes;

LSAT; a minimum of 161) or admission test of the University

• specialist functions in the relevant industries;

of St.Gallen (available in German only)

• corporate start-ups;

• Proficiency in the English language

• research and teaching at universities and universities of

• Supplementary work may be required

applied sciences. The admission criteria may be subject to change. Please consult

Admission Requirements • Recognised Bachelor’s degree in Management (or equivalent) or a recognised Master’s degree in any academic field.

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

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Curriculum Compulsory Courses

– Customer Value and Communication Management II – Applied Research Project II

Application Areas:

– Customer Value and Communication Management I – Consumer Behaviour and Market Research – Applied Research Project I

Application Areas:

1st sem.

– Customer Value in the Media and Communication Industry – Financial Services and Insurance – ...

– Channel Management – Automotive Marketing – Customer Value in Transportation – ...

30 ECTS

Credits

12 ECTS

12 ECTS

18 ECTS

Critical Thinking and Cultural Awareness

2nd sem.

Leadership Skills

– Applied Research Project III

Master’s Thesis

3rd sem.

Contextual Studies

Independent Electives

Core Studies

Core Electives

3–9

9–15

Total 18 ECTS

Profile

Schedule & Tuition

Class of 2013*

Start: February (Spring Semester) or September (Autumn

Class size: 130

Semester)

Average age: 25 Male / female: 55% / 45%

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

Nationalities represented: 9

full-time programme

International students: 15% Job offers before graduation: 2.2**

Tuition fees: CHF 1,170 per semester

Average starting wage: CHF 92,000**

(Tuition fees are subject to change. Please consult our website.)

*German speaking class only **Average of all Master’s Programmes 2009 (Source: HSG 2010)

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Exchange rate (Sept. 2011): CHF 1.00 = EUR 0.80 / CHF 1.00 = USD 1.10


Master’s Programme in Marketing, Services and Communication Management

Faculty

Contact

Prof. Dr. Walter Ackermann

For any questions regarding the contents and the structure of

Prof. Dr. Christian Belz

the Master’s Programme in Marketing, Services and

Prof. Dr. Pietro Beritelli

Communication Management, please contact:

Prof. Dr. Urs Fueglistaller Prof. Dr. Andreas Herrmann Prof. Dr. Christian Lässer

Prof. Dr. Sven Reinecke Academic Director

Prof. Dr. Peter Maas Prof. Dr. Miriam Meckel Prof. Dr. Sven Reinecke Prof. Dr. Thomas Rudolph Prof. Dr. Markus Schögel

Prof. Dr. Marcus Schögel Academic Director

Prof. Dr. Katarina Stanoevska Prof. Dr. Torsten Tomczak Prof. Dr. Thierry Volery Prof. Dr. Rolf Wüstenhagen

Prof. Dr. Pietro Beritelli Executive Director

More information on our faculty members and their fields

University of St.Gallen (HSG)

of research can be found on:

Institute of Marketing

www.alexandria.unisg.ch

Dufourstrasse 40a CH-9000 St.Gallen Switzerland Phone +41 (0)71 224 25 25 Fax +41 (0)71 224 25 36 E-Mail: msc@unisg.ch www.msc.unisg.ch


“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

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Master’s Programme in Banking and Finance

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

CFA Program Partnership

Finance (MBF) is one of the leading international finance

The MBF programme is an official Program

programmes. In the fields of financial markets, financial

Partner of the CFA Institute.

institutions, corporate finance and quantitative finance, the

This acknowledges that the MBF programme covers more than

programme offers high-quality education in both theory and

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

application. It is designed to train our students in the critical

of the CFA programme. Additionally, this partnership allows us

reflection of the different concepts and approaches used in

to award CFA fellowships each year to five outstanding MBF

financial theory and practice.

students entering the programme.

Educational Goals

Curriculum: Contents and Structure

The programme’s educational goals encompass three

The core studies comprise the compulsory courses and the core

dimensions:

electives, including a research seminar and the Master’s thesis. The MBF programme has been structured in such a way as to ensure that

Functional Dimension 1. An understanding of the function and importance of

students are able to acquire their basic knowledge in the compulsory courses of the first semester. In the second and third semesters, our

financial intermediation in the context of the present

students select core electives according to their individual preferences

and future development of economic systems and its

and thus determine the orientation of their studies themselves.

integration in the social, legal and political sphere.

Compulsory Subjects Instrumental Dimension 2. Knowledge of the theory and application of financial

The three demanding compulsory courses, Financial Markets, Financial Institutions, and Quantitative Methods, to be attended

markets, characteristics and implementation of modern

in the first semester, emphasise the integrative concept of the

financial instruments, and the core functions of

programme.

modern financial management.

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

In the second and third semester, students may design their individual curriculum according to their preferences and choose

and supervision of financial institutions and their

to focus on financial markets, corporate finance, institutions or

strategic business units.

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

Placed 12th in the Financial Times Global Masters in Finance Ranking 2011! www.mbf.unisg.ch 21 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

Ethics of Financial Services

· · · ·

Financial Risk Management

Financial Regulation Topics in Investment Banking

Financial Econometrics Financial Modelling Workshop: Asset Allocation

Bank Treasury Management

and Risk Management

· · · · · ·

· · ·

Topics in Private Banking and Wealth Management

Advanced Corporate Finance

International Finance

Asset Liability Management for

Methods

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.

Research Seminar

Industrial Partners

In the research seminar, our students are required to write

The MBF encourages the exchange between students, faculty

a seminar paper with a research focus and have to present

and the financial industry. The ’Partners of the MBF’ with Credit

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

Suisse Group, UBS and Wegelin Private Bankers guarantee an

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

early contact with potential employers and support the MBF in many ways. Our industrial partners award fellowships

Independent Electives

for the best students entering the programme. At the end of

Independent electives create additional choices: students

the programme they award prizes. Thanks to their ongoing

may either attend further core electives of the MBF or

support, the MBF invites visiting professors from internationally

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

renowned universities on a regular basis. Doing internships

attend courses of the Department of Management.

and collaborating with the financial industry when writing the Master’s thesis is simplified thanks to the ’Partners of the MBF’.

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“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

Admission Requirements

The MBF guarantees a successful career start in the world

• Recognised Bachelor’s degree in Management, Economics

of banking, insurance, asset management, financial consulting, or other areas related to finance. At the same time, the rigorous and research-oriented approach ensures a thorough preparation for further academic studies, especially a Ph.D.

(or equivalent) or a recognised Master’s degree in any academic field. • International test (GMAT a minimum of 680 points, GRE a minimum of 760 points) • Proficiency in the English language

International Exchange Programmes

• CV

MBF students are offered an opportunity to participate in

• Extracurricular activities

the following double degree and exchange programmes:

• Motivation letter

• CEMS Master’s 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

• The Bachelor’s grade average is also considered in the admissions decision • Supplementary work may be required The admission criteria may be 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

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Curriculum Compulsory Courses Core Studies 3rd sem.

Contextual Studies

15 ECTS

Credits

27 ECTS

18 ECTS

Critical Thinking and Cultural Awareness

12 ECTS

Leadership Skills

– Financial Markets – Financial Institutions – Quantitative Methods

– Advanced Derivatives – Commercial Banking – Financial Modelling Workshop: Derivatives – Derivatives – Institutional Asset Management – Corporate Finance – Financial Econometrics – Computational Finance –…

Master’s Thesis

Core Electives, e.g.:

2nd sem.

Independent Electives

1 Research Seminar, e.g:

– Research Seminar Corporate Finance – Research Seminar Finance – Research Seminar Financial Services and Institutions – Research Seminar Quantitative Finance – Research Seminar Financial Intermediation

1st sem.

Core Electives

3–9

9–15

Total 18 ECTS

Profile Schedule & Tuition Class of 2013 Class size: 246 (divided up into small groups of students)

Start: Each Autumn Semester in September.

Average age: 24 Male / female ratio: 79% / 21%

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

Nationalities represented: 33

semesters / full-time programme

International students: 51% Average GMAT: 716 points / GRE: 792 points

Tuition fees: CHF 1,170 per semester

Job offers before graduation: 2.2*

(Tuition fees are subject to change. Please consult our website.)

Average starting wage: CHF 92,000* *Average of all Master’s Programmes 2009 (Source: HSG 2010)

24

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

Exchange rate (Sept. 2011): CHF 1.00 = EUR 0.80 / CHF 1.00 = USD 1.10


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. Jörg Baumberger

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

Prof. Dr. Thomas Beschorner Prof. Dr. Martin Brown Prof. Dr. Karl Frauendorfer

Prof. Dr. Manuel Ammann Academic Director

Prof. Enrico De Giorgi, Ph.D. Prof. Dr. Andreas Grünbichler Prof. Dr. Andreas Grüner Prof. Dr. Stefan Morkötter Prof. Dr. Hato Schmeiser

Prof. Dr. Rico von Wyss Executive Director

Prof. Dr. Markus Schmid Prof. Dr. Norman Seeger Prof. Paul Söderlind, Ph.D. Prof. Dr. Stephan Süss Prof. Dr. Simone Westerfeld Prof. Dr. Hans-Jürgen Wolter

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

Philipp Horsch MBF Assistant

Sina Marquardt MBF Assistant

University of St.Gallen (HSG)

Financial Times Ranking The MBF programme is ranked in 12th place in the Financial Times Global Masters in Finance Ranking 2011. Per criteria the MBF was ranked: • Number 1 for “placement success” • Number 1 for “employed at three months” • Number 2 for “aims achieved” • Number 3 for “value for money”

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

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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

The SIMagination Challenge

the academic rigour of a Master of Arts with the interactive

The SIMagination Challenge is a compulsory international social

nature and practice-oriented approach found in leading MBA

project which aims to create enriching and meaningful learning

programmes. This demanding curriculum also reflects the

experiences for the managerial profession, providing networking

confidence the programme has in its students’ abilities and

opportunities and enhancing career prospects. It encourages our

potential.

students to be responsible global corporate citizens, not just

Placed 1st in the Financial Times Global Masters in Management Ranking 2011 ! www.sim.unisg.ch 27 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

competent managers. The SIMagination Challenge helps

International Exchange Programmes

students develop interpersonal and team skills as well as

In addition to offering students an internationally oriented

cross-cultural competencies and is compulsory for all

curriculum, we also enable them to experience foreign cultures

SIM students and is completed in the first two terms of a

and perspectives first hand.

given class.

Educational partnerships provide SIM students with the

Independent Electives Students may choose from a range of different independent electives, offered both by the SIM programme and other Master’s programmes. Thus students have the opportunity to acquire additional knowledge of specific fields of interest. In the course of the three semesters, courses to the equivalent of 12 ECTS must be chosen.

Corporate Partnerships The SIM programme has close ties to the business world. Internationally operating companies, which are among the leaders in their fields, support the SIM programme as corporate or workshop sponsors such as Deloitte and McKinsey & Company. This cooperation includes interactive workshops, lectures and invitations to visit their offices as well as attractive international internships.

following opportunities: • Double degree programme with the Nanyang Business School in Singapore. The Nanyang Business School is one of the top business schools in Asia. It is committed to excellent teaching, an innovative curriculum and quality research. It is the only business school in Singapore and the fifth in Asia to achieve full EQUIS accreditation. An exclusive double degree programme provides our students with the unique opportunity to gain both Asian and European perspectives on business. Students simultaneously earn themselves an MBA at the Nanyang Business School in Singapore and a high-profile SIM Master’s degree at the University of St.Gallen. • CEMS Master’s in International Management • Double degree programmes with ESADE, Barcelona, Spain; HEC, Paris, France; RSM Erasmus University, Rotterdam, Netherlands; and FGV-EAESP, Fundaçao Getulio Vargas, São Paulo, Brazil

28

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


SIM Content Grid

Research in Management

Financial Management

problem-solving approach, optimally equips SIM students for

Strategic Leadership

intercultural and linguistic skills, as well as an interdisciplinary

International Management

The rigorous curriculum, which fosters academic excellence,

Strategic Management

Career Perspectives

Organisational Behaviour & Change

worldwide

Marketing & Consumer Behaviour

• Exchange programmes with 150 partner universities

top international management positions. Many find interesting positions in consultancy firms. Others start a career in the consumer goods industry, in the financial services sector, pharmaceuticals or in academia. Subject to a student’s grades,

Alliance & Network Strategy Corporate Brand Management

promising academic career as it provides access to Ph.D.

Entrepreneurship

programmes.

Admission Requirements • Recognised Bachelor’s degree in management (or equivalent)

Mergers & Acquisitions

Integratives

this Master’s degree will also enable him/her to pursue a

Corporate Strategy & Governance

Professional Service Firms Organising for Sustained Corporate Growth

or a recognised Master’s degree in any academic field. • GMAT: a minimum of 650 points • Proficiency in the English language • CV

General Management Disciplines

• Letter of motivation • Extracurricular activities • The Bachelor’s grade average is also considered in the admissions decision • Supplementary work may be required 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 29 www.unisg.ch


Curriculum Compulsory Courses

Core Studies 3rd sem.

Contextual Studies

18 ECTS

3–9 20 ECTS

Credits

12 ECTS Core Electives 10 ECTS SIM in Practice

Critical Thinking and Cultural Awareness

12 ECTS

Leadership Skills

Master’s Thesis

– Strategic Management – International Management – Strategic Leadership – Financial Management – Research in Management

Independent Electives

Integratives, e.g.: – Mergers & Acquisitions – Organising for Sustained Corporate Growth – Professional Service Firms – Corporate Brand Management – Entrepreneurship – Corporate Strategy & Governance – Alliance & Network strategy

SIM in Practice

Advanced Management Courses, e.g.: – Marketing and Consumer Behavior – Organizational Behavior and Change

2nd sem.

1st sem.

Core Electives

9–15

Total 18 ECTS

Profile

Schedule & Tuition

Class of 2013

Start: Each Autumn Semester in September.

Class size: 37 students Average age: 24

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

Male / Female: 55% / 45%

semesters / full-time programme

Nationalities represented: 16 International students: 90%

Tuition fees: CHF 1,170 per semester

Average GMAT: 710 points

(Tuition fees are subject to change. Please consult our website.)

Job offers before graduation: 2.2* Average starting wage: CHF 92,000* *Average of all Master’s Programmes 2009 (Source: HSG 2010)

30

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

Exchange rate (Sept. 2011): CHF 1.00 = EUR 0.80 / CHF 1.00 = USD 1.10


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. Dr. Peter Gomez

please contact:

Prof. Dr. Martin Hilb Prof. Dr. Markus Kreutzer

Prof. Dr. Günter Müller-Stewens Academic Director

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

Dr. Omid Aschari, MBA Managing Director

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

More information on our faculty members and their fields

University of St.Gallen (HSG)

of research can be found on:

Institute of Management

www.alexandria.unisg.ch

Dufourstrasse 40a CH-9000 St.Gallen Switzerland

Financial Times Ranking The SIM programme is ranked in 1st place in the Financial Times Global Masters in Management Ranking 2011. 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”

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


“I made a conscious decision to opt for the subject of Economics and for the University of St.Gallen. I chose this major because I am very interested in economic issues such as unemployment, the fight against poverty and globalization. In the MEcon I can select my subjects for the most part myself and so set my own particular focus. I also appreciate the practice-oriented teaching which is of a very high quality.” Adrian Jäggi Switzerland, MEcon

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www.unisg.ch


Master’s Programme in Economics

The Master’s Programme in Economics (MEcon) at the

Student Profile

University of St.Gallen provides you with an extensive

You are very interested in socially and politically relevant

economic education. A solid understanding of the

issues. Your mathematical skills and your analytical talent are

fundamentals and appealing specialisations provide the basis

above average, and you enjoy analysing current problems. You

for a wide range of professional fields and a successful start to

are ready and willing to make pragmatic use of newly learnt

your career. The studies focus on the theoretical and empirical

methods.

analysis of economic interrelations, and convey the specialist knowledge required for the problem analysis of strategies of

• Interest in Economic Issues

economic policy. A flexible curriculum with few compulsory

Economics deals with issues such as economic growth, the

subjects offers you a lot of leeway to shape your studies in line

economic situation, unemployment, social security, inflation,

with your own talents, interests and goals.

the strategic behaviour of corporations and governments, as well as problems of globalisation, ageing, climate change and

Theory and Practice

the current financial crisis. Besides economics, there is also

The MEcon sets great store by highly practical relevance. The

the possibility of focusing on management, industrial

programme provides you with theoretical knowledge from

economics, finance and capital markets. If you want to study

research, on the one hand, while on the other hand you will

economics successfully, then you should be interested in

learn how to apply this knowledge to current issues of society

current affairs.

and the economy. Application orientation at a high academic level is a prominent feature of the MEcon, whose practical

• Economic concepts: an enjoyable challenge

relevance is underlined by internships that can be credited to

The course provides universally usable approaches of

the degree course.

economics in which rational behaviour, optimisation under secondary conditions and methods used for empirical

MEcon’s flexible curriculum

analyses play a central part. You will learn how to develop

In the MEcon, you can compile your individual programme

models to analyse and empirically validate economic

according to your talents, interests and career objectives. The

interconnections and influence factors and to draw

compact foundations provided by the core subjects leave you a

conclusions and derive recommendations for economic policy

great deal of leeway in the choice of your specialisation.

from this. One important prerequisite for studying economics is therefore an analytical, linked-up and strategic intellectual

Teaching

capacity.

MEcon faculty members complement their pronounced involvement in teaching by excellent research activities. Small course groups provide you with direct access to faculty members and guarantee a high degree of student satisfaction.

www.mecon.unisg.ch www.unisg.ch

33


• Readiness for the Pragmatic Use of Mathematical

Languages of Instruction

and Statistical Methods

The MEcon is taught both in English and in German. Central

The MEcon has an application-oriented structure. Formal

basic courses are offered in English jointly with the MiQE/F

subjects such as mathematics and statistics constitute the

(Master’s in Quantitative Economics and Finance). This

basis for well-founded scientific analyses. The methods

guarantees consistent mutual openness of electives and enables

required for this are directly applied to current problems or

students to select courses according to their specialisations and

examples from economic policy, society and management.

interests.

You should therefore have a pronounced interest in current problems and be ready to analyse and understand them on

Content and structure

the basis of scientific methods.

Education in economics is largely standardised at an international level, both in terms of subject matter and with regard to the standards. The uniform 4 ECTS format leaves you with a great deal of freedom for the configuration of your studies. The focus of compulsory subjects on core issues of economics enables you to configure a large part of the Master’s programme according to your own interests and skills.

Fast-track Ph.D. If you attain the necessary grade average and fulfil other requirements, the programme will provide you with access to the Ph.D. Programme in Economics and Finance (PEF). You will already be able to earn credits for the PEF during the Master’s programme and thus complete your doctoral studies in fast-track mode.

Internships with Selected Partners The MEcon has agreements with a network of selected partners which regularly offer internship places and guarantee economic and practical relevance, thus facilitating later career starts. The MEcon encourages you to gather practical experience and establish contacts for your later career start already during your studies. On application, practice credits will be awarded to you for qualified internships, which are credited for up to two university courses (6 credits maximum). This corresponds to an internship duration of about three months.

34

www.mecon.unisg.ch


“The MEcon taught me economic analytical procedures, economic policy strategies and their application to current issues in economic policy, society and management, and provided me with direct access to the PEF doctoral programme. The small course groups and our close contacts with professors made it easier for me to find a perfect assistant’s job.”

Stefan Legge, Germany Ph.D. candidate and research fellow

International Exchange Programmes

Admission Requirements

The Master’s Programme in Economics offers its students an

• Recognised Bachelor’s degree in Economics (or equivalent) or

opportunity to take part in double degree and exchange programmes: • Exchange programmes with 150 partner universities worldwide • CEMS Master’s in International Management • DM2 double degree programmes

a recognised Master’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 • Supplementary work may be required

Career Perspectives A MEcon degree will provide you with the fundamentals

Please note that the admission criteria may be subject to

required to understand, analyse and develop economic

change. Please consult our website for the latest admission

processes. Application-oriented empirical analytical

criteria.

procedures will support your strategic decision-making processes. This will enable you to pursue a career with a wide range of possibilities. Not only banks, insurance companies,

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

public services and administrations are interested in our graduates, but reputable business consultancies also regularly employ well educated economists.

www.mecon.unisg.ch

35


Curriculum Compulsory Courses

Core Studies 3rd sem.

– Advanced Macroeconomics I – Advanced Microeconomics I – Advanced Macroeconomics II – Advanced Microeconomics II – Mathematics – Econometrics I

30 ECTS

Credits

16 ECTS

8 ECTS

18 ECTS

Critical Thinking and Cultural Awareness

Other core elective courses amounting to 8 ECTS:

Leadership Skills

– Advanced Macroeconomics III – Advanced Microeconomics III

– Public Economics – Labour Economics – Industrial Organization – Econometrics II – International Trade – Theorie der Wirtschaftspolitik

Master’s Thesis

Core Courses (2 out of 6 compulsory):

different specialisations possible

1st sem.

Contextual Studies

Independent Electives

2nd sem.

Core Electives

3–9

9–15

Total 18 ECTS

Profile

Schedule & Tuition

Class of 2013

Start: Starting in September (Autumn Semester) is

Class size: 45

recommended, but the programme can also be started

Average age: 25

in February (Spring Semester).

Male / female: 70% / 30% Nationalities represented: 25

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

International students: 48%

full-time programme

Average GRE: 750 points Job offers before graduation: 2.2*

Tuition fees: CHF 1,170 per semester

Average starting wage: CHF 92,000**

(Tuition fees are subject to change. Please consult our website.)

*Average of all Master’s Programmes 2009 (Source: HSG 2010)

36

www.mecon.unisg.ch

Exchange rate (Sept. 2011): CHF 1.00 = EUR 0.80 / CHF 1.00 = USD 1.10


Master’s Programme in Economics

Faculty

Contact

Prof. Francesco Audrino, Ph.D.

For any questions regarding the contents and the structure of

Dr. Christine Benesch

the Master’s Programme in Economics, please contact:

Prof. Dr. Stefan Bühler Dr. Daniel Buncic Prof. Enrico De Giorgi, Ph.D. Prof. Dr. Eva Deuchert

Prof. Dr. Christian Keuschnigg Academic Director

Prof. Simon Evenett, Ph.D. Prof. Dr. Matthias Fengler Prof. Dr. Reto Föllmi Prof. Dr. Manfred Gärtner Dr. Philipp Guyer

Franziska Fawcett Executive Director

Martin Huber, Ph.D. Prof. Dr. Christian Keuschnigg Prof. Dr. Gebhard Kirchgässner Prof. Dr. Martin Kolmar Prof. Dr. Michael Lechner Jochen Mankart, Ph.D. Claudia Neri, Ph.D.

University of St.Gallen (HSG)

Catherine Roux, Ph.D.

School of Economics and Political Science

Dr. Mark Schelker

Varnbüelstrasse 19

Prof. Paul Söderlind, Ph.D.

CH-9000 St.Gallen

Dr. Carlo Strub

Switzerland

Dr. Christian Thöni Phone +41 (0)71 224 29 26 More information on our faculty members and their fields of research can be found on: www.alexandria.unisg.ch

Fax +41 (0)71 224 31 35 E-Mail: mecon@unisg.ch www.mecon.unisg.ch

www.mecon.unisg.ch

37


“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.� Ambika Sharma USA, MiQE/F

38

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Master’s Programme in Quantitative Economics and Finance

The Master’s Programme in Quantitative Economics and

Master’s thesis

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

Your Master’s thesis is graded and weighted with 18 ECTS.

economic theory, finance, and quantitative methods. Apart

A topic from the MiQE/F core studies is required and the thesis

from a common set of core courses, you select from a larger

must be written in English.

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

Fast-track Ph.D. Graduates who attain the requisite GPA score and fulfil other

Your head start

requirements will be granted access to the Ph.D. Programme in

The unique feature of the programme is to combine rigorous

Economics and Finance (PEF). Starting in Autumn Semester

economic and finance theory with quantitative empirical

2011, the PEF offers our MiQE/F students a fast-track

methods to analyse and solve challenging practical problems

programme. Certain electives can be attended during the

in economics, finance and the private sector. Being equipped

Master studies and can be additionally credited to your future

with statistical and econometric methods and an expert

PEF studies.

knowledge of economics and finance, you will be uniquely positioned on the job market to successfully compete for the

Practice Credits

most challenging career opportunities in science, the private

The MiQE/F encourages students to acquire practical experience

sector and national and international policy institutions.

and to establish contacts for their future career start. Therefore practice credits are awarded for qualified internships, which are

Curriculum

credited to curricular courses (max. 6 ECTS).

The compulsory courses mainly focus on economic theory and quantitative methods. This allows students to choose their core

Cooperation with LGT

electives according to their interests and talents. The uniform

The LGT Group is a cooperation partner

4 ECTS format supports and facilitates a unique specialisation

of the MiQE/F. A prize for the best

to shape students’ profiles.

MiQE/F degree result has been awarded

The different specialisation areas include optional courses in

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

econometrics, finance and economics, which are important to

Furthermore, students may have the opportunity to do

prepare students for quantitative applications and make them

internships at LGT, where they can earn practice credits.

competitive in the job market. The three specialisation areas can be flexibly combined. Students can choose their core electives and will have the possibility to create their profiles by specialising in a specific field of interest: • Quantitative economics • Quantitative finance • Corporate finance, banking and insurance

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

39


International Exchange Programmes The Master’s Programme in Quantitative Economics and Finance recommends its students to study a semester abroad in the network of partner universities and other schemes for student exchange: • The MiQE/F is part of the Quantitative Economics European Network (QUEEN), a network of several universities that offer Master’s programmes of sufficient depth and of high quality in quantitative economics and/or finance. Our students will have the opportunity to spend one semester in one of the other programmes. The first partner in this network is the Englishlanguage programme Master of Quantitative Economics at the Goethe University Frankfurt in Germany. • CEMS Master’s in International Management • Double degree programmes with ESADE, Barcelona, Spain; HEC, Paris, France; RSM Erasmus University, Rotterdam,

methods. The competitive advantage of MiQE/F graduates

the Netherlands; and Università Commerciale Luigi Bocconi,

on the job market is the combination of quantitative methods

Milano, Italy

and expert knowledge of economics and finance. The

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

analysis of complex real world problems in international

and the University of Constance (Germany) have agreed upon

economic policy making, financial sector developments and

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

private industry increasingly requires the use of rigorous

the opportunity to choose certain courses from the Master’s

quantitative and theoretical methods and thereby creates a

Programme in International Economic Relations at the

rising demand for our alumni. In addition, MiQE/F is an

University of Constance, and vice versa.

ideal preparation for demanding Ph.D. programmes in

• Exchange programmes with 150 partner universities

Economics, Econometrics and/or Finance.

worldwide

Career Perspectives

Reasons for Enrolling in the Master’s Programme in Quantitative Economics and Finance

Graduates with an economics degree often lack an in-depth

• Competitive advantage on the job market: because

education and extensive training in quantitative methods,

nowadays, good jobs for economists, in economics as well

whereas mathematicians and statisticians often lack the

as in finance, require a profound knowledge of the

necessary background in economics or finance. MiQE/F prepares participants for ambitious careers that require a good education in economics, finance and quantitative

40

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

methods of empirical research and analysis. • Flexibility: make your own decision as to whether you want to specialise in Econometrics, Economics or Finance.


“What distinguishes MiQE/F from most other Master’s Programmes is its focus on quantitative methods. For my job in the Economics Department of the Central Bank of Lithuania, where I perform stress-testing and monitor the credit risk of the local banking sector, sound analytical skills, expert knowledge of statistical and econometric methods as well as a solid background in economic and finance theory are essential.”

Audrius Mozuras, Lithuania Senior Economist Central Bank of Lithuania

• Faculty: work with a comparatively young and internationally recognised faculty that is an active part of the scientific community. • High educational standard: the MiQE/F adheres strictly to the highest international economic standards. • Benefit from small class sizes.

Admission Requirements • Recognised Bachelor’s degree in Economics (or equivalent) or a recognised Master’s degree in any academic field. • Minimum GRE score of 740 points • Proficiency in the English language • Supplementary work may be required

• International setting: work with students and lecturers from different countries all over the world and from

The admission criteria may be subject to change. Please consult

different cultural backgrounds. All lectures and

our website for the latest admission criteria.

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

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

Economics and Finance (PEF). • Student participation: faculty members and students often meet informally in order to discuss further improvements, so students actually have the possibility of actively contributing to and participating in the development of the programme.

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

41


Curriculum Compulsory Courses

Core Studies 3rd sem.

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

Other core electives

30 ECTS

Credits

16 ECTS

8 ECTS

18 ECTS

Critical Thinking and Cultural Awareness

(1 of 3 compulsory): – Public Economics – Labour Economics – Industrial Organization

Leadership Skills

– Advanced Mathematics and Statistics – Econometrics II

(2 of 4 compulsory): – Quantitative Risk Management – Asset Pricing – Microeconometrics – Time Series Econometrics

Master’s Thesis

Field courses: Finance/Econometrics

Field courses: Economics

1st sem.

Contextual Studies

Independent Electives

2nd sem.

Core Electives

3–9

9–15

Total 18 ECTS

Profile

Schedule & Tuition

Class of 2013

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

Class size: 25

ded, but the programme can also be started in February

Average age: 25

(Spring Semester).

Male / female: 71% / 29% Nationalities represented: 20

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

International students: 65%

full-time programme

Average GRE: 775 points Job offers before graduation: 2.2*

Tuition fees: CHF 1,170 per semester

Average starting wage: CHF 92,000*

(Tuition fees are subject to change. Please consult our website.)

*Average of all Master’s Programmes 2009 (Source: HSG 2010)

42

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

Exchange rate (Sept. 2011): CHF 1.00 = EUR 0.80 / CHF 1.00 = USD 1.10


Master’s Programme in Quantitative Economics and Finance

Faculty

Contact

Prof. Francesco Audrino, Ph.D.

For any questions regarding the contents and the structure of

Dr. Christine Benesch

the Master’s Programme in Quantitative Economics and Finance,

Prof. Dr. Stefan Bühler

please contact:

Dr. Daniel Buncic Prof. Enrico De Giorgi, Ph.D. Prof. Dr. Eva Deuchert

Prof. Dr. Christian Keuschnigg Academic Director

Prof. Simon Evenett, Ph.D. Prof. Dr. Matthias Fengler Prof. Dr. Reto Föllmi Prof. Dr. Manfred Gärtner Dr. Philipp Guyer

Franziska Fawcett Executive Director

Martin Huber, Ph.D. Prof. Dr. Christian Keuschnigg Prof. Dr. Gebhard Kirchgässner Prof. Dr. Martin Kolmar Prof. Dr. Michael Lechner Jochen Mankart, Ph.D. Claudia Neri, Ph.D. Catherine Roux, Ph.D. Dr. Mark Schelker Prof. Paul Söderlind, Ph.D. Dr. Carlo Strub Dr. Christian Thöni

University of St.Gallen (HSG) School of Economics and Political Science Varnbüelstrasse 19 CH-9000 St.Gallen Switzerland Phone +41 (0)71 224 29 26 Fax +41 (0)71 224 31 35

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

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

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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, France, with

choose and refine their areas of specialisation, thus developing

The Fletcher School of Law and Diplomacy of Tufts University

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

in Medford, Boston, USA, and the Graduate School of

permits students to concentrate on a research question in a

International Studies of Yonsei University in Seoul, Korea.

subject area of their choice.

Further double degree programmes are in preparation. • CEMS Master’s 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, Russia; The Graduate Institute

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

(HEID), Geneva, Switzerland • Exchange programmes with 150 partner universities worldwide

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

45


“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.

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Admission Requirements • Recognised Bachelor’s degree in International Affairs (or equivalent) or a recognised Master’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 • Supplementary work may be required 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

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Curriculum Core Electives

Compulsory Courses

Core Studies

1st sem.

– International Governance – State and Economy – International Politics, Economics and Business

– The International Financial Architecture – WTO Seminar – International Trade – Climate Change, Trade and Competitiveness – Development Economics – Practical Leadership in Development Management – International Economic Policy Analysis – Foreign Policy Strategies – European Foreign Policy in Action – Security Governance – Asia-Pacific Security – Managing Defence – New Challenges in International Security – Contemporary Developments in IR Theory – Private Actors in International Affairs – The Politics of International Law – Compliance with International Law – Global Communication and International Affairs – International Public Management – Managing Social Business

24 ECTS

12 ECTS

18 ECTS

Credits

18 ECTS

Critical Thinking and Cultural Awareness

Research Methods 2nd sem.

Specific Courses (examples):

Leadership Skills

– Issue Management – Development Cooperation – Public Affairs Management – World Bank Projects – Public Management

Master’s Thesis

Practical Projects:

Independent Electives

3rd sem.

Contextual Studies

3–9

9–15

Total 18 ECTS

Profile MIA

Schedule & Tuition

Class of 2013

Start: February (Spring Semester) or September (Autumn

Class size: 72 students

Semester)

Average age: 27 Male / female: 58% / 42%

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

Nationalities represented: 8

full-time programme

International students: 32% Average GMAT: 720 points

Tuition fees: CHF 1,170 per semester

Job offers before graduation: 2.2*

(Tuition fees are subject to change. Please consult our website.)

Average starting wage: CHF 92,000* *Average of all Master’s Programmes 2009 (Source: HSG 2010)

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Exchange rate (Sept. 2011): CHF 1.00 = EUR 0.80 / CHF 1.00 = USD 1.10


Master’s Programme 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 schools as well as on practitioners and experts from international institutions and the private sector: Prof. Dr. Anne van Aaken; Dr. Doaa Abdel Motaal; Prof. Dr. Jörg Baumberger; Dr. Sven Bradke; Dr. René Buholzer; Prof. Dr. Thomas

Dr. Daniela Engelmann Executive Director

Burri; Prof. Samia Costa, Ph.D.; Marc DeVore, Ph.D.; Prof. Dr. Bernhard Ehrenzeller; Dr. Katja Gentinetta; Prof. Dr. Michael Graff; Prof. Dr. Heiner Hänggi; Dr. Urs Heierli; Dr. Urs Jäger; Dr. Andreas Koestler; lic.phil.hist. Claude Longchamp; Dr. Sonja Lüthi; Prof. Dr. Miriam Meckel; Prof. Dr. Silvano Moeckli; Prof. Dr. Isabella Proeller; Dr. Michael Reiterer; Dr. Manuel Rybach; Dr. Roland Scherer; Prof. Andreas von Staden, Ph.D.; lic.rer.pol. Pietro Veglio; Moritz Weiss, Ph.D.; Prof. Dr. Rolf Wüstenhagen; Jörg Zeuner, Ph.D.; Prof. Dr. Andreas Ziegler

University of St.Gallen (HSG) Master of Arts in International Affairs and Governance (MIA) Varnbüelstrasse 19 CH-9000 St.Gallen Switzerland

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

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): • Hubs in Singapore and São Paulo • Asia Research Center www.arc.unisg.ch • The Sino-Swiss Management Training Programme www.sino-swiss.unisg.ch • Centro Latinoamericano-Suizo de la Universidad de San Gallen www.cls.unisg.ch

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


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.chSouth51 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 26 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 70 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 excellent 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.

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

www.unisg.ch

53


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

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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 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

55


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

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Student Commitment “I chose the University of St.Gallen (HSG) because it is one of Europe’s top business universities. 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 Latino

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

and the Cercle des Francophones to sports associations like the

volleyball court. The University’s attractive location between

Snow and Mountain Sports Association, St.Gallen Sailing and

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

the Aviation Group. But cultural associations like ProArte, an

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

orchestra and the HSG Big Band also contribute towards the

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

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

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

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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. The experts of the Career Services Center support 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 career related topics • Career Events: HSG TALENTS Business Insights, seminars, workshops and training on career related topics • Recruiting Events: HSG TALENTS Conference in spring, HSG TALENTS Banking Days in autumn • HSG TALENTS Online: CV publication, event sign-up, jobs and internship postings, company profiles, newsletter

• Career Management Handbook: 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 Services Center (CSC-HSG) University of St.Gallen (HSG) Mirjam Trachsel Career Management International Students Dufourstrasse 50 CH-9000 St.Gallen Phone: +41 (0)71 224 29 23 E-Mail: csc@unisg.ch www.csc.unisg.ch

subscription www.unisg.ch

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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

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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 92,000. • 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: Graduate Survey Report, 2010, 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 100 Alumni Clubs on 5 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

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Financial Information

What does it cost to study at the HSG?

CHF 24,000) into a Swiss bank account and submit the bank state-

Students’ living costs vary according to their lifestyles.

ment with the other documents to the embassy to obtain the visa.

The Student Union bases its calculations on an annual budget

www.eda.admin.ch

of approximately CHF 24,000 per person.

Accommodation Tuition Fees*

We do not offer on-campus housing. Generally, students share a

Studying at the University of St.Gallen costs about

large apartment or rent a small one. If students share an

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

apartment, they can obtain a single bedroom from CHF 450

contribution amounts to less than 10%. The large remainder

upwards per month. Rents for small private studios range from

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

CHF 650 upwards per month. The Student Union has a housing

the Confederation and the cantons. Students will still have to

market on its website. The HSG’s Student Mobility also offers a

pay the following tuition fees:

limited number of rooms in a student residence against a

• application fee: CHF 250

brokerage fee. Interested parties should contact us as early as

• tuition fees per semester of a regular degree course:

possible.

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

E-Mail: exchange@unisg.ch www.myunisg.ch

The visa process Most students who come to Switzerland must obtain a visa prior to

Food

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

A regular menu at the on-campus cafeteria costs about CHF 8.

issued. For this reason, please contact the Swiss Embassy in your

Students can find all kinds of restaurants and snack bars in

home country at an early stage to find out about the relevant

town. Regular lunch menus are priced from around CHF 15

procedures and documents to be submitted.

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

Please be aware of the fact that in most cases students have to

stands, menus are more favourably priced.

prove that they have sufficient financial means for their stay in Switzerland. For this reason they have to transfer money (currently

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

Enrolment Services Our Enrolment Services assist international students with immigration formalities, with general issues related to settling down in St.Gallen and with problems during their early days at the HSG. www.enrolment.unisg.ch

about health insurance schemes for foreign students can be found on the website of the City of St.Gallen. Students are required to take out a Swiss health insurance unless the Swiss authorities accept their original one. Costs start at around CHF 100 per month. www.stadt.sg.ch

Travelling * Tuition fees are expected to change. Please consult our website.

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In Switzerland, travelling by public transport is very convenient and is encouraged. Students are advised to obtain the Swiss

www.unisg.ch


Federal Railway halffare card in order to save 50% on all

The Starr International Foundation Scholarship Fund is set

tickets. It is available for CHF 165 and valid for one year.

aside for highly talented foreign-language students with a recognised foreign Bachelor’s degree who are completing a

Swiss Grants

Master’s degree in one of the English-language programmes.

Switzerland also offers grants to international students.

Exceptional students are identified by the Advice Center for

Interested parties should contact both the Swiss Embassy in

Study Funding and asked to hand in an application.

their home country and Helen Obrist, the Federal Grant Officer

Please check our website and contact Mrs Eva Flick, Head of

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

the Advice Center for Study Funding for further information

Swiss Embassy:

www.eda.admin.ch

www.studyfunding.unisg.ch

on the above-mentioned or other options. www.studyfunding.unisg.ch E-Mail: studyfunding@unisg.ch

Scholarships and Loan Funds at the HSG We have two different types of funds to help you finance your

Money-Earning Opportunities

studies. To ensure financially disadvantaged students are also

International students can apply to work 15 hours a week and

able to study at the HSG, we have the Loan and Scholarship

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

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

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

students enrolled in the Bachelor’s or Master’s Level. The

institutes are always looking for students to work on some

purpose is to support students in need. To be eligible to apply

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

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

percentage of students to work at the University.

minimum of one semester.

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

Expenses (CHF) Tuition

Annual

Monthly

2,340

195

660

55

Rent (including utilities)

6,000

500

Health Insurance (compulsory)

1,200

100

Class Materials

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

Personal Liability and Home Insurance

Total Expenses (CHF) Exchange rate (Sept. 2011): CHF 1.00 = EUR 0.80 / CHF 1.00 = USD 1.10

www.unisg.ch

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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.

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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

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Rankings and Accreditations

Financial Times Ranking

Accreditations

• Masters in Management:

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

• 1st 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

• Masters in Finance: • 12th place among the best business universities worldwide

with the Master in Banking and Finance

scrutiny of the highest international quality standards by independent experts for the purpose of accreditations. Thus the HSG has earned the EQUIS (2001) and AACSB (2003) accreditations and consequently has obtained the two most

CHE Ranking

demanding international seals of approval for business schools.

• Excellence Ranking Economics Master’s Programmes • Business administration: top group in European, German-speaking countries • 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 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.

Handelsblatt Ranking • Business research: 2nd place in European, German-speaking countries • Economics research: 9th place in European, German-speaking countries www.rankings.unisg.ch

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www.unisg.ch

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


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 six 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) 2011: The information in this publication is correct as of Sept. 2011, 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. Photos: Hannes Thalmann, University of St.Gallen.

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

www.unisg.ch

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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

Student Mobility www.exchange.unisg.ch E-Mail: exchange@unisg.ch

EFMD

International Master's Programm  

International Master's Programm