A Vanderbilt MBA with an Executive Edge. Discover this place.
Shape your world. 速
Vanderbilt Executive MBA 2011 Director of Product Quality Nissan North America Smyrna, TN
World shapers Patricia Carter
Vanderbilt Executive MBA 2009 Senior Manager, Global Market Development, Smith & Nephew Durham, NC
Engineer. Strategist. World Shaper. An engineer by training, Patricia Carter had earned a role in brand management with Smith & Nephew, one of the world’s leading producers of medical devices. But she knew she needed more—“a better understanding of the complexities of the global business environment”—to reach the company’s executive level. At Vanderbilt, she benefited from an experience she describes as “very real world.” Many of the professors, Patricia says, “create their own textbooks or workbooks that are a compendium of all the things they see as valuable teaching tools. You also learn an immense amount from your peers, as many classes require students to bring in examples of the problems their companies or industries face.” In particular, Patricia says, the year-long strategy project and the international residency in China were assets that paid major dividends. After completing her MBA, Patricia shifted from brand management to focus on developing a five-year strategic plan for her division’s international business. She credits her international residency in China. The experience “gave me a major competitive advantage over nearly all of my peers,” she says. And applying her newly gained knowledge of strategy, “all of the executives were extremely impressed with the ease at which I broke down the issues and created a robust plan that our business could support. Owen gave me a solid framework for tackling complex issues.”
Read more World Shaper stories at owenworldshapers.com
What does it mean to shape your world? At the Vanderbilt Owen Graduate School of Management, it means you enter a unique, close-knit community that equips you to optimize your results as a leader. You open doors to a new world of possibilities. You shape your thinking and your career trajectory. It means you can create your own future in ways that align with your career goals and, perhaps, in ways that you never imagined. From Day One, it means you are empowered to make a difference in your organization, your community, your industry, your world. You will be encouraged to go beyond old boundaries, rigorously challenged to work harder and accomplish more than you thought possible, and supported both here and wherever you ultimately go, by an extended community of colleagues, mentors and alumni. Thousands of individuals—faculty and staff, students, alumni and business practitioners—with different priorities, diverse interests and divergent needs have discovered this place and, from it, have shaped their worlds…and, in doing so, our world.
Contents Distinctive: Distinctive: Distinctive: Distinctive:
A Real Vanderbilt MBA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 The Vanderbilt Executive Edge. . . . . . . . . . . . . . . . . . . . . . . . . 14 Cross-Functional C-Teams. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Apply-it-now Experiences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Executive MBA Facts & Stats. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Program Design and Curriculum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Class Profile. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Return on Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Faculty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Admissions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 About Us. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Executive MBA Facts & Stats
Facts, figures, stats, quotes about the Vanderbilt An MBA that gives you the experience and broad perspective to succeed in senior management. Don’t settle for a lesser degree. Here are a few reasons why executive students come to Vanderbilt for an MBA.
The number of new students entering the Executive MBA and Americas MBA for Executives programs in 2011. Owen is small and highly competitive, but it’s even more collegial. A personalized admissions process is the start of a collaborative and supportive learning environment.
Saturdays only. Vanderbilt was the first ranked Executive MBA program to switch to an alternating-Saturday schedule to minimize disruptions to your career—and your life.
São Paulo. Mexico City. Vancouver. Nashville. The locations of Vanderbilt’s partner business schools that are taking part in an innovative new Americas MBA for Executives program. The curriculum is tailored for executives who are already in—or hope to embark on— a global management career. However, Executive MBA and Americas MBA students share Year One courses, giving you a diverse, global peer group. Pick up the Americas MBA brochure to learn more.
Approximate number of students to faculty. The program is small by design, allowing faculty to know each of their students personally.
The time it takes most of our Executive MBA students to recoup their educational investment, through higher salaries received with new promotions.
The distance traveled by the Executive MBA Class of 2011 on their international residency to Istanbul and Budapest. A significant portion of Vanderbilt’s Executive MBA curriculum focuses solely on international issues. You’ll gain a global perspective that’s critical in today’s business world.
and things worth knowing Executive MBA. The Vanderbilt Executive Edge.
Beyond the basics of a management degree, Vanderbilt’s program incorporates an executive edge, a curriculum blueprint focused on Advanced Financial Frameworks, Strategic Skills and Vision, and Leadership Development.
The number of days per week our program and admissions team is available and dedicated to supporting your success—in the program and in your career.
The percentage of students from the classes of 2010 and 2011 that contributed to their class gift. That satisfaction score speaks for itself.
Your own executive coach.
Because of a distinct emphasis on leadership development and the goal of equipping you to succeed in senior management, you’ll have access to private one-on-one executive coaching, industry tools and assessments used by Fortune 500 CEOs to master strengths and minimize derailers.
The number of part-time or undergraduate students that compete with students for resources, career services or professors’ time. The emphasis at Owen is on full-time graduate programs. (Zero is also the number of MBA classes in which a teaching assistant serves as instructor.)
“My Executive MBA experience at Owen has enabled me to acquire stronger financial vision and leadership skills and to participate in decisions that will influence the future of health care.”
Ravi Chari, M.D.
Vanderbilt Executive MBA 2008 Vice President of Clinical Excellence HCA Nashville, TN
Executive MBA Facts & Stats
An open door.
What you’ll find when you seek one-on-one time with one of Vanderbilt’s renowned faculty members—world-class researchers, practitioners and business professionals— these academic stars will know you each by name.
The percentage of the Executive MBA Class of 2013 referred by an alumnus of the program. Another 15 percent was directly referred by a corporate client or employer who has a relationship with the Owen School. You’ll benefit from a highly supportive network of students and alumni around the world who will be there to help you throughout your career.
The number of children who joined our family in August 2011 (with a few more on the way). Your family is part of our family. The support provided by spouses, partners and children is vital to your success, and we work hard to acknowledge and celebrate their contributions as much as yours.
The average amount of time that one of the nine librarians and staff members from the Walker Management Library spends with an MBA student each time they ask for assistance in finding data or researching an important topic.
First-rate colleagues. One of the five “greatest strengths” of the Executive MBA experience as rated by both first and second year students in the 2011 stakeholder satisfaction survey.
The percentage of the Executive MBA Class of 2012 that received a salary increase above the typical annual increase within the first year of the program. That’s immediate ROI.
10 students. 10 faculty members. This was how Vanderbilt’s MBA program got its start in 1969, though as BusinessWeek magazine noted in 2009, “it has progressed rapidly, rising from humble beginnings to BusinessWeek’s top 30 ranking in just a few decades.”
CPA, CFA, PMP, Series 7, JD, MD and PhD.
The year Vanderbilt University was founded by Cornelius “Commodore” Vanderbilt. Vanderbilt is ranked within the Top 20 schools by U.S. News & World Report and is often referred to as “an ivy of the South.”
Just a few of the professional designations and graduate degrees held by our Executive MBA students.
120,004 The total number of Owen and Vanderbilt alums you have access to in the VUConnect directory. You’ll be able to reach alumni from across all the schools that make up Vanderbilt University.
New York. Chicago. Washington D.C. Atlanta. Houston.
“After four semesters and some reflection, I realize I made the right decision to pursue an MBA. … I always introduced myself as the “nonprofit guy” somehow separating myself from the “real” businesspeople. Now I know I am a real businessperson. I’m just in a different kind of business.”
Michael McSurdy Vanderbilt Executive MBA 2009 President & CEO Family & Children’s Service Nashville, TN
Michael was the recipient of the Owen School and Center for Nonprofit Management tuition sponsorship, awarded annually to one Middle Tennessee nonprofit executive who meets all Vanderbilt Executive MBA admissions requirements.
Five of the major markets that are within a quick, direct flight. Many others are only a short three-hour drive away. Nashville is a great city that offers easy access to many locations in and out of Tennessee.
â€œWhen people see I received my MBA from Vanderbilt, it immediately puts me in a higher status. I now can review a companyâ€™s financial statements and have a good feel for its financial health and estimated value. I can look at a company in its entirety, from marketing and pricing philosophy to its strategic and human resource alignment, and assess whether it is heading in the right direction.â€?
Michael Garofalo Vanderbilt Executive MBA 2008 VP of Finance Architectural Graphics Virginia Beach, VA
Earn your recognized
A r e a l Va n d e r b i lt M B A
Earn a full, 60-credit-hour MBA from Vanderbilt. Not all executive programs that bear the name “MBA” offer the benefit of a renowned MBA degree such as Vanderbilt’s. If you’re looking for the academic rigor of a full, 60-credit-hour world-class MBA program uniquely tailored to the needs of those already in or aspiring to senior management positions, then you’ve come to the right place.
MBA from a university around the world. The Vanderbilt Executive MBA program meets two Saturdays per month over a 24-month period. Without disrupting your career momentum or settling for a lesser degree, you will gain the confidence to lead organization-wide decision-making. With a focus on advanced financial frameworks, critical strategic visioning and leadership skills, you will benefit from a program design and curriculum that go far beyond a typical Executive MBA program. You will earn an immediate return on your investment with practical insights and experience that you can apply to your management job on Day One.
PROGRAM DESIGN AND CURRICULUM
The Vanderbilt MBA for built especially for or already at the top. A unified experience The Vanderbilt Executive MBA is a lockstep program with all students completing required course work in sequence with classmates. The unified nature of the program maximizes the shared learning experience and ensures continuity for C-Teams as they assimilate diverse experiences and industry perspectives to deliver on the program requirements. What is a C-Team? See page 18 to learn more.
A collaborative classroom Unlike typical MBA students who average five years of work history, Vanderbilt Executive MBA students have an average of 12 years of experience in the workforce. As a result, our Executive MBA students bring a level of business maturity, diverse perspectives and varied experiences to the classroom that fuel and enrich the learning experience. Vanderbilt professors are adept at using the collective experience of the class to identify and discuss ways that theory can be applied to realtime organizational opportunities and challenges.
Steve Brooks Vanderbilt Executive MBA 2008 CIO, Bridgestone Americas, Inc. Nashville, TN
Tire Manufacturer. Question Asker. World Shaper. Steve Brooks was ready to move up. He’d put three daughters through college; two went through grad school as well. Then, he decided, “It was my turn.” An MBA seemed to be the right choice and his friends recommended the Executive MBA at Vanderbilt. He’d seen co-workers earn their MBA through Vanderbilt’s executive program and move into senior management… Read the rest of Steve’s story
owenworldshapers.com/SteveBrooks.html 8 owen.vanderbilt.edu
executives— those aspiring to
Highly demanding. Intensely rewarding.
Vanderbilt Executive MBA 2009 International Corporate Controller, Gibson Guitar, Nashville, TN
Energizing Her Career You can’t get much more “global” than Ingrid Calvo’s position. She serves as international controller for the world’s most renowned guitar manufacturer. To meet the challenges of such a fast-paced environment, she says, “today’s business leaders need a degree that transcends textbooks and the classroom to provide real-life business application.” That’s what she found in the Vanderbilt Executive MBA. The program not only equipped her with “cutting-edge business knowledge… Read the rest of Ingrid’s story
An integrated and applied curriculum The Vanderbilt Executive MBA curriculum begins with a core of integrated course work—a strong quantitative foundation of statistics, finance and accounting plus organization management, economics, operations and marketing. Each accounts for 10 percent of the curriculum. In the second year, the curriculum also provides Capstone Courses to synthesize core material and prepare students for the big-picture responsibilities of setting strategy, creating and leading a new business venture and managing in a global environment. A focus on leadership and strategy With a purposeful focus on strategy and leadership, Vanderbilt Executive MBA students emerge from the program with an executive edge—the higher-level skills needed to win against competitors; spur growth and profitability; identify process improvements; deconstruct barriers to innovation; create value and lead an organization through times of turbulence and change. An education that transcends “book smarts” Much of what you will acquire in this program transcends what you can glean from a textbook: teamwork; creative problem-solving skills; time management; and an
appreciation for differing opinions and perspectives. These skills and behaviors will endure long after the books have been put on the shelf. A global perspective Few businesses today are immune from influences abroad. Through a six-credit sequence dedicated to doing business internationally—including a required International Residency during the second year—Vanderbilt Executive MBA students graduate with the ability to guide a company in a global marketplace.
Want a more intense global experience? The Americas MBA for Executives is a two-year MBA program designed for executives managing (or aspiring to manage) cross-border organizations throughout the Americas. Combining the core courses of the Executive MBA in year one with four global residences in year two, the Americas MBA program is an intense immersion in strategic global management. Learn more at VanderbiltAmericasMBA.com.
PROGRAM DESIGN AND CURRICULUm
A rigorous program with build logically, Starting in August of Year One and ending in July of Year Two, the Vanderbilt Executive MBA program is cleanly segmented into fall, spring and summer semesters with allowances for semester breaks and holidays. In addition to classes two Saturdays per month, two oneweek residencies are incorporated into the program—a Week-in-Residence at the beginning of Year One and an International Residency in the spring of Year Two.
YEAR ONE—Provides you with a core foundation of management essentials, theory and application. Many Executive MBA programs stop here. Vanderbilt doesn’t. YEAR TWO—Elevates these topics to CEO level by focusing on strategic aspects of managing the entire organization as well as its functional areas in a competitive global environment.
Executive MBA Curriculum at a Glance SUMMER
Leadership and Change Management (2)
Managerial Finance (2)
Marketing Management (4)
Financial Accounting (4)
Corporate Valuation (2)
Managerial Economics (4)
Operations Management (4)
Organizational Behavior (2)
Managerial Statistics (4)
Managerial Accounting (2)
Business Strategy (4)
Strategy Project I (2)
Global Enterprise I (2)
Global Enterprise II (4) (Includes international residency)
Corporate Financial Policy (2) Operations Strategy (2)
Marketing Strategy (2) Creating and Launching the Venture (2)
Strategic Alignment of Human Capital (2) (x) = credit hours
Curriculum subject to change
* Graduation celebration immediately follows successful completion of the program; dates for Vanderbilt commencement exercises are established by the university and may lag.
Note: To learn about the second year of the Americas MBA for Executives, refer to the Americas MBA brochure or visit VanderbiltAmericasMBA.com. 10 owen.vanderbilt.edu
Strategy Project II (2) Negotiation (2) Special Topics in Executive Management (2)
SPRING International Residency
courses that integrate seamlessly.
Two Saturdays per month. Two one-week residencies. Two years.
Vanderbilt Executive MBA 2009 Director, Non-Automotive Programs, Tower Automotive, Detroit, MI
Plant Manager. Decision Maker. World Shaper. Navin Karwande knew Vanderbilt had a globally recognized Executive MBA program. In fact, that was one of the reasons he relocated to the Nashville area as he considered how to acquire skills he would need to prepare himself to improve his career. Right away, Navin says, he—and his employer, an automotive supplier—began noticing that Owen’s core courses in statistics, accounting, finance and leadership were making an impact on his performance and that of the plant. With his improving… Read the rest of Navin’s story
Executive MBA Program Schedule You will benefit from an innovative Saturday schedule that allows you to earn a Vanderbilt MBA without disrupting your career momentum.
Every Other Saturday
7:00 AM – 7:50 AM
Continental Breakfast at Owen
7:50 AM – 9:20 AM
9:30 AM – 11:00 AM
11:00 AM – 11:50 AM
Lunch at Owen
11:50 AM – 1:20 PM
1:30 PM – 3:00 PM
3:00 PM – 3:20 PM
3:20 PM – 4:50 PM
5:00 PM – 6:30 PM
Friday Evening (class weekends): C-Team meetings Optional: One Friday per month, 6:30 PM – 8:00 PM, Leadership Development Series
The Saturday Schedule. Making it possible to earn an MBA. Staci Springer is a regional manager at a multinational industrial lubricant company. When the Vanderbilt Executive MBA program required attendance on both Fridays and Saturdays, she was reluctant to apply; she didn’t want to ask for Fridays off in the midst of a tough economy. That all changed in 2009 when the program’s format shifted. “As soon as I saw the Saturday-only schedule, I hit the ‘submit’ button on my application,” says Springer, who graduated from Vanderbilt in 2011.
PROGRAM DESIGN AND CURRICULUM
Strategy. Global Perspect an immediate and Week-in-Residence
Vanderbilt students begin their Executive MBA experience with a rigorous one-week residency in New Harmony, Indiana. Intentionally remote from the everyday demands of personal and professional life, this historic community provides the perfect backdrop for full immersion in the program from the outset. The Week-in-Residence eases the transition to the alternating Saturday class format of the program and provides students with time to get to know one another and the Executive MBA faculty. It also allows time to become acquainted with the objectives and mechanics of the program, to regain and refresh valuable perspectives on being a student, and to begin the team-building and logistics planning required of your C-Team. You’ll start setting expectations for performance, strategies for studying, and schedules for members to meet and communicate with one another. Additionally, key classes—Executive Leadership, Managerial Accounting, Statistics and Managerial Economics—are launched.
“The experience at New Harmony was a tremendous way to jump-start the Executive MBA program and prepare me for the next two years. By removing the distractions of technology, it provided the opportunity to focus not only on the new material we were introduced to but also on building relationships with my classmates that have lasted, and will continue well into the future.”
Executive MBA 2007 Senior Auditor, Caterpillar Financial Services Nashville, TN
ive. But first, intensive immersion. International Residency
During the spring of Year Two, each Executive MBA class participates in a group immersion experience outside the United States. This week-long International Residency is an integral and final part of the three-part Global Enterprise sequence and ensures that classroom discussions and theory are brought to life in an effective and compelling manner. Typically, the International Residency consists of visits to ten corporations in one or two host countries; these may be satellite offices of companies that are headquartered in the U.S., or local, regional or international companies that are based in these countries. Regardless of city or country, the purpose of these corporate visits is to understand and discuss with local executives the differences and complexities inherent in doing business in the global marketplace, including such things as staffing; financial, legal and political structures; economics, social customs and career issues for expats. Recent countries visited include Korea, China, Brazil and India.
Business Strategy Sequence
A hallmark of the Vanderbilt Executive MBA program is the year-long Business Strategy Sequence that takes place throughout Year Two. The sequence is comprised of year-long in-class experiences and a C-Team consulting project with a client company that runs throughout the year and is completed during the summer, just prior to graduation. Like other Executive MBA courses, the classroom component of the Business Strategy Sequence emphasizes learning by instruction—lecture, reading, case analysis and facilitated discussion. In contrast, the Strategy Project is defined as learning by construction—a total immersion experience in which students are challenged by the faculty advisor—who meets frequently with C-Teams—to call upon all of the tools and concepts learned to date and build an integrated strategic plan for a real client company.
T h e va n d e r b i lt E x e c u t i v e E d g e
If you are serious about you will need an
An Executive MBA designed with the view from the top. While all MBA programs offer the basic Management Fundamentals, Vanderbilt adds essential layers to help you achieve your full potential as an executive: Advanced Financial Frameworks, Strategic Skills and Vision, and Leadership Development. Donâ€™t sell yourself shortâ€”invest for the long run.
your career climb, executive edge.
The Vanderbilt Executive Edge Strategic Skills and Vision
Thanks to the generosity of the Executive MBA alumni, the Executive MBA 2011 graduates were presented with a Vanderbilt blazer, pictured proudly here.
owen.vanderbilt.edu Advanced Financial Frameworks
Management Fundamentals owen.vanderbilt.edu
Executive MBA Class of 2013
Demographics (includes Americas MBA students) Class Size
Average Work Experience Work Experience Range
12 years 5 - 28 years
Married 71% Women 29%
Health Care/Biotechnology Financial Services
* Includes Consulting, Telecommunications, Consumer Products, Energy, Environment, Government, Nonprofit
Academic Background Average GMAT
Educational Background* Engineering
Job Function* 16%
Full Tuition (paid by employer)
Partial Tuition (average amount $13,600/year)
General Management/ Entrepreneurship 20% Finance/Accounting 24% Sales Mgmt./Marketing
Information Systems Mgmt.
Functional Title Corporate Officer
Professional (doctor, lawyer, etc.)
* The admissions team takes care to balance academics, industries and job functions in the class to create well-rounded C-Teams.
Who chooses Vanderbilt for an MBA? Physicians and Other Health Care Practitioners In any given year, about one-fourth of an Executive MBA class is comprised of professionals from the health care industry, many of whom are physicians or clinicians such as those involved in administration or health care operations. All are individuals who want to move beyond their professional â€œpracticeâ€? to the business of setting strategy and leading and motivating an organization.
Entrepreneurs Every class has a handful of entrepreneurs. They include individuals who already own and operate a business and are looking for opportunities to envision and realize significant growth plans as well as those who, by virtue of the Executive MBA program, see the potential for a more fulfilling career by launching their own venture. Bruce Brockenborough
Roger Passmore, MD
Vanderbilt Executive MBA 2001 President Hannan Supply Company Paducah, KY
Vanderbilt Executive MBA 2011 President Optimum Technology Nashville, TN
Vanderbilt Executive MBA 2011 Orthopedic Surgeon Premier Orthopedics and Sports Medicine Nashville, TN
Vanderbilt Executive MBA 2007 Plastic Surgeon Murfreesboro, TN
Engineers and IT Professionals Approximately 40 percent of a typical Vanderbilt Executive MBA class is technical by training. They are generally men and women who have risen to positions of authority through their technical prowess and find themselves in need of the skills and mindset to lead teams and organizations toward shared goals. Mario Ramos
Vanderbilt Executive MBA 2010 VP Engineering Schneider Electric Nashville, TN Al Johnston
Vanderbilt Executive MBA 2011 Integration Manager Shell Oil Company Nashville, TN Craig Brooks
Vanderbilt Executive MBA 2010 Quality Assurance Manager WSI Protective Forces Oak Ridge, TN
Finance & Accounting, Sales & Marketing and Other Professionals Approximately 20 percent of the Executive MBA class comes from a finance and accounting background with another 15 percent from sales and marketing. In addition, every year a class will boast other types of working professionals such as attorneys or architects. In all cases, these students find that this program provides the broad perspective needed to understand and take on roles that impact functional areas other than their own. Michael Piana
Vanderbilt Executive MBA 2010 South Texas Sales Manager Exterran Victoria, TX Jennifer Hutcheson
Vanderbilt Executive MBA 2007 VP, Corporate Accounting & Tax Gaylord Entertainment Nashville, TN Doug Campbell
Vanderbilt Executive MBA 2011 Department Head, Finance and Accounting OTICS USA Morristown, TN owen.vanderbilt.edu
Expect to learn from your peers as well as your profs. At Vanderbilt, you’ll complete much of your work as part of a “C-Team” of distinguished peers. These cross-functional teams, assigned at the beginning of the program, are carefully and deliberately designed during the recruiting process to ensure that each C-Team replicates a corporate executive team (or C-Suite). Balanced to include a diversity of industries, backgrounds and experience, you’ll have someone on your team representing the various roles you’d find in a typical organization’s C-Suite (CEO, CFO or CAO, COO, CMO, CIO,
Experience the view from As a result of interactions with your team, you’ll widen the lens through which you view problems and opportunities, preparing you to move beyond your previous established career specialization and emerge as a leader who understands the bigger picture of your organization. No wonder that our Executive MBA
students and alumni often say their colleagues are also some of their best teachers—and that the C-Team dynamic makes all the difference between
knowing and understanding. 18 owen.vanderbilt.edu
â€œThe C-Team teaches executive decision making and people management, while the courses provide a solid quantitative foundation. The combination prepares us to be better leaders.â€?
Vanderbilt Executive MBA, Class of 2011 Software Engineer Yahoo! Brentwood, TN
the corner office. Learn More
RETURN ON INVESTMENT
Immediate and sustainab For you. For ROI for you. Organizational credibility Vanderbilt Executive MBA students find that they earn higher standing in the workplace, resulting in frequent invitations to contribute to organizational initiatives in new, meaningful ways. Recognition by those at the top The program is designed to give all students—even those who are not sponsored—stretch assignments that will catch the attention of the executive team and benefit the company in new ways. And a Personal Capstone Project will encourage dialogue with executives at work.
Career and salary growth Despite the worst economy in years, only one year into the program 26 percent of the Executive MBA Class of 2012 reported a salary increase, well above the standard cost-of-living adjustment for their companies. And 56 percent of the Executive MBA Class of 2011 received a promotion or greater management responsibility before graduation. Self-awareness and confidence Graduates cite dramatic improvements in their time management skills as well as their self-confidence and the knowledge that they have the capabilities to set and achieve aggressive personal and organizational goals.
Nancy Abbott, Vanderbilt Executive MBA 1991 Vice President, Human Resources GE Commercial Finance, Stamford, CT
“The program prepared me to transfer to new functions by broadening my skills in areas where I had gaps and broadening my perspective in general. I also built confidence that I could take on tough, new challenges and succeed. The Executive MBA was a good investment for my company and a great one for me.”
Alan Applonie, Vanderbilt Executive MBA 2008
Chief Operating Officer Taylor Farms Pacific, Tracy, CA
“The Vanderbilt Executive MBA program is hugely relevant. I experienced tremendous returns for my company, even after only one semester at Owen. I have decided that the program is not expensive, but engaging in business without it is.”
ROI for your organization. Immediate solutions to pressing issues From Day One, Vanderbilt Executive MBA students are able and encouraged to apply classroom and project learning to real-time issues and opportunities at the office. Along with their own insight, they bring to their offices the best practices of their accomplished peers and distinguished Vanderbilt faculty. An increase in the bottom line Critical theories coupled with practical and provocative discussions prompt students to question “business as usual.” This questioning—when focused on a company’s cost structure, sales and marketing strategies, and manufacturing processes—often results in million-dollar benefits to the bottom line. Greater bench strength Vanderbilt Executive MBA students offer employers new ideas and perspectives, new talents and vast resources in the way of access to Vanderbilt faculty, a strong alumni base and the databases and support services of a world-class business library. Long-term loyalty of prized employees Studies have shown that graduates of the Vanderbilt MBA program for executives remain loyal to their current employers, regardless of level of sponsorship. If not through tuition, companies tend to reward these employees—who produce valuable work and insight—at a level that motivates loyalty.
le benefits. your company.
Just ask any of the companies represented by our graduates.
Employer Organizations Vanderbilt Executive MBA students represent a wide range of backgrounds, industries and organizations, from sole proprietorships to Fortune 50 companies. Below is a partial list of firms they represent. AUTOMOTIVE ARC Automotive AutoZone Bridgestone Americas Cummins-Fleetguard Ford Motor Credit General Motors Nissan Pilot Travel Centers Tower Automotive CONSTRUCTION AND REAL ESTATE Actus Lend Lease Alex S. Palmer & Company BargeWaggoner Sumner & Cannon Jones Lang LaSalle Terra Pacific Midwest CONSUMER GOODS AND RETAIL Batesville Casket Big Time Toys Brown-Forman C. R. Gibson Dollar General Corporation Gibson Guitar Home Depot Mapco Mars Petcare Pepsico (QTG Sales) Procter & Gamble Sara Lee Tractor Supply Company U.S. Smokeless Tobacco Wackenhut Services Williams-Sonoma EDUCATION AND NONPROFIT National Association of State Boards of Accountancy (NASBA) National Federation of Independent Business (NFIB) University of Pennsylvania University of Tennessee Research Foundation Vanderbilt University Webb School
ENERGY Delek US DRS Test & Energy Management El Paso ExxonMobil Corporation Jackson Energy Authority Shell Oil TVA ENTERTAINMENT AND HOSPITALITY Gaylord Entertainment Gray Television Harrah’s Entertainment Hilton Hotels Ingram Entertainment Marriott MGM/Mirage O’Charley’s Video Gaming Technologies FINANCIAL SERVICES AIG/American General Allstate American Service Group Bank of America Bankers Trust BPS&M (Wells Fargo) Caterpillar Financial Services CheckFree Direct General First Horizon National Corp Fiserve Ford Motor Credit Hoskins & Company Independence Bank (Memphis) Independence Trust Morgan Keegan Southeast Financial Credit Union SunTrust Bank Unum Provident Volunteer Corporate Credit Union HEALTH CARE, PHARMACEUTICAL AND BIOTECH Allergan Amgen Associated Pathologists/ Path Group
Aventis Pharmaceuticals Baptist Healthcare Systems Baptist Memorial Health Care Baxter Health Care Biomimetic Therapeutics Biotherapeutics BlueCross BlueShield of Tennessee Boston Scientific Center for Toxicology and Environmental Health Bristol-Myers Squibb Cardinal Health Community Health Systems DaVita Dispensary of Hope Eli Lilly Emdeon Focus Healthcare Management Fuji Film Medical Systems GE Healthcare GlaxoSmithKline Global Healthcare Exchange HCA Health Trust Purchasing Group Healthcare Management Systems (HMS) Healthcare Performance Partners HealthLeaders/InterStudy HealthStream Healthways Humana Johnson & Johnson King Pharmaceuticals Mead Mead, Johnson Medical Center (Bowling Green) Paradigm Management Services Parkway Medical Center Pfizer Skyline Medical Center Smith & Nephew Solvay Pharmaceutical St. Thomas Health Surgical Group of Nashville Symbion Healthcare
Takeda Pharmaceuticals Transnetyx Vanderbilt University Medical Center MANUFACTURING AND CONSUMER DURABLES Avery Dennison Bemis Corporation Boeing Bosch Carrier Champion Window Company Des-Case Corp. DuPont Eastman Chemical Eastman Kodak Fuchs Lubricants GE Appliances General Motors International Paper Johnson Controls LP Building Products Motorola Plymouth Tube PPG Industries Raytheon Schneider Electric/Square D Siemans Southeastern Manufacturing Enterprises Sumiden Wire Products Trueseal True Temper Sports Vulcan Materials Whirlpool SERVICE (AND OTHER) FIRMS ArvinMeritor BRI Services Central Parking Crosslin & Associates Deloitte Consulting Emergency Services Network First Consulting Group The Hackett Group Ingram Book Group Ingram Industries International Management Associates
KPMG Kraft Corporate Recovery Services National Association of Small Business of America (NASBA) Ozburn-Hessey Logistics Pinpoint Recruiting Group Ryder Integrated Logistics Siteworx TECHNOLOGY AND TELECOMMUNICATIONS AOL Asurion AT&T Cisco Comdata Dell Edgenet, Inc. EDS IBM iGATE Global Solutions Intergraph MAG-IAS LLC Optimum Technology Solutions Oracle Service Source International Teledyne Electronic Technologies United Technologies Verizon Wireless TRANSPORTATION Covenant Transport FedEx Ingram Industries Jet Support Services Nacarato Volvo & GMC Trucks Vickers Transportation U.S. GOVERNMENT AND DEFENSE SERVICES Agility Defense and Government Services Armed Services Mutual Benefit Association Lockheed Martin U.S. Army U.S. Department of Energy U.S. Navy Westar Aerospace & Defense Group
A p p ly- i t- n o w E x p e r i e n c e s
Gain immediate ROI by you learn on Make an impact in your organization with beyond-the-classroom learning opportunities. The Vanderbilt program offers a number of Apply-it-now Experiences designed to widen your perspective and build on the knowledge you gain. Over the course of two years, you will... • Complete a Business Strategy Project as part of a year-long strategy sequence. Your C-Team will work with a company of your choosing to create a comprehensive strategic plan for the organization. • Work with your C-Team to apply classroom learning to real problems facing one of your employers. For example, you might seek to revise an incentive plan that inadvertently leads to undesired behaviors (Managerial Economics); redesign a supply chain process (Operations Strategy); or build a new spreadsheet model that provides better information for management decisions (Managerial Accounting). • Take on a Personal Capstone Project that allows you to showcase to your executive team your capabilities within your organization, addressing an issue, initiative or opportunity that will move your company forward. • Have the opportunity to develop a New Venture business plan from scratch that you prepare and present to real venture capital firms (as judges).
applying what Day One.
Vanderbilt Executive MBA 2009 Vice President, Global Nutrition and Health Campbell Soup Company Camden, New Jersey
Scientist. Product Innovator. World Shaper. Josh Anthony holds a PhD in Cellular and Molecular Physiology. But despite his position as R&D Director in charge of new product innovation for an international producer of infant formula, he recognized that “people in industry are often associated with their functional role.” Wanting to move beyond that role to contribute more to his company by enhancing his understanding of business, he set a goal: “to be sufficiently versed across disciplines so that I am not only viewed as a scientist but also as a business partner who can contribute across functional boundaries.” At Vanderbilt, he found the right fit: “a world-class MBA program without pretense” and coursework he could apply immediately in his own work to make an impact beyond his role in R&D. Drawing on what he learned in Statistics and Macroeconomics, for example, Josh worked with his company’s market research department to develop models for predicting changes in infant formula share using Macroeconomic indicators. Using knowledge from Corporate Valuation and Marketing classes, he partnered cross-functionally to develop metrics to better assess the value of the company’s new product opportunities. “For me,” he says, “the MBA is about opportunity. The knowledge I’ve gained has afforded me opportunities to meet business challenges and grow my career in new directions.” Among those opportunities was a new position. In 2011, Josh became Vice President for Global Nutrition and Health at the Campbell Soup Company. Read more World Shaper stories at owenworldshapers.com
Here, great professors are great mentors, The finest scholars, researchers, teachers and practitioners make up Vanderbilt’s accomplished faculty. Educated at the best universities and seasoned with significant experience, these faculty members are in demand as conference speakers and panelists, consultants, authors and referees for prominent academic journals and experts for leading media outlets. Faculty selected for the Executive MBA program are even a cut above: they are skilled at drawing out the wisdom from the collected intelligence and experience of students in the classroom and are adept at responding to the unique questions, challenges and issues that arise. From these faculty members known for easy accessibility and their collaborative approach to teaching Executive MBA students, you will gain cutting-edge knowledge of how business theory and practice come together.
The Dean Samuel B. and Evelyn R. Richmond Professor of Management; Faculty Director, Executive MBA Programs Bruce Cooil has wide-ranging business and academic experience as a statistical modeler. He has worked with health care firms, including HCA, Solucient, TeamHealth, Tennessee Oncology, and LIFETEST to create models for the delivery of more effective health care services and to develop forecasts of mortality and morbidity rates. In the area of marketing research, he has worked with Ipsos Loyalty and AT&T. Bruce has also written and consulted on medical malpractice and automobile insurance claims and indemnities, and has developed predictive insurance models for AARP and the Robert Wood Johnson Foundation.
also advisers and friends. Shape your career with teachers who do more than just teach.
Bill Christie, Frances Hampton Currey Professor of Finance; Faculty Director, Executive MBA; Professor of Law Bill Christie’s studies of the major financial markets in the mid-1990s concluded that NASDAQ market makers were implicitly colluding to maintain artificially high trading profits at the expense of investors. His research resulted in sweeping reform of the NASDAQ market, introduction of the SEC Order Handling Rules, and a $1.027 billion settlement against the defendants. Bill won first prize for outstanding papers published in the Journal of Finance based on this research. He is a five-time recipient of the EMBA Teaching award and was ranked either first or second among star faculty in each BusinessWeek ranking from 1992 through 2000. Dick Daft, Brownlee O. Currey, Jr. Professor of Management
Dick Daft is a noted expert in change management, organization behavior, organization design and leadership and serves as the “Group Doctor” for the Executive MBA program. He has published 12 books, including the newly released The Executive and the Elephant—and dozens of articles on these subjects. He also developed and managed the Center for Change Leadership. Dick’s books on organization management and leadership are the most widely used in their categories at business schools around the world. Ray Friedman, Brownlee O. Currey Professor of Management Ray Friedman is an expert in human organizational behavior focused on understanding how cultural differences and backgrounds influence both negotiation and conflict resolution. He is also a leading expert in Chinese management, focusing on conflict styles, negotiation arbitration and biculturalism in management. Luke Froeb, William C. Oehmig Associate Professor in Entrepreneurship and Free Enterprise Luke Froeb joined the Owen faculty in 1993 as an expert in the economics of competition policy. From 2003 to 2005, he was appointed Director of the Bureau of Economics at the Federal Trade Commission, where government antitrust agencies widely used his merger models to predict anti-competitive behavior.
Dawn Iacobucci, E. Bronson Ingram Professor of Management in Marketing Dawn Iacobucci, who joined the Owen faculty in 2007 after spending the previous three years at Wharton, is a renowned expert on networks, customer satisfaction, service marketing and quantitative psychological research. Iacobucci’s recent textbook, MM (Marketing Management), is quickly gaining critical acclaim. Craig Lewis, Madison S. Wigginton Chair of Management; SEC Chief Economist and Director of Risk, Strategy and Financial Innovation Division Craig Lewis, the Finance-area coordinator, joined the Owen faculty in 1986 and has been widely published since that time on such financial issues as volatility, debt and capital structure. His interests include equity analyst behavior, the security issue process and corporate financial policy. Brian McCann, Associate Professor of Strategic Management Brian McCann is an expert in strategic management and entrepreneurship. He joined the Owen faculty in 2009 after completing his PhD in strategic management from Purdue and is a co-author, with Luke Froeb, of the leading textbook Managerial Economics: A Problem-Solving Approach. Rita Sowell, Adjunct Professor of Management Rita Sowell has been teaching advanced mathematics and introductory statistics for the Owen School since 1993. A former Actuarial Assistant at William M. Mercer, Inc., she runs GMAT Camp and Math Camp, providing quantitative preparation and individual coaching to incoming MBA students at Vanderbilt.
Meet Executive MBA Faculty owen.vanderbilt.edu
Is a Vanderbilt Executive Come talk with Admissions events and activities. Preview Days Preview Days offer the most intensive insight into the Vanderbilt Executive MBA experience; if you are seriously considering this degree, this three-hour time investment is a must. You will have a chance to talk with current students and get candid answers to your questions from a panel of alumni. You will participate in a sample class with Vanderbilt’s business faculty. All Preview Days are held on the Vanderbilt campus in Nashville.
Information Sessions These informative sessions are hosted in cities that are within easy commuting distance of Nashville. You will meet Executive MBA staff and local alumni who will cover all of the basic facts of the program—benefits of the program, profiles of students and alumni, curriculum, logistics and application and admission requirements.
Check Dates, Times & Locations owen.vanderbilt.edu
Before you apply, answer these simple questions. Are you ready? • Can you dedicate 15-20 study hours each week outside of class and your personal and professional responsibilities? • Can you complete community leadership obligations and remove yourself temporarily from commitments to make time for the Executive MBA program? • Are you willing to dedicate two Saturdays per month for 24 months to this intense educational commitment? Is your employer ready? • Can you arrange time away from the office (one week-long residency in fall 2012 and another in spring 2014)? • Is your employer receptive to your new ideas so that your new MBA
skills and solutions have a chance of gaining implementation? • Is your employer willing to offer financial sponsorship? (The majority of Vanderbilt Executive MBA students are partially self-funded.) Is your family ready? • Is your support system (spouse, partner, children) prepared for your individual and group study commitments outside of the classroom? • Is your family committed to participating in family events at Vanderbilt and connecting with your C-Team’s families?
MBA right for you? Attend a Preview Day or Information Session us. to learn more. Or just call. Anytime. Applying to the Vanderbilt Executive MBA program. Apply online at vanderbiltemba.com. The completed application includes the following: • Online application, along with a nonrefundable application fee of $150. • A Candidate’s Admission Statement (one-page essay) that describes your career, your reasons for seeking an MBA and the benefits you anticipate in your career • Graduate Management Admission Test (GMAT) scores • Official transcripts from undergraduate and graduate course work • Two letters of recommendation from executive colleagues, which can be done electronically via the online application • A formal admissions interview The admissions interview All serious applicants are interviewed during the admissions process by the Associate Dean or Director of the program. In addition, pre-interview consultations are available anytime to determine your fit and timing, counsel you on GMAT prep and consult with you on approaching your employer for sponsorship. Annual tuition and fees Tuition for the academic year 2011-2012 is $43,902, payable in October (40 percent), February (40 percent) and June (20 percent). Additional fees of $6,000 include books and printed materials; parking permit; most meals while classes are in session; special events and receptions; room and meals for a residency; library and database access; graduation expenses; and academic services.
• Allow sufficient time to prepare for the GMAT. We are happy to counsel you as you prepare or consider a prior GMAT score to determine next steps. Sometimes, additional preparation (Math and Statistics Camp and/or our online math course) is a condition of admission. • Priority enrollment deadline is June 1. June and July decisions will be made as needed to fill the class and round out the C-Teams. • GMAT Camp is complimentary for submitted applicants still needing to sit for the GMAT. The camp runs on Saturdays in April. • Math and Stats Camp (four Saturdays starting in July) is complimentary for admitted students, and required for some. We strongly encourage you to complete the application prior to June 1 so that we have ample time to determine whether the camp is right for you.
If you have any questions, please contact us at firstname.lastname@example.org, 615.322.3120 (daytime) or 615.343.9865 (evenings and weekends).
Visit owen.vanderbilt.edu to learn more about financing your Executive MBA. Company sponsorship
s s s
Tuition for Year Two typically increases 4 to 7 percent annually although it was only 2.5 percent last year. Students are responsible for travel and lodging (if necessary) for all class weekends in Nashville and airfare for the International Residency.
Dates to consider Once your application is complete, we will notify you of the admissions decision within ten business days. Application review is on a rolling basis for the class entering in August. While applicants may apply at any time, please consider these natural deadlines:
Loans Yellow Ribbon GI Education Enhancement Program
Annual tuition scholarship for one Middle TN nonprofit organization owen.vanderbilt.edu
Become part of a stellar And a great Vanderbilt University is a private research university of about 6,500 undergraduates and 5,300 graduate and professional students. Located in the heart of Nashville, Vanderbilt’s 330 acres are home to architectural treasures and a national arboretum. Dubbed the “Southern Ivy,” Vanderbilt is comprised of many highly ranked schools—arts and science, business, medicine, education, law and divinity—as well as a distinguished medical center, a public policy center and The Freedom Forum First Amendment Center. Vanderbilt Fast Facts
• Vanderbilt is one of America’s top universities, ranked #17 by U.S. News and World Report. Newsweek recently selected Vanderbilt as one of the “New Ivy League” schools. • Located a mile and a half from downtown Nashville, the 330-acre parklike campus is designated a national arboretum. • All 50 U.S. states and more than 90 countries are represented by the Vanderbilt student body. • Vanderbilt faculty members have won numerous prestigious awards, including Nobel, Fulbright, Guggenheim, MacArthur, Mellon, National Endowment for the Humanities and National Science Foundation.
Among the many amenities Vanderbilt students enjoy: • Sports & Recreation. The Student Recreation Center houses a variety of sport courts, a track, indoor pool, weight room, classes and more. More than 40 intramural sports give students of all skill and ability levels a chance to compete. • Athletic Events. Vanderbilt competes at the highest level of the NCAA (Division I-A) within the Southeastern Conference in such sports as basketball, football, baseball, soccer, tennis and golf. • Music & the Arts. The Sarratt Student Center features a cinema, art gallery and art and dance classes. Blair School of Music features world-class concerts. For more than 30 years, the Rites of Spring concert series has brought some of the nation’s hottest alternative and independent acts to campus.
university. school of business. About the Owen Graduate School of Management
In 1969, the Vanderbilt Owen Graduate School of Management opened its doors to 10 students and 10 faculty members in a former funeral home. Today, Owen is one of the world’s top business schools and is widely recognized for its challenging academics, stimulating and innovative research environment, a strong student/ faculty ratio and a spirit of teamwork. The Vanderbilt Executive MBA program was launched in 1978. Vanderbilt students, faculty and alumni agree: this is a special place where you find support and encouragement for reaching your goals. And once you belong to the Owen community, you belong for life. We have always sought out a select number of individuals who seek to shape the Owen experience to fit their needs and aspirations—and who, in doing so, exert a shaping influence on the larger community—our school, our university and beyond. Old Mechanical Executive Programs are housed in Old Mechanical, one of the original buildings on the Vanderbilt campus. This building has been updated several times over the years with a significant remodel in 2008. Designed with feedback and funding from Executive MBA students and alumni, this space combines the unique historical character of a circa 1888 brick building with classrooms boasting contemporary, flexible seating and state-of-theart technology. The Executive Lounge bundles together a business center, study area and catering kitchen, providing a home away from home for executive students.
World-class management library The Walker Management Library offers resources and personal service that are unmatched at most top-tier business schools. Each C-Team is assigned a research librarian who will guide members to the right databases and assets for any given assignment; these services can be accessed on campus or over the Internet from remote locations. In addition to space in the Executive Lounge, the library offers 21 study rooms for team meetings, equipped with wireless Internet access and ample work tables and seating. Online course work and collaboration tools Executive MBA students use “BlackBoard,” a best-of-class learning system used by Vanderbilt and other prestigious universities. While this will be a primary tool for online assignments and faculty communication, there are many other tools such as Skype and Panopto available to faculty and teams to collaborate and present important information. All are vetted and supported by Owen’s IT Services department.
Which program is right for you? Explore all programs for working professionals at owen.vanderbilt.edu. n
Americas MBA for Executives
Master of Management in Health Care
Executive Development Institute – Open Enrollment Programs
Advanced Certificate in Health Care Management
On our cover
Shawn Williams Vanderbilt Executive MBA 2011 Quality Ensurer. Automaker. World Shaper. Shawn Williams’ responsibilities — ensuring the quality of products for Nissan North America — leave him with a perpetually full plate. So it’s understandable that, though he had long contemplated pursuing an MBA, he “made excuses that now was not the right time.” Finally, he says, “I realized I would have to make it the right time.” He wanted the broader knowledge that would enable him to participate in… Read the rest of Shawn’s story
Our Promise To students:
Here is a place where you will be challenged to achieve your potential; find support as you shape your future; discover lifelong friends and mentors; and open doors to new possibilities.
Here is a place where you will find the men and women who have the skills, the drive, and the determination to move your organization forward.
To faculty and staff:
Here is a place where you can engage, think, reach, teach, influence people, and transform the world around you.
Here is a place that you can call home, build business relationships, and inspire those who follow to reach even higher.
Vanderbilt Executive MBA Vanderbilt University Owen Graduate School of Management Executive MBA 401 21st Avenue South Nashville, TN 37203-2422
Telephone: 615.322.3120 Fax: 615.343.2293 Email: email@example.com URL: vanderbiltemba.com
Discover this place. Shape your world.®
owen.vanderbilt.edu ©2011 Vanderbilt Owen Graduate School of Management Rev. 09/11 Printed on recycled paper.
Vanderbilt is an equal opportunity, affirmative action university.