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One Year To Challenge Your Thinking, Change Your Outlook and Choose Your Future
One Year To Challenge Your Thinking, Change Your Outlook and Choose Your Future
One year to challenge your thinking, change your outlook and choose your future.
1. Welcome to INSEADs MBA 2. Classes of 2009 3. The learning experience 4. Unique learning environment 5. Faculty and research 6. Curriculum 7. The INSEAD difference 8. Key facts of 2010 classes 9. Your career 10. Life at INSEAD 11. Alumni network 12. Two of the fifty 13. Financing your MBA 14. Scholarships 15. What should I do now? 16. Frequently asked questions
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As our graduates transition back to the professional world they benefit from another major advantage of INSEAD: our powerful alumni network. With over 40,000 members worldwide, living and working in over 160 countries across all continents, there is a breadth and depth to our network that is unmatched by any of INSEADs peer schools. An INSEAD MBA helps you to better understand and expand your world and provides you with a passport to help you successfully navigate the ever-changing landscape of international business. I would like to thank you for considering INSEAD for your MBA degree and look forward to meeting you on campus.
Classes of 2009
The classes of 2009 were one of our most diverse MBA student groups ever, in terms of nationality, experience, education, gender and ambition.
The industries and professions they came from were also many and varied, but so were their post-MBA career choices. Many changed their country of work, sector or functional area completely, some changed all three, whilst others utilised their MBA as a springboard into positions in their own sector that they could only dream of before embarking on their MBA.
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Group experience Central to INSEADs MBA experience is working together in groups. The primary objective of group work is to develop team building skills and collaborative working styles. Within your group you will also have the opportunity to explore different leadership preferences and hone your skills as a leader in a risk-free environment. When you arrive at INSEAD, you are assigned to a study group. Your group will be made up of fellow students from varied countries and professional backgrounds to make it as diverse as possible. You and your group will get to know each other very well during your time at INSEAD as you work on various projects. You will learn to work with people from different backgrounds and cultures, who may not always see things the way you do - in fact, you will likely have diverging opinions and perspectives. You will learn to share ideas, to question, to challenge, to negotiate, to encourage, to support and above all, to work together.
In your first week, you are placed together with four or five other classmates in a group, and this group is yours for the next four months. All group work and group-generated grades come from this collaboration, so it is in your interest to create an effective team dynamic as soon as possible. Taking into account the personalities, the broad range of backgrounds and experiences, this is a test in itself! Victoria Tott Class of July 2010 British
With a diverse mixture of gender, race, ethnicity, age, work experience and interests at INSEAD you will engage with the world every day. A senior faculty member at INSEAD summed it up like this: I thought I knew what diversity was before I joined INSEAD, but once I got here, I realised I had never experienced anything like it before. INSEAD is like a small United Nations.
Campus exchange A unique and popular feature of an INSEAD MBA is our campus exchange programme. This is available to participants from Period 3 onwards and gives you the opportunity to spend at least one period (eight weeks) at the other campus. Some students may also choose to take advantage of the Wharton exchange for one period. The campus exchange is facilitated through an online bidding process which takes place during Period 1, approximately 6 weeks after the programme starts, when you will be asked to indicate your campus preferences for Period 3, Period 4 and Period 5. You can also bid for the Wharton exchange during this time. Approximately 70% of students take advantage of the campus exchange, spending time studying on both or sometimes all three campuses during their time at INSEAD.
I chose INSEAD because the dual campus and everything that goes with it created a distinctive environment for learning. The atmosphere was similar to working at a multinational company, something that you would be hard-pressed to find at any other school. My experience in the classroom was equally diverse and did not fit any certain mould. Classes were at times formal and lecture-based while at other times they were open and participatory. What have I taken away from the MBA experience? A very large global network, including friends and alumni, that has created for me a support network that exists no matter where in the world I go. And this makes living abroad much easier! Ben Kamarck Class of July 09 American
The cornerstone of what makes INSEAD different is our faculty. No other business school has a more diverse and engaged faculty body than ours.
Over the last 50 years, INSEAD has created a community grounded in entrepreneurship, with a can do attitude in which 145 of some of the worlds best faculty thrive. INSEAD research and thought leadership is renowned for being both rigorous and relevant. INSEAD faculty are world leaders in key business disciplines such as Leadership, Strategy, Marketing, Entrepreneurship, Organisational Behaviour and Finance. They have also authored countless books and research papers including international best sellers such as : The Momentum Effect by JeanClaude Larrch; Dance With Chance, Making Luck Work For You by Spyros Makridakis, Robin Hogarth and Anil Gaba (pictured left); Blue Ocean Strategy by W. Chan Kim and Rene Mauborgne and Humanitarian Logistics by Luk Van Wassenhove and Rolando Tomasini.
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I am a social psychologist by training, and I do experimental research on culture and negotiations. Given the amazing diversity that you see every day in the MBA classroom, INSEAD has always been an ideal place for someone like me to work. Students and faculty are constantly challenging each other to think deeply about important issues, to ask interesting questions, and to always see the world through a complex, multicultural lens. William Maddux Assistant Professor of Organisational Behaviour
For the past fifteen years, I have been studying how firms develop their business portfolio by developing, acquiring, and reshuffling their resources. I share this knowledge in a holistic MBA course which integrates strategic, financial, organisational, and human perspectives to help MBAs learn how to identify, price, and integrate firms or specific resources through M&As, alliances or other corporate development tools. Laurence Capron Professor of Strategy Research Director INSEAD-Wharton Alliance
Research passion, commitment for teaching excellence, and an enthusiastic inter-disciplinary approach to pedagogy led Professor Laurence Capron to receive the Deans commendation for Excellence in MBA Teaching and to win the MBA Award for Best Teacher in 2008.
Curriculum
The 10-month MBA programme includes five periods, each lasting eight weeks. At the conclusion of every period is an assessment (exam, essay or project) and a short break. The first half of the programme is built around 14 core courses, which provide you with a solid understanding of the key management disciplines including finance, accounting, marketing, operations, strategy, leadership and business ethics.
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Period Period Period Period Period Financial Accounting Financial Markets & Valuation Leading People & Groups Prices & Markets Uncertainty, Data & Judgement Corporate Financial Policy Elective Elective Elective Elective International Political Analysis Macroeconomics in the Global Economy Elective Elective Elective Elective Elective Elective Elective Marketing Management Leading Organisations Managerial Accounting Process & Operations Management Strategy Business Ethics (P1-P3) Career orientation Job search strategies On and off campus recruitment Job search
During the second half of the programme, INSEAD offers you an unparalleled range of innovative electives, all taught from an international perspective. You can tailor the programme to meet your specific needs and career objectives by choosing 11 electives from
a selection of more than 75 courses (offered across both campuses). While some students prefer to concentrate on certain disciplines, such as entrepreneurship or strategy, others choose to take courses in a wider variety of subjects to prepare for a career in general management.
3-5
Periods
Examples of electives: Your First Hundred Days Role play a management buyout in an MBA team. After a preliminary session, expect the unexpected from phone calls in the early hours to difficult journalists and union reps! Mergers & Acquisitions, Alliances & Corporate Strategy (MAACS) Advanced strategy, exploration of modes of corporate development including mergers, acquisitions, strategic alliances, joint ventures and divestiture. Learn frameworks and theories that will allow for a structured approach to M&A issues from initiation to implementation. Market Driving Strategies Achieve and sustain market leadership and profitable growth in competitive, fast-changing global markets all through a simulated exercise. Value Creation in Corporate Restructuring (VCCR) Understand issues surrounding corporate restructuring and the financial management of distressed corporations. Answer what is, and what is not, value creation. Analyse reasons for potential success or failure of restructuring events and finally, how these schemes impact shareholder value.
Elective areas Accounting & Control Decision Sciences Economics & Political Science Entrepreneurship & Family Enterprise Finance Marketing Organisational Behaviour Strategy Technology & Operations Management Other (courses in areas such as
Ethics and Communication).
Examples of INSEAD faculty research that is resetting the global business agenda include: INSEAD Blue Ocean Strategy (BOS) Created by INSEAD Professors W. Chan Kim and Rene Mauborgne, Blue Ocean Strategy focuses on making the competition irrelevant. Based upon around 150 cases spanning 100 years and more than 30 industries, it highlights Blue Ocean strategic moves such as Cirque du Soleil and Yellow Tail wines. In addition to retrospective case studies, it includes theoretical approaches and practical tools to create and capture blue oceans. Kim and Mauborgne argue that tomorrows leading companies will succeed not by battling competitors, but by creating blue oceans of uncontested market space ripe for growth.Blue Ocean Strategy the book, has sold more than two million copies and is being published in a record-breaking 42 languages.
Social Innovation Centre Social innovation at INSEAD is defined as the introduction of new business models and market based mechanisms that deliver sustainable economic, environmental and social prosperity and is taught at the INSEAD Social Innovation Centre. This centre brings together and enhances the academic expertise of a diverse group of leading INSEAD research teams in Corporate Social Responsibility and Ethics, Healthcare Management, Humanitarian Research, Social Entrepreneurship and Sustainability. Rudolf and Valeria Maag International Centre for Entrepreneurship (Maag ICE) INSEAD has the largest and one of the most reputed entrepreneurship faculty in the world. We offer the broadest range of entrepreneurship courses, rigorous and rich research on building business in a global world and have one of the strongest entrepreneurship alumni networks in the world. The Maag centre is the catalyst for innovations at INSEAD in entrepreneurship teaching, research and outreach. We also support the INSEAD Social Entrepreneurship Initiative.
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%
women on INSEAD MBA programme in 2010
electives
990
students
intakes a year
200 703
scholarship recipients average GMAT score
10 29 5.5 20
month MBA
Asia /Asia Pacific Benelux Central / Eastern Europe France Germany India Latin America Middle East / Africa Nordic Countries North America Other Western Europe Southern Europe United Kingdom
Your career
Employment markets continued to be highly impacted by the global recession in 2009. Despite the challenges, 86% of INSEAD MBA graduates found employment within three months of graduation. Our international reach continues to spread with graduates now joining more than 370+ companies in 60 countries, our highest number ever. 10 years ago, INSEAD founded its Singapore campus, and our development strategy in the region has resulted in 22% of graduates taking jobs in Asia Pacific. 44% of our graduates took industry positions around the globe with high numbers in the consumer & luxury goods, healthcare and high-tech/telecommunications industries. Also for the first time, 4% of INSEAD MBA graduates took social impact positions immediately upon graduation, a testament to the increasing opportunities for graduates in the sector. Social media is playing an increasingly important role in the job search, and we have organised many practical sessions on using social networks such as LinkedIn. Treks continued to provide a fantastic opportunity for companies and participants to meet and a wide range of sector treks were on offer in 2009: investment banking, media and hightech, private equity, consumer & luxury goods, real estate and energy. Further regional treks took participants to Japan, Ghana, Korea, India, Brazil and Switzerland.
Geographic location post graduation Africa/Near/Middle East Asia Pacific Central/Eastern Europe Latin America North America Northern Europe Southern Europe Western Europe
Sector split
Consulting Financial Services Advertising/Publishing Construction Consumer & Luxury Goods Corporate Services Energy & Petroleum Healthcare High-Tech / Telecommunications Manufacturing Media & Entertainment Social Impact Primary Industries Transportation Travel/Leisure Services
INSEADs work hard, play hard mentality enables students to enjoy the perfect balance between schoolwork, job search, club activities, social events and traveling. The only thing you give up is sleeping It also facilitates an atmosphere of cooperation rather than competition, which is often prevalent in other business schools. INSEADers are extremely driven and ambitious individuals, yet they know how to have fun and acknowledge that sometimes you do not need to take yourself so seriously. I really enjoyed the strong emphasis on teamwork. Throughout my year at INSEAD I participated in approximately 15 different work groups, collaborating closely with more than 40 other students from a variety of backgrounds and nationalities. What people often dont realise is that the staff population is equally diverse, another factor which makes the INSEAD learning experience so unique. Amir Segall Class of July 09 Israeli Pre-INSEAD: Team Leader, Shaldor LTD, Israel Post-INSEAD: Transversal Projects Manager, Shiseido, France
So much of the learning at INSEAD takes place beyond the classroom, whether it is an elective in the BRIC countries, or on a two-week long real-time business simulation, or when we were asked to implement what we have just learned in class in the real world as we do in our negotiations class. The other unique aspect I found is the schools geographical location with Europe and Southeast Asia at our doorstep, we were so lucky to be exposed to so many new cultures and traditions. The key INSEAD takeaway for me is the sense of confidence that I can achieve whatever I want to. I now have an internationally recognised, geographically mobile qualification that allows me to pivot my career in almost any direction I choose. I am only now realising how much more I can do because of my INSEAD MBA! And with access to the world-wide INSEAD network, of which I am now a member, I am finding that it is much easier to get advice from fellow alums, draw on their experience, probe into new opportunities and help push my career forward in ways that I simply could not have done before. Rachna Chowla Class of December 09 British Pre-INSEAD: General Practitioner, Medicine, UK Post-INSEAD: Product Manager, Astra Zeneca, Italy
Life at INSEAD
Life at INSEAD, whether inside or outside of the classroom, is stimulating and intense. Although the pace of the programme is fast and participants have a schedule that is full with classes, group work and personal study time, life doesnt stop when study is done for the day. Both campuses have a strong work hard, play hard ethic and participants indulge in a wide variety of extracurricular and social activities. Life on campus is rich and varied. You could join one of the several career-oriented clubs such as Consulting, Private Equity, Energy or Women in Business, and network in a sector or industry in which you plan to pursue your career. If you have a talent for sports, perhaps you will represent INSEAD in inter-school matches. MBA participants also pursue an intense programme of social and leisure activities off-campus.
However you decide to spend your time, most likely, you will look back on your year at INSEAD as the best year of your life. Partners and families INSEAD is a real melting pot of cultures and languages so this is a great year for partners to meet new people, to broaden their horizons and even pick up a new language. With over 30% of the MBA participants coming to INSEAD with their partners, the partners have a very active life on campus. The INSEAD community is extremely childfriendly and both campuses offer play rooms for the babies and toddlers who are an integral part of the community.With a free run of the campuses, the children and their parents contribute to making the INSEAD experience an unforgettable one.
Bringing a newborn baby with me when I began INSEADs programme was both physically and mentally challenging. Looking back, I do not feel that I would have survived without the tremendous support that I received both from my family and INSEADs administration and the encouragement of my classmates. It was also very helpful to have an on-campus play room where I could feed my son in comfort and meet with other MBA students and partners who also had young children. In fact, my son enjoyed his own little INSEAD experience by meeting and playing with other babies from diverse backgrounds! Ayako Tokuyama Class of July 2010 Japanese
Alumni network
19,000+ 40,000+
MBA Alumni INSEAD Alumni
Our alumni live and work in over 160 countries across all continents. The INSEAD Alumni Association (IAA) brings together an active network of 43 national associations. The advice and encouragement that flows between INSEAD alumni is a very important tool in building business throughout the world.
Fontainebleau
New York
Caesarea, Israel
Abu Dhabi
Singapore
Key: Campuses Research Centre Alumni Networks (>100 Alumni) Alumni Networks (>10 Alumni) Office MBA alumni in 118 countries, all alumni in 160+
INSEAD was a great insight into excellent teamwork and camaraderie and prepared me for many real-life negotiations I would encounter in my career. It was the diversity of the participants that struck Alan when he arrived at INSEAD. Their different backgrounds and cultures and the way they looked at problems from a different angle gave me a good perspective of the different views to a problem. It also provided me with a global network of contacts. Alan recalls the strategy games for Market Strategy and International Finance as a particularly exciting part of his time at INSEAD.We used to take different roles and work all weekend simulating our plans and submitting our inputs on Sunday evenings. Alan went back to the Civil Service when he completed his MBA and remained there for 24 years, holding senior appointments such as Deputy Secretary of the Foreign Ministry and Permanent Secretary of the Transport Ministry.
The INSEAD experience gave me the confidence to examine issues from an economic and business perspective which helped me considerably when I was appointed to the boards of several government linked companies such like DBS Bank (Development Bank of Singapore) and PSA (Port of Singapore Authority). Alans experiences with these government linked organisations helped his transition into the commercial world in July 2002, when he was appointed the Group President of Singapore Press Holdings (SPH). Alan Heng Loon Chan, MBA 83D Singaporean CEO of Singapore Press Holdings Chairman of the Corporate Governance Council of Singapore
Scholarships
I was admitted to the MBA programme at the height of the current financial crisis, which meant that my savings had taken a severe hit and my startup company wasnt in the best of shape to say the least. The fact that I couldnt find a single source of MBA loans willing to finance an Iraqi meant that a scholarship was my only hope for funding. Consequently, receiving the Theo Vermaelen Scholarship was crucial for me to be able to attend INSEAD. Furthermore, the fact that INSEAD has a scholarship dedicated to Iraqis emphasised the schools commitment to international diversity, and its desire to bring Iraqis into this community, which I hugely appreciate. Faris Al-Rifai Class of July 2010 Iraqi INSEAD Theo Vermaelen Scholarship Recipient As an entrepreneur, I self-funded the cost of the MBA. While I believe that the INSEAD tuition is an excellent investment in my future, the scholarship I received significantly cushioned the financial burden. This is an important consideration for students who plan to embark on an entrepreneurial career after INSEAD. Entrepreneurship tends to be a lower-paying career track in the beginning compared to a corporate career, so it is important not to have too stringent obligations from student loans. INSEADs generous scholarships help free up funds that allow students to pursue their ambitions and start out on their own. Kristina Vetter Class of July 2010 German INSEAD Admiral Scholarship Recipient
January 2012 intake (Class of December 2012) 1st round: 2nd round: 3rd round: 30 March 2011 15 June 2011 03 August 2011
INSEAD Asia Campus 1 Ayer Rajah Avenue Singapore 138676 Tel: +65 6799 5388 Fax: +65 6799 5399 Email: mba.info@insead.edu INSEAD Europe Campus Boulevard de Constance 77305 Fontainebleau Cedex, France Tel: +33 (0)1 60 72 40 00 Fax: +33 (0)1 60 74 55 00 Email: mba.info@insead.edu INSEAD Abu Dhabi Campus Muroor Road - Street No 4 P.O. Box 48049 Abu Dhabi, United Arab Emirates Tel: +971 2 651 52 00 Fax: +971 2 443 94 61 Email: mba.info@insead.edu www.insead.edu