ESMT Annual Figures 2011: School developing positively
- Successful year for executive education and degree programs
- Endowment increased to 127.6 million EUR
- American sociologist named Deutsche Telekom Chair
ESMT European School of Management and Technology released its annual figures for 2011 today. The international business school’s revenues in 2011 totaled 15.3 million EUR, excluding income from the guest house and the now independent ESMT Competition Analysis. Executive education and degree program revenues increased by 1.8 million EUR when compared to 2010.
ESMT’s endowment grew in 2011, amounting to 127.6 million EUR at year’s end (2010: 115.2 million EUR). ESMT also increased the number of students in its full-time and executive MBA programs. A total of 119 students were enrolled at the school in Berlin, 16 percent more than in 2010. There was also a slight increase in the number of participants in executive education to well over 2,400. Michael Diekmann, Chairman of the Board of Management, Allianz SE, and Chairman of the ESMT Foundation Board of Trustees, remarked, “ESMT has continued its positive development during the past year, especially with the growth in executive education and degree programs.”
The expansion of the school’s international faculty, made up of 32 members with 19 different nationalities at the end of 2011, continues to progress. In May 2011, Matthew Bothner joined ESMT as full professor and holder of the Deutsche Telekom Chair in Leadership and HR Development. Previously, Matthew Bothner was a visiting associate professor of sociology at Cornell University and an associate professor of organization and strategy at the Chicago Booth School of Business. At the beginning of 2011, ESMT also recruited two professors in the area of innovation, strategy, and entrepreneurship, Linus Dahlander and Stefan Wagner. The assistant professors, who came from Stanford University and Ludwig-Maximilians-University LMU in Munich respectively, research and teach in the area of technology management, an important focus of ESMT.
“ESMT has successfully pursued its goals this past year as shown by the good placement in the Financial Times ranking of executive education, the expansion of research quality, and the increase in revenues and participants,” said Prof. Jörg Rocholl, President of ESMT and Ernst & Young Chair in Governance and Compliance. “In 2012 we want to extend ESMT’s significance internationally with top research that attracts renowned academics.”
ESMT European School of Management and Technology was founded in October 2002 by 25 leading global companies and institutions. The international business school offers a full-time MBA, an executive MBA, and open enrollment and customized executive education programs. ESMT focuses on three main topics: leadership and social responsibility, European competitiveness, and the management of technology. Additionally the business school provides an interdisciplinary platform for discourse between politics, business, and academia. ESMT is based in Berlin, Germany, with an additional campus in Schloss Gracht near Cologne, where USW Netzwerk runs the German-speaking executive education programs of the business school. ESMT is a private business school, accredited by the German state, AACSB, AMBA, and FIBAA.