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Press release

Berlin, April 16, 2013

ESMT annual figures show positive development of school

  •     Advancement of executive education and degree programs
  •     Accreditation by the Association to Advance Collegiate Schools of Business (AACSB)
  •     High ranking in Financial Times European Business School Ranking 2012

 

The annual figures 2012 of ESMT European School of Management and Technology document the positive progress of the international business school in Berlin. The number of participants in both executive education and degree programs increased last year. While 119 students were enrolled in the full-time and executive MBA programs in 2011, the number rose in 2012 to 133. In addition, the number of participants in executive education programs at ESMT grew to 2,506. The endowment of the school increased from 127.6 million EUR in 2011 to 128.1 million EUR in 2012, while revenues remained stable at 15.3 million EUR.

Michael Diekmann, Chairman of the Board of Management, Allianz SE, and Chairman of the ESMT Foundation Board of Trustees, said, “It is great to see that ESMT has continued to develop positively this past year. With successes in all areas of the business school, ESMT has shown that it is on the right track, even in economically unstable times.”

In April 2012 the Association to Advance Collegiate Schools of Business (AACSB) confirmed the quality of management education at ESMT. Only ten years after its founding, the business school received the international accreditation, which assesses, among other things, the quality of the faculty in research and teaching. ESMT was also ranked 23rd in the Financial Times ranking of European business schools 2012, up 19 places from 2011. ESMT was for the first time the highest ranked German business school.   

ESMT also showed a strong performance in other Financial Times rankings in 2012. In the Financial Times Executive Education Ranking 2012, ESMT was the only business school based in Germany to be ranked and was placed 16th worldwide and in the top ten for European business schools in executive education. Last year ESMT entered the Financial Times international ranking of executive MBA (EMBA) programs at 40 and was therefore the highest ranked stand-alone program in Germany.

Jörg Rocholl, president of ESMT, commented, “Encouraged by our success of the past year, we want to continue to distinguish ourselves further in our three focus areas: the management of technology, leadership and social responsibility, and European competitiveness - topics that define Germany’s industrial success. As an international business school with high quality in research and teaching, we will continue to attract top talent from around world to ESMT.”

In the Handelsblatt ranking 2012 of research in business administration faculties in DACH countries, ESMT moved up to place 18 from 23rd in 2009. When only considering the most prestigious A+ journals, ESMT ranked 5th. The ESMT R&D Annual Report 2012 also demonstrates the strength of ESMT’s research. ESMT published 28 peer reviewed articles, of which 14 are forthcoming, in the most influential academic journals, as well as three books, five book chapters, and eight case studies. In February 2012 ESMT became the first German institution of higher education to cooperate with Harvard Business School Publishing, which now successfully distributes ESMT case studies. Sascha Steffen joined the international faculty at ESMT in January 2012 as the Karl-Heinz Kipp Chair in Research. Since July 2012 Sumitro Banerjee, Associate Professor at ESMT, is the holder of the Ferrero Chair in International Marketing.

 

About ESMT

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.