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Classes Begin at Chicago GSB's New Europe Campus in London

August 02, 2005

On Monday, August 1, classes will begin at the new London campus of the University of Chicago Graduate School of Business.

Ninety-one executives representing 37 countries in Europe, the Middle East, Africa, Asia, and Latin America are enrolled in the school’s 12 th executive M.B.A. program in Europe, the first using the school’s new London campus.

The executives starting the program include a partner with Ernst & Young in the Netherlands, the national sales director from Citibank in Egypt, the marketing director for Gillette in the U.K., and the chairman of Rosevrobank in Russia.

Other students include an internal auditing manager for the Sultan Center Company in Kuwait, the vice president for global sales and marketing for Alcatel in France, a brand manager for Bayer in Switzerland and a project manager for the African Development Bank in Tunisia.

Sixty-eight of the students live outside the U.K., including 11 executives from Germany representing the largest group of non-U.K. students from one country in the program. Ten are from Russia, eight from Spain and seven from Switzerland.

Other students are coming from India, Denmark, Israel, Poland and elsewhere. The students continue working at their full-time jobs while they study for their M.B.A.

Classes in London will be taught by regular members of the Chicago GSB faculty. The faculty includes renown scholars in economics, finance, accounting and other disciplines. Two Nobel Laureates currently teach at the school.

The students participate in 16 one-week modules over 20 months. Three of the 16 weeks of classes will take place at the school’s campuses in Chicago and Singapore studying with executive M.B.A. students there. In addition, students from the Asian and North American programs will travel to London to join the London-based students. So one-fourth of the total classroom hours in the program will be spent studying with executives from other parts of the world.

“We are encouraged by the strong interest in our program in London from executives and from leading corporations throughout Europe and other areas,” said Edward Snyder, dean of the University of Chicago Graduate School of Business. “This is a unique learning system,” he said.

During the first week of classes in London the students will study microeconomics and financial accounting. The curriculum for the program also includes corporate finance, marketing management, competitive strategy and other topics.

The typical student in the program is 35 years old and has 11 years of work experience, the school said. More than one-fourth of the students are working in the finance and banking industry, while one-sixth are management consultants.

The school relocated its European campus from Barcelona to take advantage of London’s high concentration of corporate headquarters, Snyder said. The new campus is located in the Woolgate Exchange, 25 Basinghall Street.

(NOTE TO EDITORS AND REPORTERSMore information about the first group of students enrolled in the London program is available.)

The University of Chicago Graduate School of Business is one of the world’s largest and oldest business schools. Founded in 1898, it offers full-time and part-time MBA programs in addition to a Ph.D. program, open enrollment executive education and custom corporate education. The school has campuses in London, Chicago and Singapore. Current enrollment includes 1,100 full-time MBA students, 1,900 part-time MBA students, and 110 Ph.D. students. Six current or former faculty members have won the Nobel Prize in economics.

Included among the school’s many successful alumni are James Kilts, chairman, president and chief executive of Gillette, Karen Katen, vice chairman of Pfizer and president of Pfizer Human Heath, and Brady Dougan, chief executive of Credit Suisse First Boston.