Business Leaders Value Knowledge in Face of Crisis - Executive MBA Class X Begins

27.11.2008

 

Fifty business leaders today began the 10th International Executive MBA Programme at the Baltic Management Institute (BMI), including executives from top local and international companies.

“People realize that knowledge and leadership skills become even more important to survive and gain advantage when markets decline,” BMI Director General Jaunius Pusvaškis said. “Applications to business school have increased worldwide this year.”

BMI’s new group of talented students represent some of the region’s best-known brands, including banks (SEB, Nordea Bank, Danske Bank, Bankas Snoras), food and beverage makers (Švyturys-Utenos alus, Vičiūnai, Vilniaus duona, Pieno žvaigždės), telecommunications providers (Omnitel, Teo LT, Tele2), insurers (Lietuvos Draudimas, AIG Life, PZU Lietuva), law firms (LAWIN, Kazlauskas & Degesys Solvings), the research company RAIT, and others. New EMBA students also come from global business organizations such as PricewaterhouseCoopers, Statoil, Hay Group, Johnson & Johnson, MARS and BNTP.

Among the members of BMI Executive MBA Class 10, one third are chief executives of their organisations and more than half hold other senior management positions. They have an average age of 33 and average management experience of 6 years. One third are women. All survived a lengthy admissions process which tested candidates’ competence, drive and vision.

“This is one of the strongest, most diverse groups that BMI has ever seen,” said BMI Academic Dean Prof. Pierre Semal, who has taught in the EMBA Programme since it began in 1999.

BMI is a consortium of HEC School of Management in Paris, who’s Master in Management is rated No. 1 in Europe by the Financial Times, Denmark’s Copenhagen Business School (CBS), LSM in Belgium, NHH in Norway and Vytautas Magnus University as the Lithuanian partner.

Professors from top European business schools teach the EMBA courses in English at BMI’s facilities in Vilnius. EMBA Class X includes two significant innovations: a study trip to China and real-life project work.

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