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October 27, 2008

Changing World, Adapting Education

Catherine New
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Recent weeks have left no doubt that the business world has made a fundamental shift: the marketplace — including every up and down — is now global.

In an address to students earlier this year, Dean Glenn Hubbard emphasized that opportunities for students are now increasingly global in nature. “The overwhelming forces of globalization and the demands for international finance,” said Hubbard, “should be a source of optimism for MBA job seekers.”

And if the practice of business is now global, so too must be the theory. EMBA-Global has met that need for international education with its partnership between Columbia Business School and London Business School, which started in 2000.

The success of the New York and London-based program, rated No. 1 overall by the Financial Times in rankings published October 27, has brought expansion to yet another world financial center: Hong Kong. Next May, EMBA-Global Asia will welcome its first executive MBA students at HKU Business School.

“Students have an unmatched opportunity,” said Ethan Hanabury, associate dean of Executive MBA Programs at Columbia Business School, “to study global business in every respect — through professors from each of the three institutions and their fellow students, who are accomplished executives from around the world.”

“Business and the management of people and organizations is becoming increasingly complex in today’s fast-moving and inter-dependent world,” said Lyn Hoffman, associate dean at London Business School. “The events of recent weeks are a sobering reminder of how important it is to equip our students with global business capabilities. EMBA-Global has sought to do that, and we are delighted that our alumni are having such success in their own global careers.”

The internationalism of the program, with classes in the world’s three major financial hubs, provides a key advantage for firms that are trying to meet new challenges.

“We are finding that for current [EMBA] students it is a great time to be in business school,” Hanabury said. “They can bring insights right back into the workplace. Companies want perspective about the changing economic landscape and to learn about current research.”