The part-time EMBA (executive MBA) course takes place during week-long
modules once a month, with months spent alternately in London and New York.
Many of those taking part work in banking and finance.
The 'EMBA-Global' course is targeted at students with cross-national job
responsibility. At 60,000, fees are substantially higher than the 36,000
required to undertake a standard MBA course at LBS.
In addition to meals, and rooms at Hilton hotels in London and New York,
fees cover access to the full range of elective courses at both London and
Columbia. Students will in a sense come away with two MBA degrees from two
leading business schools, plus access to the alumni network of both.
Inger Pedersen, programme director for the EMBA-Global at LBS, says that the
combination of the two schools provides a particular strength in finance.
Columbia came fourth for finance in the Business Week rankings (2000) and
LBS is known for its finance specialism and popular Masters in Finance
Pedersen said strategy and organisational behaviour also play a big
role in the course, with a particular focus on leadership development.
Other joint EMBAs include the TRIUM EMBA, which is to be offered jointly by
the London School of Economics (LSE), New York University's Stern Business
School, and the HEC Paris Graduate Business School from September 2001.
Wharton in the US, and Insead in France and Singapore, also have plans for a
The Otto Beisham Graduate School of Management in Germany already runs an EMBA
programme with the JL Kellogg Graduate School of Management based near
Peter Calladine, educational services manager at the AMBA
(Association of MBAs) says that the creation of global EMBAs is market driven.
"Business schools are simply responding to demand. There is an obvious advantage of
studying in a multi-campus scenario: students are experiencing MBA learning
in the global business environment - New York today, and London
Finance professionals form the largest professional group taking
the EMBA at LBS and Columbia. Among them is Ross Newman, a vice president of Deutsche
Bank's global markets division. Newman says a key advantage of the EMBA is the part-time course structure, which means that he can continue working at Deutsche
"The opportunity cost of stepping away from an investment banking
career is high. If you are looking to advance your career it is a contradiction to
take two years out for study," he says. Proximity to financial centers is
also a plus. "You can see Wall Street from Columbia," he adds.