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ESMT Annual Figures: 2010 a good year20.04.2011 - (idw) European School of Management and Technology (ESMT)
Executive education participants at record level
Growing number of students in degree programs
Turnover increases to more than 17.2 million EUR
Endowment grows to 115.2 million EUR
ESMT European School of Management and Technology in Berlin successfully closed the financial year 2010. The international business school was able to increase its revenues marginally to 17.2 million EUR (2009: 17.0 million EUR). In 2010 the schools founders and benefactors pledged their support of ESMT in general with additional funding of 50 million EUR over the coming years.
ESMTs endowment was increased from the year-end closing in 2009 of 93.16 million EUR to 115.2 million EUR in 2010. Dr. Clemens Börsig, Chairman of the Supervisory Board, ESMT and Chairman of the Supervisory Board, Deutsche Bank AG, said, 2010 was a good year for ESMT with more financial security to plan for the years to come. The speed and quality of the schools growth are impressive. This can be seen in ESMTs placement as the top newcomer worldwide and the only school from Germany in the Financial Times renowned executive education ranking.
The expansion of ESMTs international faculty also advanced successfully with three new professors coming to ESMT in 2010. By the end of the year, ESMTs faculty consisted of 31 members from 20 countries. An additional chair was also established, the Deutsche Telekom Chair in Leadership and HR Development. At the same time the number of employees at ESMT grew by 12 per cent, from 123 to almost 138 full-time equivalents.
The number of students and participants in all program areas at ESMT also increased. A total of 103 students were enrolled in the full-time and two executive MBA programs at ESMT, a rise of almost 16 per cent from 2009. ESMT also continued to expand its MBA scholarship programs with the ESMT Academic Excellence Scholarship, the Tagesspiegel Diversity Scholarship, and the Kofi Annan Fellowship, giving financially disadvantaged candidates or those from underdeveloped areas the chance to study at ESMT. An almost 20 per cent increase in the number of executive education participants brought the business school to a record level of 2,418 participants in 2010. ESMT was also able to considerably expand its customer base and win over medium-sized businesses as well as renowned international companies.
2010 was an important year for us to establish ESMT for the long term as an international business school in Germany with cutting-edge research, high-quality executive education, and attractive degree programs for top talents from around the world. In 2011 we have made it a priority to continue our expansion in the management of technology and innovation, said Professor Lars-Hendrik Röller, ESMT President.
Farhad Dilmaghani, +49 (0) 30 21231-1042, email@example.com
Ulrike Schwarzberg, +49 (0) 30 21231-1066, firstname.lastname@example.org
ESMT European School of Management and Technology was founded in October 2002 by 25 leading global companies and institutions. The international business school offers full-time MBA and executive MBA programs, as well as executive education in the form of open enrollment and customized programs. The business school works closely together with ESMT Competition Analysis, which provides research-oriented consulting services in the areas of competition and regulation. ESMT is a state-accredited private business school based in Berlin, Germany, with an additional location in Schloss Gracht near Cologne. http://www.esmt.org
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