European School of Management and Technology

The European School of Management and Technology, also known as ESMT Berlin, is a private non-profit business school based in Berlin, Germany. The business school was founded in 2002 by 25 global companies and institutions including McKinsey & Company, Inc., KPMG, The Boston Consulting Group, Siemens and T-Mobile. ESMT offers a full-time MBA, an executive MBA, a part-time MBA, a global online MBA, a master in management, a master in global management, a master in innovation and entrepreneurship, a master in analytics and artificial intelligence program, as well as open enrollment and customized executive education programs.

ESMT Berlin
MottoEmpowering people to create a better tomorrow
TypePrivate non-profit
Established2002[1]
Endowment€124 million (as of December 2022)[2]
PresidentJörg Rocholl[3]
Academic staff
46 members from 19 countries (as of September 2023)[4]
Students900+ (cumulative in 2022)[5]
Address
Schlossplatz 1, 10178
,
Berlin
,
Germany

52°30′56.5″N 13°24′05.3″E
AffiliationsAMBA
EQUIS
AACSB
FIBAA
Wissenschaftsrat
Websiteesmt.berlin

ESMT Berlin is regarded as one of the most prestigious business schools in Europe,[6] ranked 7th by the Financial Times and 12th by Bloomberg Businessweek.[7][8] It is one of four business schools in Germany with triple accreditation from the European Quality Improvement System (EQUIS), the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBAs (AMBA).[9]

History

ESMT Berlin was founded in 2002 by 25 multinational firms. The school focuses on management, analytics, and technology and is a state-accredited university. ESMT has a satellite campus in Berlin-Schöneberg and a branch office in Shanghai. The school has more than 8,000 alumni in chapters located worldwide and around 3,500 executives and managers participate in the ESMT Executive Development Programmes each year.[4]

The origins of the school lay in the founding companies wanting to break from the limited, German executive education which characterized the country's business schools and the desire for a style that was less American and more culturally complex. Former ESMT President, Lars-Hendrik Röller, noted in 2009 that the school is very interested in societal impact and students need to exhibit long-term, socially responsible leadership.[10]

Berlin campus

Programs

ESMT Berlin offers a full-time MBA, an executive MBA, a part-time MBA, a global online MBA, a master in management, a master in global management, a master in innovation and entrepreneurship, a master in analytics and artificial intelligence program, and several executive education courses. It also has a Ph.D. program.[11][12][13]

The full-time MBA is a 15 month, personalized program that starts in January each year. The MBA focuses on innovation, technology, managing big data, sustainable business development, entrepreneurship, and global strategic management.

The Part-time Blended MBA in Business Innovation covers topics, such as customer centricity, entrepreneurial strategy and innovation, digital business, and agility. The program comprises 75% online MBA study and 25% in person over 14 weekends in either Berlin or Munich.

The Berlin Global Online MBA is a 24-month program with the option to take up to five years to complete it at the student’s own pace. It targets professionals working full-time while providing the opportunity to gain knowledge, specifically on Analytics, Innovation and Leadership. Students choose add-ons to the scheduled courses, adding in personalized career coaching, or taking a global module either in Berlin, or a global week international field study.

The Master in Global Management lasts for 24 months.

The Master in Innovation & Entrepreneurship is a 2 year program starting in September every year.

The new Master in Analytics & Artificial Intelligence is a 2 year program starting in September every year. Courses include Machine Learning Basics, Data Scraping & Processing, Predictive Analysis, and Risk Modeling. Students also take part in a targeted internship and additional finance courses.

Accreditation

ESMT Berlin is accredited by Association of MBAs (AMBA), Association to Advance Collegiate Schools of Business (AACSB), European Quality Improvement System (EQUIS), and Foundation for International Business Administration Accreditation (FIBAA).[14][15][16][17] It is only one of four business schools in Germany with triple accreditation.

Rankings

Rankings
Business Rankings
Global MBA
Financial Times (2023)[18]10 (#1 in Germany)
European Business School Rankings
Financial Times[19] 8
Bloomberg Businessweek[8]
 12

European Business Schools

MBA

Executive MBA

Master in Global Management

The front of the Berlin campus
Former Cologne campus

Executive Education

Campuses

Berlin

The school's headquarters and main campus is located in the former GDR State Council Building in Berlin next to the Federal Foreign Office and opposite of the UNESCO world cultural heritage Museum Island. Constructed in 1960s' socialist architectural style to host the Staatsrat (State Council) of the GDR, it represented the supreme institution of the East German state governance. From 2004 to 2005 the building underwent an extensive renovation supervised by the German architect HG Merz. The main foyer is accessible to the public and guided tours are available.[30]

From 1999 to 2001 the building served as the Federal Chancellery (Berlin) under former German Chancellor Gerhard Schröder. Since its renovation, it has acted as a venue for seminars, lectures, conferences, and social events for academic institutions, government agencies, as well as groups and companies.[31] The building received further improvements in 2017, with the remodelling of the third floor conducted to accommodate the significant increase in the number of students. This led to the creation of the new library, four seminar rooms, the ESMT research lab, eleven group study rooms and a student lounge.[32]

Cologne

The school's former Cologne campus, Schloss Gracht, is a historic castle and grounds where the Metternich family lived for centuries. From 1968 it was the home of the Universitätsseminar der Wirtschaft (USW) which offered executive education courses. USW was later integrated into ESMT Berlin and became the site of ESMT's German-language executive education courses. After successfully integrating the courses into the main campus of ESMT in Berlin, Schloss Gracht was sold as of November 30, 2018.[33] It will be converted into a stress and sports medicine centre.[34]

Partnerships and cooperations

ESMT is a member of the Global Network for Advanced Management, a collaboration of graduate schools of business that seeks to foster intellectual ties among business schools, students and deans from both economically strong regions and those on the horizon of economic development. Partner institutions in this network include Yale University, University of California, Berkeley, University of Oxford, University of New South Wales, HEC Paris, IIM Bangalore, University of British Columbia, National University of Singapore among others.[35]

ESMT is a part of the Global MiM Network in association with Imperial College London, Singapore Management University and Queen's University at Kingston which enables students at each member school to take courses at one or more partner institutions, providing a more global study experience without the bureaucracy or the cost of a full-time overseas program.[36]

ESMT has national partnerships with Humboldt University, Free University Berlin, Technical University of Berlin, Hasso Plattner Institute as well as more institutions. ESMT is a member of the MBA alliance, comprising the top 5 business schools in Germany with Mannheim Business School, Frankfurt School of Finance & Management, HHL Leipzig Graduate School of Management and WHU – Otto Beisheim School of Management.[37]

Centers and chairs
Entrance Hall Staircase at the State Council Building

Centers and institutes[38]

  • DEEP - Institute for Deep Tech Innovation
  • Digital Society Institute (DSI)
  • FUTURE Institute for Sustainable Transformation
  • Hidden Champions Institute (HCI)
  • Institute for Endowment Management and Entrepreneurial Finance (IFEE)
  • Bringing Technology To Market Center (BTM)
  • Center for Decisions, Models, and Data (DMD)

Chairs[38]

  • Deutsche Bank Professor in Sustainable Finance
  • Deutsche Post DHL Group Professor in Sustainable Accounting
  • Deutsche Telekom Chair in Leadership and HR Development
  • ESMT Chair in Entrepreneurship
  • Ingrid and Manfred Gentz Chair in Business and Society
  • Joachim Faber Chair in Business and Technology
  • Lufthansa Group Chair in Innovation
  • Michael Diekmann Chair in Management Science
  • Volkswagen Group Junior Chair for Diversity in Organizations

Organisational structure

The main governance structures are the Executive Management Committee, chaired by Jörg Rocholl, PhD, President and Managing Director of ESMT Berlin and the Supervisory Board of ESMT GmbH chaired by Werner Zedelius, Senior Advisor, Allianz SE.[39][40]

Founders
Federal Chancellor Angela Merkel giving a keynote speech at ESMT Berlin (2006)

The school's founders include:[41]

References
  1. "ESMT: International Business School with Strong Corporate Support". ESMT.
  2. "Facts and figures". European School of Management and Technology. Retrieved 9 August 2020.
  3. "Jorg Rocholl". Bruegel.
  4. "Key facts | ESMT Berlin".
  5. "About | ESMT Berlin". esmt.berlin.
  6. "The Business School At The Heart Of Berlin's Changing Economy". businessbecause.com. Retrieved 2019-03-10.
  7. "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2021-12-06.
  8. "Bloomberg Businessweek European Business School Ranking 2021". bloomberg.com. Retrieved 2021-09-15.
  9. "The Triple Accredited Business Schools (AACSB, AMBA, EQUIS) (page 2/3)". mba.today. Retrieved 2019-08-15.
  10. "Back to the future: Restored at a cost of €35m, ESMT's story is that of modern Berlin". Independent.co.uk.
  11. European School of Management and Technology (4 December 2013). "ESMT receives right to grant PhDs" (press release). Retrieved 16 May 2018.
  12. European School of Management and Technology. Degree Programmes. Retrieved 16 May 2018.
  13. European School of Management and Technology. Executive Education/ Retrieved 16 May 2018.
  14. AMBA. Accredited Business Schools. Retrieved 17 May 2018.
  15. AACSB. AACSB-Accredited Universities and Schools (Germany). Retrieved 17 May 2018.
  16. EFMD. EQUIS Accredited Schools Archived 2018-02-23 at the Wayback Machine. Retrieved 17 May 2018.
  17. FIBAA (February 2016). Assessment Report: European School of Management and Technology. Retrieved 17 May 2018
  18. "Global MBA Ranking 2023". Financial Times.
  19. "FT European Business Schools Ranking 2021".
  20. "FT European Business Schools Ranking 2022".
  21. ESMT Berlin made a strategic decision to extend our full-time MBA program, thus making it even better for our students, by including internships, exchange programs and other opportunities. A result of this extension is that ESMT does not appear in the Financial Times Global MBA Ranking 2023. Although ESMT has demonstrated its ability to run a sustainable, sizeable program each and every year, the technicality of having no graduates in the calendar year 2020 means exclusion from the ranking this and next year. ESMT Berlin will be back in the FT Global MBA Ranking in 2025. https://poetsandquants.com/2023/02/12/financial-times-2023-mba-ranking/
  22. "Business school rankings from the Financial Times - FT.com". rankings.ft.com.
  23. "Conozca los resultados del Ranking MBA Global 2021". AméricaEconomía | AméricaEconomía (in Spanish). 2021-05-24. Retrieved 2022-05-11.
  24. "2021 MBA & Business School Rankings | Which MBA?".
  25. "The Economist Which MBA? Executive MBA Ranking 2020". The Economist. Retrieved 30 June 2020.
  26. "Business school rankings from the Financial Times - FT.com". rankings.ft.com.
  27. "Masters in Management 2021 Ranking". The Economist.
  28. "Financial Times Global Ranking 2022".
  29. "Financial Times Masters in Management Ranking 2023".
  30. "ESMT Berlin | ESMT Berlin".
  31. "Historic beauty". schlossplatz1.berlin/. Retrieved 2020-09-10.
  32. "ESMT Berlin expands historic state council building". esmt.berlin/. Retrieved 2020-09-10.
  33. "ESMT Berlin sells Schloss Gracht and moves ahead with international expansion | ESMT Press".
  34. Komuth, Horst (4 May 2018), "Besitzer wechselt Schloss Gracht in Erftstadt wird zum Zentrum für Stressmedizin". Kölnische Rundschau. Retrieved 11 July 2018 (in German).
  35. "Members". globalnetwork.io/. 4 October 2012. Retrieved 2020-09-10.
  36. "Business schools launch global exchange programme for management students". imperial.ac.uk/. Retrieved 2020-09-10.
  37. "New MBA alliance of the five best business schools in Germany". frankfurt-school.de/. Retrieved 2020-09-10.
  38. European School of Management and Technology. "Centers & Chairs". ESMT Berlin. Retrieved 2018-02-12.
  39. "Allianz | Aufsichtsrat ernennt neue Vorstandsmitglieder und schlägt Kandidaten für Aufsichtsratswahlen vor".
  40. European School of Management and Technology. "Governing bodies". ESMT Berlin. Retrieved 2014-01-06.
  41. "ESMT Berlin - Master's in Management". Mim-compass. Archived from the original on 2015-04-18. Retrieved 2015-04-13.
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