How To Get An Executive Mba At Tulane

Transcription

1 Tulane University - Houston Freeman School of Business Executive MBA Program The fast-moving world of business doesn't stop, or even slow down, to allow managers and executives to catch up. The minute you think you've mastered the game, it changes. That's why Tulane's Freeman School of Business offers the latest knowledge and skills required for management success in accelerated weekend formats. Our programs enable busy managers to earn their MBA degrees with minimal interruption to their careers and personal lives. Contents The MBA Advantage The Tulane Difference Benefits for Students Benefits for Employers Global Focus Stewart Center for Executive Education Tulane in Houston Program Features International Seminar Facilities Schedule Curriculum and Courses Computer Requirement Admissions Ask a Student Sponsorship Tuition and Financial Aid FAQs Contact Us At Tulane, you will work and learn with your professional peers, draw from their diverse backgrounds, sharpen your analytical and strategic skills, and improve your business acumen all within a global context. Whether you enroll in our New Orleans, Houston, Asia or Chile programs, you will earn your MBA in less than two years and, more importantly, you will gain the confidence and competence to conquer any career challenge. Tulane s MBA programs are fully accredited by AACSB International and are consistently ranked among the top programs in the world by Business Week, Financial Times, and other leading business publications. Based in New Orleans, a city celebrated for its food, music, architecture, and diversity, Tulane is home to world-renowned

2 faculty and world-class educational facilities, providing students with access to the latest technological and business resources. If you are a high-potential achiever, manager, executive or professional seeking expertise and advancement within the ranks of business leadership, Tulane can provide the program you need to bring success to your future. The MBA Advantage With over 20 years of experience in Executive MBA education, Tulane's Freeman School understands the unique educational requirements of working professionals. We constantly revise and renew our curricula to meet the changing needs of business and our executive participants, providing thorough and rigorous MBA education in accelerated, weekend formats. Tulane's Executive MBA and Option II MBA programs are designed for busy managers to take on even greater levels of responsibility within their organizations. Immersing themselves into the courses offered, executive students immediately apply newly learned knowledge, techniques, and methods to their workplace. The benefits to the participants and their companies are immediate. The broad-based curricula include courses in accounting, economics, finance, management, marketing, organizational behavior, and strategy. Each course is designed to provide experienced professionals with the analytical and strategic skills they need to excel in top-level management positions or to manage their own businesses. New Orleans and Houston programs offer concentrations in finance and general management, so that participants can add depth to their knowledge by choosing electives within a particular field of study. The Tulane MBA provides a valuable business edge. The Freeman School's reputation is known and respected around the world. The distinguished faculty bring strong academic credentials and a wealth of real-world experience to the Executive MBA classroom. Students who are selected to participate in our programs bring a diverse set of skills, experiences, and perspectives to the Executive and Option II MBA classrooms. The knowledge and insights acquired from fellow classmates is one of the most unique and rewarding components of a Tulane EMBA education. Finally, the Stewart Center for Executive Education makes it as convenient as possible for busy executives to earn their degrees. Essentially, we manage all the details, so you can concentrate on learning. The Tulane Difference Tulane University has a long history of academic excellence, and the Freeman School of Business continues that tradition. Freeman's MBA and EMBA programs have been ranked among the best in the world by Business Week, Forbes, Financial Times, America Economia and other leading business publications. While rankings are important, they cannot fully capture what sets Tulane's Executive MBA programs apart from other EMBA offerings. One of the 17 founding members of AACSB International, the premier accrediting body for business schools, Freeman launched its first EMBA program in Since then, we have developed innovative executive programs for mid- to senior-level managers in the United States, Asia, Europe, and Latin America. With our 23 years of experience in delivering Executive MBA programs, and our continual curricula and program innovation, you can rest assured that we will deliver exactly what our EMBA students need to succeed. After all,

3 their success is our most important goal. We expertly manage all of the administrative details of the program, so you can focus on classes, study teams, and skill building. Tulane offers open-enrollment EMBA programs around the globe, meeting the management education needs of a diverse set of managers and professionals. No matter which Tulane EMBA program you choose, you will earn your MBA degree in less than two years, without jeopardizing your current job or your personal time. While our programs are designed to fit the busy schedules of our participants, we understand the value of face-to-face class and group study time that you need to gain knowledge and build skills for business success. We know our students. Our Executive MBA classes are small, so you will quickly get to know your classmates, Freeman faculty and the administrative staff. We are able to respond quickly to our students' needs, and you will never get lost in the crowd. Our world-renowned Freeman faculty members are experts in their fields, and bring to the classroom extensive management knowledge, real-world experience, superior teaching skills, and distinguished academic credentials. Faculty members will frequently use student feedback to make their courses as relevant as possible to the changing world of business. Tulane University is a private educational institution. We are selective in our admission process, and bring in only those top students who will contribute to the rich diversity of the EMBA classroom and your continued management success. Students at Tulane's Freeman School have access to world-class facilities. Goldring/Woldenberg Hall and the new Goldring/Woldenberg Hall II are equipped with highly innovative technology and offer exceptional resources, whether on- or off-campus. You will become a member of Tulane's worldwide alumni, an elite set of global and regional business leaders, who become lifelong personal friends and professional resources. Benefits for Students Would you like to earn an MBA without losing career momentum? The Executive MBA programs at Tulane-- offered in five locations around the globe--bring you the degree you need from a university highly regarded for its faculty, curriculum, reputation and recognition worldwide. New Orleans and in Houston, you can earn your MBA degree in as little as 19 months by attending Executive MBA program classes on alternate weekends and two weeklong sessions. Our Option II program in Houston offers a 23-month, alternate weekend MBA program for young professionals who cannot afford to miss work on Fridays. Our 13-month Asia EMBA program takes advantage of executive programs completed in Asia and augments those with selected courses taught by Freeman faculty in Shanghai Taipei and in New Orleans The Chile MBA for the Americas program is a 22-month, joint project between Universidad de Chile and Tulane University's Freeman School, and offers MBA degrees from both universities. All programs include an international seminar. The formats are intense, yet manageable, allowing time for classes, study, team meetings, work, travel, and family. The Freeman faculty members who teach in our EMBA programs are among the best in the business. Many have taught in EMBA classrooms and worked as consultants around the globe. Using case studies, critical business research, and their unique practices and experiences, faculty members bring knowledge of current business trends and breakthroughs into the classroom. The result: real-time exposure to those strategic practices currently employed, all within a global framework.

4 Tulane's EMBA rosters are filled with professionals from all cultures, backgrounds, and walks of life. You work with and learn from entrepreneurs, physicians, lawyers, engineers, CEOs, CFOs, and presidents, all of whom bring divergent viewpoints and experiences to the classroom. Study teams are created to take advantage of these diverse skill sets. As students are exposed to new business concepts, this diversity adds new dimensions to the team experience. Team building is an essential component of Tulane's EMBA programs. Study teams of five to six people are formed to draw on the diverse academic and professional backgrounds of your class peers. The synergy that comes from working with such a rich mix of talented individuals invigorates and enhances every classroom lecture and team assignment. When you graduate from any of Tulane's EMBA programs, you take with you a network of lifelong friends and professional colleagues. Bound by mutual respect and a common will to succeed, this cadre of professional leaders will become personal friends you can count on wherever your career takes you. Across all of its programs, the Freeman School boasts an extensive alumni base that now totals more than 12,000 graduates. As a fellow Freeman graduate, these valuable resources will be available to you throughout your lifetime. No matter your background or future career goals, your Tulane EMBA degree will open doors within and beyond your profession, and will enable you to respond confidently to new business opportunities and challenges. Benefits for Employers Smart companies view the Tulane EMBA program as an investment, not an expense. The benefits to your organization are immediate as Tulane s Executive MBA program helps strengthen and retain some of your company's most profitable assets, your most promising mid- and senior-level managers. Whether you're a small entrepreneurial firm or a Fortune 500 company, you will quickly see the benefits of new knowledge and management tools applied in real business situations, as managers become more effective leaders within your organization. Our EMBA programs operate like think tanks for your company. While at Tulane, managers and professionals learn from the broad experiences, perspectives, and ideas of their classroom peers and Freeman faculty. Students gain insight from a vast world of executive management and entrepreneurial ventures. The result: access to innovative strategies and creative leadership that pay an immediate return-on-investment for your managers and your company. Hundreds of organizations representing nearly every major company in the world have sponsored students in Tulane's EMBA programs. When employers invest in a Tulane EMBA for their managers, everyone wins. The company can be confident that it is investing in a proven method for training individuals who are best-suited for top management. The executive and the company gain an arsenal of techniques, solutions, insights, and strategies to respond to the latest business opportunities and challenges, as well as specific analytical tools and methods that can be immediately applied within the organization. Professionals and small business owners can also benefit from Tulane's EMBA programs. These entrepreneurs recognize the value of a Freeman business education and are able to quickly profit from the knowledge, skills, and networks gained during the program. Global Focus Tulane's Freeman School of Business conducts Executive MBA programs worldwide. While our campuses in the United States, Latin America, and Asia are separated by distance, Executive MBA participants have opportunities to interact, whether sharing a classroom, working together on class projects, collaborating on international study teams, or networking at Tulane-sponsored events.

5 Our programs provide unique opportunities for executives to become more competent and confident global leaders. Many of our EMBA courses focus on the strategic and operational issues of doing business abroad; other courses routinely address global business issues as a matter of practice. Created to give students firsthand knowledge of diverse business cultures and practices, the international seminars offer students opportunities for face-to-face interaction with international business leaders. Students attend faculty lectures and host-country company visits, and can actively apply the skills and knowledge acquired in the program to global business setting. During the seminars, students will work in teams, solving real business problems currently faced by a company in the host city, and prepare written reports and oral presentations for the company's managers. One recent international seminar paired Tulane's EMBA students with a major industrial corporation in Paris that has operations in more than 90 countries around the globe and a workforce exceeding 120,000 people. Other international seminars have taken students to Brussels, Budapest, and Mexico City. Future planned destinations for New Orleans and Houston classes include Paris and Shanghai. While at Tulane, you will learn from faculty who teach, consult, and conduct business research internationally. Many of our Freeman faculty members teach across Tulane's worldwide business programs and are able to enhance every EMBA course with global case studies and the knowledge they have gained from teaching executives around the world. Your executive classmates, many of whom have lived and worked in Asia, Europe, Latin America, and other parts of the world, also bring their global experiences and perspectives to the EMBA classroom. In Tulane's EMBA programs, the EMBA student gains a unique exposure to a variety of global business climates, challenges, and opportunities. Stewart Center for Executive Education As a Tulane EMBA student, you will focus on attending classes, studying, working with your teammates, and building the skills and network you'll need to thrive in the fast-moving world of business. The Stewart Center for Executive Education does the rest, managing all of the administrative details of the program, including: Getting you off to a good start with our preprogram review courses. Assigning you to a study team with a diverse set of backgrounds and skill sets. Registering you for all of your courses in the curriculum. Delivering all the books and course materials you will need for each course into your hands. Providing meals on all class days so that you can use your time wisely and efficiently. Handling all the details of your intensive weeks and international seminar. Acting as your intermediary for any and all questions or concerns within the university as you move through your program. Giving you all the support you need so that you can focus on learning. The Stewart Center for Executive Education was named in 1994, recognizing a generous endowment by Frank B. Stewart and his family, who are longtime supporters of Tulane University. Mr. Stewart is a member of the Tulane Board of Administrators and is well-known for his contributions of timeless effort and perseverance for the betterment of Tulane University and the Freeman School. Houston Executive MBA Program Freeman School Tulane University Houston Tulane's A. B. Freeman School of Business offers its renowned Executive MBA program in Houston at world-class facilities near the Galleria. The accelerated 19-month program is designed for mid- to upper-level managers to

6 earn an MBA degree while maintaining their full-time careers. Tulane's Freeman School of Business and Executive MBA program has been ranked among the top EMBA programs and business schools internationally. For candidates who do not meet the experience and management requirements of the Executive MBA program, Tulane offers the Houston Option II MBA program. Designed for students with at least two years of work experience, Option II classes are conducted on Friday evenings and Saturdays of alternate weekends. Please contact us at TulaneMBA for more information. Tulane's Houston facility offers a convenient, comfortable, technologically superior learning environment for managers and professionals. Located near the Galleria at 1700 West Loop South, this state-of-the-art learning facility houses administrative offices, executive classrooms, meeting rooms, and dining facilities. The Center also provides a full range of audiovisual capabilities, wireless connectivity, and remote access to the Internet and to Tulane s intranet and extensive business library databases. Houston EMBA - Program Features Tulane's New Orleans EMBA program offers you: An innovative 19-month accelerated curriculum. Your choice of finance or general management concentrations. Highly respected, world-renowned faculty with exceptional teaching skills and real-world experience. Interaction and shared classes with Tulane's New Orleans and Chile EMBA students during a weeklong intensive session in New Orleans. Your choice of two international seminar destinations. A well-respected, internationally recognized University, with a solid reputation for excellence in academic scholarship and research. The Freeman School, a business school that is recognized globally and ranked among the best. An EMBA program that has ranked among the top internationally. An exceptional group of executive classmates and team members who are your professional peers and from whom you will gain new insights, perspectives, and knowledge. Small classes, so that you have more class time and you won't get lost in the crowd. State-of-the art facilities, technology, and resources for Executive Education at the Houston campus near the Galleria. An on-site program coordinator to assure the highest quality program delivery with the fewest hassles. An outstanding body of worldwide alumni. The highly respected Tulane MBA degree. An opportunity to change your future! Houston EMBA - International Seminar The Executive MBA curriculum prepares students for the international business seminar by focusing on the strategic and operational issues of doing business abroad. The international business seminar provides students firsthand knowledge of global business culture and practice, and offers face-to-face interaction with international business leaders. Students learn the specific challenges these companies face and the strategies employed to meet these challenges. In advance of the seminar, EMBA students work with managers of a selected company, and teams will prepare and present solutions to some of those challenges. The objectives of the seminar are: to understand global strategic imperatives for the 21st century and beyond,

7 to open a discussion of the economic, technological, and political environments which influence global business initiatives, to provide information about global business opportunities specific to the host country, to better understand the challenges faced by business in the host country, and to learn about the strategies used to meet challenges directly from those managers. The cost of the seminar, including airfare, lodging, and some meals, is included in the Executive MBA program cost. Recent seminars have taken students to Shanghai and Paris. Houston EMBA Facilities The Stewart Center for Executive Education and Executive and Option II MBA facilities are located at Tulane s Houston campus, and offer an excellent venue for management seminars and training programs for executives and professionals. Located near the Galleria at 1700 West Loop South, this state-of-the-art learning facility houses administrative offices, executive classrooms, lounge areas, meeting rooms, and dining facilities. The Center also provides a full range of audiovisual capabilities, wireless connectivity, and remote access to the Internet and to Tulane s intranet and business library databases. Lillian A. and Robert L. Turchin Library The Turchin Library is a modern business library that meets the comprehensive research needs of students, faculty, and staff and provides an excellent setting for individual and group study and research. Its extensive informational and reference resources include over 35,000 volumes, 700 journals, and a number of electronic databases, such as Dow-Jones, ABI/Inform, Disclosure, National Trade Databank, Compustat, and Business and Industry, for business periodical research and corporate information retrieval. The Turchin Library offers online access to an extensive list of periodicals, services, and databases. Enrolled students can access information from these databases via computer from virtually anywhere. Media Services Audiovisual support and production assistance is available to students for developing business presentation skills. The media services group offers a television studio, full production and editing capabilities, a viewing room, graphics processing, and computer- and video-projection equipment for classroom use. Management Communications Center Professional writing instructors review and evaluate course papers, oral and multi-media presentations, and case analyses. Students consult with instructors to improve oral and written communication skills and to answer questions about effective business communications. Management Technology Center Pentium-class Compaq multimedia workstations running the Windows NT operating system offer students access to a variety of Windows-based software applications, as well as Tulane's RS/6000 UNIX servers, Freeman School servers, and the Internet. Houston EMBA - Schedule Course Calendar and Curriculum Schedule Tulane's Executive MBA program is designed for mid- to upper-level managers and professionals to earn their MBA degree with minimal career interruption. Pre-Curriculum Prior to the program start, preparatory courses in Algebra and Quantitative Skills and in Accounting are held on Saturday/Sunday weekends. These refresher courses help students become comfortable with concepts that are introduced early in the curriculum. Prep courses, though optional, are highly recommended for all incoming students.

8 The Orientation and Team Building weekend is mandatory for students. Spouses and significant others are invited to join the class for Orientation. Curriculum The lock-step curriculum begins in Houston in December 2005 and continues through the International Seminar. The program begins with an intensive weeklong session in Houston, then moves to an alternate weekend structure, where students attend classes on Friday and Saturdays of alternate weekends. Midway through the program a second intensive week is held on New Orleans campus. The program culminates with an 8- day international seminar. Students graduate in August Houston EMBA - Curriculum The first two terms in the Executive MBA curriculum provide core management fundamentals and lay the groundwork for the program. The third and fourth terms build on this foundation and emphasize strategic management and problem-solving techniques. Operational concepts learned in Terms One and Two are integrated into the curriculum and provide executive students with the analytical and strategic skills needed to excel in top-level management positions or in managing their own businesses. Successful completion of the curriculum earns a Tulane MBA degree. Students complete 23 courses to earn an MBA degree and can choose from eight elective courses to earn concentrations in finance or general management. Executive MBA Curriculum Macroeconomics Managerial Perspectives Decision Models Legal Environment of Business Financial Accounting Management Communication Microeconomics Managerial Accounting Financial Management I Operations Management Financial Management II Strategy Formulation Financial Statement Analysis Marketing Management Managing People Negotiations Leadership & Teams Entrepreneurial Management Strategic Information Systems (elective) Global Marketing (elective) Strategy Implementation (elective) Management Elective (elective) Portfolio Theory & Management (elective) Cases in Finance (elective) Options & Advanced Valuation (elective) Corporate Risk Management (elective) Managing the Global Enterprise Macroeconomics - EMBA 711 introduces the theory of national income determination in relation to full employment, price stability, international trade, and economic growth. The emphasis is on macroeconomic issues for managerial decisions. Topics include the determination of interest rates, inflation, wage levels, real output growth, exchange rates, international trade patterns and how these variables impact business decision making.

9 Managerial Perspective - EMBA 712 provides a framework for analyzing and identifying key management issues and developing plans for action. Study focuses on identifying what managers do, what distinguishes effective management, how managers make decisions, and what makes a company excellent. Decision Models - EMBA 622 examines the art of solving problems under uncertainty. Course topics include descriptive statistics, probability, sampling distributions, confidence intervals, hypothesis testing and simple and multiple regressions. Methods are applied to management problems drawn from marketing, finance, economics, organizational behavior, and operations management. Managing People - EMBA 616 The course introduces students to some of the policies, practices, and procedures used to promote individual and group contributions to organizational effectiveness. The rationales as well as the assets and liabilities of such strategies are addressed. Microeconomics - EMBA 614 examines the key aspects of markets and economic behavior as they relate to managerial decision making. The basics of market supply and demand are developed with emphasis on applications to business decision making. The determinants and role of market structure are examined in relation to business competition, market concentration, and economic efficiency. Management Communication - EMBA 745 focuses on the different ways managers communicate within organizations and on the different ways companies communicate with both internal and external constituencies, including employees, shareholders, regulators, the public, etc. The practical emphasis is on student exercises and includes informal individual briefings, formal group presentations, and media events during crisis situations. The course also uses video and print media extensively to illustrate good and poor communication efforts on the part of existing corporations over the past several years, including examples from the oil and chemical industries, the mining industry, the tobacco industry, the accounting/consulting industry, and the wine/beer industry. Additional focus is on cross-cultural communication issues between the U.S., Asia, and Latin America through the use of international cases and various national ad campaigns. Students are encouraged to draw on their experiences and materials from their own backgrounds and companies. Financial Accounting - EMBA 615 familiarizes students with key financial accounting concepts, methods and terminology and introduces the tools of financial statement analysis. The financial reporting roles of management, auditors and regulators are studied, and students learn how accounting policy choices can influence reported performance and financial position. Students develop knowledge and skills that allow them to read, interpret and analyze financial statements at a basic level and to discuss business issues in accounting terms. Leadership and Teams - EMBA 752 The course introduces students to leadership in business organizations. Leading teams and leading during times of change are also covered. Students will study current business leaders and analyze their leadership practices. Team projects and presentations are used to illustrate team leadership. Current models of change are also discussed. Managerial Accounting - EMBA 621 applies the accounting models that support managerial decision-making in an advanced environment. Topics include cost behavior, cost-volume profit analysis, variable costing, differential (incremental) analysis, capital budgeting (with emphasis on the sources of accounting data), and interdivisional transfer pricing. Models are applied to service and merchandising as well as manufacturing environments. Marketing Management - EMBA 623*analyzes the market-driven corporation with respect to the marketing mix (product, promotion, price and distribution strategy) as it applies to consumer and industrial goods and services in the private and public sectors. Emphasis is placed on the application of the marketing mix through real-world projects. Financial Management I - EMBA 626 This course provides a rigorous introduction to the field of financial economics. The first section of the course develops an analytical understanding of the time value of money concept, and applies it through basic techniques for the valuation of stocks, bonds, and investment projects. Various capital budgeting rules are also discussed in this section. The second section focuses on capital markets including the statistical concepts of covariance and diversification and the capital asset pricing model. The third section introduces capital structure policy and discusses the impact of the different financing choices on risk and

10 required return on firm's equity. This section also introduces the notion of weighted average cost of capital. Operations Management - EMBA 624 This course provides a study of the concepts of management of production and service operations. Topics include product/process strategy, capacity planning, facilities location and layout, forecasting, aggregate planning, inventory control, materials management, project management, just-in-time systems, and modern manufacturing trends and concepts. The application of quantitative techniques to these decisions in emphasized. Financial Management II - EMBA 627 This course builds directly on the material covered in Financial Management I. The course focuses on the key policy decisions made in corporate finance and discusses their impact on firm and shareholder value. The course will include an in-depth analysis of firms' financing choices and capital structure and their role in capital budgeting decisions. The course also introduces the different discounted cash flow valuation techniques for the valuation of corporate cash flows. The last third of the course focuses on options, option pricing, and applications of option pricing in corporate finance including warrant and convertible bond valuation. Strategy Formulation - EMBA 631 increases understanding of the functions and responsibilities of general management. It examines the problems that affect the character and success of an entire enterprise, whether an entrepreneurial venture or a multinational conglomerate. Financial Statement Analysis - EMBA 739 Explores the principles and techniques for understanding and interpreting financial statements, including statement comparability, income measurement and disclosure, cash flow analysis, ratio analysis and the disaggregation of ratios, quality of earnings, account analysis, and footnote disclosures. The financial relationships of the accounting model are applied to published financial statements. Cases are used extensively. Legal Environment of Business - EMBA 646 introduces the basic concepts of contracts, labor laws, discrimination, torts, partnership, corporations, securities, and bankruptcy and gives students an understanding of the relationships between parties in a typical business setting. Tax consequences relative to various entities used in business transactions are also examined. Negotiations - EMBA 732 explores the behavioral processes and phenomena which are inherent in virtually all types of negotiations. Emphasis is on systematic preparation of a negotiating strategy. In-class negotiation exercises and extensive debriefings are used by participants to test and evaluate their strategies and tactics. Entrepreneurial Management - EMBA 746 conveys skills and modes of analysis that will be used directly in initiating or acquiring, managing, and harvesting a new venture. Concepts are also applicable to venturing within an existing corporation. Students will be expected to apply tools and theories learned in functional area core courses and additional knowledge gained from this class to the analysis of cases, a venture feasibility analysis process, and the formulation of a business plan. Managing the Global Enterprise - EMBA 709 focuses on the structure and processes of management, particularly those of a global organization, and simulates upper-level management activities of the global enterprise. Course objectives include developing an integrated understanding of strategic and operational decision-making in a global enterprise from a general management perspective. GENERAL MANAGEMENT OPTION: Strategy Implementation - EMBA 641 The course deals with the context and process of making strategy a reality, infusing meaning, purpose and values into the firm, and dealing with ethical issues. Stress is given to leadership, corporate culture and shared goals and values, and to business ethics. The goal is to encourage growth in wisdom in dealing with these topics. Classes use case method, and students write a business ethics case. Global Marketing - EMBA 748 includes case studies, group projects, and presents a framework for formulating and implementing international marketing strategies. The marketing decision process is studied in an international context.

11 ecommerce - EMBA 612 This course explores the underlying economics and emerging business models of internet-based commerce. Topics will include material such as web-enabled product design and delivery, information product design, dis-intermediation, re-intermediation, management of intellectual property rights, copyright/open source, and the role of standards and regulatory agencies. Examples and cases will be drawn from industry to illustrate the principles taught. Global Strategy - EMBA 743 offers ways to improve the students' understanding of the challenges and opportunities offered in the international business environment. Students learn patterns and methods for designing strategies, building alliances, and reshaping organizational structures in order to compete more effectively in the global arena. FINANCE OPTION: Cases in Finance - EMBA 737 Through case analysis, this course explores ways to value different types of business enterprises. The course emphasizes discounted cash flow methods of valuation, though other methods, such as the method of multiples, the venture capital method, and real options are also introduced. Students develop and practice valuation skills, such as financial forecasting, cash flow measurement, discount rate estimation and continuing value calculation. In addition, students work with a variety of corporate situations, such as LBO's, IPO's, spin-offs, and mergers, in which valuation plays a key role. Portfolio Theory & Management - EMBA 751 This course examines the foundations of investment theory and practice. It begins by elaborating the concepts of risk and risk aversion, wealth allocation between risky and riskfree assets, and optimally risky portfolios. The course proceeds to develop various asset-pricing models, paying special attention to the CAPM and APT. The course will also examine the concept of market efficiency and review the empirical evidence for and against efficiency. The second half of the course examines theories and strategies for managing investment portfolios. This includes surveying how securities are actually traded and cleared. It then examines theories of active portfolio management ranging from the Peter Lynch approach to more formal models such as the Treynor-Black model. Issues of asset allocation, extended (e.g. global and real asset) diversification, and investment company organization and policy formation are studied. The course concludes with a study of portfolio performance measurement. Real Options & Advanced Valuation - EMBA 761 This course will develop state-of-the-art quantitative tools for evaluating large, complex investment projects that cannot be evaluated in a satisfactory manner with standard discounted cash flow techniques. Issues covered include risk-adjusted probability measures and an introduction to modeling project cash flows as financial options. The course will also address financing and distribution policies and restructuring strategies with a special focus on the energy industry. The second half of the course will include valuing capital projects using discrete time and continuous time option pricing models. Special attention will be paid to actual and strategic real option problems in energy finance such as off-shore exploration and power plant management. Corporate Risk Management - EMBA 762 Corporations face a variety of risks including interest rate risk, commodity price risk, foreign exchange rate risk, counter party default risk and political risk in addition to the usual business risks of their chosen fields of operation. This course analyzes the corporate decision to hedge (or not to hedge) focusing on how these decisions maximize shareholder value. The course explores ways in which firms manage their exposure to product market and financial risk and provides a balanced treatment of commodity price, interest rate, and currency risks. Topics include swaps, financial futures, FRAs, options and other recent innovations in the derivatives markets. The issue of counter party default risk and risk management approaches such as VAR (value-at risk) are also studied.

12 Houston EMBA - Computer Requirement The Executive MBA student must have a notebook computer equipped with the appropriate software platform. New computer requirements and specifications are announced each fall. The Executive MBA curriculum requires basic computer proficiency and familiarity with Microsoft Word, Excel, and PowerPoint programs prior to the start of the program. Computer Resources New students' computers are configured for use within the Tulane and Freeman School systems during the initial class sessions. Students can then access the online resources available for campus and remote access, including , Internet, Intranet, online library databases and resources, and Blackboard. If you currently own a laptop computer that is less than three years old, you may not need to purchase a new laptop immediately, which could result in substantial cost savings to you. Our Freeman School IT staff can help you determine if your computer will be adequate for the program. Please contact us at TulaneMBA for more information. Houston EMBA - Admission The Executive MBA Admissions Committee evaluates each candidate for the Tulane Executive MBA program and considers the following key admission criteria: Professional Experience Demonstrated Ability Application Degree Requirements and Transcripts GMAT Personal Interview Recommendations Essays Application Fee Company Support Statement Application Process To apply, please click here to download application documents. Applications are reviewed and admission decisions are made as applications are completed. Applicants are notified immediately of admission decisions. All application information is strictly confidential. Application Deadlines Early Deadline: June 30 Late Deadline: October 31. Completed applications received after October 31 can be considered provided that classroom seats are available. Class sizes are limited. Applicants are encouraged to apply early. Professional Experience and Demonstrated Leadership The candidate is expected to have a minimum of seven years of full-time, postgraduate work experience, with five of those years in a position of significant management responsibility. The years of experience that are required for admission may vary with the candidate's background and level of responsibility. The Committee will consider career progression, depth and breadth of experience, and level of management responsibility.

13 Demonstrated Ability In assessing a candidate's academic ability, the committee takes into consideration professional history, past academic performance, and Graduate Management Admission Test (GMAT) results. Degree Requirements and Transcripts Official transcripts from the registrar of all colleges and universities attended must be requested by the candidate and sent directly to the Stewart Center for Executive Education at Tulane University. Neither a business degree nor specific business courses are required for admission. Candidates are expected to have earned an undergraduate degree; however, a limited number of non-degreed candidates may be admitted to the program. Non-degreed candidates are admitted to the program as an exception to admission policies. The admission process for non-degreed applicants is competitive and highly selective, and only a limited number of outstanding candidates may be admitted to each class. General Management Admission Test (GMAT) Acceptable GMAT test scores are required for admission into the program. The GMAT requirement may be waived for applicants who have earned an advanced degree and whose transcripts indicate acceptable quantitative strength. GMAT information is available at Official scores must be mailed directly to the Tulane University Executive MBA office (Code 6840) by Educational Testing Service. Scores are mailed approximately two weeks after the test date. Admission decisions, contingent upon receipt of official scores, can be made using the unofficial documents. Personal Interview The interview aids the Committee in assessing the candidate's strengths, motivations, personal commitment, and ability to meet the demands of the program. The interview also offers the candidate an opportunity to ask questions and to discuss individual considerations. We strongly encourage applicants to schedule an interview early in the application process. Recommendations Two recommendations, attesting to the applicant's academic and professional abilities, are required. One recommendation should be from a high-ranking officer from the candidate's organization. A second should be from an immediate supervisor (or for self-employed applicants, a business associate) who knows the candidate well and has intimate knowledge of the candidate's work. Recommendation forms are provided. Essays The essays demonstrate the candidate's ability to express thoughts clearly and effectively, and assist the committee in evaluating the candidate's character, personal and professional aspirations, and motivations for applying to the Tulane Executive MBA program. Application Fee Applicants must include a non-refundable $100 application fee in the form of a check or money order payable to Tulane University. Company Support Statement This statement describes the level of financial support to be provided to the candidate, and acknowledges that attendance on all scheduled class days will be supported. An authorized representative of the candidate's company should complete this document.

14 Ask a Student Interested in learning more about our Executive MBA programs firsthand? EMBA experiences. We invite you to visit an EMBA classroom and to sit in on a course session. Visit with the students over breakfast or lunch. The EMBA classroom is a unique experience and we encourage you to see for yourself. We will provide information so that you can contact EMBA students and program alumni. Let us know your profession and interests so that we can select individuals with similar backgrounds or interests. You can then talk with them directly about the Tulane EMBA program and their Contact us toll free at TulaneMBA for details. Houston EMBA - Sponsorship Executive MBA candidates are typically recognized by their companies as highly motivated, high-potential achievers. By enrolling in Tulane's EMBA program, these individuals actively prepare for complex management challenges, leadership positions, and career advancement. Corporate Commitment Recognizing a manager's contributions to the organization and potential for leadership are key drivers for sponsorship to the EMBA. To fully develop that potential, both the sponsor and the candidate should be prepared to commit resources and to dedicate time for class attendance. Employers often assume full or partial responsibility for program costs. Sponsorship of a candidate can range from support for the necessary time away from the workplace to full financial sponsorship. Hundreds of companies have sponsored students in Tulane's EMBA programs, representing nearly every major organization in the world. Sponsorship of a candidate in Tulane's Executive MBA program provides: a powerful investment in the company's future and a commitment to organizational excellence. a vehicle for selecting and training those individuals who are best suited for top management responsibilities. a revitalization of management through the introduction of innovative techniques, solutions, insights, and strategies to meet new challenges. specific analytical tools and methods that are immediately applicable to current problems facing the organization. a high potential return on investment resulting from the participant's successful application of learned management techniques and methods. Self-Sponsored Entrepreneurs The benefits of the EMBA program are not limited to serving the needs of the large corporation. Actually, many of the same benefits of the EMBA program that enrich large corporations also serve and profit smaller businesses. A growing number of small business owners, physicians, attorneys, accountants, and self-employed entrepreneurs participate in Tulane's EMBA. The program offers insights into diverse corporate environments, and provides an excellent grounding in the knowledge and techniques needed for both entrepreneurs and selfemployed professionals to succeed. Last

15 Houston EMBA - Tuition and Financial Aid Program Tuition Tuition for the Houston Executive MBA program is $65,000. The program consists of four terms. Payment for each term is due and payable according to the schedule below. The initial $1,000 deposit is submitted with the acceptance contract and applies toward the total program cost Payment Schedule Upon Acceptance $1,000 November 2005 $15,250 April 2006 $16,250 August 2006 $16,250 February 2007 $16,250 Total $65,000 Program tuition includes: Registration and course fees. Preparatory classes. All required textbooks and course materials.** Study labs. Breakfast and lunch on class days. Parking on class days. Airfare, hotel, and some meals for the intensive week in New Orleans and the international seminar. *With certain restrictions, students may elect to pay tuition cost in 12 payments, one at the completion of each module. The initial deposit of $1,000 must be submitted with the signed acceptance contract under this option. **Each student must have a notebook computer, in accordance with current computer specifications and requirements. Financial Aid Student loans are available for Executive MBA candidates to finance their program costs. For financial aid information and assistance in filing and processing loan applications, please contact Tulane's financial aid office or call TulaneMBA. When speaking to a financial aid counselor, be sure to identify the specific program in which you plan to enroll. Financial aid options vary with each program. Houston EMBA - Frequently Asked Questions GENERAL How does the Executive MBA program differ from other Tulane MBA programs? All Tulane MBA students earn the same Master of Business Administration degree. Tulane s world-class instructors will often teach in all programs. The differences between programs are mainly in the format and the level of student services. Tulane s Executive MBA program offers the following advantages: Minimum time away from work. Classes are held on alternate weekends, so that students can continue in their jobs without losing income or career momentum.

16 Accelerated format. The program is completed in only 19 months. Immediate application. Students immediately implement newly learned tools and knowledge in their workplace. Experience. EMBA students typically have seven or more years of experience along with significant management responsibility. The classroom is rich with experiences and insights from a wide scope of backgrounds so that students learn from each other as well as instructors. Continuity. In Tulane s lock-step program, the class moves through the curriculum as a unit, promoting a sense of continuity, camaraderie and esprit de corps. Courses in the curriculum build on each other, moving from laying the groundwork to complex strategies and problem-solving. Student support and services. We understand the commitment it takes to complete an EMBA program. With work, school, and personal commitments, you will have a very busy schedule. So we handle as much as possible: books, grades, registration, parking, meals, and anything else that we can. You attend class, meet with your study team, and focus on learning. What degree do Executive MBA graduates earn? Graduates of Tulane s Executive MBA programs earn the same MBA degree as awarded all of Tulane s MBA graduates, the Tulane Master of Business Administration degree. What is the overall focus of the program? Students learn to meet management and leadership challenges applicable to a broad range of disciplines and industries. While the early courses in the curriculum emphasize basic building blocks of management, the latter focus on integrative, cross-functional analyses and strategic decision-making. Tulane s EMBA programs prepare students to competently and confidently face business challenges, whether local or global in context. The EMBA curriculum uses lecture, case studies, and interactive courses within team environments to build proven management and strategic decision making skills. Is Tulane s Executive MBA program accredited? All Freeman School MBA programs are accredited by AACSB International. In fact, the Freeman School of Business was one of the 17 founding members of AACSB, the foremost accrediting body for business schools. Are career and placement services available to EMBA students? With over 14,000 Freeman graduates across the globe, all students and alumni can take advantage of Freeman School events and resources for networking opportunities. Although career counseling and job placement services are offered to EMBA Option II students, traditional EMBA students are NOT provided placement services. EMBA students who are not company sponsored may be provided access to selected counseling services; however, no career development services are offered to company-sponsored students. How do I schedule a visit to observe an EMBA class? Observing an EMBA class in session is an excellent way for candidates to experience the dynamic interaction between faculty and students that is such a vital part of the learning process. To arrange your visit, please contact the EMBA program office at TulaneMBA.

17 STUDENT PROFILE How diverse are the students in the program? Diversity is a key component in an EMBA classroom. A diverse mix of ethnicity, culture, professional experience, functional expertise, and industry representation among classmates ensures a rich classroom experience. How much professional experience does the typical Freeman School EMBA student have? Although admission requires only seven years of work experience, the typical Executive MBA student has an average of 14 years of work experience, with nine years in management, bringing to the class a significant depth of experience and responsibility. EMBA applicants should have seven years of professional work experience to be considered for admission to the EMBA program. Applicants with less than seven years of work experience may be considered if they demonstrate exceptional leadership, outstanding academic ability, significant management experience, and strong company support. The Option II student typically has three to six years of work experience. Option II students are expected to have at least two years of work experience; management experience is not required for admission into the Option II program. How many students are enrolled in the program? Tulane EMBA programs have relatively small classes that range from 25 to 40 students. Small classes offer a great benefit, giving students a more personal and intimate interaction with faculty, classmates, and staff. Your progress and any concerns are handled on a personal level and no student ever becomes lost in the crowd. Because we are small, we know our students by name and can be very responsive to our students' needs. Although our size is small, our scope is huge. Our curriculum, faculty, facility, and technology are among the best in the world. Our programs span the globe and our alumni serve as business and community leaders across the continents. You have a unique opportunity to become part of the Freeman School and its prestigious alumni. CURRICULUM How are study teams formed? Study teams are assigned at orientation, and are formed based on skill sets, academic backgrounds, and functional expertise. Each team is equipped with equally strong, diverse abilities so that team members can learn from one another as well as from faculty. Although individual work is critical to one's success, teamwork is an essential component of the EMBA curriculum and experience. Class assignments will require both team and individual work. How often to study teams meet? Study team work independently. Although guidelines are suggested, each team creates their own unique team guidelines and meeting plans that fit the needs of its members. How is the program connected to the business community? Significant interaction with the business community occurs through interaction with class members, faculty and alumni, many of whom are leaders in business and the community. The Tulane Association of Business Alumni (TABA) and the Tulane Alumni Association are active in many cities in the U.S. and abroad. Houston is home to one of Tulane s largest alumni concentrations. Freeman's extensive alumni base totals over 14,000 across the globe and offer invaluable resources for life. CURRICULUM Which faculty members teach in the EMBA programs? Instructors are hand-selected, primarily from the senior faculty of the Freeman School, although distinguished faculty from other leading business schools may also teach in the program. EMBA faculty bring strong credentials

18 and real-world experience to the classroom. Many teach across all our EMBA programs, and bring insights and ways of doing business from other cultures into the EMBA classroom. Are electives offered in the EMBA program? Yes. We offer four electives at the end of the second year. Much of the elective content of the full-time MBA program has been incorporated into the required courses in the executive schedule. Is it possible to earn a concentration in Tulane's EMBA program? In addition to their MBA degree and without adding any additional time to their 19-month program, EMBA students may earn concentrations in either finance or management by following the curriculum track in each area. Is it possible to take all of the elective courses in the EMBA program? In the EMBA program, you will choose four of eight electives, which could prove difficult when you are interested in all the courses offered. That s why we offer our Executive MBA alumni an opportunity to return to the classroom after graduation to take the electives they missed. What teaching methods are used? A wide variety of methods are employed, tailored to the subject matter and needs of the particular class. These include lectures, case analyses and discussions, problem set discussions, experiential exercises, projects, spreadsheet modeling, group and individual presentations. Do you accept transfer credits? No, we do not accept transfer credits. In our lock-step curriculum, members of each class begin the Program at the same point, move through the curriculum together, and complete the degree requirements for graduation as a group. As a result, executives build an extensive and global network of trusted colleagues and lifelong friends Does Tulane's EMBA program have international components? There are two formal international components: (1) During the second intensive week, EMBA students from New Orleans, Houston, Chile, and Mexico will take two weeklong courses together at Tulane's New Orleans campus, and (2) New Orleans and Houston students will travel together for an eight-day international seminar at the conclusion of the program. To thrive in today's global marketplace, senior managers and executives require an appreciation for different cultures as well as an understanding of how business is conducted in other parts of the world. Tulane's international seminars increase your cachet in the global marketplace. You will learn from and interact with business leaders and government officials of the host country, and experience firsthand different business customs, cultures, and economies. The Freeman School conducts Executive MBA programs in New Orleans, Houston, Shanghai, Taiwan, and Santiago (Chile). EMBA students from these programs have opportunities to get to know one another--whether we combine classes for projects, form international study teams, or just introduce them at networking receptions. ADMISSIONS How competitive is admission to the program? Level of competition for admission is an important consideration. To perform a self-screening process, you should consider the average GMAT scores of recent and entering classes, as well as students' track records of professional achievement, average salaries and level of experience. Candidates are assessed individually; all application documents are considered, with particular attention paid to the candidate s academic ability and professional background. Candidates may choose to meet with an admission counselor for an early assessment and prequalification for admission to any EMBA program.

19 What are the application deadlines? When will I receive a decision regarding my acceptance? Applications are accepted up to one year in advance of the program start date. Applications are reviewed by the Admissions Committee once they are completed and candidates are notified immediately once a decision is made. Who should complete my recommendations? Your recommendations should be written by individuals who know you professionally and who can provide knowledge of your abilities from firsthand experience. One recommendation should be from your direct supervisor and second should be from a high-ranking person within your company. Please use your own judgment in selecting an evaluator when either of these would seem inappropriate. Which of the admissions criteria are most important? Applications are considered in their entirety. While strengths may vary from one applicant to another, we seek students who combine strong academic promise, quantitative analytical aptitude, management experience, and diversity of industry and/or functional area. Academic ability is critical for your success in Tulane s rigorous program. Demonstrated management experience and leadership potential are equally important. Is an interview required? Personal interviews are required and provide a platform for learning more about the candidate s background, motivation, and interpersonal skills. Candidates also have an opportunity to ask specific questions about the program and any concerns they may have. Interviews can be scheduled at your convenience and can be coordinated with EMBA class sessions so that you can also observe a class and meet current Executive MBA participants and faculty. Must I have an undergraduate degree to enter the Freeman School s EMBA programs? You must have a four-year undergraduate degree from an accredited college or university if you received your education in the United States. If you are an international applicant, your undergraduate degree must be the equivalent of a U.S. four-year degree. Limited exceptions may be made in the Executive MBA program for candidates with an outstanding history of professional achievement and strong GMAT scores who lack undergraduate degrees. Are certain undergraduate degrees or business courses required for admission? Students at the Freeman School of Business are valued for their academic diversity; no particular undergraduate degree or business courses are required for EMBA admission. If I am not accepted into the program, can I receive feedback on my application? You may request feedback from our EMBA Admissions Office to help you identify your strengths and weaknesses. If I must delay entry in to the program, can my application be deferred? Applications may be deferred for one year without reapplication; however, any documents or information that have improved or changed since the initial application must be resubmitted by the applicant. The EMBA admissions office must be notified in writing of the applicant's intentions. Applications older than one year should be completed in full to assure that all application materials are current. TUITION AND FINANCIAL AID When is tuition due? Each EMBA student must pay the $1,000 tuition deposit required upon acceptance into the program. Subsequent payments may be made in four installments (one at the beginning of each term) or in 12 installments (one at the end of each module). The modular payment schedule allows tuition to be deferred until courses are completed to better coordinate with employer reimbursements. Is financial aid available for the EMBA program? Yes, financial aid is available in the form tuition loans covering tuition and related expenses. Scholarships are not available for the executive schedule, although candidates may wish to investigate possible grants and

20 scholarships from outside agencies. Questions about MBA loans should be directed to the Tulane Financial Aid office. COMPUTER REQUIREMENTS Are EMBA students required to have laptop computers? To interact with faculty, class members and team members during class sessions and during group meetings, you will be required to have a laptop computer. More information about computer requirements can be found on the Freeman Web site. What software proficiency is required for admission? EMBA students must be proficient in Microsoft Excel, Word, and PowerPoint. Without proficiency in these software programs, students will have difficulty moving forward successfully in the curriculum. If you have any questions about your proficiency level, please contact the EMBA Admissions Office. STUDENT COMMITMENT How is the program compatible with my professional and personal schedules? The alternate weekend format gives you almost two weeks between classes to schedule travel and other activities. The Friday/Saturday format keeps your Sundays free. Class dates for the entire program are final once classes begin, so you can plan your professional and personal schedules around those dates without class conflicts. How much time will the program require outside of the classroom? The EMBA program requires a serious commitment from each participant. The amount of time required to complete assignments successfully will vary depending on each individual, course, and instructor. In addition to class time (essentially every other weekend, Friday and Saturday, from 8:30 a.m. until 5:30 p.m.), Executive MBA participants typically spend 15 to 25 hours per week in individual study or team meetings. What happens if I miss a class? In the EMBA program, missing a class is missing four hours of 24 classroom hours. One weekend of instruction covers one-third of the classroom sessions for two courses; missing this large segment of classroom time is significant. We provide the program weekend dates well in advance, and the every-other-weekend format facilitates travel. Students and their companies must share a strong commitment to the program and give high priority to class attendance. Should unforeseen emergencies occur, you should contact both the EMBA office and the instructor. EMPLOYER BENEFITS How will my participation benefit my employer? One of the most important goals of any organization is the development of key personnel. Through class interaction and discussion, the Tulane EMBA student gains knowledge, techniques and methods for business management and strategy, and develop the competence and confidence necessary for personal and company growth. The time that an employer designates for your attendance in the program is regained as newly learned management knowledge is applied in the workplace. New Leadership The personal motivation and professional background this is required to enter this rigorous program typically indicates tremendous career potential. Students learn business knowledge and leadership skills and strategies from a broad perspective. EMBA sponsorship encourages, develops and strengthens this leadership potential in key managers, while retaining them in the company and strongly motivating them to successfully address new business challenges.