Application Package. MBA Program in International Business Strategy

Application Package MBA Program in International Business Strategy Academic Year 2015-2016 Graduate School of International Corporate Strategy Hitotsubashi University

Hitotsubashi University Graduate School of International Corporate Strategy MBA Program in International Business Strategy 1. Program Overview Hitotsubashi University began as the Institute for Business Training in downtown Tokyo in 1875. Included in the course offerings then were an English conversation course taught by an American and an accounting course. The university returned to its roots when it established an MBA Program in International Business Strategy in central Tokyo in 2000. Today, the program is taught entirely in English, with an emphasis on practical business knowledge and skills for the real world. This full-time MBA program is one of three programs within the Graduate School of International Corporate Strategy (ICS) of Hitotsubashi University. As a latecomer to the MBA field by almost 100 years compared to the Western equivalents, we are mindful that there is much to be learned from the past. At the same time, however, we are acutely aware of our need to add value in this crowded field. Offering the same package as MBA programs in the West runs counter to our focus on strategy. Strategy is about choosing to be different from others. Our challenge lies in seeking two seemingly opposing goals. On the one hand, we are trying to capitalize on our past, taking advantage of the long-held tradition at Hitotsubashi University towards practical business training. On the other hand, we are trying to break away from the past. ICS aims to bring about an innovative, unconventional, and frame-breaking MBA program. Come on board, if you are interested in repeating history and rewriting history at the same time. (1) Mission Throughout its history, Hitotsubashi University has aspired to develop business leaders who possess an international perspective. Our forefathers used the phrase Captains of Industry to describe the role our alumni should play in society. It has been Hitotsubashi University s strong determination to excel as a leading academic institution specializing in the social sciences. Our faculty members are recognized internationally for their contributions in the fields of commerce and management, economics, law, and the social sciences. The mission of the MBA Program in International Business Strategy builds on the university s tradition of excellence. The program s mission goals are (a) to continually develop new generations of global business leaders for Japan, Asia, and the world, and (b) create knowledge and disseminate, on a global scale, research output originating from Japan. We want to develop leaders who are expert on Japan, immersed in Asia, and achieve a high impact on the world. Hitotsubashi ICS is defined as the global knowledge hub in Tokyo. Hitotsubashi University Graduate School of International Corporate Strategy offers a world-class curriculum that combines best practices in business education from around the world with a distinctive perspective on Japan and Japan s role in the Asian and global economies. Hitotsubashi ICS equips students not only with fundamental business knowledge but also with the broad set of skills and management 1

qualities required of global leaders. All ICS graduates possess essential skills including strategic thinking, problem solving, and execution, and have the capacity to manage diversity with a high cultural awareness, foster innovation, and bridge differences in global cultures and business systems. At Hitotsubashi ICS, we achieve our educational mission both through our MBA and DBA programs. We are a global thought leader, providing provocative, cutting-edge and practical ideas to both the academic and business communities. We are a platform for collaborative and original thinking, creating a vibrant intellectual environment that encourages academic and business practitioners to share ideas and create research that spans the worlds of theory and practice. We are a highly regarded and sought after source of knowledge on innovation in products, processes, and business models of Japanese firms, as well as on the globalization of Japanese companies and the Japanese economy. We share our deep understanding of contemporary business practices and strategies, particularly those undertaken by Japanese enterprise, with students. In year 2024, we will have an alumni network of 1,000 + graduated from Hitotsubashi ICS. Our program is designed to expand the Hitotsubashi network, members of which comprise many generations of leaders in the Asian and global economies. We created this network to link alumni worldwide. We continue to build it on an international scale through our diverse student body and faculty, through our alliances with top Asian and global business schools, and through our partnerships with leading companies in Japan and the region. We are the members of the BEST alliance, an strategic alliance with Guanhua School of Management at Peking University and the Graduate School of Business at Seoul National University. The BEST alliance intends to develop global leaders in Asia which is the growth engine for the global economy. We are also selected as a representative school in Japan for the GNAM (Global Network for Advanced Management). The GNAM is the global consortium for the leading business schools in the world, and currently 27 schools are selected as a local representative school. Innovative programs for MBA and executive education are devolved by the GNAM and Hitotsubashi ICS is taking the lead in this unique global initiatives. (2) Unique Positioning The International Business Strategy program is a world-class MBA curriculum with unique positioning. We have deliberately chosen to be different from other business schools, especially those in the U.S. and Europe, so that we can deliver a unique mix of value. We realize that we cannot be all things to all people. Since the essence of strategy is choosing what not to do, we have deliberately chosen not to do certain things. We have defined the positioning of our MBA program in the following ways: It is the first full-time MBA program offered by a Japanese national university taught entirely in English. Although Hitotsubashi University is a Japanese university, we have deliberately chosen not to offer any courses taught in Japanese. Each year s entering class is kept intentionally small, with fewer than 60 students in recent years. The student/faculty ratio (full-time and adjunct professors) is close to 3:1, a ratio that no other leading business school in the world can match. The small student body enables intensive in-class interaction and facilitates field research projects, company visits, and other out-of-class activities. Students can choose between the Two-year MBA program and the One-year MBA program. Two-year Program students who excel in their studies are able to graduate in a year and a half. 2

Each student selects a seminar, which is unique to Hitotsubashi University. The seminar serves as a tutorial, with one faculty member serving as an overall academic advisor to up to four students. At Hitotsubashi University, the seminar advisor traditionally serves as a mentor for life. Students entering in the same year are expected to have a very strong bonding experience with one another one more unique feature of the Hitotsubashi ICS experience. This bonding among cohorts develops naturally through team-building exercises during the Foundation Week, visits to the homes of faculty members, and various other team projects, activities, and exercises. The program will culminate with Knowledge Week, when the entire faculty will spend one week with the students, reflecting on what the students learned in the program, and integrating the students acquired knowledge and skills with their future missions and visions. The ICS campus is located in Hitotsubashi, Chiyoda-ku, only two blocks from the Imperial Palace. It is within easy walking distance of the Otemachi business district of central Tokyo and in proximity to Tokyo Station. This desirable location close to the central business district is convenient for students visiting companies and enables prominent business leaders to visit ICS as guest speakers. As Hitotsubashi is a national university corporation, the cost of earning an MBA is relatively low. Even if a student elects to take the full two years to complete the program, the total amount necessary for tuition and matriculation is about US$13,536 (US$1 = 100 Japanese Yen(JPY). matriculation fee JPY 282,000 + tuition for two years JPY 1,071,600 = JPY 1,353,600). That is a fraction of what leading business schools in the U.S. and Europe charge. (3) Best of Two Worlds Hitotsubashi ICS combines the Best of Two Worlds to realize our educational mission. We acknowledge that there is no one best way, and that innovation in business comes from facing paradox, combining opposites, and acknowledging ambiguity. To be more specific, our vision is to be the bridge between the East and the West, Large and Small, Global and Local, Old and New, Practice and Theory, Cooperation and Competition, Business and Society. By pursuing these ends simultaneously, we hope to provide our students with the Best of Two Worlds. 1) East and West We realize that effective business practices vary around the world and over time. We believe that global leaders do not need to have the right answer rather they must be able to acknowledge diversity and inclusive it, tolerate ambiguity, and innovate by embracing paradox, combining opposites, and constantly challenging conventional wisdom. 2) Large and Small We choose to be a small school in one of the largest and most vibrant cities in the world. Our small size allows our faculty to know students personally by name, and to mentor them on an individual basis. Our networks with leading corporations (both large and small) and universities around the world allow us to combine the advantages of scale with the speed and flexibility that comes from being small. 3

3) Global and Local We value our global student body and faculty, our global reach in thought leadership, and our global network of corporate and academic partners. At the same time, we are firmly positioned in Tokyo and Japan, and are determined through our research and teaching to present to the world a better understanding of business in the city and country in which we live and work. 4) Old and New We are a young graduate school in one of the oldest and most distinguished universities in Japan. We value our university s tradition, but also take seriously our role as an innovator. Our research and teaching combine lessons from the old and new the companies and practices that drove Japan s economic development and the newest, most innovative companies and business areas that are our future. 5) Practice and Theory As a professional school, our focus is on practice, which is why more than 60% of our full-time and visiting faculty members have had full-time work experience in the private sector and 50% hold an MBA degree. However, theory cannot be separated from practice. Our students learn the latest theories in management and apply them to live and evolving situations in today s business world. Theory is relevant for defining and resolving the problems and challenges of tomorrow, while practice is relevant for tackling the problems and challenges of today. 6) Cooperation and Competition Students learn the importance of cooperation during the Foundation Week (the last week in September), when they engage in various team-building exercises in an outdoor environment. Once classes start, they are encouraged to form study groups and are asked to participate in a number of group projects. At the same time, competition is built into the curriculum in the form of a forced grading curve: 30% of the students in a given course are awarded an A, 60% a B, and 10% a C or below. Students also compete to join the seminar of their choice, to qualify for an internship or an overseas student exchange program, and to become recipients of student competition awards. 7) Business and Society We acknowledge that the interests of individual businesses and industries may conflict with the interest of society as a whole. We make every attempt in our curriculum and research to raise awareness of those conflicts and encourage resolution in a way that is both socially beneficial and creates long-term value. We wants to develop authentic global leaders who achieve social and economic benefits simultaneously by overcoming the conflicts. Our Global Citizenship course enables students to directly experience this conflict, through working with people and groups who experience particular challenges in daily life, including the physically and mentally disabled. 4

2. Introduction to the MBA Program Applicants for the MBA Program in International Business Strategy can select from two options, both of which offer the MBA degree. The first option is the Two-year Program, which is open to all applicants (except YLP applicants). The second option is the One-year Program, which is also open to all applicants (including YLP applicants, which admission process is not part of this document). Applicants must choose between the two options at the time of application. Once applicants are accepted to ICS, applicants cannot switch to the other program. The selection criterion for admission is identical for the Two-year and One-year programs (excluding YLP applicants). All students are fully integrated in the first year of studies; both programs follow the same academic calendar in the first year. All students participate in a very intensive curriculum in first year. Sharing a common experience establishes a strong cohort network among all students since the required coursework is identical. Whether an applicant selects the Two-year Program (with the possibility of early graduation) or One-year Program, all students in all categories can be confident that they will receive exactly the same high quality of education as well as the same high commitment and support from our faculty and administration. The key differences between the two options are as follows: Two-year Program students are enrolled at ICS from mid-september and graduate in August, approximately two years later. Their second-year curriculum can be custom-built. Students are required to participate in one of the following activities: (1) a double-degree program with an affiliated MBA program; (2) a student exchange program with an affiliated MBA program; (3) an approved internship on a non-remunerative basis ( ICS Internship ), (4) a project approved and supervised by an ICS faculty member, or (5) other activities approved by the Academic Performance Committee. Completion of one of the following activities will be counted as part of 4-credit Seminar requirement in the second year. During the entire second year, non-company sponsored students may work with the Director of Career Services in searching for post-mba career opportunities. One-year Program students (including YLP students) are enrolled at ICS from mid-september and graduate in August of the following year. Students enrolled in the One-year program are not eligible for double-degree programs, or exchange programs, or ICS internship programs. Note: Applicants who apply for the Two-year option may be able to graduate on an accelerated basis. The Japanese Ministry of Education, Culture, Sports, Science and Technology allows Two-year Program students who excel in their studies and complete the graduation requirements to graduate early if they elect to do so. Early graduation would enable qualified students to receive their MBA in a year and a half; that is, after Term 2 of the second year. 5

(For Reference Only) Academic Calendar (2014 2015) (Tentative) The MBA Program in International Business Strategy consists of two distinct programs, namely, the Two-year Program and the One-year Program. Students in both programs follow the same academic calendar in their first year. Dates Details 9/10/2014 Arrival in Japan (YLP/foreign students) 9/11, 9/12, 9/16/2014 (YLP/foreign students: Foreign registration/opening a bank account) 9/17 9/23/2014 Foundation Week (Team Building, Academic affairs, IT orientation, Mission Vision Values, Emergency Preparedness, Health Check, etc.) 9/17 9/18/2014 Team-building Exercise at Takao 9/20 9/24/2014 9/25 12/19/2014 Term 1 (Fall) Academic affairs, IT orientation, Mission Vision Values, Emergency Preparedness, Health Check, etc. (Note that we will have class on 9/20 Sat, 9/21 Sun, and 9/23 Tue. There will be no class on 9/24 Wed.) 12/15 12/19/2014 Term 1 (Fall) Final Examinations 12/22/2014 1/4/2015 Winter Break 1/5 2/27/2015 Term 2 (Winter) 2/23 2/27/2015 Term 2 (Winter) Final Examinations 3/2 3/27/2015 Spring Break 3/2 3/27/2015 Spring Break Courses: Global Network Week (Elective) Field Study (Elective); Independent Research (Elective) 3/28 3/31/2015 Knowledge Week (Required; Intensive course) 4/6 5/22/2015 Term 3 (Spring) 5/18 5/22/2015 Term 3 (Spring) Final Examinations 5/25 5/29/2015 Strategy Simulation Week (Required; Intensive course) 6/1 6/5/2015 Early Summer Break 6/8 7/24/2015 Term 4 (Summer) 7/20 7/24/2015 Term 4 (Summer) Final Examinations 7/6/2015 Knowledge Report Submission Due Date 8/10 8/27/2015 (TBD) Doing Business in Asia (Elective; Intensive course) 8/29/2015 (TBD) Commencement for One-year/YLP Program of Class of 2014 & Two-year Program of Class of 2013 6

3. Curriculum To earn an MBA degree at ICS, students are required to take a minimum of 70 credits for the Two-year Program and 66 credits for the One-year Program. Course work consists of two-credit and four-credit courses. Individual classes are 120 minutes (2.0 hours) in duration. Therefore, typically, a two-credit course is a two-month-long course that meets twice a week for 4.0 hours per week, or a three-month-long course that meets once a week for 2.0 hours per week. A four-credit course is typically a three-month-long course that meets twice a week for 4.0 hours per week. Classes are scheduled in three or four time slots: once in the morning (9:45 a.m. start) during Term 1, and twice in the morning (8:30 a.m. start) during Term 2 (Winter), Term 3 (Spring), and Term 4 (Summer), and twice in the afternoon during all the terms. First-year course offerings (tentative) for the 2014-2015 academic year are shown in the Program Schedule (on page 11). Students in the Two-year Program have the option of custom building their own curriculum for second year. Basically, second year is comprised of activities that apply knowledge learned in first year to the real world. Students consult with faculty members in choosing from a wide array of options, such as pursuing a double degree, spending a term overseas in a student exchange program, participating in a company internship program, developing a business plan for starting up a new venture, conducting an individual research project, and so forth. (1) Double Degree Program In January, 2011, together with the Guanghua School of Management at Peking University (PKU) and the Graduate School of Business at Seoul National University (SNU), Hitotsubashi ICS signed the BEST Business School Alliance in order to promote full-fledged research and educational cooperation, and promote the future prosperity of East Asia. Under the BEST Alliance, the three schools agree to offer the double degree program. ICS students in the Two-year Program are eligible to apply for the double degree program. Students who participate in the double degree program will spend their first year in their home institution and second year in the partner institution. Upon completion, the students will receive an MBA degree from both institutions. (2) Exchange Program We currently have exchange programs with (1) London Business School, (2) UCLA Anderson School of Management, (3) The Darden School of Business at the University of Virginia, (4) Claremont Graduate University, The Peter F. Drucker and Masatoshi Ito Graduate School of Management, (5) University of Hawaii at Manoa College of Business Administration, (6) Babson College, (7) HEC School of Management, (8) Graduate School of Business at Seoul National University, (9) The Chinese University of Hong Kong, (10) ESADE, (11) Guanghua School of Management at Peking University, and (12) Kellogg School of Management, Northwestern University. 7

4. Faculty One of the unique features of our faculty is their real-world work experience in business. About majority of our full-time faculty members have worked for multinational firms. In addition, many of the full-time faculty members have teaching experience at other business schools. In addition, approximately two-thirds of the full-time faculty have earned MBAs from leading U.S. business schools. Faculty members are readily accessible to students inside the classroom as well as outside of class. Students can interact with faculty members in various areas within the ICS building. With ample space on campus for discussion and social interaction, such as the student lounge, open lounges on faculty floors, the cafeteria, and the restaurant, ICS students and faculty can better gain a sense of teamwork and feel comfortable conversing in an open environment. 5. 2014 Financial Aid for International Students Financial aid is available for students attending Hitotsubashi ICS, although the amount varies from year to year. In the 2014 admissions, more than half of the self-financed students (i.e., admitted applicants) were eligible for scholarships. In general, students with the following qualifications will be eligible for scholarships. (1) Non-Japanese nationals (2) Students with outstanding GMAT scores (3) Students who have not received other scholarships (4) Students who are self-financed and in need of financial aid Scholarships will be determined by the Admissions Committee shortly after Admissions decisions are announced. 6. Housing Assistance Finding housing in Tokyo can be challenging and expensive. In the past, however, international students have been able to find suitable accommodations either on their own or with the support of the ICS. We will send you information on housing in late May or June. A limited number of dormitory rooms will be available based on need. 8

(For Reference Only) Program Schedule (Tentative) Required Elective Term 1 (Fall: 9/25 12/19/2014) Until Aug 31 Pre-Matriculation Program (Required) Week 0 Foundation Week (K. Sun; Required): 9/17-9/23, 2014, with Team-Building Exercise at Takao on 9/17-9/18, 2014 Wk 1-6 Term 1-(1): Week 1 Week 6 (Fall: 9/25 10/31, 2014) Final Exam for Term 1-(1) courses: 11/4 TIME MON TUE WED THU FRI 9:45-11:45 Knowledge Management I Accounting Quantitative Business Analysis Knowledge Management I Accounting (K. Ichijo) (K. Koga) (S. Oue) (K. Ichijo) (K. Koga) 12:45-14:45 Organizational Behavior I Marketing Corporate Finance I Organizational Behavior I Marketing (T. Robinson) (Y. Fujikawa) (S. Abe) (T. Robinson) (Y. Fujikawa) 15:00-17:00 Japanese Business & Economy Intensive Writing Japanese Business & Economy (J. Edman) (J. Couke, C. Wallace) (J. Edman) *Note: Japanese Culture (Wed; 12:45-13:45) Intensiv e Writing (Wed; 14:00-16:00) Wk 7-12 Term 1-(2): Week 7 Week 12 (Fall: 11/6 12/12, 2014) TIME MON TUE WED THU FRI SAT Strategy Accounting Quantitative Business Analysis Strategy Accounting 9:45-11:45 Japanese Culture (K. Kusunoki) (K. Koga) (S. Oue) (K. Kusunoki) (K. Koga) (M. Kimura, M. Nishisaka) 12:45-14:45 Operations Management Marketing Corporate Finance I Operations Management Marketing (H. Kanno) (Y. Fujikawa) (S. Abe) (H. Kanno) (Y. Fujikawa) 15:00-17:00 Japanese Language Japanese Language Basic I Intermediate I Entrepreneurial Business Planning Intensive Writing Japanese Culture Entrepreneurial Business Planning (R. Shiga, M. Shibuya) (R. Shiga, M. Shibuya) (M. Korver) (J. Couke, C. Wallace) (M. Kimura, M. Nishisaka) (M. Korver) *Note: Intensiv e Writing (Wed; 14:00-16:00) Japanese Language (Wed; 16:15-17:45) Wk 13 Term 1 Final Exam: 12/15-12/19, 2014 Wk 14-15 Term Break: 12/22, 2014 1/4, 2015 Term 2 (Winter: 1/5 2/27/2015) Wk 16 BGIE Week (Business, Government, & International Economy; J. Kondo; Required): 1/5-1/9, 2015 Wk 17-22 Term 2 (Winter: 1/13 2/20, 2015) TIME MON TUE WED THU FRI 8:30-10:30 Knowledge Management II Corporate Finance II Problem Solving Knowledge Management II Corporate Finance II (K. Ichijo) (T. Ito) (T. Nawa) (K. Ichijo) (T. Ito) 10:45-12:45 Strategy Organizational Behavior II Problem Solving Strategy Organizational Behavior II (K. Kusunoki) (T. Robinson) (T. Nawa) (K. Kusunoki) (T. Robinson) 13:30-15:30 Customer Behavior Competitveness & Clusters Human Resource Management Topics in Innovation I: New Product Development Customer Behavior Competitveness & Clusters Human Resource Management (S. Akutsu) (E. Osono) (S. Akutsu) (E. Osono) (H. Ono) (E. Okada) (H. Ono) 15:45-17:45 Japanese Language Japanese Language Basic II Intermediate II Organization in Emerging Markets Topics in Innovation I: New Product Development Japanese Language Japanese Language Basic II Intermediate II Organization in Emerging Markets (R. Shiga, M. Shibuya) (R. Shiga, M. Shibuya) (K. Sun) (E. Okada) (R. Shiga, M. Shibuya) (R. Shiga, M. Shibuya) (K. Sun) Wk 23 Term 2 Final Exam: 2/23-2/27, 2015 Wk 24-27 Spring Break: 3/2-3/27, 2015 SB Courses: Global Network Week (Y. Fujikawa; 3/2-6); Field Study (K. Kanno, T. Ito, T. Nawa, E. Osono; 3/9-27); Indep. Research (SB, T3, and/or T4) 9

Term 3 (Spring: 4/6 5/22/2015) Wk 28 Knowledge Week (T. Ito; Required): 3/28-3/31, 2015, with ICS Distinguished Alumni Panel on 3/28, 2015 Wk 29-34 Term 3 (Spring: 4/6 5/15, 2015) TIME MON TUE WED THU FRI 8:30-10:30 Service Management Financial Reporting Brand Strategy & Design Service Management Financial Reporting (Y. Fujikawa) (M. Noma) (T. Kamegai) (Y. Fujikawa) (M. Noma) 10:45-12:45 International Business Topics in Innovation II: Innovation & Organization Brand Strategy & Design International Business Topics in Innovation II: Innovation & Organization (J. Edman) (K. Sun) (T. Kamegai) (J. Edman) (K. Sun) 13:30-15:30 Dynamic Competitive Strategy Management of Energy Business Global Citizenship Dynamic Competitive Strategy Management of Energy Business (E. Osono) (R. Yasuda) (H. Kawada) (E. Osono) (R. Yasuda) 15:45-17:45 Japanese Language Japanese Language Marketing Research Basic III Intermediate III & Analysis Venture Capital Global Citizenship Japanese Language Japanese Language Marketing Research Basic III Intermediate III & Analysis Venture Capital (R. Shiga, M. Shibuya) (R. Shiga, M. Shibuya) (S. Oue) (M. Korver) (H. Kawada) (R. Shiga, M. Shibuya) (R. Shiga, M. Shibuya) (S. Oue) (M. Korver) Wk 35 Term 3 Final Exam: 5/18-5/22, 2015 Wk 36 Strategy Simulation Week (J. Edman; Required): 5/25-5/29, 2015 Wk 37 Term Break: 6/1-6/5, 2015 Term 4 (Summer: 6/8 7/24/2015) Wk 38-43 Term 4 (Summer: 6/8 7/17, 2015) TIME MON TUE WED THU FRI 8:30-10:30 Business Ethics Applied Corporate Finance Knowledge Generation Business Ethics Applied Corporate Finance (M. Korver) (T. Ito) (S. Kobayashi) (M. Korver) (T. Ito) 10:45-12:45 Control Company & Equity Analysis Knowledge Generation Control Company & Equity Analysis (K. Koga) (S. Yamaoka) (S. Kobayashi) (K. Koga) (S. Yamaoka) 13:30-15:30 Topics in Marketing I: International Marketing Strategy in Emerging Markets Topics in Operation I: Field Visit Topics in Marketing I: International Marketing Strategy in Emerging Markets (E. Okada) (T. Nawa) (H. Kanno) (E. Okada) (T. Nawa) 15:45-17:45 Japanese Language Japanese Language Basic IV Intermediate IV Microeconomics for Managers Topics in Operation I: Field Visit Japanese Language Japanese Language Basic IV Intermediate IV Microeconomics for Managers (R. Shiga, M. Shibuya) (R. Shiga, M. Shibuya) (K. Takeuchi) (H. Kanno) (R. Shiga, M. Shibuya) (R. Shiga, M. Shibuya) (K. Takeuchi) Wk 44 Term 4 Final Exam: 7/20-7/24, 2015 Wk 45-49 Summer Break: 7/27-8/31, 2015 Doing Business in Asia (M. Korver; Elective): 8/17-8/21, 2015 Commencement: 8/29, 2015 (Sat) 10

(For Reference Only) Courses and Credits: Academic Year 2014-2015 Term Required Courses Credi ts Grade 1) Grade Elective/Optional Courses Credi ts P/N-P P/N-P Term 1 Knowledge Management I 2 Grade Entrepreneurial Business Planning 2 Grade (Fall) Organizational Behavior I 2 Grade Japanese Culture 2 P/N-P Accounting 4 Grade Intensive Writing 3) 2 P/N-P Marketing 4 Grade Japanese Language Basic I 1 Grade Japanese Business & Economy 2 Grade Japanese Language Intermediate I 1 Grade Quantitative Business Analysis 2 Grade Corporate Finance I 2 Grade Operations Management 2 Grade (Strategy) 2) - Grade (Sub total) 20 8 Term 2 Strategy 4 Grade Customer Behavior 2 Grade (Winter) Business, Government & Int'l Economy 2 Grade Competitiveness & Clusters 2 Grade Knowledge Management II 2 Grade Human Resource Management 2 Grade Corporate Finance II 2 Grade Organizations in Emerging Markets 2 Grade Organizational Behavior II 2 Grade Problem Solving 2 Grade Topics in Innovation I 2 Grade Japanese Language Basic II 2 Grade Japanese Language Intermediate II 2 Grade (Sub total) 12 16 Spring Break Global Network Week 2 P/N-P Field Study 2 P/N-P (Independent Research) 2) - Grade (Sub total) 0 4 Term 3 Financial Reporting 2 Grade Service Management 2 Grade (Spring) Global Citizenship 2 P/N-P International Business 2 Grade Dynamic Competitive Strategy 2 Grade (Knowledge Week) 2) - Grade Topics in Innovation II 2 Grade Management of Energy Business 2 Grade Marketing Research & Analysis 2 Grade Venture Capital 2 Grade Brand Strategy & Design 2 Grade Japanese Language Basic III 2 Grade Japanese Language Intermediate III 2 Grade (Sub total) 4 20 Term 4 Business Ethics 2 Grade Control 2 Grade (Summer) Strategy Simulation Week 2 P/N-P Topics in Marketing I 2 Grade Knowledge Week 2 P/N-P Applied Corporate Finance 2 Grade Company & Equity Analysis 2 Grade Strategy in Emerging Markets 2 Grade Microeconomics for Managers 2 Grade Knowledge Generation 2 P/N-P Topics in Operation I 2 Grade Japanese Language Basic IV 2 Grade Japanese Language Intermediate IV 2 Grade Doing Business in Asia 2 P/N-P Independent Research 2 Grade (Sub-total) 6 24 Seminar 4 P/N-P Terms 1-4 Total 46 72 (Pass/Non-Pass) 10 (Pass/Non-Pass) 12 1) Grade: Letter Grade; P/N-P: Pas s /Non-Pas s. 2) Course to be offered across multiple terms; Credits to be counted when the course is completed. 3) Required for some students and Optional for others. 11

Application and Admissions Procedures (1) Number of Students to Be Admitted: Forty-eight (48) students (excluding YLP students) (2) Enrollment: October 2015 (arrival in mid-september 2015) (3) Time Required to Complete the Program: Two-year Program: Twenty-four months, from September 2015 to August 2017* * Students with exceptional records in the first year can elect to graduate in March 2017. One-year Program: Twelve months, from September 2015 to August 2016 (4) Academic Degree Awarded: Master of Business Administration (MBA) (5) Qualifications of Applicants: The program welcomes both Japanese and non-japanese applicants with a minimum of three years of full-time work experience after college/university graduation at the time of enrollment in October 2015. All applicants must meet one of the following qualifications: (a) The applicant has graduated from one of the universities or colleges that are stipulated in Article 83 of the School Education Law of Japan. (b) The applicant has received a Bachelor s degree under Article 104 of the School Education Law of Japan. (c) The applicant has completed at least 16 years of education with a Bachelor of Arts (B.A.), Bachelor of Science (B.Sc.), or Bachelor of Engineering (B.Eng.) degree from accredited universities or colleges in countries other than Japan. (d) The applicant resides in Japan and has completed at least 16 years of education by taking courses offered by accredited universities or colleges outside of Japan through correspondence. (e) The applicant has been specially designated by the Japanese Minister of Education, Culture, Sports, Science and Technology. (f) The applicant has completed at least 16 years of education at accredited foreign universities or colleges in Japan and recognized by the Japanese Minister of Education, Culture, Sports, Science and Technology. (g) The applicant has completed specialized courses after the date specified by the Japanese Minister of Education, Culture, Sports, Science and Technology at vocational colleges offering programs of four 12

years or more and has been recognized by the Japanese Minister of Education, Culture, Sports, Science and Technology. (h) The applicant has enrolled in a graduate school through an early admission system under the second paragraph of Article 102 of the School Education Law of Japan, and the Admissions Committee of the Graduate School of International Corporate Strategy judges the applicant to possess the academic competence to undertake graduate studies. (i) The applicant has been judged by the Admissions Committee of the School of International Corporate Strategy to have the academic competence equivalent to those who meet the above qualifications (a) through (d) by individual admissions screening, and the applicant s age is over 22 years old or the applicant will become 22 years old before October 1, 2015. (j) The applicant has been judged the Admissions Committee of the School of International Corporate Strategy, pursuant to its rules and regulations, to have the academic competence equivalent or above qualifications (a) through (d). Note: Applicants who are eligible under items (d), (h), (i), or (j) above must write beforehand to the ICS Administration Office explaining their academic qualifications by December 4, 2014. (6) Admissions Criteria: The selection process emphasizes each applicant s demonstrated and potential abilities as a student, manager, and leader with an international mindset. These abilities are reviewed by the Admissions Committee in the context of the following: Prior academic record, including areas of strength and trends in scholastic performance. Command of English. If English is not your native language, or you have not graduated with a degree from an English speaking country, you must demonstrate competence in English by taking the Test of English as a Foreign Language (TOEFL). Expected score is: Internet-based test 100; computer based test 250; and paper based test 600. The TOEFL is just one of several admissions criteria. Just as a high TOEFL score does not guarantee admission, a below average score does not eliminate a candidate. We will not accept unofficial scores, photocopies, faxed score reports, or scores that are more than two years old. [University Code No.: 8682] General aptitude for business studies as measured on the Graduate Management Admissions Test (GMAT). All applicants must take the GMAT. There are no exemptions regardless of experience or educational background. Expected score is 600 or above. The GMAT is just one of several admissions criteria. Just as a high GMAT score does not guarantee admission, a below average score does not eliminate a candidate. We will not accept unofficial scores, photocopies, faxed score reports, or scores that are more than five years old. [University Code No.: F6R-Q5-29] A minimum of three years of full-time work experience after college/university graduation. Background, maturity, interpersonal skills, leadership accomplishments, and potential, as indicated by employment history, essays, and references. An interview, either in person or by telephone, arranged through the ICS Administration Office. 13

(7) Application Documents to Be Submitted: Please visit following link from the ICS website to download Forms (A) (B) (C) and (D). http://www.ics.hit-u.ac.jp/admissions/application-package. Applicants are required to submit the following in prescribed forms: (a) Completed and signed Application Form (A) with a photo (4 cm x 5 cm) Please save the file as "Application Form (Last Name, First Name).xlsx" and email to ics-info@ics.hit-u.ac.jp. The mailed hard copy and emailed electronic version must be identical in content. (b) Degree certificate issued by the university or college registrar (Applicants who apply under (a), (c), or (e) of Item 5 above). Degree certificate issued by Japan s National Institution for Academic Degrees (Applicants who apply under (b) of Item 5 above) Applicants who apply under (d), (h), (i) or (j) of Item 5 above must inform the ICS Administration Office before applying. If your college/university does not issue degree certificates, you may submit a certified photocopy of your original diploma. (c) Official transcript(s) from the university or college registrar (d) Responses to essay questions Form (B) (Original + one photo copy) (e) Two letters of reference References should come from persons who have been directly responsible for assessing your work and/or academic performance. At least one, and preferably both, references should come from your sponsoring company. Form (C) (f) Official TOEFL score report (Only for applicable students. Please see the above criteria.) Please enclose a photocopy of the TOEFL score report and have ETS send us the official report directly. (g) Official GMAT score report Please enclose a photocopy of the GMAT score report and have GMAC send us the official report directly. (h) For company-sponsored applicants: An official letter from the employer stating that the employer will sponsor the applicant (For applicants from Japanese companies, Haken Shodakusho in Japanese is acceptable.) (i) Official Health Certificate issued by a hospital or a medical doctor within three months of the application date Form (D) (j) Non-refundable application fee of JPY30,000 (see Attachment below for payment procedure) (k) For applicants residing in Japan, a self-addressed envelope of standard postal size (23.5 cm x 12 cm) for the admission decision response (25 grams) should be included, together with domestic registered mail stamp (JPY392). Applicants living abroad are not required to include this item. (l) For non-japanese applicants, a photocopy of the relevant page(s) of your passport that includes your name, photo, passport number, date of birth, etc. (m) For non-japanese applicants residing in Japan, a photocopy of your resident card/foreign registration card (the front and back side) 14

Notes: Please do not include any documents in the application envelope that are not specifically required. All the documents must be in English, except where otherwise prescribed. If documents are written in other languages, please attach an English translation. Please do not staple any submitted documents, but clip them. Once submitted, all application documents become official records of Hitotsubashi University and will not be returned to applicants. (8) Application Deadlines and Admission Notification: There are two rounds of applications for the Entering Class of 2015.The Admissions Committee strongly encourages applicants to apply in the first round, as space in the class may be limited in the second round. In addition, applying in the first round will have an advantage with respect to scholarships, particularly for international students. Round Application Term Interview Date Admission Decision Date 1 December 1, 2014 January 13, 2015 February 6, 2015 February 19, 2015 2 February 2, 2015 March 13, 2015 April 3, 2015 April 16, 2015 The application deadline for Round 1 is January 13, 2015. The application deadline for Round 2 is March 13, 2015. The date of Round 1interviews is February 6, 2015. The date of Round 2 interviews is April 3, 2015. It is important to note the following: You may apply for either of Two-Year or One-Year (excluding YLP) program. Once accepted to one program, you cannot switch to another program. All application documents, except for TOEFL and GMAT scores, must be sent in one envelope via registered mail or courier service to the following address: Office of Admissions Hitotsubashi University Graduate School of International Corporate Strategy National Center of Sciences 2-1-2 Hitotsubashi Chiyoda-ku, Tokyo 101-8439 Japan Those applying to the Two-year Program, please write MBA Two-year Program Application in red on the envelope. Those applying to the One-year Program, please write MBA One-year Program Application in red on the envelope. All application documents must be received by registered mail or courier service in our office by the deadline dates shown above. We will not accept application documents delivered in person. 15

Applicants are encouraged to submit applications as early as possible in each round. Scholarship decisions for international candidates are made only after a candidate has been admitted. Since scholarships are limited in number, first-round candidates will have an advantage in this regard. (9) Selection Process: The selection process for each round involves two screenings. The first screening is based on the written application documents only, and the second screening is based on the interview. You will be notified by e-mail of the interview decision (i.e., whether you passed the first screening and are eligible for the interview stage) and the exact time of the interview about 10 days prior to the interview date shown above. Interviews are held at the Chiyoda-ku Hitotsubashi campus for applicants residing in Japan and by phone for those residing overseas. The interview decision (the first screening decision) will be sent by e-mail only, so please make sure your e-mail address is accurate. (10) Admission Decision: You will be notified of the admission decision by e-mail and post on the appropriate Admission Decision dates shown on the previous page. Decisions will not be communicated by phone or fax. (11) Enrollment Procedures: A matriculation fee payment in the amount of JPY282,000 (preliminary estimate) will be due at the time of enrollment. Please remit this fee by bank transfer between April 30, 2015 and May 15, 2015. (12) Annual Tuition Fee: JPY535,800 (preliminary estimate) Payments of each half-year tuition fee in the amount of JPY267,900 (preliminary estimate) will be due in October 2015 and April 2016. The tuition payment should be made through a bank transfer with the prescribed form provided by Hitotsubashi University. Notes: Inquiries about admissions should be made only via fax (03-4212-3006) or e-mail (ics-info@ics.hit-u.ac.jp). All official documents should be originals; photocopies are not acceptable except under unusual circumstances. Application forms should be written using a computer, unless otherwise specified. If hand-written, please write legibly in black ink. Physically handicapped applicants should consult with the ICS Administration Office beforehand. 16

Attachment Application Fee of JPY30,000 Payment Procedure For applicants living in Japan: Payment of thirty thousand Japanese yen (JPY30,000) can be made through a bank transfer to the account noted below. A copy of the bank transfer receipt must be included in the application documents submitted to the ICS Administration Office. Payment by credit card is also possible. For more information, please follow this link for instructions. http://www.ics.hit-u.ac.jp/sites/default/files/uploads/application-fee-payment-procedure-by-credit-ca rd.pdf Bank Name/Branch: Sumitomo-Mitsui Bank, Kunitachi Branch Bank s address: 1-8-45 Naka, Kunitachi-shi, Tokyo 186-0004, Japan A/C Name: Hitotsubashi University Savings A/C No.: 7761795 Amount: JPY30,000 School s address: 2-1 Naka, Kunitachi-shi, Tokyo 186-8601, Japan (Tel: 81-42-580-8078) For applicants living outside of Japan: Payment of JPY32,500 (JPY30,000 for application fee + JPY2,500 yen for handling charge by the Japanese bank) can be made through bank transfer (cable remittance) to the account noted below, and a copy of the bank transfer receipt must be included in the application documents submitted to the Admissions Office. Payment by credit card is also possible. For more information, please follow this link for instructions. http://www.ics.hit-u.ac.jp/sites/default/files/uploads/application-fee-payment-procedure-by-credit-ca rd.pdf Bank Name/Branch: Sumitomo Mitsui Banking Corporation, Kunitachi Branch Bank s address: 1-8-45 Naka, Kunitachi-shi, Tokyo 186-0004, Japan A/C Name: Hitotsubashi University Savings A/C No.: 7761795 SWIFT Code: SMBCJPJT Amount: JPY32,500 Japanese (JPY30,000 for application fee + JPY2,500 for handling charge by the Japanese bank) School s address: 2-1 Naka, Kunitachi-shi, Tokyo 186-8601, Japan (Tel: 81-42-580-8078) 17

Notes: The Application Fee of JPY30,000 is non-refundable. Hitotsubashi University s bank account must receive a net amount of JPY30,000 after all remittance charges. Please ask your bank if the remittance will be made directly to Sumitomo Mitsui Banking Corporation or through other banks. If the remittance is made through other banks, an additional remittance charge may be deducted from the amount. In that case, please add that amount to JPY32,500. Please note the following on the bank transfer slip: "Full amount of thirty thousand Japanese yen (JPY30,000) must be received by the account holder." Bank checks are not acceptable forms of payment. Please make sure to have the application fee transferred under the name of the applicant, not under someone else s name. If you are making a payment through a bank transfer, please indicate whether you are applying to the first round or second round by adding the following to your name: For Round 1 applicant: Add R1 in front of your name. For Round 2 applicant: Add R2 in front of your name. If you are paying by credit card, you do not need to provide this information. Japanese government-sponsored students (Kenkyusei) are not required to pay an application fee; therefore, please enclose the certificate of the government scholarship issued by the enrolled university. 18

Address ICS is housed within Gakujutsu Sogo Center (National Center of Sciences). Graduate School of International Corporate Strategy, Hitotsubashi University National Center of Sciences 2-1-2 Hitotsubashi Chiyoda-ku, Tokyo 101-8439, JAPAN Getting here by train From Takebashi Station Take the Tokyo Metro Tozai Line to Takebashi Station. Approximately a four-minute walk from Exit 1B. From Jimbocho Station Take the subway Tokyo Metro (Hanzomon, Toei Shinjuku, or Toei Mita lines) to Jimbocho Station. Approximately a three-minute walk from Exit A8. International Arrival From Narita International Airport Take the Narita Express to Tokyo Station (approximately 60 minutes), walk to Otemachi Station (approximately 5 minutes), then take the Tozai Line to Takebashi Station. Or take the Toei Mita Line from Otemachi Station to Jimbocho Station. From Haneda Airport Take the Keihin Kyuko Line to Mita Station (approximately 28 minutes), change to the Toei Mita Line to Jimbocho Station. 19