IMHI MBA International Hospitality Management

IMHI MBA International Hospitality Management FULL-TIME MBA PROGRAM Enhancing careers in the hospitality industry

2 Beyond education ESSEC Business School is a pioneer by nature, tirelessly seeking out new and innovative management models based upon its European roots and humanist outlook. Its teaching approach favors independence of thought and is characterized by the varied, comprehensive business course offer. The incorporation of professional and international experience is intended to advance the maturing process, whilst a pronounced geopolitical culture and the spirit of enterprise are shared throughout the school community. All of these qualities combine to enable graduates of ESSEC to become successful leaders in working life. 35 programs at Initial and Executive Education levels provide students and managers with the opportunity not only to acquire new ideas and concepts, but also to put forward their own and anticipate the consequences in today s uncertain climate. This is achieved in line with the values that make ESSEC a business school with a difference: Humanism, Innovation, Responsibility, Diversity and Excellence. Key figures 125 professors (90% hold a Ph.D. or Doctorate, 43% are entitled to supervise research, and 40% are of international background) 299 articles and 105 books published over the past 5 years 3 900 full-time students and 6 000 executives enrolled on programs each year 90 nationalities present on 3 campuses 118 partner universities in 30 countries make up a global exchange network 15 double degree agreements 32 000 Alumni and 42 international Alumni offices in the world s major capital cities 35 programs 100+ student associations - 3 halls of residence - 880 rooms 280 partner companies involved in educational programs and recruitment

3 The IMHI - MBA Creating value for your future The Institut de Management Hôtelier International IMHI - was created in 1981 as a joint venture between Cornell University s School of Hotel Administration and the ESSEC Business School, a partnership which lasted for twenty-five years. Now independent of Cornell, IMHI is firmly positioned as the leading center of hospitality education in Europe. IMHI's most prominent program of study is the IMHI MBA in International Hospitality Management. Established center of excellence in hospitality education Consistently ranked first among tourism/hospitality degrees in France Widely recognized by industry as Europe s leading hospitality management program All classes delivered in English Learning in a multi-cultural environment Courses with a strong international and strategic focus Quality teaching provided by leading faculty from ESSEC and other centers of hospitality excellence An innovative program with strong industry involvement In-house career services and coaching A global IMHI Alumni network of over 1000 graduates 45 nationalities spanning 55 countries - part of the 27 000 strong ESSEC Alumni network IMHI has been a great experience that has changed my life, firing me with the determination to succeed in the world of hospitality Puneet Chhatwal, Senior Vice President and Chief Development Officer, The Rezidor Hotel Group

4 The International Hospitality Industry A leading growth sector offering challenging careers The travel and tourism industry has experienced enormous growth over the last decade and the future holds impressive potential. According to the World Travel and Tourism Council - WTTC - travel and tourism demand is expected to grow by 4.3% over the next 10 years, and it forecasts that a quarter of a billion people will work in this industry by the end of the decade. In today s fast-moving globalised environment, the IMHI program is the surest gateway to a professional career in the service industries. As part of this wider industry, hospitality has evolved into a highly competitive, complex and global business that offers exciting career opportunities. Our graduates work at senior management and corporate level in a diverse range of sectors including international hotel chains, independent hotels, restaurants, contract catering and food services, consultancies, online travel distribution, theme parks, convention and meeting planning, financial institutions and real estate development. Eric Vincent, Managing Director Hippopotamus, Groupe FLO

5 The IMHI MBA in International Hospitality Management One MBA: Two Tracks Why an MBA focusing on the hospitality industry? Business leaders need not only excellent analytical decision-making and value-adding skills; they also require in-depth insight into the industries in which they work. By focusing on hospitality, this MBA program enables participants to differentiate themselves in an increasingly competitive environment, thanks to their comprehensive understanding of this complex industry and solid grounding in core business disciplines. One MBA Two Tracks The IMHI MBA in International Hospitality Management is offered in an innovative two track format, designed to meet the changing needs of industry and of professionals seeking to fast track or redirect their careers. Whilst the formats of the two tracks are different, their content, learning objectives and final qualification are the same. The One Year Track is designed for professionals who already have experience in the hospitality sector and would benefit most from a shorter, more intensive approach. The Two Year Track is aimed at candidates with less experience who wish to integrate additional professional experience into their study program as they develop their knowledge of core business subjects. IMHI trains the managers of tomorrow: men and women gifted with the ability to fit in, communicate and relate with others both professionally and in society generally. Their training enables them to respond quickly and efficiently in an environment where adaptability is at a premium. Yann Caillère, Director General, Accor Hospitality (France, Southern Europe, Africa and Middle-East) Characteristics of the Two Tracks One Year Track > 11 months > Intensive program for participants with professional experience > Age range: Between 26 and 40 years old > Average work experience: 4 5 years > Prior business degree or equivalent Two Year Track > 23 months > Longer program integrating work experience either through Internships or Apprenticeship > Age range: Between 22 and 28 years old > Average work experience: 2 3 years > Diverse educational backgrounds

6 Program content and structure an innovative program with strong industry involvement Academic and professional content Main core classes All core classes have a strong focus on the international hospitality industry. A Strategic Approach to Hospitality Management Hospitality Accounting Business Computing Services Marketing Applied Research Methods Managing Organizations Corporate Finance Managing People Information Systems Management Strategic Management Strategic Marketing Concentrations Participants select one out of five concentrations*: Luxury Services Management: Developed in collaboration with the ESSEC MBA in International Luxury Brand Management, this concentration focuses on brand management in the luxury sector. E-Commerce: In today s digital world, travel is one of the top products sold on-line. This concentration focuses on developing the skills and competencies necessary to work in this highly complex field. Real Estate and Development: The increasingly financial nature of the hospitality business and the growing importance of the position of property managers in corporate strategy both give rise to new challenges in the real estate sector. Entrepreneurship: Developed in collaboration with ESSEC New Business Center, this concentration provides the tools and support for participants interested in developing their own project or company. General Manager Track: Designed to provide participants with the cross-functional skills and competencies needed to become a hotel general manager, this portfolio of courses focuses on cutting edge hotel operations and Food & Beverage issues. The Industry Consultancy Project This group exercise, carried out at the end of the program, combines knowledge acquired during the program with a real-world, challenging business situation. It is carried out full time for two months by teams drawn from different concentrations and is supervised by a Faculty member and a Company Executive. Internships Supervised internships give participants the opportunity to gain in-depth work experience, improve their language skills and increase their ability to apply theoretical knowledge to real-life situations. The internship period lasts for seven months. Apprenticeship program The apprenticeship program enables selected participants to gain professional experience in synergy with their academic studies. It is open only to participants under the age of 26. Partner companies pay the tuition fees of their apprentices, who in addition receive compensation based on a percentage of the French minimum wage, in return for working with the company throughout their studies. This is an ideal way for qualified applicants to finance their studies while at the same time building a valuable portfolio of professional experience. The apprenticeship scheme is also open to international students. However, a good knowledge of French is compulsory to secure an apprenticeship contract as all apprenticeships take place in or around Paris. * Subject to change.

7 IMHI has provided Compass with many excellent employees thanks to the win-win partnership we have developed. These talented graduates have admirable social skills and can work under pressure. They learn quickly and become high-level achievers within the group. Guillaume Séméria-Soucail, Recruitment and Career Manager, Compass Group Program structure The program runs from September to July of the following year. One Year Track Introductory Module Autumn Trimester Winter Trimester Spring Trimester Summer The International Hospitality Industry Core Management Courses Core Management Courses Concentrations: Luxury Services Management, E-Commerce, Real Estate & Development and Entrepreneurship Elective Courses Industry Consultancy Project Capstone Module Two Year Track Year One Introductory Module Autumn Trimester Winter Trimester Spring Trimester Summer The International Hospitality Industry Core Management Courses Core Management Courses Apprenticeship or Internship Apprenticeship or Internship Year two Autumn Trimester Winter Trimester Spring Trimester Summer Core Management Courses and electives Core Management Courses Concentrations: Luxury Services Management, E-Commerce, Real Estate & Development and Entrepreneurship Elective Courses Industry Consultancy Project Capstone Module

8 A strong international focus Building expertise in an international, multicultural environment The program, courses, faculty, participants and Alumni demonstrate the international and multicultural focus of the IMHI MBA in International Hospitality Management. Studying at IMHI ensures that participants not only gain core management skills, but are challenged by and exposed to other ways of thinking, essential for success in today s global business environment. International faculty with hospitality expertise Quality teaching is provided by leading faculty from ESSEC and other centers of hospitality excellence worldwide. All have significant international professional and research experience. This helps ensure that the curriculum remains geared at all times towards the challenges faced by the hospitality industry. Resumes of our current professors are available on the website. International participants Every year the program attracts participants from over 25 countries, each of whom brings a wealth of diverse professional and personal experiences to their classes and study groups. This exchange of cultures combines with a strong work ethic to create a distinctive IMHI learning environment. What I enjoyed the most was the interaction with incredible professors, real leaders in their fields. Matthew Gebbie, Class of 2004, Australian Senior Consultant - Horwath Asia Pacific

9 Where our participants come from We all gained immeasurable insight into why different people think and react the way they do to other people and situations. Ajay K. Bakaya, first intake 81 83, Indian Executive Director - Sarovar Park Plaza Hotels & Resorts - New Delhi, India

10 At a time when our society is in need of cross-cultural communication and sensitivity, prospective students of IMHI can look forward to sharing experiences with their peers as they forge ahead into a world that will continue to become more interconnected. IMHI, with its open-minded approach to education and the proximity to Paris, provides the requisite skills. Dimitrios Zarikos, Regional Vice President & General Manager, Four Seasons Hotel Toronto

11 Corporate relations during and after the MBA Building strong networks with industry Extensive industry relations IMHI has wide-ranging partnerships and close ties with a large number of international hospitality companies. Senior industry executives frequently visit the campus to take part in classes, give guest lectures, participate in field projects, recruit future employees or simply network with participants and faculty. Numerous corporations contribute financially to IMHI, another reflection of the close relations between IMHI and industry. I was fortunate to attend IMHI more than 20 years ago and most of the knowledge and skills acquired during that time remain today as a strong foundation in my daily routine. There was an excellent working atmosphere and we benefited greatly from the diverse origin of students and the abundance of group projects. Companies recently involved in the program > Accor > Amadeus-Optims > Atisreal Hotels > CB Richard Ellis > Château Form > Colony Capital > Compass Group > Deloitte > Disneyland Resort Paris > Elior > Expedia Inc. > Four Seasons Hotels & Resorts > Grace Leo Andrieu International > Groupe FLO > Haagen-Dazs > Hilton > Hôtel Plaza Athénée > Hotel Valuation System (HVS) > Hyatt International > Jones Lang LaSalle > KPMG > Le Méridien > Louvre Hotels > Lucien Barrière hôtels & Casinos > Marriott Hotels & Resorts > Pierre et Vacances > Jones Lang LaSalle > Revenue Management Solutions, Inc. > Royal Bank of Scotland > Sodexo > Starwood Hotels & Resorts > The Rezidor Hotel Group > Yum! Olivier Chavy, Senior Vice President, Resort Operations, Hilton Grand Vacations

12 Careers Service The MBA program provides ongoing career orientation and support to participants to help them secure suitable positions upon graduation. Individual counseling, seminars on job search techniques and career orientation, interview simulation exercises, recruitment sessions and CV Book distribution are some of the ways in which we help participants achieve their career goals. The Careers Advisory Service also has close links with Alumni and industry to increase participants' understanding of the current job market and to help them develop a good network. In addition to company presentations, the Careers Advisory Service organizes Executive Search Company Conferences, Alumni Exchange Conferences and Industry Leaders in the Classroom guest lectures. Top 20 IMHI Employers > Accor > Amadeus-Optims > CB Richard Ellis > Compass Group > Elior > Expedia Inc. > Four Seasons Hotels & Resorts > Groupe FLO > Hilton > Hotel Valuation Services (HVS) > Hyatt International > InterContinental Hotels & Resorts > Jones Lang LaSalle > KPMG > Louvre Hotels > Lucien Barrière hôtels & Casinos > Marriott > Sodexo > Starwood Hotels & Resorts > The Rezidor Hotel Group IMHI Graduates 2006 by employment sector Hotel Chains Independent Hotels Consulting & Development Contract Catering, Food Services & Restaurants Travel Distribution & Information Technology Others 47% 10% 16% 15% 10% 2% The London office of HVS has enjoyed a close association with IMHI and has benefited tremendously from the quality of its graduates. All have similar characteristics that fit well with HVS: a strong work ethic, great marketing and entrepreneurial skills, excellent financial modelling techniques and the confidence to express themselves clearly. Russell Kett - Managing Director - Hotel Valuation Services (HVS) UK

13 A strong Alumni network When you join IMHI, you become part of an international community that creates bonds that last long after graduation. The MBA's strong Alumni network of over 1000 graduates spans 45 nationalities and 55 countries. Alumni are actively involved in the program and help connect participants to the industry and jobs and provide an excellent support network. Graduates from the program remain in contact with the school and with each other by means of the IMHI Alumni Association (www.aaimhi.com). The IMHI Association is part of the ESSEC Alumni Association which has over 26 000 graduates. This affiliation widens the scope of Alumni networking possibilities and offers Alumni events and activities around the globe. IMHI Graduates 2006 by geographical location 45% 21% France Europe outside France 9% 9% Americas Other locations 12% Middle East/Africa 4% Asia/Pacific Lead time to secure permanent employment IMHI Graduates 2006 42% 14% 21% 18% 4% 1% Before graduation/end of apprenticeship 0 to 2 months 2 to 4 months 4 to 6 months 6 to 8 months More than 8 months

14 Participant profiles Profile of a participant on the One Year Track The One Year Track has been designed for individuals who already have at least three years of professional experience. These individ-uals may be taking a sabbatical year to further their education, possibly with the support of their employer. Candidates for this stream are able to demonstrate a level of maturity and high motivation compatible with the workload of an intensive program. They are between 26 and 40 years old. The One Year Track program also makes assumptions regarding the prior knowledge of its partic-ipants. To qualify for the one year MBA program, candidates need to have prerequisite knowledge in certain core business disciplines. Profile of a participant on the Two Year Track Candidates applying for the Two Year Track are typically between 22 and 28 years old, with at least one year of professional work exper-ience in the hospitality industry. Successful candidates will have the opportunity to integrate additional work experience into their study program, and gain exposure to particular firms or job functions as part of their studies. The Two Year Track allows them to achieve this either through the apprenticeship scheme or through internships integrated into their course work. Application requirements One Year Track > University degree in business or equivalent > Minimum of three years of professional work experience > Fluency in written and spoken English: the TOEFL is required for non-native speakers > GMAT (Management aptitude test) > Academic and personal references > Interview with Faculty and Alumni Two Year Track > Minimum three year undergraduate degree or Hotel Management Qualification > Minimum of one year of professional work experience > Fluency in written and spoken English: the TOEFL is required for non-native speakers > GMAT (Management aptitude test) > Academic and personal references > Interview with Faculty and Alumni IMHI not only gives you access to a world class education, it gives you a world-wide network of Alumni. Nicole Van den Dool, Class of 99, Dutch Director International Hotel Development Planning Marriott Hotels International London, United Kingdom

15 Application deadlines Rolling applications with a deadline of April 1st. It is important to apply early to be eligible for certain scholarships. See www.essec.edu/imhi. Financial aid and loans Participants have a variety of options for financing their studies at ESSEC including grants from the French Government and international agencies, Eiffel scholarships, IMHI Partner scholarships, ESSEC social scholar-ships, the Apprenticeship program and bank loans. See www.essec.edu/imhi. Life on campus See the website www.essec.edu for full details on life on the ESSEC campus and how to get there.

For further details: Contact: Joëlle Harris Tel: + 33 1 34 43 32 55 Fax: + 33 1 34 43 17 01 Email: harris@essec.fr Website: www.imhi.com ESSEC Business School Avenue Bernard Hirsch - BP 50105-95021 Cergy Pontoise Cedex - France Tél. : 33 (0)1 34 43 30 00 Fax : 33 (0)1 34 43 30 01 www.essec.fr ESSEC Executive Education CNIT - BP 230-92053 Paris-La Defense - France Tél. : 33 (0)1 46 92 49 00 Fax : 33 (0)1 46 92 49 91 http://formation.essec.fr July 2008 - Not legally binding - Dialogues ESSEC Business School Singapore campus 100 Victoria Street - National Library # 13-01 - Singapore 188064 essecasia@essec.fr Tél. : + 65 6884 9780 fax : + 65 6884 9781 www.essec.edu