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X. Xxxxxx<br />

<strong>QS</strong> <strong>Global</strong> <strong>200</strong><br />

<strong>Business</strong> <strong>Schools</strong><br />

<strong>Report</strong> <strong>2012</strong><br />

By Nunzio Quacquarelli<br />

MA Cambridge, MBA Wharton<br />

1


Contents<br />

1. Summary: fast facts ...................................................................5<br />

2. Introduction ................................................................................ 7<br />

3. Methodology ..............................................................................9<br />

4. Methodology: sample .............................................................. 11<br />

REGIONAL RATINGS<br />

5. North America ......................................................................... 12<br />

6. Europe ....................................................................................... 16<br />

7. Asia-Pacific ............................................................................... 19<br />

8. Latin America ........................................................................... 23<br />

9. Middle East and Africa ........................................................... 25<br />

SPECIALIZATION RATINGS<br />

8. Corporate social responsibility .............................................. 26<br />

9. Entrepreneurship ..................................................................... 29<br />

10. Finance ...................................................................................... 32<br />

11. Information management ....................................................... 35<br />

12. Innovation ................................................................................ 38<br />

13. <strong>International</strong> management ..................................................... 41<br />

14. Leadership ................................................................................ 44<br />

15. Marketing ................................................................................. 47<br />

16. Operations management ......................................................... 50<br />

17. Strategy ..................................................................................... 52<br />

18. Conclusion ................................................................................ 54<br />

19. Appendix .................................................................................. 58<br />

3


4<br />

About the contributors<br />

Author: Nunzio Quacquarelli is founder and<br />

Managing Director of <strong>QS</strong> Quacquarelli Symonds<br />

Ltd, publisher of the leading MBA information<br />

hub TopMBA.com and organizers of the <strong>QS</strong> World<br />

MBA Tour. Nunzio has an MA from the University<br />

of Cambridge and an MBA from The Wharton<br />

School and has been responsible for publication of<br />

the <strong>QS</strong> TopMBA.com Jobs & Salary Trends <strong>Report</strong><br />

since 1990<br />

Analyst: Susan Gatuguta Gitau is a research<br />

analyst and member of the <strong>QS</strong> Intelligence Unit.<br />

<strong>Business</strong> education journalist: Kin Ly<br />

Note to journalists<br />

The content of this report is protected by<br />

copyright.** Should you wish to reproduce<br />

any of the tables present within this report,<br />

kindly get in touch with our PR department.<br />

Each table and graph used outside of this<br />

Other research by <strong>QS</strong><br />

report must be credited to: <strong>QS</strong> <strong>Global</strong> <strong>200</strong><br />

<strong>Business</strong> School <strong>Report</strong> with a live link to:<br />

www.topmba.com/global-<strong>200</strong>-12<br />

Point of contact:<br />

Simona Bizzozero, Head of Public Relations<br />

at <strong>QS</strong>. She and is available to provide further<br />

information and to put the media in touch<br />

with the <strong>QS</strong> experts for commentaries or<br />

interviews.<br />

Email: simona@qs.com<br />

Tel: +44 (20) 7284 7248,<br />

+44 (0) 7880 620 856,<br />

<strong>QS</strong> Quacquarelli Symonds Ltd<br />

1 Tranley Mews Fleet Road,<br />

London NW3 2DG<br />

United Kingdom<br />

www.TopMBA.com<br />

<strong>QS</strong> TopMBA.com Applicant Survey 2011<br />

The <strong>QS</strong> TopMBA.com Applicant Survey 2011 is the largest<br />

survey of the mindset and aspirations of MBA applicants ever<br />

conducted. The results provide detailed insight into the status,<br />

attitudes, goals and ambitions of MBA applicants worldwide<br />

and how they and the employment and education markets for<br />

young professionals are changing. This survey allows valuable<br />

insight into the changing trends of worldwide MBA applicants.<br />

Visit: www.TopMBA.com/applicant-survey-11<br />

<strong>QS</strong> TopMBA.com Jobs and Salary Trends <strong>Report</strong><br />

The <strong>QS</strong> TopMBA.com Jobs and Salary Trends <strong>Report</strong> reveals<br />

upcoming MBA recruitment levels and salaries reported by<br />

MBA employers around the world. The leading report contains<br />

unparalleled data and expert analysis on which industries<br />

will pay, and hire the most MBA graduates and alumni in the<br />

coming years.<br />

Visit: www.TopMBA.com/jobs-salary-report-11-12


1. Summary: fast facts<br />

Regional ratings in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong><br />

<strong>Schools</strong> <strong>Report</strong> <strong>2012</strong><br />

North America<br />

US business schools continue their<br />

dominance with rare movement among<br />

the top rated business schools, signifying<br />

a very developed market which is difficult<br />

for growing institutions to penetrate at a<br />

high level.<br />

Movement lower down the largest regional<br />

rating in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong><br />

<strong>Schools</strong> <strong>Report</strong> points toward an extremely<br />

competitive range of management<br />

education offerings, consistently striving<br />

for perfection.<br />

Page 12<br />

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Europe<br />

A large number of European business<br />

schools situated in the top cluster testifies<br />

to the quality of European business schools,<br />

challenging the traditional dominance of<br />

business schools in the US.<br />

Though the UK remains the largest<br />

contributor of business schools in the<br />

European rating, Spanish and French<br />

business schools are also prominent,<br />

reflecting global MBA applicant<br />

preferences.<br />

Eight new entrants to the European<br />

business school rating suggest the region<br />

is still evolving in terms of employer<br />

recognition of management education.<br />

Page 16<br />

Asia-Pacific<br />

Rapid improvement in the quality of the<br />

region’s MBA programs has translated<br />

into 26 business schools entering the<br />

report since <strong>200</strong>4, impressing international<br />

employers with their graduates.<br />

Australia continues its dominance in this<br />

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region, although it is continually being<br />

challenged. This year, 11 of the 36 Asia-<br />

Pacific business schools are based in<br />

Australia.<br />

Heightened demand in India and China has<br />

thrusted top performing business schools<br />

into international employer’s spotlights<br />

as the two country’s economic importance<br />

continues to develop.<br />

Many of Asia’s business schools lack in<br />

international student enrollment, causing<br />

concern among employers looking for<br />

graduates to work in a multinational<br />

environment. Exceptions include business<br />

schools in Hong Kong and Singapore, plus<br />

Australia if looking at the wider Asia-<br />

Pacific region.<br />

Page 19<br />

Latin America<br />

MBA employers in the region continue to<br />

look toward North American and European<br />

MBA graduates to hire their management<br />

staff, while local companies tend to hire<br />

within their own country. Therefore, just<br />

10 business schools appear in the <strong>QS</strong><br />

<strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong>’s Latin<br />

American rating.<br />

Compared to last year’s Latin American<br />

regional rating, there have been big<br />

changes, signifying the ever evolving<br />

nature of management education in a<br />

region that is still developing its MBA<br />

offerings.<br />

Large and increasingly globally important<br />

economies are strong in terms of employer<br />

opinion of business schools in the region,<br />

translating into possible future regional<br />

management education hubs in Chile and<br />

Brazil.<br />

Page 23<br />

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5


6<br />

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Middle East and Africa<br />

While the Africa and Middle East region is<br />

in the very early stages of its development<br />

of management education, shown by few<br />

schools appearing in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong><br />

<strong>Business</strong> <strong>Schools</strong> <strong>Report</strong>, investment in the<br />

sector coupled with huge political changes<br />

in the region show great promise for new<br />

and existing business schools to grow in<br />

international prominence.<br />

Page 25<br />

Specialization ratings in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong><br />

<strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong><br />

s<br />

s<br />

Summary: fast facts<br />

<strong>Business</strong> schools around the world are<br />

placing greater importance in the teaching<br />

of corporate social responsibility, partly as a<br />

result of the huge economic developments<br />

in recent years. This is not only in North<br />

America and Europe, but developing<br />

management education destinations in<br />

Asia-Pacific.<br />

Page 26<br />

A diverse range of nations represented<br />

in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong><br />

<strong>Report</strong>’s entrepreneurial rating signifies<br />

the importance placed by both businesses<br />

and governments on future entrepreneurial<br />

talent emerging from MBA programs.<br />

Page 29<br />

s s<br />

s s<br />

MBA program curricula have changed as<br />

a result of the ongoing global economic<br />

issues, resulting in employers valuing<br />

recent and future MBA graduates more so<br />

than ever. Graduates from schools located<br />

in or near global financial capitals appeal<br />

particularly to employers.<br />

Page 32<br />

Heightened demand from employers<br />

looking for MBA graduates with a specific<br />

knowledge in information management<br />

has developed considerably as a result<br />

of technological innovation. <strong>Schools</strong> in<br />

certain regions in North America are on<br />

employer’s radars more so than most.<br />

Page 35<br />

Huge class diversity in many of Europe’s<br />

business schools see the continent’s<br />

institutions perform particularly well in<br />

terms of MBA employer opinion. North<br />

American schools also see good results,<br />

while Asian business schools suffer from<br />

difficulties in attracting international<br />

applicants.<br />

Page 41<br />

Due to the economic woes in Europe<br />

and North America, MBA employers are<br />

looking to graduates versed in leadership<br />

in order to steer them away from possible<br />

future difficulties. Currently, business<br />

schools in the US, UK, and other European<br />

destinations are among the most respected<br />

by employers.


2. Introduction<br />

The <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> originated<br />

in the early 1990s as an alternative to business school<br />

rankings. The ratings provide a detailed overview<br />

of the most popular business schools around the<br />

world, based on details provided to <strong>QS</strong> by over 2,000<br />

employers who actively recruit MBA graduates.<br />

Without inferring any overall rankings, <strong>QS</strong>’ objective<br />

is to provide a resource to help prospective MBA<br />

students identify the business schools from which<br />

employers most actively recruit. The research is<br />

intended to be of use to MBA employers, prospective<br />

MBA students and institutions worldwide that are<br />

interested in international business education and<br />

recruitment trends.<br />

At the heart of the report is the definitive list of <strong>200</strong><br />

business schools from which employers prefer to<br />

recruit MBAs. This list is compiled from an annual<br />

survey of human resources (HR) managers and line<br />

managers with recruiting responsibilities at companies<br />

around the world. Each year, employers recommend<br />

new schools to be added to the list. This is then sent to<br />

other recruiters to rate.<br />

The research provides ratings of the most popular<br />

business schools according to two definitive categories:<br />

Regional ratings:<br />

Africa and the Middle East;<br />

Asia-Pacific;<br />

Europe;<br />

Latin America;<br />

North America.<br />

MBA specialization* ratings:<br />

Corporate social responsibility (CSR);<br />

Entrepreneurship;<br />

Finance;<br />

Information management;<br />

Innovation;<br />

<strong>International</strong> management;<br />

Leadership;<br />

Marketing;<br />

Operations management;<br />

Strategy.<br />

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s<br />

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s<br />

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*MBA specialization refers to a business school’s perceived area of<br />

expertise among MBA employers. Throughout the report the above<br />

10 areas of expertise are referred to as ‘MBA specializations’.<br />

<strong>Global</strong> employability: business school rankings or<br />

ratings?<br />

The objective of the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong><br />

<strong>Report</strong> is to provide an indication of the employability<br />

of an MBA upon graduation. As such, <strong>QS</strong> believes a<br />

ratings system as opposed to the traditional business<br />

school rankings provides a reliable measure of the<br />

employability outcome of an MBA program.<br />

Traditional rankings assess on average 15 to 20 criteria<br />

in order to provide an overarching indication of<br />

student satisfaction. These vary but are mostly based<br />

on general aspects: academic peer review, citations<br />

per faculty, faculty-student ratio, and international<br />

students, for example.<br />

The <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> only measures<br />

one indicator – the employability outcome of an MBA<br />

program by region and specialization. Focusing solely<br />

on employers’ views provide a reliable insight as to<br />

which business schools produce MBA graduates and<br />

alumni that are favored by recruiters. This is derived<br />

from employers’ votes as to which schools they prefer<br />

to recruit MBA graduates.<br />

Employers and HR decision makers worldwide are<br />

at the forefront of witnessing the worth of an MBA.<br />

<strong>QS</strong> believes that they are in the best position to judge<br />

the value of a business school’s graduates, and have<br />

among the most objective and informed opinions<br />

as to which are the ‘best’ business schools. When an<br />

HR department selects a business school to recruit<br />

MBAs from, the decision will often be the result of an<br />

intensive research exercise: evaluating the strength of<br />

faculty, the facilities and the relevance of the course to<br />

the employee and the company’s needs.<br />

Similarly, when HR managers choose which business<br />

schools to recruit from, they will draw from a wide<br />

7


8<br />

Introduction<br />

range of information sources. They assess the<br />

quality and efficiency of the schools’ career services<br />

and the reputation of the school, for example. HR<br />

decision makers look beyond rankings and examine<br />

the facilities, the course content and the quality of<br />

students. Year-on-year, this survey reveals remarkable<br />

consistency in school selection. Allegiance to particular<br />

schools is not gained or lost by one good or bad student<br />

but by a sustained experience over several years.<br />

Providing regional MBA ratings<br />

Management education is globalizing. The past<br />

decade has seen an increase of accredited business<br />

schools open in emerging markets such as in the<br />

BRIC countries (Brazil, Russia, India, and China).<br />

While business schools in the US and Europe remain<br />

the most popular study destinations among MBA<br />

students, schools elsewhere in the world such as<br />

those in Asia-Pacific are growing in popularity. The<br />

proliferation of accredited programs around the globe<br />

has led to a wider choice for MBA applicants over the<br />

past few years. Recent trends indicate that there is<br />

greater onus on choosing the right country as well as<br />

the right business school. According to the TopMBA.<br />

com Applicant Survey 2011, over 50% of MBA<br />

students are choosing schools based on the country in<br />

which they wish to work.<br />

Furthermore, international MBA recruiting is no longer<br />

the domain of a few prestigious US and European<br />

companies. A growing number of HR managers in<br />

the Asia-Pacific region, Latin America, and the Middle<br />

East are informed about MBA education. Managers in<br />

these regions have been asked to share their views on<br />

the schools they would prioritize for MBA hiring.<br />

There is a greater focus on regional MBA trends and in<br />

order to provide data to help students and recruiters<br />

choose which schools to apply to and recruit from, <strong>QS</strong><br />

has categorized its business school ratings by region.<br />

MBA specialization ratings<br />

According to the <strong>QS</strong> TopMBA Applicant Survey, school<br />

specializations are the eighth most important criterion<br />

for school selection. According to the survey, which<br />

is the largest of its kind, school specializations are<br />

more important to applicants than MBA rankings,<br />

convenience of location, or recommendations from<br />

peers, colleagues and even employers.<br />

The MBA curriculum is changing to respond to this in<br />

the offering of MBA specializations. For professionals<br />

who want to further their careers in the field that they<br />

are already working in, an MBA with a specialist focus<br />

would be a viable option. In developing ratings on<br />

MBA specializations, <strong>QS</strong>’ aim is to provide a useful<br />

resource for prospective students and employers’<br />

alike to help aid decisions over which schools to apply<br />

to, or which to recruit from. MBA programs that do<br />

not offer specializations can still produce graduates<br />

that excel in specialist fields.<br />

The results of the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong><br />

are based on MBA recruiters’ opinions and as such,<br />

employers also voted on general MBA programs<br />

that provide training and education in any one of 10<br />

specialist fields, as well as programs that specialize in<br />

a particular field. There is now greater diversity in the<br />

many MBA specializations on offer, but <strong>QS</strong> rates the 10<br />

core MBA specializations.


s<br />

3. Methodology<br />

The <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> survey<br />

(hereafter referred to as the ‘survey’) captures the<br />

preferred set of business schools each responding<br />

employer wishes to recruit from, either now, in the<br />

recent past or in the near future.<br />

<strong>QS</strong> asks international employers to select the schools<br />

they consider for hiring MBA graduates from.<br />

Employers that focus on domestic hiring are not<br />

included in the survey. However, <strong>QS</strong> recognizes that<br />

many excellent schools that cater predominantly<br />

for their local recruitment market may therefore not<br />

appear in the tables.<br />

We include only business schools offering full-time<br />

MBA programs and as such well known business<br />

schools like ESCP Europe and HEC Lausanne (which<br />

only offer executive MBA, part-time MBA and/or<br />

masters programs) are excluded.<br />

In order to produce the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong><br />

<strong>Report</strong>, <strong>QS</strong> focuses on experienced HR and line<br />

managers at organizations that actively recruit MBAs.<br />

Respondents from each company are asked a series of<br />

questions about MBA recruiting in the previous and<br />

the forthcoming year.<br />

Employer responses to these questions provide<br />

information on the following:<br />

s<br />

s<br />

s<br />

MBA recruitment trends;<br />

MBA salaries and compensation trends;<br />

<strong>Global</strong> business school ratings by region;<br />

<strong>Global</strong> business school ratings by specialization.<br />

Each employer is asked to list, unprompted, the<br />

international schools from which they have recently<br />

attempted to recruit MBAs. Each time a school is<br />

selected by an employer, it receives one vote and<br />

the total number of votes is referred to as the ‘total<br />

unprompted votes.’<br />

From a list of 500 business schools that have been<br />

categorized by region, employers are then asked<br />

to identify the schools they regard as attractive for<br />

the purpose of hiring MBA graduates. In order to<br />

be included in the survey, a school must have been<br />

recommended by an employer in the previous year of<br />

the research. Each time a school is voted, it is given one<br />

vote, referred to as the ‘total prompted votes’.<br />

The prompted and unprompted votes are added<br />

together to create the ‘total employer votes’. In order<br />

to ensure balanced results that are not subject to<br />

influence from the economic cycle, an average of the<br />

‘total employer votes’ is taken from the current year’s<br />

research and the previous two year’s research.<br />

The best performing school(s) are given an index score<br />

of 100 and the average total employer votes is indexed<br />

against the best performing school(s). This indexing<br />

does not affect the relative positions of schools in any<br />

given year. This score is known as the school’s ‘index<br />

of employer votes’.<br />

This research does not intend to infer an overall<br />

ranking of schools. The tables list schools in clusters,<br />

categorized by region and specialization. The relative<br />

employer position of schools is displayed based on<br />

their employer score in that year and a rating within<br />

the region or specialization.<br />

9


10<br />

Methodology<br />

Table 1: <strong>Business</strong> school clusters<br />

Number of schools featured<br />

by region<br />

North America<br />

Europe<br />

Asia-Pacific<br />

Latin America<br />

Africa & Middle East<br />

Top Cluster:<br />

Index of<br />

Employer Votes<br />

>=65<br />

Second Cluster:<br />

Index of<br />

Employer Votes<br />

>=23<br />

Note: Numbers in brackets are numbers of schools from the previous report<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> Ratings (www.topmba.com)<br />

Clusters<br />

Third Cluster:<br />

Index of<br />

Employer Votes<br />

>= 14<br />

Fourth Cluster:<br />

Index of<br />

Employer Votes<br />

>= 11<br />

20 20 32<br />

10<br />

14<br />

26<br />

11<br />

16<br />

4<br />

14<br />

7<br />

11<br />

0<br />

8<br />

2<br />

0<br />

0<br />

2<br />

2<br />

1<br />

Rating the business schools<br />

The table above provides a summary of the number of business schools in each region which make<br />

up the list of the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong>. <strong>Schools</strong> which achieved an index of employer<br />

votes of over 11 are included in the definitive list of <strong>200</strong> business schools. <strong>Schools</strong> are presented in<br />

clusters which provide distinction in terms of recognition among employers. The relative positions<br />

within the clusters are not considered significant by the authors of this report.


4. Methodology: sample<br />

Table 2: Sample of responding employers by region<br />

Countries Sectors<br />

The survey was conducted between March<br />

and July 2011 and represents one of the largest<br />

exercises <strong>QS</strong> has undertaken in terms of<br />

geographic scope and level of detail.<br />

The 12,100 (5,007)* employers responding<br />

to the survey in 2011 were made up of 2,140<br />

(2,157) who were actively recruiting MBAs. All<br />

employers who responded to the survey are<br />

guaranteed confidentiality for the components<br />

of their individual responses, except for any<br />

open-ended feedback they have chosen to<br />

Consulting Finance Industry Technology<br />

Asia-Pacific Booz & company HSBC Edam Instruments Apple<br />

Ernst & Young Standard RLS Pharma Google<br />

IBM ICIC Bank Tata LG<br />

Europe Barclays<br />

AT Kearney Capital Emerson Intel<br />

Electronics<br />

Gallup Credit Suisse General Electric Philips<br />

Morgan<br />

Roland Berger Stanley Schindler SAP<br />

Latin America Banco<br />

Accenture Stantander Johnson&Johnson Schlumberger<br />

CT Partners BBVA General Motors Siemens<br />

Signium Bradesco MWM <strong>International</strong> Stefanini<br />

US & Canada Deloitte CitiGroup Eaton Corp Amazon<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> Ratings (www.topmba.com)<br />

KPMG IFC World Bank Eli Lilly IBM<br />

McKinsey & Co. JP Morgan Pfizer Blackwater<br />

<strong>International</strong><br />

provide on the value of an MBA or concerns<br />

with MBA hires.<br />

* Comparative figures for the previous year are shown<br />

in brackets.<br />

The following table gives a snapshot of some of<br />

the organizations that took part in the survey<br />

across the world. A more comprehensive list<br />

can be found in the appendix at the end of this<br />

document.<br />

11


12<br />

350<br />

300<br />

250<br />

<strong>200</strong><br />

150<br />

100<br />

50<br />

0<br />

Methodology: sample<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> Ratings<br />

(www.topmba.com)<br />

Industry distribution of employers<br />

The chart below shows the spread of employers<br />

across 20 industries. This reflects the global<br />

spread of industries that hire MBAs. The<br />

consulting and professional services sector<br />

are the largest respondents in 2011, reflecting<br />

the surge in MBA demand within this sector.<br />

Banking and financial services are the second<br />

largest responding sector, followed by HR/<br />

recruitment services. Manufacturing, IT, FMCG<br />

and energy are also well represented in the<br />

sample.<br />

Geographical distribution of employers<br />

Responses were received from employers across<br />

the globe:<br />

Africa and the Middle East 5%<br />

Asia-Pacific 23%<br />

Australia and New Zealand 2%<br />

Eastern Europe 4%<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

Aerospace/<br />

defence<br />

Construction/<br />

property<br />

Consulting/<br />

professional<br />

services<br />

Electronics/<br />

high technology<br />

Energy<br />

FMCG<br />

Finance<br />

IT<br />

Law<br />

Manufacturing/<br />

engineering<br />

Media/<br />

entertainment/<br />

arts<br />

Metal/mining<br />

Pharmaceuticals/<br />

biotechnology/<br />

health care<br />

Public sector/<br />

goverment/<br />

non-profit<br />

Recruitment/HR<br />

Retail<br />

Telecoms<br />

Transport/<br />

distribution<br />

Travel/leisure/<br />

hospitality<br />

Utilities<br />

Other<br />

Latin America 44%*<br />

North America 5%<br />

Western Europe 16%<br />

*This year, the employer survey carried out as part of the<br />

<strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> data collection<br />

process brought in a large response from Latin America.<br />

Although we are delighted by this recognition, the sheer<br />

size of this input threatened to distort the findings, and<br />

so the influence of Latin America as a whole has been<br />

limited by setting its influence to match that of Western<br />

Europe, an area of comparable population. To do this,<br />

response from Argentina, Chile, Colombia, Mexico, Peru<br />

and Venezuela was scaled back evenly, as these were<br />

the most overrepresented nations, until the whole Latin<br />

American response matched that from Western Europe.<br />

In addition, a later weighting matches the overall<br />

response from the Americas with that from Asia Pacific<br />

and from Europe, the Middle East and Africa.


5. North America<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

13


14<br />

North America<br />

Despite the ongoing economic troubles over<br />

the past few years, business schools in the USA<br />

and Canada remain highly relevant to global<br />

MBA employers and a must-have for domestic<br />

employers.<br />

As the historical home of business schools, and<br />

MBA education, North America has always<br />

been an attractive prospect for employers to<br />

recruit MBAs from, with The Wharton School<br />

established in 1881 as the first ever collegiate<br />

business school, and Harvard <strong>Business</strong> School in<br />

the USA, which introduced the first MBA over a<br />

century ago.<br />

In fact, for more than half of that 100-year period,<br />

the MBA program was largely confined to the<br />

USA, allowing long-standing US-based business<br />

schools to develop a significant reputation<br />

among international employers. This is evident<br />

through the dominance of US business schools<br />

in the North America regional rating.<br />

<strong>Business</strong> schools featuring in the top 10 by<br />

and large remain the same as last year, with<br />

the exception of UCLA Anderson School of<br />

Management, which has climbed into the top 10.<br />

Those featuring in the top 10 have received more<br />

than 95 in the employers’ index vote, a testament<br />

to the quality, and high level of competition<br />

among business schools in North America.<br />

Harvard <strong>Business</strong> School; Stanford University<br />

Graduate School of <strong>Business</strong>; The Kellogg<br />

School of Management and The Wharton<br />

School perform consistently well in producing<br />

employable MBA graduates, all of which appear<br />

in the top 10 year-on-year.<br />

Maryellen Lamb, director of MBA career<br />

management at The Wharton School says the<br />

business school is particularly appealing to<br />

employers because of its “ability to nurture<br />

thoughtful leaders, thoroughly trained in all<br />

the core business disciplines, leading to an<br />

analytical recruit who is ready to take on globally<br />

complex challenges. This adds to a strong group<br />

of lifelong learners who put knowledge into<br />

action.”<br />

Although average salary figures do not make up<br />

the <strong>QS</strong> rating, the North America table indicates<br />

a clear correlation between the highest average<br />

salaries and the business schools that appear in<br />

the top cluster. This is indicative of the salaries<br />

that employers are prepared to pay graduates<br />

from the business schools that they value the<br />

most for recruitment.<br />

The following six business schools featuring in<br />

the top cluster have shown huge improvements<br />

in employer reputation. Each school has<br />

improved consistently, and year-on-year has<br />

climbed further up the ratings. The schools in the<br />

top cluster showing the biggest improvement<br />

this year are Rotman School of Management at<br />

the University of Toronto, and Samuel Curtis<br />

Johnson Graduate School of Management at<br />

Cornell University, with both schools making<br />

a 13-place jump up the North American rating.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

Desautels Faculty of Management at McGill<br />

University;<br />

Queen’s School of <strong>Business</strong>;<br />

Rotman School of Management;<br />

Samuel Curtis Johnson Graduate School of<br />

Management;<br />

Sauder School of <strong>Business</strong>;<br />

Schulich School of <strong>Business</strong>.<br />

Eight business schools have been rated in the<br />

second cluster for the first time, signifying the<br />

constant improvement in the quality of MBA<br />

education in the region, as employers realize<br />

the employability of graduates from schools that<br />

were previously under their recruitment radar.<br />

In particular, the six institutions below have<br />

made year-on-year improvements.<br />

Alberta School of <strong>Business</strong>;<br />

Claremont University: Drucker;<br />

Florida <strong>International</strong> University’s Graduate<br />

School of <strong>Business</strong>;<br />

George Washington University;<br />

Ohio State University: Fisher;<br />

Tepper School of <strong>Business</strong>.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s


North America<br />

There are 10 new schools entering the <strong>QS</strong><br />

<strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> from North<br />

America. The majority of them have entered the<br />

ratings in the third cluster – jumping ahead of<br />

some schools that have featured in the North<br />

American rating since <strong>200</strong>9. These include:<br />

Zicklin School of <strong>Business</strong>;<br />

University of Saskatchewan;<br />

John Molson School of <strong>Business</strong>;<br />

Loyola University Chicago;<br />

The University of Texas at Dallas;<br />

Smeal College of <strong>Business</strong>;<br />

The Johns Hopkins Carey <strong>Business</strong> School;<br />

Leeds School of <strong>Business</strong>;<br />

Daniels College of <strong>Business</strong>;<br />

Masagung Graduate School of Management.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

William Kooser, associate dean for students<br />

at the Johns Hopkins Carey <strong>Business</strong> School,<br />

which has entered the rating this year, says:<br />

“We think employers are attracted to our<br />

students for the breadth of experiences and the<br />

unique skill set that our program delivers.”<br />

He adds: “Our students develop strong<br />

skills in ethical leadership, entrepreneurship,<br />

innovation, technology transfer, and a global<br />

mindset. They are well positioned to help lead<br />

“Employers are attracted to our students for<br />

the breadth of experiences and the unique<br />

skill set that our program delivers”<br />

organizations that recognize the importance of<br />

innovative approaches to business and have<br />

the skills to adapt to business needs around the<br />

globe.”<br />

15


16<br />

6. Europe<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)


Europe<br />

European business schools continue to be at the<br />

forefront of innovation in business education,<br />

ensuring they attract top international talent<br />

which in turn attracts global MBA employers.<br />

Despite the economic woes of the region, 2011<br />

has been a record year for employment statistics<br />

among European business schools, which are<br />

supplying MBA talent not just to local employers<br />

in the region, but also employers across Asia, the<br />

Americas and the Middle East.<br />

After a relatively slow adoption of MBA<br />

studies in Europe for the first 40 years after the<br />

Second World War, the last two decades has<br />

seen an explosion in the number of schools.<br />

The continent now hosts MBA programs in<br />

practically all of its countries.<br />

Today, Europe has a large cluster of top-rated<br />

business schools, challenging the hegemony<br />

of US schools. The schools that take up the top<br />

10 places have a longstanding and established<br />

reputation. These business schools consistently<br />

remain in the top 10 places, signifying a longstanding<br />

respect among employers of each<br />

institution’s MBA graduates.<br />

The UK remains the leader in Europe, in terms<br />

of employer opinion of MBA graduates. The<br />

majority of business schools featured in the<br />

European business school rating are from<br />

the UK – a total of 22 out of 67 schools (33%).<br />

Furthermore, the UK is the country with the<br />

largest amount of business schools in the top<br />

cluster, with a total of four schools:<br />

London <strong>Business</strong> School;<br />

Saïd <strong>Business</strong> School;<br />

Judge <strong>Business</strong> School;<br />

Imperial College <strong>Business</strong> School.<br />

s<br />

s<br />

s<br />

s<br />

Spain and France also have numerous business<br />

schools that are favored by employers to hire<br />

MBA graduates from. Spain has three business<br />

schools in the top cluster, while France has two:<br />

Spain:<br />

IESE <strong>Business</strong> School;<br />

IE <strong>Business</strong> School;<br />

ESADE <strong>Business</strong> School.<br />

France:<br />

INSEAD, France;<br />

HEC Paris.<br />

The hiring preferences of employers are reflective<br />

of the top three European destinations for MBA<br />

study among prospective students. According<br />

to the latest <strong>QS</strong> TopMBA.com Applicant Survey,<br />

46% of prospective students want to take their<br />

MBA in the UK, 24% in France and 21% in Spain.<br />

European business schools continue to be at the forefront of innovation in business<br />

education, ensuring they attract top international talent<br />

s<br />

s<br />

s<br />

s<br />

s<br />

While German business schools are relatively<br />

young compared to other institutions in Europe,<br />

schools in the country are growing increasingly<br />

popular among employers. Though the majority<br />

of the business schools in Germany are in the<br />

second and third clusters, seven schools from<br />

the country feature in the European rating.<br />

Furthermore, a sample of over 40 companies in<br />

Germany indicates a 27% rise in MBA demand<br />

in 2011.<br />

The German economy is usually the engine<br />

of MBA demand in Western Europe. Strong<br />

demand for German goods in Asia in particular<br />

has fuelled a demand for Asian MBAs to join<br />

German companies. Likewise, many service<br />

companies are desperate to recruit German<br />

MBAs to serve their successful German clients.<br />

17


18<br />

Europe<br />

Italy and Switzerland also feature prominently<br />

in the rating, with four business schools located<br />

in Italy and three in Switzerland.<br />

Europe has a number of up and coming business<br />

schools that continue to develop their business<br />

management profiles, and are gradually moving<br />

up the ratings. These include the three new<br />

business schools in the top cluster, all showing<br />

year-on-year improvements:<br />

s<br />

s<br />

s<br />

Copenhagen <strong>Business</strong> School;<br />

Imperial College <strong>Business</strong> School;<br />

European <strong>Business</strong> School in Germany.<br />

Although there are many business schools in<br />

Europe that have earned consistent employer<br />

index scores throughout the history of the<br />

<strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong>, eight<br />

European schools entering the rating this year<br />

Europe has a number of up and coming<br />

business schools that continue to develop<br />

their business management profiles<br />

signify that the region is still evolving in terms<br />

of MBA employer opinion. New entrants to the<br />

European ratings include:<br />

ESIC <strong>Business</strong> and Marketing School;<br />

Sorbonne Graduate <strong>Business</strong> School, IAE de<br />

Paris;<br />

Goethe <strong>Business</strong> School;<br />

IAE AIX, Graduate School of Management -<br />

Université Paul Cezanne;<br />

University of Cyprus;<br />

EAE <strong>Business</strong> School;<br />

Middlesex University <strong>Business</strong> School;<br />

School of Management, University of Surrey.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s


7. Asia-Pacific<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> Ratings (www.topmba.com)<br />

19


20<br />

Asia-Pacific<br />

Year-on-year, business schools in the Asia-Pacific<br />

region are strengthening their role in the global<br />

MBA education scene. For example, the number<br />

of Asian and Australian schools featured in<br />

the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> has<br />

increased from 10 in <strong>200</strong>4 to 36 this year – a<br />

massive rise in just seven years. This rapid rise<br />

in the number of internationally recognized<br />

schools is indicative of the improving standards<br />

of Asian institutions, as employers increasingly<br />

recognize the quality of MBA graduates from<br />

certain schools the region.<br />

<strong>Business</strong> schools in the Asia-Pacific region are<br />

looking at the standard of top US and European<br />

institutions as indicators of how they compare<br />

and where they could improve. Furthermore,<br />

the economic growth in some Asian countries,<br />

particularly in China and India has heightened<br />

the demand for more accredited business<br />

schools in the region in order to train the next<br />

generation of successful business leaders.<br />

The <strong>QS</strong> TopMBA.com Jobs and Salary Trends<br />

<strong>Report</strong> highlights that across Asia, and especially<br />

so in India and China, employers are embracing<br />

MBAs – a trend that is also evident in the <strong>QS</strong><br />

<strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> through<br />

the rapid rise in the number of schools from the<br />

region that are represented.<br />

China and Hong Kong are joining other major<br />

players in the region’s management education<br />

sector, namely Australia, Singapore and India.<br />

Since <strong>200</strong>9, eight business schools in China and<br />

Hong Kong have featured in the rating:<br />

China Europe <strong>International</strong> <strong>Business</strong> School<br />

(CEIBS);<br />

s<br />

Peking University, Beijing <strong>International</strong> MBA<br />

Programs (BiMBA);<br />

The HKUST <strong>Business</strong> School;<br />

Faculty of <strong>Business</strong> and Economics at the<br />

University of Hong Kong;<br />

School of Economics and Management at<br />

Tsinghua University;<br />

The Chinese University of Hong Kong;<br />

Guanghua School of Management, Peking<br />

University;<br />

School of Management at Fudan University.<br />

HKUST <strong>Business</strong> School and CEIBS have<br />

featured prominently in the business school<br />

ratings since <strong>200</strong>9. Sherring Ng, head of MBA<br />

programs marketing and admissions at HKUST<br />

<strong>Business</strong> School, says that a combination of its<br />

MBA curriculum and cultural diversity in its<br />

classrooms, are what makes HKUST particularly<br />

appealing to employers. “The HKUST full-time<br />

MBA programs are of over 25 nationalities and<br />

diverse industry background. The environment<br />

<strong>Business</strong> schools in the Asia-Pacific region are strengthening their role<br />

in the global MBA education scene<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

here enables students to absorb a wide range<br />

of cultures which help them to think out of<br />

the box throughout their post-MBA career<br />

development.”<br />

“With intensive training through global<br />

business plan competitions, overseas exchange,<br />

internship and many other workshops,<br />

graduates are well trained to think from a wider<br />

perspective,” she says.<br />

Lydia Price, associate dean at CEIBS says that its<br />

diverse MBA program attracts employers from<br />

all industries, “especially given our focus on<br />

both China and international business.”


Asia-Pacific<br />

“Investment firms value our graduates’ ability<br />

to assess a firm’s prospects for financial gain,<br />

consultants value their ability to advise clients on<br />

their future business, consumer and industrial<br />

product firms value their ability to design<br />

product lines and services for the future, and IT<br />

firms value the ability to design total solutions<br />

for client needs in the future,” she adds.<br />

<strong>Business</strong> schools in India continue to climb up the<br />

ratings. The number of Indian schools featuring<br />

in the Asia-Pacific ratings has increased, with<br />

the addition of the Indian Institute of Foreign<br />

Trade. In an economy that is rapidly growing in<br />

global importance, the rise in employer opinion<br />

of MBA graduates is extremely promising in<br />

ensuring the development of future business<br />

leaders to sustain the fast-paced economic<br />

growth.<br />

Australian business schools continue to impress<br />

MBA employers. In the Asia-Pacific region,<br />

11 out of 36 business schools are located in<br />

Australia. Professor John Seybolt, former dean<br />

of Melbourne <strong>Business</strong> School, says that this is in<br />

part due to the country’s long European heritage<br />

and location, as Australia “is uniquely placed.”<br />

“It is a bridge between both cultures, perfect for<br />

[English speaking] students seeking exposure to<br />

the emerging Asia-Pacific markets in the comfort<br />

of an international English speaking country,”<br />

he explains.<br />

Given the size of their economies, Japan and<br />

South Korea are under-represented by business<br />

schools featuring in the ratings, but this<br />

may change as both economies are investing<br />

significant resources in their business education<br />

sectors. At present only three business schools<br />

from the two countries feature in the Asia-<br />

Pacific rating:<br />

<strong>International</strong> University of Japan’s Graduate<br />

School of <strong>International</strong> Management;<br />

Waseda <strong>Business</strong> School;<br />

Seoul National University’s Graduate School<br />

of <strong>Business</strong>.<br />

By contrast, Singapore, with a smaller landmass<br />

and local population size is home to four business<br />

schools in the Asia-Pacific rating, showing the<br />

international importance of the city-state, both<br />

geographically and economically:<br />

INSEAD – Singapore;<br />

NUS <strong>Business</strong> School;<br />

Nanyang <strong>Business</strong> School;<br />

Lee Kong Chian School of <strong>Business</strong>.<br />

INSEAD - Singapore, Melbourne <strong>Business</strong><br />

School and NUS <strong>Business</strong> School remain leaders<br />

in terms of employer reputation in the region.<br />

Investment firms value our graduates’ ability to assess a firm’s prospects for financial<br />

gain, consultants value their ability to advise clients<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

However, the Indian Institute of Management,<br />

Ahmedabad leads the rise in reputation of<br />

Indian business schools, joining the top cluster<br />

of schools in second place.<br />

The four business schools in the top cluster have<br />

scored very well in employer opinion, with<br />

employer index scores ranging from 86.3 to<br />

96.5. This is far above the top cluster minimum<br />

threshold of 65, suggestive of the growing<br />

standards of business education in the Asiapacific<br />

region. However, despite their growing<br />

prominence, most Asia-based business schools<br />

have yet to appeal to employers in other regions<br />

of the world.<br />

21


22<br />

Asia-Pacific<br />

The top 10 schools in the Asia-Pacific region are<br />

made up of institutions in the top and second<br />

clusters. Indian business schools have improved<br />

in international employer opinion considerably<br />

this year, moving up in both the Asia-Pacific<br />

rating, and almost all of the specialization<br />

ratings later on in this report.<br />

The schools vying for the top 10 positions<br />

remain largely the same, with the exception<br />

of Indian Institute of Management Calcutta,<br />

which has jumped to the top 10 from 12th place<br />

last year. The Indian Institute of Management,<br />

Bangalore has shown gradual improvements in<br />

the ratings, climbing from sixth (<strong>200</strong>9), to fifth<br />

(2010) and this year missed the top cluster by<br />

just 2.7 points.<br />

Overall, INSEAD - Singapore is the preferred<br />

choice among employers, retaining its position<br />

in the top spot of the Asia-Pacific rating for three<br />

years running. The schools that have shown the<br />

biggest improvements in employer opinion this<br />

year are two Indian schools, both jumping four<br />

places up the ratings:<br />

Indian Institute of Management, Ahmedabad;<br />

Indian Institute of Management Calcutta.<br />

s<br />

s<br />

Indian business schools have improved<br />

in international employer opinion<br />

considerably this year<br />

A number of business schools have gradually<br />

climbed up the ratings over the past few<br />

years, representing the rapid growth in global<br />

prominence of business education in the region,<br />

though it still has someway to go in order to be<br />

compared with that in North America or Europe.<br />

Both Peking University’s Beijing <strong>International</strong><br />

MBA Programs and Sydney <strong>Business</strong> School<br />

have shown large improvements in employer<br />

reputation.


8. Latin America<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

The majority of employers in Latin America are<br />

still looking to hire MBAs educated at the best<br />

international business schools in North America<br />

and Europe, while local demand that does exist<br />

in Latin America tends to be on a country basis<br />

with few employers recruiting across borders<br />

within the region. Few business schools in Latin<br />

America have been successful in developing<br />

an international reputation, and as a result are<br />

unable to attract as many international students<br />

as business schools in Asia, a region which only<br />

a decade ago could more easily be compared<br />

in terms of the quality and availability of MBA<br />

education.<br />

Within the Latin American region, 10 schools<br />

have qualified for the <strong>Global</strong> <strong>200</strong> <strong>Business</strong><br />

<strong>Schools</strong> <strong>Report</strong> this year.<br />

The Latin American ratings have shown big<br />

changes compared to last year, representing<br />

the fact that the business education market<br />

in the region is still developing in terms of<br />

international employer reputation. A Chilean<br />

business school, Pontificia Universidad Católica<br />

de Chile has climbed to the top spot, which<br />

further points towards the region’s developing<br />

economies.<br />

Chile’s strong commitment to free trade has<br />

stimulated large foreign investment. Its marketoriented<br />

policies have created significant<br />

opportunities for foreign investors to participate<br />

in the country’s steady economic growth.<br />

Employers are attracted to the future prospects<br />

The majority of employers in Latin America are still looking to hire MBAs educated at the<br />

best international business schools in North America and Europe<br />

this provides, and therefore need local business<br />

leaders to ensure those prospects become reality.<br />

This explains why both Chilean business schools<br />

featured last year have jumped significantly<br />

up the Latin American ratings. Pontificia<br />

Universidad Católica de Chile has made a<br />

seven-place climb from eighth place to first and<br />

Universidad de Chile making a six-place jump<br />

to fourth position.<br />

Over the last decade, Brazil’s economy overtook<br />

Mexico’s, which at the beginning of <strong>200</strong>0 was<br />

the largest economy in Latin America. It is<br />

possible that Brazil will lead in oil production,<br />

which Mexico has allowed to shrink. There<br />

23


24<br />

Latin America<br />

are also opportunities for MBAs to lead in the<br />

setting up for the 2014 FIFA World Cup and 2016<br />

Olympics in Brazil. Finally, the country boasts<br />

the 10th richest city in the world, and a global<br />

financial hub for Latin America in Sao Paulo.<br />

This explains why the two Brazilian business<br />

schools, both based in Sao Paulo have climbed<br />

up the ratings.<br />

<strong>Business</strong> School Sao Paulo (BSP) has shown<br />

consistent improvements, moving up the Latin<br />

American ratings year-on-year. It climbed from<br />

fifth place in <strong>200</strong>9, third in 2010, to second place<br />

in 2011. Armando Dal Colletto, dean of BSP<br />

says Brazil’s growing economy is one of many<br />

attractions for employers: “BSP’s MBA program<br />

includes thorough analysis of the current<br />

business environment and its trends. This is<br />

important as the world is turning its eyes to the<br />

emergent countries [in Latin America] such as<br />

Brazil because of its strong and solid economic<br />

growth, and cultural similarities and affinities to<br />

Europe and North America.”<br />

The three Mexican business schools featuring in<br />

the ratings: EGADE-Tecnologico de Monterrey<br />

at Campus Monterrey; Instituto Tecnologico<br />

Autonomo de Mexico (ITAM); and IPADE<br />

<strong>Business</strong> School, Universidad Panamericana,<br />

have all dropped. This may be due to employers<br />

favoring business schools in Chile and Brazil<br />

due to how they are performing economically.<br />

However, Mexico’s economy has good potential.<br />

The latest <strong>QS</strong> Jobs and Salary Trends <strong>Report</strong><br />

reveals a 100% increase in employer demand for<br />

MBAs within Mexico. Furthermore, the North<br />

American Free-Trade Agreement (NAFTA)<br />

means Mexican businesses have extremely<br />

favorable trade agreements with those in North<br />

America. Last year the country completed<br />

US$400 billion worth of transactions with the<br />

United States, third behind Canada and China.<br />

This could see Mexican business schools moving<br />

up the ratings in the near future as multinational<br />

corporations based outside Mexico look to<br />

recruit local talent in order to improve corporate<br />

ties within the country.<br />

INCAE <strong>Business</strong> School remains the only Costa<br />

Rican business school featuring in the <strong>QS</strong> <strong>Global</strong><br />

<strong>200</strong> <strong>Business</strong> School <strong>Report</strong>, which is in itself no<br />

“The world is turning its eyes to the emergent countries [in Latin America]<br />

such as Brazil because of its strong and solid economic growth”<br />

small feat considering the size of the country’s<br />

economy and population. It has featured in the<br />

Latin American ratings since <strong>200</strong>9. Dr Arturo<br />

Condo, INCAE president says its prominence<br />

in the ratings is due to the program’s focus on<br />

emergent economies: “INCAE definitely excels<br />

in preparing our graduates to be agents of<br />

change in Latin America.”<br />

He continues: “Beyond the traditional MBA<br />

courses, the INCAE program addresses and<br />

prepares graduates for the unique challenges<br />

in Latin American and many other developing<br />

countries, including a long history of corruption<br />

both in the public sector and private sector,<br />

extreme levels of poverty, and little consideration<br />

for the environmental impact of decisions.”


9. Middle East and Africa<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

The business schools in this year’s rating for<br />

the Africa and Middle East region have all<br />

featured in previous years. Three out of five of<br />

the schools are located in South Africa. There are<br />

many more business schools across the African<br />

continent, but management education is still in<br />

its infancy and it will take many years before<br />

these schools achieve real prominence on the<br />

international stage.<br />

As a result of the ongoing civil unrest in the<br />

Middle East and North Africa region, and the<br />

political developments that are following mass<br />

protests as part of the Arab Spring uprising,<br />

it could well be the case that in the future<br />

institutions in the region may become more<br />

prominent to international employers, as the<br />

ease of doing business within some countries<br />

improves. However, if this does happen, it is<br />

not likely to be in the immediate future, as the<br />

countries experiencing these protests will first<br />

be focused on overcoming the primary causes of<br />

the uprisings themselves.<br />

In general terms, business education in the<br />

Middle East is in the very early stages of<br />

development. However, with the region looking<br />

to diversify its economy away from a strong<br />

reliance on the extraction and trade of natural<br />

resources, countries such as the United Arab<br />

Emirates and Qatar are investing in attracting<br />

management education providers from abroad<br />

to help train local business leaders and futureproof<br />

their economies. The Dubai Knowledge<br />

Village, established in <strong>200</strong>3 has attracted<br />

many international business schools to set up<br />

campuses within the purpose built education<br />

facility. Initiatives such as these are relatively<br />

new ventures in the region and provide parttime,<br />

online or rotational programs. London<br />

<strong>Business</strong> School for example has a campus in<br />

Abu Dhabi. However, none of these institutions<br />

appear in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong><br />

<strong>Report</strong> in their own right, as they do not<br />

produce dedicated full-time MBAs serving<br />

employers in the region, and so are not included<br />

in the research.<br />

Employers are turning to some of the long<br />

established university-based business schools<br />

in the region. The two schools vying for the<br />

top spots in this region are the long-established<br />

University of Cape Town’s Graduate School<br />

of <strong>Business</strong>, founded in the 1960s and the<br />

American University Cairo, established in<br />

1919. Other South African business schools<br />

feature prominently year-on-year, including<br />

Stellenbosch and Witwatersrand.<br />

The University of Stellenbosch <strong>Business</strong> School<br />

and Suliman S Olayan School of <strong>Business</strong> at the<br />

American University of Beirut have both shown<br />

year-on-year improvements. After holding fifth<br />

place for two years, the University of Stellenbosch<br />

<strong>Business</strong> School has climbed to third place. Suliman<br />

S Olayan School of <strong>Business</strong>, which entered the<br />

African and Middle Eastern ratings in 2010 in<br />

seventh place, has moved to fourth this year.<br />

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26<br />

8. Corporate social responsibility<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)


Corporate social responsibility<br />

The role of corporate social responsibility (CSR)<br />

on MBA programs is rapidly evolving as a result<br />

of the economic difficulties over the past five<br />

years.<br />

After the global recession at the end of the<br />

last decade, some, rightly or wrongly, placed<br />

blame at the doors of business schools for<br />

failing to ingrain the importance of CSR values<br />

on their alumni. Further, protests around the<br />

world against the perceived greed fostered in<br />

some industries shows a global population<br />

becoming increasingly frustrated with a lack of<br />

consideration of CSR in business.<br />

Will McDonald, European director of academic<br />

programs at Thunderbird School of Management<br />

explains the value of CSR to business: “The game<br />

has changed—it is essential that all managers<br />

consider full stakeholder value over the longterm.<br />

Customers seek it, communities in which<br />

we operate insist on it, and your clients, business<br />

partners and even employees will hold you<br />

accountable for making a positive contribution.”<br />

With such importance being placed on how<br />

companies and organizations add to the<br />

world they exist in, there is a strong argument<br />

for general MBA rankings to incorporate<br />

measurements of CSR into their methodology.<br />

“Our school’s president, Dr Angel Cabrera,<br />

often challenges the industry, saying that even<br />

the business school rankings will eventually also<br />

have to change, to put more weight in measuring<br />

the global impact of a school or program, and<br />

not focus as heavily on individuals’ post-MBA<br />

salaries… the scale of the world’s challenges<br />

are simply too big for focusing so heavily on<br />

individual success.”<br />

Here, the <strong>Global</strong> <strong>200</strong> <strong>Business</strong> School <strong>Report</strong>’s<br />

CSR rating shows a dominance of schools in<br />

North America and Europe excelling, through<br />

the eyes of MBA employers, in producing<br />

graduates that take into account aspects of<br />

CSR in their day-to-day business operations.<br />

However, business schools in the Asia Pacific<br />

region are showing significant promise, with<br />

eight appearing in this year’s rating. Four of<br />

these are located in India, ensuring that future<br />

business leaders in the country’s rapidly<br />

evolving economy are encouraged to consider<br />

the impact of the decisions they make on the<br />

wider community, at home and further afield.<br />

<strong>Business</strong> schools that have impressed employers<br />

Even the business school rankings will eventually also have to change, to put more<br />

weight in measuring the global impact of a school or program<br />

in the teaching of CSR values to their MBAs, and<br />

therefore made considerable improvements in<br />

this year’s rating include:<br />

Michael G Foster School of <strong>Business</strong>;<br />

Thunderbird School of <strong>Global</strong> Management;<br />

Johns Hopkins Carey <strong>Business</strong> School;<br />

Indian School of <strong>Business</strong>;<br />

Indian Institute of Management;<br />

Lancaster University Management School.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

Though CSR is fundamentally about the way<br />

that corporations address their responsibility to<br />

the communities that they are a part of, it is also<br />

the case that from a profitability stance, MBA<br />

graduates who are able to bring in elements of<br />

CSR into their business practices are valuable.<br />

27


28<br />

Corporate social responsibility<br />

Sherryl Kuhlman, managing director at The<br />

Wharton School’s program for social impact<br />

explains that, “Far from being a drain on the<br />

bottom line, corporate social responsibility can<br />

increase profitability by playing a vital role in<br />

both risk management and innovation. Wharton<br />

research, for instance, demonstrates that initial<br />

investment in developing good relationships<br />

with stakeholders can have a significant<br />

financial payoff by preventing protests, work<br />

stoppages, and employee turnover. And many<br />

corporations find that social impact issues<br />

such as supply chain analysis, partnerships<br />

with social enterprises, and ‘bottom of the<br />

pyramid’ approaches can serve as true drivers<br />

for innovation.”<br />

William Kooser, associate dean for students<br />

at the Johns Hopkins Carey <strong>Business</strong> School,<br />

which climbed an impressive 23 places in this<br />

year’s CSR rating agrees. He explains that<br />

“<strong>Business</strong> leaders are increasingly aware of the<br />

<strong>Business</strong> leaders are increasingly aware<br />

of the role that their organizations<br />

play in addressing many of the world’s<br />

major issues, such as health care, the<br />

environment, energy, and economic<br />

development<br />

role that their organizations play in addressing<br />

many of the world’s major issues, such as health<br />

care, the environment, energy, and economic<br />

development.<br />

“<strong>Business</strong> will ultimately drive success in these<br />

areas, and those leaders who understand these<br />

issues and can develop appropriate services and<br />

products to address them will not only create<br />

successful organizations, but will also help build<br />

a better world. Knowledge and awareness of<br />

CSR are critical to success.”


9. Entrepreneurship<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

29


30<br />

Entrepreneurship<br />

While seemingly paradoxical, MBA employers<br />

are increasingly placing an emphasis on the<br />

entrepreneurial talents of their new hires.<br />

Though traditionally an area where a business<br />

school graduate might aim to start up their<br />

own enterprise, employers value the talents of<br />

graduates who can, in tough economic times,<br />

develop fresh sources of revenue, while the<br />

graduates themselves find greater security in<br />

testing their entrepreneurial ideas with the<br />

financial backing of their employers.<br />

“Interestingly, large employers were once<br />

reluctant to hire MBAs with significant<br />

entrepreneurship coursework for fear that<br />

the new hire was only passing time before<br />

starting his or her own business,” explains<br />

Dr Brian S Anderson, assistant professor of<br />

entrepreneurship at the Richard Ivey School<br />

of <strong>Business</strong>. “As large firms come to recognize<br />

that pursuing innovation and entrepreneurialcentric<br />

strategies pays off in terms of better<br />

performance - something that research has<br />

shown repeatedly - those firms are seeing more<br />

value in MBAs that have knowledge of, and<br />

experience with entrepreneurship topics.”<br />

However, with a gloomy economic outlook for<br />

much of the world, it’s not just businesses that<br />

are placing their faith in MBA entrepreneurs,<br />

as Séan Rickard, director of the full-time MBA<br />

program (<strong>200</strong>6-2011) at Cranfield School of<br />

Management explains:<br />

“Governments have come to the view – rightly<br />

or wrongly – that their influence on their<br />

economies is greatly weakened in a globalizing<br />

world and now put great emphasis on business<br />

start ups and entrepreneurship to generate<br />

jobs and growth. Not surprising therefore that<br />

entrepreneurship has a higher profile in business<br />

schools.”<br />

This is one of the reasons that the <strong>QS</strong> <strong>Global</strong> <strong>200</strong><br />

<strong>Business</strong> School <strong>Report</strong>’s entrepreneurship rating<br />

displays such a diverse group of parent nations,<br />

with 14 different countries providing homes to<br />

the top 50 business schools.<br />

This year’s rating sees Indian business schools<br />

performing particularly well, with the two<br />

Indian Institutes of Management in Ahmedabad<br />

and Bangalore, as well as the Indian School of<br />

<strong>Business</strong> and S P Jain Institute of Management<br />

and Research improving their reputation among<br />

MBA employers considerably. This tallies with<br />

research by Ernst and Young, Entrepreneurs<br />

speak out: a call for action to G20 governments<br />

While seemingly paradoxical, MBA employers are increasingly placing an<br />

emphasis on the entrepreneurial talents of their new hires<br />

which found India to possess the greatest<br />

entrepreneurial culture among the G20 nations.<br />

However, as in many of the other specialization<br />

ratings, business schools based in Europe and<br />

North America dominate. It is in these regions<br />

that MBA programs constantly evolve in<br />

order to suit the growing needs of society for<br />

entrepreneurial talent.<br />

<strong>Business</strong> schools showing notable improvements in<br />

this year’s entrepreneurship rating include:<br />

Indian Institute of Management, Ahmedabad;<br />

Thunderbird School of <strong>Global</strong> Management;<br />

Indian Institute of Management, Bangalore;<br />

IMD;<br />

Michael G Foster School of <strong>Business</strong>;<br />

Indian School of <strong>Business</strong>;<br />

Joseph L Rotman School of Management;<br />

S P Jain Institute of Management and Research;<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s


s<br />

Entrepreneurship<br />

Boston University School of Management.<br />

Dr Anderson continues: “I think the<br />

entrepreneurship field in scholarly circles is<br />

becoming far more accepted as a legitimate<br />

course of study, faculty hiring in the area is<br />

up, and more resources are being spent in<br />

developing very high-quality, experiential<br />

learning programs for students.”<br />

One business school that has consistently rated<br />

highly for entrepreneurship is The Wharton<br />

School at the University of Pennsylvania.<br />

“Wharton was the first business school<br />

to develop a fully integrated curriculum<br />

of entrepreneurial studies and continues<br />

to emphasize entrepreneurship across all<br />

disciplines,” says Emily Gohn Cieri, managing<br />

director of The Wharton School’s entrepreneurial<br />

programs. “We teach students how to acquire an<br />

The entrepreneurship field in scholarly<br />

circles is becoming far more accepted as a<br />

legitimate course of study,<br />

entrepreneurial mindset so they learn to adapt<br />

rapidly, throughout the venturing process, to<br />

new situations while avoiding fatal flaws and<br />

traps.”<br />

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32<br />

10. Finance<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)


Finance<br />

A long-standing favorite specialist area for<br />

many MBA graduates, finance has taken a hit in<br />

popularity amongst applicants in recent years,<br />

following the global financial crisis. However, as<br />

business schools continue to react to the ongoing<br />

financial events around the world, altering their<br />

programs to incorporate the lessons that need<br />

to be learnt from such economically gamechanging<br />

events, employers continue to value<br />

the modern approach of MBA graduates to<br />

finance.<br />

At The Wharton School at the University<br />

of Pennsylvania, which over the years has<br />

consistently been rated top in fostering a<br />

financial prowess among their MBAs, evolution<br />

of their curricula is important.<br />

“Change has occurred both organically, as in the<br />

MBA curriculum review we just completed, and<br />

reactively, in response to the financial crisis,”<br />

explains Michael Gibbons, deputy dean at<br />

Wharton. “These changes extend to all academicrelated<br />

work such as courses, research, seminars,<br />

and conferences. In the classroom, Wharton<br />

continues to offer an innovative curriculum<br />

that reflects its expertise in finance. Students are<br />

provided with knowledge that is in-depth but<br />

broad enough to be responsive to the vagaries<br />

of the market. In the post-crisis financial system,<br />

it is apparent that business leaders need to<br />

understand government better given increased<br />

regulation in the financial sector.”<br />

However, it’s not purely the financial services<br />

sector that employ MBA graduates and alumni<br />

who are well-versed in all that is finance.<br />

Organizations outside of the sector have always<br />

required leaders with an in-depth financial<br />

know-how, but as the global economy evolves<br />

this need is growing more than ever.<br />

“Financial companies offer unique challenges to<br />

their leaders and senior managers, particularly<br />

on subjects as varied as leadership, trust issues<br />

and regulatory framework changes,” explains<br />

Professor Steve Thomas, executive MBA<br />

course director and professor of finance at<br />

Cass <strong>Business</strong> School, City University London.<br />

“Recent global developments offer unusual and<br />

substantial challenges to managers in this sector.<br />

Anyone planning to run a business with these<br />

additional issues present needs to ensure they<br />

are knowledgeable and comfortable with a very<br />

wide range of management and professional<br />

skills.”<br />

“Change has occurred both organically, as in the MBA curriculum review we just<br />

completed, and reactively, in response to the financial crisis”<br />

When looking into specialist areas taught on<br />

MBA programs, it should always be made clear<br />

that the MBA qualification has traditionally been<br />

seen as a general management degree, and only<br />

recently have specialist programs dedicated<br />

to the finance profession developed. As most<br />

business schools offer numerous finance<br />

focussed options, prospective students need<br />

to look carefully when trying to differentiate<br />

between programs. One effective way is<br />

through assessing the strength of the school’s<br />

career service links within the financial industry<br />

around the world. The Stern School at New York<br />

University, for example, regularly attract Wall<br />

Street recruiters to campus.<br />

Cass <strong>Business</strong> School in London has very strong<br />

links with financial services MBA employers in<br />

the City of London, and consequently appears<br />

strongly in the finance specialization rating. In<br />

33


34<br />

s<br />

Finance<br />

the same way, the European <strong>Business</strong> School<br />

(EBS), based just outside the German financial<br />

capital of Frankfurt, returned the highest<br />

number of votes of schools in the country. In<br />

Asia, the National University of Singapore<br />

<strong>Business</strong> School (NUS) returned highest.<br />

Other business schools that have shown big<br />

improvements in how employers value their<br />

MBA graduates’ financial abilities include:<br />

IE <strong>Business</strong> School;<br />

Indian Institute of Management, Bangalore;<br />

IMD;<br />

Indian School of <strong>Business</strong>;<br />

S P Jain Institute of Management and<br />

Research;<br />

Lancaster University Management School;<br />

S C Johnson Graduate School of Management;<br />

Cox School of <strong>Business</strong>;<br />

Nanyang <strong>Business</strong> School.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

Despite many MBA programs reporting an<br />

increase in diversity of working backgrounds<br />

in their class, the financial services industry still<br />

provides the largest amount of candidates to<br />

pursue the qualification across the world. Many<br />

students are looking to further their place in the<br />

industry and have specific goals, so look to an<br />

MBA to help them achieve career progression.<br />

For this reason, many schools offer a large<br />

range of finance-specific courses, both as part of<br />

their core curriculum and as optional electives.<br />

The University of Chicago’s Booth School of<br />

<strong>Business</strong> is well known for its quantitative and<br />

analytical finance focus, and traditionally places<br />

around 75% of their graduates in finance and<br />

consulting jobs. The opening of their executive<br />

MBA campuses in the financial centres of<br />

London and Singapore has also helped increase<br />

their perception among global financial services<br />

employers.<br />

MBA candidates may also be looking to move<br />

into the financial sector from other industries.<br />

With jobs in the sector in great demand, schools<br />

The financial services industry still provides<br />

the largest amount of candidates to pursue<br />

the qualification across the world<br />

that have established internship links with such<br />

finance firms can particularly help candidates<br />

looking to switch industries. The Wharton<br />

School for example, traditionally places many of<br />

its students in Wall Street firms for internships<br />

at the end of their first year.


11. Information management<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

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36<br />

Information management<br />

The fast-growing global importance of<br />

information management to the business world<br />

has created an increase in the demand for MBA<br />

graduates with technical skills over the past<br />

decade. Of particular note is the fast-paced<br />

growth in technology, specifically new platforms<br />

such as social networking formed on the back of<br />

the rapid integration of the online domain into<br />

everyday life.<br />

This shift has also seen growth in the number<br />

of prospective MBA candidates with IT and<br />

engineering backgrounds who look to build on<br />

their technical skills, instead of looking to switch<br />

to the traditionally popular MBA industries such<br />

as finance, general management or consulting.<br />

Importance has now been placed on combining<br />

world class management skills with already<br />

established technical expertise.<br />

<strong>Business</strong> schools excelling in the field have<br />

looked to reflect this demand from students and<br />

MBA employers within their MBA curricula,<br />

with growth in the number of MBA programs<br />

specifically designed for technical students.<br />

Specializations like information and technology<br />

management, for example, systems integration,<br />

back office, and knowledge management<br />

are an attraction for engineers, keen to make<br />

the transition from a technical specialist to a<br />

technical manager.<br />

Although the traditional view of the MBA<br />

curriculum focuses on general management,<br />

many large and specialist business schools offer<br />

electives for MBAs to specialize in information<br />

and technology management.<br />

When comparing MBA programs, prospective<br />

students should consider the percentage of<br />

the current class who have similar technical<br />

backgrounds, and more importantly the<br />

percentage of recent graduates who have<br />

graduated to roles similar to that which they<br />

seek themselves. If it is a technical management<br />

role that is being sought, then graduating class<br />

data will reflect how competent a school is at<br />

providing this opportunity. The main employers<br />

who recruit at a school, and the specific roles for<br />

which they recruit, will also give an indication of<br />

the school’s ability to attract technically-focused<br />

recruiters.<br />

MIT, Harvard and Wharton all appear strongly<br />

at the head of the information management<br />

rating. MIT has long been seen as a leader in<br />

this field, combining world-class technical<br />

research with international management and<br />

strategy expertise. The Wharton MBA offers an<br />

operations and information management major,<br />

allowing students experienced in their industry<br />

to focus the efforts of their study to enhance<br />

technical-based management skills.<br />

Stanford’s Graduate School of <strong>Business</strong> also<br />

features among the top performers in the<br />

information management rating, with good<br />

The fast-growing global importance of information management to the business world<br />

has created an increase in the demand for MBA graduates with technical skills<br />

links to many of the world’s top technology<br />

companies based in and around the surrounding<br />

area of San Francisco Bay. Other schools from<br />

North America who appear strongly include the<br />

Tepper School at Carnegie Mellon University,<br />

and the Georgetown McDonough School of<br />

<strong>Business</strong>, who offer multiple operations and<br />

information management elective courses.<br />

In Europe, INSEAD, London <strong>Business</strong> School,<br />

IMD, and IE <strong>Business</strong> School appear as the top


Information management<br />

<strong>Business</strong> schools that have made<br />

considerable gains in employer reputation<br />

for their teaching of<br />

information management<br />

rated schools through the eyes of employers.<br />

INSEAD boasts world-class faculty in the<br />

field of information management, found at<br />

the technology and operations management<br />

area within the school. IE and HEC similarly<br />

both have world-class faculty in this topic,<br />

publishing numerous research papers covering<br />

developments in information management.<br />

<strong>Business</strong> schools that have made considerable<br />

gains in employer reputation for their teaching<br />

of information management to MBA students<br />

include:<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

IESE <strong>Business</strong> School;<br />

ESADE <strong>Business</strong> School;<br />

Thunderbird School of <strong>Global</strong> Management;<br />

SDA Bocconi School of Management;<br />

Joseph L Rotman School of Management;<br />

Darden School of <strong>Business</strong>.<br />

There are more Asian-based schools featured<br />

in the information management report than<br />

are found in many other specializations. The<br />

Indian Institute of Management in Ahmedabad<br />

appears highest, followed by other technicallyrenowned<br />

schools such as Melbourne <strong>Business</strong><br />

School, the University of Technology, Sydney,<br />

and the University of Hong Kong. NUS <strong>Business</strong><br />

School in Singapore and the Indian Institute of<br />

Management in Bangalore also feature strongly.<br />

37


38<br />

12. Innovation<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)


Innovation<br />

Innovation has long been both the cause and<br />

effect of developments in MBA curricula taught<br />

at the world’s highest respected business schools.<br />

With the stories of many famous business leaders<br />

beginning through innovations of new or current<br />

processes and technology, schools understand<br />

the importance of developing the ability to form<br />

innovative ideas and implementing them in the<br />

future business world.<br />

Many faculty members at top business schools<br />

see the practical application of their teaching<br />

and research, particularly by the graduates<br />

who pass through their MBA programs, as their<br />

contribution towards the development of longterm<br />

business methods and procedures. <strong>Schools</strong><br />

try to offer their support in creating a working<br />

environment to best foster management<br />

innovation in their students.<br />

Sherring Ng, head of marketing and admissions<br />

of HKUST <strong>Business</strong> School’s MBA programs<br />

stresses the importance of innovation in order<br />

to foster sustainable growth in business:<br />

“Innovation helps to improve productivity,<br />

add value to the existing services or product<br />

or improve efficiency of business operations.<br />

Employers value innovation because employees<br />

with this competence are likely to help the<br />

companies to create new products, processes,<br />

or services which will meet the ever-changing<br />

demand in the market and sustain business<br />

growth.”<br />

Ng continues, explaining what innovation<br />

at MBA level involves: “A specialization in<br />

innovation entails creativity, imagination and<br />

open-mindedness to new ideas. To facilitate<br />

a specialization in innovation, a business<br />

school has to be supportive to new ideas; it<br />

should build up a positive atmosphere that<br />

encourages people to express their own opinion<br />

and to take risk. Communication channels and<br />

occasions that allow collections of new ideas and<br />

experimentation will facilitate the innovation<br />

process.”<br />

When considering MBA programs that will help<br />

encourage innovation in management, there are<br />

a number of factors to consider.<br />

One important consideration is the opportunity<br />

to interact with class mates to help build<br />

perspectives and shape business ideas, and<br />

consequently importance is placed on diversity<br />

figures of the current MBA class. If the levels of<br />

interaction between MBA students is high, then<br />

it makes sense that the more diverse the class,<br />

then the more opportunity there is to learn from<br />

students with different working and cultural<br />

backgrounds or perspectives.<br />

Further linked to this concept of creating an<br />

innovative working environment is the way in<br />

which the class is taught. A program that offers<br />

Employers value innovation because employees with this competence are likely to help<br />

the companies to create new products, processes, or services<br />

a large amount of group work and opportunities<br />

to work on case studies may find that innovation<br />

is more prevalent. <strong>Schools</strong> that teach with a case<br />

study method, such as Harvard <strong>Business</strong> School,<br />

Richard Ivey School of <strong>Business</strong>, The Darden<br />

School of <strong>Business</strong> at the University of Virginia<br />

and IESE <strong>Business</strong> School, offer their MBA<br />

students the chance to interact with classmates<br />

on real business cases, often inviting business<br />

leaders to facilitate the learning process.<br />

39


40<br />

Innovation<br />

In North America, MIT: Sloan, Stanford GSB,<br />

Harvard, Wharton return the highest number<br />

of employer votes. They are closely followed<br />

by Kellogg School of Management and NYU<br />

Stern who also make the top ten. Each of these<br />

schools hold established records at developing<br />

high-profile innovative business leaders across<br />

industries, often achieved through differing<br />

methods.<br />

Harvard’s case study method allows students<br />

to assess and analyze real life scenarios, before<br />

engaging in class discussion. Proving the<br />

institution’s commitment to innovation, The<br />

In Asia, Indian business schools are again<br />

showing their rapid development<br />

Wharton School appointed Karl Ulrich to the<br />

new role of vice dean for innovation in 2010.<br />

His responsibilities include identifying and<br />

developing the most high-potential projects that<br />

emerge from the school.<br />

In Europe, INSEAD, London <strong>Business</strong> School<br />

(LBS) and IE return the highest number of<br />

votes. London <strong>Business</strong> School (LBS) created<br />

a Management Innovation Lab following<br />

research into sources of competitive advantage,<br />

and works with companies to experiment and<br />

innovate around their management practices.<br />

In Asia, Indian business schools are again<br />

showing their rapid development, with the two<br />

Indian Institute of Managements in Ahmedabad<br />

and Bangalore entering the top 15. The Indian<br />

School of <strong>Business</strong> and the Indian Institute<br />

of Management in Calcutta also show good<br />

progress in the eyes of employers seeking MBA<br />

graduates versed in innovation.<br />

Elsewhere in the Asia-Pacific region, HKUST<br />

<strong>Business</strong> School, the University of Hong Kong<br />

and Melbourne <strong>Business</strong> School are wellrespected<br />

by MBA employers and recruiters.<br />

Other business schools that have gained<br />

significantly in employer opinion for innovation<br />

include:<br />

University of Chicago Booth School of<br />

<strong>Business</strong>;<br />

SDA Bocconi School of Management;<br />

Thunderbird School of <strong>Global</strong> Management;<br />

IPADE <strong>Business</strong> School;<br />

Joseph L Rotman School of Management;<br />

The Fuqua School of <strong>Business</strong>.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s


13. <strong>International</strong> management<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

41


42<br />

<strong>International</strong> management<br />

MBA education evolves with the changing needs<br />

of a competitive economic environment, and<br />

over the past decade, international management<br />

and the need to understand management within<br />

a global context has grown significantly in<br />

importance.<br />

Top business schools have seen the necessity<br />

of creating international MBA classroom<br />

environments that reflect the ever increasing<br />

international working environment. A number<br />

of leading business schools have designed their<br />

curricula to focus on international management,<br />

while other schools have launched specialized<br />

MBA programs in this area.<br />

Mark Crosby associate professor of economics<br />

and associate dean at Melbourne <strong>Business</strong><br />

School says that “international management<br />

is increasingly becoming an integrative part<br />

of the curriculum as opposed to a standalone<br />

concentration featured in MBA programs of the<br />

past.<br />

“Understanding the vital role that international<br />

trade plays in the world economy and the<br />

resulting implications for business is a key<br />

objective for an MBA student. Accommodating<br />

globalization, dealing with the world financial<br />

crisis, and achieving sustainable development<br />

are among the major challenges facing the world<br />

economy.<br />

“The international trading system for example,<br />

is central to successfully addressing these and<br />

other global challenges,” he adds.<br />

Many students who pursue a specialization in<br />

international management are driven by the<br />

desire to gain global exposure and work within<br />

a diverse and international team. Often they<br />

have international work experience and look<br />

to both study and work in a different country<br />

to their own. “The internationalization of<br />

business demands a sound working knowledge<br />

of the principles of international finance and the<br />

operation of international financial markets,”<br />

Crosby highlights.<br />

Employers who responded to the latest<br />

TopMBA.com Jobs and Salary Trends <strong>Report</strong><br />

strongly agreed that screening for language<br />

skills is an important part of the hiring process.<br />

Employers value innovation because employees with this competence are likely to help<br />

the companies to create new products, processes, or services<br />

s<br />

The same employers also consider inter-cultural<br />

communication skills to be of significant worth,<br />

unsurprising therefore that 14 European schools<br />

feature in the rating.<br />

With its diverse mix of home nationalities, close<br />

international ties, and a strong global perception<br />

of MBA education, European business schools<br />

prove extremely attractive to international<br />

applicants, translating to internationally<br />

diverse classes. The international make up<br />

of the European business school’s full-time<br />

MBA programs that feature in the top 10 are<br />

impressive:<br />

INSEAD, France: 90% international students;<br />

London <strong>Business</strong> School: 90% international<br />

students;<br />

IE <strong>Business</strong>: 89% international students;<br />

SDA Bocconi: 67% international students.<br />

US business schools also do very well in this<br />

rating – six US business schools take up positions<br />

in the top 10, and overall 24 US business schools<br />

s<br />

s<br />

s


<strong>International</strong> management<br />

are featured in the international management<br />

specialization rating. Those vying for the top<br />

10 spots are schools that are globally renowned<br />

and have a long-established reputation,<br />

particularly in developing graduates with<br />

solid global business credentials. As a result,<br />

graduates from their programs are particularly<br />

attractive to employers. For example, Harvard<br />

<strong>Business</strong> School has featured in the top five in<br />

this rating for two years running, most likely<br />

due to its reputable ‘global initiative’ framework<br />

developed in 1996. The initiative builds on<br />

global engagement and encourages a global<br />

outlook in research, study, and practice.<br />

The Wharton School has also featured in the<br />

top five for the last two years. The school<br />

<strong>Business</strong> schools that have made<br />

considerable gains in employer reputation<br />

for their teaching of<br />

information management<br />

encourages a cross-cultural approach to<br />

business and provides advanced-level language<br />

training. Students are encouraged to integrate<br />

their learning across disciplinary, linguistic, and<br />

regional boundaries. At Stanford University’s<br />

Graduate School of <strong>Business</strong>, students have<br />

the opportunity to develop international<br />

management skills by studying abroad in vastly<br />

different countries, such as France, India, and<br />

Japan.<br />

<strong>Schools</strong> rated highly in the international<br />

management rating tend to have multiple<br />

campuses across the world. INSEAD’s MBA<br />

for instance runs in a dual campus format,<br />

where students are able to study at either of<br />

their campuses in Singapore or France; while<br />

Thunderbird School of <strong>Global</strong> Management has<br />

locations in Switzerland, China, Russia, and<br />

Mexico, in addition to its main campus in the<br />

US.<br />

By contrast, business schools based outside of<br />

North America and Europe do not perform as<br />

well in the international management rating.<br />

This is mainly due to the huge interest in<br />

MBA programs amongst local applicants from<br />

countries in Asia, Latin America, and Africa and<br />

the Middle East. In turn, this makes it difficult<br />

for schools to attract international applicants,<br />

as those applicants become concerned that after<br />

graduation they might have difficulty finding<br />

employment outside of the country or region<br />

that they studied their MBA in. As a result, many<br />

MBA students attending local MBA programs<br />

in these regions do not receive as much<br />

international exposure as their counterparts<br />

in Europe and North America, and so are less<br />

experienced in management at an international<br />

level.<br />

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44<br />

14. Leadership<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)


Leadership<br />

Despite the ongoing academic debate about the<br />

ability to teach or simply nurture leadership<br />

skills, many schools have adopted leadership<br />

development as a primary thrust of their MBA<br />

programs.<br />

However, business schools have come under<br />

particular scrutiny in the past few years due<br />

to the number of business leaders presiding<br />

over failed organizations, some of which<br />

suffered prominent media speculation on<br />

their organization’s contribution to the global<br />

financial crisis. Many schools have made a<br />

conscious effort to address and understand<br />

these issues, and consequently have worked at<br />

redesigning and redeveloping their curriculum<br />

to reflect the type of student and graduate that<br />

they would like to see moving through their<br />

programs in the future.<br />

David Bach, dean of programs at IE <strong>Business</strong><br />

School says, “Students should embrace the crisis<br />

as an extraordinary opportunity. Crises make<br />

leaders. Anybody can succeed when things are<br />

easy. But real leadership is required when things<br />

get tough.”<br />

Richard Ivey School of <strong>Business</strong> and executive<br />

director of the Ian O Ihnatowycz Institute for<br />

Leadership adds: “Crises often emerge in an instant<br />

and are usually unexpected. There are no fast and<br />

easy answers, no simple rules to guide actions, and<br />

no pat solutions to the myriad of evolving issues that<br />

face organizations on a daily basis. In this vibrant<br />

and volatile environment, the need for effective<br />

leadership has never been greater.”<br />

He highlights: “To build and sustain a high<br />

performing organization, a leader must not only<br />

point his or her people in the right direction.<br />

Rather, a leader must also have vision and the<br />

ability to connect with and continually nurture a<br />

network of relationships with other companies,<br />

organizations and people.”<br />

Once again, business schools in the US and<br />

Europe feature prominently in this rating, with<br />

22 US and 17 European schools included. This<br />

is reflective of the success of businesses in the<br />

US and Europe, with Fortune magazine’s 2011<br />

<strong>Global</strong> 500 rankings of the world’s biggest<br />

companies listing 133 US and just over 160<br />

European businesses.<br />

For two years running, Harvard <strong>Business</strong> School<br />

takes the top spot in the leadership rating. This<br />

does not come as a surprise as historically,<br />

the school has produced more chief executive<br />

officers featured in the Fortune 500 companies<br />

than any other business school.<br />

Students should embrace the crisis as an extraordinary opportunity.<br />

Crises make leaders. Anybody can succeed when things are easy. But real<br />

leadership is required when things get tough<br />

Other top schools are adopting innovative<br />

approaches. The Wharton School for example<br />

provides leadership development training at<br />

a military academy in Quantico, Virginia as an<br />

optional part of its program, while other North<br />

American schools such as the Tuck School of<br />

<strong>Business</strong> have designed programs that are<br />

tailored to each MBA student.<br />

At Tuck the curriculum is designed as such that<br />

MBA students can develop their leadership<br />

skills over two years, and each students has a<br />

personal leadership plan. The Richard Ivey<br />

45


46<br />

Leadership<br />

School of <strong>Business</strong> has also tailored its program<br />

to appeal to MBA students keen to develop their<br />

leadership skills.<br />

UK business schools account for the majority<br />

of European business schools featured in this<br />

rating. These include:<br />

London <strong>Business</strong> School;<br />

Saïd <strong>Business</strong> School;<br />

Lancaster University Management School;<br />

Cranfield School of Management;<br />

Ashridge <strong>Business</strong> School;<br />

Henley <strong>Business</strong> School;<br />

Judge <strong>Business</strong> School;<br />

Warwick <strong>Business</strong> School.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

INSEAD and London <strong>Business</strong> School have<br />

a longstanding reputation for leadership<br />

development on their MBA programs. Both<br />

offer very different approaches; however they<br />

also have similarities in that both schools<br />

have widened and developed their executive<br />

education curriculum, allowing their MBA<br />

students to benefit from interaction with senior<br />

business leaders.<br />

Other European schools featured in the ratings<br />

include Spanish schools IE and IESE, as well as<br />

IMD in Switzerland. Like Tuck, IMD has a very<br />

good global reputation for its ability to develop<br />

individual leadership skills in its small class of<br />

MBA students.<br />

<strong>Business</strong> schools located in emergent BRIC<br />

countries (Brazil, Russia, India and China) do<br />

not feature prominently in the rating, compared<br />

to their North American and European<br />

counterparts. Of the four countries, India has<br />

the most schools:<br />

Indian Institute of Management, Ahmedabad;<br />

Indian Institute of Management, Bangalore;<br />

Indian <strong>Business</strong> School;<br />

Indian Institute of Management Calcutta.<br />

s<br />

s<br />

s<br />

s<br />

China has one business school in the leadership<br />

rating, CEIBS, while business schools based in<br />

Russia and Brazil do not currently feature.<br />

As business education in these countries is<br />

still developing, employers continue to favor<br />

graduates from business schools in the longstanding<br />

markets of the US and Europe.<br />

However, as schools in the BRIC countries<br />

continue to develop their business education<br />

offerings, it is likely that international<br />

employers will look more to these schools<br />

schools in the BRIC countries continue to<br />

develop their business education offerings,<br />

it is likely that international employers will<br />

look more to these schools<br />

in order to hire leaders that are capable of<br />

spearheading the growth and development that<br />

their organizations will need in order to operate<br />

in the global economies of the future.


15. Marketing<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

47


48<br />

Marketing<br />

The fast paced technological evolution over<br />

the past few decades has changed the shape of<br />

marketing for ever, heightening its importance<br />

in the business world. In order to meet<br />

these demands, many business schools have<br />

emphasized the nurturing marketing skills in<br />

their curricula.<br />

In particular, the growth of the internet, online<br />

social media platforms, and the collation of<br />

databases containing detailed customer profiles,<br />

has heightened the value and sophistication<br />

of marketing tools for achieving competitive<br />

advantage. The latest <strong>QS</strong> TopMBA.com Jobs and<br />

Salary Trends <strong>Report</strong> shows that the majority<br />

of employers across the world find marketing<br />

skills among MBA graduates important, and<br />

over the past few years business schools are<br />

building on this competitive advantage through<br />

offering their students an increase in the amount<br />

and variety of marketing focused courses and<br />

electives as part of their MBA programs.<br />

Nitin Pangarkar, associate professor and<br />

academic director of the MBA program at<br />

NUS <strong>Business</strong> School explains that marketing<br />

is a hugely important aspect of business<br />

management. Students taking an elective in<br />

marketing study a range of disciplines, says<br />

Pangarkar: “Students pursuing the marketing<br />

specialization take courses addressing aspects<br />

such as consumer behavior, marketing research,<br />

channel management and pricing, plus product<br />

and brand management. Through these<br />

courses, students come to acquire an in-depth<br />

understanding of classic concepts as well as<br />

new ideas in marketing. Students also acquire<br />

insights into the practice of these ideas.”<br />

Many of the top business schools in marketing<br />

are renowned not only for producing worldclass<br />

MBA graduates in the field, but also for<br />

their strong marketing faculty and research.<br />

Many widely-available marketing journals<br />

publish work from the top business schools<br />

featured in the rating.<br />

The Kellogg School of Management has<br />

retained the top spot for the last two years. The<br />

school’s research output delivered by its world<br />

class faculty can be found in the top business<br />

marketing journals, and the school continues<br />

to be among the most sought after for MBA<br />

graduates with an expertise in the field of<br />

marketing.<br />

Two other US business schools, Wharton and<br />

Harvard, as well as Kellogg all scored 100 in the<br />

employer index. The schools are well known for<br />

their published marketing research, as well as<br />

their analytical tools.<br />

The fast paced technological evolution over the past few decades has changed the<br />

shape of marketing for ever, heightening its importance in the business world<br />

In Europe, marketing expertise is dispersed<br />

across many countries. The Judge <strong>Business</strong><br />

School at Cambridge University is once again<br />

the European school most highly rated by<br />

employers in the field of marketing, also scoring<br />

100 in the employer index vote. SDA Bocconi<br />

and the University of Oxford continue to be<br />

held in high regard for their marketing electives<br />

among employers, both featuring in the top 20.<br />

Spanish schools are also well thought of among<br />

MBA employers seeking MBA graduates with<br />

a prowess in marketing. Of the three Spanish<br />

business schools in the rating, IE <strong>Business</strong><br />

School is rated the highest, followed by IESE<br />

and ESADE.


Marketing<br />

Nine business schools in the Asia-Pacific region<br />

feature in the marketing ratings. Of them, NUS<br />

<strong>Business</strong> School in Singapore received the<br />

Students come to acquire an in-depth<br />

understanding of classic concepts as well<br />

as new ideas in marketing<br />

highest rating, and is the only business school<br />

from Asia-Pacific region to come in among the<br />

top 20. Pangarkar explains that the school boasts<br />

“several faculty members who have authored<br />

books on marketing in the Asian context. We<br />

also have practitioners who have considerable<br />

s<br />

s<br />

experience in marketing issues in companies.”<br />

The nine schools from the Asia-Pacific region<br />

featuring in the marketing specialization rating<br />

include:<br />

NUS <strong>Business</strong> School;<br />

Melbourne <strong>Business</strong> School;<br />

Indian Institute of Management, Ahmedabad;<br />

The University of Hong Kong’s Faculty of<br />

<strong>Business</strong> and Economics;<br />

Indian Institute of Management, Bangalore;<br />

S P Jain Institute of Management and<br />

Research;<br />

UQ <strong>Business</strong> School;<br />

The Chinese University of Hong Kong;<br />

Nanyang business School.<br />

s<br />

s<br />

s<br />

s<br />

49


50<br />

16. Operations management<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)


Operations management<br />

An MBA specialization in operations management<br />

looks at the underlying concepts of the production<br />

and operations function of an organization, and<br />

are generally divided into two areas – the study of<br />

service operations, and manufacturing or production<br />

operations. This may encompass study in the following<br />

areas: design-related activities that form the function<br />

of a particular operation; the planning and control<br />

activities necessary to run the operation; and/or<br />

improving the way a particular operation performs its<br />

function. Operations management is often an attractive<br />

specialization for MBA students interested in following<br />

management careers in engineering, manufacturing,<br />

and logistics.<br />

Professor Miguel Angel Heras, director of ESADE’s<br />

department of operations management and innovation<br />

explains that careers in this field can be broken<br />

down to simple key processes that are vital to many<br />

organizations.<br />

“These processes are made up of interrelated, sequential<br />

activities through which the components and actors<br />

required (raw materials, labor, capital, information, the<br />

client, and such) are transformed into products. The key<br />

is the value added through the process as perceived by<br />

the customer, i.e. the end product has a greater value<br />

than the elements pre-process.”<br />

Nitin Pangarkar, associate professor and academic<br />

director of the MBA program at NUS <strong>Business</strong> School<br />

adds that business management skills in operations<br />

management will be vital for some employers. “Some<br />

firms might have strategies built around specific<br />

strengths. For instance, operations are one of Walmart’s<br />

greatest strengths and, clearly, they would like to<br />

employ managers who have a good understanding of<br />

key issues in that area.”<br />

The US appears to be leading the way in operations<br />

management. Compared with other regions, there are<br />

higher numbers of US business schools in this rating,<br />

with 27 featuring. Europe does comparatively well<br />

with 15 business schools featuring in the rating. Again,<br />

this is reflective of the advancement of business in the<br />

developed markets of the US and Europe.<br />

By contrast, the emerging markets of Asia, Latin<br />

America, Africa and the Middle East feature fewer<br />

business schools. Of the three regions, Asia-Pacific<br />

has the most, with six business schools featuring in<br />

the rating. Once again, Indian business schools are<br />

particularly prominent, with four highlighted:<br />

Indian Institute of Management, Ahmedabad;<br />

Indian School of <strong>Business</strong>;<br />

Indian Institute of Management, Bangalore;<br />

S P Jain Institute of Management and<br />

Research.<br />

NUS <strong>Business</strong> School at National University of<br />

Singapore and Melbourne <strong>Business</strong> School make up<br />

the other two business schools from the Asia-Pacific<br />

region.<br />

In Europe, UK business schools once again lead the<br />

way in operations management with a total of six out of<br />

15 European business schools situated in the UK:<br />

London <strong>Business</strong> School;<br />

Cranfield School of Management;<br />

Warwick <strong>Business</strong> School;<br />

Manchester <strong>Business</strong> School;<br />

Judge <strong>Business</strong> School;<br />

Saïd <strong>Business</strong> School.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

INSEAD, France is the highest rated European business<br />

school and has done consistently well, holding its<br />

position in fifth place for two years running. Judge<br />

<strong>Business</strong> School and IE <strong>Business</strong> School have shown the<br />

most improvements, moving up seven and six places<br />

respectively.<br />

For two years in a row, MIT: Sloan has retained the title<br />

as the top MBA program specializing in operations<br />

management, according to employers. Three other<br />

US business schools, Harvard, Wharton, and Stanford<br />

feature prominently, and in line with MIT scored 100 in<br />

the employer index score.<br />

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52<br />

17. Strategy<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)


Strategy<br />

As the ratings that make up the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong><br />

<strong>Schools</strong> <strong>Report</strong> are based on MBA recruiters’ opinions of<br />

MBA graduates’ abilities in strategy, MBA programs<br />

that include elements of strategy, as well as those that<br />

specialize in it are included in the ratings. <strong>Business</strong><br />

schools that emphasize strategy as part of their<br />

standard programs, and MBA programs specifically<br />

specializing in strategy can place successful alumni in<br />

careers focusing on new commercial avenues, as well<br />

as modernizing the management of existing business<br />

structures.<br />

Lydia Price is associate dean and MBA director at<br />

CEIBS, which has featured prominently in the strategy<br />

rating for two years running. She explains that an MBA<br />

specialization in strategy will equip a graduate with<br />

the required skills to prosper in a career in business<br />

management:<br />

“Key lessons would include: industry and<br />

environmental analysis, internal analysis and<br />

competitive advantage, organizational structure,<br />

design and alignment, market evolution and<br />

dynamics; in addition to many specialized topics for<br />

specific industries, world regions or stages of market<br />

development. Strategy draws upon all of the business<br />

and market fundamentals, so it is important that a<br />

specialized strategy curriculum also includes a solid<br />

grounding in topics such as economics, accounting,<br />

finance, marketing, organizations, and operations.”<br />

She says that in today’s “competitive market place,<br />

strategy is a critical management resource. A strategy<br />

specialization trains students to see the enterprise as a<br />

whole, and to understand how and why a manager<br />

can make a difference to the performance of the entire<br />

firm. Strategy helps to align the company’s activities to<br />

ensure long-term success. It also takes a holistic view of<br />

the organization and its industry in making decisions.<br />

MBAs with a solid grounding in strategy will be valued<br />

for their ability to drive the business forward and to take<br />

the firm into new directions.”<br />

<strong>Business</strong> schools in North America, Europe and Asia-<br />

Pacific feature prominently in the ratings. There are 21<br />

business schools from North America, 17 from Europe<br />

and 11 from the Asia-Pacific region.<br />

Due to the innovative nature of strategy in business<br />

school teaching, business gurus have a big influence<br />

on the perceived excellence of institutions. Harvard<br />

<strong>Business</strong> School continues to hold the top spot in the<br />

rating. Its strategy unit, faculty and research department<br />

puts it in a favorable light among employers who are<br />

looking to recruit MBAs with a strong focus in strategy.<br />

The Wharton School, Stanford University’s Graduate<br />

School of <strong>Business</strong>, and The Kellogg School of<br />

Management are the three US business schools that join<br />

Harvard in scoring 100 in the employers’ index vote. All<br />

four schools have a strong presence in the teaching of<br />

strategy, with many of their professors authoring books<br />

on strategy, or writing thought provoking analysis for<br />

world renowned academic journals.<br />

European business schools are considered by<br />

employers to perform very well in arming their MBA<br />

graduates with an in-depth knowledge of business<br />

strategy. Six European schools appear in the top 20:<br />

INSEAD, France;<br />

London <strong>Business</strong> School;<br />

IMD;<br />

IE <strong>Business</strong> School;<br />

IESE <strong>Business</strong> School;<br />

HEC Paris.<br />

s<br />

s<br />

s<br />

Once again in the Asia-Pacific region, India appears to<br />

be leading the way in the strategy specialization. Of the<br />

11 business schools in the Asia-Pacific region featured in<br />

the rating, four are located in India:<br />

Indian Institute of Management, Ahmedabad;<br />

Indian School of <strong>Business</strong>;<br />

Indian Institute of Management Bangalore;<br />

S P Jain Institute of Management and Research.<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

s<br />

53


54<br />

18. Conclusion<br />

Region Average GMAT<br />

>=700<br />

Asia-Pacific<br />

Europe<br />

North America<br />

Latin America<br />

Africa & Middle East<br />

Worldwide<br />

2% (2%)<br />

1% (1%)<br />

6% (8%)<br />

0% (0%)<br />

0% (0%)<br />

9%<br />

>5 years work<br />

experience<br />

9% (10%)<br />

18% (21%)<br />

3% (4%)<br />

2% (1%)<br />

1% (1%)<br />

33%<br />

Source: <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> <strong>2012</strong> (TopMBA.com)<br />

MBA classroom and graduate statistics<br />

Throughout the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong><br />

<strong>Report</strong> <strong>2012</strong> regional ratings, for added readervalue,<br />

supporting data for many of the full-time<br />

MBA programs that are featured is included.<br />

While this data does not directly affect a<br />

business schools placing in any of the ratings, it<br />

can be very useful in portraying the significance<br />

of aspects such as gender diversity, and the<br />

average work experience of a business school’s<br />

MBA intake.<br />

In terms of the average GMAT score that<br />

a school’s intake possesses, there is a clear<br />

correlation with the employer index scores, as<br />

schools appearing in the top clusters generally<br />

have higher average GMAT scores. Though<br />

there are some anomalies, the same is true with<br />

the average years work experience of admitted<br />

students, as both signify the quality of enrolled<br />

MBA students. The average salary on the other<br />

hand is reflective of the value employers place<br />

on graduates from a particular school, and so<br />

is for the most part reflective of the index of<br />

employer votes a school receives.<br />

The percentage of female students enrolled on<br />

MBA programs rarely reaches equality among<br />

the <strong>200</strong> business schools featured in this report.<br />

This is reflective of a long-standing trend in<br />

>40%<br />

international<br />

students<br />

10% (10%)<br />

31% (32%)<br />

8% (11%)<br />

2% (2%)<br />

0% (2%)<br />

51%<br />

>40% female<br />

students<br />

3% (3%)<br />

8% (9%)<br />

5% (9%)<br />

1% (1%)<br />

1% (1%)<br />

18%<br />

><strong>200</strong> class size<br />

3% (3%)<br />

3% (3%)<br />

13% (13%)<br />

0% (0%)<br />

0% (0%)<br />

19%<br />

management education, as the sector struggles<br />

to appeal to women. This is an issue that both<br />

business schools and organizations such as <strong>QS</strong><br />

are striving to correct.<br />

<strong>International</strong>ization of the MBA<br />

In a world that is growing more integrated by<br />

the year, the importance of future business<br />

leaders having an international outlook cannot<br />

be underestimated. In their quest to ensure MBA<br />

students are given the international exposure<br />

needed to operate in the heavily globalized<br />

world that they work in, many business schools<br />

place a high importance on international class<br />

diversity.<br />

As shown in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong><br />

<strong>Report</strong> <strong>2012</strong>, European schools are particularly<br />

good at attracting an internationally diverse<br />

applicant pool, which translates into high<br />

percentages of international diversity in their<br />

MBA classes. Employers clearly value this, as is<br />

represented by many European schools scoring<br />

well in the index of employer votes shown in the<br />

international management rating.<br />

Meanwhile, many business schools in Asia<br />

struggle to attract international students to their<br />

programs, particularly in mainland China and<br />

India. With such globally influential economies,


Conclusion<br />

this is an area that some schools will need to<br />

work on in order to ensure that the region’s<br />

future business leaders are able to operate in<br />

the internationalized environment that they are<br />

needed in.<br />

At the same time, it should be noted that for the<br />

most part, business schools in Asia are still very<br />

much in the developing stages. In fact, the rapid<br />

rise in the number of schools meeting the criteria<br />

for the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong> in<br />

recent years is very impressive, and points to a<br />

fast-paced increase in the quality of the region’s<br />

MBA programs which are increasingly being<br />

recognized by international employers. Since<br />

<strong>200</strong>4, 26 extra business schools based in the<br />

Asia-Pacific region have achieved an index of<br />

employer vote score high enough for inclusion<br />

in the report, bringing the total number of<br />

schools from the region to 36.<br />

Though at an even earlier stage of development,<br />

institutions from Latin America and Africa and<br />

the Middle East are also showing promise in<br />

terms of employer opinion of their graduates.<br />

In Latin America, the fast-growing economies<br />

of Brazil and Chile have encouraged MBA<br />

employers to consider hiring from business<br />

schools located there. While in Africa and the<br />

Middle East, government investment and<br />

political change is likely to attract more schools<br />

to the region.<br />

Rise of the BRIC nations<br />

Throughout the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong><br />

<strong>Schools</strong> <strong>Report</strong>, one theme in particular stands<br />

out: Indian business schools are fast gaining<br />

popularity among MBA employers. In almost<br />

all specialization ratings, Indian schools have<br />

climbed considerably when compared to last<br />

year. This is even the case for international<br />

management, as while Indian business schools<br />

feature lower down the rating than they do in<br />

other specializations, they are still climbing<br />

and showing promise in developing a greater<br />

international<br />

graduates.<br />

outlook among their MBA<br />

Mainland China follows its special<br />

administrative region, Hong Kong in gaining<br />

greater prominence among employers of the<br />

country’s business schools. With close ties to<br />

the UK, and a financial powerhouse of the<br />

world, Hong Kong has long been considered<br />

to house some of the region’s most respected<br />

business schools, and features strongly in the <strong>QS</strong><br />

<strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong>. However,<br />

of recent years business schools located in<br />

mainland China are being viewed on a similar<br />

level to those in Hong Kong, representing a<br />

rapid rise in international employer reputation<br />

for China’s top business schools. In part this<br />

is due to close working ties with some of the<br />

most respected institutions in Europe, but also<br />

as a result of China’s huge economic expansion<br />

creating a need for international businesses to<br />

hire executives with a strong understanding of<br />

Chinese business.<br />

Though the region’s management education<br />

sector is still developing, economic expansion<br />

is also the reason that we can see countries<br />

in Latin America improving their reputation<br />

among employers. Chile, though not one of the<br />

BRIC nations, and Brazil are home to the top<br />

four business schools in the region, showing<br />

significant improvements since last year. At<br />

the same time, both counties’ economies have<br />

undergone major expansion in the past decade,<br />

which has encouraged international employers<br />

to look to local business schools when hiring<br />

MBA graduates.<br />

Russia is the only BRIC nation not represented<br />

in the <strong>QS</strong> <strong>Global</strong> <strong>200</strong> <strong>Business</strong> <strong>Schools</strong> <strong>Report</strong><br />

<strong>2012</strong>, a result of the strong focus among Russian<br />

55


56<br />

Conclusion<br />

business schools on local markets. While local<br />

markets are important to the country in order<br />

to ensure it caters for internal business needs,<br />

a greater international presence in Russian<br />

business school curricula could help the<br />

internationally reserved country to achieve<br />

greater global economic prominence.<br />

Specializations in MBA education<br />

Recent months have seen huge public protests<br />

around the world against the perceived greed<br />

of many high-level business executives and<br />

the organizations they run. Further, business<br />

schools received a degree of blame for what<br />

some believe to be a failing in the teaching of<br />

corporate social responsibility (CSR) in their<br />

programs. Whether or not the blame was rightly<br />

placed, MBA programs have evolved since the<br />

current global economic difficulties began<br />

towards the end of the last decade. <strong>Business</strong><br />

schools constantly alter their MBA programs<br />

in order to reflect the needs of global business<br />

and the world they operate in, and the trend of<br />

an increased emphasis in the nurturing of CSR<br />

values is reflective of that.<br />

Innovation and entrepreneurship have become<br />

greatly valued by MBA employers around the<br />

world. The two specializations, which are so<br />

closely linked that some business schools merge<br />

the two fields into one department, are also<br />

valued by governments as they look to business<br />

innovation and the entrepreneurial mindset of<br />

future business leaders to create economical<br />

growth during a tough economic climate. In<br />

Europe in particular, MBA graduates with<br />

innovative and entrepreneurial ideas in the field<br />

of finance will be of great use in helping the<br />

continent to avoid its own ‘Lehman moment’,<br />

which if it happens could plunge the global<br />

economy into previously uncharted financial<br />

difficulties.


58<br />

19. Appendix<br />

ALBANIA<br />

Timesjobs<br />

ALGERIA<br />

EXPRO GROUP<br />

ANDORRA<br />

Kimberly Clark Latinoamérica<br />

ARGENTINA<br />

Aceitera General Deheza<br />

AES<br />

ARSAMA SA<br />

Assist Card<br />

Bagatini Consultora<br />

Bagatini Consultora RRHH<br />

Betamotor Argentina S.A.<br />

Burgwardt y Cía. S.A.<br />

Cable express<br />

CaridianBCT<br />

Cementos Avellaneda S.A.<br />

CLEAN BAIRES S.A.<br />

Conextube SA<br />

Consultora en RRHH<br />

Consultoras Staff de Ventas/ Staff<br />

Domestico<br />

CONSULTORIA<br />

Deloitte<br />

Dia Argentina<br />

DMD Compresores S.A.<br />

DOMPRA S.R.L.<br />

El Porteño Apartments llc<br />

Empleos Online<br />

ESTUDIO MALUFI<br />

ESUCO<br />

Falabella<br />

FRIC ROT SAIC<br />

GCI SA<br />

GPTW<br />

Grupo DARC<br />

Grupo Ibermática<br />

Grupo Seguridad Norte<br />

GRUPO TEAMSEG S.A.<br />

Hotel Intercontinental<br />

Huella Laboral<br />

Instituto de Rehabilitacion Integral<br />

Instituto Provincial de Juegos y<br />

Casinos- Mendoza<br />

Interservices<br />

Intersys SRL<br />

Jugos SA<br />

Kimberly Clark Latinoamérica<br />

Laura Jordan & Asoc.<br />

Lexmark<br />

M.I.C y T<br />

MANPOWER<br />

Molina y Asociados<br />

Mon Stage En Argentine<br />

Organización Médica Atlántica S.A.<br />

Paradigma<br />

PROMOSTAR SA<br />

Prosperar<br />

Provincia ART<br />

Proyecto Sur RR.HH.<br />

Shima SA<br />

SIPROSA<br />

Sur Contact Center S.A.<br />

TANDANOR SA<br />

Taranto San Juan S.A<br />

Techint<br />

Tecnología Energía Generación S.A.<br />

The Clorox Company<br />

TOTVS<br />

UGOFE. S.A<br />

UMaza<br />

World Games S.A.<br />

YPF S.A.<br />

ARMENIA<br />

Asdasd<br />

AUSTRALIA<br />

Abbott<br />

ABC<br />

Accenture<br />

AECOM<br />

ahm<br />

Alcatel-Lucent<br />

Alinta Energy<br />

AMP<br />

ANISE Consulting<br />

ANSTO<br />

APRA<br />

APSC<br />

Ascanio<br />

Australia Post<br />

Australian Broadcasting Corporation<br />

Australian Commonwealth<br />

Government<br />

Australian Prudential Regulation<br />

Authority<br />

Australian Taxation Office<br />

Avaya<br />

Bellissimo Coffee<br />

BHP Billiton<br />

Bicycling Australia<br />

Bluescope Steel<br />

BlueScope Steel Limited<br />

BlueScopeSteel Limited<br />

Booz & Company<br />

BOS <strong>International</strong><br />

Bunnings Building Supplies<br />

<strong>Business</strong> Quality Management<br />

Cadist Consulting<br />

CBA<br />

CEA Technologies<br />

CEA Technologies Pty Limited<br />

City of Greater Dandenong<br />

Community Alliance Credit Union<br />

CPA Australia<br />

Delta Electricity<br />

DeltaSBD Limited<br />

Department of Broadband,<br />

Communications and the Digital<br />

Economy<br />

Department of Communities<br />

Department of Employment, Economic<br />

Development and innovation<br />

Department of Primary Industries<br />

Department of Sustainability and<br />

Environment, Victoria<br />

Dr Jason Dixon Clinical Counsellor


E & M GREENFIELD<br />

Elegant <strong>International</strong> Pty Ltd<br />

EMC<br />

Ergon Energy<br />

Ernst & Young<br />

ETSA Utilities<br />

EYELIGHT FILM PTY LTD<br />

fdghd<br />

FMCG<br />

G. J. Ryland & Co. Pty Ltd<br />

Gilbert + Tobin<br />

Goldsworthy Ivestments Pty Ltd<br />

Good Beginnings<br />

GSK<br />

Hatch Associates<br />

HBM Group Pty Ltd<br />

Huon Management Services Pty Ltd<br />

IBM Australia<br />

Illawarra Coal<br />

Internetrix<br />

Kellogg Brown & Root<br />

KPMG<br />

Lander & Rogers<br />

LDB Accountants & Advisors<br />

Lexis Nexis<br />

Lifeline Australia<br />

McKays Solicitors<br />

Modbury Hospital<br />

Navitas Workforce Solutions<br />

norman disney & young<br />

NSW Treasury<br />

OneSteel<br />

OneSteel Ltd<br />

Orica<br />

Parks Victoria<br />

Partners In Performance<br />

PeakCare<br />

Permasteelisa Pty Ltd<br />

phillipsgold pty ltd<br />

Procter & Gamble<br />

Productivity Commission<br />

Professional Public Relations<br />

Profitable <strong>Business</strong> Development<br />

Project Management Services (NSW)<br />

Pty Ltd<br />

pureprofile<br />

Qld Department of Environment and<br />

Resource Management<br />

Queensland Emergency Medicine<br />

Research Foundation (QEMRF)<br />

Queensland Health<br />

Ramsay Health Care<br />

Redflex Traffic Systems Pty Ltd<br />

RMB Lawyers<br />

RMHRVS<br />

Royal Botanic Gardens Board<br />

Royal Children’s Hospital Brisbane<br />

SCE Group<br />

Seamless (Aust) Pty Ltd<br />

Shellharbour Village Pharmacy<br />

SKM<br />

Southern Hospital Network<br />

SP AusNet<br />

Sugar <strong>International</strong> / Talent2<br />

Sydney Water<br />

Synergetics Environmental<br />

Engineering<br />

TAFE NSW - Illawarra Institute<br />

Target Australia<br />

The Sunshine Coast Private Hospital<br />

Treasury<br />

UniCentre<br />

URAC Ltd<br />

UTC Fire and Security<br />

VEKTA Pty Ltd<br />

Victorian Aboriginal Health Service<br />

Virbac Australia<br />

WHK<br />

WilsonHTM Investment Group<br />

Wollongong Hospital<br />

WorleyParsons<br />

Wynnum Adult Community Mental<br />

health/Metro South/Bayside<br />

Yarra Valley Water<br />

AUSTRIA<br />

Catalysts GmbH<br />

ERSTE-SPARINVEST<br />

EVN<br />

Oracle<br />

Rhomberg Bau GmbH<br />

Rotes Kreuz<br />

RZB AG<br />

AZERBAIJAN<br />

Azercell Telecom LLC<br />

Azersun Holding<br />

Bank of Baku Open Joint Stock<br />

Commercial Bank<br />

BP<br />

DNS Computers<br />

Embawood LLC<br />

Medisis LLC<br />

BAHAMAS<br />

LDG,JHV,NB<br />

BAHRAIN<br />

Bukamal W.L.L.<br />

college<br />

KPMG<br />

Zain<br />

BANGLADESH<br />

Bestway Group<br />

Ericsson<br />

GASL<br />

Ministry of Education, Bangladesh<br />

Muslim Aid<br />

Shirt Makers Group<br />

BARBADOS<br />

Asdasdasd<br />

BELGICA<br />

Fasf<br />

BELGIQUE<br />

SECO scrl<br />

BELGIUM<br />

Act2act<br />

BASF ANTWERP NV<br />

Belgacom<br />

BLOSO<br />

BNP Paribas Fortis<br />

Buurtsport Brussel<br />

59


60<br />

Centre for R&D Monitoring<br />

communauté française de belgique<br />

Consortium XIII Webros vzw<br />

CSR Europe<br />

Ctac belgium<br />

Electrabel, Groupe GDF SUEZ<br />

Ernst & Young Bedrijfsrevisoren<br />

European Commission<br />

Federal Public Service Home Affairs<br />

Federal Public Service Justice<br />

Flemish government<br />

GDFSUEZ<br />

Institut Destrée<br />

KPMG<br />

manafer<br />

MIVB<br />

MIVB-STIB<br />

PKS bvba<br />

PricewaterhouseCoopers<br />

Procter & Gamble<br />

QUALITY PARTNER SA<br />

Tractebel Engineering<br />

Univeg<br />

VIB<br />

BELIZE<br />

FG<br />

BERMUDA<br />

Daerwer<br />

BHUTAN<br />

Wipro<br />

BRAZIL<br />

<strong>Global</strong> Crossing<br />

Heidrick & Struggles<br />

Michael Page<br />

Promon Engenharia Ltda<br />

BULGARIA<br />

Alpha Bank Bulgaria Branch<br />

Assamblea Nazionale (Parlamento)<br />

Axway<br />

BEIED<br />

Bella<br />

British American Tobacco<br />

Britsh American Tobacco Bulgaria<br />

Bulgaria<br />

Bulwork<br />

C3i Europe<br />

C3i Europe EOOD<br />

Confidential<br />

Curtis/Balkan<br />

DANONE Bulgaria<br />

Dr. Pendl & Dr. Piswanger, Bulgaria<br />

Economedia<br />

Ernst & Young<br />

HILL <strong>International</strong> BG Ltd.<br />

Human Relations Consulting<br />

Recruitment<br />

Interminds LLC<br />

<strong>International</strong> Healthcare and Health<br />

Insurance Institute<br />

Intersnack Bulgaria Ltd.<br />

JAR-MM<br />

Key Success Indicators - Tailor made<br />

business solutions Ltd.<br />

Kraft Foods Bulgaria<br />

Market Trend Ltd.<br />

Mercurius Sofia JSC<br />

MKB UNIONBANK<br />

Mobiltel EAD<br />

Monday Ltd.<br />

Moto-Pfohe GmbG<br />

Nemetschek Ltd<br />

Nestle Bulgaria<br />

Oracle<br />

PRO.BG Media Group<br />

PROFI CREDIT Bulgaria EOOD<br />

Reed Personel Services<br />

Roche Bulgaria<br />

Sandvik<br />

Siemens<br />

Sofiyska Voda<br />

Software AG<br />

SU<br />

Synectica Consult Ltd.<br />

Transal Services GmbH<br />

uzr<br />

VIVACOM<br />

Yavlena Ltd.<br />

Zentiva<br />

CAMBODIA<br />

Saila<br />

CANADA<br />

Aaa<br />

Alberta Envirofuels Inc.<br />

ANGAD INFO OVERSEAS<br />

IMMIGRATION CONSULTANTS<br />

PVT LTD<br />

BioTilt<br />

Bleublancrouge<br />

Brampton Engineering<br />

Cameco<br />

Capgemini<br />

Comfort Keepers<br />

Enbridge Pipelines Inc.<br />

Ericsson<br />

Ernst & Young<br />

G4S Cash Solutions (Canada) Ltd<br />

Hatch<br />

Health Canada<br />

HSBC Bank Canada<br />

IBI Group<br />

ITL<br />

iWeb INC.<br />

Jonas Software<br />

Keystone Labs Inc.<br />

KPMG<br />

Manulife Financial<br />

Mosaic Sales Solutions<br />

newcomer centre of peel<br />

Nova Scotia <strong>Business</strong> Inc.<br />

Orion Health Limited<br />

Propipe Group<br />

RBC Ryal Bank<br />

Rolls Royce<br />

Rolls-Royce<br />

Royal Bank of Canada<br />

Stream-Flo Industries Ltd<br />

Sylvite Holdings Inc.<br />

TD Bank Financial Group<br />

Town of Richmond Hill<br />

UltraIT<br />

West Monroe Partners<br />

CHILE<br />

APL Logistics Chile S.A.


Asociación Chilena de Seguridad<br />

Atisae CApacitación SA<br />

CAPREDENA<br />

CDO CONSULTING GROUP<br />

Chesta Ingeniería S.A.<br />

Constructora Independencia S.A<br />

Distal S.A.<br />

Dow AgroSciences<br />

DUOC<br />

EMBOTELLADORA ANDINA<br />

Empremar<br />

Entel Servicios Móviles<br />

escuela militar ejercito de chile<br />

Facultad de Medicina<br />

FALABELLA<br />

fghfg<br />

Forestal<br />

fundacion integra<br />

Guerrero, Olivos, Novoa y Errázuriz<br />

HOTEL MILITAR GRANADEROS<br />

IQUIQUE<br />

Indra Sistemas<br />

MARKET LINE CHILE SA<br />

Minera Mantos de Oro<br />

Ohl Concesiones Chile S.A.<br />

Ripley<br />

Ripley Corp<br />

Roi Human Consulting<br />

Rvc inmobiliaria y construccion<br />

sadf<br />

Sandvik<br />

Siemens S:A<br />

Soc. Concesionaria Centro de Justicia<br />

de Santiago<br />

Sociedad Industrial Romeral SA<br />

Solvencia S.A.<br />

UHY Ossandón Consultores<br />

Viña Concha y Toro S.A.<br />

VIPROSEG LTDA.<br />

Weir Minerals<br />

CHINA<br />

AEGON-CNOOC Life Insurance<br />

Co. Ltd.<br />

APRIL China<br />

B&Q China<br />

Bain & Company<br />

Bank of Canada<br />

Bertelsmann AG, China<br />

Capital Eight<br />

Cisco<br />

Cisco Systems<br />

Fluke<br />

Medtronic<br />

Novartis<br />

OPR media<br />

SAP<br />

Starbucks China<br />

Sunshine 100 Real Estate Group<br />

Vermilion Partners<br />

COLOMBIA<br />

Aranda Software Corporation<br />

Colombiana Kimberly Colpapel<br />

Genesis<br />

<strong>Global</strong> Ledsa<br />

Golosinas Trululu S.A<br />

Grupo Corporativo EFICACIA S.A.<br />

INTEC OTM<br />

lloreda<br />

medicos sin fronteras<br />

MRI NETWORK ANDINA<br />

Municipio de Tenjo<br />

O-I PELDAR COLOMBIA<br />

Progen S.A.<br />

R.H Recursos Humanos<br />

RAINPOWER<br />

SECANCOL LTDA<br />

SERVIBOY LTDA<br />

TAG FLOWERS S.A.<br />

TELEDATOS<br />

TH plus TALENTO HUMANO<br />

Top Management<br />

COSTA RICA<br />

Azucarera el Viejo S.A<br />

Banco de Costa Rica<br />

GBM<br />

Platec<br />

SOER Costa Rica<br />

The Bridge Group<br />

The Leatherback Trust<br />

CZECH REPUBLIC<br />

Barum Continental spol. s r.o.<br />

Freescale, Inc<br />

Gatema s.r.o.<br />

SEM Drásov<br />

Tieto Czech<br />

T-Mobile Czech Republic a.s.<br />

DENMARK<br />

APMoller Foundation<br />

B&b<br />

Capital Region of Denmark<br />

cbs<br />

Center for Rehabilitation of Brain<br />

Injury<br />

Coloplast A/S<br />

DAAC, Udkaersvej 15, DK-8<strong>200</strong><br />

Aarhus N<br />

DanChurchAid<br />

danfoss<br />

Danisco A/S<br />

Danish Arts Agency<br />

Danish Cultural institute<br />

Danish EPA<br />

Danish Medicines agency<br />

Danish Meteorological Institute<br />

Danmarks Nationalbank<br />

Danmarks Nationalbank (Central<br />

Bank)<br />

DONG Energy<br />

Fødevarestyrelsen<br />

Frederiksberg Gymnasium<br />

GateHouse<br />

Grundfos Management<br />

H. Lundbeck A/S<br />

IctalCare<br />

Innovation Center Denmark,<br />

Silicon Valley<br />

Institute of governmental research<br />

Jubii.dk<br />

Justitsministeriet<br />

Justitsministeriet (Ministry of<br />

Justice)<br />

KL<br />

Law firm Poul Schmith<br />

Logica<br />

Ministry of Education in<br />

Denmark<br />

61


62<br />

Ministry of Finance<br />

Ministry of Justice<br />

NIRAS<br />

Nordea<br />

Nordea AB<br />

Novo Nordisk<br />

Novo Nordisk A/S<br />

OFS Fitel Denmark<br />

Pressalit Group A/S<br />

Ramboll Management Consulting<br />

Region North Jutland<br />

Rigshospitalet<br />

rigshospitalet, national hospital of<br />

denmark<br />

Rockwool <strong>International</strong> A/S<br />

Society for Danish Language and<br />

Literature<br />

Statistics Denmark<br />

svendborg loeve apotek<br />

The Danish National Centre for<br />

Social Research<br />

Vestas Wind Systems<br />

Workz<br />

Zealand Pharma<br />

EGYPT<br />

Distance Studio Consultant<br />

Geographic Information System<br />

Center of the Supreme Council of<br />

Antiquities<br />

Hyatt Regency Sharm El Sheikh<br />

starwood<br />

Xceed contact center<br />

ESTONIA<br />

Swedbank AS<br />

ETHIOPIA<br />

Red Fox Ethiopia<br />

FINLAND<br />

F-Secure Corp<br />

Orion<br />

FRANCE<br />

ABBOTT France<br />

Accenture<br />

ACCOR<br />

Alcan CRV<br />

Allianz<br />

Alma Consulting Group<br />

ALTEN<br />

AREVA<br />

AXA Private Equity<br />

azf<br />

Bouygues Construction<br />

BOUYGUES TELECOM<br />

Club Med Gym<br />

Coface<br />

Cofely<br />

CREDIT AGRICOLE SUD<br />

RHONE ALPES<br />

DECATHLON SA<br />

DEKRA INDUSTRIAL<br />

FastBooking<br />

Fresenius Kabi<br />

HP<br />

HSBC FRANCE<br />

hygena<br />

INSTITUT LAUE-LANGEVIN<br />

logica<br />

LVMH<br />

MFPMICHELIN<br />

NEODIALOGUE<br />

Nouvel Obs<br />

OPEN<br />

Orange<br />

Prada<br />

PricewaterhouseCoopers<br />

Procter & Gamble<br />

Rakon France<br />

sanofi aventis<br />

Schneider Electric<br />

SODEXO France<br />

Sopra Group<br />

Sullivan & Cromwell LLP<br />

THALES<br />

The Boston Consulting Group<br />

TOTAL<br />

Unilever<br />

vivendi<br />

F-Secure Corp<br />

Orion<br />

FRENCH GUIANA<br />

Zulou’s<br />

GERMANY<br />

Bodo vorrath associates gmbh/we<br />

connect people and strategy<br />

Bombardier Transportation<br />

Computer Futures<br />

Daimler AG<br />

dimari IT Services India Pvt. Ltd.<br />

Draftfcb<br />

ElringKlinger AG<br />

ESA<br />

grip gmbh<br />

Hellmann Worldwide Logistics<br />

GmbH & Co. KG<br />

Horbach Wirtschaftsberatung<br />

IBM<br />

Institut für Angewandte<br />

Wirtschaftsforschung<br />

Kraft Foods RD&Q Munich<br />

LGI Logistics Group <strong>International</strong><br />

gmbH<br />

Ministerium für Wissenschaft,<br />

Forschung und Kunst Baden-<br />

Württemberg<br />

PERI GmbH<br />

Robert Bosch GmbH<br />

Sartorius Stedim Biotech GmbH<br />

Seton Company<br />

Siemens<br />

Simba Dickie Group<br />

smartSpeed<br />

SWEP<br />

Vestas Deutschland GmbH<br />

GHANA<br />

SEM Capital Management


GREECE<br />

AB VASILOPOULOS<br />

Aldemar Hotels & Spa<br />

ALUMIL S.A.<br />

Boehringer Ingleheim Ellas AE<br />

BSH<br />

BSH OIKIAKES SYSKEVES<br />

Cadbury<br />

Cadbury Hellas<br />

Careerbuilder<br />

CLUB HOTEL CASINO<br />

LOUTRAKI<br />

COLGATE PALMOLIVE<br />

DANONE Dairy Products<br />

EPIFANIS GROUP OF<br />

COMPANIES<br />

Ericsson Hellas S.A.<br />

Eurobank EFG<br />

Fourlis Group<br />

GRAND SOLUTIONS S.A<br />

Grand Solutions S.A.<br />

Hellenic Shipyards SA<br />

Henkel Hellas<br />

House Market S.A. (IKEA)<br />

INTERAMERICAN<br />

INTRACOM IT SERVICES<br />

Janssen-Cilag<br />

Johnson & Johnson Hellas SA<br />

KLEEMANN<br />

KOSMOCAR SA<br />

KRAFT FOODS<br />

L’Oreal Hellas SA<br />

Mellon Group of Companies<br />

National Bank of Greece<br />

NESTLE<br />

Pernod Ricard Hellas<br />

Piraeus Bank<br />

PIRAEUS BANK GROUP<br />

PricewaterhouseCoopers<br />

Process Engineering Solutions<br />

REMACO SA<br />

SARA LEE<br />

SARACAKIS GROUP OF<br />

COMPANIES<br />

The Swatch Group Greece S.A.<br />

VIVARTIA<br />

Wurth Hellas SA<br />

HONG KONG<br />

Analogue Group of Companies<br />

Atlantic-Pacific Capital<br />

CAI <strong>Business</strong> Indepth<br />

Citi<br />

Creator Metro Limited<br />

ERM-Hong Kong Limited<br />

Healthpro<br />

Jardine Matheson Ltd<br />

KJ Interational (HK) Ltd<br />

Liquavista<br />

L’Oreal Hong Kong Ltd.<br />

Manulife (<strong>International</strong>) Limited<br />

Razorfish (HK) Co. Ltd.<br />

Schneider Electric Asia Pacific<br />

Ltd.<br />

SHKF<br />

Tyco Electronics H.K. Ltd.<br />

HUNGARY<br />

Bay Zoltan Foundation for<br />

Applied Research, Baygen<br />

BAYGEN Institute<br />

Bonafarm Co.<br />

Commerzbank<br />

IBM<br />

InCa Informationtechnology Ltd.<br />

Kontaktia Ltd.<br />

KPMG<br />

KPMG-BME Academy<br />

MCL Consulting Ltd.<br />

Sanoma Budapest<br />

INDIA<br />

24x7 Consultants<br />

360 Degrees HR Consulting<br />

Services<br />

3i Infotech Limited<br />

3M<br />

3vconsultants<br />

7Management Staffing Solution<br />

A M TRADE LINK PVT LTD<br />

A WPP company<br />

A.H Wheeler & Co Pvt Ltd<br />

Aadhavan Couriers Pvt Ltd<br />

Aalim Muhammed Salegh Group<br />

of Educational institutions<br />

AAR KAY MANAGEMENT<br />

CONSULTANTS<br />

Aarmed Forces<br />

Aayan InfraTel Pvt Ltd<br />

ABC<br />

Abel Software and Consultants<br />

Pvt. Ltd.<br />

AC Nielsen<br />

ACC LIMITED<br />

ACCEL Frontline Services Ltd<br />

Accel IT Resources Ltd<br />

Accenture<br />

Accord Group of Companies<br />

Ace Computer Services<br />

Acesoft Labs (India) Pvt. Ltd.<br />

ACH Management Consultants<br />

Pvt. Ltd.<br />

ACRO HR Solutions (I) Pvt. Ltd<br />

Active Management Consultant<br />

Adani logistics ltd.<br />

Adecco India<br />

Aditya Birla Group<br />

Aditya Birla Retail Ltd<br />

Adityabirla Minacs<br />

advance nanotech<br />

Advantage India<br />

aegon religare life insurance<br />

AGP INTERNATIONAL<br />

SERVICES<br />

Agra Engineering Company<br />

Ahalia Group<br />

Ahura Builders<br />

Aircel telecom Pvt. Ltd.<br />

AKB Industries Ltd.<br />

Alamelu Chemical Products<br />

ALCHEMIST HR SERVICES<br />

PVT. LTD.<br />

AllanaSons Ltd.<br />

Allen Homoeo & Herbal Products<br />

Ltd.<br />

Al-Osais<br />

ALPS Industries Ltd.<br />

Ambition Advtg. & Mktg.<br />

Ambitious Films Co.<br />

AMERICAN EXPRESS<br />

American Solutions Pvt Ltd<br />

Amrapali Institute<br />

63


64<br />

Anandaloke Hospital &<br />

Neuroscience Centre, Siliguri,<br />

West Bengal, India<br />

Anchorage HR Solutions<br />

Anjali Mukerjee Health Total<br />

Pvt Ltd<br />

Ansaldo Caldaie Boilers India<br />

(P) Ltd.<br />

any motors<br />

Anyone<br />

Apex consultant<br />

APM TERMINALS-PIPAVAV<br />

Apollo Hospitals Ent.Ltd<br />

Apollo Tyres Ltd<br />

Applied HR Services<br />

Aptech Ltd<br />

aray offshore<br />

Architects<br />

Arctern<br />

ARCTERN:VOLT<br />

Ariba<br />

ARIHANT ELECTRICALS<br />

ASAP Automation India Pvt.Ltd<br />

Aster Teleservices<br />

ATLANTA LTD.<br />

AUM Organization<br />

Aurelius Consulting Services<br />

AUSCAN IMMIGRATION<br />

CONSULTANTS PVT LTD<br />

AVAYA <strong>Global</strong>Connect Ltd.<br />

avenues placement consultants<br />

Aviva 24/7 customer<br />

Avnet Technologies<br />

Avon Corp Ltd.<br />

AXIS BANK<br />

Azad Group of Educational<br />

Institutions<br />

B&C Tech Services<br />

B&K Sec<br />

b.jain group of companies<br />

BACE Marketing Pvt. Ltd.<br />

Bajaj Polyblends Pvt. Ltd.<br />

Bajaj Processpack Maschinen<br />

Pvt. Ltd.<br />

Balaji Telefilms<br />

Balishtha eTech Pvt. Ltd.<br />

Bangalore Management Academy<br />

Bank of India<br />

Barodawala Properties Private<br />

Limited<br />

BAT<br />

BCPL<br />

Bcube IT Services (P) Ltd<br />

BEML Ltd.<br />

bengal shawal reparing house<br />

Bhagya laxmi Enterprices<br />

BHARAT FASHIONS &<br />

APPARELS<br />

Bharat Heavy Electricals Limited<br />

BHARTIYA CONSORTIUM<br />

PVT LTD<br />

Bhavya Group<br />

Bhushan Steel Limited<br />

BIG M Tecnologies<br />

BINARY LOGICS<br />

Binary Softzone Pvt.Ltd.<br />

BIPM<br />

Birlasoft Ltd<br />

Biztran Solutions<br />

Blossom Tech Solutions<br />

blue chip placements<br />

BLUEMAN SUPPORT<br />

SERVICES<br />

BOC India Ltd.<br />

Bonace eng<br />

Books for Change<br />

BORDER SECURITY FORCE<br />

BOSCH<br />

Bosch Limited<br />

Britannia Industries Ltd.<br />

Brunel India Pvt. Ltd.<br />

bsl training company<br />

BSOFT<br />

<strong>Business</strong> Scape Consulting<br />

cadila<br />

CALCHEM INDUSTRIES<br />

[INDIA] LTD<br />

CAMBATA AVIATION PVT.<br />

LTD<br />

Canada<br />

Capital IQ<br />

Capricorn Pharma Inc<br />

Career Avenues (I) Pvt Ltd<br />

Career Path Consultant<br />

Career Point<br />

CAREER WORKSHOP<br />

Careerbridge Consultants<br />

Castrol India Ltd<br />

CBay Systems<br />

CBS<br />

CEMEX<br />

CESC LTD<br />

Cethar Vessels Ltd<br />

CfBT Education Resource<br />

Management Pvt. Ltd.<br />

Chiron Panacea Vaccines Private<br />

Ltd<br />

Cholamandalam MS General<br />

Insurance<br />

Clearway Advisors<br />

CMC Technologies India Pvt Ltd<br />

CMS<br />

Cognizant<br />

college<br />

Colortek (Megahalya) Pvt. Ltd.<br />

COMMON WEALTH GAMES<br />

DELHI 2010<br />

Company<br />

Compugra System Inc<br />

Confidence<br />

Confidential<br />

Connect <strong>Global</strong><br />

CONSTRUCTION<br />

CONSULTING ENGINEERS<br />

LIMITED<br />

Consumer Links Mktg Pvt. Ltd.<br />

Control Component India Pvt Ltd<br />

Convergys<br />

Core Hr Services Pvt Ltd<br />

Corporate Executive Board<br />

Corporate Resources Network<br />

Corpurs Corporate Management<br />

Cosmos Learning Services Pvt<br />

Ltd<br />

Council of Scientific and<br />

Industrial Research<br />

Counsellor Career<br />

\GSR FORD PVT LTD<br />

GTTC<br />

Gujarat Institute of Desert<br />

Ecology


Gujarat Liqui Pharmacaps<br />

Pvt. Ltd.<br />

GWSSB<br />

Hangyo Ice Creams Pvt. Ltd.<br />

Hansa Education Pvt. Ltd.<br />

Hari Niwas Palace<br />

harsha motors (hero honda)<br />

Hashtech Systems Pvt. Ltd.<br />

Hassan Thermal Power Pvt<br />

Ltd<br />

HATCHJOBS<br />

hCentive, Inc.<br />

HCL<br />

HCL (TECNOLOGIES)<br />

HCL INFOSYSREMS LTD.<br />

NOIDA<br />

HDFC BANK<br />

HDFC BANK LTD<br />

HDFC SLI<br />

Health Management Research<br />

Institute, 104<br />

Healthcare<br />

Helios <strong>Global</strong> Services<br />

Helios Solutions<br />

Heritage Personnel Placement<br />

Services<br />

Hewitt<br />

Hewitt Associates<br />

Hewlett Packard<br />

Hexacorp<br />

hindustan dorr oliver limited<br />

Hindustan Dorr-Oliver Ltd.<br />

HiR Solutions<br />

HITECH SECURITY AND<br />

SAFETY SYSTEMS<br />

Hitendraa Chimni<br />

Honda<br />

Honeywell<br />

HOPES FOREVER<br />

CONSULTANCY PVT. LTD.<br />

Hotel<br />

Hotel the R blues<br />

HP<br />

HP Invent<br />

HR-ONE MANAGEMENT<br />

CONSULTANTS PVT LTD<br />

Hyderabad Media House<br />

Limited, Dr. A.S. Rao Nagar,<br />

Hyderabad - 62<br />

I Link Software Pvt Ltd<br />

IAF<br />

IBM<br />

IBM India Pvt Ltd<br />

Ican BPO Pvt. Ltd.<br />

icfai<br />

ICFAIAN Foundation for<br />

Higher Education<br />

ICICI PRUDENTIAL L.I.C.Ltd<br />

Icon Consultancy Services<br />

Identity<br />

IDMC LIMITED<br />

iDream Advisory Services Pvt.<br />

Ltd.<br />

IFOXY MEDIA SOLUTIONS<br />

iGate <strong>Global</strong> Solutions Ltd.<br />

IIHT Vadodara<br />

IIJT Computer Education<br />

IKEA TRADING HONG<br />

KONG LTD.<br />

IL&FS<br />

IL&FS Infrastructure<br />

imperial cablespvt. ltd<br />

Import -export<br />

In2M Technologies - Finicity<br />

INDIA BULLS<br />

India Professionals Solution<br />

India yamaha motor pvt ltd.<br />

Indian Army<br />

Indian Farmers Fertiliser<br />

co.Ltd(IFFCO)<br />

Indian Talent Scanners<br />

Indira Institute of <strong>Business</strong><br />

Management, Navi Mumbai<br />

Indo - Angloan<br />

INDRAPRASTHAM Pvt Ltd.<br />

infomedia 18 ltd<br />

Infostretch<br />

Infosys<br />

Infosys tech ltd<br />

Infosystems<br />

INFOTECHSTAR<br />

ING GROUP<br />

Inmantec Institutions<br />

Innopark (India) Pvt. Ltd.<br />

Inspiring Fashion<br />

Intec group of companies<br />

Intecons Software Lab<br />

Intellequire Consulting Pvt.<br />

Ltd.<br />

Intelspace Technologies<br />

Interactive Manpower<br />

Solutions Pvt. Ltd<br />

Interface Inc<br />

<strong>International</strong> center for<br />

contracting<br />

Interscience Group of<br />

Institutions<br />

InterServe World Wide<br />

INVIDA India Private Limited<br />

iRelayS<br />

IRode Microsystems Pvt. Ltd.<br />

irrigation<br />

isc trading pvt ltd<br />

IT MNC<br />

ITCOT<br />

IVRCL I&P Ltd.<br />

J K PAPERS LTD<br />

J.A. Management Consultants<br />

Pvt. Ltd<br />

J.R. LADDHA FINANCIAL<br />

SERVICES (P) LTD.<br />

JAIN INFRA PROJECTS<br />

LIMITED<br />

Jalan HealthCare Pvt Ltd<br />

Jalsa Resorts Pvt Ltd.<br />

Jay Pumps Pvt Ltd<br />

JBM Group<br />

JCO GAS PIPE LTD.<br />

JD DISTRIBUTION<br />

Jhaveri Securities Pvt Ltd<br />

JINAEHAT EXPORT PVT.LTD.<br />

Jindal Steel & Power Ltd.<br />

JIS Group<br />

JnJ Telecom Co.<br />

Job-a-mania<br />

JOBS VALLEY, INDORE<br />

JobsEnsure.com<br />

Jones Lang LaSalle Meghraj<br />

jsk industries pvt. ltd.<br />

JT INternational India Pvt Ltd<br />

JTI<br />

65


66<br />

k.e. engineering ltd Korean<br />

Group<br />

K.T.D.C Limited<br />

Kale Consultants<br />

Kalinga Cables & Conduit<br />

Company<br />

Kalpataru Power Transmission<br />

Ltd<br />

KAPSONS FASHION P LTD<br />

Karaikal Port Pvt Ltd<br />

Karmen <strong>International</strong><br />

Kaushalam Digital Private<br />

Limited<br />

Kaya Ltd<br />

Kaya Skin Cinic<br />

KCML<br />

KG Information Systems Pvt Ltd<br />

KLE Soceity’s College<br />

of Engineering and<br />

Technology,BELGAUM<br />

Komfort world Travels<br />

KOTHARI GROUP OF<br />

INSTITUTIONS<br />

KPMG Advisory Services Pvt.<br />

Ltd.<br />

Krishna Automobiles - BMW<br />

Kryptos<br />

KSK Energy Ventures Limited<br />

LAKHANI GROUP<br />

Lanson Toyota<br />

LARSEN & TOUBRO LTD<br />

Lauren Information Technologies<br />

Pvt. Ltd.,<br />

laxmi products<br />

Laxmi Solvex<br />

Leading Edge<br />

Leading Microfinance Company<br />

Legrand (I) Pvt.Ltd<br />

Lexprosoft Technologies Pvt. Ltd.<br />

lgoistics<br />

LIC OF INDIA<br />

LM Windpower<br />

LPS LTD<br />

M & M<br />

M/S Arvind Human Resources<br />

M/s BL Kashyap & Sons Ltd<br />

M/S GINNI FILAMENTS LTD<br />

M/s. Tollygunge Club Limited<br />

Maagni<br />

Mabrest hotels pvt. ltd<br />

MADRAS ENGINEERING<br />

INDUSTRIES (P) LTD<br />

Magic Insurance<br />

Maharashtra Seamless Limited<br />

MAHARASTRA HYBRID<br />

SEEDS CO. LTD.,JALNA<br />

MAHESHWARI<br />

MEGAVENTURES LTD<br />

MAITREYEE IT SERVICES<br />

PVT. LTD.<br />

Majestic People Infotech<br />

MAKINO INDIA PVT.LTD<br />

Mandate Hr Solution<br />

MANGLA APPARELS INDIA<br />

PVT.LTD.<br />

Manipal SuperSpecialty Hospital<br />

Manish Packaging Pvt.Ltd.<br />

manjri stud farm<br />

MANOKAM ( HR &<br />

Management Consultants)<br />

Mantrana Consulting P.Ltd<br />

manufacuturing<br />

Manuh Solutions<br />

Manya Education Private Limited<br />

Manya Group Private limited<br />

Maresedpal<br />

MARKETRX-CTS<br />

Mascon <strong>Global</strong> Limited<br />

Master-Mind Technologies<br />

MATES-Madison Teamworks fp<br />

& e Pvt. Ltd<br />

MAWANA SUGARS LIMITED<br />

Max New York Life Insurance<br />

Co Ltd<br />

MAYFAIR<br />

MB PLACEMENTS<br />

MBL Infrastructures Ltd<br />

MBSPL<br />

MCube Consultants<br />

Media<br />

MEENAKSHI<br />

Mercuri <strong>International</strong><br />

metro dairy limited<br />

Mind Edutainment Pvt. Ltd.<br />

Mineral Associates<br />

MINOP INNOVATIVE<br />

TECHNOLOGIES PVT. LTD.<br />

MIPL<br />

MISMO Solutions<br />

MIT Institute of design<br />

MITCON<br />

mithra agencies maruti Suzuki<br />

MNC<br />

MNC, Chennai<br />

Mobius Consultants Pvt. Ltd<br />

Modern institute of technology<br />

and managment<br />

Modi Apollo <strong>International</strong> Group<br />

Pvt Ltd<br />

MORARJEE TEXTILES LTD<br />

MRL Agencies<br />

msb services<br />

MSIL Dealership<br />

MSRSAS<br />

MSSL<br />

Mudra Life Style Ltd.<br />

MUKUL INDIA<br />

Multimodal Freight System Pvt<br />

Ltd<br />

Myrmidon Consulting<br />

NA<br />

NATIONAL ALUMINIUM<br />

COMPANY LIMITED<br />

National Institute of Management<br />

NATURAL OGANIC<br />

CERTIFICATION AGENCY<br />

Neemtree Consulting<br />

Neeti Solutions Pvt. Ltd.<br />

Neha Creations<br />

Nephron<br />

Netmatrix Solutions<br />

News Today Pvt Limited,<br />

Hyderabad<br />

NFIL<br />

NHB bearings Ltd<br />

nil<br />

NIPS EDUCATION<br />

Niston tools a research centre<br />

Nitco Tiles<br />

Nkspt IOM Badnapur<br />

NOIDA INSTITUTE OF


MANAGEMENT STUDIES<br />

Noida Power Company Limited<br />

Nokia Siemens Networks<br />

NOT WORKING<br />

Not working looking for job<br />

Nouveau Multimedaia Limited<br />

NOVARTIS PHARMA<br />

NPT<br />

NTL ELECTRONICS INDIA<br />

LTD<br />

ntpc<br />

Nurture HR and Training<br />

Resource (P) Limited<br />

NYK LINE INDIA LTD<br />

Ocean Group<br />

Oceans Connect (I) Pvt Ltd<br />

odeon builders pvt ltd new delhi<br />

Omega petrochemicals pvt ltd<br />

omne<br />

Oracle Financial Services<br />

orbit corp ltd<br />

orchid soultions ltd<br />

Ordnance Factory Trichy<br />

ORISSA MANGANESE &<br />

MINERALS LTD.<br />

ource <strong>Global</strong> Consulting Pvt Ltd<br />

Outline Systems Inc.<br />

OutReach Consultants Pvt. Ltd<br />

P.E. ENGINEERS PVT. LTD.<br />

Paddy Field Creative Services<br />

(P) Ltd.<br />

PANALFA AUTOELEKTRIK<br />

LIMITED<br />

Pandit Automotive Pvt Ltd<br />

Patni Computers Systems LTD<br />

PDIMTR<br />

Percept Limited<br />

perfect placement<br />

Petro Constructors (P) Ltd<br />

Pharmaceutical<br />

PHILLIPS CARBON BLACK<br />

LIMITED<br />

pinnacle<br />

place careers<br />

Planman HR<br />

Plastene India Ltd<br />

Platinum Consultants<br />

Plug HR<br />

PMS GROUP<br />

Pondicherry<br />

population services international<br />

Potain India Private Limited<br />

POWERCOM PATIALA<br />

PPD<br />

PPG Group<br />

Pragmatic N HR Services<br />

Praneel technologies<br />

Pratibha Group<br />

Prayag Software Solutions Pvt.<br />

Ltd.<br />

Preciman Consulting<br />

PREMIER EDUCATION<br />

SOCIETY<br />

Previously worked in Leonia<br />

HOlistic Resort Pvt. Ltd<br />

Hyderabad<br />

Prexus Health India Pvt. Ltd.<br />

Pride Purple Group<br />

Primavera Mnagement Solutions<br />

Pvt Ltd<br />

Primeone Work Pvt. Ldt.<br />

PRIYATAM INSTITUTE OF<br />

TECHNO. & MGT.<br />

Prodigy Communications<br />

Property Solutions (I) Pvt. Ltd.<br />

Proteck<br />

PRUMATECH<br />

PSS<br />

PTG<br />

Pumasource Ltd<br />

Pure Information Technology<br />

pushpanjali crosslay hospital<br />

Quad Electronics Pvt Ltd<br />

Qualiant Learning services<br />

division of HK Webguru<br />

R J ROSARIO & ASSOCIATES<br />

R R Legal Consultants<br />

Rajdeep Group<br />

RAMKRIOSHNA FORGINGS<br />

LIMITED<br />

Rapid HR<br />

Raychem RPG ( RPG Group)<br />

Recon Oil India Pvt Ltd.<br />

Reliance Communications<br />

Reliance Retail Ltd<br />

Religare Enterprises Ltd<br />

Religare Technologies Limited<br />

Reservation Data Maintenance<br />

India Private Limited<br />

RESONANCE<br />

resun pharma<br />

Reynold india Pvt .Ltd. Noida<br />

U.P. ( india<br />

Right Advisors<br />

RIL<br />

RK CONSULTING &<br />

EXECUTIVE SEARCH<br />

SOLUTIONS<br />

RLS<br />

Robert Bosch<br />

Rohan Motors LTd<br />

Roop Polymers Limited<br />

Roy Management Consultancy<br />

Servies<br />

Royal Sun Alliance Insurance<br />

Company Ltd<br />

RPKR ENTERPRISE<br />

Rubicon Research Pvt. Ltd.<br />

Ruby Consultancy<br />

Rungta Group<br />

S.A.M.Overseas<br />

Sahayta Careeristics Pvt. LTd.<br />

Sahil Enterprises<br />

SAI People Solutions<br />

Sai Placement<br />

Sai Spurthi Agro Tech Pvt ltd<br />

SAIL:<br />

Saint-Gobain<br />

SAIPEM INDIA PROJECT LTD<br />

San Enterprises<br />

SAN Management Consultancy<br />

Sanguine<br />

Sankhyaa Learning Private<br />

Limited - HeyMath!<br />

Sante Mernaud Pharmaceuticals<br />

Pvt ltd<br />

SAP India Pvt Ltd<br />

Saraswathy Consultancy India<br />

pvt Ltd<br />

Sarda Group of Companies<br />

Sarla Fabric Pvt. Ltd. Mohan<br />

67


68<br />

Nagar Ghaziabad (UP)<br />

SASHA EXPORT UNIT OF<br />

SASHA ASSOCIATION FOR<br />

CRAFT PRODUCERS<br />

Sathavahana Ispath Ltd<br />

Sat-n-Merc Manpower Consultant<br />

satyam iron & steel co. pvt. ltd<br />

SAVI INFOSERVICES INDIA<br />

PVT LTD<br />

Saviance Technologies Pvt. Ltd.<br />

SAVIOUR PLACEMENT &<br />

CONSULTANCY SERVICES<br />

sayvaa<br />

Scillz Management Consulting<br />

Pvt Ltd<br />

SCOPE <strong>International</strong><br />

Security & Personnel Services<br />

Pvt Ltd<br />

Seiso Consultants<br />

Semikron Electronics Pvt Ltd<br />

SENTINELS SECURITY PVT<br />

LTD<br />

Servista technologies<br />

Sewara Hospitality &<br />

Development<br />

SFMC Pvt Ltd Co<br />

Sheela Foam Pvt. Ltd.<br />

Shell n Pearl Ceramics<br />

Shell Transource Ltd<br />

shewalkar developers ltd nagpur<br />

Shian Services Pvt Ltd<br />

Shiel Trade Venture Pvt. Ltd.<br />

SHM Infotech Pvt. Ltd.<br />

SHOPPERS STOP<br />

Showa India Pvt. Ltd.<br />

SHREE INSTITUTE OF<br />

SCIENCE AND TECHNOLOGY<br />

BHOPAL<br />

Shriram Life Insurance<br />

SIBM Pune<br />

Sightsavers<br />

SIGNJOBS.COM<br />

Silicon Biztech Pvt Ltd<br />

Siscon Technologist Pvt Ltd<br />

SKP Securities Ltd<br />

SKS MICROFINANCE LTD<br />

SmartSearch Manpower<br />

Consulting (I) Pvt. Ltd<br />

SMS Consultants<br />

SNORG consultants Pvt ltd<br />

SOAIS<br />

Social Awareness & Varied<br />

Education<br />

Sofomation<br />

SOFTWARE<br />

Sourabh <strong>International</strong><br />

Sparc Technologies<br />

Spencer’s Retail Limited<br />

SQL STAR LTD<br />

Sri Sumeru Realty Private<br />

Limited<br />

Srijanresourcemanagement<br />

SSC net Education PVT LTd<br />

SSI MANAGEMENT<br />

CONSULTANT<br />

STAFFING COMPANY<br />

Star Health & Allied Insurance<br />

Statcon Power Controls Ltd.<br />

Stelmec Limited<br />

STEPS<br />

Sterling Port Limited<br />

Strag Designers Pvt. Ltd.<br />

Subros Ltd<br />

Suguna<br />

SUN HOSPITAL PVT. LTD,<br />

Sun Life Financial<br />

Sun Technologies<br />

SURYA ROSHNI LIMITED<br />

Sutherland <strong>Global</strong> Services<br />

Suvidhaa Infoserve P. Ltd.<br />

Suzlon Energy Limited, Pune<br />

Swami Vivekanand Inst. of<br />

Technology<br />

Swanya international<br />

SWASTI GROUP<br />

Symbiosis<br />

Synapse Information Services<br />

Pvt Ltd<br />

TACO Composites Ltd.<br />

Taj Group<br />

Taj Management Network<br />

Talbros Automotive Components<br />

Ltd.<br />

Talent Fusion<br />

TALENT PRO INDIA HR Pvt<br />

Ltd<br />

Tamil Nadu Electricity Board<br />

TANFAC Industries Limited<br />

Tangent consultants/nautilus<br />

shipping<br />

Tata BlueScope Steel Limited<br />

Tata Chemicals Limited<br />

TATA CHEMICALS LTD<br />

Tata Sky<br />

TATA STEEL LTD,<br />

JAMSHEDPUR<br />

TCL<br />

TCP SECURITIES LIMITED<br />

TCS<br />

TCS (left)<br />

TCS e-Serve<br />

TECHNO INSTRUMENTS<br />

Techprocess Solutions Ltd<br />

Tenon<br />

Testingczars<br />

The Focus India<br />

THE INSTITUTE OF<br />

COMPANY SECRETARIES OF<br />

INDIA<br />

The Nielsen Company India<br />

The Orchid Hotel<br />

The Samaritan Consultants<br />

The tata power Company Ltd.<br />

thiraviam orthopaedic hospital<br />

ThreeC IT Consulting<br />

Times <strong>Business</strong> Sol<br />

Times <strong>Business</strong> Solutions Limited<br />

TLI<br />

TNS<br />

Toluna<br />

TRANS WORLD<br />

Transasia Bio Medicals Ltd.<br />

TransForm Solution Pvt Ltd<br />

Travel Point, Hyderabad<br />

Treadstone Ltd;<br />

Treat Consultancy<br />

Trident microfin pvt Ltd<br />

TRIDENT MICROFIN PVT. LTD<br />

Turing Softwares<br />

TutorVista<br />

TVS Infotech


TVS Interconnect Systems<br />

Limited<br />

Tyco Fire & Security India<br />

Private Limited<br />

UL MSS India Prrivate Limited<br />

unicef<br />

Uniconnect<br />

UNILEVER<br />

Univa Technologies Pte; Ltd.<br />

UPMAN CONSULTANTS PVT<br />

LTD<br />

Urjja resources<br />

USHAKIRON MOVIES<br />

LIMITED<br />

V V Mineral<br />

V. Ships India Pvt. Ltd<br />

V3 Staffing Solutions<br />

VAKS ONLINE SERVICES<br />

Vardhman Special Steel Ludhiana<br />

Varuna Roadlines Pvt lTD [ Retd]<br />

VBeyond Corporation<br />

VCK Shares and Stocks<br />

venus garments ltd<br />

VICTOIRE CONSULTANTS<br />

PRIVATE LIMITED<br />

Videocon<br />

Videocon Telecommunication Ltd<br />

Vigyan Prasar<br />

VIHTM<br />

Vijayshanthi Builders<br />

Vikas Educational Society<br />

Vimal Fire Controls Pvt. Ltd.<br />

Vinayak Consultants<br />

Virtual Soft It Solution<br />

Visaka Industries Ltd<br />

vision unlimited<br />

VI-SON GROUP OF COS<br />

Vistar Motors Goa Pvt. Ltd.<br />

Vitasta Consulting Pvt. Ltd<br />

Viveka Solutions, Nagpur<br />

Vmarsh Textile Consultancy<br />

Services (P) Ltd<br />

Volt<br />

Vriksh Consulting Pvt Ltd<br />

Wartsila India Ltd<br />

Waters India<br />

Wcities Content solution India<br />

Pvt Ltd<br />

Welling Consultant<br />

welspun india<br />

WI<br />

Williams Lea<br />

Wingss Enterprises<br />

Winman Consulting<br />

Wipro<br />

Wipro Ltd.<br />

WLC COLLEGE INDIA<br />

WLC, Lucknow<br />

WNS <strong>Global</strong> Services<br />

Work Protocols<br />

WORLD CLASS SERVICES<br />

www.callcandidate.com<br />

Xon Advertising<br />

Yantra Automation Pvt. Ltd.<br />

YKM GROUP - HYDERABAD<br />

Zenith Industrial Rubber Products<br />

Zuari Cements<br />

Zuventus Healthcare Ltd<br />

INDONESIA<br />

Bandung State Polytechnic<br />

(POLBAN)<br />

BOGOR AGRICULTURAL xx<br />

BP<br />

DCI<br />

PT Freeport Indonesia<br />

PT UPGRADED BROWN COAL<br />

INDONESIA<br />

PT. M-I Indonesia<br />

PT. Putri Mandi<br />

IRAN<br />

BIRLA SUN LIFE<br />

Dr. Zakir Husain and IIBM Group<br />

of Institutions<br />

Indian Air Force<br />

National Iranian Gas Co.<br />

national iranian oil company<br />

ROHAN BUILDERS<br />

SEISCO<br />

IRELAND<br />

Accenture<br />

ARV<br />

Avaeon Solutions Ltd<br />

Avaya<br />

Bridge Consulting<br />

Cara Partners<br />

Centre for Housing Research<br />

Cisco<br />

Coffey Construction Ltd.<br />

Cordis<br />

Crash Ensemble<br />

DCU<br />

Deloitte<br />

Deloitte & Touche<br />

EireComposites<br />

ÉireComposites Teo.<br />

Eurofound<br />

Fidelity Investments<br />

Friends First<br />

Irish Distiller Pernod Ricard<br />

Malone O’Regan<br />

Matheson Ormsby Prentice<br />

MCS Kenny<br />

Midland Regional Hospital,<br />

Tullamore<br />

Oracle<br />

P&G<br />

PricewaterhouseCoopers<br />

SRI Group<br />

State Street<br />

Vivasure<br />

ITALY<br />

A.T. Kearney<br />

AESYS SPA<br />

Alstom Power<br />

ARNOLDO MONDADORI<br />

EDITORE<br />

BIALETTI INDUSTRIE<br />

Booz & Company Italia Srl<br />

Boston Consulting Group<br />

Cerved Group<br />

compass<br />

CSP Spa<br />

DELOITTE CONSULTING s.p.a.<br />

EMMEGI S.P.A.<br />

Enel SpA<br />

Ernst & Young<br />

Euro Motors Italia<br />

69


АО “Aibn Asset Management”<br />

АО “НИТ”<br />

АО Банк ЦентрКредит<br />

АО МНК “КазМунайТениз”<br />

БТА Банк<br />

ГУ “Семей орманы”<br />

ГУ “Учебно-компьютерный<br />

центр Интеллект”<br />

доктор ватсон<br />

Казкоммерцбанк<br />

Клуб бизнес-тренеров<br />

кпк<br />

Народный Банк<br />

Народный банк Казахзстана<br />

Нэтвэлл<br />

СКФ ГУ Национальный Банк<br />

РК<br />

ТОО “Agency “Asia Direct”<br />

ТОО<br />

KENYA<br />

Portside Freight Terminals<br />

Limited<br />

ToughStuff<br />

KUWAIT<br />

KIPCO Asset Management Co.<br />

KYRGYZSTAN<br />

Mm<br />

GM DAT<br />

LIBYA<br />

AECOM<br />

Punj Lloyd Limited<br />

LITHUANIA<br />

Danske bank A/S Lithuania<br />

branch<br />

Eastern Europe Studies Centre<br />

Lietuvos draudimas (RSA gruop)<br />

Onninen<br />

Siauliai labour market training<br />

and counselling office<br />

UAB Galinta ir partneriai<br />

LUXEMBOURG<br />

ArcelorMittal FCE<br />

Brown Brothers Harriman<br />

Dexia BIL<br />

Luxair S.A.<br />

MACEDONIA<br />

ONE MK<br />

Seavus Group<br />

MALAYSIA<br />

Alba Links Ltd<br />

Buzznet Sdn. Bhd.<br />

Ernst & Young<br />

IJM (India) Infrastructure Ltd<br />

Intel<br />

Murphy Sarawak Oil Co., Ltd<br />

Ole Ole Ummy<br />

PricewaterhouseCoopers<br />

Questnet Limited<br />

Seagate Technology<br />

SMK Electronics (M) Sdn Bhd<br />

MEXICO<br />

Abbott Laboratories México<br />

Adecco<br />

ADsourcing<br />

APOYO LOGISTICO MARINO<br />

APRENDE SOLUCIONES<br />

ASESORES Y CONSULTORES,<br />

SC<br />

ASESORH, S.A. de C.V.<br />

ASTRAZENECA<br />

Axon Interconex SA de CV<br />

Baker Hughes<br />

Becherano Arquitectos<br />

BEST PEOPLE<br />

Boehringer Ingelheim<br />

BP<br />

CAF MEXICO SA DE CV<br />

Caja de Previsión de la Policía<br />

Preventiva del GDF<br />

Casa Pedro Domecq - Pernod<br />

Ricard<br />

CASAS QUMA<br />

COCONAL, S.A. DE C.V.<br />

Consultoria RecHum, S.C.<br />

Copivall<br />

Corning Mexicana S.A. de C.V.<br />

Credifiel<br />

CTEC COMPETENCIAS<br />

LABORALES<br />

DC Mayorista<br />

DESC CORPORATIVO SA DE<br />

CV<br />

Deutsche Post DHL<br />

Edit, SA<br />

Esselte<br />

Evalorem<br />

FINASTRATEGY<br />

Galletas Juanita S.A. de C.V.<br />

Gayosso<br />

GDF SUEZ<br />

graficos mundial<br />

Grupo Ayvi<br />

GRUPO FORESTAL IND<br />

MEXICANO SA DE CV<br />

Grupo Matcapan Tabacos sa de cv<br />

GRUPO MAYAN PUERTO<br />

PEÑASCO<br />

Grupo Mexicano de Desarrollo<br />

S.A.B.<br />

GRUPO SIMOSE<br />

GSIM<br />

Hersheys Mexico<br />

Hoatsa / Hermes<br />

Hospital Fatima Los Mochis<br />

Sinaloa<br />

HUMAN FACTOR<br />

INSTITUTO FEDERAL<br />

ELECTORAL<br />

Ironbit<br />

ITR - Turborreactores<br />

KidZania La Ciudad de los Niños<br />

KOH MEX, SERVICE, SA DE<br />

CV<br />

Kronos de Mexico<br />

Kühne Nagel<br />

L. Picard Soluciones Financieras<br />

LOS PIONEROS<br />

MACVAZ: Impelling Human<br />

Capital<br />

MANUFACTURAS<br />

METALICAS AJAX, S.A DE<br />

C.V<br />

Maracu5<br />

71


72<br />

Marcatel COM<br />

MAXCOM<br />

TELECOMUNICACIONES<br />

MEAD JOHNSON<br />

NUTRITIONS<br />

Mercaei S.A de C.V<br />

Merrill Lynch<br />

Metal Eutectic<br />

MFG INDUSTRIAL,S.A. DE<br />

C.V.<br />

Microsoft<br />

Plexus consultoria<br />

PRESTADORA DE SERVICIOS<br />

ALA IND. DEL METAL<br />

PRICE SHOES MEXICO<br />

PricewaterhouseCoopers SC<br />

Produsctos Ideal de Mexico SA<br />

de CV<br />

Pryco Servicios<br />

QUALITY AT WORK, S.A. DE<br />

C.V.<br />

Randstad<br />

sat<br />

Schneider Electric<br />

Sears<br />

SECONASE<br />

Siemens<br />

Sigal servicios en Admon/<br />

Sigpack.<br />

SISCOMV TECNOLOGIA<br />

AVANZADA, S.A. DE C.V.<br />

Sportium Club, México<br />

The Coca-Cola Company<br />

The Nielsen Company<br />

Unisem, S.A. de C.V.<br />

UNISYS<br />

Ups<br />

Viajes Chao<br />

VIVEICA<br />

ViveIntellego<br />

WAL MART SRL DE CV<br />

MOLDOVA<br />

Endava<br />

NEPAL<br />

Kathmandu Upatyaka Khanepani<br />

Limited<br />

NETHERLANDS<br />

Aon Group Netherlands<br />

Booz & Company<br />

CFS B.V.<br />

Dräger Safety Nederland B.V.<br />

Freshfields Bruckhaus Deringer<br />

GarantiBank <strong>International</strong> N.V.<br />

ING Group<br />

McKinsey<br />

Ministry of Justice<br />

Ministry of Justice<br />

MSA<br />

n90<br />

Nysingh advocaten-notarissen NV<br />

Penske<br />

Philips<br />

Randstad<br />

Robeco<br />

Schiphol Group<br />

Tyco Flow Control<br />

NEW ZEALAND<br />

ADHB<br />

AgResearch<br />

Bell Gully<br />

Colliers <strong>International</strong> New<br />

Zealand Ltd<br />

Corrections Department<br />

ERMA New Zealand<br />

Fonterra<br />

Holmes Consulting Group<br />

KPMG<br />

KS<br />

Meridian Energy<br />

MetService<br />

Ministry for Culture and Heritage<br />

Reserve Bank of New Zealand<br />

Schneider Electric<br />

Scion<br />

Traffic Design Group Ltd<br />

Transpower New Zealand Limited<br />

NIGERIA<br />

Nestle Nigeria Plc<br />

NORWAY<br />

Aibel AS<br />

Arkwright Norway<br />

Deloitte<br />

DNV<br />

Microsoft<br />

SINTEF<br />

The Boston Consulting Group<br />

TrygVesta<br />

OMAN<br />

Al-Khalij Heavy<br />

equipments&Engg.Llc<br />

BDI<br />

Daewoo Engineering<br />

Infrastructure Development Co.<br />

KR<br />

LARSEN & TOUBRO<br />

Majan mining company<br />

Oman Arab Bank<br />

Public Establishment of Industrial<br />

Estates<br />

PAKISTAN<br />

GETS<br />

Ministry of agriculture<br />

NUST DELETE<br />

o2<br />

Oil extraction<br />

RAHNUMA FPAP, PAKISTAN<br />

S.Abdulla<br />

Scotmann Pharmaceuticals &<br />

Wilsons (Luxury Retail)<br />

Shamal Medai Services<br />

SVA Ruba Group<br />

PERU<br />

Alimentos Procesados S.A.<br />

APC Corporacion S.A.<br />

Corporación Mara S.A.<br />

Fundación Contra el Hambre en<br />

el Callao<br />

Geokinetics<br />

Gisselly’s Line<br />

HPI<br />

Iccgsa<br />

indumotora


INGMEDIOS<br />

Rústica<br />

sodexo peru sac<br />

Tecnocom<br />

TEXTIL CREDISA<br />

TOMOCORP SAC<br />

PHILIPPINES<br />

Access Worldwide Philippines<br />

Inc.<br />

Aegis PeopleSupport<br />

Azeus Systems Philippines<br />

City Government<br />

Deutsche Knowledge Services<br />

ING Bank N.V.<br />

lgu kolambugan, lanao del norte<br />

Local Government Unit of<br />

Maitum<br />

Manabat Delgado Amper & Co<br />

Monde Nissin Corporation<br />

WideOut Technology Services<br />

Incorporated<br />

POLAND<br />

abc<br />

ABC DATA Centrum Edukacyjne<br />

Sp.z.o.o.<br />

Agena Development S.A.<br />

Alexander Mann Solutions<br />

Allianz<br />

APPKB DESCON sp. z o.o.<br />

Autentika<br />

Bank Pekao SA<br />

<strong>Business</strong> Consulting Iwona<br />

Szybka<br />

Casimir Pulaski Foundation<br />

CEPD<br />

Chronos <strong>International</strong> Ltd<br />

Citibank <strong>International</strong> Plc Polish<br />

branch<br />

Citigroup<br />

Computaris Poland<br />

Comtegra Sp. z o.o.<br />

Covance<br />

Diversa Talentor<br />

Dr Irena Eris<br />

ECDDP Outsourcing Sp. z o.o.<br />

Giano Consulting<br />

GPP Poland Sp. z o.o.<br />

Green Park Consultants Ltd.<br />

Hortex Holding S.A.<br />

IBM Poland<br />

ITalents S.A.<br />

JM TRONIC Limited Liability<br />

Company<br />

Katcon Polska<br />

Koettermann<br />

KOSMEPOL<br />

Kraft Foods Poland<br />

LYRECO PL<br />

MAW Telecom<br />

MicroStrategy Poland<br />

Mobica Limited Sp. z o.o.<br />

MSOURCE<br />

NTP<br />

Orbis (a part of Accor Group)<br />

P.W. Maroma Com Sp. z o.o.<br />

PayPal Polska Sp. z o.o.<br />

Peek Traffic<br />

Pentor Research <strong>International</strong><br />

Personnel Agency<br />

Plastal<br />

Posterus Sp. z o.o.<br />

Reckitt Benckiser<br />

Red Bull<br />

Seal Concept Polska Sp. z o.o.<br />

shepherd institute<br />

Skanska S.A.<br />

TGMPARTNER<br />

TUnŻ Cardif Polska S.A.<br />

URSA<br />

WHM Polska<br />

LABORAL CONSULTING SAC<br />

PORTUGAL<br />

Blueworks - Medical Expert<br />

Diagnosis<br />

DIAGEO PORTUGAL<br />

Efacec<br />

ISA - Intelligent Sensing<br />

Anywhere, S.A.<br />

Procter & Gamble de Portugal<br />

Resiquímica - Resinas Químicas,<br />

SA<br />

SUBIC BAY METROPOLITAN<br />

AUTHORITY<br />

QATAR<br />

CBM-AFRINA LLC<br />

Landmark Group<br />

Orion Project Services WLL<br />

Shell<br />

TFI<br />

the look company<br />

Toyota Qatar<br />

ROMANIA<br />

ADM FARM<br />

Advice EMA Partners<br />

Aerotravel<br />

Agricover Group of Companies<br />

AIR LIQUIDE ROMANIA<br />

Alter Ego Services<br />

Apropo Media<br />

ARDAF SA<br />

ASSA ABLOY ROMANIA<br />

AstraZeneca<br />

Auto Cobalcescu<br />

Banca Transilvania SA<br />

BDO Romania<br />

BP<br />

Brainer Consulting LTD<br />

cabinet pari<br />

CDM<br />

CEC Bank<br />

CENTROFARM<br />

Cetelem IFN SA<br />

CLUBUL DIPLOMATIC<br />

BUCURESTI<br />

Combo Trading<br />

CONNECTRONICS ROMANIA<br />

SRL<br />

CRSC Europe<br />

CTM<br />

Deloitte<br />

Electrolux Romania<br />

Elmec Romania<br />

EMPORIKI BANK<br />

Ensight Management Consulting<br />

EUCOM ROMANIA<br />

73


74<br />

Forestar SA<br />

Freescale<br />

G4S<br />

GENESYS SYSTEMS RO<br />

Georg Fischer Piping<br />

Groupama Asigurari<br />

GSK CHC<br />

Heineken Romania<br />

hr management club<br />

IMSAT SA<br />

ING Asigurari de Viata<br />

ING Bank Romania<br />

InnerLook<br />

ITOL<br />

Iventa Management Consulting<br />

J’INFO TRAINING Ltd.<br />

JW Marriott Bucharest Grand<br />

Hotel<br />

JW Marriott Bucharest Grand<br />

Hotel<br />

Lifelong Learning Solutions Ltd<br />

Meridian<br />

Metri&VTO<br />

METROUL<br />

MMM Consulting Intl<br />

NCH Advisors INC<br />

Netbridge Services<br />

niciaia<br />

OMV Petrom<br />

Oracle<br />

Perform HR<br />

PerformHR<br />

PIC<br />

Piraeus Bank Romania<br />

QUEHENBERGER LOGISTICS<br />

ROU SRL<br />

RAUTAKIRJA ROMANIA,<br />

R-KIOSK ROMANIA SA<br />

Renault Technologie Roumanie<br />

robot srl<br />

Romanian Public Radio<br />

S.C. CASA NOASTRA S.R.L.<br />

S.C. COVALACT S.A.<br />

SAP Romania<br />

SBS Broadcasting Media<br />

SC Adevarul Holding SRL<br />

SC IMSAT SA<br />

SC PIETROASA SA BUZAU<br />

ROMANIA<br />

SC Piritex SA<br />

SC PROFIPET COM SRL<br />

SC Seth & Partner Consultanta srl<br />

SC SMART SIGMA SRL<br />

SNACK ATTACK SRL<br />

Steilmann Romania<br />

Step Ahead<br />

Supreme<br />

TEHNOELECTRIC SERV SRL<br />

Telelink Services Romania<br />

Trenkwalder<br />

UniCredit Leasing Corporation<br />

IFN SA<br />

UniCredit Tiriac Bank<br />

United System of Instant<br />

Payments Ro<br />

Vimetco<br />

Vodafone Romania<br />

Wipro Technologies<br />

RUSSIA<br />

Adidas Group<br />

Admiral<br />

aesfasdf asdfasdf<br />

ALICO<br />

American Express Bank LLC,<br />

Russia<br />

AstraZeneca Russia<br />

AstraZeneca UK ltd<br />

Barclays Bank Russia<br />

British American Tobacco<br />

CapacityPro<br />

Caterpillar<br />

CBS ERP<br />

CIFAL<br />

CiV Life<br />

Commerzbank Eurasija ZAO<br />

DIEBOLD<br />

ECRO Research Group<br />

EDC<br />

Eli Lilly<br />

Ernst & Young<br />

Ernst&Young<br />

Gazprombank<br />

GEONEFTEGAZ<br />

GRP-Service КГ КОНСОРТ<br />

H.J.Heinz<br />

Heineken<br />

Heinz Russia<br />

IBS<br />

Intel Corporation<br />

Olga<br />

Kimberly-Clark<br />

Knight Frank<br />

KPMG<br />

Manpower CIS LLC<br />

MegaFon<br />

Merck Sharp & Dohme Idea, Inc.<br />

Mettler Toledo<br />

Microsoft Russia<br />

MLG<br />

Mobile Telesystems<br />

Morgan Hun<br />

Nestle<br />

Nestle Russia<br />

newspaper rostov don<br />

Novartis Consumer Health,<br />

Russia<br />

Novartis Pharma<br />

Otis Eastern Europe<br />

OTP Bank Russia<br />

Pharm - Project M<br />

Pharmacy chain “36,6”<br />

PricewaterhouseCoopers<br />

PricewaterhouseCoopers Russia<br />

B.V.<br />

Renaissance Credit<br />

Renault<br />

RUSFIC LLC<br />

Sanofi-aventis<br />

Shtokman project<br />

Sistema JSFC<br />

SPD<br />

Sperry Sun<br />

TCHIBO CIS LLC<br />

Telematics ltd.<br />

TNK-BP<br />

Town newspaper Rostov-Don<br />

UPM-Kymmene<br />

WestCall Telecommunications<br />

Аbsolut bank<br />

Администрация города Шахты


АНО “Агентство кадровых<br />

решений”<br />

АО “Конфеты Караганды”<br />

Банк ДельтаКредит<br />

БДО Россия<br />

Газпромнефть Марин Бункер<br />

ГП “РЕСТЭК”<br />

Группа Компаний васаби<br />

Группа Си-Ай-Джи<br />

ГЭНДАЛЬФ<br />

ЗАО “Грант Торнтон”<br />

ЗАО “Донская кондитерская<br />

фабрика”<br />

ЗАО “Колгейт-Палмолив”<br />

ЗАО “НПО “Знамя труда им.<br />

И.И. Лепсе”<br />

ЗАО “Пивоварня Москва-Эфес”<br />

Келли Сервисез<br />

Корпорация “Союз”<br />

Нестле<br />

ОАО “МДМ Банк”<br />

ОАО “НК “Роснефть”<br />

ОАО “Ростелеком”<br />

ОАО “ТрансКредитБанк”<br />

ООО “Мастер Профиль”<br />

ООО “Океан”<br />

ООО “РДВ-медиа”<br />

ООО “Росгосстрах”<br />

ООО “Технологии Бизнеса”<br />

ООО “Управляющая компания<br />

“Река-Море”<br />

ООО “Эйвон Бьюти Продактс<br />

Компани”<br />

ООО “ЭЛИТА-Дон”<br />

ООО “Южный город”<br />

ООО Роберт Бош<br />

РЕСО - Гарантия<br />

Рустико<br />

СБЕРБАНКА РОССИИ ОАО<br />

СРЕДНЕРУССКИЙ БАНК<br />

ТНК-ВР<br />

ТНК-ВР Менеджмент<br />

Тройка Диалог<br />

Управляющая компания<br />

“Гранти”, ООО<br />

Холдинг RBI<br />

RWANDA<br />

VB Leasing<br />

SAMOA<br />

Konsensia<br />

SAUDI ARABIA<br />

A.M.AL-ISSA CONSULTING<br />

ENGINEERS<br />

Abdul Latif Jameel Co.<br />

Abdul Latif Jameel Group<br />

Abdullah A.M. Al Khodari Sons<br />

Co<br />

Acxiom MENA<br />

Al Rashed Food company Ltd<br />

ALBAIK Food Systems<br />

Ibn Zahr<br />

KPMG<br />

Microsoft Arabia<br />

OILWELL7.com<br />

RAPCO GROUP<br />

RTFES<br />

Saleh Hamad Al-Qahtani est.<br />

SAMSUNG ENGINEERING<br />

saudi aramco<br />

sbg<br />

SUMMIT SAUDIA<br />

SERBIA AND MONTENEGRO<br />

Apatinska pivara<br />

Human Resource Consulting<br />

ICAP Serbia<br />

IWA<br />

Mediabrands<br />

Serbian Association of Employers<br />

Telenor d.o.o.<br />

Telenor Serbia<br />

World Vision<br />

YUnet Internaional<br />

SINGAPORE<br />

Accenture<br />

Ascendas Private Limited<br />

CB&I Lummus<br />

Citigroup<br />

Egress Recruiters<br />

Fitness First<br />

Johnson & Johnson<br />

Ministry of Trade & Industry<br />

Molex Far East South Mgmt Co<br />

PTe Ltd<br />

Nomura Singapore Limited<br />

PARKWAY HEALTH<br />

Republic Polytechnic<br />

Rolls-Royce Singapore Pte Ltd<br />

Schlumberger<br />

Shell Eastern Trading Ltd.<br />

Singapore<br />

Singapore Polytechnic<br />

Singapore Youth Olympic<br />

Organizing Comittee<br />

Standard Chartered Bank<br />

TOTAL OIL<br />

Unilever<br />

SLOVAKIA<br />

VSE Slovakia<br />

SLOVENIA<br />

Airport Ljubljana (Aerodrom<br />

Ljubljana, d.d.)<br />

Bioiks<br />

Krka<br />

Mobitel, d.d.<br />

SLovenia<br />

SOUTH AFRICA<br />

Altech UEC (Pty) Ltd<br />

BTS<br />

CSIR<br />

Edcon<br />

South African Revenue Service<br />

Sulzer Chemtech (Pty) Ltd<br />

Wine People Trading cc<br />

SOUTH KOREA<br />

(주)한진해운<br />

ASK Now-ETO<br />

Ernst & Young<br />

GM DAEWOO<br />

Hyundai Corporation<br />

JS & F, Inc.<br />

KAIST (Korea Advanced Institute<br />

75


Consultancy Services<br />

Salvutich, Carlsberg group<br />

SC Johnson<br />

Shell<br />

Syngenta Ukraine<br />

System Capital Management<br />

Terrasoft<br />

The PBN Company<br />

The State Export-Import Bank of<br />

Ukraine (JSC Ukreximbank)<br />

Ukrne<br />

Ukrsibbank<br />

Ukrsotsbank<br />

Unique coefficient<br />

Winner Imports Ukraine<br />

АО “Эрсте Банк” (публичное)<br />

АСТРА БАНК<br />

АТ “Райффайзен Банк Аваль”<br />

Бош<br />

Витмарк - Украина<br />

ДТЭК<br />

ЗАО “Сегодня Мультимедиа”<br />

ИНТЕРПАЙП<br />

ИСК “АЗБИ”<br />

ЛКГ<br />

Международный<br />

автомобильный холдинг<br />

“Атлант - М”<br />

Мировой центр данных по<br />

геоинформатике и устойчивому<br />

развитию<br />

Мэри Кэй (Украина) Лтд<br />

ООО “Звёзды энтерпрайз”<br />

ООО ДЦ Украина<br />

ПАО “Платинум Банк”<br />

ПЗУ Украина” и “ПЗУ Украина<br />

страхование жизни<br />

Райффайзен Банк Аваль<br />

рекрутинговая компания<br />

Астрагал<br />

СЕБ Банк<br />

Ситроникс ИТ<br />

ЮФ “Саенко Харенко”<br />

UNITED ARAB EMIRATES<br />

ABC Cons.<br />

abu dhabi commercial bank<br />

Al Futtaim Group<br />

Al Ghurair Food<br />

Al Zubair General Trading Est<br />

American of Sharjah<br />

ANCG<br />

ARABIAN CONSTRUCTION<br />

CO.<br />

ARABTEC<br />

Asawer Oil & Gas FZE<br />

Ascent <strong>Business</strong> Consultants<br />

Bayt.com<br />

bnt<br />

BT<br />

Capitala<br />

Crown Prince Court<br />

DUBAI ALUMINIUM CO LTD<br />

Dubai Media Incorporated<br />

Dubai Petroleum<br />

Dubai Silicon Oasis Authority<br />

Emirates National Factory for<br />

Plastics<br />

EmiratesNBD<br />

EnviTech Middle East for Energy<br />

and Water<br />

ETA Ascon Group<br />

EXCEL INDUSTRY CO LLC<br />

FedEx<br />

GHQ Armed forces<br />

GLOBAL MANUFACTURING<br />

GULF Computers<br />

HR Middle East<br />

HSBC Bank<br />

Institute of Management<br />

Technology, Dubai<br />

Jumbo electronics<br />

Khalifa Fund for Enterprise<br />

Development<br />

Kharafinational<br />

Kwik Steel Structures FZCO<br />

Land mark group<br />

LV Salamanca Ingenieros S.A.<br />

MAF ORIX Finance JPSC.<br />

Marina Gulf Trading LLC<br />

Mashreq Bank<br />

MBC FZ LLC<br />

MIGT LLC<br />

MUSHRIF<br />

National Bank of Abu Dhabi<br />

Pyrotek FZE<br />

quest<br />

ROBODH CONTRACTING CO<br />

LLC<br />

ROBODH CONTRACTING CO<br />

LLC,DUBAI<br />

Rotana Hotels<br />

Saipem S.p.A<br />

Samsung Gulf Electronics<br />

School Transport Services<br />

Shell<br />

sun engineering<br />

sun engineering & contracting<br />

L.L.C<br />

The Network Center Trading<br />

White and Case LLP<br />

Worley Parsons<br />

UNITED KINGDOM<br />

A.T. Kearney<br />

Accenture<br />

adidas Group<br />

AEAT<br />

Airbus<br />

Allen & Overy LLP<br />

Allianz UK<br />

Ashurst LLP<br />

Association of MBAs<br />

AXA Investment Managers<br />

AXA UK<br />

Babcock, Marine Division<br />

BAE Systems<br />

Barclays Capital<br />

BBC <strong>Global</strong> News<br />

Beers LLP<br />

BLT<br />

Bombardier Aerospace<br />

Bovis Lend Lease<br />

BP<br />

British Airways plc<br />

BSkyB<br />

BT<br />

Cabinet Office<br />

Capgemini UK plc<br />

Cels ltd<br />

Chatham financial<br />

Chiltern<br />

77


78<br />

Civil Service<br />

ConocoPhillips (UK) Limited<br />

ConocoPhillips (UK) Ltd<br />

Culture and Sport Glasgow<br />

Defaqto<br />

Deloitte<br />

Diageo<br />

Diamond Management and<br />

Technology Consultants<br />

DLA Piper<br />

E.ON UK<br />

Eurostar <strong>International</strong> Limited<br />

Fluke UK LTd<br />

Food Local Food Ltd<br />

Foster Wheeler Energy<br />

Limited<br />

FSA<br />

Game & Wildlife Conservation<br />

Trust<br />

Golden Opportunities Pvt.<br />

Ltd. - Last Employer<br />

Grant Thornton<br />

Grierson’s Limited<br />

Harrods Ltd<br />

Herbert Smith LLP<br />

Highways Agency<br />

hjk<br />

HSBC<br />

HSBC BANK<br />

IBM<br />

IMI plc<br />

Jaguar Land Rover<br />

John Lewis<br />

juhuhuh<br />

Lawrence Graham LLP<br />

Lilco Ltd<br />

Lincolnshire Partnership NHS<br />

Foundation Trust<br />

London Borough of Barking &<br />

Dagenham<br />

Marks and Spencer<br />

Marston’s PLC<br />

MC2 (Manchester) Ltd<br />

Mformation<br />

Microsaic<br />

Moore Stephens LLP<br />

Morgan Cole<br />

Morgan Stanley<br />

NHS<br />

OCS Group UK Ltd<br />

One North East<br />

Oracle<br />

P&G UK<br />

Persona Partnership<br />

Petrofac<br />

Powys County Council<br />

PricewaterhouseCoopers<br />

Procter & Gamble<br />

RBS<br />

Red Commerce<br />

Redcar & Cleveland Borough<br />

Council<br />

Reed<br />

Reed Smith<br />

Reliance ADA Group (UK)<br />

Pvt Ltd<br />

Retail Eyes<br />

Rothschild<br />

RSM Tenon<br />

Selex Galileo<br />

Shepherd and Wedderburn<br />

LLP<br />

Simply <strong>Business</strong> Skills Limited<br />

Standard Bank<br />

Taylor Wessing LLP<br />

Teach First<br />

THALES<br />

T-Mobile<br />

TNT Express<br />

Total Credit Management<br />

Trafigura<br />

Tube Lines<br />

TUI Travel<br />

Turbulenz Limited<br />

Valentine Thomas & Partners<br />

Virgin trains<br />

Vodafone<br />

western geco, schlumberger<br />

Worcester Black Ltd<br />

Yummy Jobs<br />

UNITED STATES<br />

3M<br />

ABA<br />

Adobe Systems Inc<br />

Agilent Technologies<br />

Allied Inurance, a Nationwide<br />

Company<br />

American United Center<br />

AMI <strong>International</strong><br />

Applied Computer Services<br />

Applied Strategies <strong>International</strong>,<br />

LTD<br />

Arber Associates<br />

Archstone<br />

Avnet<br />

Bain & Company<br />

Bank of America<br />

BB&T<br />

Bendter<br />

BlackRock<br />

Bosch<br />

Boulder County<br />

Brooksource<br />

BSW Wealth Partners<br />

Burroughs Payment Systems Inc<br />

CaridianBCT<br />

CAST Management Consultants<br />

Caterpillar<br />

CEMEX<br />

CIGNA<br />

Cirrus Logic Inc<br />

Cirrus Logic, Inc<br />

Cisco Systems<br />

Citibank, NA<br />

CITIGROUP<br />

City of Boulder, Colorado<br />

Comcast<br />

Continental Airlines<br />

Covidien<br />

CP<br />

delta air lince<br />

Demarche Consulting Group<br />

Diamond Wireless<br />

Donaldson India Filter systems<br />

pvt Limited<br />

Dow Corning<br />

duff & phelps llc<br />

Eaton Corporation<br />

Education Pioneers<br />

EL Paso County Government<br />

EMC


EMC Corporation<br />

Enterprise Holdings<br />

Envivio<br />

First Financial Equity Corporation<br />

First Midwest Bank<br />

FNC, Inc.<br />

Fremont Group<br />

Frito-Lay<br />

Fujitsu America<br />

G.I.T. LLC<br />

GE<br />

GE Capital<br />

General Mills<br />

General Motors<br />

Gerson Lehrman Group<br />

Ghavater Servcies<br />

Ghirardelli Chocolate Company<br />

GIT LLC<br />

<strong>Global</strong>quest Solutions inc<br />

GOJO Industries<br />

Government Dept<br />

Gulfstream Aerospace<br />

Harrow<br />

HasOffers.com<br />

Hirtle Callaghan and Co. LLC<br />

Hitachi Consulting<br />

Honeywell Intl.<br />

HP<br />

IBM<br />

INPUT, Inc.<br />

Integrated Care Management, Inc<br />

Integrated Care Management, Inc.<br />

Integration Point, Inc.<br />

Intel Corporation<br />

Johnson & Johnson<br />

Kaplan Test Prep & Admissions<br />

Keyence Corporation<br />

Kimberly-Clark<br />

KING COUNTY<br />

Knightsbridge Asset<br />

Management, LLC<br />

KPMG LLP<br />

LetMePay S.A. Oddział w Polsce<br />

Liberty Mutual Group<br />

Lighthouse Financial Services,<br />

Inc<br />

Lockheed Martin Aeronautics<br />

Company<br />

Lowe’s Companies, Inc.<br />

LSI Corp<br />

Lyon Real Estate<br />

marsh<br />

Mattress Firm<br />

MAYA Design, Inc.<br />

MBA<br />

McGladrey<br />

McGraw-Hill<br />

Medtronic<br />

Microsoft<br />

MidMichigan Medical Center -<br />

Midland<br />

Moveable Feast Mobile Media<br />

MREI,LLC<br />

MWV<br />

MyEdu<br />

Next Step Advisory Group<br />

Nipsco<br />

None<br />

Northwestern Mutual Financial<br />

Network<br />

Novus <strong>International</strong>, Inc.<br />

OAS Staff FCU<br />

Omaha Public Power District<br />

ORSA Corporation<br />

Ortho Clinical Diagnostics a<br />

Johnson & Johnson Co.<br />

Osram Sylvania<br />

Owenscorning India Ltd.<br />

PAC LLC<br />

Paramount Equity<br />

Pathfinder Systems<br />

Polycor Georgia Marble<br />

Polycor Inc.<br />

PPG Industries, Inc.<br />

Praxair Inc<br />

PREP Intl<br />

Professional Engineering<br />

Consultants, P.A.<br />

Questar<br />

Reed Smith LLP<br />

Ritzsee.com<br />

Rocky Mountain Bank<br />

Royal Danish Consulate General<br />

RSC Equipment Rental<br />

RSM McGladrey<br />

Sage<br />

Schneider Electric<br />

SEMS Foundation<br />

Shea Homes<br />

Shell Oil Company<br />

Shepard Associates<br />

Shopko<br />

SiRF Technology, a CSR<br />

company<br />

Slalom Consulting<br />

Starwood Hotels and Resorts<br />

STIHL Inc.<br />

Sun Life Financial<br />

Swanson Rink<br />

Synovate<br />

Target<br />

Tata Consultancy Services<br />

TATA Consultancy Services Ltd<br />

TD Bank<br />

TeamSnap Inc.<br />

TECMA<br />

temple<br />

The <strong>Business</strong> Development<br />

Company<br />

The CareWoriks Family of<br />

Companies<br />

The Modellers<br />

The Whiting-Turner Contracting<br />

Company<br />

The World Bank Group<br />

TIBCO Software Inc.<br />

tkg storagemart parters, l.p.<br />

TMP Worldwide<br />

Trimble Navigation Limited<br />

Tri-State Generation &<br />

Transmission<br />

Turner<br />

URP<br />

Vanguard<br />

Verite<br />

Vertafore<br />

vitaminwater<br />

Wells Fargo<br />

West Tennessee Healthcare<br />

Xavor Corporation<br />

Yahoo!, Inc.<br />

79


80<br />

Year Up<br />

General Motors<br />

UNKNOWN<br />

A.P.Moller Foundation<br />

Acer Inc.<br />

Al-Hassan Engineering Co.<br />

SAOG.<br />

Amrut distilleries Ltd<br />

an-mary<br />

Artech Information Systems<br />

Beacon Associates, Inc.<br />

Checkmate Services Pvt Ltd<br />

CMS<br />

DNP INFRASTRUCUTRES PVT<br />

LTD<br />

DNV<br />

DSM<br />

Flextronics<br />

FRESHER<br />

genpact<br />

Glenrand M I B<br />

Goldman Insurance Ltd<br />

Grace Consultancy<br />

idea cellular pvt ltd<br />

INDO Consultores<br />

Institute of Management Study<br />

Janssen - Cilag Pharam<br />

M.Edison & Company (P) Ltd.<br />

mahindra conveyor systems<br />

NTN<br />

Offbeat Design<br />

Resource Hunt Group<br />

SEGURIDAD<br />

SEVEN SEAS DISTILLERY<br />

LTD<br />

Sprint Technologies Pvt Ltd<br />

Staples Future<br />

telstra international<br />

TIME SUITES AND<br />

APARTMENTS<br />

URAC<br />

V-Cusomer<br />

URUQUAY<br />

Correo Uruguayo<br />

TCS<br />

U.S. Embassy - Department of State<br />

VENEZUELA<br />

ACBL DE VENEZUELA<br />

Actualmente desempleada<br />

Administradora Lockey, C.A.<br />

Alcatel-lucent<br />

AMINA, C.A.<br />

ANAYANSI<br />

Anruss Mileniun C.A<br />

Arte Y Ambiente 1826 Punto De<br />

Fabrica<br />

Atlas Marine<br />

Banco Mi Casa<br />

Betel+s perfumes C.A<br />

BFC<br />

C.A Metro de Valencia<br />

C.A.Quimica Integrada<br />

Carrocerías Andinas C.A.<br />

Cemex<br />

Cenco-Zotti<br />

CENTRAL MADEIRENSE, C.A.<br />

Ceramica Carabobo<br />

Chrysler Financial services<br />

Venezuela<br />

cintigo casa de software ca<br />

Coca Cola Femsa dd Venezuela<br />

coca cola femsa de venezuela<br />

Comercial Reyes, c.a. (Centro 99)<br />

COMERCIALIZADORA<br />

ROMERO <strong>200</strong>0 C.A.<br />

CONSTRUCCIONES<br />

ELECTRICAS BYS<br />

CONTRALORIA MUNICIPAL<br />

DE SAN CASIMIRO<br />

Cooperativa Brisas del Lago 991,<br />

R.L<br />

COPROCEL, C.A.<br />

CORPORACION ELECTRICA<br />

NACIONAL (CORPOELEC)<br />

CVC<br />

DIGITALARM C.A.<br />

Empresas Tapa Amarilla<br />

ENVASES VARIOS<br />

ESTATAL CVG<br />

Faramtodo<br />

farmahorro<br />

F-A-UNO CA<br />

Gobernacion del Estado Tachira<br />

GREENTECH DE VENEZUELA<br />

Grupo Constech<br />

grupo Mar<br />

Hacienda Chinazon C.A.<br />

Industrias Biopapel, C.A.<br />

Inversiones Cofradia, C.A. -<br />

Policlínica Guacara<br />

INVERSIONES<br />

EQUIVALENCIA<br />

Inversiones Jean c.a<br />

INVERSIONES PRONAUTICA<br />

C.A.<br />

INVERSIONES SELVA, C.A<br />

IVECO DE VENEZUELA,C.A.<br />

Kia´s Muebles C.A.<br />

Locatel<br />

ministerio del trabajo<br />

Multiservicios de Montacargas<br />

Robinesis, C.A.<br />

natural nutrition center<br />

NATURALMENTE BELLA,<br />

C.A.<br />

Odontoexpress<br />

Ofic-Ase C.A.<br />

Optica Caroní<br />

Pandock, C.A.<br />

Pastas Capri C.A<br />

POLICIA METROPOLITANA<br />

DE CARACAS<br />

PRAXAIR<br />

PRC333<br />

PROCA<br />

Productos Mixtos Promix, C.A.<br />

Protección 2010<br />

Quimbiotec<br />

Seravian, C.A.<br />

SERVICIOS<br />

GASTRONOMICOS GISEL<br />

SIGN MEDIOS, C.A.<br />

Sociedad Anticancerosa del<br />

Estado Aragua<br />

Suministro de Personal, C.A.<br />

SYMOCA<br />

Varias<br />

VENEZUELA MARRIOTT<br />

HOTEL PLAYA GRANDE<br />

VH EXPRESS<br />

YEMAN<br />

Total E&P Yemen


82<br />

X. Xxxxxx<br />

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