MBA in Financial Services & Insurance

Organisation:: Universität St.Gallen (HSG)
Ort, Bundesland, Land:: St.Gallen, East, Switzerland
Typ:: Part-time
Certificate:: MBA
Duration:: 4 Semester/s

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Programme

The financial services industry is changing at a relentless pace. What was the norm yesterday can be old-fashioned tomorrow. New technologies, new regulations, new entrants, the changing socio-demographic environment, etc. make this industry increasingly complex compared with a generation ago.

The MBA-FSI programme was founded in the 1990s, at the time that new financial groups with substantial banking and insurance activities were emerging. That new form of competition forced financial institutions to re-assess their overall business strategies and adapt their internal organisations.

The strength of this programme lies in the unique combination of a general MBA content with a focus on the financial services industry. Management trends in the field of strategy, marketing, finance, technology, etc. are translated and applied to the financial sector by means of carefully-selected faculty, guest speakers, case-studies, and company visits.

Prof. Dr. Lutgart Van den Berghe
Chairman of the MBA-FSI Programme Committee

Target audience

The MBA in Financial Services and Insurance (MBA-FSI) is an international, executive MBA programme, designed for participants with high potential to achieve top executive functions in financial services firms.

No other existing programme at an executive MBA level can claim to address the banking, as well as the (re)insurance, and the investment industry from an international and holistic perspective.

Emphases/Curriculum

During the six residential modules of the programme, participants acquire a firm understanding of the most recent developments in the different management disciplines.

At the same time, participants learn to apply the most interesting and relevant management frameworks to their own financial institution.

Curriculum:

Strategic management:
- The vision, mission & goals of a financial services firm
- Strategy analysis
- Corporate governance and Corporate Social Responsibility
- Competing successfully
- Corporate strategy
- Strategic innovation
Marketing management:
- The functional approach in the services sector
- STP-approach: segmenting, targeting, positioning
- The three-level product concept
- The realisation of financial services within networks
- Management of multi-channel access
Integrated Risk Management
Management Accounting and Control:
- Balanced Scorecard
- Economic Value Added (EVA)
- Value-Based Management
- Activity-Based Costing
- Activity-Based Management
- How to use cost information to support strategic decisions
Global Financial Systems and Financial Instruments
Corporate Finance and Financial Risk Management
Operations and Technology Management
Human Resources Management and
Organisational Behaviour
Group Dynamics and the Learning Organisation
International management
Introduction to the banking, insurance and investment industry

Evaluation:

Take home assignments and final project
Examination and evaluation

Practical relevance

An optimal mixture between theory and practice will be offered with the emphasis on:

an academic approach with the use of theoretical frameworks applied to the actual business problems of banks, insurance, and investment firms
the use of case studies
guest presentations
company visits
business simulations
practical projects and assignments
providing participants with specialised books, background articles and cases which allow them to get optimally prepared for the modules, or to go somewhat deeper into certain topics
learning from the participants’ business experience

Admission/Entrance requirements

Total fees approx.:	€ 42.000

Tuition fees: This tuition fee includes the teaching fees, fees for class rooms, and course materials. Catering, travelling, and lodging costs are not included in this fee. The average cost for catering and lodging is € 2.500,- per module. The payment of the tuition fee is required one month before the start of the programme. Admission requirements: Academic educational background Substantial amount of work experience Minimum age (for exceptional cases) 28 years Relevant management experience Mature personality Identified as a ‘high potential’ within the firm Next Edition: 2012 - 2014 Module 1: 4 - 16 November 2012 in Gent, Belgium Module 2: 17 February - 1 March 2013 in St. Gallen, Switzerland Module 3: 26 May - 7 June 2013 in Montréal, Canada Module 4: 8 -20 September 2013 in Beijing, China Module 5: 12 - 24 January 2014 in London, UK Module 6: 27 April - 9 May 2014 in Boston & New York, USA

Languages
Language(s) of instruction:	English
Going abroad:	possible

Information material

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Miscellaneous:

Organisation

Organizing universities

Vlerick Leuven Gent Management School is the autonomous management school of the University of Ghent and K.U. Leuven. It was founded in 1953 by André Vlerick, a professor and entrepreneur, and has been Belgium’s leading management school for over half a century now. The goal of this international and academic management school is to help professionalise management and encourage entrepreneurship.

The University of St. Gallen for Business Administration, Economics, Law and Social Sciences (HSG), founded in 1898, concentrates on the education of tomorrow’s leaders in business, public administration, and law. The HSG, which became a “business university” in 1911, continues to this day to pursue the goal of providing for its students a practical-oriented education.

Being Canada’s first management school, HEC Montréal celebrates its 100th anniversary in 2007. Since its inception, the school has always been one of the pioneers in offering high quality business education in North America. As a result, HEC Montréal is the first North American school to hold the three accreditations AACSB international, EQUIS and AMBA, and the first non-European school to receive the EQUIS accreditation.

Study in St.Gallen

St.Gallen offers its approximately 75,000 inhabitants a historically valuable old town with a great number of shops, street cafés, bars and clubs. The Abbey District with the baroque cathedral and the Abbey Library is a UNESCO World Heritage Site and thus of international significance. Further cultural highlights are provided by performances in the City Theater, the Concert Hall, the St.Gallen Festivals, as well as by exhibitions in numerous museums and private galleries. One event that is particularly popular with many students is the St.Gallen Open Air, during which the Sitter Valley is transformed into Switzerland’s biggest tent city for three days.