The Hindu : Business : European business school looking for partner

Online edition of India's National Newspaper
Thursday, Mar 31, 2005

Business

Business

European business school looking for partner

By K. T. Jagannathan

CHENNAI, MARCH 30. A team from the European Business School (EBS) in Germany is visiting India to explore the possibility of setting up an establishment in the southern part of country. The team, now in Chennai, will also visit Kochi and Bangalore.

During a meeting with journalises from The Hindu group, Ronald Gleich, Dean of Executive Education and Chief Financial Officer, said EBS was looking for a private partner for setting up a similar school in south India. EBS, he said, saw bigger opportunities for executive education and entrepreneurship courses in India.

Nonetheless, he said, the proposed Indian centre would undertake both full-fledged and short-duration courses.

He expected EBS to concretise its India plan by the year-end.

Mr. Gleich said EBS could take care of the academic side of the initiative while investment could come from corporates. There were many significant investors in Germany who were interested in investing in India on the educational side.

Agreeing that Indian students were more interested in the American management schools compared to the European ones, he said. EBS would like to be in India to create greater awareness about the European education systems, he added.

It already had student exchange programmes with the Indian Institute of Management.

EBS, founded in 1971, is one of the oldest private state-accredited business schools with the university status in Germany. More than 40 per cent of graduate courses are conducted in English. It handles subjects such as healthcare, finance and banking, real estate, economics, entrepreneurship, innovation and family business, among others. Around 240 students are admitted to EBS each year.

The proportion of women at EBS is approximately 26 per cent and the proportion of international students around 10 per cent.

Mr. Gleich said EBS preferred lectures and professors to have practical as well as academic experience.

The university is financially supported by companies and organisations in Germany. The total revenue of EBS was 18 million Euros. Of this, 50 per cent came from executive education, 10 per cent from master degrees and the balance from specific programmes from customers and clients.

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