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New-York based IE Global MBA Describes His Trip To Africa, The Last Frontier

Sawubon’ everyone! I'm Ajay Swamy from IE Business School, Global MBA, 2012, based out of New York, NY. So I just got back less than 2 weeks ago from ...

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Fri Mar 16 2012

BusinessBecause
Sawubon’ everyone!

I'm Ajay Swamy from IE Business School, Global MBA, 2012, based out of New York, NY. So I just got back less than 2 weeks ago from Johannesburg, South Africa and what an experience it was! Sawubon’ is Hello in isiZulu – a language spoken throughout South Africa and neighboring countries. Spoken by around 10 million people, it’s readily understood by almost everyone in South Africa. The trip was organized by IE Business School in conjunction with Wits Business School. The week long certificate program “Doing Business in South Africa” organized by WBS and IE – meant a packed, busy schedule but we did manage to have some fun. Colleagues from our Global MBA class were also joined by a few colleagues from the International MBA program.

Our first day was an in-depth look into Johannesburg and Soweto. Our guide for the day was Garth Klien, a lecturer from WITS Business School who showed us around Johannesburg from the shacks of Alexandria to the skyscrapers in Sandton to the new communities in Soweto. This allowed us to get an in-depth glimpse into how cultures, people, landscapes have transformed Johannesburg as a city. South Africa is still recovering from a long period of apartheid and this is readily visible across the city – in people, in neighborhoods and work places. One word that stuck out to me as I the day progressed on was thriving. Jo’Burg really is a thriving city with people from all avenues trying to make a living. We even came across a job board ala Craiglist, except this was hundreds of pamphlets with job listings on the side of a supermarket. Thriving.

The next couple of days involved lectures at WITS and visits to local companies. One of the lectures that really stood out was on the issue of HIV/Aids in South Africa led by professor Murray Cairns. It was moving and informational to learn about the epidemic which is prevalent in a little over 20% of the population in South Africa. We had a good discussion of management challenges when trying to manage people with HIV and the effect on productivity. We visited companies like Nando’s, the Wilderness Safari Group, Johannesburg Stock Exchange, Rand Merchant Bank and AngloGold Ashanti – a mining company. At Nando’s we witnessed firsthand the global success of entrepreneurship from Robert Brozin one of the founders. Johannesburg Stock Exchange demonstrated the immense potential of South Africa. JSE, with market capitalization of 898,407M USD (March 2011) was ranked 20th in the world – a testament to South Africa’s growth and growing investor confidence. We learned from the visit to Rand Merchant Bank – a large investment bank in Africa, the resiliency demonstrated by the South African financial markets during the Global Financial Crisis. Banks in South Africa escaped unscathed from the GFC – a strong case for the effective regulations the banks adhere to.

We also had a chance to network with current WITS Business School students and professors. One of the mornings was dedicated for a live negotiation session based on case study about SuperGroup – and whether the company should be liquidated or resuscitated. The effectiveness of sessions like these can’t just be summarized. Here’s what a couple of my Global MBA colleagues had to say about the negotiation and networking sessions – Collin Lee “The negotiation session was a great opportunity to meet and network with other MBA students from a new and exciting economic environment and further our experience in the practice of negotiating and bargaining. The real benefit I found comes not from winning a negotiation (since the case was actually a pre-negotiation meeting context) but from being introduced to a new set of personalities in which to develop my own interpersonal skills as well as my ability to function positively with varying degrees of cooperation or competition”, Tony Tabet – “Negotiation session was good IMO. Although the topic was complex, it was efficiently handled by the mediator who focused on the negotiation process and organization, and the different teams who expressed complete willingness to listen to each other and ability to make suggestions and to find areas of agreement”. All in all, a learning experience that cannot be replicated – you had to be there, I know it sounds cliché – but that’s the truth. The week ended with a lecture about the strategic challenges of doing business in South Africa (led by Mark Peters from WITS) followed by a visit to SAB, the beer behemoth – a fitting end after a very busy week.

This short exchange really exposed me to the last frontier that is Africa. Africa’s collective GDP and Consumption is projected to increase 60% over the next 8 years. What’s astonishing is that on the labor side the number of eligible Africans for employment is slated to number 1.1Billion. South Africa as a regional hub has an ever increasing educated, youth population with an emerging middle class. The market in South Africa has a strong regulatory framework with financials being one of the biggest sectors next to telecomm, mining and energy. South Africa now is a strong influential member of BRICS and has a definitive comparative advantage when it comes to mining and along with its strong financial sector the country is poised for a very prosperous future. Sub-Saharan Africa is poised for immense growth and according to the IMF 6 out of 10 of fastest growing global economies are African. Sure there are social, political and racial hurdles to overcome but Africa the once dark continent is perhaps the only bright light of hope in the midst of the global economic slowdown.

Presential programs like these from IE Business School help you learn first-hand the economic environment of a country. You meet new people, get exposed to new cultures and learn the crucial work-life-MBA balance (yes, we still had to keep with all our regular classes and associated workload during this trip!). It’s meant to transform you into global citizens. You form new relationships and deepen the already existing ones. Throughout the program we also made time to have dinner together at different places in Jo’Burg and enjoy the culinary options Jo’Burg offers. My only regret was that I only had 8 days to spend. Next time, it might just be for longer considering the abundant opportunities.

Special thanks to Charisse Drobis (WITS Business School) & Louise Amoedo (IE Business School).

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Madrid Is incredible, I've had a fantastic time at IE University. I've had some excellent lecturers overall. They sincerely want the students to flourish and are concerned about developing a personal relationship with them. Having said that, students typically must fulfil their half of the contract by putting in the necessary work and demonstrating a desire to achieve success.

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I spent 1 semester on my Erasmus during my BBA trip. This was the great experience and after that I decode to enroll for the master program there. I must say that the only disappointing fact is connected to distribution of the students. Master students are being connected to the old campus what is not fully fail.

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As the former BBA student I can say that the level of the learning is quite high. In addition the place (IE Tower) is probably one of the most innovative and networking-support place in the Europe. I totally recoupment this Uni for business students.

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5/11/2023

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International focus

IE university has a global perspective and attracts a highly diverse student body, with students from all over the world. This international environment fosters cross-cultural understanding and prepares students to work in a globalized world. This is same for the faculty members as well, the university's faculty members are from diverse parts of the world and are reputable. they are not only experts in their fields but are also often actively engaged in research and industry. Their practical experience and academic expertise create a stimulating learning environment.

Milena

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31/10/2023

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Loved it

IE University, in my experience as a student, stands out as an outstanding institution for higher education. Its international perspective is a major strength, evident in the diverse student body that represents a multitude of countries and cultures. Interacting with such a global community has broadened my horizons and deepened my understanding of various subjects, providing a rich and comprehensive educational experience. The quality of the faculty at IE University is exceptional. Many professors bring real-world experience to the classroom, making the learning process more practical and relevant. This approach not only enhances engagement with coursework but also ensures that students are well-prepared for their future careers. The accessibility of professors and their willingness to engage with students personally fosters a collaborative and supportive learning environment. Practical learning is another significant advantage at IE University. The integration of real-world projects, internships, and case studies bridges the gap between theory and practice. This emphasis on hands-on experience equips students with practical skills and industry insights, making them more competitive in the job market. IE University offers a wide range of programs across various fields of study, making it a versatile choice for both undergraduate and postgraduate students. This diversity ensures that individuals can find a program that aligns with their academic and career interests. However, like any institution, IE University has its challenges. The cost of attending can be a major concern for some students, as tuition fees are relatively high. While scholarships and financial aid are available, not all students may qualify for them. This financial aspect is an important consideration, particularly for those with budget limitations. The competitive nature of some courses and programs can create a high-pressure environment. While competition can be motivating for some, it may also lead to stress for others. Maintaining high academic standards can be demanding, and students should strive for a balance between excellence and well-being. The workload can be quite challenging, especially for students undertaking double degrees or heavily involved in extracurricular activities. Effective time management is essential to manage academic demands while maintaining a healthy work-life balance. In conclusion, I would recommend IE University to prospective students with specific considerations. If you value an international perspective, practical learning, and a diverse educational environment, IE University is an excellent choice. However, it's crucial to carefully weigh the tuition costs against the benefits and to be prepared for the competitive nature of some courses. Students should also be ready to handle a demanding workload. IE University has provided me with a rich and globally-focused education, equipping me for a career in an interconnected world. Ultimately, it's important to make an informed decision based on your educational and financial goals, along with a willingness to confront the challenges that may arise.

Jose

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26/10/2023

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Rather Exciting

As a student at IE University, enrolled in the Business Administration program, I can confidently say that my experience at this institution has been overwhelmingly positive. IE University's innovative approach to education stands out as one of its most remarkable features. The interactive classes and focus on critical thinking, particularly through the use of case studies, have significantly enhanced my ability to apply theoretical knowledge to real-world business scenarios. Additionally, the global perspective at IE University, fostered by the diverse student body and international faculty, has broadened my understanding of global business practices, which is crucial in the field of Business Administration. The university's strong industry connections have proven to be invaluable. These connections provide students with numerous internship opportunities and networking prospects, allowing us to gain practical experience and build professional relationships while still studying. Moreover, the comprehensive career support services offered by IE University, such as resume building, interview preparation, and job placement assistance, have been instrumental in preparing us for the job market. On the flip side, it's important to mention that tuition costs at IE University can be relatively high, which may pose a financial challenge for some students, even though there are scholarships and financial aid options available. Additionally, the programs at IE University can be intensive, demanding a significant time commitment, which might not align with everyone's preferences. In conclusion, I wholeheartedly recommend IE University to individuals considering a degree in Business Administration. The innovative teaching methods, global perspective, strong industry connections, and comprehensive career support make it an excellent choice for those aspiring to enter the world of business. However, prospective students should be aware of the financial considerations and be prepared for the intensive nature of the programs. If you're willing to invest in your education and are dedicated to your studies, IE University offers an exceptional and enriching educational experience in the field of Business Administration.

Tatiana

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22/10/2023

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A Decent Experience

I've had the privilege of being a student at IE University, where I've been pursuing a degree in arts. My experience at IE University has been highly rewarding and unique. One of the aspects I appreciate the most is the university's strong emphasis on interdisciplinary learning. The opportunity to collaborate with students from diverse fields, including business, technology, and social sciences, has enriched my artistic endeavors. This cross-pollination of ideas has added depth and diversity to my creative work. IE University's international perspective is another significant advantage. The institution's diverse student body and faculty from various corners of the world have broadened my artistic horizons and encouraged me to think more globally. In the field of arts, where cultural influences play a pivotal role, this global outlook has been invaluable. The university also invests in modern resources and technology, providing students with access to cutting-edge software, creative tools, and state-of-the-art facilities. These resources have allowed me to explore new mediums and techniques, pushing the boundaries of my creativity. Furthermore, IE University places a strong emphasis on practical experiences. This practical orientation has given me insights into the professional art world and how to navigate it effectively. Opportunities for internships and collaborations with art institutions have been instrumental in bridging the gap between academic learning and real-world application. On the downside, tuition costs at IE University can be relatively high, which may pose a financial challenge for some prospective students. Additionally, the university's programs are quite intensive, demanding a substantial time commitment and strong time management skills. In conclusion, I would wholeheartedly recommend IE University to students seeking an arts education with an interdisciplinary and global perspective. The institution's innovative resources, practical experiences, and international approach have significantly enriched my artistic journey. Nevertheless, it's crucial to consider the financial aspect and be prepared for the demanding nature of the programs. If you're willing to invest in your arts education and are committed to hard work, IE University offers a truly unique and rewarding artistic experience.

Juan

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18/10/2023

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A Great Experience

As a student at IE University studying architecture, I have a unique perspective on the institution. Let me share my thoughts on this university: Overall, my experience at IE University has been quite positive. The university's commitment to a holistic education, combined with its innovative approach to learning, has made my time here rewarding. Here are some key aspects I appreciate: Interdisciplinary Approach: IE University places a strong emphasis on interdisciplinary learning. In the field of architecture, this means I've had the opportunity to collaborate with students from various backgrounds, such as engineering, business, and design. It's been enlightening to work on projects that integrate different disciplines, mirroring the real-world scenarios architects often find themselves in. Faculty and Industry Connections: The professors at IE University are experienced professionals in their respective fields, and they bring a wealth of practical knowledge into the classroom. This has greatly enriched my architectural education. Additionally, the university's strong connections with industry professionals and firms provide students with valuable networking opportunities and potential internships. Global Perspective: IE University's international approach to education is a significant advantage. I've had the chance to collaborate with students from all over the world, which has broadened my cultural awareness and global perspective. This is particularly important in architecture, as it's a field where global influences and trends play a significant role. Innovation and Technology: The university's commitment to staying at the forefront of technological advancements is impressive. In architecture, this means access to cutting-edge software, tools, and resources, which have been instrumental in my academic and design work. On the flip side, there are a few aspects that might not suit everyone: Tuition Costs: IE University is a private institution, and as such, tuition can be on the higher side. This might be a challenge for some students, but there are scholarship opportunities and financial aid options available. Intensive Programs: The university's programs are often quite intensive, requiring a significant time commitment. While this can be beneficial for learning, it can also be demanding, so time management skills are crucial. In conclusion, I would certainly recommend IE University to those interested in studying architecture. Its unique approach to education, international perspective, and strong industry connections have enriched my architectural journey. Just keep in mind the financial considerations and be prepared to put in the effort, and you'll find a stimulating and rewarding academic experience at IE University.

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16/09/2023

On Campus

A Global and Innovative Learning Experience

IE University is a dynamic and innovative institution that has gained recognition for its unique approach to education. There are several aspects that make it stand out, and while it may not be the perfect fit for everyone, it certainly has a lot to offer. One of the notable strengths of IE University is its commitment to fostering a global perspective. The university attracts a diverse student body from all over the world, creating a rich multicultural environment. This diversity enriches the classroom experience and prepares students to thrive in an increasingly interconnected world. The emphasis on international exposure through study abroad programs, exchange partnerships, and a global network of alumni further enhances this global outlook. IE University is also known for its focus on entrepreneurship and innovation. The institution places a strong emphasis on practical, real-world learning experiences that encourage students to develop an entrepreneurial mindset. This approach aligns well with the demands of the modern job market, where creativity and adaptability are highly valued. Furthermore, IE University's faculty is often comprised of professionals with extensive industry experience, providing students with valuable insights and connections in their respective fields. The small class sizes enable more personalized attention, fostering a close-knit community and facilitating meaningful interactions between students and professors. However, no university is without its drawbacks, and IE University is no exception. One potential downside is the cost of tuition, which can be relatively high compared to some public institutions. While scholarships and financial aid options are available, this cost may still be a barrier for some prospective students. Another consideration is the intensity of the academic programs. IE University is known for its rigorous curriculum, and students often find themselves facing a demanding workload. While this can be an advantage for those who thrive in a challenging environment, it may not be suitable for individuals seeking a more relaxed college experience. In conclusion, IE University is an excellent choice for students who are looking for a globally oriented, innovative, and academically rigorous education. Its emphasis on entrepreneurship, international exposure, and practical learning experiences can prepare students for success in a competitive job market. However, the high cost of tuition and the demanding nature of the programs should be carefully considered. Ultimately, whether IE University is the right fit depends on the individual's goals and preferences, but for those who are up to the challenge, it can be a rewarding and transformative educational experience.

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9/01/2024

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The liquid learning method

I do like my program so much, since it gives me the possibility to develop my own personal skills while building a strong professional cv with plenty of extracurricular material. The amenities are extraordinary and the campus is super professional and convenient for networking!

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17/09/2024

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The variety of courses

This university has provided me with the perfect university experience, complete with numerous resources that help students reach their goals. The beauty of this university is the variety of courses offered, and how the diverse nature of courses can prepare you for the real world.

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