Are you passionate about what you are doing? You should… but it’s always good to have some others to regain your passion. This was the objective of the recent IE workshops “Passport to Passion” in Seoul and Tokyo. Professors Paris de L’Etraz and Professor Mario Alonzo Puig provided a three and half hour training session…Details
Influenced by its core values – innovation, diversity, entrepreneurship and social responsibility – IE Business School has created an online competition to determine the most brilliant minds of the world. Test yourself, challenge others and compete to become the “one and only of the “IE Beautiful Minds Challenge” on Facebook.
IE Focus || By Javier Vega, Professor at IE Business School
A famous New York University professor has predicted that the Spanish finance system saga will end in tears and that Spain will be out of the Eurozone within two years. What is the reasoning behind such a prediction?
Professor Nouriel Roubini of New York University, famed as one of the soothsayers who foresaw the US real estate crisis, landed a few days ago at the offices of Financial Times with the prediction that Spanish Banks were going to need between one hundred and two hundred and fifty billion to meet the requirements of the competent authority – based in Switzerland, naturally – of 9% of the capital. Moreover he declared that Spain could leave the Euro in one or two years.
“I once had a broken watch that gave me the correct time twice a day”, said the popular Mr Roubini. Journalists from accredited media informed, on the same Friday, that the number of potentially toxic real estate assets now stood at one hundred and forty billion, not counting those of Bankia and BFA, which are already covered by the state, and that provisions in place to support them stood at fifty billion. This means that if all the Spanish real estate assets were worth nothing, some ninety billion would have to be deducted from banking profits. Banks and saving banks should have recurring annual profits of some 20 billion Euros, and not all real estate assets are going to be worth absolutely nothing, unless there is something they are not telling us and the 9% isn’t mandatory. This means that in two or three years the Spanish banking system would be as clean as a whistle. Then, as long as you and your fortune tellers don’t also think that the 10% of the remaining loans (1.2 trillion) are going to become bad debts, just exactly where is Roubini Global Economics Consulting getting that magic figure from? Basically we don’t know, but it is certainly serving its purpose, which is to put the frighteners on us.Details
IE Business School has further consolidated its position as No. 2 school worldwide in finance according to the latest ranking of Masters in Finance published by Financial Times.
IE achieved this result for the second year running in the pre-experience category with its full-time English-taught Master in Finance, aimed at young professionals with an international profile. The student body of IE’s Master in Finance comprises 95% international students from 26 countries, with an average GMAT score of 680. They will complete the program at the end of this month to start work in international companies that include Morgan Stanley, Merril Lynch, Jefferies, Barclays Capital and Rothschild. The Master is the first program in Spain to be made a CFA (Chartered Financial Advisor) program partner, the leading international endorsement for financial analysts.
“The financial sector needs specialized profiles with an international focus,” says Ignacio de la Torre, Director of Masters in Finance at IE Business School. “IE’s finance programs equips students with this type of education, and our graduates go on to work in firms like Goldman Sachs, UBS, Morgan Stanley, Credit Suisse, and Nomura, and in emerging economies that offer enormous potential given the accelerated development of their capital markets”.Details
More than 240 teens enrolled in the International Baccalaureate (IB) Diploma Programme (DP) are scheduled to descend on Segovia July 1, in advance of the opening of the first-ever IB World Student Conference. One of two IB conferences to be held this July, the Segovia event, located on the IE University campus, provides a venue for extracurricular learning in a collaborative environment amidst like-minded youth eager to dive into a rich intercultural experience with their peers.
The teens will participate in five days of chaperoned activities that support examination of global engagement through social entrepreneurship, and which enable them to advance their personal Creativity, Action and Service (CAS) projects, a prerequisite to earning the IB Diploma. All registrants, aged 15-17, are enrolled in the IB Diploma Programme; conference participants hail from dozens of countries, from Spain and as far away as Australia, Canada, China, France, India, Japan, Mexico, Singapore, the Netherlands, the United States, and the United Kingdom.. The IB World Student Conference at IE University runs from July 2-6.
During their week on the IE campus, a magnificent convent from the XV Century, conference-goers will devise innovative action plans to tackle the world’s most pressing problems. They will work in Global Action Teams to advance grass-roots social entrepreneurship projects that focus on Culture, Ecology, Social Justice, and Sports.
“Diploma Programme students are characteristically inquisitive, thoughtful, open-minded, caring, reflective, and pro-active,” says Jeffrey Beard, IB Director General. “These particular DP students are exemplary in that they also exhibit courage, a strong global-community spirit, and uncommon initiative in taking big steps towards personal growth, strengthened leadership, and independence. Their work during this conference,” Beard adds, “is sure to reap tremendous rewards for them, individually and collectively. Many of them expect their Segovia connections to last long-term and their learning experience to lay a foundation for future global entrepreneurial endeavors.”Details
Sometimes the best thing about life is that you can decide to change it from one day to another. Although the step of taking this turn into an unknown future might be as scary as it appears seductive and adventurous, people rather procrastinate and let their indecisive nature take over; time passes and all the…Details