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May 5: Tepper School of Business, HEC Lausanne and Swiss Finance Institute Launch Dual Degree Executive MBA Program in Asset and Wealth Management

Contact: 

Mark Burd                   
412-268-3486                    
mdburd@andrew.cmu.edu

Tepper School of Business, HEC Lausanne and Swiss Finance Institute Launch
Dual Degree Executive MBA Program in Asset and Wealth Management

Classroom Modules Instructed by World-Class Faculty
In Switzerland and U.S. To Begin May 2011

PITTSBURGH—The Tepper School of Business at Carnegie Mellon University announced today that it will offer an innovative Executive MBA (EMBA) Program in Asset and Wealth Management in conjunction with HEC Lausanne, the Faculty of Business and Economics at the University of Lausanne, and the Swiss Finance Institute. The internationally focused dual degree program is designed for private and institutional investment managers, private banking relationship managers and other investment professionals.
      
Graduates of this new program will receive an executive MBA degree in asset and wealth management from the Tepper School of Business and an executive MBA degree in asset and wealth management from HEC Lausanne, the Faculty of Business and Economics at the University of Lausanne.
      
"This program brings together two world-class research institutions and presents a unique opportunity for professionals working in the area of asset and wealth management," said Kenneth Dunn, dean of the Tepper School of Business. "The faculty will include some of the world's premier finance professors, researchers and practitioners. Graduates of this program will have earned prestigious professional credentials of the highest level in this field."
      
The degree program has been designed toward meeting the requirements for multifaceted asset and wealth management professionals within the global marketplace, a need that has been highlighted by challenging economic conditions.
      
"Current economic conditions have made it clear that asset management professionals require a solid understanding of the principles of finance and investment as well as the application of fundamental models in order to make sound decisions," said Ilker Baybars, deputy dean and professor of operations management at the Tepper School. "This new dual-degree program will include a focus on the practical tools vital for professional wealth managers in providing their clients with the most reliable and profitable advice."
      
Burton Hollifield, professor of finance at the Tepper School, underscored the importance of advanced credentials for asset and wealth managers today, given rapid evolution of financial markets and intensified client demands for credible portfolio management based on proven analytical techniques.
      
"This interdisciplinary master's degree program offered by the Tepper School of Business and its partners will achieve two key objectives," Hollifield said. "It will provide executives with the conceptual and practical tools and the in-depth financial and investment expertise required to compete at the highest levels of this field. This program will also equip participants with the managerial tools necessary to assume a leadership role by exploring how to best translate new knowledge into practice in the information-intensive financial services industry."
      
The dual-degree program will be spread over 20 months and will involve six two-week classroom modules based alternately at the Tepper School at Carnegie Mellon in Pittsburgh, and HEC Lausanne, the Faculty of Business and Economics at the University of Lausanne. Expected to attract investment professionals from around the world, the inaugural class begins in May 2011. Application materials and additional program information are available online at www.awemba.org.

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