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Press Release

Annual statement 2017 confirms positive development of ESMT Berlin

ESMT Berlin once again reports a positive annual statement for 2017 with a positive net income of 308,000 euros. Growth in the number of students and executive education participants underscore the good development of the international business school.

Last year 439 students were enrolled at ESMT, and 3,372 executives attended executive education programs. The gross sum of revenues and gains before expenses increased in 2017 to 31.4 million euros, and the operating gross sum thereof grew by 10 per cent when compared to 2016. ESMT has recorded a positive net income every year since 2010.

In March 2017 ESMT completed another stage of the expansion and reconstruction of the campus in the former State Council building in Berlin, creating additional auditoriums and study rooms for the growing number of degree program and executive education participants. In the same month Space Shack, a co-working space supported by ESMT and the Pühringer Group, opened to create a place for students and graduates to implement their own entrepreneurial ideas.

In November ESMT opened the Hidden Champions Institute (HCI), the first academic institution worldwide devoted to this topic. The institute promotes research, education, and discourse on issues of relevance to Hidden Champions. In 2017 ESMT also welcomed Henry Sauermann as associate professor of strategy and the first holder of the POK Pühringer PS Chair in Entrepreneurship. The R&D Annual Report 2017 attests to the high quality of the research of the business school as an academic institution. ESMT faculty members published 19 articles, seven of which appeared in the most influential A/A+ journals, including the Academy of Management JournalAmerican Economic ReviewManagement Science, and Organization Science.

ESMT CFO Georg Garlichs said, “The positive results of the past year show the successful development of ESMT. In 2018 we will continue to focus on excellent research and also expand our digital competency, especially in the field of blended learning.”

 

About ESMT Berlin

ESMT Berlin is the highest ranked business school in Germany and Top 10 in Europe. Founded by 25 leading global companies, ESMT offers master’s, MBA, and PhD programs, as well as executive education on its campus in Berlin, in locations around the world, and in online blended format. Focusing on leadership, innovation, and analytics, its diverse faculty publishes outstanding research in top academic journals. Additionally, the international business school provides an interdisciplinary platform for discourse between politics, business, and academia. ESMT is a non-profit private institution of higher education, accredited by AACSB, AMBA, EQUIS, and FIBAA.