iEMFC students join new learning episode in Maastricht

Last November, the students of the international Executive Master of Finance and Control (iEMFC) programme visited Maastricht for an intensive and vibrant period of courses, sharing experiences, and… exams. The model of six two-week seminars per two years is an attractive setup for busy professionals; it enables them to better balance work and study, especially for those who are based abroad. This adds to the international character of the iEMFC student population.

The November seminar was extra special, because a group of new students was welcomed. The periodic influx of new students ensures a healthy dynamic in the group and the programme, and extends the network of the students. It also offers potential participants the opportunity to join for a couple of sessions to see if the programme really suits them. The busy schedule included a company visit, guest lectures and social occasions and concluded with exams on Saturday.

We talked to Prof. dr. Harold Hassink RA, iEMFC Managing Director, about what makes this programme stand out, and we met with some of the new students to find out how they experienced the programme. Harold Hassink:

“The iEMFC programme draws an above average level of ambitious and talented participants. Often they already have a Master’s degree, plus a healthy amount of working experience. The quality of the students is mirrored in the quality of the lecturers and teachers, for whom the quality of the group is an attraction and a stimulating challenge. Some of the teachers are connected to Maastricht University, others are recruited externally. What they all have in common is that they are as well versed in the theory as the practice of their field, for example as partner, consultant or legal advisor. The expert speakers are often former student, who have proven themselves in their fields. They contribute not only content, but also share their personal career and learning journey. Including during the more informal and private settings of dinners and other social activities. The third element that completes the mix of talented students and top-teachers, is our smart didactic model: case driven, peer-to-peer learning, small groups, and lots of interaction. When these ingredients combine, things start to happen; self-reinforcing mechanisms occur, that take the learning experience to the next level. That is what makes the international Executive Master of Finance and Control programme very special!”


What the students say…

Thus far, I find the programme very enriching, interactive and doable without an academic background in Finance. Classes are taught by a variety of leaders from both academia and business. There are plenty of discussions during the seminar between students and those experts, which I find very valuable. The interactive seminars help you reflect upon your own experiences and practices you’ve encountered. In this way, the classes help to broaden my frame of reference by providing practical insights and showcasing best practices. As a result, the programme provides a holistic and pragmatic view of the Finance function, that is valuable today and in future roles.

Maastricht University’s two-week seminars, rather than weekly classes, work really well for me, as it enables me to study in the Netherlands whilst working abroad.

FLORA OUDEBOONiEMFC student cohort 2018 | Unilever

I have a background in accounting and auditing with 20 years of experience in business finance and applied finance. I consider the content of the course less important than the opportunity to learn from my fellow students. That is where the real added value lies for me: the exchange with experienced professionals and not just the academic knowledge.

What attracted me to the iEMFC is the flexibility of the programme; the two-week seminars make it easy to fit in with my work. The international aspect and the great diversity of the students was also very appealing. The whole group consists of about thirty people and the working groups of about five fellow students. So you get to work together closely with most of your fellow students.

The group has a very good mix of different expertise, ages, countries and background; this helps a lot. There is also a good balance in personalities in the group. The group is small enough so everybody can participate and have a say, without a small number of people dominating the discussions.

I have already come across several practical ideas that can be implemented in my company. Which is good, because my boss expects clear benefits when I come back, ha-ha! But I have also learned more general lessons about how other people and companies approach and deal with certain business issues.

TRUNG LE QUOCiEMFC student cohort 2018 | FrieslandCampina

My background is a master in Finance at the Erasmus University and I work in Chicago for Nouryon (formerly known as AkzoNobel Chemicals). I wanted an RC qualification and chose UMIO because I heard good stories from colleagues about the programme and the schedules with clustered weeks fit better than i.e. weekly lessons. I was also drawn by the international aspect and experience of the course.

The group experience is very interactive, with lots of mutual exchange and a high level of participation from everybody. This group interaction is very motivational as is the practical aspect of the classes. Everybody has a reasonable amount of working experience and is able to contribute. The teachers make a point of linking theory with corporate life. This practical approach is very appealing.

The programme so far certainly meets my expectations: especially regarding the applicability: theory is matched with very recognisable situations. On the one hand, the knowledge is quite detailed and deep, but you also learn to ask the right questions to a variety of stakeholders. The expert speakers were super interesting as was the company visit to ASML where they showed us how they actually improved and innovated.

The evenings are very social and the exchange continues on a personal and a professional level. This makes for a very nice mix.

WILLEKE ENSINKiEMFC student cohort 2018 | Nouryon

My background is in accountancy, I am not really a financial. A friend recommended the iEMFC programme, especially because of the way it facilitates the exchange of experiences between different businesses and backgrounds.

My last education trajectory dates from more than 10 years ago, so this takes a bit of getting used to again. In the first week, I have already heard and seen many things from a management perspective that we could do better. It has been very insightful. For me the big pros are the sharing of experiences and the international aspect. Hearing different views and opinions about cases serves me very well to broaden my knowledge!

FABIO CIDRALiEMFC student cohort 2018 | Eurobrakes

Maastricht University to launch Executive Master in Cultural Leadership in Partnership with Royal Academy of Arts in London

In March 2018, Maastricht University (UM) launches an Executive Master in Cultural Leadership, in partnership with the Royal Academy of Arts. The first intake of participants in October 2018 coincides with the Royal Academy’s 250th Anniversary year. The programme offers a full range of opportunities in the art world and creative sectors. It is aimed at those who are looking to develop their business and leadership skills, as well as those who want to enrich their understanding of how culture and creativity can inform and rejuvenate their practice.

New generation of leaders

This Executive Master programme is designed to foster a new generation of leaders who want to bring a deep understanding of culture and creativity into their industries and organisations as well as nurture world-class leaders with an ambition to positively shape the arts and cultural sectors applying their knowledge and skills to enable long-term, sustainable, ethical and innovative business practices.

Combination of expertise and scholarship

Combining the professional expertise of a world-class arts organisation and the teaching and scholarship of a leading international university, this master programme will be the first of its kind to offer a fully integrated program across two epicentres of culture and learning. The programme provides a remarkable platform for participants with a passion for the arts and culture to acquire cutting-edge knowledge, timely insight as well as building professional networks.

Interfaculty collaboration

The primary driving force behind this new programme was UMIO – established in October 2017 as part of UM – which designs and provides learning and development trajectories for individual professionals and organisations. UMIO’s roots are in the School of Business and Economics, yet the connection to other faculties and disciplines is central to facing the multidisciplinary challenges in the professional field. This very special initiative with the RA is an excellent example of international partnerships. Interfaculty collaboration between the Maastricht University School of Business and Economics, Faculty of Law, Faculty of Arts and Social Sciences, and UCM was aided through the establishment of the Maastricht Centre for Arts and Culture, Conservation and Heritage (MACCH), who will contribute teaching to the programme.

Modules in London and Maastricht

Taught across the campus of London and Maastricht with international study trips, this Executive Master offers participants a cross-cultural experience and global perspectives, enabling a deep understanding of cultural value and the significant contribution of arts and creativity to the economy and society. Structured as a modular intensive programme, participants will complete eight taught modules carefully balancing an understanding of the arts and culture alongside their business and management.  Taught modules include Critical perspective in the arts and cultureArt business and cultural managementLaw and artTechnology and innovationCollecting, collections management and logistics, Exhibitions and events, as well as an immersive leadership module which provides personal leadership development tailored to individual ambitions and goals.

Proud of this programme

UM Professor Rachel A. J. Pownall, co-director of the master’s explains “Today’s institutions and corporations require leaders who are able to understand culture and the current challenges facing business and society. Here at Maastricht University, at the heart of Europe, we are delighted to be at the forefront of developments in education by providing innovative problem-based learning and by partnering with a leading international institution in the arts – the Royal Academy of Arts – with whom we can take this one step further to engage with experiential and context-based learning. Expert practitioners at the RA and thought leaders from Maastricht are uniquely placed to provide exciting educational options for professionals to become innovative cultural leaders and leaders who understand culture. Together we can create the leaders of the future.”

About the Royal Academy of Arts

The Royal Academy of Arts was founded by King George III in 1768. It has a unique position in being an independent, privately funded institution led by eminent artists and architects whose purpose is to be a clear, strong voice for art and artists.  Its public programme promotes the creation, enjoyment and appreciation of the visual arts and architecture through exhibitions, education and debate. The Royal Academy of Arts is housed in one of the grandest 17th Mansions in central London which spans Piccadilly to Bond Street in Mayfair. For its 250th Anniversary year in 2018, the RA opens an extended campus with state of the art teaching facilities and dedicated educational spaces including a 250-seat lecture theatre, the Clore Learning Studios and the Wolfson British Academy Room which is specially designed for executive education. The RA is at the heart of a vibrant cultural quarter, rich with world-class commercial galleries and private dealerships, as well as leading luxury brands and international craft-based goods and within a short walk of many of London’s top landmarks and public museums.

Also visit the RA website for a detailed description.
Click here for their 2018 Anniversary and developments.