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Less than a week after Spain’s credit rating downgrade, the participants of the ESADE-Georgetown Global Executive MBA arrived in Madrid this afternoon to undertake the next phase of the round-the-world programme set to give them firsthand experience of the economic crisis and recovery as well as an MBA.

In this, the fifth module on the GEMBA programme, entitled Entrepreneurship and Advanced Economies, the twenty-nine participants of this unique programme will attend classes, CEO forums and company visits in Madrid and Moscow. The classes, taught by professors from Georgetown and ESADE, will give them a deeper insight into the world economy, help them to be more entre/intraprenerial, develop their cross-cultural leadership skills, in addition to introducing them to a comparative institutional analysis of the politics of international finance.

Aside from time in the classroom, during their time in Madrid, the participants, who live and work all over the world, will be received by T.R.H. the Crown Prince and Princess of Spain, enjoy a lunch with former EU High Representative, Javier Solana and talks by the sub-governor of the Bank of Spain and CEO’s form Santander, Union Fenosa and Telefonica. The module will then continue next week in Moscow where they will visit Russian companies such as Zhostovo, SIA International and Zvezda.

Yesterday, however the module got off to a relaxed start with an evening tour of the old city of Madrid and a welcome meal at a traditional restaurant, one of the several cultural activities interwoven with a week-and-a-half’s hard study. Nevertheless, with an average age of 45 and as business leaders in many different sectors, participants are used to making the most of opportunities.

About the GEMBA Programme

Launched in 2008, the ESADE – Georgetown Global Executive MBA programme is a joint programme run by three schools: Georgetown University’s McDonough School of Business, their Walsh School of Foreign Service and ESADE Business School. This 16 month modular based MBA takes participants to Bangalore, Barcelona, Buenos Aires, Madrid, Moscow, New York, Sao Paulo and Washington DC. The group of 29 participants represents some 13 different nationalities. For more information see http://www.globalexecmba.com

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