EBS University of Business and Law
|EBS Universität für Wirtschaft und Recht|
|33 Core Faculty Members (therof 25 Business school, 8 law school), 11 adjunct Professors, 19 honorary professors und 7 international visiting professors |
(including doctoral students)
|Location||Wiesbaden, Oestrich-Winkel, Hessen, Germany|
The private EBS Universität für Wirtschaft und Recht in Wiesbaden and Oestrich-Winkel was founded in 1971. The university's activities focus on 3 core areas: undergraduate, postgraduate programs and executive education. The EBS Universität für Wirtschaft und Recht has the right to award doctorate and habilitations.
With the foundation of its law faculty, European Business School International University was awarded university status, forming EBS University of Business and Law.
- 1 History
- 2 Financial Situation and Distress
- 3 Focus areas
- 4 Studies
- 5 Accreditations
- 6 Rankings
- 7 Controversies, State Prosecutor Inquiries and Raids, EBS Parliamentary Commission of Inquiry
- 8 Directors
- 9 Notable alumni
- 10 International network
- 11 Filmography & Books
- 12 References
- 13 External links
EBS was founded in Offenbach am Main as a University of Applied Sciences by Klaus Evard in 1971. The young institution was named European Business School. In 1980 the School moved to Schloss Reichartshausen in Oestrich-Winkel in the Rheingau. In 1989 it was awarded higher education status, in 1993 the right to confer doctoral degrees and in 1998 the right to confer post-doctoral (professorial) qualifications. In 2005 EBS opened its second campus location in the Rheingau Palais in Wiesbaden-Schierstein, which became the institution's official seat in 2008. On 16 June 2010, EBS Law School was founded as a second faculty alongside EBS Business School and "Universität in Gründung" (University under formation) status was gained. EBS Law School is located in Wiesbaden and the official seat of EBS Universität has now been moved from Wiesbaden-Schierstein to the Gustav-Stresemann-Ring in Wiesbaden. Since September 2011 the EBS Universität für Wirtschaft und Recht has the official status of a university.
Financial Situation and Distress
At the end of 2010 the equity accounted for 1.45 million euro and according to media coverage the equity was nearly exhausted at the end of 2011. At the end of 2012 the Hessian Court of Audit reported that without lasting addition of equitay of equity-similar loans the EBS is unable to prevent debt overload and secure liquidty. The Hessian Court of Audit also accused the state government of lacking examinations of soundness and liquidity of the university. In 2011 the state reclaimed nearly one million euro due to misappropriated usage of funds.
After EBS had announced a deficit of 2.2 million euros for 2010, in its delayed financial statements for 2011, it had to state a loss of 7.2 million euros for 2011. This lead to a negative equity of 5.8 million euros. The report predicted further losses for the years 2012 and 2013.
Extension for payment of rent because of financial distress
In May 2013, reports by renowned German newspapers Frankfurter Allgemeine Zeitung and Frankfurter Rundschau made public, that the City of Wiesbaden had granted EBS an extension for payment of the rent due for the premises used by EBS at Wiesbaden. In total, a sum of 400.000 € rent for the months April to December 2013 was concerned. Rainer Schäfer, CEO of the municipal Holding WVV, justified the disputed extension for payment, by stating that EBS would have become insolvent, if the City of Wiesbaden had not made such concessions.
After the economic situation of EBS remained critical throughout the year 2013, the university asked the City of Wiesbaden for another extension for payment in November 2013. This concerned another 188.000 Euro rent due in 2014. However, the City of Wiesbaden refused to make more concessions and leading municipal politicians recommended that EBS should rather enter insolvency proceedings.
Wage cuts and withdrawal of the Chancellors
Since the envisaged extension for payment was an essential component of the financial survival plan, the rejection by the city of Wiesbaden forced employees to agree upon the cutting of part of their salary and all bonus payments for 2013 and 2014. After employees had already forgone bonus payments for 2012, the recent loss of pay is supposed to have contributed to further staff losses. On the same day on which the rejection of the extension for payment by the City of Wiesbaden had become public, EBS announced that long-term Chancellor Georg Garlichs would leave EBS as from April 1, 2014. His successor as chancellor, Olaf Güllich, left EBS only seven months after taking office on 31 October 2014. Ever since, the office of Chancellor is vacant at EBS University.
Besides attending courses in business, management and economics, all students take a course in philosophy that delivers fundamental knowledge in the philosophy of science and ethics. Furthermore, the EBS Coaching programme is offered to all students and doctoral candidates. Each year, the EBS Symposium invites leading figures from the business world, students and journalists to the Rheingau. The University also offers professional continuing education programmes for specialists and managers. EBS is a member of the academic section of the UN Global Compact, a global initiative to promote corporate citizenship.
A focus of education is set on personality development: every student has the option to receive several coaching sessions from successful business managers in each semester. Apart from their studies in business, economics and management, students participate in a studium universale that teaches important concepts of philosophy and ethics. EBS also offers executive education and off-the-job training for leaders and future leaders in management.
Besides the Business School, four affiliated academies offer a number of Post-Graduate-Studies: the EBS Immobilienakademie (EBS Academy of Real Estate), the EBS Finanzakademie (EBS Academy of Finance), the EBS Gesundheitsakademie (EBS Academy of Health) and the EBS Management Academy.
EBS Business School
- Bachelor in General Management (1 semester abroad mandatory for German students)
- International Business Studies (3 semesters abroad)
- Bachelor in General Management – Aviation Studies (1 semester abroad mandatory for German students)
Bachelor of Science - Part-Time
The part-time bachelor takes 8 semesters and is accredited with 210 ECTS.
- Bachelor in General Management
Master of Science (MSc) - Full-Time
Students can choose between a 3 semesters programme with 1 semester abroad, accredited with 120 ECTS, and a 4 semesters dual-degree programme with 2 semesters abroad, accredited with 140 ECTS. For non-German students an abroad semester is non-mandatory.
- Master in Management
- Master in Automotive Management
- Master in Finance
- Master in Real Estate
Master of Science (MSc) - Part-Time
The part-time bachelor programme is accredited with 90 ECTS and takes 4 semesters.
- Executive Master in Real Estate
- Master in Real Estate Investment & Finance
- Master in Wealth Management
- Master in Business Innovation
- DBS & EBS Executive MBA
- EBS Full-time MBA
- Executive MBA Health Care Management
- Master in Business Innovation (MBI)
EBS Law School
Since September 2011, EBS Law School at EBS Universität offers the following first degree programmes for law students:
- First examination in law (previously First State Examination)
- Bachelor of Laws (LLB)
- Master of Arts in Business (MA)
Students get together in student initiatives, so called "ressorts", to address social concerns, organize special events or consult small and mid-sized businesses. One very important event is the annual EBS Symposium which brings together renowned personalities of business and politics with students and journalists to discuss current business issues.
- EQUIS: As one of only 3 Business Schools in Germany EBS is accredited by EQUIS. The EFMD judges EQUIS-aspirants by ten criteria. Among those are the quality of the program, the students and professors, the executive education, the network with companies as well as the contribution to society.
- FIBAA: All programs are accredited by the Foundation for International Business Administration Accreditation (FIBAA)
- Accredited by the science council: Since 29. Mai 2012 EBS also holds the die institutional accreditation by the German science council.
- Master in Management
- 2014: #3 in Germany and #14 worldwide; #1 worldwide in "Corporate Strategy" and "Organisational Behaviour" 
- Bachelor (Business School)
- 2014/15: Ranked among the best in 5 of the 5 considered evaluated areas 
- Master (Business School)
- 2014/15: Ranked among the best in 5 of the 5 considered evaluated areas
- Business School: #3 in Germany.
- Master in Management: #2 in Germany and #14 in Europe. 
- Master in Real Estate Management: #1 in Germany and #2 worldwide 
- Master in Financial Markets: #1 in Germany and 17 worldwide 
- MBA Full-Time: #3 in Germany and #25 in Western Europe 
- Exec. MBA Part-Time: #2 in Germany and #19 in Western Europe 
Controversies, State Prosecutor Inquiries and Raids, EBS Parliamentary Commission of Inquiry
Alcohol abuse by students
Initial public funding of the law school
The foundation of the EBS Law School should initially be funded by the state Hesse and the city Wiesbaden with 25 million euro.  This was especially criticized because the budgets of public universities were cut at the same time. In April 2011 it became known, that the public support was double than initially planned, now accounting for 50 million euro. Zudem sei die Verwendung der bereits ausgezahlten Steuergelder ungeklärt. At the end of April the Hessian Ministry for Science announced to examine the reports on expenditure of funds and to freeze all aid money. As a result of the examinations the university had to repay 950,000 Euro, which were during the presidency of Christopher Jahn used for other causes than for the startup of the law school.
EBS-Parliamentary commission of inquiry, State Prosecutor Raid at EBS in 2014
In the parliamentary commission of inquiry of the State of Hesse as to the potential abuse by EBS of subsidies granted for the setting up of the new law faculty former EBS head of financial affairs Klaus-Peter Niesik in 2013 admitted that EBS had manipulated and brightened data in order to get State subsidies leading to the abuse of tax money. Inquiries by state prosecuters because of a potential fraud at the expense of the State of Hesse led to another state prosecutor raid at the premises of leading EBS management staff on April 9, 2014. A total of four offices and the flats of three indicted actual and former EBS management staff members were searched.
- Walter Leisler Kiep
- Christopher Jahns
- Rolf Cremer
- Rolf Wolff
- Cornelius Boersch, Business Angel
- Matthias Brandl, former MD of Deutsche Bank AG London. Founder of CHPartners.
- Roy Brandon Burgess, Executive Vice President, International Channels & Business Development, NBC Universal
- Rolf Hansen, Christian Magel and Thomas S. Enge, founders of Simyo GmbH
- Mark Korzilius, founder of Vapiano
- Prince Maximilian of Liechtenstein, CEO LGT Group
- "Mad" Marvin Rettenmaier, Winner of the X. World Poker Tour Championship 2012 
- Kai-Uwe Ricke, former CEO of Deutsche Telekom AG
- Philipp Schindler, Vice President of Google 
- Jochen Zeitz, CEO of Puma
- Peter Zieringer, CEO of Mercedes Benz Financial Services Americas Region
- Martin Krebs, CEO of ING-DiBa
- Jan-Henrik Lafrentz, CFO of Bentley
- Markus Schrick, CEO of Hyundai Motor Deutschland GmbH
- Dr. Christian Acosta-Flamma, Vice President of SAP AG
- Stefan Eikelmann, Member of the board of directors of Booz & Company
The EBS maintains a global network of partner universities for the mandatory semester abroad. These universities, among others, belong to the network:
- Bocconi University
- Brock University
- Cass Business School
- China Europe International Business School
- Copenhagen Business School
- Cornell University
- EADA Business School
- George Washington University
- Peking University, Guanghua School of Management
- Hong Kong University of Science and Technology
- Indian Institute of Management Calcutta
- Indian Institute of Management Udaipur
- Kozminski University
- University of Melbourne
- Pepperdine University
- Skema Business School
- Tsinghua University
- Tilburg University
- National University of Singapore
- Universidade de São Paulo (USP)
- Sogang University
- Stellenbosch University
- Yonsei University
- Oxford Brookes University
- University of Leeds
- Hanken School of Economics
Filmography & Books
- Gestatten: Elite – Auf den Spuren der Mächtigen von morgen. (Engl.: I am Elite - On the Trails of tomorrows Forceful) Book, Hoffmann und Campe, Hamburg 2008, ISBN 978-3-455-50051-6
- „grow or go“. The Architects of the „global village“. Documentary, Germany 2003, 94 Min., Buch: Marc Bauder, Dörte Franke, Regie: Marc Bauder, Produktion: ZDF, Das kleine Fernsehspiel (Four absolvents are followed on their way to become consultants)
- „Von Anfang an Elite“ (Engl.: Elite From the Beginning). Documentary, Deutschland 2008, 45 Min., Buch: Julia Friedrichs, Eva Müller, Produktion: WDR, Die Story
- „Die jungen Manager“ (Engl.: The Young Managers). Documentary about the expectations of the future managers, Germany, 5.06 Min., 25. März 2013
- Hessische Landtagsdrucksache 19/818
- Stefani Hergert: Privat-Uni unter Beschuss. In: Handelsblatt. Nr. 164, 24., 25., 26. August 2012, ISSN 0017-7296, S. 62 f (gekürzte Fassung online).
- Nach Prüfung durch Landesrechnungshof: EBS in Wiesbaden droht die Pleite. In: Wiesbadener Tagblatt, 10. Dezember 2012 (online).
- Rechnungshof bemängelt laxe Prüfung. In: Frankfurter Allgemeine Zeitung, Nr. 194, 21. August 2012, S. 21 (online).
- MBA-Journal: EBS-Jahresbilanz 2011: Mit 7,2 Millionen Euro im Minus, 14 June 2013
- FAZ: Stadt stundet der EBS die Miete, 27. Mai 2013
- Frankfurter Rundschau: EBS darf Miete später begleichen, vom 25. Mai 2013
- Wiesbadener Kurier: Stadt Wiesbaden lehnt Stundung der Miete ab - EBS-Universität weiter in Finanz-Not, vom 26. November 2013
- Wiesbadener Kurier: , 27. November 2013
- MBA-Journal: EBS-Finanznöte, 3. Dezember 2013
- FAZ:Auch Garlichs verlässt die EBS, vom 26. November 2013
- MBA-Journal:EBS: Prominente Abgänge, vom 30. Oktober 2014
- Pressemitteilung des Wissenschaftsrats
- "The top 70 masters in management programmes" (PDF; 14 MB). FTbusiness education – Masters in management ranking 2014. Financial Times. pp. 26–28. Retrieved 2014-10-15.
- Elitäres Saufgelage im Freien - Polizei rettet Studenten, n-tv 5. September 2010
- Die Zeit: Die European Business School will ihr Image verändern, vom 3. Januar 2011
- Frankfurter Rundschau: Koma-Saufen an Elite-Uni, vom 5. September 2010
- Wiesbaden wird Sitz einer Universität, FAZ, 3. Juni 2009
- Universitätsstadt Wiesbaden "Da haben wir ein Ding gedreht", Frankfurter Rundschau, 17. Juni 2010
- European Business School - Immer mehr Steuergeld für die EBS, Frankfurter Rundschau , 11. April 2011
- Privatuniversität EBS: Wo steckt das Geld des Landes?, Frankfurter Rundschau, 14. April 2011
- 29. April 2011 - Pressemitteilung
- "Zeuge sieht "Missbrauch von Steuergeldern"". hr online. Retrieved 2014-04-09.
- "Betrug mit Fördergeld? Razzia bei European Business School". hr online. Retrieved 2014-04-09.
- Frankfurter Allgemeine Zeitung: European Business School. Betrugsermittlungen gegen Mitarbeiter der EBS, vom 9. April 2014
- , on May 27th 2012
- Philipp Schindler | Economist Conferences UK, am 18. Oktober 2011
- Philipp Schindler steigt in Google-Führungsriege auf, am 18. Oktober 2011
- „Von Anfang an Elite“ auf phoenix.de
- Die jungen Manager
- EBS - Official Homepage
- exebs - EBS Alumni Association
- EBS Symposium - Business conference organized by students
- EBSpreneurship - Entrepreneurship conference organized by students