EBS University of Business and Law

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EBS Universität für Wirtschaft und Recht [1]
Motto Inspiring Personalities.
Established 1971
Type Private
President Rolf Wolff
Academic staff 33 Core Faculty Members (therof 25 Business school, 8 law school), 11 adjunct Professors, 19 honorary professors und 7 international visiting professors [2]
Students 1.514
(including doctoral students)
Location Wiesbaden, Oestrich-Winkel, Hessen, Germany
Website http://www.ebs.edu/

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.

History[edit]

View into the inner courtyard of EBS Business School

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.

Campus of EBS Business School

Focus areas[edit]

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.

Programmes[edit]

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. The 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[edit]

EBS Business School at EBS Universität offers the following degree programmes for business students:

Full-time Bachelor Programmes[edit]

  • Bachelor of Science (BSc)
    • Bachelor in General Management
    • Bachelor in General Management – International Business Studies
    • Bachelor in General Management – Aviation Studies

Part-time Bachelor Programme[edit]

  • Bachelor in General Management – Part-time

Full-time Master Programmes[edit]

  • Master of Science (MSc)
    • Master in Management
    • Master in Automotive Management
    • Master in Finance
    • Master in Real Estate

Part-time Master Programmes[edit]

  • Executive Master in Real Estate
  • Master in Real Estate Investment & Finance
  • Master in Wealth Management
  • Master in Business Innovation

Executive Programmes[edit]

  • DBS & EBS Executive MBA
  • EBS Full-time MBA
  • Executive MBA Health Care Management
  • Master in Business Innovation (MBI)

Doctoral Programmes[edit]

EBS Law School[edit]

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)

Accreditations[edit]

All programs are accredited by the Foundation for International Business Administration Accreditation (FIBAA). In addition EBS Business School is accredited by EQUIS.[3] 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.

Since 29. Mai 2012 EBS also holds the die institutional accreditation by the German science council.

Rankings[edit]

  • The "Master in Management" program was ranked 14 worldwide and top 3 in Germany at the 2014 Financial Times ranking. In "Corporate Strategy" and "Organisational Behaviour" it is ranked number 1 worldwide.[4]
  • EBS ranked 2nd at the QS Global 200 Business Schools Report 2013/14 „MBA Employers Choice in Germany and rank 20 in Europe“.[5]
  • EBS was positioned among the best in 5 of the 5 considered evaluated areas at the CHE-Hochschulranking 2014.[6]

Financial Situation[edit]

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.[7] 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.[8]

The state Hesse had authorized 24.7 million Euro for the extension of the law school.[7] The Hessian Court of Audit accused the state government of lacking examinations of soundness and liquidity of the university.[9] In 2011 the state reclaimed nearly one million euro due to misappropriated usage of funds.[7]

The number of professors declined in the last year (status 2012). The university employs 38 senior and associate professors. [7] Furthermore, there are 32 extraordinary and honorary professors.[10]

In February 2013, the university announced, that the planned new building at Moritzstraße, intended to accommodate the law school and other central facilities, will not be built.

In the delayed financial statements for 2011, EBS stated a loss of 7.2 million euros for 2011, leading to a negative equity of 5.8 million euros. The report predicts further losses for the years 2012 and 2013.

Extension for payment of rent because of financial distress[edit]

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.[11][12] 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.[13] 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.[14]

Wage cuts and withdrawal of the Chancellors[edit]

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.[15] After employees had already forgone bonus payments for 2012, the recent loss of pay is supposed to have contributed to further staff losses.[16] 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.[17] His successor as chancellor, Olaf Güllich, left EBS only seven months after taking office on 31 October 2014.[18] Ever since, the office of Chancellor is vacant at EBS University.

Public Perception[edit]

Alcohol abuse by students[edit]

New EBS students caught attention in September 2010 as they over-consumed alcohol in September 2010 in very close proximity to the university as part of a freshman ritual.[19][20][21]

Initial funding of the law school through public funds[edit]

The foundation of the EBS Law School should initially be funded by the state Hesse and the city Wiesbaden with 25 million euro. [22] This was especially criticized because the budgets of public universities were cut at the same time.[23] In April 2011 it became known, that the public support was double than initially planned, now accounting for 50 million euro.[24] Zudem sei die Verwendung der bereits ausgezahlten Steuergelder ungeklärt.[25] 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.[26] 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.[27]

Parliamentary commission of inquiry, State Prosecutor Raid at EBS in 2014[edit]

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.[28] 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 9th, 2014.[29] A total of four offices and the flats of three indicted actual and former EBS management staff members were searched. [30]

Student life[edit]

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.

Directors[edit]

Notable alumni[edit]

International network[edit]

The EBS maintains a global network of partner universities for the mandatory semester abroad. These universities, among others, belong to the network:[35]

References[edit]

  1. ^ http://www.ebs.edu/index.php?id=5290&L=1
  2. ^ Hessische Landtagsdrucksache 19/818 [1]
  3. ^ http://www.ebs.edu/cms/accreditations.html?&L=0
  4. ^ https://www.ebs.edu/en/about-us/press/news/news/artikel//der-master-in-manage.html
  5. ^ http://www.topmba.com/mba-rankings/region/europe
  6. ^ http://ranking.zeit.de/che2014/de/hochschule/78
  7. ^ a b c d Stefani Hergert: Privat-Uni unter Beschuss. In: Handelsblatt. Nr. 164, 24., 25., 26. August 2012, ISSN 0017-7296, S. 62 f (gekürzte Fassung online).
  8. ^ Nach Prüfung durch Landesrechnungshof: EBS in Wiesbaden droht die Pleite. In: Wiesbadener Tagblatt, 10. Dezember 2012 (online).
  9. ^ Rechnungshof bemängelt laxe Prüfung. In: Frankfurter Allgemeine Zeitung, Nr. 194, 21. August 2012, S. 21 (online).
  10. ^ http://www.ebs.edu/artikel.html?&L=0&cHash=0cb02b73b94a5fb556b43dec41535b1e&tx_ttnews%5BbackPid%5D=5306&tx_ttnews%5Btt_news%5D=1592
  11. ^ FAZ: Stadt stundet der EBS die Miete, 27. Mai 2013
  12. ^ Frankfurter Rundschau: EBS darf Miete später begleichen, vom 25. Mai 2013
  13. ^ FAZ: Stadt stundet der EBS die Miete, 27. Mai 2013
  14. ^ Wiesbadener Kurier: Stadt Wiesbaden lehnt Stundung der Miete ab - EBS-Universität weiter in Finanz-Not, vom 26. November 2013
  15. ^ Wiesbadener Kurier: [2], 27. November 2013
  16. ^ MBA-Journal: EBS-Finanznöte, 3. Dezember 2013
  17. ^ FAZ:Auch Garlichs verlässt die EBS, vom 26. November 2013
  18. ^ MBA-Journal:EBS: Prominente Abgänge, vom 30. Oktober 2014
  19. ^ Elitäres Saufgelage im Freien - Polizei rettet Studenten, n-tv 5. September 2010
  20. ^ Die Zeit: Die European Business School will ihr Image verändern, vom 3. Januar 2011
  21. ^ Frankfurter Rundschau: Koma-Saufen an Elite-Uni, vom 5. September 2010
  22. ^ Wiesbaden wird Sitz einer Universität, FAZ, 3. Juni 2009
  23. ^ Universitätsstadt Wiesbaden "Da haben wir ein Ding gedreht", Frankfurter Rundschau, 17. Juni 2010
  24. ^ European Business School - Immer mehr Steuergeld für die EBS, Frankfurter Rundschau , 11. April 2011
  25. ^ Privatuniversität EBS: Wo steckt das Geld des Landes?, Frankfurter Rundschau, 14. April 2011
  26. ^ 29. April 2011 - Pressemitteilung
  27. ^ [3]
  28. ^ "Zeuge sieht "Missbrauch von Steuergeldern"". hr online. Retrieved 2014-04-09. 
  29. ^ "Betrug mit Fördergeld? Razzia bei European Business School". hr online. Retrieved 2014-04-09. 
  30. ^ Frankfurter Allgemeine Zeitung: European Business School. Betrugsermittlungen gegen Mitarbeiter der EBS, vom 9. April 2014
  31. ^ [4], on May 27th 2012
  32. ^ Philipp Schindler | Economist Conferences UK, am 18. Oktober 2011
  33. ^ Philipp Schindler steigt in Google-Führungsriege auf, am 18. Oktober 2011
  34. ^ http://corp.mbfs.com/mbfs-na/0-1204-1465908-1-1504903-1-0-0-0-0-0-18689-1465901-0-0-0-0-0-0-0.html
  35. ^ [5]

External links[edit]

Coordinates: 50°00′45″N 8°03′00″E / 50.01250°N 8.05000°E / 50.01250; 8.05000