Monday, 27 January 2014

# 8 Copenhagen Business School (CBS)



Copenhagen Business School –  Copenhagen, Denmark
Fall Semester 2013


Nyhavn

The City & Main Attractions

Copenhagen is a blissfully modern, clean and structured city – almost the antithesis of laid-back Lisbon. Its collection of neighbourhoods is surprisingly diverse, as are its dining and nightlife scenes. Sightseeing is a rather relaxed affair – two or three days are ample to see the ‘highlights’. 
Firstly there is Nyhavn, the picturesque ensemble of coloured houses lining the harbour, which you will undoubtedly see numerous times with visiting friends. It’s especially lovely in summer, when you can grab a beer and sit on a dock facing the restaurants and the whirl of tourists. Then there’s the Little Mermaid statue north of the city centre, which could be described as a little underwhelming. In terms of architectural excellence, the Royal Danish Theatre and the Black Diamond (a futuristic extension of the Royal Library) certainly outdo themselves. The latter is also a great place to study when all the library seats at CBS are booked up. 

 




 
The city centre




Tivoli with its Christmas lights





Unlike Southern European cities, Copenhagen seems to come alive as winter approaches, with the relatively austere city transformed by twinkling Christmas lights. Taking this one step further is Tivoli Gardens, a theme park whose elaborate Christmas decorations turn it into a veritable winter wonderland, although it is worth a visit at anytime of the year. After a trip to the famed Carlsberg factory, there is also the Ny Carlsberg Glyptotek. It’s an art museum that’s free on a Sunday - and probably not worth paying for any other day - but it does have an exciting assortment of Egyptian artifacts. 

Last but not least is Christiania, an autonomous community on the island of Christianshavn, notorious for allowing the sale of marijuana. Despite its slightly seedy reputation, Christiania boosts a beautiful walkway around the lake, with the locals’ eccentric houses providing an extra element of curiosity. Keep an eye out for Christiania’s festivals; as this is one anarchist community that certainly knows how to throw a party.  

For a day trip, it is worth taking the train to the internationally acclaimed Louisiana Museum of Modern Art, situated roughly an hour’s train ride north of the city. Perched on a hillside overlooking the Øresund strait between Denmark and Sweden, the location alone makes for an interesting visit. It’s worthwhile checking which artists are currently exhibiting, as well as purchasing a return train ticket plus entry (for a discounted price) from the Copenhagen central station (København H).





The University & The Courses



Solbjerg Plads
















Copenhagen Business School (CBS), with its 18,000 students, is one of the largest business schools in Europe. The university is located in Frederiksberg, close to the center of Copenhagen and the courses take place in 4 different buildings. 

The university is very modern and offers various study rooms which can be booked online in advance. Also the library (situated in the building Solbjerg Plads) is huge and is spread over 3 floors. Individual study seats can be found in any of the 4 buildings and also have to be booked online. Yet, usually it is still possible to find an empty seat when you arrive early in the day.




Solbjerg Plads

The international office of CBS is very helpful and offers a buddy program. Moreover, the CEMS club was very active during our semester and organized lots of nice activities such as a Running dinner, Wine tasting or a Christmas gala.



The semester starts at the beginning of September and usually lasts until mid December. Yet, some exams might also take place in January, therefore it is advisable to check out the exam dates when choosing the courses. 

The courses at CBS are very academic and research oriented. CBS only offers courses which are worth 7,5 ECTS. Yet some of the courses might only last for half of the semester. In all of the courses you are expected to read a huge amount of academic papers throughout the semester. It is up to the student if and when to read the papers. In our courses we formed a group of students where every student summarized one paper which didn’t make it necessary to read every paper in detail. However, reading the papers is usually required for exams or you have to relate to them when writing a paper. Finally, the workload at CBS is in general much less compared to Nova.





During our semester we took the following courses:



Global Strategic Management (CEMS obligatory) (7,5 ECTS):

We had to do a group presentation without receiving a grade for it. At the end of the course we had a 72 hours case exam. An interesting course where you learn a lot but the grade average was very low with a C.



Pharmaceutical Marketing Management (7,5 ECTS)

We can highly recommend this course for anyone that is interested in working in the pharmaceutical industry. You will be working on a group project, in our case a launch plan for a new drug. You are required to hand in a paper, followed by an oral exam where questions are asked about the project and about the material of the whole course.



Neuromarketing (7,5 ECTS):

Also a very interesting course. The grading is only based on a 15 pages individual assignment that you write at the end of the course (no exam!).




Online Marketing (7,5 ECTS):

We were very disappointed about the course since the content was very theoretical and not up to date at all. We had to hand in a paper about a group project and had an oral exam at the end of the course.



In every course we received weekly about 2-6 academic papers which we had to read + chapters in the corresponding books. In general it is up to the student to attend the classes and participation is usually not part of the grade.



Here is also a list of the courses that were offered in our semester. Each course is worth 7,5 ECTS:

1) Introduction to System Dynamics

2) Competing on Social Networks

3) Financial Models in Excel

4) International Logistics Management

5) Process Management

6) Pharmaceutical Marketing Management

7) Strategy Problem Solving in Management Consulting

8) Flash of Genius

9) Social Entrepreneurship

10) Neuromarketing

11) From Good Idea to Venture: How high potential start-up companies overcome strategic issues

12) International negotiations

13) Financial Markets and Instruments

14) International Financial Markets

15) Theory of the Firm

16) Business Analytics (course open only to CEMS students)



It is also possible to choose one course which is not in the list of the CEMS courses (in our case the Online Marketing course) or to take the CEMS research project.



The grading system at CBS differs from Nova. Generally, an A is quite difficult to get and a C is still regarded as a very good grade.








The Block Seminar: Corporate Social Responsibility


For the block seminar we already had to read in advance a huge compendium of academic papers. The seminar itself consisted of a mix of lectures, group work, presentations and guest speakers. In general we received a good and broad overview of Corporate Social Responsibility. At the end of the week we had a 24 hours exam with about 10 pages to write.

This was our course schedule for the week:










Accommodation

Competition for apartments is fierce; so start searching as soon as you know you’re headed for Copenhagen. We discovered our apartment through boligportal.dk, and also found the ‘Housing in Copenhagen’ Facebook page to be useful. Yet finding a place in Copenhagen, akin to finding a job, is all about whom you know. If you have any contacts, let them know you’re coming and hopefully they can keep an ear to ground and inform you of any apartments that will soon be available. Most places are filled before even making it to any kind of advertisement. 

Although generally most people take what they can get, certain areas are hotly in demand. Nørrebro is the up and coming hipster neighborhood, jam packed with cafes, bars, a cemetery that the locals happily use as a park and a couple of clubs – it’s a cosy atmosphere. Vesterbro and Frederiksberg are upmarket neighborhoods close to Uni that also have an array of shops, bars and cafes – plus you’ll be thankful you don’t have to bike as far when the temperatures start to drop.


Roughly a third of the CEMSies lived in Halls of Residence, however they are generally overpriced and filled with wild Erasmus students – so don’t expect to get much studying done. The exception is Tietgen, an amazing hall that’s famed for its architectural design, and surprisingly, is less expensive than most other options. 

If you don’t get a place in one of the residences or if you would like to find a room on your own, you should check out the following facebook sites:

-          Accomodation in Denmark

-          Housing in Copenhagen (private)

-          Shared-flats Copenhagen

-          Copenhagenrentalservice-studenhousing

-          CBS-Housing / Study abroad







Dining

The epitome of a wealthy cosmopolitan city, Copenhagen has an endless array options when dining out. Sadly most of these won’t fit within a student budget. Topping this list is Noma, considered the world’s best restaurant, which is renowned for its locally sourced ingredients and molecular gastronomy. 

For more affordable options, consider the area of Nørrebro, with its eclectic range of foreign food joints (including your typical 3am kebab spots) or along Istedgade, a street in Vesterbro. Danes are also skilled in the art of brunch, with Kalaset, Paludan Bogcafé, Granola and Laundromat Café(s) offering a great spread to help with that hangover. If you are looking to meet up later in the day however, Mother (legendary for its pizzas), Cocks & Cows, Bang & Jensen or Dalle Vale are trustworthy options. Also, close to University is Forno a Legna, a place frequented by Italians – indicative of just how delicious the pizzas are. 

For a quick and easy lunch, opt for a traditional Smørbrød, an open rye sandwich with quirky Nordic toppings such as herring (or safer options like chicken). Worth a visit is Torvehallerne; a vibrant covered market in the city centre where you can find a superb selection of exotic produce, as well as small restaurant stalls offering everything from tapas to porridge. Finally, the CBS cafeterias offer a range of hot and cold meals, as well as coffee and pastries for very reasonable prices. Plus they are open until 9pm – so you won’t be left fending for yourself from the vending machines.




Café Paludan





Nightlife



Copenhagen has a lot of great bars to offer, many of them are open until around 3 to 5am and don’t cost any entrance. Most of the bars can be found in the Meatpacking district and in the city centre.

Drinks such as cocktails or wine are very expensive when you go out but some bars offer happy hours. A beer usually costs about 7 Euros. The cheapest alternative is to have pre-drinks and then head out to the city afterwards. Here is a list of some of our favorite bars:

-          Bar 7 (Dance Floor, lounge)

-          The Jane (Club and cocktail bar, mixed music)

-          Zefside (Cocktail bar, dance floor, happy hours)

-          Zoo Bar (Dance Floor, mixed music)

-          Karriere Bar (In the Meatpacking district, dance floor, hipster)



Furthermore, we recommend you to check out the following clubs:

-          Sunday’s

-          Molly’s

-          Rust



Also you should stop by Nexus, a bar in the Solbjerg Plads building. Every Thursday evening at Nexus there is a party with dancefloor and a DJ and happy hour with very cheap beer.





Transport

Biking is a religion in Denmark and there are few cities in the world that are so accommodating to cyclists as Copenhagen. Although the metro and buses are swift and reliable, they are also rather on the pricey side – unless you want to forgo a bike completely and use a monthly travel pass. However, if you are keen to acclimatize yourself to Danish living, there is no better option than getting a bike. Try to organise one before you arrive, as finding a bike at the start of the semester is hugely competitive and you’re likely to suffer from inflated prices as a result. 

Nørrebro is the best area for bike shopping, or alternatively keep an eye on the ‘ESN CPH: Give-Buy-Sell-Rent’ page on Facebook. It’s also worth asking around your Danish friends, as many of them have a spare bike – we both managed to borrow our flatmate’s spare bikes for the whole time we were there. If you end up with the inevitable flat tyre – there are numerous bike shops dotted around the city (most of which also have air-pumps outside during opening hours), so keep an eye out for one close to you. Additionally, make sure you have a good set of lights, as there are steep fines if you’re found without them, and learn the basic hand signals that will keep you from getting run down by fellow cyclists. Overall, it’s a very convenient way to get around, plus social cycling to Uni or out to town will make for a few memorable times. 


If you’re looking to fly out of Copenhagen airport (Lufthavn), the metro runs directly to it, streamlining the whole travel process. However, if you’re after a low-cost airline, you’ll have to head over to Malmö Airport (Sturup) in Sweden, home to favourites such as Ryanair and WizzAir. Make sure to take into account the added expense of a return trip (200DKK for the 737 Bus, or more for the train), plus a couple of extra hours at each end. At least you get to say you’ve been to Sweden and cross the impressive Øresund Bridge, which plunges under the sea at a certain point.  

-By Ella Cullen & Bianca Kriegisch, Class of 2013/2014

Term abroad - Fall 2013

Thursday, 19 September 2013

# 7 University of Economics, Prague (VSE)

Overview of VSE’s main campus and main hall


University of Economics, Prague - Prague, Czech Republic


The faculty of VSE is somewhat a mix between academic courses and more practical ones. Indeed, some teachers you will have are very much academic oriented and the theory is crucial for the final exams.  On the other side you might encounter some teachers – mostly visiting teachers – who do not care for exams but instead demand individual papers, throughout the course. 
The semester starts in February and officially ends in late June. I say officially because I was able to finish in May, so this might be a problem for those of you who tend to come here with an Erasmus grant, as you need to give the exact dates of your official stay at VSE. Since the Exchange office here in Prague considers the day of your last exam as the end of your official stay, I would advise you to contact them when you are applying for the Erasmus grant and explain the situation beforehand in order to avoid unnecessary red tape on your return!  


As for the courses offered here at VSE, they tend to be fairly stable over the years so you might except to find the same:


Courses offered Spring Semester 2013:
Course Name
ECTS
Accounting Information for Financial Management
6
Business Strategies
3
Corporate Finance
7
Elementary Czech for Foreigners
6
Entrepreneurship and New Business Venturing
7
Financial Derivatives I
3
International Financial Markets - in English
3
International Marketing CEMS - in English
7
International Marketing Management System Online (GMMSO): Planning and Strategy
3
International Strategy (in English)
7
Introduction to Economic Analysis of Contract and Corporate Law
4
Joint Ventures and Multinational Corporations
6
Management and Business Communication Skills Seminar
1
Maritime and Multimodal Transportation
6
Multicultural Europe
3
New Trends in Leadership and Management
4
People Management in Multicultural Environment
4
Psychology of Management
7
Purchasing
4
Strategic Marketing in Simulations
4
System of Intensive Development of Individual Abilities
4
  

The main difference with Nova can be found in the fact that there are no short courses, since the semester is not divided in two parts, as such all courses last for the duration of the whole semester. The only exception to that are the intensive courses which are worth 3 ECTS, and normally last 3 days. Now this might seem as a nice trade-off, but they normally require a lot of work after the course. In my case we had to come up with to come up with a business strategy for a new company, with everything in mind – from HR policy, to a financial analysis of the next 5 years – all of this in 15 to 20 pages, during the BP final phase. 

A final warning considering the grading system here at VSE, their grade conversion for the CEMS is different: 











So in order to get an A in your CEMS diploma you will need to finish a course with 18,6! Also there is no rounding up your grades.


The Business Project offer here at VSE is pretty diverse, although we had this year a very strong presence of Marketing and social media subjects. It is also noteworthy that last year’s best BP was from the VSE.  List of BP this year:


  • ABB - Way from analysis of social media environment through recommendations to story for infographic
  • Google - Building strong brands online (Participate on the brand strategy creation for one of the top Google client)
  • "Komerční banka - Impact of a “Regulation (EU) No. 260/2012 of the European Parliament and of the Council of 14 March 2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009” to non Euro countries (focused on Czech republic)"
  • L´Oréal - Analysis of e-commerce cosmetics business in the Czech Republic and construction of a LOréal e-commerce business plan
  • McKinsey - Opportunities for Private Equity at the dawn of Healthcare reform
  • Plzeňský Prazdroj - Communication of beer brands on Facebook
  • Plzeňský Prazdroj - How to get young people 18 – 30 from their online life to real consumption (pubs, bars, hypermarkets, etc.)?
  • Procter&Gamble - Gamification strategy for eCommerce
  • Unibail-Rodamco - How to stay the leading edge operator in the real estate industry?
  • Unicredit Bank - Behavioural analysis on dynamics of clients indebtedness
  • Hilti – Management and profitability steering of technical campaigns




I have to say that in my case (McKinsey project), our advisors both academic and from the company, were always present for us and we had meetings with them twice a week, sometimes at 7h00 in the morning. Although tough the whole experience was very positive and from what I have heard from other teams the general feedback was pretty positive as well.




In terms of living in Prague, I have to say that although I had already worked in the city previously being here as a student is a totally different experience. 

First of all the city is very cheap in terms of restaurants and living expenses (my only advice avoid the city center, it’s a tourist trap and prices tend to double or triple…). Public transportation are cheap (around 30€ for 3 months all transports included) and excellent, as day trams end their shift at midnight and night trams start at 23h30 and run every half hour all night long. So whenever you’re out in a bar or club you shouldn’t worry that much about transportation, just be sure to be appropriately dressed in the winter. 

There is always a huge community of Erasmus students and as such there are a lot of activities for them, also the CEMS club is very active and there are events organized almost every week (cocktails, parties, corporate events…).

Communism still present in the mind of Czech people :)
 
The people in Prague are generally friendly and are able to speak English as they are lots of tourists all year long, but sometimes you will fall on some unfriendly staff, especially in the subway. If by any chance you find somebody who does not speak English at all (VSE library personnel for example), you should go for German as a lot of elderly Czech speak the language.

In terms of housing, it will be difficult for you to find anything if you are not personally visiting the places and I would advise against renting anything before you see the place, as there are lots of scams (some CEMS students were victims of this). My advice would be to come to Prague one month before the start of the semester and visit some places, also avoid agencies as they tend to overcharge a lot, typical prices for a good flat go around 300-400€. 

            Less than 1€!                       Czech food can be a bit heavy!
 
Food wise the faculty has 3 cantinas, and prices are around 2€, but as I told you before, restaurants are cheap, you can have a lunch in good restaurant for less than 5€, and in some excellent restaurants for less than 10€ (no cheap fish though…). Also for smokers do not expect to quit smoking in Prague as prices are very low: Marlboro red costs 3.45€ ;)!


Riegrovy Sady and its beer garden – 2 minutes’ walk from the faculty

Prague is also full of parks and beer gardens; actually one is located behind the faculty and has an amazing view of all of Prague, which is pretty nice when you want to go have a drink or just relax. 

Overall I would have to say that the city is well prepared to welcome foreign students and if you ever encounter any problem during your stay you can always count on the friendliness of both the CEMS office and the CEMS club.

P.S. study carefully VSE’s intranet (ISIS), it can be complicated sometimes, but is really useful once you get used to it.

---

Samuel Eric Antonio da Cruz Teodosio Marques, Class of 2012/2013 
Term abroad - Spring 2012