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 The MBA Class of 1999 from the Institut de Management Hôtelier International Enjoyed Job Placement 
with 15% Salary Progression
Richard Edelstein New Director
Cergy-Pontoise �  6th  April 2000 - IMHI graduates MBA (class of 1999) Hospitality Management joined the global ranks taking a variety of positions with an average salary level 15 % higher than a year ago.

The majority (50 %) found employment opportunities in the hospitality sectors with Accor and Radisson SAS being the top employers this year. The number entering consulting has increased (yet) again with HVS International hiring IMHI graduates for the 5th consecutive year, and companies such as Arthur Andersen, Tokyo and KPMG Hospitality, Paris hiring graduates for the first time. The leisure industry, notably Disneyland Paris, also employed several 1999 IMHI graduates.

Although Europe maintained its top position, the placement of IMHI graduates significantly increased in North and South America (23 % of the class of 1999 are working in this region of the world). There has also been an increase in the number working in the Asia-Pacific region, indicating that the economic and political conditions (hindrances to employment development in hospitality last year) have become less critical to the job market.

The average entry level salary of IMHI graduates was 33 414 EUR ranging from 18 300 EUR to  57 874 EUR . This represents an increase of 15% compared to 1998, which can be explained by the higher compensation levels in Europe and the Americas, by the increasing number of graduates working for consulting companies and increased number working in finance or audit positions.

The significant rise in salary level may also be due to the fact that 1999 graduates were the first class to be awarded a Master in Business Administration (MBA).

The class of 1999 were on average 25 years old and an average professional experience of 3 years prior to IMHI. 45 % of them were international students representing 15 different nationalities.
 

IMHI was the first international hotel management school awarding a master degree in Europe, and today the only one to deliver an MBA in International Hospitality Management co-signed by Cornell University School of Hotel Administration and ESSEC Business School.

IMHI goals are to prepare the future leaders of hospitality industry through its two-year educational program which has a strong focus on the international hospitality industry.
 

The mission of the Institut de Management Hôtelier International, which  grants the MBA in International Hospitality Management, is to educate
managers with an international outlook, capable of leading the globalization  of the hospitality industry. 

IMHI was founded in 1981 with the specific objective of responding to the  need for increasing expertise and growing internationalization of the hospitality industry. 

The Cornell University - ESSEC partnership 
IMHI benefits from a solid and long-standing partnership between two prestigious international institutions: 

The program is open to undergraduates with a bachelor�s degree or a 3 year hotel school diploma, totally fluent in English and with a of minimum 12 months work experience in the hospitality industry.
 
Richard Edelstein New Director of Institut de Management Hôtelier International 
April, 20, 2000 - Richard Edelstein  is a native Californian, born and raised in the San Francisco Bay Area.  Following graduate school at the University of California, Berkeley, he has held numerous positions in university management and as a researcher on the politics of higher education in the U.S. and Europe. 

For 12 years he worked at Berkeley in various positions including Program Director in the Office of International Education, Assistant Director for Administration at the Institute of International Studies, and Research Associate at the Center for Studies in Higher Education. 

From 1987-1990 he was a researcher at the European Institute for Education and Social Policy (Université de Paris, Dauphine) where he completed research for his doctoral dissertation on management education in France.  He joined the International Association for Management Education (AACSB) in 1990 as Director of International Affairs where he developed programs and materials to assist business schools to increase the international dimensions of their programs and build partnerships with institutions and companies outside the U.S.  In 1997 he returned to France as Director of International Development at the Groupe ESC Nantes-Atlantique where he initiated a strategic plan for international development, worked on faculty recruitment and initiated a new program on business and management in Asia. 

He is co-author, with Guy Neave, of a chapter on graduate studies in France in The Research Foundations of Graduate Study  edited by Burton Clark (University of California Press 1993) and co-author with Joseph Johnston of Beyond Borders:  Profiles in International Education (Association of American Colleges and Universities, 1993).  In 1997 he published a chapter entitled "The American MBA:  Educational Traditions, Quality Issues and New Directions" in Das MBA-Handbuch edited by Bärbel Schwertfeger (Econ Verlag, Düsseldorf) and wrote "Going Abroad for your MBA" a chapter in Peterson's Guide to MBA Programs  (Peterson's, Princeton, New Jersey).

As the new Director of IMHI, Richard plans to build upon the solid foundation of the current program recognized for its international character, excellent students and alumni and a close relationship with the hospitality industry.  To maintain and enhance it's reputation, Mr.Edelstein believes that IMHI must remain vigilant in adapting its curriculum and teaching methods to the future needs of the industry and profession.  He feels it is important to develop and strengthen the collaboration with Cornell, to continue to build a strong and internationally recognized faculty,  to utilize appropriate new learning technologies to enhance learning and to continually engage with IMHI's industry partners to improve the quality of educational programs.  To achieve these aims, Richard is counting on the collaboration of students, faculty and alumni all of whom form the community and culture which make IMHI so unique and successful.

The ESSEC Business School is a private graduate school of management, accredited by the AACSB - The International Association for Management Education � Affiliated to the Chamber of Commerce and Industry in Versailles, Val d�Oise, Yvelines.

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Contact:
Anne Marie Husson / Geneviève Moccand
Corporate Relations Office
IMHI MBA in International Hospitality Management
ESSEC Graduate School of Management
Avenue Bernard Hirsch B.P. 105
95021 Cergy-Pontoise Cedex FRANCE
Tel. 01 34 43 31 72
Fax 01 34 43 17 01
Email : [email protected]
www.essec.fr/imhi
Also See: Cornell Hotel Society Forum Provides Advice to New Graduates and Professionals Trying to Enter the Industry / Feb 2000 

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