Institute Founder Continues 30-Year Tradition of Preparing Wharton Joint MBA/MA Degree Graduates for Global Business in New Role as Advisory Board Chairman
NEW YORK and PHILADELPHIA, Dec. 18, 2012 /PRNewswire-USNewswire/ -- The Lauder Institute at University of Pennsylvania's Wharton School has named the Honorable Ronald Lauder, Chairman of Clinique Laboratories and President of RWL Water, as Chairman of the Lauder Institute Board of Governors. The Lauder Institute prepares future business leaders through a joint degree program in international management, integrating the Wharton MBA with an MA in International Studies from Penn's School of Arts and Sciences or a JD from Penn Law.
"We are delighted to welcome Ronald Lauder as Chairman of the Board," said Jean-Pierre Rosso, former Board of Governors Chairman and Executive Chairman of the World Economic Forum, USA. "He epitomizes the unique qualities of our ideal candidates – renaissance leaders with cultural understanding and a global business career – both in and out of the boardroom. We are grateful for his and his family's long-standing commitment to giving Wharton business school students the international edge needed to further their careers in global business. We envision even greater success with Ambassador Lauder as our Board Chairman."
Leonard and Ronald Lauder, sons of the Estée Lauder Company founders, established the Lauder Institute in 1983 in honor of their father, Joseph H. Lauder, to offer Wharton MBA students the opportunity to combine international management education with a deeper understanding of global leadership studies, advanced language and cross-cultural proficiencies. Their vision was to offer MBA candidates an expanded foundation of foreign language and international business acumen necessary to prepare them to successfully navigate a rapidly expanding global economy.
The program has grown over time to include a "Global Program" of multi-cultural study but also offers advanced language studies such as Arabic, Chinese (Mandarin), French, German, Hindi, Japanese, Portuguese, Russian, or Spanish and includes a two month, in-country immersion program. The program has grown from 51 graduates in 1986 to graduating 68 in May 2013. Applications have increased steadily since the founding of the Institute, and rose 10% in the past year when most business schools saw a decrease in the number of applications.
"The world is very different now than it was when I was at Wharton," said Ronald Lauder. "Just as economies and global businesses must adapt in order to succeed, we have to prepare our next wave of MBA graduates for an integrated, complex and technology-driven world. Knowing how to 'speak' and operate in this highly-nuanced, critical business language – whether in Chinese or German – may have given you the upper-hand 30 years ago, but it is simply a necessity now."
Ronald Lauder serves as Chairman of Clinique Laboratories, a unit of publicly traded cosmetics giant Estee Lauder. He served as U.S. Ambassador to Austria from 1986 to 1987 and Deputy Assistant Secretary of Defense for European & NATO Affairs from 1983 to 1986. He has been president of the World Jewish Congress since June 2007. In 1987, Lauder established The Ronald S. Lauder Foundation, dedicated to rebuilding Jewish communities in Central and Eastern Europe. His Neue Galerie in New York is a museum devoted to early twentieth-century German and Austrian art and design.
About the Lauder Institute:
The University of Pennsylvania's Lauder Institute, founded in 1983, combines a world–renowned Wharton MBA with a Master's in International Studies. Advanced language and foreign culture training, a two-month in-country immersion program, and a Master's Thesis from the School of Arts & Sciences all prepare Lauder Fellows for the ever-evolving global economy. This year's offerings include the new Global Program for students who are already fluent in several languages. Graduates join the diverse, supportive and committed worldwide Lauder community – continuing a nearly 30-year tradition of international business leadership. The Lauder Institute also offers an MA/JD joint degree. For more information, visit www.lauder.wharton.upenn.edu.
About the Wharton School:
Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates ongoing economic and social value around the world. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and a powerful alumni network of 91,000 graduates.
SOURCE Lauder Institute at the Wharton School of the University of Pennsylvania