The collaboration will provide the opportunity for Master of Management (CEMS) students at the University of Sydney Business School to gain part of their business education from a US Ivy League school.
From August 2020, CEMS students at Cornell will also be offered the opportunity to study in Sydney.
Founded 30 years ago as a pan-European organisation, CEMS has members in South Korea, Canada, India, Singapore, Hong Kong, China, Chile, Japan, Brazil, Egypt, Australia and now the United States.
Accredited member schools collaborate on the delivery of a "globally integrated" Master's in International Management program to around 1,200 students from about 60 different countries annually.
Students study the CEMS curriculum for one term at their home university, with mandatory study abroad in a different CEMS member school for the second term. In addition to a home degree, students complete a business consulting project and internship with CEMS corporate members.
It is hoped that the collaboration will open up wide opportunities for mutual learning, a better understanding of the US market and culture and the unique chance to engage with US corporate members who have an interest in hiring and developing talent.
The University of Sydney Business School has offered the CEMS Master's in International Management for a decade. The Dean of School, Professor Greg Whitwell, is the newly appointed Chair of the unique 32 member alliance.
"We are very pleased to collaborate with CEMS as the first business school in the United States on the launch of the CEMS Master's in International Management," said Joe Thomas, Interim Dean of SC Johnson College of Business.
Roland Siegers, Executive Director of CEMS, said: "We are delighted to welcome Cornell SC Johnson College of Business as our first and currently only academic member in the US. The SC Johnson College is a fantastic institution, deeply aligned with the values of CEMS – to prepare responsible leaders for a more open, sustainable and inclusive world."
"This alliance is a significant step forward, as the Cornell SC Johnson College of Business clearly sees growth potential in the Master’s in Management segment of the US business education market, which is the core of all CEMS activity."
"CEMS students from outside the US will not only gain a world-leading education from an Ivy League school, but the partnership will also open up wide opportunities for mutual learning and a better understanding of the US market and culture."
Cornell University has eight undergraduate colleges and four graduate professional units at its main campus in Ithaca, NY. The university also administers two medical graduate and professional units in New York City and one in Doha, Qatar. Student enrolment totals 23,600 students (undergraduate, graduate and professional).
The Cornell SC Johnson College of Business has strong links to the corporate world and huge potential through its presence in New York City. In addition, in 2017, Cornell University opened its Cornell Tech campus on Roosevelt Island in New York City, offering programs in computer science, engineering, law and (with the Cornell SC Johnson Graduate School of Management) business.
As part of its membership of CEMS, Cornell will bring on board two corporate members (global multinational companies) that will partner with CEMS.
By tapping into the CEMS network, businesses can get access to a diverse, talented pool of graduates – knowledgeable, socially-responsible, international business practitioners, able to execute effective business decision-making.
In addition, the collaboration will offer an opportunity for US companies to develop brand awareness across the globe, with CEMS member schools acting as one-stop shop contacts in 31 countries on five continents.
"CEMS' exclusive network will provide Cornell students active engagement with CEMS' over 70 prominent corporate members and over 13,000 alumni who collaborate in classroom learning, internships and career management," said Rohit Verma, Dean of External Relations, SC Johnson College of Business.
Work-integrated learning opportunities within Samantha Xiong's Master of Commerce degree helped her land a full-time job as a Business Analyst at Ingram Micro before she’d finished her studies.