CEMS, the Global Alliance in Management Education (formerly the Community of European Management Schools and International Companies) was launched in 1989 as a cooperation of the world's leading business schools and universities with multinational companies and NGOs. CEMS currently comprises 26 universities and business schools from Europe, North & South America, Asia and Australia, over 70 corporate partners and 3 social partners. LSE is the sole UK member school, sending over 50 students abroad to over 20 CEMS schools in the autumn term and receiving over 60 students across both terms each year.
This consortium of top management schools (1 per country) and corporate partners delivers the CEMS Masters in International Management (CEMS MIM), which is consistently ranked amongst the top programmes by the Financial Times. The CEMS Alumni Association (CAA) serves 5,000 alumni around the world.
All CEMS graduates speak at least 3 languages (including English) and are culturally sophisticated and committed enough to work in different countries. The 2010-11 CEMS cohort of 904 students across the 26 member schools has 64 nationalities (including 30 non-Europeans). Placement surveys indicate that at least half of CEMS graduates end up working outside of their home country.
The CEMS MIM consists of a base semester (usually part of the standard degree at the home school) followed by a second semester spent abroad at a CEMS school. The organisation of CEMS differs slightly among member schools, but students are usually required to be enrolled or selected for a Master of Business degree with a member school prior to applying for CEMS. The CEMS MIM is therefore often referred to as a "dual-degree", since all CEMS graduates receive both a degree from their home institution as well as from CEMS. Since every CEMS academic member has a limited amount of places available, the CEMS selection procedure is tough. Most schools have pre-requirements such as a high grade average and proof of language skills.