BUDAPEST, Hungary, Feb. 19, 2014 (GLOBE NEWSWIRE) -- Central European University's (CEU) Business School announced today that the institution received a grant from the NASDAQ OMX Educational Foundation. CEU is the first institution throughout Central and Eastern Europe region to receive a grant from the NASDAQ OMX Educational Foundation. The three-year grant will annually fund three MBA or Master's of Finance students who hail from countries with emerging economies.
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Based on a competitive process, the scholarships will be awarded to high-achieving, accomplished students from emerging economies. Recipients must possess leadership potential and be likely to return to their home countries to enter and enhance the field of financial services, leveraging CEU Business School's 25-year legacy of transforming the Central and Eastern European region's from a socialist to a market economy.
"We are delighted to partner with the NASDAQ OMX Educational Foundation to support the education of our future business leaders," said Mel Horwitch, Dean of CEU Business School. "Already, approximately 80 percent of CEU Business School's MBA graduates came from countries with transitioning or emerging economies, including Hungary, Romania, Russian Federation, Georgia, and India. With these additional scholarships, we can accept more students who otherwise might not have the opportunity to experience a quality business and finance education."
"The NASDAQ OMX Education Foundation is proud to partner with CEU Business School to extend educational opportunities which empower emerging economies, including areas where NASDAQ OMX cultivates business relationships with our leading technology expertise," said Joan Conley, Senior Vice President and Corporate Secretary at The NASDAQ OMX Group. "It is our pleasure to support Central European University's efforts to make business and finance curriculum a strategic priority in the education of our future business leaders."
CEU Business School aims to make knowledge, acumen, and skills available to the widest number of qualified potential leaders regardless of financial circumstances. The three-year grant from the NASDAQ OMX Educational Foundation allows CEU Business School to make their superior, highly respected, and forward-looking MBA program financially available to all qualified candidates.
CEU Business School is the first institution in Central and Eastern Europe to offer an American MBA. CEU Business School provides managerial education to a large number of individuals who will become seasoned leaders in top European firms. CEU Business School was established in 2002 and continues to offer a unique and powerful learning experience which cultivates the forward-thinking skills that are in high demand at global companies and financial institutions. A major aspect of CEU Business School's overarching mission is to educate managers who are capable of developing and leading modern financial services hubs in emerging economies from Chongqing, China to Cape Town, South Africa.
For more information on Central European University Business School please visit ceubusiness.org.
About Central European University
CEU Business School educates leaders and entrepreneurs who transform the organizations they work with, or in, into innovative, responsible entities that bring value to the world, and who make these organizations engines of jobs and market growth in emerging and established economies and in underserved regions. CEU Business School was founded in 1988 in Budapest, Hungary by a group of visionary leaders headed by legendary investor and philanthropist George Soros. The CEU Business School focuses on reinvigorating and building world-class financial hubs with a faculty committed to advancing effective financial markets and curriculum focused on nurturing a new generation of financial leaders for emerging economies. This commitment enforces the School's emphasis on integrity education to avoid corruption, a major obstacle in building an efficient financial services sector. The CEU Business School is now the region's leading business school and graduates are in demand at firms such as Citibank, Cisco, Ernst & Young, IBM, KPMG, Microsoft, and Procter and Gamble.
About The NASDAQ OMX Educational Foundation
The mission of The NASDAQ OMX Educational Foundation is to promote learning about capital formation, financial markets and entrepreneurship through innovative educational programs. It was established in New York City in 1994 and is supported entirely by contributions from The NASDAQ OMX Group, Inc.
About NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. NASDAQ OMX Nordic is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland. To learn more, visit www.nasdaqomx.com.
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CONTACT: Media Contacts: Edelman for CEU Justin Blake (212) 704-8165 Justin.Blake@edelman.com Kristina Duff +33 1 56 69 75 29 Kristina.Duff@edelman.com Virginie Serre +33 1 56 69 75 11 Virginie.Serre@edelman.com NASDAQ OMX Alexa Sugrue (212) 231-5552 Alexa.Sugrue@NASDAQOMX.comSource:Central European University