Position continued to improve among international top rank. Significant improvement in profitability in Aalto PRO business and Asian operations.
Despite adjustment measures, Aalto University Executive Education Group registered a satisfactory improvement in its operating profit for last year. After the dip in the previous year, the operating profit for 2015 improved to EUR 0.4 million (EUR 0.2 million in 2014), despite staff reductions affecting around thirty employees and the resulting non-recurring costs.
Aalto EE reinforced its Asian operations by reforming the structures and processes of the Singapore office and concluding new regional and global partnerships. In addition, growth investment was directed more intensively than before towards company-specific programs in new markets, such as Indonesia. The profit of the Aalto PRO business area, which focuses on experts and specialists, also improved due to the renewal of the training portfolio.
Turnover rose slightly from the previous year, to EUR 17.1 million (EUR 17 million in 2014). Globally, the Group provided a total of around 80 customized programs. Around 5,400 people participated in degree programs and shorter, open-enrollment and customized programs last year.
EUR 2.2 million was channeled into the Aalto University community
The Group's overall economic impact on the Aalto University community continued to grow. Aalto EE's operations channeled a total of approximately EUR 2.2 million (EUR 1.9 million) into the Aalto University community by way of dividends, lecture fees and rent.
"Although we operate on fully commercial terms, many of our customers find it important to have an indirect influence on Aalto University's capabilities and impact," says Dr. Pekka Mattila, Professor and Group Managing Director.
"The key indicator guiding our development is our uplifting effect on both individuals and organizations. We have invested a great deal in identifying better indicators, including for the honest assessment of long-term development," Dr. Mattila adds.
Aalto's rise among the international top rank continues
In the Financial Times' annual global ranking – the most prestigious of its kind in the world – Aalto EE rose to number 47 among business schools offering executive education, to become the only Finnish provider in the world's top 0.4 percent. The Aalto Executive MBA program came 76th in the global ranking – rising by seven places compared to the year before. There are some 3,000 EMBA programs in the world, only the top 100 of which make it into the Financial Times' ranking.
For further information, please contact
Dr. Pekka Mattila (D.Soc.Sc.), Group Managing Director, Professor of Practice
Aalto University Executive Education Ltd
Tel.: +358 40 738 7221