What we used to write about, what are the hot topics now
3 and what is left for the future issues…
News from the CEMS club
4 2010 will bring many exciting events. You do not want to miss them!
CEMS Autumn 2009 Photo Collage
Fall semester is over and so are many pleasant memories, but why not to recall
6 them once again?
Success of two CEMS teams at the BCG Strategy Cup 2009
Report on a great success of CEMS students in the Boston Consulting Group
7 business competition.
Do I Really Want to Work in... - Alumni Sharing Experience
8 CEMS Alumni Association brings its members back to school!
CEMS Gala Casino Night 2009 Photo Collage
If you want to fight against the hidden risk of gambling, you have to try it
10 yourself first. The CEMS way is a safe way!
Health Care Reform in the U.S. and Possible Lessons for the Czech Republic
An introductory article from the series of student commentaries
11 on current issues.
Interview with Tereza Králová about CEMS Corporate Partners
13 CEMS Corporate Relations Coordinator reveals the mysteries of her position.
Judita Bihelerová: My Path to Presidency of CEMS Club Prague
Have you always dreamed of becoming a president? Now you have a great
17 chance to make it!
Ondrej Šabata: What is the CEMS Student Board?
Student Board is an influential institution which contributes to the successful
development of CEMS. If you are looking for a leadership challenge in an
19 international setting, this is the right place for you!
How to Find a Perfect Internship: My Times at Lufthansa
Jitka Foralová tells her story about discovering the secrets of air ticket pricing in
How to Find a Perfect Internship: My Investment in Vienna
Not only big transnational companies offer great internships. Honza Vyhlídka
22 reports from Austria.
February 24, 2010
Dear CEMSies, dear university representatives, dear partners, dear friends,
It is my pleasure to write these lines again after a couple months break. Through this issue, CEMS
Prague Journal officially commences its second year of existence. Although I do not fancy long
speeches and balancing, I must say that the first year was quite successful. Having only a little
experience, we introduced the premiere issue created by the cooperative and excited Journal team
consisting of Olinka Nýdlová, Standa Hába and me. We had a hard time learning how to win others
for contributing by an article, observing the deadlines ourselves, and doing all the necessary
proofreading, editing and graphics during a sleepless night before the “kick-off” evening once we
finally put it all together. Today we stand a step further, having altered the team and the design
which is now mastered by Martin Vodák who recently returned from Rotterdam.
Leaving and returning, that could be an apt subtitle of the third issue. The CEMS community in
Prague is an extraordinary group of friends who have very much in common and enjoy spending time
together but yet their paths separate frequently. Speaking of the CEMS Club, we have experienced
working from abroad, be it Ondra and Pája while on their internship in Germany, me on studies in
Florida or Dita who is now leaving for Austria. However crazy it may seem, the distance cooperation
worked and so it will in spring, hopefully. But nothing lasts forever and therefore it is necessary to
realize that new CEMSies will have to step forward and complete the CEMS Club. As Judita and
Ondřej describe in their articles about presidency and representation in the Student Board, being a
part of it is a great opportunity for everyone to learn important skills and meet interesting people. Of
course, there are other crucial functions in the CEMS Club too, not to miss the Journal editing☺.
Remembering the last year, most of the CEMSies from my class were excited about applying for an
internship and optimizing the supply of CEMS courses at VŠE, recently the focus moved towards the
state exams, diploma thesis and probably the first full-time jobs. It is natural that we covered all
these topics also on the pages of the CEMS Prague Journal but now that more and more of us will be
leaving the university, shall we write about organizing weddings and taking out mortgages? Definitely
not, still there is one slightly hidden facet of the program which should be of a great interest for all:
becoming an active member of the CEMS Alumni Association. The best way how to start is probably
attending events they organize. I would especially like to invite you to the upcoming meetings from
“Meet the…” series which Vojta Opleštil devoted an independent article to. After a successful
teambuilding weekend in the mountains, it is a great opportunity to meet each other again at the
All of this and much more you can read about on the following pages. I hope that you will have a nice
time reading the articles from your fellow CEMSies and maybe, you will also find an inspiration to
contribute yourself the next time. Whether you are in Prague or in Mexico, I wish you all a very
successful semester and always a great time with CEMS!
Mirek & CEMS Club Prague
News from the CEMS Club
There is much new going on in our CEMS Club since
the last issue of the CEMS Prague Journal. First of all
we would like to shortly review the first months of our
CEMS Club. Subsequently, we will inform you about
the upcoming events in the spring semester as well as
some changes in our CEMS Club team.
As the winter semester is already over, we can
comment on the first half of activity of our CEMS Club
team. In September we set three main directions we
want to focus on: networking, corporate partners and
socializing. We all hope that you – CEMS students
have recognized our initiative in those areas. First of
all, we started a close cooperation with local Alumni
Association – as one of the results of our collaboration
we introduced a workshop “Meet the…“ (previously
called “Do I want to work in…?”). The concept is
simple: a few speakers from one business line come
over and informally present their job, daily routine,
pros and cons, career path – all in all a “casual” know-
how, which should help students decide whether the
department is a good match for them or not. You can
find detailed information about this concept in the
alumni corner. Another big achievement was
accomplished in the field of cooperation with the
university. CEMS Club Prague together with VŠE
started to co-organize various events (e.g. CEMS Day).
VŠE recognized the importance of the CEMS Club
activities and became an intensive supporter of our
activities. Only thanks to their support we were able
to organize the popular teambuilding weekends or the
Gala Casino Night, which was attended by over 150
CEMS stakeholders including alumni, representatives
of VŠE and our Corporate Partners.
Regarding the news from the field of cooperation with
corporate partners, we achieved an important goal –
our CEMS Club is currently supported by three
corporate partners (Procter & Gamble,
PricewaterhouseCoopers and Roland Berger Strategy Consultants). In the spring semester
you can look forward to workshops and lectures from McKinsey & Co., Roland Berger
Strategy Consultants; sport event with Procter & Gamble; involvement of Hilti during the
Rookie Weekend or traditional Rotation Dinner.
Beside the regular activities like CEMS drinks, we have organized go-carts, laser-tag evening,
ice skating or Christmas dinner (attended by over 70 CEMSies!). We all hope you enjoyed the
activities we prepared for you during the winter semester. But don’t worry, there are also
many interesting events planned for the upcoming months.
We also cannot forget to point out our reward from December 2009. Our CEMS Club was
awarded as the best CEMS Club within the CEMS Community. We would like to thank once
more to all of you who voted for us. Big Thank You belongs also to all members of the
previous CEMS Club as they were the first ones who started to maintain big changes in
working of the local CEMS Club.
Well, let’s move on to the Year 2010. Among the big highlights of the spring semester surely
stand out two international events we will participate in: Pan-European event and Summer
University. The subtitle of the first one is “Czech Cultural Heritage”. Its main goal is to
present Czech culture, habits, cuisine etc. to students and alumni from other countries. The
target of the second event – Consulting seminar / Summer University is to prepare intensive
educational seminar for students from all of the CEMS universities. MBA professors as well
as corporate partners’ representatives will be significantly involved in the summer
university. It is for the first time in the history when local CEMS Community organizes a
summer university in Prague. Don’t forget to highlight April 15 in your calendar when the
main social event of the spring semester takes place – this time you can look forward to the
CEMS Ball. We all will do our best to make the first Summer University and CEMS Ball
unforgettable, and the name of the local CEMS Community within the CEMS world too, of
course. Beside these big international events, you can look forward to winter teambuilding
weekend, regular CEMS Drinks, various workshops etc. The new CEMSies will meet up
together during the traditional Rookie Weekend.
Finally, we would like to inform you about some minor changes in our CEMS Club. First of all,
our CEMS president Judita Bihelerová is moving to Austria for an internship. Even though she
will stay abroad, she will lead our team also during the spring semester. We are also happy
to welcome new members of our CEMS Club – Petra Krejčová, who will support our PR team.
And last but not least we would like to inform you about the upcoming elections to our
CEMS Club. Are you interested in our CEMS Club? Do you want to influence the future of the
CEMS Community in Prague? Aren’t you sure what are the responsibilities of particular team
members? Then keep on reading and find out more about the personal experience of the
current President and Student Board Representative!
Pája & Standa
Success of two CEMS teams at the BCG Strategy Cup 2009
Few student communities are so well known for their
extreme competitiveness and frequent participation at
various business competitions as CEMSies from VŠE. It has
become a question of prestige to represent CEMS. Of
course, every success is carefully documented and
recognized and if it is such a special case as the double
triumph at the BCG Strategy Cup 2009, hats off… The
representatives of both successful teams deserve our
Winners of the BCG Strategy Cup 2009:
Míša Žahourková and Josef Vítovec from
CEMS in a mixed team with Michal Štěpánek
Second best team of the BCG Strategy Cup
Martin Míček, Ondřej Šabata and Martin
Pospíšil from CEMS
Do I Really Want to Work in… – Alumni Sharing Experience
By Vojtěch Opleštil
Being an alumnus or alumna always bears the Vojtěch Opleštil
danger of patronizing you (“…in our times we did it CEMS class 2005/2006
in a better way than you do…”). Yet there really is a University of Economics
great amount of experience which we can share in Prague,
Aalto University School
with you. The only question is what the best way to of Economics
do that is.
It was the idea of Honza Kubík, the current
president of the CEMS Alumni Association Prague,
to start a series of presentations where the CEMS
alumni or other experienced professionals could
share their personal experience from various fields
So far we have organized three such events where the topic was usually covered by four
speakers who present their career track, talk about their work and also present the
requirements needed for working in their company or field.
The first meeting of students and experienced professionals dealt with various facets of
marketing: Deirdre MacBean from 3M talked about the B2B dimension while Michaela
Pokorná from L’Oréal shared her experience with the B2C part of marketing. Yet another
point of view was brought by Jan Pokorný working with Ogilvy and Karel Duchek from
Michaela shared some of her DOs and DONTs which are worth mentioning: “Focus on
networking! Consumer at first! Write 3 key messages on your desk top and stick to them at
ANY TIME! Love your brand ... the clients will love you too.” And one more which you can
use not only in marketing: “If nothing else works, try the proposal of your boss…”
Investment & Finance
The second event focused on Investment & Finance was covered by David Jurčík working at
Deloitte, Martin Stach from Erste Corporate Finance, and Martin Peřina from Česká
While Martin Peřina, having background in applied mathematics, focused rather on the way
of thinking and the way school can prepare you for this kind of work Martin Stach (being a
CEMS alumnus) mentioned the pros and cons of working in corporate finance advisory. Here
are the pros: people, speed and dynamics, international environment, intellectual challenge,
sales and technical skills, and high pay. The main cons are long working hours and their
unpredictability, and the environment of stress. David Jurčík, having almost 15 years of
experience in financial risk management, mentioned that an ideal candidate should posses;
good financial modeling and programming skills (MathLab, R, VB).
Working in consulting
The third event covered one of the most popular fields among ambitious and smart business
students – management consulting. The features of this demanding industry were presented
by CEMS alumni from the most prestigious consulting firms: Lenka Krobová from
A.T.Kearney, Milan Vondráček from Arthur D. Little, Petr Šmíd from Mc Kinsey & Co. and
Jaroslav Dvořák from Roland Berger. Here is what they (almost seriously) think of consulting:
“Exciting stage of one’s life, which needs to be balanced by excessive consumption of
alcohol” (Milan) or “Consultants could be compared to doctors – look for root-causes of why
clients are not doing well and propose customized treatments which – after application –
bring them into perfect shape again” (Lenka).
And what you need, if you want to get into consulting according to our speakers?
“Motivation, motivation, and motivation, willingness to learn, willingness to sacrifice/invest.
You can increase your odds by having an international experience, having an internship in
industry or consulting. Outstanding academic results can help as well. And never
underestimate you CV and motivation letter!”
And now something completely different: Public Sector
So far some 50 students have taken part in our presentations. We are looking forward to
welcoming you on one of our future professional events.
The next presentation will be focused on rather unusual yet interesting employer of CEMS
graduates: Public Sector. Alena Savovová from Association for international tasks, Antonín
Berdych (former director of Cabinet of the Deputy Prime Minister Alexander Vondra), Marek
Svoboda (manager of the Centre for human rights and democracy; People in Need) and
Vojtěch Opleštil from Deloitte will share their experience. We encourage you to visit this
event as public sector is not in the heart of interest of CEMS and our guests may enrich you
with some new insights.
We will be also pleased if you share with us your ideas for next presentations: what kind of
industry are you interested in? What questions would you like to be answered at our
For updated calendar of our events check the blog of Prague CEMS Alumni:
Health Care Reform in the U.S. and Possible Lessons
for the Czech Republic
United States of America stand at the crossroads. Jaromír Beránek
President Barack Obama entered his office more than one CEMS class 2008/2009
year ago with a strong mandate, willing to resolve several University of Economics
issues ignored by his predecessor, including the health in Prague,
care reform. Many felt that this should be a historical University of Cologne
chance to change the long-standing orders, often
displayed as a cruel game of wealthy insurance companies
supported by a strong lobby on one side and dying people who could not afford to pay the
overprized premiums on the other side. Situation illustrated in movies like The Rainmaker from
Francis Ford Coppola or Sicko from Michael Moore… Now, thirteen months later, it seems that the
favor of Americans for radical changes evaporates.
For a better understanding of the current situation, we have to go back in the history. Health reform
has been proposed by representatives from both parties of the political spectrum for over hundred
years. The main objective was always similar – either to introduce a model which would bring
universal coverage for all U.S. citizens or to support those who could not afford or did not want to
pay the insurance premiums. The biggest change was enforced in 1965, when the democratic
president Lyndon Johnson signed the Social Security Act which introduced the state administered
programs known as Medicare and Medicaid. While Medicare ensures the federally funded health
insurance for people over 65 legally resided in the U.S., Medicaid offers essential health coverage for
people with limited income.
The more recent history of reform efforts is joined with the failure of proposals of Clinton’s
administration from the mid-1990s. The plans of the Health Care Task Force led by the First Lady of
that time and current Secretary of State, Hillary Clinton, were practically ripped to shreds by a
powerful lobbing. Several years later, George W. Bush broadened the eligibility for the Medicare
program but did not change the essence of the health system.
After his election, Barack Obama did not want to repeat the strategic mistakes from the times of Bill
Clinton and asked Congress to come up with their own reform proposals. Both of the chambers took
the initiative and introduced their respective versions of reform laws in June and July 2009,
respectively. While the House of Representatives’ Affordable Health Care for America Act calculated
with ensuring coverage for 36 million people out of 47 million currently uninsured at the estimated
costs of $ 1050 billion in ten years, the Senate Patient Protection and Affordable Care Act would
cover an additional 31 million Americans at $ 850 billion over ten years. The main differences
between the proposals were the sources of financing where the “House version” relied on surtax on
the highest incomes whereas Senate planned to introduce an excise tax for “luxurious” insurance
plans provided by some employers and raise the Medicare payroll tax for high earners.
However, the main ideas of both bills were very similar – to expand the Medicaid eligibility over the
current poverty line, offer tax credits to small companies to provide their employees with health
insurance and penalize other employers or individuals who do not buy health insurance. Unlike
Senate, the House of Representatives also proposed the so called “public option” which would
enable citizens to opt for a state-run health insurance. The Congressional Budget Office estimated
the net effects of both versions as about $ 130 reduction of the deficit over the next ten years.
On purpose, Barack Obama did not moderate the discussions which finally ended up in the
modifications of the Senate version. In the final vote on the Christmas Eve, Senate passed the Act by
a close 3:2 majority. However, less than a month later, the voters in Massachusetts signaled a great
discomfort in a special election to fill the deceased Senator Kennedy’s seat. In a traditional
stronghold of Democrats, a Republican candidate won and even though there was still a chance to
finish the necessary votes in Senate before his introduction to the seat, Mr. Obama did not want to
risk public protests and drew back. The reform efforts have ended up in a deadlock.
Many Americans say that there is no need for such a dramatic change when the current system
works. They are afraid of the decrease in the quality of the health care system, or they worry about
the accessibility of services. Lobbing plays its role in influencing the public opinion too and it has
become popular to terrify Americans with pictures from Canada and UK where patients wait in long
lines. And then come the main interest groups: Lawyers are afraid of lower profits from medical
malpractice lawsuits, pharmaceutical companies think that Obama administration could modify the
long-standing patent rules, doctors feel the pressure on the change of the payment system to some
form of lump sums which should reduce the amount of unnecessary care, and insurance companies
oppose the potential increased competition even after the “public option” was declined. Not a very
favorable situation, indeed.
However, the numbers speak for themselves and the politicians are well aware that there are still
about 47 million uninsured who dramatically increase the costs of the system due to the “black
passenger” effect, that the active population is aging and that the spending of 16 % of the national
GDP on health care is by far the highest in the developed world. I had the opportunity to learn about
it myself when I had to pay almost $ 700 for a four-month insurance coverage which is almost triple
the sum the Czech government pays for me at home. And I am still young and healthy…
It is interesting to compare the situation in the U.S. with the Czech realities or the state of public
health care in other EU countries. While a great part of Americans believe that European model is
some form of socialism where everyone gets a little but in the end, the added value is zero, the “old
continent” has learned its lesson from America. No European country would risk the privatization of
the health insurance system after what they have seen in the U.S. Denying patients with medical pre-
conditions or double standards of care still remain a taboo. Therefore the only logical way is to
motivate the patients to behave responsibly by setting a thought-out system of deductibles.
This text was inspired by the latest efforts of the American government and legislature to reform the
health system which has proved to be unsustainable in the long term, and slowly starts to jeopardize
the whole federal economy. The main objective of the article is not to give an in-depth analysis and
scientific conclusions; it is meant as a “launching pad” and inspiration for other similar articles written
by students, which we would like to give a deserved space in the following issues of CEMS Prague
Journal. Where else should we share our views of contemporary problems that are moving the world?
Interview with Tereza Králová about CEMS Corporate Partners
Let’s start simply – what are the responsibilities of a CEMS
corporate partner coordinator?
My position is officially called „CEMS corporate relations
coordinator” and my responsibility is communication with
corporate partners (CPs) at the local level and negotiating
of the specific form of cooperation with every single of the
CPs. Some of the companies strive to participate in every
form of the cooperation; some are limited to the staff, time
or financial capacity of their smaller local offices and
choose only some. The strategy or approach may vary firm
to firm depending on their interest in the very market or Tereza Králová
region. Therefore, I understand questions from students CEMS Corporate Relations
why a firm working in the Czech Republic, which is an Coordinator at University
international CP, does not cooperate at the local level. It is of Economics in Prague
mainly about the CPs strategy.
Communication with companies – both current and potential CPs - at the local level is the
basis. I am also responsible for Business Projects, I participate intensively in admission
procedure (2nd round) and cooperate often with Renata Šubrtová, our Academic
I remember discussing the detailed conditions of becoming a CP from the last year’s interview
with Mr. Hnilica…
Every company that is ready to take an active part in the CEMS community, within the CEMS
program, that is of a certain size, has an international scope, and is able to offer
international careers for CEMS graduates can become a CP. Company must pass out the
admission procedure; rules are the same for every member of the CEMS community. Every
member of the community, except for students, also contributes to the common budget
through mandatory fees.
Is there any other possibility for smaller firms how to get involved apart from becoming a CP?
No, rightly not. It follows from the essence of the program: it is an international program
focused on international management and therefore, it should be primarily big, stable,
transnational corporations who are CPs.
If I understand it correctly, a company which is a global CP pays the member fee to the Paris
CEMS office and then it is only up to their management in which countries they will
cooperate with the CEMS universities and where not.
That is mainly about the CP’s strategy we have talked about earlier. Another thing is the lack
of internal communication – sometimes the local office does not even know about being a
CEMS CP. Then we – corporate relations coordinators – have to inform them about the
partnership, the conditions and opportunities it brings about, and the benefits of potential
cooperation. Often it is also the case that local offices of one transnational firm work quite
independently. It may be not always that easy to coordinate the cooperation and share the
costs of the membership.
Let’s look at some of the companies in detail, can we?
Procter&Gamble is a good example of a long mutual cooperation. Especially when the
contact person in the company is a CEMS alumni like in this case. Really, P&G struggles to
cooperate as closely as possible – through the curriculum as well as through the cooperation
with CEMS Club. Similar case as P&G is probably L’ÓREAL, from the academic point of view.
Is there any regulation regarding the number of CEMS CPs?
Yes, every CEMS university must have two international CPs. That is why I also get to other
companies and try to win them for the partnership. Recently, there was the threat that
Škoda Auto, a.s. would terminate the cooperation due to the financial crisis. We were trying
to avoid the situation when the university would have to pay the fee instead of the “missing”
partner. We succeeded to win ČEZ, a.s. for the cooperation, and the agreement should be
signed soon. In such a situation everybody cooperates – university top management,
including rector, and academic director as well.
What would happen if a CEMS university did not have the two global CPs?
Then it would be the responsibility of the CEMS program in the particular country to find an
alternative source of paying the partner fee. In our case, it would depend on the attitude of
the university if it would be financially supported. We have taken several measures with Mr.
Hnilica for this reason to spare some money in case we had to pay the fee ourselves.
However, the risk that a CEMS university would have to step out of the program is very low
since the program is really prestigious and no one would want to lose it.
How does it look when you approach the management of such a company to discuss the
possibility of cooperation?
The ideal situation is when I have a direct access to the person who has the competence to
decide such a question which is not always the case, of course. Nevertheless, I always
explain the concept and try to approach them through alumni if possible. Then I present to
them all the methods of cooperation beginning from the assessment centers they can come
to and take part in as evaluators, skill seminars, class lectures, business projects, blocked
seminars, internships or also diploma theses.
Very important is to show the benefits - demonstrate the potential of CEMS students, the
demandingness of the admission/selection procedure and the quality of the program as well.
CEMS helps to get orientated in the huge pool of business students from whom they can
recruit future employees, for example. Most of the companies value the regular Career
Forum, the www.cems.org networking application which gives them direct contact to the
universities and students.
Can the global CPs be classified in some way?
Simply said, there are three types of CPs at the international level. The first is for instance a
strong local company which might not be strictly transnational but wants to support the
university. This would be the case of Škoda Auto, a.s. which has not cooperated that much
on either level – local and international. Second type would be a company which wants to
cooperate only in selected areas and ways. The third type of partner wants to cooperate in
every possible way.
How do the regular contacts with companies look like when you prepare business projects or
I try to address the companies every year before the summer holidays because the trend is
to plan the activities for the whole upcoming academic year or at least the fall semester. The
active firms come up with their own suggestions and then we only need to coordinate the
programs and activities to avoid collisions with language exams or other parts of the
curriculum. There are firms which repeat the skill seminars every year – it may be two or
three topics which were positively reflected by the students. Some firms only focus on one
type of cooperation like A.T. Kearney which invites students for business projects. I also look
for new topics of skill seminars with new partners; generally I try to find the best way of
cooperation together with less active partners that have to discover the benefit first.
Have you already tried to bring the partner companies together to share experience with
CEMS or to get to know each other through the program?
The problem is that most of the companies always feel some kind of competition behind this
kind of events. Therefore, the idea is to organize a seminar on a particular topic where the
experience sharing could come up as a by-product. The first swallow was in fact the Business
Breakfast organized by Martina Jakl in the Academic Club, dealing with the impacts of the
financial crisis and the outlook for 2010. Now we think about some other event like this. But
we have to keep in mind that some firms prefer more open and playful meetings while
others want to stay serious. Unfortunately, the planning was currently overshadowed by the
seeking after a new CP, which demanded much time and efforts.
We have discussed the processes of acquiring a new CP and maintaining the partnership but
what if some firm wanted to cancel the cooperation with CEMS?
We have to distinguish between companies that are not interested in the program anymore
and between those that only cannot afford paying the member fee momentarily for some
reason. If such a company is an active member, there are some ways how to support them
and keep in touch. But the company can quit CEMS partnership, of course. The reasons are
various. Companies may change their strategy, priorities. The reason might be also an
amalgamation of two partners - that is why Fortis could quit soon. Or the company evaluates
that the benefits can be obtained differently or cheaper. There are some former CEMS CPs
that are interested in cooperation, stay in touch with CEMS students and alumni, but do not
want to pay any fee or pay less. They are in contact with student clubs or try to contact a
university locally. We need to coordinate the approach to such companies because it could
be a threat for the future. Simply said, the CEMS community values long-term relationships
and partnerships with companies based on the CEMS philosophy, active contribution and
mutual benefits, which are crucial to the proper functioning of the program.
Thank you for the interview. I appreciate your interest and time and wish you lot of success in
Judita Bihelerová: My Path to Presidency of CEMS Club Prague
On my way to presidency
I was active in the CEMS life since I became a CEMSie. Judita Bihelerová
The Rookie weekend was a great start for that as I met a
CEMS class 2008/2009
number of interesting and active people who University of Economics
encouraged me to organize various meetings/ party in Prague,
occasions/ weekend get-togethers etc. With the new Vienna University of
Economics & Business
CEMS Club team I became officially responsible for
socializing which I was enjoying a lot.
When the election was announced I was sure I want to
be involved again. I talked to many of my CEMS friends
and we decided to bring together a team, which I would
be leading. To tell the truth, I would have never applied
without those people’s support. As the team included
the most active CEMSies from my year, I had no
competition as a candidate for the presidency.
Taking over the power
The handing over of the post was quite challenging as I
was still on my exchange in Vienna and leaving for
another month abroad but finally, thanks to the help of
Martin Míček and Ondřej Šabata (the previous
president and vice-president), we succeeded. After
more than a month I started orienting myself in what
the presidency and CEMS Club as a whole is all about.
My personal goal was to involve the university in the activities and their financing, introduce
the teambuilding weekends at the beginning of each semester and enhance the cooperation
with alumni. The involvement of Corporate Partners, one of the key competences of CC, is
fully managed by Stanislav Hába, the vice-president of CC Prague. Together, we needed to
come up with a clear strategy how to approach them, what should be offered under what
conditions and which rules should be valid for the cooperation.
The team meets once a week, maximum once in a fortnight to discuss the progress, deal
with open issues and set new goals. I have to be present at all the meetings which we keep
at a very relaxed atmosphere. Being a president includes lot of email conversations with the
team members who I need to coordinate - I need to know what they are up to, how far they
are with the projects and step in if they need help. I am responsible for the observance of all
the deadlines of all the team members. I am also in a very close contact with the university
representatives whom I regularly inform about our activities and plans.
At the beginning I was involved in the initial meetings with CPs which is a priceless
experience for my personal growth. Each CP is different, negotiates in a different way and
expects a specific attitude from us - this enhanced my professional growth significantly.
As a president I was also responsible for representing our club at the Annual Events and the
CEMS Club Conference held in Cologne – representing the best student club within the
community was a great privilege for me.
The presidency enabled me to enhance my professional and personal qualities. I learned
how to lead a team, how to deal with problems effectively, how to manage time and
conflicts or how to present my goals to different stakeholders (university representatives or
CPs). Honestly, the presidency is also a great item in a CV and you can use it for numerous
behavioural questions during an interview.
The presidency consumed a huge amount of my free time but by choosing the right team I
was all the time among friends. I can sincerely say that I enjoy being a CEMSie, being with
CEMSies and spreading the CEMS spirit a lot – in my opinion that is one of the most
important prerequisites for a good and successful president. The biggest reward for me is
seeing the ideas coming true and CEMSies enjoying them.
I strongly hope to hand over my function to a qualified successor who would enjoy being
with people, leading a team, organizing various events, setting and reaching goals and
obtaining the unique chance to train for his/her future career path. Is it you? Do you want
more information? Do not hesitate to contact me! Judita.firstname.lastname@example.org
The current CEMS Club functions as a team and we are very proud of it. Although each team-
member is fully responsible for his/her functional field, we discuss most of the topics
together and decide about them jointly. We believe that together we can make a difference.
Stanislav Hába is responsible for the relationship management with Corporate Partners. His
function involves regular meetings with the representatives of Corporate Partners, offering
them our activities, negotiating conditions and fostering the relationship with them. He is
also in a close contact with Tereza Králová, the CEMS CP coordinator.
Zdeněk Fous is our treasurer responsible for the entire financing of the club. This includes
the setting up of a year budget and keeping up to it, taking care of the tax declaration,
requesting and managing subsidy programs as well as issuing of invoices.
Petra Chocholová, our socializing expert, organizes the regular CEMS drinks, the activities
before them, events like Gala Casino Night or rookie and teambuilding weekends.
Pavlína Šimurdová is promoting CEMS through all thinkable channels. Writing articles,
managing the CEMS notice boards at the University, organizing CEMS Day and spreading the
word about CEMS/ IM is her main responsibility. And last but not least, Petr Dvořák is the
“royal photographer” and webmaster whose position involves being present at the
maximum of CEMS events and updating and managing the webpage.
Are you interested in any of those fields/ functions? Think about it and get involved in the
next CEMS Club Prague, it’s worth it!
Ondrej Šabata: What is the CEMS Student Board?
Student Board (SB) is a global body consisting of elected Ondřej Šabata
CEMS students (one representative with one-year CEMS class 2007/2008
mandate per school), which acts as the student voice University of Economics
within the CEMS governing structure. Even though the in Prague,
Norwegian School of
SB comprises just students, it has a strong influence, as Economics & Business
it has a voting right in the CEMS Executive Board. Administration
Moreover, it regularly interacts with all CEMS
stakeholders (Head Office, Corporate Partners, Member
Schools, Alumni Association, etc.) to advise them on various issues concerning further
development of the MIM programme. To be more specific, the SB has the following mission:
• Gathering student opinion about CEMS and the CEMS MIM and casting this to all
• Implementing and managing global projects which have a positive impact on CEMS
• Providing support to the CEMS Clubs.
To be able to fulfill this mission, the SB is divided into 4 project groups led by 4 team leaders
(CEMS Club Support, CSR, Student Relations, MIM Affairs), who are supervised by a
President and a Vice-President. The SB members gather three times a year in different places
around the world for one week conferences (all costs covered by CEMS), and in the
meantime they work on projects within their scope of responsibility.
Why should you consider submitting your candidature for the CEMS Student Board
Representative of VSE?
Being a SBM is without doubt one of the most valuable extracurricular experience you can
get during your CEMS studies, as SB offers a lot of opportunities to go one step further and
set yourself apart by engaging actively in impactful projects, from which the whole CEMS
community can benefit. And that counts a lot in your CV!
So if you want to improve your leadership skills, work on interesting tasks by interacting with
highly motivated people, develop valuable contacts, see interesting places, and last but not
least have a lot of fun and make friendships for life, SB is the right place for you to be!
To illustrate the points by my own experience: During my mandate so far, I’ve had a chance
to take part in setting up a new mission statement and structure of the SB; I’ve led a team of
7 nationalities with budget over €5000 and impact on ~2600 students; or got quite tipsy
when socializing with the former Portuguese prime-minister and current president of a
leading international bank. Does this sound interesting? Then consider running for this
If you want to know more about any Student Board related issue, I will be more than happy
to talk to you any time (if possible not at 4:01am). :) email@example.com
How to Find a Perfect Internship: My Times at Lufthansa
By Jitka Foralová
It was last summer after my busiest semester at VŠE Jitka Floralová
when time has finally come and I had to deal with the
CEMS class 2008/2009
last missing item in my CEMS CV - internship search.
University of Economics
Where do I start? How many applications should I send in Prague,
out? What countries and companies would meet my University of Cologne
job and life style expectations? Probably just like many
of you I was haunted by financial crisis stories about
intern cutting and about crazy number of students
applying for each opening. Well, I cannot but
confirm . I believe, however, that if you start early
enough and if you possess a high degree of
motivation, you will certainly come across an
attractive opportunity – just like I did at Lufthansa.
What I think really matters when applying for an
internship abroad are not only common requirements
(like excellent school records, language skills, ability to
be a committed team player or strong and confident
personality) but also an extraordinary interest in the
particular field the company operates in. Thanks to my
interest in tourism topics and huge passion for airline
management, Lufthansa was, luckily, a pretty clear choice for me. Of course I wasn’t that
foolish to apply just at one company. Speaking of foolish things, there is another important
success factor – luck. You always need a tiny piece of luck to achieve your goal.
Working at Lufthansa
My internship at Lufthansa in Germany was in every respect a great experience. Lufthansa
belongs to one of the biggest employers in Rhine area and only in its global center in
Frankfurt offers approximately 150 intern positions. I was very positively surprised by
openness and friendliness of company culture. Most of my German colleagues came from
international background and in their forties or fifties have already seen many amazing
places all over the world. Casual lunch chats about vacation in Hawaii, Bahamas, Shanghai or
Buenos Aires were no exception and left me in a hope that one beautiful day I might be able
to visit these places as well☺. Anyway, my experience proved that most of the old prejudices
about German starchiness and pedantry are wrong.
For the period of five months I was working in
Ticketing and Fare Quote Team which was a
part of Reservation Systems Department. Even
though at the beginning I had quite a hard time
to understand all systems and processes,
I really enjoyed exploring the secrets and never
stopped being astonished how sophisticated
and complex airline operations are.
Furthermore, I had a great boss who not only
patiently answered my curious questions but
also encouraged me to get to know other areas of airline business. It was interesting to
accompany him at project meetings. I also had a chance to do several excursions at other
departments at the airport and to enjoy pleasures of customer interaction.
Apart from daily duties, Lufthansa employees are welcome to take part in numerous
educational activities. What I personally found most interesting was a tour organized by
Lufthansa Technik – a part of LH responsible for maintenance of planes. During three hours
you get a unique opportunity to visit maintenance areas, to learn about construction and
safety issues, to visit the cockpit or to shortly enjoy the luxurious feeling of first class.
Lufthansa has made a very good impression on me. There is, however, one special thing I
value the most. You can feel that employees (so called Lufthanseaten) are really proud of
working there. Lufthansa brand is not only very popular in Germany but also known as a
reliable and loyal employer. I wish I could feel the same way towards my future employer.
Life in Frankfurt
Frankfurt is a very cosmopolitan and international city known above all as a financial center
of Germany. It is a great place to live and work if you’re a fan of crazy city life, shopping or
night life excitement. In spite of the fact that I was quite busy with writing my thesis, I
couldn’t miss the opportunity to visit several Frankfurter pubs and clubs. Every two weeks
Lufthansa organized a little intern get-together in one of the city center bars. The choice of
places was very diverse. This way I celebrated my 25th birthday in a gay bar which (as you
may imagine) was an unforgettable experience for me.
For those of you who might get the feeling that my time in Germany was almost idyllic I have
bad news. Germany is for sure a very safe and civilized country. Nevertheless, if you’re not
careful enough, you might meet bad people and get into trouble. I was very unlucky and
from different reasons I had to change four different apartments during five months.
Therefore, carefulness is definitely in place!
To all of you who are about to apply for an internship abroad I wish only the best! It can take
a while but if you keep on trying and choose well, you will for sure succeed. And in case this
article infected you with at least a little airline enthusiasm, I’ll be happy to provide you with
additional information. Good luck☺!
How to Find a Perfect Internship: My investment in Vienna
By Jan Vyhlídka
As each and every CEMSie I had to find an internship. Jan Vyhlídka
Because I wanted to finish all compulsory parts of the CEMS class 2008/2009
programme as soon as possible, I was seeking an offer University of Economics
amid the worst months of the financial crisis. Given that in Prague,
the main area of my interest was finance, it was a very Vienna University of
Economics & Business
tough job. I tried to apply for a position in several
international financial services companies and I was
either briefly rejected or I did not even receive a reply.
Fortunately, I had an ace hidden in a sleeve. I spent my
term abroad in Vienna studying mainly financial courses.
One of them was taught by a man who launched his own
investment fund/family office after a successful career in
banking industry. He mentioned that he occasionally
offers internships for students of CEMS and other
programmes in which he shares his experience. I wrote
to him an email with a short motivation and attached my
CV, and in two weeks I received a reply that I can start
working for his company at the beginning of August. No
application process - no pain; it was absolutely perfect.
Accommodation was no problem, Vienna is full of
students and most of them leave the city during the
summer to travel abroad. As they need somebody to
share the costs of an empty flat, it was very easy to find
a room. Everything else went smoothly and in August I
The company was a very small business. Apart from my
boss I had two other colleagues and later another one
joined. The atmosphere in the company was friendly –
like a family run business - and the working hours were very reasonable on a financial
company. We also had few company lunches together and before I left they arranged a
goodbye evening for me.
My first responsibilities were to become quickly acquainted with Bloomberg Terminal and to
prepare simple macroeconomic analysis. Then I delved into mysteries of monetary policies
of the major central banks. I also worked on several other assignments such as an analysis of
diamond market or macroeconomic situation of Canada, but probably the most interesting
project was an analysis of the situation in Iceland and the reasons why they were hit so hard.
Most of the time I worked in English and occasionally I went through some German
Besides work I had also quite rich personal programme. I had free weekends and I learnt
from my friends that there is a great opportunity to purchase “Sommerkarte” which enabled
me to travel practically for free by train. I saw a huge part of Austria and I made few trips to
the Alps, trip to Bodensee and Liechtenstein. I had also time to hang out in my favourite
Viennese places such as “1516” with my friends whom I knew from the winter semester and
with the new ones who arrived.
To conclude, what I really value is that I had an opportunity to work on a wide range of
assignments. My work scope was not limited to any narrow area, instead I was assisting my
colleagues and my boss with diverse tasks they found promising at the moment. I learnt a lot
and I had an excellent time in Vienna.
Most students aim at finding a job in a large company, but after my experience I would
advise to consider small enterprises as well. It can bring more opportunities and challenges
than a routine to which one may be exposed in a multinational firm, and the application
process is much shorter and easier. You will definitely not regret such choice.