EMBA Electives

Behavioral FinEcon: Why Smart People Make Bad Decisions Under Uncertainty

WHU – Otto Beisheim School of Management | Vallendar, Germany

This course provides insights from behavioral finance and economics to help participants understand how psychological and organizational factors influence judgment, decision-making, and risk assessment. By applying these concepts to real-world business challenges, participants develop greater resilience and the skills needed to lead with confidence in uncertain times.

Competing in Financial Services: Strategy, Technology, and Regulation

Kellogg School of Management | Miami, USA

This course explores the opportunities and challenges at the intersection of finance, technology, and regulation, and their impact on business and society. You will develop a broad understanding of the FinTech and banking landscape, including disruptive innovations in machine learning and generative AI, regulatory arbitrage across real estate, asset management, payments, and lending, and the use of blockchain for cryptocurrencies, stablecoins, tokenization, and decentralized finance. You will also build the analytical tools needed to evaluate the profitability of innovation in financial intermediation, considering market dynamics, competition, regulation, and the role technology plays in helping both challengers and incumbents thrive.

Entrepreneurial Finance

WHU – Otto Beisheim School of Management | Vallendar, Germany

In this course, you will explore the financial and economic foundations of launching a new venture. You will examine financing options, capital and governance structures, and risk management tools at each stage of a venture's lifecycle, from idea to exit. These decisions are complex and path-dependent, meaning early choices carry long-term repercussions for future financial strategy. They also substantially influence how much economic value a start-up creates and captures, and how that value is ultimately distributed among its shareholders.

Financial Modeling for Private Equity Transactions

Kellogg School of Management | Miami, USA

Building on your foundational skills in business analysis and forecasting, this course teaches you how to weave financial projections into coherent, spreadsheet-based pro-forma financials. You will start with conceptual examples that illuminate the linkages between the three core financial statements, income statement, balance sheet, and cash flow, before applying those principles to forecast the financials of real companies. The course culminates in building your own leveraged buyout model in Excel, leaving you equipped to assess any company and determine whether it is a viable LBO candidate.

Global Corporate Restructuring

Kellogg School of Management | Miami, USA

In this course, you will explore ventures, family businesses, closely held firms, and corporate restructuring transactions in both U.S. and international contexts. You will analyze a range of restructuring strategies, including mergers, acquisitions, takeovers, spin-offs, and leveraged buyouts — through a unified framework that integrates corporate governance, agency dynamics, financial and strategic management, and legal and accounting considerations. Together, these lenses illuminate how to unlock hidden value for all stakeholders involved.

Governance, Control, and Board-level Forensic Thinking

Kellogg School of Management | Miami, USA

This course provides leaders with a practical understanding of governance structures, control systems, and reporting quality, while examining the factors that contribute to corporate scandals and financial misstatements. Participants develop the knowledge and judgment needed to strengthen oversight, mitigate risk, and promote transparency and accountability within their organizations.

International Finance

Kellogg School of Management | Lisbon, Portugal

In this course, you will explore international financial instruments, markets, and institutions. Topics include the nature of foreign exchange risk, how exchange rates and interest rates are determined, managing foreign exchange risk with forwards and options, exchange rate forecasting, evaluating international investments, currency speculation, the impact of monetary policy on exchange rates, and current developments in the international financial system.

International Real Estate

Kellogg School of Management | Online

This course equips participants with a strategic framework for assessing and executing international real estate investments, with a focus on identifying opportunities, managing risks, and understanding the factors that drive long-term performance. Through real-world cases and industry analysis, participants learn how investors create value across diverse global markets.

Mergers and Acquisitions, LBOs and Other Reorganization Methods

Kellogg School of Management | Miami, USA

In this course, you will develop a deep understanding of the motivations, decision processes, and valuation consequences of financial, business, and organizational restructuring by corporate units. You will build the skills to plan, evaluate, and execute corporate restructuring strategies using financial modeling and quantitative techniques, while also gaining an appreciation for the fundamental issues underlying the structure and functioning of the market for corporate control, all within the framework of finance theory.

The World Economy

Kellogg School of Management | Miami, USA

This course examines the most important business regions in the world, including the U.S., Europe, Japan, China, India, Russia, Eastern Europe, Latin America, and Africa. You will develop a working knowledge of the economic drivers, challenges, and opportunities present in each region, while also gaining insight into the performance of equity and bond markets across different countries and the economic forces underlying oil and other commodity markets. 

Value Investing from an Economic Perspective

HKUST School of Business and Management | Hong Kong

This course covers the foundational theory and philosophy of value investing as it has evolved since Graham. You will explore the styles of influential value investors, including Graham and Buffett, and develop core investing techniques spanning search, valuation, and portfolio construction, applying this framework through the analysis of specific companies.

AI Foundations for Executives

Kellogg School of Management | Miami, USA

This immersive, hands-on course takes you from AI outsider to AI insider in just a few days. You will gain practical experience building with generative AI, complete a real-world project that demonstrates tangible business value, and develop the vocabulary and conceptual framework to navigate a rapidly evolving landscape. Along the way, you will explore how AI works, engage with the latest AI agents and tools, examine key ethical considerations, and cultivate the curiosity and experimentation mindset needed to stay ahead as the technology continues to evolve.

AI in Business and Society

Schulich School of Business | Toronto, Canada

This course equips you with the tools and insights to understand, manage, and implement generative AI effectively at the organizational level. You will explore the history and evolution of AI, ethical considerations and risks, strategy and implementation, productivity benefits, agentic and robotic AI, and what lies ahead, giving you a comprehensive foundation to lead with confidence in an AI-driven world.

Building and Scaling Intelligent Products: An Entrepreneurial And GenAI Perspective

Kellogg School of Management | San Francisco, USA

In this course, you will develop the frameworks, tools, and hands-on experience to lead as an effective global product leader. You will gain a foundational understanding of machine learning and AI, explore strategies for scaling intelligent products profitably, and learn how automated agents can transform workflows and reduce operational costs. Through case studies, peer workshops, and mentorship from industry leaders, you will leave equipped to drive data-driven decisions and shape AI strategy across both startups and large established firms.

Early Stage Investing & Fundraising

Kellogg School of Management | San Francisco, USA

Early-stage fundraising can be an essential, and often difficult to navigate, ingredient in a startup's growth. This course explores the fundamentals from both sides of the table: the angel investor seeking strong deals and the entrepreneur pitching for funds. You will examine how these two roles are deeply interdependent, each shaping the other as they work toward a common transaction, equity in exchange for capital, with the investor seeking outsized returns. By tackling both perspectives, you will leave with a sharper sense of how to evaluate a deal as an investor and how to position your company compellingly as a founder.

Entrepreneurial Selling

Kellogg School of Management | Miami, USA

Selling is a life skill, and revenue is a daily pursuit. Whether you manage a multinational company or are venturing out on your own, this course challenges you to embrace the role of owner, no matter your current context. You will walk away with foundational habits and new practices for every client and team interaction, replacing guesswork with approaches that drive objectively positive results.

Launching and Leading Startups

Kellogg School of Management | Miami, USA

This course is a broad survey for innovative, entrepreneurially-minded students that examines the biggest and most challenging problems entrepreneurial CEOs must solve to build successful companies. Topics span the full startup journey, from mitigating risk and finding product-market fit, to unit economics, fundraising, scaling, and leadership. Whether or not you plan to launch a business after graduation, this course will give you a real sense of what it means to be the decision-maker, with lessons equally applicable to leading a "startup" within a larger organization.

Leveraging Collaboration for Innovation

WHU – Otto Beisheim School of Management | Vallendar, Germany

In this course, you will develop a rich set of concepts, frameworks, and tools to build, manage, and capitalize on inter-organizational collaboration. Through real-world cases drawn from a range of industries, you will explore three distinct modes of collaboration and how to apply them to drive innovation and create value.

Phase 0: Designing, Building and Communicating Compelling New Ventures

Kellogg School of Management | Austin & Miami, USA

This course gives you the tools and confidence to build and launch a new venture from the ground up. You will learn how to identify problems worth solving, test your assumptions about possible solutions, and refine your hypothesis based on experimentation and market feedback, ultimately accelerating the path from inspiration to execution, operations, and growth. A central focus is achieving product-market fit: developing the right offer for the right customer and building the conviction to bring others along on your journey.

TechVenture India

Kellogg School of Management | Bangalore & Delhi, India

This course provides an immersive exploration of key technology trends and their impact on business, highlighting how emerging markets such as India are becoming critical centers for technology development, talent, and entrepreneurship. By combining academic frameworks with hands-on field experiences and applied research, participants gain practical insights into the intersection of technology, innovation, and global business strategy.

Growing & Sustaining Success in Biopharmaceutical Firms

Kellogg School of Management | Evanston & San Francisco, USA

Creating value in the biopharmaceutical industry requires thoughtful decisions about investment, portfolio strategy, partnerships, and growth. This course provides an insider’s perspective on how large biopharma firms evaluate opportunities and deploy capital to maximize long-term success. Participants build on foundational strategy and finance concepts while developing a deeper understanding of the decision-making processes that drive performance across the industry.

Managing Health Care Services in a Value Based Setting

Kellogg School of Management | Evanston & San Francisco, USA

This course explores the financial, strategic, economic, and operational foundations of value-based healthcare, examining how providers, payers, and emerging entrants are adapting to incentives that reward quality outcomes rather than service volume. Participants will gain frameworks for understanding care delivery, navigating relationships with established industry players, and identifying opportunities to succeed in an evolving healthcare ecosystem.

Using Analytics to Create and Capture Value in Healthcare

Kellogg School of Management | Evanston & San Francisco, USA

As healthcare organizations seek better outcomes, lower costs, and greater equity, decision-makers face a growing number of competing innovations and investment opportunities. This course provides a framework for evaluating new healthcare models, using data, analytics, and emerging AI capabilities to separate meaningful value creation from superficial claims. Participants develop the skills to translate data into strategic insights, assess market opportunities, and effectively advocate for informed business and policy decisions.

Value Creation and Capture in Chinese Healthcare

Kellogg School of Management | Shanghai, China

This immersive course offers a firsthand look at China’s dynamic healthcare market and its growing role as a global hub for innovation. Participants explore key sectors including biopharmaceuticals, medical devices, digital health, and healthcare services while learning from business leaders, faculty, alumni, and site visits across the healthcare ecosystem. By combining classroom learning with direct industry engagement, the course provides practical insights into the strategies, partnerships, and innovations shaping the future of healthcare in China and around the world.

Value Creation and Capture in Early-Stage Biopharmaceuticals

Kellogg School of Management | Evanston & San Francisco, USA

This course provides a strategic and financial perspective on the industry, equipping participants with tools to evaluate investments, partnerships, licensing opportunities, and commercialization strategies. By integrating concepts from healthcare, strategy, finance, and economics, students gain a comprehensive understanding of the forces shaping the biopharmaceutical market and the decisions that drive success.

Influencing Decisions through Decks & Dashboards

Kellogg School of Management | Miami, USA

Your value in an organization is largely driven by your ability to turn data and evidence into persuasive ideas and solutions. Drawing on research from cognitive science, data visualization, graphic design, and data journalism, this course equips you with practical, research-backed tools for generating compelling insights and communicating them to any audience in ways that are clear, engaging, and memorable.

Selling Yourself and Your Ideas

Kellogg School of Management | Miami, USA

We spend more time selling ourselves and our ideas than we realize, and we have more ways to do it than ever before. Being a powerful communicator means developing the agility to adjust your message, content, approach, and style based on the situation, while maintaining a keen understanding of your audience, their expectations, and what success looks like. This course will have an immediate impact on your outcomes, equipping you with critical communication insights, skills, and tools to help you show up as a confident, effective communicator in any setting.

Advanced Negotiations

Kellogg School of Management | Miami, USA

This course builds on core negotiation principles to explore advanced negotiation theory and practice, helping participants develop sophisticated approaches to conflict resolution, coalition building, and cross-cultural engagement. Through applied learning and real-world scenarios, participants gain practical strategies for achieving better outcomes in complex business environments.

Creating & Managing Strategic Alliances

Kellogg School of Management | Miami, USA

This course provides a framework for understanding how collaborative partnerships create value and how leaders can effectively structure, manage, and scale alliance relationships. Participants explore the strategic and operational challenges of alliance management while developing practical insights into navigating complex networks of interorganizational partnerships.

Human & Machine Intelligence

Kellogg School of Management | Miami, USA

This course equips participants with a strategic understanding of AI, exploring how machine learning and generative AI technologies are changing business models, organizational capabilities, and market dynamics. By examining real-world applications, emerging tools, and ethical considerations, participants develop the insight needed to evaluate AI opportunities and lead successful AI initiatives in their organizations.

Leadership, Merit, and the Modern Workplace: Leading across Difference

Kellogg School of Management | Online

As workplaces grow increasingly complex, effective leaders must know how to lead across differences with skill, courage, and care. This five-session course equips students with research-based tools to build trust, strengthen team performance, and create organizations where merit is clearly defined, fairly assessed, and consistently rewarded.

Leading High Impact Teams

Kellogg School of Management | Chicago, USA

In this course, you will examine how to design, manage, and lead effective teams in organizational settings. You will explore the interpersonal dynamics and structural characteristics that drive team performance, the forces that shape relationships within teams, and how knowledge and information flow, and sometimes stall, among team members.

Managing Change

Schulich School of Business | Toronto, Canada

In today’s increasingly complex and fast-changing business environment, leaders must be able to drive and sustain organizational change. This course provides practical frameworks and tools for designing, implementing, and reinforcing change initiatives, helping participants build stakeholder buy-in, manage resistance, and create lasting impact across teams and organizations.

People-Oriented Leadership: Identifying and Overcoming Common Traps

WHU – Otto Beisheim School of Management | Vallendar, Germany

Organizations succeed when leaders can effectively mobilize, develop, and align people around shared goals. This course provides a behavioral science perspective on leadership and management, exploring how leaders influence performance, shape team dynamics, and navigate complex organizational challenges. Participants gain frameworks for understanding human behavior and strengthening their ability to make thoughtful, effective leadership decisions in an increasingly complex business environment.

Winning with Networks

Kellogg School of Management | Chicago, USA

Today's leaders face unprecedented levels of connectivity, complexity, and unpredictability. This course equips you with the tools of computational thinking and network analysis to better anticipate, understand, and respond to these challenges. Through diverse real-world use cases, spanning patenting, innovation adoption, social contagion, crowdsourcing, hot streaks, and prediction markets, you will develop a sharper ability to navigate and leverage the networks that shape modern organizations and markets.

Advanced Marketing Strategy

Kellogg School of Management | Chicago, USA

Making strategic marketing decisions means working with incomplete information, limited resources, shifting conditions, and competitors who are just as driven as you are, all while building alignment across your team. Understanding core marketing concepts is only the starting point; this course is designed to help you apply them in complex, real-world situations, sharpen your ability to make confident strategic choices, and communicate your recommendations in ways that earn support.

Designing Brand Experiences

Schulich School of Business | Toronto, Canada

In today's hyper-competitive environment, standing out requires more than a strong product - it demands a distinctive brand experience. In this course, you will explore actionable tools and methodologies for meaningfully differentiating your brand, capturing customer attention, and building the kind of mind-share that translates into market share.

Future Proofing Brands

Schulich School of Business | Toronto, Canada

In this course, you will learn how to build disruptive brands, those that redefine existing markets through novel value propositions, new customer segments, and emerging technologies. You will engage with a range of actionable tools and methodologies that enable you to develop and execute disruptive brand strategies in a systematic and comprehensive way.

Leading Product Organizations

Kellogg School of Management | Online

Products are the lifeblood of growth and innovation, for large enterprises and startups alike. This course prepares senior executives for product leadership by developing the strategic, analytical, and communication skills needed to drive product vision and success. You will learn how to craft product-led strategies, use analytics to fuel growth, foster a customer-centric culture, and lead effectively across the enterprise.

Luxury Strategy

Kellogg School of Management | Chicago, USA

Luxury firms have become some of the world's most valuable companies, not by competing on scale, but by cultivating exclusivity and extraordinarily compelling brands. This course provides a strategic framework for understanding luxury markets, building and sustaining luxury brands, and translating brand capital into financial returns. You will also explore what any firm can learn from the distinctive way luxury companies compete and win.

Marketing in China: Tech, Society, and Beyond

Guanghua School of Management | Shanghai, China

This course examines how these forces are transforming marketing strategy and consumer engagement, providing participants with a deeper understanding of market trends, digital innovation, and the cultural factors that shape purchasing decisions. Students leave better equipped to understand and compete in one of the world’s largest and most complex markets.

Strategic Brand Management

Kellogg School of Management | Lisbon, Portugal

Building on your foundation in marketing management and strategy, this course deepens your understanding of branding and equips you with the skills to identify and solve brand-related challenges. You will develop actionable strategies for building and managing strong brands, translating theory into practice with a sharp focus on real-world application.

Understanding Consumer Psychology

HKUST School of Business and Management | Hong Kong

This course provides a deep dive into the psychology of decision-making, exploring how consumers process information, form preferences, and respond to marketing stimuli. By developing a consumer-centered perspective, participants gain valuable tools for designing strategies that create stronger engagement, differentiation, and long-term customer value.

Corporate Social Innovation

Kellogg School of Management | Online

Through a Socratic, discussion-based approach, this course examines how organizations create social impact through corporate social responsibility, innovation, governance, and stakeholder engagement. Drawing on current events, real-world examples, and practitioner perspectives, participants explore successful and unsuccessful social impact strategies and develop a deeper understanding of how leaders can create shared value while driving meaningful societal change.

Investing for Community Impact

Kellogg School of Management | Online

Effective community investment sits at the intersection of finance, strategy, and social innovation. In this hands-on course, participants assess real investment opportunities and provide recommendations that inform capital deployment decisions for Kellogg’s Community Impact Fund. By partnering with local organizations and leaders, participants gain practical experience in impact investing, due diligence, and stakeholder engagement while exploring how strategic investments can strengthen communities and drive sustainable economic growth.

Nonprofit Board Governance

Kellogg School of Management | Online

This course equips participants with a practical understanding of nonprofit board leadership, governance responsibilities, and the complex challenges boards face today. Through case discussions, role-playing exercises, and insights from experienced board leaders, students develop the skills needed to make meaningful contributions as board members and organizational leaders.

Social Change Essentials: Methods, Money, and Partnerships

Kellogg School of Management | Online

This course examines the strategies, partnerships, and investment approaches that drive successful social impact initiatives, with a focus on scaling solutions and improving outcomes for individuals and communities. By combining evidence-based frameworks with an immersive decision-making simulation, participants gain a deeper understanding of how to design, evaluate, and lead efforts that create lasting societal change.

Beyond Compliance: Leading Cybersecurity & Privacy Governance Across the Enterprise

Schulich School of Business | Online

This course provides practical frameworks for establishing effective governance, fostering a security-first culture, and aligning cybersecurity and privacy strategies with organizational goals. Through real-world case studies, participants learn to assess risks holistically, navigate regulatory and ethical considerations, and lead cross-functional efforts that build trust, resilience, and competitive advantage.

China in Transition

Guanghua School of Management | Shanghai, China

This course provides a framework for understanding the key policies, market forces, and structural trends driving China’s economic transition, while examining their implications for businesses and global growth. Participants leave with deeper insight into one of the world’s most influential economies and the factors that will shape its future development.

Deal Making in China and Asia

HKUST School of Business and Management | Hong Kong

This course places participants in the role of investors, advisors, negotiators, and executives confronting real-world transactions across Asia, from venture capital investments and IPOs to infrastructure financing and market expansion initiatives. Through hands-on cases and collaborative discussion, students build the strategic and analytical skills needed to drive successful outcomes in cross-border business deals.

From Risk to Reward: Strategies for Sustainable Business Transformation

HKUST School of Business and Management | Hong Kong

Sustainability is increasingly a core driver of business strategy, innovation, and organizational resilience. This course equips leaders with the knowledge and tools to understand the evolving ESG landscape, evaluate its business implications, and develop strategies that balance financial performance with environmental and social impact. Participants leave with a practical understanding of how to lead organizations effectively in a rapidly changing global marketplace.

Governing for Generational Growth

Kellogg School of Management | Miami, USA

This program, offered through the John L. Ward Center for Family Enterprises, focuses on building the strategies and governance structures that allow family businesses to thrive today and across generations. You will explore how to design effective governance that supports innovation and growth, while also tackling the deeply human dimensions of running a family enterprise: succession planning, communication, conflict management, and board formation.

Healthcare Strategy

Kellogg School of Management | Evanston & San Francisco, USA

Healthcare leaders must operate in a sector where market forces, government policy, and social objectives intersect. This course builds on foundational strategy concepts to examine the unique challenges facing organizations across the U.S. healthcare ecosystem, from providers and payers to life sciences and medical technology companies. Participants learn how to evaluate opportunities, anticipate industry change, and develop strategies that drive both organizational performance and sustainable competitive advantage.

Incentives, Strategy and Organization

Kellogg School of Management | Miami, USA

Companies succeed and fail on the strength of their internal organization. Drawing on both neoclassical and behavioral economics, this course equips you with a toolkit for navigating the incentive, information, and behavioral challenges managers face when designing organizations. You will explore how to attract and retain the right people, foster cooperation and coordination, account for non-rational human behavior, and delegate decisions effectively, all in service of building an organization where people are motivated to do their best work and create lasting company value.

International Business with Chinese Opportunities and Challenges

Guanghua School of Management | Shanghai, China

This course equips you with the knowledge and tools to navigate international business in China, with Chinese partners, or in contexts shaped by China's growing global influence. You will explore a focused range of international business topics, from market entry and strategy to broader global business dynamics, developing the open-minded, informed perspective needed to succeed in one of the world's most complex and consequential business environments.

Leading Organizational Transformation

Kellogg School of Management | Chicago, USA

This course takes the perspective of chief executives operating at height and scale, overseeing thousands of people and hundreds of millions to billions in revenue. You will develop the knowledge and skills to lead complex organizations through change, with insights applicable whether you are a founder, investor, or senior manager navigating high-stakes decisions in ambitious, fast-moving environments.

Political Economy in China

Guanghua School of Management | Shanghai, China

The intersection of government policy and market activity plays a defining role in China’s economic development and business landscape. This course provides a framework for understanding how political institutions, local governments, and state-owned enterprises influence economic growth, investment, and competition. By examining contemporary case studies and policy developments, participants gain a deeper understanding of China’s economic model and the factors shaping its future trajectory.

Strategy Beyond Markets

Kellogg School of Management | Online

This course equips you with the concepts, analytical tools, and strategic frameworks needed to address non-market challenges, drawing on economics, political analysis, social psychology, and law. You will learn to recognize patterns in non-market environments, anticipate outcomes, and develop strategies that strengthen your organization's position and performance in a complex external landscape.

Unlocking Executive & Enterprise Value with Generative AI

Kellogg School of Management | Chicago, USA & Hong Kong

In this course, you will develop the conceptual and strategic foundation needed to lead AI adoption within your organization. You will explore what generative AI is and how it differs from other forms of artificial intelligence, why it is becoming a critical driver of competitive advantage, and how it can be applied to fuel product innovation, improve customer experience, and increase operational efficiency. You will also examine the ethical and legal considerations executives must navigate when implementing AI solutions, and look ahead to how the landscape is expected to evolve, so you are prepared to lead with confidence in a rapidly changing environment.