QTEM

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QUANTITATIVE TECHNIQUES FOR ECONOMICS & MANAGEMENT

Annual Report 2018-2019

WelcomeAs QTEM embarks upon its seventh year, we are pleased and proud to report the results of our member’s dedication, our student’s ambition, and our network’s relevance in the rapidly changing world of data analytics. We are confident in the training we are providing to QTEM students and in their ability to become leaders in their respective careers - and ever more convinced of the necessity of our mission.

It has been my privilege this past year to serve as the Chair of the Board and to attest to the growth, participation, and commitment of the network. With the continued collaboration from our Academic Partners, Corporate Partners, and students, I look forward to pursuing our remarkable trajectory in the year ahead.

Federico Pasin Chair of the Board Director, HEC Montréal

Table of contents

SNAPSHOTS OF STUDENTS AROUND THE GLOBE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

QTEM 2018-2019 BY THE NUMBERS . . . . . . . . . . . . . . . . . . . . 6

QTEM DATA CHALLENGE (QDC) . . . . . . . . . . . . . . . . . . . . . . . . 8

QTEM STUDENTS ARE UP TO THE CHALLENGE! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

ALUMNI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

A WORD FROM THE CORPORATE ADVISORY COUNCIL PRESIDENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

HOW WE WORK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

WHY QTEM? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

TESTIMONIALS FROM QTEM STUDENTS . . . . . . . . . . . 16

LOOKING AHEAD: LETTER FROM THE SECRETARY GENERAL . . . . . . . . . . . . . . . . . . . . . 17

ACADEMIC PARTNERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

CORPORATE & SOCIAL PARTNERS . . . . . . . . . . . . . . . . . . . 19

Q T E M - A N N U A L R E P O R T 3

Q T E M - A N N U A L R E P O R T 4

Fromthe students

Q T E M - A N N U A L R E P O R T 5

One year in—and what a year it was! As we conclude our first year, we wish to thank the outgoing QSA President, Vice President, Treasurer and QSA Club representatives for their leadership, enthusiasm, and dedication—and for creating a solid foundation for us to grow. During the past year the number of clubs grew from five to thirteen; our first student-organized elections for the QSA governing board were successfully realized; the creation of QTEM-branded items for fundraising is well underway; and local clubs organized upwards of 30 activities around the world, involving more than 150 students, as well as a regional meet-up with students from four different universities. Our goal of connecting, engaging and empowering students is becoming a reality! As the second QSA President, I look forward to creating more successes in the year ahead.

Lavinia RubinacciQTEM Student Association PresidentSolvay Brussels School of Economics and Management, ULB

PORTO

MONASH STUDENTS IN TASM

ANIA

BOWLIN

G IN M

UNICH

OSLO

BRUSSELS

TOKYO

Snapshots of students around the globe

141CORPORATE PARTNERS

SOCIAL PARTNERS (Hooray! First one!)

24

5

ACADEMIC PARTNERS

1739

COUNTRIES WHERE YOU’LL FIND QTEM

QTEM

42%MEMBER UNIVERSITIES

WITH TRIPLE CROWN ACCREDITATION:

CONTINENTS WHERE YOU’LL

FIND QTEM

QTEaM

4 FULL-TIME EMPLOYEES3 PART-TIME

EMPLOYEES

NUMBER OF QDC PARTICIPANTS

376% OF WOMEN AND MEN

NUMBER OF STUDENTS

289NUMBER OF ALLOCATED DESTINATIONS

167NUMBER OF ALUMNI

823FACEBOOK LIKES

(Hey, don’t forget to like us!)

2018-2019by the numbers

NUMBER OF ESPRESSOS CONSUMED

AT QTEM HQ

419

TOP 3 DESTINATIONS FOR QTEM EXCHANGES:- EDHEC- MONASH- UVA

56% M44% F

Q T E M - A N N U A L R E P O R T 7

For the 2019 Data Challenge, Solvay provided real data, along with invaluable coaching, to help participants master new analytical techniques and tools while experimenting with innovative teamworking models.

QDC 2019 by the numbersAverage amount of time students spent on the QDC: 100 hoursNumber of QDC participants: 39Percentage of female finalists: 65%Number of universities represented: 1691% of students surveyed said “the QDC will significantly help their future career.”

Number of alumni coaches = 10 (3 @ McKinsey & Company)

Number of universities represented in each team = 3Average number of kilometres separating each team member = 2000

L aunched in 2018, the QTEM Data Challenge (QDC)

was created to facilitate group learning, provide an exciting challenge, bridge industry and academia, and build a cohort effect among disperse student populations. Three finalist teams, each composed of three students from QTEM universities around the globe, competed before a panel of academic and corporate experts for the final prize in Oslo during the annual event. Con-gratulations to The Outliers!

The winning team: The Outliers(L to R: Daniel Holmedal, BI Norwegian Business School; Danielle Rubas and Aurélien Lejeune, both SBS-EM)

Teams presenting at the QDC

Questions from judges

STUDENTTESTIM

ONIALS

“We had the chance to work in multicultural teams, develop new analytical and quantitative skills and learn by doing. It has been an extraordinarily valuable experience that crowned the end of my studies.”Luca Zamagni, LUISS

“The QDC allowed me to learn more while consolidat-ing previous knowledge - and it allowed me to meet two very talented colleagues.”Catarina Martins, FEP-U.Porto

“Through this challenge I was able to get to know my own strengths and those of my team members and how we could get the most out of each other.”Bing Windt, University of Amsterdam

QTEM Data Challenge (QDC)

Q T E M - A N N U A L R E P O R T 9

QTEM students are up to the challenge!

Data matters. And to prove it, this past year QTEM students participated in – and often won – data and business competitions around the globe! Not to mention participating in McKinsey & Company’s “Crack the Case” in Brussels.

MONTREALCANADA

PORTO PORTUGAL

BRUSSELS BELGIUM

Q T E M - A N N U A L R E P O R T 11

The Beliebers in the Leaders team taking second place in the International Business Analytics Challenge, Montreal, Canada.

Team 16 competed at the International Business Analytics Challenge, Montreal, Canada.

FEP-U. Porto students Catarina Martins and Hugo Barbedo (right) won FEP Master’s Challenge 2019 edition, Porto, Portugal.

QTEM’s Simone Romano (2nd from left) & LUISS team placing 4th (of 52) at Rotman International Trading Compe-tition, Toronto, Canada.

QTEM students competing in SBS-EM’s Business Game, Brussels, Belgium.

Cracking the Case at McKinsey & Company, Brussels, Belgium.

WARSAW POLAND

Second Place in the SGH Business Game, Warsaw, Poland.

TORONTOCANADA

Q T E M - A N N U A L R E P O R T 13

Alumni

Alumni per industry

REASONS FOR CHOOSING QTEM:

ALUMNI JOINED THE QTEM PROGRAM

MAINLY BECAUSE OF

1 International Exposure

2 High Selection Standards

3 Analytical Learning QTEM HAS A

POSITIVE

NET PROMOTER SCORE OF

87.5% of alumni respondents found a job within

3 months of graduation.

65.3% of alumni respondents work at large companies while 6.1% of alumni respondents started their

own business.

RATING:

THE AVERAGE RATING OF THE QTEM PROGRAM FROM

ALUMNI RESPONDENTS IS

8.4 OUT OF 10

Consumer Goods

40.8%

14.5%

10.2%

6.1%

4.1%

24.5%

Finance

Consulting

Technology

Consumer Services

Others

44

A word from the Corporate Advisory Council PresidentData analytics are driving business. From consulting and finance to chemicals, automobiles, human resources, medicine and beyond, the role of data composes the core fabric of QTEM’s Corporate and Social Partners. The need, then, for strong analytical skills is imperative in today’s work force. The insights that businesses and NGOs can give to academia—and vice versa—are invaluable not only to these professionals, but to the students being prepared to take up future leadership roles.But it is not only data analytics that set the QTEM network and students apart; it is also the multi-cultural and globalized approach that is increasingly imperative in today’s markets. By completing international exchanges and the QTEM Data Challenge (QDC), students gain real-world experience and an international perspective. With the QDC, companies have the opportunity to be in direct contact with top students while gaining valuable insights into their own data—creating a win-win proposition.During the past year, as President of the QTM Advisory Council, it has been my pleasure to synthesize the input and expertise of QTEM’s corporate and social partners to benefit the Network’s evolution.

Bruce Fecheyr-LippensGlobal Head Agile Working, Digital HR, People Analytics, and HR Director Excellence Center, Solvay

How we work Why QTEM? The World is your Classroom

GENERALASSEMBLY

BOARD

CORPORATEADVISORYCOUNCIL

Board meeting during the EFMD Annual Conference

in Portugal, left to right: Michaela Rankin (Monash

University), Federico Pasin (Chair, HEC

Montréal), Philip Vergauwen (Solvay Brussels

School of Economics and Management),

Giorgio di Giorgio (LUISS Guido

Carli), Laurent Gheeraert (QTEM

Managing Director), Janicke Rasmussen (Vice-Chair, BI

Norwegian Business

School), Bruno van Pottelsberghe

(QTEM

Secretary

General)

QTEM students not only have access to some of the best universities for analytics, management, and economics but they have real world experiences that enhance their classroom learning and prepare them for their future careers. Students select up to

two international exchanges and one professional internship with an analytical focus. With a high degree of freedom, students can set their academic path by choosing different courses at member universities around the world.

H O M E U N I V E R S I T Y

G O E T H E U N I V E R S I T Y

G O E T H E U N I V E R S I T Y

S O LVAY B R U S S E L S S C H O O L

M O N A S HU N I V E R S I T Y

L U I S S G U I D O C A R L I

L U I S S G U I D O C A R L I

U . P O RT O

U N I V E R S I T Y O F A M S T E R D A M

M O N A S HU N I V E R S I T Y

STU

DEN

T A

STU

DEN

T B

STU

DEN

T C

1 S T S E M E S T E R A B R O A D

2 N D S E M E S T E R A B R O A D

I N T E R N S H I P

Q T E M - A N N U A L R E P O R T 15

ACADEMIC COMMITTEEADMISSION COMMITTEE

FINANCIAL REVIEW COMMITTEE

QTEAM

STUDENT ASSOCIATION

Q T E M - A N N U A L R E P O R T 17

Testimonials from QTEM Students:

Looking ahead Letter from Secretary General

“QTEM is the perfect solution for people who want to develop their quantitative and analytical skills in an international environment. It allowed me to meet and to

work with the brightest people from all over the world and open doors I never expected to open. Due to the international oriented curriculum focusing on

improving quantitative and analytical skills I am perfectly able to react to opportunities.”

Rik Fitters Tilburg University

“My experience at Exeter and during my QTEM exchange has been invaluable to my career. I wanted to seek a role at an international company in the financial service

industry and I now have two years’ international experience. I have improved my interpersonal skills by working with a variety of people

from different cultures and backgrounds and have had the opportunity to further improve my financial and quantitative analysis skills in a practical setting. Both my degree at Exeter and the QTEM

programme have helped me stand out from other graduates.”

Leyi LiuUniversity of Exeter Business School

“QTEM has enabled me to gain the cultural experience that is crucial to succeed in the globalized business world we live in today. I have learned how to adapt to

other cultures and norms, and how to interact with people from all corners of the world.

As a QTEM student, I believe I stand out to employers when applying for jobs. The employers I have encountered have been impressed and interested about how the QTEM program is structured, and clearly see

the great learning outcomes that QTEM students achieve.”

Nicoline SkaugBI Norwegian Business School

As we look to the year ahead and all that we hope to achieve as educators, thought leaders, and as a network, it’s imperative to first consider the past year and all that has been achieved. During our sixth year, QTEM welcomed a new Academic Partner and our first Social Partner; grew student enrollment and QDC participation; expanded alumni numbers and offerings; held the first QDC finalist competition and the second Analytics Conference in Oslo; and saw the QSA Clubs jump from five to thirteen! As any good data scientist can tell you, the numbers don’t lie. And we’re proud of our numbers. But what a better data scientist may tell you, is that if you dig a little deeper, the numbers may tell a more interesting story.

This past year students - on their own initiative and with the QTEM skills they have learned - pursued, participated in and won various business and analytic challenges around the globe. At the same time, QTEM welcomed Doctors Without Borders Brussels as its first NGO member, underscoring that data understanding and interpretation across all sectors is undeniable. Which brings me back to that deeper story ...As our network continues to strengthen and mature, we see confidence taking root in our students and in new sectors, such as NGOs, to rely on QTEM training and thought leadership to use data wisely. And as we look to the year ahead, it is this deeper story that we value most: the skills and knowledge to use analytics to create a better world.

Bruno van PottelsbergheQTEM Secretary General

Academic Partners

Partners

HEC Lausanne

QTEM was especially pleased to welcome our first Social Partner, Doctors Without Borders Brussels this past year, signalling the importance of data interpretation and analysis across sectors.

Q T E M - A N N U A L R E P O R T 19