GISMA Business School

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GISMA Business School was a private educational institution in Hanover, which offered a post-graduate management training Master of Business Administration. GISMA established in 1999 through an initiative of the company and the Government of Lower Saxony forth. She was privately organized and managed. GISMA cooperated with the Krannert School of Management at Purdue University in Indiana, USA and the University of Hannover and offered both a German and an American MBA degree from. In addition to a 11- month full -time MBA program, in cooperation with the Krannert School of Management, and a 22 -month part-time Executive MBA program, in cooperation with the Krannert School of Management, TiasNimbas Business School in the Netherlands and the CEU Business School in Hungary, GISMA also offered a part-time MBA in the weekend format. As of August 2012, the portfolio GISMA to the Master of Science in Industrial Administration ( MScIA ) has been extended. The GISMA programs were internationally accredited by the Association of MBAs ( AMBA ) and AACSB.

Bankruptcy and sales

GISMA has filed for bankruptcy on May 14, 2013. The reason for the inability to pay the press called severely declined as student numbers combined with high financial burden through cooperation with Purdue University. Last 24 persons were enrolled in full-time MBA program while it was in previous years, more than 70.

On August 29, 2013 reported the HAZ that GISMA to the Global University System BV had been sold, after the founder of the London School of Business and Finance, Aaron Etingen stand. A continuation was planned.