Solvay Brussels School of Economics and Management
The Solvay Brussels School of Economics and Management (SBS-EM) is an economics and management school and a Faculty of the Université libre de Bruxelles
Université Libre de Bruxelles
The Université libre de Bruxelles is a French-speaking university in Brussels, Belgium. It has 21,000 students, 29% of whom come from abroad, and an equally cosmopolitan staff.-Name:...

, in Brussels
Brussels , officially the Brussels Region or Brussels-Capital Region , is the capital of Belgium and the de facto capital of the European Union...

, Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...



The Solvay Brussels School of Economics and Management was founded in 2008 as a result of the merge of the Department of Economics (founded in 1899) and the Solvay Business School (founded by Ernest Solvay
Ernest Solvay
Ernest Gaston Joseph Solvay was a Belgian chemist, industrialist and philanthropist.Born at Rebecq, he was prevented by acute pleurisy from going to university...

 in 1903 under the name of Ecole de Commerce Solvay) of the Université libre de Bruxelles. More than 2,000 students attend some thirty programmes at the School today, including Bachelor 's Degrees in business engineering
Business engineering
Business Engineering is an interdisciplinary field of engineering that focuses on how complex businesses should be designed and managed.- Overview :...

 and economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 and Masters (MSc – Master of Science) in both disciplines, the MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...

 and more than thirty Executive Education programmes. Its current Dean is Bruno van Pottelsberghe.

The Solvay Brussels School of Economics and Management has developed a network of more than 70 partners in 32 countries, with whom some 160 student exchanges are organised each year. The School is the only in Belgium that requires students to undertake a six-month exchange programme in a university abroad. Such exchanges take place principally in Europe, within the framework of the SOCRATES
Socrates programme
The SOCRATES programme was an educational initiative of the European Commission; 31 countries took part. The initial Socrates programme ran from 1994 until 31 December 1999 when it was replaced by the Socrates II programme on 24 January 2000, which ran until 2006...

Erasmus programme
The Erasmus Programme , a.k.a. Erasmus Project is a European Union student exchange programme established in 1987...

 programmes, but also in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

, Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

, Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

, Peru
Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....

, Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

, Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...

, Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...

, South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...

, India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

 (IIM Ahmedabad), Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...

, Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

, Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

, China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

, Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...

 and Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...


The Solvay Alumni is an association that represents all those men and women who have graduated from the Solvay Brussels School of Economics and Management or one of its satellite institutions. Within the particular context of Belgium, a country marked in the past by religious and ideological rifts, alumni associations play an extremely important role, especially for the universities.


The Solvay Brussels School of Economics and Management is a research-based institution, in two respects. First, the duty of all core faculty members includes the production of scientific output (e.g. publications in peer-review international journals and scientific conferences) and the supervision of PhD candidates. Second, the SBS-EM provides an infrastructure for research, through its three main research centres, the CEB (Centre Emile Bernheim), DULBEA (Department in Applied Economics of ULB), and ECARES (European Centre for Advanced Research in Economics and Statistics), and their doctoral schools. Over the past 5 years, many publications have been produced, including 241 articles in international scientific journals and 41 books.

As one of the ULB and SBS-EM flagships, the scientific research in economics and management benefits from an important investment by the School and the university and enjoys a truly international reputation. The ULB places excellence at the heart of its ambitions and research is a key activity for the full-time teaching staff and their teams. Research also makes an ongoing contribution to improving the quality of teaching.

The CEB, ECARES and DULBEA are the main, 'broad-based', research centers affiliated to the SBS-EM. The two additional thematic research centers are CERMi (Centre Européen de Recherche en Microfinance / Center for European Research in Microfinance), and the Centre for Knowledge Economics (Centre de l'économie de la connaissance).

Affiliated to the SBS-EM, CEB is its research institute in management sciences. It aims to develop and promote advanced scientific research in management sciences. The centre hosts more than 75 (full-time and part-time) professors and researchers in key management disciplines. The CEB's teaching and research staff is currently active in the following management fields: accounting, marketing, business strategy, financial markets, corporate management, industrial economics, management of innovation and international trade.

DULBEA was founded by Etienne Sadi Kirschen in the 50s, based on the new developments taking place in economics and the theory of econometrics. The DULBEA also gives prominence to recommendations in the field of economic policy.

ECARES, founded in 1991, began as a joint political initiative of the ULB Institute of European Studies and the Centre for Economic Policy Research (CEPR), a network of some 500 researchers in Europe. Its mission is to develop high quality economic and statistics research and to provide a meeting place for researchers and professional economists. It has one of the best Doctoral Schools of Europe as witnessed by the placement of the job market candidates. The mission of the Doctoral School is to enable our graduates to do quantitative research of highest quality in economics and statistics.

CERMi (Centre Européen de Recherche en Microfinance / Center for European Research in Microfinance), draws together researchers, involved in microfinance activities in developing countries, from CEB and from the Research Centre Warocque (Université Mons-Hainaut). The CERMi also collabores with the European Microfinance Programme.

Last, the Centre for Knowledge EconomicsThis research centre allows the School to bring together all its researchers on a topic where it has a critical mass of excellence. Founded and chaired by Professor Francoise Thys-Clément and Professor of Public Economics.

Latest rankings

  • 2009: Ranked 14th by the Financial Times
    Financial Times
    The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....

     Business School Ranking and MBA ranking
  • 2010: Ranked 20th by the Financial Times
    Financial Times
    The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....

     Business School Ranking and MBA ranking


The School is accredited by the European Quality Improvement System
European Quality Improvement System
The European Quality Improvement System is a school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development...


The School's full-time and part-time MBA programs are also accredited by the London-based Association of MBAs
Association of MBAs
The Association of MBAs is a London-based international organization that accredits postgraduate business programs at business schools worldwide. The Association is one of the three main global accreditation bodies in business education and styles itself "the world's impartial authority on...


Student associative life

The Solvay Brussels School of Economics and Management has an active student society, Cercle Solvay, a student office, Bureau Etudiant Solvay, and the Solvay Business Game.

One of the youngest organisations is the Solvay Brussels School Student Finance Club, created in 2010. It is a student run organization that aims to offer its members a wide variety of finance related activities, whether it is Investment Banking, Investment Management, Venture Capital/Private Equity, or Corporate Finance. The founders’ idea is to create a club that prepares its members for careers in the financial field by fostering an environment that helps them to translate their theoretical knowledge into practice, and that stimulates continuous learning and awareness of recent trends and developments. The club offers those pursuing careers in finance a professional and social network. It constitutes an interface between the finance industry and its members.

Notable alumni

(of the former Solvay Business School and the Economics Department -prior to the merge-, and the Solvay Brussels School of Economics and Management)
  • Pierre Lagrange
    Pierre Lagrange
    Pierre Lagrange is a Belgian hedge fund manager and co-founder of GLG Partners.Lagrange was born Belgium and now resides with his family in London and Hampshire...

    , Partner and co-founder, GLG Partners
    GLG Partners
    GLG Partners, Inc. is an American global hedge fund sponsor that, as of 14th October 2010, is a wholly owned subsidiary of British alternative investment manager Man plc...

  • Hubert Ansiaux
    Hubert Ansiaux
    Hubert Ansiaux was a governor of the National Bank of Belgium from 1957 until 1971.After he graduated from the École de Commerce Solvay, he joined the National Bank of Belgium in 1935...

    , governor of the National Bank of Belgium
    National Bank of Belgium
    The National Bank of Belgium has been the central bank of Belgium since 1850...

     (NBB) from 1957 until 1971.
  • Didier Bellens
    Didier Bellens
    Didier Bellens is a Belgian businessman. He is the CEO of Belgacom, the leading telecommunications company of Belgium. He is married and has two children.-Education:...

    , CEO of Belgacom
    The Belgacom Group is the largest telecommunications company in Belgium, headquartered in Brussels. Belgacom Group is primarily state owned, with the Belgian state holding 53.3% + 1 share...

  • Rik Daems
    Rik Daems
    Hendrik Jules Joseph "Rik" Daems is a Flemish painter, wine trader and politician. He is a member of the Belgian Chamber of Representatives for the Flemish Liberals and Democrats and member of the city council of Leuven....

    , politician.
  • Jean Van Hamme
    Jean Van Hamme
    Jean Van Hamme is a Belgian novelist and comic book writer. He has written scripts for a number of Belgian/French comic series, including Histoire sans héros, Thorgal, XIII and Largo Winch.-Early years:...

    , writer.
  • Maurice Frère
    Maurice Frère
    Maurice Frère was a Belgian civil servant and governor of the National Bank of Belgium from 1944 until 1957. He lectured at the Free University of Brussels ....

    , governor of the National Bank of Belgium
    National Bank of Belgium
    The National Bank of Belgium has been the central bank of Belgium since 1850...

     (NBB) from 1944 until 1957.
  • Christian Jourquin
    Christian Jourquin
    Christian Jourquin is a Belgian businessman and since May 2006 Chief Executive Officer of Solvay a Belgian chemical and pharmaceutical company.-Education:...

    , CEO of Solvay
    Solvay (company)
    Solvay S.A. is a Belgian chemical company with its head office in Ixelles, Brussels, Belgium. It was founded in 1863 by Ernest Solvay to produce sodium carbonate by the solvay process. Since then the company has diversified to two major sectors of activity: chemicals and plastics...

  • François Narmon
    François Narmon
    François Narmon is a Belgian businessman and former president of Dexia and the Belgian Olympic Committee. From 2002 until 2004 he was a member of the International Olympic Committee....

    , former CEO of Dexia
    Dexia N.V./S.A., also referred to as the Dexia Group, is a Belgian-French financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance...

     and former president of the Belgian Olympic Committee
    Belgian Olympic Committee
    The Belgian Olympic and Interfederal Committee , abbreviated to COIB or BOIC, is the National Olympic Committee for Belgium. It was founded in 1906 and the administrative seat is located in Brussels.-List of presidents:...

  • :fr:Jacques Simonet, Belgian politician.
  • :fr:Jean-Paul Philippot, CEO of French-speaking public broadcast company RTBF
    Radio Télévision Belge Francophone is the public broadcasting organization of the French Community of Belgium, the southern, French-speaking part of Belgium...

  • :fr:Eugène de Barsy, former President of the Banking Commission.
  • Jacques Beruck, CEO of ITN
  • :de:Guillaume de Posch, former CEO of ProSiebenSat.1
  • Jean-Pierre Bizet, CEO of D'Ieteren
    D'Ieteren SA is a company, based in Belgium that is engaged in the automobile distribution, short-term car rental, and vehicle glass repair and replacement businesses.- Activities :...

  • :fr:Gilles Samyn, CEO of Compagnie Nationale à Portefeuille or CNP
  • Michel Allé, CFO of SNCB
  • :fr:Bruno Colmant, former CEO of NYSE Euronext and CEO of Ageas
    Ageas N.V./S.A. is a multinational insurance company headquartered in Brussels, Belgium and Utrecht, Netherlands. Ageas is Belgium's largest insurer and operates in 14 countries worldwide...

  • :fr:André Oleffe, former Belgian Minister of Economy
  • Amer Husni Lutfi
    Amer Husni Lutfi
    Dr. Amer Husni Lutfi is the current head of the State Planning Commission of Syria. He served as the minister of economy and trade between 2004 and 2010. Lutfi holds a Ph.D. degree in economic analysis from Université Libre de Bruxelles, Belgium.-References:...

    , former Syrian Minister of Economy
  • Alexandre Vandamme
    Alexandre Vandamme
    Alexandre Vandamme is a Belgian businessman. He is one of the Directors of the international brewery group InBev since 1992. At InBev, he held various operational positions, including Head of Corporate Planning and Strategy. He is also a Director of Patri SA...

    , Belgian businessman and board member of Inbev
    InBev is a subsidiary of Anheuser-Busch InBev. The company existed independently for several years - since the merger between Interbrew and AmBev and until the acquisition of Anheuser-Busch. InBev has operations in over 30 countries and sales in over 130 countries...

  • Richard Goblet d'Alviella
    Richard Goblet d'Alviella
    Count Richard Goblet d'Alviella is a Belgian businessman, who studied economics at the Université Libre de Bruxelles, , and obtained an MBA at the Harvard Business School. He is a son of Jean Goblet d'Alviella...

    , Belgian businessman and board member of Delhaize Group
    Delhaize Group
    Delhaize Group is a food retailer headquartered in Belgium which operates in eight countries and on three continents. The principal activity of Delhaize Group is the operation of food supermarkets.-History:Delhaize Group was founded in Belgium in 1867....

     and GDF SUEZ
    GDF Suez
    GDF Suez S.A. is a French multinational energy company which operates in the fields of electricity generation and distribution, natural gas and renewable energy. The world's largest utility after taking control of Britain's International Power, the company was initially formed by the merger of Gaz...

  • :fr:Serge Kubla, former Belgian Minister of Economy
  • :fr: Eliane Tillieux, Belgian Minister of Health
  • Camille Gutt
    Camille Gutt
    Camille Gutt , born Camille Guttenstein, was a Belgian economist, politician, and industrialist. He served as the first Managing Director of the International Monetary Fund from 6 May 1946 to 5 May 1951...

    , Head of the International Monetary Fund
    International Monetary Fund
    The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

  • Michel van den Abeele Baron, former General-Director of the European Commission
    European Commission
    The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....

  • Roberto Lavagna
    Roberto Lavagna
    Roberto Lavagna is an Argentine economist and politician, and was the former Minister of Economy and Production of Argentina from April 27, 2002, to November 28, 2005.-Career:...

    , former Minister of Economy and Production of Argentina
    Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

Notable professors

  • Mathias Dewatripont
    Mathias Dewatripont
    Mathias François Dewatripont is a Belgian economist and professor at the Université libre de Bruxelles and visiting professor at the Massachusetts Institute of Technology ....

    , economist and member of the Board of Directors of the National Bank of Belgium
    National Bank of Belgium
    The National Bank of Belgium has been the central bank of Belgium since 1850...

  • Peter Praet
    Peter Praet
    Peter Praet is a Belgian economist, a member of the Executive Board of the European Central Bank since June 2011....

    , member of the Board of the European Central Bank
    European Central Bank
    The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...

     and former Director of the National Bank of Belgium
    National Bank of Belgium
    The National Bank of Belgium has been the central bank of Belgium since 1850...

  • Bruno van Pottelsberghe, economist and former Chief Economist of the European Patent Office
    European Patent Office
    The European Patent Office is one of the two organs of the European Patent Organisation , the other being the Administrative Council. The EPO acts as executive body for the Organisation while the Administrative Council acts as its supervisory body as well as, to a limited extent, its legislative...

  • :de:André Sapir, economist and supervisor of the Sapir Report
    Sapir Report
    An Agenda for a Growing Europe, also called The Sapir Report, is a report on the economy of the European Union edited by a panel of experts under the direction of André Sapir and published in July 2003...

  • Gérard Roland
    Gerard Roland
    Gérard Roland is a Belgian economist, and a professor of economics and political science at the University of California, Berkeley. He graduated from the Free University of Brussels in 1988. His early work was on the political economy of communism. After 1990, he became one of the world's most...

    , former professor at the Free University of Brussels
    Free University of Brussels
    The Free University of Brussels was a university in Brussels, Belgium. In 1969, it split into the Université Libre de Bruxelles and the Dutch-speaking Vrije Universiteit Brussel....

     and now professor at University of California, Berkeley
    University of California, Berkeley
    The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...

  • :fr:Alain Eraly, economist and sociologist
  • Victor Ginsburgh
    Victor Ginsburgh
    Victor Alexandre Ginsburgh is a Belgian economist of Austrian origin.Ginsburgh studied at the Solvay Business School at the Free University of Brussels and mastered in econometrics. He holds a Ph.D. in economics, 1972. He is professor at Université Libre de Bruxelles since 1975...

    , economist
  • :fr:Ginette Kurgan, economic historian
  • :fr:Françoise Thys-Clement, economist and former rector of the ULB
  • :fr:Robert Tollet, economist
  • Paul Bairoch
    Paul Bairoch
    Born of Jewish parents who emigrated from Poland, Paul Bairoch was one of the great post-war economic historians who specialized in global economic history, urban history and historical demography...

    , economic historian


  • Carleton University
    Carleton University
    Carleton University is a comprehensive university located in the capital of Canada, Ottawa, Ontario. The enabling legislation is The Carleton University Act, 1952, S.O. 1952. Founded as a small college in 1942, Carleton now offers over 65 programs in a diverse range of disciplines. Carleton has...
  • HEC Montréal
    HEC Montréal
    HEC Montréal , is the independent affiliated business school of the Université de Montréal, and the oldest management School in Canada. It holds accreditations from AACSB, EQUIS and AMBA, one of three schools in North America to hold triple accreditation in management education...
  • McGill University
    McGill University
    Mohammed Fathy is a public research university located in Montreal, Quebec, Canada. The university bears the name of James McGill, a prominent Montreal merchant from Glasgow, Scotland, whose bequest formed the beginning of the university...
  • University of British Columbia
    University of British Columbia
    The University of British Columbia is a public research university. UBC’s two main campuses are situated in Vancouver and in Kelowna in the Okanagan Valley...

     - Sauder School of Business
    Sauder School of Business
    The Sauder School of Business is a business school at the University of British Columbia located in the University Endowment Lands, just west of the city limits of Vancouver, Canada...
  • University of Lethbridge
    University of Lethbridge
    The University of Lethbridge is a publicly-funded comprehensive academic and research university, founded in the liberal education tradition, located in Lethbridge, Alberta, Canada, with two other urban campuses in Calgary and Edmonton. The main building sits among the coulees on the west side of...

United States

  • Darden Graduate School of Business Administration
    Darden Graduate School of Business Administration
    The University of Virginia Darden School of Business is the graduate business school associated with the University of Virginia in Charlottesville, Virginia. The Darden School is one of the world's leading business schools, offering MBA, Ph.D. and Executive Education programs...

External links

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