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Next G. Hatzigiannis: In the new era with a leading degree in law CIM HOME • INSIDER • ECONOMY • G. Hatzigiannis: In the new era with a top law degree in CIM
Interview with & nbsp; Socrates & nbsp; Joachim/Photos: Dimitris & nbsp; Vattis & nbsp;
The Cyprus Institute of Marketing-The Cyprus Business School (CIM) is offering a law degree from next September, strengthening its cooperation with the University of West London. In an interview with Insider, the CEO of CIM, Giagos Hatzigiannis, analyzes the reason behind the decision to expand to this degree and reveals the cooperation with large law firms.
He also speaks for the prospects of higher education in Cyprus, as well as for its selection among the 20 Global Leaders by the Harvard Business School.
CIM enters the new era now offering collaboration with the University of West London and a law degree. Tell us the details of this new collaboration of yours?
Indeed, the offer of a law degree from our Foundation is the beginning of a new era since it is a new field with excellent prospects and substance. The “LLB (Hons) Law (3 Years)” program will be offered from September 2022 in Nicosia and Limassol with exclusive evening lessons, like all CIM programs. The courses will be delivered in small groups by distinguished academic and successful lawyers, thus combining as much theory as possible with practice and reflecting the real needs of the market.
There may be several options when it comes to studying law in Cyprus but we are sure that this degree will be one of the best, if not the best, that will be offered in Cyprus and the reasons are many:
The collaboration with the University of West London was established in 2011 and therefore is the longest and most successful between any Cypriot Academic Institution and a British University. The University of West London is the British University with the highest academic ranking in Cyprus The fact that graduates will receive a degree from a leading British University ensures better employment prospects The duration of the degree is 3 years in contrast to the Cypriot degrees which are 4. So in 4 years our student can complete the required law practice and now be a registered lawyer. The courses are exclusively evening and therefore the possibility of internship is given throughout the studies. The cost of tuition is only € 8000 per year so it is much lower than obtaining the same degree with studies in London after Brexit. For example, if you take into account the cost of acquiring the LLB (Hons) Law (3 Years) program in London, taking into account both the new tuition and the cost of accommodation and maintenance, it is over € 70,000. The same degree can be obtained through our cooperation, again with three years of study, with a total tuition of € 24,000. Teaching will be done in small groups so better guidance and support of students is provided. The language of instruction is English and so graduates can claim a job on a global basis and not be limited to the small Cypriot labor market
INVESTMENT DESTRUCTION
behind your decision to expand into this degree?
The decision to offer a law degree is a strategic decision and the result of a thorough study of the Cypriot market over the last five years. Firstly, it is fully in line with our mission to offer degrees with the highest possible return on investment, secondly, it is in line with our strategy to strengthen our position as the leading Cypriot Business School and thirdly, it strengthens our cooperation with the University of West London which is extremely important after Brexit. While other Academic Institutions are constantly developing new programs, we at CIM strongly believe in specialization and focus. For this very reason, “LLB (Hons) Law (3 Years)” is the first new program we will offer in the last 5 years. We also fully understand that every new curriculum needs multifaceted preparation before its start but also continuous monitoring in the first years to be able to be established. So we strategically decided to focus on just one new program for 5 years, ensuring its success and offering students the best possible quality of service.
Have you entered into any cooperation for this program with major law firms in Cyprus and how will you differentiate yourself from the competition compared to other law degrees offered in the country?
One of the most important reasons to choose CIM for your studies is the connection with the labor market and the huge prospect for professional development and advancement. We now have the largest network of Strategic Partners among the academic institutions of Cyprus, numbering 23 of the leading Cypriot companies and global giants. We are pleased to announce that two of Cyprus's leading law firms, Elias Neocleous & amp; Co LLC “and” Chrysostomides Advocates & amp; Legal Consultants “have entered into strategic partnerships with our Foundation to support the” LLB (Hons) Law (3 Years) “program and this support includes, inter alia: Lectures by lawyers, training programs for law firm staff, awards for senior CIM students, assistance to CIM students in preparing their Thesis, access to internships and workplaces and joint Corporate Social Responsibility programs.
GENERAL LAWYER TRAINING p>
Do you think the legal profession is not saturated?
The profession of lawyer will always be necessary. What has changed is that lawyers need to be specialized and continuously trained to stay up to date and relevant. For example, we have consulted with our partners and we have chosen to offer courses as part of the program that will be very innovative for the Cypriot data such as “Cyber Security Law”, “Sports and the Law” and others. So our effort is to train the new generation of lawyers who will be fully trained to deal with new technologies so that they are sought after by law firms both in Cyprus and abroad. Of course, it is worth emphasizing that studying law does not presuppose martial law.
A law degree is one of the best foundations for any further professional career and therefore gives unlimited options for a successful career in many sectors of the economy.
In addition to law, will you offer another new degree in the next academic year?
As I have already mentioned, our strategy is clear in terms of focusing on quality and not on quantity both in terms of the number of academic programs but also in terms of the number of students. We have received approval from the University of West London to offer in Cyprus the pioneering postgraduate program “MA Luxury Hospitality Management” which is the only one of its kind and we are planning its offer from January 2023.
ACQUISITION OF BRITISH DEGREES IN CYPRUS
In your opinion, has education in Cyprus benefited after Brexit? Is there an increasing trend in British degrees offered by the country's educational institutions?
Tuition costs and the termination of European student loans in Britain have made Britain prohibitive for the vast majority of Cypriots. Certainly other destinations such as the Netherlands have “opened” and destinations such as Italy, the Czech Republic, Germany, etc. have been strengthened, but in my opinion the Cypriot higher education institutions have benefited significantly. As I have already mentioned, the programs we offer with the University of West London give the best possible alternative to Cypriot students to obtain British degrees. In particular, as far as the law degree is concerned, no other country has such a similar legal system as the Cypriot one, so obtaining a British law degree in Cyprus is the most logical approach.
What do you think is CIM's recipe for success?
The Cyprus Institute of Marketing (CIM) was founded in 1978 and is thus the first Cypriot Business School. It started the operation with the main purpose to give another dimension to the academic events of Cyprus and to fill a gap that existed in the Higher Education of the place. In the last 44 years, more than 10,000 students from Cyprus and abroad have graduated and its greatest success lies in the huge success of its graduates who run the largest companies in Cyprus and abroad. The Cyprus Institute of Marketing is the foremost Cypriot Foundation in terms of executive training as it offers exclusively evening courses and its whole philosophy is based on the development of business executives.
So it is clear that the recipe for our success is based first on the pioneering and innovative approach such as the collaboration with the University of West London, second on the strategic decision to focus on quality and not on mass production, third on the consistency we have shown towards our mission and vision for the last 44 years and finally in the continuous upgrade of our services in order to maximize the return on investment for our graduates.
STRATEGIC COOPERATIONS
We have noticed that you place special emphasis on strategic partnerships. Do you feel justified in your choices so far and what else can we expect from you in the near future?
Strategic Partnerships have been an integral part of our DNA since day one. While other academic institutions have been trying in recent years to build bridges with the business world, we were born out of the business world and so our entire operation reflects the needs of the business in no time. We maintain close relations with hundreds of companies in Cyprus and abroad, but the 23 Strategic Partnerships we have concluded are the culmination of our establishment and reputation as the leading Cypriot Business School. The main objectives of the Strategic Partnerships are the exchange of know-how, access to the labor market and in general the strengthening of the relations between the academic and business world. Therefore, CIM is rightly considered as the highest academic institution with the best connection with the business world and a concrete example is the highest employment and development rates of its graduates.
How do you see the prospects of the senior education in Cyprus?
Higher education institutions are a cornerstone of economic growth. In addition to the fact that university education has grown significantly in the last 10 years in terms of contributing to GDP, higher education institutions produce knowledge and know-how that determines the future of a place since human resources are the largest asset in any business. Absolute coordination is needed between the Institutions, the state and the Business Institutions so that the graduates are exactly what the economy needs. Unfortunately in Cyprus, although we are proud of the very high rate of higher education graduates, both the quality and the training of these graduates are far from the desired level. In other words, we produce graduates in sectors that do not need the economy, while in other sectors such as the technical professions, there is a great shortage of human resources. At CIM, because we firmly believe in specialization, we only focus on working students with exclusive evening courses. In addition to the fact that the business world deals with us on a daily basis, we can adjust our programs to stay ahead of developments or as we say “Keeping Ahead of Change”. Especially in the field of technology, the pace of change in the environment is unrealistic so graduates should be as informed as possible about the latest developments. For this reason, companies must have a direct role in shaping academic programs but also there must be continuous interaction between Institutions and companies. I will give the example of the program we offer in collaboration with the University of West London “MSc Digital Marketing”, where global giants such as IBM are strategic partners from its first day of operation.
You were recently selected from the 20 Global Leaders by Harvard Business School. What does this distinction mean for you?
It's a huge honor for both me and our Foundation. Leading a Cypriot Business School and being selected among the 20 Global Leaders by the top Business School in the world is really special. It is with great anticipation that I look forward to participating in a 10-day Leadership Development Workshop with other global business leaders at the end of May and we will have the opportunity to be trained by the leading Leadership gurus.
It is extremely important for both development of my skills as a leader but also to be able to discover new techniques and share the experiences of such important entrepreneurs. My goal is to participate as actively as possible in the Workshop representing Cyprus and to be able to then transfer knowledge and know-how to the CIM team.
