regional update europe what s new with graduate business education marielle heijltjes universiteit maastricht rebecca loades gmac bologna project jeanette purcell association of mbas agenda on the accord european mba market an accreditor perspective developing msc a school consultant and latest supply changing landscape management demand student pipeline flows brief summary voluntary agreement signed by 40 countries to date harmonise higher around common model 3 cycles 2 formats implementation be complete 2010 presents significant challenges infrastructural administrative financial progress only bosnia herzegovina greece poland portugal have yet legislate for degree types 1 format 26 4 12 other 16 ects 14 fully implemented planned 2005 06 11 not diploma supplement 13 20 6 subsidy levels will drop rapidly pre 51m 15 19 year olds 2m enter tertiary 1m finally