Careem and INSEAD sign MOU for academic research

•   INSEAD students to earn course credit for studies based on Careem’s ride hailing expertise
•   Careem aims to attract exceptional talent from INSEAD into full-time Careem positions 

Abu Dhabi, UAE: Careem and INSEAD, the business school for the world, have signed a memorandum of understanding that will see INSEAD students earning course credit for action learning projects with Careem. The company will propose problem-solving exercises to INSEAD students based on real-world issues that the tech company is currently addressing.

Faculty and PhD students at INSEAD will work on research to develop new insights into specific regional problems leveraging INSEAD academic expertise and scientific experience, and will present their findings via academic research publications.

Careem’s Chief Experience Officer and co-founder Magnus Olsson said, “This partnership will not only give INSEAD faculty some rich, real-word data, with which to enhance their academic research, it will also help Careem improve the ways in which we operate.”

Additionally, INSEAD professors will develop and teach case studies to students on how Careem operates. The business school has around 1000 MBA students per year and Careem aims to attract exceptional talent with jobs being posted on the school’s MBA portal. Careem will also have a presence at career fairs organised by the business school.

Olsson added, “As a company that was founded in the region, we are always looking to encourage and attract international talent and hopefully this will lead to more of our brightest minds staying in the region to fulfil their career ambitions.”

Peter Zemsky, Deputy Dean and Dean of Innovation at INSEAD, said that, “innovation and entrepreneurship is part of INSEAD’s DNA and digitalisation is a key learning focus across all of the school’s programmes. By collaborating with business and strategic partners in these areas, and now with Careem, we believe that it will advance the school’s academic research and best practice, and this will help boost the region’s thriving start-up ecosystem.”

Careem’s Product Director Selim Turki added, “We see this as a big opportunity to have academic expertise to help us solve big regional problems, and to help Careem further improve the lives of people in the region.”

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About Careem

​Careem is the leading internet platform in the greater Middle East. A pioneer of the region’s ride-hailing economy, Careem is expanding services across its platform to include mass transportation, delivery and payments. Careem’s mission is to simplify and improve the lives of people and build a lasting institution that inspires. Established in July 2012, Careem operates in 120 cities across 15 countries and has created more than one million job opportunities in the region. www.careem.com 

About INSEAD, The Business School for the World

As one of the world's leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to develop responsible leaders who transform business and society. A global perspective and cultural diversity are reflected in all aspects of its research and teaching.

With campuses in Europe (France), Asia (Singapore) and the Middle East (Abu Dhabi), INSEAD's business education and research spans three continents. The school’s 154 renowned Faculty members from 40 countries inspire more than 1,400 degree participants annually in its MBA, Executive MBA, Executive Master in Finance, Executive Master in Change and PhD programmes. In addition, more than 11,000 executives participate in INSEAD's executive education programmes each year.

In addition to INSEAD's programmes on its three campuses, INSEAD participates in academic partnerships with the Wharton School of the University of Pennsylvania (Philadelphia & San Francisco); the Kellogg School of Management at Northwestern University near Chicago; the Johns Hopkins University/SAIS in Washington DC and the Teachers College at Columbia University in New York; and MIT Sloan School of Management in Cambridge, Massachusetts. In Asia, INSEAD partners with School of Economics and Management at Tsinghua University in Beijing, and China Europe International Business School (CEIBS) in Shanghai. INSEAD is a founding member in the multidisciplinary Sorbonne University created in 2012, and also partners with Fundação Dom Cabral in Brazil.

INSEAD became a pioneer of international business education with the graduation of the first MBA class on the Fontainebleau campus in Europe in 1960. In 2000, INSEAD opened its Asia campus in Singapore. In 2007, the school inaugurated a Centre for Research and Executive Education in the United Arab Emirates and officially opened the Middle East Campus in Abu Dhabi in 2010.

Around the world and over the decades, INSEAD continues to conduct cutting edge research and to innovate across all its programmes to provide business leaders with the knowledge and sensitivity to operate anywhere. These core values have enabled INSEAD to become truly "The Business School for the World”.

© Press Release 2019