387 Master’s degrees awarded On 5 October 2013, 387 graduates were awarded the degree of a Master of Arts (M.A. HSG). President Thomas Bieger spoke about how values can influence management decisions. 5 October 2013. A total of 387 graduates were presented with their Master’s degree certificates in the following programmes: 34 in International Affairs and Governance 27 in Law 25 in Law and Economics 82 in Banking and Finance 38 in Business Innovation 3 in Management, Organization Studies and Cultural Theory 54 in Marketing, Service and Communication Management 10 in Quantitative Economics and Finance 77 in Accounting and Finance 21 in Strategy and International Management 16 in Economics Public or Private Value In his speech, President Thomas Bieger reminded the graduates that they would soon be taking on executive or specialist functions. Such functions would quickly call for decisions, which must always also be based on overriding objectives and standards. "There are no decisions that have not been influenced by standards. There are only explicit or implicit value judgements when decisions are unconsciously made on the strength of your socialisation among family and friends," said Bieger, who perceives a field of tension between private value and public value. The significance of public value is on the increase "Previously, the private and public sectors were clearly detached from each other," said Bieger. Today, this borderline was becoming blurred. The importance of public value was increasing particularly in the case of enterprises which are subject to government regulations. In a time of compulsory transparency, enterprises must additionally pay more attention to the general public rather than to their stakeholders alone. Varied programme Dr. Urs Landolf, President of HSG Alumni, gave the welcoming address to graduates and guests. The musical background to the ceremony was provided by the Elias Bernet Trio. The guests were able to go on a guided tour of the HSG’s art works before or after the official ceremony or have their photographs taken – with or without gown – by photographer Hannes Thalmann.