MIT Sloan Executive Education
Certificate Holder Profile
Raiffeisen Zentral Bank
After finishing technical college for electrotechnical engineering in 1985, Michael Kirchsteiger started his professional career with Siemens as a system programmer. From 1989 to 1998 he continued his career within the banking industry working for the large Austrian banking groups, Sparkassen and Raiffeisen.
In 1998 Michael joined the IT high-tech industry working for international IT companies Informix, IBM, and BEA Systems where he was the manager for professional services for Austria, Eastern Europe, and the Middle East. In parallel, he earned a master's degree in engineering management at the Vienna University of Technology and Oakland University in Michigan in 2001.
Michael started his own consultancy company, idsopen.com, in 2003. The company specialized in projects for IT in the banking industry, focusing on Basel-II implementation and business intelligence.
In 2006, he was hired back to work for Raiffeisen Zentral Bank as an IT-operations manager for investment banking and risk management systems. In this role, Michael heads a department of IT specialists running 24/7 mission critical information systems for the Raiffeisen Banking Group which operates and is rapidly expanding in the Central and Eastern Europe regions.
“What impressed and surprised me most about the MIT Sloan executive education programs I attended was that I could immediately apply the lessons learned as soon as I returned to work. After each program, I was able to solve long-standing issues at work by using and applying the knowledge I gained in the classes. It was the best learning experience so far in my life.”