1. ………………………………………………………………………………………………
725 Fifth Ave., 19th
Floor New York, NY – 10022 Phone: +1 212 759 1000 Fax: +1 212 759 1188
www.ese.edu info@ese.edu
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Academic Department
Visibilia ex Invisibilibus
To whom it may concern
Name: LOURDES DEL CARMEN ARIAS
Date of Birth: 11/06/1988
Degree: Certificate in Management
This is to confirm that the above named student has completed the following exams:
FALL 2014 UK Grade
• E-Business and E-Commerce 71/100
• Introduction to Management 67/100
• Managing People 65/100
• Marketing Management 74/100
• Business Communication Pass
February 12, 2015
Academic Department
European School of Economics

2. ………………………………………………………………………………………………
725 Fifth Ave., 19th
Floor New York, NY – 10022 Phone: +1 212 759 1000 Fax: +1 212 759 1188
www.ese.edu info@ese.edu
……..…………………………….
Academic Department
Visibilia ex Invisibilibus
COMPARISON of ECTS, Italian and US Grades: Graduate Scale
UK Grades ECTS Grades Italian Grades US Grades
70% and over Distinction A EXCELLENT 28 and over A+ - A-
60-69 Merit B VERY GOOD 25 - 27 B+ - B-
50-59 Pass C GOOD 22 - 24 C+ - C-
49 and Under Fail FAIL FAIL FAIL