Once again, the MBA ranking published by the Financial Times shows that Spanish business schools are among the world's most prestigious in 2014.
The results of the British newspaper's 2014 Global MBA Ranking show the USA's Harvard, Stanford, Wharton and Columbia business schools still at the top in terms of salaries and rankings, followed by the UK's London Business School and France's INSEAD. As with previous editions, the Financial Times ranking includes three Spanish business schools among the top 25: IESE Business School (placed 7th), IE Business School (13th) and ESADE (22nd).
Spanish business schools do not appear only in the full-time MBA ranking. Spain's IE Business School tops the ranking for online MBAs. And in the executive education ranking, Spain's three most prestigious business schools are there again.
ESADE's study entitled “MBA City Monitor” looks at how attractive countries and their major cities are to foreign students. According to this study, Spain is the country with the third most foreign students in the world, and the second in Europe. First place is held by the United States, logically enough, since it was here that this kind of programme originated, the first one being held at Harvard. In second place is the UK.
Students choose Spanish schools because of their positions on the international rankings, the affordable cost of the programmes and the climate. Every year Spain receives approximately 1,400 students from other countries to study MBA courses.
ESADE's study also points out that Barcelona is one of the cities with the largest number of international students enrolled in the best MBA programmes. In particular, Barcelona is number five in the world, and number two in Europe, in terms of the number of international students received. Madrid places fourth in Europe.
Spain is chosen, among other reasons, for its culture and language. Location is the third most important criterion when choosing an MBA programme, ahead of the school's rank or the tuition fees.
Lastly, the study shows that participants in the MBA programmes contribute some €100 million a year to the Spanish economy. On average, each student spends €77,021 a year in Spain.