A. What do you consider the most significant developments in MBA/management education and the international business school market as a whole this year?
1 - European schools are proving their match vs US schools
European business schools are increasingly demonstrating to the world that they have advantages to offer that the US powerhouses don't . These core advantages include international exposure, globalization and cross-cultural understanding. That's why U .S. schools are coming to Europe to try to copy the European approach.
This year, IESE was ranked number one in the Economist Intelligent Unit's annual survey of business schools. It is the first time that a European school has received the top ranking.
2 - The development of different formats of the same program as an answer to demands of the marketplace.
The development of new formats for MBA programs, as well as executive education offerings has represented an important shift in the market. Nevertheless, it is remarkable that the traditionsl full-time MBA program has made a comeback because offers advantages in terms of career transformation and the acquisition of key management skills. The full-time MBA is seen as a life-changing experience.
Executive MBA programs, meanwhile, meet the needs of more experienced executives who are seeking to take a major step forward in their career paths, by expanding their skill sets or honing their leadership capabilities.
At IESE , we offer a range of programs to meet the requirements of executives at every stage of their careers. They include full - time MBA, the Executive MBA and the Global Executive MBA. Each program is designed to fit the needs of a distinct candidate profile.
3 - Recovery of the job market: rise in hiring of MBAs
The job market for hiring MBAs is once again at the level of the best years, after some slack years since the bubble of 2001. Companies are back and willing to pay for good talent.
IESE's experience - Class of 2005, 87% hired a month and half after graduation; 95% three months after graduation, 60% in sectors which pay as much as 112,000 euros.
4 - Applications fell in the U. S. market but remained steady in Europe
U.S. business schools have seen a decline in applications while the European market as a whole has maintained its figures. The U.S. is a mature market, but clearly , global competition in the marketplace has prompted U.S . schools to seek students outside of their own country. In Europe, some American schools have even launched new programs. In this context, U.S. schools are coming to Europe and aggressively seeking European participants.
5 - Program content: greater demand for teaching of complex skills
It's a trend that can be observed for the last years. The development of complex skills in areas such as coaching and leadership has become increasingly important to company managers. Moreover, the means of delivering program content and teaching participants has also become become sophisticated. Business schools have to excel in these two areas if they are to attract new students.