Universities play a key role within society due to their ability to train future professionals, who will be in charge of developing the economy. Due to its importance within training, year after year, the British newspaper Financial Times publishes its global ranking on training for managers, showing the best academic programs worldwide and where to take them. To develop the ranking, the Financial Times analyzes more than 100 business schools around the world and is based on surveys of schools and their graduates in the last three years. To assess its programs, especially MBAs, indicators such as career progress, student salaries, the diversity of students and faculty, or research published in prestigious journals are used.
This year Spain has excelled in the Executive Education Open category with IESE Business School in third place. Its executive training programs have been ranked since 2015 for their ability to empower leaders to achieve an immediate and lasting positive impact, according to the Financial Times. Among his most outstanding trainings are: Program for Management Development (PMD), Business Acceleration Program (BAP), or Global CEO Program, among others. Philip Moscoso, Director of Executive Education at IESE, states that “this result shows our ability to provide an exceptional experience to managers, entrepreneurs, and corporate clients who trust us while the world is constantly changing.”
In the number four position of the global ranking, in executive training, is Esade Busines School. One of the most important aspects of this institution is its triple accreditation AACSB, EQUIS and AMBA. These credentials corroborate the quality of business schools in the world and certify that they meet the highest quality standards in the structure of their programs. This requirement is so demanding that only 1% of the schools in the world have it. This is how Marc Correa, director of Esade Executive Education, points out: “In recent years we have made a significant investment to offer hyper-personalised, flexible and specialized training with the latest immersive technologies, capable of adapting to current needs”. Obtaining these certifications makes business schools meet different criteria and factors: the level of their teaching staff, the academic program, the recognition of their diplomas, the diversity of the student body or the location of their campuses. Along these lines, Marc points out that “the need to update, acquire, and develop new key skills for the future of professionals is increasingly pressing and companies face the challenge of needing increasingly specialized profiles.”
Another Spanish school that is on the list at number 19 is ESCP Business School, which has been recognized for its six campuses in Spain, France, the United Kingdom, Germany, Italy and Poland. Its most recognized programs are the Executive MBA and the General Management program. One of the requirements is to have a minimum of 5 years of management experience and a total average of 13 years.
EADA Business School Barcelona is also in the ranking in position 25, having been recognized for its programs with a special focus on social responsibility and sustainability. Its most outstanding programs are: Global BBA MBA, Global Executive MBA, International MBA, Executive MBA. The tuition for their training ranges between 39,000 euros and one of the essential requirements to train with them is to have demonstrable experience between 3 and 5 years. Most of their classes are taught in English for their international modules.
The best Spanish business schools to study an MBA according to the Financial Times are:
IESE Business School. This institution is ranked number 10 on the list, professionals graduated from this school manage to obtain an average salary of $163,780.
Esade Business School. It is located at number 34, students graduated from this Spanish school manage to obtain a salary of 136,175 dollars.
IEBusiness School. It is ranked 40th in the ranking with, the average salary for graduates in this center is $142,118 with a salary increase of 84%.
The main factor that the Financial Times takes into account for the positions in the ranking is the high salaries that graduate professionals with an MBA from these schools can obtain. In fact, according to the data compiled by the ranking, the graduates of the University of Pennsylvania Wharton, the first in the ranking this year is currently 237,530 dollars and their salary can increase 36% more in the following years.
As for online training, the Financial Times has chosen the best in this area. The list is headed by Warwick Business School, where taking one of its star programs, the Warwick MBA by Distance Learning, costs an average of £35,000. Professional graduates from Warwick will be able to have an average salary of $194,864 with a salary increase of 36%. Within the online ranking MBA 2022, the Spanish business school IE Business School managed to place itself with its Online MBA program, its tuition costs an average of 50,000 euros and the graduate students of this center manage to obtain an average salary of 175,078 dollars with an increase salary of 28%. They have been recognized within the ranking for their innovative methodology focused mainly on entrepreneurs.
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