European Business Schools See Application Volume Drop

Two-thirds of European business schools saw application volume drop last year after rising steadily for years, according to the Graduate Management Admissions Council (GMAC), which administers the GMAT entrance exam used by most schools.

An article yesterday in the Wall Street Journal highlighted GMAC application trend data, noting that some European schools saw the number of applicants fall by more than 10 percent even before the latest round of economic challenges hit the region. Even schools in more economically stable countries like Switzerland and the United Kingdom have been affected, in part because their tuitions have been rendered increasingly steep by falling currencies in neighboring countries.

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Stanford Graduate School of Business Tops Financial Times MBA Rankings for First Time

Stanford Graduate School of Business (GSB) this year tops the Financial Times global ranking of MBA programs, becoming only the fourth institution to do so. Stanford, which for the past 13 years has placed in the top 10, bested previous winners Harvard Business School (HBS), the Wharton School at the University of Pennsylvania and London Business School to take the top spot for the first time.

HBS came in at number two, followed by Wharton at number three. London Business School, meanwhile, fell from joint first to fourth, mirroring a general trend in which U.S. schools fared marginally better than their European counterparts. Falling salaries among alumni from European schools – an impact of the recent economic turmoil in Europe – account in part for this trend, the FT reports.

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Spain's IESE Business School Partners with CEIBS to Train More Business School Professors

Last month, Barcelona’s IESE Business School announced a partnership with the China Europe International Business School (CEIBS) that seeks to supply more business school professors for the fast-growing Asian MBA market, according to a report in the Wall Street Journal.

The new IESE-CEIBS doctoral program is set to launch in September and, the schools hope, will attract students from around the globe. The first two years of study will take place at IESE’s Barcelona campus as students work toward a Master of Research in Management. Students will spend the next three years at CEIBS in Shanghai working full-time on their theses. The program will be taught in English.

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HEC Paris Tops Financial Times’ 2011 European Business School Rankings

HEC Paris maintained its number one position in the Financial Times’ ranking of best European business schools this year, released this week. INSEAD bumped London Business School from number two to number three, and Spain’s IESE Business School and Switzerland’s IMD came in at fourth and fifth respectively. Overall, there were no dramatic changes in the line-up of top European schools save the rapid ascent of Italy’s SDA Bocconi School of Management, which tied for seventh this year as compared to its three-year rank of 16th.

In a special report accompanying the rankings, the FT’s Della Bradshaw pointed out that European schools, which until now attracted non-European applicants with their diverse student bodies and globally focused curriculums, face several new threats that could undermine these advantages. Chief among them are the continuing euro crisis and the reluctance of European governments to award post-degree work visas to non-Europeans as well as the rapid rise of Chinese and Indian business schools.

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Spain’s IESE Business School Doubles Madrid Campus

IESE this month announced plans to expand its Madrid facilities from 11,000 square meters to 22,000 square meters (roughly 5 acres) thanks to the acquisition of land adjacent to the Spanish business school’s existing site. The expanded campus will host executive education programs as well as new courses in public administration and healthcare, the school announced.

The expansion will take place in phases, and the school has launched an architectural competition to select a design. In addition to classrooms for executive education and courses in public administration and healthcare, the expanded campus will also be home to a new scientific and technological research laboratory.

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IESE Business School Hosts Annual MBA Career Forum

Amazon, Google and Siemens topped the list of companies participating in this year’s MBA Career Forum at Spain’s IESE Business School, which culminated Wednesday. The three-day event plays a critical role in IESE’s strong placement success – 97 percent of the most recent graduating class secured employment within three months of graduation, the school reports.

Throughout the annual event, leading global companies in a range of industries conduct approximately 1,200 interviews and presentations with IESE students. According to the school’s figures, the forum helps about 70 percent of students secure full-time post-graduation jobs. First-year students in the 19-month program also use the forum as a means to find summer internship opportunities.

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Clear Admit Adds Cambridge / Judge, Oxford / Saïd and IESE to Growing List of International Titles in School Guide Series

After requests from prospective applicants to expand our resource offerings to top international MBA programs, Clear Admit has added Judge Business School, Saïd Business School and IESE alongside titles to other leading international programs, including INSEAD, LBS and ISB in its applauded and widely-read line of School Guides!

Like the other 24 titles in the School Guide series, these new publications feature objective information that goes well beyond published rankings and will help you understand how these programs compare to peer schools.  By reading the Clear Admit School Guides, you can gather the details you need to shine in the admissions process.

These three brand new guides include all of the hallmarks of the Clear Admit School Guide series, including our peer-to-peer comparisons, making them a valuable resource that can be used at each stage of the admissions process.

Whether you have just begun to think about business school or are putting the finishing touches on your essays, the Clear Admit School Guides will help you to:

Become an expert on your target schools overnight Use your newfound expertise to craft essays that stand out Compare schools head-to-head using objective data that goes beyond published rankings and school-published marketing materials Prepare for your admissions interviews by knowing your target schools inside and out Make an informed decision about where to enroll

The Judge, SBS and IESE School Guides are available for immediate download in the Clear Admit Shop.

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MBA Students from Spain’s IESE Study in New York

Despite weather delays associated with Hurricane Irene, students from the full-time MBA program at Spain’s IESE are currently completing a week-long module in New York City.

The U.S. module is one of several unique features of IESE’s two-year, bilingual MBA program. Students take classes in both Spanish and English, and the curriculum has a highly global focus. The class is also overwhelmingly international, with 80 percent of students coming from abroad.

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Admissions Tip: Off-Campus Information Sessions

For all those applicants who have recently opened a calendar to plot out the next few months only to realize they can’t possibly fit in campus visits on top of full time jobs and essay writing, never fear!  It’s true that traveling to a school’s campus is the ideal way to learn about their MBA program, but visiting is often not a viable option for applicants who are located remotely or unsure of their level of interest in a given school.  The good news is that business schools might very well come to them.  Many b-schools are getting ready to hit the road and embark on worldwide tours to dispense information and recruit qualified applicants.  Such events offer a great opportunity for interested students to meet with admissions staff (and sometimes with current students and/or alumni), learn about the program and ask specific questions.

Some of the top schools are already on the road, so we recommend looking into the travel schedules for programs of interest and planning accordingly. Keeping in mind that these schedules are updated and amended throughout the fall, here are some of the top programs’ itineraries for the months ahead:

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IESE Deadlines and Essay Topics

IESE Business School has posted its 2011-2012 deadlines and essay topics.  The application deadlines and essay prompts are as follows:

Deadlines Round 1: September 19, 2011 Round 2: October 10, 2011 Round 3: November 7, 2011 Round 4: December 5, 2011 Round 5: January 16, 2012 Round 6: February 13, 2012 Round 7: March 12, 2012 Round 8: April 9, 2012 Round 9: May 7, 2012 Round 10: June 4, 2012

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IESE Launches New EMBA Program in Brazil

Spain’s IESE business school will launch a new Executive MBA (EMBA) program in Sao Paulo, Brazil, beginning in August 2012, the Financial Times reports

The new program, which will be run with local Brazilian associate institution ISE, is the first EMBA program IESE has run outside of Spain and is part of an effort to create a presence in one of the world’s fastest growing economies, according to the FT.

“Launching our flagship Executive MBA in Brazil will fulfill IESE’s mission: that is, to help executives of one of the most important emerging economies become more successful professionals, with more opportunities and undergoing the school’s transformational experience, leaving the programme as leaders who the business world and society can trust,” Jordi Canals, IESE dean, said in a statement. 

The new EMBA program will run for 19 months, with classes held every two weeks. Classes, which will be taught in English, Portuguese and Spanish, are designed working executives with at least five years of experience.

For more information on the new IESE EMBA program in Brazil, click here.

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Harvard Business School, IESE, CEIBS Partner for Global CEO Program

Chinese CEOs gathered on the campus of CEIBS in Shanghai this week as part of a Global CEO Program designed to help senior level-Chinese executives help their businesses prosper on an international scale amid countrywide economic growth and globalization of the world economy. The program is a partnership between Chine Europe International Business School (CEIBS), Harvard Business School (HBS) and Spain’s IESE Business School.

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Economist to Host Exclusive Online MBA Admissions Fair

The Economist this week will host an exclusive online MBA event connecting selected MBA candidates with admissions officers, current students and professors from some of the world’s top MBA programs.

The Economist MBA Circle will take place on March 29th and 30th, featuring webinars and videos about the MBA admissions process, chat sessions on student life and special programs and the opportunity for participants to meet online with admissions officers, current students and alumni.

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London Business School, Wharton School Top Financial Times 2011 Global MBA Rankings

The Financial Times this week released its 13th annual MBA rankings, and the Wharton School at the University of Pennsylvania returned to the top spot, sharing it this year with London Business School (LBS). Harvard Business School (HBS) completed the top three.

Last year, LBS beat out Wharton to hold the number one spot by itself, breaking the Philadelphia school’s nine-year reign as number one, either jointly or on its own. According to the FT report, Wharton’s return to number one this year was aided by the fact that alumni earnings data showed a strong rebound from the year before, when salaries dropped following the economic downturn. Last year’s graduates also had an easier time finding jobs than graduates from the year before.

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