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The Rise of the European B-School

Recently released there is a Special Report by Business Week called

"Special Report, Europe B-Schools 2008" that consists of quite a few interesting articals

http://www.businessweek.com/globalbiz/europe/special_reports/03/31/2008europeanb-s.htm

 

Here i copied the first one: The Rise of European Business Schools

Shorter, cheaper programs and demand for international experience are two reasons business schools across Europe are flourishing

European MBA programs may have traditionally lacked the brand recognition of their U.S. counterparts, but that's changing fast. The continent's increasingly dynamic business environment, improvements to curricula, and growing corporate demand for employees with international experience are attracting top-notch candidates from all over the world. In addition, most Europe management programs are cheaper, shorter, smaller, and more diverse than their U.S. rivals, which is drawing a growing number of American students to studies in the Old World.

Applications from the U.S. to INSEAD, an elite French business school with campuses in Fontainebleau and Singapore, grew 20% in the past year and the school's 2008 enrollment of Americans grew nearly 24% since 2007, to 73 students. Barcelona-based IESE Business School received 32% more applications from the U.S. this year than last, and expects to enroll 35 Americans in the next class—an increase of 60%. Another Barcelona-based institution, ESADE, has fielded so many inquiries from Americans about its full-time MBA programs that it has begun encouraging them to wait until next year to apply.

INSEAD's dean, Frank Brown, says ever more young people are recognizing the value of an MBA but don't want to spend two years earning one—the length of most U.S. programs. Others credit the U.S. recession.

"Probably, the economic fear is making people think that it's a good year for education," says Olaya Garcia, ESADE's director of full-time MBA programs.

Bargains Despite a Weak Dollar

Despite the euro's steep rise against the dollar, which raises the cost of European programs for U.S. students, prospective applicants are still heading across the Atlantic for a good deal. Nicole Baum, a 27-year-old Chicagoan studying at SDA Bocconi in Milan, one of Europe's top 10 business schools, said she turned down NYU's Stern School of Business in part because tuition cost 30% more there.

The average tuition at the top 10 European schools is less than $73,000, vs. $86,600 at Harvard Business School, and about $95,000 at Wharton. Only one elite European program costs more than the Wharton degree: IESE's 18-month full-time MBA—long, by European standards—at

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