EGADE Business School
|EGADE Business School|
|Escuela de Graduados en Administración y Dirección de Empresas|
EGADE Business School in Monterrey.
|Type||Private business school affiliated to the Monterrey Institute of Technology (ITESM).|
|Rector||María de Lourdes Dieck-Assad |
|Academic staff||300 (2010)|
|Doctoral students||40 (2010)|
|Location||San Pedro Garza García, Nuevo León, Mexico
|Campus||Four across Mexico.|
|Affiliations||AACSB, EQUIS, AMBA, SACS (through ITESM), CEMS, BALAS.|
The Escuela de Graduados en Administración y Dirección de Empresas — generally translated as Graduate School of Business Administration and Leadership but officially branded since 2010 as EGADE Business School — is the graduate business school of the Monterrey Institute of Technology (ITESM); one of Latin America’s largest private universities.
Founded in 1995 as a group of business schools attached to some of the Institute’s campuses, a national reorganization in 2010 merged most of them into a semi-autonomous, national graduate school divided in four sites: one serving the metropolitan area of Monterrey – where its rectorate is located – and three serving the metropolitan area of Mexico City.
The school is generally ranked among the best in Latin America by most international financial publications (see Rankings) and in 2008 its Monterrey campus became the fourth in the region – and the first in Mexico – to achieve simultaneous accreditation by the United States' AACSB, the European Quality Improvement System (EQUIS) and the British AMBA; which at the time only 34 business schools in the world were holding.
As of 2013[update] its academic programs include executive, full-time, part-time and in-company master’s degrees in Business Administration, Finance, Manufacturing and Marketing; doctorate degrees; postgraduate diplomas, and more than a dozen double degrees with business schools from overseas (see Joint programs and international partnerships below).
The earliest forerunner of the school was founded on 1 September 1964 as Escuela de Graduados en Administración (Graduate School of Management), a small department attached to the Monterrey Campus of the Monterrey Institute of Technology (ITESM). The project was funded partially through a US$ 410,000 grant from the Ford Foundation, which at the time was an active promoter of Alliance for Progress, John F. Kennedy’s initiative to sponsor economic and social development in Latin America and counterbalance Communist influence in the region, particularly in the aftermath of the Cuban Revolution. Similar agreements — aiming to provide "advanced training for faculty members from business schools in emerging countries"— had previously helped the creation of the Getulio Vargas Foundation of Brazil (1954), ESAN in Peru (1962), and INCAE (originally in Nicaragua, 1964).
In its first year the school was offering a single master’s degree in Management (Maestría en Administración) to 17 full-time and 37 part-time students. By 1968 it had 395, including several students from the United States, three from the Netherlands and 41 non-Mexican Latin Americans. The short-lived institution, however, would be disbanded in 1970s, when ITESM restructured itself and centralized most of its academic departments around academic divisions. Within such arrangements, its master’s degree was transferred to a centrally managed Program for Graduates in Management (Programa de Graduados en Administración, PGA), awarded directly by the Institute.
The program managed to survive the mid-1980s, when it was forced to slash its matriculation in half as many Latin American economies plunged into high inflation and unemployment and regional companies struggled to support its personnel through postgraduate education. Nevertheless, in the next decade most of the region recovered, the Institute readopted its original organizational model, and in 1995 the first Graduate School of Business Administration and Leadership (Escuela de Graduados en Administración y Dirección de Empresas, EGADE) was founded as an appendage institution of the Monterrey Campus.
The model followed by what was then known as EGADE Monterrey brought early successes, as the institute invested significant resources and barely ten years after its foundation its MBA degree was ranked in the top ten in the world by the Wall Street Journal.
Such encouraging results allowed its first director, Wharton alumnus Jaime Alonso Gómez, to become the first Latin American scholar in history to be named Dean of the Year by the Academy of International Business. It also prompted the gradual creation of homologous schools in six more campuses of the Institute; which shared the same academic curricula but, as peripheral institutions bound to local campuses, found themselves replicating organizational structures and forced to seek costly international accreditations individually. A major reorganization of postgraduate studies at ITESM in 2010 merged three out of seven into a semi-autonomous, national graduate school under a brand new name: EGADE Business School.
The EGADE Business School is affiliated to the Monterrey Institute of Technology and Higher Education (ITESM), one of the largest private, coeducational and secular universities in Latin America. The Institute itself is part of the Monterrey Institute of Technology System, an umbrella organization of non-profit and research-oriented institutions ranging from education to health services.
Inside the Institute’s organizational structure, the school is attached to a national rectorate for postgraduate schools currently chaired by Lourdes Dieck, a former ambassador of Mexico to the European Union. Its operations and long-term vision are overseen by a board of trustees, currently chaired by Carlos Salazar Lomelín, CEO of FEMSA; the largest public bottler of Coca-Cola products in the world in terms of sales volume. The board is staffed by Latin American businesspeople and politicians, such as Pedro Pablo Kuczynski, former prime minister of Peru, and the late Paulo Renato Souza, former minister of Education of Brazil.
Since 2011 the school is divided in four sites serving two large metropolitan areas: one in Monterrey —where the flagship school and rectorate is located, in the suburb of San Pedro Garza García— and three in Mexico City, serving its financial district (Santa Fe), the southern borough of Tlalpan and an industrial hub formed by Naucalpan, Tlanepantla and Vallejo (State of Mexico).
Since its creation, the school requires every applicant to achieve a minimum pass mark at its own academic aptitude test for postgraduate studies (Prueba de Admisión a Estudios de Posgrado, PAEP); an instrument designed and maintained by academics of the Institute (with some guidance provided by the technical director of The College Board office in Puerto Rico).
As of 2013[update] its OneMBA program, delivered in partnership with four different institutions (see Joint programs and international partnerships below) was ranked 24th worldwide by the Financial Times in its 2012 Executive Master in Business Administration rankings. The school is also ranked 5th in Latin America in the Quacquarelli Symonds (QS) Global 200 Business Schools Report 2012, 4th in Latin America according to América Economía and 3rd in Mexico according to CNN/Expansión (2013).
In the past, the school has been ranked 7th among the best business schools outside the United States according to the Wall Street Journal (2006), 4th in the world in business ethics and social-responsibility programs according to BusinessWeek magazine (2005) and 88th among the 100 best MBA programs in the world by The Economist (2010).
Joint programs and international partnerships
- The OneMBA degree is offered through a partnership with the University of North Carolina at Chapel Hill, the Rotterdam School of Management of the Netherlands, the Chinese University of Hong Kong and the Getulio Vargas Foundation of Brazil and is ranked 24th worldwide among executive MBAs by the Financial Times.
- The Global MBA for Latin American Managers is offered in partnership with the Thunderbird School of Global Management, which has been ranked consistently by US News & World Report as the #1 school in International Management since 1995.
- The Master of Business Administration with a concentration in Global Business and Strategy (MBA-GBS) is a double degree MBA program offered jointly with the Belk College of Business at the University of North Carolina at Charlotte.
|Wikimedia Commons has media related to EGADE Business School.|
- Monterrey Institute of Technology and Higher Education
- Monterrey Institute of Technology System
- Business School
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