EGADE Business School

The Escuela de Graduados en Administración y Dirección de Empresas — generally translated as Graduate School of Management and Business Administration,[8] but officially branded as EGADE Business School since 2010[9][10] — is the graduate business school of the Monterrey Institute of Technology (ITESM): one of Latin America’s largest private universities and one of the most prestigious business universities in America.

EGADE Business School
EGADE Business School
EGADE Business School in Monterrey.
TypePrivate business school affiliated to the Monterrey Institute of Technology (ITESM).
Established1995[1]
BudgetMex$203,655,472 (2012)[2]
RectorLourdes Dieck [3]
Academic staff
157 (2012)[2]
Postgraduates1,958 (2012)[2]
71 (2012)[2]
Location
San Pedro Garza García
,
Nuevo León
,
Mexico

25.643345°N 100.325679°W / 25.643345; -100.325679
Campus2 (Monterrey and Santa Fe)[4]
AffiliationsAACSB,[2] EQUIS,[5] AMBA,[6] SACS (through ITESM), CEMS,[7] BALAS.
Websitewww.egade.mx

Founded in 1995 as a group of business schools attached to some of the institute's campuses,[11] a national reorganization in 2010 merged most of them into a semi-autonomous, national graduate school divided in two sites: one serving the metropolitan area of Monterrey — where its rectorate is — and another serving the metropolitan area of Mexico City.[12]

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[13] and the first in Mexico[13] to achieve simultaneous accreditation by the United States' AACSB, the European Quality Improvement System (EQUIS) and the British AMBA.[14] At the time only 34 business schools in the world were holding this ranking.[15]

As of 2014 its academic programs include executive, full-time, part-time and in-company master's degrees in Business Administration and Finance; doctorate degrees; and more than a dozen double degrees with business schools from overseas[12] (see Joint programs and international partnerships below).

History
See also: History of the Monterrey Institute of Technology and Higher Education

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).[16] The project was funded partially through a US$410,000 grant from the Ford Foundation,[16] which was an active promoter of Alliance for Progress[17] — a United States program that attempted to counterbalance Communist influence in Latin America (particularly in the aftermath of the Cuban Revolution) by sponsoring economic and social development in the region.[18] Similar agreements, aiming to provide "advanced training for faculty members from business schools in emerging countries"[19] had funded the Getulio Vargas Foundation of Brazil (1954),[20] ESAN in Peru (1962),[19] and INCAE (originally in Nicaragua, 1964).[17][21]

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 students from the United States, three from the Netherlands and 41 non-Mexican Latin Americans.[16] The short-lived institution, however, was disbanded in the 1970s, when the institute restructured itself, centralized most of its academic departments around academic divisions, and transferred its graduate degrees to local campuses.[16]

The 'Tech' made no further attempt to create a graduate business school until 1995, when the Escuela de Graduados en Administración y Dirección de Empresas (Graduate School of Management and Business Administration) was created as an appendage of the Monterrey Campus. Commonly shortened as EGADE, it brought early successes. Barely 10 years after its foundation its MBA degree was ranked among the top ten in the world by the Wall Street Journal.[22]

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.[23] It prompted the gradual creation of homologous schools in six more campuses. They shared the same academic curricula but, as peripheral institutions bound to local campuses, found themselves replicating organization structures and forced to seek costly international accreditation 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 new name: EGADE Business School.[9]

Organization
See also: Monterrey Institute of Technology and Higher Education
Inside its Monterrey campus in San Pedro Garza García.

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 briefly became part of the Monterrey Institute of Technology System (Sistema Tecnológico de Monterrey), an umbrella organization of non-profit and research-oriented institutions ranging from education to health services restructured in 2013.

Inside the institute's organizational structure, the school is attached to a national rectorate for postgraduate schools chaired by María de Lourdes Dieck-Assad, a former ambassador of Mexico to the European Union. Its operations and long-term vision are overseen by a board of trustees, chaired by Carlos Salazar Lomelín, CEO of FEMSA: the largest public bottler of Coca-Cola products in the world in sales volume.[24] 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.[12]

Since 2014 the school is in two sites serving large metropolitan areas: one in Monterrey — where the flagship school and rectorate is in the suburb of San Pedro Garza García — and one in Mexico City, serving the Santa Fe business district.[4]

Academics
EGADE Business School in Santa Fe, Mexico City.

Admissions

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).[25]

The school is most selective in local and international student selection for the last few years. The selection process includes evaluating PAEP/GMAT{{clarify|What is GMAT?|date=September score, TOEFL or equivalent score, recommendation letter, minimum prior job experience, personal interview. The admission committee reviews applications on an individual basis, looking at both quantitative and qualitative aspects of an applicant's professional and academic background, and will assess potential for academic success and future professional growth.

Rankings

As of 2013 its OneMBA program, delivered in partnership with four 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.[26] The school is ranked first in Latin America in the Quacquarelli Symonds Global 200 Business Schools Report 2013-2014,[27] first in Latin America according to América Economía[28] and third in Mexico according to CNN/Expansión (2013).[29]

The school had been ranked seventh among the best business schools outside the United States according to the Wall Street Journal (2006),[22] fourth in the world in business ethics and social-responsibility programs according to BusinessWeek magazine (2005)[30] and 88th among the 100 best MBA programs in the world by The Economist (2010).[1]

Joint programs and international partnerships

See also

References
  1. "EGADE-Tecnológico de Monterrey". The Economist. 9 September 2010. Retrieved 3 April 2012.
  2. "Data Direct: EGADE Business School". Association to Advance Collegiate Schools of Business. 2012. Retrieved 10 August 2014.
  3. Arce, Daniela (23 May 2011). "Dieck: Los desafíos de la nueva EGADE Business School". América Economía (in Spanish). Chile. Retrieved 3 April 2012.
  4. "Fact sheet" (PDF). EGADE Business School. 2014. Retrieved 10 August 2014.
  5. "EQUIS Accredited Schools". European Quality Improvement System. Archived from the original on 23 February 2018. Retrieved 12 January 2013.
  6. "The Global Guide to Accredited MBAs". Association of MBAs. Archived from the original on 12 August 2014. Retrieved 12 January 2013.
  7. "The CEMS Community welcomes 5 new Associate Academic members". CEMS Global Alliance In Management Education. Retrieved 1 May 2012.
  8. "Tecnologico de Monterrey (ITESM) / Campus Monterrey". Bloomberg/BusinessWeek. 2005. Archived from the original on 18 April 2011. Retrieved 1 May 2012.
  9. América Economía (3 November 2010). "Tecnológico de Monterrey crea la EGADE Business School" (in Spanish). Chile: América Economía. Retrieved 3 April 2012.
  10. "Forty-Two Business Schools Maintain AACSB Accreditation in Business or Accounting". Association to Advance Collegiate Schools of Business. 21 December 2012. Archived from the original on 19 January 2013. Retrieved 12 January 2013.
  11. Tecnológico de Monterrey (July 2001). "Presidente de México atestigua inauguración de nuevas instalaciones de la EGADE". Transferencia (in Spanish). Retrieved 3 April 2012.
  12. EGADE Business School. "About us". Archived from the original on 27 March 2012. Retrieved 3 April 2012.
  13. Iraçabal, Henriette (10 December 2008). "EGADE, cuarta escuela latinoamericana en obtener la "triple corona"". Revista Educamericas (in Spanish). Business News Americas. Archived from the original on 27 July 2014. Retrieved 1 May 2012. EGADE, la más reciente incorporación a esta lista, es además la primera escuela de negocios que obtiene la "triple corona" en México y la cuarta en Latinoamérica. Las otras tres escuelas de negocios de la región incluidas en este selecto grupo son el IESA de Venezuela, la Fundación Getulio Vargas de Brasil y el Instituto de Altos Estudios Empresariales (IAE) de la Universidad Austral de Argentina
  14. "MBA: ¿Por qué ganan IPADE, ITAM y EGADE?". América Economía (in Spanish). Chile. 16 February 2010. Retrieved 3 April 2012.
  15. "Reconocen la calidad académica de la EGADE, obtiene la "Triple Corona"". Crónica Intercampus (in Spanish). 14 November 2008. Archived from the original on 14 February 2012. Retrieved 1 May 2012.
  16. Otálora Bay, Germán (January 1990). "Se cumplen 25 años del Programa de Graduados en Administración". Transferencia (in Spanish). pp. 9–10. Retrieved 16 April 2012.
  17. Harrington, James J. (31 July 2009). "Private Higher Education in a Cold War World". American Educational History Journal. IAP. 36 (1 & 2): 144. ISBN 9781607522263. Retrieved 16 April 2012.
  18. John F. Kennedy Presidential Library and Museum. "Alliance for Progress". John F. Kennedy Presidential Library and Museum. Retrieved 16 April 2012.
  19. "History of International and Internationally Focused Programs". Stanford Graduate School of Business. Retrieved 16 April 2012.
  20. AACSB International Globalization of Management Education Task Force (2011). Globalization of Management Education: Changing International Structures, Adaptive Strategies, and the Impact on Institutions. Emerald Group Publishing. pp. 35–36. ISBN 9780857249425. Retrieved 1 May 2012.
  21. Rennerd, Richard, ed. (1973). Universities in transition: The U.S. presence in Latin American higher education. Gainesville, FL, USA: University of Florida. p. 81.
  22. Wall Street Journal (2006). "CareerJournal:International Business Schools". Archived from the original on 10 January 2007. Retrieved 20 September 2006.
  23. Moffitt, Nancy (1 September 2005). "Spreading the Seeds of Knowledge". Wharton magazine. Philadelphia, USA. Retrieved 1 May 2012.
  24. Femsa. "About us". Archived from the original on 2 June 2012. Retrieved 31 May 2012.
  25. Hinojosa Kleen, Elsa María; de la Torre Sánchez, Roberto. "Información de Prueba de Admisión a Estudios de Posgrado" (in Spanish). Retrieved 17 April 2013.
  26. Financial Times (2012). "Executive MBA Rankings". Financial Times. Retrieved 3 April 2013.
  27. Quacquarelli Symonds (2014). "Global 200 Business Schools Report 2013-2014". Retrieved 2 August 2014.
  28. "Ránking MBA Latinoamericano 2014". América Economía (in Spanish). Chile. 2014. Retrieved 1 August 2014.
  29. "Ránking de los Mejores MBA Nacionales". CNN/Expansión (in Spanish). 2013. Archived from the original on 25 March 2013. Retrieved 17 April 2013.
  30. BusinessWeek (1 November 2005). "B-Schools Ranked on Social Studies". BusinessWeek. Archived from the original on 4 May 2008. Retrieved 4 July 2008.
  31. "Global MBA for Latin American Managers". Thunderbird School of Global Management. Retrieved 2008-07-07.
  32. Belk College of Business. "Dual MBA: Monterrey, Mexico". University of North Carolina at Charlotte. Retrieved 16 April 2012.
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