business schools

The Barcelona-based business schools IESE and ESADE have been ranked among the 10 best business schools in the world according to the Executive Education Ranking 2015 by the ‘Financial Times’. For the 17^th year, the British newspaper rated the best 85 customised programmes (tailor-made for corporate customers) and the top 75 open programmes (available to all working managers) in the world. With regard to the customised programme ranking, IESE came top worldwide while ESADE (part of the Ramon Llull University) is ranked 12^th. As for the classification of the open programmes for executives, IESE ranked 3^rd globally while ESADE was 7^th. Among the top 100 educational institutions in the ranking, one can find another Catalan business school as well: Barcelona’s EADA is in 61^st position for its customised programmes, and in 56^th for the open ones.

The Financial Times recently ranked the top twenty business schools for undertaking an MBA (Master of Business Administration) programme. Two of these schools are in Barcelona: IESE and ESADE, 7^th and 19^th in the world ranking respectively. Both have around a 90% international student intake for these courses. In recent years, Barcelona has become a global educational destination for MBA students that come to the city attracted by the quality of the schools but also by the city brand and the lifestyle. However, Barcelona is not only a player in business but also in the field of economic research and investigation. 

Barcelona ranks 9^th in the list of the cities with the best reputation in the world, according to a study presented by the prestigious ESADE Business School. The Catalan capital stands out especially in areas of tourism, sport and culture. The City RepTrak 2014 study was presented on Tuesday at ESADE, which has its headquarters at the Catalan capital. The report measures the reputation of 100 cities around the world, and the 5 cities at the top of the list are Vienna, Munich, Sydney, Florence and Oslo. European cities were the highest ranking, followed by those in the United States, and well ahead of those in Asia-Pacific, Latin America and Africa. While Barcelona has risen from being 23^rd to the top ten, Madrid has dropped from 27^th to 32^nd place.

Barcelona has gone from 22^nd to 7^th place in the list of 468 European cities with the best economic prospects; it is ranked the 19^th most competitive city in the world and the 10^th in Europe; it stands at 10^th in the world in terms of receiving new business investments; and it became the 4^th city hosting the largest amount of congresses at world level. The report was produced by the Chamber of Commerce of Barcelona in collaboration with the City Council. Furthermore, another study compiled by ESADE business school stressed that Barcelona is the 1^st European city in money spent per tourist in shopping, ahead of London and Paris. The Mayor of Barcelona, ??Xavier Trias, welcomed the news but also emphasised the ''shadow'' of having more than 100,000 unemployed in Barcelona, a number he finds “unbearable.”

The “very moderate” growth expectations for 2014, between 0.5% and 1%, will make it “difficult” for the unemployment rates to fall below the current 27%. This was the conclusion of the 2014 Economic Report of Barcelona-based ESADE, one of the top business schools in the world. The main author of the report stressed that this “slow and costly” growth should contribute only in a “very reduced” way to creating new jobs in 2014. However, he also explained that the Labour Market Reform would have positive effects on employment levels in the medium and long term. The study indicates that consumption in 2014 will “remain restricted” due to the high unemployment rates and reduced wages.

Many international and national companies have set up their headquarters in the 22@ area during the last decade, located in Poblenou, an old industrial district known as the “Catalan Manchester”. The borough continues to change and grow in many ways. Improved traffic distribution for the Plaça de les Glòries or the Design HUB are just some of the new proposals. At the moment, Poblenou is a landscape of contrasts: from hi-tech buildings to abandoned factories. It is a unique urban landscape as well as an ongoing challenge from an architectural, economic and social point of view.

In addition, in 2012, the Catalan capital was the world’s 5th best ranked city in the area of life quality and urban prosperity, after Tokyo, Stockholm, Paris and Oslo. Barcelona was also among the international centres regarding tourist figures, being the 4th European city which receives the highest number of foreign tourists. It is also the second best city in Europe for shopping and it is among the best in Europe for doing business, after gaining competitiveness by reducing life costs. Barcelona is the 13th world city in global competitiveness, the 12th in the number of foreign investment projects and the 10th in scientific production. Furthermore, it is the only European city with 2 business schools ranked among the continent’s top ten (IESE and ESADE).

The world-renowned business school has invested €1 million in a new building located at its Sant Cugat campus, in Greater Barcelona, where the International MBA programmes will be taught. In fact, the Barcelona-based business school wants to turn its Sant Cugat campus into an international hub for education, innovation and entrepreneurs.

IESE has been ranked the fourth best business school in Europe in 2011 and ESADE the seventh. Both Catalan education centres have improved their positions since last year’s FT ranking.