The Escuela de Graduados en AdministraciÃ³n y DirecciÃ³n de Empresas â"generally translated as Graduate School of Business Administration and Leadership but officially branded as EGADE Business School since 2010â" is the graduate business school of the Monterrey Institute of Technology (ITESM); one of Latin Americaâs largest private universities.
Founded in 1995 as a group of business schools attached to some of the Instituteâs campuses, 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 â"where its rectorate is locatedâ" and another one 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 â"and the first in Mexicoâ" 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 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 (see Joint programs and international partnerships below).
The earliest forerunner of the school was founded on 1 September 1964 as Escuela de Graduados en AdministraciÃ³n (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; a United States program that attempted to counterbalance Communist influence in Latin America â"particularly in the aftermath of the Cuban Revolutionâ" by sponsoring economic and social development in the region. Similar agreements, aiming to provide "advanced training for faculty members from business schools in emerging countries" had previously funded 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 masterâs degree in Management (MaestrÃa en AdministraciÃ³n) 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 the 1970s, when the Institute restructured itself, centralized most of its academic departments around academic divisions, and transferred its graduate degrees to the local campuses.
The Tech made no further attempt to create a graduate business school until 1995, when the Escuela de Graduados en AdministraciÃ³n y DirecciÃ³n de Empresas (Graduate School of Business Administration and Leadership) was created as an appendage of the Monterrey Campus. Commonly shortened as EGADE, it brought early successes and barely ten years after its foundation its MBA degree was ranked among the top ten in the world by the Wall Street Journal.
Such encouraging results allowed its first director, Wharton alumnus Jaime Alonso GÃ³mez, 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 briefly became part of the Monterrey Institute of Technology System (Sistema TecnolÃ³gico de Monterrey), an umbrella organization of non-profit and research-oriented institutions ranging from education to health services restructured in 2013.
Inside the Instituteâs 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 LomelÃn, 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 2014 the school is divided in two sites serving large metropolitan areas: one in Monterrey â"where the flagship school and rectorate is located in the suburb of San Pedro Garza GarcÃaâ" and one in Mexico City, serving the Santa Fe business district.
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 AdmisiÃ³n 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 for its acceptance rate, according to a 2013 CNN/ExpansiÃ³n ranking, the school is the least selective among the top five MBA programs in Mexico, accepting up to 76% of its applicants.
As of 2013 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 1st in Latin America in the Quacquarelli Symonds (QS) Global 200 Business Schools Report 2013-2014, 1st in Latin America according to AmÃ©rica EconomÃa and 3rd in Mexico according to CNN/ExpansiÃ³n (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.
- Media related to EGADE Business School at Wikimedia Commons
- Monterrey Institute of Technology and Higher Education