World Education News and Reviews

August 2006

Latin America

MBA Rankings

The Chilean-based business magazine, América Economía, compiles an annual ranking of global master of business administration (MBA) programs based in Latin America. The ranking seeks to organize Latin America’s MBA programs based on the potential benefits and overall worth of each degree to a professional looking to advance in the business world. Institutions are initially selected from a sample of 75 universities known for the general quality and global focus of their MBA programs.

Methodology

From an initial survey designed to collect the essential information pertaining to each MBA program, América Economía developed a rubric of the principle variables that determine the ranking of each university’s MBA:

Evaluation of full-time MBA programs 2004-05
Corresponding percentage of applicants accepted (selectivity) to programs of distinction and the average GMAT score of the last incoming class
Evaluation of the presence of each institution within Latin America, strategic alliances with other institutions and strength of the institution’s global network
Innovation within the content of the curriculum, incorporation of new concepts, teaching methods and programs of study
Number of foreign students participating in the full-time MBA program
Institutional prestige from the perspective of professors at MBA programs in Latin America, the United States, Europe and Canada (based on a separate online survey completed by 361 professors in the aforementioned regions during the month of June, 2005)
Program value; total costs of the degree in relation to living expenses, books, etc. corresponding with the average salary of students upon graduation

Each variable is weighted equally in determining the final results.

Latin American Business School Ranking (2005)

Ranking 2005	Institution	Country	Ranking 2004
1	INCAE	Costa Rica/ Nicaragua	1
2	Universidad Católica de Chile	Chile	2
3	Universidad Adolfo Ibáñez	Chile	4
4	Egade - Tec de Monterrey, Monterrey Campus	México	3
4	ITAM – Autonomous Technological Institute of Mexico	México	5
6	Universidad de Chile – Graduate School of Business and Economics	Chile	8
7	IAE – Austral University School of Business and Management	Argentina	8
8	Universidad de Chile – Industrial Engineering	Chile	7
9	Coppead – UFRJ	Brazil	9
10	Universidad Gabriela Mistral	Brazil	10
11	Tec de Monterrey – Mexico City and University of Texas at Austin Campuses	México	12
12	Iesa	Venezuela	15
13	Universidad de los Andes – Business Administration	Colombia	15
14	Fundação Dom Cabral	Brazil	14
15	Universidad Torcuato di Tella	Argentina	13

Source: www.americaeconomia.com