INCREASING numbers of South Americans are heading to Spain to complete MBAs in business.
This year, about 20% of graduates from Esade – a world-leading business school based in Barcelona – will be of South American origin.
Esade has even launched a ‘Doing Business in South America’ campaign in a bid to attract students across the Atlantic.
But unlike in previous years, the students do not intend to stay in Spain for work, generally opting to return to South America, with 97% of Peruvian students at IE, in Madrid, saying they will return home after graduating.
The change is thought to have been caused by the economic crisis facing Spain, as well as the strengthening of economies across South America.