History of Business Schools

First Business school in the world came into reality in 1818 by some businesspeople for their children’s momentarily it is known as ESCP. Succeeding in line was founded by Austrian Empire in 1857, this was accessible to common people, unlike the ESCP which initially was only for particular individuals. Hence Budapest Business School is regarded as to be the first public business school in the world. In 1968 in Italy, a university named Ca’ Foscari in Venice took birth. Along with this university business school was also installed as the part of it. So it is one of the oldest business schools in World and the oldest one in Italy. Rouen Business School was established in 1871, Rouen business school lately merged with Reims and the merger of the school is named as NEOMA.

One of the elite and most reputed business schools are best because of the profound roots and golden history. One of a classic example of the same is Wharton School of Business, which saw the daylight in 1881 and is the oldest and first business school in the United States of America. The foundation was laid in high limits, benchmark and high standards for other business schools in the world. Another best and competitor of Wharton business school, the Booth School of Business was launched after 17 years of Wharton business school in 1898.

Business Schools and Universities in other Geography

The first university in Europe which started teaching economics and business was University of St. Gallen and it was established in 1898. Although the first college/business school in the United States of America which started to teach specialized and advanced degree in business was Tuck School of Business v which is a part of Dartmouth College. In the United Kingdom, Birmingham Business school is the oldest business school and was basically started as the school of commerce in 1902. Then the first AACSB (Advance Associate of Council of Centre) accredited business school in France Europe and in the world came into existence named as ESSEC in 1907. The campus of ESSEC business school was established in Paris.

The first business school in 19th century focusing on international business was The Thunderbird School of Global Management. Thunderbird School of Global Management stated providing MBA in Global Business in 1946 before it used to be known as American Institute of Foreign Trade. In Africa, The University of Pretoria is the first business school established in 1949. Nevertheless, it was taken over by Gordon Institute of Business Science in 2008. In India, the oldest business school is XLRI (Xavier Law Research Institute) it was established in 1949. However, the first institute which was not from USA, Canada or Mexico which started the Master in Business Administration is The Institute of Business Administration in Karachi Pakistan. The course is being offered from 1955 to present.

Business Schools in Asia

In India, the oldest business school is XLRI (Xavier Law Research Institute) it was established in 1949. However, the first institute which was not from USA, Canada or Mexico which started the Master in Business Administration is The Institute of Business Administration in Karachi Pakistan. The course is being offered from 1955 to present. Almost at the end of the 19th century, CEIBS was the only management school/institute in China to have acknowledged a financial support from European Commission.