A new paradigm is needed to compete with China and India. Decision-makers need to undertake change strategies and transform organizations and institutions to operate based on high value-added, entrepreneurship-based wealth creation, and innovation propelled economic activity. This paradigm is creating a massive demand for MBA educated graduates across the region. The majority of employers in Latin America are still looking to hire MBAs educated at the best international business schools in North America and Europe. What local demand exists tends to be on a country basis with few employers recruiting across borders within the region. Few business schools in Latin America have been successful in developing an international reputation.

There is evidence that business schools in Latin America are not internationalizing at the pace of their Asian counterparts. Within the region 12 schools have made the cut into the Global Top 200 in 2009-2010. A consistent picture of the most preferred schools has emerged in this research, year on year with a consistent number of employer respondents in Latin America and stable evaluations. Read less >