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MBA Day organized by Barcelona Global allows future executives studying at local business schools to learn about city's "competitive dimension"

Three Catalan business schools were ranked in the fifty best in the world category, according to the the 18^th edition of the elaborate analysis by the Financial Times (FT) Executive Education 2016. The three schools that received the highest scores were the Iese Business School (in first place), the Esade Business School (in eighth place) and the Eada Business School Barcelona (in 44^th place). The final analysis was a composite of two separate rankings, a combination of Customised Programmes and Open-Enrolment Programmes. The Iese Business School was placed as number one in the Customised Programmes Ranking and number two in the Open-Enrolment Programmes Rankings, “coming closest of any school since the survey was launched in 1999 to topping both rankings”, according to the Financial Times. 

The Zurich Insurance group will establish its new global data centre in Barcelona, as was divulged by the company CEO Vincente Cancio last Thursday. The opening of the global data centre, which is a two-year project, will establish 200 jobs. These positions will add to the existing 250 which the Zurich Group has already created in Barcelona. The company has over 2,000 employees and more than 130 years of presence in Spain.

The Barcelona-based business schools IESE and ESADE have been ranked among the 10 best business schools in the world according to the Executive Education Ranking 2015 by the ‘Financial Times’. For the 17^th year, the British newspaper rated the best 85 customised programmes (tailor-made for corporate customers) and the top 75 open programmes (available to all working managers) in the world. With regard to the customised programme ranking, IESE came top worldwide while ESADE (part of the Ramon Llull University) is ranked 12^th. As for the classification of the open programmes for executives, IESE ranked 3^rd globally while ESADE was 7^th. Among the top 100 educational institutions in the ranking, one can find another Catalan business school as well: Barcelona’s EADA is in 61^st position for its customised programmes, and in 56^th for the open ones.

The Financial Times recently ranked the top twenty business schools for undertaking an MBA (Master of Business Administration) programme. Two of these schools are in Barcelona: IESE and ESADE, 7^th and 19^th in the world ranking respectively. Both have around a 90% international student intake for these courses. In recent years, Barcelona has become a global educational destination for MBA students that come to the city attracted by the quality of the schools but also by the city brand and the lifestyle. However, Barcelona is not only a player in business but also in the field of economic research and investigation. 

Barcelona ranks 9^th in the list of the cities with the best reputation in the world, according to a study presented by the prestigious ESADE Business School. The Catalan capital stands out especially in areas of tourism, sport and culture. The City RepTrak 2014 study was presented on Tuesday at ESADE, which has its headquarters at the Catalan capital. The report measures the reputation of 100 cities around the world, and the 5 cities at the top of the list are Vienna, Munich, Sydney, Florence and Oslo. European cities were the highest ranking, followed by those in the United States, and well ahead of those in Asia-Pacific, Latin America and Africa. While Barcelona has risen from being 23^rd to the top ten, Madrid has dropped from 27^th to 32^nd place.

BBVA will pay €1.187 billion to the Fund for Orderly Bank Restructuring (FROB) for the nationalised Catalan bank, beating the other two offers in the final phase of the auction process presented by Santander and Barcelona-based CaixaBank. This means that Spanish taxpayers will lose €11.84 billion considering guarantees and due to the fact that the Spanish Government injected €12.622 billion into Catalunya Banc since it was nationalised in 2011. Catalunya Banc was a private bank owned by CatalunyaCaixa, the merger of three historical Catalan savings banks (Catalunya, Tarragona and Manresa). It could not face the deep restructuring process required to meet the new banking regulations. The bank had a weak financial position resulting from a high exposition to toxic real estate and mortgages assets, as well as suffering from poor management. The BBVA will become the second largest bank operating in Catalonia, doubling its past position.

Barcelona has gone from 22^nd to 7^th place in the list of 468 European cities with the best economic prospects; it is ranked the 19^th most competitive city in the world and the 10^th in Europe; it stands at 10^th in the world in terms of receiving new business investments; and it became the 4^th city hosting the largest amount of congresses at world level. The report was produced by the Chamber of Commerce of Barcelona in collaboration with the City Council. Furthermore, another study compiled by ESADE business school stressed that Barcelona is the 1^st European city in money spent per tourist in shopping, ahead of London and Paris. The Mayor of Barcelona, ??Xavier Trias, welcomed the news but also emphasised the ''shadow'' of having more than 100,000 unemployed in Barcelona, a number he finds “unbearable.”

The “very moderate” growth expectations for 2014, between 0.5% and 1%, will make it “difficult” for the unemployment rates to fall below the current 27%. This was the conclusion of the 2014 Economic Report of Barcelona-based ESADE, one of the top business schools in the world. The main author of the report stressed that this “slow and costly” growth should contribute only in a “very reduced” way to creating new jobs in 2014. However, he also explained that the Labour Market Reform would have positive effects on employment levels in the medium and long term. The study indicates that consumption in 2014 will “remain restricted” due to the high unemployment rates and reduced wages.

In addition, in 2012, the Catalan capital was the world’s 5th best ranked city in the area of life quality and urban prosperity, after Tokyo, Stockholm, Paris and Oslo. Barcelona was also among the international centres regarding tourist figures, being the 4th European city which receives the highest number of foreign tourists. It is also the second best city in Europe for shopping and it is among the best in Europe for doing business, after gaining competitiveness by reducing life costs. Barcelona is the 13th world city in global competitiveness, the 12th in the number of foreign investment projects and the 10th in scientific production. Furthermore, it is the only European city with 2 business schools ranked among the continent’s top ten (IESE and ESADE).

The former leader of the European Union diplomacy and now an International Relations professor at the Barcelona-based ESADE business school, Javier Solana, stated that it is “difficult” to believe that such a measure could be implemented in Spain or Italy. Solana, who chairs the EsadeGeo Centre for Global Economy and Geopolitics, highlighted the fact that “it is an unprecedented decision to make all depositors pay” such a tax. According to Solana, this could create “insecurity” and it is “an unfair decision for honest money savers”, despite the measure targeting those who have manipulated Cyprus’ financial system.

The world-renowned business school has invested €1 million in a new building located at its Sant Cugat campus, in Greater Barcelona, where the International MBA programmes will be taught. In fact, the Barcelona-based business school wants to turn its Sant Cugat campus into an international hub for education, innovation and entrepreneurs.

IESE has been ranked the fourth best business school in Europe in 2011 and ESADE the seventh. Both Catalan education centres have improved their positions since last year’s FT ranking.