European business schools gain from US pain

President Donald Trump’s contentious policies and rhetoric have provided a unique opportunity for European business schools, which are increasingly attracting students and faculty dissatisfied with the current climate in the United States. Heightened political instability combined with stricter regulations on research funding, student and work visas, and proposed limits on diversity programs have led to a shift in applications. According to data from the Graduate Management Admission Council (GMAC), applications to European business schools, excluding those in the UK, increased by 11%, while those in the U.S. saw a decrease of 1% this year.

Many prospective students, including Luis Dominguez from Mexico, have opted for European institutions for their educational pursuits, citing concerns around visa uncertainties and the political environment in the U.S. Dominguez, who received offers from prestigious American universities but chose HEC Paris, articulated fears over potential discrimination stemming from recent legislation affecting diversity programs.

The trend towards European business schools is echoed across the continent, with notable rises in enrollment, such as a 20% increase at Milan’s Polimi Graduate School of Management. Faculty and deans highlight that many students now prefer staying in Europe due to both political concerns in the U.S. and the rising costs associated with American education.

While American programs have historically dominated the global landscape, this shift raises questions about their long-term appeal and competitiveness as rising tuition costs and diminishing opportunities in the U.S. job market pose challenges for prospective students.

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