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Facts on MBA France has initiated one-year MBA programs, with INSEAD MBA pioneering this formula in 1959. Most of the Grandes Ecoles also offer respected MBA programs, including ESCP-EAP (the oldest business school in the world, founded in Paris in 1819), ESSEC, HEC, EM-Lyon and EDHEC. University-based French business schools have created since then (mostly in the 1990s) their own 12 to 24-month MBA programs, but with a much lower emphasis on internationalization and diversity. The MBA designation originated in the United States, emerging as the country industrialized and companies sought out scientific approaches to management. The first American business school, Wharton School of the University of Pennsylvania, was established in 1891 (initially as an exclusively undergraduate institution).

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