France has renowned business schools: ESCP Europe, HEC Paris and ESSEC Business School are ranked second, fourth and fifth respectively while EM Lyon is ninth among the top 10 of the Financial Times “European Business Schools Rankings 2012”.
Maybe the berets keep French brains warm, as France is the leading European country for investment in education, spending 6.1% of gross domestic product (GDP) on education, more than the OECD average of 5.9%.It is also first in Europe for the number of higher education graduates in science and technology. (OECD, Education at a Glance, 2011)
France also boasts Europe’s second highest percentage of 25- to 34-year-olds with a university-level degree (OECD, Education at a Glance, 2011) and is the world’s third largest host country for foreign students, with 285,000 incoming students in 2010-2011. (Campus France, 2011)
It therefore makes sense that out of 392 higher education institutions with the most former students now in executive positions at Fortune Global 500 companies, 25 were French.