Almost 2 Billion Euros: This is the Annual Impact of Eight Business Schools on the Economy of their Region

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A recent Business School Impact System (BSIS) report shows that eight Business Schools have an annual impact of 1,9 billion Euros on the Auvergne-Rhône-Alpes region.

The aim of this impact assessment exarcise was to determine the extent and nature of impact in case of the following schools:

  • emlyon business school
  • Grenoble Ecole de Management
  • Grenoble IAE
  • Groupe ESC Clermont
  • IAE Auvergne
  • iaelyon School of Management
  • IAE de Saint Etienne
  • IAE Savoie Mont Blanc
Some key findings include:
  • 1,9 billion euros annual financial impact
  • Almost 700 researchers-faculty members, with high internationalisation
  • Around 32 000 students into the Schools’ degree programmes
These results confirm that Business Schools have not only a direct financial impact through the budget, but also an indirect impact through the money students, employees and professors spend in the region.

This was the first time in France that management education institutions worked as partners to measure their impact. The Schools now hope that the positive results will enable them to help the region develop further its policies in the higher education, research and innovation areas.

“We are thrilled to have participated in a collective project within the Auverge-Rhône-Alpes region. For us, it is not only the first collective process of its kind in France, it is also our school’s first BSIS experience. We are now working on a second impact measurement process upon the Clermont-Vichy-Auvergne metropole,” says Françoise Roudier, Director General, ESC Clermont Group.

About BSIS
The Business School Impact System (BSIS) scheme is designed to determine the extent of a school’s impact upon its local environment – the city or region in which it is located. The scheme was initially designed by FNEGE (the French National Foundation for Management Education) and is already well established in the French higher education arena.

The BSIS process has been adapted for an international audience and is now offered in a joint venture between EFMD Global Network and FNEGE as a service to EFMD members in any part of the world.

To learn more about BSIS, please visit the BSIS website here.