The Financial Times issued its ranking of the world’s top 70 executive business programs. Nearly all successful emerging economies are on the list, as are advanced economies, but no program in MENA has made the list. Several countries have multiple programs represented in their domain, such as Chile, Brazil, Mexico, South Korea, Singapore, to name a few.
Executive programs are an important indicator for future top management and leadership role jobs. The programs need to be in close proximity to its “students” on two levels, so that the participants can continue with their day-to-day functions, and the company can financially afford such a program. Only a few SMEs are able to afford sending their staff to external programs, most are unable to do so. Few mid-level managers may be proficient in a foreign language. If MENA needs to generate the much needed non-public sector jobs, the region is unable to provide the necessary resources to train its “captains” in industry and banking.