Hult International Business School (formerly known as the Arthur D. Little School of Management) is a business school with 6 global locations. In 2012, it graduated 2,000 students from its MBA, Executive MBA, Master and Bachelor degree programs.
The school is accredited by the New England Association of Schools and Colleges and the Association of MBAs. The school has also been accredited by the British Accreditation Council of Independent Further and Higher Education. Hult is a member of the Association to Advance Collegiate Schools of Business (AACSB).
The school is incorporated as Hult International Business School, Inc., a non-profit organization under Massachusetts law.
History
The institution was established in 1964 by Arthur D. Little Inc. as the Management Education Institute, a subsidiary for training of business executives from developing countries, modeled on the MIT Sloan School of Management. In 1976, the Arthur D. Little school was accredited by the New England Association of Schools and Colleges.
In 1996, the school, then known as the Arthur D. Little School of Management, formed a partnership with Boston College's Carroll School of Management, giving it access to the college's facilities. The following year the Arthur D. Little School of Management became an independent non-profit entity, with Arthur D. Little Inc. as its only shareholder.
In 2002, after Arthur D. Little declared bankruptcy, Kaplan, Inc. initiated acquisition of the business school, renaming it the Concord School of Management. In November 2002, Kaplan abandoned its acquisition plans. At the time, the school had 26 students.
In 2003 Bertil Hult stepped in to financially support the failing school. Since then it has grown from its single Boston location to 5 campuses in San Francisco, London, Dubai, Shanghai and two rotation centers in New York and Sao Paulo. The school was renamed Hult International Business School after Bertil Hult, the founder of EF Education First.
In 2005, after the accreditation of Hult's one year MBA program by the Association of MBAs (AMBA), Hult began opening new campuses. The Shanghai campus opened in 2007. The following year Hult became the first American educational institution officially approved in the United Arab Emirates when its Dubai campus opened. In 2009, Hult acquired the former facilities of Huron University USA in London to open its London campus. Hult's San Francisco campus opened in 2010.
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Rankings
Hult is ranked 55th in the world by The Economist and 21st in the international category by Bloomberg Businessweek.
The Economist also ranks Hult 6th in Percentage Increase on Pre-MBA Salary, and has recognized Hult as 1st for international exchange opportunities and 1st for diversity of industries recruiting graduates.
Hult Prize
Hult International Business School is the lead sponsor of the Hult Prize (formerly Hult Global Case Challenge), an annual international case competition launched in 2010 that asks students to find solutions to global social challenges. The organization is a member of the Clinton Global Initiative. Teams from business schools around the world compete at one of five regional events to develop the best solutions to that year's social challenge. The best teams from each regional event advance to a global final, at which a single winning team is chosen. Bertil Hult provided a $1 million cash grant to the partner NGO to help fund the winning solution in 2010, 2011 and 2012. In 2013 he will instead provide the same cash grant for the winning team to establish a new social enterprise.
In 2010, the competition focused on education in partnership with One Laptop per Child. The 2011 event partnered with Matt Damon's water.org to focus on provision of clean water. In 2012, Hult Prize partnered with Habitat for Humanity, One Laptop Per Child and SolarAid to address global poverty through the provision of education, housing and energy. The 2013 event addresses the global food crisis.
Former U.S. President Bill Clinton was the keynote speaker at the 2011 and 2012 final events.
Business Professor of the Year Award
The Economist Intelligence Unit (EIU), supported by Hult International Business School, launched the Business Professor of the Year Award in 2012.
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