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In page Business school:

"

The first business schools appeared in Europe in the eighteenth century. The concept spread from the beginning of the nineteenth century.

  • 1957 – INSEAD in France started the first MBA in Europe and pioneered the one-year MBA.[16]
  • 1963 – ESAN University Graduate School of Business in Lima, Peru, became the first Graduate Business School founded in Latin America. It was established under an agreement between the Government of the United States, Stanford Graduate School of Business and the Government of Peru.[citation needed]
  • 1963 – The first MBA program in Australia was established by Melbourne Business School.[8]