In 1929, Ashridge was formally established as the College of Citizenship with the backing of the
Conservative Party. In 1959, the college was re-established as a
school of management under the name Ashridge Business School.
Arthur D. Little Consulting Bankruptcy and Sale of Arthur D. Little School of Management to Beril Hult
In 2002 Arthur D. Little declared bankruptcy and the for-profit educational branch of the Washington Post,
Kaplan Education, initiated the purchase of the Arthur D. Little School of Management (which had then changed its name to the Concord School of Management), but subsequently decided against the plan. At the time, the school had 26 students. The same year, Swedish billionaire
Bertil Hult purchased the Arthur D. Little School of Management, which resulted in the school's reorganization and reestablishment as Hult International Business School in 2003.
Under its restructuring, Hult established a new curriculum oriented on
international business, which led to the establishment of Hult's global campuses in Dubai (2008), San Francisco (2010), Shanghai (2011), and New York (2014).
In 2007, Hult acquired
Huron University in London, a private American university located in London's
Bloomsbury neighborhood, which subsequently was reestablished as Hult International Business School's London campus.
In 2014, Hult International Business School acquired and merged with Ashridge Business School, creating one of the largest business schools in the world. After 2015, the two schools began operating as a singular entity, with the establishment of
Ashridge Executive Education as Hult's executive program.
By 2014 Hult had become the world's largest graduate business school by enrollment, allegedly due in large part to an aggressive recruitment program led by Hult recruiters initiating cold calls to TOEFL and GMAT candidates. In response to a 2018 article about the school's alleged recruitment process, the school's chief marketing officer said that “It sounds like a disgruntled former employee has shared some doubts about our stats which is of course unfortunate, but we can’t expect all members of staff to be familiar with the rigorous, standardized process surrounding rankings and accreditation...The fact that we are experiencing continued success in both our ongoing accreditations process as well as in the premier rankings of business school programs is a testament to the positive impact of our unique approach to global higher education.”
Hult maintains 7 campuses across 6 countries and serves approximately 3,000 students: two
postgraduate campuses (London and Boston), three postgraduate campuses that serve as summer rotational campuses (San Francisco, Shanghai and Dubai) one solely postgraduate campuses (New York City), and one
executive education campus (
Ashridge Estate in
Hertfordshire, United Kingdom). Students are encouraged to rotate between campuses during their programs.
In 2022, Hult's Executive MBA was ranked among the top 100 in the world in the QS International Trade Rankings.
EY Tech MBA by Hult
On 1 July 2020, Hult and
Ernst & Young (EY) announced the EY Tech MBA by Hult, consisting of online learning, practical experiences, insight papers and a capstone project. This MBA is now offered by EY free to all its people, regardless of rank or location and can be done over any duration. The curriculum is updated every four months.
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 Prize is a partnership between Hult International Business School, the
Clinton Global Initiative, and the
United Nations Foundation.
The best teams from each regional event advance to a global final, at which a single winning team is chosen.
Bertil Hult provides a $1 million cash grant to help fund the winning solution.