The future of France's grandes écoles

Business schools have been hit by public funding cuts. But what lies ahead for France's elite universities — grandes écoles — which have relied on the country's chamber of commerce for financing? François Bonvalet, director of Toulouse Business School, believes the grandes écoles system can survive. However, he explains to Della Bradshaw, FT business education editor, that business schools that do not have adequate student numbers and an effective survival strategy are at risk.