Instituto de Estudios Superiores de Administración (IESA) is a private non-profit business school. It was founded in Venezuela in 1965, and has since expanded to include campuses in the most important economic centres in the country: Caracas, Maracaibo and Valencia. The school has received international recognition for its ability to educate quality top-level managers in a wide range of topics relating to management science. Influential leaders and managers regularly return to the IESA in order to receive executive training to tackle the challenges of the markets in which they operate. It is one of only four schools of management and business in Latin American and thirty-four in the world to have three major international accreditations which relate to its academic standards, intellectual production and teacher performance.