English is the language most commonly used in electronic communication, and most companies expect its use to become even more widespread according to the report by the Community of European Management Schools, an alliance of academic and business partners.
But a second foreign language "represents a major advantage," says the report, which is compiled from information collected from interviews with nearly 40 companies that provided placements for CEMS students.
Valerie Gauthier, director of the Centre de Ressources et d'Etudes Anglophones at French business school HEC, and one of the report's authors, noted that employers recognised competence in languages as an indication that a candidate was more adaptable and open-minded: "Not necessarily because of the level of the language, but as a sign of willingness to learn a different culture."
The CEMS is a partnership of 17 European higher education institutions and a number of multinational companies that include Accenture, Danone, Procter & Reuters.
The CEMS masters degree in management requires students to speak at least three languages.