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China's business schools compete on MBA quality
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This year marks the 20th anniversary of MBA education in China,” says Ma Jia, director of marketing and admissions for Tsinghua University’s IMBA program, adding that the speed at which the market has grown is, like most things in China, astounding. “China grew fast from the original nine programs to 236 programs.”To get more news about top mba colleges in China, you can visit acem.sjtu.edu.cn official website.
Twenty years on, it is unlikely such expansion will continue for much longer. Instead, Chinese business schools are competing now on the quality of their education. Competition among China’s business schools is set to become much more fierce in the coming years as students - both international and Chinese - begin to recognize the value of gaining their MBA in China instead of traditional centers such as Western Europe and the US.
At present there are a few well-recognized business schools offering international-standard MBAs in China and yet more offering MBAs partnered with Western schools such as the Sloan School of Management at the Massachusetts Institute of Technology (MIT: Sloan), which partners with Tsinghua University’s School of Economics and Management, amongst others. With such variety in China though, choosing the right MBA is crucial. There are nevertheless some distinct benefits and drawbacks that apply to MBA programs in China regardless of the individual business school. Perhaps the most common benefit of studying for an MBA in China is the widely accepted view that, as a developing marketplace, MBA holders see their career development progress much faster than in more mature economies. The rapid movement of industry to China requires a great deal of well-qualified managers who can understand both Western and Chinese business practices.
Moreover, a benefit to students considering studying for an MBA in China is the current lack of such talent throughout the country. “The lack of management talent is quite significant,” says Ms Ma. “MBA graduates will have more job opportunities and room for development.” Insight into Chinese business through an MBA Obtaining an MBA in China allows students to see firsthand what business practices in China look like, and will give those hoping to work in China a significant head start over those planning on transferring their MBA from the West to China. Transferable experience does not only concern moving from West to East but also concerns moving within China itself, as the distinction between Hong Kong and China must be made clear.
At times Hong Kong, a Special Administrative Region (SAR) of China, is indistinguishable from the People’s Republic, but in terms of MBA education there are some acute differences in the experience an MBA student can gain. "Hong Kong has a lot of competitive MBA courses with highly diversified student demographics," says Patrick Groom, international admissions manager at Cheung Kong Graduate School of Business in Beijing. "Often, Hong Kong students will be the minority in an MBA course, such is the multi-national make up of Hong Kong MBA students.” But the courses available in Hong Kong, he says, look West a great deal more than they really examine business operations in China and China's impact on the rest of the world.