Regional Focus
AsiA pAcific
increased from all over the world in the past few of Economics and Management, Nanyang Singapore while the Asian branch of the
years and particularly in the last year,” she says. Business School, the National University of University of Ontario’s Richard Ivey School of
“Our own rise in applications is partly due to Singapore (NUS) and the Chinese University Business is to be found in Hong Kong.
this general interest and partly due to our of Hong Kong have all made appearances in
performance in the rankings. Applicants realize the rankings in the last few years. Regional trends
that they can get the same high-quality The QS list of Global Top 100 Business Schools in all these cities are to varying degrees
education at HKUST, very often at a portion Schools tells an identical story, with the number offering their students access to, and an
of the cost of US or European programs. of Asia Pacific schools included leaping from understanding of, the economic powerhouses
Most importantly, candidates now see more ten to 23 between 2006 and 2007. Furthermore, of China and India. One of the characteristics
opportunities here and want to develop their when you compare the top ten in the QS list they have in common is the emphasis they
careers in Asia afterwards. Going to an Asian with the FT rankings from the past two years, it place on providing their students with the
school to learn about Asian business and becomes evident that four key cities account for opportunity to take part in exchange programs,
develop regional networks becomes an the vast majority of the well-regarded schools: so allowing them to experience a semester in a
obvious choice.” Shanghai, with its central position in the part of the region they want to learn more
HKUST and the China Europe Chinese economic book; Hong Kong, with its about. AGSM for example has 26 exchange
International Business School (CEIBS) have mature, UK-influenced economy and access to programs to choose from.
both leapt into the magic top 20 of the Financial China; multicultural Singapore with its Maintaining the diversity of the cohort is
Times (FT) ranking of Global MBAs in the last infrastructure, governance and position in the another common concern for the top schools.
couple of years. And a look back at the FT center of the region; and Sydney, with its “Our broad aim is to create a highly multicultural
rankings since 2000 shows how these and other cosmopolitan atmosphere, financial centre and education and to produce global managers who
Asia Pacific schools have broken through to post-Olympic exposure. It is no surprise then can manage cross-cultural teams,” says Lawrence
become globally significant. The Indian School that both INSEAd and the University of Chan at the Chinese University of Hong Kong.
of Business, Shanghai Jiao Tong’s Antai College Chicago have located their Asian campuses in “We have students from 16 countries coming to
us and 80 per cent or our students come from
outside Hong Kong. Even the part-time program
now attracts foreigners.”
Another counter-intuitive trend is the
increasing importance of the specialist MBA in
the region. Many will remember consultancy
giant McKinsey’s famous 2005 claim that
China would need 75,000 more leaders and
managers in the next ten to fifteen years. And it
is well known that much of the demand for
MBAs from India comes from people who have
specialized in technical subjects such as IT,
finance or engineering and who now wish to
broaden their skills. Nevertheless, there is a
strong demand for MBA programs that
themselves are tailored to a particular area.
“We are seeing more of a demand for
specialization,” says Associate Professor Susanna
Leong, Vice-dean for Graduate Studies at
NUS Business School. “This is something we
have tried to resist for quite a long time, but
students do want it and so we now have
specialisms in healthcare, real estate, finance,
marketing, strategy and organization. Another
demand-led trend is a move away from the
traditional two-year program towards something
that can be completed in a year.”
One major difference between the Asia-
Pacific and the North American or European
experience is that people in Asia are less likely
to be sponsored by their company, even for part-
time or executive MBA programs, perhaps
because the workforce is much more mobile
and the sponsoring organization is less likely to
recoup the benefits. Non full time programs in
places such as Hong Kong will therefore be
designed to avoid the necessity for participants
to take any time off work.
144 TopMBA CAreer Guide
www.topmba.com
TopMBA CAreer Guide
www.topmba.com 145
MBA_SPR09_pp_052-155.indd 145 17/2/09 15:26:26
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