Editorial
mba
Sydney Opera House
specialization in entrepreneurship, close schools are steadily improving their ability to School. “It is a bridge between both cultures,
proximity to the many European companies that provide for local students as well as offering a perfect for students seeking exposure to the
are evolving into the Asian market and the rigorous, accredited and competitively priced emerging Asia-Pacific markets in the comfort of
prevalence of the one-year MBA program. education for an increasing number of overseas an international English speaking country.”
Europe is becoming a hotspot for MBA students. INSEAD in Singapore has stimulated Sydney, Melbourne and, increasingly,
recruiting. The UK is almost at full employment, a trend of foreign schools opening campuses in Brisbane are home to a number of regional
particularly due to the implementation of the Asia, leading a stream of schools to follow. For business headquarters, such as Accenture,
Highly Skilled Migrant Program, the visa regime example the UK’s University of Nottingham and Deloitte and PricewaterhouseCoopers. These
that is favourable to MBAs of any nationality Monash University from Australia now have companies value the high level of education,
from 50 selected business schools internationally. campuses in Malaysia which offer the same quality of living and cost-efficiency that Australia
For Indians, the UK is still Europe’s top accredited courses but at a fraction of the cost. offers. Little wonder that the number of Australian
destination, owing to the long history the Asia’s relatively low cost is a key benefit for business schools benefiting from their proximity
countries have as well as the language. international students looking to enhance the to the Asia Pacific region, and gearing their courses
Spain and Italy have growing numbers of marketability of their business experience. The towards those markets, has radically increased.
finance and technology companies regularly opportunity to steep themselves in a different The 2007 QS Global Recruiters Top 100
recruiting MBAs, as well as a growing culture, to learn another business mindset and Business Schools Report shows that seven
consulting industry. France, and Germany to to pick up an Asian language is also extremely Australian schools made it into the Top 100
some extent, are calling for more and more beneficial. Sej Butler, recruitment director of worldwide, a great feat considering that not
MBAs as their strong industrial and IBM Europe, says, “a second language is not long ago Australia was considered an
technological sectors develop. essential but is very beneficial. We are looking economic backwater.
The London Business School and INSEAD for people not only with good qualifications but
both rank within the top 10 in QS TopMBA’s also a well-rounded approach to business.”
Scorecard search for schools with excellent Biren Patel, director of the QS World MBA
recruitment reputation, strong faculty and Tour in India, says, “… the need for educated
favourable peer review. business leaders has never been greater … In the
case of Asia, an increasing number of
Asia professionals from a technical background, such
Despite the 2002 downturn in MBA salaries as IT or engineering, want to acquire softer skills
and hiring, recent years have seen a significant in management in an effort towards a career
upswing in the number of business schools switch post-MBA.”
offering places. In QS Global Recruiters Top
100 Business Schools research (January 2008), Australia
there were 23 Asian schools in the top 100; over In the QS TopMBA Applicants Survey of 5,000
twice as many as in 2007. Four of those were MBA candidates who attended the QS World
in India: the ABC schools of IIM Ahmadebad, MBA Tour in 2006-7, Australia was the fifth most
Bangalore and Calcutta as well as the Indian popular study destination (with a quarter of
School of Business. votes), behind the US, UK, Canada and France.
With its booming population and, in many It displaced Switzerland and Spain in the study
cases, a booming economy, the Asian market is destination rankings, particularly for the vastly
rapidly meeting its destiny as the most important increasing number of Asian students for whom
market in the world. Of course China and India Australia is closer geographically and
dominate, but it is important to note that nations culturally.
such as Malaysia and South Korea are quietly On the cusp of both West and East, due to
building a strong need and provision for its long European heritage and its location,
international quality MBAs of their own. Australia, “is uniquely placed,” according to Prof.
Developed and modern, Asian business John Seybolt, dean of Melbourne Business
Jin mao tower at Pudong area of Shanghai
18 TopMBA CAreer Guide
www.topmba.com
TopMBA CAreer Guide
www.topmba.com 19
MBA_SPR09_pp_001-051.indd 19 17/2/09 15:49:50
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