It is a popularity for foreign students to study MBA programme in China. What made them to do so? What are the advantages to study business school in China?
It is a popularity for foreign students to study MBA programme in China. What made them to do so? What are the advantages to study business school in China?
To young entrepreneurs, embarking on an MBA is one way to explore and exploit the fast-paced economic environment of China, especially when it has become imperative to find guidance in understanding such an uncertain environment. But how does an MBA graduate know his or her worth on graduation? What is the return on investment of an MBA?
Graduates have commented that social networks built on the courses have been most valuable, sometimes inspiring them to take on entrepreneurial projects they previously thought as too risky. These courses are often used to negotiate business deals, hire talent, and even form new companies.
Salary increases is one of the tempting reason, as the return can be harvested three to five years after graduation. Hong Kong University of Science and Technology (HKUST) was a local business school to make the Financial Times' most recent list of the world's top 100 MBA programmes, their graduates averaged a relatively modest 85% salary increase. The MBA programme at the China-European Institute of Business in Shanghai averaged graduate salary increases of 154%.
Earning an MBA in the West used to have its prestige, but now Chinese students prefer to study close to home because it avoids an unnecessary career-break during which they could lose sight of the Chinese business environment and their business contacts.
This is not only a trend in China, but also in the West. A few years ago, the majority of Westerners would not have considered an MBA in China, but now they are flocking in the tens of thousands to get a place in a Chinese business school.