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MBA focus: China Dominates The Rise of Asian Business Schools

Are you thinking of taking an MBA programme? Since the FT’s complete Global MBA ranking 2018 was published this week, The Myanmar Times compiled the relevant analysis for our readers.

Stanford snatched the top spot while Insead claimed second place, followed by University of Pennsylvania, Wharton and London Business School. The top 10 schools are listed below:

1    Stanford Graduate School of Business (US)

2    Insead (France/ Singapore)

3    University of Pensylvania: Wharton (US)

4    London Business School (UK)

5    Harvard Business School (US)

6    University of Chicago: Booth (US)

7    Columbia Business School (US)

8    Ceibs (China)

9    MIT: Sloan (US)

10    University of California at Berkeley: Haas (US)

Among the ten top institutions, the US continued to dominate, producing seven winners, while the UK (London Business School) and China (Ceibs) each snatched a position.

Two-year MBA programmes had the upper-hand this year, occupying nine out of the first 10 places. The France and Singapore-based Insead’s one-year MBA is the exception that proves the rule.

The FT ranking is based on surveys of business schools and their graduates. The ranking features the world’s best 100 full-time MBA programmes, with a total of 155 schools taking part this round. The newspaper surveys alumni three years after completing their MBA.

U Wai Yan Paing, Principal at Inspire Business & English Language Centre, told The Myanmar Times that while MBA itself is increasingly popular among students in Myanmar, overseas MBA programmes are still not very popular. Most of the Myanmar students go for courses offered by local private educational institutions which run a partnership with business schools abroad. These include the University of the Thai Chamber of Commerce and Mandalay International University.

“This trend is also gaining traction among business owners as well. Some of them want to expand and grow their business. Hence, investing in an MBA education is seen as a solution,” he explained.

The main reason why overseas programmes are not chosen is that most prospective students have language barrier and they do not want to be away from their business, he went on.

U Ye Tun Min, principal of Mandalay International University, said some Myanmar students pursue MBA abroad because they think foreign degrees are better and also “students prefer native English lecturers”.

“MBA education is absolutely on the rise in this country. Maybe we think that, for Myanmar’s economy to catch up with those of our neighbouring countries, MBA education plays an important role,” he remarked.

Top Asian schools

A record 15 Asian schools are ranked in 2018. For Asian schools, China has largest share of the top 50, while Singapore (excluding Insead), Hong Kong and India share the same number. With the exception of South Korea, which claims rank-51 for Sungkyunkwan University GSB, no other Asian territory boast an institution within the 100 ranked universities. This reflects the leading role the twin cities play as education and commercial hubs, while Chinese institutions are on the rise. The Shanghai-based Ceibs, for example, is back in the top 10 in eighth place, making a significant jump from being the 17th in 2016. Renmin University of China School of Business is also back at 39, up four places from 2016.

This year’s Asian schools within the top 50, apart from Insead, are:

Ceibs (China), number 8

HKUST Business School (Hong Kong), number 14

National University of Singapore Business School (Singapore), number 18

Nanyang Business School (Singapore), number 22

Indian School of Business (India), number 28

Indian Institute of Management Ahmedabad (India), number 31

University of Hong Kong (Hong Kong), number 33

Shanghai Jiao Tong University: Antai China (China), number 34

Indian Institute of Management Bangalore (India), number 35

Remin University of China School of Business (China), number 3

Fudan University School of Management (China), number 42

CUHK Business School (Hong Kong), number 43

Singapore Management University: Lee Kong Chian (Singapore), number 49

Top schools in ASEAN

All ASEAN-based schools in the top 50 are from Singapore. The National University of Singapore Business School has reached a new score, claiming 18th. SMU’s Lee Kong Chian School of Business became the city state’s third ranked institution and the highest new entrant at 49. This is the list:

National University of Singapore Business School (Singapore), number 18

Nanyang Business School (Singapore), number 22

Singapore Management University: Lee Kong Chian (Singapore), number 49

Best in Europe: LBS

London Business School (LBS), located in the British capital, is the top European school, given that the FT considers Insead as being based in both France and Singapore. LBS was ranked the third in 2016, the sixth in 2017 and fourth this year. The organisation has a global reach, with a campus in Dubai and partnerships with Columbia University in the US, the Fudan School of Management in Shanghai and the University of Hong Kong. Last year, LBS came first among graduate business schools, according to the FT’s European Business School ranking.

Best in Asia: Ceibs

Ceibs (the China Europe International Business School) is based in Shanghai and is ranked 8th this year, an improvement from 11 last year, with a 3-year average ranking of 12. This is its return to the top 10 since 2009.

Ceibs is a relatively new institution, co-founded by the Chinese government and the EU in 1994. Nevertheless, the school has featured in the ranking continuously since 2002. The FT noted that HKUST Business School is the only school from Asia to appear more often.

Best in ASEAN: NUS Business School

The National University of Singapore Business School, in the 18th place this year, has been consistently moving up the ranking. This marks a jump of 8 places from last year. In total, Singapore has three schools in the FT ranking.

Top new entrant: SMU’s Lee Kong Chian

Lee Kong Chian School of Business from Singapore Management University (SMU) debuts as the highest new entrant at 49. The other newly ranked MBAs are all from Europe. The entry of Lee Kong Chian comes 18 and 12 years respectively after the National University of Singapore Business School and Nanyang Business School’s debuts. The FT noted that all three schools have very similar levels of gender and international diversity for both faculty and students.

 

Source: The Myanmar Times

 

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