The Financial Times Global MBA Ranking 2020 saw Harvard Business School
named the best in the world for the sixth time in the FT ranking’s
21-year history. But it’s the rise of business schools in China which
has been the most noticeable change over the past decade.To get more
news about
MBA college in China, you can visit acem.sjtu.edu.cn official website.
US
schools still dominate the ranking, with 51 of the top 100 from the
United States, the birthplace of the MBA degree. But, together with the
UK, China is now home to the most FT-ranked schools after the US. Nine
Chinese schools were ranked in the FT’s top 100 in 2020 (seven in the
top 50), compared with just three in 2010.
Chinese Schools Climb the Rankings
The
rise of Chinese business schools in the FT MBA ranking runs alongside
China’s rise as a world economic superpower. The strong performance of
Chinese schools in the FT MBA ranking can be explained, in part, by the
ranking’s methodology.
The FT places a strong emphasis on jobs
data: placement rates and average salaries three years after graduation.
It also takes into account measures like career progression, value for
money and the diversity of the MBA class.
Take, for example, the
MBA at Shanghai Jiao Tong University’s Antai College of Economics and
Management, one of the oldest and most prestigious schools in China.
Antai is ranked the 37th best business school in the world and third on
the Chinese mainland by the FT. But it’s when you break down the FT data
that you discover the true value of the MBA.
Antai boasts a 100%
employment rate, meaning every MBA student surveyed by the FT got a job
after graduation. That’s more than any other Western or Chinese
mainland school. The school says most students go on to work in the
financial services, manufacturing and technology industries.
MBA
graduates from Antai can expect a huge 201% average increase on their
salaries from when they entered the program – the third highest globally
– with graduates enjoying a potential average salary of over USD130,000
three years after graduation.
Accordingly, Antai is ranked 13th
in the world and second in China for value for money by the FT, which
takes into account the program’s tuition fees. While business schools in
the US charge upwards of USD100,000 for their MBA programs, schools in
China tend to be more affordable. Antai charges USD44,000 for its
two-year MBA program.
Only perhaps the need to be accredited by
AACSB or EQUIS – a lengthy process and a pre-requisite for entry into
the FT ranking – has stopped more Chinese schools climbing the FT
rankings in recent years.Real Value of an MBA in China
While you can
get a new job and a higher salary out of most MBA programs, studying an
MBA in China offers something that schools in the US and Europe can’t:
Direct access to the world’s fastest-growing economy.
In China,
students get access to a changing business environment, where schools
focus chiefly on technology and entrepreneurship, and, with Chinese
business society’s strong reliance on personal relationships, where
building a network during your MBA really matters.
Doing an MBA
in China is a way for professionals to get their feet in the door of
Chinese firms. Antai, for example, is partnered with organizations like
Ant Financial, the world-leading financial technology company, and the
Bank of China.
MBA students at the school get to network with
senior executives and attend major events like the Antai Symphony
summit, where business leaders discuss the latest developments in
fintech and mobile payments.
As the Chinese government invests
abroad and Chinese companies like Alibaba and Huawei become global
behemoths, knowledge of China has also become importance wherever you
work. While Chinese business schools have traditionally struggled to
attract international students, they are growing increasingly
diverse.According to the Graduate Management Admission Council (GMAC),
41% of MBA programs in China saw growth in international applications in
2019, with a further 23% reporting stable international applications.
Antai
is the school with the most international MBA students in mainland
China (43% of the MBA class), according to the FT. Chinese schools also
have a strong representation of women on their MBA programs; 51% of MBA
students at Antai are women and 35% of faculty are women.