The Fortune magazine and the Forbes both released a rank of business schools in China in 2005. This is the first time that Forbes conducted a survey independently on business schools in China. It listed the most valuable business schools and the MBA programs with the highest return rate of investment. The standard of ranking is the return of investment over the four years directly following graduation. The range of investigation covers MBA degree giving business schools, and also international joint programs like China Europe International Business School and PKU’s international MBA. Fortune used MBA Education in China in 2005—the Most Valuable Business School as its cover article of the Chinese edition. The sample of the investigation was 15,000 Chinese senior executives, all of whom are readers of the Chinese version of Fortune. The investigations asked questions about the quality, tuition, supervision, and expectations of MBA, EMBA and senior management classes. The respondents also selected the most valuable MBA schools according to their own views.
Effect of business schools on income
According to Forbes 2010 rankings, CEIBS, located in Shanghai(上海) ranked as the best business school. For 2010 graduates, their average annual salary was 230 thousand yuan, and after graduation, this number increased to 380 thousand yuan, an increase of 65.2%. These students on average had 4.9 years of working experience before entering school. Certainly, the tuition is also high, ranking second most expensive out of all the business schools listed.
The business schools that resulted in the largest percentage increase in salary for their students was Peking University’s Guanghua School of Management, and Shanghai Jiaotong University’s Antai School of Economics and Management. In 2009, they both increased the students’ annual salary by 81.8% upon graduation. The program that gave the largest salary increase is the PKU International MBA & EMBA program. It gave students a 160 thousand yuan increase in salary.
In 2010, Guanghua School of Management of PKU , PKU international MBA & EMBA program, and the School of Management of Fudan University topped the most valuable on-the-job MBA program. Changjiang Business School, the CEIBS and the School of Management of Fudan University were the top three in the most valuable EMBA programs list.
Changjiang Business School
Changjiang Business School is sponsored by the Li Ka Shing Foundation and approved by the Chinese Ministry of Education. Founded on November 21, 2002, it will celebrate its 10th birthday this year. It now offers students four business programs: MBA, Financial MBA, EMBA and Education of Senior Management. It also gives full-day English courses. Over 45% of its graduate are granted the opportunity to go to European or American famous business schools to further their study. Now it has three campuses in Beijing(北京), Shanghai(上海), and Guangzhou(广州). In 2007, it started offices in Xi’an(西安) and Chengdu(成都). Changjiang has many celebrities alumni, including Chen Luyu, the famous talk show hostess, Ma Yun, CEO of the Alibaba Group, Niu Gensheng, Chairman of Inner Mongolia Mengniu Diary Co., Ltd, etc. Changjiang is now working to become the best business school in Asia.
Picture Source: CEIBS