EMBA (Executive MBAs) education is a relatively new term for most Chinese people. Since CEIBS (China Europe International Business School) had its first class of students in Shanghai(上海) in 1995, the EMBA education in China has experienced a period of rapid development. In 2002, The Ministry of Education of China formally approved about 30 universities and colleges to create EMBA programs, providing a big opportunity for China’s development of business schools and China’s improvement in enterprise administration.
EMBAs in China: results of an disinterested survey
Based on a survey carried out by research institutions, the age groups and their respective percentages of China’s EMBA students are as follows: less than 34 (22%), 35-39(37%), 40-44(22%) and over 45(19%). The annual income of the EMBA students are distributed as follows: less than 500 thousand yuan(46%), 500 thousand yuan to 1 million yuan(33%) and over 1 million yuan(21%).
In the minds of the public, the three most important reasons why business people want to take EMBA courses are: to expand their interpersonal relations network, to improve one’s personal career, and to learn administration knowledge. However, many EMBA students fail to achieve all of these goals even after completion of their courses. Thus, most EMBA students in China place the most emphasis on the courses’ ability to teach them how to succeed in business.
When asked why people are not interested in EMBA education, most respondents rank high tuition as the main reason. A shortage of free time is the second reason, and a lack of practicality ranked third. Thus, EMBA programs are best suited for private business people.
According to EMBA graduates, the value of this education experience is reflected in the following aspects: the setting up of a knowledge system; gaining knowledge in different industries; the changes in value and attitudes of living; the turn of attention into a worldwide scale; the expansion of social relationships; the building of friendships; the formation of new hobbies.
The top ten business schools in China are, on a comprehensive scale reported by the respondents, CEIBS, the Guanghua Management School of Peking University, Changjiang Business School, School of Economics and Management of Tsinghua University, and BiEMBA.
EMBAs in China: achivements
In The Financial Times Business School Rankings for 2012, Tsinghua-INSEAD Dual Degree Executive MBA Program, for short TIEMBA, which joined the ranking for the first time, ranked fourth in the world, and first in China. The Financial Times Business School Rankings is the world’s most publicly acknowledged and most standardized ranking.
In addition, there were three programs from Fudan University that entered the world’s top 100 list. Out of these three programs, the EMBA program that is administered completely in Chinese, ranked 35th, and the 1st in the world’s programs given in Chinese.