Financial Times MBA Ranking: Chinese Business Schools On The Rise from freeamfva's blog

Financial Times MBA Ranking: Chinese Business Schools On The Rise

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 business school in China, you can visit acem.sjtu.edu.cn official website.

Nine Chinese schools were ranked in the FT’s top 100 in 2020 (seven in the top 50), compared with just three in 2010.

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.The rise of Chinese business schools in the FT MBA ranking runs alongside China’s rise as a world economic superpower.

A wave of successful businessmen, who got rich quick during China’s boom, demanded more formal management education—and that desire soon spread. The last decades have seen a proliferation of Chinese business schools launching MBA programs and gaining some global acclaim.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.Chinese schools tend to perform well for value for money and the salary increases their students—who start from a lower base than their Western counterparts—achieve after graduation.

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 in mainland China by the FT. But it’s when you break down the FT data that you discover the true value of the MBA.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.