Western schools leave Beijing
The China Europe International Business School, the University of Maryland’s Robert H. Smith School of Business and the University of International Business and Economics have all suspended or closed their Beijing operations. A BusinessWeek report cited schools’ problems attaining government approval as well as high program costs limiting demand as primary reasons for the changes.
US grad salaries flatten
Starting salaries for US business graduates has leveled off in 2008 after posting robust increases in recent years. Cutbacks in the financial sector and a weakened US economy were blamed. Accounting graduates saw no change in average salary offers of US$47,429, while offers to business administration and management graduates increased just 0.3% from last year, to US$44,195.
UCLA’s case study contest
MBA students from 16 business schools worldwide competed in the UCLA Anderson School of Management’s inaugural business case competition on April 11-12. Teams gave presentations on real-life cases and were judged by 40 experienced business leaders from various fields. The London Business School earned the grand prize of US$25,000.
MBA turns 100
On April 8 1908, the Corporation of Harvard University voted to establish a business school. Eight of the original 33 MBA students finished the two-year course. According to Bloomberg data, more than 500 Harvard Business School alumni now serve as chief executives of major corporations around the world.
Luxury crash course
Shanghai’s Fudan University and Italy’s SDA Bocconi School of Management launched a 15-day specialized course on China’s luxury industry in March. The US$10,500 enrolment fee covers accommodation and the travel costs of the course’s Italian professor. Fudan University first opened a course on luxury management to its MBA and EMBA students in 2005.