[photopress:MBA_china_students_1.jpg,full,alignright]In business schools in China the new emphasis on Chinese business reflects the changing priorities of China’s business schools. As the curricula become more relevant to Chinese students, the schools’ reputations are improving, and more local students are choosing to stay home rather than earn degrees abroad.
In an exclusive poll of 253 recruiters from such companies as Huawei, General Electric (GE), and Nokia (NOK), 34% of respondents called the supply of high-quality talent from China’s MBA programs ‘excellent’ or ‘good,’ up from 19% last year, according to BusinessWeek China’s third annual survey of Chinese B-schools.
Mike Wang, human resources manager at Morgan Stanley (MS) in Beijing said the quality of MBAs ‘is becoming better and better.’
This year, companies are hiring more business-school graduates and paying them higher salaries than ever before.
Recruiters offered jobs to an average of nearly five MBAs in 2007, up from fewer than four in 2006, according to the survey.
Some 29% of respondents paid their first-year MBA hires $1,000 or more a month, up from 24% last year.
More than 7% said they paid graduates of top schools more than $2,700 a month, up from 3%.
The survey was conducted for BusinessWeek China by employer branding consultant Universum Communications. Henrik Schmidt, vice-president of Asia-Pacific for Universum, said, ‘There is a significant improvement in the perception of Chinese MBA students.’
Business education in China has come a long way.
The first MBA programs at nine Chinese universities started accepting students only 16 years ago.
Today, 96 universities offer more than 230 MBA and executive MBA programs.
Next year the government plans to increase MBA enrollment by 24% and accredit an additional 30 or so universities.