When China first introduced an MBA program in 1991, only 90 students signed up. Last year, an estimated 25,000 enrolled in China’s business schools. Choices are aplenty, with more than 100 such schools in China alone.
Dean Qian Yingyi of Tsinghua University School of Economics and Management in Beijing, believes the number of applicants will only continue to increase. Qian is also a proponent of diversity.
Besides INSEAD, Tsinghua also has multiple partnerships with other top-tier business schools — in particular, MIT for its MBA program, Harvard Business School for Executive Education programmes, and Stanford Graduate School of Business for its student exchange program.
Likewise, Shanghai Jiao Tong University (SJTU) has partnered with MIT for its dual-degree program, China Leaders for Manufacturing (CLFM).
Wang Hua Fang, dean of Antai College of Economics and Management at SJTU, says the programme is a hybrid of the MIT and SJTU models. ‘The CLFM programme takes advantage of MIT’s model and SJTU’s strong engineering and management disciplines to develop unique leaders for the manufacturing industry of China, who can supply expertise to global corporations.’
Insead suggests that is why some of China’s business schools — the top-tier ones at least — have curricula that embrace both Eastern and Western ideals.