[photopress:MBA_ceibs_1_2_3.jpg,full,alignright]Many of China’s top management schools have announced have increased tuition fees for their executive master’s of business administration (EMBA) programs.
This is not a difficult price rise to implement as almost everyone taking an EMBA, as opposed to an MBA, is gainfully employed and, typically, the fees are paid by the employer, not the employee.
Shanghai’s Jiefang Daily reported that the Shanghai-based China Europe International Business School (CEIBS) increased the tuition free of its two-year EMBA program from RMB308,000 ($41,000) to RMB338,000.
Fudan University Management School, also in Shanghai, later announced a 13.4% price increase for its EMBA program. A joint EMBA program between Fudan and the University of Washington went up 19% to RMB435,000 for the 18-month program.
This is still much less expensive than similar programs around the world where prices range from US$60,000 to $120,000.
Zhang Weijiong, provost of the CEIBS, said inflation, indicated by the continuous growth of the consumer price index in the past year, and CEIBS’s pledge to increase salaries of professors contributed to the fees rise.
Zhang Weijiong said, ‘The current round of economic boom, particularly in the private sector, thirstily demands high-end management professionals who are not only trained in western ways but also keen on the Chinese market.’
Business schools at Beijing-based universities have kept up with their Shanghai peers in terms of price increases. The EMBA program at either Beijing University or Qinghua University now cost over RMB330,000.