[photopress:MBAchina_mba_guide_2008_cover.jpg,full,alignright]When Jessica Zhu, an official in the Chinese Ministry of Education, was given the opportunity to study for a Masters abroad, she jumped at the chance to do an MBA in the UK.
‘I wanted to do an MBA to build a more solid foundation for my future career.’
She believes it’s important that Chinese managers gain international business qualifications in order to compete effectively in world markets.
That is not a view confined to China.
World-wide, but especially in the United States a slightly rocky economy means more executives are heading back to business school — even if their companies won’t pay for it. 2007 applications to EMBA programs were up by 25% from 2005.
EMBA programs take an average of 20 months to complete, scheduled so that students can continue working; schedules vary widely, from two days every other week, to one day a week, to multiple days across a month, among other variations.
Typically some work is done remotely and some in the classroom. Students average about eight years of managerial experience before embarking on an EMBA.
On average companies gain a return on their investment within an average of 23 months, and students who fund their own studies see a return in 45 months.