Asia-Pacific Business Schools Compete for Top Talent
Demand for business schools in Asia is on the rise. Places like China, Hong Kong, India and Singapore are attracting top talent to their MBA programs. In a Forbes article, "The M.B.A.'s New Dawn," contributor Matt Symonds speculates about what this means for business education.
"The balance of world economic power is shifting east, and the potential impact on business education is huge," Symonds writes.
Burgeoning economy, affordable tuition
Based on data from the Graduate Management Admissions Council and business school rankings from media outlets like the Financial Times, Symonds claims that the Asian MBA is poised to compete on the world's stage with the likes of Harvard and Wharton business schools. This new demand for Asian business schools is driven by factors such as rapidly growing economies and more affordable tuition costs than available at schools in the U.S.
"We have seen more multinational corporations setting up their regional headquarters in Asia, and in the process, the need for talents have risen accordingly in Asia as well," Lim Yue Wen, the National University of Singapore's Director of Graduate Studies, is quoted as saying in the piece. "Thus, it is not surprising that students will want to be in Asia, where the action is."
However, there are still areas where Asian business schools have work to do, such as through better brand recognition and greater influence by alumni networks, Symonds notes.
