Pg182-183 MBAS8 RFAsia V6 18/2/08 17:38 Page 2
Business School Review
Asia
Despite the 2002-3 downturn in MBA salaries, recent years have seen a significant upswing in the number
of business schools offering places, in worldwide MBA salaries and in job availability for MBA graduates.
By Ross Geraghty
local students as well as offering a rigorous,
accredited and competitive business education for
overseas MBAs. The presence of INSEAD in
Singapore has stimulated a trend of foreign
schools opening campuses in Asia, and leads to a
stream of schools following that lead. The UK’s
University of Nottingham and Monash University
from Australia now have campuses in Malaysia
that offer exactly the same accredited courses but
at a fraction of the cost (sometimes 30% of the fees
in the home countries).
Asia’s relative cost-effectiveness is a key
benefit for international students interested in
improving their marketability with a rounded
approach to international business. The opportu-
nity to steep themselves in a culture very different
to their own, in many cases, to learn another
business mindset and to pick up some fluency in
an Asian language is also extremely beneficial. As
Shanghai skyline
leading recruiters such as Sej Butler, Recruitment
owhere is the pressure felt greater than in Director of IBM in Europe, say, “a second
N
Asia. With its booming population and, in language is not essential but is very beneficial.
many cases, booming economies, We are looking for people not only with good
the Asian market is rapidly meeting its destiny qualifications but also a well-rounded approach
as the most important to business.” Where better to pick
in the world. China
“Asia’s relative cost-effectiveness
up such knowledge than in the
and India dominate those world’s most rapidly changing
proceedings, but along-
is a key benefit for international
region?
side famous examples like
students interested in
Biren Patel, Director of the
Hong Kong, Singapore QS World MBA Tour in India,
and Japan, other nations
improving their marketability”
says, “With the expansion of the
such as Malaysia and middle classes in India and
South Korea are creating a need for international China, as well as other countries in the region, the
quality MBAs of their own. Developed and modern, need for educated business leaders has never been
Asian business schools are beginning to provide for greater. The Asian economies growing at double
182 THE MBA CAREER GUIDE www.topmba.com
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