Rady School Dean Robert S. Sullivan

The MBA program at the Rady School of Management at the University of California in San Diego (UCSD) was designed with focus on innovation.

As a result, the program has attracted many scientists and doctors from China, who want to learn how to move from medical and scientific roles into business.

Rady School Dean Robert S. Sullivan said, ‘Many Rady MBAs already hold Ph.D.s, M.D.s and other advanced degrees. Of the 33% of students with advanced degrees, many of them have come from China
to the Rady School to improve their ability to
work in a global business environment.’

The school’s lineage includes 16 Nobel Laureates (former and current faculty) and eight MacArthur Foundation award recipients.
Source: China Daily

Chinese students

Chinese students are enrolling in U.S. universities in record numbers, encouraged by aggressive recruiting combined with China’s booming economy and growing middle class.

According to Institute of International Education figures their enrollment grew by 8% in the fall of 2006 and by 20% last year,

Individual universities surveyed are also reporting high growth this year.

A snapshot survey the institute did of campuses this fall found that 55% reported increases in students from China, the most from any country.

Kansas State provost Duane Nellis said, ‘There is a whole emerging middle class of Chinese, well over 300 million, many of them with one-child families who are interested in sending their son or daughter abroad with higher educational experience. We’re trying to capitalize on that and also enrich our campus community.’

The number of Americans studying abroad is also at a record high, the Institute of International Education reports, increasing 8% to 242,000 in 2006-2007 — the latest year figures are available.
More HERE.
Source: International Herald Tribune

MBA rush worldwide

The perhaps overly-dramatic headline comes from the original Bloomberg item and refers, primarily to institutions in the United States although there is an universal application especially in China. The story starts in the same dramatic fashion: Refugees from the worst financial crisis since the Depression are stampeding the gates of the top graduate schools for business, swelling an already huge crowd.

China’s currency has gained more than 6% against the dollar this year. That makes the cost of attending a U.S. school lower than otherwise, said Peter von Loesecke, chief executive officer of the MBA Tour. The Concord, Massachusetts, company arranges recruiting events to link prospective students and the schools.

‘The decline of the dollar has a significant effect,’and attendance has grown 40% in China in events arranged by the company.

In the United States the Massachusetts Institute of Technology, Georgetown University, Dartmouth College and the University of Michigan say increased requests for tours and interviews herald the busiest year ever for their business schools. Registrations for the Graduate Management Admission Test, used to help winnow candidates, have risen 12% this year, to 223,159, sure to beat the record set in the recession year 2001.

David Wilson, president of the Graduate Management Admission Council, the McLean, Virginia-based publisher of the GMAT, used by 1,800 institutions said surges in applications are as cyclical as the economy.

A September study for the council found that the last four U.S. economic contractions recognized by the National Bureau of Economic Research, a nonprofit organization in Cambridge, Massachusetts, corresponded with rises in applicants. Those events occurred in 1980, 1981-1982, 1990-1991, and 2001.

The boom in applications should, perhaps, be compared with the cost of attending.

Top business schools, including those at Harvard in Cambridge, Massachusetts, and at the University of Pennsylvania in Philadelphia, already charge more than $100,000 in tuition and fees for two years of classes. Room-and-board will swell the total cost to as much as $160,000.
Read more HERE.
Source: Blooomberg

View of the University of Wisconsin Eau Claire

At the University of Wisconsin Eau Claire Hongbing Peng, a visiting scholar from Jinan University in China and colleague Yongzhong Deng gave a presentation designed to give both students and faculty a chance to understand Chinese history, as well as its present culture.

Throughout the presentation, Hongbing Deng stressed the importance of learning languages and being exposed to other cultures.

Deng said, ‘If you only know your own culture and language, you are kept in a prison.’

Hongbing Peng said that schools might lack diversity so it is important for students to take the initiative to educate themselves about China, as well as other cultures.

Hongbing Peng said, ‘Students upon graduation might travel or do business in China, opening their eyes and understanding the culture is important.’

The University of Wisconsin Eau Claire has had a relationship with Chinese higher education institutions such as Jinan University for more than two decades. Eau Claire is also in collaboration with the Chinese
1+2+1 Partnership Program, a program designed for Chinese students to receive a bachelor’s degree from University Wisconsin-Eau Claire and their institution in China.
Source: The Spectator Wisconsin

HEC Paris

HEC Paris in Europe and Tsinghua School of Economics and Management in China have joined forces to conduct an in-depth investigation of Chinese companies’ internationalization process during the last twenty years.

The HEC-Tsinghua research project on ‘Chinese Multinationals’ took three years for twelve experts from both schools to collect the data in China and in Europe from twenty leading Chinese companies. These companies are operating in a variety of economic sectors.

Professor Quian Yingyi, Dean Tsinghua School of Economics and Professor Jean-Paul Larçon, Senior Associate Dean HEC Paris have presented the results of this research at the Shanghai Management Development Week.

Tsinghua School of Economics and Management

The book, Chinese Multinationals, just published by World Scientific Publishing, examines in detail the extraordinary saga of Chinese well known national and international champions such as: Baosteel, Bird, Haier, Hisense, Huawei Technologies, Lenovo, Nuchtech (Tsinghua Tongfan), Petrochina, TCL Multimedia, Tsingtao Brewery, Wahaha, and Wanxiang.

The book, which includes a foreword by Liu Chuanzhi, Chairman of
Lenovo, provides a comprehensive overview of their international
marketing strategy, branding policy, acquisitions abroad, technology-based strategies, international organization, and international human resource management.
Title: Chinese Multinationals, J-P Larçon (Ed.), World Scientific Publishing Company (2008)

Nigel Bannister

Nigel Banister is the chief executive officer of Manchester Business School (MBS) which is  part of University of Manchester.

MBS, ranked the fourth best business school in the UK by a Financial Times survey, has a center in Shanghai with around 300 students.

Meanwhile, back in Manchester (which claims to be the largest university city in Europe), MBS has more than 2,000 Asian graduates, representing about 20% of the total, with most Asian students coming from China.

Nigel Banister said, ‘We could expect more applications for courses while business managers will not find it so easy to give good performance during this difficult time. We’ll need more creative solutions to the problems.’

He said the global crisis as triggered by the US financial meltdown could lead to a shifting of global economic power towards Asia, especially China.

International business partnerships might undergo drastic ownership and other changes as a consequence of this crisis.

In addition, the markets might also change drastically, with the rise of middle-class consumers in China being the new engine of world economic growth.
Source: The Nation Thailand

ChinaCast Education Corporation is an e-learning and private-education specialist that provides Internet-based and conventional training services to universities, trade schools, corporations and government agencies.

ChinaCast specializes in interactive distance learning, multimedia education content, online educational portals, language training and information technology management and certification courses.

Following in the footsteps of Beijing-based educational services New Oriental Education & Technology, which provides traditional and online learning programs, ChinaCast hopes to mimic the success of U.S. companies such as DeVry, ITT Educational Services, and Corinthian Colleges.

Previously listed on the Singapore Exchange, ChinaCast has now made its American debut.

Its third-quarter results: total revenues came in at RMB46 million ($6.1 million), a 25% year-over-year increase. Service revenues, which are typically recurring in nature, totaled RMB38 million (US$5.1 million), a 16% rise from the same period in 2006.

Equipment sales rose 91% year-over-year to RMB8 million (US$1.1 million). Net income rose 66% to $2.2 million.

ChinaCast expects fiscal 2007 revenue to be in the range of RMB187.5 million (US$25 million) to RMB195 (US$26 million) and its net income, excluding share-based compensation expenses, to be in the range of RMB52.5 million (US$7.0 million) to RMB56.3 million (US$7.5 million).

Much more HERE.
Source: Small Cap Investor

China is emerging as an ever popular destination for overseas students, with numbers steadily rising over the past few years.

According to research conducted by the China Association of Science and Technology, China now ranks sixth in the world’s overseas study market. Western countries such as the United States, Britain and Australia remain the most popular destinations for international students.

As one of the top higher education institutes in China, Beijing’s Tsing Hua University is popular among overseas students.

Wu Yunxin is the director of the overseas student office. He said, ‘Tsing Hua University has accepted more and more students in recent years. We are seeing great increases in the number of overseas students, with those coming to pursue a degree increasing the fastest.’

According to statistics, a total of 195,000 students from 188 countries and regions came to study at more than 500 Chinese universities, colleges and research institutes in 2007. This compares with 141,000 students from 179 countries and regions in 2005. Around Tsing Hua’s campus, Wu Yunxin says people can now see students from every corner of the globe.
More HERE.
Source: China Daily

Irish minister for Education and Science Batt O’Keeffe will initially lead the delegation currently in China on a trade and diplomatic mission. This after Taoiseach — Gaelic for Prime Minister —  Brian Cowen postponed his participation for a few days.

A large number of senior education figures form part of the Government trade mission to China as efforts intensify to recruit international students to Ireland.

The delegation includes two university presidents; four institute of technology presidents; four university deputy or vice-presidents; and senior representatives of five other universities or institutes.

A large number of private sector institutions are also represented on the trip.
Batt O’Keeffe said last night that international students deliver over €830 million per year to the economy. In all, there are over 3,500 Chinese students in Irish higher education institutions.
Source: Irish Times

The number of students starting full-time undergraduate courses in UK universities this year rose 9.7%. That is 582,6576. And the majority of full-time undergraduate students are under the age of 20.

Not all came from the UK.

Students from China rose by 22.3% - by far the largest overseas contingent at 5,969 students.

The largest number of students have opted to study law, but courses offering combinations of subjects are still proving popular — most are up by over 40%, with animal science numbers up 52.2%.

The higher education minister, David Lammy, said the figures showed a strong increase in the number of acceptances into universities and higher education in England.
He said ‘We are well on track to meet our target of 100,000 enrolments by 2010.’
Source: The Guardian.co.uk