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A degree that means business (4)

(China Daily)

10:45, November 04, 2011

'Quite valuable'

Eva Li, who is 30 and from Lanzhou, Gansu province, was awarded her MBA in July by Guanghua School of Management at Peking University. She enrolled in 2009 knowing what she needed to learn.

"I tried to run the family business by myself in Lanzhou for six years after I graduated from university in 2003, and I had to face a series of problems on how to deal with employment management and the financial accounts," she said.

Tuition for the two-year program cost 98,000 yuan ($15,400).

"Studying was very tough for me, and I only had about four to five hours' sleep every day, but what I learned was quite valuable compared to the hard work," Li said.

Like many other Chinese MBA students, she was primarily interested in courses involving methods and best practices that can be applied to immediate business needs. "I obtained practical knowledge on leadership and management of the business by taking part in teamwork projects and overseas training opportunities step by step."

Li spent a month in the US, working on business plans with others in an entrepreneurship program at the University of Maryland. Business angels - who provide financial backing for startups - gave guidance and suggestions to the students.

"I chose to study in an MBA course in China instead of going abroad because I wanted to know more successful local entrepreneurs from different industries to expand my network, which definitely will benefit me in the future," she said.

Li plans to open a retail business in Beijing, selling luxury goods, in two years.

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