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People's Daily Online>>China Business

Multinationals keen to recruit Chinese execs

By He Wei  (China Daily)

14:32, February 01, 2012

SHANGHAI - Multinational corporations (MNCs) have shown growing enthusiasm in recruiting China-educated business professionals to compensate for the reduction of workforces in developed markets.

As the importance of China as a revenue-generator becomes more evident, Chinese business schools no longer serve as sources for recruiting only in China but also for MNCs' global leadership programs, said John Quelch, dean of China Europe International Business School (CEIBS).

"The upcoming two years are likely to witness growing numbers of Fortune 500 companies to have Chinese-born global chief executive officers (CEOs)," Quelch, who served as associate dean of the Harvard Business School, predicted.

Despite the global economic downturn, demand for talented people from the financial services industry remains stable in China, whereas high-tech industries such as information technology and healthcare are quickly gaining momentum, Quelch said, based on the latest recruitment records of the school.

CEIBS has been ranked the top business school in China by Bloomberg Business Week for 2011-2012, retaining the top spot held since the last survey in 2007. It topped the list when recruiters were asked which school's MBA graduates they would hire.

Since last July, 267 enterprises have presented job postings for CEIBS fresh graduates through campus talks or recruitment fairs, a number that significantly outperformed last year. Nearly 50 percent of the students got job offers before the Spring Festival, doubling the figure last year.

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