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5,000 MBA Graduates Trained in China
China has churned out some 5,000 MBA (masters of business administration) graduates during the past decade, the Beijing-based national newspaper China Daily reported Monday.
Put on trial in early 1980s, MBA Program was formally introduced in China in 1990, when 86 candidates were enrolled into nine authorized universities.
Nine years later, China already has 4,988 MBA graduates from 56 business schools which are scattering in its 19 provinces and municipalities, .
"MBAs are now big business," the paper said, proving the argument with the fact that 35,416 university graduates with a minimum of two years' work experience will sit for this year's MBA entrance examination and about 12,000 will be enrolled.
In tandem with the national training program for business leaders of State-owned enterprises, China kicked off the executive MBA (EMBA) system in 1997. Latest statistics show that China had 6,178 EMBA students by the end of 1998.
MBA degree holders are generally properly treated in the country. 78.5 percent of them have been promoted and 33 percent have become top business leaders. And 75 percent of them said they are satisfactory with their current positions.
To further develop MBA program, the MBA Committee has mapped out several regulations to standardize the MBA education around the country and a quaternary check-up system will be set up.
Viewing a faculty of both rich teaching and practice experience as the key to MBA education, China has set its mind to improving the quality of teachers. From 1995 to 1997 a nationwide training program covering all MBA courses was given to MBA teachers.
Many MBA-offering schools have teamed up with foreign counterparts to improve their teaching standards and to gear their education with international practice.
Up to now, more than 10 business schools have their own joint MBA programs and offer diplomas from foreign educational institutions.
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