The Hong Kong University of Science and Technology's School of Business and Management (HKUST Business School) today announced that its joint Executive MBA program with the Kellogg School of Management of Northwestern University, US, was ranked No. 9 in the world by the Financial Times of London.
The Kellogg-HKUST EMBA Program, based in Hong Kong on the HKUST campus, was launched in 1998 as a partnership program to provide the best executive education that the US and Asia could offer. The program consists of 28 courses offered over two weekends a month for 16 months. Half of the courses are taught by the Kellogg faculty and half by the HKUST faculty.
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The program has a history of five years and this is the first time it has appeared in any ranking. The Financial Times describes it as the "highest ranked new school, at number nine in the table". Together on the top-ten list with the Kellogg-HKUST EMBA Program are Kellogg and six other US programs, and one program each from the UK and Spain.
The Financial Times ranking evaluated the EMBA programs by looking at the quality of their alumni, school and program quality, and the research capabilities of faculty. The alumni quality is determined by their salary and career advancements after the completion of the program, their work experience, seniority and their feedback on whether the program that they attended helped them fulfill their aims. The school quality is measured by the diversity of its faculty, students and advisors, the global nature of the program and the proportion of faculty with PhD degrees. The research ranking is determined by the scholarly output of faculty in top academic journals.
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The comprehensive survey provided a fair reflection on the overall strength of the HKUST Business School and its partnership program with Kellogg. Both emphasize recruiting and retaining excellent faculty. It reflected well on the international diversity of the Kellogg-HKUST EMBA program in particular in terms of the composition of its students and faculty, which are rated No. 1 and No. 2 respectively in the world in this ranking. It also favored the partnership program, which caters for senior and experienced executives.
HKUST President Paul Chu congratulated the Business School on achieving world status with the unique partnership program. "In the global village the ability to build the right alliance and leverage on the partnership is the key to success. The Business School, with its vision and determination, set the standard for high-end executive education by bringing in a world-class partner, Kellogg, to the region five years ago. Its successful debut on this world ranking says much about the commitment made by both schools, the high quality of the program, its participants, its faculty and the administrators."
Dean K.C. Chan of HKUST Business School said, "It is our on-going aspiration to offer business education of the highest quality to our students. We believe that as an international city, it is befitting that Hong Kong should be a hub of high quality business education in the region too. This ranking is encouraging and it confirms our belief and direction in building the School and its programs. I want to thank the Founding Dean Yuk-Shee Chan, for his vision in launching the Kellogg-HKUST program and the Founding Director of the program Steve DeKrey for his dedication in continually improving the program."
Founding Program Director Steve DeKrey thanked partner school Kellogg for its support of the program at all levels. "Being an alumnus and former assistant dean at Kellogg, it gives me double pleasure in seeing through the development of the program. The tremendous support from the highest levels from both HKUST and Kellogg, the excellent faculty and students, and the professional administrative support, all contributed to the sustained quality of the program," said Prof. DeKrey.
This is the third EMBA survey conducted by the Financial Times, which also publishes annual global rankings on full-time MBA programs and executive education. Its Executive MBA ranking this year includes 75 schools. Among them 42 are US schools, 21 are from Europe, 5 from Canada, 3 from China and one each from Argentina, Australia, Israel and Mexico.
The Financial Times EMBA Special Report is on FT.com at www.ft.com/businesseducation.
Financial Times EMBA 2003 - The Top 10
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1. |
University of Pennsylvania: Wharton |
USA |
|
2 |
University of Chicago GSB |
USA/Spain/Singapore |
|
3. |
Duke University: Fuqua |
USA |
|
4. |
Columbia Business School |
USA |
|
5. |
New York University: Stern |
USA |
|
6. |
London Business School |
UK |
|
7. |
Northwestern University: Kellogg |
USA |
|
8. |
Instituto de Empresa |
Spain |
|
9. |
Hong Kong University of Science and |
China |
|
10. |
Emory University: Goizueta |
USA |
|
... |
||
|
20. |
Chinese University of Hong Kong |
China |
|
24. |
Australian Graduate School of Management |
Australia |
|
34. |
Ceibs |
China |