The School of Business and Management of the Hong Kong University of Science and Technology (HKUST) today announces that its full-time Master of Business Administration (MBA) is ranked No.44 in the world, its highest position since joining the Financial Times (FT) MBA rankings in 2000.
The School has moved up 25 positions in the 2005 MBA rankings. It places 20th in the world for its research strength and, for the fifth consecutive year, ranks first for the international experience its MBA offers. The program also achieves an impressive eighth place for the career progress of its graduates - gauged by assessing the degree to which alumni attain seniority in relation to the size of company in which they are employed.
HKUST President, Prof Paul Chu, says of the announcement: "The FT's 2005 MBA rankings represent the latest in a string of rankings successes achieved by the University. The Business School's sustained accomplishments complement those of our Schools of Engineering and Science - which are also ranked among the world's top 50 in their fields - and demonstrate the value of HKUST's efforts to achieve the very highest international standards in teaching and research."
Prof K C Chan, Dean of the Business School, adds, "We are very pleased that the significant improvements we have made have been recognized in this way. We are proud of the quality and diversity of our program. It is especially gratifying to see that our faculty's research has consistently received such a high rating."
Prof Steven DeKrey, HKUST MBA Program Director, says, "We are delighted by our continued rise in the FT rankings. It is also a pleasure to see that we are doing well in the area of alumni career progress. This confirms that our ceaseless efforts to attract high quality students and strengthen our placement services have been very effective."
The FT rankings are based on surveys sent to the School and alumni, and an independent assessment of research. Assessment criteria comprise three broad dimensions: alumni career development and purchasing power, the diversity of the School and its program, and the School's research capabilities. This year, 127 schools were eligible for entry into the rankings, with only 100 making the final list.
Financial Times MBA 2005 Survey website: