The Hong Kong University of Science and Technology's Executive MBA program, taught in conjunction with the Kellogg School of Management, Northwestern University, has climbed to world No. 2 spot in this year's Financial Times EMBA global rankings. The position represents a sustained improvement from 6th in 2004 and 9th in 2003.
Appearing alongside it in the world top-ten are six US schools, including Kellogg, two from the UK and one Spanish.
Prof Paul Chu, HKUST President, says: "We are greatly honored and encouraged by such international recognition of our academic achievements. This is further testament to our development as a world academic leader, as envisaged in the University's Strategic Plan 2005-2020."
"HKUST's rankings success is Hong Kong's success. It has been made possible with the support of the wider community as well as the government, and together we shall build Hong Kong into a renowned center for academic excellence."
Prof K C Chan, Dean of HKUST Business School, said: "We are proud of our strong showing in the Financial Times rankings. This is a significant achievement for the School and validates our reputation as a leader in the global Executive MBA field. The program's success reflects the joint vision of HKUST and Kellogg, our commitment to leadership and providing the best educational experience for our students. I would like to thank our faculty and staff. It is their hard work and dedication that keeps the School ahead of the curve."
Prof Steven DeKrey, Associate Dean and Director of the EMBA Program, thanked partner school Kellogg for its support. He said: "It is gratifying that our ability to continuously progress and attract high quality students has made such a positive impact. The tremendous support from the highest levels at both HKUST and Kellogg, the excellent faculty and students, and the professional administrative support, all contributed to the sustained quality of the program."
The program was launched in 1998 as a partnership providing the best executive education that the US and Asia could offer. It consists of 28 courses offered over two weekends a month for 16 months. Half of the courses are taught by HKUST faculty and half by Kellogg faculty.
The Financial Times ranking evaluates EMBA programs by looking at the quality of their alumni, school and program quality, and the research capabilities of faculty. Alumni quality is determined by salary and career advancement on completion of the program, work experience, seniority and feedback on how the program helped them fulfill their aims. School quality is measured by the diversity of 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.
The survey provides a comprehensive reflection on the overall strength of the HKUST Business School and its partnership program with Kellogg. The program scores highly for its international diversity. It is rated No.1 and No.3 respectively for the international composition of its students and faculty. Students' work experience, which takes into account position held, size of company and the number of years spent in each position prior to starting the EMBA, sees the program place No.2 in the world.
The Financial Times EMBA Special Report is on FT.com at www.ft.com/businesseducation.
Financial Times EMBA Rankings - Top 10
|
Rank |
School Name |
Country |
|---|---|---|
|
1. |
University of Pennsylvania: Wharton |
USA |
|
2. |
HKUST |
China |
|
3. |
London Business School |
UK |
|
4. |
Instituto de Empresa |
Spain |
|
5. |
Duke University |
USA |
|
6. |
University of Chicago |
USA |
|
7. |
Columbia Business School |
USA |
|
8. |
Northwestern University: Kellogg |
USA |
|
9. |
New York University: Stern |
USA |
|
10. |
City University: Cass |
UK |
|
... |
||
|
13. |
Ceibs |
China |
|
15. |
Chinese University of Hong Kong |
China |
|
35. |
Australian Graduate School of Management |
Australia |