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The Financial Times Global MBA Ranking 2020 saw Harvard Business School named the best in the world for the sixth time in the FT ranking's 21-year history. But it's the rise of business schools in China which has been the most noticeable change over the past decade.To get more news about Shanghai mba, you can visit acem.sjtu.edu.cn official website.
Nine Chinese schools were ranked in the FT's top 100 in 2020 (seven in the top 50), compared with just three in 2010.
US schools still dominate the ranking, with 51 of the top 100 from the United States, the birthplace of the MBA degree. But, together with the UK, China is now home to the most FT-ranked schools after the US.
Chinese schools climb the rankings
The rise of Chinese business schools in the FT MBA ranking runs alongside China's rise as a world economic superpower.
A wave of successful businessmen, who got rich quick during China's boom, demanded more formal management education-and that desire soon spread. The last decades have seen a proliferation of Chinese business schools launching MBA programs and gaining some global acclaim.
The strong performance of Chinese schools in the FT MBA ranking can be explained, in part, by the ranking's methodology.
The FT places a strong emphasis on jobs data: placement rates and average salaries three years after graduation. It also takes into account measures like career progression, value for money, and the diversity of the MBA class.
Chinese schools tend to perform well for value for money and the salary increases their students-who start from a lower base than their Western counterparts-achieve after graduation.
Take, for example, the MBA at Shanghai Jiao Tong University's Antai College of Economics and Management, one of the oldest and most prestigious schools in China. Antai is ranked the 37th best business school in the world and third in mainland China by the FT. But it's when you break down the FT data that you discover the true value of the MBA.
While you can get a new job and a higher salary out of most MBA programs, studying an MBA in China offers something that schools in the US and Europe can't: Direct access to the world's fastest-growing economy.
In China, students get access to a changing business environment, where schools focus chiefly on technology and entrepreneurship, and, with Chinese business society's strong reliance on personal relationships, where building a network during your MBA really matters.
Doing an MBA in China is a way for professionals to get their feet in the door of Chinese firms. Antai, for example, is partnered with organizations like Ant Financial, the world-leading financial technology company, and the Bank of China.
MBA students at the school get to network with senior executives and attend major events like the Antai Symphony summit, where business leaders discuss the latest developments in fintech and mobile payments.
As the Chinese government invests abroad and Chinese companies like Alibaba and Huawei become global behemoths, knowledge of China has also become importance wherever you work. While Chinese business schools have traditionally struggled to attract international students, they are growing increasingly diverse.
According to the Graduate Management Admission Council (GMAC), 41% of MBA programs in China saw growth in international applications in 2019, with a further 23% reporting stable international applications.
The novel coronavirus swept across China around January 20, with the Chinese New Year celebration underway. By late March, as U.S. schools were just beginning to shut down, Chinese schools had already been closed for about 10 weeks-and some were beginning to reopen.To get more news about China business school, you can visit acem.sjtu.edu.cn official website.
The education sector was squarely in the middle of China's fight against COVID and the after effects continue to be felt: In early April, the government announced it would delay important exams, including the gaokao, the university entrance exam in China.
In a webinar recently hosted by EdSurge, with support from school networking platform ClassIn, Chinese school leaders shared their insights and lessons learned. Based on that dialogue, as well as other research (including this guide developed by Beijing Normal University and UNESCO), we've pulled together some early lessons learned from China's experience.
Because of the very close relationship between the Chinese government and industry, China took some unique actions. Even so, here are some observations about what Chinese educators discovered as they tried to keep learning going remotely.
1. The Government's Role: Decisive, Sweeping Policy Changes
Few countries have central governments that literally call the shots for the private sector. China does. Since January, officials made many big decisions about when schools and education companies would open or close, and what resources were available to support learning.
China's Ministry of Education (MOE) issued school closure policies for the entire country between January 20 and February 8, affecting China's 278 million students across primary and postsecondary grades. Wuhan, the epicenter of the epidemic, was locked down on January 23. Tutoring centers and daycares closed. The central government suggested K-12 and higher-ed delay starting the new semester and postpone any regional and national exams.
But along with shutting down bricks and mortar schools, China also beefed up two existing virtual ones. One platform, Empower Learning, was built by the government, in collaboration with China's seven largest edtech companies, offering digital K-12 curriculum. The platform provides live streaming courses that students can tap into from their phone or computer at home. The MOE also created its own site: Educloud. This site features videos, teaching plans and communities of the best teachers' lessons recorded over the past eight years.
Although both platforms existed before the COVID crisis to provide free online learning resources to students, they added scheduling tools to help educators select and share materials with students and widely circulated them to the public once the schools closed.
After February 8, the MOE worked with provincial education departments to pick dates for reopening schools. Although not all schools opened at the same time, the government sent clear signals about changes. In addition, in late March, the MOE announced it would delay the university entrance exam, the gaokao, for a month.
Despite only four British independent schools opening in China in 2019, a new report from Beijing-based consultancy Venture Education is predicting that the next few years will be "extremely positive for UK schools and investors" in the country, with the opening of 16 new school campuses planned for 2020 alone.To get more news about China business school, you can visit acem.sjtu.edu.cn official website.
Some 17 British independent schools currently run 36 schools in the country. The oldest, Dulwich College Shanghai Pudong, opened in 2003. Unlike many of the earlier schools, which were geared towards the children of expats, newer ones are aiming to tap into the lucrative Chinese market.
"The amount of expats and foreigners in China is falling and companies are hiring locally so there's just not the demand anymore," Venture Education's Julian Fisher told The PIE News.
There are two types of "international schools" in China, according to Fisher.
He explained that the market for those that can only take on foreign passport holders has been struggling as "a sense in the market that tightening regulations, new laws to comply with and the potential of new laws and regulations around foreign staff, pricing and admissions have slowed growth and presented new challenges".
"China's one-child policy means it's not just the parents but it's also the grandparents that are paying towards education.
"10 years ago, the people applying to these sorts of schools were high net worth individuals and very wealthy, but I think that's shifting, especially in third and fourth-tier cities," he added.By 2022, it is expected that Harrow will have 11 schools in China, Dulwich College will have eight, Wellington College six and Hurtwood House four, with 15 more schools planning to enter the China market for the first time over the next few years.
Surprisingly, however, there are no new schools slated to open in Shanghai and Beijing in the next two years.
Instead, schools are eyeing areas like the Greater Bay Area in south China, whose Guangdong province is expected to have the highest concentration of British independent schools by 2022 with 13.
Lower-tier cities and the country's central areas are also in the spotlight, with Sichuan province getting three new schools this year.
This attempt to break into China's interior has been seen across many industries, as Fisher explains: "it's really just a numbers game in China."
While cities in these regions are considered small by Chinese standards, they can still have a population of millions.We will be opening fine more campuses in September 2020 in Haikou, Shenzhen, Zhuhai, Chongqing and Nanning," said Harrow Beijing director Shelley Zhao.
According to Zhao, Harrow ILA schools plan to create Belt and Road Education Scholarships to allow students in Belt and Road countries to receive education in
China.
"Through education, we can tell the Chinese story, achieving the Chinese government's vision of ‘facing the whole country and marching towards the other parts of the world'," she added.
Most British independent schools in China teach IGCSEs and A-Levels or the IB, meaning that students will effectively be unable to enter a Chinese university due to not sitting the gaokao and will most likely continue their higher education abroad.
However, the schools still need to incorporate certain elements of the Chinese curriculum - particularly in the fields of politics, history and geography - into their courses.
The principal of a high school in Salzburg wanted to use a jammer to prevent cheating with a mobile phone during written Mathura, and the Ministry of Communications' Telecommunications Office confiscated the transmitter and filed a lawsuit against the principal. He bought the device completely legally from a school supplies supplier in Sankt Pölten. The procedure ended with a warning. Gerhard Klampfer, dean of the Salzburg School of Economics, confirmed the radio report of the Salzburg ORF to APA on Monday.
Procedure ends with warning - principal's report
In teaching, the information here is often photographed, "Klampfer said in an interview. And it's useless to collect mobile phones: "They take two mobile phones, give them to the teacher, and keep their own smartphones. "So he bought this cell phone jammer for about 350 euros and placed it in a conspicuous place next to the toilet at the end of high school. As a result, the signal could not be received within a radius of about 10 meters.
A network operator claims to have noticed this disruption and informed the authorities. "This is the official version. Since only the building itself was disturbed, I doubt that someone had reported the interference," the rector said. Two employees of the telecommunications office arrived with large tracking equipment, found the signal jammers and confiscated it, "causing a big commotion."
How the medical school entrance exam interfered with mobile phones
The lawsuit was soon launched and the school rector was questioned on June 17, 2011. He made it clear that he had purchased the transmitter legally from a school supply company. "I'm not the only one who bought this equipment, I'm just the only one who got caught." Krampfer eventually suffered a loss: he was warned for violating the Telecommunications Act. Paragraph 74 states that the authorities may only use jammers when it comes to public safety, defense, national security or criminal justice tasks. The maximum fine is 4,000 euros.
This meant that the rector was exempt from disciplinary action. The jammer was returned to the school, but Krampfer had to agree not to use it again. Nevertheless, he was still puzzled by the fact that, as far as he knew, mobile phones sometimes did not work during university entrance exams, such as at the medical school. "I don't know how they did it. "