Expanding into Asia

If you think a has been a thriving market for business education in recent years, you’re right. Data from AACSB International show that, in the past five years, the number of AACSB-accredited schools in the region has more than doubled, from 28 to 59.
Expanding into Asia

Meanwhile, Asian schools are deeply involved in student exchange programs and collaborations with institutions around the world; schools in Europe and the U.S. are also adding new Asian study programs to their curricula. Here’s a sampling of some of the more recent launches:

Tsinghua University’s School of Continuing Education in Beijing and Audencia Nantes School of Management in France have signed an agreement to launch an international doctorate of business administration in the field of responsible management. The three-year program will be taught in English, but Chinese interpreters will be on-site. Classes will be taught by faculty from both schools and address corporate responsibility from both Eastern and Western perspectives. To accommodate the schedules of working professionals, the DBA will be taught primarily on weekends and offer a high degree of flexibility.

The University of Nottingham in the U.K. and Guangdong University of Finance in China have signed an agreement to create a new institute that will train up to 2,000 Chinese financial specialists each year. The new academy, which will be known as the Guangdong- Nottingham Advanced Finance Institute (GNAFI), will provide advanced training to senior managers from industry, commerce, financial institutes, and government organizations. The institute will be located in a new, state-of-the-art building funded by the Guangdong regional government. Applied financial research will also be part of the core activities of GNAFI.

Four schools have launched a partnership that will allow students to gain two degrees, one from a European institution and one from a Korean institution. Their goal is to nurture globally responsible leaders by immersing them in two very different cultures. The dual-degree Global Leaders in Management and Public Policy (GLIMPSE) program is a partnership between ESSEC Business School in Cergy, France; the Faculty of Social Sciences at KU Leuven in Belgium; the Seoul National University Graduate School of International Studies in Korea; and KDI School of Public Policy and Management in Seoul. The GLIMPSE degree is supported by the European Commission and Korea’s Ministry of Education, Science and Technology.

In addition, ESSEC Asia-Pacific—the Singapore campus of ESSEC Business School—has launched its Executive MBA Asia-Pacific program. The 15-month program covers business in Asia as well as leadership, personal development, and digital technology. Students will attend six-day residencies in Shanghai and New York City, and they also will benefit from ESSEC’s partnerships with schools such as Keio University in Japan, Fudan University and Peking University in China, Seoul National University in South Korea, and IIM Ahmedabad in India.

The Farmer School of Business at Miami University in Oxford, Ohio, has developed a new winter program, Asian Financial Markets, which looks at emerging powerhouses in Singapore, Hong Kong, Shanghai, and Beijing. Students will work with executives from companies operating in Asia, including Barclays, JP Morgan, BlackRock, Cerberus, and Northern Trust.

These examples and the AACSB data highlighted above suggest a trend toward more alliances between schools in Asia and those in Europe and America—in terms of joint programs, student and faculty exchanges, and research opportunities. The next five years should show exciting growth across all categories.