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Asia's Business Schools Rising in MBA Rankings

MBA programmes in Asia continue to gain international recognition and the steady rise in global MBA rankings is evidence that they are on the right track. While American and European universities remain strong, Asian universities are quickly catching up and are now putting their perspective on world-class education onto the global stage.

This year, the release of FT MBA Ranking 2018​ has shown universities in Asia making strides in rankings. CEIBS in China moved up to 8th place while the University of Hong Kong moved from 39th to 33rd place. Shanghai Jiao Tong University climbed from 36th to 34th. In Korea, Sungkyunkwan University GSB moved up to 51st from 58th.

In Southeast Asia, universities in Singapore have also gained significant ground in the FT MBA Rankings. Continuing in its upward trajectory over the past three years, Nanyang Business School currently stands in 22nd place this year, a further improvement from 24th place in 2017.

A strong tradition for education in Asia contributes to improving MBA rankings

The remarkable achievements of Asia’s educational system are also seen in the results of the programme for International Student Assessment, or PISA. Year after year, students from Asia maintain their excellence in international academic and competency tests. In 2015, Singapore took top rankings for mathematics, science and reading comprehension, followed closely by Hong Kong, Taiwan, Japan and Macau. Finland was the only non-Asian country to make it into the top five.

MBA rankings driven by the need to build an economy based on innovation

The MBA programmes are also evaluated based on its adaptability to the shifting needs of the global economy. To stay competitive, Asia’s business schools are growing its capabilities in tandem with the advancements in innovation and technology. Business schools in Asia are continuously adapting their MBA programme curriculum and teaching methods to stay relevant to the increasing demands for innovative products and solutions.

In addition, Asia’s strong respect for educational achievements also drives its countries to focus their efforts on improving the quality of their education. This has allowed it to train the skilled labour force by giving its educational institutions the experience to improve the quality of their programmes. These efforts, further aided by strong research, contemporary case studies and industry expertise significantly contribute to improving MBA rankings in the region.

On a macrolevel, Asian countries such as China, India and Singapore are also restructuring their economy, research institutes and businesses to upgrade its products from quantity to quality. This step towards cultivating an innovative culture allows such countries to compete with established R&D powerhouses like Japan, South Korea and the West.

In Singapore, the country’s plan to transform its capabilities in research and innovation is guided by its Smart Nation plan. As a national project that seeks to build an economically competitive global city, the Smart Nation plan oversees government policies that support the growth of technological innovation in both the public and private sectors. It is spearheaded by the National Research Institute and the Agency for Science, Technology and Research (A*Star).

Learn more about the MBA programmes available at NBS.

Read also: Business school rankings matter, but what else should you consider when choosing an MBA programme?​

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