The release of FT MBA Ranking 2019 has shown universities in Asia making strides in rankings. Universities in Singapore
have also gained significant ground in the FT MBA Rankings, where Nanyang Business School currently
stands at 30th place this year.
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, with Singapore taking top rankings for mathematics, science and reading comprehension.
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
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
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?