biz.hk Nov 2013 Supplement by The American Chamber of Commerce in Hong Kong

GUIDE TO

ADVANCED EDUCATION

2013

THE AMERICAN CHAMBER OF COMMERCE IN HONG KONG FAST FACTS Community AmCham celebrates over 40 years of promoting business and fostering greater trade ties and community service in Hong Kong. Activities Members can access roughly 400 programs, seminars, and conferences each year featuring top business and government leaders, industry experts and professional facilitators who address timely and relevant business issues. Members Over 1,800 members (40 different nationalities) from over 800 organizations, including multinational firms, small and medium enterprises, entrepreneurs, and non-profit organizations. Committees Our members can join and access up to 28 different committees covering industry sectors, professional service sectors, and special segments of the membership.

CUHK EMBA: A Renowned Program in Asia Pacific

BENEFITS Business Networking Visiblity and Corporate Exposure Information Advocacy WHY JOIN AMCHAM?

The Financial Times has released in October its annual MBA global rankings for 2013. In its latest survey of 100 EMBA programs worldwide, CUHK’s EMBA Program places 13th, up from 17th in 2012. This year, CUHK’s EMBA is also ranked No 1 again among all independent programs in the Asia-Pacific region. Professor Andrew Chan has been at the helm of the EMBA program for 11 years. He is an expert in strategic marketing, crosscultural marketing, Chinese marketing, and a professional business negotiator. He talks to biz.hk about the success of the program, its vision and the way forward

"As a non-American, I have joined the AmCham in every country I have been posted because it is consistently the biggest and most active Chamber of Commerce and the strongest, best organized lobbying force in most countries, therefore able to attract a large number of members of very diverse horizons and able to organize a wide variety of events, attracting very often high profile speakers and therefore large attendance."

REQUEST MORE INFORMATION Membership Department: membership@amcham.org.hk / 2530 6900 www.amcham.org.hk

Andrew Chan

biz.hk: What are your “secrets of success” as Hong Kong’s longest running EMBA program? Chan: Our “secrets of success” is that we follow CUHK’s global vision and mission “to combine tradition with modernity, and to bring together China and the West” as our motto. We place strong emphasis on integrating theory with practice and building up our EMBA network, both internal and external. What is important is that we maintain our ability to nurture top-notch management talents to meet the needs of Hong Kong, the mainland and the world. biz.hk: What is the advantage of being an independent program instead of being on partnership basis?

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Photos courtesy: CUHK

Chan: As an independently run program, we have the flexibility in adapting to changes in the marketplace quickly. We could therefore enjoy autonomy in different aspects, for example, from selection of faculty, to offering of new courses and activities to back up the theoretical and practical foundation and expand the network of our participants. This enables us to keep on being innovative in keeping pace with the dynamics of the marketplace. biz.hk: Can you explain the ‘six pillars’ of core values CUHK’s EMBA? Chan: We formed the ‘six pillars’ (Theories, Practices, Internal Network, External Network, Strategic Perspectives and Social Contribution) as our

program’s core values to positively influence the business community and society. The six pillars are: • Theories which explain and predict phenomena. New courses such as Leadership, Entrepreneurship were offered to nurture top-notch business leaders. • Practices as actions for applying theories into different cultures, societies, industries, organizations, teams, and individuals. • Internal Network among current EMBA participants and alumni through sharing and exchange in courses, group projects, case studies, conferences and social activities. • External Network with CEOs, community leaders, and executives

through different activities including EMBA Insights, forums, seminars, global trips, and, radio and TV programs. • Ability to identify different strategic perspectives to determine possibilities and priorities before one makes an important decision. • Recognition of the importance of social contribution, and devotion of one’s time and energy to creating a better world. The EMBA alumni formed the charitable organization ‘Flywheel’ to help and care for the needy by raising funds through ‘running to your home’. biz.hk: What’s the purpose of your “Greater China EMBA Elite Study Week” launched last year? Chan: To enable students to develop not only global but also Greater China perspectives, and interact with senior executives in different parts of the world, we partner with the EMBA programs of Peking University and the National Taiwan University to conduct the “Greater China EMBA Elite Study Week.” The “study week” is the first of its kind worldwide. Top management and senior executives from Quanta Computer Inc and HTC of Taiwan as well as White Collar of Beijing were invited to share their experience and insights with our participants. The program provides a platform for the three groups of EMBA students in Greater China to interact and develop friendships. One key lesson learned for all students is that team diversity is critical for business success. Our students can learn from other students with different perspectives and strengths, namely, culture from Beijing, technology from Taiwan, and finance from Hong Kong. The Greater China EMBA Elite Study Week will continue next year. biz.hk: How does CUHK’s EMBA cater to the needs of local managers in terms of curriculum, recruitment of students and faculty? Chan: CUHK’s EMBA integrates theory with practice in the curriculum to ensure that the topics are relevant to

Properties Ltd, shared his views on the impact of core beliefs/values on the success of business; Joseph Yam, former Chief Executive of Hong Kong Monetary Authority, talked about the core belief and values to make Hong Kong a better international financial center; and Tom Mehrmann, Chief Executive of Ocean Park Hong Kong used Ocean Park as an example to enlighten us how to develop a culture of innovation.

Global Study Trip 2013 at CISCO

local entrepreneurs and managers. We also recruit students with different cultural background, industries, functions, and expertise, so that they can learn from one another during group discussions. Our faculty members are also experts in their respective fields. With Hong Kong’s strategic location within China and the AsiaPacific region, our program aims to develop in our participants the global perspectives in bridging China and the world. To bring the world to China, and China to the world, we strategically provide a platform for groups of EMBA

students in Greater China to interact and develop friendships. Global Study Trips are organized each year to expose our participants to different national environments and business operations so as to develop a global perspective and to interact with senior executives in different parts of the world. Besides, distinguished leaders, academics and government officials are invited to share their experience and insights with our alumni and students in our monthly “EMBA Forum,” and the “Talking to CEOs”

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and “New Thinking in Management” television and radio series. biz.hk: Can you share with us some highlights of these activities? Chan: Initially offered by the CUHK Business School in 1993, our EMBA program marches forth into its 20th year this year. The program has been offering a wide range of activities throughout the years and our EMBA participants and alumni are invited to join us at these activities such as the EMBA Forum, ‘Talking to CEOs’ and the ‘New Thinking in Management’

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TV/radio programs, EMBA Insights, Annual Conference and Left-Right Circle Theory Seminar. Since 2002, we have organized over 700 of these forums where we place emphasis on important Greater China and international issues and affairs. Past topics included soaring oil prices, the global financial tsunami of 2008, and issues of the Euro. Recently, Peter Wong Tung Shun, Group Managing Director of HSBC Holdings plc, has delivered a talk on Hong Kong and the role it plays in Renminbi internationalization; Ronnie C Chan, Chairman of Hang Lung

biz.hk: How does CUHK’s EMBA accommodate the traveling schedule of senior executives? Chan: Since executives nowadays have to travel frequently to the mainland and overseas or stay there for a long period, our program schedules classes on Saturdays and Sundays (two consecutive days), and students only need to attend class once every two to three weeks. This arrangement ensures that students can build strong and long lasting trust and relationship among one another through sufficient interaction in class and being able to better manage their time of work, study, and family. Although students do not have classes in a certain week, they can use the time for discussion with other students and professors to deepen their understanding of topics taught in classes, to do cases and group projects, or attend activities like the EMBA insights forums, talking to CEOs, etc. biz.hk: For CUHK’s EMBA graduates, what is the average increase in terms of salary and promotion after graduation? Chan: Among all independent EMBA programs in the world, CUHK EMBA’s alumni salary is among the highest. The average annual salary is as high as HK$2,172,000. The program’s alumni also achieved a high salary increase rate of 56 percent. In the latest survey published by the Financial Times, our program scored high in areas such as research publications, work experience, international course experience, international students, international faculty and international advisory board.

Nothing’s Impossible Established 19 years ago, CEIBS in Shanghai is one of China’s prestigious business schools. A joint venture between the Chinese government and the European Commission, its original mission was to train Chinese managers in the latest western management know-how. It has since grown by leaps and bounds and become one of the top business schools in the region. Professor Hellmut Schütte, Vice-president and Dean of CEIBS, visited Hong Kong recently. In addition to presenting a talk on challenges faced by multinationals in China at an AmCham luncheon, he also gave an interview to biz.hk in which he talked about business education in China, future trends and his dream of a fast growing China Hellmut Schütte

biz.hk: There has been an increase of business programs in China. What are the factors contributing to the increase? Schütte: Many western schools have reached the state of maturity if they want to grow in terms of student body. They have to look for new markets and China is an obvious market. There are also business schools or universities that would go to China with the expectation that there are interesting things to find out and explore. Harvard does that because China is an interesting market and they want to learn about it and write case studies. biz.hk: CEIBS is based in China. What are the main differences between a

locally-based program and programs that the faculty flies in to do the teaching? Schütte: It makes a lot of difference whether you live and work in China. A locally-based program has the advantage that you have roots in China. Many of our faculty members are Chinese even if they may have spent more than 20 years in the US. There is most probably a greater chance [for the faculty] to understand what China – Asia or emerging market – is all about. When our school was founded, our forefathers – the European Union and the Chinese government – gave us the objective to train Chinese managers in western management know-how. That’s over and our mission fulfilled.

biz.hk: Generally speaking, what are the expectations of Chinese managers and entrepreneurs who come to CEIBS? Schütte: They expect to learn the best practices of business. And they expect the professors can relate that best practices to the Chinese environment. Let me give you an example. When you talk about leadership and you bring in western concepts, you must be aware that you are in an environment which doesn’t buy into this and it (the Chinese environment) is much more hierarchical [than in the West]. If you don’t pay enough respect to this and be prepared to discuss what are the pros and cons, then you are not the right person for them anymore.

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biz.hk: How would you compare the Chinese students with their western counterparts? Schütte: Chinese students are very analytical. They are also very much Chinese in the sense that they are strongly influenced by their Chinese environment and the economy. They are also lacking an international perspective – the rest of the world is too far away, and Hong Kong is just a little dot [to them]. They are maybe a little bit over confident. This leads me to why I love to live and work in China. This attitude of an in-built optimism and ‘can-do’ attitude – [among the people] is fantastic. In Europe, we have – to some extent – lost that. In China, nothing is impossible and this is wonderful. Things work out even if they are messy because you are optimistic and there is so much momentum going. I would argue that there are many people in the Chinese society today – probably not those who are old and those who are in agriculture but the younger generations – have seen an improvement of their life and they all expect this to continue. To them, life is good. How many people [in other countries] would say that? You can compare that with American, French and German. biz.hk: China is transitioning into a market economy from an old economic system. The way business is being done is often different in China compared with in other economies. How would you recommend business schools approach the China story taking into account such differences? Schütte: Business schools should be open to questioning different economic systems. So you would have to debate about comparable business systems. Bearing in mind that your participants are going to be future business leaders and they have to understand these differences. Take the discussion of business ethnics as an example. Should you have it [in your curriculum] or not, should you have it as a separate course or

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under Corporate Social Responsibility where people can respond to it. All of that to my mind is very important for China at this stage. If you are an academic institution, you do more than just a basic trade school – training people in accounting and finance, etc. This is the duty of a business school that claims to train future business leaders.

towards research happened no more than five years ago. It has to come if you want to be a leading school and we are determined to be one. We are doing some research. Of course, there are issues like language problems etc. But you can overcome that relatively easily. There are research assistants in China and they are very good.

biz.hk: Any challenge in recruiting your faculty? Schütte: There are many challenges. One of them is that leading academics want to be close together with other leading academics. Of course, 90 percent of all academics of business schools are in one country and that country is called the US. So academics won’t leave the US easily. I came from INSEAD and it was the first business school in Europe. It also had lots of difficulties in finding Americans [to teach]. Having said that, we can add that even the most inward looking academics in the US must realize that the world is changing. There is a greater openness of going abroad now and into a new frontier. So it’s easier. The other issue is the living condition. Today, the condition is much better than what it was five or 10 years ago. We pay competitive salaries so that is not an issue. Of course there is the tax issue and pollution, housing, language and schooling for the kids. All kinds of issues. But it’s getting better – by the day.

biz.hk: What would you consider to be your next challenge? Schütte: If I relate that to CEIBS, then my dream is that CEIBS will be seen as the school to be if you want to have a MBA, just like INSEAD, MIT or Harvard. Shanghai is the place of the future and that’s my dream.

biz.hk: What about conducting research in China? Is it much different from the West? Schütte: No, except that when you come, you come out of an American research background. The American model is very theoretical, and much of which is based on American data. Now, when you move to China, the data is not as good. But you can adjust if you are willing to do so. CEIBS has started as a teaching school and is now moving towards a more balanced approach between teaching and research. Our move

biz.hk: How far are you from that dream? Schütte: Oh, very far. But we are not looking at numbers and we are looking at quality. We are looking at inspiring young people to become future leaders. We just need a few – 10 to 20 [students] from the US and maybe some Japanese, European, a good mix. They will come to Shanghai; spend a year or two years there. When they return to their countries, they would say, ‘That’s very interesting and I went to a good MBA program. At the same time I got to know something about China, made some Chinese friends, learned a few Chinese words and that will give me a better future.’ That will be my dream. There are many obstacles obviously. China is not known – we have to be honest – for being an academically advanced country. China is an emerging country. It is known for cheap labor. We have to be honest to ourselves. So therefore it will be a long way. But if we are determined and we have the right people, we can get there. Nothing is impossible. There is no reason why the West should continue to have the best business schools. I just don’t see that. I am confident that China will have some of the world’s top business schools one day.

Quality Education for the Busy Professional Macquarie Graduate School of Management excels in offering flexible delivery of courses for working managers

By Megaen Kelly Alex Frino

any people in midmanagement find themselves hitting the glass ceiling as far as their career advancement goes. One of the most typical hurdles is that there may be no further chance of promotion within their current company for a variety of reasons. For local business people, there is a common thread to this story. Because of the shortage of university space available at local tertiary institutions, some people have no choice but to enter the work force with no degrees. And while they may be capable and hardworking, advancing through the ranks of their company, often management positions require someone with at least an undergraduate degree, and so this segment of the working class find themselves stuck without further advancement opportunities. This situation often leads people to the decision to earn an MBA, but this

can prove tricky for a number of reasons. There is the high cost involved, which means that most will have to continue working while studying. And for many people this means working full-time, so they can only study parttime. There is also the fact that many MBA programs require a university degree before applicants will be considered. This seems to narrow the field of MBA programs to choose from. But that is something that the Macquarie Graduate School of Management (MGSM) benefits from. They pride themselves on the flexibility of their service delivery as well as on the fact that students can work their way up, so to speak, to MBA level, which means that if someone with work experience but no degree can go through a process of achieving enough credit prior to entering the MBA program through MGSM. MGSM has been offering their

programs through the Hong Kong Management Association since 1994 and in fact, they are considered the top Australian MBA program in Hong Kong. They started offering their MBA in Australia in 1969 and over the years have gained a solid reputation worldwide for management education and the fact that their graduates do extremely well upon graduation, especially in terms of salary. Hong Kong is the only place outside of Australia where MGSM offers their MBA program. According to Alex Frino, Dean of Macquarie Graduate School of Management, the city was chosen because, “Hong Kong, at the time and still at the current time, is a financial center and a business center in Asia. And it’s international.”

China focus And because of Hong Kong’s reputation as a stepping stone into

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China, it helps with MGSM’s new China-focused initiative. As Professor Frino – a former Senior Fulbright Scholar – explains it, “MGSM has a wonderful brand in Australia and is very well known in Hong Kong through the association with the HKMA. The opportunity for us is in China, although we have not historically been very active in mainland China but we are now focused on it. “We have built a team who will spearhead the China initiative. The team is made up of a number of professors who have worked at Australian universities but have a lot of experience engaging with China. “In China, we’re trying to raise brand awareness, trying to get people to understand and appreciate the MGSM brand ... A key part of that (raising MGSM awareness) will be being present, being engaged. We’ve just signed an exchange agreement with the People’s Bank Graduate School at Tsinghua University, that runs the EMBA at Tsinghua, for an exchange of students. And that’s opened doors to Hong Kong students (of the MGSM program). We want to send the best and brightest three students to them and they will reciprocate. We’re working on a number of exchange agreements with top Chinese universities as well.” That best and brightest in both Hong Kong and at MGSM’s Sydney branch are typically, as Professor Frino says, “Middle manager executives with an average of our cohorts being 33, so it’s an older student.”

How the program works Because MGSM understands the needs of the working student, they have designed their program and courses to accommodate the requirements for this type of student. Professor Frino explains the workings of the courses delivery, “All our student cohort here are part time. So that’s the segment of the MBA market that we target. For example, you deliver classes entirely at night or in block mode. You really need

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Graduation class of 2013

to make the program practitionerrelevant because these people are working every day, they are experiencing things in the market place and have experience in business. “A unit of study, which is a (single) subject, involves 40 hours of face to face teaching. In Hong Kong that’s delivered basically over a 10-day period where students will study Friday evening, most of Saturday, most of Sunday, have a week off, then Friday evening, most of Saturday, most of Sunday to get to 40 hours, so that’s what a block is. It’s very intense but is a favorite here. All of our courses here in Hong Kong are delivered in block mode. In Sydney our courses are delivered on a semester-basis of four hours a week for 10 weeks to make up the 40 hours.” For people who don’t have an undergraduate degree, there are a few extra steps to take before being eligible to enroll in the MBA program. Again Professor Frino explains, “We have two pathways into our degree. If you have an undergraduate degree and two years of professional experience, you can enter our (MBA) program. If you don’t have an undergraduate degree but have a significant amount of work experience, five years, of professional experience at the senior level, we offer a pathway into the MBA by a certificate. “This route will require you to commence with a certificate, which is

Photo courtesy: MGSM

three units. If you successfully complete the certificate, you can progress to a diploma, which is an additional three units (meaning six for the diploma). If you complete that you can then proceed to a Master of Management, which requires 10 units. If you successfully complete your Master of Management you can articulate to an MBA. That’s another differentiating characteristic of our program.” The type of faculty that leads the program is of the highest caliber as well. “All our academics are PhDtrained and the bulk of them have significant professional experience in one of the key discipline areas that make up management. So that is finance, accounting, HR, general management and marketing. “We also have a very diverse academic staff in terms of the places where they come from. It’s like the United Nations. We have a wonderful tapestry of people, academics, from different countries. That’s one of the strengths of our program.” Utilizing flexible block teaching delivery offered by quality, experienced academics are hallmarks of the MBA program offered by MGSM. Through its partnership with HKMA, MGSM is on course to offer one of the most practical and reputable MBA programs to aspiring young business leaders in Hong Kong.

Looking Abroad for Growth and Lessons Deborah Hewitt is the Assistant Dean for MBA Programs, William & Mary’s Mason School of Business – one of the top business schools in the US. During a recent visit to Hong Kong, Hewitt speaks to biz.hk about the training of future business leaders and what foreign business managers can learn from China today Deborah Hewitt

biz.hk: Who should consider an EMBA education? Hewitt: It is for anyone who wants to move up to upper management in either a large or small corporation, those looking to make the next move, and realize that they need additional skills and knowledge to be able to take on the more strategic aspects of management. EMBA students average from age 35 to 40. They tend to have about 15 years of work experience and have generally moved up in their corporations to a higher managerial level. While they might be very strong in one functional area such as finance or marketing, an EMBA excels at helping them put it all together through an overall view across all other functional areas as well as the strategy that goes with tying it all together.

biz.hk: How should candidates go about choosing an EMBA program? Hewitt: The short answer is, they should pick the one that works best for them. The business education market is experiencing a phase of disruption right now, because of technology. There are now many online and distance programs, which can be the best format for some students when they simply can’t commit to being in class, even once every few weeks. We have seen some programs in which students meet only once a month in class. In fact, what we have found from national surveys in the US is that location is the primary decision factor in choosing an EMBA program. They often have to consider if a location is close to where they live and work. And of course people want to pick the best

school possible as judged by the quality of faculty and strength of a particular program. biz.hk: Is ranking important? Hewitt: I don’t think it is quite as strong of a factor as some perceive. We tend to believe that because there are so many rankings, such as those of the Financial Times, Businessweek, and US News & World Report, they sometimes conflict. In fact, in many cases they do. We used to be in the Financial Times’ rankings and did very well until a new component was added to the formulation, which was the percentage make-up of international students. In our program, we meet every other week so it isn’t designed for international students to have to fly in. In the end, we just decided not

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to compete in that ranking. You can use any of those rankings but you also have to be very careful about rankings in terms of what they are really measuring. It is much more important to get the right fit and to get in a program that offers the quality you want in a location that works for you. biz.hk: Is there a decline in the value of an EMBA degree? Hewitt: That might have been true during the so-called Great Recession as there wasn’t as much upward mobility. Perhaps it was more a result of the economy being weak than a trend in business education. Since then, we have certainly found in our executive program – and in most of the other high-end programs – that it does make a huge improvement in people’s earning. We normally see the majority of our class receive promotion even while they are in the program. What we say is, “learn it on Friday and use it on Monday.” Students week after week tell us how they are able to instantly apply what they learn. biz.hk: Are MBAs and EMBAs designed to train business leaders or just to help a manager climb up the career ladder? Hewitt: It is an excellent question as we discuss that a lot in terms of different programs. A full-time MBA program, which generally has younger students, say age 25 to 28, who may not have much corporate experience, is where you may lean more towards management training because where they strive to do is to move into management. In an EMBA program, you really want to be training leaders. It suggests another level of study. We, for example, put our absolute best professors in our EMBA program, and really try to select students who have already accomplished a certain level of achievement. They are going to be motivated differently, not so much to learn the detailed technical aspects but learn enough of those that they

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can put it all in a strategic sense. At the EMBA level, you are aiming to train people to become tomorrow’s business leaders. Ethics, leadership and strategy are all important areas of focus at the executive level. biz.hk: What’s the purpose of your program’s immersion trip to Fudan University in Shanghai? Hewitt: It is a partnership that we’ve spent the last two years developing, and we are really pleased with that. American business leaders today have to be prepared for a change that is coming, and a lot of that change is being generated by China. It is already the largest producer of many goods and is becoming one of the largest consumers of many goods.

“At the EMBA level, you are aiming to train people to become tomorrow’s business leaders. Ethics, leadership and strategy are all important areas of focus at the executive level. ”

We don’t like to look at China as a strict competitor. There are huge opportunities for American business to work with China, a country with a very large potential market. But, in order to do that, you have to understand China. That’s why we are bringing students out here to study.

biz.hk: What can you learn from China? Hewitt: What we are here to learn is more about the consumer market, which is distinctively different than the market in the US. We are here to learn about the supply chain logistics, because if you are going to do business here, you have to know how to navigate that. It is really a two-way street. While China can learn from America and why some of these acquisitions take place, America needs to learn more about Chinese culture and business practice so we can participate with the growth that is going to happen here. biz.hk: You seem to be quite bullish about China. Why? Hewitt: I try to take a long-run view. There may have been a little slowdown recently, but a 5-7 percent GDP growth rate is still rapid growth, especially in the current global environment. The size of China’s population and potential consumer market, even at a 5-percent annual growth rate, is so overwhelming that it isn’t something you can ignore. People sometimes make a comparison of China to Japan, and it just doesn’t compare because Japan’s population is only half of the US’s but China’s is four times. Again, it is a focus on the long run that is important. Students we are training now will have 30 or 40 years ahead of them in their career, not just this year or next year, and that’s what we are training them for. This is the beginning of something that they need to understand. biz.hk: What about the US economy? Hewitt: US economy has recovered quite a bit, and we are now growing and generating jobs again, which is good news. Nevertheless, companies are not going to achieve the kind of growth in the US market for the most part that they could in Asia. The US is still a very big and a very important market, but you’ve also got to look abroad now for additional growth.

GUIDE TO

ADVANCED EDUCATION 2013 The Chinese University of Hong Kong

The Chinese University of Hong Kong

Full-time & Part-time MBA Programs

Executive MBA Program Program Features

Program

: Full-time MBA Program

Duration of Study

: 16 months

Admission Requirements : • Bachelor’s degree with honours (not lower than second class lower division or B grade) or equivalent professional qualification • Provide a satisfactory GMAT score • Three years of full-time post-qualification work experience are expected Application Methods

: Online Application

Application Closing Date : Oct 31,2013; Dec 15, 2013; Jan 31,2014; Mar 15, 2014 Program Fees

: HK$489,780

Program

: Part-time MBA Programs

Duration of Study

: 24 months

Institute History With one of the most internationalized and the longest established MBA Programs in Hong Kong, the CUHK Business School has always strived to provide a truly global, ‘East meets West’ learning environment to our students. With our distinctive location in both Hong Kong and across the border in mainland China, CUHK MBA offers you a unique learning experience that combines local insights with global perspectives, teaching that is both practical and theoretical, and access to the largest alumni network in Hong Kong. CUHK MBA possibly is the closest doorstep to the global market.

Program

: Executive MBA Program

Duration of Study

: 2 Years

Admission Requirements : Applicants must • have obtained a Bachelor’s degree or professional qualifications equivalent to a degree, • normally, have at least 7 years of post-qualification business or relevant work experience, including 5 years in a managerial position, and • fulfil the University’s English language proficiency requirement.

Admission Requirements : • Bachelor’s degree with honours (not lower than second class lower division or B grade) or equivalent professional qualification • Provide a satisfactory GMAT score • At least three years of full-time post-qualification work experience are required Application Methods

: Online Application

Application Closing Date : Nov 30, 2013; Jan 15, 2014; Feb 28, 2014; Program Fees

Final Deadline to be announced in mid - Mar : HK$317,280

Contact Details Contact Tel Fax Email

: Becky Tsang : (852) 3943 8629 : (852) 2603 6289 : becky@cuhk.edu.hk

Application Methods

: Online Application (Online application is open on December 2, 2013)

Application Closing Date : March 14, 2014

www.cuhk.edu.hk/mba

Program Fees

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: HK$489,600 (Subject to University's final approval)

Our EMBA Program aims to nurture top-notch management talents to meet the needs of Hong Kong, the mainland and the world. Our motto is “to combine tradition with modernity, and to bring together China and the West”. We also formed the “six pillars” (Theories, Practices, Internal Network, External Network, Strategic Perspectives and Social Contribution) as our core value to positively influence the business community and society. One of our highlights is our rich range of activities offered, including the monthly “EMBA Forum”, the “Talking to CEOs” and “New Thinking in Management” TV/radio series in which distinguished leaders, academics and government officials are invited to share their experience and insights with our alumni and students. To bring the world to China, and China to the world, we partnered with the EMBA Programs of Peking University and the National Taiwan University to conduct the “Greater China EMBA Elite Study Week” in Hong Kong, Taiwan and Beijing. The week was the first of its kind conducted worldwide and strategically provided a platform for the three groups of EMBA students in Greater China to interact and develop friendships. Global Study Trips are also organized each year to expose our participants to different national environments and business operations so as to develop a global perspective and interact with senior executives in different parts of the world. In the latest global survey of 100 EMBA Programs worldwide, the London-based Financial Times ranked our EMBA Program No. 13 in 2013, jumping from the rank of No. 17 achieved last year. We have been ranked top amongst all independent programs in the Asia-Pacific region over the years. This year we were ranked No. 1 again.

Contact Details Tel Fax Email

: (852) 3943 7642 : (852) 2603 5762 : emba@cuhk.edu.hk

www.cuhk.edu.hk/emba

GUIDE TO

ADVANCED EDUCATION 2013 Hong Kong Baptist University

The Hong Kong Management Association / MGSM

Doctor of Business Administration

MGSM MBA & Master of Management

Special Features

Program

: Doctor of Business Administration

Duration of Study

: 3 -6 Years (Part-time)

Admission Requirements : • Master’s degree holder plus substantial years (normally 10 years of above) of managerial or professional experience; and • demonstrate proficiency in English language, such as completion of a degree programme taught in English, or TOEFL/IELTS result Shortlisted applicants will be invited to attend an admission interview conducted in English by an interview panel of the School. Application Methods

: Online & paper Application

Application Closing Date : 30 April 2013 (First round of application) Program Fees

: HK$495,000 (subject to approval)

• HKBU’s commitment to academic excellence and to personal development • Highly selective intake and small size to ensure individual support and mentoring can be achieved • Research mentorship to help new students to develop their research proposal • A mix of experienced and highly-qualified local and international faculty • A professional workshop series introducing practical elements to the programme • Accredited by AACSB, AMBA and EQUIS to ensure that our programmes are benchmarked against the best international standards.

Programme Overview MGSM has been a leading provider of postgraduate education for more than 40 years and has been in Hong Kong continuously since 1994. It has an international reputation for excellence in management education and is consistently ranked in the top tier of business schools worldwide. The MGSM MBA transforms managers and professionals to leaders with a global mindset. MGSM's students, originating from over 35 different countries, are mature professionals who bring with them a wealth of experience, knowledge and diversity. Flexible Format and World Class Faculty MGSM offers students a highly interactive, flexible and rigorous learning experience. The building block aspect of MGSM's postgraduate programs allows students to select the point at which to commence study that best suits their individual needs, and the flexibility helps them manage their work/life balance. The programs are offered in Hong Kong and Sydney, and are taught in person by MGSM world class faculty, many of whom have extensive experience in business at a senior level in addition to possessing stellar academic credentials.

Contact Details Contact Person Tel Fax Email

: Claudia Tsui : (852) 3411 2148 : (852) 3411 5588 : hkbudba@hkbu.edu.hk

www.hkbu.edu.hk/~dba

Institute of Advanced Executive Education, The Hong Kong Polytechnic University

Global Rankings • Ranked as a top 100 Global MBA program • #1 Australian MBA Program taught in Hong Kong • #1 globally for “Increase in Salary " and #2 globally for “Post MBA Salary” • AACSB Accredited – fewer than 5% of business schools have earned this distinguished hallmark of excellence in management education

Executive Masters / Bespoke & Open Programs

Special Features The Institute of Advanced Executive Education (IAEE) of the Hong Kong Polytechnic University is your Learning Vista for Dynamic Transformation. We provide advanced executive education for senior executives. Apart from niche Interdisciplinary content, IAEE develops programs that are Innovative, Integrated and International. IAEE helps you to add value to your organization and the community. Besides world-class faculty staff from PolyU, IAEE also invites internationally renowned scholars, relevant experts and professionals to teach in our programs. • Our Bespoke Programs are fully customized to corporate needs, aiming to inspire, enrich and empower participants for significant outcomes for your organizations. • Our Open Programs provide senior executives and professionals with flexible career enhancement options and exclusive networking opportunities in small class setting. • Our Executive Masters Programs offer formal award-bearing qualifications to gain advanced in-depth knowledge and new perspectives to spearhead your career and fine-tune the competitive advantages of your organization. Under development: Real Estate Finance | Meaningful Innovation | Healthcare, Technology & Management.

All rankings relate to The Economist “Which MBA?” Top 100 Survey, 2013

Contact Details Contact Person 1 Tel Contact Person 2 Tel Fax Email

: Georgina Chan : (852) 3400 8481 : Wanze Li : (852) 3400 8483 : (852) 2334 6877 : iaee.enquiry@polyu.edu.hk

Programme

: MGSM MBA & Master of Management

Duration of Study

: 1.5 year - 2.5 years

Admission Requirements : Degree holders with a minimum of two years of relevant work experience (e.g. managerial / professional) Intake

: January and June, 2014

Programme Fees

: HK$281,920 (MBA) HK$176,200 (Master of Management)

www.polyu.edu.hk/iaee

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Contact Details Contact Tel Email Contact Tel Email Fax

: Ms Carol Wong : (852) 2774 8585 : carolwong@hkma.org.hk : Ms Mani Ng : (852) 2774 8534 : maning@hkma.org.hk : (852) 2365 1000

www.hkma.org.hk/mgsm

GUIDE TO

EMBA/MBA & Professional ADVANCED EDUCATION 2013 The Hong Kong Polytechnic University

The Hong Kong Polytechnic University School of Hotel and Tourism Management

Master of Business Administration

Executive Masters in Global Hospitality Leadership

MBA Field study to Phnom Penh, Cambodia in 2013

MBA Open Lecture on Complexity Theory: Frontiers of Management by Dr Mak Wai-ming in June 2013

Program

: Master of Business Administration

Duration of Study

: 2 years part-time (maximum: 4 years)

Admission Requirements : Applicant should 1. Have a bachelor’s degree, a postgraduate degree or a postgraduate diploma in any area, or an equivalent professional qualification and a minimum of 4 years’ experience in a managerial or professional capacity, and be proficient in English. 2. In exceptional cases, be aged 35 or over with post-secondary qualifications and at least 8 years of experience in a senior managerial or professional capacity, and be proficient in English. If you are not a native speaker of English, and your Bachelor’s degree or equivalent qualification was awarded by an institution at which the medium of instruction is not English, you are expected to fulfil the University’s minimum English language requirement for admission. Please refer to the “Entrance Requirements” section under “Admissions Policies” at Study@PolyU for details.

Application Methods Program Fees

Program

: Online application via “Study@PolyU” (www.polyu.edu.hk/study) : HK$211,500 (Subject to review)

Programme Features

Programme Overview

The PolyU MBA programme has been developing General Managers in Hong Kong since 1990 and in Mainland China since 2002. Its structure, content and teaching approaches have been benchmarked against the best programmes in the world. Leadership in the Asian context is one major focus at our programme. Under the strategic partnership with KORN/FERRY INTERNATIONAL, PolyU and Korn/Ferry will together deliver a Leadership Development Programme within the MBA programme. Students will be thoroughly appraised with respect to their leadership competences, those competences will be developed using Korn/Ferry’s established methodologies, and each student will receive advice on how to continue developing themselves when the programme is completed.

Hospitality industry is a fast-growing global industry creating millions of jobs in the global economic landscape. Leaders with a skill set for the 21st century are needed to anticipate and shape the opportunities and challenges for continued success. The Executive Masters in Global Hospitality Leadership offered by the School of Hotel and Tourism Management (SHTM) intends to provide a challenging, international leadership development experience to senior executives. What makes our programme so different? • Designed for seasoned executives with more than 10 years of management experience in the hospitality industry • Guided by the SHTM’s international faculty of 65 academics from 20 countries and regions • Central to the programme is an international focus while recognising the importance of hospitality in the Asia-Pacific region • Teaching and learning methods centred on the needs and goals of industry executives • Flexible delivery pattern allowing busy executives to set their own pace in completing subjects • Networking opportunity for elites in the global hospitality industry to bond • Run on part-time basis, the programme can be completed in two years or spread to four

Class Profile – Intake of 97 students in 2013 – Average 13 years of work experience – Average 36 of age – 70% are managers, directors or professionals Accreditation We are among a small group of business schools worldwide with Triple Accreditation: – AACSB – EQUIS – AMBA

Programme

: Executive Masters in Global Hospitality Leadership

Duration of Study

: Part-time; Normal: 2 years; Maximum: 4 years

Admission Requirements : Applicants must • Generally hold a first degree in any discipline, plus a minimum of 10 years industry experience at management level. • Admission of non-degree holders, however, to the programme could be offered to experienced senior industry executives with a minimum of 15 years of industry experience at senior level.

Contact Details Contact Tel Fax Email

: : : :

Faculty of Business (852) 2766 7047 (852) 2365 7415 fbmba@polyu.edu.hk

Application Method Programme Fees

www.polyu.edu.hk/fb/rpss/mba

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: Online application via “eAdmission@PolyU” (www.polyu.edu.hk/admission) : HK$267,500 (subject to revision)

As a global centre of hospitality education for the 21st century, the SHTM is positioned to lead the world’s hospitality education. Currently ranked second in the world, the School offers programmes that are gateways to outstanding career opportunities.

Contact Details Contact Tel Email

: Dr Basak Denizci Guillet Programme Leader : (852) 3400 2173 : basak.denizci@polyu.edu.hk

Tel Email

: Mr Jason Chau Executive Officer : (852) 3400 2198 : jason.chau@polyu.edu.hk

Fax

: (852) 2362 9362

Contact

www.polyu.edu.hk/htm/em

GUIDE TO

EMBA/MBA & Professional ADVANCED EDUCATION 2013

Program RDI Ltd

The Hong Kong University of Science and Technology

Henley Flexible Executive MBA

Kellogg-HKUST Executive MBA Program

Programme Features Institute History We are witnessing massive disruption in businesses because of rapid technological changes and increasing globalization. It is critical for business leaders to develop a global understanding of management. The leaders of tomorrow not only require strong and effective functional and managerial skills, they also need a global understanding of issues, and a strong international network that they can rely upon. Ranked No. 1 in the world for 5 years in a row by Financial Times, the KelloggHKUST program provides an unparalleled education taught by world renowned faculty, who are internationally acclaimed scholars, researchers, and consultants. The program emphasizes teamwork and cross-cultural collaboration, and is built on a solid general management core which informs strategic decision making in every aspect of the business. In short, the program is grounded in academic excellence, team leadership, and the power of diversity. The distinguishing feature of the program is the global network of partnerships that Kellogg has with premier business schools from around the world. The opportunity to take courses with students from other partner schools during international live-in weeks is a unique one-of-a-kind opportunity.

Program

: Henley Flexible Executive MBA

Duration of Study

: 24 months

Admission Requirements : • Three years’ management experience

Program

: Kellogg-HKUST Executive MBA Program

Duration of Study

: 18 months

Admission Requirements : Bachelor's degree, 10 years of significant full-time working experience, company sponsorship and support and results of TOEFL/IELTS for applicants who were educated at institutions where the primary language of instruction was not English. Application Methods : Submitting application form in hard copy or online Application Closing Date : September 30th, 2014 Program Fees

: HK$1,190,000/ US$152,625 for 2014 intake (please check our website for update on the tuition fee of the 2015 intake)

• Good first degree or equivalent professional or international qualification or work experience. However, we welcome applications from candidates With exceptional management experience who may not meet all the formal criteria for admission • With a minimum of five years’ managerial experience at a senior and strategic level • Evidence of competence in English

Admission Methods

Contact Details Tel Fax Email

: (852) 2358 4180 : (852) 2358 1514 : emba@ust.hk

: All applicants must submit: • • • •

A completed application form Certified copies of degree certificates A CV Satisfactory references – ideally one business reference and one academic reference • Application fee of HK$5,000 – refundable for unsuccessful applicants

Application Closing Date : 14 February 2014

www.emba.ust.hk

Program Fees

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: HK$270,000

The EMBA is intended for the driven individual with the vision and the scope to expand into fertile international territory. We are proud to announce the emergence of a new partnership between RDI and the world class Henley Business School. We now offer the triple-accredited prestigious Henley Executive MBA which is designed for experienced managers looking to develop their international management competencies. This is an executive MBA for senior managers and business leaders looking to achieve their personal and professional goals. Fitting into your schedule, the programme takes 24 months studying part-time. It is delivered through a blend of self-study, online interaction and 9 weekend workshops, one of which is in the UK (Tuition fee includes return flight and accommodation to the UK) and others in Hong Kong. Henley is the oldest business school in Europe. The Henley presence in Hong Kong has remained since 1985 with major companies and their managers improving their business and managerial performance. The Henley alumni have spread their influence throughout all walks of governmental, academic and commercial life, with managers establishing themselves throughout Asia and the rest of the world. As a participant of the Henley MBA you become a member of the alumni community from the moment you start, giving you access to a network of 56,000 alumni in senior management positions based in over 150 countries. In an increasingly interconnected world, the Henley Flexible Executive MBA has the potential to give you access to an international career and the substance to empower you with the skills and qualities to become global in scope and global in reach, all through Henley’s practical approach and reflective personal development offering.

Contact Details Contact Tel Fax Email

: : : :

Jason Wong (852) 2978 5019 (852) 2992 0918 jason@rdihongkong.com