Chinese executives are flocking back to graduate school, writes Kit Gillet of The New York Times, taking advantage of education opportunities that did not exist when they were younger:
After three decades of the kind of rapid economic growth that does not allow much time for contemplation, business leaders in China are turning to executive M.B.A.’s for a greater understanding of the global business world, how to be better corporate leaders and, increasingly, what to do after they have succeeded.
Twenty years ago, management education in China barely existed. While the first M.B.A. in the world was offered by Harvard University in 1908, it was not until 1991 that China introduced its own M.B.A. programs at a handful of schools. It took several more years for the first executive M.B.A. programs to open.
Today, China has 62 business schools offering executive M.B.A.’s to more than 8,000 students a year.
“At present, China’s executive M.B.A. education can hardly meet the huge demands of senior management talents due to China’s fast economic growth,” said Lu Xiongwen, the dean of the School of Management at Fudan University in Shanghai.