Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Shanghai business school enrollments spiral
Adjust font size:

White collar workers are thronging to Master of Business Administration (MBA) schools in Shanghai as the current sag in the economy leads to a sluggish job market, Shanghai Morning Post reported on January 6.

According to Shanghai-based China Europe International Business School (CEIBS), the number of applicants in its current enrollment grew 36 percent year on year. Other business schools in the city also registered a yearly increase of 10 to 20 percent in their enrollments.

An anonymous industrial insider said the phenomenon represents an international trend in which many of the white collar workers in America and European countries choose to resume studies when the economy slows down. According to the analyst, the past trend in China was the opposite. "Employees would attend schools when the economy was going well, but were reluctant to pay tuition fees when faced with the risk of recession – they needed to secure their jobs."

However, the situation has changed in recent years. Some MBA students told Shanghai Morning Post that they plan to improve their qualifications to better their prospects of finding quality jobs in the tough times caused by the financial crisis.

According to Lydia J. Price, the associate dean and academic director of MBA Program, CEIBS, the school's enrollment has registered an increase in the current semester and has not been affected by the global financial crisis. Moreover, this year, the school is attracting higher numbers of international students, who now account for about half of the total intake.

But Ms Price also said the financial crisis has impacted on students' employment prospects. This year, the number of job fairs in the school was down compared with the same period last year. According to her, it will take longer for MBA students to find jobs in the period of economic recession.

(China.org.cn by Wu Jin, January 6, 2009)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Shanghai embracing for more layoffs
- China pledges to boost employment in 2009
- Hard times ahead in Shanghai
- China to create 9 mln urban jobs in 2009

Jan. 8-9, Beijing Construction Innovation Country Forum Annual Meeting
Jan. 14-16, Nanjing China Expo Forum for International Cooperation
Jan. 29 - Feb. 1, Switzerland World Economic Forum Annual Meeting

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?