NUS and NTU ranked top 35 in Financial Times 2012 Global MBA Rankings (Singapore MBA News: Jan 15-29)

Happy Chinese New Year everyone!  In this week’s news… NTU and NUS both make top 35 in Financial Times worldwide annual MBA ranking… SMU will be in 11 cities in Asia this February and March… Dr. Alice Chu from the SMU MBA program is profiled… INSEAD launches an EMBA in Singapore… GMAC finds that it takes 4 years on average for MBA graduates to recoup their investment.  As always, my comments are in italics.

NUS, NTU among top 35 for MBA Programmes, NTU grads earn most (Straits Times) – NUS is ranked 23 and NTU 34 in Financial Times 2012 annual ranking.

SMU MBA Course Previews in Mumbai (Feb 7 and 8), Singapore (Feb 8), Delhi (Feb 9 and 10), Manilla (Feb 18), Tokyo (Feb 23), Ho Chi Minh City (Feb 29), Beijing (Mar 2 and 3), Seoul (Mar 3),  Shanghai (Mar 4 and 5), Jakarta (Mar 24), and Taipei (Mar 31) (SMU MBA website) – information sessions are a great way to meet faculty, administrators and students from the program.  You’ll get a much better feel for the program at these sessions than from brochures and websites.

An Internship During Her MBA Programme Leads Dr. Alice Chu to a New Career with Her Dream Company (Straits Times) – an informative profile piece on one of SMU’s full-time students and her experience attending SMU.  SMU has a smaller class size than NUS and NTU which SMU  students seem to treasure. Also, SMU released it’s profile for the Class of 2012 (see below), which includes both full-time and part-time classes. 

“We had practice professors and lecturers who have worked all over the world, but have extensive experience and knowledge of the Asian environment.”

Profile of MBA Class of 2012

Class size: 60 / Average age: 30 / Average work experience: 6  years / International students: 58% / Average GMAT: 649 / Women: 52%

Insead Launched Executive MBA in Singapore (Financial Times)

MBA Graduates Across the World Recover their Investment in 4 Years (Pagalguy)

The world average for recouping return on MBA investment is however four years, according to a survey of 4,135 MBA alumni from the batches of 2000 to 2011 conducted by the Graduate Management Admission Council (GMAC).

NTU Invites Applications for MBA Fellows Scholarship (Singapore MBA News: Jan 2-15)

My comments are in italics.

EMBA Opens New Doors (Sunday Times) – NTU’s Executive MBA is only EMBA in Singapore offering specialized tracks in Small and Medium Sized Enterprises, Shipping and Aviation. The full-time EMBA option includes stints at MIT’s Sloan School of Management and Wharton.

NTU Invites Applications for MBA Fellows Scholarship (Minglebox) – the Nanyang Fellows MBA program is targeted with a mid to senior level executives with over 8 years of work experience. They have a number of scholarships (deadline Jan 31 2012) for foreign applicants.

Achieving MBA Admission is More About “Why” than “What and How” (The MBA Exchange) – answering “why” in your essays is definitely moving, but answering “what and how” type essay questions are also important when applying to Singapore MBA programs.  “What and how” often show your professionalism and maturity.

“…the most significant difference among MBA applicants is not ‘what’ they’ve achieved, or ‘how’ they’ve accomplished it.  Rather the biggest point of difference is ‘why’ they have done what they’ve done.  Revealing the inspiration, vision, raison d’etre behind their past actions and future plans is the best way to differentiate and elevate a business school candidacy.”

SMU Earns EQUIS Accreditation and An Inside Look into the Admissions Process (Singapore MBA News: Dec 19 – 25)

Merry Christmas everybody!  My comments are in italics.

SMU Business School Earns EQUIS Accreditation (Channel News Asia) – SMU is now accredited by the AACSB and EQUIS, the 2 main accrediting bodies for business schools.  It only took SMU a few years to gain both accreditations, a testament to the school’s resources and reputation.

MBA: Benefits of Singapore over India (Career Because) – Vidit Chaudhary, currently an MBA student at Nanyang Business School, shares his thoughts on MBA life and opportunities in Singapore.

An Inside Look into the Admissions Process (Business Insider) – A Wharton MBA reflects on his experiences being on the admissions committee.  Although the specifics might be different for Singapore MBA programs (i.e. target GMAT score, the number of admissions officers evaluating your application), the overall advice offered for putting forth your strongest application is solid.  Definitely worth reading.

QS Ranks NUS MBA 4th, Nanyang MBA 12th and SMU MBA 25th in Asia (Singapore MBA News: Dec 12 – 18)

My comments are in italics.

QS Global Business School Report 2012 (QS) – the QS ranking is intended to measure from which MBA programs employers prefer to hire. 

NUS ranked 4th, Nanyang 12th and SMU 25th in QS’ Asia Pacific rankings.

“…the number of Asian and Australian schools featured in the QS Global 200 Business Schools Report has increased from 10 in 2004 to 36 this year – a massive rise in just seven years. This rapid rise in the number of internationally recognized schools is indicative of the improving standards of Asian institutions, as employers increasingly recognize the quality of MBA graduates from certain schools the region.”

Future Looks Surprisingly Rosy for 2012 MBA Graduates (Financial Times)

“According to the data, the number of companies planning to recruit MBA graduates in 2012 is 28 per cent higher than in 2011. For master in management degrees the figure is up 42 per cent. Some 22 per cent of companies are expected to hire more MBAs than they did this year and prospects for masters students are higher too.”

Yale Lures Insead and NUS to join its network of top schools (Financial Times)

“Unlike the European model for a Masters in Management degree, which is a pre-experience programme for those recently completing an undergraduate degree, the Yale programme [Masters in Management] will be for those who have already completed an MBA degree or equivalent at one of the schools in the network, initially NUS or Insead.”

Financial Times ranks NUS MBA 23rd and Nanyang MBA 27th (Singapore MBA News: Nov 28 – Dec 11)

My comments are in italics.

As Western economies flounder, international b-schools promote themselves on the back of Asia (Pagalguy) – Singapore has experienced the highest growth in Asia in terms of GMAT scores received.  Why?  My guess is for the following reasons: 1) in Singapore you can get a quality MBA education at value prices 2) Singapore is one of the most cosmopolitan cities in Asia with many MNC’s setting up their regional offices here 3) Many Asian MBA applicants, especially from India, are now targeting Singapore as a MBA destination due to its proximity, safety, relative affordability, and job opportunities, relative to the US and UK.

“According to the data released by the Graduate Management Admission Council (GMAC) using the registration data of the Graduate Management Admission Test (GMAT), business schools in Asia received nearly 43,000 GMAT score reports from examinees around the world in 2010. This marked an increase of 116% since 2006 with programmes in India (+142%), Singapore (+164%) and China (+89%) experiencing the largest percentage gains over the period.”

“A few days ago, GMAC CEO David Wilson while talking to the Wall Street Journal said that there had been a dramatic increase in the number of people choosing schools in Asia over those in the US over the past five years and that it had been the fourth year in which Asia had stood first the contribution of the number of applicants interested in an MBA.”

“The Nanyang Technopreneurship Center of Singapore’s Nanyang Technological University is doing something similar. Foo Say Wei, Deputy Director explained that its new offering called the Master of Science in Technopreneurship and Innovation Programme (MSc TIP) attempts to offer students an overview of three countries — Singapore, China and America and turn them into innovators and entrepreneurs of tomorrow.”

Top Skills MBA Grads Need for Success (Huffington Post) – I agree with many of the author’s conclusions.  Attending a MBA program outside your country and in a cosmopolitan city like Singapore will force you to develop your communication skills, resilience, global mindset, and ability to interpret a new social world.  You’ll also have many chances to practice your Mandarin (foreign language skills).

Go East, Young Entrepreneur (Forbes) – the headline is a bit misleading, as most entrepreneurs profiled are older and found success in China.  Nevertheless, developing economies in Asia do offer many opportunities for entrepreneurs.  But you got to be on the ground to see them!

Managerial Skills Have Undergone a Major Change (The Times of India)

“In the last few years, managerial skills have undergone a major change. Today, a good manager is not only one who can ensure the smooth functioning of an organisation, but one who can also perceive challenges and use his/her critical thinking skills to solve long-term problems. Further, with globalisation blurring the geographical location of businesses, a manager today needs to glide across different time zones, continents and countries and feel at home with the world.”

Citi Launches Innovation Lab in Singapore (Webwire)

‘Professor Bernard Yeung, Dean of the National University of Singapore (NUS) Business School says, ‘”NUS is proud to partner Citi in this business innovation, providing our academic expertise to developing cutting-edge research in transaction services. Our alliance to date has also resulted in various meaningful engagements, such as Citi’s sponsorship of projects in our MBA curriculum and provision of internship opportunities to our students.

Top Business Schools in Asia

“NUS Business School (Singapore) – Ranked among the leading business schools in Asia with No. 1 rank on Recruiter’s Choice (Asia), No. 23 on FT Rankings, and No. 27 on University Rankings. It has also been ranked among the world’s top 100 business schools by the Economist Intelligence Unit and Financial Times.

Nanyang Business School (Singapore) – NBS is ranked top in Singapore and ASEAN and top 25 in the world by the Financial Times (January 2009). The School is also consistently ranked among Asia’s top five business schools by the Economist Intelligence Unit.”

Singapore MBA Salaries Fifth Highest in Asia (Singapore MBA News: Nov 21 – 27)

My comments are in italics.

Rejected: Foreign MBA Applicants Face Major Hurdles (Fortune) – MBA applicants from Asia have a better chance applying to quality MBA programs in Asia as the majority of students are expected to be from Asia.

“Admission officials say there are many reasons for the discrepancy between the size of the international applicant pool and their portion of enrollment at their schools, from a need to craft more balanced and diverse classes to language difficulties that make some international students less attractive to the job market. No less important, they say, is an inability to meet the expectations of students from China and India to stay in the U.S. and gain visas to work here after graduation.”

Singapore MBA Salaries Fifth Highest in Asia (Asia One)

“The TopMBA.com Jobs and Salary Trends Report said the average salary of MBAs in Singapore was US$82,700 (S$106,691).”

The Benefits of Studying for an MBA in Singapore Over India (Business Because)

“Nanyang alumni also reiterated the idea that when you are studying in Singapore you are studying for an international MBA not a local MBA. The Nanyang MBA has 60 cohorts from 20 different countries and is very diverse.”

Nanyang MBA Deadlines are 31 Dec 2011 for Rd 1, 30 Mar 2012 for Rd 2 (Singapore MBA News: Nov 14 – 20)

My comments are in italics.

Nanyang MBA has updated their admissions deadlines for the class starting in Fall 2002 (Nanyang MBA Website) – although Nanyang encourages you to apply in Round 1, you should apply when you feel you have the strongest application – whether that means a stronger GMAT score, a better recommendation or more distinctive work experience.

“Round 1 is from 1 Oct 2011 to 31 Dec 2011.  Round 2 is from 1 Jan 2012 to 30 Mar 2012. Nanyang encourages you to apply in the first round to enhance your chances of getting admitted into the program.”

Asian MBA Programs Reach Out to the West (Singapore MBA News: Oct 31 – Nov 13)

My comments are in italics.

Asian Schools Reach Out to the West (Wall Street Journal) – Singapore MBA programs are hungry for western applicants.

“For years, Asian business schools have enrolled mostly students from the region, but now they’re aggressively recruiting Western applicants to improve their world-wide reputations and attract a broader swath of corporate recruiters.”

“The lackluster U.S. and Western European job market has already enticed some students with prospects of greener economic pastures in cities like Singapore and Shanghai, while others seek more global experience.”

“But even without additional language skills, schools say students can land jobs in finance and energy in Asia, or with regional companies looking to expand into international market, like the U.S. and Europe.”

“The schools, however, still have a way to go before they reach a critical mass of Americans and other Westerners.  Just 5% to 8% of Nanyang’s students are American citizens, and Indian School of Business, about 5% of the class is international. At CEIBS, about 40% of the student body is international, with one-third of that from the Americas. And at HKUST, which had almost no international students when Mr. DeKrey joined 16 years ago, Americans comprised 14% of the student body this year, second only to Chinese.”

Opening Doors to Success: Top MBAs Shape Asia’s Leaders of Tomorrow (Asian Correspondent) – it’s interesting to hear what MBA programs in the UK, US and Australia are doing to give their students exposure to Asia.  But why not live, study, and work IN Asia to build your knowledge, network and skills?

The link between creativity, freedom, and entrepreneurship (SGEntrepreneurs) – Singapore recently hosted the World Entrepreneurship Forum on Nov. 3. The Singapore government  has done much to encourage entrepreneurship in Singapore (see www.spring.gov.sg as an example).  Ultimately, nurturing innovation requires not only a great start-up support but also a flourishing cultural life.

“This opening up of Singapore society is what Banyan Tree Hotels & Resorts executive chairman Ho Kwon Ping described as the ‘New Normal’ — a term used to describe the changes to the country’s socio-political landscape leading up to and after the recent General Election in May 2011.”

Interview with NUS MBA’s Admissions and Marketing Officer Alan Chua (Singapore MBA News: Oct 18 – Oct 30)

My comments are in italics.

The Economist ranks MBA Programme at NTU’s Nanyang Business School top in Singapore for the 8th year running (Nanyang MBA Website)

“Nanyang Business School admits about 80 students to its full-time MBA programme every year, and another 40 who take the course on a part-time basis. About 20% of the full-time cohort comes from Europe, 5 to 10% from North America, and the rest, from Singapore and different parts of Asia.”

NUS Business School among world’s best: Princeton Review (Channel News Asia)

“The National University of Singapore (NUS) Business School is one of the world’s best outside the United States, according to The Princeton Review.

The school said in a statement on Saturday that the education services company put its MBA programme among the top 10 from non-US business schools in the new 2012 edition of the book, “The Best 294 Business Schools: 2012 Edition”.

NUS Business School was the only Singapore-based institution to be included in The Princeton Review’s list of Best Business Schools (International).”

Interview of Alan Chua, from NUS MBA’s Admissions and Marketing Department (MBA Crystal Ball)

“MBA Crystal Ball: How easy or difficult is it for NUS students (specifically international students) to get a job in Singapore in the current economy?

Alan: Typically, 60% of our students end up working in Singapore after graduation, with the rest managing to secure jobs in Asia and the rest of the world. For the batch that graduated in 2010, 93% managed to secure jobs within 3 months after graduation.”

Sitting Pretty (Financial Times) – UCLA-NUS EMBA program ranked fifth worldwide by Financial Times

“The UCLA-NUS Global EMBA is based in four locations over a 15-month period. While the programme is taught mainly at the home campuses of the two institutions, students also spend time in Shanghai and Bangalore. The the programme scores well on the Financial Times’ international course experience rank. Based on the percentage of classroom teaching hours outside the country in which a programme is primarily located, UCLA-NUS is ranked fifth overall.”

Jobless in America? Find Work in Asia (FINS Asia Pacific)

“Recruitment firms say the number of resumes they’ve received from Westerners looking for jobs in Asia has surged by between 15% and 35% since the financial crisis hit in 2008.”

NUS MBAs organize CEREBRATION 2011, one of the largest MBA competitions in the world (NUS MBA Website)

SMU, SUTD to cooperate in course, student development (Straits Times) – hopefully SMU MBAs will eventually be able to take more design and technology focused management courses.

Economist Ranks Nanyang MBA 69th and NUS MBA 86th (Singapore MBA News: Oct 11 – 17)

My comments are in italics.

MBA Degree Seekers Can Receive Help Managing Their Online Profile (US News) applicants should start “cleaning” their virtual profiles months before applying.

“MBA degree seekers should pay attention to their online history. highlighted the results of a recent Kaplan Test Prep survey of admissions officers from 265 of the nation’s top MBA programs. According to these findings, 27% of school officials reported that they have looked applicants up on Google, while 22% have logged on to Facebook and other social media websites to search for prospective students. In addition, 14% of admissions officers said that their web-based research turned up information that harmed their business school prospects.”

Internships are the Best Route to a Good Job for MBAs (Financial Times) – one crucial question to ask MBA programs is their internship placement process and results.

“According to data from the 2011 GMAC Corporate Recruiters Survey, internships are one of the best ways for job candidates to prove themselves in their targeted industry. Indeed, the employment of interns as full-time hires was notable in both the consulting and high tech sectors, with a 70 per cent rate of hire for interns.”

The Economist’s MBA Rankings for 2011: Top 30 // Full Rankings (Economist) – no Asian MBA program breaks the Top 30, Nanyang MBA ranked 69 and NUS MBA ranked 86.

“The four categories covered are: opening new career opportunities (35%); personal development/educational experience (35%); increasing salary (20%); and the potential to network (10%). The figures we collate are a mixture of hard data, such as salary and faculty qualifications, and the subjective marks given by the school’s students, such as a rating of their school’s facilities.”