1. Chapter 47. Executive Master of Business Administration (EMBA) Section 10. Education System The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA) 1

2. Outline Introduction Overview Who enrolls in EMBA programs and why The EMBA experience Road ahead 2 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

3. Introduction In China, even the most successful people can never have too many degrees and certifications. It is quite common for both successful business owners and senior executives to enroll in EMBA programs. 3 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

4. Introduction Chapter 47. Executive Master of Business Administration (EMBA) 4

5. Overview In 2002, the authority approved EMBA education programs at 30 institutions. ⁻by 2013, more than 60 universities had been approved to offer EMBA degrees. EMBA programs vary substantially. ⁻schools are given much more freedom to determine their content and structure. 5 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

6. TYPEENTITYSTUDENTSROLE MODEL “SOE”government-run universities business owners, senior executives from private companies and SOEs, and government officials Peking University Fudan University Tsinghua University Shanghai Jiaotong University “PMC”independent, private business schools business ownersCheung Kong Graduate School of Business (CKGSB) “FCC”joint venture business schools senior executives from FCCs China Europe International Business School (CEIBS) Overview 6 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

7. Overview Students must take a certain number of courses, some required and some optional, and write a thesis. The normal length of the program is 2 years, and students typically meet once a month for 4 days. 7 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

8. Overview The scale of these programs has expanded substantially both in terms of size and the number of programs. – E.g., some programs recruit 700 each year – Although tuition has increased substantially to USD 100,000, the number of applications has not decreased. 8 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA) EMBA graduates of Fudan University.

9. Who enrolls in EMBA programs and why Who? ⁻business owners: decreasing ⁻processional managers (executives at various levels and different types of companies): increasing ⁻government officials: decreasing ⁻freelance professionals (lawyers, doctors, reporters, actors, etc.): a small proportion 9 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

10. Who enrolls in EMBA programs and why The percentage of professional managers is increasing and they now comprise the majority of each EMBA class. 10 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

11. Who enrolls in EMBA programs and why EMBA students in China are unique in several ways: ⁻some are very wealthy, billionaire, multimillionaire ; ⁻some students are very senior corporate executives; ⁻some students are powerful government officials: ⁻huge variations across the EMBA students. ⁻Wide age range 11 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

12. Who enrolls in EMBA programs and why Why enroll? to establish and expand their higher level circles; for future career advancement, or to gain respect (or credibility); ̶e.g., 87% of provincial officials have master degrees or above ; ̶degree fake scandal to gain knowledge; to enroll in EMBA programs at elite schools and fulfill their childhood dreams. 12 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

13. The EMBA experience A dedicated administrative staff member to help the class organize events and address any issues. A cadre system, where they elect a class president and 5 to 8 other students who serve as the management team. Resident coerces combined with off-site courses Dynamic classroom experience: heated arguments 13 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

14. The EMBA experience Interaction with classmates and alumni. E.g., come to visit a hometown of the fellow student other activities outside the classroom and form clubs. E.g., “Walking the Gobi Desert” engage in business collaborations 14 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)

15. Road ahead The golden age of the EMBA program in China may have already passed. The number of EMBA students and applicants will continue to increase, comprised of middle level mangers. Competition among EMBA programs will continue to heat up. EMBA alumni will influence China beyond its economic development. 15 The Chinese Way, Ding and Xu, 2014 Chapter 47. Executive Master of Business Administration (EMBA)