2010年10月27日

解读FT2010全球EMBA排行榜 Rising demand: executive MBA sector shows healthy growth

 

英国《金融时报》2010年全球EMBA排行榜的发布,标志着该排行榜跨入第十个年头。今年的前三甲课程,没有一个登上过2001年英国《金融时报》首次发布的排行榜;这些课程的崛起,是过去十年EMBA市场迅速成长与日趋多样化的证明。

合作是前三甲课程共同的主题。排在第三的课程是Trium,由法国巴黎高等商学院(HEC Paris)、伦敦政治经济学院(London School of Economics and Political Science)、纽约大学斯特恩商学院(Stern School of Business at New York University)联合推出。Trium学员要在这三个校园内完成六个学习单元,另外还要去两个新兴市场国家学习一段时间。

哥伦比亚大学商学院(CBS)与伦敦商学院(LBS)合作的课程排在第二。该EMBA课程的安排与Trium类似——学员在整个课程期间要在两个校园内学习。它还在其它地方提供选修课、课外练习与研讨会,其中包括在上海与香港。

排在第一的,是凯洛格管理学院(Kellogg School of Management)与香港科大商学院(HKUST Business School)联合推出的课程。该课程大部分教学都在香港科大商学院校园中完成,但学员们有两周时间必须要在位于伊利诺斯州埃文斯顿的凯洛格艾伦中心(Kellogg’s Allen Center)度过。

2001年时的情况则迥然不同:当时,跨学院、跨校园课程正处于发展初级。事实上,当英国《金融时报》于当年10月份首次推出该排行榜时,这类课程的未来似乎还存在疑问。因为,在9/11恐怖袭击后,跨国学习的吸引力出现下降。

不过,英国《金融时报》全球EMBA排行榜所整理的数据显示,商学院只受到短期冲击。事实上,自那以后,EMBA项目不断壮大。2001到2010年,英国《金融时报》排行榜收录的课程数量增长了一倍,从最初的50个增长至如今的100个。这反映出,尽管需要同时应付学习与全职工作,但资深管理人士对EMBA课程的需求从未中断。

尽管在该排行榜上美国仍然是EMBA课程最重要的所在地,但跨地区课程的数量仍出现了增长(见下表)。这些跨校园课程有两种安排方式:一种是在不同国家的不同商学院学习,就像Trium课程一样;另一种是在同一商学院于不同地点开办的校区学习,欧洲工商管理学院(Insead)与芝加哥大学布斯商学院(University of Chicago Booth School of Business)等采用的就是这种模式。

2001年,上榜的全部50个课程均是单一学院、单一地点课程。到2003年时,跨地点课程开始进入排行榜。这一“姗姗来迟”在一定程度是由入选标准造成的:即,课程开设时间须达到四年;在排行榜发布前,课程首批学员须至少已毕业三年时间。那年上榜的75个课程中,有四个为跨地点课程。这一数字自那以来一直在增长,今年已达到17个。

跨国EMBA课程的崛起,导致排行榜上排名靠前与靠后课程的差距不断拉大。

毕业生薪资是拉开差距的关键因素之一。2001年,英国《金融时报》对1998届毕业生做了调查。调查显示,宾夕法尼亚大学沃顿商学院(Wharton School, University of Pennsylvania) EMBA课程的毕业生薪资最高,毕业后三年的平均薪资为20万美元出头(以购买力平价衡量);薪资最低毕业生的薪资大约为5万美元,所有毕业生的薪资中值为12.5万美元。

到2010年时,最高与最低薪资的差距大幅扩大。凯洛格-香港科大商学院EMBA课程毕业生的薪资最高——平均为39.2万美元出头,大约是最低薪资组平均薪资的四倍。此外,毕业生平均薪资中值接近15.1万美元——这意味着,排行榜中有一半课程的平均薪资比凯洛格-香港科大商学院EMBA课程低了至少24万美元。

英国《金融时报》收集到的毕业生薪资涨幅数据展示出另一番景象。薪资涨幅,衡量的是学员开始参加课程时与毕业三年后薪资的差异。尽管EMBA对薪资的提振赶不上传统MBA——主要是因为EMBA学员参加课程时的职位与薪资本来就高——但毕业生完成学位后,薪资水平一般也会有可观幅度的提高。

2001年排行榜中,50个接受调查的毕业班,有39个(占78%)平均薪资涨幅在60%或以上,毕业生薪资涨幅中值为76%。自2001年以来,涨幅中值水平出现了下降,今年仅为55%。2010年上榜的100个课程中,有61个课程毕业班的平均薪资涨幅为60%或以下。

译者/董琴

 

http://www.ftchinese.com/story/001035211

 

 

The Financial Times ranking of executive MBA programmes for 2010 marks the 10th anniversary of the classification. The rise of this year’s top three courses, none of which featured in the inaugural table in 2001, is testament to the rapid growth and diversification within the EMBA market over the past decade.

Co-operation is the common theme among the first three. Third place is occupied by the Trium programme, a joint offering from HEC Paris, the London School of Economics and Political Science, and the Stern School of Business at New York University. Trium participants complete six study modules, moving between the three campuses, in addition to time spent in two emerging-market countries.

The partnership between Columbia and London Business School is at number two. The structure of this EMBA programme is similar to that of the Trium degree, with participants alternating between the two campuses throughout the course. It also offers electives, assignments and seminars in other locations, including Shanghai and Hong Kong.

Leading the table is the link-up between the Kellogg School of Management and the Hong Kong University of Science and Technology. Most of the teaching is carried out at the HKUST campus, although a two-week stint at Kellogg’s Allen Center in Evanston, Illinois, is a mandatory part of the degree.

Things were rather different back in 2001, when multischool, multicampus programmes were in their infancy. Indeed, when the first ranking was launched in October of that year, the very future of such programmes seemed to be in doubt; after the terrorist attacks of September 11, the prospect of travelling internationally became less attractive.

Yet, data collated from the FT rankings show that any impact felt by business schools was only short term. In fact, since then, the EMBA programme has gone from strength to strength. Between 2001 and 2010, the number of courses included in the FT league table has doubled, from 50 in the original classification to 100 in 2010. This reflects the continued demand for programmes aimed at experienced managers who need to juggle their studies with full-time employment.

While the US remains the predominant location of EMBA programmes in this ranking, the number of courses offered in more than one location has grown (see chart below). These multicampus programmes are delivered in two ways: the first involves studying at more than one business school in different countries, as with the Trium programme. The second – adopted by Insead and the University of Chicago’s Booth School of Business, among others – entails schools setting up campuses in more than one location.

In 2001, all 50 programmes ranked were single-school, single-location options. By 2003, multilocation programmes started to enter the ranking. This delay was in part explained by the criteria for inclusion: each programme must have been running for four years, and it must have graduated its first class at least three years before the publication of the ranking. Four of the 75 courses listed that year were taught in two or more locations. This number has continued to rise ever since, reaching 17 this year.

The rise of the international EMBA has led to a widening gap between the top and bottom programmes in the ranking.

Earnings stand out as a key differentiator. In 2001, when the class of 1998 was surveyed, the top-earning alumnus group was from the Wharton School’s EMBA programme at the University of Pennsylvania, reporting an average salary three years after graduation of just more than $200,000 (measured in purchasing power parity equivalents). This left these students better off by roughly $150,000, compared with the lowest-earning graduates, and contrasted with a median of $125,000.

 

By 2010, the earning difference between top and bottom has widened considerably. Graduates of the Kellogg-HKUST EMBA enjoy the highest salaries – on average, slightly more than $392,000, or roughly four times the average at the bottom of the scale. Meanwhile, the median alumnus wage average is almost $151,000, which means salary averages for half of the programmes ranked are lower by at least $240,000 compared with that of Kellogg-HKUST.

Data gathered on the alumnus salary increase (a measure of the difference in wage between starting the degree and three years after graduation) show a different picture. While the EMBA has never afforded the same salary boost as the traditional MBA – largely due to the seniority and wage of participants on entering the programme – graduates can typically expect a sizeable increase in remuneration after completing the degree.

In the 2001 ranking, 39 of the 50 graduating classes surveyed (78 per cent) reported average salary increases of 60 per cent or more. The median alumnus group salary increase was 76 per cent. Since 2001, the median increase has dropped, reaching 55 per cent this year. The graduating classes of 61 of the 100 programmes listed in 2010 reported an average salary increase of 60 per cent or less.

 

http://www.ftchinese.com/story/001035211/en

 

http://rankings.ft.com/businessschoolrankings/emba-rankings-2010

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