HKUST Business School

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HKUST Business School
香港科大商學院
UST.svg
Established 1991
Dean Prof Kalok Chan (Acting)
Academic staff ~140
Undergraduates ~2,100
Postgraduates ~800 Postgraduate including ~400 MBA
Location Clear Water Bay, Kowloon
Campus Urban
Colors UST Gold, UST Blue[1]
Affiliations Hong Kong University of Science and Technology
Website www.bm.ust.hk

Established in 1991, the School of Business and Management of The Hong Kong University of Science and Technology, also known as HKUST Business School, is a business school in Hong Kong.

Accreditation[edit]

HKUST is the first business school in the region to be awarded accreditation by both the US-based Association to Advance Collegiate Schools of Business (AACSB International) and European Quality Improvement System (EQUIS).

Rankings[edit]

Business School Ranking
U.S. MBA
Forbes[2] 11
Worldwide MBA
Financial Times[3] 8

The HKUST Business School is ranked amongst the top business schools in Asia and Australia in the global MBA rankings since 2001.In 2012, the HKUST MBA program has been ranked world TOP 10 by The Financial Times. In 2007, 2009, 2010, 2011 and 2012, the Kellogg-HKUST Executive MBA program, jointly organized with Kellogg School of Management of Northwestern University, was ranked number 1 in the world. 2007 was the first time an Asian based program obtained a number 1 spot in an international survey. The publication also ranked HKUST Business School number 27 in the world – as well as best in Asia and Australia – 2004 and 2005 for the quality of executive programs offered.

Describing HKUST as a top-ranked Asian school, the EIU said the School’s full-time faculty teaching on the MBA program are all PhD qualified. It also described the School as having excellent facilities, with easy access to markets such as China and turns out graduates who are much coveted by employers across the world.

The Financial Times Global MBA ranking 2012 consists of a range of criteria and the HKUST MBA is ranked world no. 7 for international experience and Asia no. 1 for research. A typical HKUST full-time MBA class represents over 90% non-local nationality and more than 25 different nationalities in a class size of around 110 students. A part-time MBA class has 80 to 100 students representing around 40% non-local nationality.

In 2012, the Kellogg-HKUST Executive MBA program has again topped the Financial Times’ survey of EMBA programs, the program’s fourth consecutive year in the No.1 spot of the ranking. It had a clear overall lead with high scores in the areas of the extent to which the graduates fulfill their goals for taking the program, their diversity, and their work experience. This is the fifth time that the program has taken the No. 1 position (2007, 2009, 2010, 2011 and 2012), and also extends the program’s streak to eight years of being ranked among the top three in the world since 2005.

The program is ranked the world's No. 1 in terms of “Aims Achieved”, which measures the extent to which the alumni fulfilled their most important goals for taking the program. The average number of years of working experience of the 2009 class was 14, ranked No. 2 by the Financial Times. According to the ranking, the Kellogg-HKUST EMBA graduates' average salary of three years after graduation reached US$465,774 per annum, an increase of 42% comparing with their average pre-EMBA salary. The average salary is the highest among the 100 EMBA programs surveyed.

Faculty Research[edit]

The research conducted by the faculty of HKUST Business School has been ranked among top 20 in the world by the Financial Times in its 2012 MBA ranking. Finance research was recognized as number 1 in the region by the academic journal Financial Management in 2002. Marketing research was also ranked number 9 in the world based on publications in top journals from 2001-04. In 2003, the Journal of the European Economic Association named HKUST Business School as number 1 in Economics research in Asia-Pacific.

Media Mentions[edit]

HKUST is one of very few schools in Asia to be mentioned repeatedly by international media. In November 2004, the Financial Times said it was “…One of the most respected business schools in Asia…”. In 2006, The Economist Intelligence Unit, described it as “…Having one of the world’s best-qualified faculties…” in October. In the same month, the Financial Times ran a feature on Prof. K.C. Chan, then dean of the HKUST Business School. Prof. Chan became Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region in 2007.

Exchange[edit]

The School of Business provides a realm of exchange opportunities for its students. In the year 2013/14, close to 400 of our business undergraduates will spend a term in one of 122 well known and respected business schools around the world. Students can choose to exchange at top universities like Berkeley, Pennsylvania and Mcgill.[4]

Student Perspectives[edit]

The Hong Kong University of Science and Technology has been nicknamed the Hong Kong University of Stress and Tension or University of Suicide and Tragedy.[5] Due to its stringent grade boundaries where only 15-20% of the class can achieve an A grade. Given the very high caliber of students at HKUST, this means that an individual may get a C grade even if they scored 96% on an exam because the mean is 98%. As this happens frequently HKUST has taken a heavy and tragic toil on its students, as there have been multiple cases of suicide.[6] HKUST continues to grade based on a curve regardless of the lives lost and evidence that grading on normal distribution is a futile and pointless exercise.[7][8]

See also[edit]

References[edit]

External links[edit]

Coordinates: 22°20′10″N 114°15′56″E / 22.33620°N 114.26556°E / 22.33620; 114.26556