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Follow on Google News | Asian Business Schools come together in China to build linkages and connect global talent– Seventy Business School leaders converged in Shanghai this week for the Graduate Management Admission Council’s Asia Pacific Conference.
By: GMAC The need for Business Schools to educate and develop globally-minded graduates with strong interpersonal, leadership and communication skills was a key outcome from the conference. Industry experts from PwC, LinkedIn, Liberty Insurance and WeChat among others shared insights with delegates from China, South Korea, Australia, Philippines, India and Singapore on connecting with and growing Chinese talent. The Graduate Management Admission Council, which administers the GMAT exam on behalf of business and management programs worldwide, fosters engagement between Chinese and global Business Schools. “We are pleased to bring our Asia Pacific Conference to Mainland China for the first time and provide a platform for Asian Business Schools to learn, share and discuss this critical topic of connecting talent” said Sangeet Chowfla, GMAC president and CEO. “Business Schools are developing the talent pipeline needed to bridge China’s skill gap and achieve its targets for growth. GMAC is a partner in this mission by connecting Chinese citizens with 6,100 Business and Management programs worldwide through the GMAT Exam” Chowfla continued. In 2014, 57,783 Chinese citizens sat the GMAT exam, a 9 percent increase from 2013 and sent 143,524 GMAT score reports to business and management programs worldwide. While Master of Finance and Master of Accounting programs are the most popular degree programs, receiving 70 percent of all GMAT scores from Chinese citizens, score sending is increasing to other programs including Marketing, Data Analytics and Supply Chain Management. Leading corporate recruiters at the conference shared trends in engaging and recruiting talent from Business Schools. According to GMAC’s survey of graduating students in the Class of 2014, 82 percent of Chinese students at Business Schools agree that their education provided them with a competitive advantage in the job market. Graduates worldwide cite an 80 percent increase in new job offer compensation over their pre-degree salary. Business School leaders from China, India and the USA led a panel discussion on how to build a successful model for school partnerships. The growth in joint programs between Chinese and foreign Business Schools is offering opportunities for students to gain to a truly international study experience which is helping cultivate global citizens. “Fudan’s management school is increasing its international influence. We have many joint programs and student exchange initiatives with world leading business schools, which is leading to a growing proportion of international students studying at Fudan,” said Lu Xiongwen, Dean of Management School, Fudan University. “We are also making great efforts to establish programs outside of China. With GMAC as our partner, together, we enable students to benefit from studying globally,” Lu continued. The demand for globally minded talent is reinforced in GMAC’s 2014 Corporate Recruiters Survey of 565 employers from 44 countries who listed communication, teamwork, technical skills as the top 3 skills sought in new hires. GMAC’s Reflect™ Self-Assessment and Development tool helps guide Business School students to enhance the skills that matter most to employers. GMAC’s 2015 Asia Pacific Conference will be held in Manila, Philippines at the Asian Institute of Management. About GMAC: The Graduate Management Admission Council (gmac.com (http://ctt.marketwire.com/? End
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