U.S. Universities Open MBA Program in Hong Kong to Serve Executives

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HONG KONG--University of Chicago's Booth School of Business (Booth) is to set to launch its Executive Master of Business Administration (EMBA) program in Hong Kong to attract students from China, reports Ming Pao Daily.

Closing its 13-year-old site in Singapore, Booth signed a 10-year contract with the Hong Kong government to develop a new campus after winning a land bid. The school chose Hong Kong over Singapore, Ming Pao reports, because it is closer to the rapidly developing Mainland China, and thus, more convenient for China's corporations and their senior managers. The EMBA program, different from the traditional MBA, is tailored to senior-level professionals to advance in their careers.

“The proximity (of Hong Kong) to China, the world's second-largest economy, is particularly attractive,” said Sunil Kumar, the faculty dean, explaining that Hong Kong’s legal environment and economic freedom are other advantages. Commencing in 2014, the program will be held in an interim campus for 2-3 years before settling into the historic Morrison Hill campus.

The first ever EMBA program was founded by Booth, which is ranked 10th among EMBA programs by the Financial Times. Taught by world-class professors from University of Chicago, the nearly two-year program will cost 1.26 million Hong Kong dollars ($160,000 USD).