Top-level executives and government leaders in China's largest commercial hub will begin classes Sept. 20 at the Arizona State University W.P. Carey MBA Shanghai, believed to be the first time a U.S. business school has partnered with the government of the People's Republic of China.
Two-thirds of the first class of 65 hold the position of chairman, chief executive officer, or executive/senior vice president in China's largest state-owned enterprises. The program has attracted senior officials of government agencies who oversee Shanghai's financial markets and state-owned companies.
“The significance of this is extends ASU's reputation as a global player,'' said Phil Regier, the school's interim dean. "W.P. Carey will be recognized as a leading international school. Also it will open up business to business connections between China and Arizona that we've never had before.
"All top business schools have international components, but we have not had the single program with the visibility to give us an international reputation,'' he said. "There are a lot of MBA programs that have been set up by American universities, but this program will be under the Ministry of Finance. It is designed to develop the intellectual capital at the highest levels of the state-owned enterprises."
The W.P. Carey MBA Shanghai was developed in cooperation with the Ministry of Finance, and will be delivered in collaboration with the Shanghai National Accounting Institute.
The Carey school already has program in Beijing, launched five years ago to prepare high-potential Chinese managers for advancement within Motorola China.
In contrast to the online degrees offered by U.S. schools in China, the W.P. Carey MBA Shanghai will be delivered face-to-face in Mandarin, pairing some of the world's most brilliant scholars with a representation of China's economic leadership.
The teaching team includes professors from the Carey School and other major U. S. business schools, including MIT, New York University, Stanford and Yale.
"Shanghai is not only the economic and financial center of China, but also the future powerhouse for its tech, bio-tech, auto and software engineering sectors," said Buck Pei, associate dean for Asia Pacific Programs at the W.P. Carey School. "The leaders in Shanghai will most likely lead China in the future — and many of them are enrolled in the W. P. Carey MBA."