How much would you pay for an MBA degree?
If you answered HK$1 million, you would be in a camp that believes it’s worth every cent.
In fact, an MBA costs about HK$1.25 million, which covers tuition, books and course materials, meals and accommodation.
But cost, although important, is only one consideration.
Richard Johnson, associate dean of the EMBA program for Europe and Asia of the University of Chicago Booth School of Business, said it is best to choose accredited institutions that also have a rich history.
Prospective business students should check if the institution is listed on the Association to Advance Collegiate Schools of Business.
They can also check if the program is accredited by the Hong Kong Council for Accreditation of Academic and Vocational Qualifications.
Booth School of Business offers a 21-month Asia Executive MBA (EMBA) program in Hong Kong.
It charges HK$1.25 million which includes course materials, meals and hotel accommodation for two residential weeks in Chicago and one residential week in London.
The Asia EMBA program relocated to Hong Kong in 2014 from Singapore where it ran for 13 years.
The move was aimed at attracting a wider market of multinational students, Johnson said.
“It was harder to attract students from North Asia when we were in Singapore,” he said.
“Here, it’s easier to reach out to Asian students from different countries.”
That makes Hong Kong the only venue of the EMBA program outside of Chicago and London.
Johnson ruled out a move to mainland China anytime soon, although the University of Chicago already operates a center in Beijing but does not offer tertiary degree programs.
For Johnson, a four-year Singapore resident, Hong Kong will be home for the foreseeable future.
“I love Hong Kong. It is very lively with an interesting culture,” he said. “Hong Kong and Singapore are very efficient and modern.”
Plus, Johnson likes dim sum and has a penchant for roast goose from Yung Kee Restaurant.
And to soak it all in, Johnson is attending Cantonese classes.
This article appeared in the Hong Kong Economic Journal on Dec. 11.
Translation by Darlie Yiu
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