Through systematic world-standard MBA education, BiMBA aims to nurture a group of executives with a mastery of the theories and practices of international business and build a group of leaders with knowledge, vision and entrepreneurship. The curriculum focuses on leadership and decision making skills, and application of advanced management theory in Chinese practices. The regular MBA program lasts for 18 months, with 10 weeks and 4 courses every semester. Internationally used MBA textbooks are employed and English is set as the teaching language, with the exception of the courses holding Chinese cases. Students could select Finance Concentration and General Management Concentration. Qualified students will be conferred the MBA degree of Fordham University, US. licensed by the Office of Academic Degrees Committee of the State Council of China.
Fundamental Courses
Business English
This course aims to improve the students' listening comprehension, speaking and writing skills in English used in the business context. The course will be centered on the key areas of business, such as office management, personnel, marketing, production & operations, finance, corporate culture, intercultural awareness, business practices, sales presentations, etc.
Business Mathematics
This course introduces fundamental methods of mathematics applied in business statistics, operations management, and managerial economics. The course focuses on linear algebra and differential and integral calculus.
Business Statistics
This course introduces the basic statistical concepts essential to economic and business research and decision making. These include business survey methods, descriptive statistics, probability distributions, parameter estimation, hypothesis tests, and fundamentals of regression analysis. Students will be able to analyze real world problems related to business management.
About half of the country's 2005 MBA graduates had received or accepted job offers by mid-March, according to Graduate Management Admission Council (GMAC) data, but those still looking can take solace in knowing that the market for MBAs, while still slow, is picking up after a three-year slump.
In a survey of more than 5,800 MBA graduates from 129 business schools worldwide, GMAC, which sponsors the GMAT, found that 2005 graduates reported receiving more offers than those who graduated in 2002, 2003 or 2004.
At the Wharton School at the University of Pennsylvania, one of the country's top MBA programs, associate director of MBA career management Scott Stallings has seen a "relatively healthy demand for MBAs this year, on par or slightly better than last year."
However, national data from Michigan State University's Collegiate Employment Research Institute (CERI) suggests the US MBA market is tight, with modest growth of 7 percent expected. Graduates from top-tier MBA programs such as Wharton won't lack job offers, but according to CERI director Philip Gardner, the rest of this year's MBAs face two challenges.
"One, there's a huge supply of MBAs coming through the pipeline," he says. "Everyone diverted into MBA programs when the economy was bad, so there are more grads than positions. Second, we've seen labor substitution where BAs are replacing MBAs. The salary structures are being compressed."
A Look at MBA Salary Data
In CERI's survey of 582 employers of all sizes and from a range of industries, respondents say they plan to offer salaries ranging from:
&S226;$45,700 to $57,000 for MBAs who majored in business administration versus $52,500 to $65,300 last year.
&S226;$51,900 to $71,800 for MBAs who majored in finance versus $55,400 to $71,000 last year.
&S226;$39,500 to $48,700 for MBAs who majored in accounting versus $43,400 to $49,700 last year.
&S226;$46,500 to $58,800 for MBAs who majored in marketing versus $41,700 to $52,200 last year.
Those with master's degrees (as opposed to MBAs) in the same disciplines can expect the same salary ranges as their MBA counterparts, according to the CERI survey.
MBAs will likely experience an "erosion of their salary base," the CERI study predicts. "While the lower end of their salary range is holding, the top end is being pruned back by about 2 percent. MBA salaries will increase in manufacturing, but decrease in professional services."
GMAC's survey, however, found that new MBAs who have accepted a job expect average annual base salaries of nearly $90,700, the highest level since 2001. Overall, GMAC is estimating starting salaries for 2005 MBA graduates to be $78,040, up from $72,021 in 2001?002.
While the data on Wharton's class of 2005 is not yet complete, Stallings reports a 10 percent to 12 percent increase in investment-banking salaries over 2004 levels and a 40 percent to 50 percent rise in the size of sign-on bonuses. Salaries for Wharton MBA grads going into corporate management have risen 4 percent to 6 percent, while sign-on bonuses have risen 30 percent or more in size in that niche, he adds.
Consulting, finance/accounting and healthcare/pharmaceuticals are the hottest sectors for this year's crop of MBAs, according to GMAC.
The Fine Print
The differences between the GMAC and CERI data may occur because the GMAC data is self-reported and comes from a diverse group of global students, Gardner said. "Maybe everyone who answered is from Harvard, and no one from Frostburg State answered," he says. The GMAC survey included citizens from 110 countries, and 42 percent of respondents were non-US citizens.
The CERI data, meanwhile, includes employers that don't recruit on campuses and smaller companies that were more pessimistic about the labor market, which also influences the results.
Fundamental Courses
Business English
This course aims to improve the students' listening comprehension, speaking and writing skills in English used in the business context. The course will be centered on the key areas of business, such as office management, personnel, marketing, production & operations, finance, corporate culture, intercultural awareness, business practices, sales presentations, etc.
Business Mathematics
This course introduces fundamental methods of mathematics applied in business statistics, operations management, and managerial economics. The course focuses on linear algebra and differential and integral calculus.
Business Statistics
This course introduces the basic statistical concepts essential to economic and business research and decision making. These include business survey methods, descriptive statistics, probability distributions, parameter estimation, hypothesis tests, and fundamentals of regression analysis. Students will be able to analyze real world problems related to business management.
About half of the country's 2005 MBA graduates had received or accepted job offers by mid-March, according to Graduate Management Admission Council (GMAC) data, but those still looking can take solace in knowing that the market for MBAs, while still slow, is picking up after a three-year slump.
In a survey of more than 5,800 MBA graduates from 129 business schools worldwide, GMAC, which sponsors the GMAT, found that 2005 graduates reported receiving more offers than those who graduated in 2002, 2003 or 2004.
At the Wharton School at the University of Pennsylvania, one of the country's top MBA programs, associate director of MBA career management Scott Stallings has seen a "relatively healthy demand for MBAs this year, on par or slightly better than last year."
However, national data from Michigan State University's Collegiate Employment Research Institute (CERI) suggests the US MBA market is tight, with modest growth of 7 percent expected. Graduates from top-tier MBA programs such as Wharton won't lack job offers, but according to CERI director Philip Gardner, the rest of this year's MBAs face two challenges.
"One, there's a huge supply of MBAs coming through the pipeline," he says. "Everyone diverted into MBA programs when the economy was bad, so there are more grads than positions. Second, we've seen labor substitution where BAs are replacing MBAs. The salary structures are being compressed."
A Look at MBA Salary Data
In CERI's survey of 582 employers of all sizes and from a range of industries, respondents say they plan to offer salaries ranging from:
&S226;$45,700 to $57,000 for MBAs who majored in business administration versus $52,500 to $65,300 last year.
&S226;$51,900 to $71,800 for MBAs who majored in finance versus $55,400 to $71,000 last year.
&S226;$39,500 to $48,700 for MBAs who majored in accounting versus $43,400 to $49,700 last year.
&S226;$46,500 to $58,800 for MBAs who majored in marketing versus $41,700 to $52,200 last year.
Those with master's degrees (as opposed to MBAs) in the same disciplines can expect the same salary ranges as their MBA counterparts, according to the CERI survey.
MBAs will likely experience an "erosion of their salary base," the CERI study predicts. "While the lower end of their salary range is holding, the top end is being pruned back by about 2 percent. MBA salaries will increase in manufacturing, but decrease in professional services."
GMAC's survey, however, found that new MBAs who have accepted a job expect average annual base salaries of nearly $90,700, the highest level since 2001. Overall, GMAC is estimating starting salaries for 2005 MBA graduates to be $78,040, up from $72,021 in 2001?002.
While the data on Wharton's class of 2005 is not yet complete, Stallings reports a 10 percent to 12 percent increase in investment-banking salaries over 2004 levels and a 40 percent to 50 percent rise in the size of sign-on bonuses. Salaries for Wharton MBA grads going into corporate management have risen 4 percent to 6 percent, while sign-on bonuses have risen 30 percent or more in size in that niche, he adds.
Consulting, finance/accounting and healthcare/pharmaceuticals are the hottest sectors for this year's crop of MBAs, according to GMAC.
The Fine Print
The differences between the GMAC and CERI data may occur because the GMAC data is self-reported and comes from a diverse group of global students, Gardner said. "Maybe everyone who answered is from Harvard, and no one from Frostburg State answered," he says. The GMAC survey included citizens from 110 countries, and 42 percent of respondents were non-US citizens.
The CERI data, meanwhile, includes employers that don't recruit on campuses and smaller companies that were more pessimistic about the labor market, which also influences the results.
