Loyola University New Orleans and 24 other universities join Peking University in offering first recognized US MBA in Bejing
Loyola press release - April 3, 1998
(New Orleans)—Loyola University New Orleans joined Peking University in Bejing, China and 24 other American business schools in creating the Bejing International Management Center, it was announced today by J. Patrick O’Brien, dean of the College of Business Administration.
This new cooperative educational venture will offer the first foreign MBA in Bejing to be recognized by the Chinese State Council, the government’s highest administrative body. It will be located on the campus of Peking University, China’s oldest and most prestigious university. The MBA will bring an American curriculum and American business courses into a Chinese context, combining the best of each tradition. The program will be entirely in English with professors provided equally by Peking University and by the United States consortium. By combining the resources of 24 universities, the United States consortium has a combined business faculty of well over a thousand professors holding doctorates in business fields, and access to most of the major markets in the United States.
The China Center for Economic Research (CCER) will administer the program for Peking University. Fordham University’s Graduate School of Business, accredited by the AACSB-The International Association for Management Education, will grant the official degree for the United States Consortium, offering a MBA in international management, recognized in both countries. In addition to the Fordham degree, the graduates will receive a diploma signed by Peking University and the business deans of all 25 United States universities in the consortium.
In making this announcement to the Loyola community, Dean O’Brien said “We are excited to participate in this global educational venture. Our participation will add a new dimension to our business curriculum which will strengthen our students’ educational experience in global business matters. In addition, it will allow our faculty the opportunity to teach future business leaders of China.”
In addition, Rev. Bernard P. Knoth, S.J., university president, states “Our College of Business Administration has been recognized nationally and internationally for providing a superior educational experience. Our participation in this program will only enhance our global stature as well as provide our faculty and students with exciting opportunities.”
During a recent ceremony held in Bejing to officially sign the agreement, Peking University Vice-President He Fangchuan stressed the growing importance of this program “as the globe becomes smaller.” Calling the program the “beginning of serious business education at Peking University,” he said that this joint Chinese-American MBA “will develop world class managers with a global perspective who are very important for China’s future.”
Dr. Ernest Scalberg, dean of the Graduate School of Business Administration at Fordham University, stated that he was privileged to represent the 25 United States university deans at the signing ceremony and expressed confidence that this MBA program will “turn a group of young enterprising individuals into the leaders of business around the world.” “This is a unique opportunity,” Dean Scalberg continued, “for American and Chinese students and faculty to build bridges while developing international markets.”
The Chinese government estimates that its economy needs 300,000 MBA’s in order to help privatize state-run companies and enable Chinese industry to better compete globally.
This Chinese-American International MBA will accept an initial class of 80 students half in a part-time program and half in a full-time program. While the MBA is designed for Chinese students, about 20% of the student body are expected to be full-time students from other countries who wish to get an American MBA in China. In addition, students enrolled in the MBA program at Loyola University New Orleans and other consortium institutions will be able to spend a semester at the Bejing International Management Center if they should so chose. “This collaboration will give our students a unique opportunity to study in China, a country which will be a major trading partner and a major market in the 21st century” adds Dean O’Brien.
Pre-requisite courses and courses in intensive business English will start as early as June 1998 with the first of the MBA courses starting in May of 1999. In addition to the four 10 week modules of upper division courses, the students take summer classes at Loyola University New Orleans or any of the consortium universities, or do an internship in the United States or China, or participate in a United States study-tour.
The 25 consortium universities are all part of the Jesuit university system located in most major United States cities. “These private Jesuit institutions offer the very latest in international studies shaped by a 400-year old tradition that emphasizes a rigorous personalized education, questioning and ethics,” said Fordham’s Dean Scalberg. “I believe that the centuries of commitment to the high quality intellectual training provided by Jesuit institutions from around the world contributed to our acceptance in China.”