What’s an MBA good for, really?
How can I benefit from it and will it make a difference in my career?
The Masters of Business Administration (MBA) has become such a prestigious degree for business professionals, and for a good reason. The financial rewards for earning an MBA are as strong as ever, especially if you study an MBA in China.
MBA graduates from top Chinese business schools typically obtain salaries 50% higher than what they were earning in the year before. Whether it’s in Fintech or green energy, China has enormous opportunities for MBA graduates.
Where can an MBA in China take me?
As one of the powerhouses in economic growth, China’s business sector provides MBA graduates with the best career opportunities in the world.
While the manufacturing industry is China’s largest market comprising 47% of the country’s total GDP, China’s business landscape has experienced unprecedented growth in the last 20 years. The country has branched out to several innovative initiatives in the field of pharmaceuticals, artificial intelligence, technology, smart manufacturing and more.
As China is moving forward into a service-based economy, the country is opening doors for countless new roles for business professionals from different backgrounds.
5 of the Best Industries for MBA Graduates in China
We can all agree that China’s tech boom is not a small bang. China is home to multinational technology companies such as Baidu and Tencent. The country has experienced an amazing digital transformation, including finance.
In a study published by Accenture, $25.5 billion worth of Fintech deals were done in China in 2018, this is nine times bigger than in 2017. Mobile and online payment giants such as WeChat and Alipay account for almost $12.8 trillion in transactions in China.
Fintech is relatively new, but MBA graduates from top Chinese universities like Cheung Kong Graduate School of Business (CKGSB) are working in this new industry.
Do you prefer to shop online? If yes, then you are part of the 73.6% of the 800 million internet users in China who shop online. Alibaba is one of the biggest e-commerce companies in the world that have hired countless MBA graduates in China.
In addition to Alibaba, new e-commerce companies like Pinduoduo and Xiaohongshu are also capturing market share.
3. Green Energy
China is currently the world’s largest carbon emitter, but make no mistake, the country is also an advocate of renewable energy development. The Chinese government has invested in solar power, wind power, and electric vehicles and is poised to lead the world in green energy.
China is the largest producer and exporter of solar panels and wind turbines globally. With 60% of renewable energy-related jobs located in Asia, it is an exciting industry for MBA graduates.
Chinese healthcare is one of the rising industries in the country. With the rise in the aging population and shortage of medical staff, the government is turning to innovation to address the problem.
Biotech companies are utilizing artificial intelligence to create new pharmaceuticals and diagnosis is backed by big data like never before. Pharmaceutical companies are building centers in China and forming partnerships with Chinese companies. This continued expansion means more opportunities for MBA graduates.
The Chinese government supports the educational sector by releasing a huge amount of funding every year and provides scholarships for international students to study in China.
MBA graduates can capitalize on the value of education by building online education startups, tutoring services, and other educational platforms.
Felicia Guo loved painting all her life so it didn’t come as a surprise when she started her own gallery in Jakarta. Without business experience, she found the daily management of the business a challenge.
She decided to pursue a 14-month full-time MBA program at Cheung Kong Graduate School of Business (CKGSB) and there she met her two current business partners. Today, her business, Fang Gallery, is making waves across the world.
She’s also co-founded Idart, a tech start-up that makes art collection and investment more accessible online.
Many MBA graduates in China have successfully leveraged their degree and have reaped limitless rewards for doing so.
But more than the financial gain that an MBA brings, it is important to realize how an MBA can widen your knowledge, connect you with the right people and impact your future before you pursue the degree.
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