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PolyU Faculty of Business Achieves Triple Accreditation
(PRWEB) January 17, 2010
The Hong Kong Polytechnic University (PolyU) has gained AACSB International accreditation for its business school. The award was announced on 8 January 2010 by The Association to Advance Collegiate Schools of Business (AACSB) headquartered in the U.S.
Professor Timothy W. Tong, PolyU President, said, “It is truly a great honour for PolyU to join the AACSB community of internationally accredited business schools. This recognition has once again testified to our continued dedication to high quality business education, research and consultancy services.”
Professor Judy Tsui, PolyU Associate Vice President, Dean of the Faculty of Business and Director of the Graduate School of Business said, “We are very honoured to be awarded the AACSB International accreditation. This is another official recognition of our excellent education and favourable learning environment. Considerable progress in the aspects of internationalization, research and development has earned us international accreditations these few years. The Faculty is now triple accredited. “
In 2007, the PolyU Faculty of Business (FB) won the EQUIS (European Quality Improvement System) accreditation which signified that the Faculty had achieved a balance between high academic quality and professional relevance provided by close interaction with the corporate world.
In 2007, PolyU DBA (Doctor of Business Administration) programme in Hong Kong and DMgt (Doctor of Management) programme on the Chinese Mainland were accredited by the UK-based AMBA (Association of MBAs). The university’s MBA (Master of Business Administration) programmes and EMBA (Executive MBA) programmes in Hong Kong and the Mainland were accredited by AMBA in 2006.
The Faculty of Business is ranked 66th in the world and the third in Asia according to the latest UTD Top 100 Business School Research Rankings based on research contributions in the 2004-2008 period. This ranking, provided by The University of Texas at Dallas, is based on the number of research publications by academic staff in 24 leading journals, representing the top three to four in every business discipline.
Regarding finance and economics research, PolyU’s Faculty of Business is ranked 42nd in the world by a study published in the Journal of Financial Economics in September 2009. The rankings are based on the average research rankings provided by 11 previous studies over the period 1970-2001. The research productivity is based on 36 economics journals and the top five of the finance journals used by the earlier ranking studies. PolyU is the only university in Asia and Australia to make the cut in the ranking of the top 50 universities in the world.
AACSB International, founded in 1916, is a membership association of close to 1,200 educational institutions, businesses and other organizations in 74 countries and territories. It is also an accreditation body for institutions offering undergraduate, master’s and doctorate degrees in business and accounting. Its global headquarters is located in Florida in the US and its Asia headquarters is located in Singapore. Up till the present, less than 5% of the business schools worldwide have gained the AACSB International accreditation.
“We warmly congratulate the Faculty of Business of The Hong Kong Polytechnic University, and welcome it into the AACSB family of internationally accredited business schools,” said John J. Fernandes, President and Chief Executive Officer of AACSB International. “AACSB accreditation represents the highest achievement for an educational institution and its college of business. The Dean, faculty and administrative staff of PolyU FB are to be commended for their dedication and commitment to continuous improvement, and for their role in earning initial accreditation.”
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Baruch College Offers Post Graduate Programs In Singapore
One of the top business schools in the United States, the City University of New York’s Baruch College has extended its world-class business education to students worldwide. Baruch College currently offers a range of international degree and postgraduate programs, of which some of the most successful programs are located in Singapore, managed in collaboration with leading Graduate School, the Aventis School of Management (Asia).
Headed by Professor Avner Wolf, the Executive Director of International Programs at Baruch College, the partnership has been incredibly successful, offering some of the finest programs in Finance, Marketing, Human Resources and Leadership in Asia. Professor Wolf maintains a close personal involvement in these programs, and is extremely pleased with their outcomes. He firmly believes in taking time to listen to professors, students, the alumni and even people on the street, and using the feedback to refine the courses into a quality business education that is culturally relevant to Singapore.
Baruch College in Singapore stands apart from other business schools in its unique emphasis on practical application. Professor Wolf personally selects the faculty, bringing many of Baruch College’s brightest and most experienced professors from New York to teach in Singapore. Faculty members come from diverse backgrounds and possess real-world business knowledge and experience as CEOs, CFOs or senior executives in their organizations.
Professor Wolf reveals that one of the most rewarding experiences in managing the programs lies in the graduation ceremonies, where he “sees many happy faces of his students”. With a deep commitment to the programs’ success, he personally teaches in some of the courses offered in Singapore, including one this September which he and his students look forward to with great anticipation.
The importance of a quality business education that places high value on business ethics and practical application in today’s global markets cannot be overlooked. Modern businesses now look for graduates with a sound understanding of the dynamic nature of today’s business climate and financial markets, which only top-notch business schools like Baruch College can provide, thus equipping and preparing students for illustrious success in their careers ahead.
The Global Executive MBA provides a high-quality business education for executives who desire to expand the scope of their careers and move toward more international business initiatives. It is a launching pad for the career phases to come and an integrated preparation for senior management roles.