A signing ceremony to seal the strategic partnership between the Australian Graduate School of Management (AGSM) at UNSW Australia Business School and the Fudan University School of Management was held in Shanghai on 14 November.
Professor Chris Styles (Dean of UNSW Business School), Professor Lu Xiongwen (Dean of Fudan University School of Management) and Professor Yin Zhiwen (Associate Dean of Fudan University School of Management) will attend the ceremony to mark the joining of two of the world's most highly regarded MBA programs.
Professor Chris Styles said: "On behalf of UNSW Australia I am honoured to be signing this Letter of Intent with Fudan University. Together over the past 12 months our two business schools have spent a lot of time designing an MBA program that addresses the needs of business leaders of the future in Australia, China and the region in an ever increasing global marketplace. An important part of this program is allowing students to focus on eBusiness and how innovative business models are shaping the future of business.
"This is an enormous development for UNSW Business School to be forging a strong alliance with such a highly ranked Chinese university. Fudan is at the very pinnacle of tertiary education and our students, staff and industry partners will benefit exponentially from this strategic partnership."
Professor Lu said: "We are looking forward to building upon our already strong relationship. Both our Business Schools are leaders in world class postgraduate management education and we envisage many opportunities for us to work together. It is important to our students that they receive high quality education that reflects the use of emerging technology and its applications within a global perspective."
At the signing ceremony the two Deans exchanged gifts to symbolise the historic moment.
The proposed program will be named MBA (eBusiness) to emphasise its special focus. The program will comprise studies in standard MBA foundation courses (such as Finance, Marketing and Strategy) along with specialist studies, eBusiness, and the way technology can transform business models. Nearly all of the courses will be taught at Fudan in Shanghai. The program also includes a course Doing Business in Australia that will be taught at AGSM in Sydney and will include a series of visits to global companies headquartered in Sydney and meetings with local business executives.
Course materials and most of the teaching will be in English. The courses will be delivered in an intensive mode.
The first intake of MBA students is expected to come from China; however, it is envisaged that the course will appeal to students from many other countries seeking business experience in China. The program will be compatible with other AGSM and Fudan MBA programs so that students in Sydney or Shanghai can join classes for individual courses of interest to them.
Graduates will receive an MBA (eBusiness) degree from AGSM (UNSW Australia) and a certificate of learning from Fudan University.
Subject to necessary government and other approvals, the MBA (eBusiness) program is expected to be launched in 2015.
About AGSM @ UNSW Business School, Australia
The Australian Graduate School of Management (AGSM) is the part of the UNSW Business School, based in Sydney, which focuses on Management Education and Leadership Development for those with professional work experience.
Through engagement, research and programs in the Asia Pacific, the Business School provides opportunities across the world's fastest growing economic market. Inspired by what they learn, graduates of the Business School become Australia's most successful leaders and entrepreneurs.
The AGSM MBA Program was recently ranked as the leading full-time MBA program in Australia and 62nd in the world in the Financial Times (UK) 2014 ranking of the top 100 MBA programs globally.
About Fudan School of Management
Long history of business education
As China's first higher education institution to establish the educational system of Business Administration, the century-old Fudan University launched its business discipline as early as in 1917, and later set up the School of Business in 1929. But management education was suspended in 1952, when the waves of restructuring hit all the universities and colleges nationwide. After China started to implement the reform and opening-up policy, Fudan University took the lead to resume management education, and started to enrol undergraduates for Management discipline in 1977. The University later set up the Department of Management Science in 1979 and finally re-established the School of Management in 1985.
Integrated disciplinary system
After the rapid development during the past two decades, the School now consists of 8 departments and 18 cross-disciplinary research centres/institutes. It offers 2 disciplinary doctoral degree programs, 10 PhD degree programs of specialist subjects, 15 master's degree programs of specialist subjects and 7 undergraduate programs. It also runs 4 mobile stations for post-doctoral research (including 1 established in cooperation with the School of Economics). The School also provides professional master's degree programs including MBA/EMBA, Master of Professional Accountants (MPAcc) program and doctor's degree program DBA.
Strong faculty team
As of the end of Oct. 2014, the school boasts a total of 151 faculty members, including 46 full professors and 64 associate professors. 94% of the faculty holds a PhD degree, among whom 57 faculty members obtained their degrees from overseas, accounting for 37.75% of the total faculty members.
Outstanding research strength
Several decades of hard work has led to great achievements in various disciplines and research areas, with some being highly influential both home and abroad, as well as a long list of top-level academic papers, theses and patents, an array of outstanding leaders in all kinds of academic research, and around one dozen high-quality research teams.
Every year, many students are attracted to FDSM for further studies due to its rigorous scholarship and favourable learning environment. The School has developed batches of management elites since its re-establishment. As of the end of Oct. 2014, the number of FDSM alumni has reached more than 34000.
Leading international accreditations
In order to promote exchanges and cooperative research with the world's top business schools and develop more diversified global resources, the School also joined many prestigious international organisations for business education. In 2007, FDSM was admitted as a formal member of the Partnership in International Management (PIM) and later became the 173rd full member of Graduate Management Admission Council (GMAC) in 2009. Meanwhile, the School was awarded the EQUIS Accreditation by EFMD in 2009 and then achieved the AACSB Accreditation in 2010 within the shortest period of time in the world. In the 2012 EQUIS re-accreditation, the School obtained the accreditation with a period of 5 years, which is the very first business school in Mainland China with such recognition of the School's overall quality by EFMD.
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