The Macquarie Graduate School of Management (MGSM) has signed an agreement with one of China’s leading business schools which will allow students of both schools to complete part of their studies under and exchange program.
The agreement between MGSM and Tsinghua University’s People’s Bank Graduate School is the first such agreement signed between an Australian university and the prestigious Chinese graduate school.
Speaking at the signing Ceremony in Beijing, the new Dean of MGSM, Professor Alex Frino, said that the agreement would allow each country’s students unprecedented access to tomorrow’s business and government leaders.
“Tsinghua’s People’s Bank Graduate School is China’s premier school, training the country’s most outstanding Graduates for senior positions in government, and well-known for producing elite performers in the private sector,” he said. “Given that more than one-quarter of Australia’s imports and exports are with China, and China’s ongoing importance in our region, it’s vital for Australia’s business leaders to have a good understanding of Chinese business culture.”
The agreement also allows top Chinese students to access the quality of business education for which Australia – and MGSM – are recognised.
“There are more than 60 MBA programs available in Australia, and it’s a testament to us that Tsinghua has chosen MGSM over all the others as their first Australian partner,” Professor Frino said.
“Business education is worth half a billion dollars a year to the Australian economy in direct spending alone – many multiples of that when the values of skills, international relationships and productivity are taken into account. Partnerships such as these are very important in building our regional reputation and ensuring the ongoing vibrancy of our education sector.”
MGSM was ranked in the top four in the Asia-Pacific in The Economist’s ‘Which MBA?’ rankings last year. The same survey ranked MGSM students #2 in the world for quality. The school is also within the 5% of business schools globally that have achieved accreditation from The Association to Advance Collegiate Schools of Business (AACSB).