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1

Our School 2

The HKUST Business School

Dean Says

MBA Program Director Says

Why HKUST MBA 6

What we offer

China Expertise

Hong Kong – City of Life

Our Program 14

Program Design

Program Schedule

MBA Courses

Our Faculty 20

Meet our Faculty

Our Students 24

Meet your fellow Students

Life at HKUST 28

Global Vision

Enrichment and Networking

Campus Life

Career 38

Managing your Career

Admissions 42

Applying to HKUST MBA

Financing Your Studies

Contents

Reach Beyondwith HKUSTExcellence


FINANCIAL TIMES

World No. 9: MBA 2010 World No. 3: International faculty 2010 World No. 6: International experience 2010

World No. 10: Research 2010

World No. 15: International mobility 2010

World No.1: Kellogg-HKUST EMBA 2009

Asia Pacific No. 1: Executive Education (custom programs) 2003-08

2 Our School Our School 3

When the HKUST Business School first established in 1991, we formed a strategic alliance with UCLA Anderson School of Management to provide a strong base for curriculum development and faculty recruitment. Our School has garnered an international reputation for melding the best elements of western business education with Asian management philosophies. Regarded as the top business school in the region, this is a place where pioneering academic and business minds connect to prepare you for tomorrow’s world.

First business school in Asia to receive AACSB

accreditation, 1999

4 Our School Our School 5

Dean says MBA Program Director says

We’re one of the best Business Schools in the world and our graduates emerge ready to lead in Asia, and globally.

We provide a program that blends Western-style business education in a China context, and that attracts staff and students from all over the world.

The HKUST Business School develops business leaders in Asia for the world. Through our quality programs, our faculty member’s research findings and insights, and a growing network of accomplished alumni, we contribute to the vitality of industries and comprehensiveness of the economies around us.

We are a young, dynamic and comprehensive business school that provides business education to students at all levels. We were the first business school in Asia to receive dual accreditation from the prestigious Association to Advance Collegiate Schools of Business (AACSB) in the U.S. and EQUIS in Europe, and our recent reaccreditation by AACSB highlights our strong commitment to continuous improvement.

Our pursuit of excellence has been recognized by, among others, the Financial Times Global MBA Rankings. The School is now ranked ninth in the world and is a role model for new, aspiring schools in Asia to emulate. As the Financial Times puts it, we are among “the leading group of world class business schools.”

The School’s research ranking is also within the global Top 10, the first time ever for an Asian business school. Our outstanding faculty have been recruited from around the world, and their China-focused research advances knowledge that contributes to both business and society at large.

We aim to educate business leaders who are responsible and ethical as well as successful. At the HKUST Business School, we help students develop a desire to contribute to the region and the world.

Hong Kong has been the world’s freest economy for 16 consecutive years, and has long been where East and West meet and merge. Its institutions, rule of law and position as the gateway to China make it a natural choice of headquarters for multinational firms and home to top decision makers in business. Hong Kong is the place to be for aspiring executives who are pursuing an MBA education in China’s booming new market.

The HKUST MBA program echoes these strengths. We offer a Western-style business education within a China context in one of the world’s top programs, with specific relevance to the global trend of business going East. Our faculty members are truly multicultural, coming from 15 different countries. Their international-standard research has a wide range of focuses, including China business, and they

are ready to impart their wealth of knowledge and experience to you.

Each year our reputation attracts students from all over the world to explore our unique advantage, creating a mix of cultural and professional backgrounds that will maximize the dimensions of your learning experience. We develop responsible, well-rounded leaders who have the global vision, business insight and cultural sensibility to excel in the fast-moving business world.

The excellence of our program and success of our alumni have brought us worldwide recognition, which bodes well for our current and future students, and for our alumni.

Join our world-class program today and see for yourself how HKUST can prepare you to lead and succeed.

The Business of Success Your MBA Choice

Prof Leonard Cheng, PhD Dean

Prof Steven DeKrey, PhD Senior Associate Dean and MBA Program Director

What we offer

6 Why HKUST MBA Why HKUST MBA 7

East meets West

A world-class education in Western management expertise within a Greater China context. Our leading faculty, many graduates or former teachers of leading universities in the U.S. and Europe, and/or with profound experience in managing business in China, bridges the gap between East and West. Your fellows from mainland China also expose you to China’s energy and entrepreneurial spirit.

Cross-cultural Teamwork

In a globalized world, you need to be able to work with people from different cultures and backgrounds. You will be able to develop these skills because our faculty and students come from all over the world. We also structure our program to offer plenty of opportunities for cross-cultural teamwork so you can put your skills to the test.

Responsible Leadership

Our goal is not only to develop business managers, but managers who are principled and ethical. We offer a flagship core program on Responsible Leadership and Ethics and organize enrichment talks on the issue so all students can acquire the insights and skills needed to be responsible leaders in Asia for the world.

The excellence of our teaching and our location next to dynamic China make HKUST one of the best places in the world to study for an MBA. We develop business leaders who have both Asian and global perspectives, and who share our vision of contributing to the social and economic transformation of the region.

Lorena CompeanClass of 2011MexicoPre-MBA: ConsultantH4 Partners

I am a Mexican woman looking for a successful professional career in China, and the MBA program helps me in many ways. I am gaining knowledge about the business culture in China, developing management skills, gaining additional international exposure, as well as getting valuable access to an Asian network. I also appreciate the opportunities to learn about different cultures and to celebrate traditions with my very diverse group of classmates.

Marc BoelenClass of 2012NetherlandsPre-MBA: ManagerKPMG Transaction & Restructing Services

I was at a point in my career where I wanted a larger role in developing and managing companies. At the same time I was attracted to Asia because of its energy, culture and rapid economic development. The HKUST program fits my needs perfectly. Its academic strengths could help me master new skills, and its focus on the China market developed my knowledge required for managing in Asia.

Doing Business in China

General managers in China face a changing environment and many challenging or ill-defined situations. Prof Cassian Cheung helps provide the bigger picture by drawing on case studies, theories and his own plentiful experience as former

President of Wal-Mart China Co., Ltd, former Corporate Vice President and Asia President of the Quaker Oats Company, and former Chief Operating Officer for China of The Nestle Company.

Building a Powerful Consumer Brand in China

The former President of PepsiCo Asia, Prof Ron McEachern, draws on his deep experience in the region to teach about marketing and branding in China. He offers a 12-step “recipe” on how to develop

a relevant and preferred brand that applies equally to multinational and local brands in China, and also has relevance for Chinese brands trying to go global.

China Cases

Our teachings on business management are backed up with real-life examples drawn from the Greater China business world. A sample of our case studies includes:

• Air China

• Avon Product China

• Cathay Pacific: IT Outsourcing

• Cola Wars in China: The Future is Here

• Hong Kong Jockey Club

• Motorola in China: Failure of Success

• Samsung China’s entry strategy of color TV

• SanLu Milk, Made in China

• Sun Hung Kai Properties

China Expertise


One of the distinguished features of the HKUST MBA is our expertise in China business. We offer popular China Focus courses and have close connections with Chinese practitioners, who among other things give guest lecture and support our China Field Trips. We also draw on China cases for teaching and have a strong alumni network.

One of the key aims of this course is to provide a context for students when they are doing business in China and give them a deeper understanding of the issues they will face there. Hopefully, through this course they will understand how to be a responsible business leader in China.

China is one of the most exciting, dynamic and creative marketing challenges in the world, but there’s a misperception that highly successful brands in North America or Europe can transplant their success into China. No matter how well you have done elsewhere, you will need to build your brand from the ground up and look at every aspect, from innovation and packaging to pricing and delivery.

China Focus Courses

Prof Cassian CheungCo-CEO of Next Media and Former President of Wal-Mart China

Prof Ron McEachernFormer President of PepsiCo Asia


Florian BennholdClass of 2011GermanyPre-MBA: Application Engineer/ Director of Regulatory AffairsWilson Turbo Power, Inc (WTPI)

China Field Trips

First-hand observations can be highly illuminating. Our China field trips are two-credit excursions that involve preparatory lectures about the realities of Chinese business and their common grounds and differences with non-Mainland China firms. You then travel to Shanghai or Beijing and visit firms from different sectors. Working in teams, you prepare a company report on your findings.

One of the most interesting things we did was a field trip to Beijing to look at different companies such as automotive, consumer electronics and banking. I was really struck by our visit with a senior manager of a Chinese bank, who was surprisingly open with us about the Chinese finance industry. For example, he shared some data refuting some of the popular claims about China's lending practices while acknowledging some structural challenges.

Connect with our strong alumni network in China…

Alan Wang Class of 2001 North China GM Intel China

Daisy Ng Class of 1994 PrincipalNorth Highland

Enoch Tsui Class of 1999 Deputy Chief Marketing Officer Ping An Insurance Group

Florian Pihs Class of 2005 Planner, Strategy and InnovationMRM Worldwide

Jerry Zhao Class of 2005 VP, Head of Business Management, PBCDeutsche Bank (China)

Kitty Shum Class of 1999 Associate Director, External RelationsProcter & Gamble Guangzhou

Stella Shi Class of 2008 Country Manager, Greater China Skype

Tracy Deng Class of 2005 CFO, Finance & IT Best Buy Shanghai

and so on...

At HKUST, students develop teamwork and leadership skills through Experimental Learning Program (ELP).

Moving from Hong Kong to Beijing was the beginning of my great adventure thanks to an internship in a major bank and the exchange in Tsinghua. The whole experience granted me the access to a fascinating cultural context of doing business in Mainland China. The learning process focused on my skills rather than language barriers eventually helped me to land my current job in the financial services. Hadn’t I leveraged on the opportunities at HKUST, I would never have seriously opened the doors to China and the tremendous opportunities and experiences waiting behind it.

Stefano Di GenuaClass of 2009ItalyQuality Manager, Siemens Financial & Leasing Siemens SLCExchanged to Tsinghua Univ, China

Why HKUST MBA 13

China is a global powerhouse economy and Hong Kong is its gateway, a place where MBA students have the unique opportunity to learn about Asian business from the perspective of international business practices. Hong Kong also offers a diverse lifestyle of 24-hour entertainment, scenic beaches and pristine green hillsides.

Hong Kong – City of Life

12 Why HKUST MBA

Global business center

Hong Kong is the world’s freest economy and its 2nd most competitive economy. More than 3,800 overseas and Mainland companies have set up regional operations here, offering outstanding networking and career opportunities.

Asian hub

With its strategic location in Asia and one of the world's best airports, Hong Kong is less than five flying hours from half of the world's population. One can easily get around to Asian cities: Shanghai, Beijing, Singapore and Tokyo, etc.

Gateway to China

Hong Kong and Mainland China have a close and special economic relationship. For example, almost half of the overseas-funded projects registered in the Mainland are tied to Hong Kong interests.

The HKUST MBA Program provides opportunities for MBA students to meet and learn from the region’s business leaders through organized talks and dinners, invited lecturers and the activities of its careers office.

Easy to get around

Hong Kong has a wide-ranging public transport system of buses, minibuses, trains, ferries and taxis. Getting around Hong Kong is easy and affordable.

The international business environment of Hong Kong and local education system mean English is widely spoken, alongside Cantonese and Putonghua. You don’t have to worry about language barrier in the city.

A lifestyle with something for everyone

Hong Kong is a stopping point for many major international music, theater and dance performers and has its own thriving arts scene. The city is famous for its fabulous and affordable food, with more than 11,000 restaurants offering all varieties of Asian and Western cuisine.

Newcomers to Hong Kong are often surprised to learn there are more than 40 beaches here, numerous graded hiking paths, golf courses and many other outdoor and sporting attractions (such as the renowned Rugby 7s tournament). More than 70 per cent of Hong Kong’s land mass is rural mountains, forests and outlying islands.

The world’s freest economy for 16 consecutive years, 2010The Heritage Foundation

The world’s 2nd most competitive economy, 2010IMD World Competitiveness Yearbook

Program Design

14 Our Program Our Program 15

At the heart of your studies will be a Western-structured curriculum with core courses that prepare students to succeed in General Management roles. These courses balance theory and practice and they are supplemented with career-focused electives that let you hone in on the areas of greatest professional interest to you.

You will also be expected to apply rigorous study, creativity, analytical thinking and teamwork in your studies. In fact, cross-cultural teamwork is an important component of our program and you will work in teams selected for their cultural diversity.

Case studies drawn from Greater China and the wider world will be used where applicable to provide you with a deeper understanding of management principles. By the end of the program, you will have the tools for innovative problem solving and the confidence to interact successfully in a multicultural context. You will also benefit from the School’s close links with the business community.

The HKUST MBA will equip you with the management approaches and cross-cultural experiences you need to be an effective and successful manager in the globalized economy. You will learn from a world-class faculty, work in teams, draw on case studies and get opportunities to tailor your learning to meet your career objectives.

Tom OeflerClass of 2011GermanyPre-MBA: Senior ConsultantBearingPoint GmbH

The pre-session Mandarin course was a great introduction to Asia and Hong Kong, and to China’s official language. The course was held three weeks before MBA classes started and it familiarized us with Hong Kong’s climate, culture, and buzzing attractions. We took a boat cruise around the harbor, sampled a lot of different Chinese cuisines and gained insights into Hong Kong’s multi-cultural society.

Cathy ChaoClass of 2011United StatesPre-MBA: Analyst- Equity Deriatives MarketingJP Morgan

I’ve been very impressed by the diversity of my peers. It is not uncommon to be working in a group where everyone is from a different country. They all have unique experiences and a different story to tell and I’ve been exposed to a lot of new views and perspectives. Despite our different backgrounds, there’s a common thread of cooperation and mutual learning that helps us to work together effectively.

First step

Putonghua training programThe three-week Putonghua training program is available at two levels, elementary and intermediate, for non-Chinese speaking students. Highly recommended for anyone interested in exploring career opportunities in China and the region.

MBA acceleratorA mandatory 8-session pre-course for students with non-business background held in August will hone your basic accounting concepts, quantitative and spreadsheet skills.

Residential programThe first required core course, Preparing to Lead, encompasses a five-day residential program. Case study training and experiential learning program aim at fostering teamwork and facilitating the formation of study groups.

Duration

Full-time participants are expected to complete the MBA in 16 months. Candidates with considerable work experience and international exposure, upon approval at admissions, could join the accelerated 12-month program. Both require 52 credits for graduation.

16-month programSummer session is free from study load to allow for internship opportunities. Students will be taking electives in the second year Fall semester, either at a partner school by joining the international exchange program, or at HKUST.

12-month programSimilar to the 16-month MBA, this program begins in August and follows an identical curriculum. An intensive summer session wraps up the program.

Course substitution

Students may apply for course substitution from some required courses if they have taken equivalent courses elsewhere. They will need to provide relevant supporting documents, such as course syllabuses and transcripts, to show satisfactory performance. If course substitution is approved, students need to take other electives as replacement.

Delivery and assessment

Faculty members identify delivery and assessment protocols to achieve optimum teaching results. Teaching will include lectures, seminars and case study, as well as simulations, projects and presentations, both individually and in group. Assessment methods include class participation, assignments, group projects, presentations and exams.

English is the medium of instruction.

Fall Sep-Dec

Data AnalysisFinancial Accounting FoundationsManagerial Microeconomics Management of OrganizationsMarketing Strategy and Policy

Corporate FinanceGlobal MacroeconomicsInformation and Technology ManagementManagerial Accounting FoundationsOperations Management

20 credits

Soft skills workshops

Spring Feb-May

Responsible Leadership and EthicsElectives (16 credits)

18 credits

Strategic ManagementResponsible Leadership and EthicsElectives (14 credits)

18 credits

Summer Jun-Aug

Strategic ManagementElectives (6 credits)

8 credits

16-month Option Internship

Fall Sep-Dec

Electives (8 credits) at HKUST or the exchange school

8 credits

Winter Jan

Managerial CommunicationDoing Business in China

4 credits

Summer Aug

Preparing to Lead

2 credits

Non-credit bearingPutonghua training programMBA Accelerator

Program Schedule


The training of teamwork and leadership skills for students starts with Experiential Learning Program (ELP).

16-month Option

12-month Option

Finance

Examples of electives

• Asset Securitization

• Derivatives Analysis

• Fixed Income Analysis

• Hedge Funds

• Investment Analysis

• Raising Debt in the Financial Markets

• Risk Management for Financial Institutions

• Strategic Finance and Value Creation

Consulting and Strategy


• Applied Strategic Thinking

• Business Modeling

• Business Optimization

• Consulting Skills for Managers

• Implementing Strategy

Entrepreneurship and Family Business


• Challenges, Opportunities and Options of Starting Up

• Entrepreneurial Financial and Family Business

• Venture Capital and Private Equity

Marketing


• Brand Management

• Building a Powerful Consumer Brand in China

• Channel Management

• Marketing Research

• Understanding Consumers

Required Cores

The required cores are arranged in three tiers – foundation, functional and integration. These provide fundamental knowledge and a basis for further study in chosen areas.

Foundation Cores

• Preparing to Lead

• Data Analysis

• Financial Accounting Foundations

• Global Macroeconomics

• Managerial Accounting Foundations

• Managerial Communication

• Managerial Microeconomics

Functional Cores

• Corporate Finance

• Information and Technology Management

• Management of Organizations

• Marketing Strategy and Policy

• Operations Management

Integration Cores

• Doing Business in China

• Responsible Leadership and Ethics

• Strategic Management

Career-track Electives

You may choose electives which fit your career goal from the following five areas:

General Management in China


• China’s External Relations and Their Economic Impact

• Financial Markets in China

• Investment and Finance in China

• Leadership in Asia

• Managing in Asia

• Politics and Socioeconomic Environment of China

At the heart of our MBA program are core courses that give you a strong foundation in business essentials in both international and China-based contexts – everything from financial knowledge and management strategies to communications and responsible leadership. Career-track electives take up more than 40 per cent of the curriculum and let you delve more deeply into the subjects that matter most to you and your future.

MBA Courses


Alexey AstafevClass of 2011RussiaPre-MBA: Head, Div of Int'l Tran Corridors & Complex ProjRussian Railways (RZD)

The residential and experiential learning program was fun and challenging at the same time. There were lectures, discussions, and innovative learning experiences, but most importantly I got to know more about myself and my classmates, and we built up team relations. It was also extraordinarily well organized – all you have to worry about is getting enough sleep and enjoying this unique and rewarding learning opportunity.

World No. 3: International faculty, Financial Times 2010

World No. 10: Research, Financial Times 2010

Learn from the best. We have assembled a world-class team of scholars who have strong research and industry backgrounds. Each is committed to providing you with sound academic knowledge, as well as practical, experience-based insights into global management practices in Asia.

Meet our Faculty

20 Our Faculty Our Faculty 21

Many faculty PhDs awarded by

• Columbia University

• Cornell University

• Harvard University

• Indiana University

• Massachusetts Institute of Technology

• New York University

• Ohio State University

• Princeton University

• Purdue University

• Stanford University

• University of British Columbia

• University of California, Berkeley

• University of California, Los Angeles

• University of Chicago

• University of Illinois, Urbana-Campaign

• University of Rochester

• University of Southern California

• University of Texas, Austin

• Yale University

Prof Jaideep Sengupta Professor

Dept of Marketing

Teaches “Understanding Customers”

PhD, UCLA

Selected Achievements

Editorial Board of Journal of Consumer Research and Journal of Consumer Psychology

Received Dean’s Letter of Recognition for Excellence in Teaching, 1998-2008

Selected Best Faculty for the Kellogg-HKUST EMBA program, 2005-2006

Prof Stephen NasonAdjunct Associate Professor

Dept of Management

Teaches “Management of Organization”

PhD, U of Southern California


Contest Chair, HKUST MBA International Business Plan Competition, 2008, 2009

Best Ten Lecturers Teaching Award, 2008, 2009

The Franklin Prize for Teaching Excellence, 2001, 2006

PRC/Taiwan 31%United States 20%Hong Kong 15%Europe 8%India 8%Canada 6%Korea & Japan 5%Others from Asia 5%Others 2%

Faculty bynationalities

In addition to research faculty, we bring in practitioners who hold leading positions in multinational companies and have substantial work experience in their profession.

22 Our Faculty Our Faculty 23

Prof Larry FranklinAdjunct Professor

Dept of Finance

Teaches “Venture Capital and Private Equity”

MBA, JD, Stanford University, CPA

Previous Position

General Manager- Investments and Head Legal Counsel

Hutchison Whampoa (China)


Worked 25 years in industry, including commercial banking, investment banking and venture capital

Supervised a US$500 million Venture Capital Fund for China projects

The Private Equity and Venture Capital class was one of my best learning experiences. Prof Larry Franklin has many years’ experience in the region and he talked us through his investment projects in China, Malaysia, India and Singapore. This real world input brought a new dimension to the class, which he combined with analytical and strategic thinking.

Kajsa RyttbergClass of 2011SwedenPre-MBA: Project ManagerOrkla ASA

You really get your hands dirty in Prof Caroline Wang’s course on Managerial Communication, and it’s very challenging and rewarding. We had to perform many speeches before our classmates in very varied situations that allowed us to try out different tones and delivery styles, and understand how specific tactics resonate (or not) with our audience.

Cristian NunezClass of 2011ChilePre-MBA: Logistics Manager Ultramar

Prof Caroline Wang Adjunct Professor

Dept of Management Teaches “Managerial Communication”

MA, Wisconsin Milwaukee, MSc, Harvard U. Concurrent Position

Board Director, Bank of QingDao

Board Director, Haier New York Life

Previous Position

Vice President, Marketing, IBM Asia Pacific

Partner, IBM Global Business Services, Greater China


IBM’s highest ranked female Asian executive globally

Chairperson of IBM Global Women’s Diversity Council in Asia Pacific

Meet your Fellow Students

24 Our Students Our Students 25

Sitting in a classroom with people who are different from you yet interestingly unique and brilliant as you do is the key to widen your horizon. Our MBA classes typically include students from 25 countries and a very wide range of industries. Our program takes advantage of this diversity by building in many opportunities to work in teams and learn from your fellow students.

Nationalities represented: 25

Asia PacificAustralia, China, Hong Kong SAR, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand

Europe Azerbaijan, Belgium, France, Germany, Greece, Netherlands, Spain and UK

North AmericaCanada and US

Latin AmericaColombia and Mexico

Middle EastKuwait

Universities of first degree represented (partial list) :

Boston Univ

Columbia Univ

Cornell Univ

CUHK

Ecole Supérieur de Commerce Extérieur

Fudan Univ

Imperial College of London

Keio Univ

Kuwait Univ

Lancaster Univ

Nanyang Technological Univ

Northwestern Univ

NYU

Peking Univ

Princeton Univ

Thammasat Univ

Tsinghua Univ

UC Berkeley

Univ of Amsterdam

Univ of Bocconi

Univ of British Columbia

Univ of Delhi

Univ of Michigan, Ann Arbor

Univ of Mumbai

Univ of Pennsylvania

Univ of Toronto

Univ of Warwick

Univ of Waterloo

Yonsei Univ

Companies represented (partial list) :

Accenture

American Express

Banco Santander

Biomet

BNP Paribas

Citibank

Credit Suisse

Deloitte

Eli Lilly

Ericsson

Ernst & Young

Hilton

HSBC

Huawei

IBM

JP Morgan

KPMG

LinkedIn

McKinsey

MeadJohnson

Microsoft

Morgan Stanley

NBA

PricewaterhouseCoopers

Royal Bank of Scotland

Standard Chartered Bank

The Nielsen Company

Thomson Reuters

Walt Disney

World No. 6: International experience, Financial Times 2010

Intake 2010 Class Profile

Total enrollment: 115 Average years of work experience (range*): 6 (3-9)

Female: 34% Average age (range*): 29 (26-32)

Non-HK nationality: 93% GMAT range*: 580-720

*mid 80%

AcademicBackground

ProfessionalField

Sales/Marketing/Customer Services 22%

Business Analysis/Consulting 21%

Accounting/Finance 20%

General Mgmt/Legal /R&D 13%

IT/Engineering 11%

Others 7%

Operations/Project Mgmt/Logistics 6%

Business 41%

Engineering 25%

Science 10%

Computer Science/IT 8%

Social Science & Humanities 7%

Arts 6%

Others 3%

26 Our Students Our Students 27

Micah YooClass of 2012AustraliaPre-MBA: Software Engineer / Resolution Team LeaderIBM

Parvathy UllatilClass of 2012IndiaPre-MBA: Funds Correspondent Thomson Reuters

Johanna Castro CastroClass of 2012

ColombiaPre-MBA: Head of Equity Research

Corredores Asociados S.A.

Ah Young BaekClass of 2012KoreaPre-MBA: Assistant Vice PresidentDong Ah Construction

Abdullah Al-ShalabiClass of 2012

KuwaitPre-MBA: Senior Officer

Aayan Leasing & Investment Co

Victor PrietoClass of 2012SpainPre-MBA: Senior ConsultantHuman Management Systems

Henry Heckman Class of 2012United StatesPre-MBA: Assistant Merchandise ManagerDFS Group

Guillaume TryhoenClass of 2012FrancePre-MBA: Senior Associate LawyerOostvogels Pfister Feyten

Lina WangClass of 2012

ChinaPre-MBA: Vice President

Sino Prosperity Int'l Insurance Brokers Co

Be prepared to learn from and network with your talented fellow students…

I went on a five-month exchange to the Instituto de Empresa in Madrid and it brought me to where I am today. I was not only able to take electives that complemented my finance and operations classes at HKUST but, most importantly, I could travel around Spain and Europe and learn more about each culture. The understanding of Spanish culture I gained helped me to land my present position with Santander.

Jon YauClass of 2009United KingdomDeputy DirectorBanco SantanderExchanged to Instituto de Empresa, Spain

Global Vision

28 Life at HKUST Life at HKUST 29

Asia and Middle East

• Beijing International MBA at Peking University (PRC)

• China Europe International Business School (PRC)

• Guanghua School of Management, Peking University (PRC)

• Shanghai Jiao Tong University (PRC)

• Tsinghua University (PRC)

• Indian Institute of Management, Ahmedabad (India)

• Indian School of Business (India)

• International University of Japan (Japan)

• KAIST Graduate School of Management (Korea)

• Sungkyunkwan University (Korea)

• Nanyang Technological University (Singapore)

• National University of Singapore (Singapore)

• Tel Aviv University (Israel)

Australia

• Australian Graduate School of Management

• Melbourne Business School

Canada

• University of British Columbia

• University of Toronto

United States

• Columbia University

• Cornell University

• Dartmouth College

• Duke University

• Emory University

• Indiana University

• Michigan State University

• New York University

• Northwestern University

• Ohio State University

• Southern Methodist University

• Tulane University

• University of California, Berkeley

• University of California, Irvine

• University of California, Los Angeles

• University of Chicago

• University of Florida

• University of Maryland

• University of Michigan

• University of Minnesota

• University of North Carolina at Chapel Hill

• University of Rochester

• University of Southern California

• University of Vanderbilt

• University of Virginia

• University of Washington

• Washington University in St Louis

Learning happens beyond as well as within the classroom. The wider the range of International exposures you have, the more you will learn. The HKUST MBA program gives you opportunities to study abroad and test your classroom learning in international competitions.

Exchange Program

Every MBA student is encouraged to spend a semester at one of our 56 exchange partner schools in 17 countries. This gives you a different perspective on business management, and additional cultural exposure. You continue to pay HKUST tuition fees and gain credits

HKUST MBA Exchange Partners

Europe

• Copenhagen Business School (Denmark)

• Escuela Superior de Administración y Dirección de Empresas (Spain)

• Instituto de Empresa Graduate Business School (Spain)

• ESSEC – Graduate School of Management (France)

• HEC School of Management (France)

• HHL, Leipzig Graduate School of Management (Germany)

• Wissenschaftliche Hochschule für Unternehmensführung Koblenz (Germany)

• London Business School (United Kingdom)

• The University of Manchester – Manchester Business School (United Kingdom)

• RSM Erasmus University (Netherlands)

• University of St. Gallen (Switzerland)

South Africa

• University of Cape Town

for the courses you take. On the flip side, we accept 80-100 overseas exchange students on our program each year and you have the opportunity to interact and learn with them here in Hong Kong.

Business Plan and Case Competitions

In competitions you get to apply classroom learning, challenge yourself, learn from your peers and put the results to the test in front of industry experts and venture capitalists, who judge these contests and provide invaluable feedback. The HKUST Business

School sponsors students to join these competitions worldwide each year. Our teams have been among the strongest performers regionally and internationally, and we also organize our very own Business Plan Competition.


We believe these contests are highly valuable to students’ personal development. We always see the change as soon as students come back from the competitions. Having competed with some of the best students from the world’s top universities, they became more confident, more dynamic in class and have the courage to develop creative ideas.

Prof Stephen NasonFaculty Advisor of Business Plan & Case competitions

It is my honor to represent HKUST at the prestigious Asia Moot Corp business plan competition. We received extensive support from the School including a preparatory course, feedback on our plan and presentation, and guidance on strategies. It gave me a chance to apply what I learned. At other schools only a few students are selected to do these competitions, but everyone at HKUST gets an opportunity to go to one of these overseas competitions. It makes a difference!

HKUST team took home the championship with Best Presentation Award and Best Business Plan Award at Thammasat Asia Moot Corp competition 2009.

Pradeep AmbavaramClass of 2010IndiaPre-MBA: Business AnalystThe Centrix Inc.

When I first entered HKUST, I couldn’t present in the public. I wanted to challenge myself, so I joined an international case competition. We had to take courses on case analysis and business plan development, and a managerial communication course where there was lots of presentation practice. During the competition, I faced about 20 top consultants and when I heard them applauding, I knew the hard work had paid off.

Paulette BergClass of 2008ChileProduct ManagerRipley

HKUST won the Best Company Analysis Award in the Marshall MBA Global Consulting Challenge 2007 at the University of Southern California.

Enrichment and Networking


The leadership training provided through the HKUST MBA embraces much more than classroom knowledge. The business leaders, who discuss their business secrets and the issues of the day with you, and your fellow classmates and our alumni, who offer new insights and experiences, are all the valuable people to learn from and network with. This is what awaits you at the HKUST MBA.

Network with fellow students

Our students come from around the world and from a wide range of industries. The HKUST MBA helps you capitalize on these contacts by organizing activities where you can mix with other students and get to know them better. Electives and mixer events, such as enrichment talks and dinners, bring together part-time students, Shenzhen students and exchange students from overseas. Also, student-driven club activities are highly encouraged and supported by the program. Sharing of common interests and experiences certainly add value to your learning experience in HKUST and foster friendship with your fellow classmates.

An education at the HKUST MBA is an outstanding opportunity to broaden your horizons. Be prepared to learn from, as well as with, these experienced professionals.

• Football Club

• Japan Club

• Marketing Club

• Net Impact Club

• Pharmaceutical and Healthcare Club

• Taiwan Club

• Toastmasters Club

• Wine Society

• Women in Business Club

I founded the HKUST MBA Entrepreneur Club in my first year of studies. I’ve had opportunities here to test myself in a risk-free environment and to approach businessmen like James Thompson and Roger King to talk to our club and to invite them for coffee. I can do this because I’m an MBA student at HKUST. I might not have this chance if I were an outside consultant.

Edmond LiClass of 2010Hong KongManagement InternPhilips

Students prepared their national cuisines and celebrated Thanksgiving Day with their families.

List of active student clubs and interest groups

• Business Simulation and Strategy Club

• China Club

• Consulting and Strategy Club

• Dinner Club

• Emerging Markets Club

• Energy Alliance

• Entrepreneurship Club

• Europe Club

• Finance Club

The HKUST Football Club hosted the 1st Asian MBA Football Cup 2010, inviting teams from HKU, CEIBS and INSEAD.


HKUST alumni are very supportive. Like Arthur Yuen, now the Deputy Chief Executive of Hong Kong Monetary Authority, talked to us about the Hong Kong’s financial infrastructure and its policy responding to the post-crisis. Without the school’s effort to build such alumni relations, we couldn’t have been connected to such a rich network and I am glad to be part of it.

Iris LaiClass of 2011Canada Pre-MBA: SpecialistMerrill Lynch

social events and other activities of interest.

Alumni give back to the School and to new generations of students by sharing their experiences in lectures and workshops, acting as mentors, and playing advisory role to the further development of the program.

One of your most valuable tools when you graduate will be your Alumni Directory, a powerful platform for global networking with your fellow MBA alumni.

Network with alumni

Our alumni hold executive positions at leading companies in Hong Kong, China and the world, specializing in everything from finance and consulting to engineering and marketing. They, too, become part of your network when you enroll at the Business School. The School has more than 3,400 alumni residing in more than 30 countries and we work hard to keep them connected with each other. Our MBA Alumni Development Team works closely with the MBA Alumni Association, which fosters bonds through enrichment talks,

leadership, a CEO series, an Industry Leadership Sharing, etc.Besides, corporate visits are organized to enable students to grasp an idea about the back-end

Meet business leaders

Global and local business leaders are regularly invited to address students and answer their questions. Our recent meet-ups include a series on responsible

Recent enrichment talks (partial list) :

• “Global Economic Outlook and Asia’s Role” by Dr Gene Huang, Chief Economist, FedEx

• “Turn-Around of Hong Kong Ocean Park in face of Competition from Disneyland” by Tom Mehrmann, CEO, Ocean Park

• “Green Strategy of CLP” by Peter Greenwood, Executive Director (Energy), China Lights & Power (CLP)

• “Sustainable Growth of Real Estate Development” by Guy Bradley, Director & General Manager, Swire Properties

Hubert ShuClass of 2012United StatesPre-MBA: Management Consulting ManagerAccenture

operation of different industries. Our recent visits include Cathay Pacific, Hong Kong Monetary Authority and Toyota Assembly Plant in Guangzhou.

The Chief Economist of Fedex, Dr. Gene Huang, spoke to us and it was an eye-opener. I learned a lot about China’s economy and its interaction with the global market. For instance, I didn’t realize China had the highest green energy investment in the world, or that 1.9 trillion RMB of income was “gray” and out of the taxman’s reach.

The HKUST campus is set in a serene environment, framed by green hillsides and the sparkling waters of Clearwater Bay, yet it is only a short trip to the bustling streets of downtown Hong Kong. Students enjoy modern classrooms and libraries equipped with the latest technologies, high-quality sporting, and other facilities, and all the amenities they need to meet their daily needs on campus.

Campus Life


AmenitiesHKUST has banks, a bookshop, medical and dental clinics and a supermarket conveniently located on campus. A multitude of Asian and Western catering outlets at your choice.

City accessHong Kong is a compact place. Transport links are extensive and efficient. Minibuses will take you from campus to MTR subway stations and on to most parts of Hong Kong. Buses and taxis are also available.

StudyingLibrary

The five-storey Library houses over 610,000 books, periodicals and microfilms and 100 electronic databases. Open seven days a week.

Language Center

Offers a wide range of language courses, three language laboratories and a Self-Access Center with a variety of multimedia resources for personal study.

IT Network

Employs the latest technologies and covers all parts of the University. Wireless access available across campus.

Time outHKUST offers superb sports facilities, many spectacularly located on the shore of Port Shelter. These include:

• 2 swimming pools, including a 50-meter outdoor pool

• 8 tennis courts

• 8-meter climbing wall

• 400-meter athletic track

• All-weather astroturf soccer pitch

• Facilities for basketball, squash, mini-soccer, table tennis, beach volleyball and softball

• Fully equipped fitness center

In addition, there are music rooms, an arts center, meeting rooms and a large number of student societiesthat cater to a variety of interests.

LivingFull-time students could choose to live on or off campus, which is equally convenient when you study at HKUST. MBA students could apply for on-campus housing at the SKCC hall. A single-occupancy room

of ~100 sq.ft. with shared facilities costs HK$3,500 per month (tentative). All rooms are air- conditioned and have broadband access. For students looking for family accommodation or cooking

facilities, they could opt for apartments near the campus (e.g. in the Tseung Kwan O area). Public transportation is easily accessible and can bring you to campus in 10 minutes.

Consulting

Accenture

Bearing Point

Eight Partnership

Fiducia Consulting

Hewitt Associates

Monitor Group

Consumer Products

Campbell Soup

LVMH

Nike

PepsiCo

Philips

Manufacturing

DuPont

Emerson

Motorola

Robert Bosch

Volkswagen

Media/ Entertainment

CNBC India

Ocean Park

Real Estate

Cushman & Wakefield

Sun Hung Kei

Financial Services

AXA

Citigroup

Deutsche Bank

Goldman Sachs

HSBC

JP Morgan

Macquaire

Merrill Lynch

Morgan Stanley

Petroleum/ Energy

British Petroleum

Methanex

Schlumberger

Pharmaceutical/ Biotechnology/Healthcare

Eli Lilly

GE

Johnson & Johnson

Pfizer

Technology

Cisco Systems

Hewlett Packard

IBM

Intel China

Microsoft

Skype

Refine Your Goals

You can identify your strengths and shape your career goals with our self-assessment tools and career counseling. A dedicated team of career counselors will help you to identify options and focus your ambition.

Develop Your Knowledge and Skills

With clear career goals you can focus on acquiring exactly the right knowledge and skills for success. We aid that process with professional development workshops, a career library offering access to company and industry information, and company presentations. Career-track electives and the opportunity to take-part in student clubs will also maximize and enrich your learning.

Extend Your Network

Various events are held on and off campus to help you extend your network, and summer internships offer practical introductions to working in target companies. We also organize discussion forums led by alumni and other professionals to help you prepare for post-MBA employment.

Showcase your Talent

You need to convince employers that they should hire you. We support you with resume critiques, interview skills workshops, and by sending a resume book with the details of all full-time MBA students to thousands of our closely connected recruiters. You can also benefit from our online job board, on which MBA recruiters post employment opportunities.

The HKUST MBA Career Development Office helps you advance your career through a range of services and resources along all four of the Career Advancement “C”s. We begin by helping you “Clarify” your career interests and goals. Next we help you identify and develop the professional “Capabilities” you need to secure target jobs. We also coach and help you “Connect” with the relevant business community. Finally, we provide additional tools to help you “Convince” recruiters.

Managing your Career

38 Career Career 39

Working for Citigroup in the summer was a great experience that boosted my knowledge of the banking industry. The internship was very well designed as a good balance between hands-on experience and a number of training sessions in which senior managers of Citi gave us valuable overviews about their divisions. Through the whole experience, I gained a lot of knowledge on how Transaction Banking works globally and particularly in Asia Pacific.

Companies which hired our graduates or interns in the past few years (partial list) :

Pablo Abad GomezClass of 2011SpainPre-MBA: Market Explorer, ChinaGrupo Jose Queralto, S.A.worked as Summer Intern in Citigroup in Summer 2010

40 Career Career 41

Li & Fung recruited me over 2,000 applicants world-wide, before I completed my MBA. It turned out the skills I learned in courses like Managerial Communication and Responsible Leadership and Business Ethics played a critical role in my success. I found out that multinationals like Li & Fung value managers who can lead and make sound decisions, which my MBA prepared me for.

Karsten HeinrichClass of 2011GermanyPre-MBA: Project Management ConsultantGTZ International Services

My previous experience was mainly in the West in business processing and re-engineering. The MBA gave me the opportunity to learn about accounting and finance and try new approaches in a risk-free environment. It is much more rewarding to get your ideas across when you are challenged in ways you don’t expect. I also learned more about Asia. The soft skills and knowledge I gained all help me in my current job.

Samuel Lauras Class of 2009FranceRegional Project ManagerAXA

Employment Highlight 2010

HKUST’s MBA graduates enter a wide variety of industries and functions, reflecting the diverse and international student mix that is a hallmark of our program. This year, finance/banking continues to be the largest industry sector employing our graduates. However, industry sectors such as manufacturing/ industrial/ distribution, technology/ media/ telecom, consumer/ marketing and consulting continue to attract large number of our students.

Our students secure a wide variety of roles upon graduation. Business development/strategic planning, financial analyst/associate, product/technical management and marketing or account management roles are all common.

The majority of our students continue to work in Hong Kong after graduation; however, interest in China and other Asian markets such as Singapore continues to grow. As a world-class MBA program located in the heart of Asia, our students are well positioned to focus on developing their careers in this region.

Hong Kong 54%

Overseas 29%

China 17%

Employmentby Location

Employmentby Function

Finance/Banking 40%

Manufacturing/Industrial/Distribution 14%

Technology/Media/Telecom/Entertainment 14%

Consumer/Marketing 12%

Consulting/Professional 9%

NGO/Others 6%

Pharmaceutical/Medical 5%

Financial Analyst/ Associate 42%

General Management 20%

Marketing/ Sales 14%

Consulting/Professional 12%

Business Development/Strategic Planning 7%

Project/Technical Management 5%

Employmentby Industry

Applying to HKUST

42 Admissions Admissions 43

AdmissionsOur admissions process aims to bring the HKUST MBAa diverse group of participants with a variety of abilities,experiences and academic backgrounds. Applicantsshould meet the following requirements:

• strong bachelor degree; and

• satisfactory GMAT score; and

• minimum two years’ full-time work experience after the first degree; and

• a good TOEFL/ IELTS result if English was not the language of instruction at undergraduate level.

How to apply1. Make an application

Online application forms are available on the HKUST MBA program website. Your application should include:

i. completed online application form, including essays

ii. three online work references

iii. academic transcripts

iv. GMAT official score report

v. TOEFL/ IELTS official score report (if applicable)

vi. application fee

Please refer to the online guidelines on how to completethe application form and submit supporting documents.We accept fax or scanned copies of (iii) to (v) at the application stage.

2. Application fee

The application fee of HK$1,560 can be paid by:

i. online credit card payment

ii. cash deposit to HKUST’s Hang Seng Bank account number 024 262 324999 014 in Hong Kong

iii. bank draft made payable to “The Hong Kong University of Science and Technology”.

The original pay-in slip in (ii) or bank draft in (iii) should be mailed to the MBA Program Office. The fee is non-refundable.

3. Admissions timetable

There is one MBA intake commencing in August each year. Admissions operate on a phase basis. International applicants are recommended to apply in Phase 1 or 2 to allow sufficient time for student visa application upon admissions.

4. Interview

We conduct personal interviews with short-listed applicants residing in Hong Kong and in Asia where possible. Otherwise a video interview will be arranged. Motivation, interpersonal and communication skills, career plans and maturity will be assessed during the interview.

5. Admissions decision

Evaluation is based on the information provided in the application and interview performance. Admissions decisions are not formula-driven but depend on an applicant’s overall profile. Admissions results will be available 12 weeks after the application deadline.

6. Accept an offer

Successful candidates are required to return a signed acceptance form together with a non-refundable deposit before the stated deadline.

7. Program orientation

All participants start the MBA program by attending the five-day residential program in August. Those interested in learning Mandarin can join pre-session training and those with non-business background are expected to join MBA accelerator in early August.

Application Deadline Interview Notification Admissions Results

Phase 1 16 November 2010 11 January 2011 8 February 2011

Phase 2 14 December 2010 8 February 2011 8 March 2011

Phase 3 15 March 2011 10 May 2011 7 June 2011

* Applicants are strongly recommended to check your application status through the online application system.

Financing Your Studies

Your full-time MBA is a major financial commitment so planning ahead is essential. Non-Hong Kong residents are required to demonstrate sufficient financial resources when applying for student visa.

44 Admissions Our Students 27

HKD USD (~eqv)

MBA Tuition Fee (for Intake 2010) $ 420,000 $ 53,900

Accommodation on Campus $ 42,000 $ 5,400

Books and Supplies $ 10,000 $ 1,300

Living Expenses $ 50,000 $ 6,400

Miscellaneous $ 24,000 $ 3,000

Total $ 546,000 $ 70,000

AcknowledgementThe HKUST MBA Program Office expresses its sincere thanks to all faculty, students and alumni who have made invaluable contribution to this brochure.

Contact us

MBA Program Office


The Hong Kong University of Science and Technology

Clear Water Bay, Kowloon

Hong Kong

Tel: (852) 2358 7539

Fax: (852) 2705 9596

Email: [email protected]

Website: www.mba.ust.hk

Program FeeThe total full-time MBA program fee (for either 12-month or 16-month program) stands at HK$420,000 (equivalent to ~US$53,900) for Intake 2010. Fee for 2011 admissions will be announced on our program website by Mar 2011.

Successful applicants who accept a place on the program are requested to pay a non-refundable deposit of HK$50,000 (equivalent to ~US$6,500), which will be offset against their outstanding program fees. The balance will be paid in two instalments.

An estimate of expenses indicates that students should budget around HK$546,000 (equivalent to ~US$70,000) for any 12-month period of study on the HKUST MBA.

Students who opt for the one semester exchange program will continue to pay HKUST tuition fees for the credits transferred from exchange schools. Travel and living expenses vary according to the location of exchange schools and are not included in the above estimate.

Financial aidFinancial Aid for Hong Kong residents

If you are a Hong Kong resident, you may be eligible for non-means tested loans through the Government Student Financial Assistance Agency. The HKUST MBA program is also listed as a reimbursable course under the Continuing Education Fund scheme. This provides reimbursement up to HK$10,000 for those who fulfil the criteria. More details of Non-means Tested Loan Scheme and Continuing Education Fund at www.sfaa.gov.hk

Financial Aid for U.S. Citizens

Our program was listed as an approved program under US Federal Student Loan Scheme in 2009-2010 academic year and is currently under re-certification process. Please refer to the program website for latest information.

Scholarships and awards

HKUST MBA Merit Scholarship

At HKUST, we offer MBA Merit Scholarship is offered to top 10-20% of the admitted candidates. Each award is worth HK$50,000*. The Merit Scholarship is awarded based on applicants’ academic and professional achievements, personal accomplishments, interview performance and potential contributions to the MBA program.

HKUST MBA Need-based Grant

The MBA Grant is offered to admitted candidates who demonstrate genuine financial needs. Award amounts range from HK$25,000 to HK$150,000* .

Jebsen Scholarship

Donated by Jebsen & Co Ltd, the Jebsen scholarship is available to full-time MBA students who are permanent residents of mainland China or the HKSAR. The scholarship is worth HK$100,000 each.

MBA Scholarship for Japanese to Study in HK

This scholarship aims at encouraging Japanese candidates to study MBA in Hong Kong. Permanent Japanese citizens who are admitted to the Full-time MBA program offered are eligible to apply. Successful candidates will be awarded a scholarship of HK$200,000 for MBA tuition.

Other Scholarships

In addition, through the generous support of companies and organizations in Hong Kong, awards and scholarships, ranging from HK$10,000 to HK$100,000, are available to students who show outstanding academic achievements and personal qualities. These are made subject to specific criteria set by donors. Students could apply for these scholarships during the course of MBA study.

More information on scholarships and financial aids can be found at:www.mba.ust.hk/ft/financialaid

* The range of scholarship amounts is subject to change.

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