The University of Hong Kong, or HKU, is the most prestigious MBA programme currently available in Asia, and many undergraduates are very interested in admission to university. This year, The Economist magazine ranked HKU as the number one MBA programme in Asia for the fourth consecutive year. The Financial Times also ranked HKU as the thirty-first best MBA programme in the world. This is very big news because Hong Kong University is also one of the youngest MBA programmes in the world. As such, many undergraduates who are interested about admission to university are wondering what is required of them should they decide to apply. Here’s what you need to know about the HKU MBA programme.
HKU hopefuls have two options when applying for admission to university: part-time or full-time. The requirements are the same for both: an applicant must have a recognized bachelor’s degree, a satisfactory GMAT score (600 minimum), at least two years of postgraduate work experience, and a passable Test of English as a Foreign Language (TOEFL) proficiency score. If you happen to be lacking in the GMAT or TOEFL score area, you can still apply as long as you have an undergraduate degree, two years of postgraduate work, and submit your GMAT and TOEFL scores at a later date. Additionally, the TOEFL score requirement does not apply if your undergraduate degree comes from an institution where the curriculum’s main language is English.
Because of HKU’s growing status, admission to university is drawing lots of international student interest. While this is exciting, getting a student visa can be a tricky process for the right to study at HKU. While applying for a student visa, a student needs to provide proof of residency in Hong Kong. This means a student has to already have their intended residence set-up beforehand, whether it be in the school’s dormitories or an apartment off-campus. But be warned: bureaucracy can be a time consuming process, so once you decide on attending Hong Kong University for an MBA, find a place to live and begin the visa process immediately. If any questions arise, contact the administration office at Hong Kong University.
If you are an international student, Hong Kong University can also be expensive. While Hong Kong locals pay about HK$50,000 a year, an international student can expect to pay over three times that. Coupled with the high cost of living in Hong Kong, expenses can add up quickly. This also doesn’t include books or other MBA school necessities. Thankfully, there are lots of scholarships and grants available to students based on outstanding academic achievements. If you’ve also worked hard to succeed, Hong Kong University has financial help opportunities available.
In the end, admission to University of Hong Kong’s Business School is intended for those who want to succeed and thrive in the booming economy of Hong Kong and the rest of Asia. Hong Kong leads the world with the freest economy, low business taxes, a growing strategic financial centre, and much more. Hong Kong University’s Business School is number one in Asia for a reason: it takes pride in expanding within the Asia-Pacific region while keeping an international conscience in mind. Wherever your MBA from Hong Kong University takes you, you will be greeted with respect.
Higher education is becoming more important in today’s world. The number of people seeking additional certifications after their first degree is increasing, as employers become more demanding about the job specifications. Some jobs currently require the applicants to have a master’s degree as a minimum requirement even before they are considered for the position. Also, prior to giving any promotions, a good number of employers insist that employees should have an MBA; meaning possessing one is directly linked to career growth. An MBA is highly regarded as it prepares an individual to handle the management aspects of an organization better, and it gives the person an edge over other workers as well.
Currently, Canada is considered one of the top destinations for students seeking MBA degrees. This is based on rankings given by various researchers who have also revealed that Canadian Business schools are among the best worldwide. Several of these schools have been positioned among the top 20; and while the highflying ones feature prominently on this list, there are also less known ones that are equally good, and these offer MBA courses that are just as competitive if not better.
Wilfrid Laurier University is one of the renowned Canadian universities that offer MBA programs. The good thing about taking an MBA here is that one will not only acquire knowledge in their field of study, but the program also instills confidence and leadership skills in the students. The institution basically operates with a global inclination, seeing as the market at present requires business executives to think global in their decision making. In view of this, the establishment helps students become aware and understand that even as they seek for solutions, they will not only be solving problems for Canada or Europe but for the world as a whole.
Some of the students who have gone through the MBA program at Wilfred Laurier University manage the biggest corporations earning millions of dollars in annual revenue. They are also among the most competitive in the market and are highly regarded among their peers, considering the superior level of training that they receive. The best part is that people who get an MBA are more likely to start off on a higher salary and get a salary raise; this means that it doesn’t take them too long to recoup the investment made while obtaining their Masters degrees. Indeed, higher education in Canada is very important seeing as MBA graduates are usually better paid than their high school graduate counterparts. This has seen the number of students seeking higher education rise sharply in the past decade.
While it is important for learners to look for avenues to improve their academic qualifications, it’s equally important for employers to facilitate their workforce appropriately and provide them with opportunities to pursue further studies. Even as this may help employees grow as individuals, it is also the best way to ensure that the company remains competitive so that it is well armed to face and address challenges in future
Investment banking can be a rewarding and lucrative career. Not only does it offer the opportunity to progress into high-level executive positions, many investment bankers also move on to become venture capitalists such as VC Rick Bolander. However, the truth is that only a small number of people ever make it into investment banking – the industry is highly selective and competition among candidates is fierce. Therefore, if you want to get into this field, you need to invest serious time in gaining the experience and qualifications that will maximize your chances of getting hired.
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The good news is that following the financial crisis, there are increased opportunities for people who can help banks to manage risk. In fact, according to a 2013 report by Accenture, a combination of changing economic conditions, new technological advances and tougher regulations are creating opportunities for candidates who have analytical capabilities – including statistical analysis, information modeling and quantitative analysis. The study goes on to forecast that the global banking industry is likely to recruit 21,500 new bank analysts by 2015, an increase of 23% over 2010. In fact, there may actually be a shortage of these types of skills. However, you should know that many of these roles are highly technical. For instance, most quantitative analysts – or quants as they are known – have a PhD in mathematics.
If you do not have this level of technical ability, then another route is to study for a business degree. As a minimum, you will need a bachelor’s degree, and an MBA is preferred if you are hoping to obtain an advanced position. If you are trying to get an entry level post, then your bachelor’s degree should ideally be from a well-known business school – for example, Wharton or Harvard Business School – and you should focus on areas such as business finance, accounting, economics, statistics and business administration. For advanced roles, your MBA again should come from a high-end business school, and ideally address areas such as bond valuation, options trading strategies, risk management and tax law.
If you do manage to get an interview with an investment bank, then it’s essential to get your preparation right. You need to be prepared to sell your experience confidently – investment bankers are not looking for candidates who are unsure of themselves. Focus on things such as problem solving and analytical skills, as these are what banks are looking for. Also, put a strong focus on your interpersonal skills – while back in the era of Gordon Gekko bankers had a reputation for aggressive and insensitive behavior, this is not the case anymore. Given a bank’s need to work globally across countries and cultures, they need employees who are able to operate in this environment.
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Finally, be prepared to work like you have never worked before once you are accepted. You need to make it clear during your interview that you are excited about putting in 80 hour weeks on a regular basis. If this is something that you are not prepared to do, then you should reconsider whether investment banking is for you.