JAKARTA — For the first time, three Asian universities are in the top 30 of the 2018 World University Rankings published by Times Higher Education. The rankings cover more than 1,000 universities worldwide and are arguably the best-known and most prestigious of such league tables. The new list for 2018 places the National University of Singapore as the highest ranked Asian school at 22nd, level with the University of Toronto. The other Asian schools in the top 30 are China’s Peking University at 27th — tied with New York University and the University of Edinburgh — and Tsinghua University, also in China, at 30th.
SINGAPORE — Asia’s business schools have much ground to cover if they are to blend the region’s business models with the old nuts and bolts of MBA curricula borrowed from longer-established Western institutions. Not only is the region vast and diverse, from wealthy Singapore and Hong Kong to the middle classes emerging in China and Indonesia, the types of companies are also varied. Students come from or aim for companies as disparate as government-linked corporations, Asian-style family businesses, big Western multinationals, as well as an array of tech-based startups launched by the region’s young entrepreneurs. “The culture and the institutional details are very different,” said Nilanjan Sen, associate dean of Graduate Studies at Nanyang Business School in Singapore, discussing the gamut of businesses across Asia.
SINGAPORE/HONG KONG — There are plenty of metrics to chart Asia’s economic rise over the last two decades, ranging from economic growth rates and industrial output to tourist numbers and car sales. Less noticed, but just as striking, is the emergence of around a dozen first-rate Asian business schools. According to the Financial Times* global ranking of Master of Business Administration courses — an annual league table based on jobs found and money earned by graduates — 11 Asian business schools feature in the top 50 this year (including INSEAD, founded in France in 1957, but now French-Asian, with a campus in Singapore since 2000). “We can certainly link this with overall economic growth in knowledge-economies such as Singapore, Hong Kong and South Korea, which can regularly be found in the top 20s of global innovation indices,” said Mansoor Iqbal, senior MBA editor at Quacquarelli Symonds, an education consultancy.
JAKARTA — One of the world’s leading university ranking systems has found significant improvement in Asia’s tertiary education institutions over the past year, although long-established Western bodies continue to dominate the field in most key academic subjects. QS Quacquarelli Symonds, a London-based group, published its 2017 rankings covering 1,127 universities from 74 countries across 46 subjects. Harvard University and the Massachusetts Institute of Technology, described as “perennial rivals” by QS, led all universities in the field in 15 and 12 subjects, respectively. But the prominence of Asian universities has been increasing in recent years. While elite U.S. and European institutions are likely to remain at the top of the rankings in the near future, more Asian universities nonetheless are moving up the list, as regional economies grow and education spending increases. “It seems certain that Asia’s leading institutions will continue to strongly displace the second tier of North American and European institutions,” said QS research director Ben Sowter.
JAKARTA – Kuok said there was a downside to the faddish “start-up” ambitions expressed by other students. “People just said they would like to do start-ups, but often did not know exactly what,” she told the Nikkei Asian Review. “But for start-ups it should be that there is a need for something. You see the need, you do it yourself.” Guiltless was the product of Kuok’s love of fashion and the online start-up culture she encountered at Stanford. But it also showed that the 26-year-old has her father’s nose for a business opportunity. “In Hong Kong you have much less space, and less wardrobe space. When I moved back I had such a lot of items,” she recalled. “I said to myself that rather than just throw these out — such a waste — I’d like to sell these items online, give the money to charity. But to my surprise none of the top 10 second-hand luxury sites accepted items from outside Europe or North America.”
YANGON – In Myanmar, about 1.1 million kids start school each year in Myanmar, but of these only about 10 per cent finish high school, mostly those from cities and better-off families. Only one third of children from rural poor households manage to finish middle school. Such attrition makes it hard for companies who need educated, trained staff. “Businesses say that the second-biggest constraint to working in Myanmar is human resources,” said Christopher Spohr, an Asian Development Bank researcher.
YANGON – After 3 months of protest, a Feb. 10 deal on education reform allows activists help revise a divisive education law passed last year. Zaw Htay, a senior officer in President Thein Sein’s administration, told the Nikkei Asian Review that the deal between the government and the protestors was historic. “There has never been a compromise like this between the government and students in our history,” said Zaw Htay. But whether or not the education stand-off is over will depend on how parliamentarians react to the revised law. “So far, this is just a paper agreement, so we will wait and see what the parliament does,” lawyer Robert San Aung told the Nikkei Asia Review.