Seventy Business School leaders converged in Shanghai on November 3-4, 2014 for the Graduate Management Admission Council's Asia Pacific Conference. Exploring the theme of Building Engagement and hosted by the School of Management, Fudan University, it was the first time the conference was held in Mainland China.
Industry experts from PwC, LinkedIn, Liberty Insurance and WeChat among others shared insights with delegates from China, South Korea, Australia, Philippines, India and Singapore on connecting with and growing Chinese talent.
The need for Business Schools to educate and develop globally-minded graduates with strong interpersonal, leadership and communication skills was a key outcome from the conference. Leading corporate recruiters at the conference shared trends in engaging and recruiting talent from Business Schools.
"We are pleased to bring our Asia Pacific Conference to Mainland China for the first time and provide a platform for Asian Business Schools to learn, share and discuss this critical topic of connecting talent" said Sangeet Chowfla, GMAC president and CEO.
"Business Schools are developing the talent pipeline needed to bridge China's skill gap and achieve its targets for growth. GMAC is a partner in this mission by connecting Chinese citizens with 6,100 Business and Management programs worldwide through the GMAT Exam" Chowfla continued.
In 2014, 57,783 Chinese citizens sat the GMAT exam, a 9 percent increase from 2013 and sent 143,524 GMAT score reports to business and management programs worldwide. While Master of Finance and Master of Accounting programs are the most popular degree programs, receiving 70 percent of all GMAT scores from Chinese citizens, score sending is increasing to other programs including Marketing, Data Analytics and Supply Chain Management.
According to GMAC's survey of graduating students in the Class of 2014, 82 percent of Chinese students at Business Schools agree that their education provided them with a competitive advantage in the job market. Graduates worldwide cite an 80 percent increase in new job offer compensation over their pre-degree salary.
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