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The China Europe International Business School in Shanghai is on top of the world at the moment.

 

It has made a giant leap forward in Financial Times' rankings this year to be in 11th place on the esteemed newspaper's top 100 full-time global Master of Business Administration programs list.

 

It is the first time an Asian business school has made the first tier of FT rankings, school officials announced yesterday.

 

CEIBS, which was in 21st place last year, saw its graduates' salary increase by 159 percent three years after graduation, the highest pay rise among all the listed schools.

 

Graduates' weighted salary at three years reached US$146,410, based on the Purchasing Power Parity of the World Bank.

 

Meanwhile, CEIBS graduates' employment rate at three months was reported to have hit 99 percent, second only to that of the National University of Singapore.

 

The school's percentage of international students rose from 20 percent last year to 29 percent this year.

 

"The success of CEIBS is a result of cooperation between the Chinese government, the Shanghai municipal government, and the European Union," said Zhu Xiaoming, the CEIBS president.

 

Lydia Price, the school's associate dean and MBA academic director, also attributed the achievement to "being part of the great success of China's rapid growing economy."

 

(Shanghai Daily January 30, 2007)