Singapore Management University’s (SMU) Lee Kong Chian School of Business (LKCSB) has been ranked 58 in the Financial Times’ (FT) 2021 global ranking of Master of Business Administration (MBA) programs, advancing five spots from its previous 63rd position in the 2020 rankings.
The MBA program has much to be proud of. Alumni of the program reported a weighted salary of US$121,279, an increase from US$115,039 reported in last year’s ranking. SMU LKCSB’s MBA Programme also excelled in indicators such as ‘value-for-money (31st worldwide, moving up 14 spots from last year’s 45th place).
In support of the nation-wide lifelong learning initiative, SMU encourages alumni to partake in a range of courses to continue honing the skills in their discipline of choice. Building on the sound foundations laid during their postgraduate experience, graduates get to broaden their knowledge beyond their primary domain and acquire new skills for career resilience in a workplace that is being reshaped by the current pandemic and technology becoming ubiquitous.
The diversity of the program also improved, with 24 percent female faculty and 33 percent women on the board. The program’s 2021 intake achieved gender parity and these latest recruitment efforts, as well as the rankings, attest to SMU LKCSB’s commitment towards infusing gender diversity into its MBA program. With less homogeneity in organizations today, the School recognizes the fact that gender diversity enhances the learning experience for everyone, which includes improving empathy in engaging with issues during classroom discussions.
In addition, the School introduced the Overseas Immersion Programme (OIP), which involves taking its MBA students outside the classroom and beyond Singapore, for exposure to how business and management are conducted in other parts of Asia. In particular, the OIP gives MBA students opportunities to engage business leaders as well as network with SMU alumni in other parts of Asia.
“The ongoing pandemic has spotlighted the need for individuals and institutions to adapt to new ways of working and learning. This ranking attests to the distinctive value that our MBA program brings to equip our graduates to thrive in a Covid and post-Covid world,” says Professor Gerard George, Dean of SMU’s Lee Kong Chian School of Business, and Professor of Innovation and Entrepreneurship.
“We will continue to place a strong emphasis on adding value to the program, ensuring its robustness and responsiveness to the changing needs of industry, in tandem with nurturing future leaders who are innovative, agile, and driven by purpose,” Professor Geroge adds.
Notably, in 2018, SMU LKCSB was one of the youngest business schools in the world and the only Singaporean business school, to achieve ‘Triple Crown’ accreditation. This distinction of being triple-accredited by the Association to Advance Collegiate Schools of Business (AACSB), AMBA, and European Quality Improvement System (EQUIS), is held by a very select group of business schools around the world.