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In the business-boom of the 21st century, the fiscal compass of the world is settling closer to the East. The basis of modern society lies in economic power, and with monetary success we know that business follows suit. Asia is fast approaching a crescendo in wealth production, and budding Asian generations are opting out of the traditional family business to forge their own path in the evolving business world.

As Asia’s wealth continues to rise, so does the weight of its world-renowned business schools. In years gone by, the country’s native students would opt to study business in Europe or America, but the ever-growing prestige of the country’s business institutions means that, in recent years, more and more are choosing to study close to home. All prospective students are searching for the best, and considering Asia’s thriving influence in business and economics, it’s not surprising that Asia’s burgeoning business schools are attracting students across the globe.

In the 1920s, 40 percent of the world’s foreign investment fund was owned by British firms. Blighty was knocked from the top in 1967, when America achieved a 10 percent upsurge on shares that were owned by the Brits. Behind these figures lies the conception of the ‘corporate revolution’; the British spread their advancements in media and public transport across the globe, whilst American organisations exploited the ‘American Dream’ through the development of advertising and a glamourized vision of Hollywood.  These movements kick-started the triumph of capitalism, and shaped the world as we know it.

Blasting ahead to modern-day China and the country is among the top three trading partners of most countries in the region as well as across the world, meaning its impressive socioeconomic impact will only continue to rise. Thailand, Malaysia, Indonesia and the Philippines are considered Asia’s emerging markets, with countries like Japan, Korea, India and others on the continent following close behind. Tej Kohli, an Indian technology entrepreneur, billionaire and philanthropist told The Financial Times:

“There are almost 4.5bn people in Asia, so generalisations are dangerous, but advancements in technology and access to information as a result have changed things dramatically.

In this modern, digital age of super-fast broadband, tablets and smartphones, the global population can grasp the world of business in their hands, and it is this, Kohli says, that has people striving for success.

“Fewer people want to go into the family firm, because their eyes have been opened to the opportunities.”

Kohli’s expertise lies in financial technology and harnessing data, and he informed FT that: “The opportunities [in this area] today in Asia far exceeds the West.”

The long-term ascent of Asian Business Schools may have shown annual fluctuations, but overall, their success is undeniable. Demand for quality education from these respected schools is certainly on the rise, with score reports for the GMAT revealing that in the past five years, the number of applicants from China, India, Hong Kong and Singapore sending their test scores to local schools has more than tripled.

Asia’s economic and population explosion has also caused a boom in the region’s Higher Education sector. Such steep increase in opportunity and desirable options means that Asia’s business graduates leave university with a definite, competitive edge that gives them the potential to breakthrough business anywhere in the world; therefore, more and more international students are (and will continue) choosing to study at these top Asian schools.

In recent years, established education authorities such as Hong Kong and Japan have seen fierce competition from countries like South Korea and Singapore; while of course, the all-round strength of China only continues to increase. Some of the best, world-renowned universities can be found in Taiwan, Malaysia, India, Thailand, Pakistan, Indonesia, the Philippines and beyond. Asia’s business might is a global force to be reckoned with, and for any prospective business student searching for the best; the world’s business ‘best’ undeniably lies within the schools of Asia.

BUSINESS SCHOOL, NATIONAL UNIVERSITY OF SINGAPORE – SINGAPORE

The National University of Singapore is a leading, global university located in Asia. The institution aspires to influence the future by altering the way people think through the provision of quality education, research and service. The institution is considered Singapore’s flagship university, consistently ranked among the Top Two universities in Asia, as well as the Top 25 in the world. For more than 45 years NUS Business School has offered a rigorous, relevant and rewarding education to outstanding students from all over the world. The School attracts a diverse cohort of intelligent, talented students to its broad portfolio of academic courses, including BBA, MBA, Executive MBA, MSc and PhD programs.

KOREA UNIVERSITY BUSINESS SCHOOL (KUBS), KOREA UNIVERSITY – SOUTH KOREA

Korea University is home to 37,493 students. The total number of international students in language, exchange and training programs stands at 2,164, making it a culturally diverse and ethnically rich place in which to live and study. The Korea University Business School (KUBS) is dedicated to nurturing the talent and character of its students in order to prepare them for a bright, successful future in business. The school has maintained its business accreditation by AACSB international, the longest serving global accrediting body for business schools that offer undergraduate, master’s and doctoral degrees in business and accounting. KUBS offers state-of-the-art educational facilities in three buildings equipped with the latest technology and effective infrastructure. Students can choose from a range of world-standard programs across both undergraduate and postgraduate level.

HITOTSUBASHI UNIVERSITY – JAPAN

Hitotsubashi University is the only Japanese university to specialise in the Humanities and Social Sciences. Since its foundation, Hitotsubashi has been at the forefront of Japan’s innovation. It has been a powerhouse for generations of Japan’s globally active business leaders as well as a research hub producing cutting-edge research in the global academic network of the social sciences. The Business Programs at Hitotsubashi University are among Asia’s most respected and comprehensive. They offer the scope and intellectual vitality to help transform curiosity about business questions in to principled prepositions in business. All of the programs boast strong student cohorts, since business is one of the most popular fields of study, and they all provide firm foundations and opportunities for developing a specialisation.

13 days left — Yesterday was my last class at Hitotsubashi University. This place rocks!!

A photo posted by Patcharapon Suppiumlarp (@jeanbullz) on

BUSINESS SCHOOL, HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY – HONG KONG

The Hong Kong University of Science and Technology (HKUST) is a young and dynamic university devoted to education and research. HKUST prides itself in its relentless pursuit of excellence, leading the advance of science, technology, business and humanities, and educating the new generation of front-runners for the world. The HKUST Business School‘s strength lies in their full range of program offerings, high quality research, conducted by world class faculty, and diverse and high-calibre students. The School offers a broad spectrum of degree programs, including undergraduate, MBA, EMBA, MSc, PhD as well as a wide range of executive education programs, accredited by AACSB and EQUIS.

BUSINESS SCHOOL, SEOUL NATIONAL UNIVERSITY – SOUTH KOREA

Seoul National University (SNU) honours the ideal of liberal education and aims to teach students a lifelong love of learning that will form the basis for continual personal growth. At the same time, it is committed to preparing students to live and work in an increasingly competitive environment. As South Korea’s first national university, SNU has a history of standing up for democracy and peace within the Korean peninsula. The SNU Business School is a world-class business institute that develops creative, challenging, and socially responsible global leaders. It provides an environment in which students can unleash their endless talents, and faculty can carry out their high-impact research. Students of the Business School at Seoul National University will be exposed to a diversity of fields that allow them to push the boundaries of their imagination to progress forwards in their chosen field.

Image via Shutterstock.

Certain extracts of this story were initially published on our sister site Latin Correspondent.

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