Chinese universities announce tuition fee hikes within their MBA programmes for the new school year
Some of China’s most famous universities, including Peking University and Tsinghua University, have decided to implement large tuition increases within their MBA programmes beginning next school year. Part-time MBA tuition fees could increase by over 50%.
These fee hikes are due in part to China’s overheated economy and its increasing inflation. The country’s economic situation does not entirely explain the increase, however. Chinese business schools have remained mum on the reason behind the increase but it is known that many state-funded universities take up to 30 percent of the revenues generated by their MBA programmes.
These significant tuition fee increases, which would see MBA tuition fees at Tsinghua University hit nearly 200,000 yuan (about 30,000 US dollars), could affect students’ desire to study locally and could potentially halt the growth of China’s developing MBA market.
The high price tag on their MBA education could also cause candidates to abandon their studies or to choose a foreign programme. This would be particularly true for younger candidates with fewer financial resources. In China the average age of an MBA candidate is 27 to 28 years old (statistics provided by Fudan University).
Source: People’s Daily, China Daily, China Business News
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