SKOLKOVO Business School and HKUST launch joint Executive MBA programme
Moscow, October 18, 2017. – Moscow School of Management SKOLKOVO and the School of Business and Management of the Hong Kong University of Science and Technology (HKUST Business School) announced to launch a joint Executive MBA programme in the autumn of 2018. The announcement was made on October 17 at the annual meeting of the International Advisory Board of the Moscow School of Management SKOLKOVO.
The educational programme “HKUST-SKOLKOVO Executive MBA Program for Eurasia” will be focused on business in Eurasia within the framework of the BRI-Belt and Road Initiative project. The language of tuition is English, and the programme will include six international modules in the USA, China, Israel, Kazakhstan, Switzerland and Russia.
Prime Minister of Russia Dmitri Medvedev at the meeting of the International Advisory Board approved the desire of the SKOLKOVO Business School to develop the international direction more actively: “Another priority of modern business education is scientific and educational cooperation. First of all – international, because the best management practices are 80% applicable in all countries. […] I support the desire of the SKOLKOVO [Business School] to join international business schools associations to confirm the world level of education and research.”
SKOLKOVO Business School is actively developing its international direction. In the autumn of 2016, Moscow School of Management SKOLKOVO and HKUST Business School signed a strategic partnership agreement. Since 2017, SKOLKOVO MBA and Executive MBA students have been offered the international modules in China taught by HKUST professors.
Professor Wei Shyy, executive vice president and provost of Hong Kong University of Science and Technology: “At the meeting of the International Advisory Board last year, we announced the beginning of work on a joint educational programme of the SKOLKOVO Business School and HKUST. A year after the signing of the cooperation agreement, we are pleased to present the joint educational programme in the presence of Dmitri Medvedev and ready to provide a dual degree offered by two highly respected institutions on two continents starting next autumn.”
Dean of the HKUST Business School Professor Tam Kar Yan: "The strategic partnership with Skolkovo manifests our commitment not only to sharing our proven experience in running joint executive programmes, but also extending our reach to provide the best business education to countries along the Belt and Road countries, including Eurasia."
Jack Ma, founder and chairman of the board of directors of the Alibaba Group, was one of the guests of the meeting of the International Advisory Board of the Moscow School of Management SKOLKOVO on October 17. He supported cooperation of the SKOLKOVO Business School and HKUST.
Jack Ma, founder and chairman of the board of directors of the Alibaba Group: “The world is shifting from IT to DT. IT is replaced by technologies aimed at the development of human potential. The modern manager, first of all, must simultaneously show innovative and creative approaches and constructiveness in his work. This is what exactly business schools should teach. However, business schools should focus on case studies of successful entrepreneurs. We must teach our students not to prevent mistakes, but to recognize their mistakes, draw conclusions and achieve their goals. In order to remain at the forefront of the business education, schools must relentlessly transform their teaching approaches and methods. I wish luck to the SKOLKOVO Business School and I am sure that it will chose this direction.”
The HKUST Business School is one of the most prestigious business schools in Asia. The joint Executive MBA programme of HKUST and Kellogg School of Management was ranked №.1 in the latest Financial Times Global EMBA Rankings in October 2017, achieving the top spot for the eighth time.