Everything you need to know about doing an MBA in Hong Kong

Hong Kong is an interesting, unique look at vacation spot at the vanguard of business, innovation, and finance. We spoke to insiders on the top business MBA in Hong Kong  faculties in Hong Kong to research greater about post-MBA career opportunities in the city, the challenges college students face if they want to do an MBA in Hong Kong, and how the 2019-2020 political protests affected scholar existence.
In short
Why Hong Kong is an attractive observe vacation spot for MBA college students
Four pillar industries in Hong Kong
High living prices in a quick-paced metropolis: Challenges of pursuing an MBA in Hong Kong
How did the Hong Kong protests have an effect on scholar existence?
What you want to recognize before arriving in Hong Kong
Why Hong Kong is an appealing examine destination for MBA students
There are several reasons why college students are interested in doing their MBA in Hong Kong.

First, Hong Kong is a enterprise hub and one in all the biggest monetary hubs in the international. Many multinational organizations have local places of work or headquarters based in Hong Kong, such as IBM, Estée Lauder, and FedEx. “That way the sort of possibilities that [students] are going to get in Hong Kong [and] the sort of learning that we’ll observe in Hong Kong, it’s going to be wonderful due to the fact an MBA is honestly a journey. It’s an revel in, now not simply constrained to what occurs within the classroom…but past that, and that’s where Hong Kong as a vacation spot comes in,” says Sachin Tipnis, Senior Executive Director at HKU Business School. (02:26)

Second, “Hong Kong has a completely flexible and talent-friendly visa policy,” Usilaner Li explains. Usilaner is the Manager of Marketing & Admissions for MBA Programs at The Hong Kong University of Science and Technology (HKUST). This way “for all non-local, complete-time college students, after they end their research, they are able to observe for a visa for as much as three hundred and sixty five days without any conditions, however then they are able to paintings in Hong Kong.” (01:15)

Hong Kong’s paintings visa coverage for students “showcases that Hong Kong is open for talent,” Sachin proclaims. “It additionally showcases we want to maintain the expertise we are schooling – and that is a very crucial attention for MBA college students.” (03:35)

Third, Hong Kong is a secure and expat-pleasant metropolis. In truth, the town’s expat percent of the population is one of the highest inside the global. It doesn’t harm that both English and Chinese are the reputable languages utilized in Hong Kong, making it smooth for expats to stay and work in the city. In terms of protection, Usilaner adds, “[For] women like me, if I want to go out overdue at night time, it’s miles nonetheless nice…So I could say Hong Kong is a totally secure metropolis to stay in.” (01:fifty nine)

Four pillar industries in Hong Kong
“In Hong Kong, we’ve four pillar industries that provide awesome opportunities for employment,” Grace Liang, Executive Director of MBA Programs at The Chinese University of Hong Kong (CUHK) Business School, explains. (04:01) These industries are:

Financial offerings. Among the a hundred biggest worldwide banks, 70 have an office in Hong Kong.
Trading and logistics. Located at the heart of Asia, Hong Kong bridges East with West. The largest the various 4 most important financial pillars in Hong Kong, buying and selling and logistics accounted for 19.8% of the metropolis’s GDP in 2019.
Tourism. While tourism was badly hit during the coronavirus pandemic, it stays one of the primary pillars of the economy in Hong Kong. In 2018, tourism accounted for around 6.6% of overall employment.
Professional offerings. Hong Kong boasts a ramification of commercial enterprise and professional offerings in fields like HR Consulting, Legal Services, and Sustainability. In 2019, 89% of total employment was taken up by way of the expert offerings zone.
Beyond these pillar industries, Grace adds that Hong Kong’s Greater Bay Area is “the heart for entrepreneurship and…circle of relatives business in Hong Kong.” (06:15)

Usilaner also notes technology as an up-and-coming industry inside the city. For example, in HKUST’s MBA Class of 2019, “33% of students landed jobs in generation,” Usilaner says. “In the beyond whilst we may want to nonetheless fly, Facebook would have someone flying from the Singapore workplace to our Hong Kong campus to recruit our students.” (06:fifty seven)

High dwelling costs in a fast-paced town: Challenges of pursuing an MBA in Hong Kong
The biggest project college students might face in the event that they need to take a look at in Hong Kong is the high living prices. While every day charges are similar to different big towns around the world, Hong Kong’s housing expenses make it one of the most highly-priced cities for expats.

To entice the first-rate and brightest students to their MBA programs no matter the high living fees, business colleges in Hong Kong offer various alternatives to make residing within the metropolis more possible. Through answers like less costly on-campus housing and scholarships that cover as much as 100% of tuition costs, MBA college students can still keep in mind Hong Kong a top look at destination.

Besides price, college students may additionally face the project of adapting to an extremely rapid-paced city. Sachin advises, “You need to make sure that your character and your profession goals are aligned to this form of paintings culture or the manner that Hong Kong moves…You want to really understand the nearby culture, neighborhood beliefs, local values, and that occasionally will be hard – however in case you’re capable of try this, Hong Kong could be a first rate destination.” (08:06)

Grace provides, “[Students] need to simply prepare for terribly in depth studying,” as they’ll be uncovered to masses of networking events and pupil activities alongside their studies. Therefore, Grace urges students to “truely plan ahead in terms of how to balance take a look at, networking activities, sports, and so forth. For you to make the most out of the program.” (09:04)

How did the Hong Kong protests affect pupil life?
Between June 2019 and November 2020, Hong Kong saw numerous months of pro-democracy protests over plans that could have allowed extradition from Hong Kong to mainland China.

As the protests became international news, we wanted to understand how the Hong Kong protests impacted student life.

“Even at the peak of these demonstrations, it became very localized,” Sachin tells us. “It never spread to the volume that disruptions passed off in our MBA students’ studies or in classrooms on-campus.” (thirteen:39)

Usilaner says, “During the protests, we suggested that our students simply live faraway from the ones protest areas…Basically, our students have their studies as regular or a number of the instructions have been taught on line, like now [during] COVID-19. But I would say, in any case, Hong Kong is a very safe metropolis.” (12:forty eight)

In brief, despite the unrest, schools in Hong Kong are dedicated to protecting their college students and turning in a incredible, safe revel in for every person.

What you want to realize before arriving in Hong Kong
Before you embark on an interesting MBA adventure in Hong Kong, Usilaner, Grace, and Sachin would like to leave you with some things to keep in mind:

“Hong Kong is a totally multinational town…[and] our MBA software is also very multinational, because of this you’ve got a variety of stimulation from unique cultures or people from exceptional backgrounds,” Usilaner says. “So I would recommend [students] live very open-minded [and] to search for possibilities not best to your preferred enterprise, however additionally in other industries or even other locations.” (20:forty five)

“It goes to be very extensive gaining knowledge of,” Grace explains. “I would advocate to put together for a notable deal of hard work mentally. You could have guides, lectures, however [also] plenty of networking activities [and] student-prepared sports. Everything will maintain you busy. At the [same time], there are loads of expert workshops, more interviews and internship opportunities…So it’s miles going to be a totally busy life in Hong Kong.” (21:17)

Finally, Sachin emphasizes the unique work visa for MBA graduates in Hong Kong. “Hong Kong is open for skills, and that’s why [you] get [your] student visa transformed into a piece visa without any problem,” he says. Because this paintings visa isn’t connected to an agency, “this also manner that it’s smooth to begin an entrepreneurial project in Hong Kong due to the fact you have got the visa for your name.” (22:08)

To sum it up, Hong Kong is a fascinating observe vacation spot at the coronary heart of Asia. As a major commercial enterprise and financial hub, students will discover plenty of career possibilities throughout industries publish-MBA. Leading commercial enterprise colleges also provide state-of-the-art, current curricula to set students up for fulfillment for doing enterprise in Asia.

Watch the video under to find out how HKU Business School, HKUST, and CUHK set their college students up for success in a flourishing place.

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