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HKUST 2012-13 Annual Report
31
Building on its solid foundation and rising
international reputation, the School has been
actively seeking opportunities to create new
learning experiences that meet the needs of
the global workplace and extend its education
footprint. Over the year under review, the School
made final preparations for a series of program
initiatives, including the World Bachelor in
Business program, a pioneering three-continent
undergraduate program, run in collaboration with
the University of Southern California in the US
and Bocconi University in Italy; an MSc Program
in International Management, in collaboration
with CEMS, a global alliance of leading business
schools, multinationals and NGOs; and a MSc
Program in Global Operations. The three
programs will commence in Fall 2013.
In May 2013, the School launched a pilot part-
time MBA program in the Kingdom of Saudi
Arabia, with support from Saudi Aramco, the
biggest integrated oil company in the world.
This marked the School’s first company-
sponsored MBA program. The program has not
only extended the School’s geographical reach,
but also brought its world-class program to an
important region.
RESEARCH EXCELLENCE
Teaching and research go hand in hand at the
School, which is committed to producing high-
quality, insightful research that informs economic
and business decision-making. The School
was ranked No.1 in Asia and No.16 globally by
the University of Texas at Dallas Top 100 World
Rankings of Business Schools (2008-2012). HKUST
also excelled in the QS University Rankings
by Subject 2013, with Statistics & Operational
Research ranked No.7, Computer Science &
Information Systems at No.12, Accounting &
Finance at No.16, and Economics & Econometrics
ranked No.32.
The School’s research received additional
support from the business community, including
donations from the Tanoto Foundation and Mr
James Thompson to assist the development of
the Tanoto Center for Asian Family Business and
Entrepreneurship Studies and the Thompson
Center for Business Case Studies respectively.
STRENGTHENING LINKS
Alliances and partnerships continued to be a
key objective, with the School becoming the
first CEMS member school in Hong Kong and
joining 20 other business schools around the
world to form the Global Network for Advanced
Management.
In addition, the School strengthened its
position in Mainland China, developing a new
collaboration with Peking University’s HSBC
Business School to enrich and enhance its MBA
program offered in Shenzhen. The collaboration
was approved by the Ministry of Education in
April 2013.
MOVING IN, MOVING ON
In another exciting development, the School
moved in phases to the new Lee Shau Kee
Business Building on campus in summer 2013.
The dedicated, state-of-the-art facility houses the
School’s 400 staff and 4,200 students, providing
an ideal place to continue to advance business
knowledge and develop business leaders to
contribute to the advancement of the region.