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BEIJING, June 4, 2014 /PRNewswire/ -- Tsinghua University and its PBC School of Finance welcomed a delegation of faculty and associate deans from the Samuel Curtis Johnson Graduate School of Management, Cornell University today as part of an announcement of a new exciting partnership. The new venture includes the launch of a dual degree MBA and Finance MBA offered in both English and Mandarin to corporate and organizational leaders across China and beyond. The 21-month-long program is scheduled to commence April, 2015, and offer 60 credits and is designed as bilingual for the purpose of recruiting both Mandarin and English-speaking students all over the world.
"The launch of the dual-degree program is truly a historic moment in our respective schools' histories. With China as the second-largest economy in the world, it is an important point in time to collaborate and develop this important partnership and unique program, to benefit students and executives from both America and China," said Johnson at Cornell Dean Soumitra Dutta."
The expected number of enrolled students is approximately 65 with an average age of 30 to 35 and an average of five to eight years work experience. Coursework will include two, two-week study trips consisting of case competitions, a Wall Street trek, and integration with Johnson MBA and Executive MBA students on the Cornell Campus in Ithaca, NY, and the Cornell Tech Campus in New York City to provide an optimal learning environment and opportunities for intense collaboration.
"Innovation is so important to the next phase of economic development in China," said Ya-Ru Chen, Academic Director of China Initiatives, Nicholas H. Noyes Professor of Management and Global Business. "Facing the growth pressure, China inevitably has to upgrade its focus and move up the value chain; for this reason, innovation is key."
"We plan to carry forward the excellent tradition of the two schools, hand in hand, to create new opportunities and prepare our students for challenges in the business world of the 21st century," said PBCSF's Executive Associate Dean Liao Li. "We are honored to be part of this formidable partnership and foresee the tremendous possibilities for mutual growth."