Graduates of Western schools typically double their pre-MBA pay. One Chinese school triples it
join Chinese firms. Some go on to Chinese companies that have either recently expanded abroad or acquired a foreign business. Others are young heirs taking charge of family firms as the country’s first generation of entrepreneurs retires. These have often gone to university in the West and want to “recharge themselves” in China, in Mr Ding’s words. The last big group are bosses who missed out on a business degree in their youth.
Many business schools now also run startup incubators to help students with a clever idea for a business. Some graduates co-found startups. Fellow alumni also benefit from the schools’ unusually close ties to China’s leading entrepreneurs. A stamp of excellence from a leading school is a good way to impress deep-pocketed domestic investors.
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