Break the Myth of MBA: China MBA Report

Author: Yuwei
Publisher:
Publish Date: 2002-10-01
Features: How did MBA become popular and trendy in such a short time, spreading across the country and even becoming a costly fashion? This is related to the myth of MBA. The reason why an MBA degree evolved from a business management master's program into a myth is inseparable from the following widely circulated claims: First, China's massive demand for MBAs—from 300,000 to 10 million; second, the extremely high salaries of MBAs—with starting salaries ranging from 80,000 to over 800,000; and third, the belief that an MBA can transform a person, making them a wealth-creating hero, a shortcut to the upper management echelons, and a passport to the "upper class."