Business Chief US and Canada January 2023 | Page 13

Executive education rising – Asia-Pacific

Business schools in Asia are rising in the Executive MBA stakes , according to the 2022 FT EMBA ranking .
Three programs based in the region took the top spots , with Kellogg-HKUST in Hong Kong ( one of the fastest-growing universities in the world ) taking the crown . CEIBS in Shanghai , and the Tsinghua-INSEAD EMBA spanning China and Singapore followed .
A further four schools in the top tier of 11 have bases in Hong Kong , China , or Singapore – Chicago Booth ; Washington University : Olin , Trium ’ s New York University ; and UCLA Anderson with NUS .
The ranking highlights the continued strong performance by schools in the region with global partnerships and is in line with the latest research from GMAC , with APAC schools reporting the largest year-on-year increase in favourable ratings globally . Among graduates in 2022 , 91 % report being employed at the time of graduation , compared to 78 % in 2021 , and one percentage point higher than European graduates .
� PURPOSE KEY FOR EMPLOYEES
A Deloitte survey reveals 62 % of employees consider an organisation ’ s purpose before deciding to join , with over a third saying a company ’ s purpose is as important as salary and benefits .
� M & A APPETITE OUTLOOK HIGH
Over the next three years , M & A appetite will remain high despite a likely recession , according to KPMG ’ s 2022 CEO Outlook . Nearly half ( 47 %) of CEOs report a high appetite ; 38 % have a moderate appetite .
� META ’ S METAVERSE VISION
In the first nine months of 2022 , Meta ’ s Reality Labs Division ( all things metaverse ) lost US $ 9.4bn with its operating losses expected to “ grow significantly ” in 2023 and total expenses expected to grow 13-16 %.
� CX TEAM DISINTEGRATION
According to Forrester , the estimated 80 % of organisations for which great CX is not part of their brand identity will finally demand proof that spending on CX is needed . Some of these firms will dissolve CX teams that can ’ t show the right numbers , with one in five CX programs expected to fold .

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