[Sponsored Report] Yonsei MBA ranked 76th by the Economist

The Yonsei University School of Business’ Global MBA (GMBA) has become the first MBA program in Korea to be ranked in the “World’s Top 100 Full-Time MBAs” by The Economist magazine, and was positioned 4th among Asian business schools included in the ranking. The magazine’s editors ranked the GMBA 76th in the world, higher than the China Europe International Business School and the National University of Singapore.

“This ranking among the world’s elite business schools is recognition of our hard work at many levels,” said Park Sang-yong, dean of the Yonsei School of Business. “It does not mean our work is over. But it does mark a big step toward our goal of being ranked in the top 50 global MBAs by 2015, when we will celebrate the 100th anniversary of the Yonsei School of Business. We expect eventually to be among the top 30 global business schools and compete with the world’s best universities.”

Inclusion in the ranking by The Economist, which has a worldwide circulation, is the latest honor for programs at the Yonsei School of Business. Its part-time corporate MBA for executives was ranked 71st in the EMBA rankings 2010 by the Financial Times. This was another first for Korean business schools.

These rankings have come after a concerted effort at the school to develop and implement a diverse range of specialized programs to meet the academic needs of people with different levels of expertise and of people at different stages in their careers. An integral part of that effort has been to attract international students as well as draw faculty educated at the world’s premier schools who will undertake sophisticated research.

In pursuing its goals, the Yonsei School of Business has sought and achieved international recognition through accreditation by the Association to Advance Collegiate Schools of Business. It was the first Korean business school invited to join the Graduate Management Admission Council, and it has executed cooperative agreements with the CFA that recognize the school’s programs as meeting global standards.

By Lee Ji-hyun [concordia@joongang.co.kr]