China: Why Western B-Schools Are Leaving:
All foreign schools have to collaborate with a Chinese university and contend with the local education authority and the Education Ministry, which exercise tight control over joint ventures. But the biggest problem is that relatively few Chinese have the requisite language skills to handle an all-English curriculum. And with the cost of these programs averaging $50,000, companies send only those with real potential. “I’ve done the math several different ways, and I always get the same result: It’s a really small market,” says Patrick Moreton, managing director of the program offered by Fudan University and the Olin School of Business of Washington University in St. Louis, one of the more successful ventures. The five top programs in Shanghai together have only 230 students enrolled.