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LIEgime stinks so much that reputable institutions do not want to be associated with it, another example being U of Chicago closing its MBA programme to move to HK

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  • Robert Ho
    University of Chicago closes its MBA programme in SG & moves it to
    Message 1 of 1 , Jul 11 5:51 PM
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      University of Chicago closes its MBA programme in SG & moves it to HK

      The University of Chicago Booth School of Business will relocate its Asia Executive MBA programme from Singapore to Hong Kong in 2014, after running the programme in Singapore for the past 13 years.

      “We aspire to have a robust, ongoing presence in Singapore, and we are looking at options for continued and new programming in the region,” said Mr Sunil Kumar, Chicago Booth dean and George Pratt Shultz Professor of Operations Management.

      Chicago Booth is exploring space options for holding classes and other activities in Singapore after the Asia Executive MBA Program relocates. Potential activities in Singapore include custom executive education, remote teaching, seminars, and alumni and community events.

      Meanwhile, the Hong Kong Govt has issued a statement today (11 Jul) welcoming the decision by University of Chicago Booth School of Business to come to Hong Kong [Link].

      Hong Kong’s Financial Secretary John Tsang welcomed the move, saying the school will boost the region’s intellectual capital.

      Hong Kong’s Education Secretary Eddie Ng said, “The establishment of a campus of Chicago Booth in Hong Kong will enhance Hong Kong’s position as a regional education hub, nurture talent to support the growth of our economy, and strengthen Hong Kong’s competitiveness.”

      “It is a piece of good news for Hong Kong.”

      Hong Kong has been ranked 3rd among 80 cities in the Economist Intelligence Unit’s study on the best international education destinations in the world, he said, adding it recognises the achievements of Hong Kong’s tertiary sector.

      Chicago Booth is consistently recognised as one of the best business schools in the world.

      This is not the first time a foreign university has closed or moved its campus from Singapore. There have been others in the past:

      1. Tisch-NYU film school
      2. UNSW
      3. John Hopkins
      4. NYU-NUS graduate law programme

      How much taxpayers’ money lost?

      Many of these foreign universities in Singapore were generously funded by the Singapore Govt through the Economic Development Board (EDB).

      Popular blogger Leong Sze Hian has questioned the amount of Singapore taxpayers’ money EDB has lost in all these education ventures [Link][Link].

      Mr Leong said:

      “How much money did Singapore lose this time on yet another failed university tie-up?

      Like people say – if it’s one time, it’s an accident – 2 times, it’s bad luck – 3 times, it’s fated – 4 times, it’s TV serial. And now it’s the fifth time!

      So, how much money have we lost in total for the 5 failed tie-ups?”

      In the past, whenever questions were asked about the losses EDB had incurred, EDB would give cryptic answers.

      For example, with regard to the failed NYU-NUS graduate law programme, ST reported on 22 May 2013, “A (EDB) spokesman declined to reveal how much money had been given to date, but said the board closely monitors the progress of schools that have been awarded financial incentives.”

      When Tisch-NYU film school closed, ST on 9 November 2012 quoted EDB’s Assistant MD Alvin Tan, when asked if EDB expected to recover any money, as saying, “Details of the contract agreed between EDB and NYU are confidential. EDB is unable to provide additional comments.”

      Now that University of Chicago is pulling out, it is not known how much money, if any, the Singapore Govt has invested in the failed venture through EDB, and if any of it is recoverable.


      --
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