MBA Alumni Association Founded
Capital Alliance Group Inc.’s (TSX-V: CPT) subsidiary, CIBT School of Business & Technology Corp. (“CIBT”), reports that on Dec. 10, 2005, the MBA Alumni Association of City University/Beijing University of Technology/CIBT School of Business was founded in Beijing, China. Over 300 alumni members, the Presidents of the three universities, two guest speakers and a number of representatives from the local and national media were present at the inauguration held at the Plaza Royale Hotel in Beijing.
In their speeches, Dr. Fernando Leon, Vice President of City University, and Dr. Zhang Ze, Vice President of Beijing University of Technology, stressed the importance of the alumni association for all the alumni members as well as the Beijing business community. Mr. Craig Allen, the Minister Councilor of the American Embassy, and Mr. Kent Yata, Vice President of Boeing China, also expressed their best wishes for the successful joint program to continue making valuable contributions to the two countries. Mr. Shuai Yang, Executive Vice President of CIBT Beijing, also presented a review to date of the program’s accomplishments.
The program began in 1996 and became one of the earliest government-approved foreign MBA programs in the country, allowing graduates to receive a U.S. accredited, and a Chinese government approved degree. With approximately 300 current students and over 900 graduates, the program has produced one of the largest alumni for a joint MBA program in China. Most of the graduates and current students of the program are from multi-national companies such as ABB, AT&T, Boeing, Microsoft, Motorola, Schneider, Shell, and The World Bank. One of the distinctive features of the program is the organization of partnerships with foreign companies to offer education services to their employees. Since 2000, over 200 students have benefited from the partnerships with Schneider and Boeing. The adjunct professors from North America have passed on their expertise and knowledge to students, which has made the program well known in the business community of China and in 2004, helped the program to a Top 10 ranking of the “Most Influential MBA Programs” in the country.
The alumni association will design platforms for both online and off-line delivery for its members in an effort to better communicate with each other and locate opportunities for career and personal development. A press conference was held after the inauguration with 10 representatives from the most popular newspapers, news websites and business journals in China. The event will be reported nationwide in the next two weeks.
CIBT School of Business is a leading business, technology and technical school in China for over a decade. CIBT operates three campuses in Beijing, two campuses in Weifang, and three learning centers in other cities in China. CIBT has academic partnerships with Beijing University of Technology and Weifang University, and delivers postsecondary business, technology and technical trade skill programs to students and corporations in China. By cooperating with leading education providers in North America including Western International University, a subsidiary of Apollo Group Inc., ITT Technical Institute, WyoTech Technical Institute, a subsidiary of Corinthian Colleges Inc., and other universities from Europe and Asia, CIBT delivers advanced curricula to meet the progressive needs of China’s growing student population.
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