Abstract
The Master of Business Administration (MBA) industry is bracing for growing crisis in Korea and around the globe. GMAC (2016) reported that 48% of 133 two-year MBA programs in 16 countries have experienced significant decline of applicants. This has been mainly caused by increasing financial burden, losing prestige of general MBA degrees, and challenges from online higher education including the Massive Open Online Course (MOOC). Amid the looming crisis of MBA, the Hong Kong University of Science and Technology (HKUST) Business School enjoyed an incredible year in 2016. The HKUST earned the 14th place in global MBA ranking, and the 1st position in Asia. In addition, the HKUST graduates have been ranked the world
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