|ETS Contact:||Kristen Mitchell|
Princeton, NJ, USA (October 27, 2022) – ETS China, a subsidiary of ETS based in Beijing, and the China Europe International Business School (CEIBS) have reached an agreement to establish the CEIBS GRE® Full Scholarship, to be awarded to a 2023 Master of Business Administration (MBA) applicant. The scholarship covers full tuition and aims to cultivate outstanding young talent in business schools.
Although the global economy continues to feel effects of the pandemic and economic downturns, and considering the countercyclical pattern of business education applications, the enthusiasm of young people to improve their competencies and personal growth through business education remains strong. Amongst applicants applying to graduate-level institutions worldwide through the GRE General Test during the 2020–2021 academic year, 10% said they planned to major in business. Amongst them, the proportion of Chinese students reached 20%. In the past 5 years, an increasing number of Chinese candidates have used GRE scores to apply to business schools, at a growth rate of 66%.
“Through the strategic cooperation agreement with CEIBS, ETS China will fully utilize its strengths to support the school’s mission to cultivate future leaders with an international vision,” said Miranda Wang, Managing Director of ETS China. “The GRE test has a large number of candidates with diverse backgrounds, which will provide support for CEIBS to recruit applicants with the diversity and competencies required by business schools. Additionally, based on the cooperation network established by ETS China and global institutions, especially with more than 1,300 business schools, we will further our discussion with CEIBS on trends of business education and talent training to promote business education development in China.”
The first CEIBS GRE Full Scholarship will be open to students who have valid GRE General Test scores and have successfully been admitted to the CEIBS 2025 full-time MBA program (2023 intake). In the future, CEIBS and ETS China will carry out further cooperation in the fields of applicant evaluation, promoting business education development and talent cultivation.
"CEIBS's vision is to integrate education, research and business practices from China and the world, promote the creation and dissemination of knowledge, facilitate China's socioeconomic development, and become the world's most respected international business school,” said Professor Ding Yuan, Vice President and Dean of CEIBS. “The diversity and globalization of talents are crucial for the school’s development. As a subsidiary of the world's largest nonprofit educational assessment and research organization, ETS China and its access to a global community of candidates provide support for CEIBS in identifying qualified applicants. We look forward to contributing to the cultivation of outstanding talents through the cooperation between the two parties."
At ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English-language learning, and elementary, secondary and postsecondary education, and by conducting education research, analysis and policy studies. Founded as a nonprofit in 1947, ETS develops, administers and scores more than 50 million tests annually — including the TOEFL® and TOEIC® tests, the GRE® tests and The Praxis Series® assessments — in more than 180 countries, at over 9,000 locations worldwide. www.ets.org.
About China Europe International Business School (CEIBS)
China Europe International Business School (CEIBS) was co-founded by the Chinese government and European Union (EU) in 1994, as China’s only business school to originate from government-level collaboration. CEIBS is committed to educating responsible leaders versed in ‘China Depth, Global Breadth’ in line with its motto of ‘Conscientiousness, Innovation and Excellence’. Leaders from the Chinese central government and the EU, respectively, have lauded CEIBS as “a cradle of excellent executives” and “a role model of EU-China co-operation”.
Along with the steady pace of China becoming the center of the world economy, with 28 years of hard work and persistent innovation, CEIBS has gradually grown from an introducer and interpreter of Western classical management theory to a creator and dissemination of Chinese management knowledge in the era of globalization. It has not only built a top business school in Asia and a world-class business school, but also built a platform for economic and cultural exchanges between China, Europe and the world.
CEIBS offers MBA, Finance MBA, EMBA, Global EMBA, Hospitality EMBA, DBA (Switzerland), and Executive Education programmes. CEIBS was the first business school on the Chinese mainland to be accredited by both EQUIS and AACSB. CEIBS has placed in the top tier of the FT’s ranking of global MBA programmes for 6 consecutive years and has been ranked in the top 5 on its global EMBA list for 4 consecutive years.