Chinese management schools are thriving

WHEN THE China Europe International Business School (CEIBS) was established in Shanghai’s Pudong district in 1994, its campus abutted mostly nondescript warehouses and tracts of marshy farmland. Today the area is among the city’s ritziest—and gives it its iconic skyline. CEIBS, too, has become something of an icon in the quarter-century since its founding as a joint venture between the European Union and the Chinese government. Last month it held on to its fifth place in the annual ranking of the world’s 100 best MBAs by the Financial Times, a newspaper. Only heavyweights such as Harvard Business School, Wharton, Stanford’s Graduate School of Business and INSEAD of France scored better.