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Hong Kong employees and adult inexperienced persons appear desirous of acquiring an MBA degree from an distant places college (Lee & Lam, 1994). They decide upon element-time studies in an effort to attend lessons after paintings. “Unlike postgraduate MBA part time hong kong students in most different nations . . . Hong Kong human beings are keen to have a look at to equip themselves for promoting and profession development – however they do not want to go away their jobs and smash chances of promotion and solid incomes,” in step with Leung, a spokesman for the Hong Kong Management Association (Kerr, 1995).
The boom in part-time MBA applications provided in Hong Kong by using foreign places instructional institutions began within the late Eighties. Practically all of these programs use the distance studying mode that includes one or a mixture of the subsequent three options: (1) the establishments may additionally ship instructions and assessment materials to students by using mail. The students may additionally observe those materials and correspond with teachers via electronic communication; (2) the institutions employ nearby teachers in Hong Kong to offer lectures and tutorials in addition to to correct assignments; and (three) the establishments send their personal instructors to Hong Kong for two or three weeks to supply in depth lectures and tutorials.
In 1993, there had been greater than 50 MBA applications in Hong Kong, along with complete-time and part-time packages. Some foreign places universities had additionally entered into joint ventures with nearby establishments to make their applications extra appealing (Lee & Lam, 1994).
To efficiently marketplace their MBA programs in Hong Kong, a few universities have performed surveys to find out what pupil purchasers want in a element-time application. However, genuinely no look at has been achieved to pick out the choice criteria utilized by Hong Kong complete-time employees when deciding on a part-time MBA application. The motive of this have a look at became to discover (1) the motives why complete-time personnel in Hong Kong pursue a MBA diploma; (2) the statistics sources and standards that these potential applicants use to choose a MBA application; and (3) the viable hyperlinks amongst diverse history characteristics of the respondents of their reasons for pursuing the MBA degree, and the criteria they use in deciding on a appropriate program.
Collection of Data
The sample populace have been complete-time employees who had received or had been able to collect an appropriate qualifications and working experience to look at for a MBA diploma. One thousand questionnaires had been sent to potential respondents through three professional our bodies in Hong Kong, but most effective responses from folks who (1) did now not possess a MBA degree, (2) held an undergraduate diploma or equivalent qualifications, and (3) had as a minimum years of work revel in have been used for similarly analysis.
The questionnaire had four elements. The first addressed the wished personal data regarding the respondents. The questions inside the subsequent three sections have been supplied in the shape of a five-point Likert scale and were requested in alphabetical order. The 2nd section asked the respondents to offer their reasons for pursuing a MBA software. The 8 gadgets in this section have been followed from the work of Luker, Bowers, and Powers (1989) and MacErlean (1993). /These eight gadgets describe diverse statistics sources used by college students in selecting a MBA program.) The ultimate segment had 17 questions requiring respondents to file their choice on a five-point scale concerning standards utilized in deciding on a MBA software. Questions utilized in those remaining two sections had been taken from a previous comparable study (Panitz, 1955; Parker et al., 1989; Powers, 1988; Richardson & Stacey, 1993; Sekely & Yates, 1991; Webb & Allen, 1994).
Results
* Respondents Profile
A general of 262 responses have been observed to be appropriate for in addition analysis, representing a reaction charge of 26.2%. Of those, 137 have been from women and one hundred twenty five from males. The majority of respondents (sixty four%) were above 27 years of age and approximately one-5th (20.Five%) have been among 24 and 27 years of age. Just over 7% of the respondents had a grasp’s degree and almost 1/2 (forty four.4%) were first degree holders. Over 33% of the respondents worked at the supervisory level, 23.Five% on the professional degree, and 27.Three% had been on the managerial stage. In terms of labor experience, 39.6% had greater than 10 years, 28% had between six and 10 years, and 24.6% had 3 to six years. A big percentage of the respondents (sixty one.8%) earned an annual profits of HK $a hundred and twenty,000 to $239,999; 27.8% earned among $240,000 and $359,999; and approximately 10.2% earned much less than $one hundred twenty,000.
* Reasons for Pursuing a MBA Degree
Respondents have been requested to charge eight reasons for pursuing an MBA. As shown in Table 1, the maximum vital motives had been to remain aggressive inside the activity marketplace and to attain long-time period career targets, with means of 4.18 and 4.17, respectively. These two motives were closely accompanied by means of non-public satisfaction and promotional possibility, with way of four.02 and three.95, respectively.