The Hong Kong University of Science and Technology's (HKUST) School of Business and Management Monday announced that its full-time MBA program has been ranked by the UK's Financial Times at number 17 in the world.

Among this year's Financial Times list for the top 100 MBA programs, seven are from Asia Pacific, while HKUST is the only institute representing Hong Kong. Such a rank has been the highest ever for any Hong Kong run program on the chart.

The HKUST MBA program ranks number 2 in the world for " international faculty" and number 5 in the world for the " international experience" that it provides to students.

Acting Dean of the HKUST Business School Professor Leonard Cheng said, "The Financial Times annual MBA ranking measures the performance of a school and its full-time MBA program in 20 different categories.

I am delighted that the result of this comprehensive survey reflects the quality of the School and our MBA program and reaffirms our leading position in management education."

(Xinhua News Agency January 29, 2008)