UNIVERSITY OF CHICAGO GRADUATE SCHOOL OF BUSINESS TO ESTABLISH A PERMANENT CAMPUS IN SINGAPORE SINGAPORE, Jan. 25 /PRNewswire/AsiaNet/ -- The University of ChicagoGraduate School of Business announced today (Monday, January 25) that it willestablish a permanent campus in Singapore to teach an Asian internationalexecutive M.B.A. program. The campus will be the first in Asia by a leadingU.S. business school. Classes will begin in the fall of 2000 and will be taught by the samefaculty who teach at the school's Chicago and Barcelona campuses. Noted for its world renowned professors, the University of Chicago has arecord 70 scholars who have received the Nobel Prize. The university'sGraduate School of Business was the first business school in the world to havea Nobel laureate on its faculty. Its M.B.A. graduates are highly sought afterin the job market, with median first year total compensation totaling $125,000for members of the Class of 1998. The program in Singapore will be taught in 16 one-week modules spread over19 months to allow business executives to continue working full time andtravel from throughout the Asia-Pacific region to attend classes. "This represents the first time a business school will offer a globallyintegrated executive M.B.A. program on three continents taught entirely by itsregular faculty at permanent campus locations," said Robert S. Hamada, dean ofthe Graduate School of Business. The new program in Asia will provide participants with "a truly globalimmersion in the fundamentals of business," Hamada said. The announcement was made at a news conference here featuring Hamada andseveral major supporters of the project including Cheng Wai-Keung, chairmanand managing director of Wing Tai Holdings Ltd., based in Singapore; John S.Wadsworth, Jr., chairman of the W.L.S. Spencer Foundation and Bette SueWadsworth, foundation president. Cheng and John Wadsworth are both alumni ofthe Graduate School of Business. "This is not just another business school," said John Wadsworth, who alsois chairman of Morgan Stanley Asia Limited. "This is one of the world'sleading graduate business schools whose faculty have had a major impact oncreating present day global capital markets." The W.L.S. Spencer Foundation has agreed to help fund the cost ofoutfitting classrooms at the new campus. Additional startup funding is beingprovided by the Singapore Economic Development Board. Chicago's new program in Singapore will target the same type of middle andupper level business executives as the school's executive M.B.A. programs inNorth America and Europe. Unlike regular M.B.A. programs, executive M.B.A. programs are geared towardseasoned business executives with at least 10 years of work experience. The University of Chicago Graduate School of Business is consistently ratedamong the finest business schools in the world, according to surveys ofcorporate executives, alumni and deans. Current enrollment includes 1,250full-time and 1,750 part-time M.B.A. students and 120 Ph.D. students. SOURCE : The University of Chicago Graduate School of Business CONTACT: Barbara Backe, 773-702-4282 or home, 708-418-5513, Pam Livingston,773-834-1984 or home, 773-883-7268, or Debra Hale, 773-702-7589 or home, 773-745-9675, all of The University of Chicago Graduate School of Business