Transcript Supply and Demand of Phd Graduates in HK, Singapore

Supply and Demand of Phd
Graduates
in HK, Singapore, Taiwan and Mainland China
TJ Wong
The Chinese University of HK
AAA 2007
Background
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Emergence of around 10-15 top researchbased business schools in Asia
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HK, Singapore, S. Korea, Mainland China
and Taiwan
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Hiring from top research schools in US
programs
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Require top US journal publications for tenure
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US-style Phd training
Mainland China
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Top programs hire from the US - Berkeley, Stanford, CMU
etc
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5-6 programs hire from US and HK, aspire to publish in A
and B list US journals
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Many other research schools are starting to engage in USstyle empirical research
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Successful research collaborations with HK and overseas
professors
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Example: China Accounting Review Annual Conference
with over 100 paper presentations
Survey
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Conducted in July 2007 by CAPANA
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Survey top research schools w/ Phd
programs
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HK: 7; Singapore: 2; Taiwan: 4; Mainland
China: 6 (response rate 50% to 100%)
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Coordinators: Prof. Charles Chen (City U
of HK); Prof. Rong-ruey Duh (NTU of
Taiwan) and Prof. Xinyuan Chen (SUFE of
China)
Highlights
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Excess supply of local Phds
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Most serious in mainland China: 184 vs. 58
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Singapore, excess demand: 8 vs. 11
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Excess supply serious in financial
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Excess demand for overseas graduates,
especially US
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Excess demand especially in fields of IS and Tax
Demand and Supply for 2008-2011
HK
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Local supply & demand
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Excess supply: 37 vs. 30
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Excess demand in cost, tax, IS
Demand and Supply for 2008-2011
Singapore
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Local supply & demand
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Excess demand: 11 vs. 8
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Excess supply only in financial
Demand and Supply for 2008-2011
Taiwan
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Local supply & demand
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Big excess supply: 55 vs. 14
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Excess demand: IS and tax
Demand and Supply for 2008-11
Mainland China
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Just local supply & demand
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Huge excess supply: 126
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Mainly in financial
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Excess demand in IS, tax, multi
Demand for Overseas Talents for 2008-11
HK
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Local supply: 37
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Demand for local supply : 7
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Demand for US: 19
Demand for Overseas Talents for 2008-11
Singapore
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Local supply: 8
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Excess local supply: 8 vs. 1
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Demand for US: 7
Demand for Overseas Talents 2008-11
Taiwan
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Local supply: 55
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Demand for local supply: 4
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Demand for US supply: 8
Demand for Overseas Talents for 2008-11
Mainland China
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Local supply & demand
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Excess local supply: 184 vs. 29
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Demand for US: 18
What should we do?
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Improve quality of local programs
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Some consolidation in programs, eps
mainland China
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Create local markets or regional markets
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More collaboration among top programs in
Asia - high level doctoral consortium
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Raise salaries and research culture to attract
overseas talents