Supply and Demand of Phd Graduates

in HK, Singapore, Taiwan and Mainland China

TJ WongThe Chinese University of HK

AAA 2007

Background• Emergence of around 10-15 top

research-based business schools in Asia

• HK, Singapore, S. Korea, Mainland China and Taiwan

• Hiring from top research schools in US programs

• Require top US journal publications for tenure

• US-style Phd training

Mainland China

• Top programs hire from the US - Berkeley, Stanford, CMU etc

• 5-6 programs hire from US and HK, aspire to publish in A and B list US journals

• Many other research schools are starting to engage in US-style empirical research

• Successful research collaborations with HK and overseas professors

• Example: China Accounting Review Annual Conference with over 100 paper presentations

Survey• Conducted in July 2007 by CAPANA

• Survey top research schools w/ Phd programs

• HK: 7; Singapore: 2; Taiwan: 4; Mainland China: 6 (response rate 50% to 100%)

• Coordinators: Prof. Charles Chen (City U of HK); Prof. Rong-ruey Duh (NTU of Taiwan) and Prof. Xinyuan Chen (SUFE of China)

Highlights• Excess supply of local Phds

• Most serious in mainland China: 184 vs. 58

• Singapore, excess demand: 8 vs. 11

• Excess supply serious in financial

• Excess demand for overseas graduates, especially US

• Excess demand especially in fields of IS and Tax

Demand and Supply for 2008-2011HK

• Local supply & demand

• Excess supply: 37 vs. 30

• Excess demand in cost, tax, IS

Demand and Supply for 2008-2011

Singapore

• Local supply & demand

• Excess demand: 11 vs. 8

• Excess supply only in financial

Demand and Supply for 2008-2011Taiwan

• Local supply & demand

• Big excess supply: 55 vs. 14

• Excess demand: IS and tax

Demand and Supply for 2008-11Mainland China

• Just local supply & demand

• Huge excess supply: 126

• Mainly in financial

• Excess demand in IS, tax, multi

Demand for Overseas Talents for 2008-11HK

• Local supply: 37

• Demand for local supply : 7

• Demand for US: 19

Demand for Overseas Talents for 2008-11Singapore

• Local supply: 8

• Excess local supply: 8 vs. 1

• Demand for US: 7

Demand for Overseas Talents 2008-11

Taiwan

• Local supply: 55

• Demand for local supply: 4

• Demand for US supply: 8

Demand for Overseas Talents for 2008-11Mainland China

• Local supply & demand

• Excess local supply: 184 vs. 29

• Demand for US: 18

What should we do?• Improve quality of local programs

• Some consolidation in programs, eps mainland China

• Create local markets or regional markets

• More collaboration among top programs in Asia - high level doctoral consortium

• Raise salaries and research culture to attract overseas talents