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