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History & Milestones

Which business school has history on its side - and the future in its sight?

NUS Business School, one of the leading centres of business education in Asia-Pacific, has come a long way in a short time. The area of business administration as a proper academic field was first taught at the then University of Singapore in 1961. Back then, Business Administration was just a subject in the Department of Economics.

Four years later, in 1965, the Department of Business Administration was set up to meet the growing needs of a formal business education in Singapore. The Department began with a full-time staff strength of four. It quickly grew in size and scope. In 1969, it was merged with the Department of Accountancy, and the School of Accountancy and Business Administration was formed.

In 1980, another major reorganisation took place, when the University of Singapore and Nanyang University merged. With the merger of the two universities, the School became known as the Faculty of Accountancy and Business Administration. The Faculty comprised the Department of Accountancy as well as the Department of Business Administration. In 1983, the Faculty was restructured again, and the School of Accountancy and the School of Management were formed. Four years later, in 1987, the School of Accountancy was moved to the then Nanyang Technological Institute. Following this move, the Faculty's name was shortened to become the Faculty of Business Administration.

NUS Business School, as we are called today, was established in 2002. The school now has about 140 full-time faculty members with a student population of about 2,900, both undergraduates and post-graduates. Riding on its rich history and appeal to so many bright and talented students, NUS Business School is poised for a new take off. 

 

1960s
  • 1961
    Staff from the University of British Columbia seconded to the sub-department of Business Administration, Department of Economics.

    Business administration introduced as a course in the Department of Economics at the University of Singapore. 

  • 1965
    Set up of the Department of Business Administration, under the Faculty of Arts and Social Sciences, led by Acting Head Professor A H Zecha.

  • 1966
    Enrolment of first cohort of 24 students.

    Set up of University of Singapore Business Administration Society.

  • 1969
    Formation of School of Accountancy and Business Administration with the merger of the Department of Business Administration of the then Singapore University and the Department of Accountancy of the Singapore Polytechnic.
1970s
  • 1972
    Graduation of first batch of 26 students in the Diploma of Business Administration programme.

  • 1978
    Implementation of joint-campus scheme between the Nanyang University and the University of Singapore.

  • 1978 - 1980
    Relocation from Bukit Timah to Kent Ridge campus.
1980s
  • 1980
    Set up of the Faculty of Accountancy and Business Administration at the newly established National University of Singapore. The Faculty comprises the Department of Accountacy and Department of Business Administration.

    Launch of part-time MBA programme.

  • 1982
    Launch of Modern Management (Mandarin) Programme.

  • 1983
    Reorganisation of Faculty of Accountancy and Business Administration into School of Accountancy and School of Management.

    Launch of Stanford-NUS executive programmes in Asia.

    Formation of MBA Club.

  • 1985
    Formation of MBA Alumni.

  • 1987
    School of Accountancy moves to newly-formed Nanyang Technological Institute.

    Faculty's name shortened to the Faculty of Business Administration.

1990s
  • 1992
    Launch of Modern Management Programme (Mandarin) Alumni.

  • 1993
    Introduction of a first hybrid modular system by Faculty of Business Administration.

  • 1994
    Launch of a Mandarin MBA Course with Tsinghua University.

  • 1997
    Launch of Asia-Pacific Executive MBA (APEX-MBA) in both English and Chinese.

  • 1999
    Faculty of Business Administration ranked the top MBA school in Asia by Asia Inc magazine.

2000s
  • 2000
    Formation of NUS Business School Alumni Association.
    Set up of Centre for e-Business.

  • 2001
    Launch of International MBA (IMBA) programme, a double degree program in collaboration with Peking University.

    NUS MBA programme ranked among Top 100 MBA Programmes globally by Financial Times.

  • 2002
    Faculty of Business Administration renamed School of Business.

    School ranked among Top 100 Business Schools globally by Economist Intelligence Unit.

    Launch of Corporate Governance and Financial Reporting Centre.

  • 2003
    Accredited by AACSB (Association to Advance Collegiate Schools of Business) International.

    Launch of NUS-UCLA Executive MBA programme, a double degree programme in collaboration with UCLA Anderson School of Management.

    School goes on air with television commercial on CNBC (followed by spots on CNN and Channel News Asia in 2004).

  • 2004
    Launch of Saw Centre for Financial Studies.

    Launch of MBA with Specialisation in Real Estate with School of Design and Environment.

    Launch of Business School Overseas Alumni Chapter in Beijing.

  • 2005
    School celebrates 40th Anniversary.

    Launch MBA with Specialisation in Healthcare Management with Faculty of Medicine.

    Launch of MSc(Management) for all NUS undergraduates and a double honours degree programme with NUS Faculty of Law.

    NUS APEX MBA ranked among Top 30 (No. 30) Executive MBA Programmes globally by Financial Times.

  • 2006
    The NUS MBA ranked among Top 100 MBA Programmes (No. 92) globally by Financial Times, including No. 5 in International Mobility and No. 12 in International Experience rankings.

    The NUS MBA ranked among Top 100 MBA Programmes (No. 99) globally by Economist Intelligence Unit.

    Faculty research ranked among Top 100 Business Schools by University of Texas at Dallas (No. 51 globally and No. 4 globally outside of North America).

    The NUS APEX MBA ranked among Top 30 Executive MBA Programmes (No. 29) globally by Financial Times.

    Ranked No. 1 in Asia-Pacific most favored by global recruiters by QS Top MBA.

  • 2007
    The NUS MBA ranked among Top 100 MBA Programmes (No. 81) globally by Financial Times, including No. 2 in International Mobility and No. 12 in International Experience rankings.

    Launch of Commencement Class Giving programme.

    Launch of Building Excellence Campaign.

    School received a $21 million gift from the Lippo Group and the Riady family.

    Groundbreaking Ceremony of the Mochtar Riady Building.

    Ranked No. 1 in Asia-Pacific most favored by global recruiters by QS Top MBA.

  • 2008
    The NUS MBA ranked 89th globally, 9th in Asia by Economist Intelligence Unit 'Which MBA?' Rankings (one of the only two Business Schools in Asia to have moved up in rankings).

    First Asian School to be a full member of CEMS (The Global Alliance in Management Education). 

    Ranked 2nd in Asia and 88th globally by Aspen Institute for 'Beyond Grey Pinstripes' Rankings for 2007-2008. 

    Faculty research ranked among Top 100 Business Schools by University of Texas at Dallas (No. 47 globally and No. 4 outside of North America). 

    Ranked among top 3 Business Schools in the Far Eastern Asia region by Eduniversal. 

    Official opening of the S3 Asia MBA programme, a double degree MBA programme jointly established by Fudan University, Korea University and NUS Business School. 

    Appointment of Prof Bernard Yeung as the new dean of NUS Business School starting from 1 Jun 2008.

  • 2009
    The NUS EMBA ranked 11th globally in the Financial Times EMBA 2009 Rankings, the highest ranking ever achieved by any Singapore MBA programme in global MBA rankings.

    The NUS MBA ranked 35th globally (5th in Asia Pacific) in the Financial Times MBA 2009 Rankings, including 11th globally in International Experience and 1st in Singapore in Career Progression and Placement Success.

    Ranked 1st in Asia-Pacific most favored by global recruiters by QS Top MBA.

    NUS business graduates are the most desired by employers, securing the highest full-time permanent employment rate, according to the 2008 Graduate Employment Survey data released by the Ministry of Education. 

    The NUS MBA ranked 89th globally, including top 20 in the School's education experience and salary increase post-graduation by Economist Intelligence Unit (EIU).

    Rated 1st among all Business Schools in Asia in Eduniversal 2009 Rankings.

    Received the renowned European Quality Improvement System (EQUIS) accreditation.

    Launch of Asia Centre for Social Entrepreneurship and Philanthropy.

    Appointment of new management advisory board, comprising prominent business leaders, corporate chiefs and alumni.

  • 2010
    Launch of Centre for Asset Management Research and Investments.
    NUS Business School’s 45th Anniversary Celebrations - Grand Opening of the Mochtar Riady Building named after Dr Mochtar Riady, Lippo Group’s Founder and Chairman, in recognition of its generous gift to the School.

    Cited as ‘the topmost business school in Asia’; named one of the best 300 business schools worldwide, according to The Princeton Review.

    Launch of Asia's first PhD-MBA programme.

    Faculty research ranked among Top 100 Business Schools by University of Texas at Dallas (No. 48 globally and No. 2 in Asia).

    The NUS EMBA ranked 27th worldwide in the Financial Times EMBA 2010 Rankings.

  • 2011
    The NUS MBA ranked 23rd worldwide in the Financial Times MBA 2011 Rankings.

    Launch of Centre for Strategic Leadership.  

    Launch of Centre for Governance, Institutions and Organisations. 

    Quacquarelli Symonds (QS) list ranked NUS Business School first in Asia and 15th in the world for accounting and finance. 

    Ranked top school in Singapore and Asia, and fourth among business schools outside the United States, in Forbes rankings for two-year MBA programmes. This is the first time a Singapore business school has made the list.  

    The University of California, Los Angeles (UCLA) - NUS Executive MBA ranked 9th worldwide in the Financial Times EMBA 2011 Rankings, the first time the programme is included in the list.

    The NUS Asia-Pacific Executive (APEX) MBA ranked 19th worldwide in the Financial Times EMBA 2011 Rankings, as among the top 5 in Asia. The APEX MBA, offered in English and Chinese, topped the 'International Students' category for three consecutive years.

    Named 'Best Business School in Far East Asia' in Eduniversal 2011 Rankings.

  • 2012
    Ranked top university in Asia, and 8th in the world, in the 2012 QS World University Rankings by Subject (Accounting & Finance). Ranked 3rd in Asia-Pacific in the 2012 QS Global 200 Business Schools Report.

     

    The Princeton Review places NUS Business School among world's best in "The Best 294 Business Schools: 2012 Edition"

     

    The NUS MBA ranked 23rd worldwide in the Financial Times MBA 2012 Rankings.

     

    NUS Business School ranked 42nd in 2012 University of Texas at Dallas (UTD) Top 100 World Rankings of Business Schools based on Research Contribution from 2007-2011.

    NUS Business School debuts in Financial Times Executive Education rankings at 64th in the open enrolment category, and 67th in the customised programme category.