Korea Advanced Institute of Science and Technology (KAIST) Graduate School of finance signed a dual degree program contract with the University of Rochester and London Business School. Starting from the entering class of 2009, the dual degree program will allow students of the Graduate School of finance to attend ten lectures in a foreign university and receive degrees from both institutes.
After the dual degree program is applied, in the case of the University of Rochester, KAIST students will finish three terms at KAIST Graduate School of Business. Then the students will spend the last eight months in the University of Rochester. This opportunity will be given to roughly 20 students out of 100 entering students.
KAIST MBA School was built in 1995 and has been operated as the Graduate School of Business Administration for ten years. Then, it was developed into two major departments: the Graduate School of finance and the Graduate School of information and media. After the division, they have chosen the dual degree program as the strategy for building up the capability of the Graduate School of Business.
The dual degree program of KAIST has a unique feature that other MBA Schools do not have. Once a student is selected by KAIST to participate in the dual degree program, the student will be able to study in the foreign university even if he or she had been rejected from it. This is an important characteristic that differentiates KAIST from other MBA Schools where students need to have approvals from both universities.
As well as the Graduate School of finance, the Graduate School of information and media is currently working on signing a dual degree program contract with Marshall University. Once a contract on Memorandum of Understanding is signed, students will be able to receive MBA degrees from both KAIST and Marshall University.
The University of Rochester is a MBA School specializing in finance, which in 2007, was ranked 5th in financial affairs and accounting according to Financial Times. Currently, 14 KAIST students are enrolled in a dual degree program for MBA in the university.
By KAIST Herald on November 2007