Chung-ang University Business School (CBS) is the undergraduate and graduate business school of Chung-ang University, in Seoul, South Korea. Established in 1955, CBS was recorded as the first undergraduate business school founded in South Korea. Currently, the school offers a wide range of academic programs and courses while pursuing its vision to be a world-class business school. CBS sets its educational direction on producing globally-minded businessmen equipped with the practical knowledge of effective communication skills and full awareness of their social responsibility to become future leaders.
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History
Chung-Ang University Business School first started out as the Division of Commerce in 1948 when Chung-Ang University was founded. In 1995, the school renamed the Division of Commerce as The College of Business Administration, and it marked the official start of CBS, the very first business college in Korea. CBS was ranked 5th in overall evaluation of business, trade, and accounting related departments by Korean Council for University Education in 1995. The organization structure of CBS has been evolving along with the progress of social requirements for the higher business education. The current system of CBS was formed in 2006, when the Graduate School of Business offering MBA and various executive programs was established. The college now offers both undergraduate and graduate study programs specifically tailored to today's changing business environment. Its courses are designed to equip students with practical as well as theoretical knowledge to help them cope with the numerous problems arising in today's industrial organizations that are far more complicated, specialized, and demanding than those of previous time.
Vision
Chung-Ang University Business School strives to become a world-class business school. Such vision is supported by three relevant missions.
Mission
The mission of Chung-Ang University Business School is to educate and nurture global leaders with sound intellectual foundation and social responsibility. CBS’s goal is to make students contribute to the development of knowledge in the area of business, and to engage business and community organizations.
Excellence in Teaching and Research
Excellence in teaching and research is one of the most crucial factors that no university can dispense with. Maintaining strong research capabilities and having first-class faculty is the top priority of CBS.
Innovative leadership
As decentralization becomes a worldwide trend in business organizations, the importance of leadership is ever growing in current business environment. Not only team leaders, but also every single person who consist a team is now required to make decisions and lead other people. Therefore, CBS aims to equip students with innovative leadership and successful decision-making skills and offers specifically designed courses.
Global competences
Accelerating globalization has made current business environment more global than ever before, meaning that the territorial boundaries between firms and markets have been demolished. Thus, it is significantly important for students to understand foreign business cultures and to have an ability to communicate with global partners. CBS put much emphasis on fostering students with international perspective by providing numerous lectures in English, promoting exchange student and foreign internship programs and so forth.
Social responsibility
The courses of CBS continuously educate students to respect the local community and to fulfill their social responsibility.
Undergraduate
The College of Business Administration offers a bachelor's degree in business administration in two main fields which are Business Administration and Global Finance. Students are required to complete at least 132 credit hours typically in 8 semesters to get their degree. Approximately 1,800 students are enrolled at the undergraduate programs currently.
Graduate (Master's Degree and Ph.D.)
Faculty members of The College of Business Administration also maintain high-quality graduate programs. As of the 2004 Spring Semester, there were over 200 students in the business administration master's and Ph.D. program covering the following 5 areas: finance, accounting, international business, MIS, and management strategy and organization. Students are required to complete at least 30 credit hours to finish their master's degree and 60 credit hours to finish their Ph.D. degree. In addition to course work, students are expected to prepare a thesis and successfully defend their work to completely finish the requirements for both the Master's and Ph.D. degree.
MBA Program
The Graduate school of Business, a part of CBS system, offers MBA and non-degree executive programs. The School offers two MBA programs, CAU-Global MBA and CAU-Leader MBA, to train managers with global perspectives and practical skills. The curriculum emphasizes a balance between theory and practice to nurture business leaders who can compete in the global market.
CAU-Global MBA Programs
The objective of CAU-Global MBA program is to train business leaders and managers with global competency. The program consists of three concentrations; CAU-Fudan, CAU-Fudan&Finance, and CAU-Finance.
CAU-Fudan MBA is a dual degree program jointly operated with Fudan University in China. Students spend the first year at Chung-Ang University taking core business courses of 24 credit hours and then move to Fudan University to take various courses in Chinese economy and business. Upon successful completion of study in Korea and China, student will be awarded two master's degrees, MBA from CBS and Master of Science in Economics from Fudan University.
CAU-Fudan&Finance MBA has the same structure as CAU-Fudan MBA except for the fact that students take courses in finance and accounting rather than core business courses at CBS.
Students admitted to CAU-Finance MBA program spend two years at CBS and are required to take at least 45 credits to be awarded MBA degree. They take core business courses in the first year with students in CAU-Fudan MBA program and then study advanced and applied topics in finance area in the second year.
CAU-Leader MBA Program
CAU-Leader MBA is an evening/weekend MBA program offered to part-time students. Students are required to successfully complete at least 45 credits from core and applied courses. CAU-Leader program provides four concentration areas to help students acquire expertise necessary to accomplish career success in each area; Marketing Communication, Media and Entertainment, Financial Information and Asset Management, and General Management.
Student life
Away from their studies, students can learn from each other through close interactions in student organizations (clubs). These groups help build teamwork and communication skills as well as develop leadership potential. Students can pursue academic and non-academic interests through their participation in the student organizations and broaden their personal network. This enriches personal experience and boosts motivation for academic achievements. There are a number of student organizations that students can join on the basis of their interests. Please note that some student organizations select members based on their own requirements.
Student Council
The student council helps share students’ interests, ideas, and concerns, and deal with them. They often also help raise funds for school-wide activities, including social events, community projects, helping people in need. The student council always strives to solve school problems and work on activities to promote school spirit for the whole school to make the school a better place to learn. Members of student council are elected by student election every year.
Clubs
- Business and Philosophy (경영과 철학)
- Kyungwoo Club (경우회)
- Economics Study Club (경제연구회)
- CPA Club (공인회계사반)
- Kisldong (기슬동)
- Nalgae (날개)
- Daslgis (다슬기스)
- International Trade Study Club (무역연구회)
- Vikings (바이킹스)
- Arirang (아리랑)
- Finance Study Club (재무연구회)
- Editorial Board (편집위원회)
- Hamsung (함성)
- Haeryongdang (해룡당)
- Enia (에니아)
- Whistle (휘슬)
- Marketing Club GML
- Sorm (소름)
- CAU Korea Club (코리아클럽)
International exchange program
The Division of International Cooperation (DIC) develops, promotes, and supports international exchange activities of the University by maintaining links with a number of universities and colleges of the world. The activities include mutual cooperation in research, academic conferences, seminars, and the reciprocal exchange of students, and faculty members through exchange programs. The DIC provides a range of year-round services to assist in-country students and faculty members with opportunities for study, teaching, and research abroad through linkages with overseas institutions.
Foreign students can exchange cultures with students from various countries and broaden their perspectives by learning in CAU. Every major provides English courses for students who are not fluent in Korean. The school also offers elective Korean courses in different levels for those who want to learn Korean language and culture. CAU has a student group called ‘Global Ambassador’, also known as GLAM. GLAM helps exchange students settle down in Korea by organizing cultural events solely for exchange students. There is also another club for exchange students’ extracurricular life where Korean students and exchange students can meet and exchange cultures by having activities together.