The Chinese modern economy originated in 1980's. The gigantic unsatisfied demand created huge need for the economic and managerial undergraduate students. At the beginning of 1990's, the first generation of domestic MBAs were produced from top Chinese business schools. Those graduates were happy few.
The high salary attracts more and more top talents with other background to business world.
The return of investment is really high. No one doubts the fact. It is the truth, at least temporarily.
However, the competitive edge is embedded in innovation and execution. The national power derives from scientific and engineering talents (investment finance is more likely to be an engineering and mathematical branch now). They create REAL value in national life.
On the other hand, business talents are good at resource allocation. However, the skill is very easy to duplicate within a short term. Actually, it is a piece of cake for those STEM (Science, Technology, Engineering, and Mathematics) graduates. That's why MNCs love applicators with quantitative background. With little upgrading expenditure, the latter is able to take responsibility of the former.
However, the cost of reversing is prohibitive.
So, in the long run, Chinese STEM students will regain its advantage position in HR market.
It's hard to imagine U.S.'s dominant position without its unparalleled STEM advantages.
Those talents also enjoy the unparalleled compensation in U.S.
How long is it going to be effective in China?
I honestly don't know. It depends on national policy, national strategy and competitive priority.
It is a famous saying that "rare resource deserves rare payback".
Of course, in the long run, please.
Aren't we in an economic forum?
Thank you for your patience.