Applications from China to the university's Fisher College of Business jumped 30% between the 2010 and 2011 recruiting seasons.

WSJ: Chinese Flock to the GMAT

Although it will start in the Fisher College of Business, IBM and OSU are developing curricula for engineering and arts and sciences.

FORBES: IBM And Ohio State University Get Analytical

"As the (US) economy continues to improve, so does MBA recruiting, " said Jeff Rice, head of career services at Ohio State's Fisher College of Business and president of the MBA CSC.

CNN: More jobs, more money for 2006 MBAs