"As reflected in the latest FT rankings, 84 percent of the participants in the HKUST full-time MBA program are international students and it is one of the most international programs in the world in terms of student diversity, " he said.

CNN: Asian schools scale new heights

Northwestern University's Kellogg School of Management, for example, tops the latest full-time MBA rankings of BusinessWeek and the EIU, and heads the FT's executive education open programs.

CNN: U.S. names dominate B-school lists