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David Gannaway, a KPMG forensic accounting director, did not choose Fordham University for his executive MBA program until he found out the school offered a trip to China. Gannaway is like many EMBA candidates - a manager in his 40s with several years of experience who is increasingly interested in China, experts told The Wall Street Journal. These professionals envision themselves doing business there and believe understanding China's business climate is critical to advancing their careers. In fact, Arizona's Eller College of Management changed its trip from South Africa to China after students complained. When Fordham students visited China, they toured a BMW vehicle-financing arm located in Beijing. They quickly saw a big difference in how similar businesses operate: In the U.S., it is easy to determine a potential buyer's creditworthiness, but in China, there are no credit bureaus and no repossessions. Executive MBA programs have long featured trips as a way to widen u...

By Siddharth Srivastava NEW DELHI - Stung by criticism that the lack of higher learning institutions is contributing to an acute shortage of skilled manpower, the Indian government has taken out its red marker and set out to correct its once-renowned education system. New Delhi is looking to start nine new Indian Institutes of Technologies (IITs) this year, to add to the existing seven. Eight new IITs, regarded as among the top schools in the world, are proposed for Rajasthan, Bihar, Andhra Pradesh, Himachal Pradesh, Orissa, Madhya Pradesh, Gujarat and Punjab provinces. Additionally, Benaras Hindu University will be converted into a full-fledged IIT. The IITs and the Indian Institutes of Management (IIMs), which are also to be expanded, are the two pedestals of the Indian education system, with alumni now employed as managers and engineers around the world. The IIMs and IITs function under a government charter and figure among lists of the world's 100 best management and technolog...