In December 2004 the British Chancellor of the Exchequer announced that graduates from the world's top 50 business schools would automatically be eligible to work in the United Kingdom for up to 12 months upon completion of their MBA degree, making it unnecessary for graduates to apply for a work permit.This announcement the refore makes the Shanghai-based China Europe Internadonal Business School (CEIBS) the only business school in Asia to be granted such an entitlement.
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