The W. P. Carey School of Business at Arizona State University draws over 40% of its class from Asia. Carey also partnered with the Chinese government in 2003 to create an executive MBA program in Shanghai. With a small class size, Carey is able to focus on personal development. During students’ first term on campus, they are required to write an Individual Development Plan, which is a plan to develop qualities as a leader. It is referred to throughout the first and second year and during summer internship for updates and analysis. Carey’s star professor is Edward Prescott, the 2004 Nobel Prize winner in economics.