{"id":47532,"date":"2019-11-11T05:38:28","date_gmt":"2019-11-11T12:38:28","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/2019\/11\/should-you-do-your-mba-abroad\/"},"modified":"2019-11-11T05:38:28","modified_gmt":"2019-11-11T12:38:28","slug":"should-you-do-your-mba-abroad","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/should-you-do-your-mba-abroad\/","title":{"rendered":"Should you do your MBA abroad?"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/admissionado.com\/wp-content\/uploads\/2019\/11\/MBA-Studying-Abroad-Admissionado.jpg\" alt=\"MBA Studying Abroad | Admissionado\" class=\"wp-image-24617\" \/><\/figure>\n<p>First, let\u2019s define \u201cabroad.\u201d If you\u2019re an American reading this, \u2018abroad\u2019 most likely means a top school in the UK or mainland Europe, or perhaps an Asian expansion of a U.S. school such as <a rel=\"noreferrer noopener\" aria-label=\"CEIBS in China (opens in a new tab)\" href=\"https:\/\/www.ceibs.edu\" target=\"_blank\">CEIBS in China<\/a> or <a rel=\"noreferrer noopener\" aria-label=\"INSEAD\u2019s Singapore campus (opens in a new tab)\" href=\"https:\/\/www.insead.edu\/campuses\/asia\" target=\"_blank\">INSEAD\u2019s Singapore campus<\/a>. <\/p>\n<p>If you\u2019re from Asia or Europe however, that usually means studying in the U.S., the UK, or increasingly, Canada and Australia. In this post, we\u2019ll take a look at two of these scenarios: Americans studying in Europe, and international students studying in the U.S.\u00a0 Spoiler alert: there are advantages to an international MBA, no matter your starting point.<\/p>\n<h2>Should Americans seek their MBAs abroad?<\/h2>\n<p>The United States is known for its plethora of top MBA programs, so seeking to study abroad isn\u2019t always the first thing on American candidates\u2019 minds. However, there are several advantages to studying in the EU or UK, particularly for those seeking to live and work in Europe post-graduation. Notably: <\/p>\n<ul>\n<li>European firms seek to hire candidates with Europeans MBAs.\u00a0<\/li>\n<li><a rel=\"noreferrer noopener\" aria-label=\"Germany is the largest economy in Europe (opens in a new tab)\" href=\"https:\/\/www.thebalance.com\/germany-s-economy-3306346\" target=\"_blank\">Germany is the largest economy in Europe<\/a> and fourth-largest in the world \u2013 there are incredible opportunities there, and a European MBA will help you make the connections you need to kick start your career there.<\/li>\n<li>Top European programs are recognized worldwide \u2013 yes, even in the US!<\/li>\n<li><a href=\"https:\/\/e-gmat.com\/blogs\/working-after-mba-in-europe-canada-australia-visa-and-immigration\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"After completing your MBA (opens in a new tab)\">After completing your MBA<\/a>, you are allowed to stay in the EU for 18 months, and if you land a full-time job, you\u2019ll receive permanent residency within 3 years.<\/li>\n<li>European salaries are competitive.<\/li>\n<li>Cost of living can be lower than in major US cities, depending on the country.<\/li>\n<\/ul>\n<p>These are attractive benefits for <em>everyone<\/em>, not just Americans, but MBA enrolment numbers highlight how U.S. citizens are starting to look past their own borders, with top European schools being a prime destination. Further, even overseas MBA programs beyond the top schools are growing in popularity, since studying abroad provides international experience, which is attractive to many employers in an increasingly globalized economy. There\u2019s no substitute for international business experience, and that competitive edge can make a big difference in certain industries. Additionally, there are a number of ways in which European programs are qualitatively different.<\/p>\n<p>First, international business experience is much more emphasized in European MBA program. There are 28 countries in the European Union &#8211; 27 if the UK finally leaves, but Brexit won\u2019t remove The United Kingdom from the map. That means 28 different business cultures, and European programs reflect that. Students in European MBA programs thus learn how to approach cross-cultural and linguistic differences in business, first hand and continuously. It\u2019s also typically a more international student body with upwards of 90% international students at top UK programs. <\/p>\n<p>Depending on where you attend school, your peers and faculty may be as unfamiliar with your new country as you are! You\u2019ll gain a global network by learning with and from people coming from differing spheres of expertise, and working side-by-side with people from other business cultures. You\u2019ll also benefit within the program as an American student, as European schools will value YOU for YOUR diversity \u2013 some schools may even seek American students for their programs.\u00a0<\/p>\n<p>Finally, if finances are a concern, a European MBA might be an attractive option, as tuition and fees are significantly lower than in the US. This of course, depends on your school of choice, as well as your travel and lodging costs, but on average, you\u2019ll accrue less debt from a European program. Some of the savings come from the fact that many MBA programs in Europe are 18 months rather than 24 or more. That\u2019s less tuition but also 6 months less rent and living expenses\u2014and you\u2019ll re-enter the job market on an accelerated schedule. Better yet, if you can prove ancestral links with certain countries, you could be eligible for discounted tuition and scholarships there!<\/p>\n<h2>Disadvantages of studying in Europe<\/h2>\n<p>As far as disadvantages go, there are a few to consider: you\u2019ll be away from home for a year or more at a time, which can be an issue for those seeking to be near their families. Furthermore, while European MBAs can be money-savers, some of the top programs will hit you with the same sticker shock as MBA programs in the U.S. And if you want to come back to the U.S., there some domestic industries where a European MBA is unlikely to be recognized. Do your research! Ultimately however, pursuing your MBA abroad is an option worth considering.<\/p>\n<h2>Should international students pursue their MBAs in the U.S.?<\/h2>\n<p>Non-American students seeking to study in the U.S. have a whole different set of criteria to consider, many of which differ depending on your country of origin. There are, however, indisputable and universal benefits, including networking opportunities in the world\u2019s largest economy, generally high school quality and more.<\/p>\n<p>First, it goes without saying that the United States has the world\u2019s most prestigious MBA brans, with only a select handful of international options rivaling giants like Harvard, Stanford and Wharton. Simply put, the quality of top American business schools is recognized worldwide \u2013 and the proof is in the rankings and post-graduation hiring statistics. For instance, the <a rel=\"noreferrer noopener\" aria-label=\"QS Global MBA Rankings for 2018  (opens in a new tab)\" href=\"https:\/\/www.topmba.com\/mba-rankings\/global\/2018\" target=\"_blank\">QS Global MBA Rankings for 2018 <\/a>ranked Harvard Business School as the best in the world. Further, of the top 25 ranked MBA programs, 13 were American business schools. <a href=\"https:\/\/www.usnews.com\/best-graduate-schools\/top-business-schools\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"US World News\u2019 rankings (opens in a new tab)\">US World News\u2019 rankings<\/a> focus entirely on US programs, but also offer a plethora of information attesting to the quality of American business education. <\/p>\n<h3>Salary boost and career prospects<\/h3>\n<p>To put it plainly, if you\u2019re considering an MBA at a top school, you have to consider the United States of America. There simply aren\u2019t enough top B-schools outside the U.S. to create a large enough pool of target schools. This only becomes more obvious when looking at employment rates upon graduation, salary levels and return on investment for graduates. Notably, the average post-graduation MBA salary levels are USD $98K in the United States. That\u2019s AVERAGE, not the high end, and easily trumps almost anywhere else in the world.<\/p>\n<p>Further, if you\u2019re seeking to work and live in the U.S. post-graduation, an American MBA is almost a prerequisite. Top US business schools feature some of the world\u2019s most expansive alumni networks, so making connections to top U.S.-based firms will be a focus outside of class. That\u2019s perfect for landing a post-graduation job, be it at an international consulting firm\u2019s U.S. offices, a Bay Area tech firm, or a Wall Street-based financial giant. A two-year U.S. MBA will also allow you to pursue a summer internship in the U.S., many of which are designed to lead to full-time job offers. This is a job market where academic credentials are highly valued\u2014if you get into a top U.S. MBA program, you will almost certainly be hired in the U.S. post-graduation.<\/p>\n<p>Finally, given the immense competition for spots in these programs, attending a top school in the U.S. means attending an international program. The diversity in your class will be enormous and though the international student percentage will likely be lower than a top European program,&nbsp; names like Harvard and Stanford can corral the very best all in one class.<\/p>\n<h2>Disadvantages of studying in the US<\/h2>\n<p>As for the cons? Well, the sticker shock for one: an American MBA is NOT cheap. That high quality and international prestige comes with a hefty price tag. Further, like Americans studying in Europe, you\u2019ll have to weigh whether you\u2019ll want to spend a significant part of your life in a new country. Finally, <a rel=\"noreferrer noopener\" aria-label=\"immigration politics in the United States (opens in a new tab)\" href=\"https:\/\/admissionado.com\/blog\/mba\/american-politics-mba\/\" target=\"_blank\">immigration politics in the United States<\/a> have been complicated the past few years, and while very little policy changes have taken place, that may change (for better or worse) after the 2020 election. You\u2019ll want to check Visa eligibility to avoid any painful surprises.\u00a0<\/p>\n<p>No matter where you end up, the fact that millions of students are willing to travel thousands of miles for an MBA should be a heartening sign. There\u2019s a reason people are willing to uproot their lives for this degree: it is, quite simply, an opportunity to change your life.<\/p>\n<p>===<\/p>\n<p>***<a rel=\"noreferrer noopener\" href=\"https:\/\/admissionado.lpages.co\/admissionado-mba-product-guide-fall-winter-2018\/\" target=\"_blank\">NEW Admissionado Products &amp; Services for MBA\/Masters!<\/a>***Now, read up and get smart:<\/p>\n<ul>\n<li><a href=\"https:\/\/admissionado.lpages.co\/masters-in-finance-crash-course\/\" target=\"_blank\" rel=\"noreferrer noopener\">Master in Finance Crash Course<\/a><\/li>\n<li><a rel=\"noreferrer noopener\" href=\"https:\/\/admissionado.lpages.co\/mba-supplemental-essay-analysis-2018-19\/\" target=\"_blank\">MBA Essay Analysis Book<\/a><\/li>\n<li><a rel=\"noreferrer noopener\" href=\"https:\/\/admissionado.lpages.co\/50-essays-that-worked-vol-4\/\" target=\"_blank\">50 Essays That Worked (Latest Edition)<\/a><\/li>\n<li><a rel=\"noreferrer noopener\" href=\"https:\/\/admissionado.lpages.co\/admissionado-mba-resume-guide\/\" target=\"_blank\">Resume Guide<\/a><\/li>\n<li><a rel=\"noreferrer noopener\" href=\"https:\/\/admissionado.lpages.co\/admissionado-lor-guide\/\" target=\"_blank\">LOR Guide<\/a><\/li>\n<li><a rel=\"noreferrer noopener\" href=\"https:\/\/admissionado.lpages.co\/european-mba-crash-course\/\" target=\"_blank\">European Crash Course<\/a><\/li>\n<\/ul>\n<p>That\u2019ll get you started.&nbsp;Still have questions? Reach out, and let\u2019s gab.<\/p>\n<p>Our only requirement is that you don\u2019t prefer warm milk over cold milk. Everyone else, 100% welcome.<\/p>\n<p>Email:\u00a0<a rel=\"noreferrer noopener\" href=\"mailto:claudia@admissionado.com\/\" target=\"_blank\">claudia@admissionado.com<\/a><br \/>Young People:\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/api.whatsapp.com\/send?phone=13107294329&amp;text=&amp;source=&amp;data=\/\" target=\"_blank\">WhatsApp<\/a>, or Wechat (@JonFrankHBS)<br \/>Older:\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/Admissionado\/\" target=\"_blank\">Facebook<\/a>,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/Admissionado\/\" target=\"_blank\">Twitter<\/a>,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.linkedin.com\/company\/admissionado\/\" target=\"_blank\">LinkedIn<\/a><br \/>Oldest: 866-409-4753<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/admissionado.com\/blog\/mba\/mba-study-abroad\/\">Should you do your MBA abroad?<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/admissionado.com\">Admissionado<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First, let\u2019s define \u201cabroad.\u201d If you\u2019re an American reading this, \u2018abroad\u2019 most likely means a top school in the UK or mainland Europe, or perhaps an Asian expansion of a&#8230;<\/p>\n","protected":false},"author":140,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,817,775],"tags":[],"class_list":["post-47532","post","type-post","status-publish","format-standard","hentry","category-mba","category-admissionado","category-admission-consultants","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/47532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/140"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=47532"}],"version-history":[{"count":0,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/47532\/revisions"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=47532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=47532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=47532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}