I'm Businessconquerer and this is my take (opinion) on why I feel that applying to B-schools such as LBS, MBS in Britain/ England would not be in interest of an international student.
So before I talk about anything else, let me give you a lil fact
Just some time ago, after the Brexit issues were proposed, the currency took a DIP. It fell in value.
My entire discussion will be based on the same
B-school investment requires a huge amount. Duhhh
So let's see
You invested 140,000 british pounds in 2019-2022
Now Brexit might cause another dip as discussion itself broke the currency, so imagine the crisis after the deal is done
In your currency, the amount you invested remained the same and now you find a job there, which again is highly unlikely as employers might be considering their strategy and might even lay some people off due to a sudden crisis, this is just a guess but well we all are grown ups here, THE JOB MIGHT NOT GET YOU A PROPER ROI
As the amount you invested in your country's currency might not come back into the same you invested
For example
In 2019, you invested INR 56,00,000 (5.6 million) into admission to LBS (one year fees) or any other given that 1 BP = 80 INR
Now the BP took a dip
Let's assume that the conversion tips to 1 BP = 60 INR
And given the starting salary, let's say you get 100,000 BP
Living expenses and other costs will bring your savings to 40,000 BP
Convert that into INR
2400000 (2.4 million)
While you had an issue of 5.6 million in one year excluding living expenses, now you've just covered only half of it
Total investment would have been say 11 million
and to get an ROI, you would have to wait for 6 years (let's say interest and increment are cancelling each other out, I know they don't)
Or to be on the safe side, 5 years.
The British law let's you work for 3 years after the Graduation before applying for work permit
Even if the 40% is saved, you'll still be in debt for a long time
STEM MBAs in USA are still a better option according to me than getting involved in the political Drama of the British (Harsh words but tell me if anything I just said was untrue, all extrapolations).
I have got a post copied from a news article in here, give it a read if you want
https://gmatclub.com/forum/stem-mbas-311578.htmlHowever, after the currency takes a dip, the future internationals can get an MBA for a lower cost
Unless of course they adjust the fees to match the dip
bb NarenncarcassWhat do you guys think, what's your take?