Pros and Cons of Obtaining an MBA Abroad

Due to international trade, the economy of one country tends to be closely linked to that of other nations, and large corporations are often …

Due to international trade, the economy of one country tends to be closely linked to that of other nations, and large companies frequently have offices on multiple continents. Anyone who hopes to someday run a Fortune 500 company should realize that such an important leadership role is likely to require a lot of travel and collaboration with colleagues around the world.

An ambitious businessman may consider attending a business school in a country where he is neither a citizen nor a permanent resident.

[Read: 4 Popular European MBA Programs for Americans.]

Stacy Blackman, the namesake of an MBA admissions consultancy firm, advised prospective students to find out if the employees of their dream employers typically have an MBA from a particular type of school. Blackman, a former US News contributor, notes that employers who are picky about their employees’ academic pedigree tend to favor B-school alumni with “global name recognition.”

“Being the top performer at B-school is often more important, however, than the school’s brand,” she wrote in an email. “Only a small fraction of employers globally really expect an elite MBA degree – almost always, a higher education degree will suffice depending on the professional and target career path (or) of the employer.”

The first MBA program that comes to mind for a prospective MBA student who is just beginning their search for the right fit may be a prestigious academic institution based in North America or Europe, such as Stanford Graduate School of Business in the United States or HEC Paris in France. However, there are excellent top-tier B schools based in various parts of the world including Africa, Asia, Central America, Oceania, and South America.

Here is an overview of the pros and cons of going abroad for a B school, as well as considerations of where you are from and where you want to go.

Selling points and disadvantages

Obtaining an MBA or other type of graduate degree in business in a foreign country is a way to increase cross-cultural awareness, learn new language skills, and network with talented people and sharing the same ideas, coming from distant places, which would be difficult to meet otherwise, B- say the old people of the school.

“A big advantage is that you will be able to experience new cultures, which will help you in your future work opportunities”, Max Benz, Founder and CEO of Remote-Job.net – a website that allows people to find job options. job that let them work where they prefer – written in an email.

[Read: 7 Common Mistakes International MBA Applicants Make.]

“It also allows you to experience different styles of working and how certain companies operate,” adds Benz, a business-oriented BSc and MSc from the Technical University of Dresden in Germany. “This can be beneficial for future employers who want employees with global experience. ”

Unfortunately, international flights to and from a foreign school can be expensive, and strict immigration policies in a foreign country could make it difficult for foreign students to work in that country.

“There are certain drawbacks to pursuing an MBA abroad, such as the cost involved or the inability to apply for jobs,” Benz said. “Students may have a harder time than they thought obtaining visas or work permits for their studies abroad, which means they might have to leave the country abruptly after graduating without much. time for the transition. They may also be concerned about cultural differences in learning styles, study habits, and academic rigor.

Other factors to consider

When comparing MBA programs in different countries, keep in mind several regional distinctions.

The norm in some countries is for MBA degrees to be completed in a single year, while in other places the timeframe for graduation is typically two years. The price of School B in some areas tends to be more expensive than others, and starting salaries among recent MBA graduates tend to be particularly high in some countries like the United States. disparities in the cost of living.

[Read: How MBA Students Can Get More International Experience.]

No matter where in the world you prefer to pursue an MBA, it is wise to study the curriculum and course offerings of your target B school to assess whether the lessons taught at that school seem interesting and relevant to you.

It is also safe to consider whether the school of your dreams is world-renowned or highly valued only in a particular geographic area, as the extent to which employers recognize the value of an MBA influences the quantity and quality of opportunities. post-MBA job.

The chances of admission for a candidate applying to graduate business programs may vary depending on the location of those programs, according to Blackman, who notes that European B schools tend to enroll a higher percentage of international students than American B schools.

“Meanwhile, American schools are more competitive for those whose backgrounds are overrepresented in the applicant pool,” Blackman said.

Another consideration is your final destination, which is where you intend to spend most of your career.

“If your professional goal is to live and work in Europe, pursuing an MBA is arguably the best introduction to regional business life,” says Blackman, noting that a majority of new graduates from top European B schools find of work in Europe on graduation. “If you prefer to work in the United States, American MBA programs dominate with 87 to 89% outplacement in the United States.

Looking for a business school? Get our full ranking of the best business schools.

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Pros and Cons of Obtaining an MBA Abroad originally appeared on usnews.com


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