10 Important Things to Know About Non-U.S. MBA
Things to Know About Non-U.S. MBA: An MBA, meaning Master in Business Administration is an internationally recognized degree designed to develop skills required for careers in business and management. The degree is widely considered essential for those targeting the top C-level management posts.
An MBA opens doors to vast alumni networks and the very best positions. It could also be the trigger needed by those striving for their own business venture. The degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management.
Half a century later, the first MBA program emerged on the Old Continent and over the past decade, the MBA program has become very popular in the Middle East and Asia. MBA program is certainly flourishing.
In the month of February 2016, the number of accredited business schools, according to the oldest accreditation agency, the US-based Association to Advance Collegiate Schools of Business (AACSB) International, had reached 755 in 51 countries and territories universally.
In the month of September 2015, 73 business schools around the world, of which 68.2% were in Europe, held the triple “crown” accreditation from the most sought-after international accreditations: AACSB, AMBA and EQUIS.
Presently the number of member campuses, according to the US-based accreditation agency Accreditation Council for Business School & Programs (ACSBP) is 1,220, 233 of which are outside the US. Of those campuses, 962 have attained accreditation and 160 are up for accreditation.
In this article, we are going to focus on some facts about Non-US MBA’s
10 things to know about Non-U.S MBA’s
1. MBA is usually cheaper:
Top tier MBA programs outside the USA have a much lower sticker price than similarly prestigious U.S programs, but these programs tend to give less financial aid to low-income students.
2. Foreign MBAs may last only a year
The key difference between the U.S and non-U.S MBA programs is that international programs are usually shorter, lasting only a year. This can mean more time earning a salary instead of paying tuition.
3. One year MBAs can be overwhelming
Earning an MBA in one year is hard. Although an accelerated MBA program cost less in terms of both time and money than a traditional MBA program, the downside is a demanding schedule that doesn’t allow for as many networking opportunities. Another disadvantage of this type of MBA is that there is a lack of summer break that can be used for an internship.
4. U.S jobs may be harder to secure
Experts note that foreign MBA programs have less name recognition inside the U.S than the domestic MBA programs. One necessary exception to this rule is when foreign MBA programs are based at well- known global universities with stellar academic reputations. One disadvantage of attending an international B-school is that it reduces the chance to network with U.S business professionals and explore U.S companies.
5. These programs can increase international options
U.S residents who earn MBA degrees in another nation typically have an easier time breaking into that nation’s job market. If your professional aspirations include globe-trotting in international locations, it makes sense to either studying in the region where you hope to one day work among an ultra-diverse cohort of students who can help you land that conveyed position in Paris, Hong Kong or Dubai.
6. U.s applicants are eagerly accepted
Experts do say; because prestigious international business school wants to enroll more Americans than they currently have on campus, U.S applicants often get into elite MBA programs at global universities more easily than at similar prestigious U.S programs.
7. Foreign B-school favor work experience
International programs tend to prefer MBA applicants who are already established in their career. News in 2014 carried that business schools tend to be especially welcoming of older applicants with a significant amount of work experience.
8. Adjusting to a new country can be challenging
Residents who attend foreign business schools may find it very difficult to adjust to their host nation.US MBA students attending non-U.S b-schools will experience some degree of culture shock from being possibly or the first time in their lives.
9. You can build an international network
MBA programs at global universities tend to include students of diverse nationalities, this programs becomes a great choice for U.S residents who want international business contacts.
10. You can develop cross-cultural leadership skills
One of the advantages of attending business school on foreign soil is that it forces you out of your comfort zone. it gives students much broader perspectives in terms of cross-cultural management and understanding how different cultures face problems in a different way.
Quick facts about the MBA
- It is an internationally recognized degree designed to develop skills required for careers in business and management.
- It is a broad study of all the main aspects of business management.
- It offers the opportunity to deepen knowledge and expertise in a particular business area or a branch of science
- It provides perfect balance in mastering hard skills and soft skills.
- It is flexible in the format being available in full-time, part-time, modular, online or blended format’s
- It gives access to vast alumni networks.
- It is a career accelerator, it helps you to climb the corporate ladder within your current organization, open doors to a new corporation, or build your own business venture.
- High pay is one of its most attractive benefits.
Finally, what is an MBA? Indeed, it is a costly investment. It demands money, time, energy and commitment. But it is an investment and it really pays off. An MBA is once-in-a-lifetime transformational experience that offers you new perspectives opens up wider horizons and enables you to reach unexpected professional and personal heights. In just a few words, an MBA is worth it, every part of it.