Top MBA Choice | International Business Schools

International MBA is top choice for students

Traditionally, American business schools were mainly the first option for most MBA applicants, both from the USA and other parts of the world. However, a new trend, as highlighted by the Graduate Management Admission Council, has emerged over the last five years which shows that international business schools are now becoming the first choice for many MBA aspirants.

Why choose an international MBA

Various factors are responsible for this change, including the economic landscape and a more global perspective by MBA candidates.

There are other key factors such as the difference between MBA courses offered by US based business schools and international schools. For example, some international schools do not require GMAT scores as part of their admission process. Incidentally, GMAT scores submitted to MBA providers in the UK, Canada, and India, have been increasing.

The increased applications are mainly from international students. However, more American graduates are also applying abroad for MBA programs.

Many MBA applicants are encouraged to apply for international business schools because of the advantages they offer compared to traditional US based MBA programs.
  • 1. Cost: International business schools, in general, are less expensive than US counterparts.

    2. Duration: most MBS programs at international business schools require 1 year of study, not 2 years as is traditional in the US, this dramatically reduces the overall costs for an MBA student.

    3. MBA students are more aware of academic debt and the somewhat gloomy employment market and less prepared to take on greater financial responsibility than is essential.

    4. International business schools tend to have a wider network of alumni and employment opportunities on a global scale – a distinct advantage in today’s global marketplace.

    5. American MBA programs do not generally offer the same level of diversity as international business schools are capable of offering in terms of international students.

Examples of international diversity can be found within the top 10 MBA programs as compiled by the Financial Times. At London Business School, in the UK, they have an international MBA student body of 94% this year, INSEAD based in France and Singapore also has a high proportion of international students, 95%.

Compare this to Harvard and Stanford in the USA, which both have less than 50% of international students in their MBA programs, and you can begin to see clear differences in the level of diversity between MBA programs in the US and international business schools.

Costs for enrollment, tuition, the duration of an MBA, employment opportunities following graduation and a greater global perspective are all factors which seem to be making MBA students seriously consider taking their MBA at an international business school.