I want to attend business school in the Fall of 2008. It seems like the right time coz i will have 3 years of experience in IT and also be more financially stable. I have this dilemma where I can't seem to decide whether I should go for an MBA at a school in Europe or North America. I have looked at certain schools and i m lost. The US schools are tempting because they are ranked better but are extremely expensive. On the other hand the European schools like Rotterdam University look tempting. Some of these schools have no tution costs only living and personal costs. I am based in the US and from India. So i want some feedback about how should i go pursuing this. I still have to talk things over with my gf(who is French and studies in France) but seems that Europe might be good option. I dunno if i can work while i m studying towards the MBA in Europe. I know i can do that in the US. I need some guidance towards this. Also need advice for the ways I can get financed for this program.
2007-01-12 03:41:30 · 6 answers · asked by tiger 3 in Education & Reference ➔ Higher Education (University +)
I also think it depends on what you would like to do with your career after obtaining your MBA. Chose the school that will help you best accomplish those goals.
I also want to point out something stated in the answer above me. It was a very good answer but it is completely untrue that you can't work while getting your MBA. Many schools have evening programs and do not set you up with internships. I understand working may be difficult in a condensed, full time or days only program but my perception is that this is the exception and not the norm. This may be the case in those ultra prestigous schools such as Wharton or Kellogg but this is not true for the average University MBA program.
2007-01-12 04:41:27 · answer #1 · answered by tigervixxxen 4 · 1⤊ 0⤋
The ability to increase your salary and change fields is directly related to the MBA ranking. Starting salaries for those going to top 15 MBA programs in the US is over $100K. The next 15 do pretty well, too. Schools ranked between 31-45 will get an increase in salary that may justify going full time -- but will not do as well as higher ranked MBA programs.
Programs that are not ranked might be good for someone who is getting a part time degree and wants to advance in his current position. However, they do very little towards increasing salary or getting jobs.
If you can get into a top university in the US, you will be able to pay back any loans you took out to get that degree. Or, you can go to Holland and get an MBA for free -- and then go back to your old job at the same pay -- your choice.
There is a reason why eight of the top ten MBA programs in the world are in the US.
If you are capable of getting into a top 20 MBA program, the only ones outside the US that are worth going to are INSEAD and London Business School. They give US type results. However, they also cost as much as US schools (though INSEAD is a 12 month program).
2007-01-12 13:35:41 · answer #2 · answered by Ranto 7 · 1⤊ 0⤋
A couple of things to consider before making your decision:
-where do you hope to work? The U.S. or Europe? Might be better to go to a school on the continent you hope to find a job, but not always.
-in what field do you hope to work? Oftentimes, different fields fit into different educational choices. For example, if you were hoping to do international business, you might consider going to school abroad.
-what do you value more: expense or ranking? The European schools are very tempting because of their price tag, but you do sacrifice a lot of prestige with most of them. If you do end up paying big bucks to attend a top-ranked U.S. school, you shouldn't worry - you'll have it paid off in no time. Salaries coming out of a top-ranked U.S. school are immense.
-you can't work while taking ANY MBA course. You'll be set up with paid internships in the summer, but there is no time to work throughout the year.
-financial aid is huge in most MBA programs, especially for individuals with great work experience, GMAT scores, and GPA. Plus, either option you pursue, U.S. or Europe, you'll be considered an international student, being from India. That opens up huge doors for financial aid.
2007-01-12 11:50:45 · answer #3 · answered by sillycanuckpei 4 · 2⤊ 1⤋
If you want to work in the United States after graduation it's best to get an American degree.
2007-01-12 11:49:49 · answer #4 · answered by pinwheelbandit 5 · 1⤊ 0⤋
Canadian MBA makes most sense...canadian degree is equally accepted in US and cost less too!!
2007-01-12 12:37:55 · answer #5 · answered by niyambhasin 2 · 0⤊ 0⤋
The best MBA schools are in the US.
2007-01-12 11:48:58 · answer #6 · answered by Anonymous · 0⤊ 2⤋