What you should know about an international MBA Degree.Three to four years is the average, although all schools differ. Business schools are heavily focused on peer to peer education, where the strength and experience of the MBA students is as important as the strength of the teaching staff, and schools therefore look for people who have some real experience. This doesn’t have to be in management and can be from almost any background or industry for business schools.
Who should pursue an MBA?
MBA is more suited to students who are looking to switch career or become an entrepreneur. Masters and PHD qualifications suit those looking to start higher up in their chosen career.
With the rupee weakening against the dollar, what does the actual cost of pursuing an MBA abroad work out to be?
There is no cost, only a various ‘return on investment’. Most students from rapidly developing economies like India will look at the ‘cost’ of pursuing an MBA abroad and think that it rules out all but the incredibly wealthy. There are countless opportunities to fund MBAs, including loans and scholarships and schools will find ways of getting the right candidate onto their courses. Instead of looking at the ‘cost’ Indian MBA candidates should be looking at the ‘return on investment’ from their MBA.
Work experience
Most business schools expect their students to have some work experience. Although, schools may differ in their exact requirement, three to four years is the average work experience. It is not necessary that you should have work experience in management; it can be from almost any background or industry.
What is the actual cost of pursuing an MBA abroad?
The cost of pursuing an MBA abroad is really high, but it doesn't mean that only the incredibly wealthy can afford it. There are numerous opportunities to fund MBAs, including loans and scholarships.
Which country would give me the best study abroad experience?
Everyone wants to know this, however every person has entirely different interests, skills, specialisations and so the best country or school for one to study in will not be the same for the other. Instead of this, think hard about your personal aims and ambitions then research schools on an individual basis, not by country (as there are a variety of schools in any given nation).
Where should I pursue my international degree?
It depends upon your interests, skills and specializations. Before you choose any country think hard about your personal aims and ambitions and then research schools on an individual basis. No country is right or wrong.
With the rate of interests for educational loans expected to rise and the situation expected to worsen, how difficult would it be for students to repay their loans?
We need to focus on the fact that after every downswing is an upswing and that return on investment for MBAs remains very high. Most banks know that MBAs are going to be among the highest earners within a short space of time, so rates are quite preferable in most countries and can be repaid over a long period of time.
Funding your studies
Funding opportunities vary from country to country. Tuition fee is obviously the greatest cost of pursuing an MBA abroad. Other expenses that need to be taken into account are travel, accommodation, living and compensating for time away from employment. While applying, students should spend time searching for scholarships and fellowships. The sources of funding varies from country to country, so there is no centralized process to apply for outside scholarships and many of these can only be obtained while the student is in their home country. Waiting until an admission decision is received may leave too little time to identify outside sources of funding.
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