Why study MBA in the USA? Uncover the Top 7 Reasons
- Posted by Edwise Foundation
- Categories Blog
- Date June 1, 2020
Why study MBA in the USA?
Just like you can never go wrong with desserts regardless of what you had for dinner; MBA could be the icing on the cake regardless of what your academic background is.
Any business will need someone who can oversee it and MBA prepares you exactly for that and No education system understands that better than the USA.
10 out of the 15 best MBA schools are in USA as per MBA Crystal ball.
Not everyone will get into these top schools but the best part is, no matter what kind of a profile you have; there is a University which you can get into.
The major reasons why you should consider the USA for your MBA could be as listed below:
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Options in Number
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Flexibility
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Concentration
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Recognition
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Cost
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Scholarships and Assistantships
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Network and Professional Exposure
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MBA in USA – Requirements
GMAT or GRE is a must for getting into most of the top Universities in the USA. However, Work experience and High GPA could waive the requirement for some Universities.
Also, there are Universities in USA which do not require GRE or GMAT for admissions.
The USA has been at the forefront of most of the business innovations globally. With a degree in the USA, a student has the flexibility to choose electives as per the field of their interest which they want to make a name in.
Also read; How To Apply to Study MBA In Australia
The core is developed to learn the basics such as Accounting, Finance, Marketing, Human Resource, Economics, Organizational Behavior and operational management which ensures Students have a strong foundation to succeed.
However, there are various other majors that a student can pick over MBA if they know exactly what they want to do; programs such as MS Business Analytics, MS Finance, MS Accounting, MS Marketing Analytics, MS Supply Chain Management, MS Technology Management, MS Analytics, MS Engineering Management, MS Construction Management, MS Project Management and many more.
Most of these programs are STEM Designated programs and offer 2 years’ worth of CPT along with 1-year OPT.
Whereas with a normal MBA, a student will be limited to just 1 year OPT which definitely limits an International student to grow in areas such as exposure and income.
Nonetheless, if you want to be a top-level employer and want to make a difference in whatever field you are in, MBA in the USA is your Recipe for success.
The charm of MBA from the USA is never going to go out of fashion and top companies will always be craving for an MBA graduate from a top University in the USA.
Pursuing an MBA is a major decision that requires careful thought and planning. For international students, the United States has always been a top choice for business education. American universities invented the modern MBA and still lead the world in advancing business theory and practice.
There are over 700 MBA programs across the U.S. at accredited public and private institutions and can choose from full-time, part-time, executive, and online MBA choices. Yet, the sheer volume of options can overwhelm prospective students.
To help international applicants decide if an American MBA is right for them. Here are 7 compelling benefits of studying in the U.S.
1. World-class business schools and faculty
The United States is home to some of the best and most prestigious business schools globally, including Harvard, Stanford, Wharton, Chicago Booth, Columbia, and more.
These schools consistently top global MBA rankings and attract brilliant students from across the U.S. and internationally. Admission into elite American MBA programs is highly competitive, with acceptance rates often under 20%.
The U.S. invented the modern business school model. American business schools spearheaded mainstay courses like financial accounting, marketing, operations management, macroeconomics, microeconomics, statistics, and corporate finance.
They have had over a century to perfect the MBA curriculum, evolving to keep pace with the needs of industry, technology, and globalization.
These elite business schools attract world-class faculty who are leaders in their fields of business research and management theory.
Harvard Business School has the highest percentage of faculty with doctorate degrees at 99%, many from top programs like MIT, University of Chicago, and more. The student-faculty ratio is also very favorable at schools like Dartmouth Tuck (6:1) and Columbia (7:1).
Studying at one of these leading institutions provides access to pioneering research, brilliant minds, and intense peer learning. Their rigorous MBA programs focus on critical thinking, data-driven decision-making, leadership skills, and business fundamentals.
Graduates emerge well-prepared to take on leadership roles or launch successful ventures.
2. Diverse student body and networks
MBA programs at American universities attract a highly diverse cohort of students from across the U.S. and around the world. For instance, INSEAD reported students from 90+ countries in its 2021 MBA class.
This multicultural environment leads to valuable cross-cultural exchange and friendships with ambitious peers that can last a lifetime.
Many U.S. MBA programs also incorporate extensive teamwork, group projects, clubs, and networking events. Harvard Business School is famed for its case study method, where students debate solutions in small groups.
Ivey Business School pioneered the multidisciplinary HBA program. Similarly, Chicago Booth is known for its economics focus and immersive field studies.
These experiences foster communication, leadership, and teamwork – skills expected in today’s collaborative business world. Students broaden their perspectives while expanding their professional network with talented classmates and alumni. Those connections can prove invaluable for career development and worldwide business opportunities.
3. Cutting-edge business education
While business schools now exist worldwide, the graduate management education model originated in America. U.S. business schools have had a long lead to perfect the art and science of MBA curriculum design tailored to the evolving business world.
For instance, Harvard University established the first MBA program in 1908. Wharton Business School, part of the University of Pennsylvania, was the first to offer an undergraduate business major in 1881. Chicago Booth School pioneered the first Executive MBA Program in 1943.
Top U.S. business schools remain at the forefront of curriculum innovation to stay relevant. Take MIT Sloan, which created 15 new courses and electives in a 2019 curriculum overhaul—or Yale School of Management, whose integrated core curriculum focuses on training purpose-driven leaders.
American MBA programs generally emphasize broad critical thinking and real-world skills over specialized training. The approach gives graduates the agility to navigate today’s fast-changing business environment.
4. Flexibility in program options
Within the U.S., an unparalleled breadth of high-quality MBA programs are globally ranked and accredited.
In Bloomberg Businessweek’s 2022 rankings, 106 U.S. MBA programs made the top 60 worldwide. This contrasts with only 7 schools in Europe and 2 in Asia in the top 60. The mature American business education sector provides abundant choices.
Prospective students can find full-time, part-time, modular, executive, and accelerated one-year MBA formats to match their needs. Program lengths range from 12 months to 24 months. Some allow flexibility, like HBS’ non-degree Program for Leadership Development.
Specialized MBA concentrations are offered in every major including Finance, Marketing, Entrepreneurship, Healthcare, Tech, and more. Combined MBA degrees such as MBA/JD, MBA/MPH, MBA/Engineering, MBA/Public Policy, and more are also available.
Options even exist to pursue an American MBA curriculum abroad. For example, Duke Fuqua has a campus in China. Northwestern Kellogg offers its MBA in Canada and Hong Kong. These choices provide flexibility to find the right program based on experience, interests, and location.
5. Access to career resources and employers
The career management centers at top U.S. business schools are staffed with experienced professionals dedicated to maximizing student success. They offer an array of services:
Resume and cover letter reviews
Mock interviews and negotiation practice
Career coaching and assessments
Job search strategies
On-campus corporate recruiting
Employer presentations and networking events
Industry treks and trips to business hubs like Wall Street
Online job databases with thousands of listings
Lifetime access to the alumni network
Kellogg calls its career center the “Department of Career Acceleration” – an apt name! These services help students gain clarity in career goals and develop the tools to succeed.
The career centers also leverage their strong corporate connections to bring hundreds of global recruiters on campus. In 2021, Amazon, Bain, Google, McKinsey, Microsoft, and more all recruited MBAs from UChicago’s Booth School.
With their expansive alumni networks, elite U.S. business schools provide unrivaled access to American and global employers. These perks make it easier for international students to secure U.S. work opportunities. According to Access MBA, 65% of INSEAD’s Class of 2021 got jobs in the American countries, mainly in the U.S.
6. Immersive learning with case studies and projects
The American style of business education involves intensive use of case studies, group projects, presentations, and hands-on learning. Instead of just memorizing theory, students gain practical experience solving real business challenges through teamwork.
HBS pioneered the case study method – now used worldwide. At Darden School of Business, case studies account for about 75% of learning. Chicago Booth is renowned for its “LEAP” curriculum that emphasizes experiential learning.
Group projects at U.S. schools develop skills in analysis, leadership, conflict management, and delivering results with peers. Students also get opportunities to do pro-bono consulting projects, field studies, internships and study abroad programs.
For example, Fuqua School of Business offers Field Studies for first-year MBAs to travel globally and explore business problems up close. Berkeley Haas has an experiential semester built into its MBA, where students work full-time at a startup.
This immersive, experiential learning environment fosters the creativity, critical thinking, and collaboration abilities prized in business. It prepares students to hit the ground running in their careers.
7. Opportunity to live and work in America
International MBA students get an invaluable opportunity to live in the U.S. for one to two years while studying. They can experience the energy and diversity of American business hubs like New York, Chicago, San Francisco, and more.
Students also get chances to learn from Silicon Valley tech companies, visit financial institutions on Wall Street, and do consulting projects nationwide. These experiences provide exposure to American business culture and practice.
After graduation, international students can continue to work in the U.S. for 1-3 years through Optional Practical Training (OPT). About 80% of eligible MBA grads use OPT, according to survey data reported by U.S. News.
Within the U.S. economy, valuable work experience can be gained with American companies or global U.S. divisions. After OPT, about 15-20% of students progress to obtain coveted H1-B skilled worker visas sponsored by employers.
Those unable to get H1-B visas still benefit from launching their careers with name-brand American companies which engenders credibility. They gain international experience desirable for career advancement within U.S. multinationals worldwide.
Though an MBA requires significant money and time, the potential rewards can be well worth it. Graduating from an elite U.S. business school provides lifelong value for one’s career that pays dividends anywhere in the world. For these compelling reasons, pursuing an American MBA degree is worth considering for ambitious international students and professionals.
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