Why pursue MBA abroad?
Why pursue MBA abroad?: “ YOU DREAM IT, NOW DO IT “ – A master’s degree in business administration, sometimes known as an MBA, is a postgraduate program that will expand your employment options globally. A broad MBA program will provide you with a strong foundation in business essentials such as marketing, accounting, finance, management skills, strategy, business ethics, and human resources, as well as being one of the most sought-after degrees in the world(Why pursue MBA abroad?).
Why MBA abroad?
- Attractive compensation package: An MBA graduate from a recognized B-school of a foreign institution earns much more than an MBA graduate from an Indian B-school.
- Career opportunities abound: An overseas MBA can help you get a job as a CXO or in top entrepreneurial jobs.
- Networking chances: If you study MBA overseas, you’ll be exposed to a variety of networking opportunities with students from varied backgrounds, teaching professionals, employers, and those with substantial expertise in their area. Such a dynamic network will assist you in unlocking prospects.
- Gain practical knowledge: Getting an MBA from a different country will educate you on how to cope with modern company difficulties and give you an advantage in sophisticated management practices.
The first and most critical step is to select the appropriate university and nation since this will determine your future path. Check the university’s rating and international accreditations, teaching faculty, course format, facilities, and amenities, estimated cost of study, scholarship availability, and post-graduation options(Why pursue an MBA abroad?).
Eligibility to pursue MBA in the top 5 countries: –
- Australia: A bachelor’s degree from a recognized university is necessary for three to four years. Depending on the university and course specialization, you may be required to demonstrate two to three years of prior job experience.
- Canada: Any student interested in pursuing an MBA in Canada must first get a bachelor’s degree from a recognized university. They may be required to prove three years of full-time job experience in some situations.
- Ireland: You must have a degree from a recognized university and a minimum of three to five years of work experience to be eligible to study MBA in Ireland.
- UK: Students with a three-year bachelor’s degree are eligible to apply for an MBA program in the United Kingdom. Most UK institutions need a minimum of three years of full-time managerial experience.
- US: In the United States, the most fundamental qualification is to have completed a bachelor’s degree, which requires a total of 16 years of schooling. You can still apply if you have completed your master’s degree. Prior job experience, spanning from two to 10 years, is required for executive MBAs.
Exams required to study for MBA abroad: –
To study MBA at any foreign university, you must pass the GMAT or GRE with a respectable score. While the GRE and GMAT can both be taken up to five times in 12 months, the GRE can only be taken once every 21 days and the GMAT once every 16 days. The GMAT assesses a student’s analytical writing and integrated thinking skills. Quantitative skills, as well as critical thinking and phrase correction, are required. An IELTS score of 6.0 to 6.5 is necessary for all study places to demonstrate your fluency in the English language.
The maximum PTE score that may be obtained for admission to foreign colleges is 75.
Cost of MBA per annum: –
- AUD 39,000-AUD 90,000 in Australia (approx.)
- CAD 30,000 – CAD 42,000 in Canada (approx.)
- €9,950 – €34,500 in Ireland (approx.)
- £5,000-£30,000 in the United Kingdom (approx.)
- $10,000-$35,000 in the United States (approx.)
Course Duration
- Australia: Universities in Australia offer MBA programs that last anywhere from 18 months to two years.
- Canada: Depending on whatever MBA programs you choose from three categories, the course time might range from 10 months to two years.
Specialised \sGeneralised \sCombined:
- Ireland: An MBA degree from Ireland will take you a year to complete.
- United Kingdom: An MBA program in the United Kingdom typically lasts a year.
- United States: A full-time MBA program takes two years and four semesters to complete. If you want to get the required business abilities in a short amount of time, one-year MBA programs are a viable alternative.
Top career options after completing MBA Abroad
An international MBA degree can greatly expand your employment opportunities, and you can specialize in marketing, finance, operations, or technology. You might work as a brand manager, product manager, marketing research analyst, business analyst, marketing manager, financial analyst, chief financial officer, or data processing manager, among other positions in the sector. In reality, if you have strong practical expertise, you may likely advance to a top management position in a worldwide corporation.
MBA is regarded as one of the most profitable degrees in the world, with a wide range of employment opportunities. Students, unsurprisingly, work hard to get into excellent business schools and colleges to give their ambitions wings and simply profit from their investments. If you want to further your career by earning a degree from a foreign institution, prepare ready to work hard and chisel yourself into the program of your choice.