Top MBA in USA for international students
As America accelerates its journey out of the recession, high paying jobs are back on the table. In such a scenario, an MBA in USA offers excellent career prospects for not just U.S. citizens but also international students.
This draws hordes of students from India and other countries to the land of opportunities. Read this to know more about eligibility requirements and entrance exams for MBA in USA.
Why MBA colleges in USA are popular among international students
Plenty of jobs in USA after MBA
Whether it’s consulting, investment banking, technology or manufacturing, employers are flocking to bschools to hire the top talent. Here’s the average salary in USA for MBA jobs.
Most 2 year MBA programs in USA offer an internship which is a good way to get some international exposure in the industry you are interested in breaking into, and also earning some good money for your efforts.
MBA universities in USA offer more scholarships
The culture of giving back has made American universities are among the richest in the world. The endowments at Harvard and Stanford run into billions of dollars, with successful and generous alumni donating huge sums to their alma mater. This translates into more financial aid and scholarships for deserving international students.
Read these stories of how Indian students have got scholarships from universities in USA ranging from partial fee waivers to full free ride (100%).
Cultural diversity in the U.S.
Just like the broader American society, MBA colleges in U.S. are a melting pot of various cultures. With all the academic and social interactions that happen on campus, you’ll feel right at home in the first few days itself.
Indian festivals like Diwali, Holi, Navratri, Dussehra (and Cricket, if that qualifies as religion for you) get celebrated in many U.S. university campuses.
Student friendly visa regime
If you’ve got an admit from a repute U.S university and have fulfilled the documentary requirements for the F1 student visa, the approval process is relatively straight-forward.
There’s also an option to extend your stay in the U.S. after completing the MBA course even if you haven’t found a full-time job yet.
Employers more willing to file work permits
Unlike many other countries (in Europe for instance) where the cultural fitment might make many employers less willing to sponsor a work permit for international MBA students, American employers who’ve been recruiting from U.S. colleges for decades have a more streamlined procedure to file H1B work visas for international students.
If you can prove your worth to them in the MBA job interviews, they’ll initiate the rest. Some risks remain though, like the cap on H1B visas.
Top MBA in USA for foreign students
Instead of the traditional MBA rankings, we d be looking at a custom ranking. We ll refer to one parameter (i.e. the international student proportion) and take it as an indicator of the bschool s popularity outside USA. Which is why we re using the word Top instead of Best .
As a reference point, the average number of international students in MBA programs in the U.S. is around 30%. This may be higher or lower depending on the business school.
In the following table, we identify the U.S. schools where this proportion is higher than the average for American bschools. This brings up some surprising results.
Data Source: US News Business School Rankings 2015
Where s the catch then? Why are many of the seemingly obscure names so popular among the international applicant pool?
Here’s a wild guess. These bschools were possibly promoted aggressively by ‘study abroad consultants’ [or marketing agencies if you remove the facade]. They operate in various countries to push MBA seats to students who aren’t discerning enough to target the highly competitive and top ranking MBA programs. The accomplishment of getting into just about any American MBA program is euphoric enough for many who haven’t read Beyond The MBA Hype.
Or to give them the benefit of doubt, maybe we are simply ignorant about these gems (‘best kept secrets’) of the bschool world.
Whatever the reasons are, keep in mind that the international student ratio is just a quantitative indicator. A high proportion of foreign students in the class doesn’t mean it’s the best for you in every possible sense. In contrast, it could raise some pertinent questions too like the one we just talked about.
Maybe the location of the school (and its extreme cold) doesn’t gel with your warm-blooded circulatory system. Maybe the high school cost doesn’t resonate with your cold-blooded financial system.
Then there are other considerations to analyse – business school ranking, brand recognition outside the USA (if you are planning to come back to India), the probability of getting scholarships for international students, availability of low interest loans, support for families / kids (if you are a mature student).
If it gets too confusing, our MBA MAP application strategy offering might work for you. Drop us a note and we’ll tackle the difficult path ahead together.