Studying abroad has become a common phenomenon in recent times. You will have to fulfill different criteria if you want to study abroad. Many students consider it as a bottom-line when itâs come to their studies abroad. The choice is always yours that you can decide whether it should be US, UK or New Zealand.
It often becomes difficult to decide which should be your final destination. Donât go behind the rosy picture of some foreign universities to market their name. At the end it should be your decision through deep analysis and assessments, as you are the only one being affected by it. Here are few things which you should consider before your MBA abroad.
Think about Your Potential
First of all you have to think about your potential before applying for an MBA abroad. You can pinpoint your strengths and weaknesses with some introspection and self-analysis and decide where you're headed for. If you really have the caliber you can get in to top B-schools like Harvard and Wharton or else you can try European schools like London Business School and INSEAD, France. And if you think yourself above the average, the U.S. should be your first choice.
Internationally acclaimed degree
Secondly, one more important factor you should consider before applying to any MBA degree abroad is if the degree is internationally acclaimed or not. Most of the employees prefer applicants with international degrees. So itâs always good to choose an internationally acclaimed course to get a good job in a reputed organization.
Job Prospects
You can assess yourself with some introspection and self-analysis. Before joining any course you should analyze your strengths and weaknesses, and then decide where you're headed for. For Australia, New Zealand and UK Chances of employment is fair and Canada and USA also provide good chances of employment. UK will offer only two years of work permit while Canada New Zealand and USA providing easy work permit.
Cost - Benefit
The cost-benefit must be favorable to your situation. You should have a brief idea and analysis about the expenditure you are going to face. Compare the cost to the benefit by comparing the salaries of the graduates before and after they have finished their degrees. Donât expect the similar kind of returns if you pursue a degree from a top school with paying hefty amount as fee even if you study for a less expensive MBA program you can get better results if the teaching standards are good.
Type of degree
Before applying to any program you should also decide what type of degree you would be getting from the B-school abroad. Most of the MBA programs abroad are available as specialized, general, and combined degrees. Specialized degree is most preferred among students as they can focus studies on a specific field, industry or sector.