Getting your MBA can be an excellent way to grow in your career and eventually make more money. More students who are on this same path have turned to programs abroad rather than those in the United States due to all that they offer. From great schools to some of the top MBA programs in the world, there are many reasons for you to consider doing the same. Whether you’re sold on this idea or aren’t quite sure what you want to do, reading some of the top reasons to study abroad that are listed below can make the decisions easier.
1. Fast Track Programs
Did you know that most MBA programs in Europe only last for one year rather than two (which is typical in the United States)? This can mean finishing your degree is about half the time it would take you in the United States, all while still getting a great education.
2. Strengthen Your Career Opportunities
While finishing your MBA in the United States can open up many doors for your career, it can open up even more when you study internationally. This is because when you live abroad you’ll learn about an entire new economy and region that you’ll be immersed in. Not to mention you’ll meet more people, create stronger networks, and find employment opportunities that can take you far. Since so many U.S. companies work with those abroad, the opportunities for employment are endless.
3. Reduce Education Expenses
Due to the fact that foreign MBA programs are shorter, they are generally much more affordable than those in the United States. This doesn’t only mean less money spent on education itself but also being able to get a job much more quickly after graduating. To put this in perspective, some MBA programs in the United States cost around $200,000 and those in Europe cost around $100,000. What’s even better is that programs through foreign-approved schools allow students to use financial aid, which can be worth more in other countries.
Also, now with the help of many MTO’s (money transfer operators) like TransferWise, Currencies Direct and others, you can get sent money abroad for a lot less. Talk with your parents how can you used them and forget about the banks and their big fees and start making cheaper international money transfers.
4. Broaden Your Perspective
Personal growth is a big part of expanding your perspective as well as career. By traveling and studying abroad, this is something you’re much more likely to do. Not only will you learn about a new culture but you’ll become a lot more independent because you won’t be so familiar with your surroundings. What’s even better is that you’ll make new friends, learn about different ways of life, and might even learn a new language as well.
5. More Opportunities for Admittance
It can be difficult to get admitted into a school in the United States, especially if it’s one of the top in the country. The good news is that it can be easier to get into top schools internationally, so you could have more opportunities.
6. Impress Employers
Employers love to see applicants who have traveled and studied abroad, as it proves that they have more exposure to different parts of the work. This tends to shape a better worker who understands global economies and is independently strong. While this won’t guarantee that you get a job, it will certainly help you stand out among all others.