Is It Worth Doing An MBA In The USAJuly 30, 2022 2022-08-01 7:24
Is It Worth Doing An MBA In The USA
Is It Worth Doing An MBA In The USA
The USA is known for being the birthplace of the MBA program and the majority of the top business schools in the world are located in the US. These business schools offer top-quality education and access to advanced resources for students to develop practical skills and hands-on work experience.
You will study under expert faculty at your university who have conducted extensive research, are familiar with the basic principles that help people thrive in an industry. The progressive knowledge that students receive, will give them an edge in any industry as every company needs to focus on quality management and managing finances.
You will gain valuable work experience in a rapid and dynamic business environment. An MBA in USA is worth it for building professional relationships with people which are extremely beneficial for networking, learning new things and finding exceptional opportunities that help you grow personally and professionally.
How to tackle MBA expenses?
Pursuing MBA is definitely more expensive than pursuing any other master’s degree. And if you’re planning to pursue it from the US, it’s going to cost more because of the top-quality education they provide. So, you must manage your finances effectively to complete the program. To minimize your expenses,
- You can apply for merit-based or need-based scholarships from various organizations or financial aid from the university you have applied for. You must, however, meet their requirements and prove yourself eligible. Fellowships are mainly awarded to students who perform exceptionally well in academics from the grant money that is given to a university.
- You can use your personal savings to some extent and your parents can help you with the remaining costs. Several MBA students who apply are in their late 20s and have a work experience of 3-5 years. If you start saving right after your graduation, you will have enough money to pay tuition fees for a year.
- MBA sponsorship is a terrific way to fund your MBA. If you feel you’re an exceptional employee at your company, you can apply for a sponsorship. You will be required to come back at that company to work for a few years. You should consider this option only if you feel you’re working in the right industry and company.
- You can apply for student loans with low interest rates from your home country. You should conduct thorough research on this part.
Why Should You Pursue MBA in USA?
While pursuing an MBA, you will be surrounded by like-minded people with different perspectives and belonging to distinct cultures. Pursuing an MBA will also increase the scope of your career opportunities and open the doors to many multinational companies who are always on the lookout for students with exceptional managerial skills.
The main recruiters of MBA graduates include Mckinsey and company, The Boston Consulting Group, Bain and Company, Goldman Sachs, Amazon, Deloitte, etc.
During your MBA program, you will learn universal lessons that will stay with you throughout your life. It will help you develop exceptional problem-solving skills as well as critical thinking skills and looking at a problem or shortcoming from multiple perspectives.
You will get a chance to interact with distinguished alumni who will give you more clarity to choose your own path in life.
Most of the senior managers, directors and other key people in a company are MBA degree holders. MBA graduates have the resources to earn about USD 113,000 within three months after graduation who already have sufficient work experience. This is 28% more than the median salary of graduates without an advanced degree.
The USA is the world’s largest economy which proves that there is an opportunity for everyone. When you’re working in the US, you’re paid more than MBA graduates in other countries and you can build a stable and high-paying career for yourself at the same time. The USA is definitely the perfect place to pursue an MBA, weighing the pros against the cons, you will gain all resources required to build a great company or a great corporate career.