Get your MBA from Europe
The business schools in Europe have become increasingly popular for MBA studies, more than the U.S. and thus seem to be tempting pupils away from America, as per 2 independent reports. Also, according to latest reports, the applications filed by MBA aspirers to business schools in Europe have dramatically increased in the past 5-8 years, stating that applications for a degree in MBA to European schools has increased by almost 90% since the year 2006, to almost over 85,000. The market of MBA in Germany, Switzerland and Austria for example covers about one hundred twenty providers and one hundred fifty programs. The MBA education in the UK has almost doubled in number in the last 10 years, with more than one hundred seventy programs on offer.
Here are 3 Reasons why pursuing MBA from Europe Is Better:
- The European business schools are overall cheaper. Although money is not the only thing that is taken under consideration for pursuing a degree in MBA, the debt one takes can significantly vary. European business schools can get cheaper, almost by $50,000-$70,000 overall to get your MBA degree, especially if one considers getting into distance learning programs.
- Some European programs today have become improbably specialized and focused. Say for example, if you wish to pursue distance learning then the Warwick Business School in UK provides an excellent online course program for a little additional than $10K for a year. In case you want flexibility, then the ESADE School located in Spain provides 12 months, 15 months, or 18 month program. There are a range of different specialties, formats and course offerings in
- The best part about pursuing an MBA from Europe is that European course programs overall tend to be generally a year shorter, though one can expect to have a slightly heavier load of the course in a European MBA program, however, if you want to get a degree quicker than anywhere, then Europe is the place to apply for an MBA course program.
The procedure for admission into MBA could be a little demanding, complicated and time consuming, and hence it needs to be prepared for, carefully. Although there are various stages, an MBA program in Europe always normally requires a Graduate Record Examination also called the GRE or a Graduate Management Admission Test, also called the GMAT, as well the English Language Proficiency Test like the IELTS. Some of the best MBA Business Schools in Europe prefer having their own admission exam/test, and this is to reflect the institute's specific requirements better, however, these tests again are very similar in nature to the tests mentioned above.
Submitting an essay is the step that comes next in this process of admission, which is aimed at depicting the prospective student's suitability for the MBA program desired. This essay needs to be directed very well towards the applied Business School, and shouldn't be a general essay, which can be utilized for filling several MBA applications. For an admission process, letters of recommendation are something, which is required and also it's an important basis for deciding between 2 applicants who have similar profiles. The interview is the last step, which is normally conducted by the admission office representatives, the business people or the alumni.
The MBA program fee varies from business school to business school and from one program to another. Starting with €10,000 for a year and reaching up to almost hundreds of 1000's Euros every year, the expense of an MBA program, on an average for each academic year here has been estimated to be roughly €50,000. With a salary increase of almost €10,000 to even more than €40,000 a year, an MBA degree can help pay off all the investment or loan easily in about a few years. Additionally, a lot of employers offer financial support/aid to their employees who do an executive MBA in exchange for serving their firm for a long term.
Types of MBA Programs
Full Time: This can be of 1 or 2 years. It's an intense full time program with an internship period during the summers and requires time and financial investment, which leads to a better job offer by the end of the course, depending upon one's scores of course.
Executive MBA: This is like a full time MBA's subtype and can be 1 or 2 years long. The potential applicant must have a prior work experience of at least 5 years to be eligible to take up this program.
Part time MBA: This has on campus courses at the weekends, noon or evenings, which allows students to continue working his/her regular job, thereby reducing the security and financial challenge of a full time MBA.
Distance learning: Here we have online courses plus exams on campus and people can pursue all the activities and learning online, without having to take a visit to the college/university. It's also popular as 'e-learning'.
Here are some top business schools in Europe:
The Oxford Brookes University Business School in UK:
This business school in UK dominates international and national rankings, and potential employers across the globe know that an Oxford Brookes graduate is always an intelligent investment.
Rotterdam School of Management
, Erasmus University in The Netherlands: It was named as Europe's 6th best MBA School by the Financial Times about 2 years back, which says it all.
- Otto Beisheim School of Management in Germany: WHU provides one of Europe's best MBA executive programs, in a partnership with the popular Kellogg School of Management. The school's program, under the management course of 'Master of Science' was listed by the Financial Times as the world's 12th best program.
London School of Business & Finance
in UK: Their affinity for social trends and breaking technology allows this school to provide some of the best and innovative tools in education in the market today. They have a degree, which can be pursued online, which is delivered through Facebook entirely!
in France: With anchors around in Singapore, Abu Dhabi and France; INSEAD is definitely one of world's most esteemed business schools.
Vlerick Leuven Gent Management School
in Belgium: They have campuses in Belgium and Russia, and it makes this one of the finest positioned business schools for getting a European business degree. It's one of the top ten business school's in the continent.