What are the pros and cons of doing an MBA in the USA and UK? Why MBA in the UK?
For starters, the UK has some of the world’s best MBA courses, with more than 14 of its B-Schools featuring in the Top 100 B-schools and MBA programs of the world. Some of these top universities include London Business School, Imperial College, The University of Cambridge, The University of Warwick, and The University of Oxford. About 25% of international students who apply to UK Universities are looking to pursue business degrees.
MBA programs in the UK typically last for a year, with a wide range of specializations and programs to choose from, namely: Accounting, Economics, Finance, Marketing, Human Resources, Media Management, IT Management, and more.
Some of the world’s top recruiters such as Amazon, Apple, McKinsey, Citigroup, Morgan Stanley, Bain, and Company, etc., come to UK Business Schools for placements. Depending on the specialization you choose, you will get opportunities with some of the best organizations in your field.
According to the Research Excellence Framework, 30% of the UK’s University Research is considered ‘world-leading, which is a huge deal. The universities offer some of the best research opportunities and resources available, and the standard of teaching and research is world-class. You will be taught the best practices in the industry and can benefit from the fact that you hold a world-recognized MBA degree from a reputed UK B-School. Despite Brexit, people are still choosing to come to the UK for an MBA due to the vast number of opportunities available.
How does an MBA from the UK fare against an MBA from the USA?
The teaching, theory, and research from both the UK and the USA are far superior to any other country in the world. An MBA from both countries holds immense brand value and academic repute, with universities from both countries ranking in the Top 30 B-Schools of the World. From the USA, we have schools like Harvard, Wharton, and Stanford; from the UK, we have LBS, Cambridge, and Oxford.
There used to be a time when an MBA from the US could lead to one of the best career paths that an MBA could provide but global affairs have changed and so has the job market. An MBA from the USA from schools such as Wharton, Harvard, and Stanford are definitely the premier B-Schools to opt for but the chances of finding a stable job in an already saturated market are very low. Combined with the polarized political world of the US, an MBA from the USA is shrouded in ambiguity and volatility.
On the other hand, the UK has less difficult procedures for immigration in comparison to the USA. Despite Brexit, an MBA from top universities in the UK can guarantee high-profile jobs and an excellent ROI. The avg. fees in the USA are a whopping 90,000 USD, whereas the avg. fees in the UK is slightly lesser: 85,000 USD. Comparing these with an avg. salary of 110,000 USD in the USA and 120,000 in the UK, we can see why an MBA in the UK has a much better ROI.
Obtaining a work VISA is going to be easier in the UK than in the USA, with the UK being much more immigration friendly.
Apart from these, the climate, the culture, whether you want to settle, and the opportunities available are some of the factors you have to take a call on. In this article, we will be covering the top MBA programs and b-schools in the UK exclusively.