A two-year MBA from Wharton University will cost you nearly $200,000 in tuition. That is roughly ₹1.65 Crore!
In fact, the tuition fee of any MBA degree from a top US based university ranges between $80,000 to $20,000
With this exorbitant price tag, is an MBA from the United States of America even worth it? What benefits does an American university offer that you can’t get at any other university? Would you be trapped in debt if you took a huge loan to get this degree?
If you’re wrestling with a similar dilemma, then read this blog to the very end. In this piece, we will go through the six peerless advantages you get with an MBA degree from an American university.
Home of Intellectual Elites
Acceptance into a coveted MBA program is a privilege that only the top 1% of applicants enjoy. Here are some statistics to give you an idea. Stanford Business School gets about 7,370 applications each year, but only accepts about 426 students. Harvard Business School gets a staggering 9,773 applications and enrolls just under 1,000 students.
When you enroll as a student, you automatically become a member of the intellectual elite that every major corporation in the world recognizes. But more than that, the stimulus of being in a room full of ambitious and career driven young professionals is enough to help you grow as a professional.
Action Based Curriculum
True education is not what you learn in a classroom; it is knowing how to use what you know to solve problems in the real world.
Fortunately, MBA programs in US business schools are built on this foundation. These programs teach not only through textbooks but also through case studies, operational frameworks, and effective management guidelines that successful businesses use.
This dynamic and action-oriented program helps students get rid of biases in their critical thinking, become more effective managers, and, most importantly, gives them the tools they need to put their theoretical business knowledge to use in the real world.
Safe to say that the version of you that enters an MBA program will pale in comparison to the version that comes out of the program. Simply put, if you want to transform from a mere operative into a competent and inclusive leader, an MBA from the US is your path to success.
Use-case based Specialisations
Not unlike your peers, you might also be wondering, “When I have the option of getting a one-year MBA from top European or Asian universities at a more affordable cost, why should I opt for an expensive two-year MBA from the US?”
Well, here’s why?
MBA programs in the US offer a wide range of specializations. Most coveted business schools in the US don’t follow a one-size-fits-all approach to their curriculum. Instead they create less intensive, and more targeted courses that catalyze your exact professional trajectory
This creates a much more holistic learning environment where you’re not cramming information that you don’t even need to succeed in your professional journey. Instead, you are getting more time to retain specific information that you will use the moment you enter the professional world.
For example, you can master the fundamentals of management, strategy, and finance in the first year and then focus on niches like artificial intelligence (AI) and sustainability in the second year through electives.
You must have heard the quote “You’re the average of five people you spend most of your time with”
Being a part of an MBA program in the US puts you in a unique position where the people you spend most of your time with come from different cultures, ethnicities, and nationalities. In such a heterogeneous ecosystem, your everyday interactions end up contributing to your social learning curve.
Living in the “land of immigrants” will undoubtedly challenge your existing stereotypes, improve your emotional intelligence, expose you to different traditional norms, and most importantly, help you become much more inclusive in your workplace and day-to-day interactions.
And if that’s not enough, you’ll always have a host in any country you travel to!
Access to Top Faculty
We would be amiss if we didn’t mention the most alluring aspect of getting an MBA from the US. And that is the faculty teaching you.
The professors who will teach you have advanced degrees in business or related fields, have worked in the field, and have had their research published in academic journals or other reputable places.
And most importantly, they have connections to industry professionals and can provide you with real-world insights and opportunities.
Unrivaled Career Opportunities
And now comes the part you’ve been patiently waiting for.
It’s clear that an MBA demands a significant investment of time and capital from you. Now let’s explore its ROI. As an MBA graduate from a top American university, you can get a job with a salary ranging from $150,000 to $400,000!
Or, in simpler terms, you can pay off your entire debt within 2-3 years of working.
Now, let’s zoom out and look at the larger picture.
If you have an MBA from a top American university, the way a recruiter thinks about you as a candidate will change completely. From their vantage point, you will be a must-have addition to their team, which gives you greater leverage to negotiate a better salary, comfortable working conditions, and request a definite roadmap of your growth within the company’s internal corporate ladder.
Not just this, but you also get on the radar of Fortune 500 companies, who will compete with each other to recruit you to their team.
Not a bad place to be, right?
Now, if you’re a problem solver and your ambition goes beyond getting a well paying job, the program has got you covered as well. An MBA from a top university gives you access to an alumni pool of the top 0.1% of global talent. You can easily leverage this network to build your own business with people who have already established themselves as industry leaders.
With all this information at your fingertips, are you still unsure if an MBA from the US is right for you, or are you starting your preparation immediately?
Our guess is the latter!