Some quick thoughts on — should I do an MBA an America? Is it worth it?
Posted by Rohit Mittal
The decision to study in a foreign country like America can be tough to make. There are a lot of factors that you need to take into account when trying to make a decision as big as this. First and foremost, studying in America can be very costly so you will need to decide whether it will be a worthwhile investment in your future career or whetter it will be an unnecessary expense. In this article we will try to help you weigh up your options and decide if an MBA in an American university is right for you.
How much will it cost? The cost of an MBA in America will vary depending on the course and the university. Some top universities like Harvard, Wharton, Columbia, Northwestern, and Stanford are on the expensive side but their quality of education and value in the market more than makes up for the high costs. The overall cost could be anywhere between $100,000 and $180,000. This seems like an awful lot of money but you must remember that having an MBA from a good university will help you to get a better job or a promotion and pay rise. Over the course of ten to fifteen years you could quite easily make that money back with a better salary.
What are the benefits? An MBA is a very worthwhile qualification for anyone looking to make their way in the business world. It is a great place to learn from other people’s experience and meet like minded people in the business world and forge potential relationships for future endeavors? You will learn in areas such as financial markets and investment, the economy and macroeconomics, sales and marketing, developing a business plan and building a brand. These are all things that can make a real difference in your role an an employee or in creating your own business and will be very beneficial to you over the course of your professional life.
An MBA is a long term investment. If you are simply looking to make more money quickly, it may not be the right choice for you as it will take time and patience for you to receive any financial reward. If you are thinking long term and have hopes to one day have your own company or become a management figure in a large company, an MBA is a good option for you.
Have you completed an MBA in America? Do you have any advice for someone thinking of doing an MBA? Let us know in our comments section.
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