There are several excellent MBA programs outside North America. European Business schools such as London Business School in the UK, IMD in Switzerland, INSEAD in France, ESADE in Spain, and RSM Erasmus in the Netherlands immediately come to mind as some of the top ranked MBA programs in the world. Although the US remains by far the primary center for MBA study (about 83% of all the GMAT score reports worldwide are sent to US-based business schools based on the GMAC’s 07 data), Europeans are increasingly choosing to study in Europe outside of their home country while Americans also start to take a serious look at schools across the Atlantic. This tendency, however, has been balanced by Asians who overwhelmingly choose to study in the US.
Why then are more students now choosing to pursue their management education abroad in a different country in Europe? Many factors contribute to this trend, such as an interest in working internationally, an interest in a particular country, the desire to learn another language or to experience a different academic atmosphere. We also listed out some crucial benefits below.
Yet, studying abroad does entail certain challenges, and some candidates are more prepared to succeed in a different cultural context as a result of their personality and professional or academic background.
Factors to Consider – Pros
· Shorter Program: European programs move at a faster pace. They are generally 1-year long, so you need to be prepared to jump right into academic work. IMD, generally ranked as the #1 program in Europe, is a rigorous 11-month program in which students do not have the opportunity to pursue an internship. So you need to be a bit more focused in terms of post-MBA goals and career pursuits.
· More Experienced Classmates: Another important consideration in terms of matching your background with European programs is that the average student age and years of professional experience is higher at European schools than in US schools. Older candidates tend to find this attractive, while younger ones may feel slightly out of place or experience increased difficulty gaining admission.
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