STUDYING AN MBA IN A TROUBLED ECONOMY
Economic troubles in the eurozone and beyond are dominating headlines around the world. But that’s not to say that it would be a mistake to study an MBA in any of those countries, or others affected by the ongoing global economic troubles.
In fact, in many instances it can be a benefit to MBA students. While his school is based in Germany, which boasts the strongest economy in Europe, Nick Barniville, director of MBA programs at ESMT European School of Management and Technology, explains two important benefits of studying an MBA in a country with a troubled economic outlook. “Firstly, it will be cheaper to live there than during a boom and secondly, the lateral thinking promoted by an MBA program may allow optimistic MBAs to see opportunity where others see gloom. The experience MBAs gain in the area of strategic innovation, creativity and business modelling can equip MBA graduates to take an early advantage of green shoots in the economic recovery.”
Another benefit is the opportunity 48
to study, and learn from international events as they happen.
“One of the benefits to studying in a country with a depressed economic outlook is that the students can have a close perspective of the effects the economic troubles can have on the country,” explains Itziar de Ros, MBA admissions director at IESE Business School in Spain.
These live, as it happens case- studies can then be brought into MBA classrooms, helping students to analyze globally significant economic issues that affect worldwide trade and business.
“The debate going on in Spain about
how to revitalize the country’s economy, how to fix its financial
system, and how to promote innovation feeds directly into our MBA classrooms,” IE Business School’s dean of programs, David Bach tells
TopMBA.com.
However, it’s not just Spanish business schools that are able to offer their MBA students insight into economic recovery. Countries in all corners of the globe are being affected by the ongoing difficulties, and as a result, international MBA perspective on events can be immensely useful for class-study.
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