FOUR KEY BENEFITS OF AN
AMERICAN MBA By J. Todd Rhoad - Author of the Henry Series for MBAs
The pathways to the MBA are almost endless but there is one corner of the world that provides a menu of options like no other. The United States is the largest MBA market in the world with over 125,000 MBA graduates each year, according to the US Department of Education. Americans pursue the coveted MBA for both increased salary and opportunity. The Graduate Management Admissions Council (GMAC) reported in their 2012 Global Management Education Graduate Survey that graduates averaged about a 70% increase in their post graduate salary. According to GMAC’s 2013 Corporate Recruiter Survey, three-quarters (75%) of companies have plans to hire MBAs in 2013. Obviously, these statistics are driving the demand for the MBA domestically but what factors would entice a professional from outside the US to consider a US- based program? For the record, about one-third of full time MBAs matriculating in most top tier US
MBA programs are foreign nationals. So what’s the appeal of US programs? To understand this, we knocked on the doors of a couple of US MBA programs to find out. Here are the four key attributes of the American MBA that make the American MBA worth the pursuit.
The Size of the American Economy
The US economy is central to the world’s economy. The US economy is over $16 Trillion, which makes it the world’s largest single national economy. “Many of the world’s biggest companies are headquartered in the US and that gives a significant advantage when looking for an internship or a full time job,” commented Mario Martinez Dubreuil, 2nd year Emory University MBA student from Peru. In fact, the United States has nine of the ten largest companies in the world and half of the world’s top fifty firms, represented by such giants as Apple, Exxon Mobil, Google, Microsoft and Johnson & Johnson. If
you’re not seeking the big business experience, the US also has about 30 million small businesses. The central feature of the US’s economy is the economic freedom afforded to these businesses to determine what the economy produces, spurring great interest in science and innovation without a lot of regulation by the government. However, when the government does get involved, an impact can be felt on international students. Consider the US’s Troubled Asset Relief Program, known as TARP, which was designed to free up the money market during a time of financial crisis. It basically banned US corporate participants from hiring international students. “Identifying companies which hire international students is a challenge, and can significantly hamper the recruitment process,” says Randolph Ng, a 2nd year Emory University MBA student from Singapore. While the TARP barriers have essentially subsided, the work Visa issues still pose a barrier to employment opportunities.
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