What makes a European MBA so appealing?
As the world of business grows more global, you may wonder if you should pursue an MBA in Europe. Business schools in Europe have developed an excellent reputation throughout time. Top European universities have worked hard to develop wide global perspectives curriculum. In terms of rankings, premier European programs are on par with many top American ones. Candidates with foreign experience outperform those without, according to recruiters. Here are ten reasons why studying in Europe in 2022 is a smart option.
Complete an MBA program in one year
In most cases, if you elect to study full-time, an MBA in Europe may be completed in one year, as opposed to two years in the United States. The MBA program can run up to 18 months at some business schools or depending on the sort of MBA program you choose (some of the specialized MBA programs can last longer than one year).
2. Choose from a wide variety of MBA specializations
In comparison to American business schools, Europe offers a bigger number of MBA programs, giving students a wider range of options. Furthermore, MBA programs are more diversified in terms of content and specializations, and they attempt to incorporate new topics on a regular basis to keep up with the newest trends in the global job market.
Take a glance at a few of these popular and unique MBA programs: International University of Monaco, France, Sustainability Management School, Switzerland, and Maastricht University, Netherlands.
3. Reasonably priced MBA tuition
Despite the fact that MBA tuition rates are increasing somewhat each year, European business schools remain more affordable than American business schools. Tuition at business schools across Europe ranges from 9,800 to 35,600 euros. Fees for executive or international MBA programs may be higher. In Europe, students can also find effective ways to fund their business degrees.
4. Develop an international mindset in business
One of the most important advantages of MBA programs in Europe, even those that specialize in a certain sector, is that they teach a global perspective on business issues and how to approach any challenge, business process, or ultimately help a company expand.
Whether you choose to focus your career in Europe, the United States, or Asia, the information you obtain with a European MBA degree will provide you with the necessary abilities to reach any professional objective. A European MBA essentially equips you for successful business in any foreign location.
Various types of MBA programs, known as specialty MBA courses, are offered by business schools around Europe, including: MBA in Marketing, MBA in Finance, MBA in Human Resources, and MBA in Project Management. Read our blog post on Other Graduate Degrees To Consider (MF, MFE, MiM).
5. MBA classes have a small number of students
In Europe, business schools typically have roughly 120 students every year. The 120 students are divided into groups of roughly 30-35, which may seem little, but it is adequate for them to receive individualized attention while also gaining significant practical business knowledge.
6. Establish a global network
In terms of student nationalities, European business schools attract a diverse group. Students from Belgium, the Netherlands, Italy, China, and even the United States attend French business schools, for example. Around 10-15% of American students study for an MBA in Europe.
Pursuing an MBA in Europe allows you to study at some of the greatest business schools in the world, which can only be seen as a huge benefit for future professionals looking to network with individuals from all over the globe. You have the possibility to establish an international network that might lead to a successful commercial collaboration in the future. Furthermore, you will gain a better understanding of other cultures and how they conduct business.
7. European MBA degrees are unique
MBA programs in France
You can discover this possibility in a European business school if you're interested in becoming an expert in some distinctive and exciting commercial industries like fashion, luxury products, or even fine wines. As you may expect, French business schools are experts in these areas.
MBA programs in Switzerland
In Switzerland, you can apply for MBA programs aimed at international government and non-governmental organizations, such as the University of Geneva's International Organizations MBA.
MBA programs in Spain
Spain's business schools are noted for their creative teaching methods and for offering new MBA programs on a regular basis. Furthermore, Spanish business schools are noted for being among the few to include social entrepreneurship concepts in their curricula. As a result, future managers will be trained to focus not just on profit, but also on community service.
MBA programs in the United Kingdom
MBA programs in the United Kingdom are popular because they meet the same academic standards as local universities. Many firms want graduates from UK business schools, and these institutions claim that their MBA students' employability rate is often greater than 90% in less than a year after graduation.
8. The chance to study a foreign language
Except for MBA programs in the United Kingdom, pursuing an MBA degree in another European nation allows you to not only learn about a new culture, but also to study or brush up on your language abilities.
Whether it is French, Spanish, German, or any other language, further foreign language abilities are unquestionably advantageous in the ever-changing globalized corporate environment.
9. Multinational corporations continue to hire MBA graduates from Europe
MBA programs, on the whole, offer a strong assurance of high employment for its graduates. Because European MBAs provide a holistic perspective and instruction on global business issues, they are certain to enhance job prospects not just in Europe, but around the globe.
An MBA at a European business school may lead to jobs with huge worldwide companies like Google, Accenture, and KPMG, to mention a few. According to Bloomberg data, these firms, together with Deloitte, Ernst & Young, and consulting firms such as McKinsey, Boston Consulting Group, and others, recruit the most European MBA graduates.
MBA graduates from Oxford Said, IESE, and IE are particularly sought after by consulting firms. If you want to work for one of these organizations in the future, an MBA from a top European business school should suffice.
10. Which one of Europe's top business schools should you attend?
Now that you know how an MBA in Europe might help you in a variety of ways, you might want to check out the Financial Times' ranking of the top 10 finest business schools.
However, use this list below as a starting point for your research and analyze schools based on your personal criteria. Here is a breakdown of the MBA application procedure for each business school.:
INSEAD (France): INSEAD MBA Overview, Job Description Essays, Motivation Essays, Is INSEAD the Right School for You?
London Business School (UK): London Business School MBA Essay Tips
University of Cambridge Judge (UK): Judge MBA Essay Breakdowns and Tips
University of Oxford Saïd (UK): Tips for Writing the Oxford Saïd MBA Application Essays
HEC Paris (France): HEC Paris MBA Essay Tips
IESE Business School (Spain): IESE MBA Application Essays and Tips