US is the most preferred international study destination among Indian MBA aspirants

The US industrialized in the late 19^th century and companies needed scientific approaches to management, and so, the MBA was born. Known as the Master of Business Administration, it was established in 1908 by the Harvard Graduate School of Business Administration. The course spread worldwide and has become one of the most sought-after master's degrees in the world. But the MBA still flourishes the most in the US with students from around the globe seeking courses on American ground.

A wide variety of students and employees aspire to complete their MBAs for different reasons.

• Career enhancers - who seek a rewarding job position or are looking to improve their current position and earning power in their field.
• Career switchers - who are looking for better career prospects.
• Aspiring entrepreneurs - looking to gain knowledge and improve their skills to be successful entrepreneurs.

Students who pursue an MBA usually know what they want to achieve and where they want to be in the future. They are well aware of their career goals. Very few students who don’t know why they want to pursue an MBA slip through the admissions process in top B schools. Either way, your path in an MBA is what you choose to make of it. It has a lot to offer in both your career and personal life. Apart from paving a good career path, it enhances your knowledge and helps improve your thinking, decision making, cognitive reasoning and skills. MBAs can bring out a number of skills like leadership, problem-solving, analytical skills, interpersonal skills and teamwork. To ensure they get the most out of their investment, students look for top B-schools in the best countries to pursue their MBA.

_DL_GUIDE_WIDGET_

In India, a large number flock towards an MBA and are quite fixated on studying abroad. Going abroad exposes them to different cultures, enhances their global experience and brings about independence. When it comes to Indians seeking MBAs abroad, US tops the list! According to the mba.com Prospective Students Survey 2015, 53% of Indian students prefer to study in the US, while 7% aspire to study in the UK. The remaining 21% pursue their education in their homeland. Though India is ranked among the top 5 MBA destinations now, many students find the US more luring with better programmes and future prospects. There are students who join universities in other countries like Canada, Australia and Singapore, but the percentage is extremely low when compared to the US Taking into consideration resources, infrastructure and opportunities, the US ranks number one amongst other countries. The spoken language also influences students’ choices dramatically. As the US is English speaking, Indian students will not face a language barrier as opposed to other countries where regional languages are more predominant.

Admission into the US entails more than just GMAT/GRE scores. Entrance exam scores are only a third or fourth component in an MBA application. US business schools give importance to previous universities attended, work experience and a lot of attention is given to the essay and recommendations. American universities have accepted that it is not just numbers and professional aspects that make a person. Their admission committees want to understand applicants beyond professionalism and bring out the leader in them while getting to know their personal side as well. Global diversity is a key criterion in MBA admissions abroad. Since there are so many Indians applying to the US, students need to be unique and differentiate themselves from others in order to avoid rejection.

With the recent revision in the visa regime in the UK and growing uncertainties of job opportunities for foreigners after their MBA, England has become a less sought after place. It still has great MBAs to offer from top universities, but the flock is more apprehensive about what happens after the course. In the US on the other hand, the visa rules are found to be a little more relaxed. Even with the recent economic crisis and reduced job opportunities, well-deserving students can secure opportunities for work even before the course is over.

The cost of education is ever increasing both at home and abroad. So students who are determined on their choice find ways to fund their education through loans, grants, scholarships, or parental help. Though studying abroad encompasses added costs of boarding and providing for themselves, it also gives them opportunities to work small part-time jobs and earn money to sustain themselves and help pay off their loans. The highest average salary paid to MBA graduates is offered by employers in the U.S. and Canada amounting to a total of US$109,191 including bonuses. So the return on investment is quite high in the US Although one must take into account that the return on investment in an MBA is not only monetary. An MBA improves your financial management as well as a cluster of other skills for a lifetime.

The US has a number of Universities that offer excellent MBA programs. According to the Financial Times "Global MBA rankings for 2010," five of the top 10 programs were based at US universities. Forbes lists the top B schools to pursue an MBA in the US as:

• Stanford Graduate School of Business
• University of Chicago - Booth School of Business
• Harvard Business School
• University of Pennsylvania - Wharton School
• Northwestern University - Kellogg School of Management
• Dartmouth College - Tuck School of Business
• Columbia Business School

What’s attractive about studying in the US is the quality of the programs they provide. The system is based on theory as well as hands-on practical dissertations. As an MBA enables you to network with a range of professionals, professors and other aspiring graduates, the US seems like the most ideal place to jumpstart a great career.

Source: QS

If you are looking for an MBA at a top US Business School, the QS World MBA Tour Premium is the right place for you. You will have the opportunity to meet face-to-face with admissions directors from top-ranked American MBA colleges and attend bespoke presentations in India from 1^st to 8^th August in a city near you.

To register online, please click here: www.topmba.com/shiksha