Harvard Business School (HBS) welcomed its largest MBA cohort in school history this past year. Harvard Business School What HBS Admissions Officers Say About The MBA Application Next Page: What Harvard Business School admissions officer say about the MBA application. Sources: Stacy Blackman Consulting, Fortuna Admissions “Europe has an advantage over the US in the fintech industry because the US must contend with legislation that varies by state and can be an impediment to digital banking.” “London is considered the fintech capital of the world because of the banking passport legislation that governs Europe and standardizes products across 27 countries,” Blackman writes. While the US has a stronghold in the technology industry, experts say Europe is the place to be if you’re intent on landing a job in fintech. “An MBA in Europe suddenly seems much more attractive.” “This is incredibly valuable at a time when the US’s political climate, and recent H1B Visa restrictions, have deterred some internationals from venturing to the US,” Blackman writes. The UK, however, offers a two-year, post-study work visa for international students who graduated in summer 2021 or later-something experts say make it easier for new MBAs to find jobs. “In a study that SBC conducted across its EU applicant pool, shorter duration and lower tuition costs were reasons endorsed by 48% of respondents,” Blackman writes.Īmerica’s stringent H1B Visa restrictions can often be a big deterrent for international applicants. In Europe, MBA programs generally yield shorter time to completion and lower tuition when compared to American MBA programs. Stacy Blackman, founder of Stacy Blackman Consulting (SBC), recently discussed a few of the top benefits behind pursuing an MBA education in Europe.įor many, the biggest benefit of a European MBA is the return on investment. But what exactly is the draw behind a European MBA? LBS’ London campus is on the doorstep of Regents Park Here’s Why You Should Look Into A European MBAĮxperts say now is the ideal time to pursue an MBA in Europe. At UCLA, where on-campus parking spaces are sparce, students used to be able to enter a lottery to secure parking. Many campuses offer limited on-campus parking with hefty fees. Having a car isn’t necessary at many B-schools, but for those who do choose to drive, the costs can add up quickly.
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Joining clubs is typically viewed as a necessary expense as it helps students learn how to make themselves more attractive to recruiters and offers valuable networking opportunities.” “These grads describe club dues of $100 and up, which could total $1,000 or more depending on the number of groups a student joins. “Not at all in the same five-figure league as travel expenses, but still significantly expensive, several recent MBAs mentioned an unanticipated cost was club dues,” Lowengard writes. These trips offer a ton of value you can’t get anywhere else.”Īnother aspect of the MBA experience is clubs and organizations. “Anyone can pick up a textbook or explore business theory online. “I would say the travel was one of the primary value propositions offered by our program,” Zhou tells Fortune. However, these trips, in many ways, are the core value of the MBA experience. According to WeTravel, a platform for trip organizers founded in 2015 by three Berkeley Haas grads, 2019 MBAs spent nearly $21,300 for 13 trips over the course of two years. Those shared experiences, however, can add up in cost. “At the end of the day, it’s about shared experiences, and these trips create strong enduring relationships,” Lex Zhao, an MBA grad of the University of Chicago Booth School of Business, tells Fortune. One of the main reasons why people pursue an MBA education is to make important connections. Fortune’s Mary Lowengard, recently discussed a few surprising expenses that play into the high out-of-pocket cost of an MBA education. Tuition, while certainty the largest expense, is only a portion of the total cost, however. The average total cost of an MBA from a top-25 B-school lands at $199,544-an increase of roughly $4,000 from 2020.