MBA in UK vs MBA in USA - What to choose and Why?

Monday, Dec 26

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The search for the best MBA programme for you might be intimidating. You rapidly learn from your initial web research that the US or the UK are the top study destinations for studying an MBA.

Making a choice between the UK and the USA could be difficult given that both have outstanding MBA histories, whether it be in terms of academic standards, ROI, or post-study employment chances.

You might even be tempted to believe that, ultimately, it wouldn't matter whether you obtained your MBA in the US or the UK. However, that is not the case, as there are several benefits of pursuing an MBA in the US vs the UK.

 

1. Entrance requirements

Various universities may have different requirements for admission. The following are the requirements you must meet in order to study at either of the locations:

 

Country

 

Undergraduate Requirement

 

GMAT Score

 

Work Experience

 

TOEFL/IELTS  Score

 

UK

 

3 years UG study at an accredited institution

 

680-690

 

2-4 years

 

Required

 

USA

 

4 years UG study at an accredited institution

 

720-730

 

3-6 years

 

Required

 

2. Method of education

The educational system in the UK rigorously follows the classical curriculum, which places a greater emphasis on theory than on practical application. This gives you the freedom to select from a wider range of topics that you might find fascinating.

Students who pursue an MBA in the USA, on the other hand, have the option of gaining real-world experience. You will still have the freedom to venture into history, the liberal arts, etc. There is also room for networking and research. In order to further their education, students are offered guest lectures and seminars.

 

3. Living expenses and part-time employment

The cost of living varies depending on your lifestyle, region, and the university or programme you choose. While housing and tuition are the two biggest costs, you also need to factor in transportation, utilities, and food. The ideal option to cover your expenditures is to work full or part-time while on vacation (if allowed). The average costs are as follows:

 

Country

 

Tuition Fees

 

Accommodation

 

Visa Fees

 

UK

 

$10,000 to $15,000 per year

 

$10,000 and $15,000

 

$310

 

USA

 

$10,000 to $15,000 per year

 

$2,500 to $5,000

 

$510

In the United States, part-time employment is permitted at all institutions. You can only work on-campus for 20 hours per week for the first year of your F-1 visa status. Then, you are permitted to work a maximum of forty hours per week for your first summer break.

After a year, you can find employment outside of campus. However, bear in mind that the US Citizenship and Immigration Service has issued tight standards for this, which you must review while seeking a job.

 

4. Jobs availability and expected salaries

One of the most popular career paths today is to pursue an MBA abroad. In addition to preparing you for a management role right away, it also pays well.

 

Country

 

Annual Salary of an MBA Graduate

 

UK

 

$65,000 and $85,000

 

USA

 

$80,000 to $1,20,000

The MBA is a rigorous degree, so keep that in mind. Thus, the type of job you obtain and the salary you receive are determined by both the college you'll graduate from and your employment history.

 

5. Duration

The majority of MBA programmes in the UK are of 1-year duration, with the exception of those at London Business School, where the duration are between 15 and 21 months.

The average MBA programme in the US lasts two years. A part-time MBA programme, however, might last for about three years.

 

6. Immigration laws and work permits

You should stay informed because immigration laws in the UK and the USA are liable to change on a regular basis.

When it comes to granting international students visas, the USA is more restrictive. Your chances of entering either country, though, are essentially the same because the competition to enter the UK is so much greater.

It's necessary to keep in mind that

  • You are granted a visa good for 16 months for a one-year programme in the UK. But under the new points-based immigration system, students are permitted to remain in the UK and work for two years regardless of the kind of employment or wage.
  • If they believe you intend to remain in the US following your studies, they may reject your application for the US. However, you have three months to hunt for work after receiving your degree. Following that, you may remain and do business for a year.

 

Conclusion

The UK and the US are both fantastic places to earn an MBA. However, you should always take into account your job goals, demands, and priorities when choosing between two similarly good solutions. The person who will ultimately gain the greatest benefit from an MBA degree, whether it is from the UK or the USA, is you.

 

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