The MBA qualification was invented in the USA more than a century ago, and the USA still boasts five of the top ten business schools in the world. However, as of recently, European business schools are on the rise, and Europe is becoming an increasingly popular destination for international MBA students. Is a new trend taking shape?
Top business schools in Europe have reached the same level of quality as their American counterparts. Still, the European MBA experience is quite unique. What benefits can a European MBA offer to students?
The most obvious difference between the European and the American MBA programs is in their duration: it takes much less time to obtain an MBA degree from a European business school. Generally speaking, an MBA course in the USA takes two years to finish, while in Europe an MBA can be finished in only twelve months, or less.This way, an MBA student can return to the workforce faster, which brings significant financial savings. Additionally, many European MBA courses can be studied part-time. This alone makes studying in a European business school more attractive for many MBA hopefuls. However, the curriculum is basically the same as in the USA: a European classroom experience can be quite intensive!
The schools, and the classes you attend while studying in Europe, are smaller than in the USA. Smaller classes provide both an opportunity for students to learn from each other, and better interaction between students and their professors.
The average age of MBA students in Europe is higher than in America. That translates into longer work experience requirements, though. The median work experience for European MBA students is about seven years.
European business schools offer a truly international experience: in the top schools, more than sixty percent of students come from abroad! And, the old continent is inherently multicultural, with its mixture of nationalities, languages and customs.
Most European MBA programs are either taught in English, or are bilingual. Earning their MBA degree in Europe gives students an excellent opportunity to develop their foreign language skills, or even learn a new language.Studying in Europe, an MBA student can develop international professional networks, and prepare for a global business career. That’s why multinational businesses recruit heavily on European MBA campuses.
While an MBA from an American business school still holds its value, for many reasons, MBA students will continue to look past the top universities located in the USA. The number of triple-accredited business schools in Europe is growing. Graduates holding a European MBA are reported to have higher median starting salary than their USA counterparts. There may indeed be a new long-term trend emerging.