MAIT is a good college for MBA
MBA in the USA
The USA is not only a fascinating travel destination, it also offers almost unlimited possibilities when it comes to studying. The large number of excellent universities makes the United States the most popular country for international students to study abroad. Thousands of young people are drawn to North America every year for an MBA in particular.
Advantages of an MBA in the USA
The road to an MBA in the USA is rocky, but worthwhile. It is not infrequently the foundation stone for professional success.
The USA is considered to be the cradle of the MBA. In the meantime, the Master of Business Administration has been there for around 100 years. So it's no wonder that US universities set the tone when it comes to management education.
But apart from that long tradition there are numerous other reasons for doing the MBA in the USA:
- Acquisition of a prestigious degree: According to MBA rankings, MBA programs in the US are among the best in the world
- Improved networking opportunities through large alumni networks many US universities
- International curricula and a high proportion of international lecturers
- High practical relevance (many lecturers with top positions in business)
- High average salaries for MBA graduates
- Often internships at large US companies during your studies
- Improved entry opportunities in the North American job market
Structure and content of the MBAs in the USA
The classic MBA in the USA lasts two years and thus one year longer than European MBA programs. Usually it is Full-time programswhich at most universities are divided into two parts.
The first phase of the study serves to acquire general management knowledge (General management) from areas such as business administration, marketing or finance and accounting. In the second phase of the MBA there is usually one large number of elective courses, from which the students can freely choose and thus set priorities. You can choose from sectors such as the health sector or individual work areas such as e-commerce or international business.
The ratio of compulsory and elective courses differs from MBA to MBA and from university to university. In some degree programs, participants have the option, between study phases To complete an internship and thereby come into contact with potential employers.
The aim of the MBA programs in the USA is to provide students with specialist business knowledge as well as management skills and elementary soft skills. At American business schools, a lot of emphasis is placed on one practical and compact training placed. During the MBA course, the participants learn to solve tasks under time pressure and to work out solutions for real case studies in a team. The course is usually tightly organized in terms of time and content.
Variants of the MBA in the USA
In the last few years there has been an increase in parallel to the classic MBA programs shorter study programs originated with a less extensive program. They usually have one Duration from 12 to 18 months. The participants acquire general management knowledge in a condensed form and do not complete an internship during their studies.
In addition, there is the possibility especially for working people to apply for a Part-time MBA to apply in the USA. The course usually takes between three and seven years to complete. In some cases, it is also possible to acquire the MBA in a distance learning course. Important note: Since an F1 visa is tied to full-time study in the USA, it is important to clarify in advance to what extent you will be able to participate in one Part-time MBA is possible.
Many US universities also offer a so-called Executive MBA on, EMBA for short. With this, they target themselves specifically Managers with several years of professional experience. The EMBA is intended to make it possible to practice the profession parallel to studying, which is why it is mostly part-time programs. The courses take place in the evenings or on weekends.
Quality of MBA Programs in USA
The decisive characteristic for the quality of the MBA program in the USA is the official accreditation. This is intended to ensure that the course content, the teaching staff and the study programs meet certain standards.
The accreditation decides whether the MBA acquired in the USA is internationally recognized. It should be noted that not all accreditation institutions are equivalent and are recognized by the German Ministry of Culture. The world's largest and most important state-recognized accreditation agency for MBA programs in the US is the Association to Advance Collegiate Schools of Business(AACSB).
Eligibility criteria for the US MBA
Classically the MBA was aimed at Graduates from non-economics subjectswho wanted to acquire extensive business knowledge. However, many economists are now also opting for an MBA in the United States in the hope of advancing their careers. In order to acquire the coveted degree, however, you first need a confirmation from the university of your choice. The following entry requirements usually apply to MBA programs in the USA:
- First degree (Bachelor) and good grade point average
- Several years of professional experience, especially for an EMBA
- Good test results in General Management Admission Test (GMAT)
- Reference letters
- Good knowledge of English, proven by a standardized language test such as the IELTS or TOEFL
The U.S. bachelor's degree typically takes four, not three, years to complete. Therefore, in case of doubt, the US universities check whether the achievements in the first degree qualify for participation in the MBA program.
Some universities also require one or more as part of the application process Application essaysin which applicants should convincingly demonstrate their motivation for studying for an MBA in the USA. Certain stylistic and formal criteria have to be taken into account.
MBA in the US: Cost and Financing
A Master of Business Administration in the US is not an option for students looking for an affordable way to study. The tuition fees for the MBA in the US start at around US $ 40,000 and are included in higher-ranking business schools up to US $ 120,000. In addition to the cost of the MBA, there is also the cost of living in the United States. Since graduates from top schools in particular can significantly increase their career opportunities with an MBA, the investment is still worthwhile in many cases.
Many students finance their MBA in the US through a mix of personal savings, scholarships, and a loan. The following financing options are generally available to MBA students:
Good to know: The costs of the MBA course may be subject to taxes deducted as training costs. There is also the possibility that the employer covers the costs of the MBA course, especially for part-time programs. In return, the employee often undertakes to work for the company in question for a specified number of years after completing their studies.
Another option, how the tuition fees can be at least partially covered, is set Assistantship This is comparable to the position of a research assistant or assistant teacher at German universities. Students have the opportunity to work on campus for up to 20 hours a week parallel to their MBA studies.
All about entering the USA
For an MBA in the USA, an F1 student visa is required, which must be applied for at the American embassy.
Comprehensive health insurance is also required for an MBA in the USA. Lots American universities offer fixed at enrollment Insurance packages at. Under certain circumstances it is possible to bring along a foreign health insurance taken out in Germany instead.
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