Business aspirants have always wondered which one is better; UK or USA? Both of these countries are home to top business schools globally known for their education and benefits. On the one hand, where the USA has the top MBA programs globally, the UK has a specific aspect that fits the demand of millions of students. On the other hand, there is no denying that you would be set with your career choosing any. However, which ones are the best?
We cannot simply estimate business schools in both countries to conclude. Other things matter for an MBA. Global exposure, network, degree recognition, business industry, affiliations, specializations, etc. Hence, you need to know certain elements that direct your choice in given situations to decide.
MBA in UK & USA What to Look for?
While you search for an MBA program in the UK or the USA, your mind directly goes to the best possibilities. These are the top two counties that offer international MBA recognition everywhere. Having a business degree from leading UK and USA b schools is a testament to excellence. But you have to consider what your needs are. Even the #1 MBA program worldwide could be a second option because not every student desires an enormous degree.
The UK has always been known for its quick-paced MBA programs. When you complete a standard MBA degree in two-year, you can do it in one in the UK. There is no lack of specializations or anything in UK MBA programs. As per Financial Times 2020, Said Business School (Oxford University) reported up to 35% application growth for their MBA programs from the year 2019. The rest of the business schools in the country have almost identical records.
On the other hand, the USA has always been a center image for business courses. MBA from a top USA business school is most valued in terms of a degree. The country excels in all aspects of education abroad. In 2021, full-time MBA programs in the USA reported a 56% growth in URM applications compared to 37% in pre-pandemic 2019. Names like Harvard, Stanford, and Wharton represent MBA on a global scale. The USA has enough b schools to excel in this region.
MBA in UK & USA: Best Country
The most straightforward answer here could be; it depends. Generally, when students start a selection process, they think of the best options. However, those best options are set on some standards. For example, the budget, academics, alumni network, lifestyle, etc. Therefore, it’s essential to analyze your preferences before making this decision. There are thousands of consultant companies that run their business on this.
It can be tiring browsing through the options. But when it comes to choosing a country for your MBA, it should not be that tough. Instead, you need to focus on some universal but necessary points. If you are totally up to it, we got you.
Both the UK and USA are the most valued in terms of name. However, the fact remains that USA MBAs are much more acknowledged worldwide. The county is the biggest economy with the most prominent business industry. It’s only natural. MBAs from the UK are not inferior in any kind. It’s just that these are more meant to have a career in the European business industry. Outside Europe, they do not shine as much as USA MBA degrees.
The UK has always been known to offer specialized courses in every department. Instead of a standard two-year MBA, you will find one-year MBA programs that directly begin on your core electives. So you get a paced experience. MBA courses in the USA are designed to provide an overall development. It focuses on every aspect of the degree equally. In simpler terms, here, you get a more diverse degree.
Budget and Finance
When it comes to budget, pursuing an MBA in the USA can cost up to yearly tuition of 75 lakhs. The b schools there are filled with caliber and canary their names. But with hefty tuition, you get a significant ROI as well. The most expensive MBA degree in the UK is somewhere around 68 lakh annual tuition. The average rate also reflects the same difference. So if the budget is your biggest concern, you are probably good with the UK for an MBA degree.
Top Business Schools
The top business schools in the UK and the USA are more than just names. They are partnered with hundreds of organizations and universities from all over the world. So with an MBA degree obtained from any top b school in the UK or USA, you can quickly expect an easy way to your dream job.
Top b schools in the UK –
- London Business School
- Chicago (Booth)
- Oxford (Said)
- Cambridge (Judge)
- Imperial College Business School
Top b schools in the USA –
- Stanford Graduate School of Business
- Harvard Business School
- Penn (Wharton)
- MIT (Sloan)
- Columbia Business School
While there are many factors to consider before choosing a country for MBA, it depends on your needs and preferences. Maybe, your primary concern is the lifestyle in the UK or USA. However, remember to weigh more than one or two elements to make an effective decision. It’s never harmful to have a second thought.
Author Bio: Abhyank Srinet is a passionate digital entrepreneur who holds a Masters’s in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years.
Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MentR-Me, a one-of-a-kind portal with cutting-edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.