Researching about top Business Schools should be the most important activity in your MBA application process. If you get this process right, then all your efforts in GMAT Preparation, Essay Writing & Editing, Interview Preparation, and coordinating Recommendation Letters will fall into place.
In this deep dive into the factors to consider before choosing an MBA program, we cover:
1) Post-MBA Goal
2) Location
3) Duration
4) Culture
5) Feasibility
6) Ranking
7) Curriculum
8) Experiential Learning
9) Class Diversity
10) Alumni Network
11) Post-MBA Salary and Increase in Salary
12) Alumni Feedback
13) Career Service
14) Accreditation
Subscribe to F1GMAT's Career Planning Service to find the best MBA program for you
Quality of Life: Another reason many of you should consider the post-MBA location is the quality of life. Once you parse beyond the holiday destinations in Europe and research seriously about countries with world-class universities and Business Schools, a few economies stand out.
Quality of Life Ranking – Top Economies (with world-class Universities)
5. Australia
7. Germany
15. United States
18. Spain
20. Portugal
22. United Kingdom
23. Canada
26. France
30. Singapore
Despite an inefficient healthcare system, United States is ahead of Canada, the UK, France, and Singapore by a big margin. Only Australia and Germany are ahead but is no match to the opportunities in Consulting, Technology and Finance that the US offers.
Purchasing Power: For the self-funded or those who are raising funds, be realistic about the ROI. It would take at least 3 years to get an ROI on your MBA program. Another important factor when choosing the post-MBA location should be purchasing power.
Read: MBA Selection Criteria
