UPTREND OF FOREIGN BRANCHES OF AMERICAN COLLEGES

International students are less likely to seek an MBA in the United States, but seek an American MBA in foreign branches of American colleges. The U.S. remains the preferred destination of prospective business students worldwide, despite half of the top B-schools in the world being located in other countries according to the latest Financial Times rankings. But a shift has been occurring, and the U.S. is losing ground, due to Donald Trump’s election as President last November and his pursuit of stricter immigration policies.

The Magnificent Seven need no introduction. Harvard Business School, Stanford Graduate School of Business, the Wharton School at the University of Pennsylvania, the University of Chicago’s Booth School of Business, Columbia Business School, MIT’s Sloan School of Management, and Northwestern University’s Kellogg School of Management are the cream of the business school crop. M7 is the Holy Grail of the MBA Kingdom. Every year, thousands of applicants will apply to the M7 schools, and most will fail to crack the code, because these schools are the most selective in the B-school landscape.

Two years at any of the M7 schools will set a student back about $200,000, but there are many scholarships from alumni and employers. M7 attracts the most talented students and faculty, and certainly the most corporate recruiters offering the most sought-after jobs. M7 also boasts highly achieving alumni and valuable networks in nearly every walk of life. You could achieve similar education is less known schools, but the job offers will be much lower. For example, Webster Athens has an excellent MBA program.

There’s actually a rising share of prospective students planning to apply outside their home countries. 59% of survey respondents indicated an intention to apply outside their country of residence, up from 44% in 2009. But they are looking elsewhere, not at USA, for their preferred destination.

Webster Athens is dedicated to fostering a campus culture that embraces and celebrates diversity and inclusion, and promotes international understanding and appreciation. Preparing students for effective, responsible and dynamic involvement in the modern societies in which they live and serve, and for excellence and leadership in their personal and professional lives. The campus is located in Athens, Greece – in the historic district of Plaka. Your Global Learning Experience begins in Webster Athens.

If those stated intentions become real, the coming 2017-2018 admissions season for leading school could mean there will be less competition for domestic applicants to the very best schools for the first time in many years. After last November’s U.S. presidential election results, a growing share of international candidates say they are less likely to pursue a graduate business degree in the U.S. A short-term or reversible trend might diminish with time, but between November 2016 and April 2017 the percentage of non-U.S. citizens who say they are now less likely to study in the U.S. has grown from 35% to 43%.

Whether your interest is management, marketing, or communication, you will be an active learner at Webster Athens.  The classrooms give many hands-on experiences in various cases, and the location in the capital of Greece provides plenty of internship opportunities. With a low student-to-faculty ratio and average class size, Webster Athens makes business education personal. Faculty get to know students on a first-name basis and are readily available to help students when needed. Webster Athens is dedicated to excellence in business teaching, incorporating a global business perspective throughout the curriculum. Every step of the way, students receive the attention and support they need to thrive in business.

An additional survey of nearly 700 non-U.S. GMAT test takers who sent at least one GMAT score report to a U.S. business school in Q4 2016 shows that two in three (67%) would reconsider their study destination if they are unable to obtain a work visa after completing their degree. Work visas are a particularly important decision factor for Indian candidates, of whom 82% say getting a work visa after finishing school is a major factor when selecting a study destination.

Webster Athens offers a fantastic MBA program in a flexible structure which promotes academic depth and encourages business graduate students to explore diverse business interests. At Webster Athens, students have opportunities to build skills and competencies through study trips, conferences, and internships. On the campus, students study in a culturally diverse environment that will create a life-long international network.

USA is still the top destination of prospective full-time MBA students looking to study outside their country of citizenship, with 58% preferring to study there. But that number shrank from 61% in 2009, even as the number of non-MBA master’s degree seekers who prefer USA has fallen to 47% from 57%, indicating that a major shift in perceptions is underway. More reputable, quality programs are growing around the world, drawing talent that might otherwise head to USA.

Vasilis Botopoulos, Chancellor of Webster Athens, points out: As we look to the future one thing is certain – knowledge will be a key resource and will be highly sought-after around the world. Our challenge is to help to generate ideas that will benefit society, and to educate and train people to work in fields where they will be valued both for their specialized knowledge, and for their ability to communicate and solve problems. To meet these challenges we need to build on the alliances and collaborative partnerships the University has established with business, government, and other institutions. It is equally important that we keep close to our wider communities of interest. This will help to ensure the on-going relevance of our academic programs and the continued excellence of our teaching and learning.

Nearly three in five prospective business school students (59%) intend to apply to programs outside their country of residence. This represents a huge, essential source of tuition revenue for B-schools. And while most candidates seek study opportunities outside their country of citizenship to receive a higher-quality education (63% of respondents), to increase their chance of securing international employment (58%), and to expand their international connections (51%), fully one-third (34%) hope to seek employment in the country where they attend school. A country that posts a “Not Welcome” sign risks pushing away this influx of talent.

Botopoulos notes: The greater vision of Webster Athens is to build an excellent educational experience embodying mind, body and spirit through a variety of innovative undergraduate and graduate programs. We offer a solid intellectual foundation as well as an extraordinary opportunity for personal growth and thorough understanding of the subject matter. This is learning with ethos, authenticity, cultural understanding, ecological conscience, and service to others.

Canada is actually growing as a study destination. A lot of it is because they are more lax on visa policies for work and study. Canada has grown in preference since 2009 among people in Africa, Australia, Central and South Asia, even Southeast Asia. So even though the U.S. is still the top preferred destination, the election results have caused a decline, and Canada is picking up some of that slack.

Botopoulos says: At Webster Athens we cultivate and build the leaders of tomorrow.  It is our hope that our students and alumni, with ethos and filotimo, will inspire others to live their lives with dignity, integrity and compassion. I invite you to come visit our campus. If you seek learning in a way that is challenging, personal, and meaningful, we would love to have you as part of our community.

For more information, please refer to www.webster.edu.gr

 

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