International Business School Apps Drop
August 10, 2009 by Miranda Marquit
Filed under Finance
In an interesting twist, BusinessWeek is reporting that international applications to U.S. business schools is dropping . This year, applications have fallen by 30%. That is a rather large drop in applications. Clearly, the U.S. is becoming less desirable as a destination for business students. Two of the reasons offered by BusinessWeek include:
- Tighter visa requirements for international students wishing to study in the U.S.
- Competition from overseas business schools .
The trend is somewhat alarming from a business standpoint. This is because the U.S. has benefitted from its ability to draw the brightest business minds from around the world. Even those who return to their countries of origin go back having been exposed to U.S. business culture and practices, offering the chance for America to exert a little more indirect influence over other countries.
However, since the U.S. is not as welcoming to business students from abroad anymore, and since other countries are seeing more prominent business schools, it is clear that our influence may begin waning. In order to remain a corporate leader, the U.S. needs to reclaim its place as a premier business educator.
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A Master’s Degree: The Quintessential Career Booster
Opting to delay your entry into the workforce and enhancing your skills by pursuing a master’s is a sure-fire investment into your future
Landing your dream job after graduation sounds like a Hollywood fantasy movie plot. If it sounds too good to be true, it usually is. Waiting years before achieving a career milestone or taking a detour from your desired career track is the norm.
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The crunch effect
The recession appears to have created a buzz about further postgraduate study. Indeed there has been a sharp increase in the number of applications for master’s degrees – people are trying to make the best of the economic crisis, and enhancing their employability for when the economy rebounds.
And the good news is, the job outlook for graduating master’s students is looking very positive. CollegeGrad.com, the number one entry-level job site in the US, reported that employment opportunities for those with a master’s degree were expected to soar by 22 per cent over a year. In addition 59 per cent of companies participating in one of its surveys were preparing to hire more master’s graduates in 2008 than 2007. Heidi Hanisko from CollegeGrad.com said: “Those with master’s degrees offer a level of education that can be the equivalent to as much as two or three years of experience in the field. Employers find that master’s candidates have a greater level of technical and field expertise that can bolster a company’s competitive stance in the industry.”
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Journey to the top
There is little point in beating around the bush – business today can be cutthroat and ruthless. We, at Hult, are only too aware of some of the challenges that face recent graduates. We have been educating business leaders since 1964 as the Arthur D. Little School of Management, and we evolve our courses to fit with global demands and circumstances.
Our Master of International Relations is a perfect example of this. The field of International Relations continues to develop rapidly in response to dramatic global changes. Students of this program will develop the skills to analyze these issues, and learn how to shape institutional responses to global change.
Furthermore, unlike many master’s courses, our Master of International Business has been carefully crafted to meet the requirements of recent graduates, without the need for extensive work experience. Following our top-ranked MBA curriculum, graduating from this course will open numerous doors at a variety of multinational companies.
Your career progression
Many students embark on a master’s in the hope they will take on a lucrative position following graduation – they are not wrong. According to QS, a leading network for people in higher education, evidence that students with master degrees earn more than those with undergraduate degrees is rife. The QS International Recruiter Survey 2007, an annual survey involving 498 international employers in North America and Asia, illustrates that the salary difference between an employee with an undergraduate degree and a postgraduate qualification can be as much as 71 per cent.
A school in the know
So why choose Hult International Business School to take your master’s? Despite being an American school, we have campuses in four business hubs – Boston, London, Dubai and Shanghai – giving you the chance to transfer between locations. This has lent to our student body being truly international. Students flock to Hult from North America, Asia, Europe, Latin America, Africa and the Middle East – from more than 60 nations to be precise. It really is the quintessential platform to profit from and learn cultural sensitivity, something which is becoming increasingly important in today’s business market.
We also pride ourselves on our global faculty with outstanding academic credentials combined with real-life experience, as well as our expert career services team. Not only that but a Hult degree opens graduate career opportunities in a wide range of companies, who in the past have included JP Morgan, McKinsey & Co, Johnson & Johnson, Master Card, PWC and Procter & Gamble.
We are determined to give you the precise and comprehensive foundation so desired in your career choice. Whichever course you opt for, you can be certain of one thing – completing a master’s degree at Hult International Business School will boost your career prospects and, without question, differentiate you from thousands of others in the race for a successful career.
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