For past many years, USA and UK have been the two most preferred destinations among Indians seeking to get an MBA degree from abroad. However, with the changes in the political scenario in these two countries, things seem to have changed a bit.
According to a report in the Times of India, a recent study states that the percentage of those non-US nationals who are now less likely to study in the country has grown from 35% in November 2016 to 43% in April 2017. With Brexit also having a negative impact on Indian students, 58% students are less likely to go to the UK.
“Since November 2016, a growing share of international candidates say they are now less likely to pursue a graduate business degree in the US due to the presidential election results,” states the survey.
Countries like Australia, Germany, Canada, New Zealand and Canada are becoming favourable destinations among the management aspirants. As per the Graduate Mangement Admission Council (GMAC) survey, there has been a rise in the number of prospective business school students wanting to apply outside their home country, with 44% in 2009 to 59% currently.
Due to the constant increase in the MBA fees, two of the most important factors for prospective management students when applying abroad are total tuition costs and scholarship availability. According to the survey, “As compared with 2009, candidates, on average, expect to cover a greater share of the cost of their education with grants, fellowships, and scholarships and a smaller share with parental support, loans, and employer assistance”.
Dean of the School of Professional Studies at Northwestern University in the US, Thomas F. Gibbons, had recently said that the enrollment of international students has substantially gone down in US universities.