We recently discussed part-time MBA programs as an option for candidates who are unsure of whether a full-time program is the right choice for them. MBA candidates looking to broaden their business school choices could also consider European programs. Although many applicants who are competing for places at the top U.S. business schools are well aware of the strengths of the MBA programs at INSEAD and London Business School, even more options are available beyond these two, including IESE, ESADE, Oxford (Saïd), and Cambridge (Judge). These four schools in particular have been aggressively playing “catch-up” with their better-known brethren by raising funds and dedicating them to scholarships and to enhancing their global brands. Other candidates may also be aware that IMD offers a boutique MBA program with remarkable international diversity, highly regarded academics, and a strong reputation with international employers.
So, numerous options are available, and each can be explored on its own academic merit. But is earning your MBA in Europe, in itself, a good choice for you? For many applicants, the key issue is where they would like to be after completing their education. If you hope to work in Europe, these schools clearly offer an advantage over all but the top five or six U.S. schools—Harvard Business School, for example, can probably open as many doors in Europe as INSEAD can. However, if you hope to work in the States, the European schools will not provide the pipeline of opportunities that a top-ranked American school could, particularly for candidates who are targeting a niche industry or a company that is not a well-known international brand.
Still, beyond the employment picture, studying abroad offers intrinsic value. Spending two years in London, Fontainebleau, or Lausanne could certainly be its own reward.
For more information on international business schools, including INSEAD, Cambridge Judge, and IMD, check out our free mbaMission International Program Guides.
