Increase Demand for US MBA ProgramsJanuary 16th, 2012 by Jennifer Frankel
The economic downturn is evident worldwide. Even with signs of growth in many countries, the employment figures are lagging behind. Those individuals who have the ability will seek higher education as a way to build skills for the competitive job market.
One way people are doing this is by enrolling at a MBA program in the US. Many students and professionals see education in the US as one way to build connections, increase one’s skills, and develop a worldwide prospective. According to a recent report by Council of Graduate Schools, the increase demand for US MBA Programs jumped 6% over last year. Bloomberg BusinessWeek reported that 33.4% of MBA programs are made up of international students. The primary reason for this increase was due to the number of Chinese applicants, followed by Taiwanese and Vietnamese.
The increase demand for US MBA programs has been helped by the increase in F-1 international student visas issued in the US. An increase of 54,000 visas were issued last year, totaling 385,210 visas. This increase in visas has been directly attributed with increasing the number of foreign students enrolling in MBA programs in the US.
This comes as good news to MBA programs in the US, who are competing with other higher education institutions from around the world. Because of the expense and difficulty of going to a US institution, many international students have been opting for schools in Canada or the United Kingdom. With the help of the Department of State, there has been a shift back to America where this year has been the largest increase in demand for US MBA Programs since 2007.
Cornell saw a 12% increase in their international enrollments in New York. On the western coast, University of Southern California saw that 75% of their one-year international MBA program was from Asia. This is just two of the many graduate programs seeing an increase in their international student numbers.
As economies recover, recruiting efforts expand, and the need for a business degree becomes ever more important, it is likely that this is the beginning of a trend for MBA programs in the US as long as the US State Department continues it’s visa policies for international students.
i am really interest by this scholarschip because MBA is the best opportunity for me to hav a good job in my country.
Please, i am in the process of applying for a loan to further my education in Concordia University, Portland, any assistance or guidelines?
I have sent you an email with more information on international student loans. If you have any further questions please let us know.
please give me detail or link about good business school in USA which offer Mba for international student with no co signer loan option
Thank you for your inquiry. Unfortunately a co-signer is required for all international student loan programs. The co-signer must be a US citizen or US permanent resident, with good credit, who has lived in the US for the past two years. Non-US citizens or non-US permanent residents cannot act as a cosigner. Usually a co-signer is a friend or family member that you already know. You can start the loan process and see a list of eligible schools here. Best of luck!