If you are reading this article, you are thinking about or in the process of applying for an MBA and probably have a million questions. This article aims to provide you with quick facts about an MBA from top global institutions that will hopefully give you a better idea of what the programme entails, its costs and benefits as well as top post-MBA career choices.
1. Benefits of a top global MBA programme
Global Recognition
Great Networking Opportunities
Wide Variety of Specializations
Brilliant Career Prospects
High Earning Potential
2. Eligibility & Requirements:
Official transcripts from all institutions, undergraduate and graduate.
GMAT/ GRE score (some programmes waive GMAT/ GRE score)
English proficiency exams are required for international students like IELTS, TOEFL, PTE, and DUOLINGO.
Statement of Purpose
Resume (if required)
Essays
Letter(s) of recommendation
Interview(s)
Work experience of 2-3 years minimally (sometimes an exception can be made by admission committee)
3. Costs
Country/ Region | Top Tier | Others |
USA | US $70k - $80k per year | US$30k - $60k per year |
UK | £60k - £90k per programme | £25k - £40k per programme |
Europe | €70k - €100k per programme | €30k - €60k per programme |
Canada | CA$50k - CA$90k per programme | CA$30k - CA$60k per programme |
Australia | AU$60k - AU$90k per programme | AU$40k - AU$60k per programme |
Asia | US$60k - US$90k per programme | US$30k - US$50k per programme |
It's essential to also factor in additional expenses such as:
Living Expenses: Varies by city and country (e.g., higher in cities like New York, London, and Singapore).
Books and Supplies: Approximately $2,000 - $5,000 per year.
Travel and Accommodation: Especially relevant for programs with international modules or exchanges.
Health Insurance: Often mandatory and can range from $1,000 - $3,000 per year.
While the fees for an MBA program can be substantial, it is important to consider the return on investment (ROI) in terms of career advancement, salary increase, and professional growth.
4. The Programme
While American MBA programmes are typically 2 years, non-American ones usually span over 10 - 12 months.
There are a wide variety of subjects covered in an MBA programme, depending on the school but they generally include the following:
Core Subjects | Electives |
Economics | Entrepreneurship |
Account | International Business |
Finance | Advanced Finance |
Organizational Behaviour | Technology & Innovation |
Statistics | Marketing Specializations |
Marketing | Operations and Supply Chain Specializations |
Operations Management | Advanced Leadership and Management |
Strategy | |
Management Information Systems | |
Ethics and Corporate Social Responsibility |
Depending on your undergraduate degrees, some core subjects can be exempted.
5. Top Jobs After MBA and Their Salaries
Title | Top Employers | Annual Salary Range |
Management Consultant | McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, Deloitte, KPMG, Strategy&, LEK, Oliver Wyman, A.T. Kerney | US $100,000 - $150,000 |
Investment Banker | Goldman Sachs, Morgan Stanley, J.P. Morgan | $120,000 - $200,000 |
Marketing Manager | Procter & Gamble, Unilever, Google | $90,000 - $140,000 |
Financial Manager | Citibank, HSBC, American Express | $110,000 - $160,000 |
Product Manager | Amazon, Apple, Microsoft | $100,000 - $150,000 |
Operations Manager | General Electric, FedEx, Amazon | $90,000 - $130,000 |
Business Development Manager | IBM, Oracle, Salesforce | $85,000 - $130,000 |
Chief Financial Officer | Various large corporations and startups | $150,000 - $300,000 |
Private Equity/Venture Capital Associate | Blackstone, KKR, Sequoia Capital | $120,000 - $180,000 |
Entrepreneur/Startup Founder | Self-employed or various startup incubators | Varies widely with a mix of base and sweat equity; potential for high earnings if successful |
Pursuing an MBA can lead to a variety of high-paying, influential positions across different sectors. The actual salary can vary based on factors such as industry, location, company size, and individual experience.
There are many factors when considering a top global MBA programme, from eligibility to finance and post-MBA career. At Viet MBA Coach, we can help you navigate this journey every step of the way, from selecting the right programme for you, to identifying financial aids and scholarships, and finally selecting the career path that aligns with your goals so that you can achieve success in your chosen field.
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