Are you a current MBA student looking to gain international experience? Many MBA students find that it is exceedingly beneficial to get international experience while completing their program in graduate school. This is due to the fact that many MBA graduates look to specialize or work in international as well as multinational business environments.
It is very common for University students to want to study abroad, however, many are unclear on how to go about making that happen. If you find that you are in a similar situation, here is some information about the various study abroad programs available for MBA students.
Programs for Specific Schools
If one wants to study abroad either for a semester or a summer session, the most successful way to make this happen is to do it through your business school’s study abroad cohort program. Students that attend business schools, for the most part, will either have the option to enroll in an exchange program or a cohort program.
For instance, students at Loyola University of Chicago’s Business School have the opportunity to study abroad in various locations ranging from Cambodia, Spain and the Dominican Republic. Another example of the study abroad opportunities that Business schools provide their students with is Texas A&M, which offers their MBA students exchange programs (semester-long or summer-long sessions) in countries such as Denmark, France, China, and Germany.
If you are committed to studying abroad, there are two things that you can do in your own time to ensure that this happens. The first is if you are a potential MBA student and that is to make sure that you seek out beforehand the study abroad programs at the school in which you are applying. Second, if you are a current MBA student, the best thing to do is to talk to the study abroad administrator at your school in order to learn more about what is offered.
Instead of setting up cohort study abroad programs, many schools will join an exchange network of business schools. Exchange programs can be thought to have symbiotic relationship with universities and the students involved. This is because during an exchange program, students of the local university are given the chance to travel internationally, while their school receives international students in exchange.
One example of a consortium that business schools in the United States typically work with is the Partnership in International Management. To this day, this still proves to be one of the cheapest ways for an MBA student to study abroad. The reason this consortium continues to benefit MBA students is because there is the chance that they will end up paying the same tuition as they would studying locally.
Benefits of Studying Overseas
As more businesses start to grow into a multinational sector, companies are starting to primarily look for MBA students with international experience. This international experience not only puts you on a company’s radar but it also allows for you to learn about a culture other than your own. It also helps expands your knowledge on how to communicate with various types of people. One of the most beneficial aspects of studying abroad is that students have found that they are able to finish their program at a quicker rate than normal. This is because study abroad programs can offer courses that might not be allowed until one’s last semester in their program.
Scholarships for Studying Abroad
Studying abroad whether it is for one semester or an entire summer, can be difficult without some form of financial help. This is where scholarships come into play as some schools will offer their students a scholarship application. However, there are other ways to obtain financial assistance.
First, check with the host school and see if there is the option for an international student scholarship. If this is not an option at your host school, then there are outside scholarships that MBA students can apply for, such as Scholarships for Development. With that said, it is important to note that the application pool for any outside scholarship programs is going to be much wider, therefore, not as accessible. Regardless of this fact, there is still no harm in trying!
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