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MBA Or MSc: A Round-Up Of Needs And Natures Of Business Education Around The World

Globally, an MBA degree tends to require work experience, and is seen as improving managerial abilities.

MBA Or MSc: A Round-Up Of Needs And Natures Of Business Education Around The World
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MBA Or MSc: A Round-Up Of Needs And Natures Of Business Education Around The World
outlookindia.com
2018-09-24T16:40:41+0530

In India, it has almost become a necessity to “do an MBA”, driven by a perception that it is necessary to have an MBA to get a good start in your career. This has led to a proliferation of business schools, as well as to global institutes targeting the Indian student. Many Indian students are applying to international business schools. While this is mostly for masters level MBA courses, some are bachelors level students.

Business programmes can be looked at 2 levels: 1) Bachelors programmes and 2) Masters programmes. A foreign Bachelors in business is not likely to give a student the kind of edge that she is looking for in terms of job prospects.

In the UK, studying business is like any other subject in the Arts. Companies in the UK bel­ieve in training natural ability, and hire based on tests and interviews. Other countries fall between the two types of recruitment, where the degree helps, but isn’t the key to success. Finally, be mindful that even at an undergraduate level, business degrees cost more.

Read Also: Planning To Study In The US? Here's A List Of Well-Known Education Hubs

Top International Colleges

RankName of College / UniversityCity/StatecountryCourse Length
1 INSEAD Fontainebleau France 1 year
2 Stanford University Paolo Alto, California USA 2 years
3 Harvard University Cambridge, Massachusetts USA 2 years
4 Massachusetts Institute of Technology (MIT) Cambridge, Massachusetts USA 2 years
5 California Institute of Technology (Caltech) Pasadena, California USA 2 years
6 University of Chicago Chicago, Illinois USA 2 years
7 London Business School London UK 2 years
8 IE Business School Madrid Spain 1 year
9 Princeton University Princeton, New Jersey USA 2 years
10 University of Pennsylvania (Wharton) Â Philadelphia, Pennsylvania USA 2 years
11 Columbia University New York USA 2 years
12 University of Cambridge Cambridge UK 1 year
13 University of Oxford Oxford UK 1 year
14 Yale University New Haven, Connecticut USA 2 years
15 Johns Hopkins University  Baltimore, Maryland USA 2 years
16 University of California, Berkeley (UCB) Berkeley, California USA 2 years
17 Northwestern University Evanston, Illinois USA 2 years
18 CEIBS Shanghai China 1.5 years
19 Duke University  Durham, North Carolina USA 2 years
20 University of Michigan Ann Arbor, Michigan USA 2 years
21 University of California, Los Angeles (UCLA) Â Los Angeles, California USA 2 years
22 Cornell University  Ithaca, New York USA 2 years
23 National University of Singapore Singapore Singapore 1.5 years
24 Peking University Beijing China 2 years
25 New York University New York USA 2 years
26 University of Hong Kong Hong Kong China 14 months
27 Carnegie Mellon University Pittsburgh, Pennsylvania USA 2 years
28 Tsing Hua University Beijing China 21 months
29 Nanyang Technological University, Singapore Singapore Singapore 1 year
30 Hong Kong University of Science and Technology Hong Kong China Upto 16 Months
31 Renmin University of China - School of Business Beijing China 2 years
32 Indian Institute of Management- Ahmedabad Ahmedabad India 2 years
33 Fudan University Shanghai China 2 years
34 University of Melbourne Melbourne Australia 1 year
35 University of Texas at Austin Austin, Texas USA 2 years
36 University of Toronto Toronto Canada 2 years
37 Korea University Seoul South Korea 1 year
38 Indian Institute of Management - Bangalore Bangalore India 2 years
39 Australian National University Canberra Australia 1 year
40 Manchester Business School Manchester UK 1-1.5 years
41 Singapore Management University Singapore Singapore 1 year
42 Dartmouth College Hanover, New Hampshire USA 2 years
43 University of Sussex Brighton UK 1 year
44 Chinese University of Hong Kong Hong Kong China Upto 16 Months
45 Sungkyunkwan University Seoul South Korea 1.5 Years
46 Brown University  Providence, Rhode Island USA 2 years
47 University of Illinois at Urbana-Champaign Champaign, Illinois USA 2 years
48 McGill University Montreal Canada 2 years
49 University of Edinburgh Edinburgh U K 1 year
50 University of Washington Seattle, Washington USA 2 years
51 Shanghai Jiao tong University Shanghai China 2 years
52 Indian School Of Business Hyderabad India 1 year
53 University of Sydney Sydney Australia 1 year
54 City University of London London UK 1 year
55 University of Lancaster Lancaster UK 2 years
56 Georgia Institute of Technology Atlanta, georgia USA 2 years
57 University of North Carolina, Chapel Hill  Chapel Hill, Noth Carolina USA 2 years
58 University of Wisconsin-Madison  Madison, Wisconsin USA 2 years
59 The Ohio State University Columbus, Ohio USA 2 years
60 Boston University Boston, Massachusets USA 2 years
61 Indiana University Bloomington Bloomington, Indiana USA 2 years
62 Purdue University  West Lafayette, Idiana USA 2 years
63 Georgetown University Washington DC USA 2 years
64 Cardiff University  Cardiff UK 1 year
65 Nottingham University Nottingham UK 1 year
66 Rice University Houston, Texas USA 2 years
67 University of Bath Bath UK 1 year
68 University of California, San Diego (UCSD) San Diego, California USA 2 years
69 Washington University in St. Louis St. Louis USA 2 years
70 The University of British Columbia Vancouver, British Columbia Canada 2 years
71 University of California, Davis Davis, California USA 2 years
72 Seoul National University Seoul South Korea 1.5 Years
73 Pennsylvania State University  State College, Pennsylvania USA 2 years
74 Monash University Melbourne Australia 1 year
75 University of Leeds Leeds UK 1 year
76 University of Durham Durham UK 1 year
77 Arizona State University Tempe, Arizona USA 2 years
78 University of New South Wales Sydney Australia 1 year
79 University of Maryland, College Park College Park, Maryland USA 2 years
80 Michigan State University East Lansing, Michigan USA 2 years
81 Emory University Atlanta, Georgia   2 years
82 University of Southern California Los Angeles, California USA 2 years
83 University of Queensland Brisbane Australia 1 year
84 University of Virginia Charlottesville, Virginia USA 2 years
85 University of Minnesota Minneapolis, Minnesota USA 2 years
86 University of California, Santa Barbara (UCSB) Santa Barbara, California USA 2 years
87 Aston University Birmingham UK 1 year
88 Brunel University London London UK 1 year
89 HEC Montréal Montral Canada 2 years
90 Strathclyde Glasgow UK 1 year
91 Indian Institute of Management - Calcutta Calcutta Calcutta 2 years
92 University of Colorado Boulder Boulder, Colorado USA 2 years
93 Colorado State University Fort Collins, Colorado USA 2 years
94 University of Florida Gainesville, Florida USA 2 years
95 The University of York York UK 1 year
96 The University of St Andrews St Andrews UK 1 year
97 University of Notre Dame Notre Dame, Indiana USA 2 years
98 University of California, Irvine Irvine, California USA 2 years
99 Vanderbilt University Nashville, Tennesee USA 2 years
100 University of Pittsburgh Pittsburgh, Pennsylvania USA 2 years
Rank 1
Name Of College / University INSEAD

City / State

Fontainebleau

Country

France

Course Length

1 year
   
Rank 2
Name Of College / University Stanford University

City / State

Paolo Alto, California

Country

USA

Course Length

2 years
   
Rank 3
Name Of College / University Harvard University

City / State

Cambridge, Massachusetts

Country

USA

Course Length

2 years
   
Rank 4
Name Of College / University Massachusetts Institute of Technology (MIT)

City / State

Cambridge, Massachusetts

Country

USA

Course Length

2 years
   
Rank 5
Name Of College / University California Institute of Technology (Caltech)

City / State

Pasadena, California

Country

USA

Course Length

2 years
   
Rank 6
Name Of College / University University of Chicago

City / State

Chicago, Illinois

Country

USA

Course Length

2 years
   
Rank 7
Name Of College / University London Business School

City / State

London

Country

UK

Course Length

2 years
   
Rank 8
Name Of College / University IE Business School

City / State

Madrid

Country

Spain

Course Length

1 year
   
Rank 9
Name Of College / University Princeton University

City / State

Princeton, New Jersey

Country

USA

Course Length

2 years
   
Rank 10
Name Of College / University University of Pennsylvania (Wharton)

City / State

 Philadelphia, Pennsylvania

Country

USA

Course Length

2 years
   
Rank 11
Name Of College / University Columbia University

City / State

New York

Country

USA

Course Length

2 years
   
Rank 12
Name Of College / University University of Cambridge

City / State

Cambridge

Country

UK

Course Length

1 year
   
Rank 13
Name Of College / University University of Oxford

City / State

Oxford

Country

UK

Course Length

1 year
   
Rank 14
Name Of College / University Yale University

City / State

New Haven, Connecticut

Country

USA

Course Length

2 years
   
Rank 15
Name Of College / University Johns Hopkins University

City / State

 Baltimore, Maryland

Country

USA

Course Length

2 years
   
Rank 16
Name Of College / University University of California, Berkeley (UCB)

City / State

Berkeley, California

Country

USA

Course Length

2 years
   
Rank 17
Name Of College / University Northwestern University

City / State

Evanston, Illinois

Country

USA

Course Length

2 years
   
Rank 18
Name Of College / University CEIBS

City / State

Shanghai

Country

China

Course Length

1.5 years
   
Rank 19
Name Of College / University Duke University

City / State

 Durham, North Carolina

Country

USA

Course Length

2 years
   
Rank 20
Name Of College / University University of Michigan

City / State

Ann Arbor, Michigan

Country

USA

Course Length

2 years
   
Rank 21
Name Of College / University University of California, Los Angeles (UCLA)

City / State

 Los Angeles, California

Country

USA

Course Length

2 years
   
Rank 22
Name Of College / University Cornell University

City / State

 Ithaca, New York

Country

USA

Course Length

2 years
   
Rank 23
Name Of College / University National University of Singapore

City / State

Singapore

Country

Singapore

Course Length

1.5 years
   
Rank 24
Name Of College / University Peking University

City / State

Beijing

Country

China

Course Length

2 years
   
Rank 25
Name Of College / University New York University

City / State

New York

Country

USA

Course Length

2 years
   
Rank 26
Name Of College / University University of Hong Kong

City / State

Hong Kong

Country

China

Course Length

14 months
   
Rank 27
Name Of College / University Carnegie Mellon University

City / State

Pittsburgh, Pennsylvania

Country

USA

Course Length

2 years
   
Rank 28
Name Of College / University Tsing Hua University

City / State

Beijing

Country

China

Course Length

21 months
   
Rank 29
Name Of College / University Nanyang Technological University, Singapore

City / State

Singapore

Country

Singapore

Course Length

1 year
   
Rank 30
Name Of College / University Hong Kong University of Science and Technology

City / State

Hong Kong

Country

China

Course Length

Upto 16 Months
   
Rank 31
Name Of College / University Renmin University of China - School of Business

City / State

Beijing

Country

China

Course Length

2 years
   
Rank 32
Name Of College / University Indian Institute of Management- Ahmedabad

City / State

Ahmedabad

Country

India

Course Length

2 years
   
Rank 33
Name Of College / University Fudan University

City / State

Shanghai

Country

China

Course Length

2 years
   
Rank 34
Name Of College / University University of Melbourne

City / State

Melbourne

Country

Australia

Course Length

1 year
   
Rank 35
Name Of College / University University of Texas at Austin

City / State

Austin, Texas

Country

USA

Course Length

2 years
   
Rank 36
Name Of College / University University of Toronto

City / State

Toronto

Country

Canada

Course Length

2 years
   
Rank 37
Name Of College / University Korea University

City / State

Seoul

Country

South Korea

Course Length

1 year
   
Rank 38
Name Of College / University Indian Institute of Management - Bangalore

City / State

Bangalore

Country

India

Course Length

2 years
   
Rank 39
Name Of College / University Australian National University

City / State

Canberra

Country

Australia

Course Length

1 year
   
Rank 40
Name Of College / University Manchester Business School

City / State

Manchester

Country

UK

Course Length

1-1.5 years
   
Rank 41
Name Of College / University Singapore Management University

City / State

Singapore

Country

Singapore

Course Length

1 year
   
Rank 42
Name Of College / University Dartmouth CollegeÂ

City / State

Hanover, New Hampshire

Country

USA

Course Length

2 years
   
Rank 43
Name Of College / University University of Sussex

City / State

Brighton

Country

UK

Course Length

1 year
   
Rank 44
Name Of College / University Chinese University of Hong Kong

City / State

Hong Kong

Country

China

Course Length

Upto 16 Months
   
Rank 45
Name Of College / University Sungkyunkwan University

City / State

Seoul

Country

South Korea

Course Length

1.5 Years
   
Rank 46
Name Of College / University Brown University

City / State

 Providence, Rhode Island

Country

USA

Course Length

2 years
   
Rank 47
Name Of College / University University of Illinois at Urbana-Champaign

City / State

Champaign, Illinois

Country

USA

Course Length

2 years
   
Rank 48
Name Of College / University McGill University

City / State

Montreal

Country

Canada

Course Length

2 years
   
Rank 49
Name Of College / University University of Edinburgh

City / State

Edinburgh

Country

U K

Course Length

1 year
   
Rank 50
Name Of College / University University of Washington

City / State

Seattle, Washington

Country

USA

Course Length

2 years
   
Rank 51
Name Of College / University Shanghai Jiao tong University

City / State

Shanghai

Country

China

Course Length

2 years
   
Rank 52
Name Of College / University Indian School Of Business

City / State

Hyderabad

Country

India

Course Length

1 year
   
Rank 53
Name Of College / University University of Sydney

City / State

Sydney

Country

Australia

Course Length

1 year
   
Rank 54
Name Of College / University City University of London

City / State

London

Country

UK

Course Length

1 year
   
Rank 55
Name Of College / University University of Lancaster

City / State

Lancaster

Country

UK

Course Length

2 years
   
Rank 56
Name Of College / University Georgia Institute of Technology

City / State

Atlanta, georgia

Country

USA

Course Length

2 years
   
Rank 57
Name Of College / University University of North Carolina, Chapel Hill

City / State

 Chapel Hill, Noth Carolina

Country

USA

Course Length

2 years
   
Rank 58
Name Of College / University University of Wisconsin-Madison

City / State

 Madison, Wisconsin

Country

USA

Course Length

2 years
   
Rank 59
Name Of College / University The Ohio State University

City / State

Columbus, Ohio

Country

USA

Course Length

2 years
   
Rank 60
Name Of College / University Boston University

City / State

Boston, Massachusets

Country

USA

Course Length

2 years
   
Rank 61
Name Of College / University Indiana University Bloomington

City / State

Bloomington, Indiana

Country

USA

Course Length

2 years
   
Rank 62
Name Of College / University Purdue University

City / State

 West Lafayette, Idiana

Country

USA

Course Length

2 years
   
Rank 63
Name Of College / University Georgetown UniversityÂ

City / State

Washington DC

Country

USA

Course Length

2 years
   
Rank 64
Name Of College / University Cardiff University

City / State

 Cardiff

Country

UK

Course Length

1 year
   
Rank 65
Name Of College / University Nottingham University

City / State

Nottingham

Country

UK

Course Length

1 year
   
Rank 66
Name Of College / University Rice University

City / State

Houston, Texas

Country

USA

Course Length

2 years
   
Rank 67
Name Of College / University University of Bath

City / State

Bath

Country

UK

Course Length

1 year
   
Rank 68
Name Of College / University University of California, San Diego (UCSD)

City / State

San Diego, California

Country

USA

Course Length

2 years
   
Rank 69
Name Of College / University Washington University in St. Louis

City / State

St. Louis

Country

USA

Course Length

2 years
   
Rank 70
Name Of College / University The University of British Columbia

City / State

Vancouver, British Columbia

Country

Canada

Course Length

2 years
   
Rank 71
Name Of College / University University of California, Davis

City / State

Davis, California

Country

USA

Course Length

2 years
   
Rank 72
Name Of College / University Seoul National University

City / State

Seoul

Country

South Korea

Course Length

1.5 Years
   
Rank 73
Name Of College / University Pennsylvania State University

City / State

 State College, Pennsylvania

Country

USA

Course Length

2 years
   
Rank 74
Name Of College / University Monash University

City / State

Melbourne

Country

Australia

Course Length

1 year
   
Rank 75
Name Of College / University University of Leeds

City / State

Leeds

Country

UK

Course Length

1 year
   
Rank 76
Name Of College / University University of Durham

City / State

Durham

Country

UK

Course Length

1 year
   
Rank 77
Name Of College / University Arizona State University

City / State

Tempe, Arizona

Country

USA

Course Length

2 years
   
Rank 78
Name Of College / University University of New South Wales

City / State

Sydney

Country

Australia

Course Length

1 year
   
Rank 79
Name Of College / University University of Maryland, College Park

City / State

College Park, Maryland

Country

USA

Course Length

2 years
   
Rank 80
Name Of College / University Michigan State University

City / State

East Lansing, Michigan

Country

USA

Course Length

2 years
   
Rank 81
Name Of College / University Emory University

City / State

Atlanta, Georgia

Country

 

Course Length

2 years
   
Rank 82
Name Of College / University University of Southern California

City / State

Los Angeles, California

Country

USA

Course Length

2 years
   
Rank 83
Name Of College / University University of Queensland

City / State

Brisbane

Country

Australia

Course Length

1 year
   
Rank 84
Name Of College / University University of Virginia

City / State

Charlottesville, Virginia

Country

USA

Course Length

2 years
   
Rank 85
Name Of College / University University of Minnesota

City / State

Minneapolis, Minnesota

Country

USA

Course Length

2 years
   
Rank 86
Name Of College / University University of California, Santa Barbara (UCSB)

City / State

Santa Barbara, California

Country

USA

Course Length

2 years
   
Rank 87
Name Of College / University Aston University

City / State

Birmingham

Country

UK

Course Length

1 year
   
Rank 88
Name Of College / University Brunel University London

City / State

London

Country

UK

Course Length

1 year
   
Rank 89
Name Of College / University HEC Montréal

City / State

Montral

Country

Canada

Course Length

2 years
   
Rank 90
Name Of College / University Strathclyde

City / State

Glasgow

Country

UK

Course Length

1 year
   
Rank 91
Name Of College / University Indian Institute of Management - Calcutta

City / State

Calcutta

Country

Calcutta

Course Length

2 years
   
Rank 92
Name Of College / University University of Colorado Boulder

City / State

Boulder, Colorado

Country

USA

Course Length

2 years
   
Rank 93
Name Of College / University Colorado State University

City / State

Fort Collins, Colorado

Country

USA

Course Length

2 years
   
Rank 94
Name Of College / University University of Florida

City / State

Gainesville, Florida

Country

USA

Course Length

2 years
   
Rank 95
Name Of College / University The University of York

City / State

York

Country

UK

Course Length

1 year
   
Rank 96
Name Of College / University The University of St Andrews

City / State

St Andrews

Country

UK

Course Length

1 year
   
Rank 97
Name Of College / University University of Notre Dame

City / State

Notre Dame, Indiana

Country

USA

Course Length

2 years
   
Rank 98
Name Of College / University University of California, Irvine

City / State

Irvine, California

Country

USA

Course Length

2 years
   
Rank 99
Name Of College / University Vanderbilt University

City / State

Nashville, Tennesee

Country

USA

Course Length

2 years
   
Rank 100
Name Of College / University University of Pittsburgh

City / State

Pittsburgh, Pennsylvania

Country

USA

Course Length

2 years
   

Tables attribution: Copyright: www.prep4future.org

Studying masters in business is not as straightforward as in India. Globally, an MBA degree tends to require work experience, and is seen as improving managerial abilities. The options for masters are a) MSc in Business, b) Masters in Management/Masters in Business and c) the MBA.

Read Also: Despite Brexit And Harsh Visa Restrictions, UK Remains Key Study Destination

One must keep in mind that even at the UG level, foreign business degrees cost more than either arts or science degrees, except medicine.

The MSc is a recent US innovation. The main drive arose from the need for people trained in the areas of analytics and data science. The degree is more narrowly focused than an MBA. The degree requires no work experience. The masters in management/business is offered in New Zealand and Australia. It is aimed at people with little or no work experience. Usually, 18 months to two years long, it focuses on the fundamentals of business and how it relates to industry. Finally, there is the MBA offered by most countries, which almost alw­ays requires a minimum of two years of work experience. Most US MBA programmes are two years long, allowing students to intern in summer.

In the UK and Europe, courses tend to be between a year and 18 months long, to allow students to get back into the job market soon. They also require minimum work experience of three years. The exc­eptions are the London Business School and INSEAD—both recommend two years work experience. MBAs in New Zealand and Australia generally require five years of work experience, three of which have to be managerial; the MBA is a year long, making you ineligible for staying back.

MBAs in most countries usually require a minimum two-year work experience. In Europe, courses are designed to allow students to get back to jobs soon.

Finally, when considering where to study, you might want to consider the chances for getting a job after you complete your studies. Australia allows you to stay back for 18 months if you complete a two-year degree, but it is hard to find jobs there. New Zealand allows students between one and three years. Vacancies might exist in the STEM fields. The US has a year of OPT—optional practical training—at the end of your degree, but the work you take up must be related to your degree. The UK has a four-month period at the end of your degree to allow you to find a job. But finding one in the current market is difficult.

Asian countries have their own visa policies. Singapore allows students to apply for a long-term visit pass after a degree for jobs. Hong Kong allows non-local students a 12-month stay back to search for jobs. Among European countries, Ireland offers two years of post study work permit after the completion of masters degrees. France also offers two years post study work permits to students with a masters degree. Germany offers 18 months to search for jobs.

Read Also: Australia Is A Good Place To Study, But Finding A Job Can Be Hard

Unlike Indian MBA schools, most global programmes do not have campus placements, but rely on job fairs, internships and alumni and faculty contacts.

Most European countries require or rec­­ommend that you speak the local language when applying for jobs. The exception is Ireland, which speaks Eng­lish, and has job availability. Trinity College, Dublin, and University College Dublin, though ranked outside the global top hundred, are good options.

Unlike Indian MBA institutes, most global programmes do not have campus placements, but expect you to get placements based on job fairs, internships and contacts of their alumni and professors. Overall, an Indian student with minimal work experience should look at applying for MSc. programmes, while those with two or more years of job experience and a 700+ score in GMAT could look at top schools. It would be sensible to look at schools where placements with top global firms are common and which have strong industry connects for internships.


By A K Balaji  Prasad, Co-Founder & Mentor, www.prep4future.org

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