As you compare different MBA programs, you may begin to ask yourself what the difference between a Global MBA and International MBA program really is. While the two types of programs might sound like two different titles for the same exact type of business degree, that is not the case. Each program is designed to prepare students for an advanced role in the business role by teaching theory and real world applications, but the emphasis and the setting of each are entirely different. If you are trying to decide if a traditional or not-so traditional program is right for you, read on and learn more about these modern MBA programs that are setting trends and make a more educated decision.
What is a Global MBA Program?
A Global MBA program is a program that is designed to help prepare students for business dealings around the world in the new global environment. As a formal business degree program, you will study subject areas that are core to business operations, but with a greater emphasis on global operations. Most global programs will offer a majority of the classes in the United States at the location that the student enrolled. The remainder of the coursework to study areas like finance, global economics, international marketing, and more will be taught at a partner site where students will travel to.
You will need to check with your school to see what institutions they partner with and how long you are expected to study abroad so that you can be immersed in other cultures while you are learning. You should also find out how often you have to fly overseas and whether or not you will pay out-of-pocket yourself to travel for classes.
What is an International MBA?
An International MBA program, just like the global degree program, has become increasingly popular. Instead of studying for a majority of the time domestically, when you take an International MBA program you will enroll in an international business school where you will spend the entire time as a student studying internationally away from home. One of the main reasons for increasing enrollments in International MBA programs, is because the cost to study abroad is lower and the advantage of a global perspective is so high, according to Forbes.
Another major reason why MBA students are shifting from applying in the United States to international business schools, is because many of the international school program can be completed in just 12 months. Even when tuition rates are higher, the fact that it takes half the time to complete makes an International MBA most affordable. If you want a culturally diverse experience and you want to start your career in a year instead of two, this could be the answer.
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Many Global and International MBA programs deliver the same quality content to students. Both programs offer diversity, but international programs tend to be more immersive, because you will spend your entire student experience in a different world away from home. Many students who study for an International MBA will actually stay in the country where they studied. No matter where you want to work and what setting you want to work in, having global experience can be beneficial. Now that you know the difference between a Global MBA and International MBA, you can decide if either are right.