The European MBA is essentially very rigorous and fast-paced and students with no formal business education at times don’t want to rush and complete the entire MBA course module in 1 year. As a result, such students mostly opt for a 2-year program from business school in the U.S.
But there are numerous students who don’t want to waste any time and quickly climb on the work wagon. Such students prefer joining the European MBA instead of a US MBA. Working professionals also prefer European MBA since they save on one year by quickly completing the course, grabbing required management skills and joining the industry back gain after a short break.
There is a significant investment difference in a European and US business school. In case, if a student joins Wharton or Harvard, one would end up spending minimum US$ 75,000 -$80,000 on tuition fees alone whereas if one joins a MBA program at IMD or INSEAD one would spend nearly $45,000 - $50,000, which is significantly lower than almost any top U.S. B-school fees. So, as a result people interested in saving both time and money now prefer European MBA in comparison to an US MBA.
But, even though European MBA is catching up with US MBA in popularity, a lot of students are quite edgy about joining a European business school since it’s quite difficult to get a work permit after graduation in Europe. For dealing with this situation, UK government has now announced that people graduating from top 50 world business schools will now get a work permit for a year in UK. In addition, they also teach languages such as Spanish free of cost so that the students get hired by a local European company itself.
Both European MBA and US MBA are in demand although working professionals have a bend towards the European MBA whereas the fresh graduates are more interested in pursuing a traditional 2-year MBA program from US for honing their management skills.