With few international students taking part in many of the top MBA programs in the US this fall, some of their overseas competitors are gaining ground.
International MBA programs, especially those in Europe and Canada, are seeing a growing interest from prospective students wanting to stay closer to home and students in Asia and Latin America. increasingly to study in the United States. Royal College Business School in London For example, international applications for September grade increased 55%, partly due to an increase in the number of applicants from Asia. Meanwhile, the business school consulting firm CarringtonCrisp found that nearly half of the prospective students the company surveyed considered Canada for their degrees this year ̵1; up from 38% a year ago.
Driving the rise are Covid-19’s travel restrictions, higher tuition costs in the US and the American political environment marked by rising US-China tensions and changes in immigration policies, said school and enrollment coach. MBA programs in the US have had difficulty attracting foreign students in recent years, including a 14% drop a year ago. Foreign students are crucial to the bottom line of US programs: They account for about 40% of all applicants to US business schools in 2019, and they typically pay full tuition. fees and charges.
“We are seeing candidates with a tradition of viewing Ivy League schools in Kingston, Ontario, Canada, said Teresa Pires, associate director of admissions and admissions for the MBA Smith School of Business at Queen’s University in Kingston, Ontario, Canada. America. “Because it may be harder to stay in the US, guarantee permanent residency, secure employment, they just feel here is a safer bet.”
Even as admission applications skyrocketed at many of the top business schools this year, many of them reported a sharp drop in the number of foreign students. The number of international students enrolled in the University of Pennsylvania’s Wharton School’s two-year MBA has decreased from 30% for the 2021 course to 19% for the 2022 course and from 27% to 18% at the School. University of Michigan’s Ross Business.