As the cost of doing an MBA in America remains extremely high and admission continues to be fiercely competitive, many candidates are looking outside of the US for their graduate management program. There is no doubt that doing an MBA opens doors to exceptional career opportunities and an established global network of business leaders, but for some, the exorbitant cost and fierce competition can be a barrier to achieving their career potential.
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Studying abroad is becoming an ever more popular choice for young US professionals aiming to further their career in management. European countries such as Ireland, Europe’s fastest-growing economy, offer a haven for candidates looking to differentiate themselves by gaining European experience whilst saving money.
Comparable programs in the US will costs students around $50,000 per year for a two-year MBA program. For example, the MBA at Trinity College Dublin, Ireland’s #1 ranked MBA, is priced at €32,000 (approx. $34,500) which is delivered in one year, instead of the standard two-year format delivered in the US.
What's more, the same is true for Canada. Comparable programs in Canada will cost students approximately $50,000 per year for a two-year MBA program. For example, the MBA at Trinity College Dublin, Ireland’s #1 ranked MBA, is priced at €32,000 (approx. $46,500 CAD) which is delivered in one year, instead of the standard two-year format delivered in Canada.
Cost aside, many American candidates are attracted to Ireland’s friendly and welcoming culture, evident by its two year graduate work visa that enables MBA graduates to work in Ireland once they have finished their studies. The American chamber of Commerce states that Ireland is home to world talent with over 150,000 people working in US companies which generate over $806 million per year. Favourable tax laws and government initiatives also encourage the development of new businesses.
Post-MBA employment rates are high according to the Trinity MBA class of 2016 where almost 90% of candidates received a job offer within 3 months of graduation. Furthermore, statistics have shown that the top 10% of Trinity MBA graduates from 2016 had an average salary increase of €49,000 within 3 months of graduating. The average payback period (Return On Investment) was three years, proving that the Trinity MBA is a worthy investment.
Graduates of the Trinity MBA are in high demand, with global brands such as Google, Microsoft and Facebook recruiting recent alumni to their European headquarters in Dublin. The Trinity MBA has allowed its alumni to progress their careers by changing function or job, with up to 65% of graduates from 2016 making a change within three months. The most popular job sectors included technology, manufacturing, entrepreneurship, pharmaceutical, consultancy and financial services.
Working abroad is an appealing option for many American graduates interested in building international work experience into their CV at an affordable price.
As Irish-American families look to celebrate St Patrick’s Day in March, many may be thinking about spending next year’s celebrations as an MBA student in Ireland.
Interested in undertaking an MBA in Ireland? Meet with us on our upcoming Canadian trip to find out why the Trinity MBA is for you.
* All statistics taken from the Full Time and Part Time Programs, 2016.
** Statistic taken from The Métropolitain:
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