Is attending a top US B school worth it for an international ?O
I'm a long time reader of this forum and wanted an opinion on something that I know a lot of international students think about:
Is it still worth attending a top US business school as an international ?
-- Most internationals want to work for a few years in the US, gain some experience, clear their debt and go back to their home country (or at least most that I've spoken to).
-- An MBA was great while finance and consulting were doing well but they're not now and things don't look like they're getting better.
-- Details: Lets limit the discussion to the M7 schools and assume it costs $150k total for the degree. If you don't get a job in the US and have to move back east (China, India, Singapore etc. etc.) even with all the hype, salaries are still a fraction of the US ($50k approx for India from what my friend got) and you could spend years repaying your loan. Isn't it better to just attend a school in your home country (ISB, HKUST, NUS, insert you're favorite Asian B school here, all of which cost WAAAY less than an American degree) and invest the rest ?
-- B schools make a lot of noise about brand, alumni etc. but in Asia unless you're from H/S/W you won't get much of a premium for your degree (in short, recruiters prefer a top grad from a good school locally to someone from Columbia cos they figure they both could do the job and the local guy won't want as much money as the guy from Columbia).
-- As an international, you attend school on a student ; this results in recruiters favoring local students (can't blame them really) and networking / perseverance pays off less for us since you may be able to impress recruiters but you can't get around immigration so "hustling" doesn't help as much.
What do you guys think, is it still worth it ?