Some Reasons to Choose a Business School in Europe

The first American Master of Business Administration program was founded at Tuck Business School at Dartmouth in 1900. America has been seen as the home of the MBA over the last century, indeed MBAs have only been offered in Europe since 1957. However, with 3 of the top 10 MBA programs now located in Europe, increasing numbers of students are applying to Business Schools in Europe, including students from America. The GMAC (Graduate Management Admissions Council) Geographic Trend Report for Europe states that: The number of GMAT score reports received by programs in the top 10 European countries increased 96 percent between TY 2005 and TY 2009, outpacing a worldwide increase of 41 percent over the same period.

So what is behind this huge increase? Let’s take a look at some of the reasons prospective MBA students are increasingly choosing to study at Business School in Europe. Typically, American institutions focus on finance and consulting, with graduates tending to specialize in these areas. However, due to the economic downturn, jobs in these areas are scarce and the advantages of studying a wider range of specialisms have never been so apparent. A Business School in Europe will typically cover the areas mentioned above, but will also offer courses in other areas such as management, marketing and entrepreneurship, meaning their graduates are more well-rounded and adaptable – a key quality in today’s job market.

Speaking of job markets, Europe is now known as a great place to make contacts and find job opportunities. There are a couple of reasons for this. Firstly, European businesses tend to develop links and contacts more easily, as they are used to trading outside of their own country, and geographically are in a great position to do so with so many other countries on their doorstep. And again, as mentioned above, as a Business School in Europe will focus on a number of different areas, they tend to also make contacts with industry figures in these areas, meaning students are exposed to a wider variety of industries. Take Spain as an example: Barcelona is the eighth most popular city in the world for MBA studies, as it is in a convenient location for travel to many European countries, and is a base for Spanish industries such as the retail and financial sectors.

In the current economic climate, this increased diversity and adaptability can only be an advantage. In 2009, for example, GMAC reported that three quarters of Europeans who earned a business degree in 2009 got a job within a few months of graduating. Another important advantage to studying at a Business School in Europe is that costs tend to be a lower than at American institutions. Whilst an MBA in a top American school could cost you upwards of $150,000, a similar program at a European school costs around half that price! So the real question is, with so many advantages to studying at a Business School in Europe, why go anywhere else?

Business Degrees – Preparing Undergraduates For a Global Career

There are brilliant opportunities for students to study business at undergraduate level, with the potential to enjoy a global career that involves a hectic, yet enjoyable lifestyle. Making the right decision with regards to both your university and the choice of your business degree can influence the success of your chosen career path.

It is no coincidence that the students with the best learning environment achieve the best results, and with the City of London widely regarded as the financial capital of the planet, British students have a great chance to study business degrees at a London business school.

London business schools provide students with business degrees that will help you enjoy a successful career in your chosen field. As you would expect, employment statistics for graduates from London business schools are consistently higher than the national average. The benefit of close relations to global conglomerates gives scholars the opportunity to secure professional work experience and network with companies for potential future employment.

Some business degrees provide undergraduates with the opportunity to spend a year or a term studying at partner institutions. Amazingly, this could be in Hong Kong, Singapore, the United States, Canada, South Korea or Europe, business really is an exciting global industry.

While UK business degrees are exciting and challenging, there are rigorous entry requirements and demands for courses are, naturally, exceedingly high. However, ambitious students who are ready to maximise the advantages of remarkable learning environments in the City of London should certainly enroll.

Bursaries and scholarships also make studying business and finance financially viable with awards generally made to UK, EU and international students on the basis of academic merit as well as financial status.

Continental Europe Warming Up to Indian Markets

The executives of the Indian IT industry are known for their sense of style, but there is a flip side too which Indian geeks should really focus upon. Ever heard of caste and gender prejudice stalking the IT corridors?

According to a survey carried out by a London-based outsourcing advisory firm though Europeans appreciate our dressing sensibilities, but caste and gender discrimination have left a more bitter taste in their mouths. The later has an high impact on the former.

The firm surveyed almost 35 top companies across Europe, asking them to talk about the obstacles they face while doing business with their Indian counterparts.

Different countries had different versions.

Nordic region companies talked about the awkwardness in attitude of the Indian men when it comes to interacting with their female counterparts. It is often observed that Indian teams sent for sales pitches don’t comprise even a single woman. On the other hand the people they are pitching too are generally women.

Business deals are generally fixed during drinks and dinner but Indians generally lack the adeptness to manage it.

Another disappointing factor that has come to the fore is that respondents felt that Indians over commit and also are not very flexible when it comes to sharing information.

Further, Indians working onshore in Europe made little or no attempt to assimilate with the local people, rather preferred socializing and living with other Indians.

However, despite all these negative feedbacks, Continental Europe is proactively looking forward to do business with Indian Outsourcing companies.

Significant goings-on have already been observed in the Benelux which includes Belgium, Netherlands, Luxembourg as well as Germany.

Nonetheless, the Nordic countries are showing much more interest. Nordic countries are home to heavyweight companies like Ikea, Nokia, Shell and Ericsson.

According to a top source from a leading advisory firm, if one communicates with 10 companies in Germany for potential business prospects, in all probability only two will respond. On the other hand, if one contacts 10 companies in Nordic, rest assured at least 7 will give a call back.

That continental Europe is upbeat about India is justified by the fact that India major TCS is doing a good business here. TCS has witnessed its European share doubling to 30 percent in the last 10 years.

Moreover, though Europe looks upon India as a traditional country, the continent by far has not been able to do away with its rigid mindsets.

Europe still looks at IT as an integral function of the company and therefore hesitates when it comes to outsourcing the same. Case in point being: German Pharma giant Bayers and chemical major BASF. Though both these have international operations, however they still retain IT services in house and employ almost 20,000 people for the job.

However, global meltdown has put the companies on a contemplation mode. By now they’ve figured out that outsourcing is the key to cutting costs. However, Indians have their own set of challenges when trying to enter these markets.

In continent Europe, business is based on relationship-building, unlike the US and UK markets, where businesses are purely revenue-focused.

When it comes to UK and US markets, Indian IT companies just send a few people on project basis. Here they focus much more on the verticals and are not at all regionally focused.

When it comes to European markets, Indians just can’t do with knowing the business nuances, they need to know the intricacies of the culture as well.

Some big players like TCS, Infosys, HCL and Cognizant realizing the potential of the European market have started investing here in a more sustainable fashion.

As Indian companies slowly but surely seem to grab the eyeballs of more and more clients, the European companies in turn are warming to the idea of off shoring and working hand in hand with Indians. The best parts being they even have opened up to the idea of accepting Indians in the IT consultative or advisory space.