Why Should You Get a Scholarship for an MBA in the USA?
At San Francisco Bay University, we believe in providing a high-quality education at prices students can afford. But what’s better than an affordable education? A near-free education! That’s why we’re proud to offer an array of scholarships designed to help students worldwide get a first-class education in the United States. Right here in the San Francisco Bay area, as a matter of fact. Whether you are looking for a scholarship for an MBA in the USA or another discipline, SFBU wants to help you realize your academic dreams. We are proud to have students from the United States, India, Nigeria, and many other parts of the world studying SFBU programs and being awarded scholarships.
It’s a fact that in most countries, pursuing higher education can be an expensive endeavor. Whether it be tuition fees, housing, living expenses, or otherwise - getting an education is not easy. And although university fees can be expensive, students can get help. Let’s take a closer look at why scholarships are so important.
1. Scholarships Make Education More Accessible
According to a study in U.S. News & World Report, the average cost for bachelor’s, master's, and doctoral degrees has risen by 134% since 2002. These eye-popping numbers certainly have a discouraging effect on students, no matter where in the world they are. For students in developing countries, tuition in the tens of thousands of dollars puts a degree firmly out of reach. All this is during a time when business-related degree programs are more popular than ever. There is a reason why students look for scholarships for MBA programs in the USA more than any other program. Regardless of their area of study, securing financial aid through a scholarship opens the door to opportunities that they wouldn’t otherwise have.
Scholarships also allow students to be more selective about their degree programs. It reduces their risk of dropping out and provides opportunities for them to expand their academic experience, whether it be through internships or study abroad programs.
2. Support Through an Expanded Network
Many universities, including SFBU, offer students who are awarded a scholarship for an MBA in the USA other types of financial support. Not only do students gain access to scholarship funds, but they are generally guided by an admissions specialist to ensure they make the best use of their funds. For first-year students from foreign countries like Nepal or Ghana, mentorship from a qualified professional can be a huge help. Expert advice isn’t always available when one doesn’t know where to look. That’s where qualified mentors can help. Being on the receiving end of a scholarship opens the door to other resource opportunities one may not have considered before.
Networking can seem intimidating in a foreign country. Attending a foreign university and interacting with new types of people should be viewed as a net positive, however. Getting a scholarship to a U.S.-based university allows you to attend school-related events and activities. Expanding your network increases both personal and professional development and spurs growth.
3. Scholarships Provide Greater Flexibility and Opportunity
Many students do not actually want to work while they go to college or university and would prefer to focus on their studies. Yet many students find themselves taking on employment of some sort to help cover the cost of tuition and other expenses. Even at a part-time job, 15 hours of work a week can be quite disruptive to studies. This is where a scholarship comes in. Financial assistance allows students to dedicate more of their time to their studies and less to work. They are less tired, less stressed, and more productive in school and other endeavors.
Scholarships also, in and of themselves, create more opportunities for the recipients. They boost one’s resume simply by being on it. Business leaders all over the world view scholarships as prestigious awards. They demonstrate outstanding merit on behalf of the student and elevate their academic and professional profile.
Are MBAs Still Important?
We’ve talked about scholarships, but let’s get to the other half of this title, and that’s the MBA or Masters in Business Administration degree. There’s been a lot of chatter in the past few years that, as universities churned out MBA graduates, the degree’s usefulness became diluted. Back in 2014, the MBA was the most popular master’s degree program in the United States, but some may now question its value. Well, worry not. The MBA has staying power, and its cachet is far from being spent.
In fact, MBAs are still considered one of the most prestigious degrees, both in the United States and abroad. MBA degree programs in the USA are as varied as the academic institutions that offer them. It is important that students applying for MBA scholarships in the USA pick a proper specialization, but they also need to decide whether they will get their degree through distance learning. Here at SFBU, we are proud to offer our classes online (as well as in a more traditional in-person setting). This is what has made us such an appealing choice for students from around the world.
Just consider for a moment the rapid advancement in technology and manufacturing. Global businesses require more effective management techniques, paradigm-shifting strategies, and future-proofed business practices. The fact is that business management exists on the same level as medicine or the law. Skilled management professionals keep the gears of commerce turning.
The Early MBA
Although business management exists alongside medicine and law today, that wasn’t always the case. The concept was not well received in the 20th century. It wasn’t until the mid-20th century that industrialization kicked into full gear and business managers became ubiquitous. Specific business standards and labor laws were implemented to govern the use of sophisticated machinery. As manual labor changed, the way businesses were managed also needed to change.
As new businesses and advanced manufacturing evolved, executive boards across the country - and the world - began looking for ways to create more effective management techniques. Managing a company well became something more akin to a science than an art. Industry managers of all types needed to find ways to address divisions of specialization, labor tasks, and workflow hierarchy. And it would be the colleges and universities that answered the call to teach these business owners and managers best practices in running an efficient business. While the first known business school was established in 1819 in Paris, by the mid-20th century universities and colleges were teaching business and offering MBA scholarships in the USA for local and foreign students.
Today, the core MBA curriculum includes accounting, business strategy, economics, finance, and manufacturing and production. And yet, many universities have expanded on those core competencies to include:
- Operations Management
- Health Tech
- Marketing and Advertising
- Social Enterprise
MBAs have gone through a varied evolution since the first business school was created over 200 years ago. Today, they are still considered to be a valuable degree that imparts a diverse set of skills to those who earn one. And scholarships represent a great opportunity for students who may not have the funds up-front to receive a quality education. If you are a foreign student curious about obtaining a scholarship for an MBA in the USA, we’d like to propose Northern California. SFBU offers competitive programs and generous scholarships, tuition assistance, and grants. Now is the time for an MBA from a prestigious university in the Bay Area. Our phone number is +1-510-803-SFBU.