The value of your degree
The outcome of November’s election could impact the value of obtaining business school qualifications in the US—including how they are perceived by employers, the salary you can expect to earn, and the quality of the network you develop.
Trump
“How can you teach someone to be a global business leader in a global business world if you have nothing but domestic students in your classroom?” Tim from Eduvantis asks.
It’s a valid question. Learning with students from all over the world—with different backgrounds and perspectives—is one of the core benefits of pursuing a business school degree. And diversity in the classroom has been shown to improve creativity, critical thinking, and cognitive skills.
Trump’s anti-immigration policies could threaten this diversity.
International students will still apply to top-ranked schools with strong brand reputations, like Stanford and Harvard. It’s the lesser-known US schools—whose appeal is based on their US location—which are more likely to lose out on international talent and where the value of degrees may wane.
Biden
A Biden administration could usher in a more welcoming atmosphere for international candidates and graduates, making it easier for international graduates to find jobs in the US.
However, Scott predicts that the value of a US business degree won’t be significantly impacted by the election’s outcome.
Among employers, business school graduates are still in high demand. Salaries for MBA graduates have increased in recent years. Although the coronavirus pandemic knocked salaries back in 2020, MBAs can still expect to earn six figures, allowing them to recoup the cost of their program relatively quickly.
“Despite short-term political and economic concerns, the long-term value of an MBA from US business schools remains strong,” Scott says.
“Economic recovery, and thus an increase in long-term employment opportunities, will be a top priority [for the US] regardless of the outcome of the November election.”
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