Going For An MBA In The UAE: How Lucrative Can It be?
Yes, we are all well-acquainted with the fact that UAE stands as one of the most desirable destinations for any job-seeker on the globe. With a rapidly increasing economy, its sectors are booming with growth and its norms are becoming more flexible to ensure a people inclusive growth.
A lot of things seem to happen in this cluster of seven well-woven princely emirates. For instance, according to sources, in the 2014 economic ranking of cities, Dubai ranks fifth among 300 cities in the world.
This goes without saying that UAE is one of the few countries on the globe that attracts employment in huge numbers, with security and economic stability being the foremost reasons. This can be proven from the low unemployment figures the country has exhibited over the past few months.
But — is there anything more to this exotic country?
What about higher education?
The fact that education mustn’t end at school level is becoming highly rampant amongst Emiratis and the UAE regime. There’s a massively increasing need to improve on skills in the country, to achieve ambitious national plans relating to diversifying the economy. With events like World Expo 2020 in the queue, talent is highly in demand, but short in supply. The need of the hour is qualified executives and professionals who can coordinate the whole economic scenario in this region, hence higher education.
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Why Go For an MBA in The UAE?
This question might boggle your mind a bit, nevertheless it demands an answer.
As suggested by economists, executive education and general business education will play a crucial role in ensuring a continued and optimum access to a highly skilled workforce. This will majorly enable the firms and organizations in the region to maintain their competitive edge and individuals to increase their chances of being a part of these.
A multitude of multinational companies and their recruiters are increasingly being enticed by the UAE to acquire suitable talent. Moreover, world class business schools are part of the blend and benefits this country offers, which in turn counts as a major reason for the fact discussed previously.
The business schools offering an MBA program in the country ranks amongst the best in the world. To be exact the UAE is home to the campuses of 6 of the best 100 business schools on the globe.
London Business School and Insead which ranks 3rd and 5th amongst the best ones in the world, have their campuses here.
Both of these schools offer various executive education programs in addition to the usual MBA, where students get the chance to visit various cities in the world.
Moreover, an MBA pass-out from LBS can expect an average salary of US$156,553 (approximately three years after college), while an MBA student from Insead can take home US$148,183 on an average.
In addition to all this, the Emirates are also home to several other top notch business schools like Cass Business School and Manchester Business School with their MBA program ranked 41st and 43rd in the world respectively. Both of these offer courses in Dubai.
Abu Dhabi too is home to some of the most prestigious business schools like the University of Strathclyde’s, which ranks 73rd in the world.
The Right Way To Go About It
Before picking a college, there are certain precision about MBA in the UAE that you need to keep in mind. Some of them are discussed below.
You Need Some Research:
There are over 50 MBA colleges in the UAE, hence you need to undergo a thorough research in order to know which’s the most appropriate one for you. You can take the help of the UAE course guide to get acquainted to some of the choices available along with the cost associated, accreditations and the institution.
Career and Remuneration:
According to a survey by payscale.com, the average salary for an MBA pass out in the UAE ranges between AED 54,461- 353,331 for men and AED 46,894-239,504 for women (as on 31st Jan 2015). The amount you earn would definitely depend on certain parameters like the industry you’re working in, your MBA College, the work experience you have and your performance to date.
Cost of the Course:
The cost of an MBA in the UAE can vary a lot. It can be anything as low as AED 12,000 to something as high as AED 365,000. The more the reputation and international recognition of the MBA, the more it’ll cost you.
Duration of the Course:
The minimum duration of the course should be a year on a full-time basis. It may also take 2 years to finish or even 5 years on a part-time basis. There’re also some ‘mini MBA’ courses which serve as a multi-faceted course for training purposes instead of a full time MBA. These might be suitable for those with less time and finances.
Nowadays, a number of business schools have moved from providing a standard MBA course to specializations like HR, finance, marketing, sales etc. If you think, there’s a specific field that entices you the most then go for it. However, if you want to gain skills related to all elements of the business, then a general MBA would suit you the best.
The options the UAE offers at your disposal are numerous. Right from the best colleges on the globe to high salary jobs, the country can give you everything you need to lead a comfortable professional life. The final choice is yours. Show some diligence and accomplish your goals.
Author Bio: Anshuman Kukreti is a professional writer and a keen follower of the global job market. An engineer by qualification and an artist at heart, he writes on various topics relating to education and employment across the globe. Reach him @ LinkedIn, Twitter and Google+.