The Value of Business School Degrees from the UK Remains Unaffected by Brexit
|Published: 9th August 2019 19:34|
As the UK seems all set to finalise its departure from the EU on the 31st of October, a lot of things are changing already, and one of the most profound effects can be seen on the pound sterling’s alarmingly dropping value in the international forex market. However, what is not dropping by any means is the value and demand for a UK business school degree.
Survey Shows that Student Decisions are Unaffected
A survey was conducted earlier in the year to see if the United Kingdom’s decision to separate from the European Union had in any way affected students looking to pursue an MBA or any other business degree from the country’s multiple, well established business schools.
The GMAC survey showed that Brexit had no effects whatsoever on relevant students, be it for full time MBA or MBA distance learning, as long as it was completed from one of the accredited and respected universities in the United Kingdom.
The Survey Also Shows that Student Interest has Peaked Instead
According to the results published by the survey, about 71% of the business schools in the United Kingdom actually reported a high Y-O-Y peak in student interest instead. It makes sense in context of the situation, as more MBA distance learning programs have come online since last year.
Brexit’s Impact on Foreign Students
There is a clear relationship between Brexit and the increased interest in the UK’s educational institutes in general, and business schools in particular, which becomes apparent on looking at the current situation.
The pound is dropping in value quite consistently, and this has made attending business schools in the UK a lot cheaper for foreign students than it used to be.
On the other hand, the MBA distance learning programs from revered universities such as Aston for example, are catering to students who cannot be physically present in the country, but want to avail the top quality education and the comparatively cheaper price of admission.
The Quality of Education Remains the Same
The fact of the matter is, that the reasons why Cambridge, Oxford, Aston, LSE and others became some of the top business schools in the world have nothing to do with Britain leaving the EU.
The quality of education remains the same, if not improved from the previous years, due to the expanded nature of modern MBA or similar courses. Therefore, from the perspective of the students, Brexit is more of an opportunity for foreign students to take advantage of the financial situation.
Britain is expected to improve the value of its currency, once the turmoil surrounding Brexit comes to a rest and the country regains composure after the separation becomes official. Nevertheless, students that will take advantage of the lowered price of the pound sterling now and get admitted to a top business school in the UK will be able to get a highly respected MBA at a more affordable expense than normal. Taking these facts into account, the peak in interest isn’t surprising at all.