The United States used to dominate charts of the best business schools around the world, but now that other countries have comparable programs, some international students would rather pass up school in the United States instead of dealing with some of the hurdles that now exist. With comparable business programs available in other countries, President Donald Trump's trade war with China and immigration barriers could mean America's missing out on some of the top talent.
"At a point when we have competition for talent, putting up barriers is not necessarily a good thing," Sangeet Chowfla, CEO of GMAC, toldChowfla attributed the decline to three main dynamics: a change in supply and demand, the perception that the U.S. is not a welcoming destination for students and students not selecting the U.S. as a preferred study destination. For students in China, tension between the U.S. and China is also making students' skeptical about studying in the U.S.
Heightened tensions between the U.S. and China combined with broader trends and China's discouragement of citizens studying in America are causing Chinese students to opt for programs in Asia and Europe instead of the U.S. President Donald Trump speaks in the East Room of the White House on Wednesday in Washington, D.C. In 2019, the U.S. had a sharp decline in applications to business programs from international students, which people partially credited to restrictive immigration policies.Back in 2000, the Financial Times didn't put a single Masters in Business Administration Program in Asia on its list of the top 50 programs worldwide. Last year, programs in Asia took 12 of the top 50 spots.
What's different? I mean in their curriculum what is being recognised in their teachings that is becoming world known? Quite exciting.