Is studying international MBA in Ho Chi Minh City, Vietnam, the best solution?
While the demand for studying abroad for an MBA is becoming saturated, pursuing an MBA in Ho Chi Minh City with a domestic learning model but an international degree is increasingly trending in recent years.
Studying for an MBA in Ho Chi Minh City is the optimal solution today
A study by Statistics Portal shows that the tuition fees for MBA programs in the United States range from $55,000 to $140,000, equivalent to about 1.3 billion to 3.4 billion Vietnamese dong. In Australia, according to IDP figures, the tuition fees for MBA programs in 2019 varied by institution, ranging from $50,000 to $81,400 AUD, approximately 830 million to 1.3 billion Vietnamese dong.
With current costs, to prepare for studying abroad for an MBA, candidates typically need to save for at least 8-10 years, not to mention living expenses and other incidental costs. Given the substantial tuition fees of foreign MBA programs, candidates face considerable challenges in realizing their master’s degree dreams.
However, studying for an MBA in Ho Chi Minh City, with an average tuition fee for an international program MBA study around 360 million dong, presents a significant difference. Compared to the fees in other countries, students can save more than half of the tuition cost. They can pursue their aspirations for higher education while still maintaining a stable income in the Vietnamese market.
Not stopping there, when deciding to pursue a Master of Business Administration (MBA) abroad, candidates must temporarily set aside their current jobs for at least 2 years. For certain specialized positions with high turnover rates, an extended absence can pose a significant disadvantage to one’s career progression.
In reality, based on a survey conducted by Manpower within the Vietnam Human Resources Overview Report in 2020, there is a shortage of high-skilled labor in Vietnam, accounting for only 11.6% out of the total 53.15 million workers. This segment is highly sought after due to the demand for domestic job requirements, necessitating market knowledge while simultaneously fulfilling the necessary knowledge and skills for the job.
Given the general financial situation and one’s career trajectory, pursuing an MBA in Vietnam is considered a sensible choice.
Major economic cities in Vietnam, including Ho Chi Minh City, Hanoi, and Da Nang, offer vast opportunities for business-related roles. Simultaneously, the educational development in these major cities provides international training programs for undergraduate and postgraduate degrees recognized globally. Owning a prestigious degree is seen as a passport for career advancement without the need for extensive travel.
Currently, MBA programs in Vietnam offer various study options, depending on candidates’ time availability and preferred study locations.
Among these, the PSO MBA program – Master of Business Administration from Western Sydney University, ranked in the top 1% globally, in collaboration with the University of Economics, Ho Chi Minh City, has introduced two study formats: distance learning (100% online) or in-person classes during weekends. Online MBA learning offers students flexibility in choosing their study location. It allows students to engage in weekend activities, including discussions with leaders from prominent businesses.
At Ho Chi Minh City, the PSO MBA stands as a premier MBA training program offering multiple study time options for students, including on-campus classes (evenings and weekends) or fully online (100%), catering to individual needs. This internationally standardized Master of Business Administration program, PSO MBA, is designed by the University of Western Sydney, Australia (ranked in the top 1% of the world’s outstanding universities).
Explore further information about the PSO MBA program HERE.
Besides a faculty comprising leading professors and Ph.D. holders from AACSB-accredited universities in the United States and Australia, the program facilitates students to engage and learn alongside over 35 business leaders and managers from 35 TOP MNCs in Vietnam.
Upon completion of the MBA program, students will be awarded a degree directly from the University of Western Sydney, Australia. According to the 2022 rankings released by the World University Ranking, the University of Western Sydney ascended 5 places, ranking 13th nationally and securing a position in the 201–250 global ranking. Therefore, a degree conferred by the University of Western Sydney is internationally recognized.