Immigration policies in the United States and Great Britain are making it less appealing for students from other countries to pursue MBAs there, even though they are home to some of the best MBA programs in the world, according the Economist.
America has the best universities in the world, but its immigration enforcers have done a good job of making them less attractive. The proportion of the world’s overseas students who come to America has fallen from 23% in 2000 to 18% in 2009.
In 2011, America educated 448% of the world’s MBAs, a sharp reduction from the 668% it claimed in 2000, the Economist reports. The number has shrunken from 126,000 to 116,000. The main difficulty is getting a visa for work. According to the Economist, even highly-skilled foreigners, like MBA graduates, typically wait a decade for a green card.
The proportion of Silicon Valley startups with immigrant founders has fallen from 52% to 44% since 2005, the magazine said.
In Britain, meanwhile, students from outside the European Union are getting squeezed even more. In its efforts to reduce net immigration, the Conservative Party has made the application process to receive student visas significantly more difficult, the Economist reports. British business schools were down 11 percent over the past year according to its own recent MBA rankings.
But with their tighter immigration policies, the United States and Britain are the ones who stand to suffer, the Economist piece argues. The schools lose out on tuition from foreign students, native-born students lose out on the valuable opportunity to mix with bright people from elsewhere and truly understand the globalized world, and foreign students are less likely to forge connections that could lead to future business between their home countries and the U.S. and U.K.
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