Why study an MBA in South Korea?
The state of the art infrastructure, interesting and varied culture, climate, geography and good transport links to Asia and the rest of the world make South Korea an extremely desirable place to study.
Choosing to study an MBA program in Asia is an excellent idea, with business opportunities and a fast growing economy. An international MBA program in South Korea might just be the best option of all them.
What international MBA programs are offered in South Korea?
South Korea offers two main types of MBA program: a general MBA and an executive MBA. The general MBA program lasts for two years, whereas the executive MBA lasts for 22 months (on Friday and Saturdays only). Executive MBA programs benefit a lot of people - they are designed to be studied whilst the student is working.
For both types of MBA core business modules must be taken in order to build the foundation of your degree. You then have the option to add electives that tailor your degree to meet your specific needs and interests. South Korean business schools offer the opportunity to concentrate in a variety of areas such as marketing, accounting, finance and strategy/organisation.
Immigration and visas in South Korea
In order to study an international MBA program in South Korea you will need to obtain an Overseas Study (D-2) visa, which you will only be able to get after you have been offered a place at an approved institution. You will also need to be able to demonstrate the following:
- Letter of acceptance from your university
- More than $10,000 in your bank account to prove you can support yourself
- Proof of your undergraduate qualification
Your passport must also be valid for the duration of your studies in South Korea. You will also only be able to work a maximum of 20 hours per week as part of your student visa requirements.
What are the costs of studying for an MBA in South Korea?
You should expect to pay around 50,000 won in tuition fees when studying an MBA in South Korea. This is equivalent to USD$48,000. Tuition fees are normally payable in instalments throughout the course and scholarships are often available too.
Working in South Korea
South Korea is one of the world’s major economics and had the fastest growing economy anywhere between the 1960s and 1990s. It is dependent on international trade, being the sixth largest exporter of goods and tenth largest importer in the world in 2010.
The country’s economy is founded on high-technology industries, so business graduates looking to specialise in subjects such as mechatronics, electronics, automobiles and robotics should be able to find employment or business opportunities in South Korea.
What to do next
If you would like more information on choosing and applying for an MBA program in South Korea, sign up to our Free Application Service. We’ll get in touch with you with information tailored to your requirements, including advice on the best business course for you.
