Happiness is not a long-term goal for most MBA aspirants. It is not part of the narrative in application essays. Most cite reaching an executive level as one of the long-term goals. The daily responsibilities of overseeing the company’s growth, handling competition, and developing strategies to gain market share are part of the responsibilities that make the position attractive.
Unfortunately, the truth is that looking at long-term goals with a narrow scope is detrimental in what can be achieved with an MBA. The location post-MBA is crucial. With a global job market, MBAs are not looking to settle down in host countries post-MBA; they are looking for a higher standard of living, social consciousness, and the right environment to raise a family.
Happiness should be a factor for Business School ranking, and an MBA should not be evaluated just from an ROI point of view. Interestingly, the latest World Happiness Report highlights some of the factors that are important for MBAs before they consider post-MBA job locations to settle down.
Six factors that influence happiness of a country are social support, freedom to make life choices, generosity, perceptions of corruption, life expectancy, and GDP per capita. When you look at the top MBA destinations, and rank them according to happiness, here is the list:
1. Denmark (1)
2. Netherlands (4)
3. Canada (6)
4. Australia (10)
6. United States (17)
7. Ireland (18)
8. United Kingdom (22)
9. Brazil (24)
10. France (25)
11. Germany (26)
12. Singapore (30)
13. Italy (45)
14. Russia (68)
15. Portugal (85)
16. China (93)
17. India (111)
*Ranking on right
We had earlier looked into top MBA destinations based on Salary Increase & GDP Growth, top MBA based destinations based on innovation, top MBA destinations based on cost of living & purchasing power.
As you can see in the ranking, the population of the country had an impact on the general well-being and GDP per capita of the country. MBA aspirants are recommended to look at cities on a case-by-case basis before picking a post-MBA job location. For short-term post-MBA goals, finding opportunities in growth economies, might be useful.
The ranking is especially useful in a post-2008 world, where some of the major European countries have been impacted and the perception of well-being is directly correlated with high unemployment rate. In economies where the unemployment rate is higher, the sensitivity towards corruption is also high, thus affecting the happiness of the country.
In emerging economies, the lack of infrastructure to meet the growing demand of the economy has been one of the major contributing factors for the general unhappiness. A high perception of corruption is another factor that has led to poor ranking for India and China – two top ranking MBA destinations based on growth and learning opportunities.
The strong social support system and high GDP per-capita have led Denmark, Netherlands, and Canada to dominate happiness ranking. The challenges faced by growing economies are non-existent in these countries, making them favorite destinations for raising a family, and setting down post-MBA.
World Happiness Report 2013
2019 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)
Top 31 MBA Programs in United States – Total Cost & Salary (2017)
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee (2018)
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)
MIT vs. Stanford MBA (2017)
Haas vs. Ross MBA (2018)
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA (2017)
IIMA vs. ISB (2017)
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
Scholarships in the UK