Researching about top Business Schools should be the most important activity in your MBA application process. If you get this process right, then all your efforts in GMAT Preparation, Essay Writing & Editing, Interview Preparation, and coordinating Recommendation Letters will fall into place.

In this deep dive into the factors to consider before choosing an MBA program, we cover:

1) Post-MBA Goal

Subscribe to F1GMAT's Career Planning Service to find the best MBA program for you

Quality of Life: Another reason many of you should consider the post-MBA location is the quality of life. Once you parse beyond the holiday destinations in Europe and research seriously about countries with world-class universities and Business Schools, a few economies stand out.

Quality of Life Ranking – Top Economies (with world-class Universities)

5. Australia    

Despite an inefficient healthcare system, United States is ahead of Canada, the UK, France, and Singapore by a big margin. Only Australia and Germany are ahead but is no match to the opportunities in Consulting, Technology and Finance that the US offers.

Purchasing Power: For the self-funded or those who are raising funds, be realistic about the ROI. It would take at least 3 years to get an ROI on your MBA program. Another important factor when choosing the post-MBA location should be purchasing power.

Read: MBA Selection Criteria