Indonesia has seen unparalleled growth in recent years in terms of economy, and according to some studies, could soon rival China and India. Because of this growth, the demand for MBA’s in the country is also beginning to grow, but in some cases, it is not growing fast enough to meet the demands of jobs that opening up, such as senior and mid-level managerial positions in existing companies, not to mention the ones that are now discovering Indonesia’s economic potential, including some of the world’s most famous and profitable Fortune 500 companies. However, many reports show that a great number of Indonesians are now seeking an MBA, and these numbers are rising in colleges all over the world. One entrepreneurial and research-driven school, which is based in Southern California, saw a sharp rise in applicants recently, with nearly thirty applications coming into the school.
Many Indonesians are seeking an MBA despite the price and potential debt attached. Most understand the potential for success in both their native country and abroad, and colleges in the U.S. are now creating degrees that are tailor-made for them. There are many full-time MBA’s available in major colleges across the country that focus on the economy in Asia, and now others are emerging as well, such as the Fully Employed MBA, Global EMBA for Asia Pacific, Master of Financial Engineering (MFE) and the newest of the batch, the Global EMBA for America. The demand for the MBA’s are rising sharply because of Indonesia’s economic growth and because young people see future opportunities within that growth. With the global economy and business becoming more technology-based, these degrees will be necessary in order to run future companies who think outside the confines of their own culture and embrace social and global business practice.
It’s possible that like China and India, schools there will surge ahead of the U.S. when it comes to students who are applying for MBA’s. Several reports indicate that the demand for MBA’s in American colleges is dropping sharply while those in Asian colleges are on the rise, up to almost eighty percent. These figures will probably continue to increase the more Indonesia rises as a major economic power and its young people have more high-level job openings available to them. Despite the hard work and cost of these degrees, Indonesia’s young people are no doubt up to the challenge as these global trends continue.