starslayer wrote:I would also think about what you are going to do with this degree. Will going to an American university as opposed to the one you currently attend actually benefit you in getting a job?
Yes. A startling number of World Leaders have US educations: http://www.educationusa.info/files/a3a6 ... 0Today.pdf
The number of international business leaders (for businesses not created in the US) is probably also disproportionate in favor of leaders with a higher education degree from a US university (although I don't have any statistics off hand to back this up at the moment).
A degree from the best Mongolian University will be good inside of Mongolia (from anyone that's heard of it's reputation). A degree from an average or above average American University (that's well known) will be good just about anywhere (from anyone that's heard of it's reputation).
The important question after that is "Do you want to move away from your home country permanently?" If yes, then an education from a US University will go a much longer way. Even if you don't, if you wanted to be, say, "Mongolian Ambassador to the US" then studying in the US would likely be more beneficial than studying in Mongolia, as you'd have a perspective on the way Americans think, and how to interact with them when you need to make a deal or come to a consensus on the best way forward. If you wanted to be "Mongolian Ambassador to China" then studying in China would probably be better.
Speaking of China, they've been sending engineering students here (the US) for years, trying to overcome the gap in our economies to the number 1 position (the idea is that the students bring the knowledge home with them, to improve processes in China, and make China a better place). Unfortunately for them, this has back fired:http://en.wikipedia.org/wiki/Brain_drain#China