MBA is the most sought-after graduate program in the world. Pursuing MBA can be treated as a future investment. Reasons for enrolling in MBA abroad for Indian students are that it is widely recognized, increases earning potential, develop networking contacts, start your own business, learn about a specialization based on interest and anybody can pursue it.
MBA is also most preferred among the recruiters. It helps in building cross-functional skills and essential soft skills. An MBA degree may provide you with a plethora of chances, which is why studying overseas for Indian students is usually a fantastic decision. Indian students can pursue high-quality MBA degrees abroad in nations such as the United States, the United Kingdom, Canada, Germany, and Australia.
Table of Contents
Why MBA Abroad?
Pursuing an MBA Abroad allows you to obtain an internationally recognised degree while also exploring work prospects abroad with a greater pay and professional advancement. The IMF predicts that the quantity of liquidity in the globe following a recession would increase global traction, resulting in extraordinary growth in 2022/2023. As a result, students who want to start studying in 2021 should not hesitate to pursue their aspirations.
Here are some of the main reasons why you might consider obtaining an MBA from abroad:
- Global Recruiters: MBA Abroad has a broad reach since it allows you to collaborate with organisations all around the world. You can work for Amazon, Google, Intel, or BCG in any nation you desire.
- MBA Colleges Abroad Offer a Variety of MBA Specialties: MBA Colleges Abroad offer a variety of MBA specialisations to select from. You can study these specialities full-time, part-time, online, or from a distance, depending on your needs.
- Practicality: MBA Abroad course curriculum is developed in such a manner that it focuses more on the practical parts and applications of business and management, taking considerably less time to prepare for your MBA career abroad.
MBA Abroad vs MBA in India
There is a significant difference between an MBA abroad and an MBA obtained in India. Here are a few important factors that distinguish MBA Abroad from MBA India.
| Top Colleges | London Business School, HEC Paris, IESE Business School, The Wharton School, Melbourne Business School, etc | MDI Gurgaon, IIM Bangalore, IIT Kharagpur, XLRI Jamshedpur, SPJIMR Mumbai, etc |
| Average Fees (INR) | 20 to 80 Lakhs | 12 to 30 Lakhs |
| Language Proficiency Test | TOEFL and IELTS | None |
| Eligibility | A bachelor’s degree in business or a similar discipline is required, as well as 3 to 5 years of work experience. | A graduate degree in any field from a recognised university is required. |
| MBA Entrance Exams | GMAT | CAT/MAT/XAT/CMAT/GMAT |
| Duration | 1 to 2 years | 2 years |
| Work Experience | 3 to 5 years | 2 years |
| Average Annual Salary (INR) | 18 to 60 Lakhs | 5 to 25 Lakhs |
Top MBA Abroad Stations For Indian Students
Every year, thousands of Indian students go abroad to study MBA. USA, Canada, Germany, Australia and UK are a few top countries to study for international students. Let’s understand the eligibility and top universities of these countries for MBA for Indian students.
MBA in USA
Most of the top universities around the world are located in the United States and thus, MBA abroad for Indian Students is a huge potential for the students who are residents of India. However, there are many requirements for students from India in order to get admission into a US University.
The basic requirements for Indian Students to get admitted into a US University are:
- Minimum of four years of Bachelor’s Degree from a recognized institution in India.
- A score above 600 in GMAT.
- Language Proficiency Tests like IELTS or TOEFL.
- Letter of Recommendation
- Statement of Purpose
- CV
In addition to this, the top universities in the US for Indian Students to pursue their MBA courses are:
| Name of the College | Duration | GMAT Scores | Average Cost |
| Harvard Business School | 1 to 2 years | 730 | INR 1,11,70,692 (146,880 USD) |
| University of Pennsylvania Wharton | 1 to 2 years | 710 | INR 1,23,79,221 (162,756 USD) |
| Stanford Graduate School of Business | 1 to 2 years | 737 | INR 1,13,64,276 (149,412 USD) |
| MIT Sloan | 1 to 2 years | 724 | INR 1,17,03,876 (154,336USD) |
| Columbia Business School | Equal to or more than 3 years. | 717 | INR 1,17,77,437 (154,752USD) |
Check out: MBA in USA
Best MBA Colleges In USA For Indian Students
Here is the list of best MBA colleges abroad for Indian students:
- Harvard Business School, USA
- Stanford Graduate School of Business USA
- University of Pennsylvania, USA
- Sloan School of Management (MIT) , USA
- Chicago Booth School of Business (University of Chicago), USA
- Columbia Business School (Columbia University), USA
- Stern School of Business, USA
- Haas School of Business (University of California, Berkeley) USA
- Anderson School of Management (UCLA),USA
- Marshall School of Business (USC),USA
- Robert H Smith School of Business, University of Maryland USA
- UC Davis Graduate School of Management (University of California, Davis), USA
- Carey Business School, John Hopkins (University in Baltimore, Maryland), USA
- McDonough School of Business, Georgetown University, USA
MBA in Canada
MBA Courses in Canadian Universities are much more recommended for students coming from abroad. This has been happening because, the education system of Canada is publicly funded, and therefore, the quality of the courses is much better at an affordable cost as well. Moving forward, the main requirements for Indian Students to study MBA in Canada are:
- A Bachelor’s or an equivalent degree from a recognized university.
- A certain time of work experience is also recommended to have for the students.
- A score of 6.5 IELTS or TOEFL Score.
- GMAT Score above 500 as well.
In addition to this, the top universities in Canada for Indian Students to pursue their MBA courses are:
| Name of the College | Duration | GMAT Scores | Average Cost |
| Schulich School of Business | 2 years | 660 | INR 29,68,621 (39030 USD |
| Desautels Faculty of Management | 1 year | 660 | INR 55,90,410 (73500 USD) |
| Ivey Business School | 1year | 667 | INR 67,02,787 (88125 USD) |
| Smith School of Business | 1year | 654 | INR 54,16,993 (71250 USD) |
| Rotman School of Management | 2 years | 669 | INR 33,91,287 ( 44,587 USD) |
Check Out: MBA in Canada
MBA in Germany
MBA Abroad for Indian Students, precisely in Germany will be a beneficial factor for students from India. This is because Germany takes its education system very seriously. The country has also different features like state-of-the-art infrastructure, it has top-class facilities and includes no tuition fees as well. Thus, the eligibility requirements for Indian Students to pursue their MBA Course from Germany are –
- Bachelors or an Equivalent Degree from a recognized university.
- Around 2-3 years of Work experience.
- Above 550 Score in GMAT.
Top Universities in Germany to pursue MBA are:
| Name of the College | Duration | GMAT Scores | Average Cost |
| European Business School | 1 to 2 years | 550 | INR 32,32,550 (42500 USD) |
| Frankfurt School of Finance and Management | 1 year | 660-730 | INR 32,08,210 (42180 USD) |
| European School of Management & Technology (ESMT) | 1 year | 640 | INR 20,00,378 (26300 USD) |
| WHU-Otto Beisheim Graduate School of Management | 1 year | 600 | INR 34,22,700 (45000 USD) |
| Mannheim Business School | 1 year | 600 | INR 33,61,852 (44200 USD) |
Check Out: MBA in Germany
MBA in Australia
MBA Abroad for Indian Students is a great option and moreover, MBA in Australia for Indian Students is a better option as well. Indian Students should try to pursue their MBA Courses from Australia because it will help them to improve their career as the faculty and the infrastructure in the Australian Universities are much better compared to other countries. Thus, the basic eligibility requirements for Indian Students to get into Australian Universities are –
- Minimum Education or 10+2+3 is required for an Indian Student to study MBA in Australia.
- A Bachelors Degree or equivalent from a recognized university or institution with at least a 60% score.
- GMAT Score above 590.
The top universities in Australia for pursuing MBA are:
| Name of the College | Duration | GMAT Scores | Average Cost |
| AGSM | 16 months | 660 | INR 44,08,437 ( 57,960 USD) |
| Melbourne Business School | 1 year | 650 | INR 47,00,508 (61,800 USD) |
| La Trobe Business School | 18months | 600 or more | INR 21,09,752 (27,738 USD) |
| Monash Business School | 2 years | 600 or more | INR 23,09,181 (30,360 USD) |
Check Out: MBA in Australia
MBA in UK
MBA abroad for Indian Students is of huge potential and Indian Students should specifically choose to pursue their MBA Courses from the United Kingdom. This is because Universities in the UK are of only one-year duration compared to Universities in Canada and the USA where they have MBA courses for a time span of three years.
The requirements for Indian Students to pursue their MBA Courses from the UK are:
- Three years of Full-Time work experience, however, is not valid in every University in the UK.
- A Bachelor’s Degree or a degree equivalent from a recognized university.
- At least a score of 6.0-6.5 in IELTS.
In addition to this, the top universities in the UK for Indian Students to pursue their MBA courses are:
| Name of the College | Duration | GMAT Scores | Average Cost |
| Warwick Business School | 1 year | 660 | INR 38,15,017 (50,158 USD) |
| Cambridge Judge Business School | 1 year | 640-730 | INR 53,75,929 (70,680 USD) |
| Said Business School | 1 year | 690 | INR 56,10,718 (73,767 USD) |
| London Business School | 1.25 years | 701 | INR 82,90,540 (109,000 USD) |
| Alliance Manchester Business School | 1 year | 600+ | INR 41,49,833 (54,560 USD) |
Check Out: MBA in UK
MBA in France
France is another very amazing study abroad destination. The MBA programs in France do not get the attention. But, if you consider then France is a magnificent country for pursuing MBA.
Top Business Schools in France:
Two of the most competitive and top-ranked management institutions in the world are located in France – INSEAD and HEC Paris. In addition to this, ESSEC, EDHEC, ESCP Europe (Paris), Grenoble Business School, Emylon Business School, SKEMA Business School are prominent.
MBA Tuition Fees in France:
USD $70,000 to $98,000 (INR 45–65 Lacs)
Check Out: MBA in France
Best MBA Abroad
There are various different courses that are available for the students after they have completed their MBA. The best courses are considered to be Financial Risk Management, Chartered Financial Analyst, PhD in Management, Data Science, Data Analyst, Executive MBA, SAP Course and many other courses are recommended as well.
MBA in Finance
The eligibility for the students in pursuing MBA in Finance is that the students will need to study the course for a duration of two years. 50% marks in Bachelor’s Degree and Entrance Examination scores are also required.
MBA in Marketing Abroad
MBA in Marketing from a university in Abroad needs a lot of different requirements and the main requirements include Bachelor’s degree from a recognized university with at least 50 percent scores and Entrance Exam scores are also required as well.
MBA in Digital Marketing
MBA in Digital Marketing from a university Abroad needs a lot of different requirements and the main requirements include Bachelor’s degree from a recognized university with at least 50% scores and Entrance Exam scores are also required as well.
MBA in International Business
The requirements for MBA in International Business are that the students will need to have a Bachelor’s Degree with a minimum of 50-60% marks and register and take a suitable entrance exam like GMAT or TOEFL.
MBA in Interior Designing
In order to do MBA from Abroad in Interior Designing, the student must have to pass graduation with any stream and they will also need to sit for certain entrance exams like TOEFL, IELTS or GMAT as well.
MBA in Hotel Management
To pursue MBA in Hospitality from Abroad, the students will need to have a bachelor’s degree with a minimum of 50% grades and moreover, they will also need to have work experience of around 3-5 years in their field of work as well.
MBA in Data Analytics
The student will need to have a minimum percentage of 50-60% in their bachelor’s Degree and moreover, they will also need to have work experience and IELTS or TOEFL Scores around 4.5-7.0 as well.
Check Out: MBA in Singapore
Entrance Exam for MBA in Abroad
The various entrance examinations that are needed to be given by the students in order to get admitted into a University Abroad. For pursuing MBA, the students will need to sit for an entrance exam which is preferably GMAT or GRE. However, entrance examinations vary according to the countries in which the universities are located.
| Country | Exam | Duration |
| Canada and the US | TOEFL | 1hr |
| UK, Australia, New Zealand | IELTS or PTE | 30 mins |
| Canada | CELPIP | 2hours |
| UK | CAE or CPE | 2hours |
MBA in Abroad Admission Process
For MBA Programs in Abroad GMAT, TOEFL, and IELTS scores are used to determine admission. A bachelor’s degree in business and at least 4-5 years of work experience are required for the MBA Abroad programme.
MBA Abroad Requirements & Eligibility
Studying MBA Abroad might appear to be a bit complicated in terms of the different criteria that must be met.
As a result, to simplify matters, the following are the most typical MBA Abroad qualifying requirements to follow:
- Academic Requirements: Candidates seeking an MBA from a foreign nation must have a bachelor’s degree in business or a comparable subject of study from a recognised university.
- Language Proficiency: One of the most important MBA Abroad prerequisites is to be fluent in the language of the nation where one wishes to study their MBA.
- Work Experience: 3-4 Years
MBA in Abroad without Work Experience
MBA programmes without job experience are available in countries such as the United States, the United Kingdom, France, Australia, and Germany.
In order to pursue an MBA overseas without prior work experience, candidates must satisfy the following requirements:
- A high GMAT score
- Excellent academic records
- A powerful personal letter
Some of the top universities providing MBA Abroad without job experience are listed below, along with the country and typical prices.
| Colleges | Country | Average Fees INR (USD) |
| University of West London | UK | 12,67,500 (16,900 USD) |
| Haas School of Business | USA | 48,48,900 (64,652 USD) |
| University of Northampton | UK | 14,38,125 (19,175 USD) |
| Chicago Booth School of Business | USA | 54,00,000 (72,000 USD) |
| Coventry University | UK | 15,32,850 (20,438 USD) |
| Monash University-Graduate School of Business | Australia | 22,77,000 (30,360 USD) |
| Graduate School of Business and Law, RMIT | Australia | 24,93,000 (33,240 USD) |
| University of Windsor | Canada | 15,52,500 (20,700 USD) |
| Brock University | Canada | 17,29,650 (23,062 USD |
| Thompson Rivers University | Canada | 17,19,600 (22,928 USD) |
Check Out: Top 6 B-Schools Providing MBA in USA Without GMAT Requirement
MBA Abroad Cost
The cost of an MBA in another nation varies per country. For example, Germany provides MBA Abroad at a reasonable cost, but the cost of MBA Abroad in the United Kingdom, Canada and United States is extremely high.
Check out the cost of an MBA Abroad programme by country to get a better idea :
| Country | Average Fees ( INR ) |
| USA | 60 to 80 Lakhs |
| Germany | 0 to 40 Lakhs |
| Canada | 15 to 60 Lakhs |
| Australia | 12 to 30 Lakhs |
| UK | 20 to 65 Lakhs |
| Singapore | 45 to 65 Lakhs |
| Ireland | 10 to 29 Lakhs |
| New Zealand | 15 to 25 Lakhs |
MBA in Abroad without GMAT
Studying an MBA in Abroad without GMAT is possible. It is seen that Universities like IE Business School, National University of Singapore, Australian National University and many other institutes are offering MBA Courses for the students without any GMAT Scores.
To pursue an MBA abroad without taking the GMAT, you must have the following qualifications:
- Excellent academic records
- A solid resume
- Minimum 5 year work Exp.
The table below includes some of the finest colleges that offer MBA programmes without GMAT requirements, as well as the country and average fees :
| Colleges | Country | Average Fees INR (USD) |
| Sobey School of Business | Canada | 23,41,950 (31,226 USD) |
| Anderson School of Business | USA | 48,83,350 (65,114 USD) |
| Kenan-Flagler Business school | USA | 49,74,300 (66,324 USD) |
| Kellogg School of Management | USA | 75,96,660 (101,288 USD) |
| Melbourne Business School | Australia | 45,45,390 (61,800 USD) |
| Schulich School of Business | Canada | 29,27,250 (39,030 USD) |
| Australian National University | Australia | 24,77,775 (33,037 USD) |
| Lazaridis School of Business and Economics | Canada | 24,75,000 (33,000 USD) |
| Monash University | Australia | 22,32,978 (30,360 USD) |
| Macquarie Graduate School of Management | Australia | 20,29,980 (27,600 USD) |
MBA abroad syllabus
The MBA abroad syllabus is normally divided into two years, with fall and spring semesters.
For the first year, students must follow the compulsory curriculum, and in the second year, they must pick from a variety of electives offered by institutions.
MBA Abroad: Subjects
The table below displays the standard MBA Syllabus for MBAs completed outside of the United States, however it may vary according on the location and university chosen.
| Year 1 (Fall semester) | Year 1 (Spring Semester) |
| Marketing | Finance 2 |
| Financial Reporting and Control | Strategy |
| Short Intensive Programs | Business, Government, and the International Economy |
| Finance 1 | The Entrepreneurial Manager |
| Interpersonal Skills Development Lab | FIELD Global Immersion |
| Technology & Operations Management | Leadership and Corporate Accountability |
| Leadership & Organizational Behavior | – |
| Year 2 (Fall semester ) | Year 2 ( Spring semester ) |
| Finance | Business, Government & the International Economy |
| Accounting and Management | Negotiation, Organizations & Markets |
| General Management | Entrepreneurial Management |
| Marketing | Technology & Operations Management |
| Strategy | Organizational Behavior |
MBA in Abroad Jobs
MBA in Abroad for students is a very profitable aspect and thus, it eventually proves to be a point in improving the skills and knowledge of the students as well and MBA in Abroad also improves the level of specialization in the students as well. It is also considered that an MBA from a foreign country is way cheaper than a University in India. Thus, studying MBA abroad is a better option for students.
The jobs that the students can get after pursuing MBA in Abroad are:
- Project Manager
- Business Development Manager
- Product Manager
- Marketing Manager
- Analytics Manager
- System Manager
- Data Processing Manager
- Business Analyst.
MBA Abroad After CA
Chartered Accountant is a specialised and certification course that allows you to work for all reputable organisations and audit firms as a chartered accountant.
You must have completed 12+ 3 years of school to be eligible for MBA Abroad following CA, which means students who did not complete a BCom or any other degree prior to CA are not eligible to apply.
In addition, to be eligible for MBA Abroad programmes, you must have worked for more than 4-5 years after completing your CA.
Many students prefer to pursue an MBA abroad following CA to improve their employment prospects and pay packages. The following are the main reasons why you should pursue an MBA abroad after CA:
Career Opportunities : CA is a highly regarded degree programme in India; but, if you take MBA Abroad following CA, you will have a greater chance of obtaining appropriate positions with a broader selection of job profiles to pick from in developed nations such as the United States, United Kingdom, Canada, Germany, and Australia.
Personal Development: A CA degree provides a firm foundation in accounting and finance, whereas an MBA degree entitles you to get experience in the corporate sector. Teamwork, communication, and decision-making are just a few of the skills you’ll master in business schools throughout the world.
Carrer control: CAs who seek an MBA abroad might change careers from accounting and finance to other disciplines such as human resources or marketing.
Understanding of Business Worldwide: MBA Abroad after CA will help you develop a better understanding of business and management throughout the world, which will help you locate better and more diversified career options where you can apply your business and financial skills.
MBA Scholarships For Indian Students Going Abroad
The best MBA colleges offer many scholarships for Indian students, and yes there’s a perception that these are very tough to achieve considering the quantity of aspirants targeting them, it is obviously not an impossible job as it may look like.
Lots of scholarships are indeed merit-based, need-based, those who are having military background or aspirants who have portrayed leadership skills or have a special and deserving profile. The need-based scholarships are to be given after taking into consideration the financial aspect which indeed includes different types of assets and previously taken or availed outstanding loans/liabilities.
- Harvard MBA scholarship: This school offers need-based fellowships to deserving students wherein one would receive around $34,000 per year. The special interest fellowships are kept for those with various interests or backgrounds.
- Wharton MBA scholarship: There are numerous fellowships available like the evolving economy fellowships (students from emerging economies), Joseph Wharton Fellowships (outstanding achievements), Howard E. Mitchell Fellowships (outstanding students from under-represented backgrounds), Forté Fellowships(female students), Social Impact Fellowships (public or not-for-profit sector).
- Stanford MBA scholarship: The Stanford Reliance Dhirubhai Fellowship is given to a maximum five students. This scholarship provides special assistance to cover the entire tuition and fees for every two years of the specific program.
- Columbia Business School MBA scholarship: Scholarships that are available:
- Merit-based: Forté Foundation Scholarship (for women) and Toigo Fellowship (under-represented groups pursuing finance careers)
- Need-based: Amounts are given in the variety of $7,500 to $30,000 and may be renewed.
- Chicago Booth scholarships: There are various scholarship and fellowship prizes and awards. A few of them are:
- The India Trust Fellowship, Akhtarali H. Tobaccowala Fellowship (for students from India). Financial Times has done a great task by displaying down the scholarships offered worldwide by the various business schools. Shortlisted scholarships that are applicable to international students for some of the reputed programs.
Hence, MBA from abroad is not only educationally prosperous but also hold great professional scope and with the correct planning, it can be afforded by the Indian student.
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FAQ
Ans. Presently in India, except for the top business schools, the MBA curriculum is not on par. It is very difficult and competitive to gain a seat in the top MBA colleges in India
Ans. Pursuing an MBA degree from abroad can lead to a broad spectrum of career opportunities and also provide a global perspective. Reasons for enrolling in MBA abroad are that it is widely recognized, increases earning potential, develops networking contacts, starts your own business, learns about a specialization based on interest and anybody can pursue it.
Canada is considered to be the best country for Indian Students to pursue their MBA.
Germany is already known for its student-centric educational system and thus, Germany is the country where Indian Students can practically pursue their MBA free of cost.
Ans. Here is the list of best countries to do MBA for Indian Students:
1. USA
2. UK
3. Canada
4. Australia
5. Germany
6. France
Ans. Here is the list of requirements for MBA abroad:
1. Four-year Bachelor’s degree- 16 years of education
2. Work Experience: 2-3 years (based on specific institutes)
3. Resume
4. SOP
5. Letters of professional recommendation
6. Proof of English proficiency- ILETS/TOFEL
7. GMAT score
8. Other documents (based on specific institute requirements)
Ans. The GMAT registration fees is US $250 = Rs.18,250 (Currency Exchange Rate: $1=Rs.73). The GMAT coaching fees in India is between Rs.25,000 and Rs.30,000 for the majority of the coaching institutes.
Ans. Here is the list of expenses for MBA:
1. Entrance exam fees- make sure you clear it in the first attempt.
2. University application fees- apply to colleges which you have higher chances of getting into.
3. Living expenses- moderate approximate living estimates are available. Make sure to save costs wherever possible.
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