MBA is one of the most in-demand courses today. Pursuing an MBA while studying abroad might provide you with a plethora of opportunities. However, applicants are usually left with one question: which country is best for MBA?
It is difficult to select the best country for MBA because there are numerous aspects to consider. Still, it’s important to remember that why you’re studying MBA abroad and the type of university and MBA programme you attend have connotations that can assist open doors based on the university’s reputation. As a result, it is critical to carefully select a study location before applying.
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Why MBA?
Pursuing an MBA while studying abroad provides you with the opportunity to earn a globally recognized degree and explore work prospects in countries where you can earn a higher salary and advance your career.
Mentioned below are some reasons why you should study MBA from abroad:
- MBA Abroad provides you with the option to study MBA in tops economically developed nations such as the United States, the United Kingdom, Australia, Germany, and others.
- MBA Colleges Abroad provide a variety of MBA concentrations from which to choose. Depending on your preferences, these specialities can be pursued full-time, part-time, online, or via distance learning.
- MBA Abroad course curriculum is structured so that it concentrates more on the practical parts and applications of business and management, allowing you to prepare for your MBA career abroad in less time.
- Recruiters from all across the world: MBA Abroad has a huge scope because it allows you to work with firms worldwide. You can work for Amazon, Google, Intel, or BCG from anywhere in the world.
- Huge Funding Options: Because obtaining an MBA from overseas is expensive; there are numerous MBA scholarships available to help.
The average annual salary for an MBA graduate is as follows:
| Country | Annual Average Salary (INR) |
| USA | 46 Lakhs to 14.45 Crores |
| Canada | 41.6 Lakhs to 12.16 Crores |
| Germany | 38 Lakhs to 12 Crores |
| UK | 75.28 Lakhs to 16.5 Crores |
| Australia | 48 Lakhs to 7.6 Crores |
USA
The USA is one of the best Country for MBA globally, with the largest number of top B-schools. Pursuing an MBA at one of the best universities in the United States is advantageous in and of itself. Still, students also benefit from strong infrastructural support, excellent internships, and exposure to cutting-edge curriculum and technology, as well as practical training through projects. Internships in major firms expose students to the business world, preparing them to become future entrepreneurs and executives.
The fact that an American MBA is all about developing your network and knowing the right people sets it apart from the rest of the globe. In the end, it will be this community of people who will assist aspiring entrepreneurs.
The top 10 universities in the USA for MBA are as follows:
| University | Fees Per Year (INR) |
| Harvard University | 55.4 Lakhs/Yr |
| Stanford University | 56.4 Lakhs/Yr |
| Massachusetts Institute of Technology | 59.6 Lakhs/Yr |
| UC Berkeley | 54.2 Lakhs/Yr |
| Yale School of Management | 56.2 Lakhs/Yr |
| Chicago Booth | 56.5 Lakhs/Yr |
| Columbia University | 58.4 Lakhs/Yr |
| Johns Hopkins University | 48.3 Lakhs/Yr |
| University of Pennsylvania | 62.8 Lakhs/Yr |
| University of California | 51.1 Lakhs/Yr |
Eligibility criteria for MBA are as follows:
- To pursue any master’s programme in the United States, you must have completed 16 years of study. This means that you must have completed a 10+2+4 education or a four-year bachelor’s degree programme.
- GMAT scores: A solid GMAT score is required for admission to most business schools in the United States. Some universities may accept GRE equivalents.
- Applicants who are not native English speakers must confirm language proficiency. International students can use their IELTS and TOEFL scores to apply for study abroad.
- The acceptable TOEFL score is 100.
- An IELTS score of 6.5 is required.
- Work Experience: To study MBA in the United States, applicants must have a minimum of three years of work experience. This, however, differs from one university to the next and depends on the sort of MBA programme chosen.
Check Out: Why study MBA?
UK
Among Indian students, the United Kingdom has traditionally been a popular study abroad destination. London is one of the world’s most important financial and banking capitals, and other UK towns provide tremendous prospects in the services sector. This is reflected in the international reputation of UK business schools, which is based on a rigorous academic approach and high wages and strong career chances following graduation.
The top 10 universities in the UK for MBA are as follows:
| Universities | Fees |
| London Business School | £92,735 |
| Cambridge Judge Business School | £59,000 |
| Said Business School | £65,520 |
| Alliance Manchester Business School | £45,000 |
| Warwick Business School | £43,950 |
| Imperial College Business School | £54,500 |
| Cass Business School | £46,000 |
| Durham University Business School | £33,500 |
| Lancaster University | £33,000 |
| University of Edinburgh Business School | £34,200 |
Eligibility criteria for MBA are as follows:
- A bachelor’s degree with a 2:1 grade point average (50-60%) (some schools may ask for higher scores)
- Most colleges require a GMAT score. 600 people or more (minimum)
- Although not frequently required, two years is ideal (minimum)
- 6.5+ on the IELTS 95+ on the TOEFL
- Resume
- LOR 1 to 3 a copy of an updated CV, Preferably from a professional or a superior.
- 500-word personal statement/SOP addressing short- and long-term career aspirations, how an MBA will prepare you for the future, outlining one teamwork experience, and why you choose the programme.
- A student visa allows you to study in the United Kingdom.
- Proof of your ability to fund your initiative
Germany
In Germany, an MBA is a one-and-a-half-year programme that teaches business and financial management skills. An MBA in Germany also emphasizes developing and improving critical skills for analyzing and integrating information into enterprises. There are over 130 business schools in Germany, with 34 offering MBA programmes.
Because the government funds public universities in Germany, they do not charge tuition fees to students or only charge a small administrative fee. Germany also has some of the greatest MBA schools in the world.
The top 10 universities in Germany for MBA are as follows:
| Universities | Fees |
| Technical University of Munich, Munich | 144 |
| WHU-Otto Beisheim School of Management | 44,845 |
| Technical University Berlin, Berlin | 17,643 |
| University of Hamburg, Hamburg | 14,150 |
| University of Bayreuth, Bayreuth | 11,329 |
| University of Regensburg, Regensburg | NA |
| Leipzig University, Leipzig | 3,475 |
| Saarland University, Saarbrucken | 13,590 |
| Martin Luther University Halle-Wittenberg, Halle | 4,605 |
Eligibility criteria for MBA are as follows:
- Applicants must have a bachelor’s degree in any subject with a grade point average of 60 percent to 80 percent to be considered for an MBA in Germany.
- Aspirants must have a valid score on an English Proficiency Test such as the TOEFL or IELTS, as well as a legitimate score on an admission test such as the GRE or GMAT with a score of 550.
- Documents such as a letter of recommendation, passport, a VISA, bank statements, etc., should be available.
- In Germany, MBA programmes may also require 2-5 years of work experience
Check Out: PhD after MBA
Canada
Many of the world’s largest and most powerful corporations are headquartered in Canada, making it a popular choice among Indian MBA candidates. Oil and gas, mining, manufacturing, agriculture, and forestry are all thriving businesses. Once you’ve completed your degree and are looking for work, you’ll see how much of an impact a thriving economy has on student life.
The top 10 universities in Canada for MBA are as follows:
| University | Fees |
| University of Toronto- Jospeh L. Rotman School of Management | 38.8 Lakhs/Yr |
| McGill University- Desautels Faculty of Management | 25.4 Lakhs/Yr |
| Cape Brenton University- Shannon School Of Business | 5.3 Lakhs/Yr |
| University Canada West | 14 Lakhs/Yr |
| University of British Columbia- UBC Sauder School of Business | 54.9 Lakhs/Yr |
| University of Alberta- School of Business | 16.2 Lakhs/Yr |
| Concordia University- John Molson School of Business | 17.9 Lakhs/Yr |
| Dalhousie University- Rowe School of Business | 11.1 Lakhs/Yr |
| University of Montreal- HEC Montreal | 28 Lakhs/Yr |
| McMaster University- DeGroote School of Business | 65.5 Lakhs/Yr |
Eligibility criteria for MBA are as follows:
- A 4-year undergraduate degree,
- A GMAT score,
- English language ability, and
- Previous work experience is all-important requirement for pursuing an MBA in Canada.
- In Canada, there are additional paperwork requirements for an MBA. Most B-schools in Canada require an IELTS score of 7.0 and a TOEFL score of 100.
Australia
Another popular study destination for Indian students in Australia provides affordable education choices without sacrificing quality. The study experience is enhanced by similar weather to India, relaxed student life and culture, and a significant Indian community.
MBA colleges in Australia provide specialized research training, and applicants must pass tests such as the GMAT and IELTS/TOEFL. GMAT grades of 550 or above, IELTS 6 overall, and TOEFL scores of 90 or higher would be required.
There are two admissions seasons per year in Australia, in September and January.
The top 10 universities in Australia for MBA are as follows:
| University Name |
| College of Business and Economics |
| Melbourne Business School |
| University of Sydney Business School |
| Australian Graduate School of Management |
| UQ Business School |
| Monash Business School, Monash University |
| School of Business, University of Western Australia |
| Sydney Business School, University of Wollongong |
| Macquarie Graduate School of Management |
| Graduate School of Business and Law, RMIT University |
France
With its dynamic, opportunity-rich economy and English-language courses, France has risen to the top of the list of nations sought by MBA aspirants from around the world. MBA programmes in France range from ten months to two years and are offered by world-class business institutions such as HEC Paris, INSEAD, and others. MBA courses in France are meant to provide competence in finance, human resources, marketing, strategy, and operations management at an affordable price.
The top 10 universities in France for MBA are as follows:
| University | Fees |
| HEC Paris | 78,000 |
| INSEAD | 89,000 |
| ESSEC Business School | 46,000 |
| EDHEC Business School | 44,000 |
| ESCP Europe | 69,900 |
| EMLYON Business School | 38,500 |
| SKEMA Business School | 32,000 |
| Grenoble Graduate School of Business | 31,950 |
| Toulouse Business School | 30,000 |
| Kedge Business School | 39,000 |
Eligibility criteria for MBA are as follows:
- Valid passport
- Complete application form
- Financial documents
- Academic Transcripts
- Scholarship Essay, if applicable
- Statement of Purpose
- Loan documents
- Letters of Recommendation
- Resume
MBA in Singapore
Singapore is a well-known international education location in the Asia-Pacific region. If you want to pursue your education abroad, it is one of the most cost-effective possibilities. Singapore has established itself as one of the greatest places in the world to study business administration. With the government of Singapore’s zero-tolerance attitude regarding drug misuse and ragging on campus, it is also known as one of the safest cities for students.
The top 4 universities in Singapore for MBA are as follows:
- MBA at INSEAD Singapore
- MBA at Nanyang Institute of Management
- The Liverpool MBA at Management School – University of Liverpool
- The NUS MBA at the National University of Singapore (NUS)
Eligibility criteria for MBA are as follows:
- A bachelor’s degree with a 2:1 grade point average (50-60%) (some schools may ask for higher scores)
- Most colleges require a GMAT score. 600 people or more (minimum)
- Although not frequently required, two years is ideal (minimum)
- 6.5+ on the IELTS 95+ on the TOEFL
- Resume
- LOR 1 to 3 a copy of an updated CV, Preferably from a professional or a superior.
- 500-word personal statement/SOP addressing short- and long-term career aspirations, how an MBA will prepare you for the future, outlining one teamwork experience, and why you choose the programme.
- Student visa
- Proof of your ability to fund your initiative
Ans. Portugal is the cheapest country in which to get an MBA. Low tuition costs, fully financed grants, and government scholarships are available to international students enrolled at a qualifying university in Portugal.
Ans. USA, UK, Canada, Australia, Germany, Singapore and France are the best countries for MBA.
Ans. Germany, Sweden, Norway, Finland and Austria are few countries that provides best for free. Apart from free MBA, you can also apply for different scholarships to help your finances.
Ans. The cost of pursuing MBA in Germany is free for Indian students. Germany is the only country that offers overseas students free education. In Germany, however, the cost of an MBA at a private college is 25 lakhs.
Ans. The answer is simple: if you can afford it, getting an MBA from a mid-level institution overseas is far superior to getting an MBA from a private institute or university in India. Simply expressed, the investment yields a higher return.
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