Affordable MBA Programs Abroad for Indian Students

Affordable MBA Programs Abroad for Indian Students

Edited By Jembi Selva Mary. A | Updated on Jul 15, 2024 05:30 PM IST

Pursuing an MBA abroad has become an attractive option for many Indian students. However, the high costs of studying MBA abroad can be a major concern for many students. Fortunately, there are several affordable MBA programs abroad that offer quality education without breaking the bank. As per the GMAC (Graduate Management Admission Council) around 3,00,000 international students move every year to study MBA abroad.

The popular courses of MBA Programs Abroad are finance, marketing, entrepreneurship, and healthcare management. These programs can be applied in several modes full-time, part-time, or online. Typically the duration of MBA programs abroad is 2 years (24 months). The affordable tuition fee for MBA programs abroad ranges from Rs 10 to 30 lakhs per academic year.

Students have multiple job offers and paid internship options offered by the MBA programs abroad, many of which have close collaboration with top entrepreneurs and have the opportunity to develop a worldwide network connection that will help their future careers.

More than 2 lakhs of Indian students choose affordable MBA programs abroad to study. For admission requirements, affordable MBA Programs Abroad for Indian Students provide necessary documentation like all academic transcripts, standardized test scores, letters of recommendation, work experience, passports, and English language proficiency.

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For Indian professionals seeking affordable MBA programs abroad, Europe and Asia offer cheap MBA programs, and outstanding education at affordable fees, with a multicultural and diverse environment. Read the complete article to explore more about the affordable MBA Programs Abroad for Indian Students.

Also read: Top universities in the world

Affordable MBA Programs Abroad for Indian Students

MBA is one of the most popular programs pursued by professionals for long-term career growth. However, usually, MBA abroad is an expensive affair, therefore, we have given the list of affordable MBA colleges abroad for Indian students. Germany offers some of the cheapest MBA programs to international students. Apart from this, Canada and Switzerland also offer some of the top quality MBA programs at affordable prices where the tuition ranges from INR 15,00,000 to INR 40,00,000.

The most affordable universities of MBA programs abroad for Indian students include EAE Business School, Technical University of Munich, EU Business School, University of Tuebingen, Memorial and University of Newfoundland. These universities offer top-notch education for MBA programs with reasonably priced tuition and also numerous scholarships to reduce the financial burden.

Affordable MBA programs in Europe for Indian students

Countries like the USA and the UK are renowned for MBA world-class education. However, it is more expensive than Germany, Australia, and Canada. Here, are some of the popular destinations with affordable MBA Programs Abroad for Indian Students are mentioned below:

Cheapest MBA in Germany for Indian students

Germany is an ideal destination for affordable MBA programs for Indian students to study in Germany because of its high reputation, top-notch education, expand in research and training.

Low-cost MBA programs for Germany

University

Tuition fee

Berlin School of Business and Innovation (BSBI)

Rs 10 to 30 lakhs

Munich Business School

Rs 24.18 lakhs

Cologne Business School

Rs 17.73 lakhs

(Note: The tuition fee is given for the entire MBA program)

Cheapest MBA in Australia for Indian students

Australia offers a variety of MBA programs for Indian students with excellent education and reasonably priced living expenses.

Affordable MBA programs in Australia

University

Tuition fee

University of Queensland Business School

Rs 38.80 lakhs

Macquarie Business School

Rs 43.81 lakhs

ANU College of Business & Economics

Rs 41.86 lakhs

(Note: The tuition fee is given for the entire MBA program)

Cheapest MBA in Canada for Indian students

Canada is an affordable and popular MBA program, which attracts numerous Indian students to choose to study in Canada seeking the best education.

Low-cost MBA programs for Canada

University

Tuition fee

Simon Fraser University

Rs 23 to 29 lakhs

University of Victoria

Rs 23 to 28 lakhs

Wilfrid Laurier University

Rs 23 to 29 lakhs

(Note: The tuition fee is given for the entire MBA program)

Popular courses and job opportunities for MBA graduates

Popular courses

Job opportunities

Finance

  • Financial manager

  • Finance banker

  • Financial analyst

Marketing

  • Digital Marketing

  • Marketing management

  • Product Manager

Entrepreneurship

  • Start-up business

  • Business development

  • Entrepreneur

Healthcare Management

  • Hospital management

  • Pharmaceutical product management

  • HR Manager

Eligibility for MBA Programs abroad

The eligibility may differ depending on MBA universities for Indian students. However, here the common eligibility criteria followed by every country are mentioned below:

  • A bachelor's degree from a recognised university.

  • The average required GPA should be higher than 3.0.

  • The score needed for GMAT or GRE (optional). Some universities do not require these exams.

  • 2 years of work experience is required for MBA courses.

  • If English is not a first language, applicants should attend and qualify for exams like IELTS, TOEFL, Duolingo, and other approved exams for admission.

  • Students must submit letters of recommendation, statement of purpose, resumes, and student visa

Top Ranked Affordable MBA Colleges Abroad

The popular five Universities for affordable MBA Programs Abroad for Indian Students are ranked among good positions in the recent QS ranking worldwide. Below we have given QS rankings for affordable MBA Programs abroad for Indian students.

University

QS Ranking

Location

EAE Business School

35

Spain

Technical University of Munich

37

Germany

EU Business School

81-90

Germany

University of Tuebingen

213

Germany

Memorial University of Newfoundland

641-650

Canada

Frequently Asked Questions (FAQs)

1. Which country is the cheapest for MBA for Indian students?

The cheapest MBA programs abroad for Indian students are in Australia, Canada, Germany, China, Ireland, France, and Singapore. These countries are an increasingly popular choice for those seeking to advance their careers in this rapidly evolving field.

2. Which is the best country to do an MBA for Indian students?

The best countries to do an MBA for Indian students are the USA, UK, Germany, Canada, and France. These countries offer top universities world-class education, career opportunities, and paid internships. Also, known for their strong and consistent performance in providing world-class business knowledge.

3. Which country provides free education for Indian students for an MBA?

For Indian students, countries that provide free education in a few universities for MBA programs are Germany, Norway, Sweden, Finland, and France. However, students need to bear living expenses while pursuing the MBA programs here. Apart from this, students can also look for various scholarships available for studying MBA in Canada, Australia, Germany or France. The scholarship significantly improves the cost of pursuing an MBA abroad.

4. Is MBA in Canada cheaper than MBA in India?

Currently, pursuing an MBA in Canada is expensive compared to India. The cost of living, and tuition fees is expensive in Canada which makes the overall cost of the program significantly higher than India, however, students get international exposure by pursuing MBA in Canada which is a boost for their long term career goals. Canada has an excellent education system, and offers employment opportunities and paid internships. For these advantages, Indian students pursue MBA abroad.

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