Cost of Studying MS Abroad 2024: Requirements, Fees, Top Colleges, Exams

Edited By Stuti Jain | Updated on Jul 25, 2024 12:53 PM IST

Students planning to study masters abroad must consider the cost of studying MS abroad and make an expense checklist to manage their finances. According to the Ministry of External Affairs, every year, more than 10 lakh Indian students move abroad to pursue higher studies. The cost of studying MS abroad for Indian students can be divided into two broad categories, tuition expenses, and living expenses.

This Story also Contains

Top 10 Universities for Studying MS Abroad
Cheapest Countries to Study for Indian Students
How to Study MS in Abroad for Free?
Eligibility Requirements for MS in Abroad 2024
MS in Abroad Entrance Exams
Cost of Studying MS Abroad 2024
Scholarship for Studying MS Abroad
How to Manage the Cost of Studying MS Abroad?

Cost of Studying MS Abroad 2024: Requirements, Fees, Top Colleges, Exams

Tuition fees for MS abroad vary on various factors including the university chosen by the candidate, programme duration, course of study, and course credits. The cost of tuition is high in universities such as Massachusetts Institute of Technology, Imperial College London, University of Oxford, Harvard University, and other private universities. The average cost of studying in top MS colleges abroad is between USD 20,000 to USD 67,000.

Candidates can opt for the cheapest country to study for Indian students such as Germany, Poland, Mexico, or Nordic countries. Some of the universities that offer free or affordable tuition include RWTH Aachen University, University of Bonn, University of Pisa, University of Milan, Nord University, University of Oslo, and more.

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To reduce the financial burden, students must have high academic scores to apply for financial aid, which is either merit or need-based scholarships. Applicants can also look for part-time jobs to support their education. Read on to learn more about the cost of studying MS abroad in top universities, the cheapest countries to study abroad, eligibility criteria, scholarships, and more.

Top 10 Universities for Studying MS Abroad

Every year, numerous students plan to pursue their master's degrees overseas. Below is a list of the top 10 colleges ranked by QS 2025 that provide the best MS programmes abroad.

MS Abroad Top Universities

University	MS Abroad Fees
Massachusetts Institute of Technology	USD 29,875
Imperial College London	Starts from EUR 40,000
University of Oxford	EUR 15,000 - EUR 55,000
Harvard University	USD 43,000 - USD 50,000
University of Cambridge	EUR 25,000 - EUR 67,000
Stanford University	USD 35,000 - USD 55,000
ETH Zurich	CHF 730 per semester
National University of Singapore (NUS)	SGD 48,000
UCL	EUR 19,000 - EUR 72,000
California Institute of Technology (Caltech)	USD 52,000 - USD 61,000

Cheapest Countries to Study for Indian Students

There are several countries abroad that offer education at lower cost of tuition and the living expenses in that country are affordable as well. According to QS, the following is a list of the cheapest countries for Indian students based on living expenses.

Affordable Countries to Study Abroad

Country	Living costs
Norway	NOK 139,680 per year.
Taiwan	TWD 88,000 per year.
Germany	EUR 1,200 per month
France	EUR 900 to EUR 2,200 per month
Mexico	USD 9,250
India	USD 4,600 a year.
Argentina	USD 5,000
Poland	EUR 6,600 per year
Malaysia	MYR 14,400 per year
South Africa	R 120,000 per year

How to Study MS in Abroad for Free?

Many universities in Germany, Norway, Finland, Italy, the Czech Republic, and Iceland provide low-cost or free education in public institutions. However, students have to manage the cost of living expenditures, which are significantly greater than those in India. Students have to budget their expenses carefully before seeking admission to universities to study abroad for free.

MS Abroad Free for International Students

Country	Universities
Germany	RWTH Aachen University University of Hamburg University of Bonn Technical University of Munich
Italy	University of Naples University of Pisa University of Milan University of Bologna
Nordic Countries	Norwegian University of Science and Technology, Norway Nord University, Norway University of Agder, Norway University of Oslo

Eligibility Requirements for MS in Abroad 2024

All international students interested in pursuing a career in engineering, medicine, business, finance, healthcare, or management can apply for MS courses abroad. Numerous course prerequisites must be met before applying to MS colleges abroad. Eligibility for MS in Abroad for Indian Students is listed below.

MS Requirements for Indian Students

All Indian students must have completed a bachelor's degree (three to four years) with a high GPA in the relevant discipline or equivalent.
Candidates must have 0 to 2 years of work experience.
Students are required to prove English language proficiency by submitting valid IELTS / TOEFL scores.
Some universities may also demand French or German language proficiency.
Applicants must have valid, standardised GMAT or GRE results.
They must meet the university's other course requirements.

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MS in Abroad Entrance Exams

Candidates wishing to pursue higher study in MS colleges abroad must submit proof of standardised exam scores and English proficiency scores, as listed below:

GRE: Applicants wishing to pursue a master's degree in science, arts, education, engineering, or another discipline at the world's top universities must have valid GRE scores.
GMAT: Candidates seeking higher education in the fields of business or management must take the GMAT exam.
IELTS / TOEFL / PTE: Students from non-English speaking countries are required to take these exams to demonstrate English language proficiency.

Cost of Studying MS Abroad 2024

All international students must have enough financial resources to cover the cost of studying MS abroad, which varies by country, university, and the course chosen by an individual. Aside from tuition fees, students must also cover the cost of living expenses, which include housing, food, transportation, utilities, books and supplies, and other expenditures. The cost of studying MS abroad in different countries is listed below.

Cost of Studying MS Abroad for International Students

Country	Cost in Rs
Cost of studying MS in USA	Rs 6 to 50 lakhs
Cost of studying MS in UK	Rs 12 to Rs 20 lakhs
Cost of studying MS in Canada	Rs 12 to 30 lakhs per year
Cost of studying MS in Australia	Rs 12 to 30 lakhs per year
Cost of studying MS in New Zealand	Rs 9 to 43 lakhs.
Cost of studying MS in Ireland	Rs 16 to 20 Lakhs

Scholarship for Studying MS Abroad

Tuition costs are quite high in various countries throughout the world, including the United States, the United Kingdom, Canada, Australia, and France. Thus, students can apply for merit or need-based scholarships to reduce their financial burden. Some of the MS scholarships available in different countries are listed here:

MS in Abroad with Scholarships 2024

Country	Scholarships
USA	Fulbright scholarships Aga Khan Foundation Scholarships Tata Scholarship AAUW International Fellowship
UK	Chevening Scholarships Commonwealth Shared Scholarship Scheme Marshall Scholarships Charles Wallace India Trust Scholarships Saltire Scholarships
Australia	Endeavour Postgraduate Scholarship Global Academic Excellence Scholarship Australia Awards Scholarship
Switzerland	ETH Zurich Excellence Masters Scholarship Program Swiss Government Excellence Scholarships for Foreign Scholars and Artists UNU Fellowship in International Organizations MBA Merit Scholarships
Spain	GSE Scholarships
Canada	Ontario Graduate Scholarship IDRC Research Awards Banting Postdoctoral Fellowships Vanier Canada Graduate Scholarships
Netherlands	World Citizen Talent Scholarship University of Twente Scholarships Orange Tulip Scholarship Program Holland Scholarship Eric Bleumink Fund Scholarships
Italy	Bocconi Scholarships Italian Government Scholarships for Foreign Students
Hungary	Hungarian Government Scholarships for Foreign Students The Stipendium Hungaricum
Ireland	NUI Galway International Student Scholarships
France	Eiffel Scholarships in France for International Students Fondation Rainbow Bridge MBA Scholarships for African and Asian Women Emile Boutmy Scholarships in France for International Students
Germany	DAAD Scholarship Erasmus Mundus scholarship Bayers Foundation Scholarships

How to Manage the Cost of Studying MS Abroad?

All Indian students planning to study MS abroad can take guidance from the following strategies that can help them manage their living costs in the country.

Different universities in the world have different tuition fees, and hence the cost of living also differs depending on the location of the university. Students looking for an MS degree with affordable tuition fees can look for public universities to study overseas.
Applicants must have high academic scores to be considered eligible for MS scholarships abroad to reduce their education costs.
Students can search for part-time jobs to cover their living expenses in the country.
Candidates must make a detailed list of all the living expenses abroad, including rent, food, transport, and others to reduce unnecessary expenditures while living in the country.

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Frequently Asked Question (FAQs)

1. Which country is cheapest for masters degree?

Germany is the cheapest country to pursue a master’s degree abroad. Public universities in Germany offer education almost free for both domestic and international students. Tuition fees at private universities are also quite affordable for international students. However, students are required to manage their living expenses, as the cost of living in Germany is high for Indian students.

2. Can I study abroad with 5 lakhs?

Yes, you can study overseas for 5 lakhs, particularly in countries with cheaper tuition and living costs. These countries include Germany, Mexico, and Eastern European countries. Apart from these, students can also apply for merit or need-based scholarships and look for part-time employment to cover the cost of their education. One must make a thorough budget plan to manage their expenses and funds while studying abroad.

3. Is Canada cheap to study?

Canada is not generally regarded as an affordable study-abroad destination when compared to other countries, but it provides a balance of high-quality education and affordable tuition. Tuition fees and living expenses differ by region and university. The availability of Scholarships and job opportunities can help international students cover their living and educational costs.

4. How much does MS cost in USA?

The overall cost of studying MS in USA is approximately Rs 6 to 50 lakhs, which only includes tuition and admission fees. The cost of living in USA is around Rs 1,67,000 per month which covers housing, food, transportation, utilities, and other living expenses. Candidates are advised to research thoroughly and plan their finances before moving to study abroad.