How to Choose the Right MBA Program Abroad for International Students

Choosing the right MBA programme is determined by an individual's educational and professional goals. It also depends on a variety of criteria, including the country, the university selected, and the type of MBA programme. MBA is one of the most sought-after master's courses among graduates around the world. The United States, United Kingdom, Canada, Australia, New Zealand, and Ireland are among the most popular study-abroad destinations for MBA programmes.

This Story also Contains

1. Types of MBA Programme
2. What to Consider When Choosing an MBA Program Abroad?
3. Popular MBA Specialisations to Study Abroad
4. MBA Abroad Admission Requirements
5. Cost of Studying MBA Abroad
6. Career Opportunities After MBA Abroad

MBA abroad offer the highest return on investment and employment opportunities in a variety of sectors, including marketing, accounting, finance, operations, supply chain, human resources, and consulting. The average yearly salary for an MBA graduate from abroad ranges from Rs 20 lakhs to Rs 1 crore, depending on the individual's skills, university, and country of graduation.

How to choose an MBA program? Choosing the correct MBA programme is a difficult decision since students must first decide which country they want to study in, and then choose a university depending on their financial budget and educational goals. The cost of an MBA programme in these countries is expensive, however, students can look for affordable MBA colleges around the world to get a world-class education at a lower tuition fee.

Read on to understand more about how to choose the right MBA programme abroad and various factors that international students must consider before enrolling in the course.

Types of MBA Programme

There are various types of MBA programmes available for international students, as mentioned below:

• Full-time MBA

• Part-time MBA

• Executive MBA

• Global MBA:

What to Consider When Choosing an MBA Program Abroad?

There are several factors that one must consider when choosing an MBA programme abroad, some of which are discussed below.

1. Career Goals: Career goals: Before beginning an MBA programme overseas, students need to consider their aspirations and career goals. The chosen programme must align with an individual's career ambitions.

2. Course Curriculum: Applicants must research the MBA course curriculum at several colleges and choose the one that best suits their educational aspirations. Furthermore, numerous colleges throughout the world offer both part-time and full-time MBA programmes, so students may choose the course that best fits their lifestyle and budget.

3. Specialisation: MBA programmes provide a variety of specialisations, including entrepreneurship, finance, international business, and marketing. Thus, students should select the one that matches their interests.

4. Country: Before deciding to study abroad, students should carefully consider the cost of living in a specific country, as well as the climate, visa requirements, and other factors.

5. University: There are 315 universities and business schools in the world that provide reputable MBA programmes, however, students must choose a university based on its ranking, educational quality, infrastructure, and placement opportunities before selecting a suitable institution.

6. Fees: In the top MBA universities in the world, tuition fees is quite high for international students, which can be financially exhausting to students. Hence, those on a low budget can look for affordable MBA colleges to pursue their education abroad.

7. Duration: Most MBA programmes are offered for 1-2 years, however, it depends on the university and the type of programme chosen. Some part-time MBA courses take 1 year to complete, whereas full-time programme takes 2 years. MBA in USA is 2 years, whereas in the UK, it can be completed in 10-14 months as well. Therefore, students must make wise decision before selecting the appropriate MBA programme.

Popular MBA Specialisations to Study Abroad

MBA Abroad Admission Requirements

Candidates must have at least 2-3 years of prior work experience to be considered for an MBA programme abroad. To be admitted to an MBA programme overseas, students must meet the entrance requirements listed below and submit all required documents:

• All candidates are required to have a bachelor’s degree from an accredited and recognised university with a GPA of 3.5 or more.

• Certain universities in the world do not require GRE or GMAT scores for admission to an MBA programme, however, having a GMAT score for an MBA will provide students an edge over other applicants.

• Students from countries where English is not their first language must take tests such as IELTS, TOEFL, or PTE to provide proof of their English language proficiency.

• Candidates must also meet other requirements set by the university.

Documents Required for Masters in Business Administration Abroad

All international students seeking admission to MBA abroad must submit the following documents:

• Application confirmation document

• Academic transcripts

• Standardised test scores such as GRE / GMAT (optional)

• Letters of recommendation

• Copy of Passport

• Statement of purpose

• CV or resume

• English language proficiency (IELTS/ TOEFL)

• Student visa

• Proof of funds

Cost of Studying MBA Abroad

The cost of studying MBA depends on the university, location, and the type of programme chosen by the student. MBA is quite expensive in countries like the USA, Australia, and Canada, whereas it is affordable in the UK, Ireland, and New Zealand. Below is a list of the cost of tuition for an MBA in top countries around the world.

Cost of Studying MBA for Indian Students

Career Opportunities After MBA Abroad

After completing an MBA abroad, students can search for various career opportunities in the fields of business, finance, accounting, human resource, information technology, healthcare management, and more. The average starting salary of an MBA graduate in the world starts from Rs 20 lakhs and can go up to 1 crore. Here is a list of the average salaries for graduates from top MBA universities across the world.

Average Salary for MBA Graduates