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Over the years, pursuing an MBA degree abroad has attracted the interest of international students all over the world. MBA in top countries like USA, UK, Canada, Australia, Germany, and other countries has been among the trends for Indian students. Therefore, finding the best countries to do MBA for Indian students is a hideous task.
MBA outside India offers multiple specialisations such as IT, project management, supply chain management, and more. However, students must fulfill the standard eligibility requirements to apply for the best MBA colleges abroad. A few common MBA abroad for Indian students requirements include an aggregated bachelor’s degree with at least 50% in a business-related field. Also, students must qualify for the GRE or GMAT tests to apply for top B-schools abroad.
The average MBA abroad for Indian students fees vary from Rs. 20 lakhs to 30 lakhs per year including living expenses like food, accommodation, health, transportation, etc. Meanwhile, the average MBA abroad salary for international students ranges between Rs. 60 lakhs to Rs. 1.20 lakhs depending on the skills and experience of the students.
MBA abroad for Indian students is offered in full-time, part-time, executive, and online modes. Students can choose any degree programme depending on their goals and personal preferences. The average MBA abroad duration for top countries is around 2-3 years Meanwhile, many countries offer 1-year MBA courses for international students. Read the complete article to learn more details on MBA from abroad for Indian students, eligibility, fee structure, and other significant highlights.
Particulars | Description |
Programme Name | Master of Business Administration |
Programme Type | Full-time, part-time, executive, and online |
Duration | 2-3 years |
Eligibility Criteria | A bachelor’s degree with at least 50% marks |
English Proficiency Requirements | IELTS, TOEFL, PTE or equivalent |
Fees | Rs. 20 lakhs to 30 lakhs per year |
Salary | Rs. 60 lakhs to Rs. 1.20 lakhs |
Standardised Test | GRE or GMAT |
Specialisation |
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Universities |
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Scholarships |
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MBA abroad offers a wide range of advantages for international students. Starting from high-quality education in top-notch universities to higher campus placements, an MBA outside India can guarantee potential career opportunities for international students. Here, we have discussed some of the popular factors that attract international students to study MBA abroad:
MBA abroad universities are equipped with modern amenities and facilities for quality education. Many of the best MBA universities abroad are rated 5-star by QS World University Rankings 2024.
MBA abroad for Indian students can offer practical knowledge in various business fields that will assist students in gaining an edge in advanced business management techniques.
The salary packages are significantly higher than MBA in India vs abroad.
MBA abroad offers a wide range of course specializations such as Entrepreneurship, International Business, Marketing, Finance, Operations Management, and others.
Students pursuing a master's degree from the best MBA colleges abroad are exposed to various networking opportunities which can help them to get extensive exposure to global markets.
Parameters | MBA Abroad | MBA India |
Name of the Course | MBA | MBA |
Course Level | Postgraduate | Postgraduate |
MBA Course Duration | 23 years (1-year MBA in some countries are also available) | 2 years |
MBA Eligibility Criteria | A bachelor's degree with at least 50% marks | A bachelor's degree in the relevant field |
Entrance Examinations | GRE or GMAT | CAT, MAT, XAT, ATMA, CMAT, GMAT, NMAT |
Top Colleges |
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Average MBA fees | Rs. 20 lakhs to 30 lakhs per annum | Government colleges: Rs. 50,000 to Rs. 4 lakh Private colleges: Rs. 20 lakh to Rs. 25 lakh |
Average MBA Salary | Rs. 60 lakhs to Rs. 1.20 lakhs | Rs. 15,00,000 LPA |
Specialisations |
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While applying for an MBA abroad, students must mandatorily fulfill certain eligibility criteria. These requirements can vary depending on the university type, ranking, course specialisation, and other factors. Most of the best MBA colleges for Indian students abroad require a bachelor’s degree with a minimum of 50% marks in a relevant field. Some common eligibility criteria for MBA abroad universities are as follows:
Students must complete their undergraduate studies in a business-related field.
Clearing either GMAT or GRE scores for top abroad B-schools is mandatory for international students.
Many English-speaking countries require IELTS, TOEFL, or any other ELP test qualification.
A valid passport for immigrant students.
A minimum of 2 years prior work experience in the relevant field is also compulsory for top-tier MBA universities abroad.
Here’s the list of documents required to apply for the best countries to do MBA for Indian students:
Academic High School Transcripts
Proof of funds
Updated CV
A valid passport
Student visa
GRE or GMAT scorecard
Work experience certificates
For Indian students, studying MBA abroad can offer a diverse subject specialisation for business studies. The eligibility criteria and admission process for these specialisations may differ from country to country and among universities. Some popular MBA abroad specialisations for international students include:
Entrepreneurship
International Business
Finance
Marketing
Operations management
MBA in Marketing
Management consulting
Innovation management
Business Analytics
Analytics
Also Read: Top MBA Specialisations in UK
Most of the top MBA courses in abroad countries are offered in full-time modes for domestic and overseas students. However, to provide more flexibility for overseas students, many MBA colleges in foreign countries for Indian students offer part-time, executive, and online MBA along with full-time courses. The duration of these courses varies depending on the university and course requirements. Nowadays, many top offer 1-year MBA programmes in a full-time mode for potential overseas students.
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How much will it cost to do MBA abroad? The average MBA abroad for Indian students fees is around Rs. 20 lakhs to 30 lakhs per year for top B-schools. The MBA in foreign countries fees may vary for different countries and universities. Students can do a proper analysis of different MBA abroad universities and programmes to get a correct understanding of the MBA course fee structure and budgeting details.
University | Estimated Tuition Fees (USD) |
Stanford Graduate School of Business | USD 73,000 - USD 78,000 |
Harvard Business School | USD 73,000 |
USD 78,000 | |
MIT Sloan School of Management | USD 75,000 |
USD 73,000 | |
HEC Paris | USD 92,000 |
USD 108,000 | |
INSEAD | USD 112,000 |
USD 94,000 | |
IESE Business School | USD 92,000 |
USD 60,000 - USD 75,000 |
Study MBA abroad in top world countries and universities is a costly affair for international students. Most of the top B-schools for MBA in the world are comparatively expensive for Indian students compared to MBA programmes offered by Indian colleges. Therefore, many potential students search for affordable MBA abroad for Indian students. These colleges are recognised globally for their affordable abroad MBA fees and living expenses. Some universities also provide scholarships and grants for prospective students to continue their studies in business schools. A few popular cheapest country to study MBA for Indian students include China, Switzerland, Germany, Norway, Ireland, and others. Here’s a list of universities offering the cheapest MBA in the world for Indian students are as follows:
EU Business School, Barcelona
University of Tuebingen, Germany
Also Read: Affordable MBA Programmes Abroad for Indian Students
Countries | Abroad MBA Fees |
Australia | AUD 39,000- AUD 90,000 |
Canada | CAD 30,000 - CAD 42,000 |
New Zealand | NZD 31,000-NZD 50,000 |
UK | GBP 5,000- GBP 30,000 |
USA | USD 10,000-USD 35,000 |
Indian students who are planning to apply for an MBA abroad can apply for various scholarships and student grants to sustain themselves and fulfill their course requirements in a foreign country. A few popular student scholarships to study MBA abroad for Indian students are as follows:
Rotary Foundation Global Grant
Commonwealth Scholarship and Fellowship Plan (CSFP)
Asian Development Bank – Japan Scholarship Program
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MBA is among the most popular courses in business all over the world. An MBA graduate from the top MBA colleges in foreign countries for Indian students can earn up to Rs. 60 lakhs to Rs. 1.20 lakhs per annum in top global companies. Some popular MBA recruiters for MBA graduates include Google, Deloitte, NTPC, Citibank, ITC, Vodafone, Larsen & Toubro, Microsoft Amazon, Wipro, and PwC.
Job Prospect | Average Salary (INR) |
Assistant B.D. Manager | 30 - 45 lakhs |
Business Development Manager | 80 - 90 lakhs |
General Manager | 60 - 75 lakhs |
Project Manager | 80 - 95 lakhs |
Strategy Manager | 90 - 98 lakhs |
Also Read: Part Time Jobs For International Students in Abroad
Deciding which abroad country is the best for MBA for international students is very challenging. However, depending on the ranking of the universities, cost of studies, employment opportunities, and ROI, countries like the USA, UK, Australia, Canada, Germany, and others are among the top choices for MBA abroad for Indian students.
The average cost of an MBA abroad is calculated by combining the expenses of university fees and the cost of living in the country. The average MBA tuition fee for top-ranked universities in the world is around Rs. 20 lakhs to 30 lakhs per year. Whereas, the cost of living may vary for different countries.
Yes, pursuing an MBA from abroad is completely worth it for overseas students. Students can experience a high-quality education, lifestyle, and high-salary packages. The average salary for an MBA graduate is between Rs. 60 lakhs to Rs. 1.20 lakhs for top world countries. Therefore, if you are planning a business career can apply for an MBA broad to experience the best opportunities.
Candidates who have completed their bachelor’s degree from a recognized university can apply for an MBA abroad. Students are also required to qualify for the GRE or GMAT to demonstrate their eligibility. Also, many universities require a prior work experience to apply for MBA abroad.
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