MBA Abroad 2024: Fees, Eligibility, Exam, Scholarships

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.

MBA Abroad for Indian Students 2024: Highlights

Why Study MBA Abroad?

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.

MBA in India vs Abroad

Requirements for MBA Abroad

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.

Documents Required to Study MBA Abroad

Here’s the list of documents required to apply for the best countries to do MBA for Indian students:

• Statement of Purpose (SOP)

• Academic High School Transcripts

• Proof of funds

• Updated CV

• Letter of recommendation

• A valid passport

• Student visa

• GRE or GMAT scorecard

• Work experience certificates

Top MBA Abroad Specialisation for International Students

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

Type of MBA Programmes Abroad

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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MBA Abroad Fees

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.

Top MBA Colleges Abroad With Fee Structure

Low Cost MBA Programmes Abroad

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:

• Memorial University of Newfoundland, Canada

• University of Victoria, Canada

• EU Business School, Barcelona

• University College of Birmingham, UK

• Technical University of Munich, Germany

• University of Tuebingen, Germany

• Kaplan Business School, Sydney

Also Read: Affordable MBA Programmes Abroad for Indian Students

Cost of Studying MBA in Top Countries

Study MBA Abroad Scholarships for Indian Students

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:

• Fulbright Scholarship

• Chevening Scholarship

• Rotary Foundation Global Grant

• Commonwealth Scholarship and Fellowship Plan (CSFP)

• Erasmus Mundus Scholarships

• Asian Development Bank – Japan Scholarship Program

• The Gates Scholarship

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Top Career Opportunities After MBA Abroad

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 Prospects for MBA Abroad

Also Read: Part Time Jobs For International Students in Abroad