Top countries to study MBA
Updated on Jun 1, 2016 - 4:25 p.m. IST by Tenzin pema
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Top countries to study MBA
– MBA is, usually, one of the first options for a student who wants to pursue further studies abroad. However, before choosing to study MBA abroad, an aspirant must figure out which MBA programme is suitable for him. The popularity of the MBA program in recent years is mainly due to its acceptance as a degree which enables one to rise up the corporate ladder. According to a Financial Times (FT) report, a 24-year-old MBA professional can get a hike of approximately 145% in his salary post an MBA degree. Needless to say, an MBA programme is hugely popular among aspirants who are enthusiastic about trying their hands in the management aspects of a business. A QS survey reflects that Finance, Accounts , Management and Economics or FAME is the most sought after field among prospective international students.

However, the decision to study management depends significantly on the country you are planning to pursue your degree from. Picking the right destination largely depends on factors like, tuition fee budget, the course, financial aid from the college and personal preference, to name a few.  However, factors like salary packages, the brand of the institution and work opportunities after the programmes also play a big role in influencing one’s decision on a country to study MBA abroad.

To make it easier for prospective international students planning to pursue MBA abroad, we have picked the top countries to study MBA.

 

Here are the top 6 countries to study MBA abroad:

 

USA:

USA is home to some of the top business colleges in the world like Harvard, MIT and Stanford, to name a few. Aspirants are drawn towards this country that has the highest number of international students. Currently, the USA has nearly 2, 00,000 international students, who are enrolled in its business schools to gain knowledge from a world renowned faculty. Who wouldn’t want to get a degree from distinguished business school in the USA, especially when one benefits from both quality education and professional exposure?

 

The USA has the most number of highly ranked business schools in the world, making it a top destination to study MBA. It does not only top in the list of top countries to study MBA, but also tops in terms of salary packages; a Harvard MBA graduate average salary package is around $180,183. However, the salary may vary depending on the work experience of an MBA aspirant

 

Here are the best business schools in USA:

University

Duration

GMAT

IELTS

TOEFL

Salary

Harvard University

2 years

730

7.5

109 IBT

$180,183

Stanford University

21 months

740

7.0

100 IBT

$178,929

Kellog School of Management

2 years

724 average

No min. requirement

No min. requirement

$120,000

University of Chicago Booth School of Business

21 months

720

7

600 IBT

$120,000

Tuck School of Business

2 years

716

No min. requirement

No min. requirement

$116,000

(Source- Official university website)

 

UK:

UK enjoys a great reputation in terms of education and business, as it has some of the prominent universities in the world, like Oxford and Cambridge. It is a favourite education hub among enthusiastic business aspirants, making it one of the top countries to study MBA abroad. The United Kingdom, one of the best countries for MBA, boasts of some of the best business schools in the world. London Business School, according to Financial Times, ranks number 2 in the world. London Business School graduate may earn salary packages of around $125,117. However, having a prior work experience always gives an edge to the student.

Another brownie point for international student planning to study in UK is that an MBA program here is of 1 year or below 2 years, whereas in USA the MBA degree is generally for 2 years.

Below are the top business schools in UK:

University

Duration

GMAT

IELTS

TOEFL

Salary

London Business School

15-21 months

700

No minimum requirement

No minimum requirement

$125,117

Judge Business School

12 months

640-740

7.5

110

$90,741

Saïd Business School

12 months

650 or above

7.5  min.

110

$98,856

Imperial College Business School

12 months

600 or above

7.0 min.

100 min.

     -

Alliance Manchester Business School

18 months

630 or above

6.5

90

$119,278

(Source- Official university website)

 

Australia:

Being one of the top countries to study MBA abroad, Australia has managed to attract international students from across the globe. Australia is not only famous for being an education hub, it is also known for its amazing lifestyle and a student-friendly environment. Most business schools in Australia require work experience between 2-5 years, depending on the MBA program student chooses. Compared to business schools of other countries, institutes in Australia believe in training students and not only rely on the theoretical knowledge. This is one of the main reasons why work experience is given more importance than GMAT scores in Australian business schools.

 

If you have work experience and are keen on studying abroad, then you need not wait any more. Just search for the suitable business school in Australia and apply. Here are some of the best business schools in Australia.

Top business schools in Australia :

University

Duration

GMAT

IELTS

TOEFL

Salary

The University of Queensland Business School

1 year

550

6.5

87

$134,250- $107,000

Macquarie Graduate School of Management – Macquarie University

2 years

 

6.5

90

$126,736

Melbourne Business School - University of Melbourne

1 year

680

6.5

79

$108729

AGSM at UNSW Business School       

16 months

550

6.5

90

$120,389

Monash Business School

2 years

550

6.5

79

$85,000

(Source- Official university website)

 

Canada:

When it comes to pursuing MBA abroad, Canada is one country students cannot ignore, not only in terms of the affordability compared to US and Australia but also in terms of employment opportunities. This is one of the main reasons why international students are keen to pursue their management degrees from the country. MBA in Canada may vary from 1 year to 16 months , therefore it is necessary for students to pick the right business schools among the lots. Canada is also known for its Hotel Management course.

 

MBA in business schools in Canada is affordable, compared to MBA in other countries. For example, Rotman School of Management, which is the top business school in Canada, charges $36,816 as tuition fee unlike business schools in the USA whose fees go beyond $60,000. Pursuing MBA in Canada is definitely beneficial for those who are looking for quality education at a decent cost.

Below you will find the best business schools in Canada:

University

Duration

GMAT

IELTS

TOEFL

Salary

Rotman School of Management

2 years

674

7.0

100 IBT

$91,282

Ivey Business School

1 year

655

7

100

$101,479

Sauder School of Business

16 months

650

7

100

$90,093

Desautels Faculty of Management

20 months

655

7

100

$81,694

HEC Montreal

12 months

625

6-8

100-115

$93,655

(Source- Official university website)

 

Singapore:

Singapore is one of the emerging financial hubs, where business giants like IBM, DHL, General Motors and several others have set up their offices. Do not mistake Singapore as only a tourist destination as this Asian country has gained popularity in the educational sector as well. And today Singapore has made a place for itself in the list of top countries to study MBA abroad. It has university like Nanyang Technology University (NTU) that according to Financial Times ranks number 37th in the list of top business schools in the world.

Another reason why Singapore is one of the top countries to study MBA abroad is because the country offers a wide range of choices when it comes to MBA specialisations. Unlike other countries, its business schools offer courses like MBA in HR, MBA Asia Business and MBA in Aviation etc.

 

Let us take a look at the colleges that make Singapore the emerging hub for management studies:

University

Duration

GMAT

IELTS

TOEFL

Salary

National University of Singapore

2 years

No min. requirement

6.5

100

$110,208

National Technology university

12 months

 600 above

6.5

100 above

$110,642

INSEAD

1 Year

No min. requirement

    -

    -

$105,700

SMU

12 months

600

6.5

550

$3,455 per month

Spain:

Spain is considered one of the most popular tourist countries in the world. Do you know that every year the volume of tourists is more than the total population of the country? However, Spain is not just known for its rich culture and attractive lifestyle, but also for its quality business schools making it one of the top countries to study MBA abroad.

 

Prior work experience is required for admission to most of the MBA programs in Spain, as each program requires different years of work experience. Applicants have a wide range of programs to choose from, along with online programs. In fact, the online MBA programmes of IE Business School are popular among MBA aspirants across the world.

 

Spain has some renowned colleges in the world like Esade Business School, and IESE Business School, to name a few.

University

Duration

GMAT

IELTS

TOEFL

Salary

IE Business School

1 year

685

   7

100

$116,029

IESE Business School

19 months

No min. requirement

7.5

105

$89,898

Esade Business School

12-18 months

660

7

100

$83,356

(Source- Official university website)

 

Stay tuned to www.studyabroad.careers360.com for more news and updates on MBA abroad.

 

Also read:

How to apply for MBA in USA?

How to apply for MBA in Australia?

MBA in Top Business Schools - Tuition fee across Countries

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