An MBA abroad provides students with a worldwide viewpoint on business practices, access to varied networks as well as exposure to state-of-the-art industry trends. Prestigious programs in the USA, Canada, and the UK enable students to learn from esteemed faculty and engage with peers from diverse professional and cultural backgrounds.
Why Study an MBA Abroad?
There are several reasons for students to consider pursuing an MBA degree abroad. They are:
- International Perspective: Acquire global viewpoints on management and business.
- Top-notch Instruction: Learn from top-tier faculty, resources, and instructional methods.
- Possibilities for Specialization: Select from specialized and distinctive MBA programs that are not available locally.
- Linguistic Abilities: Enhance or learn new languages, thereby boosting your professional background.
- Cultural Experience: Living and studying abroad helps develop intercultural skills.
- Personal Development: Global experience helps develop independence, adaptability, and leadership.
- Extensive Networking: Establish relationships with international professionals and colleagues.
- Renowned Alumni Networks: Participate in powerful and varied alumni communities globally.
- Enhanced Employment Opportunities: Improve employability with an internationally acknowledged degree.
- Greater Income Prospects: Post completing their MBA degree abroad, students can expect higher earnings and improved career prospects.
Best Countries to Do MBA
Listed below are the best countries for MBA for Indian students:- United States
- United Kingdom
- Australia
- Canada
- Germany
- Singapore
- France
- Netherlands
- Switzerland
- Spain
Top MBA Foreign Universities and Colleges
There exist several best countries to do MBA. Students have the opportunity to pursue an MBA from foreign universities and colleges listed below:
- Wharton School, University of Pennsylvania (USA)
- Harvard Business School (USA)
- Columbia Business School (USA)
- Stanford Graduate School of Business (USA)
- Kellogg School of Management, Northwestern University (USA)
- NYU Stern School of Business (USA)
- MIT Sloan School of Management (USA)
- University of California, Berkeley, Haas School of Business (USA)
- University of Chicago Booth School of Business (USA)
- University of Oxford, Saïd Business School (UK)
- London Business School (UK)
- University of Cambridge, Judge Business School (UK)
- HEC Paris (France)
- INSEAD (France/Singapore)
- IESE Business School, University of Navarra (Spain)
List of MBA Courses in Abroad
Mentioned below is the list of MBA courses in abroad:
- General MBA
- Online MBA
- Executive MBA (EMBA)
- Part-Time MBA
- Global MBA
- Dual MBA (e.g., MBA with MS/MA)
- MBA in Human Resource Management
- MBA in Healthcare Management
- MBA in Sports Management
- MBA in Information Technology
- MBA in Marketing
- MBA in Consulting, among others.
What is the Course duration of an MBA abroad?
Based on the format and country, an MBA abroad generally spans 1-2 years. In the USA and Canada, traditional MBA programs typically last 2 years, while in the UK, Germany, Switzerland, France, and Australia, numerous programs take 1 year to complete. Executive MBA (EMBA) and part-time alternatives may differ in duration spanning 1.5-3 years, accommodating working professionals.
Requirements for Admission to an MBA abroad
An MBA degree abroad requires students to fulfil the following prerequisites:
- Undergraduate i.e. Bachelor's degree
- TOEFL/IELTS test scores
- GRE/GMAT test scores
- Work Experience of at least 2-5 years
- Statement of Purpose (SOP)
- Recommendation Letters
- Revised Resume
- Current Passport
- Application Fee
- Visa Prerequisites
Eligibility to Pursue MBA in Foreign
An MBA in foreign countries requires students to fulfill the following eligibility criteria:
- An accredited Bachelor's degree from a recognized university, generally in any field.
- Outstanding academic records and transcripts.
- The student needs to submit GMAT/GRE test scores.
- Non-native English speakers need to prove their fluency in English through appearing for English language proficiency tests like the IELTS or TOEFL.
- Work experience spanning 2-5 years is generally needed.
- SOP or personal essays highlighting the student’s motivation and objectives for pursuing the program.
- Submission of 2-3 recommendation letters from instructors or employers.
- Volunteering activities, leadership positions, or important non-academic accomplishments (optional but appreciated).
- He/she needs to provide evidence of his/her ability to pay for tuition and living costs or scholarships/funding options.
- Eligibility for a student visa depending on the regulations of the destination country.
Exams to Study MBA Abroad
An MBA abroad for Indian students requires them to appear for the following exams:
- GMAT (Graduate Management Admission Test)
- GRE (Graduate Record Examination)
- IELTS (International English Language Testing System) or TOEFL (Test of English as a Foreign Language).
Financial Considerations for Pursuing an MBA Abroad
Although a thrilling venture, pursuing an MBA degree abroad requires significant financial investment. One needs to bear in mind the following variables:
Tuition Fees
Based on the country, university, and program’s reputation, tuition fees for an MBA abroad differs. Tuition fees cost between $50,000 - $100,000+ per year in the USA, while in the UK, they cost between £30,000 and £80,000. MBA programs in Europe cost between €20,000 - €60,000 annually.
Scholarships & Financial Aid
To lower the cost of an MBA degree abroad, scholarships and monetary assistance are offered by numerous business schools. These include merit-based, need-based, or scholarships particular to groups like women or underrepresented communities.
Cost of Living
Typical expenses entail food, housing, transit, and healthcare, which can cost between $15,000 - $25,000 in the US to $5,000 - $15,000 in Asia.
Part-time Jobs
Overseas students are permitted to work part-time for a maximum of 20 hours per week during the academic term and full-time during scheduled breaks to cover living costs.
Cost of studying MBA for Indian Students Per Annum
The annual cost of studyingMBA abroad for Indian students are as under:
- India: INR 5 Lakhs to 30 Lakhs
- UK: GBP 20,000 to 50,000
- USA: USD 40,000 to 1,00,000
- Australia: AUD 35,000 to 70,000
- Canada: CAD 30,000 to 60,000
- Singapore: SGD 30,000 to 80,000
- Switzerland: CHF 25,000 to 80,000
- Germany: EUR 10,000 to 30,000
- Spain: EUR 20,000 to 50,000
- France: EUR 15,000 to 40,000
FAQs:
-
How long does an MBA abroad typically take?
Based on the program and country, an MBA abroad generally spans 1-2 years. -
How much does it cost to pursue an MBA abroad?
An MBA degree abroad generally costs between $20,000 to $100,000 annually, based on the university and location. -
Are MBA scholarships available for international students?
Yes, MBA scholarships based on merit or need are offered by numerous universities and organizations for overseas students. -
What are the career opportunities after completing an MBA abroad?
Post completing an MBA abroad, the employment opportunities available to students include: Marketing Manager, Human Resources Manager, Investment Banker, Data Analyst, Management Consultant, Product Manager, Entrepreneur, International Business Manager, Business Development Manager, among others.
For further assistance or queries students can contact us, Edwise International and avail our wide range of services for students on destinations like study in UK, study in USA, study in Canada, study in Australia, study in New-Zealand, study in Singapore, study in Ireland, study in France, study in Germany and many other countries.
