An MBA is an advanced degree in management. It is a postgraduate qualification that offers various specialisations, including the core subjects in business management and administration. With an MBA degree, you can open up a global management career with unlimited growth, potential and endless opportunities. This degree can boost your career after your graduation and push you to the managerial level with an excellent pay scale. This is one of the reasons why the demand for studying MBA abroad is growing day by day.
MBA Abroad: A 30-Second Read
MBA – Master of Business Administration
Duration of MBA Abroad – Mostly 2 years, but in the UK it is 1 year. Also, a part-time MBA program usually takes 2-3 years.
Cost of studying MBA Abroad – Studying MBA in a foreign country is expensive. The US is more expensive than the UK and Ireland. Also, Australia, Canada and France offer MBA programs which cost more or less similarly to the USA. It’s up to you which country you target and what your budget is.
Normally, it takes 25 to 50 lakh to complete an MBA from one of the top Universities in the USA, the UK, Australia, Canada, France, etc.
How to Do an MBA from Abroad?
To pursue an MBA abroad in one of the top business schools, you must meet eligibility requirements. You should have a bachelor’s degree and work experience. Though work experience is desirable, but not always mandatory. Take (GMAT/GRE and English proficiency tests, such as IELTS/TOEFL/PTE/Duolingo). You also need to prepare application materials such as a solid SOP, a recommendation letter and a CV. If you are specifically aiming for an MBA in USA, these requirements play a crucial role in securing admission to top-ranked universities.
Here are the key steps to do an MBA from one of the business schools abroad:
- Bachelor’s Degree
- Work Experience (desirable, not mandatory for all business schools)
- GMAT/GRE (desirable, not mandatory for all business schools in the world)
- English Proficiency test, any one – IELTS, TOEFL, PTE, DUOLINGO, whichever is asked by the University
- Statement of Purpose
- Letter of recommendation
- Academic transcripts
- Valid passport
- Proof of funds
Top MBA Colleges Abroad
Top MBA colleges are all around the world. Here we will discuss the top 5 MBA colleges abroad in each country. We will highlight the USA, the UK, France, Germany, Italy, Australia and Canada. Yes, other countries also offer top-class management programs, but we have picked some top developed countries. We have not indicated the best management or MBA colleges in India, assuming that you are an Indian management aspirant and planning to study abroad for your MBA while already knowing that the best colleges are also available in India.
Country | Business School | Approx. Tuition Fees | World Rank |
UK | London Business School | INR 85.7 lakh | 5 |
UK | Cambridge Judge Business School | INR 82.7 lakh | 7 |
UK | Imperial College Business School | INR 75.5 lakh | 18 |
Country | Business School | Approx. Tuition Fees | World Rank |
USA | Stanford Business School | INR 66.8 lakh | 1 |
USA | Wharton School of Business | INR 70.9 lakh | 2 |
USA | Harvard Business School | INR 62.6 lakh | 3 |
Country | Business School | Approx. Tuition Fees | World Rank |
Canada | Rotman School of Management | INR 80 lakh | 39 |
Canada | Desautels Faculty of Management | INR 63 lakh | 66 |
Canada | IIvey Business School | INR 77 lakh | 76 |
Country | Business School | Approx. Tuition Fees | World Rank |
France | INSEAD | INR 96 lakh | 76 |
France | HEC Paris | INR 68 lakh | 11 |
France | ESCP Europe | INR 33 lakh | 6 |
Country | Business School | Approx. Tuition Fees | World Rank |
Australia | Melbourne Business School | INR 75 lakh | 32 |
Australia | UNSW Business School | INR 80 lakh | 31 |
Australia | University of Sydney | INR 60 lakh | 50 |
Country | Business School | Approx. Tuition Fees | World Rank |
Italy | SDA Bocconi Business School | INR 70 lakh | 39 |
Italy | Politecnico di Milano | INR 39 lakh | 6 |
Italy | ESCP Europe | INR 37 lakh | 20 |
Seeking Guidance?
That’s right! Without expert guidance, it is quite hard to study MBA abroad. You may have experience, or you have someone to help you with the online application, searching for business schools, and more. When you partner with a trusted study abroad consultant, like Education Vibes, you can rest assured, your admission to one of the top business schools in the world is guaranteed. A study abroad consultant will not only help you choose the best business school, but also guide you from your admission to your departure.
So what are you looking for? Start your MBA abroad journey from today with Education vibes!
If you would like to read more articles about pursuing an MBA abroad, please refer to the following links:
- https://www.theconsumersfeedback.com/guestpost/mba-abroad-top-universities-exams-scholarships-and-benefits
- https://app.solpal.io/blogs/54432/Explore-Top-Entrance-Exams-for-Studying-MBA-Abroad-at-Prestigious
- https://mapix.bizlisting.cloud/explore-top-entrance-exams-for-studying-mba-abroad-at-prestigious-business-schools/
- https://www.theseobacklink.com/detail/top-countries-to-study-mba-abroad159450