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Best Countries to Study MBA Abroad for Indian Students

Global leaders who originated from India, like Sundar Pichai, Indra Nooyi, Satya Nadella, and many more personalities in the past, have a specific common thing. Irrespective of their wealth, they are all MBA graduates. Also, they did their MBA in abroad. There are many countries that provide MBA degree courses but studying in the top country gains recognition and respect. Considering the above factor, this blog shows the best countries for MBA education and other requirements such as MBA specializations, scholarships, and jobs after graduation and concludes with some frequently asked questions for students whom they may want to ask.

Why Study MBA Abroad

  • Future-oriented Infrastructure: There are certain abroad universities that have cutting-edge technology and innovation hubs (or) centres for students with a vision towards the future betterment.
  • International Exposure: Pursuing an MBA abroad exposes another world to students and helps them to think rationally. This unique attribute would be useful in today’s business world.
  • Linked-In: A student who decides to study abroad connects to an opportunity with students and professionals across the world. This aids in the job search or for referrals.
  • Catchy Careers: Studying an MBA in overseas education can land lucrative job postings and attractive salary packages for graduates.
  • Trying New: A student who crosses the border for study abroad programs could change the way of life and transform into a self-reliant and self-sustaining person.

Best Countries for MBA for Indian Students

Best Countries for MBA for Indian Students

Choosing a country among the best countries for MBA studies depends upon several factors, such as tuition fees, food and accommodation, standard of living, and so on. Considering all the necessary factors and also the course factors, the following list lists the best countries to study abroad for an MBA:

  • The United States of America
  • The United Kingdom
  • Canada
  • Australia
  • Germany

Let’s delve deeper for more insights:

The United States of America

The USA is considered the best country for MBAs for students from India. There is a reason for the USA’s supremacy over MBA. The possible explanation is that the USA is the hub of most renowned universities, and certain colleges are considered the best MBA colleges in the world. The MBA course in the USA also includes internships during the summer.

Top 5 Universities
  • Stanford Graduate School of Business
  • Penn (Wharton)
  • Harvard Business School
  • MIT (Sloan)
  • Columbia Business School
Popular Programs
  • Finance
  • Business Analytics
  • Business Economics
Eligibility Criteria
  • Bachelor’s Degree
  • GMAT: 600 & above
  • IELTS: 7.0-7.5; TOEFL: 90-105
  • Work Experience (If applicable)
Course Duration
  • Full-Time: 1-2 Years
  • Part-Time: Upto 3 Years
Cost of Studying
  • $(60,000 – 80,000)

The United Kingdom

Like the United States, the United Kingdom is also the preferred country for Indian students for MBA studies. Its distinctive landscapes and the social life become the major pull-factor of Indian students, which results in a vibrant and thriving day-to-day activity. Also, the UK universities offer a wide MBA courses list for students to choose from.

Top 5 Universities
  • London Business School
  • Cambridge (Judge)
  • Oxford (Said)
  • Imperial College Business School
  • Warwick Business School
Popular Programs
  • General Management
  • Finance
  • Marketing
Eligibility Criteria
  • Bachelor’s Degree (or) Equivalent
  • GMAT: 600-700
  • IELTS: 6.0-6.5; TOEFL: 92-100
  • Relevant Work Experience (if applicable)
Course Duration
  • Full-Time: 1-1.5 Years
  • Part-Time: 2-4 Years
Cost of Studying
  • $(38,000 – 97,000)

Canada

Canada is another preferred country for Indian students because of its affordability. According to Forbes, Canada is known for ranking top in business investments. With a strong job market and graduates from a well-respected university, Canada becomes the regular choice among Indian students for MBA education.

Top 5 Universities
  • Toronto (Rotman)
  • McGill (Desautels)
  • Western (Ivey)
  • UBC (Sauder)
  • Queen’s (Smith)
Popular Programs
  • Financial Risk Management
  • General Management
  • Entrepreneurship and Innovation
 

Eligibility Criteria

  • Bachelors (or) Equivalent
  • GMAT: 500-700
  • IELTS: 6.5-7.0; TOEFL: 90-100
  • Work Experience (1/2 years) (if applicable)
Course Duration
  • Full-Time: 2 Years
  • Part-Time: 2-4 Years
Cost of Studying
  • $(30,000 – 40,000)

Australia

Another better choice for Indian students among the best countries for MBA is Australia. With over several business schools and a high quality of life, Australia is the best choice to settle-down. Also, the Australian universities provide different types of MBA courses, according to today’s ever-evolving market demand.

Top 5 Universities
  • Melbourne Business School
  • UNSW (AGSM)
  • University of Sydney Business School
  • UQ Business School
  • Monash Business School
 

Popular Programs

  • Finance
  • Marketing
  • Entrepreneurship
 

Eligibility Criteria

  • Bachelor’s degree with minimum 60% score
  • GMAT: 550-700
  • IELTS: 6.0-6.5; TOEFL: 64-96
  • Work Experience (If applicable)
Course Duration
  • Full-Time: 1.5-2 Years
  • Part-Time: 3-5 Years
Cost of Studying
  • $(35,000 – 55,000)

Germany

Germany is the best choice for students from India since the tuition fees in most of the public universities in Germany are completely free. The country offers state-of-the-art infrastructure and extensive research opportunities, which makes it the ideal place for Indian students to study the Masters in Business Administration. Moreover, many educators could teach German courses in English to attract Indian as well as international students.

Top 5 Universities
  • Frankfurt School of Finance & Management
  • Mannheim Business School
  • WHU (Otto Beisheim)
  • ESMT Berlin
  • EU Business School
Popular Programs
  • Engineering Management
  • Executive MBA
  • Leadership & Supply Chain Management
Eligibility Criteria
  • Bachelor’s Degree (3/4-year study)
  • GMAT Score: 550-600
  • IELTS:6.0-6.5; TOEFL: 90-100
  • Relevant Work Experience
Course Duration
  • Full-Time: 1-2 Years
  • Part-Time: 2-3 Years
Cost of Studying
  • $(18,000 – 42,000)

Top MBA Specializations

If a student wants to study MBA abroad, the most important condition for a student would be the stream selection. After finalizing the course via careful R&D, the next step would be studying the course description and the eligibility criteria for the selected course. For enrolling as an MBA student, the common feature for all courses is writing a GMAT for MBA. So, the student, irrespective of the nationality, has to write the GMAT abroad for an overseas MBA education. Considering the necessity factor, the upcoming list highlights the in-demand, top MBA programs:

  • MBA in General Management
  • MBA in Finance
  • MBA in Business Administration
  • MBA in Human Resource Management
  • MBA in Marketing Management
  • MBA in Strategy/Strategic Management
  • MBA in Entrepreneurship

Scholarships for MBA Abroad for Indian Students

Apart from course details, another attribute that students note down is the cost of studying for MBA education. The abroad tuition fee is considerably higher compared to the home country. So, most of the students work part-time to reduce their financial burden that they’re enduring. To ease the burden, the universities provide scholarships and reduce the tuition fees. So, the following list shows the scholarships from the best countries for MBA education, country-wise:

1.Scholarships in The USA

    • Stanford Knight-Hennessy Scholars Program
    • Harvard Business School Scholarships
    • McKinsey Award
    • Joseph Warton Fellowship
    • Judith L. and William G. Bollinger Fellowship

2.Scholarships in The UK

    • Charles Wallace India Trust Scholarships
    • Chevening Scholarships
    • Commonwealth Masters Scholarships
    • GREAT Scholarships
    • Inlaks Scholarships

3.Scholarships in Canada

    • Ontario Graduate Scholarship Program
    • Haskayne Entrance Donor Scholarships
    • Ivey MBA Scholarships in Canada
    • Alberta MBA Scholarships
    • Rotman School of Management Scholarships

4.Scholarships in Australia

    • ANU MBA Scholarships
    • Curtin International Scholarships – Merit Scholarships
    • Melbourne MBA Scholarships
    • Monash International Leadership Scholarships
    • Adelaide MBA Scholarships

5.Scholarships in Germany

    • DAAD Scholarships
    • ESMT MBA Scholarships
    • Dean’s Excellence Scholarships
    • Women in Business Scholarships
    • Asia Scholarship

High Paying Jobs in the Best Countries for MBA Abroad

After completing MBA, there are variety of job opportunities for students with MBA graduation who done abroad. These job opportunities are not just like asylum seeking. They are high-paying white-collar jobs that most of them want to employ. So, the following shows the potential lucrative jobs for MBA grads:

  • Business Development Managers
  • Business Analysts
  • Consulting Mangers
  • Investment Bankers
  • Corporate Finance Managers
  • Senior Financial Analysts
  • Business Consultants
  • Marketing Managers
  • Compensation Analysts

MBA Salary in Abroad Per Month

The salary for an MBA graduate is subjective based on factors like location, designation, nature of office, and so on. Therefore, to provide a more comprehensive view, the following table outlines the average salary in the top countries:

Top Countries Average Salary (USD/month) Average Salary (USD/year)
USA 9583 115,000
UK 10,625 127,504
Canada 6139.29 73,671.50
Australia 5326 63,913.15
Germany 16169.25 194,031.25

Conclusion

On the whole, management education is always in demand in today’s globalized world since productivity measures the success of a country. Keeping that in mind, this blog has shown the best countries for MBA education. If you want to leapfrog your education towards abroad and don’t know where to start, start with CanApprove.

Frequently Asked Questions (FAQ)

Which country has high demand for MBA?
The United States of America has the high demand for MBA education.
What are the types of MBA one can pursue abroad?
There are 5 types of MBA: Full-time, Part-time, One -year, Executive and Dual MBA courses one can pursue abroad.
Which MBA specialization is best in abroad?
There are many specializations in MBA. Out of those, MBA in Finance is considered best in abroad.
Is GMAT needed for MBA Abroad?
Yes. It is necessary to take the aptitude tests like GMAT. If not GMAT, there is another test like GRE.
Which MBA has highest salary abroad?
MBA in International Business receives the highest salary since BDMs are required for a company or LLP to move the business smoothly, across borders.

Top Universities to Study in USA for International Students

Study abroad in the USA has emerged as another popular destination for education. More than 1 million students have been part of this diverse country. USA is known for the modern infrastructure and world class quality of education. The universities in USA for international students, offer varied courses and are highly recognized for the quality of education. The country is known for the research facilities and internationally acclaimed graduate / post graduate programs.

Studying in top Universities in USA offers voracious understanding of the subject you choose and higher career opportunities. This blog takes you through the top Universities in USA and makes your educational journey in the country easy.

Why Study in the USA

Higher Career Prospects

The USA is a developed country with opportunities for work and possibilities for growth. It is home to world class universities, conducts job fairs and career workshops with prominent collages eventually leading to professional network.

Cutting Edge-Facilities

Universities in USA for international students have highly advanced research laboratories, manufacturing industries and more which allows you to get involved in research activities and innovative creations.

Multicultural Experience

Studying abroad in USA provides you the chance to work, live and learn with diverse group of people and provide you valuable experience in th industry.

Top 10 USA University list for International Students

1. Massachusetts Institute of Technology

2. Stanford University

3. Harvard University

4. California Institute of Technology

5. Princeton University

6. Yale University

7. Duke University

8. Brown University

9. University of Washington

10. Columbia University

Here is a list of top Universities in the USA, which gives you a clear idea about the world class universities. Universities in USA for international students offer varied courses without compromising the quality of education.

1. Massachusetts Institute of Technology

The university is established in 1861 and has played a significant role in the development of areas of modern technology and science. It is one of the three private land grant universities. The popular courses in MIT are:

  • Computer Science
  • Electrical engineering
  • Mathematics
  • Mechanical Engineering
  • Business Analytics etc.
QS World Ranking THE World Ranking Cost of Studying
1 3 approx. 61,990 USD

2. Stanford University

It is one of the most successful Universities worldwide in attracting students from around the world. Sport is the popular game among the students, and they enjoy state of the art facilities and well ness programs. With study programs the university offers world class courses. Major courses include:

  • Statistics
  • Computer Science
  • Electrical Engineering
  • Machine learning
  • Economics
QS World Ranking THE World Ranking Cost of Studying
6 2 92892 USD -109749 USD

3. Harvard University

Established in 1636 Harvard University offers mostly post graduate programs. It is known for its academic excellence, reputation and its influence around the world. There are more than 20,050 students attending the university in varied courses. The popular courses offers at Harvard University are as follows:

  • Psychology
  • History
  • Data Science
  • Bachelor of Business Administration
  • Law & Justice
QS World Ranking THE World Ranking Cost of Studying
4 4 approx. 83538 USD

4. California Institute of Technology

The California institute of technology is a world-renowned science and engineering research and education institution. The university is devoted to teaching technical arts and applied sciences. California institute of technology offers rigorous academic curriculum and activities that ensures personal development. Top courses in California Institute of technology are:

  • Chemical engineering
  • Biology
  • Planetary science
  • Chemistry
  • Bioengineering
QS World Ranking THE World Ranking Cost of Studying
10 7 approx.63255 USD

5. Princeton University

This is a world class teaching and research university with profound and distinctive commitment to undergraduate education and services. You get an opportunity to explore many academic and extracurricular activities. Some of the most popular courses are:

  • Architecture
  • Chemistry
  • Anthropology
  • Engineering
  • Art & Archeology
QS World Ranking THE World Ranking Cost of Studying
22 6 approx. 63255 USD

6. Yale University

Yale university is a private research institution which offers a student life reflecting the diversity of cultures and nationalities on campus. The university is regarded as one of America’s prestigious universities. There are numerous courses offers by this university which include:

  • MBA
  • Applied Physics
  • East Asian studies
  • Psychology
  • Political Science
QS World Ranking THE World Ranking Cost of Studying
23 10 approx. 49500 USD

7. Duke University

Duke University is the seventh -wealthiest private University in America. It has more than 15000 students with most of them being post graduate aspirants. The University foster student interaction and exchange and motivates students to follow their passion and interests. The popular course available in the Duke University are:

  • Visual Arts
  • Romance studies
  • Global Health
  • Environmental engineering
  • Arts & Languages etc.
QS World Ranking THE World Ranking Cost of Studying
61 26 approx. 66172 USD

8. Brown University

Brown University is ranked among the top collages in the USA, offering world class education. It is the seventh oldest institution of higher education, founded in 1764. It is known for varied study programs ranging from developmental studies to English language and literature. Other popular course include:

  • Arts & Humanities
  • Life Science & Medicine
  • Natural Sciences
  • Social Science and Management
  • Engineering & Technology
QS World Ranking THE World Ranking Cost of Studying
79 64 approx. 68230 USD

9. Saint Louis University

It is one of the oldest and most prestigious universities in the USA. The university offers a rigorous and transformative education. They focus on providing relevant information to make scholars who can make the world better. Top courses in Saint Louis University are:

  • Aerospace engineering
  • Healthcare studies
  • Biomedical engineering
  • Analytics
  • Business
  • Computer Science
QS World Ranking THE World Ranking Cost of Studying
601-650 301-350 approx. 53244 USD

10. Columbia University

Columbia University is established in 1754, with around 28000 students, mostly postgraduates and roughly 8500 undergraduate students. The university is well known for its achievements in journalism, literature and musical composition. The popular streams of study in Columbia University are:

  • African American studies
  • Anthropology
  • East Asian Language & Culture
  • Human Rights studies
  • Medieval and Renaissance Studies
QS World Ranking THE World Ranking Cost of Studying
34 17 approx.66139 USD

The above listed are top 10 universities in the USA which offer dedicated learning taking that equips you to tackle the evolving industry.

Concluding

Study in USA for international students is a great option for students aspiring to create a successful career. The universities in USA for international students offer comprehensive education and combines academic excellence, practical experience and personal growth. Moreover, the opportunities offered by the country is unmatched which makes the USA a top choice for students seeking abroad education.

Frequently Asked Questions (FAQ)

Which is the cheapest university in the USA for international students?
Some of the cheapest universities in USA are California state University, Hawai’i Pacific University, South Dakota state University, University of North Georgia etc.
How much does it cost to study in the USA for international students?
Studying in the USA is a bit expensive, but the quality of education offered is unmatched. The average cost of study comes to around $25000-$40000.
How can I stay back in the USA?
USA usually offers Optional Practical training (OPT) for staying back in the USA. Generally, international students are offered 1 year of stay back in the USA. For students pursuing STEM programs can extend their OPT for additional 2 years, i.e they get 3 years of stay back in USA.
Can I study in the USA with a full Scholarship?
Yes, you can study in the USA with a full scholarship, if you meet the requirements.
What is an I- 20 USA?
It is a multipurpose document issued by the US government approved educational institution validating that you are admitted to a study program in the country.
How many intakes are there in the USA for international students?
There are three main intakes in the USA, Summer, Spring and Fall. Spring intake happens in January, Summer in May and Fall in September.