Top 10 Best Countries to Study MBA Abroad in 2024
Looking for the best MBA experience abroad? Check out our list of the top 10 best countries to study MBA abroad in 2024 and choose the ideal location for your career boost!
Table of Contents
- Introduction
- Best Country to Study MBA: Key Highlights
- Why Study MBA Abroad?
- Best MBA Colleges Abroad for Indian Students
- Best Countries to Study MBA Abroad
- How to Choose the Best Country for MBA Abroad?
- Best Country to Do MBA Abroad: Eligibility
- Average Salaries & Jobs After an MBA Abroad
- Conclusion
- Useful Resources:
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Introduction
Best Country to Study MBA: Pursuing an MBA is a significant step towards advancing your career in the corporate world. With the right specialization, an MBA can open doors to various job opportunities and help you climb the corporate ladder. Many top companies, such as Google and Microsoft, actively recruit MBA graduates from prestigious universities worldwide. For many, earning an MBA from an international institution is a dream. Here, we’ll explore the best countries to study for an MBA in 2024.
Each year, over 4 million Indians enroll in MBA programs, both domestically and abroad. Choosing the best country for an MBA can be difficult. If you're seeking the top countries to study and work in after earning an MBA, we've researched and compiled a list of the best options worldwide.
Best Country to Study MBA: Key Highlights
- The USA, UK, Germany, and Australia rank among the best countries for pursuing an MBA abroad.
- Top institutions like MIT, Harvard Business School, and the University of Cambridge are prime choices for Indian students.
- A GMAT score of approximately 720 and a GRE score above 320 are typically required for admission to top MBA programs.
- The average annual tuition fee for an MBA in the top 10 countries is around USD 80,000 (INR 64 lakh).
- Post-MBA, graduates can expect an average annual salary of USD 120,000 (INR 96 lakh).
Why Study MBA Abroad?
Pursuing an MBA in a top-ranked country offers numerous benefits:
- Practical Knowledge: International MBA programs offer hands-on projects and experiential learning, helping you apply theory to real business situations.
- Career Prospects: An MBA from a prestigious global institution can greatly enhance your career, opening doors both at home and abroad.
- Networking Opportunities: Studying abroad helps you build a diverse professional network with peers, faculty, alumni, and industry leaders.
- Attractive Job Packages: Top international MBA programs are often connected with leading multinational companies, providing graduates with lucrative job opportunities.
Read: Best MBA Courses to Study Abroad in 2024
Best MBA Colleges Abroad for Indian Students
Pursuing an MBA abroad is a popular choice among Indian students due to the international exposure, quality education, and global career opportunities it offers. Here are some of the top MBA colleges abroad for Indian students:
|
QS Global MBA Ranking |
University Name |
Location |
Annual Average Cost (INR) |
|
1 |
The Wharton School |
United States |
1,23,79,221 |
|
1 |
Stanford Graduate School of Business |
United States |
1,13,64,276 |
|
3 |
INSEAD |
Singapore |
76,05,000 |
|
3 |
MIT Sloan |
United States |
1,17,38,760 |
|
5 |
Harvard Business School |
United States |
1,11,71,692 |
|
6 |
London Business School |
United Kingdom |
82,90,540 |
|
7 |
HEC Paris |
France |
49,19,000 |
|
8 |
The University of Chicago Booth School of Business |
United States |
91,26,000 |
|
9 |
Haas School of Business |
United States |
87,45,750 |
|
10 |
Kellogg School of Management |
United States |
57,03,750 |
Best Countries to Study MBA Abroad
Here's a curated list of the top 10 best countries to study MBA abroad:
United States
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
$60,000 - $120,000 |
|
Cost of Study |
$80,000 - $150,000 |
|
Average Salary |
$115,000 |
|
Top Universities |
MIT, Harvard, Stanford, Caltech, University of Pennsylvania |
|
Top Specializations |
Business Analytics, Information Technology, Economics, Finance, Marketing |
United Kingdom
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1 year |
|
Tuition Fee |
£30,000 - £50,000 |
|
Cost of Study |
£40,000 - £70,000 |
|
Average Salary |
£80,000 |
|
Top Universities |
Imperial College London, University of Oxford, University of Cambridge, UCL, The University of Edinburgh |
|
Top Specializations |
General Management, International Business, Finance, Entrepreneurship |
Check Out – Top 20 Universities in UK which accepts IELTS Score for MBA
Canada
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
$40,000 - $80,000 |
|
Cost of Study |
$50,000 - $100,000 |
|
Average Salary |
$90,000 |
|
Top Universities |
University of Toronto, McGill University, University of British Columbia, University of Alberta, University of Waterloo |
|
Top Specializations |
Finance, Marketing, Human Resource, International Business, Operations |
Check Out – Top 15 Universities in Canada which accepts IELTS Score for MBA
Australia
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
$35,000 - $60,000 |
|
Cost of Study |
$50,000 - $80,000 |
|
Average Salary |
$85,000 |
|
Top Universities |
University of Melbourne, University of Sydney, UNSW Sydney, ANU, Monash University |
|
Top Specializations |
Finance, Marketing, Healthcare Management, Information Technology, Entrepreneurship |
Germany
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
€20,000 - €40,000 |
|
Cost of Study |
€30,000 - €50,000 |
|
Average Salary |
€70,000 |
|
Top Universities |
Technical University of Munich, LMU Munich, Heidelberg University, Freie Universität Berlin, RWTH Aachen University |
|
Top Specializations |
Entrepreneurship, Human Resource, Finance, Global Management, International Marketing |
Singapore
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
$40,000 - $70,000 |
|
Cost of Study |
$50,000 - $90,000 |
|
Average Salary |
$90,000 |
|
Top Universities |
National University of Singapore, Nanyang Technological University, Singapore University of Technology and Design, Singapore Management University |
|
Top Specializations |
Finance, Marketing, Strategy and Organisation, Real Estate, Luxury Brand Management |
Spain
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
€20,000 - €40,000 |
|
Cost of Study |
€30,000 - €50,000 |
|
Average Salary |
€60,000 |
|
Top Universities |
Complutense University of Madrid, University of Barcelona, Autonomous University of Barcelona, Autonomous University of Madrid, University of Navarra |
|
Top Specializations |
Finance, Marketing, Strategy and Consulting, Entrepreneurship, International Business |
Netherlands
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1 year |
|
Tuition Fee |
€20,000 - €35,000 |
|
Cost of Study |
€30,000 - €50,000 |
|
Average Salary |
$70,000 |
|
Top Universities |
Delft University of Technology, University of Amsterdam, Utrecht University, Eindhoven University of Technology, Leiden University |
|
Top Specializations |
Human Resource, Marketing, Information Technology, Finance, Travel and Tourism |
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France
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
€20,000 - €40,000 |
|
Cost of Study |
€30,000 - €60,000 |
|
Average Salary |
€65,000 |
|
Top Universities |
Université PSL, Institut Polytechnique de Paris, Sorbonne University, Université Paris-Saclay, École Normale Supérieure de Lyon |
|
Top Specializations |
Finance and Digital Banking, Digital Marketing, Project Management, International Business Development, Travel and Tourism |
Italy
|
Category |
Details |
|
Eligibility |
Bachelor's degree, work experience |
|
Exams |
GMAT/GRE, IELTS/TOEFL |
|
Duration |
1-2 years |
|
Tuition Fee |
€15,000 - €30,000 |
|
Cost of Study |
€25,000 - €45,000 |
|
Average Salary |
€55,000 |
|
Top Universities |
Politecnico di Milano, Sapienza University of Rome, Alma Mater Studiorum - University of Bologna, University of Padova, Politecnico di Torino |
|
Top Specializations |
Finance and Accounting, Marketing, International Business, Human Resource, Operations Management |
These tables summarize the key details about MBA programs in each country, including eligibility requirements, exam prerequisites, program durations, tuition fees, cost of study estimates, average salaries, top universities, and popular specializations.
How to Choose the Best Country for MBA Abroad?
When choosing the best country for your MBA, consider these factors:
- Academic Reputation: Look at the global rankings and reputation of universities offering MBA programs.
- Financial Investment: Ensure the cost of tuition and living aligns with your budget and career goals.
- Cultural Fit: Assess your comfort with the local culture, customs, and language.
- Post-Study Work Opportunities: Consider countries that offer work opportunities for international students post-graduation.
- Career Focus: Select a country and university that excel in your field of interest, offering relevant coursework and industry connections.
Best Country to Do MBA Abroad: Eligibility
To study for an MBA abroad, students must meet the eligibility criteria set by universities, including holding a bachelor's degree from a recognized institution.
- Academic Requirements: Complete a full-time bachelor’s degree with good grades from a reputable university.
- Exams Required: GMAT or GRE for admission, and IELTS, TOEFL, or PTE for language proficiency.
- Application Requirements: Submit a resume, reference letters, and essays as specified by the university.
- Application Process: Follow key steps like course/country selection, profile evaluation, university selection, and submitting required documents.
Average Salaries & Jobs After an MBA Abroad
An MBA from a top country can lead to diverse and lucrative career opportunities. Here are some popular roles:
|
Job Role |
Average Salary (USD) |
Average Salary (INR) |
|
Management Consultant |
100,000 - 150,000 |
83,53,430 - 1,25,30,000 |
|
Business Development Manager |
80,000 - 130,000 |
67,00,000 - 1,08,76,000 |
|
Marketing Manager |
90,000 - 140,000 |
75,18,000 - 1,17,54,000 |
|
Financial Analyst |
85,000 - 135,000 |
70,25,000 - 1,11,56,000 |
|
IT Manager |
95,000 - 145,000 |
78,67,000 - 1,20,09,000 |
Conclusion
An MBA can significantly enhance your career prospects, providing the knowledge and skills necessary for success in the corporate world. Many countries offer excellent MBA programs, and choosing the right one depends on various factors, including cost, quality of education, and job opportunities. An MBA from a top international institution can significantly boost your career, equipping you with the skills and credentials to succeed globally.
Schedule a free consultation with our experts to explore your options and make an informed decision for your MBA abroad.
Useful Resources:
- Top 20 Universities in Australia which accepts IELTS Score for MBA
- Universities in Canada accepting IELTS Score 6
- Universities in Australia accepting IELTS Score 6
- Universities in UK accepting IELTS Score 6
- Universities in Canada accepting IELTS Score for MBA
- Universities in UK accepting IELTS Score for MBA
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