Best Countries to Study MBA Abroad - Check Business Schools, Fees & Ranking

Pursuing an MBA perfectly positions you in the business world. As the global economy requires professionals that understand the market with a broader perspective, the demand for MBA graduates has increased. The challenges posed after the advent of globalisation have further pushed many across the world to pursue an MBA from a reputed foreign b-school.

With its ability to accelerate career prospects and let graduates thrive in a foreign community, pursuing an MBA programme abroad has become rather imperative than discretional.

According to GMAC’s Application Trends Survey Report 2019, four in five b-school candidates consider an MBA (79%), and two in three candidates enrol either in a full-time one-year MBA or two-year MBA (65%). It was also revealed that more than 90% of Fortune Global 100 and 500 companies were keen on hiring MBA talent with USD 115,000 being the median annual base starting salary at US companies. In 2020, the annual Application Trends Survey revealed a rise in Business Schools Applications.

Now that we have established that studying MBA abroad leads to an enriching experience, let us have a look at the five best countries to pursue an MBA.

Top 5 Countries to Study MBA: An Overview

Pursuing an MBA abroad allows you to earn an internationally recognised degree while simultaneously exploring job opportunities in countries where you can generate higher revenue and better your career. The International Monetary Fund (IMF) anticipates that after a recession, the amount of liquidity in the world would increase global traction, leading to remarkable growth in the year 2023. As a result, students who wish to begin their studies in 2022 should not delay in pursuing their goals. To help you decide where to pursue an MBA degree abroad, here are the top five countries with the most popular MBA courses, duration of the course and average tuition fees:

Country	Popular MBA Courses/Specialisations	Tuition Fees (in INR)
US	Accounting, Business Analytics, Entrepreneurship, Finance, Information Systems (20-24 Months)	1,14,14,199 to 1,20,25,940
Canada	Finance, Operations, Marketing, Human Resources, General Management (12-24 Months)	30,33,062 to 68,48,286
Australia	General MBA, Accounting, Global Trade, Tourism Management, Finance (12-24 Months)	21,55,549 to 48,02,542
Germany	Consulting, Ecommerce, Finance, Technology, Marketing (12-24 Months)	20,43,800 to 34,96,997
UK	Hospital Administration, Arts Management, Finance and Accounting, Consulting, Marketing (13-21 Months)	38,97,830 to 84,70,504

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MBA in the USA

You will be surprised to know that the MBA has its roots in the USA. It originated in Boston, Massachusetts in the early 20th Century. While Harvard gave life to MBA, it slowly spread across other US universities, and now, it has taken over all major foreign universities in the world.

US universities offering MBA programmes stand aside for reasons such as practical experience and guidance from experts, a multicultural environment, the enormous scope for networking, and faster career progression, among others. Statista, an online portal for statistics, 2019, pointed out that MBA graduates in the USA can expect a starting salary of approximately 115,000 US dollars. According to the Open Doors Report 2019, India has been sending the highest number of MBA applicants to the US, second only to China.

Students who cannot pursue a full-time MBA course have the option to opt for part-time MBA programmes. In fact, the part-time MBA programme is in great demand among international students. According to reports, in 2013-2014, about 37% of students were enrolled in a part-time MBA programme in US universities and attended classes in the evening or on weekends.

Top USA Universities Offering MBA

Check out a list of top USA universities for Indian students to pursue MBA:

University Name	Course Duration	Fees in INR (Approx.)
Harvard University	2 years	1,11,70,692
Massachusetts Institute of Technology	2 years	59,60,000
University of Pennsylvania	20 months	1,23,79,221
Stanford University	2 years	56,40,000
Columbia University	2 years	58,40,000
Auburn University	17 months	25,03,928
University of South Florida	18 months	24,86,832
George Mason University	20 months	41,11,833
Arizona State University	2 years	77,43,642
University of New Hampshire	1 year	37,59,876

MBA in Canada

In 2019, Canada became the world’s third-leading destination for international students, with a whopping 642,000 foreign students, as reported by CIC News. This accounted for a 13% rise from the previous year in the number of international students hosted by the country, according to IRCC data.

In the QS Global MBA rankings 2020, a total of 240 universities were featured, out of which 18 are Canadian universities. Most universities amongst these are ranked high for the high rate of return on investment, graduation outcomes, diversity and post-degree employment. From top universities to a thriving job market, Canada is credited with a number of merits to becoming one of the top study destinations for an MBA. In 2019, the US News & World Report ranked the country 7th in the world for Entrepreneurship and Open for Business.

Also, with a recent promise to welcome more than 1.2 million immigrants over the next three years (2021-2023), visa regulations are less restrictive as compared to that of the US. The country also makes sure that international students are offered a good number of work opportunities, both on-campus and off-campus, along with a good quality of life.

Top Canadian Universities Offering MBA

Check out a list of top Canadian universities for Indian students to pursue MBA:

University Name	Course Duration	Fees in INR (Approx.)
University of Toronto	19 months	38,80,000
University of British Columbia	2 years	54,90,000
McGill University	20 months	25,40,000
University of Montreal	12 months	29,00,000
University of Western Ontario	12 months	65,95,141
Queen’s University at Kingston	12 months	64,46,518
University of Alberta	20 months	16,00,000
McMaster University	20 months	65,50,000
Saint Mary’s University	16 months	18,73,453
York University	16 months	69,51,217

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MBA in Australia

Australia has been witnessing significant growth in foreign student numbers in the past few years. In 2019, it registered a double-digit growth with a total of 720,150 students enrolled in programmes across various areas. Studying in the field of business and management in the country is considered top-notch for several reasons, one of them being the positioning of 11 Australian b-schools in the top 200, according to QS Global MBA Rankings 2020.

Most MBA programmes offered at Australian universities are internationally recognised and have global accreditation from the AACSB and EQUIS. In addition, the country’s multiculturalism, a blend of practice and theory, development of specialised skill sets, and opportunities to widen your professional network, among others, make Australia a great destination for MBA aspirants.

With the launch of the Graduate Management Association of Australia (GMAA) in 1978, not only is the value of an MBA highly promoted and enhanced every year but management students in the country are also being recognised and provided with opportunities to interact with industry professionals.

Top Australian Universities Offering MBA

Check out a list of top Australian universities for Indian students to pursue MBA:

University Name	Course Duration	Fees in INR (Approx.)
University of Melbourne	2 years	51,53,467
University of New South Wales	16 months	42,24,000
Monash University	2 years	52,06,538
University of Sydney	18 months	29,32,867
The Australian National University	18 months	24,41,000
The University of Queensland	1 year	46,13,484
RMIT University	NA	26,27,849
The University of Western Australia	12-18 months	33,35,089
Curtin University	2 years	24,16,518
Deakin University	18 months	16,98,270

MBA in Germany

One of the biggest advantages of studying MBA at German universities is that Germany is not just the largest economy but also the strongest, according to Investopedia. A strong economy attracts and guarantees a stable influx of both domestic and foreign graduates in the field of business and management.

Germany’s geographic location, crossing the Western and Eastern Europe, acts as a great advantage for potential customers and entrepreneurs, paving the way for new businesses, growth in technology startups and more innovation across various industries.

Besides, the country’s education system comprises renowned academicians with advanced expertise in the business world, thereby, adding more value to a German MBA. The immigration laws in the country further allow students to get an 18-month residence permit and look for jobs that meet their requirements.

Top German Universities Offering MBA

Check out a list of top German universities for Indian students to pursue MBA:

University Name	Course Duration	Fees in INR (Approx.)
University of Mannheim	12-15 months	33,25,178
Technical University of Munich	2 years	16,48,000
Ludwig-Maximilians-Universität München	2 years	NA
WHU - Otto Beisheim School of Management	12 months	34,21,845
Freie Universität Berlin	12-24 months	NA

MBA in the UK

With 27 UK universities named in the QS Global MBA Rankings 2021, the country is likely to show up on your list of shortlisted countries for an MBA. The London Business School comes at the top of the country list at the sixth position, along with 9 more universities in the top 100 in world rankings.

Most international students opt for an MBA at UK universities for their close links with industry, wide scope of networking, relatively lower tuition fees, global recognition and career services during and after graduation.

Being a key consideration for prospective b-school students, the ROI for MBAs at UK universities is high. Students earn between USD 80,000 and USD 180,000 within three years of graduation.

Top UK Universities Offering MBA

Check out a list of top UK universities for Indian students to pursue MBA:

University Name	Course Duration	Fees in INR (Approx.)
London Business School	15-21 months	90,39,916
University of Cambridge	1 year	57,51,389
University of Oxford	1 year	66,43,728
The London School of Economics and Political Science (LSE)	1-3 years	95,04,414
University of Warwick	1 year	38,15,017
Imperial College London	1 year	55,75,922
University of Manchester	12 months	43,86,652
Aston University	12 months	27,29,472
City University London	12 months	47,65,800
Cranfield University	13 months	39,16,306

While these are the top five countries for Indian students to study MBA abroad, several others, such as Ireland, Singapore, and the Netherlands, attract a large number of foreign students each year. It is worth noting that most B-schools in other countries also provide online and part-time degrees for working professionals.

Hope this helps you in getting some clarity on which country would be the best fit for you to pursue an MBA abroad. For any queries, write to us at abroad@collegedekho.com.

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