5 Best Countries for Indian Students to Study MBA Abroad

An MBA, as perfectly as it possibly positions you in the business world, the global economy demands you to understand the market with a broader perspective. The challenges posed after the advent of globalization has further pushed many across the world to pursue an MBA from a foreign b-school. 

With its innate ability to accelerate your career prospects and let you thrive around a foreign community, studying MBA abroad today has become rather imperative than discretional. 

According to GMAC’s Application Trends Survey Report 2019, 4 in 5 b-school candidates consider an MBA (79%), and 2 in 3 enrol either in a full-time one-year MBA or two-year MBA (65%). It also revealed that more than 90% of Fortune Global 100 and 500 companies were keen on hiring MBA talent with US$115,000 being the median annual base starting salary at US companies. Also, an annual Application Trends Survey conducted by the GMAC reveals a rise in Business Schools Applications- 2020. 

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

Top 5 Countries to Study MBA: An Overview

Here are the top five countries with the most popular MBA courses, duration of the course and average tuition fees:

MBA from the USA 

Have you been told that MBA originated in the USA in the early 20th Century? It was later adopted by universities in other countries. According to Open Doors Report 2019, India has been sending the highest number of MBA applicants to the US, second only to China.

US universities offering MBA programmes stand aside for reasons such as practical experience and guidance from experts, multicultural environment, the enormous scope for networking, faster career progression, among others. Statista, an online portal for statistics, in 2019, pointed out that MBA graduates in the USA can expect a starting salary of approximately 115,000 U.S. dollars.

The students who cannot undertake a full- time MBA course have an option for part-time MBA programs. In fact, the part-part program is in great demand among international students. According to the reports for 2013/ 2014 school year, 37% of the students were enrolled for part-time MBA in US universities and attended classes in the evening or on weekends. 

Top USA Universities Offering MBA

Name of the B-School	Fees (Approx.)	Duration
Harvard University	INR 52,06,896	2 Years
Massachusetts Institute of Technology	INR 52,60,780	2 Years
University of Pennsylvania	INR 54,29,522	20 Months
Stanford University	INR 51,80,096	2 Years
Columbia University	INR 52,74,960	2 Years
Auburn University	INR 20,48,301	17 Months
University of South Florida	INR 13,81,061	18 Months
George Mason University	INR 41,30,000	20 Months
Arizona State University	INR 78,30,000	2 Years
University of New Hampshire	INR 34,70,000	1 Year

Also Read: Growth in GMAT 2020 Applications Indicates a Rising Demand to Study MBA in USA

MBA from Canada 

In 2019, Canada became the world’s third-leading destination of 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 become one of the top study destinations for MBA. In 2019, the U.S. 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

Name of the B-School	Fees (Approx.)	Duration
University of Toronto	INR 16,52,710	19 Months
University of British Columbia	INR 4,86,452	2 Years
McGill University	INR 24,18,130	20 Months
University of Montreal	INR 29,68,000	12 Months
University of Western Ontario	INR 59,36,000	12 Months
Queen’s University at Kingston	INR 51,93,475	12 Months
University of Alberta	INR 8,97,697	20 Months
McMaster University	INR 10,58,489	20 Months
Saint Mary’s University	INR 16,55,468	16 Months
York University	INR 28,27,854	16 Months

Also Read: Canada or USA? Which is Better for Pursuing MBA

MBA from 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. Study 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, 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 MBA being 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

Name of the B-School	Fees (Approx.)	Duration
University of Melbourne	INR 48,48,429	2 Years
University of New South Wales	INR 46,804,95.00	16 Months
Monash University	INR 21,53,800	2 Years
University of Sydney	INR 24,47,500	18 Months
The Australian National University	INR 22,10,974	1.5 Years
The University of Queensland	INR 39,55,552	1 Year
RMIT University	INR 20,67,648	NA
The University of Western Australia	INR 32,34,092	12-18 Months
Curtin University	INR 14,58,710	2 Years
Deakin University	INR 15,68,830	1.5 Years

Also Read: Timeline for February 2022 Intake to Study in Australia

MBA from 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

Name of the B-School	Fees (Approx.)	Duration
University of Mannheim	INR 34,70,746	12-15 Months
Technical University of Munich	INR 33,80,000	2 Years
Ludwig-Maximilians-Universität München	NA	2 Years
WHU - Otto Beisheim School of Management	INR 35,58,613	12 Months
Freie Universität Berlin	INR 0	12-24 Months

Also Read:  Top Courses in Germany for International Students

MBA from 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 6th position, along with 9 more universities in the top 100 in the world. 

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, with students earning between $80,000 and $180,000 only three years out of the course.  

Top UK Universities Offering MBA

Name of the B-School	Fees (Approx.)	Duration
London Business School	INR 86,52,667	15-21 Months
University of Cambridge	INR 52,67,940	1 Year
University of Oxford	INR 54,98,066	1 Year
The London School of Economics and Political Science (LSE)	INR 24,44,324	1-3 Years
University of Warwick	INR 37,38,389	1 Year
Imperial College London	INR 53,64,850	1 Year
University of Manchester	INR 40,66,480	12 Months
Aston University	INR 25,44,612	12 Months
City University London	INR 41,20,000	12 Months
Cranfield University	INR 36,50,000	13 Months

Also Read:  Top Courses to Study in the UK for International Students

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 doubt or query, you can write to us at abroad@collegedekho.com.