MBA Abroad for Indian Students: Universities, Colleges & Fees

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Updated on Jul 29, 2022 17:23 IST

MBA in abroad is a widely opted master’s program in the world. This master in business administration program is available in a range of specializations to train students in the field of management. Universities in abroad offer an MBA program to prepare future business leaders. Countries like the UK, USA, Canada, etc. are the preferred choice of Indian students to pursue an MBA Abroad program.

MBA Admission abroad is based on the GMAT score and performance in one of the English Proficiency Tests like IELTS, TOEFL, etc. The minimum first-year tuition fees start from INR 1 lakh to complete the degree. The average salary that MBA graduates get in abroad is around $135k yearly.

MBA in Abroad Highlights

Total Number of MBA in Abroad Universities

930 (approx.)

MBA Cost Abroad

Tuition Fee - INR 22.86 lakh per year (average)

Living Expenses - INR 6.13 lakh per year(average)

Top Specializations

General Management, Finance, Human Resources, Accounting, etc.

Admission Process

IELTS Score + Statement of Purpose (SOP) + Letter of Recommendation (LORs) + Resume

Top 10 MBA Universities Abroad by QS Rankings

We have found below the list of top 10 Universities in Abroad to study the MBA program. The below ranking of the universities is declared by the QS World University Ranking.

Universities

QS Ranking (MBA) 2022

Stanford Graduate School of Business

1

Harvard Business School

2

Penn (Wharton)

2

HEC Paris

4

MIT (Sloan)

5

London Business School

6

IE Business School

7

INSEAD

7

Columbia Business School

9

IESE Business School

10

(Source: QS)

Top MBA Universities Abroad by THE Ranking

Students can check below the list of some of the top-ranked universities abroad to study MBA program. The ranking of the listed universities is declared by the Times Higher Education ranking.

Universities

THE Ranking (Business) 2022

Massachusetts Institute of Technology

1

Stanford University

2

University of Cambridge

3

University of Oxford

4

Harvard University

5

University of California, Berkeley

6

The University of Chicago

7

Yale University

8

London School of Economics and Political Science

9

Duke University

10

(Source: THE Ranking)

MBA Specializations Abroad

Master in Business Administration is one of the popular postgraduate programs among students all over the world. Students can apply for this program at abroad universities after completing a graduate degree. The MBA program is available in

General Management  

Business (others)

Finance

International Business

Marketing

Entrepreneurship

Human Resources

Supply Chain

Accounting

Healthcare Management

Business Analytics

Hospitality

Project Management

Sports Management

Tourism

Economics

Media Management

Healthcare

MBA Fees Abroad

Students can select any of the abroad countries to pursue the MBA program. The budget of the program depends on the specialization and the location that you select for your studies. We have mentioned below the average tuition fee and the average living cost for international students.

  • The average 1st-year tuition fee of abroad universities is INR 22.86 lakh.
  • The average abroad living expense is around INR 6.13/- yearly.

 Also read

Living costs in the UK

Living costs in the USA

Living costs in Canada

Living costs in Australia

Student’s Visa Cost for Abroad

Are you looking to study MBA Abroad? Then you must have Students Visa to study abroad as it is the basic requirement for admission to abroad universities. Every country has its law that students have to follow to study the program.

MBA in Abroad: Eligibility Criteria

Admission to the MBA program is based on the eligibility criteria and the qualification of the entrance exam accepted by abroad universities. We have mentioned below the basic criteria accepted all over the world.

  • Candidates are required to complete their higher academic qualifications first.
  • He/she must hold a Bachelor’s degree in any discipline.
  • Take the GMAT Exam to secure a seat at the top Universities Abroad.
  • Qualify for any of the popular English proficiency exams i.e. IELTS, TOEFL, PTE, and DUOLINGO.
  • Statement of Purpose (SOP) and Letter of Recommendation (LORs).
  • Resume (if required).

Work permit after MBA Abroad

Countries give permission to students to work in the country after completing the degree. Students need to follow some criteria to get Post Study Work Permit in abroad. This will allow them to stay and work in the country. So many countries give work permits after study to students.

MBA Scholarship Abroad

There are over 950 scholarships in abroad for master’s program that students get based on the criteria. Abroad universities offer lots of awards and scholarships that help students in completing their degree on a low budget.

Also read

Narotam Sekhsaria’s Scholarships

Hani Zeini Scholarship

Global Study Awards

Rhodes Scholarship- MBA

MBA Jobs & Salaries Abroad

After completing the MBA degree from abroad universities, students get better job opportunities with impressive salary packages. The salary packages depend on the job profile that students get and of course, the job location is another major factor for high salary packages.

Job Profiles

Average Salary (in USD) yearly

Chief Financial Officer (CFO)

153,683

Senior Financial Analyst

85,986

Human Resources (HR) Manager

73,732

Financial Controller

93,811

Director of Operations

111,518

(Source: Payscale)

(Source: QS)

List of Top Publicly Funded MBA Universities Abroad

Every year, thousands of foreign students apply for admission at publicly funded universities to pursue the MBA program. Check the below list and apply here to complete the master’s degree in business.

Universities

1st Year Tuition Fees (in INR)

University of Toronto

49.4

Technical University of Munich

17.3

University of East London

22.7

Arizona State University

62.5

The University of Melbourne

62.1

University of Greenwich

24.0

(Source: studyabroad.shiksha.com)

Top MBA Recruiters Abroad

GPA Hong Kong Limited

Shenzhen LIAo Technology Co.,Ltd

Antaisolar

Gartner Inc.

Raffles Design Institute

Skytap

(Source: Jooble.org)

MBA in Abroad FAQs

Q. Which are the top Business Universities in Abroad for MBA?

A. Stanford University, The University of Chicago, London School of Economics and Political Science, Stanford Graduate School of Business, London Business School, etc. are some top business universities to study MBA Abroad.

Q. Which abroad country is the best for MBA?

A. USA, France, Singapore, Canada, and the UK are the top preferred countries among students to study MBA Abroad.

Q. What is the cost of an MBA abroad?

A.  The average cost of an MBA abroad for students is around INR 22.86 (1st-year tuition fees).

Q. Which are the highest paying specializations of MBA abroad?

A. Finance, Marketing, IT, Information security, HR, Real estate, etc. are some of the highest-paid specializations of MBA abroad.

Q.  Which is the cheapest country to study MBA abroad?

A. Norway, Germany, France, Mexico, India, Poland, etc. are some of the cheapest countries to study MBA Abroad.

Q. Which exams are valid to study MBA Abroad?

A. GMAT, GRE, PTE, TOEFL, IELTS, etc. are some of the major exams accepted by abroad universities for MBA admission. Students are required to take any of the English proficiency exam score during the process.

Q. Can I study MBA abroad for less than INR 10 lakh?

A. University of Hamburg, Leipzig University, University of Padova, Riga Technical University, Kathmandu University, Kathmandu University, European International University, etc. are the universities where students can complete their MBA degree in less than INR 10 lakh.

Q. What average salary do MBA graduates get in abroad?

A. The average salary that an MBA graduate get is around USD 92k yearly.

Q. How do I get admission to the MBA Abroad program?

A. To get admission to the MBA abroad program students are required to meet the admission criteria. They need to complete the bachelor’s degree and submit the score of one of the popular English proficiency exams.

Q. Can I get some relief in my salary to study MBA abroad?

A. Students get awards and scholarships at abroad universities based on their criteria. There are many scholarships program available for master’s program that is offered by abroad universities. 

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