Planning to improve your managerial and leadership skills? Want to get global exposure and practical experience in business administration? How to find the best country for MBA? How to do MBA from abroad?
Unsure about which country to target for your MBA aspirations?
Continue reading to find your answers. This post will take you through the best country for MBA and everything you need to know to succeed.
MBA graduates are offered top positions in global companies across various industries and in some of the world’s top businesses such as Google, Amazon, Microsoft, Apple, KPMG, etc.
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Why Study MBA from Abroad?
If you are planning to study MBA from one of the best countries, you should definitely justify your choice. So, let’s take a look at the top benefits of studying MBA in foreign countries:
Benefits to Study MBA in Abroad
Studying for an MBA in another country has lots of good things, even if you haven’t worked before. Here’s why doing an MBA abroad is a smart choice:
- Fantastic Education: Many top global universities have really good MBA programs with great teaching, modern lessons, and experienced teachers.
- Making Global Contacts: When you study abroad, you meet professionals from around the world. This helps you make an international network, which could lead to exciting job chances.
- Seeing the World Differently: Learning in another country exposes you to different cultures and business methods. This makes you more adaptable in the global business world.
- Personal Growth: Living in a new place and facing different challenges can help you grow as a person. You become more independent and open-minded.
- Career Boost: Having an MBA from a famous international school can really help your career, even if you haven’t worked before.
- Job Chances: Big companies often hire MBA grads from other countries because they value international experience and education.
In short, doing an MBA abroad without work experience can change your life, giving you many academic and job opportunities.
MBA Abroad Eligibility Criteria – Required Exams
While there are no specific eligibility criteria for admission to an advanced MBA college, however, most colleges have their own specific requirements for admission to an MBA. You should have completed your graduation from a recognized university to get into a good MBA college.
Along with it, you need to qualify following exams to get admission to the best country to pursue MBA:
List of Best Countries to Study MBA
In this section, we will be talking about the list of the top countries to study MBA abroad. We will also be providing some of the important details regarding these countries later this section. Let’s begin with the list of the country’s first.
- United States of America
- United Kingdom
- Canada
- Australia
- Germany
- Singapore
- France
- Spain
- Netherlands
- India
These best countries for MBA offer various advantages and unique experiences for MBA students, so it’s essential to consider your personal and career goals when choosing the right destination.
Top 6 Best Countries for MBA
Choosing the best country to study MBA requires you to look at finances, living expenses, jobs, etc. Following are some of the top countries for an MBA:
United States of America
The USA is considered one of the best country for MBA. An MBA from the USA can be rewarding, both in terms of study experience and postgraduate careers.
- Cost of Living: $10000 to $18000 per year
- Scholarships available for Indian students: Foreign Fulbright Student Program, Humphrey Fellowship Program, Emerging Economy Fellowships, Social Impact Fellowships, McKinsey Award, The Robert S. Kaplan Life Sciences Fellowship.
- Top recruiters: Apple, Exxon Mobil, Microsoft, Johnson & Johnson, Google, etc.
- Top Universities: Stanford Graduate School of Business, Tuck School of Business- Dartmouth College, Harvard Business School, Columbia Business School, Kellogg School of Management – Northwestern University.
- Stay Back Period: For 2 months after their course completion.
United Kingdom
The United Kingdom has always been a popular study-abroad destination among Indian students. London is one of the leading finance & banking institutions, and some UK cities offer excellent opportunities in the service industry.
- Cost of Living: 7,200 to 9,000 Pound
- Scholarship available: Oxford and Cambridge Society of India Scholarship, Charles Wallace India Trust Scholarships, Commonwealth Scholarship, Inlaks Scholarships, Go Clean Scholarship, Chevening Scholarship, Hornby Scholarship, Financial Sumo Educational Scholarship Program, GREAT Scholarship, GATE Scholarship.
- Top recruiters: McKinsey & Company, Bain & Company, Amazon, Boston Consulting Group, Google, Microsoft, Johnson & Johnson, etc.
- Top Universities: University of Oxford, London Business School, University of Cambridge, Lancaster University, University of Warwick.
- Stay Back Period: For max. 2 years after course completion.
Canada
In third place, another North American country is Canada. Canada is also one of the best countries for an MBA due to its low cost due to the quality of its business schools and the employment opportunities available after graduation.
- Cost of Living: CAD 5,000 to CAD 10,000 per year
- Scholarships: Haskayne School of Business MBA in Canada Scholarships, Ivey MBA Scholarships in Canada, Alberta MBA Scholarships, Sauder School of Business Scholarship, Rotman School of Management Scholarships, Schulich School of Business Scholarships.
- Recruiters: Apple, Bain & Company, Facebook, BCG, Citigroup, Deloitte, etc.
- Top Universities: York University’s Schulich School of Business, University of Toronto: Rotman School, Queen’s School of Business, Queen’s University, Sauder Business School, University of British Columbia, Desautels School, McGill University.
- Stay Back Period: Max. 3 years after completing a course in this one of the best countries for an MBA.
Australia
In third place, another North American country is Canada. Canada is also one of the best countries for an MBA due to its low cost and the quality of its business schools and the employment opportunities available after graduation.
- Cost of Living: CAD 5,000 to CAD 10,000 per year
- Scholarships: Haskayne School of Business MBA in Canada Scholarships, Ivey MBA Scholarships in Canada, Alberta MBA Scholarships, Sauder School of Business Scholarship, Rotman School of Management Scholarships, Schulich School of Business Scholarships.
- Recruiters: Apple, Bain & Company, Facebook, BCG, Citigroup, Deloitte, etc.
- Top Universities: York University’s Schulich School of Business, University of Toronto: Rotman School, Queen’s School of Business, Queen’s University, Sauder Business School, University of British Columbia, Desautels School, McGill University.
- Stay Back Period: Max. 3 years after completing a course in this one of the best countries for an MBA.
Germany
In Germany, public universities are funded by the government of Germany and therefore do not charge tuition fees for students or simply charge a fee as administrative fees. Also, Germany is home to some of the best MBA colleges in the world which is why it is considered the best country for an MBA for Indian students.
- Cost of Living: 10,000 to 15,000 EUR per year
- Scholarships: ESMT’s MBA Scholarship program; IUBH University of Applied Sciences; HHL Asia-Pacific Scholarship (full-time MBA); Central Sector Scheme of National Overseas Scholarship; Global Study Awards; The Financial Sumo Educational Scholarship Program; DAAD Scholarships
- Recruiters: Accenture; Bosch; Allianz; Munich Re; SAP; Siemens; Daimler; Volvo; BMW; Porsche, etc.
- Top Universities: Manheim Business School; Frankfurt School of Finance and Management; ESMT Berlin; WHU – Otto Beisheim School of Management; HHL Leipzig Graduate School of Management.
- Stay Back Period: For 18 months (1.5 years) after completing MBA.
Singapore
In the Asia-Pacific region, Singapore is a well-established international destination for foreign education. It is also known as one of the most economically viable options for those who want to study abroad. It is also known as a popular foreign country to study MBA.
- Cost of Living: 8,000 to 10,000 SGD per year
- Scholarships: Lee Kong Chian Graduate Scholarships at the National University of Singapore (NUS), Singapore International Graduate Award, GIIS Singapore Global Citizen Scholarship, INSEAD-Syngenta MBA Scholarships for Developing Country Leaders, SIA Youth Scholarship, Amity Global Institute Merit Scholarship, Singapore Millennium Foundation Scholarship.
- Recruiters: McKinsey & Company; Citibank; Facebook; Google; Temasek; Alibaba, etc.
- Top Universities: National University of Singapore; SP Jain School of Global Management; Nanyang Technological University; James Cook University (Singapore).
- Stay Back Period: For 1 to 3 months after completing the MBA course.
These were some of the best countries to do MBA abroad.
List of Best MBA Colleges Abroad
Here is the list of best MBA colleges:
- Columbia Business School
- Harvard Business School
- HEC Paris
- IE Business School
- IESE Business School
- INSEAD
- London Business School
- MIT (Sloan)
- Penn (Wharton)
- Stanford Graduate School of Business
Conclusion
Leaving your hometown to study abroad is always a difficult choice, but you have to overcome it to achieve your dream of pursuing an MBA from the best country.
Does that put some of your doubts to rest? If you still have some, why not ask professional experts? iDreamCareer is on a mission to reach every state and every child in order to ensure that talent is appropriately delivered into the industry. Talk to our industry experts and know yourself in and out! We try to help young confused minds from 9th class, 10th class, class 11, class 12 with an aim to select their most-suited career choices.
Useful Links:
- MBA in Canada: An Ultimate Guide
- Study in Malta
- MBA in Germany
- MBA in Australia
- MBA in Singapore
- Harvard Business School- The MBA Review
- Looking For an MBA (Finance) Career Strategy?
- Online MBA: Programs, Top colleges, Course Specializations and Best Strategy
- Crack MBA Entrance Exams – 21 Things
- Choosing the Right MBA Specialization
- M.Tech vs MBA: An Engineer’s Greatest Dilemma
FAQs
The United States of America tops the list of the 5 best countries to study an MBA abroad. The USA has several top-ranked universities in the world that offer the best Master of Business Administration programs to international students.
Some of the central government scholarships for MBA students are: Merit cum Means Scholarship for Professional and Technical Courses, ONGC Foundation Scholarship Scheme for OBCs, OPJEMS (O. P. Jindal Engineering & Management Scholarships), Post Graduate Merit Scholarship for University Rank Holder, and Post Graduate Scholarship for Professional Courses for SC/ST, etc.
This is a completely different assumption and the answer is simple – if you can afford it, a mid-tier university abroad is better than an MBA from a private institute in India. Simply put, the return on investment is better. Some foreign universities offer MBA programs at a much lower price than expected.
Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.
