Which is the most prominent degree pursued by international students? A Masters in Business Administration, yes!
Unquestionably, the best way to lay the groundwork for a bright future is to pursue an MBA overseas, which offers top-notch academic programs, fantastic professional opportunities, and handsome compensation packages. Considering the ongoing growth and development of various businesses, post-graduation MBA candidates have a wide array of options to select from. In addition, the top MBA schools overseas provide their students with exposure to the global workforce through a range of training and internship opportunities.
If you are curious about the countries, universities, eligibility criteria, costs, and scholarships related to an MBA abroad, you are on the right page. Begin reading this blog to get informed about everything about pursuing an MBA overseas!
If you need additional advice and support regarding studying abroad, explore Yocket Premium services. With end-to-end assistance and an easy-to-use interface, Yocket will assist you right from the application process to your dream university to getting a visa, and everything in between.
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10 Best MBA Colleges Abroad
Numerous international students have the goal of pursuing an MBA abroad, but the challenge lies in deciding which nation and university to go to. According to the QS Global MBA Rankings, tabulated below are some of the top universities offering MBA programs, along with information on their locations and annual tuition.
|
QS Global MBA Ranking |
University Name |
Location |
Annual Average Cost (INR) |
|---|---|---|---|
|
1 |
USA |
1,13,64,276 |
|
|
2 |
USA |
1,23,79,221 |
|
|
3 |
USA |
1,11,71,692 |
|
|
4 |
UK |
82,90,540 |
|
|
5 |
France |
49,19,000 |
|
|
6 |
USA |
1,17,38,760 |
|
|
7 |
USA |
70,65,950 |
|
|
8 |
Spain |
18,95,890 |
|
|
9 |
USA |
67,36,260 |
|
|
10 |
Singapore |
76,05,000 |
Now let's dive deeper into the 10 best MBA colleges in abroad for Indian students:
1. Stanford University, Stanford Graduate School of Business
Stanford Graduate School of Business at the Stanford University tops the list of best MBA colleges abroad. The MBA curriculum here empowers students with the knowledge and skills to lead organisations and businesses. It is a two-year full-time program that is delivered on-campus. GSB offers you access to world-class faculty, guest speakers, and industry leaders. You will have a closer view to various global issues in business and management.
|
Type |
Private |
|
Location |
Stanford, USA |
|
Top MBA Programs |
MBA |
|
Average Annual Tuition Fees |
USD 76,950 or INR 65,00,000 |
2. Harvard University, Harvard Business School
Harvard Business School at Harvard University offers a rich, experience-based MBA curriculum that equips students with general management and leadership skills. An MBA here is a full-time two-year program. Becoming a student at the prestigious HBS is all about joining a global community that fosters valuable learning and career support alongside peers, faculty, and staff guiding your path.
|
Type |
Private |
|
Location |
Boston, USA |
|
Top MBA Programs |
MBA |
|
Average Annual Tuition Fees |
USD 73,440 or INR 60,00,000 |
: Educational Loan for MBA Abroad
3. University of Pennsylvania, Wharton Business School
Another top MBA college abroad, Wharton Business School at UPenn offers an intensive and flexible MBA program covering 19 majors and nearly 200 electives. You may customise your MBA not only by selecting the major and electives of your choice but also the core subjects. The professors at Wharton are highly qualified, and actively engaged in consulting practices with businesses, not-for-profits, and governments around the world.
|
Type |
Private |
|
Location |
Philadelphia United States |
|
Top MBA Programs |
MBA Executive MBA |
|
Average Annual Tuition Fees |
USD 83,830 or INR 65,00,000 |
4. HEC Paris
HEC Paris is among the best MBA colleges in the world for Indian students, with a history of 130 years of excellence. Till date, it has been continuously attracting students who are highly talented, ambitious, innovative and open-minded. The HEC campus is located just outside Paris and has a remarkable reputation for MBAs. An MBA from HEC is custom-designed for young managers with 6 years of work experience.
|
Type |
Private |
|
Location |
Paris |
|
Programs Offered |
MBA TRIUM Global Executive MBA |
|
Average Fees Per Year |
USD 82,720 - USD 84,970 or INR 65,00,000 |
5. Massachusetts Institute of Technology, MIT (Sloan)
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology. It is one of the best business schools abroad, devoted to its mission of producing innovative leaders and improving the overall business, technology, management, and healthcare fields. The excellent faculty members at MIT (Sloan) provide all the guidance and assistance you need to take your career to the next level.
|
Type |
Private |
|
Location |
Cambridge, USA |
|
Top MBA Programs |
MBA Executive MBA |
|
Average Annual Tuition Fees |
USD 76,000 - USD 134,490 or INR 65,00,000 |
6. London Business School
Located in the vibrant city of London, London Business School is considered to be one of the top colleges for MBAs abroad. The school offers prestigious MBA and EMBA programs in the domains of finance, management science and operations, marketing, organisational behaviour, strategy, and entrepreneurship. The London Business School has a worldwide reputation for producing the best MBA graduates.
|
Type |
Public |
|
Location |
London, UK |
|
MBA Programs Offered |
Full-Time MBA Executive MBA |
|
Average Fees Per Year |
USD 101,020 - USD 112,640 or INR 80,00,000 |
: Jobs and Salary after MBA Abroad
7. IE Business School
Located at an urban campus in Madrid, IE Business School is among the best colleges to do an MBA abroad. It comprises a faculty of more than 500 top-notch professors and students from around 128 countries. Apart from offering highly regarded MBAs, the IE Business School also offers graduate degrees in Management, Finance. The multicultural environment is another attractive factor at this European business school.
|
Type |
Private |
|
Location |
Madrid, Spain |
|
MBA Programs Offered |
International MBA Global Online MBA Tech MBA Executive MBA Global Executive MBA IE Brown Executive MBA |
|
Average Annual Tuition Fees |
USD 65,360 - USD 78,430 or INR 65,00,000 |
8. INSEAD
An MBA at INSEAD is a multicultural experience offering life-changing perspectives to over 80 different nationalities through three campuses located in Asia, Europe, and the Middle East. As one of the top MBA colleges in foreign countries, INSEAD works on the ideals of intellectual freedom and rigorous teaching and research. It firmly believes in the dominant role of business as a driving force for improving people's way of life.
|
Type |
Private |
|
Location |
Fontainebleau |
|
Top MBA Programs |
MBA Global Executive MBA Tsinghua Executive MBA |
|
Average Annual Tuition Fees |
USD 99,370 - USD 120,160 or INR 80,00,000 |
9. ESSEC Business School
ESSEC Business School offers two types of MBA, namely, Global MBA and Executive MBA as full-time and part-time courses respectively. Being one of the best colleges abroad for MBA for international students, ESSEC Business School specialises in offering practical and soft skills through different training methods, industry certifications or development workshops to launch your career in a grand way.
|
Type |
Private |
|
Location |
Paris |
|
Top MBA Programs |
Global MBA Executive MBA |
|
Average Annual Fees |
USD 51,740 - USD 53,920 or INR 40,00,000 |
10. Columbia University, Columbia Business School
An MBA from Columbia Business School at Columbia University grooms students to become a part of the rapidly evolving business world. The advanced curriculum taught by 150 knowledgeable faculty members offers deep insights into specific industries and business genres. This best MBA college abroad has been empowering generations to lead and create opportunities in different sectors for the betterment of society.
|
Type |
Private |
|
Location |
New York, USA |
|
Top MBA Programs |
MBA Executive MBA Global Executive MBA |
|
Average Annual Tuition Fees |
USD 77,380 - USD 114,240 or INR 80,00,000 |
Best MBA Colleges Abroad by Specialisations
When studying for an MBA abroad, multinational B-schools offer a wide range of specialties, ranging from the most popular ones in marketing, finance, human resources, supply chain management, and hospitality to unusual ones like sports and entertainment.
Any Specialisation's eligibility, admissions procedure, and duration are similar to those for a regular MBA Abroad. As a result, we have listed the most popular MBA Specialisations alongside the top universities that offer the program overseas, in the table below.
|
MBA Specialisations |
Colleges |
Average Annual Fees (INR) |
|---|---|---|
|
MBA Marketing |
12,64,650 |
|
|
18,86,290 |
||
|
12,96,900 |
||
|
13,91,590 |
||
|
MBA Finance |
15,54,510 |
|
|
29,32,110 |
||
|
20,78,260 |
||
|
MBA Human Resource |
29,66,340 |
|
|
12,42,690 |
||
|
19,16,710 |
||
|
12,96,900 |
||
|
MBA Supply Chain Management |
11,18,080 |
|
|
14,76,320 |
||
|
MBA Project Management |
11,96,580 |
|
|
17,79,800 |
||
|
12,42,690 |
Highest Paying MBA Specialisation
How to Select the Best MBA Colleges Abroad?
Choosing the college or university that offers the best MBA in London can be a confusing task. So, let us first simplify the process of selecting the best business school for an MBA abroad or in any other country by looking at some tips below:
- QS Ranking: The QS World University Rankings speak volumes about universities, their programs, culture, achievements, etc. These rankings offer a fair idea of the overall quality of education and future prospects that you may expect from a specific university or college.
- Tuition Fees: After checking the rankings and the course-related details, do also check the studying costs that the particular university charge. After all, cost is a big factor for all study abroad aspirants, and keeping a track of it beforehand will help you manage your finances better.
- Location: Who doesn’t want to live in the place of their choice while studying at a foreign university? The location of your university plays a vital role in determining the overall experience of studying abroad. Hence, don’t forget to research the place and surrounding areas of your university to avoid any confusion later.
: Cheapest Countries to Study MBA Abroad
Eligibility and Admission Requirements at Top MBA Colleges Abroad
While particular programs and universities can affect the eligibility requirements and supporting documentation needed for MBA programs overseas, there are some general guidelines. Below is a summary of the common ones:
- Academic Background: Nearly all MBA programs require a bachelor's degree from an accredited university. While many programs welcome students from any field, some may prefer applicants with a background in business.
- Work Experience: Candidates for many international MBA programs must have had some job experience, usually between 2-5 years. Through this experience, students can showcase their learned skills, and prove that they can apply what they learn in the classroom practically.
- Standardized Test Scores: The GMAT or GRE, a standardized test that evaluates a student's quantitative, verbal, and analytical writing skills, is required for admission to the majority of MBA programs overseas. For seasoned professionals, certain colleges could also accept the Executive Assessment (EA). Depending on the program, different scores are needed, although try scoring highly to ease your admission.
- English Language Proficiency: As an international student, you need to take an English language competency exam, such as the TOEFL or IELTS. To prove that you have the language proficiency needed to succeed in an MBA school, you must take this test.
Apart from meeting the prerequisites, you must keep the following documents handy before beginning your application process:
- Academic Transcripts
- Standardized Test Scores
- English Proficiency Test Scores
- Resume or CV
- Statement of Purpose
- Letters of Recommendation
- Any Other University Specific Documents
How to Apply for the Top MBA Colleges Abroad?
Now that you know about the top MBA universities abroad, you should also be aware of the application process. Let us now go through a step by step guide to applying for best colleges to do MBA abroad:
- Finalise the course you want to pursue and check for the best abroad colleges for MBA offering that course.
- Visit the official university website and collect all data relating to eligibility and the admission process.
- Upload scanned copies of all the required documents (transcripts, CV, IELTS/TOEFL, GMAT scorecards)
- Fill the desired application form and pay the fee.
- Go through an interview with the respective university directors. This is a great opportunity to display your soft skills and presence of mind.
- Once you receive the conditional offer letter after clearing your interview, you may book your seat at the particular university.
- Pay your deposit by agreeing to the terms and conditions of the university. The deposit here is non-refundable.
Average Salary & Jobs of Graduates from Best MBA Colleges Abroad
After getting an MBA degree from an abroad university, you can work with top-notch companies like Apple, JP Morgan, Deloitte, Bain & Company, Amazon, McKinsey, etc. Peruse the table below to get an idea about the jobs you can apply for and the salaries you can earn.
|
Job Roles |
Average Annual Salary (INR) |
|---|---|
|
Business Development Manager |
76 Lakhs to 13.68 Crores |
|
Assistant B.D. Manager |
38 Lakhs to 68.45 Lakhs |
|
General Manager |
54 Lakhs to 13.70 Crores |
|
Project Manager |
45 Lakhs to 11 Crores |
|
Strategy Manager |
8 Lakhs to 16 Crores |
|
Marketing Manager |
4.50 Lakhs to 10.50 Crores |
|
Consulting Manager |
48 Lakhs to 12 Crores |
|
Operations Manager |
41 Lakhs to 11 Crores |
: Best Countries for MBA Abroad
From the Desk of Yocket
Among the most popular courses pursued by overseas students worldwide is the MBA. These students constantly search for nations or colleges that can provide them with excellent MBA education. Over the years, the US, UK, and Australia have been a prominent choice among students. Now, even though you are informed about the MBA abroad, its eligibility criteria, and the costs involved, juggling everything alone might get overwhelming.
Therefore, talking with one of our knowledgeable Yocket experts can assist in streamlining this procedure. From a thorough profile evaluation and shortlisting universities to applying for scholarships and student visas, we got you.
