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With excellent educational programs, great career opportunities, and handsome salary packages, an MBA abroad is undoubtedly the best choice to set the foundation for a promising future with excellent educational programs, great career opportunities, and handsome salary packages. Keeping in mind the continuous expansion and evolution of different industries, MBA graduates can choose from a broad range of opportunities after completing their courses. Besides, the best MBA colleges abroad also offer international exposure through various training and internship programs to their students.

In this blog, we have discussed the top 10 MBA colleges abroad along with their rankings, types, programs, fee structure and much more.

Table of Contents

Top MBA Colleges Abroad
Exams for MBA Colleges Abroad
Admission Process for Best MBA Colleges Abroad
How to Select the Best MBA Colleges Abroad?
Frequently Asked Questions About Best MBA Colleges Abroad

Top MBA Colleges Abroad

An MBA is the most sought-after course by study abroad aspirants. Due to the high demand for the top MBA universities abroad, you must consider the MBA rankings out of other specifications to choose the best college and program. Listed below are the top business schools abroad along with their QS Global MBA Rankings 2022 and application deadlines:

Business Schools	QS Global MBA Ranking 2022	Admission Deadline 2022
Stanford Graduate School of Business	1	5 January 2022 12 April 2022
Harvard Business School	2	4 January 2022 28 April 2022
Penn (Wharton)	2	5 January 2022 30 March 2022
HEC Paris	4	1 February 2022 1 March 2022 1 April 2022 1 May 2022 1 June 2022
MIT (Sloan)	5	19 January 2022 12 April 2022
London Business School	6	6 January 2022 25 March 2022
IE Business School	7	23 March 2022 4 May 2022 6 June 2022 6 July 2022
INSEAD	7	6 January 2022 22 February 2022
Columbia Business School	9	5 January 2022 8 April 2022
IESE Business School	10	7 January 2022 21 March 2022 9 May 2022

Now let's dive deeper into the 10 best MBA colleges in foreign for international students:

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	76,950 USD or 65,00,000 INR

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	73,440 USD or 60,00,000 INR

Suggested: Educational Loan for MBA Abroad

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	83,830 USD or 65,00,000 INR

HEC Paris

HEC Paris is amongst the best MBA colleges in foreign 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. HEC campus is located just outside Paris and has a remarkable reputation for MBA. An MBA from HEC is custom-designed for young managers with 6 years of work experience.

Type	Private
Location	Paris
Programs Offered	MBA Executive MBA TRIUM Global Executive MBA
Average Fees Per Year	82,725 USD - 84,967 USD or 65,00,000 INR

Massachusetts Institute of Technology, MIT (Sloan)

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 guidance and assistance to take your career to the next level.

Type	Private
Location	Cambridge, USA
Top MBA Programs	MBA Executive MBA
Average Annual Tuition Fees	76,000 USD - 134,482 USD or 65,00,000 INR

London Business School

Located in the vibrant city of London, London Business school is considered to be one of the top colleges for MBA 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 of producing the best MBA graduates.

Type	Public
Location	London, UK
MBA Programs Offered	Full-Time MBA Executive MBA
Average Fees Per Year	101,018 USD - 112,636 USD or 80,00,000 INR

Suggested: Jobs and Salary after MBA Abroad

IE Business School

Located at an urban campus in Madrid, IE Business School is amongst other best colleges to do 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 65,359 - USD 78,431 or 65,00,000 INR

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 99,373 - USD 120,165 or 80,00,000 INR

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 51,742 - USD 53,920 or 40,00,000 INR

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 77,376 - USD 114,240 or 80,00,000 INR

IESE Business School

Last but not the least we have IESE Business School in our list of 10 best MBA colleges abroad. As a graduate business school under the University of Navarra, IESE is committed to producing business leaders who can make a positive and long-lasting impact on the society and organisations they serve. Apart from MBA it also offers masters in management and other executive education programs.

Type	Private
Location	Barcelona, Spain
Top MBA Programs	MBA Executive MBA Global Executive MBA
Average Annual Tuition Fees	USD 29,000 - USD 36,000 or 28,00,000 INR

Suggested: Best Countries for MBA Abroad

Exams for MBA Colleges Abroad

There are several exams that one must take in order to start his/her process to study an MBA abroad. Broadly these exams can be categorised into:

English proficiency tests: These include exams such as IELTS, TOEFL, PTE, Cambridge English, etc. The scores for English proficiency test scores vary from university to university.
Aptitude tests: These include GRE, and GMAT Both of these exams assess potential study abroad aspirants on the basis of their aptitude. Sections under the GMAT exam include: Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning and Verbal Reasoning. On the other hand, sections under the GRE exam include: Analytical Writing, Verbal Reasoning, Quantitative Reasoning, Unidentified Unscored Section and Identified Research Section.

Admission Process for Best 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.

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 MBA abroad or 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.

An MBA from the top colleges for MBA abroad is an opportunity to explore the finest areas of business and management. With top-notch facilities and a plethora of programs and specialisations, MBA abroad can be a life-changing step to progressing your career. So analyse the information mentioned above and make the best choice. Get in touch with our counsellors at Yocket for more guidance and assistance!

Frequently Asked Questions about Best MBA Colleges Abroad

Ques. What is the scope of MBA abroad?

Ans. Pursuing MBA from the top business schools abroad improves your career prospects to a great extent. Graduates from the top MBA colleges abroad find job opportunities in some of the top companies in the world.

Ques. What are the documents required to study at the top MBA colleges in foreign countries?

Ans. The most important documents necessary for best colleges in MBA for foreign include:

An undergraduate degree
GMAT or GRE scorecard
English language proficiency certificate (IELTS, TOEFL, PTE, etc.)
Work experience (if applicable)
Valid passport and student visa

Ques. Is work experience mandatory to study at the best colleges abroad for MBA?

Ans. All good MBA colleges abroad require work experience of a minimum 2 to 5 years. However, it is not necessary for all MBA colleges and programs.

Ques. What are the best colleges to study MBA abroad?

Ans. Apart from the ones mentioned above, the other best colleges for MBA in foreign include:

Ques. What is the average tuition cost for an MBA abroad at top colleges?

Ans. The average cost for an MBA abroad ranges from 60,000 USD to 100,000 USD per annum.

10 Best MBA Colleges Abroad: Top Programs, Costs, Admission Process and Application Deadline 2023