Which country is the cheapest for an MBA?

Germany is considered the cheapest country to have top colleges for MBA. Approx EUR 111 or INR 8,830 is the semester fee for the MBA course.

Which countries are best for Indian students to study MBA abroad?

Countries like Germany, Italy, and France are best for Indian students to study abroad for MBA at a low cost.

How much does it cost to study MBA in overseas countries?

Approximately INR 20 Lacs is needed to study MBA in overseas countries. The fees may differ from country to country

How much does an MBA cost in the UK?

On average EUR 10,000 or INR 8,39,450 per year is needed to study MBA in the UK

Is Canada a cheap country to study MBA?

Yes, compared to other countries Canada offers MBA abroad with low fees.

Why should I consider studying for an MBA abroad?

Studying for an MBA abroad offers a diverse learning environment, exposure to global business practices, and an extensive professional network. It can enhance your career prospects and provide a broader perspective on business management.

What are the key requirements for admission to MBA programs abroad?

Requirements vary by university, but common prerequisites include a bachelor's degree, standardized test scores (GMAT or GRE), work experience, letters of recommendation, a strong resume, and a compelling statement of purpose. Language proficiency tests like TOEFL or IELTS may also be necessary for non-native English speakers.

How can I secure financial assistance for my MBA abroad?

Financial aid options for international students include scholarships, grants, assistantships, and loans. One can also research scholarship opportunities both within the university and through external organizations.

Which countries are popular for MBA studies, and what are the differences between them?

Common destinations for MBA studies include the United States, the United Kingdom, Canada, Australia, and various European countries. Each country offers distinct program structures, durations, costs, and potential for employment post-graduation.

MBA Abroad: 10 Affordable MBA Colleges for International Students

An MBA, or Master of Business Administration, is a graduate-level degree program that focuses on various aspects of business management, leadership, and administration. It provides a comprehensive education in business-related subjects, including finance, marketing, operations, strategy, and more, to prepare individuals for leadership roles in the business world. This degree usually leads to high salary packages and signing bonuses, which increase its appeal among international students.

However, according to a Forbes publication, an MBA is one of the most expensive degrees globally, with the average cost being $61,800 (INR 5,005,800). Now, the question arises - Is it worth it? Absolutely, but can everybody afford it? No. The additional costs of living abroad, make the total cost of studying for an MBA very high, which a huge population may not be able to afford.

So, what do you do? There’s a solution, and Yocket is here to help you explore that. Many student dreams of pursuing an affordable MBA abroad, and there are various countries with excellent business schools on a budget. A 2022 survey conducted by the Graduate Management Admission Council (GMAC) stated that 86% of Indian students want to study abroad, the top choices for an MBA degree abroad program being the US, Australia, Canada, and New Zealand.

The growing popularity of MBAs results in a surge in annual applications, making admission to business schools highly competitive. This is where Yocket Premium truly shines. With dedicated counselors who prioritize your needs, we go the extra mile. Whether it's matching your profile with the right university, securing scholarships, refining your SOPs and LORs, or assisting with visa matters, our experts are here to assist you.

Elevate your MBA journey with Yocket’s Premium Services for expert insights into top universities.

Read this blog till the end to learn more about 10 Cheap Business Schools across the world.

Cost of Studying MBA Abroad

An MBA is a coveted degree for students aspiring to become corporate leaders. Its appeal lies in its high return on investment and relevance in today's globalized world. With affordable options available in terms of low-cost MBA programs abroad and a wide range of specializations to choose from, students have the opportunity to pursue their ambitions at cost-effective MBA colleges overseas.

The following table presents the cost of studying MBA abroad

Country	Average Tuition Fees per Annum	Average Tuition Fees per Annum (in INR)
Australia	AUD 39,000	₹22,18,170
Canada	CAD 30,000	₹18,19,570
New Zealand	NZD 31,000	₹16,31,890
UK	GBP 31,000 to GBP 87,000	₹3,131,000 to ₹8,787,000
US	USD 60,000 to USD 80,000	₹4,980,000 to ₹6,640,000

Worried about landing in a university that doesn’t quite suit your goals? We understand your concern, and that is why we have developed Yocket College Finder, an AI-powered tool to ensure you discover an ideal college, that suits YOU.

List of 10 Cheap MBA Colleges Abroad

Let's dive right into uncovering the list of affordable and top-notch MBA colleges abroad.

Memorial University of Newfoundland, Canada

University of Victoria, Canada

EU Business School, Barcelona

University College of Birmingham, UK

Technical University of Munich, Germany

University of Tuebingen, Germany

Kaplan Business School, Sydney

International Institute of Business and Information Technology, Syndey

Deusto Business School, Spain

EAE Business School, Spain

Suggested: 1 year MBA in Australia

Moving forward, let's take a quick look at each of these cost-effective foreign MBA colleges.

1. Memorial University Of Newfoundland (MUN), Canada

Memorial University of Newfoundland (MUN), one of Canada's leading MBA colleges with affordable fees, is highly ranked among the best universities. Known for its low tuition costs and effective training methods, MUN stands out as the most economical choice for international students pursuing an MBA in Canada. With four campuses in St. John's, Grenfell, and Harlow, MUN offers a diverse range of academic programs in an urban environment, making it one of the most budget-friendly options for higher education in Canada. It is widely recognized as one of the top low-cost MBA colleges abroad.

QS World Ranking 2024	641-650
Programs Offered	MBA in Social Enterprise and Entrepreneurship Master of Science (M.Sc.) in Management Master of Employment Relations (MER)
Annual Tuition Fees for International Students	CAD 4,840 or INR 2,93,200
Scholarships Offered	Faculty Of Business Administration MBA Entrance Scholarships Faculty Of Business Administration MBA Indigenous Entrance Scholarship

Suggested: Cost of Studying MBA in the UK

2. University of Victoria

The University of Victoria, located in British Columbia, is a well-established public research university. With over 21,000 students, it ranks among Canada's leading universities and stands out as one of the top MBA colleges abroad offering affordable tuition. Undoubtedly, the University of Victoria is a standout choice among low-cost MBA colleges overseas.

QS Ranking 2024	322
Programs offered	Daytime and Weekend MBA in Sustainable Innovation
Annual Tuition Fees for International Students	EUR 35,890 or INR 29,61,700
Scholarships Offered	Ritchie Foundation MBA Entrance Scholarship MBA Pay-it-Forward Award James A. Mossey Award

3. EU Business School, Barcelona

EU Business School (EU) in Spain is among the most affordable MBA colleges in the country. This private institution specializing in business studies, and was established in 1973. It holds certification from eduQua, the inaugural Swiss quality standard for higher education institutions. The MBA program at EU Business School earned recognition for its excellence in the Global MBA Ranking 2021 by America Economia and is renowned for offering the lowest MBA fees abroad.

Programs offered

MBA in Global Banking and Finance

MBA in Entrepreneurship

MBA in International Marketing

Annual Tuition Fees for International Students

EUR 21,900 or INR 19.28,690

Scholarships Offered

EADA Business School – EADA Scholarships (offered on a merit basis)

Barcelona GSE Master Scholarship

Check out our video on Affordable Universities to do an MBA Abroad!

4. University College Of Birmingham, UK

University College Birmingham (UCB) is renowned among international students from over 60 countries for providing top-quality yet cost-effective education. UCB's industry-relevant education and training are highly regarded by employers, making it a respected choice. The institution is recognized as one of the world's premier educational establishments and offers a competitively priced MBA program abroad.

QS Ranking 2024	90
Programs Offered	MBA in International Business, Global Ranking & Finance Executive MBA
Annual Tuition Fees for International Students	EUR 31,500 or INR 26,44,290
Scholarships Offered	Academic Excellence Scholarship Sporting Excellence Scholarship Masters Intern Bursary

5. Technical University of Munich

The Technical University of Munich (TUM) is a standout choice for affordable MBA studies abroad. As one of Europe's leading institutions, TUM ranks as the fourth most innovative university in Europe. Their Executive MBA in Innovation and Business Creation is tailor-made for working professionals and executives. This program integrates strong academic management with personalized start-up and innovation consultancy, offering a distinctive opportunity to acquire and enhance entrepreneurial skills.

QS Ranking 2024	37
Programs Offered	Executive MBA in Innovation and Business Creation
Annual Tuition Fees for International Students	EUR 14,400 or INR 12,08,820
Scholarship	One-time financial aid between EUR 500 - EUR 1,500 per semester

6. The University Of Tuebingen, Germany

Tuebingen, among Germany's most ancient universities, enjoys a global reputation for its research-focused educational approach. The MBA program offered at Tuebingen is renowned for its research-driven and practical orientation. The Master of Science in International Business offers a fantastic opportunity for motivated bachelor's students to engage in a program that blends academic and cultural growth.

QS Ranking 2024	177
Programs Offered	Masters of Science in International Business
Annual Tuition Fees for International Students	EUR 9,550 or INR 8,01,690

7. Kaplan Business School, Australia

Kaplan offers a range of renowned programs such as Master of Business Analytics, Master of Professional Accounting, and Master of Accounting. Kaplan Business School has established partnerships with several Australian businesses, including the Sydney Swans and Davidson. These collaborations with esteemed Australian companies offer students opportunities to engage in skill-building internships and talent development.

QS Ranking 2024	511-520
Programs Offered	MBA in International Business MBA in Business Analytics
Annual Tuition Fees for International Students	AUD 47,880 or INR 27,07,000
Scholarships Offered	Asia- International Student Scholarship of AUD 43,100

8. International Institute of Business and Information Technology, Sydney

The Institute of Business Information Technology (IIBIT) in Sydney is recognized for its partnership with Federation University, offering undergraduate and postgraduate degrees in Information Technology and Business Administration at its Sydney and Adelaide campuses. Additionally, the institute supports students in securing internships and placements, and it offers programs like the Master of Technology and MBA in International Business.

QS Ranking 2024	601-700
Programs Offered	MBA in International Business
Tuition Fees	AUD 57,600 or INR 32,56,540
Scholarship	Federation University Australia Global Excellence Scholarship

9. Deusto Business School, Spain

Deusto Business School holds prestigious accreditations from the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBAs. These global endorsements underscore the school's exceptional quality in business education, ranking it among the finest worldwide. Deusto is renowned for providing students with one of the most affordable MBA programs abroad. Notably, Deusto alumni occupy key roles in 20 percent of Spain's 35 IBEX-registered companies, including CEOs, VPs, and general managers.

QS World Ranking 2024	301-400
Programs Offered	MBA in International Business Executive MBA
Annual Tuition Fees for International Students	EUR 11,000 or INR 9,08,300
Scholarships Offered	The Fundación Vizcaína Aguirre Grants Programme

Read more on Job and Salary in USA after MBA

10. EAE Business School, Madrid

EAE Business School, with a history of over 60 years in shaping successful professionals, has educated more than 73,000 directors and executives. Since its establishment in 1958, over 65,000 executives have benefited from EAE's classrooms. Participants hail from 72 nations spanning five continents, with 95 percent of them possessing professional backgrounds. Within the MBA program, the school offers a range of specializations, including a Master's in Financial Management, a Master's in Marketing and Sales, a Master in Project Management, and more.

QS World Ranking 2024	71-80
Programs Offered	Masters in FM Masters in Marketing & Sales Masters in Project Management
Annual Tuition Fees for International Students	EUR 29,500 or INR 24,35,890
Scholarships Offered	Academic Excellence Grant

Pursuing an affordable MBA abroad is readily attainable. For Indian students, a low-cost MBA abroad offers a comprehensive blend of top-notch education and strong employment prospects. These budget-friendly MBA colleges overseas are renowned for offering international students a high return on investment (ROI). If you need additional guidance on affordable MBA programs abroad, don't hesitate to connect with us.

From the Desk of Yocket

An affordable MBA abroad is now more accessible than ever before. MBA programs abroad for Indian students offer excellent education and high employability rates, all at a fraction of the cost of MBA programs in top Western countries.

Low-cost MBA colleges abroad are also known for providing international students with a high return on investment (ROI). However, finding the perfect college that suits your requirements and preparing for the application process can be challenging.

That's where Yocket comes in. Yocket is a free online platform that helps students find and apply to affordable MBA programs abroad. So, you can fulfill your dream without breaking the bank!

Achieve your dream with the help of Yocket Premium!