MBA: The Why, The Whats & The Hows

MBA Abroad: 10 Affordable MBA Colleges for International Students

Yocket Editorial Team

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.

Table of Contents:

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


Average Tuition Fees per Annum

Average Tuition Fees per Annum (in INR)


AUD 39,000



CAD 30,000


New Zealand 

NZD 31,000 



GBP 31,000 to GBP 87,000

₹3,131,000 to ₹8,787,000


USD 60,000 to USD 80,000

₹4,980,000 to ₹6,640,000

Suggested: Top 10 Business Schools in the World

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


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


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


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


Programs Offered

Executive MBA in Innovation and Business Creation

Annual Tuition Fees for International Students 

EUR 14,400 or INR 12,08,820


One-time financial aid between EUR 500 - EUR 1,500 per semester

Read more on MBA Scholarships in Germany for Indian Students

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


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


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

Suggested: Difference between MBA and Executive MBA 

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


Programs Offered

MBA in International Business

Tuition Fees

AUD 57,600 or INR 32,56,540 


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


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


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!

Frequently Asked Questions about Affordable MBA Colleges Abroad 

Which country is the cheapest for an MBA?

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

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

How much does an MBA cost in the UK?

Is Canada a cheap country to study MBA?

Why should I consider studying for an MBA abroad?

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

How can I secure financial assistance for my MBA abroad?

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

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