MBA: The Why, The Whats & The Hows

MBA in Information Technology Abroad: Top Colleges, Fees (2024)

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Yocket Editorial Team
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In today's tech-driven business landscape, pursuing an MBA in Information Technology (IT) abroad is essential for global opportunities. According to GMAC, there has been a 15% rise in IT MBAs over the past five years. An MBA in IT prepares you for success in multinational corporations and startups.

A report by AASCB stated that 79% of recruiters prefer a management graduate with IT experience. If you want to study an MBA in IT at a top-ranked university, schedule a call with our Yocket's experts today. Yocket has assisted over 10,000 students in gaining admission to 100 top universities, securing scholarships worth $20 million. Connect with us to turn your study abroad dreams into reality!

Table of Contents:

Also read: GRE vs. CAT: Which is better for an MBA/MS Abroad? 

Why Study an MBA in Information Technology Abroad?

Studying for an MBA in Information Technology abroad offers global exposure, access to top-tier faculty, networking opportunities, and a cutting-edge curriculum, preparing you for leadership roles in the tech-driven business landscape. Let us see more reasons why Studying an MBA in Information Technology abroad can be the right decision: 

  • Career Advancement: An MBA in Information Technology abroad enhances your employability and opens doors to leadership roles, increasing your earning potential and career trajectory.
  • Industry-Relevant Skills: Gain practical, hands-on experience through internships, case studies, and industry projects, acquiring skills highly sought after by employers in the IT sector.
  • Specialized Knowledge: Deepen your understanding of IT concepts, including data analytics, cybersecurity, cloud computing, and digital innovation, equipping you to tackle complex challenges in the digital age.
  • Entrepreneurial Opportunities: Explore entrepreneurship and innovation within the IT domain, learning how to identify market opportunities, develop business plans, and launch successful tech startups.
  • Global Recognition: An MBA from a reputable international institution enhances your credibility and marketability on a global scale, increasing your chances of securing employment or entrepreneurship ventures worldwide.
  • Access to Top-tier Faculty: Gain insights from renowned professors and industry experts, benefiting from their extensive knowledge and experience in Information Technology.
  • Networking Opportunities: Build a robust international network of peers, alumni, and industry professionals, opening doors to potential collaborations, job opportunities, and mentorship.
  • Cutting-edge Curriculum: Access innovative and up-to-date curriculum covering emerging technologies, business trends, and strategic management practices relevant to the IT industry.
  • Preparation for Leadership Roles: Develop essential leadership, communication, and decision-making skills, preparing you for managerial positions in technology-driven organizations on a global scale.

Suggested: MBA in India vs MBA Abroad: Which One is Better for You? 

Best Colleges for MBA in Information Technology Abroad

Explore top-tier institutions worldwide renowned for their MBA programs in Information Technology, offering rigorous curriculum, esteemed faculty, and extensive networking opportunities for aspiring IT leaders. Here's a list of some of the best colleges for an MBA in Information Technology abroad:

  1. Massachusetts Institute of Technology (MIT) - Sloan School of Management, USA
  2. Stanford Graduate School of Business, USA
  3. Harvard Business School, USA
  4. INSEAD Business School, France/Singapore
  5. London Business School, UK
  6. Wharton School, University of Pennsylvania, USA
  7. Haas School of Business, University of California Berkeley, USA
  8. Kellogg School of Management, Northwestern University, USA
  9. Columbia Business School, USA
  10. Said Business School, University of Oxford, UK

These are renowned institutions for their exceptional MBA programs focusing on Information Technology. They offer a rigorous curriculum, top-tier faculty, extensive networking opportunities, and access to cutting-edge resources and facilities. Let us know these in detail: 

1. Massachusetts Institute of Technology (MIT) - Sloan School of Management, USA

At MIT's Sloan School of Management, the MBA in Information Technology offers a transformative educational experience, combining rigorous coursework with hands-on learning opportunities and access to cutting-edge research, preparing you to lead innovation in the digital age.

QS World University Ranking 2024

1

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 1,23,74,000 (USD 148,200)/year

2. Said Business School, University of Oxford, UK

The MBA in Information Technology offers a transformative learning experience at Said Business School, blending cutting-edge technology insights with business acumen. Engage with renowned faculty, access global networking opportunities, and leverage innovative resources to excel in the tech-driven business landscape.

QS World University Ranking 2024

8

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 65,99,000 (GBP 63,000)/year

3. Harvard Business School, USA

At Harvard Business School, the MBA in Information Technology blends cutting-edge business education with technology expertise. With renowned faculty, innovative curriculum, and a global network, you gain invaluable insights and skills to excel in tech-driven industries worldwide.

QS World University Ranking 2024

9

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 61,32,000 (USD 73,440)/per year

4. Stanford Graduate School of Business, USA

At Stanford Graduate School of Business, an MBA in Information Technology combines rigorous business education with cutting-edge technology expertise. With renowned faculty, innovative curriculum, and Silicon Valley proximity, you gain invaluable insights to lead in tech-driven industries globally.

QS World University Ranking 2024

5

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 66,13,000 (USD 79,200)/year

5. INSEAD Business School, France/Singapore

INSEAD Business School offers an MBA program integrating information technology with business strategy. This equips you with a deep understanding of digital transformation. Renowned for its global perspective, diverse cohort, and cutting-edge curriculum, it prepares future leaders for success in the digital age.

QS World University Subject Ranking 2024

2

Country

Singapore, France

MBA Program

MBA in Information Technology

Tuition Fee

INR 79,99,000 (EUR 89,000)/year

6. London Business School, UK

London Business School's MBA in Information Technology offers a transformative educational experience, combining rigorous coursework with hands-on learning opportunities. With access to London's vibrant tech ecosystem and renowned faculty, you develop critical skills for leadership roles in the global IT industry.

QS World University Subject Ranking 2024

4

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 92,06,000 (GBP 87,900)/year

Suggested: 10 Affordable MBA Colleges in France for International Students

7. Haas School of Business, University of California Berkeley, USA

At Haas School of Business, an MBA in Information Technology blends business acumen with tech expertise. A rigorous curriculum, renowned faculty, and proximity to Silicon Valley provide unparalleled opportunities. Prepare for leadership in tech-driven industries with hands-on learning and extensive networking.

QS World University Ranking 2024

10

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 83,50,000 (USD 100,000)/year

8. Wharton School, University of Pennsylvania, USA

At Wharton School, an MBA in Information Technology blends business acumen with technological expertise, preparing you for leadership roles in the digital era. Rigorous coursework, renowned faculty, and industry connections empower graduates to drive innovation and excel in tech-driven industries.

QS World University Ranking 2024

12

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 96,02,000 (USD 115,000)/year

9. Columbia Business School, USA

Columbia Business School's MBA in Information Technology offers a dynamic curriculum blending business fundamentals with IT specialization. Students with access to renowned faculty, cutting-edge resources, and a vibrant alumni network lead in the ever-evolving tech landscape.

QS World University Ranking 2024

23

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 1,83,70,000 (USD 220,000)/year

10. Kellogg School of Management, Northwestern University, USA

At Kellogg School of Management, an MBA in Information Technology combines business acumen with tech expertise. This prepares you for leadership roles in the digital age. Rigorous curriculum, renowned faculty, and networking opportunities equip graduates to drive innovation in global organizations.

QS World University Ranking 2024

47

Country

United States

MBA Program

MBA in Information Technology

Tuition Fee

INR 1,46,02,000 (USD 174,871)/year

MBA in Information Technology Abroad Program Structure

An MBA in Information Technology typically begins with core subjects in various business disciplines. Let’s look over the 1st & 2nd-year syllabi for MBA in Information Technology abroad. 

First Year:

  • Core Business Courses
  • Financial Accounting
  • Economics
  • Organizational Behaviour
  • Marketing Management
  • Operations Management
  • Corporate Finance 
  • Strategy 

Second Year:

  • IT Courses
  • IT Strategy and Management
  • Big Data Analytics
  • Cybersecurity Management 
  • Digital Transformation
  • IT Project Management
  • IT Governance 

Some of the electives that students with an MBA in IT can take are:

  • AI
  • Cloud Computing
  • Machine Learning
  • Information Systems Management
  • E-commerce
  • IT Entrepreneurship

Course Overview of MBA in Information Technology Abroad 

The MBA in Information Technology blends core business principles with specialized IT management topics, typically completed in two years. The first year covers finance, marketing, operations, and strategy, while the second delves into IT strategy, big data analytics, cybersecurity management, and emerging technologies. Electives such as artificial intelligence, machine learning, IT consulting, and digital entrepreneurship offer avenues for more profound expertise. 

In the USA, the average cost of pursuing this program ranges from $50,000 to $100,000 per year, translating to approximately INR 50,00,000 to 83,50,000 per annum, depending on the institution and location.

Completing the MBA in Information Technology usually takes two years, with students gaining a robust understanding of business fundamentals and cutting-edge IT management techniques. The program's interdisciplinary approach prepares graduates for leadership roles in the rapidly evolving digital landscape, equipping them with the skills to navigate complex IT challenges and drive innovation in diverse industries.

Suggested: MBA in Finance Abroad

Course Specialisation in an MBA in Information Technology Abroad for International Students

Here's a list of common specializations available in an MBA in Information Technology abroad for international students:

  1. IT Strategy and Management
  2. Big Data Analytics
  3. Cybersecurity Management
  4. Digital Transformation
  5. Emerging Technologies
  6. Artificial Intelligence
  7. Cloud Computing
  8. Machine Learning
  9. IT Consulting
  10. Information Systems Management
  11. Digital Marketing
  12. E-commerce
  13. IT Entrepreneurship
  14. Blockchain Technology
  15. Mobile Application Development

These specializations allow you to tailor their MBA program to their career goals and interests in information technology.

Read more on Harvard Executive MBA: Cost & Is it Worth it? 

Eligibility Criteria & Admission Requirements for MBA in Information Technology for International Students

Eligibility criteria and admission requirements for an MBA in Information Technology for international students vary depending on the institution and country. However, here are some standard requirements:

  1. Bachelor's Degree: Most programs require a recognized university or college degree. The degree can be in any field, but some programs prefer applicants with a business computer science background or related fields.
  2. Work Experience: Many MBA programs prefer candidates with prior work experience, especially in roles related to business or information technology. The required years of experience vary but typically range from two to five years.
  3. Entrance Exams: Some institutions may require applicants to submit scores from standardized tests such as the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination). These tests evaluate quantitative, verbal, and analytical skills. While some MBA programs have waived the GMAT requirement, many still require a competitive score, often 600 to 700. A competitive GRE score for MBA programs is generally around 310 to 330 on the combined verbal and quantitative sections.
  4. English Proficiency: International applicants whose native language is not English are usually required to demonstrate proficiency in English by taking standardized tests such as the TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing System). A competitive TOEFL score for MBA programs is usually around 90 to 100 on the internet-based test (iBT). Most MBA programs require an IELTS score between 6.5 and 7.0 overall, with a minimum score of 6.0 in each band (listening, reading, writing, and speaking).
    Prospective students must carefully review the specific eligibility criteria and admission requirements of each MBA program they are interested in, as these may vary widely among institutions. Additionally, meeting the minimum requirements does not guarantee admission, as MBA programs are often highly competitive, especially for international applicants.
  5.  Student Visa: A student visa permits international students to study in a foreign country for a specified duration. It's essential for accessing education abroad, encompassing academic programs ranging from language courses to advanced degrees.

Additional Documents Required for MBA Information Technology Colleges Abroad

When applying to MBA programs abroad, you must submit a comprehensive application package focusing on information technology. While specific requirements may vary depending on the institution, here are some common additional documents you might need:

  1. Transcripts: You must submit official transcripts from all previous academic institutions attended. Some universities may require a credential evaluation if your transcripts are from a non-U.S. institution.
  2. Work Experience Documents: Some MBA programs prefer candidates with relevant work experience. You may need to submit documents such as appointment letters, promotion letters, or certificates from your employers to verify your professional background.
  3. Portfolio (if applicable): If you have completed significant IT-related projects or have a portfolio showcasing your skills (such as software development projects, data analysis reports, etc.), you may include it in your application.
  4. Letters of Recommendation: Applicants may need to submit letters of recommendation from academic or professional references who can attest to their qualifications, character, and potential for success in the program.
  5. Statement of Purpose/Personal Statement: Many programs require applicants to submit a statement of purpose or personal statement outlining their academic and professional background, career goals, and reasons for pursuing an MBA in Information Technology.
  6. Valid Passport: A passport is an essential travel document that verifies a person's identity and nationality, enabling international travel and serving as proof of legal presence in foreign countries.
  7. Resume: A resume is a concise summary of an individual's education, work experience, skills, and achievements. It's a crucial tool for job applications, highlighting qualifications and suitability for specific roles.
  8. Passport Photographs: Passport photographs are small, standardized images typically used for official documents such as passports, visas, and ID cards. They must meet specific requirements regarding size, background, and appearance.

Always check the specific requirements of each MBA program you're interested in, as they may have additional or slightly different requirements. Additionally, some programs may require an interview as part of the application process.

Admission Process for MBA in Information Technology Abroad

Admission processes for MBA programs in Information Technology abroad can vary by institution, but here's a generalized step-by-step guide:

  1. Research and Choose Programs: Explore various MBA programs specializing in Information Technology universities offered abroad. Consider factors such as curriculum, faculty expertise, reputation, location, and admission requirements.
  2. Check Eligibility Criteria: Review the eligibility criteria for each program, including academic qualifications, standardized test scores (GMAT/GRE), English proficiency (TOEFL/IELTS), work experience, and any specific prerequisites related to IT knowledge or experience.
  3. Prepare Required Documents: Gather all necessary documents, including transcripts, degree certificates, letters of recommendation, resume or CV, statement of purpose (SOP), standardized test scores, and passport photographs.
  4. Take Standardized Tests: If required, register for and take standardized tests such as the GMAT or GRE for general admission and any English proficiency tests like TOEFL or IELTS if English is not your native language.
  5. Write Statement of Purpose (SOP): Craft a compelling SOP highlighting your academic background, professional experience, career goals, and specific interest in pursuing an MBA in Information Technology.
  6. Request Letters of Recommendation (LOR): Reach out to professors, employers, or other professional contacts who can provide strong letters of recommendation highlighting your skills, achievements, and potential for success in the program.
  7. Submit Application: Complete the online application form for each MBA program you wish to apply to. Submit all required documents, including transcripts, test scores, SOP, LORs, and application fees.
  8. Attend Interviews (if applicable): Some programs may require applicants to participate in interviews as part of the selection process. Prepare thoroughly by researching the program, practicing common interview questions, and articulating your goals and motivations.
  9. Receive Admission Decision: After submitting your application and completing any required interviews, wait for the admission decision from each institution. Depending on the program, admission decisions may take several weeks to months.
  10. Accept Offer and Apply for Visa: Upon receiving admission offers, carefully review them and accept the offer from your preferred institution. Follow the instructions provided by the university to secure your spot in the program and begin applying for a student visa to study abroad.

Cost of Studying MBA in Information Technology from Abroad

An MBA in Information Technology integrates global business knowledge with advanced finance education for international students. The program encompasses both tuition fees and living expenses abroad, ensuring a comprehensive understanding of financial principles in diverse cultural and professional settings.

Tuition Fees

Navigating where to pursue an MBA in Information Technology can be challenging. To aid decision-making, we've compiled average program fees across various countries, providing insight into the comparative costs of studying abroad for prospective students: 

Country

Average Cost (INR)

Average Cost (Country's Currency)

United States

20,00,000

$28,000 - $60,000

United Kingdom

15,00,000

£20,000 - £45,000

Canada

12,00,000

CAD 30,000 - CAD 70,000

Australia

18,00,000

AUD 30,000 - AUD 80,000

Germany

10,00,000

€15,000 - €40,000

Singapore

16,00,000

SGD 30,000 - SGD 80,000

France

14,00,000

€20,000 - €50,000

Switzerland

25,00,000

CHF 35,000 - CHF 90,000

Netherlands

13,00,000

€18,000 - €45,000

Sweden

16,00,000

SEK 150,000 - SEK 400,000

New Zealand

16,00,000

NZD 25,000 - NZD 70,000

Cheapest Country to Study MBA in Information Technology Abroad

Among the countries listed, Germany is often considered one of the cheapest options for studying an MBA in Information Technology abroad. This is primarily due to the availability of tuition-free or low-cost education at many public universities in Germany. 

Additionally, the cost of living in Germany varies by city and can be relatively affordable compared to other European countries. Therefore, for those seeking an economical option without compromising on the quality of education, Germany could be the most cost-effective choice among the options provided.

Here's a breakdown of the costs and expenditures students may incur when studying for an MBA in Information Technology in Germany, along with examples of some universities offering such programs.

Expense

Cost in EUR (per year)

Cost in INR (per year)

Accommodation (rent/utilities)

€4,000 - €8,000

₹3,60,000 - ₹7,20,000

Food and Groceries

€2,000 - €3,000

₹1,80,000 - ₹2,70,000

Transportation (public/private)

€500 - €1,000

₹45,000 - ₹90,000

Health Insurance

€800 - €1,200

₹72,000 - ₹1,08,000

Study Materials and Miscellaneous Expenses

€700 - €1,800

₹63,000 - ₹1,62,000

Total (per year)

€8,000 - €12,000

₹7,20,000 - ₹10,80,000

 These estimated costs vary based on city, lifestyle, and individual circumstances. Scholarships, grants, and part-time work can offset expenses. Research thoroughly and consult universities for precise details and financial aid options.

Here's a list of universities in Germany offering MBA programs in Information Technology with relatively affordable tuition fees:

  1. Hochschule Hof University of Applied Sciences
  2. Hochschule Furtwangen University
  3. Hochschule Harz University of Applied Sciences
  4. Berlin School of Economics and Law
  5. Frankfurt School of Finance & Management
  6. International School of Management (ISM)
  7. Ludwig Maximilian University of Munich (LMU Munich)
  8. Technische Universität München (TUM)
  9. Freie Universität Berlin
  10. Humboldt-Universität zu Berlin

Please note that tuition fees can vary between programs and may be subject to change, so it's essential to verify the current fees directly with the universities. Factors such as scholarships, cost of living, and program curriculum should be considered when deciding.

Suggested: Top 10 Cheapest MBA Colleges in Australia for International Students

Scholarships for MBA in Information Technology for International Students

International students facing high MBA tuition fees in a particular country can explore options like student education loans or MBA scholarships to make their education more accessible. Financial assistance can fulfill academic aspirations despite financial constraints.

Country

Scholarship Name

Scholarship Amount (Country's Currency)

Scholarship Amount (INR)

United States

Fulbright Foreign Student Program

$10,000 - $25,000

₹7,20,000 - ₹18,00,000

United States

Rotary Foundation Global Grant

$30,000 - $50,000

₹21,60,000 - ₹36,00,000

United Kingdom

Chevening Scholarships

£18,000 - £38,000

₹15,30,000 - ₹32,30,000

United Kingdom

Commonwealth Scholarships

Full tuition fee coverage + living stipend

Full tuition fee coverage + living stipend

Canada

Vanier Canada Graduate Scholarships

CAD 50,000 per year

₹28,80,000 per year

Canada

Trudeau Foundation Scholarships

Up to CAD 60,000 per year

Up to ₹34,56,000 per year

Australia

Australia Awards Scholarships

Full tuition fee coverage + living expenses

Full tuition fee coverage + living expenses

Australia

Endeavour Scholarships and Fellowships

AUD 15,000 - AUD 25,000 per year

₹8,40,000 - ₹14,00,000 per year

Germany

DAAD Scholarships

Varies

Varies

Germany

Heinrich Böll Foundation Scholarships

Varies

Varies

Singapore

Singapore International Graduate Award

Full tuition fee coverage + monthly stipend

Full tuition fee coverage + monthly stipend

Singapore

A*STAR Graduate Scholarship

Full tuition fee coverage + monthly stipend

Full tuition fee coverage + monthly stipend

Suggested: MBA Scholarships in Australia for Indian Students

Jobs in Abroad after MBA Information Technology

MBAs in Information Technology can thrive in diverse roles, including IT consulting, project management, technology entrepreneurship, data analysis, cybersecurity management, and digital marketing. They bridge the gap between business strategy and technical implementation, leading innovation and driving organizational success in the digital age. Let us see the kind of Job roles and remuneration that they obtain:

Job Role

Remuneration (USD)

Remuneration (INR)

IT Consultant

$70,000 - $150,000

₹50,00,000 - ₹1,10,00,000

Project Manager

$80,000 - $140,000

₹60,00,000 - ₹1,00,00,000

Data Analyst

$60,000 - $120,000

₹40,00,000 - ₹90,00,000

Cybersecurity Manager

$90,000 - $160,000

₹70,00,000 - ₹1,20,00,000

Digital Marketing Manager

$70,000 - $130,000

₹50,00,000 - ₹95,00,000

Technology Entrepreneur

$80,000 - $200,000+

₹60,00,000 - ₹1,50,00,000+

Software Development Manager

$90,000 - $160,000

₹70,00,000 - ₹1,20,00,000

Business Intelligence Analyst

$65,000 - $130,000

₹45,00,000 - ₹95,00,000

IT Auditor

$70,000 - $140,000

₹50,00,000 - ₹1,00,00,000

Cloud Solutions Architect

$100,000 - $180,000

₹75,00,000 - ₹1,35,00,000

Product Manager

$90,000 - $150,000

₹70,00,000 - ₹1,10,00,000

From the Desk of Yocket

Pursuing an MBA in Information Technology abroad in today's rapidly evolving business landscape allows you to pursue both Information Technology and Management. Universities like MIT, Stanford, and Harvard offer holistic programs that equip you with skills to excel in IT consulting and cybersecurity management roles. These programs prepare graduates to drive innovation in tech-driven industries worldwide.

If you want to build your IT career and seek guidance to pursue an MBA Abroad, look no further. Amidst myriad choices, Yockets stands out. With a track record of guiding 10,000+ students to top universities and securing $20 million in scholarships, Yocket offers expertise and support for your study abroad journey. Through tech-driven tools and personalized services, Yocket empowers you to access global opportunities confidently, making informed decisions for your educational journey. Book a call today with Yocket Counsellors now! 

 

Frequently Asked Questions on MBA in Information Technology Abroad

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