MBA Abroad For Indian Students 2024: Countries, Eligibility, Fees

Wondering which country is the best for MBA for Indian students? The journey is like stepping into the world of your dreams. Earning a degree from the best country for an MBA for Indian students is career-altering in all forms. A Master's in Business Administration is no doubt one of the most popular professional degrees across the globe. This blog will help you navigate through the top 10 countries to study MBA abroad for Indian students and a lot more!.

Why Study MBA Abroad?

Studying MBA abroad for Indian students proves to be the most rewarding career decision a student can make. MBA is one of the most sought-after post-graduate degrees in the world. However, there is much more to the benefits of pursuing an MBA abroad for Indian students. The degree helps students explore their calibre in the field of business and management while excelling in the art of business studies. Here are some of the many advantages of an MBA degree abroad for Indian students:

1. Exposure

Studying in a foreign country in the best MBA colleges in the world for Indian students is a phenomenal experience of a lifetime. The exposure of being among the best of minds, being taught by the best faculty in the world, and strolling through eccentric campuses, is just the top layer of the cream you are about to explore. Workshops, internships, opportunities, clubs, organisations, extracurricular activities, and so much more are on offer the moment you are through that door toward your success.

2. Career Growth

Be it adding to your current knowledge base or starting your career, an MBA abroad for Indian students propels their career forward to new heights. There are high chances of landing a senior-level position or an entrepreneurial position after you complete your MBA overseas from the top B-schools. 

3. Networking Opportunities

Networking is your doorway to the best possible learnings as an MBA student. Post your degree completion, you will be placed in the fastest-growing and highly competitive business world. To get ready to face the tycoons and sharks, you need to meet people who are already on top of everything. The opportunity to network with students, teachers, staff, potential employers, alumni, and leaders, among others, can only be found if you pursue an MBA abroad or specifically choose the best US universities for an MBA diligently. 

4. Leadership Skills

One of the major benefits of pursuing an MBA abroad for Indian students is the enhancement of their leadership skills. The hands-on experience foreign MBA colleges abroad provide Indian students helps them turn into great leaders in the future and have a profound impact on their careers. Management skills are the core competency, and leadership is its cornerstone. 

5. Specialisation Options

MBA abroad for Indian students means having a range of choices in specialisations one wants to pursue. The practical association in the field of study makes you gain ground-level experiences of the theories taught inside the classrooms. This is possible only in the best countries to study MBA for Indian students. 

10 Best Countries for MBA for Indian Students

Many countries across the globe are known for the high-quality education they offer. The universities design an excellent curriculum that stresses students' practical skills as well as theoretical knowledge. There is no specific country or university which is the top tier to pursue an MBA abroad for Indian students. Below are some of the best countries for MBA abroad for Indian students:

1. United Kingdom (UK)

Best Universities: London Business School, Oxford Business School, Cambridge Judge Business School, Imperial College of Business, Warwick Business School
Fees: ₹30,00,000 - ₹80,00,000
Stay Back (in months): 24
Eligibility: Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience

One of the major reasons for choosing the UK to study MBA abroad for Indian students is the high-quality education. Along with the high standard of education, the universities in the UK provide a strong base for research purposes. More than 20,000 students enroll in some of the best universities for MBA abroad for Indian students. You can also take a look at the best MBA universities in the UK. You can also read about a guide to MBA scholarships in the UK.

2. United States of America (USA)

Best Universities: Stanford University, Columbia Business School, Booth School of Business, Columbia Business School, Harvard Business School
Fees: ₹60,00,000 - ₹1,00,00,000
Stay Back (in months): 2
Eligibility: Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience

The United States of America is one of the best countries for MBA for Indian students. The universities in the USA offer an attractive education system, excellent job opportunities, internships and many other positive aspects. The country is home to more than 100,000 MBA graduates every year. The USA has some of the best MBA colleges abroad for Indian students. Don't forget to take a look at some comfortable US student accommodations near these universities!

3. Canada

Best Universities: Rotman School of Management, Ivey Business School, Smith School of Business, Schulich School of Business, Alberta School of Business
Fees: ₹25,00,000 - ₹60,00,000
Stay Back (in months): 36
Eligibility: bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience

Canada attracts several students from across the globe with its multicultural diversity, high employability ratio, top-notch academic standards, and affordability. Thousands and lakhs of students move to Canada to gain education from the best MBA colleges for Indian students. Canada also offers an affordable MBA abroad for Indian students with a great student-employment ratio. Take a look at our blog on the guide to MBA in Canada.

4. Germany

Best Universities: Technical University of Munich, Mannheim Business School, Munich Business School, EU Business School, Frankfurt School of Finance and Management
Fees: ₹6,00,000 - ₹10,00,000
Stay Back (in months): 18
Eligibility: bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 3 years of work experience, German proficiency scores (if required)

Germany is a land of some world-famous banks and companies. The country is well known for several management streams. Germany stands out from the other countries as it offers an application-oriented education system. Take a look at the requirements and application process for MBA in Germany. Also, we have curated a list of top colleges in Germany for MBA abroad for Indian students.

5. Australia

Best Universities: University of Melbourne, Monash Business School, University of Queensland Business School, Australian Graduate School of Management (University of South Wales), Sydney Business School
Fees: ₹16,00,000 - ₹50,00,000
Stay Back (in months): 15-24
Eligibility: Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 3 years of work experience, French proficiency scores (if required)

Australia is another cost-effective country for an MBA abroad for Indian students. The country offers a low-cost tuition fee and an affordable standard of living alongside the highest quality of education. In Australia, you find an extensive demand for general MBAs as well as executive MBAs. You can take a look at top MBA colleges in Australia if you’re planning to go to the land down under 

6. France

Best Universities: American Business School, Paris Business Schools, Rennes School of Business
Fees: ₹12,30,000-₹27,00,000
Stay Back: (in months): 12-24
Eligibility: bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 3 years of work experience, French proficiency scores (if required)

France is among the top countries for higher studies and offers an affordable MBA abroad for Indian students. France hosts more than four lakh international students each year, making it one of the best countries for MBA for Indian students.

7. Netherlands

Best Universities: Saxon University of Applied Sciences, The Hague University of Applied Sciences, Hanze University of Applied Sciences
Fees: ₹52,75,696–₹91,41,600
Stay Back (in months): 24
Eligibility: bachelor’s (or equivalent), English proficiency test scores, GMAT/GRE scores (if required), 1-2 years of experience

The Netherlands has gained the stature of the most connected country in regard to geography and economics. The Netherlands is home to many top-ranking universities under 500 rank, according to the QS University world ranking. If you are looking for an affordable MBA abroad for Indian students, the country must be at the top of the list. More than 122,300 flock to universities in the Netherlands for their higher studies. 

8. Singapore

Best Universities: The Singapore Management, Nanyang Business School, James Cook University, NUS Business School
Fees: ₹41,65,632-₹50,000,00
Stay Back (in months): 3
Eligibility: bachelor’s (or equivalent) with at least an 80% score, IELTS score of 7.5 or above, language proficiency test scores (for non-native speakers), 2-3 years of experience

Singapore has punched above its weight when we look at its 5 million population and then look at it offering high-value MBA abroad for Indian students. MBA is one of the top courses pursued in the universities in Singapore. The degrees come with a plethora of job opportunities from top employers.

9. Spain

Best Universities: University of Barcelona, Universidad Carlos III de Madrid, IESE Business School, ESADE Business School, Universidad de Navarra
Fees: ₹35,14,883-₹40,00,000
Stay Back (in months): 12
Eligibility: Bachelor’s (or equivalent), English language proficiency scores (if required), Spanish language proficiency scores (if required), 2-3 years of experience, GMAT/GRE score

Spain is one of the best countries for MBA abroad for Indian students. The nation is among the best countries, hosting some of the best MBA colleges for Indian students abroad. With a strong economy and high rate of job opportunities, Spain gained its position as the best country for MBA for Indian students in our list.

10. Italy

Best Universities: Politecnico Di Milano, Bocconi University, SDA Bocconi School of Management, Rome Business School
Fees: ₹34,00,000-₹40,00,000
Stay Back (in months): 6-12
Eligibility: Bachelor's (or equivalent), GMAT/GRE scores, IELTS/TOEFL score, relevant work experience

Italy hosts some of the world’s top 100 universities in higher education. This is a culturally diverse and inviting country that is the top destination for international students across the globe. The search for the best countries for MBA abroad for Indian students ends here with Italy. 

Employment Opportunities

An MBA abroad for Indian students opens up opportunities for job offers from top companies in the world. Holding a degree from prestigious colleges and universities like Stanford, Harvard, Drexel University, London Business School, and various other Ivy League colleges, among many others, opens up many doors. Some of the top companies that offer placement in the best universities are mentioned below:

1. Google
2. Facebook
3. Microsoft
4. Apple
5. Walt Disney
6. JP Morgan
7. Goldman Sachs
8. Bain & Co.

MBA Abroad Admission Process 

MBA abroad for Indian students comes with a list of steps before you take the flight to your future. The admissions require the scores of international exams like GMAT, TOEFL, IELTS, PTE & GRE, among others. You need to hold a bachelor’s degree to apply for an MBA abroad for Indian students with some years of work experience. The criteria are discussed briefly below:

Eligibility Criteria & Requirements

The eligibility criteria may vary from university to university, but the basic criteria are usually the same. In order to receive a positive response from these prestigious universities, go through the eligibility process mentioned below and ensure that you tick them all:

1. A basic eligibility criterion for MBA abroad for Indian students is holding a BBA degree or a bachelor’s degree in any relevant field.
2. A minimum of 3-5 years of work experience
3. The student must attempt and pass the language proficiency tests like TOEFL and IELTS
4. The student also has to appear and score the required marks to pass the GMAT examination

Cost of Doing An MBA Abroad 

The cost of pursuing an MBA abroad for Indian students is different for the respective countries you want to go to. The cost of studying MBA abroad in countries like the USA and the UK ranges from ₹60,00,000-₹65,00,000. At the same time, the cost of an MBA abroad for Indian students in countries like Australia & Ireland is ₹15,00,000-₹30,00,000. 

MBA Abroad vs MBA In India

So far we have talked about opportunities for MBA abroad for Indian students. However, if you are an Indian student, pursuing your master's in business administration might be more convenient in your homeland. India is filled to the brim with elite universities and sharp minds to show you the ropes of your desired profession. Which country is best for MBA for Indian students? Well, the answer just might be India!

Pros and Cons of MBA Abroad

As with everything in life, MBA abroad for Indian students has its own pros and cons. While the exposure you earn from an MBA from a country abroad may be unparalleled, the costs associated with it can be a major downside. Let’s explore some pros and cons you may face while studying abroad.

Pros and Cons of MBA in India

If you are a resident of India, adjusting to your university life may not be as difficult as studying abroad. India is no stranger to elite MBA institutes that offer the best education. However, it is crucial you consider all the pros and cons before you make your decision.

MBA Abroad Without GMAT

The GMAT is the premier exam one needs to take to pursue MBA abroad for Indian students. However, some institutes abroad offer you a place in their programs with a waiver on your GMAT exam. Keep in mind, this waiver is only offered to applicants with significantly higher work experience. These universities offer places based on your work experience, relevant essays, letters of recommendation, and more. Here are some of the universities that offer admission without a GMAT score.

MBA Abroad Scholarships

Pursuing an MBA abroad for Indian students is a dream come true. However, sometimes, the financial circumstances jump between our goals as one of the greatest obstacles. In such cases, you may take support from the below given top scholarships:

1. Ontario Graduate Scholarship
2. Debesh Kamal Scholarship
3. GREAT Scholarship
4. Go Clean Scholarship
5. Australia Awards Scholarship

After you complete your MBA, you can explore several job opportunities from top-notch companies known worldwide. Some of the best MBA colleges for Indian students abroad also offer distance learning and online study courses. You may enroll in the programs and enjoy the epitome of knowledge and aspirations from India. You can also read our blog on MBA in the UK vs MBA in the USA. Happy learning!