A Master of Business Administration (MBA) is a 1-3 year program equipping students with essential business management practices and skills to make them career-ready. So, if you are planning to enrol in an MBA program, this guide is for you.

Key Highlights

• Benefits of pursuing MBA abroad for Indian students
• Best countries to study MBA abroad
• Best MBA colleges abroad
• Best MBA colleges for Indian students without work experience
• MBA abroad eligibility criteria
• MBA abroad fees

Benefits of pursuing MBA abroad for Indian students

• Pursuing an MBA abroad will impart advanced business management knowledge and techniques that help solve new-age business problems efficiently.
• Studying an MBA program from a reputed B-school ensures career advancement and unlocks higher earning potential.
• You can pursue this course in various specialisations, such as Management Information Systems, International Business, Business Analytics, Entrepreneurship, Strategic Management, etc.
• Studying MBA in foreign countries gives you a chance to build a professional network and unlock global job opportunities in the future.

Also Read: Complete Guide To Study Abroad

Best countries to study MBA abroad

Here’s a list of the top 5 countries that you can consider for pursuing an MBA program:

• The United States of America :

  The USA is one of the most expensive and popular overseas destinations for an MBA program. The presence of prestigious universities leads to a world-class education and increases the quality and quantity of job opportunities.

• The United Kingdom :

  Esteemed educational institutions, 1-year course duration, and a range of MBA specialisations are some factors that make the UK an attractive option for pursuing management programs.

• Canada :

  Canada is an academic hotspot that offers several master’s study programs, including an MBA. Excellent education system, student-friendly visa policies, and internationally recognised degrees encourage students to choose Canada as their educational destination.

• Australia :

  Factors like a job-oriented curriculum, diverse culture, and strong economy offering ample job opportunities to MBA graduates make it a leading destination to enrol for an MBA program.

• Netherlands :

  World-class institutions offering quality education, exciting job opportunities, and quality life are some reasons that attract students to the Netherlands.

Also Read: All you need to know before pursuing an MBA degree in London

Also Read: Top business schools in the UK

Best MBA colleges for Indian students without work experience

You can pursue an MBA degree from some universities in countries like the UK, USA, Australia, etc., without work experience. However, it is necessary to have a strong GMAT score, a well-written Statement of Purpose, and good academic records to meet the required eligibility criteria. The reputed colleges offering admission to an MBA program without work experience are as follows:

• Stanford Graduate School of Business, Stanford University, the USA
• Wharton School of the University of Pennsylvania, the USA
• Thompson Rivers University, Canada
• University of Northampton, the UK

MBA abroad eligibility criteria

Here is a list of MBA abroad for Indian students requirements:

• A bachelor’s degree in business or a related field from a recognised university
• Academic transcripts (degrees and certificates)
• English language exams such as the International English Language Testing System (IELTS) or Test of English as a Foreign Language (TOEFL)
• Graduate Record Examinations (GRE)/Graduate Management Admission Test (GMAT)
• Letters of recommendation
• Statement of Purpose
• Work experience (not mandatory)
• Resume

Also Read: All you need to know about MBA in HR Management

MBA abroad fees

MBA abroad for Indian student fees may vary based on factors like your study abroad destination, specialisation, etc. However, the annual tuition fees of an MBA program range from ∼INR 17,00,000 to ∼INR 50,00,000.

So, if you are planning to study an MBA abroad but are facing financial hiccups, apply for an education loan for studying abroad purposes. At Avanse Financial Services, we offer customised education loans with benefits like 100% finance, multiple repayment options, and quick loan sanctions. To know how to use an EMI calculator for an education loan, get in touch with us today.