A Master of Business Administration or MBA is one of the most sought-after post-graduate programs for students and working professionals. Studying MBA program helps students to build a robust career path and aids professionals in climbing the corporate ladder by gaining leadership skills. Along with these benefits, aspirants also gain international exposure if they choose to pursue an MBA degree from a study abroad destination. So, if you want to know the best country for MBA for Indian students, this guide will help you.

Key Highlights

• 5 best countries for MBA
• The United States of America (USA)
• The United Kingdom (UK)
• Canada
• Germany
• Australia

• Eligibility criteria for MBA abroad
• Conclusion

5 best countries for MBA

The United States of America (USA): The US is the best country to study MBA as it has top-notch business schools offering quality education and state-of-the-art infrastructure facilities, ensuring a high employability ratio. Did you know MBA graduates grab some of the highest-paying jobs in the US? For instance, recent US News Data suggests MBA graduates from Harvard Business School, Massachusetts, reported the highest average salary and bonus of ~USD 1,98,000 (~ INR 1.6 crores). So, you can consider these top business schools in the US for pursuing an MBA degree program:

• Harvard Business School
• Stanford Graduate School of Business
• MIT Sloan School of Management
• Columbia Business School
• Wharton School of the University of Pennsylvania

 

The United Kingdom (UK): The UK is the second most preferred overseas destination for pursuing a 1-year MBA program. The average tuition is Є35,000 to Є58,000 (~INR 31 lakhs to INR 52 lakhs). London has gained the top rank as the world’s most attractive financial centre in 2023. Many top B-schools are located in London, thereby making the UK an attractive destination to study MBA. Some of the top-ranked management schools offering MBA programs in various specialisations are as follows:

• London Business School
• Imperial College Business School
• Said Business School
• Cambridge Judge Business School
• The University of Chicago Booth School of Business

 

Canada: As per QS Global MBA rankings 2023, 6 out of the top 100 B-schools are located in Canada. Employment opportunities in the USA are highly rewarding, especially in industries like mining, healthcare, manufacturing, and IT, to name a few. Lucrative job opportunities and a welcoming environment attract international students. The best management schools worth considering are:

• Rotman School of Management
• Ivey Business School
• Desautels Faculty of Management
• Smith School of Business
• UBC Sauder School of Business

 

Germany: To study MBA from a German university is like the best of both worlds - gaining world-class management education at affordable fees. German universities with sterling academic reputations offer full-time, part-time, online and executive MBA programs with a course duration of 12-24 months. Moreover, students can unlock attractive job opportunities at top-notch companies like Siemens, Bosch, Volkswagen, etc., post-completion of the course. The top MBA colleges in Germany are as follows:

• Mannheim Business School
• The European School of Management & Technology (ESMT)
• Frankfurt School of Finance & Management
• Munich Business School
• Technical University of Munich

 

Australia: Another English-speaking destination, Australia, is considered an excellent choice for studying MBA program. Prestigious B-schools offering high-end research opportunities make Management one of the most popular fields of study. Over 30 universities offer an MBA program in different specialisations in the country. The most popular universities are:

• Melbourne Business School
• Monash Business School
• Macquarie Business School
• UQ Business School
• Australian Graduate School of Management

 

Eligibility criteria for MBA abroad

• Academic requirements: Students must have completed a bachelor’s degree from a reputed university with good grades.
• MBA entrance exam: International universities require you to take standardised tests like Graduate Record Examinations (GRE) or Graduate Management Admission Test (GMAT).
• English proficiency test: You need to appear for exams like the International English Language Testing System (IELTS), Test of English as a Foreign Language (TOEFL) or Pearson Test of English (PTE).
• Application requirements: Students should submit their duly filled application form after attaching necessary documents like Letters of Recommendation, Resume, Statement of Purpose, etc.

 

Students are advised to check the university and course-specific guidelines before applying to the MBA program.

So, boost your career by pursuing an MBA degree from your preferred study abroad destination. If financial worries are stopping you from chasing your academic aspirations, opt for an education loan. At Avanse Financial Services, we offer study loans for business management and other programs. Kindly connect with us today to know in detail about an education loan for study abroad programs.