Fees Of MBA Abroad – Countrywise List

Fees Of MBA Abroad – Countrywise List

MBA has been and continues to be the most popular course. One of the primary reasons for this is that it opens up many career opportunities that pay well and has enormous growth and development opportunities. Many people who want to run a family business or go in the business line take an MBA as a course as it provides practical skills that help run a business. So it’s essential to choose the right place for pursuing an MBA degree.

However, it is also one of the costliest programmes to pursue abroad. So before applying for a business school abroad, you must calculate the MBA fees in top business schools worldwide and choose wisely.

Here we will discuss the cost of studying MBA in top business schools around the globe:

  • Study in UK

MBA fees in the USA

The USA is the most chosen destination by international students who aspire to pursue MBA abroad. The country has some of the best business schools like Harvard and Stanford. MBA in the country is for two years and include an internship during the summer months, which helps in providing students with great exposure and experience. The US is a hub of many multinational companies and businesses, allowing students to find a job there. While graduating from such reputed business schools provides you with tremendous opportunities, studying MBA in the USA could cost you a lot considering the living expenses and tuition fees of an MBA abroad.

UniversityDurationApproximate tuition fees
Stanford Graduate School of Business21 months$65,000
Tuck School of Business – Dartmouth College24 months$65,000
Booth School of Business – University of Chicago21 months$65,000
Kellogg School of Management – Northwestern University24 months$65,000
Harvard Business School24 months$60,000

MBA Fees in the UK

Besides the US, UK is one of the top destination countries for international students. When it comes to the banking sector, the UK is one of the leading nations and the top MBA graduates worldwide are recruited by top banks in the United Kingdom. MBA programs offered in the UK come with multiple internship programs that are aimed to make the students industry-ready by providing practical exposure. Like the business schools in the US, UK, too, is an expensive destination for business studies, with most schools charging upwards of $70,000.

UniversityDurationApproximate tuition Fees (EURO)
London Business School15 to 21 months10,200
Alliance Manchester Business School18 months60,000
Imperial College Business SchoolOne year65,000
University of OxfordOne year72,000
University of CambridgeOne year70,000

Exams for MBA Abroad: Complete Guide

MBA Fees in Canada

Canada is again a popular destination to explore both education and work opportunities. The country boasts of a list of quality business schools like Rotman School of Management and Ivey Business School, which feature almost all the world’s significant rankings. A majority of the full-time MBA programmes in Canada are less than two years in duration which also explains their low fees compared to other countries.

UniversityDurationApproximate tuition fees
Ivey Business School – University of Western OntarioTwo years$66,000
Desautels Faculty of Management – McGill University20 months$28,000(annual)
Sauder School of Business – University of British Columbia16 months$46,000
Rotman School of Management – University of TorontoTwo years$37,000(annual)
HEC MontréalOne year$23,000

MBA Fees in Australia

Australia is home to many top-ranked business schools globally, like the Melbourne Business School and the Sydney Business School. While Australia is considered to be one of the costliest study destinations for international students, the cost of studying for an MBA in Australia is, however, slightly lower than that of the US. On average, the annual MBA fees in business schools in Australia are around $55,000.

UniversityDurationApproximately tuition Fees
La Trobe Business School, La Trobe University1.5 year$35,000
College of Business and Economics, Australian National University ANUTwo years$55,000 (annual)
Melbourne Business School, The University of MelbourneI year$57,000
AGSM MBA, University of New South Wales16 months$55,000

MBA Fees in Singapore

Singapore has most of the business location in the country and is home to companies including DBS Bank and Singapore Airlines. Singapore is the first Asian country to make a list due to its growing infrastructure and economy.  Some universities allow students to work for 16-18 hours a week and have pretty flexible norms to pursue the degree. It has some of the best schools in management studies like INSEAD, the National University of Singapore and Nanyang Technological University. Moreover, Singapore business schools charge comparatively lower tuition fees than business schools in the USA or Australia, with the average tuition fees of an MBA abroad coming around $40,000.

UniversityDurationApproximately tuition fees
National University of Singapore (NUS)17 months$ 43,000
INSEADTen months$ 77,000
Nanyang Technological University (NTU)12 months$ 38,000
Singapore Management University (SMU)12 months$ 43,000

FAQs

1. Can I get scholarships to pursue MBA Abroad?

Yes, you can apply for a scholarship to study MBA abroad. There are various scholarships available such as Kellogg Scholarship, B.K Birla MBA scholarship etc. With good academic performance, you could apply for these scholarships, and they are available for both Indian and international students.

2. What is the cost to study MBA Abroad for Indian Students?

The average cost for an Indian student could range from INR 40 to 90 LPA. However, this range may vary according to the country, university and program you choose.