MBA Abroad - Benefits, Eligibility, Fees, and Top Colleges

MBA Abroad – Benefits, Eligibility, Fees, and Top Colleges

The Masters of Business Administration (MBA) is a postgraduate degree program that provides candidates with global prospects. MBA programs offered in other countries are among the most popular. Students receive a strong foundation in business essentials such as accounting, marketing, finance, management, business ethics, strategy, and human resources through an intensive MBA program.

Although India has multiple top-rated MBA colleges, people still prefer to do their MBA abroad. Several considerations, such as fierce competition in India and the vast array of options offered by foreign countries, push students to pursue an MBA abroad. Another advantage is that MBA colleges overseas provide a worldwide and diverse class composition, resulting in a lifelong, global network of friends. Aspirants to get an MBA in another country will have a plethora of professional and business prospects. Let us now go over a few reasons why an MBA overseas is helpful for Indian students.

Why Study MBA Abroad?

Obtaining your MBA while studying abroad would give you a globally recognized degree and work opportunities with better financial prospects in another country. Below is a non-exhaustive list of reasons why an MBA overseas can be helpful for Indian students.

Globally Recognized Colleges

Pursuing an MBA abroad allows you to complete your studies in leading economically developed countries such as the United Kingdom, the United States, Australia, Germany, and many more.

Varied Specializations

Marketing, management, accounting, and other MBA specialties are available at the best MBA programs overseas. These specialties can be studied part-time, full-time, or even entirely online, depending on your preferences.

Practical Approach

MBA programs in other countries are meant to emphasize the practical aspects and applications of business. Due to the better application of the material taught during the MBA, it will be easier for you to transition successfully into the professional world.

Global Job Opportunities 

Pursuing an MBA while studying abroad expands your job opportunities significantly. It gives you the chance to work for some of the world’s most prominent companies. After completing your MBA program overseas, you will be an ideal candidate for firms such as Google, Amazon, Intel, Apple, and others, which will allow you to work in any geographic region as part of their graduate recruitment program.

Networking Opportunities

MBA students who study overseas are exposed to multiple chances such as networking with people from other backgrounds, possible employers, and other experts in their industries. Students may take advantage of future opportunities due to their exposure to such a dynamic network.

Many Funding Options

Because of the high demand for MBA abroad for Indian students, many MBA scholarships are available for assistance.

List of Scholarships to Study MBA Abroad

MBA Abroad: Eligibility and Requirements

A Bachelor’s degree from an Indian university is a must to apply for an MBA college abroad. You may get some extra points in the admission procedure if your Bachelor’s degree is from a reputed college like an IIT, SRCC, etc. Some MBA colleges abroad also require work experience. So, it is advised to check the eligibility criteria before applying to top MBA colleges abroad. We have listed down a few general eligibility guidelines that Indian students must be aware of if they wish to pursue an MBA abroad:

MBA Entry Requirements in the U.S.

Standard admission requirements for best colleges for MBA abroad in American business schools:

  • Four-year Bachelor’s degree from a U.S. institution or its international equivalent
  • Resume
  • Personal Statement
  • Minimum of two to three years of work experience
  • Two professional letters of recommendation
  • GMAT score over 600
  • English proficiency test results. (TOEFL is the most commonly required test. TOEFL minimum scores: 550-600 for paper-based and 213-250 for computer-based)

Some top MBA colleges abroad may accept candidates without work experience, but their first preference is candidates with professional backgrounds. 

MBA Entry Requirements in Europe

Standard admission requirements for best colleges for MBA abroad in European business schools:

  • A Bachelor’s degree or equivalent
  • At least three years full-time work experience
  • GMAT, GRE or pass university/college admissions test
  • English language certificate (knowledge of a second language is a plus)
  • English proficiency test results. (TOEFL and IELTS are the most preferred)

Some of the best MBA programs in the world value outstanding professional accomplishments over work experience duration. If you are confident in your professional accomplishments, a lack of work experience should not deter you from obtaining an MBA overseas.

Fees for MBA Abroad – Countrywise List

Best MBA Colleges Abroad

Here are the five best MBA colleges abroad for Indian students:

RankInstitutionLocationDuration Total Fees (USD) (approx)
London Business SchoolUnited Kingdom15-21 Months127,617
2Harvard Business SchoolUnited States2 Years157,136
3Wharton Business schoolUnited States20 months (including a 3.5-month summer internship)228,864
4INSEADFrance10 Months135,000
5Stanford Graduate School of BusinessUnited States2 Years132,900
London Business School

The London Business School is ranked first among the finest MBA abroad colleges because it gives a solid and analytical foundation in the procedures needed for a successful profession. It also allows students to tailor their MBA abroad programs to their career objectives. It has customizable core courses, flexible exit points, 50+ electives, and various applied learning experiences. The MBA program is as flexible as possible.

Access to a global professional network and top recruiters can help you advance your career. In addition, 91% of London Business School alumni receive a job offer within four months after completing their MBA overseas.

Harvard Business School

Harvard Business School offers a full-time MBA program that lasts two years. Their MBA program emphasizes practical experience and a general management curriculum. Your peers, coworkers, and professors will push you to achieve your goals faster.

Because it focuses on lifetime learning and career support, it is one of the finest MBA abroad colleges for Indian students. Students at this MBA institution in another country can apply what they’ve learned in independent studies and experience field activities to develop a practical understanding of their field. Within a year of completing their MBA overseas, about 95% of Harvard Business School graduates had found work.

Wharton Business School

Wharton Business School’s MBA program provides an intensive and flexible business education core. Because it offers 19 majors and approximately 200 electives, it is one of the finest MBA abroad colleges. You can personalize your education by choosing your majors, electives, and majors.

Faculty members at this MBA program in another country assist students by posing scenarios and encouraging them to lead with strategic thinking. Wharton’s faculty members are experts in their specialties, and their combined knowledge makes Wharton one of the best MBA abroad schools.

INSEAD

INSEAD is one of the most outstanding MBA programs globally, with a 10-month accelerated program that prepares exceptional entrepreneurs and leaders. This MBA abroad university’s MBA program is led by knowledgeable and experienced instructors. Professors at INSEAD in France are distinguished for their research rigor and relevance.

INSEAD’s Profession Development Centre assists students in establishing a life-long career, whether they wish to study an MBA overseas to achieve predetermined career goals or to discover their genuine career passion. Within three months of completing their degree, 92 percent of INSEAD students find work.

Stanford Graduate School of Business

The Stanford MBA Program is a full-time program in which you will get instruction from world-class instructors, industry professionals, and guest speakers. Through case studies, prototyping, seminars, hands-on experiences, versatile teams, and project-based courses, these top MBA abroad schools provide remarkable classroom experiences.

Learn the most up-to-date leadership and business principles while collaborating and innovating with accomplished students worldwide, knowledgeable teachers, and industry experts. In addition, 91% of students from this top MBA abroad program receive employment offers within three months of graduation.

Conclusion

Every business administration student aspires to study at one of the best MBA colleges in the world. If you’re considering an MBA overseas, make sure to consider the program’s merits in terms of your professional goals. You must first determine your objectives and how an MBA from another country can assist you in reaching them.

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