MBA has become a popular course among youngsters who want to make a career in the business field. To do that, they are required to do MBA from the world’s top institutes for MBA.
No matter, for that they have to migrate to an abroad country. But now the question arrives, “How to study MBA from abroad for Indian students?”
Don’t worry! If you are also one of those, who don’t know how to study an MBA from an abroad country, then you are at the right place.
Here, I will explain everything students must know about studying MBA from an abroad university.
I will discuss the eligibility criteria for an MBA, how to select an ideal MBA course, the cost of studying for an MBA from abroad, and the top universities students can choose from.
Eligibility Criteria To Study MBA From Abroad For Indian Students
Once you decide to study MBA from abroad, It is important to know the eligibility criteria you must fulfill to study MBA from abroad.
Bachelor’s Degree Certificate
To pursue MBA, the student should complete their bachelor’s degree at any recognized university with an accredited grade.
Bachelor’s degree is the minimum qualification to pursue an MBA degree, as it ensures that students have enough knowledge in mathematics, statistics, and economics.
So most of the institutions require students with a bachelor’s degree or any other equivalent course.
This is the first eligibility for MBA from abroad for Indian students.
Work Experience
Work experience is not an important requirement for students studying MBA abroad. It gives you an added advantage when you apply for a top-ranked university.
And also gives you diversity in the classroom and a special insight into everyone as you have practical work knowledge. But some MBA programs require a work experience certificate when you apply.
This is the second eligibility for MBA from abroad for Indian students.
Competitive Exams (GMAT Or GRE)
Competitive exams like GMAT or GRE scores are major in the application process. The GMAT (Graduate Management Admission Test) is a standardized exam evaluating a student’s critical thinking, problem-solving, and data analysis capacity.
Another standardized test, the GRE (Graduate Record Examination), gauges verbal, quantitative, and analytical writing abilities. So finally, all the institutions require GMAT or GRE scores when you apply for an MBA program as they consider it as a student’s academic ability.
English Proficiency Test (TOEFL, IELTS)
Any English proficiency test like TOEFL, IELTS, or PTE is a requirement for an International MBA student during the application process. The TOEFL and IELTS tests are considered standard English proficiency tests.
These scores are important so that the institution you apply to ensures that you can succeed in English speaking institution. The TOEFL or IELTS scores vary from university to university. So the candidates should take a look and analyze the scores before applying to the universities.
Letter Of Recommendations
Most MBA programs require the students to submit their letters of recommendation. An educational institution or place of employment gives a letter of recommendation.
Through the letter of recommendation, the institution you apply to ensures the candidate has enough potential to succeed in the program.
Student Visa
Once you are selected for any institution abroad, you will need a student visa to study there. The visa application process is time-consuming. So start it earlier as soon as possible.
If you want to know about MBA Scholarship For Indian Students, read our other blog.
How To Select A Ideal MBA Program
After knowing the eligibility criteria for MBA from abroad for Indian students, here are some things you need to consider to choose an ideal MBA program.
Choosing the correct program is one of the most important choices you’ll have to make when pursuing an MBA abroad. Before deciding, take these things into account:
Reputation
Choose a course that has a positive reputation in the business community. Look for rankings from reliable sources like the Financial Times and the Economist.
A thorough curriculum should include courses that teach the skills required to succeed in the business world.
Faculty
The professors have to be knowledgeable and well-respected in their professions.
Location
Consider how the university’s location may affect your job options.
Cost
Calculate the program’s overall cost, considering tuition, living, and travel expenses. Students should keep it in mind while applying for an MBA program abroad.
To get information about Which Country Is Best For MBA, read our other blog.
Cost Of Studying MBA From Abroad For Indian Students
The cost of studying abroad may vary depending on the universities you choose, the location, the country, and the duration of the program.
Tuition fee
Depending on the program and the school, the cost of an MBA program overseas might range from $20,000 to over $100,000 annually.
For instance, the cost of an MBA program at an Ivy League university in the USA can exceed $100,000 per year.
Numerous other good MBA programs are offered in other countries at lower costs, so you can choose one that fits your budget.
Living Expenses
In addition to tuition costs, students should also budget for living costs like lodging, food, transportation, and other costs.
Living expenses may vary with the country and the location you choose. For example, the average living cost in the USA is $3,480 per month, the average living cost in the UK is $2,814.31 per month, the average living cost in Canada is $2,529.83, and the average living cost in Australia is $2,594.92.
All the cost is given in USD (United State Dollar).
Top 50 MBA Universities In Abroad
Here are the top 50 MBA universities according to the QS world university ranking.
- Stanford Graduate School of Business (USA)
- Harvard Business School (USA)
- Penn (Wharton) (USA)
- HEC Paris (France)
- London Business School (UK)
- MIT (Sloan) (USA)
- IE Business School (Spain)
- Columbia Business School (USA)
- INSEAD (France)
- IESE Business School (Spain)
- UC Berkeley (Haas) (USA)
- Cambridge (Judge) (USA)
- Chicago (Booth) (USA)
- Northwestern (Kellogg) (USA)
- UCLA (Anderson) (USA)
- Oxford (Said) (UK)
- Esade Business School (Spain)
- Yale School of Management (USA)
- NYU (Stern) (USA)
- Michigan (Ross) (USA)
- Imperial College Business School (UK)
- SDA Bocconi (Italy)
- Duke (Fuqua) (USA)
- Copenhagen Business School (Denmark)
- IMD (Switzerland)
- National University of Singapore (NUS) (Singapore)
- Melbourne Business School (Australia)
- ESSEC Business School (France)
- Tsinghua University (China)
- Erasmus (RSM) (Netherlands)
- UNSW (AGSM) (Australia)
- Nanyang NTU Singapore (Singapore)
- Boston (Questrom) (USA)
- Cornell (Johnson) (USA)
- Warwick Business School (UK)
- USC (Marshall) (USA)
- CEIBS (China)
- University of Hong Kong (Hong Kong)
- Carnegie Mellon (Tepper) (USA)
- Texas (McCombs) (USA)
- Toronto (Rotman) (Canada)
- Indiana (Kelley) (USA)
- Mannheim Business School (Germany)
- IIM Ahmedabad (India)
- EDHEC Business School (France)
- Frankfurt School of Finance & Management (Germany)
- Manchester (Alliance) (UK)
- ESCP Europe (France)
- HKUST (Hong Kong)
- Indian Institute of Management (IIM) Bangalore (India)
Read our other blog to know the best MBA Colleges In UK.
Conclusion
In this blog, we have explained everything you need to know about MBA from abroad for Indian students.
Getting an MBA abroad might be a great way for Indian students to develop important abilities, information, and experience.
But it necessitates thorough planning, investigation, and preparedness. To get the most out of their MBA education abroad, Indian students should consider program selection, finances, cultural differences, and networking opportunities.
We hope we have cleared all your queries and questions about MBA from abroad for Indian students; if you still have any queries left, contact our experts.
You can contact our experts if you need any guidance related to studying abroad or have any queries related to this blog.
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FAQs
Why study MBA abroad?
Studying MBA abroad can give you a global perspective, exposure to diverse cultures, and a chance to learn from world-class faculty. It can also help you build a strong international network and improve your career prospects.
Who can study MBA abroad?
Anyone who meets the eligibility criteria can study MBA abroad. However, most universities require applicants to have a bachelor’s degree, work experience, and a good GMAT/GRE score. Additionally, international students may need to meet language proficiency requirements and obtain a student visa.
Is MBA in abroad good for Indian students?
Yes, it is better to do an MBA from an abroad university, as students have better career opportunities after completing their MBA from a top university abroad.
Which foreign country has cheapest MBA for Indian students?
Norway and Germany, both countries are known for their quality of education and are the two countries that provide MBA courses to students without affecting their pocket.
