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Education, Study Abroad

It is a very big decision to decide to study MBA. It demands not only the investment of money and time, but it can also be a life-changing decision. 

Students need to choose the right MBA program, as the demands of a degree like an MBA have gained very much popularity because of the new and top growing organization’s network. 

Now the question that first comes to the mind of students when they decide to pursue an MBA is which country is best for MBA. 

But because of the number of options in front of you, it can be a difficult decision for you to choose the right country to study MBA. To help you find the best country to pursue the MBA course, we have created a list of countries to choose the right country.

Which Country Is Best For MBA?

Here is the list of the top 5 Countries that you can consider to pursue an MBA course. Look at the list below to find the answer to the question, “which country is best for MBA?”

United States

One of the dream countries to pursue an MBA for many students is the United States. The USA is the home of many top business institutes. And students have a number of programs for a course to choose from. 

The USA is a great place to learn about the corporate world and gain experience in this field. The reason behind this is that the USA is the home of some of the biggest and most successful businesses in the world. 

If we talk about the scholarship, different MBA scholarships and financial help options are available in the USA, making it more affordable for international students to enroll.

The MBA from the USA is a 2 years program, including an internship during the summer breaks.

Below let’s look at the average tuition fees for an MBA course and the average annual salary of an MBA graduate.

Average One Year Fees$50,000 – $60.000 per year (Depending upon the institute)
Average Salary Of An MBA Graduate (Yearly)$100k annually 

Top universities for MBA in the USA:

  • Stanford Graduate School of Business
  • Harvard Business School
  • Penn (Wharton)
  • Stanford Graduate School of Business
  • Kellogg School of Management – Northwestern University
  • Columbia Business School
  • Tuck School of Business- Dartmouth College.
  • University of Chicago
  • MIT Sloan
  • HAAS School of Business

Top hiring firms in the USA:

  • Apple,
  • Exxon Mobil
  • Google
  • Microsoft
  • Johnson & Johnson

Our other blog, “Top & Best 10 MBA Colleges In USA You Should Know,” may also be helpful for you if you want to study MBA from USA.

United Kingdom

The second best country on the list of which country is best for MBA is the UK. The UK is also the home of many top institutes for business, including London Business School. Financial Times ranked the London Business School 1st in Europe and 4th globally. 

There are numerous MBA programs to choose from in the UK. You can choose any of these programs according to your interest and need. 

The UK is your place if you are searching for world-class education and the opportunity to launch a good career in corporate marketing. 

Below let’s look at the average tuition fees for an MBA course and the average annual salary of an MBA graduate in the UK.

Average One Year Fees£18,000 – £22,000 (Depending upon the institute)
Average Salary Of An MBA Graduate (Yearly)$70k – $80k annually (USD)

Top universities for MBA in the UK:

  • London Business School
  • Chicago (Booth)
  • Imperial College Business School
  • University of Oxford
  • University of Cambridge
  • University of Warwick
  • Lancaster University
  • Said Business School
  • Imperial College London

Top hiring firms in the UK:

  • McKinsey & Company
  • AmazonBoston
  • Consulting Group
  • Bain & Company
  • Johnson & Johnson
  •  Google

You should also need to look at our other blog, “10 Best MBA Colleges In UK You Should Know.”

Canada

The third country on the list of the best countries to pursue MBA is Canada. One of the main reasons to choose Canada for an MBA course is that Canadian business institutes are highly ranked and respected worldwide.

Also, the living and tuition costs in Canada for an MBA course are lower when compared to other countries. Canada is an easy place for international students to adjust to because of its convenient location and friendly culture.

Below let’s look at the average tuition fees for an MBA course and the average annual salary of an MBA graduate in Canada.

Average One Year FeesCAD 30,000 – 40,000 (Depending upon the institute)
Average Salary Of An MBA Graduate (Yearly)CAD 120k – 130k annually 

Top universities for MBA in Canada:

  • Western (Ivey)
  • McGill (Desautels)
  • Ivey Business School
  • HEC Montreal
  • York University’s Schulich School of Business
  • Queen’s School of Business, Queen’s University
  • University of Toronto: Rotman School
  • Desautels School, McGill University
  • Sauder Business School, University of British Columbia
  • University of Alberta

Top hiring firms in Canada:

  • Apple
  • Bain & Company
  • Facebook
  • BCG
  • Deloitte
  • Citigroup

Australia

If your query about which country is best for MBA is still not cleared yet, then here is the fourth country for pursuing MBA. Australia is also considered a good choice by MBA students for MBA courses. 

The main reason to choose Australia for an MBA course is quality education from the top institutes. Also, if you are searching for a quality life, Australia must be at the top of your list. 

If you are from India, you will find similar weather in Australia, with a strong Indian community and a relaxed life.

Below let’s look at the average tuition fees for an MBA course and the average annual salary of an MBA graduate in Australia.

Average One Year FeesAUD 60k (Depending upon the institute)
Average Salary Of An MBA Graduate (Yearly)AUD 110k – 120k annually 

Top universities for MBA in Australia:

  • Melbourne Business School
  • Macquarie Business School
  • UQ Business School
  • College of Business and Economics
  • Australian National University
  • Melbourne Business School
  • The University of Melbourne
  • AGSM MBA
  • The University of New South Wales
  • UQ Business School
  • University of Queensland
  • Monash Business School
  • Monash University

Top hiring firms in Australia:

  • ANZ Banking Corporation
  • Commonwealth Bank of Australia
  • Accenture
  • Telstra Corporation Ltd
  • Wesfarmers
  • Qantas
  • CIMIC Group
  • Deloitte Australia

Our other blog, “5 Best MBA Colleges in Australia in 2023,” may be helpful for you if you are planning to pursue MBA from Australia.

Germany

One of the best options for studying MBA programs is B-Schools (Business schools) in Germany. Here students can get a chance to work with world-known organizations such as BMW, Mercedes-Benz, and Siemens.

Below let’s look at the average tuition fees for an MBA course and the average annual salary of an MBA graduate in Germany.

Average One Year Fees$3,860 – $49,990 (USD) (Depending upon the institute)
Average Salary Of An MBA Graduate (Yearly)€70k – €80k annually 

Top universities for MBA in Germany:

  • Manheim Business School
  • ESMT Berlin
  • WHU – Otto Beisheim School of Management,
  • Frankfurt School of Finance and Management
  • HHL Leipzig Graduate School of Management
  • University of Cologne
  • Munich Business School
  • EU Business School

Top hiring firms in Germany:

  • Accenture
  • Bosch
  • SAP
  • Siemens
  • Allianz
  • Munich Re
  • Volvo
  • Daimler
  • Porsche
  • BMW

Conclusion

In this blog, we have discussed which country is best for MBA program. We have explained the five top countries from which you can choose any one according to your interest and needs. 

We have explained the average one-year tuition fees for MBA and the average salary an MBA graduate can earn. 

We have provided the top universities for MBA programs and top hiring companies in these 5 nations.

We hope we have cleared all your queries about which country is best for MBA. For more content like this, keep visiting CourseMentor™.

FAQs

Which country is best for MBA for free?

Germany and Norway are the cheapest nations to study for an MBA program. When you compare the cost of an MBA program there to any other location, you will find a huge difference.

Which MBA gives the highest salary?

Here are the 3 most paid MBA courses:

MBA in Business Analytics
MBA in Finance
MBA in Entrepreneurship