MBA Abroad – Eligibility, Program, Schools, Fee, Deadlines

Highlights of MBA Abroad

• As per statistics, there is a total of 930 (approx.) MBA universities abroad.

•  Six countries are considered the best to study MBA abroad, including the USA, UK, Canada, Australia, Germany, and Singapore.

• GMAC report states that from 960 recruiters, 91% aim at hiring USA’s MBA graduates.

• Each school has different eligibility criteria and admission processes. Check it out. 

• Some colleges demand GMAT or GRE, but some allow you to apply for a GMAT waiver.  

• MBA Abroad fees can go up from USD 100,000 to USD 200,000.

• As MBA from abroad cost is pretty high, they also offer scholarships on the basis of merit and need-based. 

• These are the top specialization considered abroad, General Management, Finance, Human Resources, Accounting, etc.

 

 

WHY PURSUE AN MBA FROM ABROAD?

• Global Recognition

You get global recognition when you do your MBA from top economically developed countries like the USA, Canada, the UK, Australia, Germany, and others. You get new perspectives and exchange knowledge through their culture, values, and community. 

• Great Networking Opportunities

Being exposed to a broader community gives you an opportunity to build relationships with other professionals in the classroom with diverse backgrounds, faculties, potential employers, and beyond. This dynamic network will help you to unlock potential opportunities in the future. Just be ready to dive deep to understand the dynamic changes in the corporate environment and observe new ways to adapt fast.

• Wide Variety of Specializations

MBA Abroad offers you a wide variety of specializations so that you can explore each and every area and then discover your interest. You can opt for full-time, part-time, online, and distance modes to pursue these specializations at your convenience.  

• Practical Perspective

The very interesting thing about MBA Abroad is its curriculum. It is designed in a way to give students a practical approach that will help them to face business challenges in the future. 

• Brilliant Career Prospects

MBA from Abroad can be an asset in any industry, from energy to consumer products to start-ups, because the school provides the education and skills that are needed to prove your candidacy. Even if your background is not related to the positions you are applying for, an international MBA degree can open doors to the positions like CXO or top entrepreneurial roles. 

• High Earning Potential

Recent statistics state that MBA graduates from top b-schools pay higher than an MBA from normal b-schools. This is because the students are trained in management and leadership skills which are very attractive to employers. They want students who are an all-rounder in any area.

• Scholarship Opportunities

As international degree cost is pretty high, they offer various scholarship opportunities on the basis of need-based and merit-based. They don’t want students to restrict themselves due to financial burdens. 

• Holistic Development

Getting an MBA degree internationally gives students holistic development. The only motive is to challenge students constantly so that they can learn and hone their skills in every area. This helps them to develop an understanding of the dynamics of the business world.

 

TOP 15 MBA UNIVERSITIES ABROAD BY QS RANKINGS

 

MBA in Foreign UniversitiesRegionQS Ranking (MBA) as per 2023

Stanford Graduate School of BusinessStanford (CA), United States1

Harvard Business SchoolBoston (MA), United States2

Penn (Wharton)Philadelphia (PA), United States3

HEC ParisJouy en Josas, France4

London Business SchoolLondon, United Kingdom5

MIT (Sloan)Cambridge (MA), United States6

IE Business SchoolMadrid, Spain7

Columbia Business SchoolNew York (NY), United States8

 

TOP 15 MBA UNIVERSITIES ABROAD BY THE RANKING

 

MBA in Foreign UniversitiesRegionTHE Ranking (Business) as per 2023

Massachusetts Institute of TechnologyUS1

Stanford UniversityUS2

University of OxfordUK3

Harvard UniversityUS4

The University of ChicagoUS5

University of CambridgeUK6

University of California, BerkeleyUS7

Tsinghua UniversityChina8

Yale UniversityUK9

London School of Economics and Political ScienceUK10

Columbia UniversityUS11

National University of SingaporeSingapore11

University of PennsylvaniaUS13

Northwestern UniversityUS14

Peking UniversityChina15

 

TYPES OF MBA PROGRAMMES ABROAD

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• Full-time MBA Program

This full-time program is of two-year, which help students enhance their credibility and marketability as corporate professionals. They fill the gap between theoretical and practical knowledge. 

• Part-time MBA Program

This program allows you to work and study simultaneously so that you can apply your learnings at your work too. The timings of the classes are very flexible, which is weekends or evenings, so that you can work at your regular times.

• Online MBA Program

Here, the students have the advantage of attending their classes via the internet and doing something simultaneously to enhance their skills.  A wide variety of colleges and universities around the world offer online MBA degrees. We have given down the list below.

 

THE EXAM REQUIRED TO STUDY ABROAD

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Most schools asks you to give GMAT or GRE to clear the admission process. You can attempt this exam a maximum of 5 times a year. GMAT analyzes students’ ability in quantitative aptitude, analytical writing, critical reasoning, and sentence correction. 

If you are an international applicant, then you need to give an English proficiency test, including,  IELTS, TOEFL, and PTE. 

 

MBA ABROAD REQUIREMENTS & ELIGIBILITY

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• Official transcripts from all institutions, undergraduate and graduate.

• You need to give GMAT or GRE (if required) 

• English proficiency exams are required for international students like IELTS, TOEFL, PTE, and DUOLINGO.

• Statement of Purpose (SOP)

• Letter of Recommendation (LORs).

• Resume (if required)

• Valid national transport

• Visa

• Essays

• MBA interview

 

MBA ABROAD WITHOUT GMAT

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You can apply for a GMAT waiver letter where you can forgo a test, but you must be confident enough to show adcoms your abilities and have met the eligibility criteria in terms of work experience, degrees, academic history, or other conditions. 

We have listed down the table of top universities where you do not require to give the GMAT, along with the country and average fees.

B-school NameCountryAverage Fees (USD)

Kellogg School of ManagementUSA92,137

Anderson School of BusinessUSA59,228

Kenan-Flagler BusinessUSA60,331

Sobey School of BusinessCanada28,405

Lazaridis School of Business and EconomicsCanada30,018

Schulich School of BusinessCanada35,503

Australian National UniversityAustralia30,052

Monash UniversityAustralia27,083

Macquarie Graduate School of ManagementAustralia24,620

Melbourne Business SchoolAustralia55,129

 

MBA ABROAD WITHOUT WORK EXPERIENCE

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You can apply to the school application process without work experience, but you must have a strong GMAT, a good academic record, and, a strong personal letter. 

B-school NameCountryAverage Fees (USD)

Chicago Booth School of BusinessUSA77,841

Haas School of BusinessUSA58,810

University of NorthamptonUK17,442

The University of West LondonUK15,373

Coventry UniversityUk18,591

Monash University-Graduate School of BusinessAustralia27,617

Graduate School of Business and Law, RMITAustralia30,236

The University of WindsorAustralia18,830

Thompson Rivers UniversityCanada20,856

Brock UniversityCanada20,978

 

MBA ABROAD: SUBJECTS

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We have listed down the table below that shows the general MBA Syllabus for MBA abroad, but it might vary according to the country, and university.  

Year 1 (Fall Semester)Year 1(Spring Semester)

Finance 1Finance 2

Financial Reporting and ControlBusiness, Government, and the International Economy

Leadership & Organizational BehaviorStrategy

MarketingThe Entrepreneurial Manager

Technology & Operations ManagementLeadership and Corporate Accountability

Interpersonal Skills Development LabFIELD Global Immersion

Short Intensive Programs–

Year 2 (Electives)

Accounting and ManagementBusiness, Government & the International Economy

FinanceEntrepreneurial Management

General ManagementNegotiation, Organizations & Markets

MarketingOrganizational Behavior

StrategyTechnology & Operations Management

 

MBA ABROAD SYLLABUS: CORE SUBJECTS

 

These are the core subjects, but the quality level may differ. 

Customer RelationsBusiness Research

Customer BehaviourAccounting & Finance

Business ManagementEntrepreneurship

Entrepreneurship ProjectStrategic Management

Marketing ManagementContemporary Management

Business EconomicsHuman Resource Management

Operational ManagementManagerial Economics

Business Law and EthicsApplied Statistics

 

MBA ABROAD SYLLABUS: ELECTIVE SUBJECTS

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Managing MarketsAdvanced Finance

InsuranceData Analytics

StrategyCorporate Sustainability Strategy

Basic Excel for Data ManagementRisk Management

International Insurance LawsIntegrated Reporting

The elective subjects vary depending on the college you applied for, but we have provided you the common elective subjects. 

 

MBA Abroad Specialization

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Students, after completing their graduate degree, can apply for this program at abroad universities. The MBA degree is available in:

General ManagementMarketingInternational Business

Supply ChainHealthcare ManagementProject Management

HospitalityHuman ResourcesEconomics

HealthcareAccountingEntrepreneurship

FinanceBusiness (others)Media Management

Sports ManagementTourismBusiness Analytics

 

MBA Abroad Cost (Country)

 

CountryAverage Annual Fees

USA$80,000 – $1,20,000

UK$24,000 – $79,000

Canada$24,000 – $80,000

Germany$50,000

Australia$14,000 – $36,000

Singapore$54,000 – $79,000

Ireland$12,000 – $35,000

New Zealand$24,000 – $30,000

The cost varies depending on the country like Ireland offers MBA Abroad at a low cost compared to other countries like the US, UK, and Canada. 

 

MBA ABROAD SCHOLARSHIPS

 

As we mentioned, studying MBA from Abroad can be challenging in terms of finances for any international student. But no need to worry because they offer plenty of scholarships. Some of them are listed below. 

CountryName of Scholarships

UKHumphrey Fellowship Program
Foreign Fulbright Student Program

AustraliaThe Commonwealth Scholarships
The Chevening Scholarships and
Charles Wallace Scholarships

CanadaQuebec Provincial Government Scholarship

IrelandNUI Galway International Student Scholarships (Max Arthur McAuliffe Special Merit Scholarship,
Sir Peter Freyer Special Merit Scholarship) and
The Government of Ireland International Education Scholarship

New ZealandPalmerston North City Mayor’s Goodwill Ambassador Scholarship
New Zealand Commonwealth Scholarships and
New Zealand Excellence Awards (NZEA)

Now, we’ll see the top colleges of different countries like the USA, UK, Canada, Germany, and Australia. We have mentioned its duration and its GMAT score. 

 

MBA IN USA

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Name of the CollegeDurationGMAT Score

University of Pennsylvania Wharton1 to 2 years710

Harvard Business School1 to 2 years730

Stanford Business School1 to 2 years737

MIT Sloan1 to 2 years724

Columbia Business SchoolEqual to or more than 3 years.717

Check all details about MBA in USA

 

MBA IN UK

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Name of the CollegeDurationGMAT Score

London Business School1.25 years701

Cambridge Business School1 Year640-730

Said Business School1 Year690

Warwick Business School1 Year660

Alliance Manchester Business School1 Year600+

Check all details about MBA in UK

 

MBA IN GERMANY

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Name of the CollegeDurationGMAT Score

Mannheim Business School1 Year600

Frankfurt School of Finance and Management1 Year660-730

WHU-Otto Beisheim Graduate School of Management1 Year600

European School of Management & Technology (ESMT)1 Year640

European Business School1 to 2 years550

Check all details about MBA in Germany

 

MBA IN AUSTRALIA

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Name of the CollegeDurationGMAT Score

Melbourne Business School1 year650

AGSM16 months660

La Trobe Business School18 months600 or more

Monash Business School2 year600 or more

 

MBA IN CANADA

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Name of the CollegeDurationGMAT Score

Rotman School of Management2 Years669

Desautels Faculty of Management1 Years660

Ivey Business School1 Years667

Smith School of Business1 Years654

Schulich School of Business2 Years660

Check here all details about MBA in Canada

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ONLINE MBA COLLEGES ABROAD

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These are some top colleges from abroad for online MBA

The University of Tasmania, AustraliaFlorida International University, USA

University of Regina, CanadaNottingham Trent Forest, UK

Massey University, New ZealandHeriot-Watt University, UK

University of Bradford, UKOxford Brookes University, UK

RMIT University, AustraliaWestern New England university, USA

 

MBA JOBS ABROAD

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After completing MBA from abroad, students get better job opportunities with higher packages and great positions due to enhances networking. We have listed down some of the positions with their average salary. However, it depends on the company.

PositionsAverage Salary (USD)

Chief Executive Officer1,53,683

Senior Financial Analyst85,986

Human Resource Manager73,732

Financial Controller93,811

Director of Operations1,11,518

Business Development Manager92,214

General Manager54,600

Project Manager91,013

Strategy Manager50,337

Marketing Manager43,686

Consulting Manager47,324

Frequently Asked Questions

01.

WHICH ARE THE HIGHEST-PAYING SPECIALIZATIONS OF MBA ABROAD?

02.

WHICH COUNTRY IS THE CHEAPEST TO STUDY MBA ABROAD?

03.

HOW DO I GET ADMISSION TO THE MBA ABROAD PROGRAM?

04.

IS GMAT COMPULSORY FOR ADMISSION TO AN MBA ABROAD?

05.

WHICH LANGUAGE PROFICIENCY TESTS ARE REQUIRED FOR ADMISSION