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What are the 4 best countries to study MBA for Indian students?

Updated on: Feb 1, 2024
What are the 4 best countries to study MBA for Indian students?
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The number of Indian students pursuing higher education in their desired study destination is increasing steadily every year. Study destinations like the US, the UK, Canada, and Australia offer excellent curricular programs with the finest resources and job opportunities.

A master's in business administration is one of the most popular graduate programs Indian students plan to pursue in their desired study destination. An MBA from a university abroad adds value to your profile and paves the way for various career possibilities.

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Here, we guide you through studying MBA abroad, including its significance, eligibility criteria, student document requirements, and the best countries to pursue the degree.

Aspiring to pursue an MBA in your dream study destination? Apply today and get the best student services for your study abroad journey.

Highlights of the best countries to study MBA for Indian students

Course-typeFull-time, part-time
Course duration1-2 years
Course entry requirementAn international student with an undergraduate degree in business administration or a related specialisation with a GPA over 3.0.
English proficiency
  • IELTS: 6.0-7.5
  • TOEFL: 90-100
  • PTE: 79
  • Duolingo: 95-120
Entrance exam
  • GRE: Above 325
  • GMAT: Above 700
Fees rangeUSD $50,000 - $90,000
Visa
  • Canada: Canada Student Visa
  • The US: US Student Visa
  • The UK: UK student vis
  •  Australia: Australian Student Visa (subclass 500)

Data updated as of January 2024

Also read: How to study abroad: Choosing the right country, university, and course for you

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Why study an MBA abroad?

Pursuing an MBA abroad comes with many perks. Some of the key factors for you to pursue an MBA degree in your desired study destination are as follows:

Adds great value to your CV

The skills you'll learn and gain in your MBA program will be excellent for your career profile. Since upskilling is crucial in landing a lucrative position, it may allow you to take a next-level job and even lead an organisation.

Also read: Guide to choosing the right courses to study abroad

The right opportunity for you to build a network

Pursuing an MBA degree abroad will give you the space to meet and connect with diverse peers from around the globe. This gives you the exposure to build a community with people who will be the business leaders of tomorrow.

Also read: Best study abroad destinations for international students

Upskill your management degree with a specialisation

Nowadays, companies look for someone well-versed in industrial knowledge and with the specialist expertise to apply their skills for the firm's benefit. Upskilling your skill set by pursuing a degree in management will be an added feather to the cap.

Subjects in an MBA program

Human resource managementEnterprise simulation game
Business analyticsSustainable business leadership
FinanceManagement in postmodern markets
Entrepreneurial dynamicsCommercial law
Project economicsEmployment law
Business intelligenceStrategic project management
The science of decision-makingMarketing in a global environment
Research methodsDoing business on the cloud
Contemporary issues in global financesMacroeconomics in a global context
Strategic management of human capitalCorporate governance, business ethics and CSR

Eligibility criteria for studying MBA abroad

Educational institutions abroad have set pre-determined eligibility criteria for international students who wish to pursue an MBA abroad. While the requirements differ with every university, here are the standard eligibility requirements to apply for an MBA program abroad.

Student eligibility to pursue MBA abroad

FactorEligibility criteria
Educational qualificationsAn international student with an undergraduate degree in business administration or a related specialisation with a GPA over 3.0.
English proficiency
  • IELTS: 6.0-7.5
  • TOEFL: 90-100
  • PTE: 79
  • Duolingo: 95-120
Entrance exam
  • GRE: Above 325
  • GMAT: Above 700
Visa
  • Canada: Canada Student Visa
  • The US: US Student Visa
  • The UK: UK student visa
  • Australia: Australian Student Visa (subclass 500)

Data updated as of January 2024

Note: The eligibility requirement varies with every MBA program and university. Ensure you check the course page for the requirements before submitting the application.

Which country is best for an MBA for Indian students?

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The United States

The USA is a pioneer in offering business studies for international students. Most of the business schools in the country are top-ranking institutions on a global level, making it an ideal country for MBA abroad for Indian students.

The educational institutions in the USA offer an excellent curriculum, focus on student engagement and help them build their peer network. The courses are structured to provide the required knowledge and skills and train them with hands-on training and experience to prepare them for their careers.

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MBA specialisations offered in the USA for Indian students

The US offers numerous MBA programs to cater to various interests and career aspirations of Indian students. Some of the popular MBA specialisations in the US include.

Information systemsFinanceBusiness analytics
MarketingAccountingEntrepreneurship
StrategyConsultingHealthcare Management
Technology ManagementSustainability and Social ImpactInternational Business

Top business schools in the USA

Name of the business schoolTimes Higher Education Rankings 2024-25Average tuition fee
Harvard Business School01$74,910
Stanford Graduate School of Business02$79,860
Columbia Business School04$84,496
New York University04$84,180
University of California, Berkeley06$82,059

Data updated as of January 2024

Cost of studying for an MBA in the US

Pursuing an MBA in the US can be comparatively expensive. The cost of studying for an MBA may range from ₹60,00,000 to ₹1,00,00,000. Considering the wide range of work opportunities in the country, it is worth investing.

Post-study work permit for MBA graduates in the US

Name of post-study work visaLength of time to stay in country
Post-completion Optional Practical Training (OPT)1-year

The United Kingdom

The UK has always been a top study destination for Indian students aspiring to pursue an MBA. While London has diverse finance and banking firms, the other parts of the UK also offer various lucrative job prospects in the global market.

Thus, the UK's business schools hold an international reputation for providing high-quality education and skill development, making it one of the best countries for MBA for Indian students.

MBA courses offered in the UK for Indian students

The UK offers a diverse range of MBA specialisations to cater to the varied interests and career aspirations of Indian students. Some of the popular MBA specialisations in the UK include.

General managementFinanceMarketing
Arts managementEntrepreneurshipStrategy
Hospital administrationInternational businessOperations management
Healthcare managementLeadershipSustainability and CSR

Top business schools in the UK

Business schoolTimes Higher Education Rankings 2024-25Average tuition fee
University of Cambridge05£69,000
University of Oxford05£117,080
London School of Economics and Political Science11£115,000
UCL23£42,500
University of Warwick26£49,950

Data updated as of January 2024

Also read: MBA in UK Universities with Placements

Cost of studying MBA in the UK

The cost of pursuing an MBA from any top university in the UK will range between ₹40,00,000 to ₹65,00,000.

Post-study work permit for MBA graduates in the UK

Name of post-study work visaLength of time to stay in country
Post Study Work (PSW) visa2 years

Canada

Canada is often praised as one of the best countries to pursue an MBA abroad for Indian students. You can land a high-paying job right after graduation in Canada since the country has a high-performing economy with a booming industrial sector.

Top business schools in Canada

Business schoolTimes Higher Education Rankings 2024-25Average tuition fee (In CAD)
Rotman School of Management21$46,270
Desautels Faculty of Management29$102,500
Schulich School of Business96$117,850
Smith School of Business126-150$79,920
Ivey Business School176-200$126,600

Data updated as of January 2024

Best MBA courses offered in Canada for Indian students

Canadian universities offer various MBA specialisations to cater to different career goals and interests. Some of the popular MBA specialisations for Indian students in Canada include.

General ManagementFinanceMarketing
International BusinessEntrepreneurshipHealthcare Management
Information Technology ManagementSupply Chain ManagementHuman Resource Management

Cost of studying for an MBA in Canada

Canada is among the best countries to do an MBA for Indian students. The average tuition fee for an Indian student to pursue an MBA ranges between ₹27,00,000 to ₹60,00,000.

Post-study work permit for MBA graduates in Canada

Name of post-study work visaLength of time to stay in country
Post Graduation Work Permit (PGWP)8 months to 3 years

Also read: Top 10 MBA universities & colleges in Canada 2024

Australia

Studying for an MBA in Australia is a popular choice among Indian students due to the country's excellent education system, diverse culture, and strong business environment. Australia is home to several reputable business schools that offer world-class MBA programs.

It is also one of the best countries to study MBA for Indian students as Australia has a high employment rate and paves the way for excellent job opportunities for Indian students after graduation.

Top business schools in Australia

Business schoolTimes Higher Education Rankings 2024-25Average tuition fee (In AUD)
Melbourne Business School08$106,650
UNSW (AGSM)32$81,720
Macquarie Business School40$42,000
UQ Business School74$84,648

Data updated as of January 2024

Best MBA courses offered in Australia for Indian students

Australian universities offer a variety of MBA specialisations to cater to the interests and career aspirations of Indian students. Some of the popular MBA specialisations in Australia include.

General ManagementFinance
MarketingEntrepreneurship
International BusinessHuman Resource Management
Strategic ManagementInformation Technology Management
Sustainability and Social ImpactHealthcare Management

Cost of studying for an MBA in Australia

The cost of studying for an MBA in Australia can vary depending on the university, program duration, and specialisation. On average, the tuition fees for an MBA program for international students, including Indian students, can range from ₹25,00,000 to ₹35,00,000.

Post-study work permit for MBA graduates in Australia

Name of post-study work visaLength of time to stay in country
Temporary Graduate Visa2-4 years

Also read: Best Countries for Students to Study and Work

A rundown on the cost of studying an MBA for Indian students

CountriesAverage annual tuition fee (In USD)
United States$40,000-$80,000
United Kingdom$25,000-$60,000
Canada$20,000-$40,000
Australia$25,000-$50,000

Data updated as of January 2024

Job prospects after pursuing an MBA degree abroad

After completing your MBA abroad, you should start your career preparations as early as possible. Here are a few tips that might help you prepare yourself and land a golden job opportunity.

  • Networking and building a strong community with your peers.
  • Doing an internship while studying for an MBA abroad will be another enhancing factor to your career profile.
  • Exploring and seeking vacancies on job websites will help you land your perfect job role.

Here are some of the highest-paid jobs for an MBA graduate overseas.

Information Technology

Job titleAverage annual salary (in USD)
IT Business Analyst$105,811
IT Services Manager$104,237
Information Technology Manager$104,071

Data updated as of January 2024

Marketing

Job titleAverage annual salary (in USD)
Business Intelligence Manager$120,142
Marketing research director$110,619
Brand Manager$104,880

Data updated as of January 2024

Finance

Job titleAverage annual salary (in USD)
Finance Consulting Manager$118,409
Finance Management Associate$89,609
Finance Analyst$87,055

Data updated as of January 2024

Economics

Job titleAverage annual salary (in USD)
Research Economist$110,896
Economic Analyst$78,263
Economic Consultant$88,979

Data updated as of January 2024

Business Analytics

Job titleAverage annual salary (in USD)
Business Analyst$100,675
Business Systems Analyst$94,829
Business Applications Analyst$94,370

Data updated as of January 2024

With a dedicated team of experienced and knowledgeable consultants, Edvoy provides personalised services to each student, understanding their aspirations, interests, and career goals. Our expertise lies in assisting students to find the right educational institutions and courses that align perfectly with their individual needs.

Frequently asked questions

Which country is the best for MBA studies?

The US, UK, Australia, and Canada are the top countries to study MBA abroad.

What is the average tuition fee for MBA education abroad?

The average tuition fee for abroad MBA studies may range from ₹20,00,000 to ₹67,00,000 (USD $25,000-$80,000).

Which country is the best for an MBA in supply chain management abroad?

The United States is the best country to study for an MBA in supply chain management abroad.

Which is the best country for an MBA for Indian students?

The best country to do an MBA for Indian students depends on their preferences and career goals. Popular choices include.

  • The United States is renowned for its prestigious business schools and vast networking opportunities.
  • The United Kingdom is known for its diverse MBA programs and global business connections.
  • Canada offers quality education and post-study work opportunities.
  • Australia has a strong focus on entrepreneurship and innovation.

Which country is best for an MBA in finance for Indian students?

The United States and the United Kingdom are considered top choices for MBA in finance for Indian students.

Which country has more job opportunities for MBA?

The United States, the United Kingdom, Canada, Australia, and Ireland are countries with significant job opportunities for MBA graduates due to their robust economies and diverse industries.

Which country is the best and cheapest for MBA for Indian students?

Germany is often considered one of the best and cheapest countries for an MBA for Indian students. German universities offer high-quality education at affordable tuition fees, and many programs are taught in English.

Should I prefer an MBA from India or abroad?

Studying abroad can provide exposure to international markets and diverse cultures while studying in India might be more cost-effective and allow you to build connections in the local business landscape. Consider factors like program reputation, networking opportunities, and potential return on investment when making your choice.

Which are the top MBA specialisations abroad?

Some of the top MBA specialisations abroad include.

  • Finance
  • Entrepreneurship
  • Human resources
  • International business
  • Marketing
  • Investment management
  • Data analytics
  • Economics
  • Strategic management
  • Innovation management

What are the admission requirements for an MBA abroad?

The eligibility for an MBA degree for international students varies with every university and country. Here are the standard admission requirements for an MBA abroad.

Educational qualificationsAn international student with an undergraduate degree in business administration or a related specialisation with a GPA over 3.0.
English proficiency

IELTS: 6.0-7.5

TOEFL: 90-100

PTE: 79

Duolingo: 95-120

Entrance exam

GRE: Above 325

GMAT: Above 700

Which are the best MBA colleges abroad?

Some of the best business schools in top study destinations for international students are.

The United States:

Harvard Business School

Stanford Graduate School of Business

Columbia Business School

New York University

University of California, Berkeley

The United Kingdom:

University of Cambridge

University of Oxford

London School of Economics and Political Science

UCL

University of Warwick

Canada:

Rotman School of Management

Desautels Faculty of Management

Schulich School of Business

Smith School of Business

Ivey Business School

Australia:

Melbourne Business School

UNSW (AGSM)

Macquarie Business School

UQ Business School

Which is the cheapest country to study MBA abroad for Indian students?

Some of the most affordable countries to pursue an MBA abroad for Indian students are Canada, the UK, Australia, and the US.

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