MBA (Master of Business Administration) is a popular professional degree to study abroad. Studying for an MBA in some of the best countries like USA, UK, Canada and Australia will open opportunities for you to build and seek solid career options with lucrative pay.
So in this article, let us look at the best countries to do an MBA for Indian students and the job prospects they'll have after graduating.
Table of Contents
- 4 best Countries to study MBA for Indian Students
- USA
- UK
- Canada
- Australia
- Job prospects after pursuing an MBA degree abroad
- Why should you pursue an MBA abroad?
- Frequently asked questions
4 best Countries to study MBA for Indian Students
USA
The USA is a pioneer in offering business studies for international students. Most of the business schools in the country make it to the top-ranking institutes globally, making it the best country for MBA for Indian students. The administration colleges in the USA focus on student engagement and building their peer network.
MBA courses offered in the USA for Indian students
The US offers numerous MBA specialisations to cater to various interests and career aspirations of Indian students. Some of the popular MBA specialisations in the US include:
- Information systems
- Finance
- Business analytics
- Marketing
- Accounting
- Entrepreneurship
- Strategy
- Consulting
- Healthcare Management
- Technology Management
- Sustainability and Social Impact
- International Business
Top business schools in the USA
| Name of the business school | Average tuition fee |
|---|---|
| Stanford Graduate School of Business | $79,860 |
| University of Pennsylvania (Wharton) | $87,370 |
| Massachusetts Institute of Technology (Sloan) | $80,400 |
| Harvard Business School | $74,910 |
| Columbia Business School | $84,496 |
General cost of studying MBA in the USA
Pursuing an MBA in the USA can be a costly affair. The cost of studying an MBA may range from 60 lakhs to 1 crore. But with a wide range of post-study work opportunities in the country, it is worth investing.
Stay back period for MBA graduates in the USA
MBA graduates can stay back in the USA for an extra 60 days (2 months) after they graduate. Check out the post-study work permit details in the USA before you apply.
UK
The UK has always been a top business school destination for Indian students. While London has diverse finance and banking firms, the other parts of the UK offer various lucrative job prospects in the service sector. Thus, the UK's business schools hold an international reputation for providing high-quality education and skill development, making the UK the best country 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 Management
- Finance
- Marketing
- Arts Management
- Strategy
- Entrepreneurship
- Hospital Administration
- International Business
- Operations Management
- Healthcare Management
- Leadership
- Sustainability and CSR
Top business schools in the UK
The UK is home to several prestigious business schools that are highly regarded worldwide. Some of the top business schools in the UK include:
| Name of the business school | Average tuition fee |
|---|---|
| London Business School | £109,700 |
| University of Oxford | £106,540 |
| ESCP Business School | £50,900 |
| University of Cambridge: Judge | £64,000 |
| Imperial College Business School | £61,500 |
Also read: MBA in UK Universities with Placements
General cost of studying MBA in the UK
The cost of pursuing an MBA degree from any top university in the UK will range between 40 - 65 lakhs (INR).
Stay back period for MBA graduates in the UK
You can stay back in the UK for another 2 years using your work permit visa after graduating with an MBA degree.
Canada
Canada is the best country for MBA 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. Here are some of the top business schools in Canada.
Top business schools in Canada
Canada boasts several prestigious business schools that are renowned for their academic excellence and industry connections. Some of the top business schools in Canada include:
| Name of the business school | Average tuition fee |
|---|---|
| Rotman School of Management | $100,066 |
| Desautels Faculty of Management | $99,500 |
| Smith School of Business | $105,100 |
| Ivey Business School | $126,600 |
| Schulich School of Business | $140,385 |
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 Management
- Finance
- Marketing
- International Business
- Entrepreneurship
- Information Technology Management
- Supply Chain Management
- Healthcare Management
- Human Resource Management
General cost of studying MBA in Canada
Canada is one of the best countries to do MBA for Indian students. So, it comes with a cost! In INR (Indian Rupees), it may range from 27 lakhs to 60 lakhs.
Stay back period for MBA graduates in Canada
After completing your 2-year MBA degree, you can stay up to 3 years in Canada using your PSW Visa (Post-Study Work Visa)
Also Read: Top 10 MBA universities & colleges in Canada 2023
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.
Top business schools in Australia
Australia is home to several reputable business schools that offer world-class MBA programs. Some of the top business schools in Australia include:
| Name of the business school | Average tuition fee |
|---|---|
| Melbourne Business School | AUD $106,650 |
| UNSW (AGSM) | AUD$81,720 |
| Macquarie Business School | AUD $42,000 |
| UQ Business School | $84,648 |
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 Management
- Finance
- Marketing
- Entrepreneurship
- International Business
- Human Resource Management
- Strategic Management
- Information Technology Management
- Sustainability and Social Impact
- Healthcare Management
General cost of studying MBA in Australia
The cost of studying 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 INR 25 lakhs to 35 lakhs per year.
Stay back period for MBA graduates in Australia
The Temporary Graduate visa (subclass 485) allows eligible graduates to stay back and work in Australia for a period ranging from 18 months to 4 years, depending on the level of study completed.
Also Read: Best Countries for Students to Study and Work
| Countries | Courses | Average Annual Tuition Fee (USD) |
|---|---|---|
| United States | MBA | $40,000 - $80,000 |
| United Kingdom | MBA | $25,000 - $60,000 |
| Canada | MBA | $20,000 - $40,000 |
| Australia | MBA | $25,000 - $50,000 |
| Singapore | MBA | $30,000 - $60,000 |
Job prospects after pursuing an MBA degree abroad
After completing your MBA abroad, you must start your 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 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 title | Average annual salary USD |
|---|---|
| IT Business Analyst | $1,05,811 |
| IT Services Manager | $1,04,237 |
| Information Technology Manager | $1,04,071 |
Marketing
| Job title | Average annual salary USD |
|---|---|
| Business Intelligence Manager | $120,142 |
| Marketing research director | $110,619 |
| Brand Manager | $1,04,880 |
Finance
| Job title | Average annual salary USD |
|---|---|
| Finance Consulting Manager | $118,409 |
| Finance Management Associate | $89,609 |
| Finance Analyst | $87,055 |
Economics
| Job title | Average annual salary USD |
|---|---|
| Research Economist | $1,05,178 |
| Economic Analyst | $1,04,427 |
| Economic Consultant | $87,333 |
Business Analytics
| Job title | Average annual salary USD |
|---|---|
| Business Strategist Analyst | $1,01,805 |
| Business Systems Analyst | $97,065 |
| Business Applications Analyst | $82,562 |
With a dedicated team of experienced and knowledgeable consultants, we provide 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.
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Why should you pursue an MBA abroad?
Watch this video on “Everything you need to know about MBAs"
Some of the key factors for you to pursue an MBA degree are:
1. 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
2. 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
3. Upskill your management degree with a specialisation
Nowadays, companies look for someone well-versed with industrial knowledge and has the specialist knowledge 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.
Frequently asked questions
Which country is the best for MBA studies?
The top three countries to study MBA abroad are the USA, UK, and Canada.
What is the average tuition fee for MBA education abroad?
The average tuition fee for abroad MBA studies may range from INR 20 lakhs to 50 lakhs (USD $25,787- $64,467).
Which country is the best for MBA in supply chain management abroad?
The United States of America (USA) is the best country to study an MBA abroad in supply chain management.
Which is the best country for 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, renowned for its prestigious business schools and vast networking opportunities; the United Kingdom, known for its diverse MBA programs and global business connections; Canada, offering quality education and post-study work opportunities; and Australia, with a strong focus on entrepreneurship and innovation.
Which country is best for 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 and China are countries with significant job opportunities for MBA graduates due to their robust economies and diverse industries.
Which country is 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.
It is now time to kickstart your higher study plans abroad!
Connect with Edvoy, chat with our counsellors and land a place in your dream business school overseas!
