MBA (Master of Business Administration) is a popular professional degree to study abroad.
Studying an MBA in some of the best countries like Canada, the UK, and the USA 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 study for an MBA abroad and the job prospects you'll have after graduating.
Contents
- Why should you pursue an MBA abroad?
- 3 best countries to study an MBA for Indian students
- Study MBA in Canada for Indian students
- Study MBA in the UK for Indian students
- Study MBA in the USA for Indian students
- Job prospects after pursuing an MBA degree abroad
- FAQs: Best country to study MBA for Indian students
Why should you pursue an MBA abroad?
Some of the key factors for you to pursue an MBA degree are:
- 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.
- 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.
- 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.
Also read: Exams to Study MBA Abroad
Watch this video on “Everything you need to know about MBAs”!
3 best countries to study MBA for Indian students
| Destinations | Courses | Average annual tuition fee in USD |
|---|---|---|
| Canada | Finance, Operations, Marketing, Human Resources, General Management | $352,353 |
| UK | Arts Management, Hospital Administration, Finance and Accounting, Consulting, Marketing | $48,000 - $80,000 |
| USA | Accounting, Business Analytics, Finance, Information Systems | $170,000 - $220,000 |
Study MBA in Canada for Indian students
Canada is one of the most preferred study destinations globally for an MBA degree. 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
| Name of the business school | Average tuition fee in USD (annual) |
|---|---|
| Toronto (Rotman) | $52,363 |
| McGill (Desautels) | $39,345 |
| Queen’s (Smith) | $105,462 |
| Western (Ivey) | $97,672 |
| York (Schulich) | $44,387 |
Here are the top MBA courses offered.
Best MBA courses offered in Canada for Indian students
| Course and specialisations | Average tuition fee in USD (annual) |
|---|---|
| Finance | $22,500 |
| Operations | $23,726 |
| Marketing | $17,399 |
| Human Resources | $34,043 |
| General Management | $26,889 |
General cost of studying MBA in Canada
Canada is one of the most sought-after countries to study MBA abroad. 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)
Study MBA in the UK for Indian students
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.
Here is a list of top business schools in the UK for an MBA degree and the courses offered.
Top business schools in the UK
| Name of the business school | Average tuition fee in USD (annual) |
|---|---|
| London Business School | $131,000 |
| University of Oxford | $83,855 |
| ESCP Business School | $21,800 |
| University of Cambridge: Judge | $60,344 |
| Imperial College Business School | $71,910 |
Best MBA courses offered in the UK for Indian students
| Course and specialisations | Average tuition fee in USD (annual) |
|---|---|
| Arts Management | $21,719 |
| Hospital Administration | $21,425 |
| Finance and Accounting | $23,309 |
| Consulting | $38,691 |
| Marketing | $31,456 |
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.
Study MBA in the USA for Indian students
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 to study an MBA abroad. The administration colleges in the USA focus on student engagement and building their peer network.
Here are some of the top business schools in the USA to pursue your business and management courses.
Top business schools in the USA
| Name of the business school | Average tuition fee in USD (annual) |
|---|---|
| Stanford Graduate School of Business | $55,200 |
| University of Pennsylvania (Wharton) | $47,668 |
| Massachusetts Institute of Technology (Sloan) | $40,732 |
| Harvard Business School | $73,440 |
| Columbia Business School | $77,376 |
Best MBA courses offered in the USA for Indian students
| Course and specialisations | Average tuition fee in USD (annual) |
|---|---|
| Accounting | $54,000 |
| Finance | $50,000 |
| Information systems | $49,500 |
| Business analytics | $54,500 |
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.
Here's a list of other top universities where you can pursue your MBA.
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 |
|---|---|
| Information Technology Manager | $86,140 |
| IT Services Manager | $93,780 |
| IT Business Analyst | $70,644 |
Marketing
| Job title | Average annual salary USD |
|---|---|
| Marketing Manager | $96,194 |
| Business Intelligence Manager | $90,381 |
| Client Success Specialist | $70,578 |
Finance
| Job title | Average annual salary USD |
|---|---|
| Finance Analyst | $70,667 |
| Finance Consulting Manager | $70,000 |
| Finance Management Associate | $62,673 |
Economics
| Job title | Average annual salary USD |
|---|---|
| Economic Development Analyst | $60,819 |
| Research Economist | $84,562 |
| Economic Analyst | $74,648 |
Business Analytics
| Job title | Average annual salary USD |
|---|---|
| Business Systems Analyst | $85,701 |
| Business Strategist Analyst | $94,559 |
| Business Applications Analyst | $72,460 |
FAQs: Best country to study MBA for Indian students
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.
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!
