Top Countries to Study MBA | Admissify

Last Updated on September 17, 2024

MBA is the most sought-after graduate business degree globally. Study MBA abroad from a top university can propel you into high-level positions at companies like Amazon and Microsoft, and you will attain co-finance marketing, operations, management skills, and accounting. This blog will help you through the top 10 countries to study MBA abroad.

MBA Abroad Highlights 2024-25

Before we move on to the best countries for MBA, let us get an overview of MBA abroad with the help of the table given below:

Number of Universities Offering MBA Abroad	Nearly 1,000+
Average Cost of MBA Abroad	USD 70,000 per year + Living expenses based on location and lifestyle
Top 5 Universities for MBA Abroad (QS Global MBA Rankings 2024)	Stanford Graduate School of Business: #1Penn (Wharton): #2Harvard Business School: #3London Business School: 4HEC Paris: #5
Top Specializations for MBA in Abroad	General Management | Marketing | Human Resources Management | Finance | International Business Management | Operations Management | Supply Chain Management
Admission Requirements for MBA Abroad	Bachelor’s degree, GMAT or GREStatement of Purpose, Letters of Recommendation, Admission Essays Resume/CVEnglish Test Scores: IELTS, TOEFL, PTE or Duolingo
Highest Paid Jobs after MBA Abroad	Sales Manager | Finance Manager | Business Analyst | Product Manager
Top Countries for MBA Abroad	USA, Canada, UK, Australia, Germany and others

Why study an MBA Abroad?

Suppose you are considering study MBA in one of the top countries for business education. It will look at the benefits, including gaining a practical knowledge program on a project that allows you to apply theoretical concepts to world business challenges. It can be gained through case studies, internships, international business tracks, or consulting. An MBA degree from an international institution can open doors to exciting career opportunities.

Globally, study MBA abroad provides parallel opportunities to build a solid professional network with individuals from diverse backgrounds and cultures through your classmates, faculty alum connections, and industrial events. Furthermore, this could help you connect with potential employers, business partners, mentors, and many top international MBA programs with solid relationships with leading multinational corporations, resulting in lucrative job offers and attractive compensation packages for graduates.

Top 10 Countries to Study MBA Abroad

Choosing the best country for an MBA abroad depends on various factors, including budget, career goals, and preferred industries. Countries like the US, UK, Canada, Australia, and Germany are specifically the popular choices among Indian students due to their diverse program roles, alumni networks, and strong global connections.

United States of America

If you are particularly looking for an enriching MBA program that opens doors to high-paying careers, the USA stands out as the best country to do an MBA abroad. With a robust MBA education system, a world-class business landscape, and unique living standards, the USA offers an unparalleled MBA experience. The MBA program typically spans two years, providing enough time to immerse yourself in a project base, learning networking opportunities, and internships. This extended duration gives more flexibility to explore career parts that align with your aspirations, USA boosts, and are impressive.

350 MBA programs are featured in the world university ranking, with California and New York hosting the most prestigious schools. This diverse landscape ensures the program perfectly suits your interests and career goals. The estimated living cost ranges from $10,000-$18,000, and an average monthly expenditure of 1000-1500. While this may seem high, remember you are living in a country with a vibrant culture, diverse cuisine, and endless entertainment options. Graduates from MBA programs in the USA are highly sought after by global employers, particularly in coveted roles such as financial manager, business operations manager, and management consultant. The average base salary for MBA graduates in the USA is a staggering $ 1,72,265, Making it one of the most lucrative destinations to obtain your MBA degree.

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	$60,000 (INR 50,12,520) – $120,000 (INR 1,00,25,050)
Cost of studying	$80,000 (INR 66,83,370) – $150,000 (INR 1,25,31,320)
Average salary after MBA	$115,000 (INR 96,07,340)
Top Specializations to Study	Business Analytics, Information Technology, Economics, Finance, Marketing

United Kingdom 

First, an MBA in the UK is a golden choice for MBA aspirants, particularly Indian students looking for a short, cost-effective, globally recognized program. London. Being the world’s financial capital is a significant draw for students, offering a vibrant and thriving business scene. Study MBA programs In the UK typically takes just a year, making them an excellent option for those looking into the fast track. The careers offered at UK business schools are highly regarded worldwide, consistently ranking among the top 200 in the QS global employer survey. This recognition ensures that an MBA from the UK holds immense value in the job market. The average tuition fee for UK business schools is around £9000 to £12,000 per year, while average living expenses are £7200 to £9000 per year, making an MBA in the UK a relatively budget-friendly option compared to other destinations. 

MBA graduates from the UK can expect lucrative salaries, with traditional MBA programs offering an average wage starting from 1,17,000 and executive MBA programs search on an average of one lakh this. This makes the UK one of the best countries for an MBA for Indian students looking for high-quality education and postgraduate solid earning potential. 

Course Duration	1 year
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	£30,000 (INR 31,76,460) – £50,000 (INR 52,94,110)
Cost of studying	£40,000 (INR 42,35,280) – £70,000 (INR 74,11,750)
Average salary after MBA	£80,000 (INR 84,70,570)
Top Specializations to Study	General Management, International Business, Finance, Entrepreneurship

Canada 

Canada is among the top nations in which to study for an MBA. It is a popular choice for MBA aspirants due to its relatively affordable tuition fees, high-quality business schools, solid post-grad employment opportunities, and MBA programs in Canada. Typically, it takes two years, but some universities of 18 months options. Living expenses in Canada range from CAD 5000 to CAD 10,000 per year, making it an affordable study MBA destination. Comparatively, With an average salary of $60,379 per year, Canada offers attractive career prospects. Consulting and finance have the highest salaries, with average monthly wages of CAD 124556 and CAD 93784, respectively. Canada also provides an excellent quality of life, with three cities ranking among the most lovable in the world. This makes Canada one of the best countries for Indian students seeking an MBA and a comfortable lifestyle.

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	$40,000 (INR 33,41,680) – $80,000 (INR 66,83,370)
Cost of studying	$50,000 (INR 41,77,100) – $100,000 (INR 83,54,210)
Average salary after MBA	$90,000 (INR 75,18,790)
Top Specializations to Study	Finance, Marketing, Human Resource, International Business, Operations

Australia

Australia is a top destination for MBA students and a great settling place. An MBA from Australia is worth considering because of highly ranked business schools, strong entrepreneurial spirit, and incredible lifestyle. It rags consistently among the top five countries for MBA abroad. According to the QS ranking, this is due to their high-quality education, excellent career opportunities, And research prospects. The cost of living in Australia for international students is relatively affordable, ranging from 1400 to 2500 AUD per month. This covers the accommodation, social activities, and food in Australia. Both are some of the highest-paying MBA jobs in the world. IT managers can earn up to AUD 1,25,660 annually, while business analysts can make 1,10,000 in management. Consultants can also command impressive salaries with an average annual income of 1,14,000.

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	$35,000 (INR 29,23,970) – $60,000 (INR 50,12,520)
Cost of studying	$50,000 (INR 41,77,100) – $80,000 (INR 66,83,370)
Average salary after MBA	$85,000 (INR 71,01,080)
Top Specializations to Study	Finance, Marketing, Healthcare Management, Information Technology, Entrepreneurship

Germany

Germany is among the best nations for an MBA abroad, offering advanced technology, research opportunities, and surprisingly affordable tuition fees. The length of an MBA program in Germany depends upon the university. Generally, a full-time MBA in Germany takes between 12 and 24 months to complete. Three German business schools have reached the Financial Times’ top hundred MBA rankings. Living expenses, including transportation, accommodation, and food, typically range from 850 to 12,000 EUR per month. Living costs are reasonable compared to Western countries, such as the UK and the US. MBA graduates from Germany typically earn between 1,00,000 and 1,11,000 EUR. They also have the opportunity to build connections with successful businesses such as BMW, Bosch, Siemens, Mercedes Benz and Deutsche Bank. 

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	€20,000 (INR 17,88,940) – €40,000 (INR 35,77,880)
Cost of studying	€30,000 (INR 26,83,410) – €50,000 (INR 44,72,350)
Average salary after MBA	€70,000 (INR 62,61,290)
Top Specializations to Study	Entrepreneurship, Human Resource, Finance, Global Management, International Marketing

Singapore

Singapore is a thriving hub for business and innovation, making it the top country for MBAs. The MBA program in Singapore is highly regarded as its business schools have consistently ranked among the top in recent years; full-time MBA programs in Singapore typically spend 12 months, while part-time extend up to 18 months as one of the best countries for MBA for Indian students Investment can range from $60,000-$90,000 with monthly living expenses mediating between 700 SGD and 730 SGD. The thriving economy of Singapore rewards MBA Handley administrative managers who can command salaries of around 1,03,680 SGD while compensation analysts earn an impressive 1,27,200 and SGD equivalent to approximately $82,700.

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	$40,000 (INR 33,41,680) – $70,000 (INR 58,47,950)
Cost of studying	$50,000 (INR 41,77,100) – $90,000 (INR 75,83,370)
Average salary after MBA	$90,000 (INR 75,18,790)
Top Specializations to Study	Finance, Marketing, Strategy and Organisation, Real Estate, Luxury Brand Management

Spain

An MBA in Spain is a fantastic opportunity to pursue your degree, offering a diverse educational environment that enriches your perspective and expands your professional network. Whether you opt for a full-time or a part-time program, you can complete your MBA by gaining valuable insights into the competitive global business landscape, Spain, bots, and the impressive 168 business schools in the world. According to the QS global rankings, the cost of living in Spain varies depending on the city, with Madrid and Barcelona. Being the most expensive, €1300 per month, and in cities, you can expect to pay around 850 per month. The highest salary for MBA graduates in Spain is typically in the investment and banking sectors. However, Managers and directors also command high salaries. The average salary for an MBA graduate in Spain is around €66,962 per year.

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	€20,000 (INR 17,88,940) – €40,000 (INR 35,77,880)
Cost of studying	€20,000 (INR 17,88,940) – €40,000 (INR 35,77,880)
Average salary after MBA	€60,000 (INR 53,66,820)
Top Specializations to Study	Finance, Marketing, Strategy and Consulting, Entrepreneurship, International Business

Netherlands

The MBA in the Netherlands is the top choice for international students seeking high-quality, affordable, and multicultural study abroad experience. It’s also a great place to launch your career and offers many opportunities for global talent. It is the first non-English speaking country to offer English—higher education programs, making it an attractive option for students worldwide. English is widely spoken in the Netherlands, so you will not have trouble communicating with the locals while studying and working. MBA programs in the Netherlands typically last 1 to 2 years and cover subjects such as finance, marketing management, accounting, and economics. Only around 10 institutions offer full-time MBA programs, and three are among the best in the world. According to the QS World University Rankings, the cost of living for students in the Netherlands ranges from €800-€12,00 per month. After you graduate, you can expect a good salary, the highest being €123000.

Course Duration	1 year
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	€20,000 (INR 17,88,940) – €35,000 (INR 31,30,640)
Cost of studying	€30,000 (INR 26,83,410) – €50,000 (INR 44,72,350)
Average salary after MBA	€70,000 (INR 62,61,290)
Top Specializations to Study	Human Resources, Marketing, Information Technology, Finance, Travel and Tourism

France

France is a pioneer in European MBA education and remains a top nation for aspiring business leaders. MBA infra Today opens doors to many career opportunities and prospects. You can access some of the world’s most prestigious business schools as a student. MBA programs in France vary in length depending on the university. Full-time programs commonly take two years, but some 16-month options are also available. With 36 French universities making the QS global ranking, including 10 in the top 300, you will be guaranteed quality education, making France one of the best countries for MBAs for Indian students.

The cost of living for MBA students in France ranges from €1200-€1800 per month. However, the return on investment is substantial for France. Europe’s second highest graduate salary with an average of €86,567 plus average bonuses of US dollars 17,700, bringing the total overall remuneration to €102,122.

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	€20,000 (INR 17,88,940) – €40,000 (INR 35,77,880)
Cost of studying	€30,000 (INR 26,83,410) – €60,000 (INR 53,66,820)
Average salary after MBA	€65,000 (INR 58,14,050)
Top Specializations to Study	Finance and Digital Banking, Digital Marketing, Project Management, International Business Development, Travel and Tourism

Italy

Italy is the top spot for pursuing an MBA and is often considered one of the best nations to do an MBA degree. The program is entirely taught in English, and at least a vibrant business environment provides abundant opportunities for students to acquire industry-leading skills and build connections with prestigious brands. MBA Italy can be completed in a year with tuition fees ranging from €19-€30,000 per year. Around 65 Italian institutions make the prestigious QS global university ranking list living expenses for international students in Italy quite affordable, averaging from €700-€1000 per month. This covers accommodation, public transportation, entertainment, food, and local travel with an MBA from Italy. You can expect to command an impressive average salary of €75,933.

Course Duration	1-2 years
Eligibility Criteria	Bachelor’s or equivalent (with 50% or more), English proficiency scores, GMAT/GRE scores (if required), 2-3 years of work experience
Tuition Fee	€15,000 (INR 13,41,700) – €30,000 (INR 26,83,410)
Cost of studying	€25,000 (INR 22,36,170) – €45,000 (INR 40,25,110)
Average salary after MBA	€55,000 (INR 49,19,580)
Top Specializations to Study	Finance and Accounting, Marketing, International Business, Human Resource, Operations Management

Eligibility to Study MBA Abroad for Indian Students

If the information above about the various countries to study MBA abroad for Indian students excites you, then it is time to check the eligibility for these countries for business studies where diverse opportunities and these are specific general criteria that most universities abroad ask for and not particular to any single institution-

• A recognized undergraduate degree in business administration or any other related discipline
• 2 to 5 years of professional work experience is preferred
• Competitive exam scores in GMAT and GRE tests
• English Proficiency test scores include IELTS with a minimum score of 7.5, TOEFL with a minimum score of 109, and PTE with a minimum score of 75.
• Official academic transcripts from previous educational institutions
• Letters of recommendation from a professional or academic referee
• Detailed professional curriculum vitae or resume
• Personal or virtual interview varies on the institution
• Evidence of financial ability for education and living expenses

Scholarships for Indian Students to Study MBA Abroad

Pursuing an MBA abroad is a dream for many, but the heavy price tag can be daunting. However, this dream can become an affordable reality with the right scholarships. Here is a comprehensive list of fellowships designed to reduce the cost of studying MBA abroad.

Name of the scholarship	Description and Eligibility	Award amount (INR)
Fulbright-Nehru Master’s Fellowships	U.S. government-sponsored program for Indian students	Up to USD 42k (INR 35L*)
Chevening Scholarships	UK government program for global leaders	Up to GBP 50k (INR 50L*)
Rotman School of Management Scholarships	Scholarships for MBA students at Rotman School in Canada	Up to CAD 48k (INR 40L*)
Australia Awards Scholarships	Scholarships for students from developing countries	Up to AUD 75k (INR 60L*)
DAAD Scholarships	Scholarships for international students in Germany	Up to EUR 34k (INR 30L*)

*Please Note: Amounts are indicative based on typical coverage of tuition fees, living expenses, and other associated costs. 

High Paying Jobs for Indian Students Post-study MBA

If you have reached this point, you will likely pursue an MBA abroad. So, when considering the best countries for an MBA, it is crucial to understand the immense career opportunities that await the graduates of an MBA. Here is a look at some of the job high paying jobs MBA graduates can expect in the coming years-

Job Roles	Average Annual Salary
Chief Technology Officer (CTO)	INR 22L – 27L
Investment Banker	INR 12L –  16L
Management Consultant	INR 11L –  14L
Financial Manager	INR 10L – 12L
Marketing Manager	INR 9L – 11L
Product Manager	INR 8L – 10L
Operations Manager	INR 7L – INR 9L

Conclusion

Study MBA abroad is more than just an educational experience. It is like a gateway to some of the highest being and most fulfilling job opportunities in the global market. Today, the top countries’ MBA programs include the USA, UK, Canada, Australia, Germany, and other countries, and they offer unparalleled opportunities and exposure that can significantly enhance your career trajectory.

FAQs

Q. Who are the top recruiters for MBA graduates?

The top recruiters for the best Countries to Study MBA include McKinsey & Company, Boston Consulting Group, GP, Morgan, Amazon, Apple, Google, Microsoft, Facebook, Deloitte, PepsiCo, City, et cetera.

Q. Which countries are best for an MBA without work experience?

The countries best for an MBA without work experience include Canada and Australia, as we focus more on academic achievement and leadership potential than experience and field.

Q. Which country offers the best return on investment for MBA graduates?

The USA is well known for offering the best return on investment for MBA graduates, mainly due to their high salary and job opportunities in cities like San Francisco and New York. The top business schools in the USA, such as Stanford and Harvard, have strong connections with the industry. Leaders facilitating high-paying job placement

Q. Which country is best to settle in after you study MBA?

Countries like Canada, Australia, the US, and Germany are considered the best countries to settle in after study MBA.

Q. Which MBA specialization is most in demand?

MBA in information technology, human resources, and finance are the three most in-demand MBA specialization programs.