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 10 MBA Universities Abroad by QS Rankings

MBA in Foreign Universities	Region	QS Ranking (MBA) as per 2024
Stanford Graduate School of Business	Stanford (CA), United States	1
Penn (Wharton)	Philadelphia (PA), United States	2
Harvard Business School	Boston (MA), United States	3
London Business School	London, United Kingdom	4
HEC Paris	Jouy en Josas, France	5
MIT (Sloan)	Cambridge (MA), United States	6
Columbia Business School	New York (NY), United States	7
IE Business School	Madrid, Spain	8
Cambridge Judge Business School	Cambridge, United Kingdom	9
IESE Business School	Barcelona, Spain	10

Top 10 MBA Universities Abroad by the Ranking

MBA in Foreign Universities	Region	THE Ranking (Business) as per 2023
University of Oxford	UK	1
Stanford University	US	2
Massachusetts Institute of Technology (MIT)	US	3
Harvard University	US	4
University of Cambridge	UK	5
Princeton University	UK	6
California Institute of Technology (Caltech)	US	7
Imperial College London	UK	8
University of California, Berkeley	US	9
Yale University	US	10

Types of MBA Programmes Abroad

• 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.

Exams Required to Study Abroad

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 and Eligibility

• 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
• Valid national passport
• Visa
• Essays
• MBA interview

MBA Abroad Without GMAT

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 Name	Country	Tuition Fees (USD)
Michigan Ross	Michigan, US	78,030
University of Virginia – Darden	Virginia, US	84,838
Texas Mc Combs	Texas, US	119,368 (2 years)
NYU Stern	New York, US	86,916
Indiana Kelley	Indianapolis, US	55,695
Rotman School of Management	Toronto, Canada	CAD 136,410
UNC Kenan Flagler	North Carloina, US	74,138
Cornell Johnson	Ithaca, US	83,106
MIT Sloan	Massachusetts, US	86,550
USC Marshall	California, US	79,893

MBA Abroad: Subjects

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 1	Finance 2
Financial Reporting and Control	Business, Government, and the International Economy
Leadership & Organizational Behavior	Strategy
Marketing	The Entrepreneurial Manager
Technology & Operations Management	Leadership and Corporate Accountability
Interpersonal Skills Development Lab	FIELD Global Immersion
Short Intensive Programs	–

Year 2 (Electives)

Accounting and Management	Business, Government & the International Economy
Finance	Entrepreneurial Management
General Management	Negotiation, Organizations & Markets
Marketing	Organizational Behavior
Strategy	Technology & Operations Management

MBA Abroad Syllabus: Core Subjects

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

Customer Relations	Business Research
Customer Behaviour	Accounting & Finance
Business Management	Entrepreneurship
Entrepreneurship Project	Strategic Management
Marketing Management	Contemporary Management
Business Economics	Human Resource Management
Operational Management	Managerial Economics
Business Law and Ethics	Applied Statistics

MBA Abroad Syllabus: Elective Subjects

Managing Markets	Advanced Finance
Insurance	Data Analytics
Strategy	Corporate Sustainability Strategy
Basic Excel for Data Management	Risk Management
International Insurance Laws	Integrated Reporting

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

MBA Abroad Specialization

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

General Management	Marketing	International Business
Supply Chain	Healthcare Management	Project Management
Hospitality	Human Resources	Economics
Healthcare	Accounting	Entrepreneurship
Finance	Business (others)	Media Management
Sports Management	Tourism	Business Analytics

MBA Abroad Cost (Country)

Country	Average 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. 

Country	Name of Scholarships
USA	– Foreign Fulbright Student Program – Hubert H. Humphrey Fellowship Program
UK	– Chevening Scholarships – Commonwealth Scholarships – Charles Wallace India Trust Scholarships
Australia	– Australia Awards Scholarships  – Destination Australia Program
Canada	– Vanier Canada Graduate Scholarships – Ontario Graduate Scholarship – Quebec Provincial Government Scholarships
Ireland	– Government of Ireland International Education Scholarship – NUI Galway Scholarships
New Zealand	– New Zealand Excellence Awards (NZEA) – New Zealand Commonwealth Scholarships – Palmerston North City Mayor’s Goodwill Ambassador Scholarship

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

Name of the College	Duration	GMAT Score
University of Pennsylvania Wharton	1 to 2 years	732
Harvard Business School	2 years	740
Stanford Business School	2 years	738
MIT Sloan	2 years	730
Columbia Business School	2 years	732

MBA in UK

Name of the College	Duration	GMAT Score
London Business School	Flexible choice of 15, 18 or 21 months	600-800
Cambridge Business School	1 Year	680-690
Said Business School	1 Year	680
Warwick Business School	1 Year	670
Alliance Manchester Business School	15 or 18 months	600+

MBA in Germany

Name of the College	Duration	GMAT Score
Mannheim Business School	12-15 months	Min 600
Frankfurt School of Finance and Management	1 Year	642
WHU-Otto Beisheim Graduate School of Management	1 Year	600+
European School of Management & Technology (ESMT)	15 Months	640
European Business School	1 years	NA

MBA in Australia

Name of the College	Duration	GMAT Score
Melbourne Business School	2 Years	695+
AGSM	1 Years	600+
La Trobe Business School	1.5 Years	NA
Monash Business School	1.5 Years	600 or more

MBA in Canada

Name of the College	Duration	GMAT Score
Rotman School of Management	2 Years	675
Desautels Faculty of Management	12, 16 or 20 months	650
Ivey Business School	1 Years	NA
Smith School of Business	1 Years	NA
Schulich School of Business	2 Years	640

Online MBA Colleges Abroad

These are some top colleges from abroad for online MBA

The University of Tasmania, Australia	Florida International University, USA
University of Regina, Canada	Nottingham Trent Forest, UK
Massey University, New Zealand	Heriot-Watt University, UK
University of Bradford, UK	Oxford Brookes University, UK
RMIT University, Australia	Western New England university, USA

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