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 15 MBA UNIVERSITIES ABROAD BY QS RANKINGS

MBA in Foreign Universities	Region	QS Ranking (MBA) as per 2023
Stanford Graduate School of Business	Stanford (CA), United States	1
Harvard Business School	Boston (MA), United States	2
Penn (Wharton)	Philadelphia (PA), United States	3
HEC Paris	Jouy en Josas, France	4
London Business School	London, United Kingdom	5
MIT (Sloan)	Cambridge (MA), United States	6
IE Business School	Madrid, Spain	7
Columbia Business School	New York (NY), United States	8

TOP 15 MBA UNIVERSITIES ABROAD BY THE RANKING

MBA in Foreign Universities	Region	THE Ranking (Business) as per 2023
Massachusetts Institute of Technology	US	1
Stanford University	US	2
University of Oxford	UK	3
Harvard University	US	4
The University of Chicago	US	5
University of Cambridge	UK	6
University of California, Berkeley	US	7
Tsinghua University	China	8
Yale University	UK	9
London School of Economics and Political Science	UK	10
Columbia University	US	11
National University of Singapore	Singapore	11
University of Pennsylvania	US	13
Northwestern University	US	14
Peking University	China	15

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.

THE EXAM 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 & 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 (if required)
• Valid national transport
• 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	Average Fees (USD)
Kellogg School of Management	USA	92,137
Anderson School of Business	USA	59,228
Kenan-Flagler Business	USA	60,331
Sobey School of Business	Canada	28,405
Lazaridis School of Business and Economics	Canada	30,018
Schulich School of Business	Canada	35,503
Australian National University	Australia	30,052
Monash University	Australia	27,083
Macquarie Graduate School of Management	Australia	24,620
Melbourne Business School	Australia	55,129

MBA ABROAD WITHOUT WORK EXPERIENCE

You can apply to the school application process without work experience, but you must have a strong GMAT, a good academic record, and, a strong personal letter. 

B-school Name	Country	Average Fees (USD)
Chicago Booth School of Business	USA	77,841
Haas School of Business	USA	58,810
University of Northampton	UK	17,442
The University of West London	UK	15,373
Coventry University	Uk	18,591
Monash University-Graduate School of Business	Australia	27,617
Graduate School of Business and Law, RMIT	Australia	30,236
The University of Windsor	Australia	18,830
Thompson Rivers University	Canada	20,856
Brock University	Canada	20,978

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
UK	Humphrey Fellowship Program Foreign Fulbright Student Program
Australia	The Commonwealth Scholarships The Chevening Scholarships and Charles Wallace Scholarships
Canada	Quebec Provincial Government Scholarship
Ireland	NUI Galway International Student Scholarships (Max Arthur McAuliffe Special Merit Scholarship, Sir Peter Freyer Special Merit Scholarship) and The Government of Ireland International Education Scholarship
New Zealand	Palmerston North City Mayor’s Goodwill Ambassador Scholarship New Zealand Commonwealth Scholarships and New Zealand Excellence Awards (NZEA)

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	710
Harvard Business School	1 to 2 years	730
Stanford Business School	1 to 2 years	737
MIT Sloan	1 to 2 years	724
Columbia Business School	Equal to or more than 3 years.	717

Check all details about MBA in USA

MBA IN UK

Name of the College	Duration	GMAT Score
London Business School	1.25 years	701
Cambridge Business School	1 Year	640-730
Said Business School	1 Year	690
Warwick Business School	1 Year	660
Alliance Manchester Business School	1 Year	600+

Check all details about MBA in UK

MBA IN GERMANY

Name of the College	Duration	GMAT Score
Mannheim Business School	1 Year	600
Frankfurt School of Finance and Management	1 Year	660-730
WHU-Otto Beisheim Graduate School of Management	1 Year	600
European School of Management & Technology (ESMT)	1 Year	640
European Business School	1 to 2 years	550

Check all details about MBA in Germany

MBA IN AUSTRALIA

Name of the College	Duration	GMAT Score
Melbourne Business School	1 year	650
AGSM	16 months	660
La Trobe Business School	18 months	600 or more
Monash Business School	2 year	600 or more

MBA IN CANADA

Name of the College	Duration	GMAT Score
Rotman School of Management	2 Years	669
Desautels Faculty of Management	1 Years	660
Ivey Business School	1 Years	667
Smith School of Business	1 Years	654
Schulich School of Business	2 Years	660

Check here all details about MBA in Canada

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

MBA JOBS ABROAD

After completing MBA from abroad, students get better job opportunities with higher packages and great positions due to enhances networking. We have listed down some of the positions with their average salary. However, it depends on the company.

Positions	Average Salary (USD)
Chief Executive Officer	1,53,683
Senior Financial Analyst	85,986
Human Resource Manager	73,732
Financial Controller	93,811
Director of Operations	1,11,518
Business Development Manager	92,214
General Manager	54,600
Project Manager	91,013
Strategy Manager	50,337
Marketing Manager	43,686
Consulting Manager	47,324