The Top Countries Known for Offering Excellent MBA Programs

Best Countries to Study MBA: Unlocking Global Opportunities

MBA or Masters in Business Administration is one of the most popular courses pursued across the globe. An MBA course provides fantastic job opportunities at high managerial posts with a hefty pay package. Apart from the monetary part of it, MBA also provides tremendous scope for the growth and development of a professional. You can learn practical skills of how to run a successful business organization by getting an MBA degree from a reputed college. 

The key here is to get an MBA degree from the right place to progress from a manager to a business leader. Many MBA programs are being offered worldwide which makes picking the right institute a tricky affair. We have picked some of the best places to study MBA, and if you select any of these countries and universities to pursue MBA, it can give you that global exposure needed for your successful professional journey. 

Study Abroad for MBA

Let us look at some of the best MBAs from the top international educational institutes:

The United States of America: One of the most popular destinations for business schools in the USA. The US boasts of starting the first management course in the world back in the 20th century. It is a dream of every student to pursue an MBA from top-notch universities in the US. Apart from amazing faculty, students also benefit from strong infrastructure, fantastic internships, and exposure to cutting-edge and latest content and technologies. In the US, you also get to widen your network and meet all the right people who aid in your grooming to become a budding entrepreneur.

What you need to pursue MBA in the US
You need work experience of two or more years.
GRE or GMAT score
English proficiency score (IELTS, or TOEFL)

Cost of studying MBA in the US - If you choose to study from the top universities then your cost would range between 77,000 USD to 1,30,000 USD. 

Top Universities to study MBA in the US - Harvard Business School, University of Pennsylvania’s Wharton School of Business, Stanford Graduate School of Business, Northwestern University’s Kellogg School of Management, MIT Sloan School of Management.

The average salary package of MBA graduates in the US- 1,15,000 to 173,000 USD.

The United Kingdom: London is deemed as the most competitive financial center in the world by the Global Financial Center Index. This gives the UK an edge over other countries for studying MBA courses. Twenty-four of the UK's business schools are listed among the top 200 business schools in the world. The MBA programs in the UK provide ample practical exposure to students to make them industry-ready by the end of their course. The B-schools of the UK prioritize students' professional growth by offering a multitude of specializations such as hospital administration, consulting, finance and accounting, marketing and arts management, etc.

What you need to pursue MBA in the UK
GRE or GMAT score
English proficiency score (IELTS, or TOEFL)

Cost of studying for an MBA in the UK - You spend an average of 11,000 to 15,000 USD per year on tuition fees to study MBA in the UK.

Top Universities to study MBA in the UK - Said Business School of the University of Oxford, London Business School, Cambridge Judge Business School of the University of Cambridge, Warwick Business School of the University of Warwick, Imperial College London.

The average salary package of MBA graduates in the UK - 1,00,000 to 117,000 USD.

Canada: The quality of the business schools, immigration-friendly environment, and extremely affordable costs of fees have made Canada one of the top choices for students to study MBA. The economy of Canada is prospering, and many industries have grown every year, for instance manufacturing, mining, and agriculture. Due to these reasons job opportunities have increased manifold in the country. QS Global MBA rankings of 2022 have placed 280 business schools in Canada on their list. Canada also boasts of some of the most influential and prominent companies in the world.

What you need to pursue MBA in Canada
GRE or GMAT score
English proficiency score (IELTS, or TOEFL)

Cost of studying MBA in Canada - You spend an average of 34,000 to 77,000 USD for MBA in Canada. Many universities offer the MBA course at much lesser fees with lesser duration of the study, for example, the University of Alberta has a 20-month MBA program for around 12,000 USD, and McMaster University offers the course at approximately 14,000 USD.

Top Universities to study MBA in Canada - Queen's School of Business – Queen's University at Kingston, Rotman School of Management – the University of Toronto, Schulich School of Business – York University, Sauder Business School – University of British Columbia (UBC), Desautels Faculty of Management – McGill University.

The average salary package of MBA graduates in Canada - It is 60,000 to 124,000 USD.

Also Read: Dream Big, Pay Less: Scholarships for Studying Abroad After 12th

Australia: An MBA from Australia has international recognition, which means you can get a job anywhere in the world if you complete your MBA course here. The MBA courses are also relatively affordable compared to other countries listed here. Australia ranks among the five best destinations in the world to pursue an MBA course. Apart from high-quality education, you also get high-end research opportunities that guarantee excellent career opportunities. Australia has 75 MBA courses recognized globally which are backed by an enviable lifestyle of the country.

What you need to pursue MBA in Australia
GRE or GMAT (above 550) scores.
English proficiency score (IELTS (overall 6), or TOEFL(minimum 90))

Cost of studying for an MBA in Australia- The cost of an MBA in Australia could be anywhere between 20,000 to 64,000 USD. 

Top Universities to study MBA in Australia- Melbourne Business School of the University of Melbourne, UNSW Business School of University of New South Wales, Faculty of Business and Economics of Monash University, QUT Business School of the Queensland University of Technology, Sydney Business School of the University of Wollongong.

The average salary package of MBA graduates in Australia- 76,000 to 87,000 USD.

Germany: The best part about studying in Germany is that all the public universities are funded by the government and do not have any tuition fees. So students have to pay no fees or probably a nominal amount as administration fees to study in Germany. This low cost does not affect the quality of MBA courses which are powered by world-class technology and many research avenues. Germany is booming with technological startups and new businesses owing to its geographical location, which has paved the way for new entrepreneurs and customers.

What you need to pursue MBA in Germany 
GRE or GMAT (above 550) scores.
English proficiency score (IELTS (overall 6.5), or TOEFL(minimum 90))

Cost of studying for MBA in Germany - Studying MBA in Germany could cost you somewhere between 26,000 to 51,000 USD. 

Top Universities to study MBA in Germany - EU Business School, Munich, Frankfurt School of Finance and Management, Munich Business School, MBA in International Management at Reutlingen University, Technical University of Munich.

The average salary package of MBA graduates in Germany - 1,00,000 to 116,000 USD. 

Singapore: Singapore in the Asia-Pacific region is a well-established destination for higher education. Singapore is known to be one of the safest cities to study abroad in as its government has strict non-tolerance policies against ragging on campus and drug abuse. Singapore is an innovative and dynamic business-friendly place, with English being the main language of study in all universities within the country.

What you need to pursue MBA in Singapore 
GRE or GMAT scores (not mandatory.)
English proficiency score (IELTS, or TOEFL)
Minimum CGPA of 2.8 at graduation level (equivalent to B grade or 83%)
Work experience of at least two years.

Cost of studying for an MBA in Singapore - Studying an MBA in Singapore could cost you somewhere between 19,000 to 26,000 USD.

Top Universities to study MBA in Singapore - INSEAD Singapore, Nanyang Institute of Management, The Liverpool MBA at Management School (University of Liverpool), National University of Singapore.

The average salary package of MBA graduates in Singapore - 75,000 to 91,000 USD.

Apart from the top countries listed here, MBA programs offered by a few other countries are also quite popular such as Spain, France, New Zealand, Switzerland, Hong Kong, Ireland, and the Netherlands. You could choose any of the universities listed here to pursue an MBA degree and ensure a thriving career for yourself.

For more assistant please visit study abroad consultancy.