MBA abroad for Indian students | Colleges in budget

MBA programs abroad

Every student’s dream is to study an MBA abroad, and nothing beats overseas countries offering affordable MBA programs. According to a 2020 Graduate Management Admission Council (GMAC) survey, 81% of Indian students want to study abroad in 2022, up from the previously recorded 76%. The United States, Australia, Canada, and New Zealand are among India’s top choices for an MBA. Continue reading to learn about some of the best colleges for MBA abroad for Indian students.

Why do students choose to study MBA abroad?

An MBA is among the most popular degrees among students aspiring to be top-tier corporate executives. There is a lot of regard for management studies for their high ROI and relevance in today’s globalized society. Students can choose and seek admission at various MBA colleges abroad, ranging from the lowest fees to the multiple domains covered.

Tuition fees

Let’s take a look at the tuition fees for studying MBA in several countries abroad-

Country	Average tuition fees for international students per annum	Average tuition fees for international students per annum (in INR)
Australia	39,000 AUD	22,18,162
Canada	30,000 CAD	18,19,567
New Zealand	31,000 NZD	16,31,884
UK	5,000 EUR	4,19,727
US	10,000 USD	7,59,536

Colleges to pursue MBA abroad for Indian students

The Memorial University of Newfoundland, Canada

Memorial University of Newfoundland (MUN) ranks as one of Canada’s top MBA colleges abroad. MUN is the most economical university in Canada for international students. The Memorial University of Newfoundland provides courses at low tuition fees and incorporates consistent training techniques. This university has four campuses, St. John’s, Grenfell, Signal Hill, and Harlow. It offers a wide range of academic programs in an urban setting. The university is regarded as one of the best MBA colleges worldwide.

QS world ranking 2022- Under 800

QS subject ranking 2022- 601-800

Programs 

• MBA in Social Enterprise and Entrepreneurship
• Master of Science (M.Sc.) in Management
• Master of Employment Relations (MER)

Annual tuition fees for international students

CAD 4, 833 or INR 2,93,132

Scholarships 

• Faculty Of Business Administration MBA Entrance Scholarships

• Faculty Of Business Administration MBA Indigenous Entrance Scholarship

University of Victoria, Canada

The University of Victoria is a well-known public research university in British Columbia. It has over 21,000 students, making it one of Canada’s most prestigious universities and one of the top MBA colleges in the world with low tuition. The University of Victoria is undoubtedly the best low-cost MBA college in the world.

QS Ranking 2022- 370

QS Subject Ranking 2022- 2nd out of 15 in MBA

Programs 

• Daytime and Weekend MBA in Sustainable Innovation

Annual tuition fees for international students

EUR 35,884 or INR 29,61,685

Scholarships 

• Ritchie Foundation MBA Entrance Scholarship

• MBA Pay-it-Forward Award

• James A. Mossey Award

EU Business School, Barcelona

One of the cheapest MBA colleges in Spain, the EU Business School (EU) is a well-regarded private higher education school in the field of business studies in Spain. It was founded in 1973 and is accredited by eduQua, Switzerland’s first quality mark for higher education institutions. EU Business School’s MBA program is  recognized for excellence by America Economia in its Global MBA Ranking 2021 and is known for having the lowest fees worldwide.

University College of Birmingham, UK

University College of Birmingham is very popular among international students. Students from over 60 countries come to the university for high-quality but affordable education. Employers and industry value University College Birmingham’s profession-focused education and training. It is one of the world’s top scholarly institutions that offers a low-cost MBA abroad.

QS Ranking 2022- 90th

QS subject ranking 2022- 6th in MBA in UK

Programs 

• MBA in International Business, Global Ranking & Finance

• Executive MBA

Annual tuition fees for international students

EUR 31,500 or INR 26,44,281

Scholarships 

• Academic Excellence Scholarship

• Sporting Excellence Scholarship

• The Masters Intern Bursary

Technical University of Munich, Germany

The Technical University of Munich is one of Europe’s top institutions. The Technical University of Munich provides MBA courses at affordable tuition fees. According to Reuters, TUM is Europe’s fourth most innovative university.

The university has designed the Executive MBA in Innovation and Business Creation for professionals and executives. The program combines solid academic management with individualized start-up and innovation consulting, providing a once-in-a-lifetime opportunity to learn and develop entrepreneurial skills.

QS Ranking 2022- 50th

QS Subject Ranking 2022- 74th in MBA

Programs 

Executive MBA in Innovation and Business Creation

Annual tuition fees for international students

EUR 14,400 or INR 12,08,814

Scholarship

Onetime financial aid between 500 EUR-1,500 EUR per semester

Key takeaways

• Students choose to study MBA abroad as it provides great career opportunities and skill development. These courses can help Indian students acquire managerial positions with high salaries and better career prospects.

• The management field is on the rise in today’s globalized world. Students can choose from various MBA colleges abroad that provide affordable courses in different study domains.

• There are many colleges and universities that provide affordable courses, such as the Technical University of Munich, Germany, EU Business School, Barcelona, Memorial University of Newfoundland, Canada, and more. 

Did you find this blog informative? If so, please share your thoughts in the comments section below. Click here to contact us for more information on MBA abroad for Indian students. We would be happy to assist you with your queries.

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FAQs

Q1. Which country is best for an MBA for Indian students?

Ans- The United States of America ranks first among the top five countries for MBA study abroad. The United States is home to some of the world’s best universities, which offer the best Master of Business Administration programs to international students.

Q2. Which MBA courses are most in demand abroad?

Ans- 7 most popular MBA specializations abroad-MBA in International Business, MBA in Business Analytics & Big Data, MBA in Marketing, MBA in Finance, MBA in Strategic Management, and MBA in Operations Management.

Q3. Can I do MBA abroad without an entrance exam?

Ans- Yes, you can! There are several business schools in Canada that provide MBA programs without the GMAT. You need to check the requirements before applying for an MBA program.