Table of Contents
- Why pursue MBA overseas?
- Benefits of studying MBA abroad
- High salary
- Global network
- Academic prerequisite
- Application prerequisites
- Application processes
- Best countries for MBA
- The United States
- United Kingdom
- Key takeaways
Why pursue MBA overseas?
Studying an MBA abroad allows you to acquire insights into international business and apply these strategies in future projects. Students with a Master of Business Administration degree from an international university have the opportunity to work with multinational corporations such as Google, Microsoft, and Amazon. As a result, selecting the best MBA universities abroad becomes the most challenging task. So let us find out the best countries for MBA.
Benefits of studying MBA abroad
Here are the benefits that will convince you to study overseas
It is one of the most important reasons to pursue an MBA from an international business school. An MBA graduate from a reputable foreign business school earns significantly more than an MBA graduate from an Indian business school. You make twice as large an amount of money as you deserve.
Excellent career opportunities
If you graduate from a well-known international business school, you will have a high chance of obtaining a senior management position on a global scale. Most MBA graduates can pursue a more diverse and broad range of opportunities in top management positions or as entrepreneurs. As a result, they are venturing into successful business people.
Top MBA countries ensure one of the most critical factors for business success. Studying MBA abroad exposes you to a pool of opportunities and learning alongside top professionals. You may also speak with industry experts.
Here is the criteria for studying in the best country for MBA
A full-time bachelor’s degree from a reputable university or college is required. Get good grades to get into top-tier MBA programs around the world.
Exams required for MBA programs abroad
GMAT and GRE are the standardized exams universities abroad accept for MBA admission. International students’ most common language proficiency exams are IELTS, TOEFL, and PTE.
Applying for an MBA at an international university necessitates submitting a resume, a reference letter, and essays as specified by the university.
The significant steps students must take to complete the application process are course and country selection, profile evaluation, university selection, required documents, and so on.
Best countries for MBA
Take a look and choose the best country for MBA according to you.
The United States
The United States is once again at the top of the list. The country invented the degree and is home to many of the world’s top business schools, with alums including former US presidents.
MBA programs in the country typically last two years and include a summer internship. It also provides students with real-world experience and the opportunity to learn about a specific company. The course length also allows students more time to explore their career options and build networks, as many courses include residential stays abroad.
Top universities in the USA
- Stanford Graduate School of Business
- Harvard Business School
- Penn (Wharton)
- MIT (Sloan)
- Columbia Business School
The United Kingdom is ranked second. The Global Financial Centres Index currently ranks London as the world’s most competitive financial center, and it is this competitive edge makes the country so appealing to prospective students.
Many of the country’s top-performing institutions (London Business School, the London School of Economics, UCL, and so on) are based in the capital, giving students insight and connections into Europe’s financial heart.
However, as the UK approaches the European exit door, it remains to be seen whether it will remain as appealing to prospective MBA students in the future.
Top universities in the United Kingdom
- London Business School
- Chicago (Booth)
- Oxford (Said)
- Cambridge (Judge)
- Imperial College Business School
Canada, another North American country, comes in third place. Canada remains a popular destination for prospective MBA students due to lower fees, the quality of its business schools, and the employment opportunities available after graduation.
In Canada, the MBA program lasts two years. Some universities, however, require 18 months to complete the course. The QS Global MBA Rankings 2022 include 280 Canadian business schools.
Canada’s annual cost of living ranges between CAD 5,000 and CAD 10,000. It makes studying in Canada more affordable.
Top universities in Canada
- Toronto (Rotman)
- Queen’s (Smith)
- Western (Ivey)
- McGill (Desautels)
- York (Schulich)
Thanks to several highly ranked business schools, a strong entrepreneurial mindset, and a unique lifestyle, Australia has become a top MBA destination in recent years. Because of Southeast Asia’s growing financial and business hubs, students in the country have a plethora of learning and exchange opportunities.
Top universities in Australia
- Melbourne Business School
- UNSW (AGSM)
- Monash Business School
- Macquarie Business School
- UQ Business School
Germany is well-known for its automotive and electrical industries. It has a technologically advanced and innovative economy. Popular public business schools in Germany are among the best places to pursue a Master of Business Administration degree. Students have the opportunity to work with international organizations such as Mercedes-Benz, BMW, Siemens, and others.
Top universities in Germany
- Mannheim Business School
- Frankfurt School of Finance & Management
- WHU (Otto Beisheim)
- ESMT Berlin
- EU Business School
France introduced MBAs to Europe and is home to some of the world’s best universities. It is the most popular non-English-speaking MBA country. The FT Global MBA Rankings 2022 place INSEAD in the top ten, with six schools ranking in the top 100. Those studying in the country benefit from Paris’s financial and business hub and close connections to many of Europe’s other prominent political and economic cities.
Top universities in France
- HEC Paris
- ESSEC Business School
- Grenoble Graduate School of Business
- EDHEC Business School
While Spain remains a popular MBA destination for students from all over the world, students from Latin America are especially fond of the country. Or by students who want to work in a Spanish-speaking country or region after graduation.
Many Spanish cities are important financial centers, including Barcelona, the largest port on the Mediterranean Sea. Aside from that, the country’s rich culture is a significant attraction, with many artists, musicians, and athletes from Spain.
Top universities in Spain
- ESADE Business School
- IESE Business School
- IE Business School
- ESIC University and Business & Marketing School
- EADA Business School
- Choosing one of the best countries for MBA degrees allow students to build a successful career.
- MBA graduates hold top positions in various industries, and some of the world’s most well-known companies, including Google, Amazon, and Microsoft, actively recruit MBA-qualified students.
- MBA abroad will expose you to a new culture and way of life but also help you gain knowledge of international business.
Did you find this blog helpful? Please share your thoughts and perspectives in the comments section below. For more information on MBA countries, please get in touch with us by clicking here. We would be delighted to assist you with your queries.
Liked this blog? Read next: Which stream is best for MBA | All you need to know
Q1. Which university is the number one university for MBA in the world?
Answer- According to Business School Rankings 2022, Penn (Wharton) is the number one university for MBA.
Q2. Which MBA has the highest salary?
Answer- According to the BLS, some of the highest-paying management occupations associated with MBA concentrations include computer and information systems management, financial management, marketing management, and human resources management.
Q3. Is MBA a good career option?
Answer- An MBA can improve your professional marketability and increase the quality and quantity of job prospects. An MBA can help you develop business leadership skills and a professional network.