6 Best Countries To Study MBA Abroad

6 Best Countries To Study MBA Abroad

6 Best Countries To Study MBA Abroad
Sahil Dahal

An MBA (Master's in Business Administration) is a highly sought-after post-graduate program by students. The worth of an MBA degree has grown due to its association with top thriving businesses. Studying for an MBA overseas provides exposure to international business practices that can be applied in future endeavours.

Graduates of MBA programs from foreign universities often have the opportunity to work for multinational corporations like Google, Microsoft, and Amazon. Choosing the best MBA universities abroad, therefore, presents a daunting challenge. Here is the list of the 6 best countries to study MBA abroad.

USA

The US remains at the top of the list for MBA programs. It is the birthplace of the degree and boasts some of the best business schools globally, with prominent alums such as former Presidents.

MBA programs in the US typically last for two years and include a summer internship, providing students with hands-on experience and the chance to work at a particular company. The extended duration of the program allows students to assess their career options better and create networks, and some courses also include international residency periods.

Here is detailed information on studying MBA in the USA:

  1. Best universities: Harvard Business School, Stanford Graduate School of Business, the University of Pennsylvania Wharton School, MIT Sloan School of Management, etc.
  2. Cost: On average, studying MBA in the USA can range from $50,000 to $100,000+ per year, depending on the university and location.
  3. Course duration: Most MBA programs in the USA are full-time, two-year programs. However, some universities also offer one-year or part-time options.
  4. Top career options: Investment Banking, Management Consulting, Technology, Marketing, Healthcare, etc., are some of the popular career paths for MBA graduates in the USA.
  5. Salary: The average starting salary for MBA graduates in the USA can range from $100,000 to $200,000+, depending on the industry and location.

UK

The United Kingdom comes in second on the list. London is recognised as the most competitive financial centre in the world by the Global Financial Centers Index, making the country appealing to MBA aspirants.

Many top-performing schools, such as London Business School, London School of Economics, and UCL, are located in the capital, offering students opportunities to gain experience and connections in the financial hub of Europe.

Here is detailed information on studying MBA in the UK:

  1. Best universities: London Business School, Cambridge Judge Business School, Oxford Saïd Business School, Imperial College Business School, etc.
  2. Cost: On average, the cost of studying for an MBA in the UK can range from £30,000 to £60,000+ per year, depending on the university and location.
  3. Course duration: Most MBA programs in the UK are full-time, one- to two-year. Some universities also offer part-time or online options.
  4. Top career options: Finance, Marketing, Management Consulting, Technology, Healthcare, etc., are some of the popular career paths for MBA graduates in the UK.
  5. Salary: The average starting salary for MBA graduates in the UK can range from £40,000 to £100,000+, depending on the industry and location.

Canada

Canada, another North American country, takes the third spot. MBA candidates favour Canada due to the high-quality business schools and the job prospects after graduation. 6 out of the top 100 business schools in the QS Global MBA Rankings 2018 are located in Canada.

Here is detailed information on studying MBA in Canada:

  1. Best universities: the University of Toronto Rotman School of Management, York University Schulich School of Business, Western University Ivey Business School, HEC Montréal, etc.
  2. Cost: On average, studying MBA in Canada can range from CAD 30,000 to CAD 50,000+ per year, depending on the university and location.
  3. Course duration: Most MBA programs in Canada are full-time, one- to two-year. Some universities also offer part-time or online options.
  4. Top career options: Banking, Consulting, Technology, Marketing, Healthcare, etc., are some popular career paths for MBA graduates in Canada.
  5. Salary: The average starting salary for MBA graduates in Canada can range from CAD 70,000 to CAD 150,000+, depending on the industry and location.

Australia

Australia, an English-speaking country, comes next on the list. Australia's status as a top MBA destination has been solidified with many highly-ranked business schools, a thriving entrepreneurial culture, and a desirable lifestyle.

Being near the booming financial and business hubs in Southeast Asia, students in Australia have numerous opportunities for learning and exchange.

Here is detailed information on studying MBA in Australia:

  1. Best universities: the University of Melbourne, University of Sydney Business School, Australian Graduate School of Management (AGSM), Monash Business School, etc.
  2. Cost: On average, studying MBA in Australia can range from AUD 40,000 to AUD 80,000+ per year, depending on the university and location.
  3. Course duration: Most MBA programs in Australia are full-time, one- to two-year. Some universities also offer part-time or online options.
  4. Top career options: Banking, Consulting, Technology, Marketing, Healthcare, etc., are some popular career paths for MBA graduates in Australia.
  5. Salary: The average starting salary for MBA graduates in Australia can range from AUD 80,000 to AUD 150,000+, depending on the industry and location.

Germany

Germany is renowned for its innovative and tech-driven culture. It is a top economy and a leader in the automotive and electrical sectors. MBA students in Germany benefit from the academic excellence of the country's business schools and the numerous networking opportunities offered by its business landscape, including companies like Mercedes-Benz, BMW, Siemens, Deutsche Bank, and Bosch.

Here is detailed information on studying MBA in Germany:

  1. Best universities: ESMT Berlin, Frankfurt School of Finance & Management, University of St. Gallen, HHL Leipzig Graduate School of Management, etc.
  2. Cost: On average, the cost of studying MBA in Germany can range from €20,000 to €50,000+ per year, depending on the university and location.
  3. Course duration: Most MBA programs in Germany are full-time, one- to two-year programs. Some universities also offer part-time or online options.
  4. Top career options: Consulting, Technology, Manufacturing, Banking, Healthcare, etc., are some of the popular career paths for MBA graduates in Germany.
  5. Salary: The average starting salary for MBA graduates in Germany can range from €50,000 to €100,000+, depending on the industry and location.

France

France is the sixth country on this year's top 10, with 19.4% of respondents indicating interest in studying in France for their MBA. France was the first in Europe to offer the MBA degree and continues to offer a highly competitive business education, with two of the top three programs in the QS Global MBA Rankings 2018 based there.

MBA students in France can take advantage of the financial and business centre of Paris, close connections to many other major political and economic cities in Europe and the opportunity to learn one of the world's most important languages.

Here is detailed information on studying MBA in France:

  1. Best universities: HEC Paris, ESCP Europe, INSEAD, Audencia Nantes School of Management, etc.
  2. Cost: On average, studying an MBA in France can range from €20,000 to €50,000+ per year, depending on the university and location.
  3. Course duration: Most MBA programs in France are full-time, one- to two-year. Some universities also offer part-time or online options.
  4. Top career options: Consulting, Finance, Luxury Goods, Technology, Healthcare, etc., are some of the popular career paths for MBA graduates in France.
  5. Salary: The average starting salary for MBA graduates in France can range from €50,000 to €100,000+, depending on the industry and location.

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