Best International MBA Study Destinations

One of the most popular post-graduate programs among students who wish to study abroad is an MBA, or Master's in Business Administration. As one of the most sought-after programs in the world, an extensive MBA program will provide you with a firm foundation in business essentials, including accounting, business ethics, marketing, strategy, finance, human resources, and managerial abilities. Obtaining this degree will provide students with global prospects in their profession. With the network of leading, rapidly expanding companies, the value of a degree like an MBA has risen. By pursuing an MBA overseas, students can acquire knowledge of global business strategies and apply them to their future ventures. After earning an MBA overseas, students can pursue roles in management that pay well and continue to advance in their careers. The opportunity to work for international corporations like Microsoft, Google, Amazon, and others is available to students who earned their Master of Business Administration degree from colleges abroad. Choosing the top MBA universities abroad thus becomes the most difficult assignment.

Why Enrol In An MBA Program Abroad?

Students who wish to study abroad can opt for an MBA program due to several reasons as mentioned below:

Enticing compensation package: The average salary received by an MBA graduate from a reputable international business school exceeds that of an MBA graduate from an Indian business school, which is one of the main reasons for taking an MBA abroad.

Remarkable Job Opportunities: A graduate can easily follow their career ambitions with a vast array of possibilities after graduating from a well regarded international business school and obtaining an MBA degree. International students have access to a variety of work prospects in the global labour market. Senior management jobs at prestigious organisations may be made available to students. A foreign MBA will unquestionably aid students in making significant career improvements, whether he/she excels in the entrepreneurial position, establishes his/her career in a new field, or diversifies himself/herself in a new field.

Networking Possibilities: International students who study for an MBA overseas have the chance to network with academic experts, peers from all backgrounds, and possible employers who have a wealth of knowledge in their professions. With such a vibrant network, you can seize upcoming possibilities. Students will gain first-hand knowledge of the dynamic business world and be able to capture the greatest employment prospects thanks to this well-organized and vast company network.

Multicultural Experience: Gaining the necessary interpersonal and communication skills to operate in large organisations will be facilitated by studying abroad. Furthermore, the presence of students from various cultures and backgrounds will present a chance to benefit from their experiences.

Acquire practical expertise: Studying for an MBA abroad will prepare you for modern business challenges and give you a competitive edge in sophisticated management strategies.     

Top Six Study Destinations For MBA: Eligibility Requirements

1. USA: In the USA, earning a bachelor's degree after completing 16 years of study is the primary requirement for an MBA. You can still apply if you hold a master's degree. Prior job experience ranging from two to ten years is required for executive MBAs.

2. UK: Candidates for MBA programs in the UK must have completed three years of undergraduate study or equivalent. The majority of the universities in UK require applicants to have a minimum of three years of full-time managing experience.

3. Canada: A bachelor's degree from an accredited institution is required of all students who seek to pursue an MBA at Canadian universities. They might be required to provide proof of three years of full-time employment in specific circumstances.

4. Australia: A three- to four-year bachelor's degree from an accredited university is necessary to pursue an MBA in Australia. One may need to provide proof of prior employment for a minimum of two to three years depending on the university and course specialisation you choose.

5. New Zealand: For one wishing to study MBA in New Zealand, he/she must possess three to four years of work experience in addition to a degree from an accredited university.

6. Ireland: Students must hold a degree from an accredited university and must have completed three to five years of work experience in order to be eligible to enrol in an MBA program in Ireland.

Exams Necessary To Pursue An International MBA

For MBA studies at any overseas university, passing the GMAT or GRE with a respectable score is essential. GRE and GMAT can each be taken once every 21 days and once every 16 days, respectively, with a maximum of five attempts allowed in a 12-month period. GMAT assesses a candidate's aptitude in integrated thinking, analytical writing, numeric aptitude, critical reasoning, and sentence correction. All study overseas destinations demand an IELTS score of 6.0 to 6.5 as proof of your English language ability.

Annual Cost Of An MBA Education:

The yearly costs to pursue an MBA in different countries is listed below. These prices are approximate.

 

Country	Average Annual Estimated Cost
USA	$10,000 - $35,000 (approx.)
UK	£5,000 - £30,000 (approx.)
Canada	CAD 30,000 - CAD 42,000 (approx.)
Australia	AUD 39,000 - AUD 90,000 (approx.)
New Zealand	NZD 31,000 - NZD 50,000 (approx.)
Ireland	€9,950 - €34,500 (approx.)

MBA Study: Course Length At Each Study Abroad Destination

1. USA: It takes two years and four semesters to complete a full-time MBA degree in the USA. For one wanting to quickly pick up the needed business abilities, one-year MBA programs are a viable option.

2. UK: The typical length of an MBA program in the UK is one year.

3. Canada: On the basis of which of the three MBA programs you choose viz., Generalised, Specialised, and Combined, the course length might range from 10 months to 2 years.

4. Australia: MBA programs at universities in Australia can last anywhere from 18 months to 2 years.

5. New Zealand: For students aspiring to study MBA programs in New Zealand, an average course lasts around a year.

6. Ireland: It will typically take students a year to obtain an MBA from Ireland.

Pursue An MBA Abroad: Scholarships For Indian Students

A number of scholarships are offered to ensure that students have a financially stable stay while they study abroad. Among the most well-liked scholarships are:

1. USA: Students who study in USA can avail of scholarships viz., Humphrey Fellowship Program, and Foreign Fulbright Student Program.

2. UK: The Commonwealth Scholarships, The Chevening Scholarships, and Charles Wallace Scholarships, are the popular scholarships available for students who study in UK.

3. Canada: Students pursuing MBA programs in Canada can apply for Quebec Provincial Government Scholarship.

4. Australia: Australia Awards Scholarships can be availed by students who study MBA programs in Australia.

5. New Zealand: Popular scholarships that students who study in New Zealand can apply for are Palmerston North City Mayor's Goodwill Ambassador Scholarship, New Zealand Commonwealth Scholarships, and New Zealand Excellence Awards (NZEA).

6. Ireland: Students who study in Ireland can apply for The Government of Ireland International Education Scholarship. NUI Galway International Student Scholarships (Sir Peter Freyer Special Merit Scholarship, Max Arthur McAuliffe Special Merit Scholarship) can also be availed.

Job Prospects Post Completion Of An MBA Program Overseas:

MBA is regarded as one of the most lucrative degrees in the world, and its job prospects are very promising. With an international MBA, students can specialise in finance, marketing, technology, or operations, expanding your job options significantly. You might find employment in the sector as a product manager, chief financial officer, business analyst, brand manager, financial analyst, marketing research analyst, data processing manager, or marketing manager, among other positions. In reality, if your practical expertise is strong, you may be able to advance to the top management of a multinational corporation. If you want to further your profession with an appropriate degree, arm yourself and polish your application to the international school of your choice.  

For further assistance or queries students can contact us, Edwise International, and avail of our wide range of services for students on destinations like Universities in UK, study in UK, study in USA, study in Ireland, study in Canada, study in Australia, study in New-Zealand, study in Singapore and many other countries.