Top 10 Foreign Destinations MBA Students Should Look Forward to in 2017

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An MBA degree from offshore campuses is all the rage these days. The prestige of an alma mater, cravings for international exposure, and incessant demand for the truly international employee are a few prominent factors responsible for the upward trend.

With globalisation, India’s economy underwent an upheaval and so did the concept of a foreign degree, especially MBA. Perceived as a prerogative of the elites for long, a foreign degree is fast becoming a living reality for students with average or above average backgrounds. The biggest contributing factor for the changed perception is the rising demands for that truly international professional who can help employer make headways into key markets globally.

The rise in awareness levels and desire for international exposure prior to entering job markets are other contributors for the growing deluge. If you are reading this, odds are high that you are on the hunt for MBA colleges abroad that can satiate your cravings for better industry exposure and holistic learning. Read further, as we discuss the top ten destinations suited for such endeavours.

Top MBA Programme Destination Countries 

Destination country

Top Institutes

Fees

Eligibility Criteria

USA

Harvard Business School, Columbia Business School, The Wharton School Of The University Of Pennsylvania, Stanford Graduate School Of Business, University Of Chicago Booth School Of Business

$150,000 to $160,000

GMAT, TOEFL and IELTS

UK

London Business School, University of Oxford - SAÏD Business School, Imperial College Business School, The London School of Economics and Political Science, Heriot-Watt University - Edinburgh Business School

£10,000 to £15,000

Valid GMAT score and/or an honours degree

Australia

AGSM MBA, University of New South Wales, College of Business and Economics, Australian National University, ANU, La Trobe Business School

 $45,600 to $50,640

 Graduation degree from a recognised university in any stream

Canada

The University of Toronto, Schulich School of Business, Ivey Business School, Sauder School of Business, Desautels Faculty of Management, HEC Montreal

CDN $10,000 - $25,000 annually as tuition fee

Graduate degree, TOEFL

Singapore

James Cook University, Lee Kuan Yew School of Public Policy, Kaplan Higher Education Academy, Management Development Institute of Singapore

S$8,000 to S$27,000

A bachelor’s degree, valid GMAT score or work experience

Spain

ESADE Business School, IESE Business School, IE Business School

INR14.4 Lakhs to INR 50 Lakhs per annum

GMAT and GRE, IELTS or TOEFL

Germany

EU Business School, Frankfurt School of Finance & Management, Jacobs University, Philips University of Marburg

EUR120.00 to 160 per annum tuition fee

Valid GMAT and TOEFL score

France

INSEAD, ESSEC Business School, Sorbonne Graduate Business School, EMYLON Business School

€500 to €600 tuition fee

French Baccalaureat or equivalent degree, CGPE

Italy

SDA Bocconi School of Management, MIB School of Management, Bologna Business School, ESCP Europe- Torino Campus

€850 and €1,000 per annum tuition fee

Italian admission exam, a valid graduate degree

New Zealand

 Eastern Institute of Technology, Waiariki Bay of Plenty Polytechnic, University of Auckland, University of Otago, Victoria University of Wellington

 NZ$26,792 to NZ$44,400

A graduate degree or equivalent, 3-4 years of work experience

The fees stated is in approximation and liable to change.

• United States of America:

Despite the anxiety caused by President Trump’s actions, USA remains the most sought after destination for pursuing a postgraduate degree in business management. The reasons are not too far to seek. Much to the delight of aspirants seeking MBA colleges abroad, the US management landscape is replete with globally acclaimed B-schools. Elaborate infrastructure support, renowned faculty, access to cutting content and technologies, along with great internships that American institutes offer to help you fructify your learning goals and career aspirations. Opportunities are limitless for students with a technical background, as top corporations will go overboard to groom them into reliable and enterprising business leaders.    

o Course Fees:

A degree from the top American B-schools like MIT, Harvard, and New York (Stern) will cost you anywhere around $150,000 to $160,000. Cost-effective options are also available.

o Eligibility:

American B-schools are more inclined towards work experience rather than academic credentials. However, you need to get past GMAT, and other language centric tests, including TOEFL and IELTS.

• England:

The air uncertainty emanating from new visa regime does not dampen UK’s credentials as the leading destination for those eyeing for MBA colleges abroad. The number of credentialed B-schools in and around London is overwhelming. Industry oriented curriculum, top-notch faculty and excellent infrastructure are mutual elements across all prominent B-schools in this part of the world. Students can also leverage on the presence of top businesses across sectors to avail rewarding internship and career opportunities.
o Eligibility: A graduate degree in any stream is sufficient for enrolments in MBA programmes offered by the top institutes. Few may ask for valid GMAT score or an honours degree.

o Course Fees:

You need to pay between £10,000 and £15,000 on an average.

• Australia:

With ample B-school options, Australia is the destination for students seeking MBA colleges abroad. Besides great learning experience, the B-schools Down Under promise lively campuses with the top of the line amenities. However, Australia’s management education has its share of issues. Barring few exceptions, not many of its institutes have made it to the global rankings. The rising intolerance is yet another issue that Indian students have to contend with.     

o Eligibility:

Though the majority of B-schools prefer graduates from any stream, there are establishments that value work experience and professional achievements.

o Course Fees:

It may range from $45,600 to $50,640.

• Canada:

Much like Australia, Canada is welcoming Indian students looking for MBA colleges abroad with open arms. Though Canada falls short of MBA college count when compared to other countries, the quality of education can rival the best in the business. The generous work permits and straightforward immigration process are the prime motivators for Indian MBA degree seekers.   

o Eligibility:

A graduate degree is a requisite for enrolments. As well, you need to clear TOEFL.

o Course Fees:

You are more likely to incur CDN $ 10,000 to $ 25,000 annually as tuition fee.

• Singapore:

Besides diverse management education options, Singapore’s strategic location also makes it a sought after destination for Indian students looking for MBA colleges abroad. The city/state is luring aspirants for the sheer quality of education, better facilities, and lower cost of living. Given its status as the global business centre, aspirants can expect great career options.

o Eligibility:

A bachelor’s degree from a certified institute is the standard requirement. However, a few B-schools may ask for a valid GMAT score or work experience, or both.

o Course Fees:

May range from S$8,000 to S$27,000


• Spain:

Spain is increasingly gaining the attention of Indian aspirants looking for MBA colleges abroad. Thanks to an unprecedented surge in management education in the recent years, you can conveniently find a few of the best MBA programmes in Madrid and Barcelona. As a student, you have an opportunity to explore the rich history and culture that are defining features of Spain. Since the English-speaking population is limited, a special effort to bridge the language barrier is required.

o Eligibility:

Finding B-schools that accept GMAT and GRE is no big deal. For many institutes, IELTS or TOEFL is essential.

o Course Fees:

Consider applying only if you are willing to shell out INR14.4 Lakhs to INR 50 Lakhs per annum.

• Germany:

The ‘land of ideas,’ Germany revisited its immigration policy to keep itself on the global MBA destination map. As well, it went proactive in providing tuition-fee-waiver schemes and scholarships to cut down expenses involved in higher education. The ploy worked and how. Currently, German B-schools are supporting management degree requirements of students seeking MBA colleges abroad.

o Eligibility:

Besides a Graduate degree, German B-schools require valid GMAT and TOEFL score.

o Course Fees:

Since the majority of programmes are government funded, you can expect semester fees as low as €120.

• France:

Priding in its passion for arts, science, culture, and technology, France can be the preferred destination for students seeking MBA colleges abroad. Top quality infrastructure, time served faculty, sprawling campuses, and an intellectually stimulating environment are standard features across all prominent French B-schools. Enticing architecture, panoramic landscapes, and affluent culture come by default for offshore students pursuing degrees in France.

o Eligibility:

French baccalaureate or equivalent degree is required. For French Grandes Ecoles, CGPE (a two-year preparation program) is essential.

o Course Fees:

€500 to €600 is what you pay annually as tuition fee for an MBA programme from a reputable French B-school.

• Italy:

Yet another destination country with a decent record of accomplishment in management education is Italy. The European country has some of the top B-schools offering quality MBA programmes.

o Eligibility: You need to sit for an Italian admission exam conducted annually in September.

o Course Fees: €850 to €1,000 per annum is the tuition fee charged by the top Italian institutes. 

• New Zealand:

New Zealand has a number of top B-schools that keep a steady stream of foreign students. The programmes on offer are at par with established standards and fees within manageable proportions.

o Eligibility:

A graduate degree from a recognised Indian university is required. Many B-schools may ask for 3-4 years of work experience.

o Course Fees:

Anywhere from NZ$26,792 to NZ$44,400
 

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