MBA abroad – Benefits, Eligibility, Fees, and Top Colleges

Masters of Business Administration (MBA) is a postgraduate degree program that opens up global opportunities for its aspirants. MBA abroad is one of the most pursued courses across the globe. An extensive MBA curriculum gives students a strong foundation in business fundamentals like accounting, marketing, finance, management, business ethics, strategy, and human resources.

With numerous top-rated colleges in India for MBA, students still choose to pursue their MBA abroad. Several factors like the stiff competition in India and also the array of opportunities provided by foreign countries swift students towards pursuing an MBA abroad. Another reason for this is that the MBA colleges abroad offer a global and diversified composition of class resulting in a life-lasting global network of friends. This opens numerous professional and business opportunities for MBA abroad aspirants. Now, let us briefly go through a few reasons why MBA abroad for Indian students is beneficial.

Why Study MBA Abroad?

Completing your MBA Abroad will provide you a globally recognized degree along with job opportunities abroad with better financial prospects. Find below a non-exhaustive list of reasons why MBA abroad for Indian students can be beneficial.

Globally Recognized Colleges

Pursuing MBA Abroad offers you an opportunity to complete your course from top economically developed countries like the UK, USA, Australia, Germany, and many others.

Varied Specializations

The best MBA colleges abroad offer various MBA specializations like marketing, management, accounting, etc. these specializations can be pursued part-time, full-time, or even online as per your convenience.

Practical Approach

MBA courses abroad are designed such that they focus more on the practical aspects and application of business. This makes it easier for you to adapt to the professional world smoothly due to higher applicability of the material taught during MBA.

Global Job opportunities

Pursuing MBA Abroad increases your scope of recruitment manifolds. It offers an opportunity to work with some of the world’s most prestigious companies worldwide. After completing your MBA course abroad, you become an ideal candidate to be recruited by companies like Google, Amazon, Intel, Apple and others which also provide you the flexibility to work in any geographical location as a part of their graduate recruitment program.

Networking opportunities

Studying MBA abroad exposes students to numerous opportunities like networking with people from diverse backgrounds, potential employers, and other experienced people in their respective fields. This exposure to such a dynamic network may unlock promising opportunities for students in the future.

Huge Funding Options

Because of the high demand for MBA abroad for Indian students, there are many MBA scholarships available for assistance.

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MBA abroad eligibility and requirements

A bachelor’s degree from an Indian university is a must to apply for an MBA college abroad. You may get some extra points in the admission procedure if your bachelor’s degree is from a reputed college like an IIT, SRCC etc. Some MBA colleges abroad also require work experience. So, it is advised to check the eligibility criteria before applying to top MBA colleges abroad. We have listed down a few general eligibility guidelines that Indian students must be aware of if they wish to pursue an MBA abroad:

MBA entry requirements in the U.S.

Common admission requirements for best colleges for MBA abroad in American business schools:

• Four-year Bachelor’s degree from a U.S. institution or its international equivalent.
• Resume.
• Personal Statement.
• Minimum of two to three years of work experience.
• Two professional letters of recommendation.
• GMAT score over 600
• English proficiency test results. (TOEFL is the most commonly required test. TOEFL minimum scores: 550-600 for paper-based and 213-250 for computer-based)

Some top MBA colleges abroad may accept candidates without work experience, but their first preference is candidates with professional backgrounds.

MBA entry requirements in Europe

Common admission requirements for best colleges for MBA abroad in European business schools:

• A Bachelor’s degree or equivalent
• At Least 3 years full-time work experience
• GMAT, GRE or pass university/college admissions test
• English language certificate (knowledge of a second language is a plus)
• English proficiency test results. (TOEFL and IELTS are the most preferred)

Some of the best MBA colleges abroad consider successful professional accomplishments more valuable than the actual duration of work experience. So, if you feel confident about your career achievements, lack of work experience shouldn’t stop you from pursuing MBA abroad.

Best MBA colleges abroad

Here are the 5 best MBA colleges abroad for Indian students:

London Business School

London Business School comes on top of the list of best MBA abroad colleges as it provides a robust and analytical grounding in the techniques required for a successful career. It also enables students to shape their MBA abroad courses in line with their professional goals. The MBA program is as flexible as possible with tailored core courses, flexible exit points, 50+ electives, and various applied learning opportunities

Power your career with access to a global professional network and leading recruiters. Also, 91% of London Business School graduates receive a job offer within 4 months of MBA abroad completion.

Harvard Business School

Harvard Business School offers a two-year, full-time MBA program. Their MBA program focuses on real-world practices and a general management curriculum. Your peers, staff, and faculty challenge you and help accelerate your path towards your goal.

It is one of the best MBA abroad colleges for Indian students because it focuses on lifelong learning and career support. Students at this MBA abroad college can use their learning in independent studies and experiential field programs and gain a real-world understanding of their field. Almost 95% of Harvard Business School graduates have jobs within a year of completing their MBA abroad.

Wharton Business school

The MBA program at Wharton Business School offers an intensive and flexible core in business education. It is one of the best MBA abroad colleges because it offers 19 majors, with nearly 200 electives to choose from. You can customize your learning through the selection of your majors and electives and majors.

The faculty members at this MBA abroad institution help students by challenging them with scenarios and propelling them to lead with strategic thinking. The faculty members at Wharton are leaders in their fields and their broad expertise makes Wharton one of the best MBA abroad colleges. 98.5% of Wharton graduates reported full-time job offers and 93.5% were employed within 3 months after completing the MBA abroad course.

INSEAD

INSEAD is one of the best MBA colleges abroad as its accelerated 10-month curriculum develops successful entrepreneurs and leaders. The MBA program at this MBA abroad university is powered by learned and experienced faculty. The professors from INSEAD, France are known for their rigor and relevance of research.

Whether you want to pursue an MBA abroad to maximize your pre-determined career goals or find your true career passion, INSEAD’s Career Development Centre helps students in finding a life-long career. 92% of INSEAD’s students get employment opportunities within 3 months of course completion.

Stanford Graduate School of Business

The Stanford MBA Program is a full-time course where you learn from world-class faculty, industry leaders, and guest speakers. This top MBA abroad college offers exceptional classroom experiences through case studies, prototyping, seminars, hands-on experiences, multifunctional teams, and project-based courses.

Learn the latest leadership and business concepts and collaborate and innovate with accomplished classmates from across the globe, experienced faculty members, and industry leaders. Also, 91% of students from this top MBA abroad college have job offers by 3-Months of completion of the course.

Conclusion

Every business administration aspirant wishes to enroll themselves in the best MBA colleges abroad. If you are mulling over the possibilities of pursuing an MBA abroad, make sure to weigh in the benefits of the program concerning your professional aspirations. You must first be clear about what your goals are and how an MBA abroad will help you in achieving them.