HomeHigher EducationStudy AbroadBest International MBA Study Destinations

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.

Rizwan Ahmed
Rizwan Ahmed
AuditStudent.com, founded by Rizwan Ahmed, is an educational platform dedicated to empowering students and professionals in the all fields of life. Discover comprehensive resources and expert guidance to excel in the dynamic education industry.
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