MBA Abroad For Indian Students – All you need to know (Updated 2022)

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Piyush Bhartiya
Modified on 2018-11-17 
Read time: 18 mins

MBA is the most sought-after graduate program in the world. Pursuing MBA can be treated as a future investment. Reasons for enrolling in MBA abroad for Indian students are that it is widely recognized, increases earning potential, develop networking contacts, start your own business, learn about a specialization based on interest and anybody can pursue it.

mba abroad for indian students

MBA is also most preferred among the recruiters. It helps in building cross-functional skills and essential soft skills. An MBA degree may provide you with a plethora of chances, which is why studying overseas for Indian students is usually a fantastic decision. Indian students can pursue high-quality MBA degrees abroad in nations such as the United States, the United Kingdom, Canada, Germany, and Australia.

Why MBA Abroad?

Pursuing an MBA Abroad allows you to obtain an internationally recognised degree while also exploring work prospects abroad with a greater pay and professional advancement. The IMF predicts that the quantity of liquidity in the globe following a recession would increase global traction, resulting in extraordinary growth in 2022/2023. As a result, students who want to start studying in 2021 should not hesitate to pursue their aspirations.

Here are some of the main reasons why you might consider obtaining an MBA from abroad:

  • Global Recruiters: MBA Abroad has a broad reach since it allows you to collaborate with organisations all around the world. You can work for Amazon, Google, Intel, or BCG in any nation you desire.
  • MBA Colleges Abroad Offer a Variety of MBA Specialties: MBA Colleges Abroad offer a variety of MBA specialisations to select from. You can study these specialities full-time, part-time, online, or from a distance, depending on your needs.
  • Practicality: MBA Abroad course curriculum is developed in such a manner that it focuses more on the practical parts and applications of business and management, taking considerably less time to prepare for your MBA career abroad.

MBA Abroad vs MBA in India

There is a significant difference between an MBA abroad and an MBA obtained in India. Here are a few important factors that distinguish MBA Abroad from MBA India.

Top CollegesLondon Business School, HEC Paris, IESE Business School, The Wharton School, Melbourne Business School, etcMDI Gurgaon, IIM Bangalore, IIT Kharagpur, XLRI Jamshedpur, SPJIMR Mumbai, etc
Average Fees (INR)20 to 80 Lakhs12 to 30 Lakhs
Language Proficiency TestTOEFL and IELTSNone
EligibilityA bachelor’s degree in business or a similar discipline is required, as well as 3 to 5 years of work experience.A graduate degree in any field from a recognised university is required.
MBA Entrance ExamsGMATCAT/MAT/XAT/CMAT/GMAT
Duration1 to 2 years2 years
Work Experience3 to 5 years2 years
Average Annual Salary (INR)18 to 60 Lakhs5 to 25 Lakhs
Source : Akshat Shrivastava

Top MBA Abroad Stations For Indian Students

Every year, thousands of Indian students go abroad to study MBA. USA, Canada, Germany, Australia and UK are a few top countries to study for international students. Let’s understand the eligibility and top universities of these countries for MBA for Indian students.

MBA in USA

Most of the top universities around the world are located in the United States and thus, MBA abroad for Indian Students is a huge potential for the students who are residents of India. However, there are many requirements for students from India in order to get admission into a US University.

The basic requirements for Indian Students to get admitted into a US University are:

In addition to this, the top universities in the US for Indian Students to pursue their MBA courses are:

Name of the CollegeDurationGMAT ScoresAverage Cost
Harvard Business School1 to 2 years730INR 1,11,70,692 (146,880 USD)
University of Pennsylvania Wharton1 to 2 years710INR 1,23,79,221 (162,756 USD)
Stanford Graduate School of Business1 to 2 years737INR 1,13,64,276 (149,412 USD)
MIT Sloan1 to 2 years724INR 1,17,03,876 (154,336USD)
Columbia Business SchoolEqual to or more than 3 years.717INR 1,17,77,437 (154,752USD)

Check out: MBA in USA


Best MBA Colleges In USA For Indian Students

Here is the list of best MBA colleges abroad for Indian students:

  • Harvard Business School, USA
  • Stanford Graduate School of Business USA
  • University of Pennsylvania, USA
  • Sloan School of Management (MIT) , USA
  • Chicago Booth School of Business (University of Chicago), USA
  • Columbia Business School (Columbia University), USA
  • Stern School of Business, USA
  • Haas School of Business (University of California, Berkeley) USA
  • Anderson School of Management (UCLA),USA
  • Marshall School of Business (USC),USA
  • Robert H Smith School of Business, University of Maryland USA
  • UC Davis Graduate School of Management (University of California, Davis), USA
  • Carey Business School, John Hopkins (University in Baltimore, Maryland), USA
  • McDonough School of Business, Georgetown University, USA

MBA in Canada

MBA Courses in Canadian Universities are much more recommended for students coming from abroad. This has been happening because, the education system of Canada is publicly funded, and therefore, the quality of the courses is much better at an affordable cost as well. Moving forward, the main requirements for Indian Students to study MBA in Canada are:

  • A Bachelor’s or an equivalent degree from a recognized university. 
  • A certain time of work experience is also recommended to have for the students.
  • A score of 6.5 IELTS or TOEFL Score. 
  • GMAT Score above 500 as well.

In addition to this, the top universities in Canada for Indian Students to pursue their MBA courses are:

Name of the CollegeDurationGMAT ScoresAverage Cost
Schulich School of Business2 years660INR 29,68,621 (39030 USD
Desautels Faculty of Management1 year660INR 55,90,410 (73500 USD)
Ivey Business School1year667INR 67,02,787 (88125 USD)
Smith School of Business1year654INR 54,16,993 (71250 USD)
Rotman School of Management2 years669INR 33,91,287 ( 44,587 USD)

Check Out: MBA in Canada


MBA in Germany

MBA Abroad for Indian Students, precisely in Germany will be a beneficial factor for students from India. This is because Germany takes its education system very seriously. The country has also different features like state-of-the-art infrastructure, it has top-class facilities and includes no tuition fees as well. Thus, the eligibility requirements for Indian Students to pursue their MBA Course from Germany are – 

  • Bachelors or an Equivalent Degree from a recognized university.
  • Around 2-3 years of Work experience.
  • Above 550 Score in GMAT.

Top Universities in Germany to pursue MBA are:

Name of the CollegeDurationGMAT ScoresAverage Cost
European Business School1 to 2 years550INR 32,32,550 (42500 USD)
Frankfurt School of Finance and Management1 year660-730INR 32,08,210 (42180 USD)
European School of Management & Technology (ESMT)1 year640INR 20,00,378 (26300 USD)
WHU-Otto Beisheim Graduate School of Management1 year600INR 34,22,700 (45000 USD)
Mannheim Business School1 year600INR 33,61,852 (44200 USD)

Check Out: MBA in Germany


MBA in Australia

MBA Abroad for Indian Students is a great option and moreover, MBA in Australia for Indian Students is a better option as well. Indian Students should try to pursue their MBA Courses from Australia because it will help them to improve their career as the faculty and the infrastructure in the Australian Universities are much better compared to other countries. Thus, the basic eligibility requirements for Indian Students to get into Australian Universities are –

  • Minimum Education or 10+2+3 is required for an Indian Student to study MBA in Australia. 
  • A Bachelors Degree or equivalent from a recognized university or institution with at least a 60% score.
  • GMAT Score above 590.

The top universities in Australia for pursuing MBA are:

Name of the CollegeDurationGMAT ScoresAverage Cost
AGSM16 months660INR 44,08,437 ( 57,960 USD)
Melbourne Business School1 year650INR 47,00,508 (61,800 USD)
La Trobe Business School18months600 or moreINR 21,09,752 (27,738 USD)
Monash Business School2 years600 or moreINR 23,09,181 (30,360 USD)

Check Out: MBA in Australia


MBA in UK

MBA abroad for Indian Students is of huge potential and Indian Students should specifically choose to pursue their MBA Courses from the United Kingdom. This is because Universities in the UK are of only one-year duration compared to Universities in Canada and the USA where they have MBA courses for a time span of three years.

The requirements for Indian Students to pursue their MBA Courses from the UK are:

  • Three years of Full-Time work experience, however, is not valid in every University in the UK.
  • A Bachelor’s Degree or a degree equivalent from a recognized university. 
  • At least a score of 6.0-6.5 in IELTS.

In addition to this, the top universities in the UK for Indian Students to pursue their MBA courses are:

Name of the CollegeDurationGMAT ScoresAverage Cost
Warwick Business School1 year660INR 38,15,017 (50,158 USD)
Cambridge Judge Business School1 year640-730INR 53,75,929 (70,680 USD)
Said Business School1 year690INR 56,10,718 (73,767 USD)
London Business School1.25 years701INR 82,90,540 (109,000 USD)
Alliance Manchester Business School1 year600+INR 41,49,833 (54,560 USD)

Check Out: MBA in UK


MBA in France

France is another very amazing study abroad destination. The MBA programs in France do not get the attention. But, if you consider then France is a magnificent country for pursuing MBA.

Top Business Schools in France:

Two of the most competitive and top-ranked management institutions in the world are located in France – INSEAD and HEC Paris. In addition to this, ESSEC, EDHEC, ESCP Europe (Paris), Grenoble Business School, Emylon Business School, SKEMA Business School are prominent.

MBA Tuition Fees in France:

USD $70,000 to $98,000 (INR 45–65 Lacs)


Check Out: MBA in France


Best MBA Abroad 

There are various different courses that are available for the students after they have completed their MBA. The best courses are considered to be Financial Risk Management, Chartered Financial Analyst, PhD in Management, Data Science, Data Analyst, Executive MBA, SAP Course and many other courses are recommended as well. 

MBA in Finance

The eligibility for the students in pursuing MBA in Finance is that the students will need to study the course for a duration of two years. 50% marks in Bachelor’s Degree and Entrance Examination scores are also required.

MBA in Marketing Abroad 

MBA in Marketing from a university in Abroad needs a lot of different requirements and the main requirements include Bachelor’s degree from a recognized university with at least 50 percent scores and Entrance Exam scores are also required as well. 

MBA in Digital Marketing

MBA in Digital Marketing from a university Abroad needs a lot of different requirements and the main requirements include Bachelor’s degree from a recognized university with at least 50% scores and Entrance Exam scores are also required as well. 

MBA in International Business

The requirements for MBA in International Business are that the students will need to have a Bachelor’s Degree with a minimum of 50-60% marks and register and take a suitable entrance exam like GMAT or TOEFL. 

MBA in Interior Designing

In order to do MBA from Abroad in Interior Designing, the student must have to pass graduation with any stream and they will also need to sit for certain entrance exams like TOEFL, IELTS or GMAT as well.

MBA in Hotel Management

To pursue MBA in Hospitality from Abroad, the students will need to have a bachelor’s degree with a minimum of 50% grades and moreover, they will also need to have work experience of around 3-5 years in their field of work as well. 

MBA in Data Analytics

The student will need to have a minimum percentage of 50-60% in their bachelor’s Degree and moreover, they will also need to have work experience and IELTS or TOEFL Scores around 4.5-7.0 as well.


Check Out: MBA in Singapore


Entrance Exam for MBA in Abroad

The various entrance examinations that are needed to be given by the students in order to get admitted into a University Abroad. For pursuing MBA, the students will need to sit for an entrance exam which is preferably GMAT or GRE. However, entrance examinations vary according to the countries in which the universities are located. 

CountryExamDuration
Canada and the USTOEFL1hr
UK, Australia, New ZealandIELTS or PTE30 mins
CanadaCELPIP2hours
UKCAE or CPE2hours

MBA in Abroad Admission Process

For MBA Programs in Abroad GMAT, TOEFL, and IELTS scores are used to determine admission. A bachelor’s degree in business and at least 4-5 years of work experience are required for the MBA Abroad programme.

MBA Abroad Requirements & Eligibility

Studying MBA Abroad might appear to be a bit complicated in terms of the different criteria that must be met.

As a result, to simplify matters, the following are the most typical MBA Abroad qualifying requirements to follow:

  • Academic Requirements: Candidates seeking an MBA from a foreign nation must have a bachelor’s degree in business or a comparable subject of study from a recognised university.
  • Language Proficiency: One of the most important MBA Abroad prerequisites is to be fluent in the language of the nation where one wishes to study their MBA.
  • Work Experience: 3-4 Years

MBA in Abroad without Work Experience 

MBA programmes without job experience are available in countries such as the United States, the United Kingdom, France, Australia, and Germany.

In order to pursue an MBA overseas without prior work experience, candidates must satisfy the following requirements:

  • A high GMAT score
  • Excellent academic records
  • A powerful personal letter

Some of the top universities providing MBA Abroad without job experience are listed below, along with the country and typical prices.

CollegesCountryAverage Fees INR (USD)
University of West LondonUK12,67,500 (16,900 USD)
Haas School of BusinessUSA48,48,900 (64,652 USD)
University of NorthamptonUK14,38,125 (19,175 USD)
Chicago Booth School of BusinessUSA54,00,000 (72,000 USD)
Coventry UniversityUK15,32,850 (20,438 USD)
Monash University-Graduate School of BusinessAustralia22,77,000 (30,360 USD)
Graduate School of Business and Law, RMITAustralia24,93,000 (33,240 USD)
University of WindsorCanada15,52,500 (20,700 USD)
Brock UniversityCanada17,29,650 (23,062 USD
Thompson Rivers UniversityCanada17,19,600 (22,928 USD)

Check Out: Top 6 B-Schools Providing MBA in USA Without GMAT Requirement

MBA Abroad Cost

The cost of an MBA in another nation varies per country. For example, Germany provides MBA Abroad at a reasonable cost, but the cost of MBA Abroad in the United Kingdom, Canada and United States is extremely high.

Check out the cost of an MBA Abroad programme by country to get a better idea :

Country Average Fees ( INR )
USA60 to 80 Lakhs
Germany0 to 40 Lakhs
Canada15 to 60 Lakhs
Australia12 to 30 Lakhs
UK20 to 65 Lakhs
Singapore45 to 65 Lakhs
Ireland10 to 29 Lakhs
New Zealand15 to 25 Lakhs

MBA in Abroad without GMAT

Studying an MBA in Abroad without GMAT is possible. It is seen that Universities like IE Business School, National University of Singapore, Australian National University and many other institutes are offering MBA Courses for the students without any GMAT Scores. 

To pursue an MBA abroad without taking the GMAT, you must have the following qualifications:

  • Excellent academic records
  • A solid resume
  • Minimum 5 year work Exp.

The table below includes some of the finest colleges that offer MBA programmes without GMAT requirements, as well as the country and average fees :

CollegesCountryAverage Fees INR (USD)
Sobey School of BusinessCanada23,41,950 (31,226 USD)
Anderson School of BusinessUSA48,83,350 (65,114 USD)
Kenan-Flagler Business schoolUSA49,74,300 (66,324 USD)
Kellogg School of ManagementUSA75,96,660 (101,288 USD)
Melbourne Business SchoolAustralia45,45,390 (61,800 USD)
Schulich School of BusinessCanada29,27,250 (39,030 USD)
Australian National UniversityAustralia24,77,775 (33,037 USD)
Lazaridis School of Business and EconomicsCanada24,75,000 (33,000 USD)
Monash UniversityAustralia22,32,978 (30,360 USD)
Macquarie Graduate School of ManagementAustralia20,29,980 (27,600 USD)

MBA abroad syllabus

The MBA abroad syllabus is normally divided into two years, with fall and spring semesters.

For the first year, students must follow the compulsory curriculum, and in the second year, they must pick from a variety of electives offered by institutions.

MBA Abroad: Subjects

The table below displays the standard MBA Syllabus for MBAs completed outside of the United States, however it may vary according on the location and university chosen.

Year 1 (Fall semester) Year 1 (Spring Semester)
MarketingFinance 2
Financial Reporting and ControlStrategy
Short Intensive ProgramsBusiness, Government, and the International Economy
Finance 1 The Entrepreneurial Manager
Interpersonal Skills Development LabFIELD Global Immersion
Technology & Operations ManagementLeadership and Corporate Accountability
Leadership & Organizational Behavior
Year 2 (Fall semester )Year 2 ( Spring semester )
FinanceBusiness, Government & the International Economy
Accounting and ManagementNegotiation, Organizations & Markets
General ManagementEntrepreneurial Management
MarketingTechnology & Operations Management
StrategyOrganizational Behavior

MBA in Abroad Jobs

MBA in Abroad for students is a very profitable aspect and thus, it eventually proves to be a point in improving the skills and knowledge of the students as well and MBA in Abroad also improves the level of specialization in the students as well. It is also considered that an MBA from a foreign country is way cheaper than a University in India. Thus, studying MBA abroad is a better option for students.

The jobs that the students can get after pursuing MBA in Abroad are:

  • Project Manager
  • Business Development Manager
  • Product Manager
  • Marketing Manager
  • Analytics Manager
  • System Manager
  • Data Processing Manager
  • Business Analyst.

MBA Abroad After CA

Chartered Accountant is a specialised and certification course that allows you to work for all reputable organisations and audit firms as a chartered accountant.

You must have completed 12+ 3 years of school to be eligible for MBA Abroad following CA, which means students who did not complete a BCom or any other degree prior to CA are not eligible to apply.

In addition, to be eligible for MBA Abroad programmes, you must have worked for more than 4-5 years after completing your CA.

Many students prefer to pursue an MBA abroad following CA to improve their employment prospects and pay packages. The following are the main reasons why you should pursue an MBA abroad after CA:

Career Opportunities : CA is a highly regarded degree programme in India; but, if you take MBA Abroad following CA, you will have a greater chance of obtaining appropriate positions with a broader selection of job profiles to pick from in developed nations such as the United States, United Kingdom, Canada, Germany, and Australia.

Personal Development: A CA degree provides a firm foundation in accounting and finance, whereas an MBA degree entitles you to get experience in the corporate sector. Teamwork, communication, and decision-making are just a few of the skills you’ll master in business schools throughout the world.

Carrer control: CAs who seek an MBA abroad might change careers from accounting and finance to other disciplines such as human resources or marketing.

Understanding of Business Worldwide: MBA Abroad after CA will help you develop a better understanding of business and management throughout the world, which will help you locate better and more diversified career options where you can apply your business and financial skills.

MBA Scholarships For Indian Students Going Abroad

The best MBA colleges offer many scholarships for Indian students, and yes there’s a perception that these are very tough to achieve considering the quantity of aspirants targeting them, it is obviously not an impossible job as it may look like.

Lots of scholarships are indeed merit-based, need-based, those who are having military background or aspirants who have portrayed leadership skills or have a special and deserving profile. The need-based scholarships are to be given after taking into consideration the financial aspect which indeed includes different types of assets and previously taken or availed outstanding loans/liabilities.

  • Harvard MBA scholarship: This school offers need-based fellowships to deserving students wherein one would receive around $34,000 per year. The special interest fellowships are kept for those with various interests or backgrounds.
  • Wharton MBA scholarship: There are numerous fellowships available like the evolving economy fellowships (students from emerging economies), Joseph Wharton Fellowships (outstanding achievements), Howard E. Mitchell Fellowships (outstanding students from under-represented backgrounds), Forté Fellowships(female students), Social Impact Fellowships (public or not-for-profit sector).
  • Stanford MBA scholarship: The Stanford Reliance Dhirubhai Fellowship is given to a maximum five students. This scholarship provides special assistance to cover the entire tuition and fees for every two years of the specific program.
  • Columbia Business School MBA scholarship: Scholarships that are available:
    • Merit-based: Forté Foundation Scholarship (for women) and Toigo Fellowship (under-represented groups pursuing finance careers)
    • Need-based: Amounts are given in the variety of $7,500 to $30,000 and may be renewed.
  • Chicago Booth scholarships: There are various scholarship and fellowship prizes and awards. A few of them are:
    • The India Trust Fellowship, Akhtarali H. Tobaccowala Fellowship (for students from India). Financial Times has done a great task by displaying down the scholarships offered worldwide by the various business schools. Shortlisted scholarships that are applicable to international students for some of the reputed programs.

Hence, MBA from abroad is not only educationally prosperous but also hold great professional scope and with the correct planning, it can be afforded by the Indian student.

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FAQ

Why do Indian Students pursue MBA Abroad?

Ans. Presently in India, except for the top business schools, the MBA curriculum is not on par. It is very difficult and competitive to gain a seat in the top MBA colleges in India

Is it better to do MBA from India or abroad?

Ans. Pursuing an MBA degree from abroad can lead to a broad spectrum of career opportunities and also provide a global perspective. Reasons for enrolling in MBA abroad are that it is widely recognized, increases earning potential, develops networking contacts, starts your own business, learns about a specialization based on interest and anybody can pursue it.

Which country is best for MBA for Indian Students?

Canada is considered to be the best country for Indian Students to pursue their MBA.

Which country offers free MBA for Indian Students?

Germany is already known for its student-centric educational system and thus, Germany is the country where Indian Students can practically pursue their MBA free of cost.

✅ Which is the best country to do MBA for Indian students?

Ans. Here is the list of best countries to do MBA for Indian Students:
1. USA
2. UK
3. Canada
4. Australia
5. Germany
6. France

What are the requirements to pursue MBA abroad?

Ans. Here is the list of requirements for MBA abroad:
1. Four-year Bachelor’s degree- 16 years of education
2. Work Experience: 2-3 years (based on specific institutes)
3. Resume
4. SOP
5. Letters of professional recommendation
6. Proof of English proficiency- ILETS/TOFEL
7. GMAT score
8. Other documents (based on specific institute requirements)

What is the GMAT registration and coaching fees in India?

Ans. The GMAT registration fees is US $250 = Rs.18,250 (Currency Exchange Rate: $1=Rs.73). The GMAT coaching fees in India is between Rs.25,000 and Rs.30,000 for the majority of the coaching institutes.

What are the expenses for MBA to watch out for?

Ans. Here is the list of expenses for MBA:
1. Entrance exam fees- make sure you clear it in the first attempt.
2. University application fees- apply to colleges which you have higher chances of getting into.
3. Living expenses- moderate approximate living estimates are available. Make sure to save costs wherever possible.

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About the Author

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Piyush BhartiyaPiyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

Comments (11)

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ArpitaCommented on 2022-01-24

what is the best mba in Canada?

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RamCommented on 2022-01-24

Which university offers best MBA in the world?

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StutiCommented on 2022-01-24

Is mba from Canada is better from USA?

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RashiCommented on 2022-01-24

Is australia good for MBA?

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SubhagyaCommented on 2022-01-24

What is salary for MBA in UK?

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IshaCommented on 2022-01-24

What is salary for MBA in UK?

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SahilCommented on 2022-01-24

Is mba from abroad is valid in India?

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AkashCommented on 2022-01-24

Which MBA specialisation is best to study from abroad for indian students?

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IshaCommented on 2022-01-24

Which MBA specialisation is best to study from abroad for indian students?

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RishikaCommented on 2022-01-24

What is the average fees of mba in Canada?

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IshaCommented on 2022-01-24

What is the average fees of mba in Canada?