Identifying the best country for MBA is a tough task, as there are a number of destinations where students can pursue their higher education in business administration. This concern does not have only one parameter to consider, but multiple other factors that contribute to one deciding that a particular country is the best for them to study abroad for an MBA program. Determining the right country for a student depends on their educational objectives, financial situation, career goals, and other factors that are personal to them.
Popular Countries and their Unique Benefit to Pursue an MBA Abroad for Indian Students
The students have a lot of options to choose from, to study in the best country for MBA. These following countries are the most popular choices as they offer all students quality education and benefit to the graduating MBA students that is unique to that country:
United States of America
The USA comes at the top of all names when it comes to studying MBA abroad. With some of the best universities for MBA aspiring students around the world, the USA remains one of the most prestigious destinations to pursue an MBA in USA. Harvard University, Wharton University, and Stanford University are among the top business schools for MBA students. The USA offers an excellent MBA program that generally lasts 2 years with a wide variety of specializations. MBA graduates from the top US business schools can find excellent internship opportunities.
United Kingdom
The UK is widely known as the best country for MBA, as it has quality education for business students with some of the best business schools in the world. Some of these top business schools in the UK include London Business School, Oxford University, and Cambridge. The MBA program in the UK is generally about a year only, making it the shortest possible route for MBA applicants to push their career forward efficiently. The UK is popular for MBA as it allows students to work at international firms and businesses. With an option to apply for a post-study work visa, MBA students can find a relevant job in the UK for up to 2 years.
Canada
Can Canada be the best country for MBA for young professionals in India? It is definitely a top choice for MBA students, as there is a large student population of Indian students living in Canada, which makes it convenient for any student to adjust to their new environment. Another reason for choosing Canada to study MBA abroad is the existence of some top business schools in Canada, including the University of Toronto, York University, and Western University. These universities offer all students a high-quality education, and allow skilled students to enter Canada’s job market.
Germany
Germany can be considered the best country for MBA to the students who are academically good, but have financial difficulties. Germany offers the most affordable tuition with public universities charging either zero or a very low amount of fees from students. Along with the affordable tuition, Germany offers strong industry ties for graduates to find a work opportunity, such as an internship or a professional position. Some of the top business schools in Germany are Mannheim Business School and Otto Beisheim.
Australia
There is no doubt that Australia has always been a popular destination for all international students, especially students from India to study abroad. Australia is the best country for MBA for students as there is Melbourne Business School and AGSM, which offers a high-quality education in fields like finance, consultation, and entrepreneurship. The study environment of Australia is excellent for students, and it also allows students to apply for a post-study work visa, allowing them to stay for up to 4 years, and find a relevant job.
Cost to Pursue an MBA Program in Major Countries: An Overview of Tuition Fees and Cost of Living for International Students
The cost to pursue an MBA abroad becomes one of the most significant and yet difficult factors to manage for a lot of students planning to study abroad. That is why it is important to plan things financially before you apply for an MBA program. Once you circle your best country for MBA, consider applying for a scholarship if your financial situation is complicated. The following table represents the cost of tuition fees and living costs in each country aforementioned:
| Country | Tuition Fees | Cost of Living |
| USA | $60,000-$90,000 (2 years) | $1,200-$2,500 per month |
| UK | £30,000-£80,000 per year | £1,000-$1,800 per month |
| Canada | CAD 40,000-CAD 90,000 per year | CAD 1,000-CAD 1,800 per month |
| Germany | €15,000-€40,000 per year | €580-€955 per month |
| Australia | AU$50,000-AU$90,000 per year | AU$1,500-AU$2,200 per month |
A List of Career Opportunities for Indian Students to Find After Completing their MBA Abroad
The best country for MBA will depend on the educational objectives and budget, but even if a student chooses to study abroad, they have a lot of career opportunities in other countries, too. Here are some of the opportunities graduate MBA students will have:
- Salary ranges $120,000-$160,000 per year for an MBA graduate from a top US business school
- High chances of salary hikes in your particular profession after graduation
- Find jobs globally in top companies like Amazon, Google, and Goldman Sachs
- All countries allow post-study work permit depending on their policies to find a relevant job in that country, leading to a possible permanent residence
- Entrepreneurs find incubators, seed funding, and mentoring, especially option to apply for a startup visa for graduates from the US and the UK business schools
Conclusion
To truly understand how you, as an MBA student can identify the best country for MBA, look at the details of how each country can be beneficial for you as an MBA student, what each countries cost (including tuition fees and cost of living), and what kind of career opportunities you will have after graduation from a particular business school in any country. Identifying the best country to do MBA for Indian students, begins with looking at quality MBA education and what benefits they offer to students in terms of return on investment.
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To learn more about Best Country for MBA, explore the following links:
Living Costs for MBA Students Around the World
Best Country for MBA: Universities & Job Opportunities
