Best MBA Colleges in World for Indian Students
Best MBA Colleges in World for Indian Students
Undoubtedly, pursuing an MBA abroad is a highly popular choice among students, and for good reason. The search for the Best MBA Colleges in World for Indian Students of business has a significant impact on the entire career trajectory of a management aspirant. With the increasing presence of global corporations, a large number of graduates are now seeking to pursue an MBA abroad.
And rightly so, MBA graduates can expect to receive job offers paying anywhere between 85,000 USD to 135,000 USD per year, depending on the country and specialization. However, with a multitude of countries offering management courses at top-notch colleges, selecting the right one can be an overwhelming task. While there may not be a single “best” country for MBA in the world for Indian students, one can narrow down the options based on personal and professional preferences to find the Best MBA Colleges in World for Indian Students. So, let’s explore some of the best MBA colleges in the world for Indian students. Top 10 MBA Colleges in the World
Exploring the Best MBA Colleges in World for Indian Students: Top Countries to Study MBA Abroad
Here’s a list of country-wise the Best MBA Colleges in World for Indian Students whose MBA degree is mostly opted for by students.
The United States of America
The foremost country in the list of Best MBA Colleges in World for Indian Students is undoubtedly the United States on our radar. Not only did the US invent the MBA degree, but it’s also home to some of the top-ranked B-schools and management colleges in the world. Plus, studying in the US comes with a lot of perks, like a flexible education system, internships, and amazing career opportunities with top companies.
Although every MBA stream is great, general management, marketing, and finance are the most popular choices among students. Just keep in mind that the average cost of studying for an MBA in the US can range between Rs. 60 lakhs to 1 crore in any college in Best MBA Colleges in World for Indian Students approximately.
| School Name |
Average Tuition Fee for International Students |
| Stanford Graduate School of Business, USA | $74,706 per year |
| Harvard Business School | $73,440 per year |
| Wharton School of the University of PA | $81,378 per year |
| MIT Sloan School of Management | $77,168 per year |
| Columbia Business School | $80,376 per year |
Stay Back Period After MBA in the USA
Stay- back period is necessary in any of the Best MBA Colleges in World for Indian Students as this is the obligation of the student for the country to complete their studies. After the completion of the MBA in the USA, the graduates can stay up to 60 days i.e., 2 months in the country. You can look for a decent job during that period of time.
The United Kingdom
Hey, if you’re an Indian student looking for the best MBA colleges in world for Indian students the UK is definitely worth considering! With its thriving finance and banking sector in London, MBA graduates have great employability prospects in the country. To get admitted to a UK college, you’ll need to have decent scores on your GMAT and TOEFL/IELTS exams.
The UK offers a rigorous academic approach and multiple internship opportunities that help students become industry-ready. Plus, with a strong Indian population, the UK is a top destination for Indian students seeking to pursue an MBA abroad. Some of the best B-schools in the UK include:
Every year, more than 20,000 students enrol in MBA programs across the UK. Skilled managers are in high demand, and both the core and executive MBA domains offer some of the highest salaries. The fees for UK B-schools range from Rs. 30 lakhs to 80 lakhs.
| School Name |
Average Tuition Fee for International Students |
| London Business School | £87,900 for the full-time MBA program |
| University of Cambridge: Judge Business | £59,000 for the full-time MBA program |
| University of Oxford: Said Business | £63,000 for the full-time MBA program |
| Imperial College Business School | £39,900 to £52,500 for the full-time MBA program |
Stay Back Period After MBA in the UK
After the completion of an MBA in the UK, the graduates can stay up to 2 years in the country.
CANADA
If you’re an Indian student looking for the best MBA colleges in the world, Canada is definitely worth considering! It’s home to some flourishing brands and industries, and its ranking owes to its multicultural environment, high employment rate, top-class academic standards, and affordable education.
Plus, Canada provides enormous scope for all management streams, including general, HR, finance, and operations. Each year, thousands of students go to Canada for management studies, and the country’s top five B-schools include:
When it comes to the cost of studying for an MBA in Canada, it’s one of the most affordable options compared to other study-abroad destinations. The average tuition fees in Canada range from $30,000 to $40,000, which converts to Rs. 25-60 lakhs, with executive MBA courses being on the higher side. It takes two years to complete an MBA degree in Canada.
| School Name |
Average Tuition Fee for International Students |
| University of Toronto: Rotman School | CAD 120,680 for the full-time MBA program |
| Western University: Ivey Business School | CAD 113,500 for the full-time MBA program |
| McGill University: Desautels Faculty | CAD 98,300 for the full-time MBA program |
| York University: Schulich School | CAD 91,400 for the full-time MBA program |
| University of British Columbia: Sauder | CAD 71,324 for the full-time MBA program |
Stay Back Period After MBA in Canada
After the completion of an MBA in Canada, the graduates can stay up to 3 years in the country.
FRANCE
The next country in search of the best MBA Colleges in World for Indian Students in France! As the first country in Europe to offer MBA courses, France has maintained a competitive market for management graduates. In particular, it’s a great option for an Executive/global MBA degree.
Despite the high quality of education, the fee structure of France’s B-schools is quite variable and ranges between Rs. 40-70 lakhs. This makes France an increasingly popular destination for management aspirants seeking a low-cost MBA. The country produces thousands of MBA graduates each year, and post-MBA, students often get placed in the luxury brands, automotive, and technology sectors. So, if you’re looking for a unique and exciting MBA experience in Best MBA Colleges in World for Indian Students list France is definitely worth considering!
The following B-schools offer some of the top-ranked MBA programs:
| School Name | Average Tuition Fee for International Students |
| INSEAD | €87,000 for the full-time MBA program |
| HEC Paris | €72,000 for the full-time MBA program |
| ESSEC Business School | €49,500 for the full-time MBA program |
| ESCP Business School | €47,800 for the full-time MBA program |
| EDHEC Business School | €45,000 for the full-time MBA program |
Stay Back Period After MBA in France
The stay-back period after completing an MBA in France can vary depending on the student’s nationality and individual circumstances in any Best MBA Colleges in World for Indian Students is mandatory. However, in general, non-European Union students can apply for a post-study work permit for up to two years after graduation. During this time, they can work in France without needing an additional work visa. It’s important to note that students must apply for this work permit before their student visa expires and meet certain requirements, such as having a job offer and meeting minimum salary requirements. European Union students do not need a work permit to work in France after completing their MBA.
SPAIN
When it comes to searching best MBA Colleges in World for Indian Students, Spain is definitely a country worth considering. With its numerous cities hosting well-established financial centres, Spain offers a unique blend of art, culture, and business education. What sets Spain apart from other European countries is its relatively easy admission process for international students. While the country’s business schools offer a wide range of MBA specializations, the focus is often on global and marketing fields.
Spain attracts thousands of international students every year for MBA programs and secures a strong position in the list of Best MBA Colleges in World for Indian Students. The cost of pursuing an MBA in Spain varies greatly from one institution to another, ranging from a minimum of Rs. 15 lakhs to a maximum of Rs. 70 lakhs. After completing their MBA, graduates can explore lucrative career opportunities in Spain’s energy, tourism, technology, and other thriving sectors. All in all, Spain is definitely a country worth considering for Indian students looking to pursue an MBA abroad.
Here are some of the top B-schools in Spain:
| School Name | Average Tuition Fee for International Students |
| IE Business School | €72,200 for the full-time MBA program |
| ESADE Business School | €74,200 for the full-time MBA program |
| IESE Business School | €85,500 for the full-time MBA program |
| EADA Business School | €42,000 for the full-time MBA program |
| Deusto Business School | €38,800 for the full-time MBA program |
Stay Back Period After MBA in Spain
The stay-back period after completing an MBA in Spain varies depending on the nationality of the student. Non-European Union students are typically granted a one-year work permit after completing their studies, while European Union students are free to stay and work in Spain without any restrictions.
GERMANY
Don’t overlook Germany when evaluating the Best MBA Colleges in World for Indian Students. Germany is a top destination, known for its focus on technological innovation and application-oriented approach to education. The country is home to some of the world’s leading companies in the automotive, electrical, and manufacturing industries.
Despite its reputation as a leader in technology and industry, Germany is also a cost-effective option for pursuing an MBA, with program fees ranging from Rs. 6-10 lakhs. Every year, several thousand candidates migrate to Germany for management degrees, with a particular focus on executive MBA and financial management streams.
Some of the most desired B-schools in Germany include:
| School Name |
Average Tuition Fee for International Students |
| Mannheim Business School | €37,000 for the full-time MBA program |
| ESMT Berlin | €43,500 for the full-time MBA program |
| HHL Leipzig Graduate School of Management | €33,000 for the full-time MBA program |
Stay Back Period After MBA in Germany
The stay-back period in Germany after an MBA varies depending on the type of residence permit issued to the graduate. Graduates who secure employment relevant to their field of study can apply for an 18-month residence permit extension, which allows them to stay and work in Germany after completing their studies.
Applying for Best MBA Colleges in World for Indian Students
Procedures and Requirements
Applying for the Best MBA Colleges abroad can be a complex process, and it is important to follow the necessary steps and meet the eligibility criteria. Here are the procedures to apply for an MBA abroad:
1. Eligibility Criteria The eligibility criteria to pursue an MBA abroad varies from country to country, but some common requirements are:
- A bachelor’s degree from a recognized university with a minimum of 50% marks.
- Relevant work experience of 2-3 years is required for most universities. However, some countries like Ireland and New Zealand may require 4-5 years of work experience.
- Some universities may accept applications without work experience, and the admission requirements can be checked on the official website.
2. Entrance Exams To gain admission to Best MBA Colleges program abroad, students will typically need to take one or more standardized tests, such as the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examinations). The minimum score required for these exams varies by institution and can be checked on the official website. Keep in mind that you may need to take an English proficiency test, such as the IELTS or TOEFL, in addition to the GMAT or GRE.
- The GMAT can be taken once every 16 days, while the GRE can be taken every 21 days. Both exams can be attempted a maximum of five times in twelve months.
- A minimum score of 6.0 to 6.5 in IELTS or a score of 85-90 in TOEFL is considered decent to gain admission at an international university.
3. Visa Requirements Once you have been accepted into any Best MBA Colleges program abroad, you will need to apply for a student visa in the country you are planning to study. Visa requirements can vary by country, but typically, you will need to provide:
- A valid passport
- Proof of acceptance from the university
- Evidence of sufficient funds to cover tuition fees and living expenses
- Medical insurance coverage
- A police clearance certificate (in some cases)
It is important to start the visa application process as early as possible, as it can take several weeks or even months to receive a visa.
4. Other Considerations: Apart from the above requirements, there are other factors to consider when applying for an MBA abroad, such as:
- Application deadlines vary by institution, and it is important to submit your application before the deadline.
- Letters of recommendation from professors or employers may be required.
- Personal essays or statements of purpose may be necessary.
- Some universities may require an interview as part of the admission process.
- It is important to research the cost of living in the country you plan to study in and factor in all expenses when applying for an MBA abroad.
Overall, applying for an MBA abroad requires careful planning and preparation. It is essential to do your research and ensure that you meet all the eligibility criteria and requirements before submitting your application.
CONCLUSION
To sum up, pursuing an MBA in the Best MBA Colleges in World for Indian Students can be a game-changer for Indian students, as it opens doors to global opportunities in the business world. With the right eligibility criteria, entrance exams, and visa requirements fulfilled, students can choose from the best MBA colleges in the world.
The benefits of studying in the Best MBA Colleges in World for Indian Students include exposure to a diverse culture, high-quality education, and a promising career with lucrative job opportunities. With the starting average salary package of Rs. 50 lakhs per annum and numerous job profiles to choose from, studying in the best MBA college in the world can provide an excellent return on investment for Indian students.
Also read, Top MBA Colleges in India
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