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In this article, we are discussing MBA Abroad - Top Universities.
Every student has their own aspirations and goals in life and MBA is one such degree that helps you achieve those goals. With excellent educational programs, great career opportunities, and handsome salary packages, an MBA abroad is undoubtedly the best choice to set the foundation for a promising future with excellent educational programs, great career opportunities, and handsome salary packages.
If you are a student and are planning to study MBA, then you might be thinking about going abroad for MBA. In that case, it is imperative that you choose a Top University for MBA Abroad. Keeping in mind, In this article, We have discussed the Top 10 Universities for MBA Abroad. So, keep on reading this article, and let's dive deeper into the 10 Top Universities for MBA Abroad.
5 Incredible Benefits of Doing MBA Abroad from Top Universities
The factors like emerging economies, advent of globalization and growing businesses are contributing towards making MBA the most sought-after program abroad. Now Top Universities abroad have started to offer a wide range of degrees, related to the same! Before taking up an MBA program, Why MBA? What are the benefits of an MBA? These are the fundamental questions that an aspirant should ask. So, Here are 5 Incredible Benefits of doing an MBA Abroad from Top Universities -
1) Handle Diversity Better
Top Universities for MBA Abroad host students from varied communities, cultures, and countries. Being exposed to a diverse environment would help build the soft skills required to overcome obstacles in your career.
2) Gets You Closer To Your Dream Job
Top Universities for MBA Abroad offer a global curriculum across business, management, marketing, sales, etc. That helps you understand the multiple facets of leadership from an entirely different perspective.
3) Professional Network Expands
Networking is key to emerge as a successful business professional. Most common look for people with massive networks across a diverse field, to lead their organization. Doing an MBA from a reputed B-school gives you an excellent opportunity to network with smart, talented people.
4) Entrepreneurial Ambitions Get Wings
Environment provided by top universities for MBA Abroad provides you with first-hand experience of learning the whereabouts of managing a business and more importantly, how to preserve until you taste success.
5) Professional Footprint Expands Beyond Mere Possibilities
Top Universities for MBA Abroad provide you the opportunity to experiment with your interests. From the perspective of business operations professional, you have the flexibility to learn all about the business world.
MBA Abroad : Prerequisite
Following are some of the essential points to keep in mind for the MBA Abroad admission process:
I) Documents Required - The essential documents required for MBA admission abroad are a current resume, a letter of recommendation, official transcripts, a current photo for ID, a valid national passport and a visa.
II) Essay - Students are required to write about their past experiences, aspirations, strengths, and weaknesses, etc to help the authorities understand a little about their personality, and past experiences.
III) MBA Abroad Exams - Students interested in doing their MBA internationally will have to mandatorily appear for GMAT or Graduate Management Admission Test.
IV) Language Proficiency Test - TOEFL and IELTS are the language proficiency test to be cleared by the students willing to study MBA abroad.
V) University Entrance Exam - Many universities may conduct their own entrances in order to check the ability of international students. Clearing these exams are important as these will serve as the gateway to their admission to the dream college.
VI) MBA Interview - This is the final hurdle students has to cross in order to secure admission. The mode of interview may vary depending on universities, but questions are generally based on past work experiences, future goals and perspective, etc.
10 Top Universities for MBA Abroad
While there are a lot of universities abroad to pursue your MBA from, here is a list of those Top 10 highly ranked Univesities for MBA Abroad that will give you a complete package of high quality education, good placement opportunities and an international exposure all within your budget.
Stanford University, Stanford Graduate School of Business
- Type - Private
- Location - Stanford, USA
- Average Annual Tuition Fees - 76,950 USD or 65,00,000 INR
Harvard University, Harvard Business School
- Type - Private
- Location - Boston, USA
- Average Annual Tuition Fees - 73,440 USD or 60,00,000 INR
University of Pennsylvania, Wharton Business School
- Type - Private
- Location - Philadelphia United States
- Average Annual Tuition Fees - 83,830 USD or 65,00,000 INR
HEC Paris
- Type - Private
- Location- Paris
- Average Fees Per Year - 82,725 USD - 84,967 USD or 65,00,000 INR
Massachusetts Institute of Technology, MIT (Sloan)
- Type - Private
- Location - Cambridge, USA
- Average Annual Tuition Fees - 76,000 USD - 134,482 USD or 65,00,000 INR
London Business School
- Type - Public
- Location - London, UK
- Average Fees Per Year - 101,018 USD - 112,636 USD or 80,00,000 INR
IE Business School
- Type - Private
- Location - Madrid, Spain
- Average Annual Tuition Fees - USD 65,359 - USD 78,431 or 65,00,000 INR
INSEAD
- Type - Private
- Location - Fontainebleau
- Average Annual Tuition Fees - USD 99,373 - USD 120,165 or 80,00,000 INR
ESSEC Business School
- Type - Private
- Location - Paris
- Average Annual Fees - USD 51,742 - USD 53,920 or 40,00,000 INR
Columbia University, Columbia Business School
- Type - Private
- Location - New York, USA
- Average Annual Tuition Fees - USD 77,376 - USD 114,240 or 80,00,000 INR
IESE Business School
- Type - Private
- Location - Barcelona, Spain
- Average Annual Tuition Fees - USD 29,000 - USD 36,000 or 28,00,000 INR
Eligibility to pursue MBA Abroad in top 5 study destinations
USA :
Most basic requirement for MBA in the USA includes completion of a bachelor's degree including a total of 16 years of education. If you have completed your master's, you can still apply. In the case of executive MBAs, prior work experience ranging between two to ten years is mandatory.
UK :
Students who have completed three years of bachelor's degree are eligible to apply for an MBA program in the UK. A minimum of three years of full-time managerial work experience is mandatory in most UK universities.
Canada:
Any student who wishes to pursue an MBA from Canada must have a bachelor's degree from a recognised university. In some cases, students might need to show three years of full-time work experience.
Australia:
To study MBA in Australia three to four years of bachelor's degree from a recognised university is required. Depending on the university and course specialisation chosen you may need to show a prior work experience of a minimum of two-three years.
New Zealand:
Along with a degree from a recognised university, you are required to have three to four years of work experience to be eligible to study MBA in New Zealand.
How to Select the Best MBA University Abroad? - 3 Key Factors Every Student Should Consider
Choosing the college or university that offers the best MBA Abroad can be a confusing task. So, let us simplify the process of selecting the Top Universities for MBA abroad by looking at some tips below -
QS Ranking:
The QS World University Rankings speak volumes about universities, their programs, culture, achievements, etc. These rankings offer a fair idea of the overall quality of education and future prospects that you may expect from a specific university or college.
Tuition Fees:
After checking the rankings and the course-related details, do also check the studying costs that the particular university charge. After all, cost is a big factor for all study abroad aspirants, and keeping a track of it beforehand will help you manage your finances better.
Location:
Who doesn’t want to live in the place of their choice while studying at a foreign university? The location of your university plays a vital role in determining the overall experience of studying abroad. Hence, don’t forget to research the place and surrounding areas of your university to avoid any confusion later.
8 Lucrative Jobs after Completing MBA Abroad From Top Universities
Listed below are 8 Lucrative Jobs after completing MBA Abroad From Top Universities
Business Development Manager- These managers are the ones who ensure to develop of the business in every possible way. Starting from client to market handling, they perform all the related duties.
Assistant B.D. Manager- They are closely associated with the senior BD of the company and helps them by performing their job in related and required fields.
General Manager- There is no specified area for these managers, and they are supposed to manage every aspect of the company, as and when required.
Project Manager- A company runs various projects, and these professionals must be in charge of these projects and ensure successful completion of the same.
Strategy Manager- These officials are the one who works day in and out to prepare plans and ideas to help the organization grow and to make its goals of the same to fulfill.
Marketing Manager - The one who handles every aspect of the market is a Marketing Manager. The one who represents the brand in market consulting.
Consulting Manager- Consulting manager is the one who looks after various issues faced by the employees and the company. Consulting is the method by which these professionals solve any issue.
Operations manager - To ensure a smooth operation of work in any organization by keeping all the factors in mind in their day-to-day job.
Conclusion
An MBA from the top colleges for MBA abroad is an opportunity to explore the finest areas of business and management. With top-notch facilities and a plethora of programs and specialisations, MBA abroad can be a life-changing step to progressing your career. Keeping this in mind we have shared list of MBA Abroad - Top Universities . So analyse the information mentioned above and make the best choice. We hope you like this article!
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Frequently Asked Questions
1. What are the key factors to consider when selecting an MBA program abroad?
When choosing an MBA program abroad, factors like accreditation, faculty expertise, global network, alumni success, and program specializations should be considered. It's crucial to align the program's offerings with your career goals and personal preferences for a holistic educational experience.
2. How do the admission requirements differ among the top 10 MBA programs abroad?
Admission criteria vary but generally include academic transcripts, standardized test scores (GMAT/GRE), letters of recommendation, and a compelling personal statement. Some programs may prioritize professional experience, while others focus on diversity and leadership potential. It's essential to carefully review each program's requirements for a successful application.
3. Can I pursue an MBA abroad without prior work experience?
While many MBA programs prefer candidates with work experience, some top universities offer programs suitable for candidates with limited or no professional background. These programs often provide additional support for skill development and networking to bridge the gap for early-career applicants.
4. How do international MBA programs assist in building a global professional network?
Top MBA programs abroad facilitate networking through alumni events, industry partnerships, and global study trips. They often have extensive alumni networks that can be leveraged for mentorship and job opportunities. Choosing a program with a strong emphasis on networking can significantly enhance your post-MBA career prospects.
An IIT Delhi IIM Ahmedabad alumni initiative
Alpha Education Abroad is an initiative by IIT Delhi and IIM Ahmedabad alumni. The firm helps students get admitted to top universities overseas in the US, UK, Australia, Canada, Germany, and many other countries. It allows students to apply for graduation as well as post-graduation courses abroad. It also helps students get admitted to top 1 year MBA programs such as ISB and IIM Ahmedabad in India.