Cost of Studying MBA Abroad

MBA courses offered in study abroad universities are always in demand among international students and naturally, the cost of pursuing them are on the high-end. However, a lot depends on the university, type of course (full-time/part-time/executive) as well as the specialization of your choice. In this article, we will discuss in the detail the cost of studying MBA abroad in top countries.

Cost of MBA –MBA is one of the most sought after postgraduate programmes for students wanting to pursue higher education abroad. It is an obvious fact that the cost of MBA programmes would vary depending on the university and the country one decides to study in. Moreover, tuition fees for government-funded institutions are going to be much lesser as compared to private universities.

Also Read:

• Things to consider before choosing a Study Abroad Destination
• A country with Best Higher Education System
• Which exam to give for which course to study abroad
• When to start thinking about Finances to Study Abroad
• MBA or MS abroad?

Hence, students are advised to know about the entire cost of an MBA Programme in a particular country and decide on enrolling for the same. Students who feel that the MBA tuition fees for a particular course in a particular country are way above their reach, they could opt for a student education loan or apply for an MBA student scholarship to be able to go ahead with their dream of pursuing their MBA education. Below is a comprehensive table that shows the average first-year cost of studying in the most visited countries for MBA, for the benefit of the students planning to study abroad.

Country for MBA	MBA Average Cost Per Year (in Lakhs)
USA	21.41 L
Canada	13.58 L
Australia	17.30 L
UK	16.63 L
Germany	9.03 L
Singapore	20.08 L
New Zealand	11.42 L
Netherlands	13.82 L
Ireland	12.32 L
France	13.97 L

United States of America (USA), United Kingdom (UK), Australia, Canada, Germany, France, and New Zealand are among the most sought after colleges for MBA studies. Read on to know about the most affordable MBA colleges for students wanting to study abroad.

Australia

Australia, the continent country offers a great opportunity for international students. The country, with its quality educational system, ensures the very best and is a favorite among students from across the world. Like many countries, there are few courses that edge over others when it comes to popularity as well as expertise. There are many courses that call for that kind of attention when it comes to studying in Australia, and one of the top 5 PG courses in Australia by terms of world recognition, popularity amongst international and domestic students as well as industry acceptance is MBA in Australia.

United Kingdom (UK)

The UK is considered to be the best place to pursue higher studies, but it is also one of the most expensive places as well. The country might be expensive to live at but there are a few colleges which are actually quite affordable. Now the British universities are looking to attract Indian students, which is why they have lowered the costs for international students. Going to study in the UK is not much of a problem for Indian students as English is the main language of the country. Since English is the second language of Indians, it’s not much of a problem to adjust to the newer place. Here is a list of the most affordable MBA colleges in the UK with credible world rankings.

Canada

MBA from Canada is the best option for students who are looking for a world-class education at an affordable price. Studying in Canada parallels the US in terms of Education standards, yet the programs cost one-fourth. Now the Canadian universities are looking to attract an International student, which is why the costs are not very high for Indian students. While the country has a mix of expensive as well as affordable MBA colleges in Canada with world rankings, it is solely upon the student to enroll into a university of his caliber. Plus you can make up for the costs by working part-time while studying.

Germany

Germany attracts a steady volume of International Students from around the world. While world-class facilities, excellent universities and great industrial interface are amongst the many reasons that make studying in Germany a great study abroad destination, the low or no tuition fees is another major factor. Though there is no tuition fee for bachelor programs across Public Universities in Germany since October 2014, a few universities do charge for special master’s program and MBA in Germany is one of them.

United States of America (USA)

US has the most number of colleges which offer world-renowned MBA courses. American college outnumbers colleges from any country when it comes to top MBA lists and rankings. That is the reason why MBA from the US is considered a prestigious addition on your CV. Since the competition to get an MBA from the US is so high, the tuition fee automatically takes a leap and ends up being quite expensive for international students. However, that is not the case for all the good B-schools in the US. There are many business schools which offer world-class education at fraction of cost. The teaching methods at these colleges are similar to the top-ranked colleges in the country, so students don’t need to fear not getting a quality education. Since the tuition fee at these colleges is low, it reduces the overall costs as well.

France

France is a country that enjoys many reputations. One of the centers of innovation and research, the country has long been a favored destination for students from across the world. There are many reasons why France is an excellent study abroad destination, especially for MBA. And in case you have doubts about the Management Schools in France, a quick look at the Top MBA Colleges in France and the rank they enjoy at a Global Level would dismiss any doubts you might have.

New Zealand

New Zealand is the most popular upcoming study destination for MBA studies. All the eight universities in NZ offer management courses, along with private colleges. So the options in choosing a suitable MBA program are quite a lot. Although the cost of education in New Zealand may seem a lot at first glance, there are many colleges where the cost of an MBA is not very high comparatively. The education structure in New Zealand is very similar to that of UK and Australia, so the admission process and course curriculum will not be a surprise to those familiar with British education.