MBA in South Korea: Top Universities, Colleges & Fees

South Korea is emerging for its good business education which attracts international students to its MBA programs offered by globally recognized universities. The country connects emerging technology, corporate sector, and a good cultural backdrop which creates a better learning environment. Korean MBA programs are known for their global outlook, integrating both Western and Eastern business practices, with emphasis on innovation, technology management and leadership development. Students benefit as they get access to industry connections, diverse faculty expertise and numerous networking opportunities in Asia’s fourth-largest economy.

MBA in South Korea: Highlights

MBA in South Korea is designed to be completed within 1-2 years, depending on whether the student chooses a full-time or part-time study. Full-time programs are for one year which includes deep coursework, case studies, internships and real-world projects aimed at preparing graduates for leadership roles. Part-time MBAs extend to 2 years, involving working professionals who seek to upgrade skills while maintaining employment. Program durations also vary slightly based on dual-degree options and specific university requirements, offering versatile pathways to suit different career timelines. The table below includes the MBA in South Korea highlights:

Parameters	Statistics
Number of universities offering MBA in South Korea	around 9
Cost of programs	Varies (typically between INR 20 L - INR 27 L)
Examination required	GMAT, GRE, IELTS, TOEFL, PTE
Admission criteria	Bachelor’s degree, GPA score and English language proficiency
Admission requirement	Academic records, letters of recommendation, statements of purpose, GMAT/GRE score card, documented work experience, CV/resume

Why Study MBA in South Korea?

Some South Korean universities have state-of-the-art research facilities in several new and emerging scientific fields. South Korean Universities are ranked among the top 100 universities in the world by all the major world ranking agencies. The best thing about Korean universities is that the majority of the graduate programs, including MBA, are lectures in English. Korean universities that are oriented towards international students conduct 30% of their lectures in English. Korean universities provide highly ranked and top-rated MBA programs. MBA degrees from South Korean universities are acknowledged and accepted all over the world. An MBA degree from Korea opens the door to all sorts of opportunities in the world.

MBA in South Korea: Top Universities

South Korea is home to some of the world’s most prestigious universities. Korean universities are regularly featured among the top-ranked universities in all the major world university ranking bodies. We have given a list of the top South Korean universities for an MBA in the world. The table below includes the universities ranked as per QS Global MBA Rankings 2025:

Top university offering MBA in South Korea	QS Global MBA Rankings 2025
Yonsei School of Business	82
Sungkyunkwan University GSB	151-200

MBA in South Korea: Tuition Cost and Cost of Living

Tuition fees in South Korea differ depending on university. Tuition fees in public universities are lesser than in private universities in South Korea. Therefore, international students must check the tuition fees of the university before applying. Table mentioned below includes top ranked universities and tuition fees-

University	Tuition Fees
Yonsei School of Business	INR 27 L
Sungkyunkwan University GSB	INR 20 L

The cost of studying in South Korea will include tuition fees and cost of living. The cost of studying is a big concern for international students who are going to abroad for their higher education. International students who want to study in abroad should check cost of living before applying and compare it with other countries. South Korea presents a moderate cost of living as compared to other countries such as UK or US, with cities such as Seoul being more expensive than smaller areas in South Korea. Korea offers accommodation, food and transportation at lower cost which makes it a feasible choice for MBA students. Understanding about these costs helps students plan their budgets for comfortable and focused learning experience in abroad.

University	City	Average Monthly Cost of Living (INR)
Yonsei School of Business	Seoul	INR 60 K – INR 90 K
Sungkyunkwan University GSB	Seoul	INR 60 K – INR 90 K

MBA in South Korea: Admission Requirements

There are many universities in South Korea that offer highly ranked MBA programs. Applicants need a relevant bachelor’s degree, a good GMAT or GRE score and proof of English proficiency. Applications include submitting transcripts, LORs, SOP, passport copies and sometimes an interview. The minimum admission requirements for international students are different for every university in South Korea. Therefore, international students should check the minimum admission requirements before applying to any Korean university. The general admission requirements for MBA programs across Korean universities are as follows:

• Application form
• A bachelor’s degree in a relevant field from a recognized university.
• Some work experience is recommended, usually 2 to 5 years.
• Photocopy of Business Registration Certificate(or distinct number of certificates) of the respective education institution
• Standard Acceptance Letter
• Documents proving the final level of education
• Documents proving your financial ability to support yourself
• Essay
• Resume/CV
• Two Letters of Recommendation
• English language proficiency

Entrance Exams Accepted by MBA Universities in South Korea

To get into MBA programs in South Korean universities, international students must meet the minimum requirements in entrance exams. The entrance exams accepted by universities offering MBAs in South Korea are:

• TOEFL
• IELTS

MBA in South Korea: Student VISA

International students wishing to study in South Korean universities must first receive a university admission letter and prepare the necessary documents for entry into Korea. South Korea issues two types of visas according to the type of study you undertake at your chosen Korean university. International students who will pursue a standard degree must receive a D-2 visa, whereas students who plan on enrolling in non-degree-seeking programs (such as Korean language study or other foreign language study) will need to obtain a D-4 visa. It is easier to purchase a 90-day student visa and then renew it once you are in Korea if you intend to be there longer than 90 days.

MBA in South Korea Post-Study Work Visa

After graduation, MBA students can apply for D-10 job seeker Visa, which gives 6-12 months for finding a job in South Korea. This visa gives permission for full-time employment during this period. This visa also help the graduates to shift from their studies to Korean workforce. Many multinational and Korean companies actively look for MBA graduates for leadership and managerial roles, making this visa an important bridge for career development.

MBA Scholarships in South Korea

Korean universities offer various types of scholarships to its international students. International students can apply for their scholarships along with their course application. The scholarships are available at the university and department levels. However, there are various scholarships offered by external funding agencies. Some of the most popular scholarships offered by universities are:

University	Scholarship Name	Scholarship Amount (INR)
Yonsei School of Business	Yonsei Global MBA Scholarship	Partial to full tuition fee waiver
Sungkyunkwan University GSB	Samsung Scholarship	Partial tuition fee waiver
Korean Government Scholarships	Global Korea Scholarship	Full tuition, living and travel expenses

Many scholarships are merit-based and very competitive, covering tuition partially or fully. Some more scholarships offered by external organizations are as follows-

Scholarship Name	Description
Global Korea Scholarship (GKS)	Covers tuition, living allowance, and airfare
Korean Government Scholarships	Various grants for international students
Indian Government Scholarships	Support for Indian students studying abroad
University-specific Corporate Scholarships	Partial/Full tuition fee waivers, corporate-sponsored
Asia Pacific Foundation Scholarships	Scholarship support for regional students

MBA in South Korea: Roles and Salaries

MBA graduates in South Korea secure roles in management finance, marketing and technology sectors. Beginning salaries of graduates range from approx USD 30,000 - USD 55,000 which depends on industry and company. This shows the demand for skilled professionals who are capable of global business challenges.

Entry Level Jobs	Estimated Monthly Salary Range in INR
Business Development Manager	INR 1.20 L – INR 3.00 L
Marketing Manager	INR 1.00 L – INR 2.50 L
Financial Analyst	INR 1.00 L – INR 2.50 L
Operations Manager	INR 1.50 L – INR 3.50 L
Consultant	INR 1.20 L – INR 3.00 L
HR Manager	INR 1.00 L – INR 2.20 L

MBA in South Korea: Recruiting Companies:

Top industries that recruit MBA graduates are technology, finance, manufacturing and consulting. Top employers who recruit these graduates are Samsung, Hyundai, LG Electronics, SK Groupy. These organizations value South Korea’s MBA talent for their mix of technical knowledge and strategic business skills.

Sector	Companies Hiring MBA Graduates
Technology & IT	Samsung, LG, Naver, Kakao Corporation
Finance & Banking	KEB Hana Bank, Shinhan Bank, Korea Investment Corp
Consulting & Management	McKinsey, BCG, Bain & Company
Manufacturing & Engineering	Hyundai, Kia Motors
Healthcare and Pharma	Samsung Biologics, Celltrion
Logistics & E-commerce	Coupang, CJ Logistics

Shreya Basu10-01-2025 10:41