Best Country for MBA

One of the most sought-after and highly regarded courses, all around the world, MBA is a miraculous degree that every individual goes after when they feel strive to go for an instant jump on the corporate ladder or change their career paths for good. It opens an array of enormous growth opportunities and provides an easy entry ticket for a fresher into the corporate world. Now that you have made up your mind in pursuing an MBA, there is one factor that you need to take great care of, the best country for the MBA that can provide you with the right knowledge and exposure you want. Getting an MBA degree from the right university and the right country makes up a foundation stone for a successful career as a business leader. Through this article, let’s take you on a world tour to find the best country for MBA. Let’s go!

Why Study MBA Abroad?

• Attractive compensation: Compared to graduates of Indian B-schools, the average income paid to MBA graduates from reputable international universities is much greater.
• Favourable career prospects: With an international MBA, you can advance to CXO or leading entrepreneurial positions.
• Opportunities for networking: If you are pursuing an MBA overseas, you will have the chance to connect with other people who have substantial expertise in their fields as well as students from other backgrounds and teachers. Such a vibrant network will enable you to seize future possibilities.
• Acquire practical knowledge: Enrolling in an MBA programme overseas will prepare you to handle contemporary business issues and provide you with a competitive edge in cutting-edge business management methodologies.

The first and most crucial decision you must make is the university and nation to attend because they will determine how your career will develop. Keep in mind the following advice: research the university’s standing and international accreditations, teaching staff, course design, infrastructure, and amenities, approximate cost of attendance, and scholarship and employment options after graduation.

United States of America

And, the US tops the list yet again. One of the most popular study destinations for studying MBA among international students, the USA is home to some of the top-notch business schools in the world. The United States of America is known for providing world-class educational infrastructure, internship opportunities in the top companies and the business exposure essential to flourish in the corporate world. The American B-schools are all about expanding career opportunities and networking to know the right people at the right place. Getting into the top schools in the USA can be pretty tough but it is definitely worth the hassle, right?

Best B-schools in the USA

Universities	QS MBA Rankings: 2021
Stanford Graduate Business School, Stanford University	1
University of Pennsylvania	2
Sloan School of Management, MIT	3
Harvard Business School, Harvard University	4
Columbia Business School, Columbia University	8

Don’t forget to check out our blog on the Cost of Studying in USA.

Canada

Canada is on the verge of becoming the most favoured nation for pursuing an MBA, owing to the cultural diversity, safe environment and quality b-schools. A bonus for studying in Canada is that the students can stay in the country post-completion of their MBA course with a work permit ranging between 1 to 3 years. With a prospering economy, the mining, agriculture and manufacturing industries have been consistently growing over the years, which means Canada provides enough employment opportunities for international students to flourish in their careers. 

Best B-schools in Canada

Universities	QS MBA Rankings: 2021
Rotman School of Management, University of Toronto	25
Desautels Faculty of Management, McGill University	59
Smith School of Business, Queen’s University	66
Ivey Business School, Western University	69
Schulich School of Business, York University	88

Read: Top MBA Colleges in Canada

United Kingdom

Housing some of the premier universities in the world, the UK successfully draws a large number of international student population towards it to pursue an MBA every year. The country leads the list of top banking and finance sectors and is a major player in the world’s economic system, offering excellent career opportunities to MBA students specializing in finance, marketing or related specializations. The b-schools in the UK make sure that future business leaders go through rigorous academic training and acquire the skills for high managerial positions upon graduating. 

Best B-schools in the UK

Universities	QS MBA Rankings: 2021
London Business School	7
Saïd Business School, University of Oxford	16
Cambridge Judge Business School, University of Cambridge	17
Imperial College Business School, Imperial College London	22
Warwick Business School, University of Warwick	34

Read: MBA colleges in the UK

Australia

Called Oz or ‘The Land Down Under’, Australia has successfully cemented itself on the position of the best country for MBA, thanks to the highly-ranked b-schools that provide the students with all the skills to become future leaders and entrepreneurs. Offering an excellent lifestyle to international students, Australia is known to be immigration friendly as it has one of the easiest immigration processes in the world. 

Best B-schools in Australia 

Universities	QS MBA Rankings: 2021
Melbourne Business School, University of Melbourne	26
Australian Graduate School of Management, University of New South Wales	41
Monash Business School, Monash University	73
Macquarie Business School, Macquarie University	95
UQ Business School, University of Queensland	99

Singapore

With a low population rate, Singapore is one of the world’s most popular business locations. It has some of the premier b-schools in the Asian continent and provides a unique international experience to the students inside and outside of the classroom. Studying for an MBA in Singapore is quite affordable for Indians and therefore, it makes it a favourite destination for Indian students to study MBA here. 

Best B-schools in Singapore

Universities	QS MBA Rankings: 2021
National University of Singapore	28
Nanyang Business School, NTU Singapore	30
University at Buffalo	201+

France

France is unquestionably one of the most well-known destinations for foreign students wishing to pursue an MBA. The country was one of the first in Europe to deliver the MBA, and it continues to be one of the most competitive business schools in the world. In reality, two of the top ten MBA programs in the QS Global MBA Rankings 2023 are based in France. Students studying in the country profit from proximity to many of Europe’s other big political and economic cities, as well as the opportunity to learn one of the world’s most common languages.

Best B-schools in France

Universities	QS MBA Rankings: 2021
HEC Paris	5
INSEAD France	6
Essec Business School	27
EDHEC Business School	40
ESCP Business School	47

Germany

Germany is renowned for its creativity and technological prowess. It has one of the largest economies in the world and is a global pioneer in the automotive and electrical industries. Most business school students around the country profit from their schools’ academic performance. Since most German universities and B-Schools now offer English-language courses, the number of students pursuing an MBA in Germany has increased. Germany has the largest economy in Europe, and it is one of the top ten countries in the world for offering the highest-paying jobs to MBA graduates.

Best B-schools in Germany 

Universities	QS MBA Rankings: 2021
Mannheim Business School, University of Mannheim	39
Frankfurt School of Finance & Management	42
WHU Otto Beisheim School	58
European School of Management and Technology	83
HHL Leipzig Graduate School of Management	141-150

Eligibility Criteria for MBA Abroad

Students who want to enrol in an MBA programme at a university overseas must complete the requirements outlined by the institution. For the Master of Business Administration programme, students must hold a bachelor’s degree from an accredited institution.

Academic Requirements

Finish a bachelor’s degree programme full-time at a reputable institution or college. Get high grades to be admitted to top-tier MBA programmes abroad.

Exams Required

Standardized tests GMAT and GRE are accepted by foreign universities for MBA Admission. Popular language competence tests like IELTS, TOEFL, PTE, and others are needed by international students.

Application Conditions

According to the university’s requirements, applicants for MBA programmes in foreign universities must submit a resume, a reference letter, and essays.

Application Process

The main steps that students must follow to finish the application process include choosing a course or nation, assessing their profiles, choosing a university, and submitting the necessary paperwork.

Best Country for MBA: Cost of studying MBA

Best Country for MBA	Cost of Studying MBA for 1 year (Average)
USA	$10,000- $55,000
UK	£10,000- £50,000
Canada	CAD 30,000 – CAD 42,000
Australia	AUD 39,000- AUD 90,000
Singapore	S$15,000- S$30,000
Germany	EUR 14,052- EUR 36,300
France	EUR 20,000- EUR 35,000

Scholarships for MBA Abroad

Scholarships	Country
Australia Awards Scholarships	Australia
Quebec Provincial Government Scholarship	Canada
New Zealand Commonwealth Scholarships	New Zealand
New Zealand Excellence Awards (NZEA)	New Zealand
The Government of Ireland International Education Scholarship	Ireland
The Chevening Scholarships	The UK
Foreign Fulbright Student Program	The US
The Commonwealth Scholarships,	The UK

Best Country for MBA: Study Duration

Best Country for MBA	Study Duration (Average)
USA	2 years
UK	1 year
Canada	10 months to 2 years
Australia	12 months- 18 months
Singapore	1- 2 Years
Germany	1.5- 2 years
France	2 years

Career Options after MBA

Your employment options will be greatly expanded by earning an international MBA, and you can select your favourite area of specialisation from marketing, finance, operations, or technology. As a brand manager, product manager, marketing research analyst, business analyst, marketing manager, financial analyst, chief financial officer, or data processing manager, among others, you might find work in the industry. In fact, if you have strong practical expertise, you may be able to advance to the top management of a multinational corporation.

The MBA is one of the most lucrative degrees in the world, and it has a very broad range of employment options. It should come as no surprise that students work extremely hard to get into reputable business schools and universities so they can pursue their aspirations and profit from their investments. Be ready and chisel yourself into the foreign university of your choice if you want to advance your profession with the appropriate degree.

FAQs

Thus, you should definitely consider the above-mentioned ones in your quest to find the best country for MBA. If you are aspiring to pursue a Master of Business Administration degree abroad and don’t know where to start, reach out to our experts at Leverage Edu and we will provide you with the best guidance and help you land in the top MBA colleges in the world.