MBA in South Korea: High-Quality Education with Global Career Scope

South Korea has made a place for itself among the top chosen destinations for higher studies. With its world-class levels of education, it is ranked as one of the countries with the best education systems. South Korea is counted as one of the most educated countries in the world, with a large section of the population holding a tertiary education degree. South Korea is chosen by students who wish to pursue an MBA abroad for multiple reasons, which will be discussed later in this blog. So, if you are planning to study MBA in South Korea then here is a blog that might be of help to you.

Why Study MBA in South Korea?

For students planning to pursue studies abroad, this question might strike them as to why choose South Korea for studying MBA. Well, to answer that, we must talk about all the reasons behind it.

• Top Quality Education: South Korean universities are known for quality education and rigorous curriculum, which makes them the number one choice for students.
• Affordable Tuition Fee: Universities in South Korea offer quality education with lower tuition fees compared to other Western universities.
• Low Cost of Living: South Korea offers comparatively affordable tuition fees, and while living costs—especially in Seoul—can be moderate to slightly higher, they are still generally lower than what students spend in major Western countries like the US, UK, or Australia.
• Technology and Innovation: The job market in South Korea is full of cutting-edge technology and innovation. This country is home to global giants such as Hyundai and Samsung, and studying here gives students exposure to real-world innovative applications.
• Global Career Opportunities: MBA graduates in South Korea usually get many opportunities from multinational companies, which open the doors of global career potential for them.

MBA: Course Overview

A Master of Business Administration (MBA) is a general management degree that instructs business students in a variety of subjects, including operations management, marketing, human resources, and finance.

MBA degrees set themselves apart from standard Master’s programmes through peer-to-peer education, which includes interaction between established business experts and students from varied backgrounds. The chance to network and create new business prospects is another fantastic benefit of pursuing an MBA abroad.

Must Read: Top 10 Engineering Universities in Australia

Eligibility Criteria for MBA in South Korea

Aspirants planning to pursue an MBA in South Korea must meet the basic eligibility criteria for securing admission to South Korean Universities. Some of the common eligibility criteria are: 

• Students must hold a bachelor’s degree in any related subject.
• Students may need IELTS/TOEFL and sometimes GMAT depending on the university.
• Some universities prefer students with 1-3 years of work experience. Check your university’s preference before making the decision.
• Students must hold a valid passport before applying to a South Korean university, and they should secure a valid study visa before they can start their study.
• Different universities have different eligibility criteria, students must make it a point to read the eligibility criteria of each university before applying.

Top MBA Colleges in South Korea

Although there are too many universities in South Korea, the number of MBA colleges is not many. In this section, we have listed the top MBA colleges in South Korea.

University	Approx. Fee per semester
KAIST Business School (KAIST MBA)	KRW 13,200,000
Sungkyunkwan University (SKK GSB Full-time MBA)	KRW 15,100,000 – 21,500,000
Yonsei University School of Business (Full-time MBA)	KRW 15,975,000
Korea University Business School	KRW 23,000,000
Korea University (KUBS)	KRW 11,528,000

Must Read: How to Apply for South Korean Visa: A Step By Step Guide

When to Apply for an MBA in South Korea?

South Korea follows a 2-semester system. So, if you are a student who is planning to study MBA in South Korea and wants to know the details, then this might be of help to you. The information that you should have before applying for an MBA in South Korean Universities is given below:

• The academic calendar begins in March.
• For March enrollments, the applications are accepted between September and November.
• For September enrollments, applications are accepted between May and June.

Note: Dates vary by universities. Always check the university’s academic calendar before applying.

Average Fees for MBA in South Korea

The average fee for studying for an MBA in South Korea is INR 14.95 Lacs/ Year. The cost of living varies depending on different factors. We have made an average budget for the living expenses that will be incurred per semester while studying there:

University	Program Duration	Average Tuition Fee (KRW)
Seoul National University (SNU)	2 years	KRW 25,000,000 – KRW 35,000,000
Korea University Business School	2 years	KRW 30,000,000 – KRW 40,000,000
Yonsei University	1.5 – 2 years	KRW 28,000,000 – KRW 38,000,000
KAIST Business School	2 years	KRW 32,000,000 – KRW 42,000,000
Sungkyunkwan University (SKKU)	1.5 – 2 years	KRW 24,000,000 – KRW 36,000,000
Hanyang University	2 years	KRW 20,000,000 – KRW 30,000,000

Scholarships Available for MBA in South Korea

For students who need financial assistance, a few scholarships are also provided to cover the studying expenses incurred. Listed below are the scholarships for South Korea available:

• Sol Bridge International Scholarship – SolBridge Admission Scholarships are offered by the Sol Bridge International School of Business. It provides partial funding for international students applying for MBA programmes.
• Forte Fellowship Programme – Offered by Forte Foundation. Provides partial funding to international students pursuing an MBA. Students eligible for this scholarship are: Open to all nationalities
• Amba 50th Anniversary Scholarships – This scholarship is awarded to those who pursue MBA in Business and can be taken at AMBA-accredited Business Schools only.

FAQs

Related Reads:

Essay on Literature: English, Hindi & Urdu	Bachelor of Liberal Arts: Eligibility, Scope, Colleges
Bachelor of Arts in Australia: A Comprehensive Guide	Exploring the Rich Tradition of Gharanas in Indian Classical Music
Commerce Subjects in Class 11: With and Without Mathematics	Complete List of Subjects in Commerce Stream

So, this is all you need to know about MBA in South Korea. Hope it solved some of your major doubts and helped you make a decision. Planning to pursue studies abroad and need help with the process? Get in touch with our Leverage Edu experts and for more such content stay up-to-date with all the information/news on studying abroad.