MBA in South Korea

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Business Schools in South Korea

Officially known as the Republic of Korea, South Korea has made a place for itself among the top chosen destinations for higher studies. With its world class levels of schooling, it has been included in the list of countries with the best education system. With a large section of the population, holding a tertiary education degree, South Korea is counted as one of the most educated countries in the world! South Korea is chosen by aspirants who wish to pursue MBA abroad because of multiple reasons, primary one being the job market. 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 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 the immersive culture and world class education facility, the country has to offer. The cost of living is also not very expensive compared to other countries and the safety of students is also taken care of. If students need financial assistance, a number of scholarships are provided too and the competitive education system prepares the students well for the job market.

Eligibility

Aspirants planning to pursue MBA in South Korea must meet the basic eligibility criteria for securing admission to South Korean Universities for MBA. 

  • Students must hold a bachelor’s degree in any related subject.
  • Students must appear for TOEFL, GMAT and IELTS and secure valid scores.
  • 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 are not many. In this section, we have listed the top MBA colleges in South Korea.

University Location
Sungkyunkwan University Seoul
Sol Bridge International School of Business Daejon
Konkuk University Seoul

When to Apply?

South Korea follows a 2-semester system. So, if you are an aspirant who is planning to study MBA in South Korea and want to know the details then this might be of help to you:

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

Average Fees for MBA in South Korea

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

Dormitories $600-$1,400 [Rs 42,000-Rs 99,000]
Boarding House $300-$600 [Rs 21,000-Rs 42,000]
Rented Apartments $300 [Rs 21,000]
Other Expenses (Food, Medical Insurance etc) $400-$500 [Rs 28,000-Rs 35,000]

These costs might vary depending upon the city and university chosen.

Scholarships Available – MBA in South Korea

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

  • Sol Bridge International Scholarship – SolBridge Admission Scholarships is 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 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.

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 connected with Leverage Edu!

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13 comments
    1. Yes, there are universities and business schools like Hanyang University, Dongguk University and Ewha Woman’s University that offer an MBA in Pharmaceutical Management in South Korea.

    1. Hi Esther,
      Yes, it is one of the criteria to give an entrance exam like GMAT or any other entrance exam which is acceptable at the universities in South Korea to pursue an MBA degree in the same country.

    1. Hello Akansha,
      Having one of the best education systems in the world, South Korea is definitely one of the emerging study abroad destinations for aspirants. According to our experts, some of the popular MBA courses that one can pursue in South Korea are as follows:
      1. MBA: https://leverageedu.com/blog/mba/
      2. MBA in Finance: https://leverageedu.com/blog/mba-in-finance/
      3. Global MBA: https://leverageedu.com/blog/global-mba/
      4. IMBA
      5. Social Entrepreneurship MBA: https://leverageedu.com/blog/mba-in-social-entrepreneurship-a-unique-opportunity-for-college-seniors/

  1. Hello I’m Bhumika,
    I’m planning on studying(MBA) in South Korea with scholarship.
    I had may doubts which your website cleared some of it. It would be nice if someone contact me personally and lead me. Thankyou😊

    1. Hello Bhumika! We are happy that you cleared your doubts through our blog. Call us at 1800-572-000 and we can connect you to our study abroad experts at Leverage Edu who will guide you completely.

  2. Thank u so much ! It was really helpful 😊 but I have a doubt that can I get GKS scholarship to Perdue MBA …..
    And can I Perdue MBA in Seoul national university with GKS??

    1. Hi Raksha,
      Yes, you can. Indian nationals and citizens of 76 NIIED-listed countries are eligible. To sum up, 54 (22+1+1+19+11) GKS graduate seats are available to India in 2022-2023. Indians can also apply for 10 additional quotas under both tracks for research programs. Hope this helps! 😃

    1. Yes, there are universities and business schools like Hanyang University, Dongguk University and Ewha Woman’s University that offer an MBA in Pharmaceutical Management in South Korea.

    1. Hi Esther,
      Yes, it is one of the criteria to give an entrance exam like GMAT or any other entrance exam which is acceptable at the universities in South Korea to pursue an MBA degree in the same country.

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