MBA is the course one must choose to become a master of management. This course gives students incredible opportunities to understand how a team must be managed efficiently. With an increased demand for managers at an international level, the need for affordable MBAs is at an all-time high. At this point, Indian students need an affordable MBA abroad.
If you dream of doing an MBA abroad, this article will help you find the most affordable country to study in for Indian students. Many universities across the globe provide MBA courses at reasonable tuition fees. Initially, you will face issues finding these universities, but we are here to help you with a list of affordable MBA colleges abroad for Indian students.
List Of Affordable MBA Abroad For Indian Students!
Many popular colleges worldwide offer MBA courses, but their fee structure needs to be lowered. Only some qualify for a scholarship or can avail of a loan. In that case, an MBA with low-cost tuition is the answer. While there are too many affordable countries to study for an MBA, Indian students need quality research-based education. Below is a list of the top ten affordable MBA colleges abroad for Indian students where you can go to get your dream courses.
| Affordable MBA Abroad For Indian Students | |||
| Country | Tuition Fee Range (per year) | Top Universities | Cost of Living Range (per month) |
| Canada | CAD 30,435 – CAD 31,856 | Memorial University of Newfoundland | CAD 1,000 |
| McGill University | |||
| The University of British Columbia | |||
| University of Alberta, Wilfrid Laurier University | |||
| Simon Fraser University | |||
| China | RMB 188,000 – RMB 438,000 | Peking University | RMB 3816 |
| Tsinghua University | |||
| Shanghai Jiao Tong University | |||
| Southwestern University of Finance and Economics | |||
| Renmin University | |||
| Shanghai University of Finance | |||
| Switzerland | CHF 28,500 – CHF 70,000 | Swiss Federal Institute of Technology Zurich University of St.Gallen | CHF 1,850 |
| University of Zurich | |||
| University of Lausanne | |||
| EU Business School | |||
| American University | |||
| Germany | €19,000 – €45,000 | Humboldt Universität | €850 |
| Berlin School of Economics & Law | |||
| University of Hamburg, Grenoble Ecole de Management | |||
| Munich Business School | |||
| HHL Leipzig Graduate School of Management | |||
| Norway | No Tuition Fee | BI Norwegian Business School | NOK 12,352 |
| NHH – Norwegian School of Economics | |||
| The Norwegian University of Science and Technology | |||
| University of Oslo | |||
| University of Agder | |||
| Ireland | €8,000 – €30,000 | University College Dublin | €590 – €1,000 |
| Trinity College Dublin | |||
| University College Cork | |||
| University of Limerick | |||
| Dublin City University | |||
| Dublin Institute of Technology | |||
| Irish Management Institute | |||
| Netherlands | €12,000 – €54,000 | University of Amsterdam | €800 – €1,100 |
| Maastricht University | |||
| Erasmus University Rotterdam | |||
| Nyenrode Business University | |||
| Hanze University of Applied Sciences | |||
| Rotterdam University of Applied Sciences | |||
| Singapore | SD 28,000 – SD 72,000 | Nanyang Technological University | SD 1,400 |
| National University of Singapore | |||
| Singapore University of Technology and Design | |||
| Singapore Management University | |||
| INSEAD | |||
| James Cook University | |||
| France | €14,930 – €89,000 | HEC Paris | €600 – €800 |
| INSEAD – Europe Campus | |||
| EMLYON Business School | |||
| ESSEC Business School | |||
| EDHEC Business School | |||
| SKEMA Business School | |||
| Sweden | SEK 330,000 | SSE Stockholm School of Economics | SEK 12,000 |
| Stockholms Universitet | |||
| University of Gothenburg | |||
| LUSEM – Lund University School of Economics and Management | |||
| Blekinge Tekniska Högskola | |||
| Blekinge Institute of Technology | |||
These were some countries where you can go for an MBA programme at very reasonable prices. These countries assure best streams In MBA for Indian students at low cost.
MBA Abroad Eligibility Requirements
A student wishing to pursue an MBA must meet all the eligibility criteria the institution sets. There are three types of eligibility criteria: the first and foremost is an academic qualification, the second is work experience, and the third is a language requirement. Check them out here:
| Eligibility Criteria | Details |
| Academic Qualifications | Bachelor’s degree from a recognised university or institution |
| Minimum GPA or equivalent grade requirement | |
| Entrance exam scores (such as GMAT, GRE) | |
| Work Experience | Preferred but not always mandatory |
| Duration and type of work experience required may vary depending on the programme or school | |
| Some programmes may require a certain number of years of professional experience | |
| Language Proficiency | English proficiency test scores (such as TOEFL, IELTS) |
| Some programmes may require proficiency in additional languages |
Total Cost Of Studying MBA Abroad
Studying in your dream college is not an easy feat; several obstacles can be overcome. You have planned it very early. While cost is vital in tuition fees and living expenses, different countries and colleges have distinct fee structures. The cost of an MBA abroad can be an essential aspect. Different types of costs come under this category.
Pre-Arrival Expenses
A student will have to consider the application costs, which often become a big part of financing. The following can be the approximate costs.
| Expenses | Amount |
| IELTS registration fee | INR 17000 |
| TOEFL registration fee | INR 16900 |
| GRE Test | INR 15700 |
| GMAT Test | INR 21000 |
| Airfare, depending on the destination | INR 30,000 to 120,000 |
Application Fees For Colleges
Students will have to be prepped with an application fee for the number of colleges they are interested in. Generally, a student applies to five colleges at a minimum.
| Country | Application Fees |
| Canada | 50-250 CAD |
| China | $50-$150 USD |
| Switzerland | 100-250 CHF |
| Germany | 0 to €75 |
| Norway | Free of change |
| Ireland | €40 |
| France | 80 EUR |
| Netherland | €75 to €100 |
| Singapore | $10 to $30 |
| Sweden | 900 SEK |
Visa Application Fees Abroad
It is vital to know that visa application fees are one of the significant costs students need to pay before taking off. Foreign countries have different requirements regarding visa types and processes.
| VISA Type | Application Fee |
| F1, M1 and J1 visa types (Canada) | CAD 150 |
| X1 Visa (China) | 339.06 Yuan |
| D visa (Switzerland) | 88 CHF |
| German student visa (Germany) | 75€ |
| Norway student Visa (Norway) | NOK 4,900 to NOK 6,500 |
| D study visa (Ireland) | €60 |
| France | 80 EUR |
| Schengen Visa- VVR (Netherland) | 80 EUR |
| Singapore | $30 |
| Sweden | EUR 132 |
Insurance Cost For International Students
When you study abroad, you will have to pay for health insurance, which is different from one country to another.
- If you want to go to Canada, you must spend around 600 to 900 CAD.
- For Germany, you will have to pay between €80 to €100 per month
- Students need 200 – 400 CHF in Switzerland.
- In the Netherlands, you will have to pay 120 EUR per month.
- USD 250 is required for health insurance annually in Norway
- International students in China have to pay an average of 600 CNY.
How To Reduce Your Cost Of MBA Abroad?
Usually, an MBA abroad requires solid financial backing because it requires a lot of money from students to pursue. However, if you don’t have a financial backup or a limited amount, you can follow the steps to reduce the cost of an MBA abroad. These are some tremendous options for MBA in abroad for Indian students at low cost.
- Choose an average school to pursue your MBA.
- Select a shorter programme to reduce costs.
- Apply for scholarships.
- Do part-time work during your studies.
- Select the cheapest accommodation near your college.
FAQ’s
Where can we go for affordable MBA abroad for Indian students?
Among too many options, Germany, Sweden, the UK and the USA are the best countries to study MBA for Indian students. Many of the schools in Germany do not change the tuition fee. Generally, you have to pay 150 EUS semester fees.
Which country is the best for MBA study?
Usually, every institution provides quality education, but according to the data, the USA and UK are the best options for MBA study for Indians.
In which country is the MBA salary the highest?
The USA and the UK are known for their higher placements, but apart from them, Switzerland is at the top of the list for providing high packages to MBA students. Their average base salary is around US$123,500.
Which countries are best for affordable mba abroad?
Generally, Indians are living and working across the globe. But the USA, Canada, the UK, Australia, and Europe are the best countries to study abroad.
Why should I consider studying for an MBA abroad?
Indian students have plenty of benefits from studying abroad. They can get access to high-quality education with advanced techniques and experienced facilities. After completion, you can achieve diverse career opportunities.
How can I secure financial assistance for my MBA abroad?
You can secure your financial assistance for an MBA abroad in several ways. You can get a loan from banks or try to get scholarships to pursue the best streams in MBA.
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I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further