The season of hot chocolate and dim-lit lights has officially arrived. The town will be juggling with Christmas jingles and New Year preparations. As your list of winter movies has started popping up, have you ever wondered how amazing it would be if you got to be the protagonist of your favourite movie in real life?
Imagine being in London, New York, or Berlin at the minute. Where you not only get a chance to explore the best festive season in the world but can also give flight to your dreams by pursuing your MBA degree abroad.
Today, in this blog, we are going to talk about some of the best MBA colleges in world for Indian students. Because who knows, maybe this time next year you might actually be living the life you always dreamt of! Sipping hot chocolate in a cafe in London with a bunch of friends discussing whether you should apply your MBA knowledge to real life by opening a cafe of your own.
On that note, not to break your dream or anything, let’s see some of the best study MBA abroad options for Indian students.
Why Pursue an MBA?
Thinking of pursuing a master’s degree? Studying further is never an issue when you are still following your educational passion. For instance, if you are someone who has just finished their undergraduate degree, pursuing a master’s won’t feel like a big task. However, if you completed your bachelor’s a long time ago and now want to pursue a master’s, then here is why you should pursue a Master’s in Business Administration.
- Increases Critical Hard and Soft Skills: One of the major reasons why people should focus on studying MBA is because it helps in increasing critical hard and soft skills. On one hand, where hard skills are more technical and taught in the first year of business school, soft skills are something that students learn with time and adapt in such a way to implement the same in real life.
- Salary Hike and Career Growth: The next reason why studying MBA in a foreign country is a better idea for Indian students is that it gives a great opportunity for career growth. Studying abroad means gaining quality and practical education from one of the top universities in the world. With this, the additional skills of critical thinking and practical knowledge also help in career development.
- Become Business-ready: People who pursue MBA, irrespective of the field, intend to gain a different perspective towards life problems. These life problems are not only limited to personal financial situations but also consist of business challenges. If you have entrepreneurial skills, then pursuing an MBA degree from one of the best MBA colleges in world for Indian students, then you can for sure move upwards on the ladder of success.
The hard skills that students are taught include creating and evaluating financial reports, crafting business strategies based on market research, and analysing data to make successful business decisions. On the other hand, soft skills contain the competencies to work with others like the management, and leadership.
Moreover, people with an MBA degree intend to make more money than those who are non-MBAs. As many employers prefer to hire someone with an MBA degree, because of the additional skills, it gives them a chance to not only earn better but continue to climb the ladder of success in every field.
Knowing that while pursuing an MBA degree, you get a chance to enhance your skills. The quickness of SWOT analysis and creating business strategies can help you get out of any tough business-related challenges easily. MBA i s one such degree that gives you real-life experiences along with pursuing an education that brushes your critical thinking and makes you completely ready at every point in life.
These are some of the reasons why you should pursue an MBA in foreign countries. Now, let’s look at some of the best foreign universities for MBAs for Indian students across the globe.
Best Foreign Universities for MBA
If you have decided, you want to pursue an MBA in a foreign country, then here are some of the best foreign universities for MBA for Indian students that are highly popular across the globe.
| University | Country | QS World Ranking | Annual Tuition Fee (INR) |
|---|---|---|---|
| Harvard University | USA | 1 | 50,00,000 |
| Stanford University | USA | 2 | 45,00,000 |
| University of Pennsylvania (Wharton) | USA | 3 | 60,00,000 |
| Massachusetts Institute of Technology (Sloan) | USA | 4 | 50,00,000 |
| University of Chicago (Booth) | USA | 5 | 58,00,000 |
| London Business School | UK | 6 | 45,00,000 |
| Columbia University | USA | 7 | 50,00,000 |
| INSEAD | France/
Singapore |
8 | 65,00,000 |
| Northwestern University (Kellogg) | USA | 9 | 55,00,000 |
| University of Cambridge (Judge) | UK | 10 | 55,00,000 |
Note: Tuition fees and QS world rankings may vary every year. These are the round-off figures. Hence, before applying, do your research and be sure which university to go to for your MBA.
Criteria for Picking the Best MBA College Abroad
Now, as the list above shows you some of the best MBA colleges in world for Indian students, it is time for you to decide, which university you are going to pick for your further education. As choosing the perfect educational institution can be a confusing task, below are some tips to help you find your perfect study MBA abroad destination.
University’s Reputation
When looking for the best foreign universities for MBA, one of the basic things you must begin with is to check the university’s reputation. The background check includes the QS World rankings of the potential universities, their standard of teaching, and the list of accreditations. According to QS World rankings, Standford is the number one university for MBA for Indian students. Pursuing an MBA from a highly recognised university will help impress your future employer and secure a high-paying job easily.
Teaching Faculty
The next thing you have to check when looking for the best MBA universities in the world is going through the list of teaching faculty and facilities. The quality of education for your MBA degree is the most essential thing for you to research before applying to a particular university. Having the best teaching faculty to learn from ensures you become real-life-ready with practical and theoretical knowledge. It is not just the teaching experience of the professionals but also the innovative way of teaching that will help you enhance your critical thinking skills, eventually helping you grow in your career.
Tuition Fees
In the criteria list of picking the best foreign universities for MBA, the next factor you have to consider is tuition fees. It is true that the better the institution, the higher the cost of education. As not every student is able to afford the costly education experience, you must check the tuition fees of the potential universities you are thinking of applying to. When you are looking at your MBA university options, you must also check the ROI. The return on investment means seeing what your potential placement options are after completing your MBA degree.
Scholarship Opportunities
As we talked about the cost of tuition fees and not every student can afford it, you must check if there are any scholarships available for you. The thought of studying MBA in foreign countries is surely an exciting opportunity that will help you build a stronger foundation for your future. However, to fulfill the dream, one of the biggest obstacles is to finance your education. There are universities that offer various scholarships like merit-based, need-based, sports-related, and many other financial aids are available for students. Besides universities, there are several government and private funding options including education loans to help you accomplish your study abroad dream.
Courses Offered
When you are planning to pursue an MBA in foreign countries, another criterion you must check is the courses and types of MBA offered by the universities of your choice. For instance, if you wish to experience quality education and live in a foreign country then you must pursue a full-time MBA. However, there are several types of MBA full-time, part-time, Executive MBA, dual-degree MBA, one-year MBA, and specialisation. Before filling out the application, do decide what specialisation you wish to pursue like- Marketing, Finance, Operations Management, Entrepreneurship, Human Resources, Healthcare Management, or Technology Management.
Being clear in your mind about what you want to study, and which college is best according to your financial budget and provides the best quality of education, you can easily pick your MBA college abroad.
Although, besides the financial issues, there is one more crucial thing you must know, before you decide your further plans to study MBA abroad. This is to know what all the exams to study MBA abroad are. For your assistance, we have mentioned the list below.
Exams to Study MBA Abroad
When it comes to study MBA abroad, there are a list of exams you might have to take being an Indian student. The list contains English proficiency and standardised exams. Below, we have mentioned some of the exams to study abroad, that will help you prepare completely for your educational journey in a foreign land.
- GMAT– Graduate Management Admission Test, widely accepted for MBA programmes, evaluating verbal, written, quantitative, and analytical skills.
- GRE– Graduate Record Examination, highly accepted by many business schools, is also an alternative to GMAT.
- LSAT– Law School Admission Test, rarely required but accepted in case of dual-degree MBA.
- IELTS– International English Language Testing System, a crucial English proficiency exam accepted by many universities abroad.
- TOEFL– Test of English as a Foreign Language, another English measuring test for non-native speakers wishing to study in an English-speaking country.
Plan Your MBA Abroad with MetaApply
It surely is a great experience to be living in London or New York at this time of the year, and if the route of that road leads you to pursue an MBA degree abroad, then you shouldn’t hesitate. As this blog comes to an end, we have covered everything you require to begin planning for your MBA abroad journey.
The first thing you must know is which specialisation you wish to pursue; accordingly, you must check which universities abroad are offering you your preferred course at affordable tuition fees along with having the best teaching faculty. Not only this, but you must consider applying to universities that have new-age teaching techniques and have the best placements to offer to you. This will help you in bagging a high-paying job easily. Besides this, you must take complete advantage of studying abroad by seeing the best alumni network as this will help you in the future for sure.
So, if you are ready to take on the world with your critical thinking skills and practical knowledge, you must begin preparing for your study MBA abroad journey today. To help you at each step, MetaApply’s professionals are here, only one call away.
From finding you the perfect course, college, and country, leading you through a successful admission application process, and preparing you for the English proficiency and standardised exams to providing you the best financial aid, finding a place abroad for you to stay, and preparing you with all the crucial orientation, we cater to it all.
So, what are you waiting for? Hop on the journey to your dream destination and let MetaApply be your guiding light through and through.
