Posted by : Shreya Bhattacharya
Author Designation : Senior Counselor
Top 5 Countries to Study MBA Abroad in 2024
Masters of Business Administration or an MBA degree is a postgraduate level program that will open up global opportunities in your career. Being one of the most pursued courses in the world; an extensive MBA curriculum will give you a strong foundation in business fundamentals viz. marketing, accounting, finance, managerial skills, strategy, business ethics, and human resources.
Benefits of pursuing MBA from abroad
- · Attractive job package
- · Bright career prospects
- · Networking opportunities
- · Gain practical knowledge
Here are the top 5 countries to consider for studying MBA abroad in 2024, along with their average annual tuition fees for international students:
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United States (USA):
- Average Annual Tuition Fees: $45,000-$77,000 (?36-62 Lakh)
- Top MBA Colleges: Stanford Graduate School of Business, Harvard Business School, University of Pennsylvania (Wharton), MIT Sloan School of Management, Columbia Business School.
- ROI after MBA: Graduates can expect high-paying jobs in the USA, with an average annual salary of $90,000-$120,000 (?73-98 Lakh).
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United Kingdom (UK):
- Average Annual Tuition Fees: £38,000-£106,000 (?31-87 Lakh)
- Top MBA Colleges: University of Oxford (Said Business School), London Business School, University of Cambridge (Judge Business School), Imperial College London (Imperial College Business School).
- ROI after MBA: UK graduates earn competitive salaries, with an average starting salary of around £100,000 (?83 Lakh).
-
Canada:
- Average Annual Tuition Fees: CAD 22,000-CAD 66,000 (?18-54 Lakh)
- Top MBA Colleges: University of Toronto, McGill University, Western University (Ivey), University of British Columbia (Sauder), Queen’s University (Smith).
- ROI after MBA: Graduates can expect an annual package of up to CAD 100,000 (?55 Lakh).
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Australia:
- Average Annual Tuition Fees: AUD 18,000-AUD 66,000 (?15-54 Lakh)
- Top MBA Colleges: University of Melbourne, University of New South Wales (Sydney), University of Sydney, Monash University, University of Queensland.
- ROI after MBA: Graduates earn an average salary of AUD 187,062 (?99.43 Lakh) per annum.
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Germany:
- Average Annual Tuition Fees: €11,000-€53,800 (?9-44 Lakh)
- Top MBA Colleges: Various universities offer MBA programs in Germany, including Mannheim Business School, ESMT Berlin, and Frankfurt School of Finance & Management.
- ROI after MBA: Germany provides excellent career opportunities, especially in technology, consulting, and manufacturing sectors.
An international MBA degree will open up your career prospects immensely and you can choose your preferred line in marketing, finance, operations, or technology. You could find your place in the industry as a brand manager, product manager, marketing research analyst, business analyst, marketing manager, financial analyst, chief financial officer, data processing manager, among others. In fact, if you are good with your practical knowledge then you can probably land up in a top management position in a global company.
MBA is known to be one of the most lucrative degrees worldwide and its career prospect is huge. Unsurprisingly, students strive hard to get into good business schools and universities to give wings to their dreams and simply enjoy the returns on their investments. If you wish to boost your career with the right degree, then gear up and chisel yourself to get into the foreign university of your choice.