Best Countries in the World to Study MBA in 2024

There are various benefits of studying MBA abroad for Indian students; some of those benefits are discussed below-

1. Earning an MBA from a prestigious international business school has several benefits, chief among them the possibility of earning much more money after graduation. Reputable international universities tend to provide greater compensation packages to MBA graduates than Indian business schools. Overall, the earning potential outside might really be twice as high as in India. For example, you could make between 20 and 45 lakhs overseas if your estimated pay in India is between 7 and 20 lakhs. Due to this significant wage boost, studying at one of the best international business schools offers an incredible return on investment (ROI).

2. Gaining admission to a prominent international Business School opens doors to a numerous fascinating job opportunities. An MBA will put you in a good position to work as a senior manager in global corporations and expose you to various markets and sectors. Alternatively, you can choose to forge your own route as an entrepreneur, using your aptitude for business and leadership to create a profitable enterprise.

3. Building a network is necessary for success in business, and pursuing an MBA overseas may lead to a wealth of options. You will have access to a large professional network and prospective employers when you study from top countries for MBA overseas. You'll learn from professionals in the area and be surrounded by some of the sharpest minds there are. Having these contacts might be very helpful as you start your job. 

Here is a list of the top 10 countries for MBA. The list will provide a wide variety of information for you to choose the best country for MBA yourself.

The United States of America is the best country for MBA, and it is known for its variety of programs. The USA is amongst the top five countries and is preferred by students wanting to pursue an MBA abroad. According to the QS World University Ranking, the country offers approximately 352 MBA programs. The country provides both 1 year and two-year courses along with summer internships. The average tuition fees, living expenses, salary after completing the course in the USA and much more are discussed below-

Apart from this, the USA caters to the most prestigious MBA schools, namely-

• Stanford Graduate School of Business

• Harvard Business School

• University of Pennsylvania

• MIT

• Columbia Business School

Another, best country for MBA that students often prefer is the United Kingdom. According to the Global Financial Centre Index, London is highly ranked as the world’s most competitive financial centre. The United Kingdom caters to many of the prestigious colleges. The average tuition fees, living expenses, salary after completing the course and much more are discussed below-

Here is a list of the most famous colleges in the United Kingdom for MBA-

• London Business School

• University of Chicago Booth School of Business

• Oxford University

• University of Cambridge- Master of Finance

• Imperial College Business School

Another best country for MBA and a top choice for Indian students is Canada. The country caters to 22 business schools, according to the QS Global MBA Rankings 2024. Canada has a two-year course, but some universities provide an 18-month option as well. The average tuition fee and living expenses are given below-

Here is a list of the most famous colleges in Canada for MBA-

• University of Toronto

• Queen’s College

• Western University

• McGill

• York

Australia is the best country for MBA, with affordable MBA programs for international students. Along with that, the country has favourable conditions for Indian students. Here is a list of all the important details you should be aware of while applying to Australia.

Here is a list of the most famous colleges in Australia for MBA-

• Melbourne Business School

• UNGW

• Monash Business School

• Macquarie Business School

• UQ Business School

New Zealand is a good option for pursuing your MBA as it offers affordable courses. You can opt for a classic MBA Degree, which generally centres around general management, or specialised MBA Programmes, which would expand to niche industries such as healthcare management, consulting, and logistics, to name a few. Here is a list of all the important details you should be aware of while applying to New Zealand.

Here is a list of the most famous colleges in New Zealand for MBA-

• University of Auckland Business School

• University of Otago Business School

• Victoria University of Wellington Business School

• Auckland University of Technology Business School

• Massey University Business School

France is yet another one of the best country for MBA education, as it offers full-time and 16-month course options. The country has 36 top universities as per the QS global ranking.

Here is a list of the most famous colleges in France for MBA-

• INSEAD

• Emlyon Business School

• Audencia Business School

• HEC Paris

• Montpellier Business School

Italy has become the best country for MBA as its courses are completed within a year. Italy is also known for its rich business landscape, which provides various opportunities for students to gain industry knowledge and later work with renowned brands.

The average expenses which need to be looked upon while considering Italy as a country option are-

Here is a list of the most famous colleges in Italy for MBA-

• University of Bologna

• University of Pisa

• ESCP Business School

• Bocconi University

• MIB Trieste School of Management

Germany is known for its automobile market. This market makes the country the best country for MBA, as the students get to work in these multinational companies after their course completion. The courses in Germany last between 12-24 months.

Here is a list of the most famous colleges in Germany for MBA-

• Mannheim Business School

• Frankfurt School of Finance & Management

• WHU

• ESMT Berlin

• EU Business School

The Netherlands has become the best country for MBA as the course lasts up to one to two years and covers major subjects like finance, economics, marketing, accounting, and management. Moreover, the average expenses which need to be looked upon while considering the Netherlands as a country option are-

Here is a list of the most famous colleges in the Netherlands for MBA-

• Maastricht University School of Business and Economics.

• Tias Business School.

• Amsterdam Business School.

• Rotterdam School of Management, Erasmus University.

• Hanze University Groningen- International Business School.

Spain is the best country for an MBA as it offers part-time and full-time courses, and you can complete your course in one year. According to the QS Global Ranking, Spain has 168 business schools out of the top 500 in the world. The average expenses which need to be looked upon while considering Spain as a country option are-

Here is a list of the most famous colleges in Spain for MBA-

• IESE Business School

• IE Business School

• Barcelona Business School

• ESADE Business School

• EU Business School

There is no best country to study MBA; it comes down to your preference and finances, which will help you decide. Which country is best for MBA for Indian students entirely depends on the specialisation the student wants to pursue. Therefore, various factors affect the choice of universities and colleges. 

• Students who want to enrol in an MBA program at an international university must fulfil the university's requirements. To enrol in an international Master of Business Administration program, students must hold a bachelor's degree from an accredited university.

• Academic Requirement: Earn a bachelor's degree full-time from a reputable institution or university. Earn high grades to gain entry into internationally renowned MBA programs.

• Exams Needed to Get an MBA Abroad: The two standardised tests that international colleges accept for MBA admission are the GMAT and the GRE. Foreign students must also take popular language competence examinations like PTE, TOEFL, and IELTS.

• Application Requirements: According to the institution, applying for an MBA abroad necessitates sending a resume, a letter of recommendation, and essays.

• Application Process: The main stages that students must take to finish the application process include choosing a course or nation, evaluating their profiles, choosing an institution, obtaining the necessary papers, etc.

For further information, you can contact our study abroad counsellors for help with the application process. They will assess your profile and present you with a selection of colleges, helping you through the process until you file your visa.

To sum up, the best countries in the world to study MBA in 2024 offer outstanding prospects for aspiring business professionals and managers. The countries mentioned above for MBA for Indian students are mentioned according to their reputation for MBA programs, strong curriculum, faculty knowledge, industry contacts, and distinctive program characteristics. Moreover, MBA programs in these countries will offer you theoretical as well as practical skills, knowledge, and networks that are required for flourishing in the evolving business world. It also helps in connecting with the strong alumni network of the university working in the business world with collaborative learning settings, and access to varied industries.

Selecting one of the best MBA colleges in these countries for Indian students helps them in gaining a transformative MBA experience and opens doors to intriguing professional options. We hope you had an insightful read about the best countries in the world to study MBA in 2024. If you would like to get a deeper insight into how to study MBA in different countries, we encourage you to have a word with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC). Our counsellors will provide you with guidance throughout your study in Canada.

Get help with the application process, SOPs, and filing for a visa. Visit us for one-to-one counselling or avail yourself of free video counselling via our website. We will be happy to help you, so please do not hesitate to contact us at application02@meridean.org or 1800-1230-00011.

1. Which is the best country for MBA?

The best country for MBA is considered to be the USA, as it has many business schools and programs, but various other countries can be considered, like the UK, Canada, Germany, etc.

2. Should I consider studying MBA abroad?

Yes, studying an MBA abroad can be an option, depending on your finances. It provides more exposure, career opportunities, and cultural awareness.

3. Apart from the USA, what countries are the best country for MBA?

Apart from the USA, you can look for business schools in the UK, Canada, Germany, Australia, Netherlands and many more.

4. What is the basic requirement for getting admission to an MBA abroad?

Undergraduate degree, 2-3 years of work experience, GMAT or GRE test score, English test scores, and application documents.

5. What are the best MBA specialisations in international universities?

The most famous MBA specialisations are in HR, IT, digital, and many more. You should be aware of the market before choosing your specialisation.

6. Top college names for MBA?

There are various famous MBA colleges, namely Harvard Business School, Stanford Graduate School of Business, University of Pennsylvania Wharton School, INSEAD, London Business School, MIT Sloan School of Management, and Columbia Business School are a few of the top MBA schools in the world.

7. What are the cheapest and the best country for MBA?

The cheapest countries for pursuing an MBA abroad are Germany and France.

8. Which country is best for MBA for indian students?

The best country for MBA for Indian students is the UK as it has shorter, affordable and globally recognised programs available.

9. How should I choose my specialisation?

You should choose your specialisation with due diligence and market research; it would provide insight into the need of the hour and the salary.

10. What are the different kinds of MBA available abroad?

Apart from the general MBA courses, we can pursue an Executive MBA, Online/distance MBA, and part-time MBA. There are also various specialisations in MBA, such as Finance, Operations, Management, etc.