Best Countries to Study MBA for Indian Students in 2024

Are you scouting to find the best MBA colleges abroad for Indian students? You’re not alone.  With over 1.5 million Indian students studying internationally in 2024, the search for the best countries for MBA is more relevant than ever.

So, if you are seeking the best country for business studies, this guide has got you covered. 

From the prestigious programs in the USA and UK to affordable options in Canada and Australia, we’ll help you explore the best places for MBA abroad to help you make an informed decision. 

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Key Highlights

Here’s a snapshot of everything discussed in detail in this blog on the best countries for MBA – best MBA colleges abroad for indian students, their tuition fees, and more.: 

*Please note: Fees for Indian students studying for an MBA abroad vary depending on the university, the country, and the chosen course. 

Why Study an MBA Abroad? 

The allure of an MBA degree is undeniable. Did you know? MBA graduates represent nearly 39%% of C-suite executives on the 2023 Fortune 1000 list, with CEOs, CFOs, and CTOs more likely to hold an MBA than any other graduate degree.

But the benefits extend beyond just a bigger role. Studying for an MBA abroad opens doors to a world of possibilities. Here’s everything that you should know.

• Global Recognition: MBA degrees from reputed international institutions are recognized worldwide, enhancing career prospects. In the QS World University Rankings by Subject in 2025, Harvard Business School holds the top global position.
• Networking: Imagine building connections with leaders and alums like Meg Whitman, Former CEO of Hewlett-Packard and eBay; Andrea Jung, Former CEO of Avon Products; Martin Winterkorn, Former CEO of Volkswagen Group; and others.
• Diverse Specialization: Top business schools worldwide offer specialised MBA programs in fields like Entrepreneurship, Finance, Marketing, and Operations Management.
• Career Boost: Employers highly value an international MBA. Did you know that 89% of corporate recruiters plan to hire MBA graduates in 2024? That’s a huge endorsement of the degree’s value!
• Competitive Salaries: You can now expect to earn an average salary of INR 96L ($115k) per year!
• Scholarship Opportunities: Abundant scholarship opportunities await, offering financial support to help you pursue your studies stress-free abroad. One example is the Forté Fellowship, which awards up to GBP 20k (INR 22L)  to outstanding women pursuing full-time MBA programs at participating business schools. 

Which Country is the Best for MBA for Indian Students? 

“An MBA is not just about mastering financial statements; it’s about understanding the global language of business and building bridges across cultures.“ – Indra Nooyi (Former CEO of PepsiCo)

If you’re searching for the best MBA colleges abroad for Indian students without work experience, affordability is a key consideration. While some countries offer prestigious MBA programs, they often require work experience for admission, which can be expensive. 

Alternatively, there are top-tier MBA programs abroad welcoming applicants without extensive work backgrounds, offering both quality education and affordability.

Here is a list of the top 5 best countries for MBA.

1. USA

Have you ever dreamt of scaling the heights of American business? Picture yourself walking the halls of prestigious universities, learning from industry titans, and making connections that will propel you to the top. 

In 2023, NAFSA reported that 91% of international MBA graduates in the US received job offers within three months of graduation.

Here’s a closer look at the comparative overview of MBA programs in the USA. 

Worried that you might not be able to afford the cost of studying and living in the USA? Worry no more – Leap Finance is here to help you. We offer collateral-free loans to Indian students studying a master’s course in the US. What’s more? Our comprehensive loans can cover your entire tuition fees and stay. Get a loan offer in 10 minutes.

Also Read: MBA Colleges in USA for Indian Students: Fees, Requirements. 

2. UK

Hear the iconic chimes of Big Ben as you move through the historic streets on your way to prestigious universities steeped in academic excellence. 

According to a 2024 report by the QS World University Rankings, 7 out of the top 10 universities for one-year MBA programs are located in the UK.

Discover your route to success with a comparative overview of MBA programs in the UK: 

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3. Canada

Are you seeking a world-class education that prioritizes both academic excellence and real-world application? Look no further than the captivating world of Canadian MBA programs!

In Canada, the average MBA acceptance rate is approximately 40% for top universities among about 100 programs recognized for affordability, student satisfaction, and academic excellence.

Here is a comparative overview of MBA programs in Canada. 

4. Australia 

G’day Mate! Ever dreamt of pursuing an MBA amidst stunning beaches, a vibrant multicultural society, and a booming economy? Welcome to the exciting world of Australian MBA programs!

Did you know? Australia offers more than 60 different MBA courses to choose from. 

This table is your one-stop guide to the diverse landscape of Australian MBA programs. 

5. Germany

Imagine yourself in the heart of Europe, surrounded by majestic castles and a culture that values both precision and innovative ideas. This is the world of German MBA programs, waiting to ignite your entrepreneurial spirit! 

Germany stands out as the cheapest country to study MBA for Indian students, and it is also one of the easiest countries to get a work visa.

Here is a comparative overview of MBA programs in Germany.

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3 Best MBA Colleges Abroad for Indian Students Without Work Experience

Now that you know the best countries for an MBA, let’s dive into the top universities where you can turn those aspirations into reality. 

Choosing the right university is crucial — it’s about finding that perfect blend of academic excellence, global reputation, and a supportive environment that nurtures your career ambitions.

Here’s a closer look at the top 3 best MBA colleges abroad for Indian students: 

1. Harvard Business School (USA)

Steeper than a knowledge climb? Enter Harvard Yard. Founded in 1636, it’s a breeding ground for future presidents, billionaires, and Nobel laureates.  

In fact, Harvard University boasts an impressive alum network that includes 62 living billionaires among its graduates.

With a library that contains more books than most countries, Harvard is a haven for the intellectually hungry. From rubbing lucky toes to tackling global challenges, Harvard pushes boundaries and shapes the world.

Best MBA Courses: 

• Finance: Comprehensive coverage of corporate finance, investment strategies, and financial markets.
• Marketing: Strategic marketing principles, consumer behaviour analysis, and brand management strategies.
• Entrepreneurial Management: Focus on entrepreneurship, venture capital, innovation, and startup management.

Here is a table highlighting the English Language requirements. 

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2. London Business School (UK)

London Business School: Where global diversity meets elite education at Baker Street, London’s academic heartbeat. 

With top-ranked programs spanning finance to entrepreneurship and an international community representing over 110 nationalities, it’s the launchpad for future leaders shaping industries worldwide.

London Business School’s Master’s in Management program boasts a remarkable 94% employment rate within three months of graduation. 

Best MBA Courses: 

• Finance: Equips students with analytical skills in corporate finance and investment strategies.
• Marketing: Focuses on strategic market analysis and effective brand management.
• Entrepreneurship: Prepares students for startup success through innovative strategies and venture management.

3. Rotman School of Management (Canada)

Want to change the game? Join the Rotman revolution! At the heart of Toronto’s business district, Rotman’s vibrant energy ignites minds, fosters leadership, and empowers graduates to tackle the world’s toughest challenges.

Rotman School of Management boasts an impressive alumni network of 18,000 graduates spanning 90 countries, making it a global powerhouse in business education and leadership development.

Best MBA Courses: 

1. Finance: Rigorous coursework in corporate finance, investment strategies, and financial markets.
2. Marketing: Strategic focus on market analysis, consumer behaviour, and brand management.
3. Entrepreneurship: Emphasis on startup strategies, venture capital, and innovation management.

Eligibility for Studying at Best MBA Colleges Abroad for Indian Students

Did you know? Approximately 70% of international MBA students visit at least 3 different countries every year. 

If that gets you excited, it’s now time to check the eligibility for the best countries for business studies where diverse opportunities await. 

• Bachelor’s Degree: A recognized undergraduate degree in any discipline
  
• Work Experience: 2-5 years of professional work experience preferred
  
• GMAT/GRE Scores: Competitive scores in GMAT or GRE tests
  
• English Proficiency:

-TOEFL: Minimum score of 109

-IELTS: Minimum score of 7.5

-PTE: Minimum score of 75

• Academic Transcripts: Official transcripts from previous educational institutions
  
• Letters of Recommendation: 2-3 LORs from professional or academic referees
  
• Statement of Purpose (SOP): An essay outlining career goals and reasons for pursuing an MBA
  
• Resume/CV: Detailed professional resume or curriculum vitae
  
• Interview: Personal or virtual interview (varies by institution)
  
• Financial Proof: Evidence of ability to finance education and living expenses

Please note: Eligibility criteria will vary depending on the course and the university. Hence, please check the university’s official website before applying. 

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Scholarships to Reduce the Cost of Studying MBA Abroad

Pursuing an MBA abroad is a dream for many, but the hefty price tag can be daunting. However, with the right scholarships, this dream can become an affordable reality. 

Did you know that over 50% of MBA students at top business schools like INSEAD and Harvard Business School receive some form of financial aid or scholarship?​ ​

Here’s a comprehensive list of scholarships designed to reduce the cost of studying for an MBA abroad. 

*Please Note: Amounts are indicative based on typical coverage of tuition fees, living expenses, and other associated costs. 

High-paying Jobs After Studying MBA Abroad in 2024

If you’ve reached this point, you’re likely convinced to pursue an MBA abroad. When considering the best countries for an MBA, it’s crucial to understand the immense career opportunities that await graduates.

Did you know that MBA graduates from top institutions like Harvard often see salary increases of up to 60-80% post-graduation? 

Here’s a look at some of the top high-paying jobs MBA graduates can expect in 2024.

Top Recruiters for MBA Graduates

When it comes to pursuing an MBA, securing a position with a top recruiter is often the ultimate goal for many students. A degree from a top university not only provides a world-class education but also places you in high demand, allowing you to choose the ideal company to kickstart your career. 

Here is a list of some of the top recruiters in the world for MBA graduates:

1. McKinsey & Company
2. Boston Consulting Group (BCG)
3. Bain & Company
4. Goldman Sachs
5. J.P. Morgan
6. Google
7. Amazon
8. Apple
9. Microsoft
10. Deloitte
11. Facebook
12. Procter & Gamble
13. PepsiCo
14. Citi
15. Morgan Stanley

To Conclude

Studying for an MBA abroad is more than just an educational experience — it’s a gateway to some of the highest-paying and most fulfilling careers in the global market. The best countries for MBA programs, such as the USA, UK, Canada, Australia and Germany, offer unparalleled opportunities and exposure that can significantly enhance your career trajectory. 

While this blog has covered the essential details about studying MBA abroad for Indian students, it’s natural to have specific questions or need personalized guidance. Here is where you take the Leap! 

LeapScholar has over 1,500 experts ready to assist you in navigating the complexities of studying abroad. Don’t let uncertainties hold you back from pursuing your dream education. Book a free call with our experts today and take the first step towards an exciting future.

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