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MBA stands for Master in Business Administration. Many consider that a MBA degree is the ultimate entry ticket to get a good and high-paying job. This is because a MBA educational program fetches you both knowledge and expertise. These endowments help the candidate to get a good position with a company. Together with many options of MBA in India like regular MBA, MBA - Executive, MBA - Part time, MBA - Specialized sector, etc you also have the option of opting for MBA Abroad, i.e., MBA Course from the universities of abroad countries.

These courses are becoming popular day by day, because some countries boast of some reputed and famed varsities and colleges. To get a degree from these colleges, students apply for overseas MBA programs. The problem with MBA from foreign countries is that the overseas MBA programs would be seasonal in nature. This means that the colleges may not conduct them throughout the year. So, when you are applying for the courses, you need to check out some of the deadlines. You need to submit the online tests and exams well before time. So, if you manage to get it right, you can start learning under a good college in the foreign country.

Let us take you through some Important MBA Colleges Abroad.

Available Courses:
Apart from regular MBA in Marketing, MBA in Finance, and MBA in Human Resource, you can pursue MBA degree in other unique specialization as well.

For instance:

  • Hospital Management for Medical Professional
  • Agribusiness Management for Agriculture background professional
  • Hospitality and Tourism Management for a person from Travel or hospitality background
  • Petroleum Management for people interested in Petroleum sector
  • Etc.

Why Global MBA?

There are certain important differences between an Indian MBA degree and a foreign one. The learning environment and the 'MBA-experience' vary by a great extent with the school. Indian education system helps prepare conceptually strong managers with solid 'funda-es', the schools abroad focus on practical aspects and offer much broader exposure and perspective.

Here are the main benefits of a foreign MBA:

  • Broader Scope: You instantly become a 'global citizen' the moment you enroll! Your career opportunities become wider as you have an option to work in the foreign country, as well as come back home.
  • Practical Learning: Mostly, the foreign MBA courses are case study based, which makes them less 'bookish', interesting and fun to learn. Even the statistics course would make you think from a logical viewpoint, with little calculations involved.
  • Strong Peer Group: The class would typically have people from 10-30 different countries, with over 5 years of work experience (average). The cultural exposure would certainly broaden your outlook.
  • Better self-assessment: Many colleges offer informational interviews with psychometric tests, which allow you to discover yourself and help you make the best career choice for yourself.
  • Enjoyable Experience: While there always be a few sad folks in every schools, from my own experience, I can promise you that your experience will be immensely enjoyable. You only need to be clear about what you want out of the MBA, and possess a big heart.
  • Global Network: Several top ranked schools are over 100 year old, which offers you a strong and large alumni network. You'll be able to connect with the who's who of the business world, in every part of the world.

Weightage of Abroad MBA Degree in Inndia

A degree in MBA from a reputed international college or university means a lot in India. All the companies want to expand their business and when they get to appoint an MBA graduate, who has been in foreign country and learnt all the international standards of conducting business and improving profit, they never thinks twice and hires him/her immediately by offering an undeniable package.

This gives them an edge over their competitors as a fresh and innovative mind is at work at their end. It has always been an unwritten protocol that says colleges and universities in foreign country has to be better than the India colleges and institutes as the study pattern in our country and abroad are completely different and their curriculum of every subject include much more practical exposure than Indian curriculum.

Thus, a degree in MBA from abroad is of tremendous significance in India.


Aspiring students interested in attending a postgraduate business course often find themselves trapped in a dilemma they find difficult to get out of: Should they pursue an MBA in India or should they opt for an MBA degree from abroad? And the temptation of getting a graduate degree in business management from a reputed foreign university is undeniable.

Set your Expectations:
There is no right or wrong answer to the decision you make regarding pursuing an MBA in India or abroad. It all depends on your personal and professional expectations post graduation as it will influence which academic path is more suitable for you.

For instance, if you plan to develop a professional career and a management position in an Indian company, then you should definitely consider attending an MBA in any of the prestigious Indian B-schools. Having a local post graduate degree will be valued by potential employers. In addition to this, your contacts network will mostly be built up of Indian colleagues who will be able to help you land the position you want or put you through with their own contacts so that your career goals can be met.

On the other hand, if you are interested in pursuing a global career and in developing a global business outlook, then your best choice will be to pursue an MBA abroad. It will give you the chance of being immersed in a multinational and multicultural environment that will urge you to move out of your comfort zone. Needless to say, your contacts network will include people from the four corners of the world, which can open up doors for you almost anywhere.

Futuristic Approach:
If you are thinking from the future point of view then you must consider the fact that India is a vibrant economy today and corporate the world over value the pool of talent that exists here. In fact, people opt for positions in India to be a part of the growing economy. Lately there has been an increase in the number of NRIs coming back to India. In this thriving scenario, it makes sense to get your degree from an Indian B-school.

There has also been a steady increase in the number of tie-ups between Indian and foreign universities. Some of them include the SP Jain Institute of Management and Research with Virginia Tech, the Indian School of Business with the Wharton School-Kellogg School of Management, the Management Development Institute with Cambridge College, Great Lake & Yale, Welingkar College with Temple University, the Institute of Management and Technology with Fairleigh Dickinson University, Great Lakes and Yale University. Thus, with more and more premier international education its way to Indian shores, one can experience the benefits an international education and a lesser cost.

Also, Indian MBA courses have been expanding and growing significantly in recent years. MBA graduates from Indian B-schools have proved their mettle in the global working environment and are offered top positions in several organisations. Considering the purchasing power parity, initial expenditure (cost of the program), initial placements, and growth in salary as inputs in decision, MNCs do not have to think twice before coming to India in search of middle and senior management talent.

Personal Aspirations - Motivation for going abroad for MBA
Last but not the least, the ideas, that can end this dilemma of yours, are as follows:

You need to consider each of these points, and then only you can get a specific answer that can help you in deciding whether to go for an MBA from India or Abroad?
  • International career aspirations - If you have international career aspiration, you should go for MBA Abroad rather than MBA in India.
  • Global exposure with blue chip firms - If your dream companies are the world famous blue chip firms and companies, then also you should pursue an MBA from Abroad as many of these firms do not come for placement in Indian colleges and institutes.
  • Financial gains - The salary package that you will receive after an MBA degree from abroad, in India as well as in foreign country, has no match with what you will be offered after an Indian MBA degree. Therefore, your financial prospective also plays an important role in this decision making.
  • Access to the best available faculty and infrastructure - No need to explain as it is a well known fact that colleges, institutes and universities abroad has much better facilities and infrastructure than the Indian colleges, institutes and universities.
  • A one year course - mainly the regular MBA courses in abroad are on one year that saves a lot of time in comparison to 2 - Years regular MBA program in India.
  • A Desire to settle abroad - If you plan to settle abroad, it is a must to pursue your higher studies there as their firms and companies will give preference to the candidate who knows the work culture and environment of their country and has experience of it. So, it's better to pursue your studies there if you plan to get settled there only.


Even by the most conservative estimates, pursuing an MBA degree abroad would set you back by at least Rs. 10 lakhs, if you have to shell out the money on your own. This could go up to as much as Rs. 30 lakhs for the top U.S. B-schools. Financial aid is limited, and comes with strings attached.

That is why despite of the fact that all reputed universities across the globe offer scholarships for international candidates, the number of candidates being awarded the same is limited. The Abroad MBA fees structure is apparently higher than that of Indian B-Schools, and if the other expenses are also considered such as living expenses, accommodation, study visits, consumables and equipment, it could cross your budget. So in this case assume that you are not going to get any scholarship and then look at the funds available at your disposal. If you have sufficient funds then pursuing an MBA abroad may be a good idea. But if you have financial constraints then you need to think on it. Bank loans are available but opt for it only if you are confident about your successful completion of the course and your ability to repay the loan.


Eligibility criteria for studying MBA abroad vary from country to country and school to school. But for most of the schools the following criteria are followed:
  • 3-4 years of education post the 10+2 stage
  • Prior work experience is recommended (Required for a majority of the schools)
  • GMAT and TOEFL/IELTS scores (GMAT is mandatory for all schools in the US, recommended for schools elsewhere - unless specified)
  • A strong extracurricular record

As is obvious, all the schools relatively compare you to the rest of the applicants. But along with that, a realistic assessment of one's capabilities is also done. In case you don't have prior work experience, there is not much to be gained by applying to schools abroad. In case you see that your GMAT scores are above the cut off averages of schools you wish to apply for, then you automatically make a strong case for yourself. Along with a strong academic record, MBA schools abroad also give quite a lot of weight to extracurricular activities - in the belief that an applicant needs to be well rounded and capable of giving back to society. This is a very important facet which one tends to ignore.


The fundamentals of business are taught in every MBA program. Accounting, economics, finance, organizational behavior, marketing, statistics, and operations form the primary business disciplines and skills and are in the expected repertoire for any MBA. How and when students cover the basic skills varies, however. In most programs these subjects will be taught in a group of core courses required of every student. These core courses consume most or all of the first year of study in a two-year fulltime program. In some programs, students who have a prior background in business can be exempted or waived from some or all of the core courses, on the basis of either a special examination or an evaluation of the undergraduate transcript.

Some programs regard a few areas as background knowledge and expect you to have learned the material before you start your graduate program. Statistics, economics, and accounting often fall in this group. When you're comparing the length of programs and calculating time to degree, be sure you remember to consider any program prerequisites. (Calculus and computer skills are also common prerequisites for MBA programs.)

Other programs take another approach, offering the core courses within the structure of the program but requiring this course work only of those students who have not mastered it previously. If your program has two tiers, with different entrance points-for students with undergraduate degrees in business and those with degrees in non-business areas-you may be exempted from some or all of the first year of the program if you were an undergrad business major.

Quantitative Skills
It has been said that mathematics is "the language of business." But many MBA programs are moving away from the heavily analytical approaches that predominated several years ago and are giving increased emphasis to the "soft" areas of communication and interpersonal skills. Said that, the quantitative elements of business studies have not gone away.

The actual level of mathematical knowledge that you'll need varies widely from program to program. Some schools expect you to have studied statistics before entering the program. Some will expect you to use calculus on a regular basis. Generally speaking, you should certainly feel comfortable with college algebra and brush up your quantitative skills if they're rusty.

It's a tech world out there
In an ongoing effort to adapt to technological change, almost all business schools have integrated personal computers into their programs. Many schools will require you to have your own laptop. The extent to which you'll be expected to use a computer will vary from program to program, but you should make an effort to have at least a minimum comfort level with word processing, spreadsheets, and databases before starting school. You may want to check with the schools you're interested in to find out the hardware and software specifications.

Are you a team player?
One of the ways schools are mimicking the business environment in their academic programs is in the use of student teams. As corporations have increasingly turned to teams to work on projects and to solve problems, MBA programs have converted an increased share of course work from individual work to team work. Many programs now incorporate training in teambuilding somewhere in the program - either as part of new student orientation, in team building workshops, or as a topic in organizational behavior courses.

Teams may be formed for the purpose of one project in one course or they may remain together for months, working on multiple courses. In the often competitive environment of MBA programs, the cooperation required of teams doesn't always come naturally. Since team work is almost always time consuming, students in schools that use teams may find that activities and even policies on work during the academic year reflect the heavy time commitment of working with others.


For pursuing MBA from Abroad, an aspirant has to go through three two qualifying tests:
  1. TOFEL/IELTS (Test of Proficiency in English)
  2. GMAT (MBA Entrance Exam)
1. TOFEL/IELTS (Test of Proficiency in English)

For quite a while now, there have been two major English language proficiency exams that MBA programs use to test an applicant's ability to speak in English: the Test of English as a Foreign Language (TOEFL) and the International English Language Testing System (IELTS).

But recently, Pearson-one of the most prominent educational companies and publishing houses in the US-has launched its own Proficiency Exam: the Pearson Test of English, Academic (PTE Academic).

Although each exam claims to be a test of "English" in the most universal sense of that word, this is not exactly true. The IELTS relies on more British and Australian English, while TOEFL and PTE Academic draw from a more distinctly American idiom.

These three tests claim to deliver equitable results; yet, not every MBA program accepts all three exams. In general, the IELTS is more accepted in Europe and Australia while the TOEFL is much more commonly accepted by MBA programs in the US. The PTE Academic, though the newest of the three, is making good headway into being accepted by MBA programs all over the world. Moreover, its partners (of which, in the interest of full disclosure, Strictly English is one) are gaining a sizable footprint in the Asian test-prep market.

Because not every MBA program accepts all three tests, be sure you take the necessary exam for each program you apply to. This might mean you have to take two of these tests: The IELTS for one program and the TOEFL for another. Since the PTE Academic is the newest of the exams, most schools that accept it also accept one of the other two exams.

If you are lucky enough to apply to a program that accepts more than one of these exams, you might want to think about which exam suits your testing style best. For example, the Speaking section of each test is very different. And since this language skill is often the most difficult for test-takers to master, you might want to consider which test's speaking section is best suited to your strengths.

On the IELTS, you speak face-to-face with the Rater, which for some test-takers is more comforting, while for others is more anxious-making. On both the TOEFL and the PTE Academic you speak into a microphone and the computer captures the audio. Again, this might be more relaxing for some people or more unsettling. (NOTE: your TOEFL/IELTS speaking is evaluated by a human Rater, while your PTE speaking is evaluated by a computer program).

2. GMAT (MBA Entrance Exam)

GMAT (Graduate Management Admission Test) is a computer-adaptive standardized test in Math and English to check your aptitude for business studies. You need to appear for this exam if you are interested in pursuing an MBA Degree from abroad.

For further detail on GMAT Entrance Exam, you can visit our section especially devoted to GMAT 2017.

We at MBA Rendezvous are also offering you dedicated GMAT Reference Material.


GMAT is an expensive exam to appear therefore, make sure you are well prepared for the exam. For a flawless preparation, you need to analyze the GMAT pattern and sample questions very closely. Once you are well aware of the structure and syllabus of the teat, you can decide how to go about the preparation of the exam?

You can see in detail about this topic by visiting our GMAT 2017 dedicated Section.


This factor also depends on you. If, after analysis, you feel that you need to brush up your basics before appearing for the exam, you should take around 3 months for detail preparation. But if you are confident enough, you can take the exam whenever it is feasible for you.

The most popular destinations for MBA abroad are USA, UK, Rest of Europe and Australia. Few top most MBA colleges and institutes abroad (randomly) are:
  1. London Business School

    Situated in central London, this business school is certainly the best business school in UK and also the best MBA College in the world. It also sits on the top rank in Forbes list of Top business school and FT list of top MBA School.

    Top parameter for LBS:
    • Rank: No 1 in FT and Forbes list for 2010 and also in 2009.
    • Average Salary (in $): 141000 PA
    • International student %: 92
    • Faculty with doctorate%: 98

    • Regent's Park, London, NW1 4SA, UK.

    Some of the major programs provided by the school are:
    • MBA
    • Executive MBA
    • EMBA-Global
    • Dubai-London EMBA
    • Masters in Finance
    • Sloan Masters in Leadership and Strategy
    • Masters in Management
    • Executive Education
    • PhD

  2. Wharton Business school, University of Pennsylvania

    Ranked No.1 in Top MBA College in US and rank 2 in the world, Wharton business school is a world class institution providing top class study program. Providing both undergraduate and post graduate program, its EMBA is a hit amongst the working executives.

    Top parameters for Wharton are:
    • Rank: Rank 2 in 2010, rank 1 in 2009 and 2008.
    • Average Salary (in $): 163000
    • International student %: 38
    • Faculty with doctorate%: 100

    • The Wharton School, University of Pennsylvania, 420 Jon M. Huntsman Hall, 3720 Walnut Street, Philadelphia, PA US 19104, USA

    • www.wharton.upenn.edu

    Some of the major programs offered by school:
    • EMBA
    • Wharton full time MBA programs
    • Wharton undergraduates program

  3. Harvard Business School

    Currently ranked 3 in the world, Harvard Business School has been one of the world's most prestigious business schools for a long time. Based in Massachusetts, Harvard is pioneer in offering full time MBA programs suitable for all kinds of business organisations.

    Top parameters for Harvard are:
    • Rank: Rank 3 in 2010, 2009.
    • Average rank 4 in last 3 years
    • Average Salary (in $): 161000
    • International student %: 36
    • Faculty with doctorate%: 95

    • Harvard Business School, Soldiers Field Boston, Massachusetts 02163

    • www.hbs.edu

    Some of the major programs offered by school:
    • 2 years full time MBA
    • Executive MBA for working professionals
    • PhD program

  4. Stanford Graduate School Of Business

    Based in California, Stanford business school is among the topmost business school in USA and currently ranked 4 in the world. This school also benefit from the reputation of Stanford University which is among the best universities among the world for science and math.

    Top parameters for GSB:
    • Rank: Rank 4 in 2010, 6th in 2009. Average rank 5 in last 3 years
    • Average Salary (in $): 169000
    • International student %: 36
    • Faculty with doctorate%: 97

    • Stanford Graduate School of Business, 518 Memorial Way, Stanford, CA 94305, US

    • MBA enquiries: 650 723 2766

    Executive Education enquiries:
    • 650-723-3341

    • www.gsb.stanford.edu

    Some of the major programs offered by school:
    • 2 years full time MBA
    • Executive MBA for working professionals
    • PhD program
    • Sloan MBA (10 months)

  5. Insead, France / Singapore

    Based in Cedex, France this business school is 2nd most prestigious MBA college in Europe and 5th in world. Celebrating 25th anniversary this year, this MBA institute is pioneer in offering executive MBA and have started campuses in Singapore and Abu Dhabi.

    Top parameters for Insead:
    • Rank: Rank 5 in 2010 and 2009.
    • Average rank 5 in last 3 years
    • Average Salary (in $): 140000
    • International student %: 92
    • Faculty with doctorate%: 96

    • Insead, Europe Campus, Boulevard de Constance, 77305 Fontainebleau Cedex, France.

    • France: +33 (0)1-60-72-40-00
    • Singapore: +65-67-99-53-88

    • www.insead.edu

    Some of the major programs offered by school:
    • 1 years full time MBA
    • 1 year Executive MBA for working professionals
    • PhD program
    • Executive education

  6. Columbia Business school

    Although the ranking of Columbia Business School has been dropping in last 2-3 years, it is still among the very best business school in the world. Currently ranked 6th on the FT list of top business schools, this New York based school offers a variety of MBA courses.

    Top parameters for Columbia Business School:
    • Rank: Rank 6 in 2010, 4th in 2009. Average rank 5 in last 3 years
    • Average Salary (in $): 164000
    • International student %: 44
    • Faculty with doctorate%: 95

    • Columbia Business School, 3022 Broadway, Uris Hall, Room 216, New York, NY 10027, USA

    • 212.854.1961

    • www.gsb.columbia.edu

    Some of the major programs offered by school:
    • 2 years full time MBA
    • Executive MBA for working professionals
    • PhD program
    • Executive education

  7. IE Business School, Spain

    Based in Madrid, IE business school has leaped ranking in various top business school list in last couple of years. It boasts its international reputation with students from more than 70 countries is currently enrolled in its MBA program.

    Top parameters for IE Business School:
    • Rank: Rank 7 in 2010, 8th in 2009.
    • Average rank 7 in last 3 years
    • Average Salary (in $): 134000
    • International student %: 86
    • Faculty with doctorate%: 89

    • IE Business School, C/ Mar�a de Molina, 11, 13, 15, Spain

    • +34 915689600

    Some of the major programs offered by school:
    • 1 years full time MBA
    • Executive MBA for working professionals
    • PhD program
    • Executive education

  8. MIT Sloan School Of Management

    Based in Massachusetts, MIT is one of the oldest and reputed institutes for Management studies. It has not only managed to be among the top Management colleges in United States but also have been featured among the top B Schools in the world for a long time.

    Top parameters for MIT Sloan Business School:
    • Rank: Rank 8 in 2010, 9th in 2009.
    • Average rank 8 in last 3 years
    • Average Salary (in $): 154000
    • International student %: 48
    • Faculty with doctorate%: 100

    • MIT Sloan School of Management, MIT Sloan, 50 Memorial Drive, Cambridge, Massachusetts 02142, United States

    • mitsloan.mit.edu

    Some of the major programs offered by school:
    • 1 years full time MBA
    • Executive MBA for working professionals
    • PhD program
    • Executive education
    • Master of Finance
    • Undergraduate Programs

  9. Booth School of Business, University of Chicago

    Booth School of business, University of Chicago has leaped 2 ranks from 11th in 2009 to rank 9 in 2010. It is also helped by huge reputation of University of Chicago which is amongst the top universities in the world.

    Top parameters for Booth School of Business:
    • Rank: Rank 9 in 2010, 11th 2009.
    • Average rank 10n last 3 years
    • Average Salary (in $): 15600
    • International student %: 40
    • Faculty with doctorate%: 97

    • University of Chicago: Booth, University of Chicago Booth School of Business, 5807 South Woodlawn Avenue, Chicago, Illinois 60637, USA

    • 773.702.7369

    • www.chicagobooth.edu

    Some of the major programs offered by school:
    • 2 years full time MBA
    • Part time MBA
    • Evening MBA program
    • Executive MBA for working professionals
    • PhD program
    • Executive education

  10. Hong Kong UST Business School

    Hong Kong UST Business school is the most prestigious business school in Asia and among the top 10 reputed B Schools in the world. It has leaped 6 positions from its ranking of 16 among the top MBA schools in 2009 to 10th in 2010.

    Top parameters for Hong Kong UST Business School:
    • Rank: Rank 10 in 2010, 16th 2009.
    • Average rank 14th in last 3 years
    • Average Salary (in $): 115000
    • International student %: 93
    • Faculty with doctorate%: 100

    • Hong Kong UST Business School, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong

    • (852) 2358-7533

    • www.bm.ust.hk

    Some of the major programs offered by school:
    • 2 years full time MBA
    • Part time MBA
    • Master of Science
    • EMBA for working professionals
    • PhD program
    • Executive education
    • Undergraduate Program


Top USA MBA Schools
  1. University of Pennsylvania: Wharton
  2. Columbia Business School
  3. Stanford University GSB
  4. Harvard Business School
  5. MIT: Sloan
  6. University of Chicago GSB
  7. New York University: Stern
  8. Dartmouth College: Tuck
  9. Yale School of Management
  10. Northwestern University: Kellogg

Top UK MBA Schools

  1. London Business School
  2. ESCP-EAP European School of Management
  3. Cranfield School of Management
  4. City University: Cass
  5. London School of Economics and Political Science
  6. Lancaster University Management School
  7. Warwick Business School
  8. Henley Management College
  9. University of Oxford: Sa�d
  10. Imperial College London: Tanaka

Top European MBA Schools

S. No.
Business School Name
HEC Paris
London Business School
France / Singapore
IE Business School
Iese Business School
ESCP-EAP European School of Management
France / U.K. / Germany / Spain / Italy
Rotterdam School of Management, Erasmus University
EM Lyon
Esade Business School

Top Australian MBA schools

  1. Deakin University
  2. Australian Graduate School of Management
  3. Melbourne Business School
  4. Macquarie Graduate School of Management
  5. Brisbane Graduate School of Business
  6. University of Queensland
  7. University of Adelaide
  8. Curtin University of Technology
  9. University of Technology Sydney
  10. University of South Australia (International GSM)
  11. RMIT University


  • New Zealand,Singapore,Canada,Sweden,Hong Kong, Malaysia

For latest updates on MBA abroad, stay tuned to MBA Rendezvous - India's only content lead MBA portal.