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There are numerous career fields to pick from in today’s society, as well as several professionals to compete with for those jobs! It always begins with a fascination of a graduate, no matter what their academic background, to gain a MBA abroad for indian students. After completing their undergraduate and gaining a glimpse of corporate experience, most students understand the importance of business fundamentals in the corporate world.
MBA Abroad For Indian students: A Snapshot
MBA abroad for indian students is a graduate degree that emphasises leadership development and business fundamentals. On the other hand, MBAs provide significantly more for the vast majority of students: a more extensive professional network greater career chances.
| MBA Duration | 1-2 Years |
| Competitive GMAT Score | 634-734 |
| Average Work-Experience | Three to five years |
| Fees | $20,000- $197,000 |
| Average Salary | $120,000 to $150,000 |
| Top post-MBA Industries | Finance Consulting Technology |
Top MBA Colleges in the World
Getting an MBA can really change your life. It's like a passport to lots of different job options and it helps you become a better leader and manager. People who want to be big shots in business usually look for the top MBA programs. There are some schools all around the world that are known for being really good. They give top-notch education, have lots of successful alumni, and teach in cool ways that keep up with the times.
| MBA Colleges Abroad | Program Duration | Full-time MBA Tuition Fees | Full-time MBA Average Salary | Average GMAT |
| Harvard Business School | 2 Year | $115,000 | $90,789 | 720 |
| Stanford Graduate School of Management | 2 year | $79,860 | $160,000 | 650 |
| The Wharton School | 2 year | $87,370 | $175,000 | 728 |
| Columbia University | 2 year | $80,472 | $175,000 | 729 |
| Massachusetts Institute Technology | 20 months | $197,000 | $165,000 | 730 |
| Cornell University | 2 year | $79,910 | $155,048 | 710 |
| Tuck School of Business | 2 year | $77,520 | $175,000 | 726 |
| Kellogg School of Management | 2 year | $78,276 | $175,000 | 731 |
| UCLA Anderson School | 2 year | $45,240 | $130,000 | 710 |
| Rotman School of Management | 2 Year | CAD $136,410 | CAD $104,622 | 720 |
| UBC Sauder School of Business | 2 year | CAD 99,287 | CAD 1,33,387 | 650 |
| McGill University | 2 year | CAD 102,500 | CAD 102,466 | 728 |
| Ivey Business School | 20 months | CAD $86,000 | $141,231 | 730 |
| Ted Rogers School of Management | 2 year | $53,804 | $ 54,000 | 710 |
| Frankfurt School of Finance & Management | 12 months | €42,000 | €73,951 | 610 |
| WHU – Otto Beisheim School of Management | 12 months | €43,500 | €84,608 | 638 |
| ESMT Berlin | 15 months | €49,000 | €83,902 | 640 |
| Leipzig University – HHL Leipzig Graduate School of Management | 15 – 20 months | €39,500 | €65,735 | 630 |
| Technical University of Munich – TUM School of Management | 12 months | € 26,557 | € 118,000 | 600 |
| HEC Paris | 2 Year | €97,000. | €53,232 | 720 |
| INSEAD Business School | 2 year | €99,500 | €1,01,714 | 650 |
| ESSEC Business School | 2 year | €49,500 | €93,292 | 728 |
| EDHEC Business School | 20 months | €51,000 | €95,904 | 730 |
| ESCP Business School | 2 year | €46,350. | €62,641 | 710 |
| IESE Business School | 2 Years | €105,00 | €94,659 | 580-750 |
| ESADE Business School | 12, 15 or 18 Months | €77,500 | €125,928 | 660 |
| IE Business School | 11, 15 or 19 Months | €82,300 | €108,700 | 680 |
| EADA Business School | 14 Months | €43,000 | €102,573 | 650 |
| ESCP Business School | 10- 34 Months | €47,000 | €87,667 | 640 |
MBA Eligibility and Requirements
MBA abroad for indian students programmes are offered in a variety of disciplines and are internationally recognised. It is a degree that allows students to work at some of the world’s most prestigious firms. You may study an MBA full-time, part-time, distance, or online, with a course programme tailored to your needs. For pursuing MBA from abroad, the major requirements include:
| Bachelors and Average GPA | Before applying for a master’s in business administration from a foreign nation, each applicant needs to complete a bachelor’s degree in business or a related discipline from a recognised university. |
| English Proficiency test | Most of the universities in foreign countries require a minimum of 3 to 5 years of work experience. The corporate work experience adds various soft and technical skills that help the applicants in understanding the operations of businesses. |
| GMAT | Other than TOEFL or IELTS, the applicants applying for Masters in Business Administration should appear for the GMAT exam as a necessary requirement. |
| Other Documents Required | Along with all the above-mentioned criteria, every applicant must submit various documents to the university. The list of documents includes a resume with relevant experience, LORs, official transcripts, present photograph, a passport, and a visa |
| University Entrance Examinations | Some universities also conduct an entrance exam for Master in Business Administration admission of international students. Clearing these exams clears the path of the applicants to get access to the university. |
| Interview | MBA interviews are necessary for admission in the business schools for each applicant. A Master in Business Administration interview is the best opportunity to impress the admissions committee by presenting yourself in a professional manner. |
| Resume | MBA interviews are necessary for admission in the business schools for each applicant. A Master in Business Administration interview is the best opportunity to impress the admissions committee by presenting yourself in a professional manner. |
| Essay & LOR | These two documents portray your academic and professional journey as a whole which helps the admissions committee to evaluate your profile better. |
Types of MBA
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An MBA abroad for indian students requires you to step outside of your comfort zone. The MBA program curriculum is meant to focus more on the practical components of business and management. An MBA can also help you prepare for changes in the corporate world. Following are the types of MBA abroad for indian students that you can choose according to your preferences:
| Full time | The full-time Master in Business Administration is a fundamental managerial degree that aims to provide students with a thorough grasp of how businesses operate and how business executives respond to constantly changing conditions and difficulties. |
| Part-Time | Working professionals who are unable to miss work to pursue full-time courses can benefit from the part-time MBA programme. Individuals who want to advance in their current careers may find this programme particularly intriguing. |
| One Year MBA | Although a standard full-time MBA in the United States takes two years, European business schools have long offered one-year programmes. However, these places, as well as the rest of the business school world, will provide one and two-year degree options. |
| Executive MBA | EMBA students, for the most part, continue in their existing MBA jobs full-time while completing pieces of their coursework via distance learning and/or online. In-person EMBA sessions, on the other hand, are held on weeknights, weekends, and/or intense weeks, depending on the university. |
| Online MBA | Online Master in Business Administration programmes are offered at a variety of MBA universities and online platforms for 1-4 years. Graduates who wish to work straight after graduation or who are currently working might benefit from online MBA programmes. In comparison to a full-time MBA, the qualifying conditions for an online MBA are more flexible. |
Fees & Expenses in MBA
When considering an MBA program, it's crucial to understand the fees and expenses involved, as they represent a significant investment in your future. The costs of an MBA program can vary widely depending on factors like location, prestige, and whether the program is full-time or part-time.
| Expense | Amount |
| Accomodation | On-Campus Housing: $8,000 - $15,000/year Off-Campus Apartments: $800 - $2,000/month Shared Housing: $500 - $1,200/month Homestay: $500 - $1,200/month |
| Food | Monthly grocery bill: $150 - $300 Eating out (occasionally): $10 - $30 per meal Total monthly food expenses: $200 - $400 |
| Transport | Public transportation (monthly pass): $70 - $120 (varies by city) Occasional taxi or ride-sharing: $10-$20 per trip Total monthly transport expenses: $80 - $140 |
| Utility | Electricity, heating, cooling (for a small apartment): $100 - $200 per month Internet and mobile phone plan: $50 - $100 per month Total monthly utility expenses: $150 - $300 |
Jobs and Career After MBA
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An MBA abroad for indian students degree opens up a wide range of employment opportunities across various industries and sectors. Here are some key fields and career paths where MBA graduates can find promising job prospects:
| Job Role | Salary Range |
| Financial Analyst | $60,000 - $150,000 |
| Marketing Manager | $70,000 - $150,000 |
| Management Consultant | $70,000 - $200,000 |
| Operations Manager | $60,000 - $150,000 |
| Human Resources Manager | $60,000 - $150,000 |
| IT Manager | $70,000 - $150,000 |
| Investment Banker | $100,000 - $200,000 |
| Supply Chain Manager | $70,000 - $150,000 |
| Healthcare Administrator | $70,000 - $150,000 |
| Project Manager | $70,000 - $150,000 |
| International Business Manager | $70,000 - $150,000 |
MBA Abroad for Indian Students: Without GMAT
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Pursuing an MBA abroad for indian students without taking the GMAT is becoming increasingly feasible, as many international business schools now offer alternatives to this traditional entrance exam. These schools may assess a candidate's suitability through their professional experience, academic performance, or other standardized tests like the GRE.
MBA Abroad For Indian Students without GMAT
These schools prioritise applicants' comprehensive profiles, including work experience and academic achievements, reducing the emphasis on GMAT scores
- Harvard Business School: Waives GMAT for some applicants with exceptional experience.
- MIT Sloan School of Management: Considers applicants holistically, with a focus on past academic and professional achievements.
- Kellogg School of Management at Northwestern University: Offers GMAT waivers for select candidates.
- Darden School of Business at the University of Virginia: Considers a strong application in lieu of GMAT scores.
- Tepper School of Business at Carnegie Mellon University: Allows candidates with significant experience to request a GMAT waiver.
Conclusion
Is an MBA worth it? The MBA abroad for indian students degree has become one of the most sought-after qualifications in the business world, and for good reason. With a wide range of specializations to choose from and the potential for high earning potential and career growth, pursuing an MBA can be a smart investment for your future. However, it is important to choose the right MBA program and specialization that aligns with your career goals and interests.
