Affordable MBA Abroad For Indian Students In 2024!

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MBAs are one of the perfect courses for becoming a master of management. This ensures that MBAs are in high demand among students. And why not? This course gives students incredible opportunities. Getting admission for MBA courses can cost between USD 55000 and USD 100000, making it tougher for students to afford the programme. At this point, there is a need for an affordable MBA abroad for Indian students!

If you have a dream to do an MBA abroad then this read wil help you find the cheapest country to study MBA for Indian students. There are many universities across the globe that provide MBA courses at reasonable tuition fees. Initially, you will face issues finding these universities, but we are here to help you with a list of affordable MBA colleges abroad for Indian students.

List Of Affordable MBA Abroad For Indian Students!

Many popular colleges worldwide offer MBA courses, but their fee structure needs to be lowered. Only some qualify for a scholarship or can avail of a loan. In that case, an MBA with low-cost tuition is the answer. While there are too many affordable countries to study for an MBA, Indian students need quality research-based education. Below is a list of the top ten affordable MBA colleges abroad for Indian students where you can go to get your dream courses.

Affordable MBA Abroad For Indian Students CountryTuition Fee Range (per year)Top UniversitiesCost of Living Range (per month)CanadaCAD 30,435 – CAD 31,856Memorial University of NewfoundlandCAD 1,000McGill UniversityThe University of British ColumbiaUniversity of Alberta, Wilfrid Laurier UniversitySimon Fraser UniversityChinaRMB 188,000 – RMB 438,000Peking UniversityRMB 3816Tsinghua UniversityShanghai Jiao Tong UniversitySouthwestern University of Finance and EconomicsRenmin UniversityShanghai University of FinanceSwitzerlandCHF 28,500 – CHF 70,000Swiss Federal Institute of Technology Zurich University of St.GallenCHF 1,850University of ZurichUniversity of LausanneEU Business SchoolAmerican UniversityGermany€19,000 – €45,000Humboldt Universität€850Berlin School of Economics & LawUniversity of Hamburg, Grenoble Ecole de ManagementMunich Business SchoolHHL Leipzig Graduate School of ManagementNorwayNo Tuition FeeBI Norwegian Business SchoolNOK 12,352NHH – Norwegian School of EconomicsThe Norwegian University of Science and TechnologyUniversity of OsloUniversity of AgderIreland€8,000 – €30,000University College Dublin€590 – €1,000Trinity College DublinUniversity College CorkUniversity of LimerickDublin City UniversityDublin Institute of TechnologyIrish Management InstituteNetherlands€12,000 – €54,000University of Amsterdam€800 – €1,100Maastricht UniversityErasmus University RotterdamNyenrode Business UniversityHanze University of Applied SciencesRotterdam University of Applied SciencesSingaporeSD 28,000 – SD 72,000Nanyang Technological UniversitySD 1,400National University of SingaporeSingapore University of Technology and DesignSingapore Management UniversityINSEADJames Cook UniversityFrance€14,930 – €89,000HEC Paris€600 – €800INSEAD – Europe CampusEMLYON Business SchoolESSEC Business SchoolEDHEC Business SchoolSKEMA Business SchoolSwedenSEK 330,000SSE Stockholm School of EconomicsSEK 12,000Stockholms UniversitetUniversity of GothenburgLUSEM – Lund University School of Economics and ManagementBlekinge Tekniska HögskolaBlekinge Institute of Technology

These were some countries where you can go for an MBA programme at very reasonable prices. These countries assure best streams In MBA for Indian students at low cost.

MBA Eligibility Requirements

A student wishing to pursue an MBA must meet all the eligibility criteria the institution sets. There are three types of eligibility criteria: the first and foremost is an academic qualification, the second is work experience, and the third is a language requirement. Check them out here:

Eligibility CriteriaDetailsAcademic QualificationsBachelor’s degree from a recognised university or institutionMinimum GPA or equivalent grade requirementEntrance exam scores (such as GMAT, GRE)Work ExperiencePreferred but not always mandatoryDuration and type of work experience required may vary depending on the programme or schoolSome programmes may require a certain number of years of professional experienceLanguage ProficiencyEnglish proficiency test scores (such as TOEFL, IELTS)Some programmes may require proficiency in additional languages

Total Cost Of Studying MBA Abroad

Studying in your dream college is not an easy feat; several obstacles can be overcome. You have planned it very early. While cost is vital in tuition fees and living expenses, different countries and colleges have distinct fee structures. The cost of an MBA abroad can be an essential aspect. Different types of costs come under this category.

Pre-Arrival Expenses

A student will have to consider the application costs, which often become a big part of financing. The following can be the approximate costs.

ExpensesAmount IELTS registration feeINR 17000TOEFL registration feeINR 16900GRE TestINR 15700GMAT Test INR 21000Airfare, depending on the destinationINR 30,000 to 120,000

Application Fees For Colleges

Students will have to be prepped with an application fee for the number of colleges they are interested in. Generally, a student applies to five colleges at a minimum.

CountryApplication FeesCanada50-250 CADChina$50-$150 USDSwitzerland100-250 CHFGermany0 to €75NorwayFree of change Ireland€40France80 EURNetherland€75 to €100Singapore$10 to $30Sweden900 SEK

Visa Application Fees Abroad

It is vital to know that visa application fees are one of the significant costs students need to pay before taking off. Foreign countries have different requirements regarding visa types and processes.

VISA TypeApplication FeeF1, M1 and J1 visa types (Canada)CAD 150X1 Visa (China) 339.06 YuanD visa (Switzerland)88 CHFGerman student visa (Germany)75€Norway student Visa (Norway)NOK 4,900 to NOK 6,500D study visa (Ireland)€60France80 EURSchengen Visa- VVR (Netherland)80 EURSingapore$30SwedenEUR 132

Insurance Cost For International Students

When you study abroad, you will have to pay for health insurance, which is different from one country to another.

If you want to go to Canada, you must spend around 600 to 900 CAD.

For Germany, you will have to pay between €80 to €100 per month

Students need 200 – 400 CHF in Switzerland.

In the Netherlands, you will have to pay 120 EUR per month.

USD 250 is required for health insurance annually in Norway

International students in China have to pay an average of 600 CNY.

How To Reduce Your Cost Of MBA Abroad?

Usually, an MBA abroad requires solid financial backing because it requires a lot of money from students to pursue. However, if you don’t have a financial backup or a limited amount, you can follow the steps to reduce the cost of an MBA abroad. These are some tremendous options for MBA in abroad for Indian students at low cost.

Choose an average school to pursue your MBA.

Select a shorter programme to reduce costs.

Apply for scholarships.

Do part-time work during your studies.

Select the cheapest accommodation near your college.

FAQ’s

Where can we go for affordable MBA abroad for Indian students?

Among too many options, Germany, Sweden, the UK and the USA are the best countries to study MBA for Indian students. Many of the schools in Germany do not change the tuition fee. Generally, you have to pay 150 EUS semester fees.

Which country is the best for MBA study?

Usually, every institution provides quality education, but according to the data, the USA and UK are the best options for MBA study for Indians.

In which country is the MBA salary the highest?

The USA and the UK are known for their higher placements, but apart from them, Switzerland is at the top of the list for providing high packages to MBA students. Their average base salary is around US$123,500.

Which countries are best for affordable mba abroad?

Generally, Indians are living and working across the globe. But the USA, Canada, the UK, Australia, and Europe are the best countries to study abroad.

Why should I consider studying for an MBA abroad?

Indian students have plenty of benefits from studying abroad. They can get access to high-quality education with advanced techniques and experienced facilities. After completion, you can achieve diverse career opportunities.

How can I secure financial assistance for my MBA abroad?

You can secure your financial assistance for an MBA abroad in several ways. You can get a loan from banks or try to get scholarships to pursue the best streams in MBA.

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