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Cheapest Countries To Pursue Your MBA Education

MBA is probably the most sought-after master’s program, not just for its earning potential but also for the exposure and network that comes along with it. Many students struggle between an MBA in India or abroad. However, if you choose to go abroad, it comes with a pretty penny especially when targeting the USA, which is also the home to premier business schools of the world. This can prove to be a roadblock for many aspirants, who usually have to go via the loan route. While it is a harsh reality, there are many top business schools that will make a slightly forgiving dent in your pocket! We are here to discuss some options with you regionally, which will help you make a better decision.

UK is one of the most preferred B-School destinations and competes with the USA in terms of popularity. With it comes a hefty price tag when we talk about traditional business schools like the Oxford Said, Cambridge Judge, or the London Business School.

However, there are many affordable options for those looking to study in the British country. For example:

Here are the top business schools in France

Here is an overview of the top Business Schools in Spain:

Germany is an upcoming destination for students who want a quality education without exorbitant fees. It is a good location to pursue a top-class MBA. It is an industrial hub with top recruiters like Audi, Mercedes, Volkswagen, etc. On top of that, you do not have to mandatorily learn German although a working knowledge of German will give you distinct advantages.

Here are the top business schools in Germany

It is hands down one of the cheapest business school destination for Indian students. The tuition fee is nominal as compared to other countries and is next to nothing in public universities. Norway has one of the highest standards of living in the world and is one of the safest places. Also, their fee does not vary as per the country of the candidate.

Here are the top options in Norway:

As you can see, the cost varies across the board, but it is substantially less than in other places. However, these are just some of the options, and the GMAT score is relatively low at 600 approximately for most universities.

These include Italy with Bocconi University and Luiss Business School being the top picks, and Poland with Universidad Kozminski and ESCP Business School. The options are endless!

It is way more affordable than a US MBA, but also a lot more friendly country in general. As you can see in the table below, it does not have the exorbitant GMAT score requirement either. The Canadian MBA schools have world-class infrastructure and are way more affordable than other global management courses. Over and above, it is easier to secure employment in a burgeoning economy like Canada, along with extensive networking and internship opportunities. Eventually, students get absorbed in one of the top companies that come for recruitment. Another feather on the cap is a three-year work permit post-MBA for Indian students. In addition, it is well known that there is a strong Indian community, and students can work for 20 hours every week off-campus while pursuing their MBA.

Here is an overview of the top 5 MBA colleges in Canada

The USA can be a cheap destination if you are willing to go beyond the usual top-ranked MBA colleges. For instance, UT Austin, MC Comb School of Business specializes in finance, or Kentucky State University can offer you a low-cost MBA without compromising the quality of education or infrastructure. Similarly, Iowa State University can be a viable option for those looking for a STEM MBA on a budget. In addition, many of these schools offer financial aid to meritorious candidates while offering best-in-class job offerings post-MBA.

Here we will be discussing countries other than India, as Indian B Schools are a separate topic altogether. Asia still remains one of the top locations in the world for business school aspirants, given that

One of the most obvious choices for students looking to go abroad. It is home to some of the top business schools in Asia, and the students routinely acquire lucrative packages after graduation from their business programs.

This includes Australia primarily. The land of Kangaroos is a growing attraction for Indian students, as it offers a wide industry-accepted MBA, along with other perks. Some of these include flexibility to work up to 20 hours every week during your course, and unlimited time during your time off, that is, holidays. Additionally, it is easier to get absorbed into the industry after an MBA and the continent country holds the reputation of being one of the highest-paying nations in the world. Additionally, they also have a burgeoning Indian community.

GMAT is not required for many Australian universities, however, there is an IELTS/TOEFL requirement.


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