Are you confused about whether to pursue an MBA in abroad or not, not sure which is better? Confused about the eligibility criteria for an MBA degree. Are you looking for the top universities to pursue an MBA program in famous study-abroad destinations like the USA, UK, France, Germany, Australia, etc.? UrbanCoach will provide you with every detail in this article. Go through this to find out about the future prospects, growth, salaries, top courses, top colleges/universities, etc. In short, you will find everything you need to know about MBA.
What are the Advantages of pursuing an MBA program?
There are plenty of advantages for an MBA graduate. Below are some of the major advantages of an MBA program which will provide you with an upper hand in the job market.
You will learn Management Skills
In today’s world to run a business successfully, one needs to possess excellent management skills. This skill is the most sought-after by the employers. If you are someone who wants to learn or like to plan or manage anything an MBA degree is the right choice for you. Under management skills you will learn a plethora of skills which are listed below:
- Manufacturing, advertising and selling the products or services
- Maintaining a positive image of the organisation
- Keeping a healthy organisational finance
- Gathering, interpreting all the data and providing useful insights
- Hiring the right people by keeping them motivated
- Creating hierarchies in the company to help it thrive
- Make the right decision at the right time
- Taking consumer feedback, understanding the, and implementing to drive growth
- Following and understanding the ethical principles in a business
- Managing, planning and executive projects efficiently
You can Avail the Access to an extensive business network
By enrolling in an MBA degree, you can avail an extensive range of networking. Networking is very important in business management. You will be able to participate in many industrial workshops and seminars by gaining practical knowledge. In the business school, you will get the opportunity to interact with fellow students, professors, and alumni who are business professionals. All these interactions and network building will provide you with a diverse range of perspectives.
High-income scale
The income of an MBA graduate is higher when compared to an MS graduate. With an MBA degree, one can earn handsome salaries. The most popular sectors for MBA graduates are Human Resources, Consultancy, Marketing, Finance, Business Operations or even go for Entrepreneurship. An MBA graduate can almost work in any sector be it healthcare, Retail services, Manufacturing etc.
The most in-demand job roles for MBA graduates are Investment Banker, Consultant, Brand Manager, Operations Manager, Product Manager, Health Services Manager, HR Manager, Founder/CEO of a Startup, and E-commerce Manager etc.
Now let’s discuss the average salaries of an MBA graduate:
| Country | Recent MBA Graduate | After 5 years |
| The USA | $90,000 – $120,000 | $140,000 – $180,000 |
| Europe | €70,000 – €90,000 | €100,000 – €130,000 |
| India | INR 1,200,000 – 1,800,000 | INR 2,500,000 – 3,500,000 |
Please note that the salaries may vary based on your job role, industry and location.
Expand your career prospects
Many MBA graduates are placed directly into Managerial positions. You can many top positions are acquired by MBA grads. In reputed companies, the Board of directors are MBA degree holders. The MBA degree will open up new doors for administrative and managerial positions. Around 50% of MBA graduates climb up the corporate ladder and reach to higher levels like CTOs, COOs, CFOs, etc. Even a few become CEO as well. These job roles give much higher salaries and perks too. For example, the CEOs of good companies in India earn up to INR 50,000,000 to INR 100,000,000+ per year.
You can venture into entrepreneurship
You can also venture into entrepreneurship right after an MBA. Since you will learn the necessary skills during your MBA degree. So if you have any business idea in your mind you get started with it. Or if you are planning to grow your business even then an MBA degree will be fruitful for you. Many people after working at senior levels at reputed organizations also transition into entrepreneurship.
Did you know that the CEO of Flipkart: Kalyan Krishnamurthy, the CEO of Zomato: Deepinder Goyal and the CEO of Lenskart: Peyush Bansal have something in common? They are all MBA graduates. Similarly many more successful entrepreneurs and CEOs are MBA graduates.
Our founder and director of UrbanCoach(a stellar study abroad consultancy for the past thirty years) – Dilip Ashok Kumar is also an MBA graduate.
What are the Best Universities for MBA programs abroad?
Below are the top MBA colleges/universities for every best study study abroad destination
USA:
- Harvard Business School: QS Ranking: 2
- Popular Specializations: General Management, Entrepreneurship, Finance, Healthcare Management
- Stanford Graduate School of Business: QS Ranking: 1
- Popular Specializations: Entrepreneurship, Global Management, Finance, Marketing
- The Wharton School(University of Pennsylvania): QS Ranking: 2
- Popular Specializations: Finance, Strategic Management, Marketing, Healthcare Management
- Sloan School of Management(MIT): QS Ranking: 3
- Popular Specializations: Entrepreneurship, Finance, Operations Management, Analytics
- Columbia Business School: QS Ranking: 4
- Popular Specializations: Finance, Marketing, Entrepreneurship, Media and Technology
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UK:
- London Business School: QS Ranking: 5
- Popular Specializations: Finance, Strategy, Entrepreneurship, Leadership
- Saïd Business School (University of Oxford): QS Ranking: 6
- Popular Specializations: Social Impact, Finance, Strategy, Entrepreneurship
- Judge Business School (University of Cambridge): QS Ranking: 7
- Popular Specializations: Finance, Strategy, Marketing, Entrepreneurship
- Imperial College Business School: QS Ranking: 8
- Popular Specializations: Finance, Innovation and Entrepreneurship, Healthcare Management, Data Analytics
- Warwick Business School: QS Ranking: 12
- Popular Specializations: Finance, Strategy, Marketing, Innovation and Entrepreneurship
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Australia:
- Melbourne Business School: QS Ranking: 19
- Popular Specializations: Finance, Marketing, Entrepreneurship, International Business
- Australian Graduate School of Management (AGSM) (University of New South Wales): QS Ranking: 22
- Popular Specializations: Strategy, Finance, Innovation and Entrepreneurship, Leadership
- Monash Business School: QS Ranking: 30
- Popular Specializations: Finance, Marketing, Business Analytics, Supply Chain Management
- UQ Business School (University of Queensland): QS Ranking: 33
- Popular Specializations: Finance, Social Impact, Entrepreneurship, Marketing
- Sydney Business School: QS Ranking: 40
- Popular Specializations: Finance, Marketing, International Business, Strategy
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Germany
- Mannheim Business School: QS Ranking: 34
- Popular Specializations: Finance, Marketing, Innovation and Entrepreneurship, International Management
- WHU – Otto Beisheim School of Management: QS Ranking: 42
- Popular Specializations: Finance, Entrepreneurship, Strategy, Supply Chain Management
- ESMT Berlin (European School of Management and Technology): QS Ranking: 46
- Popular Specializations: Innovation and Entrepreneurship, Global Management, Digital Transformation, Sustainability
- Frankfurt School of Finance & Management: QS Ranking: 50
- Popular Specializations: Finance, Corporate Strategy, International Business, Technology Management
- TUM School of Management (Technical University of Munich): QS Ranking: 55
- Popular Specializations: Technology and Innovation Management, Entrepreneurship, Finance, Digital Transformation
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France
- INSEAD: QS Ranking: 1
- Popular Specializations: Finance, Entrepreneurship, Strategy, International Business
- HEC Paris: QS Ranking: 2
- Popular Specializations: Finance, Marketing, Strategy, Entrepreneurship
- ESSEC Business School: QS Ranking: 6
- Popular Specializations: Strategy and Management, Finance, Digital Business, Luxury Brand Management
- ESCP Business School: QS Ranking: 7
- Popular Specializations: Finance, Marketing, International Business, Digital Innovation
- EMLYON Business School: QS Ranking: 11
- Popular Specializations: Finance, Strategy and Consulting, Entrepreneurship, Innovation
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Conclusion
Now that you are aware of everything about pursuing an MBA in abroad, your next step is to find a better college/university, country and specialization which aligns with your career ambitions. So we highly recommend you to reach out to us at UrbanCoach, our seasoned counsellors will help you choose your best. All you need to do is just book a 30-minute FREE call and simply wait for your visa, that’s all!
FAQs
1. What are the best countries to study MBA abroad?
Ans: The best countries to study for an MBA abroad are: The USA, UK, Australia, Germany and France
2. How much does an MBA cost to study abroad?
Ans: The cost to study abroad for an MBA degree is around 50 lakhs to 1 crore INR.
3. What are the requirements to pursue an MBA degree abroad?
Ans: To pursue an MBA you must have good academic performance, a bachelor’s degree, a valid GRE or GMAT score, work experience, English proficiency test scores like TOEFL or IELTS, and a strong Statement of Purpose(SOP)
Want to write an impressive SOP? Visit our SOP Writer AI, it will generate a FREE SOP for you in a few seconds.
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