MBA stands for Master’s of Business Administration. There are many MBA streams that students can opt from. Usually, MBA aspirants have many queries in their minds. So, this blog contains the expert’s insights to answer those questions. You will get to know the best five nations to pursue an MBA. Moreover, eligibility criteria are also mentioned. It will let you know whether you’re eligible or not to pursue an MBA abroad after telling you MBA in which subject is best.
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Choosing the right MBA stream is crucial. Every decision in your educational life will impact your professional life further. Here is the MBA streams list.
So, to know ‘Which stream is best for MBA?’, one must know their interest and ambitions. However, it is very important that your degree must align with your academic and professional goals.
Know More: MBA Streams Abroad
MBA abroad for Indian students is offered by many countries. The best five nations are mentioned in this section below:
It is a place with a rich educational history. If you are looking for an MBA program opening doors to high-paying jobs, choose USA. Also, it is known for the flourishing business of tech giants like Apple and Google. Moreover, the USA welcomes millions of international students due to the facility to soothe the educational process.
To study in USA, you need to clear entrance exams like GMAT and TOEFL. These will determine your technical as well as language skills. However, work experience will be a cherry on top. Also, $60,000 (INR 50,12,520) - $120,000 (INR 1,00,25,050) is the yearly tuition fee that a study abroad aspirant has to pay. The 5 different MBA streams are:
Business Analytics
Information Technology
Economics
Finance
Marketing
Also Read: MBA in USA
Many study abroad aspirants from India opt for the United Kingdom as the destination to pursue a master’s degree in business administration. The degree duration is shorter than usual. Many top recruiters like HSBC, MMC, and Deloitte pick up MBA aspirants from the UK. However, the journey to study in UK is not easy but the vibrant business environment along with the high living standards attracts international students from every corner of the world.
The yearly tuition fee cost that a student pays is £30,000 (INR 31,76,460) - £50,000 (INR 52,94,110). On the other hand, the average cost of studying MBA in the UK is £40,000 (INR 42,35,280) - £70,000 (INR 74,11,750). Are you curious about the top 5 MBA branches? If yes, then have a look:
Also Read: MBA in UK
Canada is another top choice for MBA aspirants. It is known for its relatively affordable tuition fees, high-quality business schools, and promising post-grad employment opportunities. Also, the study visa regulations are not very rigid. The master’s degree usually lasts for 1-2 years. It will help you to create a strong professional network which will help you to get global opportunities.
Every country wants an asset and do not want their students to be a burden. To study in Canada, you need to clear entrance exams like GRE/GMAT and IELTS/TOEFL. These tests will determine your technical as well as language skills. Hence, proving you to be an asset instead of a liability. Wondering about the average tuition fee? It is around $40,000 (INR 33,41,680) - $80,000 (INR 66,83,370). On the other hand, the cost of studying stands at $50,000 (INR 41,77,100) - $100,000 (INR 83,54,210). Let us know which MBA stream is best:
When a student thinks of studying abroad, Australia strikes their mind instantly. It is a great country to settle in. Moreover, it is among the top study destinations for MBA aspirants because of the highly ranked business schools. The lifestyle followed is lavish which makes it the top choice of Indian students. The multi-cultural society helps the students to settle easily without feeling alienated.
Similar to other countries, the candidate must qualify for technical tests like GMAT and a language exam like IELTS in order to study in Australia. There are more than 50 MBA colleges in this continent making it a top choice. The average tuition fee stands at $35,000 (INR 29,23,970) - $60,000 (INR 50,12,520). The top five MBA streams in Australia are:
Germany is home to research-intensive institutes with low to no tuition fees. It is laced with edge-cutting and advanced technology that enables the students to evolve with the technical advancements. It is convenient for Indian students as the public university is free for everyone. Also, English is used as the medium of instruction. The tuition fees stand at €20,000 (INR 17,88,940) - €40,000 (INR 35,77,880) which is lowest when compared to other nations. On the other hand, the cost of studying is around €30,000 (INR 26,83,410) - €50,000 (INR 44,72,350). The return on investment is also high here.
Although, you can use our course finder tool to find suitable program but here are the top 5 streams in MBA are:
These were the top five nations where the study abroad aspirants go to pursue MBA. If you also want to go abroad to pursue an MBA degree, then study abroad consultants in India will help you. Seek expert advice and fly to your dream destination.
Are you still confused about the MBA stream you should opt for?
Every program has own set of eligibility criteria. A study abroad aspirant must fulfil these in order to take admission. In this section, you will know the MBA in abroad eligibility.
So, a candidate possessing these things will be eligible to pursue MBA in a foreign land.
The MBA in abroad duration differs by country and the specialization. But usually, it takes 1-2 years to complete a master’s degree in business administration. However, if you pursue an MBA from the United Kingdom, then it gets completed in 1 year. The popular MBA specialization to study abroad includes Finance, Marketing, HR, Entrepreneurship, Data Analytics, Digital Marketing.
There are six kinds of programs based on the time duration they need to complete. The following depicts the program types and MBA in abroad duration:
There were the types of MBA based on time duration. You should consider every factor from time duration to budget to know which MBA stream is best for you.
A study abroad aspirant has to prove many of their skills. They have to pass many tests. These are mentioned below:
This MBA abroad exam acts as a tool to measure your calibre to pursue an MBA degree in your dream B-school. GMAT and GRE are two internationally-recognized management aptitude tests. They are accepted by 23000+ institutes to determine the required skills. They are not just needed by B-schools but other STEM fields. You should check the university requirements before appearing for any kind of exam.
The students who belong to countries where English is not the primary language. They must determine their English skills in order to meet eligibility criteria. It can be IELTS, PTE, DET or TOEFL. All these are widely accepted by academic institutes and employers. The format also differs by the purpose.
The other language proficiency exam includes TestDaF (TDN 3, 4 or 5) (Test Deutsch als Fremdsprache), DSH II or III (Deutsche Sprachprüfung für den Hochschulzugang), Goethe-Zertifikat C2,
Telc Deutsch C1 Hochschule (The European Language Certificate) &
DSD II (Deutsches Sprachdiplom Stufe II) for German language.
On the other hand, TOEIC ( Test of English for International Communication ), DELF (Diplôme d'études en langue française), TCF (Test de Connaissance du Français) & TEF (Test d’Évaluation de Français ) are for French language.
These French and German languages are mandatory for some universities. You must check the official website of the university to know the admission criteria.
To sum up, an MBA is a degree of great significance. In this blog, you came across types of MBA, and options that Indian students can opt for. The duration of an MBA program abroad varies, and there are different types of MBA programs based on time duration. Also, without meeting the eligibility criteria and clearing entrance exams, one can not pursue an MBA abroad.
Yes, a student with zero exposure to business and zero work experience can also earn a master’s degree in business administration.
No, the work experience is not mandatory. Every college does not ask for prior experience. However, having a work experience will act as a cherry on the top.
No, there is no age limit to apply for an MBA degree. But few of the entrance test has minimum age. However, they don’t mention maximum age allowing people of any age to pursue MBA.
There are many ways to crack MBA entrance exams. One way is self-preparation and the other way is to take expert help. There are many platform like Gradding.com that provide coaching classes so that you can ace the test in the first attempt.
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