5 International MBA Degrees With A ROI Better Than USA
Despite the global slowdown, an MBA degree is considered a well paying post-graduate degree worldwide. And with the continuously escalating tuition fees in India and relatively low average salaries, students tend to look for courses that provide good returns along with international exposure.
The USA boasts some of the best B-schools in the world – although high tuition fees, higher cost of living, and a strict visa policy make it difficult for students to get in and get out debt-free.
Moreover, for those planning to return to India after their MBA – a US degree education loan might turn out to be a bit too much to pay off after returning.
Here is a list of countries that are great alternatives to an MBA in the USA:
1. United Kingdom
The UK, home to some of the oldest universities in the world, is now becoming one of the most popular study-abroad destinations.
PROS: Lower tuition fees compared to the US, shorter MBA degrees, faster visa process, and proximity to India
Top colleges: London Business School, University of Oxford, University of Cambridge, Warwick Business School
Average Placement (Top colleges): Rs. 50-60 Lacs p.a.
Course Fees with stay: Rs. 12-25 Lacs
One-way airfare: Rs. 40,000
Exams: IELTS, GMAT
Canada provides world-class education at an affordable price and with close proximity to the US, it makes a hot market for jobs after MBA.
PROS: Faster Visa System, Fewer taxes than the US, Internationally acclaimed degree
Top colleges: York University Schulich’s Business School, University of Toronto: Rotman School, University of British Columbia’s Sauder Business School
Course Fees with stay: Rs 10-20 Lacs
Average Placement (Top colleges): Rs 45-50 Lacs p.a.
One-way airfare: Rs 45,000
Exams: GMAT, TOEFL
Being the third most popular destination for international students from Europe and America, Spain is now fast emerging as a popular destination among Indian Students as well – with an extra effort to learn Spanish.
PROS: Cheapest education in EU, the most attractive and well-organized education system in Europe
Top colleges: IESE University, Esade University, IE university
Course Fees with stay: Rs 12-20 Lacs
Average Placement (Top colleges): Rs. 40 Lacs
One-way airfare: Rs 35,000
Exams: GMAT, GRE, IELTS
Australia, one of the fastest growing economies is a safe place to invest your money in an MBA. The country boasts one of the most liveable cities in the world.
PROS: Faster Immigration, Highest average salary as per QS Top MBA reports, similar climate conditions
Top colleges: Macquarie graduate school of management, Melbourne business school, Australian Graduate school of Management
Course Fees with stay: Rs. 15-25 Lacs
Average Placement (Top colleges): Rs. 45-55 Lacs
One-way airfare: Rs 40,000
Exams: GMAT, TOEFL/IELTS
Singapore is one of the most economically viable option for students seeking international exposure while staying close to India. Courses offered at the top B-Schools here are at par with the courses in the US, UK, and Australia. Singapore is fast becoming the best education destination in Asia.
PROS: Proximity to India, Part time jobs with course, Student safety, Earn a PR status after job.
Top colleges: Insead Singapore, Nus Business school, Nanyang Business school
Course Fees with stay: Rs. 12-18 Lacs
Average Placement (Top colleges): Rs. 25-35 Lacs
One-way airfare: Rs. 15000
Exams: GMAT, IELTS
Note: Average salary is based on the report published by QS Topmba.com Jobs & Salary Trends and it covers salaries of Top B-schools only.
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