MBA is one of the few courses which has maintained its popularity and charm among students for decades. Even during the coronavirus pandemic, when college campuses had to be shut down, locking millions of students and educators across the nation, out of the classroom, premier management institutions such as IIMs reported an increase in average placement package. The fact that the tectonic shift from traditional offline education to e-learning via online teaching apps and the economic downturn due to pandemics did little to affect the performance of top management institutes speaks volumes about the rising need for quality management in the industry.
The quality of education and the job opportunities as they are today make pursuing an MBA abroad a worthwhile investment. Pursuing an MBA from renowned universities across the world will open a wide range of earning options for you. Each year lakhs of students across the world take the renowned GMAT exam to enroll in the MBA programs of over a thousand universities across the world. However, students often face the dilemma about which country is the best for pursuing an MBA? Selecting an MBA college is not just about the placement opportunities or quality of education, one must also factor in the value of the degree in the international market especially in one’s native country, cost of living, education, safety, weather conditions, distance from one’s native country and even the socio-political conditions in the country where you decide to study. Many universities across the world also provide distance learning MBA courses. Online MBA courses are cheaper and with the popularity of online education thanks to some of the best app to teach online , they have also received greater acceptance from employers in recent years. Based upon a host of factors, we have compiled a list of top countries to pursue an MBA program. So, without further ado, let us take a look….
United States of America-
The world’s strongest country is also the indisputable leader when it comes to management education. According to the QS Global MBA Ratings 2021, six out of the top ten and four out of the top five MBA colleges in the world are located in USA. The top business schools in the country are The Wharton School situated in Philadelphia, Stanford Graduate School of Business in Stanford, MIT Sloan School of Management situated in Cambridge, Harvard Business School situated in Boston and many more. Along with great placement prospects, the students are also exposed to top- notch facilities, technology, infrastructure and get the opportunity to take up some great internships. These internships provide early exposure to the young minds to the business environment and work culture of some of the top companies in the world including tech giants such as Google, Facebook, Microsoft, Amazon and likewise which grooms them into future leaders and technocrats. In order to get a chance at enrolling yourself in an MBA program in the US, you must take the GMAT exam and along with it one of the English proficiency tests among TOEFL or IELTS. The cost of pursuing MBA from USA can lie between INR 50 lakhs to 1 crore or more. Even though the cost is high, however the placement opportunities available after the program make it a worthwhile investment.
UK as we all know, has been historically known for its great universities such as THE OXFORD, Cambridge university and many more. The best business school in UK to pursue an MBA is the London Business School. The cost of pursuing MBA in London can range between INR 35-70 Lakhs. Placement opportunities are great after pursuing an MBA from UK. Moreover, MBA graduates can stay back in the United Kingdom for up to a period of 24 months after the completion of the MBA program.
Canada apart from being a top destination for immigration among Indians, is also famous for its great MBA colleges. Pursuing an MBA from Canada can cost anywhere between INR 25 lakhs to 55 lakhs and the placement opportunities are excellent. Moreover, students after the completion of MBA program in Canada can stay in the country up to a period of 3 years.
These are some of the top countries which offer the best MBA programs in the world. With that said, this is in no way an exhaustive list and one should always do his homework before making such an important decision about pursuing an MBA abroad.