Among the first few questions that pop into the mind of aspiring Indian students planning to study abroad are:
– ‘Which is the best country for MBA studies?’
– ‘Which are the top places for getting overseas MBA jobs after graduation?’
After completing an MBA in a foreign country (and flirting dangerously with the poverty line), most Indian students would like to work overseas at least for a few year to repay the education loan before coming back to India (Top countries for highest MBA salaries). Which is why the two earlier questions generally go hand in hand (Read Is studying abroad worth it? Pros and Cons).
We look at the top MBA countries for Indian students aspiring to not only study in a good foreign MBA program, but also increase their chances of getting an MBA internship and post-MBA jobs in the same country (How to settle abroad after MBA from India).
Top MBA abroad places for Indian students
There’s no scientific methodology here. It’s primarily based on the requests that we get from MBA applicants working with us and the reasons they cite.
This is where it all started for the MBA. It’s not surprise then that all these years later, an MBA in USA tops the charts for international (not just Indian) students. If you consider the infrastructure, resources and opportunities, America is the numero uno choice for a huge majority.
For students from India, there are a few reasons why USA is the best country for studying an MBA. There’s a large NRI population that’s been living in American for a long time (several generations in some cases). That means you have easy access to Indian stores, culture and people. Home sickness is easier to deal with.
American Bschools have deeper pockets. Many of the MBA abroad scholarship stories (ranging from partial to full 100% tuition fee waivers) our clients have shared on this blog are from MBA programs in the U.S.
Though it’s been on the receiving end in recent times due to its new visa regime and the growing uncertainty about getting MBA jobs in the UK, England is still a good choice for folks looking for shorter duration (one year MBA) programs. Many good MBA programs are in or around London, the big hub of global business activity. Almost all the top international companies have a presence here.
The biggest MBA brand in the UK comes from London Business School. Then if you’d like to get the university brand to work for you as well, the ‘Oxbridge’ brands – Cambridge (Judge business School) and Oxford (Said Business School) are strong contenders to consider. Other good MBA colleges in the UK are Manchester Business School, Cranfield, Cass Business School.
Compared to the U.S., though there aren’t as many top MBA schools in Canada to choose from, but for many Indians (specially those with a chacha-ji / mama-ji or close relative already based in the Ka-nay-daa) the post graduation prospects look much better than in most other countries.
The big carrot that Canada offers MBA students is work permits, ranging from 1-3 years. Of course, that doesn’t guarantee a job. But it does offer the big psychological comfort of not getting kicked out of the country after spending a whole lot of time, effort and money that’s associated when you are studying abroad for an MBA or MS or Phd. The immigration process in Canada is also relatively simple.
Being close to India and still offering an international experience in the class, make it a popular choice for cost conscious MBA students from India. In constrast to western countries, the time taken to fly down from Singapore to India and the costs of an airline ticket are manageable.
The top MBA programs in Singapore are National University of Singapore (NUS) and Nanyang (NTU). Plus theres a big new draw in recent years – INSEAD Singapore campus. That’s a great way to get a top notch global MBA from Asia and reduce the overall costs. The cost of living in Singapore is lesser than staying in Europe.
For management education, Australia is in a strange spot. When it comes to the second question (about living and working abroad after graduating), Australia offers an excellent standard of living. Just like Canada, it’s got an immigration process that’s friendlier than other countries.
There’s no dearth of universities down under, offering all degrees (including MBA courses) and they are all spending a lot of money trying to woo Indian students. And that’s where the challenge lies as well.
Despite the huge number of universities and private institutions, the best MBA programs in Australia that have cracked into the international MBA rankings are very few. Apart from Melbourne Business School and AGSM, you are unlikely to see too many other Australian MBA colleges in the list.
Do you see a trend there about the countries that are the most popular among MBA applicants from India?
They are all English speaking countries. Including Singapore where you can not feel alienated if you don’t speak Mandarin. For Indian students looking for overseas jobs, that’s a big advantage.
Where does that leave European countries like France, Spain, Switzerland where English is not the primary language of business?
In terms of numbers, we work with more Indian candidates aiming for programs like INSEAD than for all the bschools in countries like Singapore and Australia. The reason for choosing INSEAD is not because Indians are enamoured by the French culture and cuisine. It’s mainly because the MBA brand is powerful enough to make the country aspects less relevant.
Apart from looking at the best place for MBA studies abroad, also consider other points about the brand power, fit with your career aspirations, program structure & length, tuition fee, jobs & placements and anything else (weather, culture, language, proximity to India) that is important for you.
Got questions for us? Post them below. We’ll help you with some more inputs based on your profile and post graduation plans.