MBA is very popular worldwide and can be done after graduation from any subject. After taking MBA degree, career opportunities increase greatly. If you do MBA from abroad, then these opportunities become even more. But often due to high fees, many students leave the dream of studying abroad.
MBA fees in top colleges in countries like London and America can range from 60-70 lakh to one crore rupees, which is too much for most students. But there are some countries in the world where you can get MBA education of good quality at low prices.
Italy: Center of art and education
Italy is not only famous for its beautiful buildings, fashion, food and culture, but the education here is also world class. There are many great universities in Italy which are known for higher education. There is an international level education environment here.
Most MBA courses in Italy are taught in English, which makes it easier for international students to understand the course. The cost of living here is also much less than countries like America or Canada. The average expenditure of MBA in Italy is around Rs 25 lakh, which is much less than other Western countries.
Netherlands: Emerging Startup Hub
The Netherlands is considered to be the most internationally connected country in the world. The multicultural environment, cheap education and strong economy here makes it a great place for studies. The Netherlands has now emerged as a major startup hub, where students help start new businesses.
Graduation degree, GMAT or GRE score, and English language Proficiency Examination is necessary for admission to MBA in the Netherlands. The average cost of MBA here is around Rs 27 lakh, which is quite appropriate for international level education.
Singapore: Asia’s Financial Center
Singapore is a major financial center of Southeast Asia. Its strong economy makes it very attractive to foreign students. Students come here not only for studies, but also for industry-focused courses and international networks.
The average cost of MBA in Singapore is about 30 lakh rupees. After studying from here, there are good opportunities to get jobs in big markets of Asia. Many international companies hold their Asia headquarters in Singapore, which gives students good placements.
Germany: Center of Innovation
Germany is famous for new ideas and innovation. It is becoming increasingly popular among international students for MBA. Germany provides affordable education of world class universities, research-based programs and good quality.
Students doing MBA in Germany get good practical experience. The companies here give students the opportunities to learn through internships and project work. The average expenditure of MBA in Germany is around Rs 35 lakh, which is much less than the US or Britain.
Spain: lively culture and education
Spain is known for its pleasant weather and vibrant culture. Barcelona and Madrid have some best business schools in Europe, which make Spain a perfect place for MBA studies.
The MBA course in Spain requires professional recommendation letters, resumes and GMAT scores. The average expenditure of MBA here is around Rs 35 lakh. There is a good opportunity to know about European culture and business while studying in Spain.
Doing MBA in these countries will not only save your money, but you will also get international experience. Foreign degrees will increase your career chances and you can get good salary jobs. If you want to do MBA but there is a concern of budget, then consider these countries. The education here is not only economical, but also the quality of world class.
What do you get salary package from foreign MBA?
Indian students usually get good salary packages with foreign MBA degree. After doing MBA from these five countries, the initial salary can be about 20-40 lakh rupees annually. Those who do MBA from Singapore and Netherlands get good opportunities in financial services and technical fields, where the initial package can go up to 30-35 lakhs. Apart from this, there is a good demand for MBA in engineering and manufacturing sectors in countries like Germany, where salary can reach 45-50 lakhs after 2-3 years of experience. Work-life balance is also better in European countries, which is beneficial for long career.
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