MBA is a field that is more of a promise to the graduates, a promise of better career prospects and better salary figures. Evidently different countries have good faculty lit colleges or universities while others have better placement records, but what are “the” countries that offer stupendous placements, unparalleled learning, fine infrastructure and great exposure all under one single roof are the ones to be pursued. Here’s a list of 5 countries that produce the best MBAs in the world.
The United States of America, the place where power roars, and dollar rules, is the main stage for best MBA education. It is no brainer that US business schools dominate the global league tables for the subject. According to the global business rankings as suggested by Financial Times of the year 2018, 12 business schools of USA are amongst the top 20. Stanford, Harvard, and Columbia are the most elite universities in terms of education.
Talk about the global influencers of the world, Sony’s CEO, founders of eBay and Nike are pass outs from these three paramount educational institutes. Coming towards the cost of living, tuition fees, and other expenses, an estimate of $112,000 for 10 months can be taken, if students want to pursue MBA from these fine institutions. Other than these premier institutes, students can also look at other options like Michigan State University which exhaust less pockets and offer more economically healthy options. For any international student, the average cost of any MBA college in the USA would be somewhere around $90,000.
Also known as the place where business was born, France is the second country in the world after the US which is the leading provider of prodigious business professionals. According to popular ranking websites, INSEAD Business School is one of the highest grosser of valuable MBA graduates who are valued and seized by leading Multinational Corporations of the world. As per a recent survey conducted by FT, Insead is on the brink of leaving behind UK’s top academic institution i.e. Cambridge.
Few of the other elite business schools after Insead, are HEC Paris, Grenoble Ecole de Management and EDHEC Business School. The average cost of a 10 month MBA program conducted by these top institutions, inclusive of everything for any international MBA aspirant is around $ 67, 131 only. Speaking of the average take away salary of any MBA professional passing out from these universities is around $ 105,700 annually. The range of educational expenses may vary depending upon the ranking of the university or college.
Since past decade, India has proved itself to be the producer of worthy and notable professionals, who, at present are handling the top positions of many Multinational Corporations. Companies like Microsoft, Google, MasterCard, Nokia, PepsiCo, Adobe, and others have Indian CEOs which has inspired trust in the country’s educational pyramid.
IITs and IIMs are two profound educational foundations of the country which has in the past created majority of the global influencers the world has today. Speaking about the cost of education, accommodation and other expenses involved, the cost per student can be anything around $ 42, 522 per year. The only challenging point that can arise is the already existing highly competitive entry as India has a rate of the intellectual population who invest at least two years on an average to get themselves into the holy colleges like IIM Bangalore and IIM Ahmedabad. If you wish to get an entry in the affordable yet highly competitive Business Schools of India, then the GMAT score has to be par excellent.
Also known as Asia’s tiger economies, Singapore stands tall in the world for hosting one of the best Business Schools in the world. National University of Singapore (NUS) Business School and Nanyang Business School are fast becoming one of the most attractive MBA destinations for students lately. According to the rankings declared by the FT 2017, both the prestigious business schools have claimed the 26th and 24th spot as the best MBA colleges in the world.
For any international student the average cost of the whole course including the expenses, tuition fees and accommodation will come to be around $ 43, 263. The cost can vary depending upon the rating of the institution and the place of the college in Singapore (for accommodation). One of the brightest factors that contribute to the praise of Singapore as the best place of MBA study is the unemployment rate of Southeast Asia, which is only 2.2%. Students will be placed in the said locations only as job prospects are high and the salary figures are convincing.
China is not a new entrant on the list, since decades, China has surprised the world with its unique culture and rapid technological and economical growth. The country is rich in culture and has an amazing employment rate. According to the recent rankings declared by FT 2017, 5 of the top 20 MBA colleges of the world belong to China. Hong Kong and Shanghai are the two cities which are hosts to the top two business schools of China.
Some of the names are Europe International Business School located in Shanghai and Hong Kong University of Science and Technology. Both the educational institutions are placed in top 10 of the list as declared by FT. The average cost of the 18-month academic course, including tuition fees, accommodation, and other expenses rounds about to $ 73,933 which is fairly higher than the other countries present in the list. The average cost of living in China is high which contributes to a higher expenditure on the course.
Since the educational parameters measured of any country is based on employment rates, standard of living, educational growth, past records and student strength, these above mentioned 5 countries are the only justified hosts to the best MBA colleges of the world. The past 20 years have witnessed global influencers rise from the grounds of these countries. Keep reading, keep learning and keep growing!
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