You have just graduated but wish to add to your existing qualification. What are your choices – MBA abroad for Indian students? However, you need to figure out how to go ahead. This article will guide you about exams you must take for an MBA abroad.
There are many common exams that one needs to take for admission to MBA programs abroad. The purpose of such exams is to test the aptitude and potential of candidates. Moreover, these are also an integral part of the admissions process to shortlist the most eligible candidates.
Some of the popular exams for MBA abroad for Indian students are:
Management Aptitude Test
Business schools offering MBA abroad need to test the caliber and intelligence of applicants. The marks you secure on the Aptitude Test reflect your ability in top B schools. The following are the most important exams for applicants for MBA abroad.
English Proficiency Test
In all major countries that offer MBA abroad for Indian students, English or some other native language is the conversation medium. Hence, candidates need to possess a good knowledge of that language. You can choose one of the following tests as per your preference, provided the university you are applying to accepts the test results.
- German Language Proficiency Test
- French Language Proficiency test
Cost of MBA Abroad for Indian Students
The fees for pursuing MBA abroad can vary widely depending on the country and the business school you choose. The following list will give you enough idea about the cost of studying MBA abroad for Indian students in some popular countries:
Country Public Business School Private Business School
USA $40,000 per year $100,000 per year
UK £18,000 ($24,000) per year £40,000 ($52,000) per year
Canada C$20,000 ($15,000) per year C$60,000 ($45,000) per year
Australia AUD 40,000 ($30,000) per year AUD 80,000 ($60,000) per year
Europe €10,000 ($12,000) per year €50,000 ($60,000) per year
However, you need to understand that these are just estimates, and the cost of studying for an MBA abroad will depend on various factors, including the country, business school, and program you choose.
The best MBA in Australia for Indian Students
Australia is known for its multicultural environment that helps students to adapt easily and build networks for future career prospects. It is one of the most sought-after destinations for an MBA in Australia for Indian students.
Its MBA universities are internationally recognized for producing market-ready and well-trained professionals who exhibit multi-dimensional skills. The quality of its business schools can be judged by the fact that it has five schools in the top 100 in the QS Global MBA Rankings of 2022.
Let’s learn about the most popular universities in Australia for pursuing MBA abroad.
University of Melbourne, Melbourne
The famous University of Melbourne is the second oldest university in Australia. It offers ten disciplines of UG & PG level courses in over 100 different subjects. As many as 600 undergraduate, graduate, and Ph.D. programs are offered to international students at the University of Melbourne.
Interestingly, an average graduate from this university typically receives job offers within three months of graduation, and the university boasts a 95% employment rate for MBA graduates. Their MBA graduates get placement in companies like Ford, eBay, Accenture, PWC, Uber, Nike, Intel, Oracle, and many others.
- Course Duration is 2 Years
- The Annual Fees is around Rs. 58 lakhs
- The employment rate is very impressive at 95%
The University of Queensland, Brisbane
The University of Queensland (UQ) is one of Australia’s premier education and research institutes. It belongs to the prestigious Group of Eight Universities in Australia(Go8) and Universitas 21. Currently, there are more than 50,000 students from 134 countries enrolled in this university. UQ graduates easily get placement in law, executive management, finance, marketing, science, and engineering at the comparatively very high package. The average basic package of UQ graduates is Aus D 88,000. UQ LinkedIn alum reports that most graduates find employment in business development, followed by education.
- Course Duration 2 Years
- Total Annual Fees are Rs. 52 lakhs
- The Employment Rate is 71.4%
Monash University, Melbourne
Monash University is another top research university that offers admission to six different Australian campuses, including one in Malaysia. The university receives an astronomical grant of US $1.1 billion yearly in research, including funding from various state research councils. Its strongest point is its reputation as an employer having a rating of 87.7 and a world rank of 41. Business graduates of Monash get excellent employment opportunities with leading brands such as Deloitte, PWC, Telstra, IBM, and many more.
- Course Duration is 2 Years
- Total Annual Fees are Rs. 33 lakhs
- The Employment Rate is a high 87.7%