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Looking for the Best universities for MBA to study abroad? Don’t worry we’ve curated just the right list of options for you.

MBA is one of the most pursued degrees by Indian students abroad. A Master’s in Business Administration degree helps you get knowledge about how management as a field functions and it also enables you to land a job in the most prolific field of work in the world.

MBA abroad overall information –

The total no. of MBA programs in Abroad universities is about 930 (approximately)

The average cost of studying MBA Abroad- 

  1. Tuition fees – INR 22.86 Lakhs/per annum
  2. Accommodation/other expenses – INR 6.13 Lakhs per annum.

Most opted specializations for MBA Abroad –

1. General Management

2. Finance

3. Human Resources

4. Accounting 

Overall Eligibility criteria/Admission process for MBA Abroad –

1. IELTS scores

2. SOP (Statement of Purpose)

3.LORs (Letter of Recommendation)

4. Resume

Depending on that, finding the best universities to pursue an MBA degree can be a stressful task but you need not worry because below we’ve listed the best universities to pursue a Master’s of Business Administration (MBA)  degree abroad.

As per QS World University Ranking 2022, the best universities to study MBA abroad are as follows–

1. STANFORD GRADUATE SCHOOL OF  BUSINESS

According to the QS World University Ranking, Stanford University secures the first rank in the listing of the best universities to study MBA abroad in the year 2022. 

Year of establishment – 1885 

Location – Stanford, California, USA

Course name – MBA/PGDM

Streams – Accounting & Commerce, Business & Management Studies

Specializations – Entrepreneurship, Finance

First Year Fees– INR 58.03 Lakhs – 59.77 Lakhs

Eligibility criteria for MBA at Stanford University- 

  • A three-year Bachelor’s degree and a 2-year master’s degree for Indian students 
  • Exams scores-  
    • GRE – Not specified
    • GMAT – Not Specified 
    • IELTS – 7/9
    • TOEFL – 100/120
    • PTE – 68/90
  • Applicants with a UG degree from Universities or institutions that provided instruction entirely in English shall be excused from appearing in ELP tests.

2. HARVARD BUSINESS SCHOOL

According to the QS World University Ranking, Harvard University ranks second in the ranking of the best universities to study MBA abroad in the year 2022. 

Overall QS Ranking Score – 92.2

Year of establishment – 1636 

Location – Cambridge, Massachusetts, USA

Course name – MBA/PGDM

Streams – Business & Management Studies

Specializations – Entrepreneurship 

First Year Fees– INR 65.935 Lakhs

Eligibility criteria for MBA  at Harvard University – 

Exams scores –

  • GMAT – No Specified Score
  •  GRE – No Specified Score
  • IELTS – For MBA, there is no specified IELTS score required. However, candidates scoring less than 7.5 are discouraged from applying to the course.
  • TOEFL – There is no specific score for being accepted but candidates scoring less than 109 are discouraged from applying.
  • PTE – There is no specific score for being accepted but candidates scoring less than 75 are discouraged from applying.
  • Applicants with a UG degree from Universities or institutions that provided instruction entirely in English shall be excused from appearing in ELP tests. (It is recommended that they submit at least one of these tests, but it is not compulsory)

Also read: Jobs after MIM: Salary expectations, Career, and More

3. Penn (Wharton)

According to the QS World University Ranking, the University of Pennsylvania ranks second in the ranking of the best universities to study MBA abroad in the year 2022.

Overall QS Ranking Score – 92.2

Year of establishment – 1740 

Location – Stanford, California, USA

Course name – MBA/PGDM

Streams– Business & Management Studies 

Specializations – Finance, Entrepreneurship & Innovation 

First Year Fees– INR 65.935 Lakhs

Eligibility criteria for MBA  at the University of Pennsylvania –

  • A three years Bachelor’s degree in a relevant field. 
  • Exams- 
    GMAT – Not specified
    GRE – Not specified
    TOEFL – 115 for 2022 graduates
    PTE – Not specified
  • TOEFL/PTE scores aren’t necessary if the candidate who is applying has completed his/her bachelor’s degree from a university or institution wherein English is the only language of instruction.
  • Interviews for the candidates are conducted on an invitation basis only.
  • Work experience isn’t compulsory but is preferred by the selection board.
  • The average work experience preferred is five to six years but the program does recruit Students who show extraordinary managerial and professional potential. 

4. HEC Paris

According to the QS World University Ranking, HEC Paris secures Fourth ranking amongst the best universities to study MBA abroad in the year 2022. 

Overall QS Ranking Score – 91.8

Year of establishment – 1881 

Location – Jouy en Josas, France

Course name – MBA/PGDM

Streams– Not specified

Specializations – Not specified 

First Year Fees– INR 49.43 Lakhs

Eligibility criteria for studying MBA at HEC Paris-

  • A three-year bachelor’s degree from a recognized university
  • Exams score requirements–
    IELTS– – Marks 7/9 (the minimum requirement in each subsection is 6.5)
    TOEFL– 100/120
    GRE –  Candidates are encouraged to submit a GRE score that is at or above 65% for the quantitative and verbal sections of the GRE
    GMAT – The candidates scoring GMAT balanced scores above 60% in quantitative and verbal sections are preferred/encouraged to apply for the course
    PTE – 72/90
  • At HEC Paris in order to be applicable for the MBA course two years of work experience is a requirement.
  • A candidate who has between 2 to 10 years of professional experience is preferred for the course and is considered ideal.
  • At HEC Paris the requirement of a Bachelor’s degree can be excused if-
    • The secondary Education completion certificate is provided.
    • At Least five years of professional experience certificate is provided with three years in a managerial position. 
    • The applicant is an athlete who represented his/her country at a national level. 

5. MIT (SLOAN)

According to the QS World University Ranking, the Massachusetts Institute of Technology secures a fifth position in the ranking for the best universities to study MBA abroad in the year 2022. 

Overall QS Ranking Score – 91.4

Year of establishment – 1885 

Location – Cambridge (MA), United States of America 

Course name – MBA/PGDM

Streams – Business and Management Studies 

Specializations – MBA (STEM), Executive MBA, MBA Entrepreneurship & Innovation Track

First Year Fees– INR 61,33,147 

Eligibility criteria for studying MBA (STEM) at Massachusetts Institute of Technology –

  • The applicant must have a four years Bachelor’s degree to be eligible for the program. A three-year Bachelor’s degree is not accepted at MIT.
  • Exam scores-
    TOEFL – Not specified
    GMAT – Not specified
    GRE – Not Specified 
  • At MIT work experience is not compulsory for admission to the MBA course. But, having work experience of five years or more can be advantageous to get into MIT.

6. LONDON BUSINESS SCHOOL

According to the QS World University Ranking, London University secures the sixth position in the ranking of the best universities to study MBA abroad in the year 2022. 

Overall QS Ranking Score – 90.9

Year of establishment – 1964

Location – London, United Kingdom 

Course name – MBA/PGDM

Streams – Business and Management Studies 

Specializations – Not specified 

First Year Fees- INR 63,40,100

Eligibility criteria for studying MBA at London Business School –

  • The applicant must have a four years Bachelor’s degree to be eligible for the program. A three-year Bachelor’s degree is not accepted at London Business School.
  • Exam scores-
    GMAT – 600/800
    PTE– Not specified
    IELTS– Not specified
    GRE – Not specified
  • The applicant applying to study MBA at London Business School must have work experience of at least 2 years.
  • It is recommended that applicants who do not have any work experience should apply for the Masters in Management program instead of the MBA program at London Business School.
  • Students who apply to the MBA program must possess the quality of being able to work with multicultural teams as well as have an international outlook. 
  • English Language proficiency test scores aren’t a requirement if-
    • The applicant studied their Undergraduate or Post-graduate degree at a university or institution wherein the instruction was done entirely in English 
    • If the applicant has worked or lived in an English-speaking country. 

7. IE BUSINESS SCHOOL

According to the QS World University Ranking, IE Business School secures seventh ranking in the list of the best universities to study MBA abroad in the year 2022. 

Overall QS Ranking Score – 90.8

Year of establishment – 1973

Location – Madrid, Spain

Course name – MBA/PGDM

Streams – Business & Management Studies 

Specializations – International MBA, Executive MBA-

First Year Fees– INR 60,19,314

Eligibility criteria for studying International MBA at IE Business School –

  • Applicants applying to study international MBA must have a Bachelor’s degree.
  • Exam scores –
    TOEFL – 100/120
    GMAT – Not Specified
    PTE – Marks 73/90
    IELTS – Marks 7/9
    GRE – Not specified
  • Applicants must have work experience of a minimum of 36 months in order to be eligible for the program. 

8. INSEAD

According to the QS World University Ranking, INSEAD secures seventh ranking in the list of the best universities to study MBA abroad in the year 2022. 

Overall QS Ranking Score – 90.8

Year of establishment – 1957

Location – Paris, Singapore, France

Course name – MBA/PGDM

Streams – Business and Management Studies 

Specializations – Not specified 

First Year Fees– INR 77,17,978

Eligibility criteria for studying MBA at INSEAD – 

  • Candidates applying to this program must have a Bachelor’s degree from a recognized institution. This requirement may be excused if the candidates have credible professional work experiences. 
  • Exam scores-
    • TOEFL – 105/120
    • GMAT – Not Specified
    • Applicants are suggested to aim for 70-75% for both quantitative and verbal sections at GMAT. 
    • PTE – Marks 72/80
    • IELTS – Marks 7.5/9
    • GRE – Not specified 

9. COLUMBIA BUSINESS SCHOOL

According to the QS World University Ranking, Columbia Business School secures the ninth rank in the list of the best universities to study MBA abroad in the year 2022.

Overall QS Ranking Score – 90.4

Year of establishment – 1754 

Location – New York, United States of America 

Course name – MBA/PGDM

Streams– Business and Management Studies 

Specializations – Not specified 

First Year Fees– INR 60,10,568

Eligibility criteria for studying MBA at Columbia University – 

  • Applicants must have an Undergraduate degree from a recognized institution. A three-year Bachelor’s degree is also preferred however, those applicants are reviewed on a case-by-case basis.
  • Exam scores –
    TOEFL- Not compulsory for studying MBA at Columbia
    GMAT- Not Specified
    GRE- Not specified
  • The applicants may be invited for an interview with the university’s alumni.

International students don’t have to submit language test scores like TOEFL for them, verbal test scores on the GRE, or the GMAT is sufficient. 

10. IESE BUSINESS SCHOOL

According to the QS World University Ranking, IESE Business School secures the tenth rank in the list of the best universities to study MBA abroad in the year 2022. 

Overall QS Ranking Score – 89.5

Year of establishment – 1973 

Location – Barcelona, Spain

Course name – MBA/PGDM

Streams – Business and Management Studies 

Specializations – International MBA, Executive MBA 

First Year Fees- INR 60.9 Lakhs 

Eligibility criteria for studying International MBA at IESE Business School –

  • Applicants must have a bachelor’s degree
  • Exam scores-
    • TOEFL – 100/120
    • GMAT – Not specified
    • PTE – 73/90
    • IELTS – 7/9
    • GRE – Not specified
  • Applicants applying to study MBA are required to have a work experience of at least three years in order to be eligible for the program.

Note* Eligibility criteria mentioned may be different for different specializations.

Master in Business Administration is a professional course of study wherein the learners get first-hand practical experience in the field as well as gain theoretical knowledge about the concepts related to business. Studying MBA abroad could be a bold choice for you and choosing one of the best-listed universities by QS Ranking is even better!