1. Canada
In recent years, many Indian students have chosen Canada as their preferred destination for pursuing MBA at abroad. This trend is driven by the high-quality education available in Canada at relatively lower costs.
The Canadian Government further supports students through scholarships and bursaries. To study in Canada, students must meet certain eligibility requirements set by Canadian regulations, which include depositing one year's living expenses into a GIC account. Some of the affordable MBA universities in Canada include:
- University of Northern British Columbia
- Memorial University of Newfoundland
- University of Manitoba
- University of Saskatchewan
- University of New Brunswick
Average Cost of Living | Average Tuition Fee |
CAD 1000 (INR 60,478) | CAD 30,435 – CAD 31,856 (INR 18.15- 19.2 lakhs) / per year |
2. Germany
Germany is one of the top destinations offering the most affordable MBA abroad for Indian students. The country is home to some of the best business schools in the world, offering high-quality education at much lower costs compared to other countries.
Not only are the tuition fees affordable, but many German universities also offer scholarships and financial aid to international students, making it even more budget-friendly. Plus, with Germany’s strong economy and excellent job market, MBA graduates have great opportunities after completing their studies.
Here are some of the affordable MBA universities in Germany where Indian students can pursue an MBA:
- Johannes Gutenberg University
- University of Bayreuth
- Ludwig Maximilians University Munich
- Esslingen University of Applied Sciences
- Offenburg University of Applied Sciences
Average Cost of Living | Average Tuition Fee |
€850 (INR 73,915) | €19,000 to €45,000 (INR 16.5 - 39.13 lakhs) per year |
3. United Kingdom
Graduates of UK MBA programs are highly valued across a wide range of industries, and the program is highly esteemed and globally recognized. The United Kingdom attracts many international students for the abroad MBA due to its prestigious universities and high-quality education, offering affordable one-year degrees. In addition to academic excellence, UK universities often provide robust networking opportunities, diverse campus environments, and access to a dynamic job market, making it an ideal choice for MBA aspirants.
Here are some universities in the UK that offer reasonably priced MBA programs:
- University of Bolton
- Teesside University
- Staffordshire University
- Leeds Trinity University
- University of Ulster
Average Cost of Living | Average Tuition Fee |
£1300-£1400 per month in London, £900-£1300 in the rest of the UK | £12,500 - £15,250/year |
4. Ireland
Ireland is a top destination for international students seeking an affordable MBA abroad. Irish business schools offer cost-effective yet highly competitive MBA programs. An MBA from Ireland is internationally recognized and provides a variety of specializations beyond the traditional fields of HRM, Finance, Marketing, and Sales.
Here are some low-cost universities in Ireland where you can pursue an MBA Pathway Program:
- University College Dublin
- Trinity College Dublin
- University College Cork
- University of Limerick
- Dublin University Business School
Average Cost of Living | Average Tuition Fee |
€590 - €1,000 (INR 51,300- 86,940) | €8,000 - €30,000 (INR 6.95- 26 lakhs) / per year |
5. France
By enrolling in a public institution in France, international students can benefit from a two-thirds fee remission from the state, making it a highly attractive destination for studying. This significantly reduces the cost of MBA programs. Moreover, many French universities offer Global Pathway Programs, enhancing both educational experiences and career opportunities.
Here are some cost-effective universities in France where you can pursue an MBA:
- ESG Management School
- EPITA Graduate School of Computer Science
- EFREI Engineering School of Information and Digital Technologies
- Neoma Business School
- Paris School of Business
Average Cost of Living | Average Tuition Fee |
€400 - €800 (INR 34,783- 69,567) | €14,930 - €89,000 (INR 13 lakhs - 77 lakhs) per year. |