Top 5 places to study an MBA abroad

Author
Dan Mason, Editorial manager
Posted
September, 2019

Develop an international business perspective, grow your global network of contacts and impress employers by studying for an MBA abroad

Some of the best courses are offered at UK universities, and they attract students from around the world. But if you want to head elsewhere for your MBA, there's plenty of choice - from the long-standing MBA strongholds of the USA and France, to rising powers such as China and Singapore.

What's more, MBA courses are often taught in English, so they're accessible too. Here are some of the most popular destinations.

1. USA

Why study an MBA in the USA? It's the birthplace of the MBA. Harvard Business School established the first course in 1908 and US institutions have been leading the way ever since. If you want employers to sit up and take notice, an MBA from one of the USA's prestigious and globally respected business schools will do just that.

How do US business schools rank? They consistently dominate the main worldwide MBA rankings. Seven of the top ten MBAs are in the USA, according to the Financial Times (FT) Global MBA Rankings 2019. Stanford Graduate School of Business takes the number one spot, with Harvard, Wharton, Chicago Booth, MIT Sloan, Columbia Business School and Berkeley Haas following closely behind.

What does an MBA cost? You'll need significant funds to attend one of the highly ranked programmes. For example, Stanford's MBA is a two-year course and annual tuition fees stand at $73,062 (about £58,573) in 2019/20. The institution estimates that your total annual expenses, including fees, living costs, books and transport, will reach $115,917 (about £92,930) per year. You'll need to explore what financial aid you're eligible for, or seek out less prestigious business schools to find cheaper alternatives. For example, at the Boston University School of Management full-time MBA tuition fees cost $55,480 (£44,478) with an estimated total expenditure of $76,550 (£62,370).

Anything else I need to know? In the USA, MBA programmes are traditionally two-year courses (whereas most in Europe last one year). One of the defining features of a two-year MBA is that you usually undertake an internship with an employer during the middle summer. Impress them sufficiently and you may get a job offer. However, one-year MBAs are available if you prefer.

Find out more about studying in the USA.

2. France

Why study an MBA in France? Aside from the UK, France is Europe's MBA heartland and the most popular non-English speaking country for international MBA students. It's home to several elite business schools that more than hold their own on the global stage. Add that to the country's famed culture, history and food and it makes a great place to study.

How do French business schools rank? INSEAD, which bills itself as the business school for the world and has campuses in France and Singapore, sits third in the FT Global MBA Rankings 2019. While this is France's best known MBA offering, there are other strong options. HEC Paris, EMLyon Business School, ESSEC Business School and Grenoble Ecole de Management are all in the top 100.

What does an MBA cost? EMLyon's one-year full-time International MBA costs €38,500 (about £33,950) in tuition fees. Scholarships worth 30% or 20% of fees are offered to students with GMAT scores above 650, the first student enrolled from each nationality, executive women, and students who enrol before the end of December. Fees will vary between business schools though - for example, INSEAD's MBA fees are €85,500 (about £75,396) in September 2019 and will be set at €87,000 (£76,719) in January 2020.

Anything else I need to know? France was home to Europe's first MBA programme, at INSEAD. Despite this, and the country's protective instincts when it comes to the French language, MBAs at all the leading business schools are taught in English. Most MBAs are intensive full-time courses, though part time alternatives are available.

Find out more about studying in France.

3. China

Why study an MBA in China? Its increasing importance on the global economic stage, coupled with the rise to prominence of its top business schools, makes China the perfect destination for more adventurous MBA students. Studying in China will give you a different perspective on international business that is certain to catch the eye of potential employers.

How do Chinese business schools rank? There are seven Chinese institutions in the FT Global MBA Rankings 2019. The best performer is CEIBS (the China Europe International Business School) in an impressive fifth place. Another five, including HKUST Business School and the University of Hong Kong, are all in the top 60.

What does an MBA cost? Tuition fees for the 18-month MBA at CEIBS are 428,000 Chinese RMB (about £48,263). As with other business schools, financial aid is available. In the most recent 2020 intake, 30% of students received scholarships worth between 20% and 100% of their fees, in addition to this, 30% of 2021 students received loans covering between 25% and 100% of their fees. Meanwhile, HKUST's MBA fees stand at 585,000 Hong Kong dollars (about £59,801).

Anything else I need to know? Programmes are taught in English, but don't miss the opportunity to learn Mandarin alongside your studies. This will help you understand the Chinese culture, ensure you can enjoy your stay in the country, and give you a significant advantage when it comes to applying for jobs in the sphere of international business.

Find out more about studying in China.

4. Singapore

Why study an MBA in Singapore? Long known as one of the Asian Tiger economies, Singapore is a dynamic, innovative and business-friendly place to study for an MBA. It's got a reputation for the high quality of its education, and in recent years this has extended into its business schools. English is the main language of instruction in all the country's universities.

How do Singaporean business schools rank? In addition to the Singaporean campus of INSEAD, there are two leading business schools. The National University of Singapore (NUS) Business School and Nanyang Business School are always among the elites when it comes to league tables. In the FT Global MBA Rankings 2019 they sit 17th and 30th respectively.

What does an MBA cost? At NUS MBA fees cost 65,000 Singapore dollars (about £37,836), while Nanyang Business School charges 62,000 Singapore dollars for its full-time MBA offering (about £36,090). Financial aid is available in the form of grants and loans from both institutions. Some funding is limited to Singaporean citizens, so check the university website to see what's on offer for international students.

Anything else I need to know? Singapore is one of the most popular Asian destinations for international students. The QS Best Student Cities ranking for 2019 puts it in 20th place in the world. Be aware, though, that the prosperity, low crime rates and spectacular cityscapes that make Singapore so attractive come hand-in-hand with high living costs.

Find out more about studying in Singapore.

5. Canada

Why study an MBA in Canada? It may be less renowned than its southern neighbour when it comes to MBAs, but Canada is definitely worth considering - and not just for its stunning scenery. Its top business schools now compete with the world's best and studying there is generally more affordable than the USA.

How do Canadian business schools rank? Three Canadian institutions appear in the FT Global MBA Rankings 2019. These are the University of Toronto's Rotman School of Management, McGill University's Desautels Faculty of Management, in Montreal,  and Western University's Ivey Business School in London, Ontario - 85th, 87th and 94th place respectively.

What does an MBA cost? At the University of Toronto, tuition fees for the two-year full-time MBA are C$129,190 (about £78,131) in total, split across the two years. McGill's international fees for two years stand at C$89,000 (about £53,825), including the cost of an international study trip.

Anything else I need to know? You should enjoy your stay in Canada. Three of the top twenty most liveable cities in the world in 2019, according the QS Best Student Cities ranking, are located in the country - Montreal in sixth place, Toronto in eleventh, Vancouver in sixteenth.

Find out more about studying in Canada.

Also worth a look

There are a growing number of countries vying to be the go-to destination for MBA students. For example, in Europe you can find excellent courses at universities in Spain, Germany and Switzerland. Further afield, the top business schools in Australia and India are strong contenders for your consideration.

Discover more destinations for postgraduate study abroad.

Find out more

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