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March, 2015

While the benefits of a UK MBA are obvious it's also worth broadening your horizons by studying overseas

The UK is home to many of the biggest and best MBA programmes in the world. Find out more about studying for an MBA in the UK. However, if you want to immerse yourself in another culture while gaining an MBA then heading to a different country is a great idea.

1. USA

As the birthplace of the MBA it comes as no surprise that the USA comes top of the pile for the course.

In the Financial Times Global MBA Ranking 2015, seven of the top ten ranked business schools are from the USA. In fact the country is responsible for more than 50% of all the schools in the top 100.

The world-famous Harvard Business School claims its throne at the top of the rankings for the second year running. Those thinking about joining the MBA class of 2016 will have to part with $95,100 (£61,759).

If you're thinking of heading to the USA then find out more about the entry requirements at study in the USA.

2. China

In second place, repeating their success in the London 2012 Olympics Medal Table is China. Hundreds of thousands of international students flock to the Asian superpower each year to study.

In fact, many British institutions have strong academic links with their Chinese counterparts. For example, the London South Bank University (LSBU) MBA in Chinese Business Practice is offered in collaboration with Shanghai Normal University, and sees students spending one semester in each city.

Hong Kong UST Business School and China Europe International Business School (CEIBS) are the highest ranked of the Chinese offerings, with students attending these schools increasing their salary on average by 139% and 156% respectively.

Learn more about the rules regarding student visas at study in China.

3. France

Third in our rundown is France, a major performer on the world stage and a notable hotspot for higher education in Europe.

When the MBA first migrated to European shores in the 1950s, France was the first country to properly take on this method of teaching. Nowadays the country stakes claim to a number of exceptional business schools, including INSEAD, HEC Paris and EMLYON.

INSEAD calls itself 'the business school for the world' and with 95% of its MBA classes made up of international students, it has a fair point. It also has strong footholds in Singapore and Abu Dhabi, part of the reason the Financial Times ranks it the 6th best business school in the world for 2015.

Although tuition fees are generally cheaper in France, expect to pay upwards of €30,000 (£24,915) for a full-time MBA, with INSEAD charging an eye-watering €65,800 (£47,843). If you're planning a French relocation then you can find out more useful information at study in France.

4. Spain

For a country suffering from a sustained period of financial downturn, you could be forgiven for thinking that now is not a good time to study for an MBA in Spain.

But the largest Iberian nation offers two of the best MBAs anywhere in the world, according to the Financial Times. IE Business School ranks 12th in the Global MBA Ranking 2015 and the similarly named IESE Business School sits even prettier in 7th position.

IESE is part of the University of Navarra and the MBA campus is housed in the beautiful city of Barcelona. The programme lasts 19 months and during the second year students can spend up to two weeks in one of four overseas campuses: New York; Sao Paulo; Nairobi; or Shanghai.

IE Business School, in the Spanish capital of Madrid, boasts more than 45,000 alumni working in over 100 countries. The full-time International MBA here costs €61,900 (£45,013) and takes 13 months to complete.

Find out more about the Spanish education system at study in Spain.

5. Australia

Based in the Asia-Pacific region, Australia is the fastest growing in terms of economic development, giving its MBA a strong international focus.

Two of the most notable MBA-providing institutions Down Under are the Australian Graduate School of Management (AGSM) and Melbourne Business School (MBS).

Associate dean at MBS, Laura Bell, says Melbourne is a gateway to Asia, offering students a truly global perspective.

The AGSM is based in Sydney, the financial capital of Australia. Here, a full-time MBA will set you back 75,840 Australian Dollars (£38,416).

If that fee seems a little steep, it's worth noting that Australia is the most expensive country in the world for international study.

Discover how to gain entry to study in Australia.

Other destinations

Honourable mentions go to Switzerland, with the IMD Business School in Lausanne held in high regard. Canada is known as an MBA hotspot, with institutions such as Rotman School of Management or Sauder School of Business well worth researching.