Every year lakhs of students become graduates in India, and the one question on their minds is – MBA in USA or Australia. USA has always been the first choice for MBA for Indian Students. However, if we see the trend of the last few years, MBA in the USA is the most popular choice for Indian students.
Why choose MBA in USA?
There are many reasons why Indian students choose the USA to pursue MBA. Some of them are:
Options of multiple MBA programs and specializations.
The USA has the best education system offering internationally recognized degrees.
MBA in USA offers internship opportunities at iconic companies to help you gain valuable experience.
An MBA from USA University improves your earning potential and career prospects.
Indian Students desirous of getting MBA degrees from overseas are always keen to know about the best MBA courses in the USA.
Highlights of MBA Courses in the USA
An MBA from the USA is one of the most sought-after degrees for Indian students. So, what are the eligibility criteria for joining a program of MBA in USA?
Eligibility required for MBA Universities in the USA
The following eligibility criteria are required for joining MBA in the USA:
Candidates need a good GPA score in their previous exams.
Candidates should have completed 16 years of education, including a four-year bachelor’s program.
They should have relevant work experience to meet the university’s requirements.
A Graduation degree from a recognized university or board.
IELTS/PTE/TOEFL scores are mandatory for overseas students.
A candidate should have GMAT or GRE scores, depending on the requirement at the university.
MBA without relevant Work Experience
An MBA from the USA can greatly boost any Indian student. It can open excellent career opportunities as nothing can. But if you don’t have relevant work experience, how can you pursue an MBA in the USA? Thankfully, some universities in the USA offer MBA programs to students with no work experience.
While work experience is an essential requirement for MBA admissions, there are some exceptions. Some schools have different criteria to evaluate your language proficiency skills, such as your academic background, leadership potential, extracurricular activities, and overall suitability for the program.
If you want to pursue an MBA without work experience, you must do some homework. You should find out about the various admissions requirements of different programs and change your application accordingly. You can provide additional information about your special skills, awards, and goals to show your potential as a future business leader.
What are the top MBA programs in the USA?
The top MBA programs in the USA vary depending on the ranking criteria. According to the US News & World Report 2021 ranking, the top MBA programs in the USA are Harvard Business School, Stanford Graduate School of Business, and the Wharton School at the University of Pennsylvania.
What is the cost of an MBA program in the USA?
The cost of an MBA program in the USA varies by school and program format. On average, full-time MBA programs can cost around $50,000 to $100,000 for the entire program, while part-time and online programs may be more affordable.
Best MBA Colleges in Australia
Another country that has increasingly become popular for doing MBA among Indian students in Australia. Let us know in detail about the most popular MBA colleges in Australia.
The University of Melbourne, Melbourne
The University of Melbourne is the second oldest university in Australia. Its courses are divided into 10 different disciplines offering under-graduation and post-graduation degrees in over 100 subjects. The University of Melbourne offers 600 undergraduate, graduate, and doctoral programs to international students.
The University of Melbourne has a 95% employment rate for MBA graduates. The MBA graduates from this university usually receive an employment opportunity within 3 months of finishing their courses. Internationally known companies like Ford, eBay, Accenture, PWC, Uber, Nike, Intel, and Oracle offer jobs to MBA graduates from this university.
Course Duration is of 2 Years
Annual Fees are approximately Rs. 58 lakhs
The employment rate is high at 95%
The University of Queensland, Brisbane
The University of Queensland is one of the premier institutions in Australia. It belongs to Go8 (Group of Eight Universities in Australia) and Universitas 21. There are more than 50,000 students from 134 countries enrolled in this university. Their MBA graduates receive high-paying job offers in diverse fields such as executive management, finance, marketing, science, and engineering.
Course Duration is 2 Years
Total Annual Fees are Rs. 52 lakhs
The Employment Rate is 71.4%
why choose MBA in Australia
- Quality education: Australian business schools have a reputation for offering high-quality MBA programs that are internationally recognized. Many of these programs are accredited by leading accrediting bodies such as AACSB, AMBA, and EQUIS.
- Multicultural environment: Australia is known for its multicultural society, which means that MBA students will have the opportunity to learn and interact with people from different backgrounds and cultures. This can help to broaden one’s perspective and prepare students for a global career.
- Strong economy: Australia has a stable and growing economy, which provides opportunities for MBA graduates to find employment in a variety of industries.
- Great lifestyle: Australia is known for its beautiful landscapes, friendly people, and high standard of living. This makes it an attractive destination for MBA students who want to balance their studies with an enjoyable lifestyle.
- Flexibility: Australian business schools offer a range of MBA programs that are tailored to suit different needs and lifestyles. This includes full-time, part-time, online and executive MBA programs.
- Access to internships and networking: The MBA programs in Australia often provide their students access to internships and networking opportunities with leading companies and organizations. This gives MBA students the chance to gain practical experience and build professional connections that can be beneficial for their career.
- Affordable cost: Compared to other countries like USA, Canada, UK the MBA programs in Australia are relatively more affordable. This makes it a more viable option for students who want to study abroad but are concerned about the cost.