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The MBA stands for Masters in Business Administration. MBA is an advanced degree in the field of Business and is offered with various specializations. Graduates with relevant skills and knowledge take professional positions in different public, private, and government firms. 

The work of MBA graduates includes management, accounting, organization, marketing etc. An MBA degree also helps individuals to start up their business ideas. Most of the top-ranked B-Schools offer internships or job placements right after the course.

What is an MBA?

The UK has a long traditional history for Business education. There are nearly 130 universities that offer Business Administration or related courses in the UK. An MBA in the UK is one of the most popular degrees across the world. The job opportunities after 

MBA in the UK have increased in recent years. The job opportunities and pay scale largely depend on the choice of specializations currently in demand in the UK. MBA in the UK for Indian students offers financial assistance through various full-time and part-time scholarships, grants and fellowships. 

The multiple specializations offered under MBA in the UK is as listed below:
- General Management
- Marketing
- Business Strategy
- Finance
- Human Resources
- Entrepreneurship
- Operations Management
- Consulting
- Accounting
- Environmental Management and Stability
 

What are the MBA courses in the UK?


The UK MBA generally requires students to have a -
- Bachelor’s degree in engineering, technology, management, or any other related subject from a recognized university. 
- A minimum of 60% or equivalent is required to apply for MBA in the UK. 
- Students should also submit other documents to meet the eligibility criteria. 
- Certain institutions may require additional documents, and the institution-specific requirements may vary from one institution to another. Some of the top-notch B-Schools demand proof of work experience as well. 

The program is highly competitive, and meeting the eligibility criteria alone may not ensure admission. 

The following is a list of documents that are necessary for an MBA in the UK - 
- Academic Transcripts
- Resume
- Relevant test scores (GMAT/GRE)
- Proof of English Proficiency (TOEFL/IELTS/PTE)
- Statement of Purpose
- Letters of Recommendation

What is the Eligibility Criteria for an MBA in the UK?

The UK has some of the top universities in Business Administration in the world. The MBA universities in the UK have excellent teaching faculties with hands-on experience in management, finance, marketing and related field. The UK offers **full-time as well as part-time MBA programs**. 

Students can generally finish the master’s degree within **12 to 24 months**. Some of the MBA universities in the UK offer internship or job placement provides to post the masters degree. The UK also offers students a two year stay back period after their masters. Graduates are usually hired within a few months of graduation. 

Some of the MBA top universities in the UK are listed below:
- London Business School
- Oxford Business School
- Cambridge Judge Business School
- Warwick Business School
- Imperial College Business School
- Alliance Manchester Business School
- Leeds University
- Aston Business School
- Edinburgh Business School
- Durham Business School

What are the best universities in UK for MBA?


An MBA degree from the UK cost around **31,500 GBP to 88,000 GBP**. The MBA in UK fees largely depend on the location, World-ranking, global impact, placement, and many factors. Meritorious students can avail of financial assistance through scholarships. 

There are institutions specific as well as general scholarships available for MBA in the UK. After completing masters’, students can earn up to **1,00,000 GBP as average salary**. Students can also opt for various part-time work amidst studies to match the living expenses. The MBA universities in the UK offer flexible application and course time, enabling students to work up to **20hrs per week during the semester**. 

What is the Cost of an MBA in the UK? 


The UK has ample job opportunities after MBA in the UK. Currently, the job market in the UK is short of skilled managers. Shortly, demand for these positions is projected to increase even more. MBA graduates from the United Kingdom are employed in various fields, including sports, education, banking, commerce, and management. The pay range for different management jobs is primarily determined by the abilities, specialities, and demand for such positions.

The average annual pay scale of an MBA executive in the UK is between **1,16,000GBP to 1,33,000GBP**. An assistant BD Manager has average yearly pay of **1,31,000GBP**, whereas BD managers are paid **1,84,000 GBP**. Managers and General Managers have a pay scale between **1,70,000 GBP to 2,00,000 GBP**. Project managers annually earn more than **2,00,000 GBP**. 

What are the career options after MBA in the UK?

MBA from the UK is the right choice for students aiming to own a business or work in management; the post-stay back period after the master’s in the UK help students plan their career in the UK. Some of the top UK universities offer excellent placements. Graduates are paid higher with increasing experience. All this makes MBA a suitable choice for international students aiming to work and settle in the UK.

**1.) Is an MBA in the UK worth it?**

Yes, The UK has a high job demand for manager jobs, which is expected to increase in the future.

**2.) Is the UK MBA recognized in India?**

The 1-year MBA degree from the UK is not recognized in India. 

**3.) Which is the best MBA course in the UK?**

General MBA or Marketing MBA are an excellent choice for students. However, the right choice for students varies with personal interests.

**4.) How can I get a job after MBA in the UK?**

Graduates generally find a job within 3 months after a master’s degree. Students can apply to various firms or choose campus placements to work in the UK after MBA.

**5.) Can I work in the UK after my MBA?**

Yes, students can work in various private firms in different sectors such as management, technology, education, finance etc.

**6.) What exams are required for MBA in the UK?**

General GRE or GMAT (preferred) are required for MBA in the UK. Language tests such as IELTS/TOEFL/PTE are also mandatory. 


Frequently Asked Questions (FAQ)

MBA is one of the most popular master’s degrees. Many young and successful start-ups surrounding us mark the popularity of a degree in Business Administration. Most of the students pursuing an MBA in highly regarded B-Schools are placed within a few months of graduation. Some of these top-ranked B-Schools hailing from the UK are best and affordable for international students.

[MBA in the UK](https://www.azent.com/country/uk) is less expensive, reputed and on par with other global masters. Every year millions of students from across the globe travel to different parts of the UK to pursue their MBA dream. MBA in the UK for Indian students costs much less than the same degree from any other country. Also, the UK welcomes warmly international students and provides world-class learning facilities. Further details on the MBA in the UK are mentioned below.


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Interested in an MBA in the UK? Not sure where to start? Read our blog to learn about the best universities, courses, fees, career options, and much more

MBA in the UK - All You Need To Know

The MBA stands for Masters in Business Administration. MBA is an advanced degree in the field of Business and is offered with various specializations. Graduates with relevant skills and knowledge take professional positions in different public, private, and government firms..

The multiple specializations offered under MBA in the UK are, General Management, Marketing, Business Strategy, Finance, Human Resources, Entrepreneurship, Operations Management, Consulting, Accounting and much more.

The UK MBA generally requires students to have a - Bachelor’s degree in engineering, technology, management, or any other related subject from a recognized university.. A minimum of 60% or equivalent is required to apply for an MBA in the UK, Students should also submit other documents to meet the eligibility criteria, Certain institutions may require additional documents, and the institution-specific requirements may vary from one institution to another. Some of the top-notch B-Schools demand proof of work experience as well.

Some of the MBA top universities in the UK are, London Business School, Oxford Business School, Cambridge Judge Business School, Warwick Business School, Imperial College Business School, Alliance Manchester Business School, Leeds University, Aston Business School

 What are the best universities in UK for MBA?

An MBA degree from the UK cost around 31,500 GBP to 88,000 GBP. The MBA in UK fees largely depend on the location, World-ranking, global impact, placement, and many factors. Meritorious students can avail of financial assistance through scholarships.

What is the Cost of an MBA in the UK?

The UK has ample job opportunities after MBA in the UK. Currently, the job market in the UK is short of skilled managers. Shortly, demand for these positions is projected to increase even more. MBA graduates from the United Kingdom are employed in various fields, including sports, education, banking, commerce, and management. The pay range for different management jobs is primarily determined by the abilities, specialities, and demand for such positions. The average annual pay scale of an MBA executive in the UK is between 1,16,000GBP to 1,33,000GBP.

Yes, The UK has a high job demand for manager jobs, which is expected to increase in the future.

Is an MBA in the UK worth it?

The 1-year MBA degree from the UK is not recognized in India.

Is the UK MBA recognized in India?

General MBA or Marketing MBA are an excellent choice for students. However, the right choice for students varies with personal interests.

Which is the best MBA course in the UK?

Graduates generally find a job within 3 months after a master’s degree. Students can apply to various firms or choose campus placements to work in the UK after MBA.

How can I get a job after MBA in the UK?

Yes, students can work in various private firms in different sectors such as management, technology, education, finance etc.

Can I work in the UK after my MBA?

General GRE or GMAT (preferred) are required for MBA in the UK. Language tests such as IELTS/TOEFL/PTE are also mandatory.

What exams are required for MBA in the UK?

|   Rank	|School   	|Tuition   	|  GMAT 	|   Intake	|   Avg. Salary	|
|---	|---	|---	|---	|---	|---	|
|   1	|   University of Pennsylvania (Wharton)	|  $72K 	|  732 	|   Sep 18	|  $166K 	|
|   2  |   Stanford University	|   $71K	|  732 	|   Apr 3	|   	$163K	|
|   3	|  Harvard University 	|   $73K	|  731 	|   Jan 4	|   $159K	|
|   4	|   Massachusetts Institute of Technology (Sloan)	|   	$74K	|  728 	|  Apr 8 	|  $159K 	|
|   5	|   University of Chicago (Booth)	|   	$72K	|  732 	| 	Apr 4  	|  $155K 	|
|   6  |  Columbia University 	|   $74K	|  736 	|   	Apr 10	|  $153K 	|
|   7	|   Northwestern University (Kellogg)	|   $72K	|   732	|   	Apr 10	|   	$152K	|
|   8	|   University of California–Berkeley (Haas)	| $61K  	|   	726	|  Apr 4 	|  $148K 	|
|   9	|   Yale University	|   $70K	|   	724	|	Apr 16   	|  	$150K 	|
|   10     |   Duke University (Fuqua)	| $68K  	|  	704 	|  Mar 20 	|  	$155K 	|
|   11	| University of Michigan–Ann Arbor (Ross)  	|  $69K 	| 720  	|   	Mar 18	|   	$156K	|
|   12	| Dartmouth College (Tuck)  	|   $72K	|   722	| Apr 1  	|  	$158K 	|
|   13	|  New York University (Stern) 	|   $72K	|   716	|  Mar 15 	|   	$159K	|
|   14	|  University of Virginia (Darden) 	|   $62K	|  718 	|   	May 1	|   $161K	|
|   15	|   Cornell University (Johnson)	|   	$66K	| 	699  	| Apr 10  	|   	$155K	|
|   16	|   University of California–Los Angeles (Anderson)	|  $60K 	|  	716 	| Apr 16  	|   $143K	|
|   17|  Carnegie Mellon University (Tepper)   	| 	$65K	|   	690	|   Mar 7	|  $146K 	|
|   18	| University of Southern California (Marshall)  	|   $63K	|   705		|  	Apr 15 	|  $151K 	|
|   19	|   	University of North Carolina–Chapel Hill (Kenan-Flagler)	|   	$61K	|   702	|   Apr 6	|   $140K	|
|   20	|  	University of Texas–Austin (McCombs) 	|   $54K	| 702  	|   Apr 2	|  	$142K 	|

 Top MBA Schools in USA.

|   Rank	|School   	| Tuition 	| Rank  	| Deadline  	|  Avg. Salary 	|
|---	|---	|---	|---	|---	|---	|
|   1	|  	University of Toronto 	|   $91K	|  	658	|   Nov 20,Feb 19,April 15 	| 	$105K  	|
|   2	|   University of Montreal	|  $49K 	|   630	|   Nov 15,Jan 15,Mar 15	|   $83K	|
|   3	|   McGill University	|  $47K 	|   550	|  Nov 1,Jan 15,Mar 15 	|  $117K 	|
|   4	|   University of Alberta	|  $58K 	|  550 	|   Mar 1	|   $70K	|
|   5	| University of British Columbia  	| $65K  	|   550	|   Oct 22,Apr 7	|   $81K	|
|   6	|  Western University 	|   $112K	| 667  	|   Sep 23,Nov 12,Jan 6	| $103K  	|
|   7	|  York University 	| $26K  	|   550	| Nov 29,Jan 31,Mar 12  	|   $92K	|
|   8	|   Simon Fraser University	|  $41K 	|   550	|   Oct 25,Jan 17,Mar 20	| $88K  	|
|   9	|   Concordia University	| $41K  	|   580	|   Mar 1	| $64K  	|
| 10	|  McMaster University 	|  $87K 	|   600	|   Oct 25,Jan 17,Mar 20	|   $73K	|


 Top MBA Schools in Canada

|   Rank	| School  	| Tuition  	|   GMAT	| Deadline  	|  Avg. Salary 	|
|---	|---	|---	|---	|---	|---	|
|  1 	|  Erasmus University Rotterdam 	| $58K  	|  Required 	|   Apr 2,Jun 4,Aug 6,Oct 8,Nov 5	|   $133K	|
|   2	|   INSEAD	|   $95K	|   680-750	| Sep 18,Nov 6,Jan 15,Feb 26	|  $110K 	|
|  3	|   University of Amsterdam	|  $44K 	|   Required	| Jun 1  	|  $151K 	|
|   4	|   University of St.Gallen	|   $45K	|   Required	|   Oct 1, Dec 1, Feb 1,April 1,Jun 1 Aug 15	| $148K  	|
|   5	|   VU University Amsterdam	|  $16K 	|   Required	|   Feb 1	|   $68K	|
|   6	|  HEC Paris 	|   $80K	|   Required	|   Rolling	| $121K  	|
|   7	|  IE University 	| $80K  	|   Required	|  Rolling 	|   $100K	|
|   8	| Maastricht University  	|  $36K 	|   600	|   May 1	|   $131K	|
|   9	|  University of Munich 	|  $35K 	|   Required	|Jan 31   	|  $85K 	|

 Top MBA schools in Europe

| Rank 	| School                                           	| Tuition 	| GMAT    	| Deadline 	| Avg. Salary 	|
|------	|--------------------------------------------------	|---------	|---------	|----------	|-------------	|
| 1    	| University of Warwick                            	| $51K    	| 660     	| Jan 15   	| $119K       	|
| 2    	| University of Cambridge                          	| $91K    	| 640-730 	| Dec 3    	| $133K       	|
| 3    	| City University London                           	| $58K    	| 600     	| May 15   	| $147K       	|
| 4    	| Imperial College London                          	| $68K    	| 600     	| Jan 15   	| $110K       	|
| 5    	| London Business School                           	| $108K   	| 600     	| Jan 3    	| $133K       	|
| 6    	| Lancaster University                             	| $43K    	| 600     	| Jan 15   	| $83K        	|
| 7    	| University of Manchester                         	| $58K    	| 600     	| Jun 30   	| $120K       	|
| 8    	| London School of Economics and Political Science 	| $26K    	| 640     	| Jan 15   	| $167K       	|
| 9    	| University College London                        	| $29K    	| 600     	| Mar 31   	| $133K       	|
| 10   	| University of Nottingham                         	| $33K    	| 580     	| Jun 30   	| $120K       	|

 Top MBA schools in UK

| Rank 	| School                              	| Tuition 	| GMAT 	| Deadline                            	| Avg Salary 	|
|------	|-------------------------------------	|---------	|------	|-------------------------------------	|------------	|
| 1    	| University of New South Wales       	| $59K    	| 670  	| May 1, Jun 1                        	| $109K      	|
| 2    	| University of Melbourne             	| $61K    	| 705  	| Aug 31, Nov 30,Mar 31               	| $87K       	|
| 3    	| Monash University                   	| $60K    	| 650  	| May 31,Jul 31,Nov 30                	| $50K       	|
| 4    	| University of Queensland            	| $55K    	| 550  	| May 1                               	| $116K      	|
| 5    	| University of Sydney                	| $35K    	| 600  	| Aug 18,Sep 22, Oct 27, Dec 1,Jan 12 	| $52K       	|
| 6    	| Griffith University                 	| $27K    	| 550  	| Jan 31                              	| $45K       	|
| 7    	| Queensland University of Technology 	| $34K    	| 550  	| Jan 31                              	| $45K       	|
| 8    	| University of Technology Sydney     	| $26K    	| 550  	| Jan 15                              	| $50K       	|
| 9    	| Australian National University      	| $33K    	| 600  	| Jul 7 , Oct 6,Dec 1                 	| $49K       	|
| 10   	| University of Auckland              	| $49K    	| 550  	| Feb 1                               	| $51K       	|

 Top MBA schools in Australia

Every year we help hundreds of students get into top schools around the world.

Many of theses students have great profiles and are able to get into the top business schools.

Also, there are many with average profile, who a with little bit of guidance, are able to get into good schools offering great job opportunities.

As we advise these students, we have seen some patterns and based on that we have ranked schools below.

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Learn more about the top MBA colleges in the world, requirements and more. Read our blog to learn more

Top MBA colleges in the World: Full Time MBA Ranking: Global

Stanford University, Harvard University, University of Massachusetts,  Columbia University, Yale University, Duke University are some of the top schools for MBA in USA

What are the top MBA schools in the USA?

University of Toronto, University of Montreal, Mcgill University, University ofAlberta are some of the best schools to pursue MBA in Canada.

What are the top MBA schools in Canada?

Erasmus, INSEAD, University of Amsterdam, HEC Paris are the topmost universities for MBA in Europe

What are the top MBA schools in Europe?

University of Warwick, City college of London, University of Cambridge and Lancaster University are the very best business schools in the UK.

What are the top MBA schools in the UK?

University of New South Wales, University of Melbourne, University of Queensland, and University of Auckland

What are the top MBA schools in Australia?

Top MBA colleges in the World: Full Time MBA Ranking: Global 

Here are a few pointers to keep in mind:

1. Different B-Schools all over Europe offer MBAs at different prices. The London Business School (LBS) offers a two-year programme that costs around £45,500. In Lausanne, Switzerland, the International Institute of Management Development (IMD) offers an 11-month programme that costs around US$ 60,450. INSEAD has a 10-and-a-half month MBA that would be around €51,000 and so on.

2. You will need to do a little research on what programme you want to take up and where. And once you know the answer to this, you will automatically know what your particular programme’s duration will be and what it is going to cost you.

3. The most popular source of funding your MBA is via a loan which can be supplemented by personal savings/family savings. Loans can be used to cover the cost of fees, travel to an overseas school, the cost of books, computers, etc. and living expenses.

4. Most nationalised banks give student loans, for education abroad. These loans range from 4 lakh to 7.5 lakh and upwards. Other banks have slightly varying policies. At HDFC bank, for example you could get a loan for up to Rs 20 lakh with no collateral required, if your loan is less than 7.5 lakh. Repayments begin a year after you finish your course or six months after you get a job (whichever one is earlier).

5. In a nutshell — zero in on which B-School you want to attend in Europe then

- Check their website for scholarships or partial grants on offer
- Check the cost of the MBA you want to do and
- Log into a comprehensive website in loans and figure out which loan suits you best

6. An internship is yet another way of helping you fund your study. Actually an internship has a lot of benefits apart from giving you the chance to earn money while you learn. An internship helps you test the skills you learned in the classroom by applying them in the real world of business.

7. Finally, you could also earn a little extra money by taking up a part-time job. In most countries in the West, you will be allowed to work a maximum of 20 hours a week. However, it is best to treat this money as a sort of bonus. Wor

How to finance your MBA?

If you’re thinking of pursuing an MBA abroad, one of the first things that will come to mind is finance.

European MBAs are shorter and they are cheaper as well, so the funds needed for the course of your study will be less.

MBAs from US b-schools are expensive and usually span 2 years. You get better career opportunities in the US after your MBA. There are many more good b-schools in the US as compared to Europe. The US b-schools also have a slight edge in terms of brand recognition.




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If you’re thinking of pursuing an MBA abroad, financing it is a very big factor. Let's take a look at all the options and what will suit you best in this blog.

Top 50 US schools for MS in ECE

Because European MBAs are shorter and less expensive, the funds required to complete your studies will be less. MBA programmes at US business schools are pricey and typically last two years. Following your MBA, you will have more professional prospects in the United States. In comparison to Europe, the United States has a far larger number of reputable business schools. In terms of brand awareness, US business schools have a tiny advantage.

What is the difference between a European MBA and an MBA from the USA?

Check the university's website for available scholarships or partial grants. Check the price of the MBA programme you intend to pursue and, Visit a thorough loan website to determine which loan is best for you.

At many universities, a student may take one of two approaches to earn a master’s degree. In the “traditional” path, students choose to work on an industry or academic research project in a program that ends with a thesis and final exam. In the “industry” path, students collaborate with industry partners in concentrations of interest from the industry standpoint, perform an academic research project or take part in an internship.

What is the difference between Thesis and Internship-based MS?

How to Finance your MBA

While pondering over how best to demonstrate leadership in your MBA application, you may feel perplexed or at a loss for words.

Well, lets go about it systematically.

Think back and focus on the different areas you have been a part of and try and figure out where it was that you showed initiative and did your best, and make a note of these incidents.

Don’t worry that you didn’t hold strong leadership positions in school. Everyone can’t be the captain of their school, can they?

When approaching the question of what experiences to jot down, introspect and go over the following points –

- Evoking enthusiasm in others
- Being the one to spot a problem
- Using unconventional approaches to solve a problem
- Improvising and working with what you have
- Dealing with mistakes
- Considering different opinions

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Do you want your mba application to stand out from the crowd? In this article, you'll learn the one most important tip for mapping out your application.

Demonstrate Leadership in Your MBA Application

You may be perplexed or at a loss for words when you consider how to effectively display leadership in your MBA application. So, let's take it one step at a time. Consider the many areas in which you have participated and attempt to identify instances where you have shown initiative and performed your best, and make a note of these occurrences. Don't be concerned if you didn't have great leadership roles in school. Isn't it true that no one can be the captain of their school?

How do I demonstrate leadership in my MBA applications?

The three top advantages an MBA provides you with, include:

**Career Changes** 
Careers change.

Industries change.

The world changes.

With MBA at a top business school, you’ll not only keep pace with that change — you’ll drive it.

A business education can be a valuable investment in your own future.

And, the right learning experience returns value in ways that go well beyond the monetary.

An MBA will help you move up in your chosen field, or changing paths completely.

It will help you explore new ways of thinking, or discovering how to make the contribution you always wanted.

Perhaps even in ways you never imagined possible.

The education you receive during your MBA will empower you with the knowledge, skills, and long-term vision that lead to innovation and growth.

And, you’ll build a powerful network of accomplished, inspiring colleagues that will continue to sustain you, long after you graduate.

Going beyond enhancing your resume or landing your next job, an MBA experience will shape your entire career and transform your life.

An MBA will prepare you to navigate the unprecedented economic, social, and other complex changes the future will certainly bring.

**Skills & Opportunities** 
An MBA will supply you with the tools to develop a perspective on almost everything around.

To be able to think about a topic and be able to speak and communicate about the nuances of that topic is a rare ability.

An MBA gets you started on this journey.

An MBA opens up many opportunities for you.

Irrespective of what you did before, your MBA will definitely contribute to your appeal as an employee for many employers.

**Network** 
MBA does give you a network. This network comprises of MBA students, alumni, faculty and business and community leaders.

This network can be very useful when beginning a job search, developing a career path, building business relationships in your present career or pursuing expertise outside your current field.

**Brand** 
The MBA degree is a recognized brand that signifies management and leadership training.

The particular school and the type of MBA program you attend will also have brand associations that can help open doors based on the school’s reputation.

The school’s brand strength depends on its history, its ability to provide students with “hard” skills and opportunities for personal growth, and the reach of its alumni, faculty and industry network.

A powerful brand can give you the flexibility to make changes throughout your career.

What are the benefits of an MBA ?

There could be various reasons to pursue an MBA and a lot depends on your background, aspiration and abilities.

If you are looking to change your industry, domain or role or want to gain management skills or knowledge in an experiential or classroom setting, an MBA would be the right option for you.

If you want to gain knowledge and hone skills that would help you build on the domain experience that you have acquired so far, an MBA would be helpful.

If you want to understand the nuances of international business or experience working in a cross-cultural, diverse setting, an MBA would be beneficial.

So spend some time thinking about it and figure out why you want to pursue an MBA.

What are the reasons to pursue an MBA?

This piece is a little dated but it still holds true.

Not so much as it used to, but it still provides a substantial boost.

However, to give you an idea of the the consistent decline in increase in salary percentage over the years, check out the statistics below.

- London School of Business – 189% (2003) – 124% (2010)
- IESE Business School – 194% (2003) – 136% (2010)
- Yale School of Management – 223% (2003) – 131% (2010)

The trend is similar across other European schools.

At the same time, MBA tuition fees have risen at 7%, on an average, over the past 15 years.

Such a dramatic change in salary could be accounted for, to some extent, by the situation of the economy during these periods.

Companies were paying fresh MBAs high salaries in the late 1990s for the fear of losing them to dot-coms.

Quite a few MBAs, who joined dot-coms, did incredibly well.

On the other hand, MBAs who graduated in the midst of the great recession of 2008-10 failed to receive a greater increase in salary, as compared to those from earlier years.

Salary and job prospects of everyone, whether MBA or non-MBA, is strongly linked with the economy, so it’s true that the market value of the MBA degree has gone down over the years.

But it’s more because of the global economy and less because of the intrinsic value of the degree itself.

What ultimately matters is that the MBA still provides a significant boost to a person’s earning potential and is widely recognized by employers across the globe.

Does an MBA increase your salary?

An MBA is probably the most expensive gift that you can give yourself.

It requires a significant commitment of time, effort and money.

So ask yourself why you wish to pursue this degree, before you start applying.

You must have a very clear idea about why you want an MBA?

All the schools, that you apply to, will ask you this question in your application as well as during interviews.

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Are you unsure if an MBA is the right path for you? Read our blog to get answers to your questions and make an informed decision.

Why MBA: Career change, brand, network and more reasons

An MBA might help you advance in your chosen sector or change your career path entirely. It will assist you in exploring new ways of thinking or figuring out how to make the contribution you've always wanted to make. An MBA will provide you the tools to gain a new perspective on practically everything. The MBA degree is a well-known symbol of management and leadership training. The brand connotations of the school and the sort of MBA programme you attend will also assist open doors depending on the institution's reputation.

What are the benefits of an MBA?

There are a variety of reasons to seek an MBA, and much relies on your history, goals, and talents. An MBA is the appropriate choice for you if you want to shift your sector, domain, or job, or if you want to improve management skills or knowledge in an immersive or classroom setting. An MBA will be beneficial if you want to obtain information and refine skills that will help you expand on the domain expertise you've already gained. An MBA will help you comprehend the subtleties of international business and get experience working in a cross-cultural, diversified context.

In the late 1990s, companies were offering new MBAs hefty wages out of fear of losing them to dot-coms. Many MBAs who went into dot-coms performed quite well. MBAs who graduated during the Great Recession of 2008-10, on the other hand, did not obtain a higher wage rise than those who graduated earlier in the decade. Because everyone's salary and career prospects, MBA or non-MBA, are highly related to the economy, it's true that the market worth of an MBA degree has decreased over time. But it's because of the global economy, not because of the degree's fundamental value.

An MBA (Master of Business Administration) is a widely accepted Post-graduate (Master’s) degree, which aims to - 

- imparts a strong understanding of business concepts and theory
- provides internships, group assignments, projects and other practical opportunities implement classroom learning in real-world
- develops essentials business skills including leadership, communication and negotiation
- opens up doors to international career growth, and 
- hone entrepreneurial skills and attitude 

Finding the right business school, preparing your application, interview and other aspects of application process can be overwhelming for you. It takes a lot of time and effort.

However, if you can streamline your MBA application process to get admission into the MBA program that fits best with your background, intersst and career goals.

Duration of an MBA program depends on its type. 

MBA programs come in a many different formats. Here are thse most common types of MBA programs: 

- Full-time MBA, 
- Executive MBA,
- Part time MBA, 
- Online MBA courses…Phew! 

Each program one has its pros and cons. 

Though there is no single best format, the full-time MBA format can get you the biggest boost to your career.

The average duration of full-time MBA programs can range between 1 to 2 years. 

You’ll find programs like INSEAD that are shorter than 1 year. 

The duration of part-time programs can extend up to 3 years, since students are working and studying at the same time.

What is the average MBA duration?

MBA fee for top business schools can be very high. 

There are many low-ranked business schools for which fee is low. 

And it’s not just the tuition fees that you need to consider. You need to consider living expenses as well. 

In addition, you should also consider your opportunity cost. Say, you are a working professional and getting an annual salary of Rs 15 lakh / year. If you go for a 2 year MBA program, your opportunity cost would be Rs 30 lakh. 

So your total cost of MBA is the sum of tuition fee, living expenses and opportunity cost. 

I am ignoring miscellaneous costs such as flight, visa, application fee etc. 

What is the typical MBA course fee?

Majority of MBA programs cover the following core subjects:

- Accounting
- Economics
- Corporate finance
- Strategy/Frameworks
- Human Resource Management
- Organizational Behavior
- Leadership
- Marketing
- Information Technology

In addition to above core courses, you’ll be able to choose electives from any specific area that you want to specialize in. 

What subjects does the MBA program cover?

MBA programs can have typical lectures. 

In addition, there are the following two popular methodologies that are common across most of MBA programs: 

**Case study method** 
To learn about and succeed as a business leader, you need more than theoretical learning in the classroom.

As part of Case study method, students are given case study describing different business situations and are expected to think through and come up with best possible practical solution.

The given case study may not have all the data to take a decision, which happens most of the time in real life. So you need to collect missing data, as much as possible, organize and analyze it as per the context of the case and arrive at a decision. 

Your final answer is only one part of the solution. How are are arriving at that solution is equally important. And that’s the biggest learning of a cast study method. 

**Group work** 
Group work is another way for you to enrich your learning experience. 

In your MBA class, you would form your group typically with 4-5 students from diverse cultural and professional.

Interactions with your group members would be an excellent opportunity for you to understand others’ point of view and way of thinking. 

Success of your group depends on full co-operation of and participation from each team members. 

Group work is excellent methodology to inculcate teamwork to students.

What are teaching techniques and methodology for an MBA?

**Top MBA Schools in USA**
- University of Pennsylvania (Wharton)
- Stanford University
- Harvard University
- Massachusetts Institute of Technology (Sloan)
- University of Chicago (Booth)
- Columbia University
- Northwestern University (Kellogg)
- University of California–Berkeley (Haas)
- Yale University
- Duke University (Fuqua)
- University of Michigan–Ann Arbor (Ross)
- Dartmouth College (Tuck)
- New York University (Stern)
- University of Virginia (Darden)
- Cornell University (Johnson)
- University of California–Los Angeles (Anderson)
- Carnegie Mellon University (Tepper)
- University of Southern California (Marshall)
- University of North Carolina–Chapel Hill (Kenan-Flagler)
- University of Texas–Austin (McCombs)

**Top MBA schools in Canada** 
- University of Toronto
- University of Montreal
- McGill University
- University of Alberta
- University of British Columbia
- Western University
- York University
- Simon Fraser University
- Concordia University
- McMaster University

**Top MBA schools in Europe** 
- Erasmus University Rotterdam
- INSEAD
- University of Amsterdam
- University of St.Gallen
- VU University Amsterdam
- Eindhoven University of Technology
- HEC Paris
- IE University
- Maastricht University
- University of Munich
- 
**Top MBA schools in UK** 
- University of Warwick
- University of Cambridge
- City University London
- Imperial College London
- London Business School
- Lancaster University
- University of Manchester
- London School of Economics and Political Science
- University College London
- University of Nottingham

**Top MBA schools in Australia** 
- University of New South Wales
- University of Melbourne
- Monash University
- University of Queensland
- University of Sydney
- Griffith University
- Queensland University of Technology
- University of Technology Sydney
- Australian National University
- University of Auckland

What are the top MBA schools around the globe?

All about pursuing an international MBA including program structure, fees, course structure, top business schools in USA, Canada, Europe, UK and Australia

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Want to pursue an MBA abroad ? Read our blog to learn everything you need to know about program structures, fees, top business schools for MBA, and more.

MBA Abroad: The Definitive Guide

An MBA is a widely accepted Post-graduate (Master's) degree that aims to impart a strong understanding of business concepts and theory through internships, group assignments, projects, and other practical opportunities to apply classroom learning in real-world situations. An MBA provides fundamental business skills such as leadership, communication, and negotiation, as well as opportunities for worldwide professional advancement and the development of entrepreneurial talents and mindset.

The average duration of full-time MBA programs can range between 1 to 2 years.

If you are a working professional and getting an annual salary of Rs 15 lakh / year. If you go for a 2 year MBA program, your opportunity cost would be Rs 30 lakh.

Accounting, Economics, Corporate Finance, Strategy/Frameworks, Human Resource Management, Organizational Behavior, Leadership, Marketing, and Information Technology are all covered in most MBA programmes.

Typical lectures may be found in MBA programmes. In addition, there are two main approaches that are used in the majority of MBA programmes: Group work and the case study technique.

University of Pennsylvania (Wharton), Stanford University, University of Toronto, University of Montreal, Erasmus University Rotterdam, INSEAD, University of Warwick and University of Cambridge are some of the top MBA schools around the world.

When you are looking to find the right B-school, remember that it’s not all about rankings. It comprises a whole load of other factors such as:

1. International reputation: This is a strong criteria. The better the reputation, the higher the pay packet, the list of contacts and so on.
2. Scholarships: Receiving a full or even partial scholarship certainly helps you decide and fix on your choice of school.
3. Career placement: Helping you look for a job is a key component of any B-school. Many schools have companies coming on campus to interview students. For instance INSEAD and LBS have over 150 companies visiting their campus, many of which are international recruiters.
4. Specialization: After looking at the list of rankings zero down on eight schools. Your list should comprise three top schools, four to five mid level schools and the rest should be chosen from slightly further down the list. Now narrow down your selection based on the various strengths of the school. Match this with your own interest so that you get the right fit.
5. Rankings: These are important but beyond the Top 20 business schools, you should also look at — a school’s accreditation status; one that equips you with skills and knowledge and one that gives you both depth and width as a person.
6. In a nutshell your MBA degree should give you — skills, a good address book and a brand strength in the area you have chosen as your career path.

How do I choose between business schools? 

Now that you have zeroed in on the B-school, you need to know the basics of the often dreaded interview round:

1. Presenting yourself: Wear a suit. It is always good to look business-like. Do not attend the interview in jeans and a sweater.
2. Your body language must be positive: This means that you make eye contact; smile and appear relaxed and confident without appearing aggressive or over self-assured.
3. Be sure of your answers: Most interviewees are asked the common question, “Why are you applying here?’’ Don’t give a glib answer. Many MBA courses offer the same things – classes, internships, placements a good `address’ book, consulting projects and so on. So, you will need to be more detailed in your answer.
- In order to do this, take a hard look at your short-term and long-term goals.
- The former could be, wanting to get into marketing, consulting, financial services, become an entrepreneur, etc. The latter will be your mission in life or where you see yourself in 10 years.
- Now look at what skills you need to achieve your short-term goals – technical skills like accounting or analytical skills such as strategic planning or even interpersonal skills. Put these together and hone in on the strength of the B-school/s you are applying to. Do they meet your needs. How?
-  When you are answering the question, mention the school’s features, its programmes and answer which one is relevant to you and why this is so.
- In short: Start with your short-term goal, follow up with your long-term aspiration, go on to explain how an MBA is necessary to achieve these goals,  and end with the aspects of the school that are relevant to you meeting your goals.
4. Prepare well: The golden rule here is to know where you are going and never to arrive late. So allow extra time for traveling.
5. Know your CV well and be prepared to explain it in detail if you have to.
6. Different styles: Business Schools differ in their interviewing styles. For example Harvard Business School will ask you about your future goals; Stanford on the other hand will focus on your past actions in specific situations; Wharton conducts purely behavioral interviews; Kellogg’s interviews are based on your resume and so on.
7. Trawl the Internet to find out more about the interview style at the school you have chosen.
8. Last but not least, expect the unexpected. Remember that if you want an entry into a particular B-school, the school will need to establish whether it is the right fit for you as well.

How should I face my MBA interview?

- You need to find the right school and the school needs to know it has found the right candidate.
- Most interviewees are asked the common question, “Why are you applying here?’” Don’t give a glib answer. Instead do your homework on the B-school/s you have applied to.
- Know your CV well and be prepared to explain it in detail if you have to.
- Business Schools differ in their interviewing styles. So find out as much as you can about how the B-school you have selected will conduct its interview.

Lessons Learnt

You may have often asked yourself what you should write in your application form to get into top Business Schools.

MBA applications require you to provide loads of paperwork – more than other academic activities.

But before you apply, you need to find the right school and the school needs to know it has found the right candidate.

When your application has been favourably received, you will need to clear the interview round. So, let’s look at both these activities one at a time.

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Are you worried about your MBA interview? Here are some tried-and-true tips to help you breeze through your interview with confidence and calm.

Mastering the MBA Interview

The university's reputation, as well as the financial aid it offers, are essential considerations. Any B-school should be able to assist you in your career search. Many institutions invite firms to interview students on campus. After reviewing the list of rankings, choose eight institutions. Three top schools, four to five mid-level institutions, and the remainder from slightly farther down the ranking should make up your list. Now you may narrow down your choices depending on the school's distinct qualities. Match this to your own interests to find the perfect match.

How do I choose between business schools?

You must have a good body language, which means you must make eye contact, smile, and seem calm and confident without being aggressive or overconfident. Be certain of your responses and maintain your confidence. Interviewers have to go through multiple applications a day and would like straightforward responses, so simply answer what is requested.