Introduction

Many Indian students have a dream of pursuing an MBA in a foreign country, but since most cost of tuition is very high, it usually appears unattainable. The positive point is that you can do this by selecting the correct destination where you can attain an MBA at low cost without having to give on quality. There are a number of countries in the world today that offer MBA programs at affordable prices as well as good career opportunities.

This guide will discuss the most affordable MBA destinations, compare prices, and provide some tips in practical matters that will enable you to pursue MBA abroad at low costs. Being a student or a parent who plans the future of his/her child, this blog will enable you to make an informed and confident choice.

Reasons to Think about an MBA at low cost Abroad?

MBA at low cost is not just about saving money but it is also a strategic investment in your future. Most low-cost destinations provide:

• Good education that has world recognized universities and exposes the student to good academic and industry exposure. 
• International education is more affordable to the Indian families because of lower tuition fees, in comparison with such countries as the USA or UK. 
• Excellent after-study employment opportunities that would enable students to repay their investment by accessing international employment. 
• International exposure which assists the students in developing international business skills and cultural adaptability. 

Being able to pursue a cheap MBA in a foreign country is a sure way to ensure you will have the international experience and not be overly financially strained.

The Best Cheapest MBA Countries Among the Indian students.

The following are the most preferred cheapest MBA countries where one can obtain an MBA cheaply:

Germany - Quality, Low Tuition.

Germany is also significantly considered to be an excellent place to pursue an MBA cheaply.

• The tuition fees in many public universities are minimal or free, and thus it is one of the cheapest places to study. 
• Germany is a well developed economy with good employment opportunities of MBA graduates in industries. 
• A number of colleges have English-based programs and, as a result, international students find it easier to settle. 

Average cost of studying in Germany The average tuition fees are EUR0-EUR15000/annum, whereas, the estimated cost of living is EUR10000-12000/annum. 

Germany is the right choice among the students who want to find MBA at low cost in a foreign country and high ROI.

France - Cheap yet International Exposure.

France provides very good balance between cost and international business coverage.

• France has internationally ranked business schools, which are reputed by the highest employers over the world. 
• Students have good networking opportunities both within Europe and their career chances are increased. 
• The cost of studying abroad can be cut by using scholarships and financial aid opportunities. 

The most common prices of studying in France are between EUR10,000 and EUR25,000 tuition fees and the estimated cost of living in France is about EUR9,000-EUR12,000 annually. 

France is a good alternative in case you would like to pursue MBA at low cost and at the same time establish a global network.

Canada - Fairly Fair and good ROI.

Canada is one of the countries where students prefer to have an affordable MBA overseas with good career prospects.

• Canada has a good employment market that MBA graduates would get a chance to work in various industries. 
• The post-graduation work permit will enable students to work and remain in the country a maximum of three years after graduating in their MBA. 
• It has a favorable quality of life and safe environment especially to international students. 

The cost of education in Canada varies across the board with an average fee of CAD 20,000 to CAD 40,000 depending on the particular university and also the estimated living cost is roughly CAD 10,000 to CAD 15,000 per annum. Canada offers one of the highest returns on low cost MBA.

Australia - Scholarships and Flexibility

Another country where you can study MBA at low cost through the assistance of scholarships is Australia.

• Australian MBA programs are dynamic and incorporate the exposure in form of internships and industry projects. 
• The high rate of employability would mean that students are able to gain employment on graduation. 
• Several scholarships are offered, which are used to defray the cost of tuition and it is less difficult to undertake a low cost MBA overseas. 

Mean expenses to study in Australia include fees of between AUD 25,000 and AUD 45,000 as the average tuition fees, and the estimated living costs are estimated at an average of AUD 15,000 to AUD 20,000 annually. 

UAE (Dubai) - Economical and easygoing.

Dubai is becoming one of the low cost MBA nations among Indian students.

• A culturally familiar environment will make the Indian students more relaxed since Dubai has a familiar culture. 
• The courses offered in the MBA programs last less time and this lowers tuition fees as well as living costs. 
• The expenses of living are within reach. 

The average cost of education within the UAE (Dubai) varies between AED 30 000 and AED 70 000 in terms of tuition fees and the estimated cost of living is around AED 25 000-40 000/per year.

MBA Fees Comparison Abroad

To give you an idea, a brief MBA fees comparison in foreign countries is presented below:

• Australia: AUD 25000 and AUD 45000 will be the tuition fee, AUD 15000 and AUD 20000 annually will be the cost of living.

• Germany: Tuition fees are between EUR0 0 EUR15,000 and the annual living expenses of the country is about EUR10,000 0 EUR12.000, which is a high investment payoff to students.
• France: 10,000 to 25,000 (Euro) tuition fee with an approximate standard of living of EUR9,000-EUR12,000/year, therefore, this is a high ROI destination.
• UAE: Tuition fee will be around in the UAE. AED 30000 and AED 70000/ year and the cost of living will be AED 25000 and AED 40000.
• Canada: CAD 20,000 to CAD 40,000 tuition fees. Apart from this, cost of living will be 10000 to CAD 15000 per year. 

Our MBA fees comparison in foreign countries demonstrates that it is not difficult to find an MBA at low cost with appropriate planning.

How to Study MBA Abroad cheap: Real Life Advice?

In case you are intending to pursue MBA at low cost, adhering to the correct procedure would enormously save you on the overall cost, but still with a good education. The following are some of the practical and effective approaches:

Choose Public Universities

Public universities are usually cheaper than the private institutions and thus when a student desires to undertake the MBA at cheap cost without compromising on the quality of learning, then the university is an effective choice.

Apply for Scholarships

Numerous governments and universities have merit or need-based scholarships, which can significantly lower the overall price of an affordable MBA program in a foreign university.

School of Shorter MBA

One-year or accelerated MBA programs would allow you to conserve on tuition and other living costs and therefore, they would be easy to control your budget.

Part-Time during Studies

In the majority of countries, international students have an opportunity to work part-time, and this will contribute to meeting their daily needs and minimizing the financial burden during their study abroad.

You should Plan Your Applications Early

Early application gives you a higher chance of securing scholarships, preferable university choice and easier visa application which will eventually enable you to pursue MBA abroad at low costs. 

Why Gateway Educonnect is your Relied Partner.

A decision on the country and university must be taken with professional help and that is what Gateway Educonnect will do.

Having 15 years of experience and having guided 23000 + students, we provide:

• Individual guidance that assists the students in the selection of the most appropriate country and university in regards to their financial capability and ambitions. 
• Full sponsorship of education loans, lodging, and visa procedures in order to make it easy to travel. 
• Single-click application system in which you can apply to world universities within 100 seconds. 
• Have instant offer letters within 24 hours, which allows you to save time and plan quicker. 
• Cashback of up to 2499, and your MBA at low cost will get even cheaper.

FAQs: MBA at Low Cost No 1 Indian Students.

What is the MBA at low cost to Indian students?

Germany is ranked as one of the cheapest countries of MBA because of low or no tuition fees in Germany.

Is it possible to study MBA in a foreign country with a small budget?

Yes, you can have an easy time doing the MBA at low cost in other countries through proper planning and scholarships.

How much is the average cost of the MBA in foreign countries?

You can get MBA abroad at a low price of ₹10-25 lakhs depending on the country.

How do I cut the cost of MBA in foreign countries?

Some of the ways to cut costs include selecting cheap countries, taking out scholarships and part-time work.

Conclusion

Studying MBA in a foreign country does not have to be financially draining as long as you make the appropriate choice and strategize. Indian students can now readily locate MBA at low cost that will expose them to the world and have high career prospects, by choosing Germany, France, Canada, Australia, and Dubai. Knowing the MBA fees comparison in abroad, how to apply the scholarships, and what university to attend can save you a lot of money. In case you are planning to pursue MBA at low cost, professional advice can help in the process. Gateway Educonnect is the one that will make you realize your dream of studying abroad with confidence and clarity.

Get your free study abroad consultation with Gateway Educonnect. Use Gateway Educonnect to apply and have a hassle free admission process. 

Ready to study abroad? Get Gateway Educonnect to point you in the right direction. Free Consultation in the Book so book your appointment and speak with our expert. For more assistance please visit us study abroad consultancy, and avail of our wide range of services for students on destinations like study in USA, study in UK, study in Canada, study in Australia, study in ireland and many more country.

Author Bio

Abhinav Jain - Founder, Gateway Educonnect and Director.

B.Tech, MBA, AI and Global Education Specialist.

More than 15 years of professional experience in leading students along international routes based on politics and innovation.

Connect: https://www.linkedin.com/in/abhinavedysor/