MBA In Abroad Countries
More and more candidates are looking to take admission in UK for being the reason is the short duration of the course of only one year. Large number of accredited colleges and institutes is In UK. In USA the course tenure is nearly one and half years. So educational cost in terms of finance for doing MBA programs in UK is much lower than USA, while UK institutions having an edge in reputation, best faculty and specialization.
MBA can be classic general MBA or a specialist qualification in the respective field. It can be complicated either via full time or distance learning programs. General MBA includes specialization in marketing management, financial management, computer management and human resource management. Many of the programs/courses include engineering management, Agri-business, retail management, supply chain management, automotive management, sports management, production management, insurance management, transport management and telecommunication management. Entrance requirement for admission is an honors degree or professional equivalent. Candidates must complete minimum 4 year professional degree programs post graduate programs form any recognized college.
At minimum of 3 years of managerial work experience is required for taking admission. This is not compulsory in all business schools. In USA students with 6 months to one year experience are also eligible to take admission. TOFEL score of 600 for USA and IELTS 6.5 band level for UK. Average MBA package across the globe reflect that the student with MBA degree from abroad countries get more salary when compared to those who study their MBA from Asian countries. Average MBA package in UK is 108370 US dollars. Whereas in India it is approximately 25000 US dollars. In Canada and US it is 90000 US dollars and the global average salary 37000 US dollars.
While comparing MBA from India and abroad, foreign MBA is costly in term of academic fee and living, But it benefited the student in the form of better career prospects and management skills. There is no restriction for age in for taking admission, but experience of around one year in the related field is required for pursuing MBA from abroad. Different modes of financial aid like scholarship, assistance, fellowship, and part time work are available to meet the increasing financial needs. A candidate can complete MBA within one year from UK whereas form united state it will take minimum 18 months, but research MBA in UK requires two years.
Major eligibility criterion for joining MBA courses in abroad are appearing and passing the TOFEL/IELTS/GMAT/GRE entrance exams. Entrance to MBA colleges will be done on the basis of marks obtained by above entrance exam scores, other requirement are Valid Indian passports, work experience and its duration certificate.
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