MBA – UK

Eligibility

Bachelor Degree:

Most UK universities accept the three-year graduation system for entry into the MBA
programme. So, if you have a three-year bachelor degree like Bachelor of Arts (BA),
Bachelor of Commerce (BCom) or Bachelor of Science (BSc), this is acceptable as it
is considered equivalent to a British Bachelor (Ordinary) Degree.

However, some universities may require an Honours degree. This is usually

equivalent to B.Com. (H), B.Sc. (H) or afour year degree course like B.E.

For most good Universities, a good first degree from a leading university in India or
its equivalent is essential.

There are some universities that accept students for the MBA without a bachelor
degree if they have considerable work experience and significant professional
achievements.

Work Experience:

Most UK universities require a minimum of two to three years of work experience.

This is essential.

AMBA Accredited MBA Programs:

All AMBA accredited MBA programmes require a minimum of three years of full-time
work experience.

No Work Experience:
There are around five to six UK universities that accept students who have no
experience for direct entry into the MBA programme.

There are many colleges in UK that offer University affiliated MBA programs. They
are much cheaper than University MBA Programs. However, they have very small
campuses and very limited resources and faculty. It may be a good idea to research
these institutes well before you apply to ensure that you do not end up applying to
schools that are not recognized.

GMAT:

GMAT is accepted and recommended by many universities. However, most UK

universities are flexible about this criterion and this is not a mandatory requirement
for most UK business schools. So, unless, you aiming for schools like London
Business School or Manchester Business School, you need not worry about the
GMAT.

TOEFL/IELTS:
You need to take either the TOEFL or IELTS for admission to an MBA program in U.K.
This is required for almost all universities. This mandatory for most schools even if
you have studied in English medium throughout.

Some schools waive this criteria after a personal interview.

Average Cost

MBA in UK has lots of financial benefits:

• Most universities in UK offer a One-year MBA

• Access to National Health Centre; which is free for students registered on
courses of six months or longer
• Free school education for registered dependent children

Expenses (In Pound Sterling) (approx.)

Average Tuition Average Living Total costs per
Fee Costs year
Medium-cost
9,000 - 12,000 6,000 15,000 - 18,000
Universities
High-cost
12,000 - 18,000 6,000 18,000 - 24,000
Universities
Low-cost Private
5,000 5,000 10,000
Colleges

For all the cost data above,

• Fees given are averages

• All costs are given in Pound Sterling (Current Rate – Rs. 74)
• Living costs include accommodation, Energy bills, food etc.
• Costs are according to 1999 session

There are many small and private colleges, especially around London that offer low
cost MBA programmes to international students. Many of these colleges have
university affiliated MBA degree programme. These colleges offer a low-cost
alternative to international students.

Please note that these colleges do not have university like campuses and do not offer
the same quality of infrastructure, facilities and faculty as the bigger universities.

These are the average living expenses. Many international students manage to live in
as less as 4000 pounds a year. Most students prefer off-campus accommodation
which they share with other international students, thus saving housing costs to a
big extent.

MBA – USA

Eligibility

Undergraduate Degree:

Almost all US universities require 16 years of undergraduate education. That is, four
years of education after High School/Junior College.

If you have a three year degree from an Australian, Indian, New Zealand university
or such similar three year degree programs, you will not be eligible for admission to
most MBA programs. You would require a professional four-year degree like
engineering or other such courses.

Three year Graduates

If you have completed a three-year degree program like BSc, BA, BCom from an
Australian, Indian, Pakistan, Bangladesh, New Zealand, Sri Lankan universities, the
advisable plan of action to maximize eligibility for US business schools is to do a Post
Graduate degree like MSc, MA or Mcom, before applying to business schools in USA.

A one-year university affiliated program will make up for the fourth year required.
The key point is to ensure that the program that you do is a recognized university
program.

IMPORTANT :

• Professional programs like the CA, ICWA, part time diplomas from a university
such as those in management, communication may or may not be accepted,
though most MBA programs now accept the Indian CA qualification in lieu of
the fourth year graduation.

• Independent certificate courses offered by private institutions like Aptech,

NIIT, etc. will most likely not be accepted. The decision is based on each
university’s individual evaluation.

• One-year education of a two-year degree course (like M.Tech., M.A. etc.) may
not be accepted by most schools. The full course has to be completed for
qualification, unless there is a recognized university examination at the end of
one year.

Note: No standardized policy exists regarding the acceptance of such programs.

Some universities may accept the three-year Graduation Degree for a few programs.
But keep in mind that preference will be given to candidates with 16 years of
undergraduate education.

Work Experience:

Most US universities recommend/require a minimum of two to three years of work

experience. Though some universities may accept you without any work experience,
preference will be given to candidates with work experience.

GMAT:

GMAT is required for almost all universities in US. It is also one of the most
important criteria for admissions. If you are planning to study in a US business
school, you must score high in this exam.

Note:
For international students, GMAT is required not just for admission but also for
student visa. Your chances of getting a student visa to US are weakened if you do
not take the GMAT, even if you have an admission from a business school.

TOEFL:

This is required by almost all universities in US. It is a fairly simple exam for most
students who have studied in English medium throughout. The minimum scores
required for most universities range from 550 to 600 on the paper based TOEFL and
213 to 250 on the computer based TOEFL.

Average Fee

Tuition Fee

US business schools fall under two major categories:

- public (state supported), and
- private (independent) institutions.

International students’ tuition expenses at state schools are based on nonresident

costs, which are still usually less expensive than those of private universities.

It is important to note that the cost of a program in a US school does not necessarily
affect its quality.

A brief idea can be got from the following table (Current Rate – Rs. 46):

University Type Tuition Fees (annual in U.S. Dollars)

Private School (High Cost) $ 30,000
Private School (Low Cost) $ 15,000
State School (High Cost) $ 20,000
State School (Low Cost) $ 10,000
The tuition fee is different for different universities and varies widely with courses. It
can vary from as low as $ 8000 a year for state universities to as much as $ 35000
per annum for some private universities.

For example, Colorado Technical University offers the MBA program for less than US
$ 10,000 a year, while many top schools like Harvard Business School and Wharton
Business Schools have a fee structure of around US $ 30,000 per year.

For more specific details, please check out the university websites or contact the
universities.

Living Expenses

The approximate annual living expenses during the MBA program is about $12,000,
which includes accommodation as well as other daily expenses.

However, the expenses are different for different people depending on the lifestyles
and this is just a rough idea. The main expenses can be split up as:

$ 400 per month

Rent (you can live alone with that amount in a place like Auburn or
share an apartment with 6 people in NY)
Groceries $ 150 per month
Utilities $ 150 per month
Phone $ 100 per month (if careful with international calls)
Sundry $ 200 per month

So, about $1000 per month is a good estimation. Mostly people can survive between
$700-$1000 a month.

The key here is to share apartments/houses so that you save on the utilities, fixed
charge portion of phone and to some extent on groceries.

MBA – Australia

Eligibility

Bachelor Degree:

Most Australian business schools accept the three-year graduation system for entry
into the MBA programme. So, if you have a three-year bachelor degree like Bachelor
of Arts (BA), Bachelor of Commerce (BCom) or Bachelor of Science (BSc), this is
acceptable as it is considered equivalent to an Australian Bachelor (Ordinary)
Degree.

For most good Universities, a good first degree from a leading university in India or
its equivalent is essential.
There are some universities that accept students for the MBA without a bachelor
degree if they have considerable work experience and significant professional
achievements.

Work Experience:

Most Australian business schools require a minimum of two to three years of work
experience. This is essential.

AMBA Accredited MBA Programs:

All AMBA accredited MBA programmes require a minimum of three years of full-time
work experience.

No Work Experience:
There are around five to six Australian business schools that accept students who
have no experience for direct entry into the MBA programme.

GMAT:

GMAT is accepted and recommended by many universities. However, many

Australian universities are flexible about this criterion and this is not a mandatory
requirement for admission to many Australian MBA programmes.

So, unless, you aiming for top schools like Melbourne Business School, you need not
worry about the GMAT.

We would however recommend you to take GMAT and improve your chances in good
universities.

TOEFL/IELTS:

You need to take either the TOEFL or IELTS for admission to an MBA program in
Australia. This is required for almost all universities. This mandatory for most
business schools even if you have studied in English medium throughout.

Some schools waive this criteria after a personal interview.

IMPORTANT: IELTS is compulsory requirement for Australian student visa for

students from India, Pakistan, Bangladesh, Sri Lanka and many other countries. So
even if you get an admission without IELTS score, you will not get a student visa
without IELTS score.

Average Fee

Education in Australia has financial benefits:

There are many One-year MBA Programs. Thus you can save on living costs and
tuition fees.
Expenses ( In US $ )

Median Total Package Average Annual Living Costs

Tuition Fees

10,525 25,470

For all the cost data above,

• Fees given are averages

• All costs are given in U.S. Dollars (Current Rate – Rs. 46)
• Living costs include accommodation, Energy bills, food etc.
• Costs are according to 1999 session

MBA – Canada

Eligibility

Undergraduate Degree:

Almost all Canadian Business Schools require 16 years of undergraduate education.

That is, four years of education after High School/Junior College.

If you have a three year degree from an Australian, Indian, New Zealand university
or such similar three year degree programs, you will not be eligible for admission to
most MBA programs. You would require a professional four-year degree like
engineering or other such courses.

Most business schools in Canada require a minimum GPA of 3.0 - 3.5 (More than
70%) for admission to the MBA program.

Admissions to Canadian business schools are extremely competitive.

Three year Graduates

If you have completed a three-year degree program like BSc, BA, BCom from an
Australian, Indian, Pakistan, Bangladesh, New Zealand, Sri Lankan universities, the
advisable plan of action to maximize eligibility for US business schools is to do a Post
Graduate degree like MSc, MA or Mcom, before applying to business schools in
Canada.

A one-year university affiliated program will make up for the fourth year required.
The key point is to ensure that the program that you do is a recognized university
program.

IMPORTANT :
 • Professional programs like the CA, ICWA, part time diplomas from a university
such as those in management, communication may or may not be accepted,
though most MBA programs now accept the Indian CA qualification in lieu of
the fourth year graduation.

• Independent certificate courses offered by private institutions like Aptech,

NIIT, etc. will most likely not be accepted. The decision is based on each
business school’s individual evaluation.

• One-year education of a two-year degree course (like M.Tech., M.A. etc.) may
not be accepted by most business schools. The full course has to be completed
for qualification, unless there is a recognized university examination at the end
of one year.

Note: No standardized policy exists regarding the acceptance of such programs.

Some business schools may accept the three-year Graduation Degree for a the MBA
program. But keep in mind that preference will be given to candidates with 16 years
of undergraduate education.

Work Experience:

Most Business Schools in Canada recommend/require a minimum of two to three

years of work experience for admission to the MBA program. Though some business
schools may accept you without any work experience, preference will be given to
candidates with work experience.

GMAT:

GMAT is required for most MBA programs in Canada. It is also one of the most
important criteria for admissions. If you are planning to study in a Canadian business
school, you must score high in this exam. For more information on GMAT, check out

Note:
For international students, GMAT is required not just for admission to the MBA
program but also for student visa. Your chances of getting a student visa are
weakened if you do not take the GMAT, even if you have an admission from a
business school..

This is because the visa officers assume that the student is not serious if he/she has
not taken the GMAT. You would be looked at as a potential immigrant if they don't
consider you to be a serious student

TOEFL:
This is required for admission to almost all MBA programs in Canada. It is a fairly
simple exam for most students who have studied in English medium throughut. The
minimum scores required for most universities range from 550 to 600 on the paper
based TOEFL and 213 to 250 on the computer based TOEFL.

IELTS score is acceptable to most business schools in lieu of TOEFL.

Average Fee

TUITION FEE (In Canadian Dollars)

The tuition fee ranges from CDN $ 10,000 per year to $ 25,000 per year. In some
schools, it goes upto CDN $ 35,000 for the entire program.

For more details about the tuition fee of the MBA program of each business school,
check out: Business Schools in Canada

LIVING EXPENSES (In Canadian Dollars)

Accommodation:

Average cost of accommodation in Canada is about CDN $ 400-800 per month.

Type Expenses

School-Provided Homestays $ 400 - $800 per month

School-Provided Residence/Dormitory $3000 - $7500 per year

Off Campus Housing $250 - $ 750 per month

Other Expenses:

The living expenses range from CDN $ 7,200-11,000 per year. The expenses are
high in big cities like Montreal and Vancouver.

However, the expenses are different for different people depending on the lifestyles
and this is just a rough idea. The main expenses can be split up as:

Type Expenses

Books & Supplies $ 1000 per year

Groceries $150 - $200 per month

Utilities & Sundry $300 per month

Current Rate – Rs. 44.5

MBA – New Zealand

Eligibility

Bachelor Degree:

Most New Zealand universities accept the three-year graduation system for entry
into the MBA programme. So, if you have a three-year bachelor degree like Bachelor
of Arts (BA), Bachelor of Commerce (BCom) or Bachelor of Science (BSc), this is
acceptable as it is considered equivalent to a New Zealand Bachelor (Ordinary)
Degree.

However, some universities may require an Honours degree. This is usually

equivalent to B.Com. (H), B.Sc. (H) or a four year degree course like B.E.

For most good Universities, a good first degree from a leading university in India or
its equivalent is essential.

Work Experience:

Most New Zealand business schools require a minimum of three to four years of work
experience for admission to the MBA program. This is essential.

There are almost no good options for students, looking for an MBA program in New
Zealand that does not require work experience.

GMAT:

GMAT is accepted and recommended by some New Zealand universities for

admission to the MBA program. Check the table below for more details:

TOEFL/IELTS:

You need to take either the TOEFL or IELTS for admission to an MBA program in New
Zealand. This is required for almost all business schools. This mandatory for most
schools even if you have studied in English medium throughout.

For more details, check out the list of business schools in New Zealand:

TOEFL
Work
University /IELTS GMAT score
experience
score
University of Auckland Required Min. 550 .Min. 5 years

575/237
Victoria University of Wellington Required Min. 5 years
6.5
Min. 233
Massey University Optional .5 years
6.5
600/250
University of Canterbury 600 .Min. 5 years
7
600/280
University of Otago 550 .Min. 3 years
6.5
Min. 580
University of Waikato - Min. 3 years
6.5

Average Fee

Tuition Fee

The tuition fees is different for different universities. We have listed here the
approximate tuition fee. For more specific details, please contact the universities.

Tuition Fee
University Program length
(Full Course)
University of Auckland 24 months NZ $ 31,128
Victoria University of Wellington 16 months NZ $ 31,000
Massey University 12 months NZ $ 18,504
University of Canterbury 15 months NZ $ 39,400
University of Otago 16 months NZ $ 25,500
University of Waikato 12 months NZ $ 28,125

Living Expenses

The approximate annual living expenses are about NZ $ 12,000, which includes
accommodation as well as other daily expenses.

However, the expenses are different for different people depending on the lifestyles
and this is just a rough idea, based on the recommendations on the university
websites.

Current Rate – Rs. 33.6