Top 25 affordable business schools around the world

An MBA from a B-School is one of the most widely pursued programs by students internationally with over a quarter of a million students worldwide pursuing an MBA. However, the cost of MBA courses overseas has climbed by 4.7 percent in the last year despite COVID, according to the BusinessBecause Cost of MBA Report 2021, and the usual average fees for MBA abroad can cost anywhere between $55K to $161K depending on the university and country.

If you are also planning to do an MBA and would like to know about affordable business schools around the world then this article will definitely give an insight into it. Finding a low-cost MBA in another country for Indian students might be challenging, but do not worry as we are here to help you with a list of the affordable business schools to study MBA for Indian students

Now when comparing top B schools in India such as IIMs, XLRIs, FMS, etc to B schools overseas, these Indian B schools are substantially less expensive for MBA. But since this article is on affordable business schools around the world, we'll list out some of the best and most affordable business schools from different countries.

Which is the best country to study MBA at a low cost?

Enrolling in universities that offer a low-cost MBA abroad is not the only way to get a low-cost MBA abroad, the country you study in will also have an influence on the cost. Likewise, countries like the USA, UK, etc which are considered to be the best for MBA degrees have not made it to our list because of the high fee and living expenses in these countries. 

The cheapest country to study MBA for Indian students is listed below: 

• Canada
• Germany
• Norway
• Ireland
• Netherlands
• France
• Singapore

Canada

In recent years, Canada has become one of the most preferred education abroad destinations for many Indian students who aspire to pursue an MBA overseas. The main reason for this is that Canada not only offers world-class education but at much lower costs.

The Canadian Government also offers benefits like scholarships and bursaries to students. As per Canadian legislation, students are required to fulfill certain eligibility criteria in order to study in Canada. Students are required to deposit their one year’s living expenses into a GIC account. 

Tuition Fee	Cost of Living	Top B-schools
CAD 30,000 - CAD 32,000/year	CAD 1,000 per month	Memorial University of Newfoundland University of New Brunswick Laval University University of Victoria McMaster University

Germany

Germany is considered the cheapest country to study abroad for Indian students. It is because students do not have to worry about paying high tuition fees. 

Tuition Fee	Cost of Living	Top B-schools
€ 19,000 to € 45,000/year	€850 per month	Johannes Gutenberg University University of Bayreuth Ludwig Maximilians University Munich Esslingen University of Applied Sciences Offenburg University of Applied Sciences

Norway

Norwegian universities are publicly funded and they do not charge tuition fees. This is applicable to all the students i.e. Norwegian students as well as international students.

Tuition Fee	Cost of Living	Top B-schools
No Tuition Fee	NOK 12,352 per month	BI Norwegian Business School NHH - Norwegian School of Economics The Norwegian University of Science and Technology University of Oslo University of Agder

Ireland

Ireland is one of the best countries to study MBA at a low cost for international students. Ireland B-schools are offering cheaper yet equally competent alternative MBA programs.

Tuition Fee	Cost of Living	Top B-schools
€8,000 - €30,000 /year	€590 - € 1,000	University College Dublin Trinity College Dublin University College Cork University of Limerick Dublin City University

Netherlands

For the previous three years, the Netherlands has ranked 10th in the world in terms of MBA applicant popularity, according to QS.

Tuition Fee	Cost of Living	Top B-schools
€12,000 - €54,000/year	€800 – €1,100 per month	University of Amsterdam Maastricht University Erasmus University Rotterdam Nyenrode Business University Hanze University of Applied Sciences

France

Enrolling in a public institution qualifies you for a two-thirds fee remission from the state, making France one of the top study destinations in the world for international students. This would reduce the cost of your MBA program even further.

Tuition Fee	Cost of Living	Top B-schools
€14,930 - €89,000/year	€600 to €800 per month	HEC Paris  INSEAD - Europe Campus EMLYON Business School ESSEC Business School EDHEC Business School

Singapore

Singapore's business schools have minimal admissions requirements and provide an affordable MBA degree. It also has five of Asia's best universities, according to the Times Higher Education World University Rankings.

Tuition Fee	Cost of Living	Top B-schools
SD 28,000 - SD 72,000/year	SD 1,400	Nanyang Technological University National University of Singapore Singapore University of Technology and Design Singapore Management University  James Cook University

I hope this article helped you in getting the idea of affordable business schools around the world. If you think we missed out on any of the affordable business schools, you are most welcome to share with us in the comments section below.

Students willing to study abroad mostly look out for education loans to fund their education. In order to fund and support yourself in the country by taking an education loan, connect with our team at WeMakeScholars as we offer the best education loan deals in the market. 

We connect you with the best lenders and our financial team will also assist you with the education loan procedure. So, connect with our team and you will get a call soon.