Masters of Business Administration (MBA) includes an array of subjects and careers. This is probably the most fancied course among students who aspire to become
For those who wish to get back to their working life soon, the 1 - year program offered by many European universities would be ideal. On the other hand, most of the US universities offer the traditional 2- year program. Depending on the convenience and affordability of the students to stay away from the job market, MBA is divided into different categories such as -
Business schools require you to give the GMAT which forms the most important part of your application. Few universities also accept GRE scores in place of GMAT scores. They also require a minimum 2-3 years of work experience (depending on the program you intend to join). IELTS or TOEFL is compulsory for acquiring student visa and as a proof of English proficiency. However, for Executive MBA, only the students with high level of managerial experience (five years minimum; ten years total work experience on average) are eligible to apply.
The main purpose of MBA is to enlighten students in the fields of Accounting, Marketing, Human Resources and Operations Management. Various subjects include:
Specialization Topics include:
Although the fees vary from university to university, the average tuition cost for MBA in the US are $30,000/year. Average living costs vary upto $8900/year. Tuition fees are around C$28000 in Canada. In Australia, average tuition costs are A$38000 / year and the average living costs are A$8,500/year. For Executive MBA students have some or all of their tuition covered by their current employers.
|COUNTRY||AVERAGE SALARY||MEDIAN SALARY|
|United States||$42,228 - $126,658||$73,190|
|United Kingdom||£25,120 - £68,948||£38,904|
|Singapore||S$50,418 - S$202,304||S$77,564|
|New Zealand||NZ$56,394 - NZ$142,880||NZ$80,314|
|Netherland||€22,257 - €123,142||€58,958|
|Ireland||€35,802 - €88,232||€54,963|
|Germany||€34,905 - €110,126||€63,285|
|Canada||C$44,252 - C$108,364||C$72,251|
|Australia||AU$58,155 - AU$146,553||AU$90,377|