One of the most pursued courses in the world is the MBA or Master of Business Administration. By Pursuing an MBA degree, students can perform well in business life. In this article, you will know about 19 cheapest countries to study MBA.

A Master of Business Administration degree (MBA) is in some areas such as accounting a prerequisite for employment at higher levels. Without it you are unlikely to be considered for a position at many companies.

But along with this requirement also come greater rewards. An MBA with an accounting bias can help you land a much higher salary. According to Monster finance is one of the highest paying MBA areas with an average mid-career salary in the region of $121,000.

But as with all MBAs, the school at which you study can have a huge impact on how your final degree will be considered with some schools being far more respected than others. You also have to decide whether you can afford the time and money required to study full time or if you would like to do an online course.

5 Reasons to Study for an MBA

Full-time studies, however, are generally more respected by employers and you will also have the opportunity to network with many other like-minded professionals which can be a real help as you progress through your career.

Additionally, MBA programs foster a strong professional network, facilitating valuable connections. Lastly, in an ever-evolving business landscape, the practical knowledge gained through an MBA program is crucial, providing graduates with a competitive edge in their careers and even in entrepreneurship.

1. Acquire new skills and new perspectives.

2. Advance your career.

3. Increase your earning potential.

4.Open up global employment opportunities.

5. Grow your professional network.

Cheapest Countries to Study MBA

Cheapest Countries to Study MBA

1. Germany

German government bears all the financial costs of public universities. That’s why the university authority does not take any tuition fees from students as their educational expenses.

But in Germany students have to pay a fixed amount of money as an administration fee. In return, the university provides them a card to visit the university’s local state free of cost. Germany is the cheapest country for MBA.

2. Norway

In Norway, public universities do not charge tuition fees from local or international students. But students only have to pay a fixed amount of money as semester fees of around €40 to €80 per semester.

In return, this semester fee will give you a membership to the student union and it will also give you counseling and sports facilities, health services. Norway is one of the cheapest countries for MBA.

3. Iceland

In Iceland, public universities do not charge tuition fees from EU or non-EU students. In Iceland, public universities only charge the administration fee. But in Iceland, private universities charge tuition fees from both EU and non-EU students.

4. Malaysia

Malaysian universities provide quality education to students and its MBA courses are quite affordable as compared to other countries.

In Malaysia, the overall expenses are less and the tuition fees are less as compared to other countries like the USA, the UK, Singapore, Australia.

5. Sweden

Students who have Swedish citizenship, permanent Swedish residence permit, or temporary Swedish residence permit are not required to pay application or tuition fees.

If you also have citizenship in a European Union (EU) country, European Economic Area (EEA) country, or Switzerland, then you are not required to pay application or tuition fees.

6. India

India is home to a number of top-ranked business schools, and the cost of an MBA program can be quite affordable compared to other countries. Many programs in India offer scholarships and financial aid to help cover the cost of tuition.

7. Thailand

Thailand is another country with a number of affordable MBA programs. The cost of living in Thailand is relatively low, which can help offset the cost of tuition.

8. Vietnam

Vietnam has a growing economy and a number of top-ranked business schools, making it a great destination for MBA study. The cost of living in Vietnam is relatively low, which can help make an MBA program more affordable.

9. Indonesia

Indonesia is another affordable destination for MBA study, with a number of top-ranked business schools and a low cost of living. Indonesia is another Southeast Asian country with a number of affordable MBA programs. The cost of living in Indonesia is relatively low, which can help offset the cost of tuition.

10. China

China is home to a number of top-ranked business schools, and the cost of an MBA program can be quite affordable compared to other countries. Many programs in China offer scholarships and financial aid to help cover the cost of tuition.

11. Philippines

The Philippines is another affordable destination for MBA study, with a number of top-ranked business schools and a relatively low cost of living.

12. Brazil

Brazil is a large country with a growing economy and a number of top-ranked business schools. The cost of an MBA program in Brazil can be quite affordable compared to other countries.

13. Russia

Russia is another affordable destination for MBA study, with a number of top-ranked business schools and a relatively low cost of living.

14. Poland

Poland is a European country with a number of top-ranked business schools and a relatively low cost of living.  However, there are a number of countries around the world that offer affordable MBA programs.

15. Romania

Romania is another European country with a number of affordable MBA programs. The cost of living in Romania is relatively low, which can help offset the cost of tuition.

16. Bulgaria

Bulgaria is another European country with a number of affordable MBA programs. The cost of living in Bulgaria is relatively low, which can help offset the cost of tuition.

17. Ukraine

Ukraine is another affordable destination for MBA study, with a number of top-ranked business schools and a relatively low cost of living.

18. Georgia

Georgia is a country located at the crossroads of Europe and Asia, with a number of top-ranked business schools and a relatively low cost of living.

19. Kazakhstan

Kazakhstan is another affordable destination for MBA study, with a number of top-ranked business schools and a relatively low cost of living.

At a glance, 5 Cheapest Countries to Study MBA.

1. Germany
2. Norway
3. Iceland
4. Malaysia
5. Sweden
6. India
7. Thailand
8. Vietnam
9. Indonesia
10. China
11. Philippines
12. Brazil
13. Russia
14. Poland
15. Romania
16. Bulgaria
17. Ukraine
18. Georgia
19. Kazakhstan

An MBA, or Master of Business Administration, is a valuable pursuit for several reasons. Firstly, it equips individuals with essential leadership, management, and strategic skills, which are highly sought after in the professional world. Secondly, an MBA can significantly boost earning potential and career advancement prospects, making it a worthwhile investment.

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Read More

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  2. 10 Best European Countries to Study Abroad
  3. 10 Best Countries to Study MBA Abroad
  4. 5 Best European Countries to Study Masters Degree

About Author


Rubayet Al Sami

Rubayet Al Sami is the founder of StudyConnexion. He loves to write about higher education and study abroad. You’ll often find him helping others study abroad.