MBA: The Why, The Whats & The Hows

MBA in Abroad for Indian Students at Low Cost: Find 10 Best Cheap MBA Colleges Abroad

Yocket Editorial Team

Studying an MBA abroad with low fees is every student's dream. And there is nothing like overseas countries offering MBA abroad at low cost. A 2020 survey conducted by the Graduate Management Admission Council (GMAC) stated that 81 per cent of Indian students want to study abroad, up from 76 per cent in 2022. India's top choices for an MBA abroad programme include the US, Australia, Canada, and New Zealand.

What if we tell you that you can fulfil your dream of studying an MBA abroad, that too at cheap MBA colleges abroad! Don’t believe us? Keep reading as we make you familiar with some of the best foreign MBA colleges with low fees! 

Table of Contents :

Cost of Studying MBA Abroad 

An MBA is perhaps the most popular degree among students aspiring to be top-tier corporate leaders. Management is admired for its high return on investment and relevance in today's globalised society. From the lowest fees for MBA in abroad to various domains covered, students have options to choose and seek admission at various cheap MBA colleges abroad. 

Let us now move on to discover the cost to study MBA in various countries abroad: 


Average Tuition Fees for International Students per Annum

Average Tuition Fees for International Students per Annum (in INR)


39,000 AUD



30,000 CAD 


New Zealand 

31,000 NZD 



5,000 EUR 



10,000 USD 


Suggested: Top 20 Business Schools in the World!

List of 10 Cheap MBA Colleges Abroad 

Let us straightaway move on to discovering the list of cheap and best MBA colleges abroad: 

  • Memorial University of Newfoundland, Canada 
  • University of Victoria, Canada 
  • University College of Birmingham, UK 
  • Technical University of Munich, Germany 
  • University of Tuebingen, Germany
  • Kaplan Business School, Sydney 
  • IIBIT, Sydney 
  • Deusto Business School, Spain 
  • EAE Business School, Spain

Moving on, let us briefly understand each of these foreign MBA colleges with low fees: 

1. Memorial University Of Newfoundland (MUN), Canada

One of Canada's top MBA colleges abroad with low fees, Memorial University of Newfoundland (MUN) is ranked among the top best universities. Due to its low tuition fees and consistent training techniques, MUN is the cheapest university in Canada for international students seeking an MBA. This university has four St. John's, Grenfell, and Harlow campuses. It provides a variety of academic programmes in an urban setting and some of the most affordable courses in Canada. Also, the university is regarded as one of the cheapest and best MBA colleges abroad. 

QS World Ranking 2022

Under 800

QS Subject Ranking 2022


Programs Offered

MBA in Social Enterprise and Entrepreneurship

Master of Science (M.Sc.) in Management

Master of Employment Relations (MER)

Annual Tuition Fees for International Students 

CAD 4, 833 or INR 2,93,132 

Scholarships Offered

Faculty Of Business Administration MBA Entrance Scholarships

Faculty Of Business Administration MBA Indigenous Entrance Scholarship

Suggested: Cost of Studying MBA in UK

2. University of Victoria, Canada 

In British Columbia, the University of Victoria is a prominent public research university. It has more than 21,000 students, making it one of Canada's most prominent universities and one of the top MBA colleges abroad with low fees. Being one of the low-cost MBA colleges in abroad, the University of Victory is certainly the best.

QS Ranking 2022


QS Subject Ranking 2022

2nd out of 15 in MBA

Programs offered

Daytime and Weekend MBA in Sustainable Innovation

Annual Tuition Fees for International Students 

EUR 35,884 or INR 29,61,685

Scholarships Offered

Ritchie Foundation MBA Entrance Scholarship

MBA Pay-it-Forward Award

James A. Mossey Award

Suggested: All about Executive MBA Without GMAT! 

3. EU Business School, Barcelona

One of the cheapest MBA colleges in Spain, the EU Business School (EU), is a well-regarded private higher education school in Spain's field of business studies. It was founded in 1973 and has been certified by eduQua, the first Swiss quality mark for higher education institutions. The MBA programme at EU Business School has been recognized for excellence by America Economia in its Global MBA Ranking 2021, and is known for having the lowest fees for MBA in abroad

4. University College Of Birmingham, UK 

UCB is well-known among international students from more than 60 countries who come to the institution to seek a high-quality but affordable education. Employers and industry hold University College Birmingham in high respect for its profession-focused education and training. The institution is one of the world's top scholarly institutions, and offers an MBA in abroad at low cost.  

QS Ranking 2022


QS subject ranking 2022

6th in MBA in UK

Programs Offered

MBA in International Business, Global Ranking & Finance

Executive MBA

Annual Tuition Fees for International Students 

EUR 31,500 or INR 26,44,281 

Scholarships Offered 

Academic Excellence Scholarship

Sporting Excellence Scholarship 

Masters Intern Bursary


Check out this video to know how you can study an MBA abroad without work experience: 

5. Technical University of Munich

One college to study abroad MBA at low cost, the Technical University of Munich  is one of Europe's top institutions. According to Reuters, TUM is the fourth most innovative university in Europe.

The Executive MBA in Innovation and Business Creation is for specialists and executives. The programme combines solid academic management with personalised start-up and innovation consulting, providing a unique chance to learn and develop entrepreneurial abilities.

QS Ranking 2022


QS Subject Ranking 2022

74th in MBA

Programs Offered

Executive MBA in Innovation and Business Creation

Annual Tuition Fees for International Students 

EUR 14,400 or INR 12,08,814


One-time financial aid between 500 EUR-1,500 EUR per semester

Suggested: MBA Scholarships in Germany 

6. University Of Tuebingen, Germany

Tuebingen, one of Germany's oldest universities, is known worldwide for its research-oriented education system. The MBA course offered here is well-researched and practical-oriented. Master of Science in International Business provides an excellent opportunity for highly motivated bachelor's students to participate in an engaging programme that combines academic and cultural development. 

QS Ranking 2022


QS MBA Ranking 2022

10 in MBA

Programs Offered

Masters of Science in International Business 

Annual Tuition Fees for International Students 

9,550 EUR or 8,01,678 INR 

7. Kaplan Business School, Australia

Master of Business Analytics, Master of Business Analytics, Master of Professional Accounting, Master of Accounting, are some of the most famous programs offered at Kaplan. The Kaplan Business School has collaborated and partnered with a number of Australian businesses, including the Sydney Swans and Davidson. These collaborations with reputable Australian companies provide students with the option to participate in a variety of skill-building and talent-development internships. 

QS Ranking 2022


QS MBA Ranking


Programs Offered

MBA in International Business

MBA in Business Analytics

Annual Tuition Fees for International Students 

47,880 AUD or 27,06,986 INR 

Scholarships Offered 

Asia- International Student Scholarship of 43,092 AUD

Suggested: Difference between MBA and an EMBA 

8. IIBIT, Sydney

The Institute of Business Information Technology (IIBIT) in Sydney is also known as the Institute of Business Information Technology. In its Sydney and Adelaide campuses, IIBIT collaborates with Federation University to offer UG and PG degrees in Information Technology and Business Administration. The institute also assists students in obtaining internships and placements. Master of Technology, MBA in International Business, and others.

QS Ranking 2022


QS Subject Ranking 


Programs Offered

MBA in International Business

Tuition Fees

57,600 AUD or 32,56,525 INR 


Federation University Australia Global Excellence Scholarship

Suggested: All about 1-Year MBA in Australia 

9. Deusto Business School, Spain

Deusto Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBAs. These international accreditations highlight Deusto Business School's quality and excellence in business education, placing it among the best in the world. Deusto is famous for offering students with one of the lowest MBA fees abroad. Deusto alumni hold top positions in 20 percent of the 35 IBEX registered companies in Spain, including CEOs, VPs, and general managers.

QS World Ranking 2022


QS World Subject Ranking 2022

#201-250 in MBA 

Programs Offered

MBA in International Business 

Executive MBA

Annual Tuition Fees for International Students 

11,000 EUR or 9,08,288 INR 

Scholarships Offered 

The Fundación Vizcaína Aguirre Grants Programme 

Suggested: Jobs and Salary After MBA in USA 

10. EAE Business School, Madrid

With more than 60 years of expertise in training successful professionals, EAE Business School has taught over 73,000 directors and executives. Over 65,000 executives have been through EAE's classrooms since its founding in 1958. Participants come from 72 nations across five continents, with 95 percent of them having professional experience. Under the MBA program, the institute offers Masters in FM, Masters in Marketing & Sales, Masters in Project Management, and others.

QS World Ranking 2022


QS Subject World Ranking 2022

#200-250 in MBA ranking

Programs Offered

Masters in FM

Masters in Marketing & Sales

Masters in Project Management

Annual Tuition Fees for International Students

29,500 EUR or INR 24,35,864

Scholarships Offered 

Academic Excellence Grant 

Suggested: How to Choose the Right MBA Program for Yourself?

It is safe to say that an MBA in abroad with low fees is easily accessible. MBA in abroad for Indian students at low cost is a complete package of excellent education and high employability rates. Low cost MBA colleges in abroad are also particularly known for providing international students with a high ROI. For further assistance on MBA in abroad with low fees or cheap MBA colleges in abroad, you can even connect with our Yocket Counsellors

Frequently Asked Questions about Cheap MBA Colleges Abroad 

Ques. Which country is the cheapest for MBA?

Ans. Germany is considered the cheapest country to have top colleges for MBA. Approx 111 EUR or 8,830 INR is the semester fee for the MBA course.

Ques. Which countries are best for Indian students to study MBA abroad?

Ans. Countries like Germany, Italy, and France are best for Indian students to study abroad MBA at low cost. 

Ques. How much cost is needed to study MBA in overseas countries?

Ans. Approximately INR 20 Lacs is needed to study MBA in overseas countries. The fees may differ from country to country.

Ques. How much does an MBA cost in the UK?

Ans. On average 10,000 EUR or 8,39,454 INR per year is needed to study MBA in the UK.

Ques. Is Canada a cheap country to study MBA?

Ans. Yes, compared to other countries Canada offers MBA in abroad with low fees. 

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