Can middle class Indians afford an MBA abroad?

1. Tuition Cost

Top MBA programs in countries like the US, UK, and Europe can range from ₹50 lakh to ₹1.5 crore (USD 60,000 - 150,000 or more), depending on the institution.

2. Scholarships and Financial Aid

MBA programs in the US often provide financial aid or fellowships, which can significantly reduce costs.

3. Education Loans

Indian banks and financial institutions offer education loans tailored for students studying abroad, with repayment terms extending up to 10-15 years.

4. Cost of Living

Living expenses (accommodation, food, transport) vary greatly depending on the city. For instance, cities like New York, London, and Zurich are more expensive than places like Toronto, Berlin, or Singapore.

5. Part-Time Work Opportunities

Many countries allow international students to work part-time while studying, which can help offset living costs.