Best Courses to Pursue Abroad After an MBA: Eligibility & Application Guide

Completing an MBA is a significant milestone that opens numerous career doors globally. However, pursuing specialized courses abroad can further elevate your expertise and employability. Post-MBA programs offer advanced skills in areas like finance, technology, and leadership, making you more competitive in the global job market.  

Doing an MBA abroad is a big achievement, but for many students, learning doesn’t stop there. Some want to gain more knowledge, others want better jobs, or wish to change their career path. That’s why many choose post-MBA courses abroad to improve their skills and boost their resume. 

An MBA gives you broad business skills, but taking additional courses helps you specialize and grow in a specific area. Studying abroad after an MBA allows you to stay updated with global industry trends and learn from world-class faculty. Many universities offer scholarships and flexible programs to support international students.  

This guide explores the top courses available, the universities offering them, and how you can plan your next career move strategically. With careful planning, a post-MBA course abroad can significantly boost your professional growth. 

Top Courses to Pursue After MBA Abroad 

After completing an MBA, many professionals look to specialize further to boost their global career prospects. Post-MBA courses abroad help enhance skills, gain international exposure, and increase employability.  

These programs focus on advanced knowledge in areas like finance, strategy, leadership, and risk management. Choosing the right course aligns your education with career goals and opens doors to high-level roles worldwide. 

Doctorate in Business Administration (DBA) 

The Doctorate in Business Administration (DBA) is a research-focused program designed for experienced professionals seeking advanced business knowledge and strategic leadership skills. It emphasizes applying research to solve real-world business challenges and develop innovative strategies. 

Pursuing a DBA after an MBA enhances your analytical, managerial, and decision-making capabilities, making you highly competitive for senior leadership roles globally. This makes DBA one of the most sought-after post-MBA courses for professionals aiming for executive or consultancy careers. 

Cost of Doing DBA 

DBA programs typically combine coursework, research, and a dissertation, lasting 3–5 years. Tuition fees range from $40,000 – $80,000 per year (₹33,00,000 – ₹66,00,000 approx.), depending on the university and country. Some programs offer scholarships or research assistantships to reduce costs. 

Average Salary After DBA 

DBA graduates are highly valued in senior management, consultancy, and academic positions. In international markets, the average salary is approximately $130,000 (₹1,08,00,000 approx.) per year, depending on experience and role. 

Role	Average Salary (USD)	Average Salary (INR)
Senior Management Consultant	$90,000	₹74,70,000 approx.
Business Strategy Director	$150,000	₹1,25,00,000 approx.
Chief Executive Officer (CEO)	$200,000	₹1,67,00,000 approx.
Academic Professor / DBA Faculty	$60,000	₹49,80,000 approx.
Corporate Research Director	$190,000	₹1,57,70,000 approx.
Management Consultant	$110,000	₹91,50,000 approx.

Top Universities Offering DBA 

Several top institutions provide DBA programs and resources: 

• Harvard Business School, USA 
• London Business School, UK 
• INSEAD, France / Singapore 
• Golden Gate University, San Francisco, California 
• DePaul University, Chicago, Illinois 
• Florida International University, Miami, Florida 

Chartered Financial Analyst (CFA) 

The Chartered Financial Analyst (CFA) program is a globally recognized credential for finance and investment professionals. It provides in-depth knowledge in portfolio management, investment analysis, financial ethics, and quantitative techniques.  

Completing the CFA program after an MBA in finance enhances your analytical and decision-making skills, making you highly competitive in global finance roles. This makes CFA one of the most popular post-MBA courses for those aiming for international careers in finance and investment. 

Cost of Doing CFA 

The CFA program consists of three levels: 

• Level I: Focuses on basic knowledge and comprehension of investment tools. 
• Level II: Emphasizes application of investment tools and asset valuation. 
• Level III: Concentrates on portfolio management and wealth planning. 

The exam fee ranges from $1,000 – $1,500 per level (₹85,000 – ₹1,25,000 approx.), depending on registration timing and study materials. 

Average Salary After CFA 

CFA-certified professionals are highly sought after in the finance industry. In international markets, the average salary is approximately $105,000 (₹88,00,000 approx.) per year, varying with role and experience. 

Role	Average Salary (USD)	Average Salary (INR)
Investment Analyst	$95,000	₹79,50,000 approx.
Portfolio Manager	$145,000	₹1,21,00,000 approx.
Equity Research Analyst	$90,000	₹75,50,000 approx.
Risk Manager	$120,000	₹1,00,00,000 approx.
Chief Investment Officer	$200,000	₹1,67,00,000 approx.
Asset Manager	$110,000	₹91,50,000 approx.

Job Opportunities After CFA 

CFA certification opens doors to high-level roles in finance and investment. Some potential career paths include: 

• Investment Analyst 
• Portfolio Manager 
• Equity Research Analyst 
• Risk Manager 
• Chief Investment Officer (CIO) 
• Asset Manager 

Top Institutions for CFA Preparation 

Several top institutions provide CFA preparatory courses and resources: 

• Kaplan Schweser, USA 
• Wiley Efficient Learning, Global 
• Fitch Learning, UK 

Explore free courses to prep for finance exams or grad programs 

Financial Risk Management (FRM) 

FRM certification perfectly complements an MBA in Finance by providing in-depth knowledge of risk management concepts specific to financial organizations, corporations, and investment firms.  

It equips professionals with expertise in risk assessment, regulatory compliance, and quantitative analysis, making them highly valuable in the financial sector. With an FRM certificate, you can stand out in the competitive global finance job market, gaining access to high-level roles and international career opportunities.  

This makes FRM one of the most sought-after courses to pursue abroad after an MBA. 

Cost of Doing FRM 

The FRM certification is divided into two levels: 

• Level 1: Covers essential tools and fundamental concepts of risk management (100 MCQs). 
• Level 2: Focuses on applying these tools in different areas of financial risk management (80 MCQs). 

The exam fee for each level ranges between $800 – $1,200 (₹66,000 – ₹1,00,000 approx.), depending on registration time and membership. 

Average Salary After FRM 

FRM-certified professionals enjoy lucrative career prospects. In the US market, the average salary is approximately $114,000 (₹9,50,000 – ₹1,00,00,000) per year, varying with role and experience. 

Role	Average Salary (USD)	Average Salary (INR)
Quantitative Analyst	$118,803	₹99,00,000 approx.
Credit Risk Manager	$134,966	₹1,13,00,000 approx.
Risk Analyst	$74,125	₹62,00,000 approx.
VP – Risk Management	$150,000	₹1,25,00,000 approx.
Risk Manager	$120,183	₹1,00,00,000 approx.
Quantitative Analyst, Risk	$91,131	₹76,00,000 approx.
Senior Risk Manager	$130,603	₹1,09,00,000 approx.

Job Opportunities After FRM 

The FRM certification opens doors to specialized roles in financial risk management. Some potential career paths include: 

• Financial Risk Analyst: Assess and mitigate financial risks across investment portfolios. 
• Market Risk Analyst: Monitor and manage risks associated with market fluctuations and trading. 
• Regulatory Risk Analyst: Ensure compliance with financial regulations and risk policies. 
• Credit Risk Specialist/Analyst: Evaluate the creditworthiness of organizations or clients. 
• Risk Manager: Oversee risk management strategies and policies within an organization. 
• Chief Risk Officer (CRO): Lead risk governance at the executive level. 
• Corporate Risk Director: Develop and implement corporate risk strategies across global operations. 

Top Universities/Colleges for FRM Preparation Abroad 

Several international universities offer preparatory courses and resources for FRM certification. Some of the top options include: 

• Stellenbosch University, South Africa 
• Bentley University, USA 
• Frankfurt School of Finance & Management, Germany 
• Trinity College, Ireland 
• University of Strathclyde, Glasgow, UK 

PhD in Management 

A PhD in Management is a research-intensive program designed for professionals aiming to contribute to academia or high-level research in business and management practices. It provides advanced expertise in organizational strategy, leadership, and analytical research methodologies. 

Completing a PhD after an MBA allows you to engage in impactful research, publish scholarly work, and influence business theory and practice globally. This makes it an ideal choice for those looking to pursue academic or specialized consultancy careers abroad. 

Cost of Doing PhD in Management 

PhD programs vary by university and typically take 3–6 years to complete. The curriculum includes advanced research methods, academic seminars, and dissertation work. Tuition fees range from $40,000 – $60,000 per year (₹33,00,000 – ₹50,00,000 approx.), depending on the university and country.  

Many programs also provide research assistantships or scholarships to help offset costs. 

Average Salary After PhD in Management 

PhD graduates are highly valued in academia, research institutions, and senior consultancy roles. In international markets, the average salary ranges from $90,000 – $150,000 (₹75,00,000 – ₹1,25,00,000 approx.) per year. 

Role	Average Salary (USD)	Average Salary (INR)
University Professor	$120,000	₹1,00,00,000 approx.
Management Researcher	$100,000	₹83,00,000 approx.
Senior Management Consultant	$130,000	₹1,08,00,000 approx.
Policy Research Analyst	$90,000	₹75,00,000 approx.
Academic Dean / Director	$150,000	₹1,25,00,000 approx.

Career Opportunities After PhD in Management 

A PhD in Management opens doors to academic, research, and senior consultancy positions. Key career paths include: 

• University Professor 
• Management Researcher 
• Senior Management Consultant 
• Policy Research Analyst 
• Academic Dean / Director 

Top Universities Offering PhD Programs 

Some of the top international institutions for PhD in Management include: 

• University of Oxford, UK 
• Stanford Graduate School of Business, USA 
• HEC Paris, France 

Data Science and Data Analytics 

Data Science and Data Analytics programs equip professionals with skills to analyze, interpret, and leverage large datasets for strategic decision-making. These courses focus on statistics, machine learning, data visualization, and business intelligence to help organizations make data-driven decisions. 

Pursuing Data Science or Analytics after an MBA enhances your quantitative, analytical, and technical skills, making you highly competitive in technology-driven industries. This makes it one of the most popular post-MBA courses for those aiming for global roles in analytics, consulting, and business intelligence. 

Cost of Doing Data Science / Analytics 

The duration of post-MBA Data Science programs is typically 12–24 months, depending on whether it’s a full-time, part-time, or online course. Tuition fees range from $20,000 – $50,000 (₹16,50,000 – ₹41,00,000 approx.), depending on the university and format. 

Average Salary After Data Science / Analytics 

Graduates with Data Science and Analytics expertise are highly sought after in global markets. The average salary is approximately $110,000 (₹91,50,000 approx.) per year, depending on role, industry, and experience. 

Role	Average Salary (USD)	Average Salary (INR)
Data Scientist	$115,000	₹95,50,000 approx.
Business Analyst	$90,000	₹75,50,000 approx.
Data Analyst	$80,000	₹67,00,000 approx.
Machine Learning Engineer	$130,000	₹1,08,00,000 approx.
Analytics Consultant	$100,000	₹83,00,000 approx.
Business Intelligence Manager	$120,000	₹1,00,00,000 approx.

Job Opportunities After Data Science / Analytics 

Completing a Data Science or Analytics program opens doors to technology-driven and strategic roles. Key career paths include: 

• Data Scientist 
• Business Analyst 
• Data Analyst 
• Machine Learning Engineer 
• Analytics Consultant 
• Business Intelligence Manager 

Top Universities Offering Data Science / Analytics 

Some of the top institutions offering Data Science and Analytics courses abroad include: 

• Massachusetts Institute of Technology (MIT), USA 
• University of California, Berkeley, USA 
• Imperial College London, UK 
• National University of Singapore (NUS), Singapore 
• ETH Zurich, Switzerland 

Eligibility Criteria for Post-MBA Courses Abroad 

Before applying for post-MBA courses abroad, it is important to understand the academic, professional, and language requirements. Different programs may have specific prerequisites, and some may require standardized test scores.  

Preparing all necessary documents in advance ensures a smooth application process. 

Eligibility Criteria	Requirements
Academic Qualifications	MBA or equivalent master’s degree from a recognized institution; specific prerequisites may apply depending on the course
Work Experience	Varies by program; typically 2–5 years of professional experience recommended
Language Proficiency	IELTS, TOEFL, or equivalent for non-native English speakers
Standardized Tests	GMAT or GRE scores may be required for some programs (e.g., PhD, DBA)
Additional Documents	Statement of Purpose (SOP), Letters of Recommendation (LORs), CV/Resume, Academic Transcripts

How to Apply for Studying Abroad After MBA? 

Applying for post-MBA courses abroad requires careful planning and preparation. Knowing each step helps ensure a smooth admission process and reduces last-minute stress. From selecting the right program to arranging travel, following a structured approach is essential. 

• Research Courses and Universities – Identify the course that aligns with your career goals. 
• Check Eligibility Requirements – Review academic, professional, and language prerequisites. 
• Prepare Documents – SOP, LORs, transcripts, CV, test scores, and certificates. 
• Submit Online Application – Complete the application form on the university’s official portal. 
• Attend Interviews (if applicable) – Some programs may require personal or online interviews. 
• Receive Admission Offer – Confirm admission by paying the enrollment fee. 
• Apply for Visa – Submit your student visa application along with required documents. 
• Plan Travel & Accommodation – Arrange flights, housing, and initial living expenses. 

Cost of Studying and Living Abroad After MBA 

Studying abroad after an MBA is a significant investment but offers excellent career opportunities and global exposure. The total cost includes tuition fees and living expenses, which vary based on country, city, and lifestyle. Understanding these costs beforehand helps you plan your finances and explore scholarships.  

What is the tuition fee for studying abroad? 

Tuition fees differ depending on the program type and university. Top-tier universities have higher fees, whereas certifications like CFA and FRM are comparatively affordable. Planning your budget in advance ensures smooth financial management throughout your studies. 

Here’s a breakdown of tuition fees. 

Program Type	Average Tuition Fee (USD)	Average Tuition Fee (INR)
DBA Programs	$40,000 – $80,000/year	₹33,00,000 – ₹66,00,000 approx.
PhD in Management	$30,000 – $60,000/year	₹25,00,000 – ₹50,00,000 approx.
CFA Certification	$1,000 – $1,500 per level	₹85,000 – ₹1,25,000 approx.
FRM Certification	$800 – $1,200 per level	₹70,000 – ₹1,00,000 approx.

What are the Living Expenses abroad as a student? 

Monthly living expenses vary depending on the city and lifestyle. Major cities are usually more expensive, while smaller cities can be more budget-friendly.  

Here’s an overview of typical monthly costs for students studying abroad: 

Expense	Monthly Cost (USD)	Monthly Cost (INR)
Accommodation (shared or 1BHK)	$600 – $1,500	₹50,000 – ₹1,25,000 approx.
Food & Utilities	$350 – $700	₹29,000 – ₹58,000 approx.
Transport	$100 – $300	₹8,500 – ₹25,000 approx.
Miscellaneous & Entertainment	$150 – $400	₹12,500 – ₹33,000 approx.

Scholarships and Financial Aid 

Studying abroad after an MBA can be expensive, but there are several popular scholarships and financial aid options that help reduce costs. These scholarships are offered by universities, governments, and private organizations, often based on merit, need, or leadership potential. Being aware of these opportunities can make international education more accessible and affordable.  

Here’s a list of some of the top scholarships for international students pursuing post-MBA courses abroad. 

Scholarship Name	Offered By	Coverage / Benefits
Chevening Scholarship	UK Government	Full tuition, monthly stipend, travel allowance
Fulbright Scholarship	US Government	Tuition, living expenses, airfare, health insurance
Endeavour Scholarship	Australian Government	Tuition, living allowance, travel expenses
INSEAD Diversity Scholarship	INSEAD, France/Singapore	Partial tuition waiver
Harvard Business School Fellowships	Harvard, USA	Partial to full tuition support
London Business School Scholarships	LBS, UK	Partial tuition waiver for international students
Stanford Reliance Dhirubhai Fellowship	Stanford, USA	Full tuition for Indian students
CFA Institute Scholarships	CFA Institute, Global	Registration fee discounts, partial exam fee waiver

Conclusion  

Choosing the right post-MBA course abroad is a strategic decision that can define your professional future. Programs like DBA, PhD in Management, CFA, and FRM offer advanced knowledge, global exposure, and specialized skills that significantly enhance your career prospects. Understanding the eligibility criteria, including academic qualifications, work experience, language proficiency, and standardized tests, ensures you are well-prepared for the application process. 

Apart from academics, planning for tuition fees, living expenses, and exploring scholarships and financial aid can make studying abroad more affordable and manageable. By following a structured application process and selecting the course aligned with your career goals, you can position yourself for leadership roles, high-paying jobs, or a successful career in academia and research.