If you’re considering pursuing a Master of Business Administration (MBA) in Dubai, it’s essential to understand the financial investment required to embark on this enriching educational journey. Dubai, a thriving business hub renowned for its global opportunities, offers a range of esteemed universities and institutions that provide top-quality MBA programs. In this article, we delve into the cost of pursuing an MBA in Dubai, shedding light on tuition fees, additional expenses, and potential financial aid options. Here we will share with you What does an MBA cost in Dubai?
MBA cost in Dubai
Dubai is home to world-class shopping malls, skyscrapers, and oil reserves. In the 21st century, it is one of the most luxurious cities. There is more to the extravagant city than skyscrapers. In recent years, the city has also grown into an important business center for the Middle East. Dubai is known for its thriving economy, lavish lifestyle, and top international universities.
Dubai is home to over 50,000 international students, of which over 15,000 are management students, 10,000 are pursuing engineering, and over 7,000 are pursuing humanities. Management is a popular course in Dubai. There are many reasons why the city is one of the most popular destinations for MBAs:
Why MBA in Dubai is worth it?
Fees: Dubai MBA tuition fees is reasonable compared to that of the USA and Australia. Consider Manchester Business School, one of the top MBA colleges in Dubai. An MBA program here costs around AED 1.5L, equivalent to 40000 USD. Harvard Business School, however, charges around $60k for the same program.
Growing Economy: The UAE government invests heavily in education, healthcare,trade and commerce, which makes it one of the fastest-growing economies in the world. Over the past few years, Dubai has gone from being an unknown tourist destination to one of the world’s most luxurious and happening destinations. As a result, the city is a global business center.
Grants: The high cost of education coupled with routinely exorbitant living expenses is a drawback of studying abroad. Scholarships and student loans may be available to applicants who default to pay the full cost of studying abroad. On the official websites of various universities, there are a number of merit-based scholarships that are open to applicants.
Best MBA Colleges in Dubai
We will discuss MBA colleges in Dubai in this section. According to the QS Global MBA Rankings which are published every year, the top-ranking institutions in Dubai are:
What does an MBA cost in Dubai?
MBA Fees in Dubai
The top MBA colleges typically charge exorbitant tuition. Fortunately, this is not the case in the extravagant city, which is home to some of the world’s finest international university campuses. Manipal University, one of the top MBA colleges in Dubai, charges an annual tuition fee of AED 78000, which is nearly half of what you would pay in the United States.
MBA tuition fees in Dubai, on the other hand, may vary depending on the University and Program. Some universities in Dubai offer Executive MBA’ or Part-time MBA programs rather than full-time MBA programs. London Business School (LBS), Dubai, for example, only offers an executive MBA program, whereas Alliance Manchester Business School’s Dubai campus only offers a part-time MBA program.
Surprisingly, the tuition fee for an EMBA in the London School of Business’s UK campus is AED 3.5Lac, less than the fees at the Dubai campus, which is AED 4lac.
However, the EMBA tuition fee at Manchester Business School’s UK campus is AED 100000. As a result, if tuition fees is the only criteria for studying MBA abroad, the two campuses are nearly identical.
What does an MBA cost in Dubai?
Living Expenses
The cost of an MBA program in Dubai also includes expenses for things such as travel, food, and lodging. Lodging accounts for the majority of your cost. Students who want to reduce their living expenses in Dubai can share a room or an apartment.
If you plan to pursue an MBA in Dubai, you can also choose whether to stay in University-provided housing or housing outside the campus. A one-bedroom apartment in the city costs around AED 7000 per month, while a three-bedroom apartment costs around AED 15000. If you share the 3BHK apartment, your rent could be reduced significantly.
If you want to stay at the university, the cost could range from AED 9000 to 14000 per month. For example, at American University in Dubai, a shared room costs AED 8000 while a single room costs AED 12000 during the fall and spring semesters. Summer sessions may be less expensive, with charges of AED 5000 for shared rooms and AED 8000 for single rooms.
Other Expenses
Travel: Additional expenses for travel will increase the cost of your MBA program in Dubai. Since gasoline is relatively inexpensive compared to western nations, you can travel by taxi, bus, metro, watercraft, and even a rental car. One month’s worth of public transportation costs AED 200, so for a student.The metro and bus are the cheapest options.
Medical Care: Getting health insurance should be your first step if you intend to pursue an MBA in Dubai. The cost of an MBA at a university in Dubai may not always include health insurance. Whether a university chooses to provide health insurance or not,is entirely up to it.
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Looking to further your education after completing an MBA abroad? Discover the diverse range of post-MBA study options available to expand your knowledge and propel your career to new heights. Explore advanced degree programs, specialized certifications, and executive education opportunities in our comprehensive article.
An IIT Delhi IIM Ahmedabad alumni initiative
Alpha Education Abroad is an initiative by IIT Delhi and IIM Ahmedabad alumni. The firm helps students get admitted to top universities overseas in the US, UK, Australia, Canada, Germany, and many other countries. It allows students to apply for graduation as well as post-graduation courses abroad. It also helps students get admitted to top 1 year MBA programs such as ISB and IIM Ahmedabad in India.