Studying abroad can be heavy on one’s pocket. The qualifying exams (GRE/GMAT/TOEFL/IELTS) themselves fall in the range of US $ 150-250.

In addition, students have to bear in mind the application fee (per course) for each university that they are considering. While such charges are quite nominal for Europe and Asia, they can be as high as US $ 250 (per course) for major American Universities.

Finally, there is the consideration of the tuition fees and living expenses. For a non-US program, expect to shell out annually anywhere between $ 15,000-30,000 as tuition fees and an additional $ 8000-10,000 per year as living expenses.

In the US, business schools fall under two major categories- public (state supported), and private (independent) institutions. As such, the annual tuition fees varies widely and can range anywhere between $ 20,000 to $ 60,000 depending upon the university chosen and the course opted for. However for most of the MS courses in US, the average annual tuition fee ranges anywhere between $ 15,000-30,000.