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Updated: 03-07-2023

Business and commerce

Pursue Business and Commerce degrees abroad with programs designed for Indian students seeking international education. Benefit from world-class curricula, diverse cultures, and networking opportunities. Our guide covers top destinations, eligibility, visas, and scholarships to help you achieve your academic and professional goals in global business.

Business and Commerce: Your Gateway to Global Success

Are you an Indian student dreaming of a career in the dynamic world of business? Studying Business and Commerce abroad opens doors to international opportunities, cutting-edge knowledge, and a competitive edge in India's booming economy. This field equips you with skills in management, finance, marketing, and entrepreneurship, preparing you to thrive in multinational corporations or start your own venture. With India's GDP growing rapidly, graduates from top global programs return home as leaders in sectors like e-commerce, fintech, and consulting.

Why choose Business and Commerce abroad? You'll gain exposure to diverse cultures, advanced teaching methods, and real-world projects that Indian universities might not offer. Plus, many countries provide post-study work visas, allowing you to build international experience before returning to India. Let's dive into everything you need to know to kickstart your journey.

Why Study Business and Commerce Abroad?

India's business landscape is evolving fast, with startups like Flipkart and Paytm leading the charge. However, studying abroad gives you a global perspective that's invaluable. Here's why it's a smart choice:

  • World-Class Education: Access Ivy League-level curricula with case studies from global giants like Apple and Amazon.
  • Networking Opportunities: Connect with international peers, alumni, and industry leaders—networks that can land you jobs at firms like Deloitte or KPMG in India.
  • Skill Development: Learn practical skills like data analytics, sustainable business practices, and digital marketing, which are in high demand in India's digital economy.
  • Cultural Immersion: Understand global markets better, essential for Indian professionals dealing with exports, trade, or FDI.
  • Higher Salaries: Graduates often earn 20-50% more than domestic peers, with starting packages in India exceeding ₹10-15 lakhs per annum.

For Indian students, this degree also boosts your resume for competitive exams like CAT or GRE, and many programs align with India's NEP 2020 for international credits.

Popular Destinations for Business and Commerce

Choosing the right country depends on your budget, career goals, and visa ease. Here are top destinations tailored for Indian students:

Country Why Choose It? Average Tuition (INR per year) Post-Study Work Visa Popular Cities
USA Hub for innovation; strong finance and MBA programs; high employability. 20-40 lakhs OPT up to 3 years New York, Boston
UK Short 1-year programs; prestigious unis like LSE; easy transition to Europe jobs. 15-30 lakhs Graduate Route: 2 years London, Manchester
Australia Practical focus; multicultural environment; strong ties with Indian businesses. 15-25 lakhs 2-4 years Sydney, Melbourne
Canada Affordable; welcoming to Indians; pathways to PR; booming tech-commerce sector. 12-20 lakhs PGWP up to 3 years Toronto, Vancouver
Singapore Asia's business capital; short courses; proximity to India; high ROI. 10-20 lakhs 1-3 years work pass Singapore City

Canada and Australia are favorites among Indians due to lower living costs (₹8-12 lakhs/year) and family-friendly policies. The UK suits those wanting a quick degree, while the USA offers prestige but at a higher cost.

Top Universities and Programs

Selecting the right program is key. Focus on accreditation (AACSB or EQUIS) for global recognition. Here are standout options:

  1. USA - Harvard Business School (MBA): Iconic for leadership; emphasizes case studies. Ideal for Indian entrepreneurs aiming for Silicon Valley ties.
  2. UK - London School of Economics (BSc Management): Rigorous economics focus; alumni in top Indian firms like Tata Group.
  3. Australia - University of Melbourne (Bachelor of Commerce): Specializations in accounting and finance; strong internship programs with Aussie-Indian trade partners.
  4. Canada - University of Toronto (Rotman Commerce): Undergraduate program with co-op options; prepares for Canada's multicultural business scene.
  5. Singapore - NUS Business School (BBA): Asia-centric curriculum; partnerships with Indian institutes like IIMs for dual degrees.

Undergraduate programs (BBA/BCom) last 3-4 years, while postgraduate (MBA/MSc) are 1-2 years. Many offer specializations like International Business or Supply Chain Management, relevant to India's logistics boom.

Course Structure and Curriculum

A typical Business and Commerce degree blends theory with practice. Expect a mix of core and elective modules:

  • Core Subjects:
    • Principles of Economics and Accounting
    • Business Law and Ethics
    • Organizational Behavior
    • Financial Management
  • Electives (Choose Based on Interest):
    • Digital Marketing and E-Commerce
    • International Trade and Global Strategy
    • Entrepreneurship and Innovation
    • Sustainable Business Practices
  • Practical Components: Internships (3-6 months), group projects, and capstone simulations. Many programs include study abroad exchanges within the country.

In the first year, you'll build foundations; years 2-3 focus on specialization. Assessments include exams (40%), assignments (30%), and presentations (30%). For Indian students, bridging courses in English and quant skills are often available.

Pro Tip: Look for programs with industry certifications like CFA Level 1 prep, which can fast-track your career in India's banking sector.

Career Prospects and Opportunities

Business and Commerce grads are highly employable. Globally, 90% find jobs within 6 months. In India, demand is surging in consulting, retail, and finance.

Key Career Paths:

  • Management Consultant: Firms like McKinsey or Accenture; salary ₹12-25 lakhs in India.
  • Financial Analyst: Banks like HDFC or ICICI; global exposure helps in investment roles.
  • Marketing Manager: For brands like Unilever; digital skills from abroad give an edge.
  • Entrepreneur: Start your own firm with international funding—many returnees launch successful startups via Startup India.
  • Supply Chain Specialist: Vital for India's manufacturing push under Make in India.

Abroad, you could work in the US (average $70K USD) or Canada (CAD 60K). Back home, MNCs prefer abroad-educated talent for roles in Mumbai's financial hub or Bangalore's tech scene. Long-term, aim for C-suite positions with global experience.

Admission Requirements for Indian Students

Getting in is straightforward with planning. Most programs require:

  • Academic Qualifications: 10+2 with 60-70% (Commerce stream preferred); for PG, bachelor's with 50%+ GPA.
  • Entrance Exams: SAT/GMAT for UG/PG; IELTS/TOEFL (6.5+ band) for English proficiency.
  • Documents: SOP (why this course?), LORs from teachers, resume highlighting extracurriculars like debate clubs or business fests.
  • Deadlines: Apply 6-12 months ahead; fall intake (Sept) is popular.
  • Visa Tips: Show funds (₹15-30 lakhs proof); genuine student intent via ties to India (family, property).

Indian students often qualify for conditional offers if English scores are pending. Use platforms like our study abroad portal for free counseling.

Scholarships and Financial Aid

Studying abroad doesn't have to break the bank. Indian students have access to generous funding:

  • University Scholarships: Merit-based like Fulbright (USA) or Chevening (UK)—up to full tuition.
  • Government Schemes: India's Study in India or Australia Awards (₹5-10 lakhs).
  • Private Options: Inlaks Shivdasani (up to $100K) or JN Tata Endowment for overseas studies.
  • Part-Time Work: 20 hours/week allowed in most countries; earn ₹5-8 lakhs/year.

Total cost: UG ₹20-50 lakhs for 3 years; PG ₹15-30 lakhs for 1 year. ROI is quick—many recover costs in 2-3 years.

Student Life and Tips for Success

Adjusting to life abroad can be exciting yet challenging. As an Indian student:

  • Accommodation: Opt for university dorms (₹4-8 lakhs/year) or shared apartments.
  • Cultural Adaptation: Join Indian student societies for Diwali celebrations and homesickness relief.
  • Health and Safety: Get comprehensive insurance; countries like Canada offer free public healthcare for students.
  • Tips: Budget wisely—use apps like Splitwise; network via LinkedIn; balance studies with travel to build soft skills.

Many Indians excel abroad, from Sundar Pichai (Google CEO, Wharton alum) to Indra Nooyi (ex-PepsiCo, IIM/Yale). Your Business and Commerce degree could be your ticket to similar heights.

Ready to apply? Explore our database for personalized program matches and expert guidance. Your global business adventure starts here!

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