A Complete Guide to Studying Abroad: Applications, Scholarships, and Visa Process
At SABLE Study Abroad, we receive queries like this all the time. Students often ask us—should I pursue an MBA in the U.S., a MiM in Europe, or a MEM in Canada? How do I fund my education? Will I secure a job afterward? The process can feel overwhelming, with an overload of information and contradictory advice online.
Take Rahul, for example—an engineering graduate from Mumbai who approached us with the same concerns. With careful research and strategic planning, he secured admissions to three top universities with scholarships covering nearly 70% of his tuition. His story isn’t unique—thousands of students face the same dilemma every year. This guide aims to break down the study abroad process into clear, practical steps, helping you make the right decision for your career.
1. Choosing the Right Country and University
Picking the right university is about more than just rankings. Factors like job opportunities, cost of living, and visa policies should be key in your decision. While Harvard, Stanford, and Wharton dominate MBA rankings, universities like Tuck, Darden, and Duke offer strong career placements with higher acceptance rates. The best way to decide is by looking at universities within a similar “sphere” rather than obsessing over individual rankings.
For example, a student pursuing engineering in Germany will likely pay zero tuition and get a high-paying job in automobile or manufacturing. However, if someone wants to work in private equity, their best bet is Harvard, Wharton, or LBS due to strong industry networks. Similarly, students looking for tech careers may find Canada’s post-graduate work policies attractive, while those wanting finance roles may find the UK a better fit.
A report by QS World Rankings (2023) highlights that 90% of MBA graduates from top 20 U.S. schools secure jobs within three months of graduation, compared to 72% from European schools. This shows that the country of study has a direct impact on post-MBA employment outcomes.
Cost of Living vs. Tuition Fees in Popular Study Destinations
| Country | Average Tuition Fees (per year) | Average Cost of Living (per year) |
| U.S. | $40,000 – $70,000 | $15,000 – $25,000 |
| Canada | $20,000 – $50,000 | $12,000 – $18,000 |
| UK | $25,000 – $60,000 | $15,000 – $22,000 |
| Germany | Low to Free | $10,000 – $15,000 |
| Australia | $25,000 – $50,000 | $18,000 – $25,000 |
2. Application Process: What You Need to Prepare
Applying to universities abroad requires careful preparation. Most schools ask for academic transcripts, standardized test scores (GMAT, GRE, SAT, or IELTS/TOEFL), letters of recommendation, and a statement of purpose (SOP). The SOP is particularly important, as it showcases your academic background, career aspirations, and why you are a strong fit for the program.
Additionally, application fees can range from $50 to $150 per university, but many institutions offer waivers for financially constrained applicants. It’s always worth checking with the admissions office to see if you qualify for an exemption.
For instance, Harvard Business School typically expects 700+ GMAT scores, but schools like Tuck and Darden are more flexible, giving candidates with strong work experience a fair chance even with slightly lower scores.
3. Scholarships & Financing Options
One of the biggest concerns for students planning to study abroad is funding. Fortunately, several scholarships, fellowships, and financial aid programs are available. Many universities provide need-based and merit-based scholarships, while external organizations offer additional funding.
For example, Yale and Darden provide up to 100% scholarships for Indian students, while Harvard and Stanford offer need-based fellowships, covering tuition for nearly half the class. INSEAD partners with Brain Capital, allowing students to defer tuition payments until they secure a job with a minimum salary. External scholarships like Fulbright (U.S.), Chevening (UK), and DAAD (Germany) also help reduce financial burdens.
A study by the Institute of International Education (IIE) found that over 65% of international students in the U.S. receive some form of financial aid, with merit-based scholarships being the most common.
Major Scholarships for International Students
| Scholarship | Country | Coverage |
| Fulbright | U.S. | Full Tuition + Stipend |
| Chevening | UK | Full Tuition + Living Expenses |
| DAAD | Germany | Full or Partial Funding |
| Australia Awards | Australia | Full Tuition + Travel Expenses |
Rahul, from our earlier example, was able to secure a $35,000 scholarship at Darden, making his international education much more affordable.
4. Visa Process & Post-Study Work Options
Once admitted, securing a student visa is the next step. Each country has different visa requirements and post-graduation work policies. For example, students in the U.S. on an F-1 visa can work through OPT (Optional Practical Training) for up to three years if they are in STEM fields, increasing their chances of securing an H-1B work visa. The UK offers a two-year post-study work visa, while Canada’s Post-Graduate Work Permit (PGWP) allows students to stay and work for up to three years. In Australia, students can work for two to four years, depending on their qualification level.
Understanding visa policies beforehand is crucial, as it impacts job opportunities and long-term career prospects.
5. Life as an International Student: Settling In & Career Growth
Adjusting to life abroad can be challenging but rewarding. Finding housing, understanding healthcare requirements, and building a social network are all part of the experience. Many students start with university dorms before moving to shared apartments. Countries like the UK, Germany, and Canada require students to have health insurance, so it’s important to check the policies beforehand.
Networking is essential for job hunting. Universities host career fairs, alumni networking events, and industry meetups, which provide excellent opportunities to connect with recruiters. Some universities, like Northeastern in the U.S. and Waterloo in Canada, have co-op programs that allow students to gain hands-on work experience while studying, making it easier to secure full-time jobs after graduation.
Studying abroad is an exciting journey that requires careful planning but offers immense rewards. Whether it’s about choosing the right university, securing funding, or preparing for post-study opportunities, a structured approach makes all the difference. If you’re considering this path, start early, explore all options, and make informed decisions. If you ever need guidance, don’t hesitate to reach out—having the right advice at the right time can make all the difference. Safe travels, and good luck on your journey!
