MBA in Ireland for Indian Students

Many students have a dream of pursuing MBA (Master of Business Administration) course from best business schools. Doors of exceptional career opportunities are opened after doing an MBA but high expenses and competition becomes a barrier in the dream of achieving this goal for the students. But ‘MBA in Ireland’ removes this barrier and completes the dream of students of studying MBA.

In Ireland, students from other countries also get an opportunity to work after completing MBA. Ireland’s best business schools offer ‘1 year MBA’ programs compared to 2 years programs from other countries, thus it saves time and money of students. Students can work on live projects with some of the renowned companies while doing their full-time projects which are part of their curriculum and can gain amazing experience and skills.

Compared to other countries ‘MBA programs in Ireland’ are affordable. Students get 2-year work visa using which they can work in Ireland after completing their MBA degree.

MBA in Ireland 2024 - Course Overview

Eligibility Criteria to take Admission

• A candidate who has completed his 10+2 in any stream from a recognized university or board is eligible to take admission to an undergraduate program in Ireland.
• A graduate candidate is required to have a minimum of 3 or 5 years of work experience which is a mandatory requirement for pursuing an MBA in Ireland.
• The degree should be from a recognized university. If the candidate is having no degree or qualification then he/she should have a substantial track of business achievements.
• The candidate needs to qualify the Graduate Management Admissions Test (GMAT) with a minimum score of 550 which is an acceptable score required by many of the top universities.
• Along with GMAT, universities also require the English language proficiency test that is either TOEFL or IELTS. Candidates who have done their formal education in English medium may be exempted from this test.

Admission Process for MBA in Ireland

1. Step 1: To study in Ireland, students should fit in the given eligibility criteria for education plus any student whose first language is not English need to prove his/her proficiency in English language by giving exams like IELTS or TOEFL. Students must score above 6.0 in IELTS.
2. Step 2: Entry and application requirements for Ireland’s management courses are different for each university in Ireland. Students also need to clear Graduate Management Admissions Test (GMAT) with a minimum acceptable score of 550 which is required by the top universities.
3. Step 3: For MBA admission in Ireland, students need to submit personal essay, SOP (Statement of Purpose) and an essay on goals in student’s life, at the time of admission along with the resume and other necessary documents.

Job Positions for MBA Students

Students get following job positions at the reputed companies after pursuing MBA in Ireland:

How MBA Course is Beneficial for Students in Ireland?

• There are 35 institutions and universities in Ireland which offer around 626 courses in Business and management. So, students have a wide variety of choices.
• World’s leading global MNCs like Apple, IBM, Facebook, Linkedin, Twitter, Google, HP etc. have their head offices in Ireland and hence there are lot of good career opportunities for students studying Business and management.
• American and other students from foreign countries prefer doing management courses in Ireland and other European countries due to low fees as compared to their home countries.
• Ireland’s friendly environment and education in Ireland is loved by the students from other countries and thus they prefer studying MBA in Ireland. They also get an opportunity to work there after completing management courses.
• Ireland’s institutes offer MBA programs which are of only 1 year duration compared to 2 years programs from other countries, thus it saves time and money of students.
• Students can gain amazing experience and skills while working on live projects in some of the renowned companies which are part of their MBA curriculum.
• Students meet other students and faculties who are from different nationalities and having different business backgrounds and thus they can get a truly world class experience.
• MBA in Ireland for Indian students provides them a lifetime experience and a huge ocean of career opportunities for them

Scholarships Programmes

There are wide variety of sources through which international students can get hundreds of scholarships. These sources are Government of Ireland, the Irish higher education institution and other organizations. The individual organizations that set their own criteria for eligibility, award these scholarships solely to the students.

Following are some of the programmes for MBA scholarships

• DIT Centenary Scholarship Programme
• Irish Aid funded Fellowship Training Programme
• Galway Mayo Institute of Technology Scholarships
• Fulbright Scholarships
• Claddagh Scholarship Programme

Salary Offered to MBA Graduates in Ireland

• MBA graduates who are freshers can earn a salary of 43000 euros, that is around Rs.36.12 Lakhs/annum in Ireland.
• With experience, students can earn up to 87000 euros (Rs.73.08 Lakhs/annum) per annum.
• Thus, the average salary in Ireland for MBA related jobs is 61914 euros per year or 32 euros per hour.

By reading books, students can consume a lot of research in a relatively short amount of time and they can also improve their skills:

Following are some of the reference books which MBA students can refer:

• Hampton: MANAGEMENT, McGraw-Hill.
• Fred Luthans: ORGANISATIONAL BEHAVIOUR, McGraw-Hill.
• “FINANCIAL ACCOUNTING”, by Charumathi. B. and Vinayakam, N.
• Anyone Financial Daily out of Economic Times, Financial Express, Business Standard.
• Robbins: ORGANISATIONAL BEHAVIOUR, McGraw-Hili.
• Jain, S.P., and K.L. Narang (2014). Cost Accounting, 24/e; New Delhi: Kalyani
• Publications
• “Management Accounting”, by Khan, M.Y., and P.K. Jain (2013).
• Stoner & Wankel: MANAGEMENT, Prentice Hall.
• Glueck, William F., and Lawrence R. Jauch’s “Business Policy and Strategic Management”.
• Koontz & Weihrich: MANAGEMENT, McGraw-Hill.
• “PRACTICE OF MANAGEMENT”, by Peter F. Drucker.
• Mintzberg, Henry, and James Brian Quinn’s “The Strategy Process”
• “Implanting Strategic Management”, by H.Igor, Ansoff.

Following is the list of books which MBA students must read

• The Lean Startup by Eric Ries
• Good to Great by Jim Collins
• Ben Horowitz’s “The hard thing about hard things”
• What colour is your Parachute? By Richard N. Bolles
• Why popcorn costs so much at the movies? By Richard B. Mckenzie
• Outliers: The story of success by Malcolm Gladwell

Management Course in Ireland - Is it Safe for Indian Students?

• Ireland consists of many Indians residing there currently. There are about 1,00,000 Indians in Ireland. Galway, Athlone, Dublin, Cork, Limerick are the cities where most of the Indians are residing.
• From student’s safety point of view, Ireland is a good place. Travelling in Ireland is not dangerous for anyone including students.
• The danger is only of pickpockets who can snatch your wallet or bag within fraction of seconds. The risk of pickpockets is not only in the Ireland but it can be anywhere in the world. The country is safe for Indian people including Indian students other than the danger of pickpockets.

What is the Cost of Studying Management in Ireland?

As we have seen, there are different types of management courses at various management colleges in Ireland. Thus, the fees for these management courses also vary depending upon the college or the university and the course which students choose.

The cost for full time MBA in Ireland (Business Management) courses at the University college Dublin and at the Trinity college Dublin are in the range of 34,000 Euros, that is around Rs.27,20,000. At Griffith college, the fees for MBA in international business are 14,000 Euros that is around Rs.11,20,000.

MBA - General, MBA in Cloud computing, MBA in Finance, MBA in Human Resource management, MBA in Information systems, MBA in Marketing, MBA in Project management are different MBA courses available at Dublin Business School and the fees for these courses are also less which are 11,500 Euros, that is around Rs.11,20,000 per year and these are only one year courses

There are some colleges in Ireland where MBA can be done in between 7 to 10 lakhs per year. These colleges and the courses are as follows

Additional cost of living, food and other expenses would get added to the above fees. This cost is in between Rs.5 to 10 lakhs per year depending upon student’s lifestyle.

Thus, the total cost of studying management courses or MBA in Ireland goes up to Rs.25 to 35 lakhs for one year depending upon which university or course students have chosen and their style of living.

Required Documents for Students Visa to Ireland

While studying in Ireland each student needs an additional cost of Rs. 5 to 6 lakhs per year in addition to the course fees as the living cost in Ireland. Thus, before applying to a study visa students or their parents need to show at least 5 to 6 lakhs rupees in their bank account.

This amount is the cost of living for an international student only for one year and thus, your parents or you should be able to prove that you will be able to manage this cost every year. Thus, the cost of studying MBA in Ireland for international students goes up to Rs.15-30 lakhs/year depending upon the mba college where student would get the admission.

The following documents are required for a study visa

The following documents are required for a study visa

• Medical insurance papers from a private medical insurance company.
• A latest passport size photograph
• Bank statement of the student’s or his/her parent’s account as a proof of enough funds (at least Rs.5.5 to 6 lakhs), as these funds are required as the cost of living for one year at Ireland.
• A proof which will show that your parents or sponsor will be able to provide Rs.5 to 6 lakhs every year for the years of student’s study.
• Good scores in either of the IELTS or TOEFL.
• Acceptance letter from a recognized Irish university which confirms that the student has been admitted to a full time course.
• A receipt or something as a proof of the payment of tuition fees.

Accommodation & Hostel Facilities in Ireland (For MBA Students)

• In Ireland, there are two types of accommodations available: Self-catering or rented accommodation and on-campus or university managed accommodation.
• In Self-catering or rented accommodation, students can rent the houses on a lease period of 9 or 12 months. The rent can be paid per month. Only a deposit amount which is equal to the one month’s rent should be paid to the owner, which will be returned by him when the students leave their houses.
• Many of the students always prefer on-campus or university managed accommodation, which is available in many colleges, but on campus accommodation can be expensive.
• There is also an option to live with a host family for the students. This option will provide students home comforts, as well as a family which can help them greatly to settle in a completely new country.
• In the on campus accommodation, students can get 2 options, catered or self catered. In the catered accommodation, students can get food from mess and it is at a fixed cost. Students have to pay charges of such types of accommodations in 2 installments. In self catered accommodation, students can cook their own food.

About Ireland

• ‘Dublin’ is the capital of Ireland. This island is world’s 20th largest island.
• Ireland is located in the Northwest Europe and it is the most beautiful green country. The Irish sea separates the Great Britain and Ireland, Ireland which is nothing but an island.
• The island Ireland’s climate is influenced mostly by the Atlantic ocean. Thus, like the other countries at the similar latitude, Ireland does not have the extreme temperatures.
• The island of Ireland consists of a vast hilly area with number of plains and rivers too.
• ‘Euro’ is the currency of Ireland. Ireland promotes gender equality.
• The primary religion followed in the country is Christianity, as there is not any official religion in the country. English and Irish both are the country’s official languages. Many of the Irish families whose generations are living in Ireland from many years can understand and speak Irish.

Climate Conditions in Ireland

• The hills and the mountains gives protection to the island from strong winds coming off the ocean. The warm ocean currents help to keep temperatures in the Ireland mild.
• The island Ireland’s climate is influenced mostly by the Atlantic ocean. Thus, like the other countries at the similar latitude, Ireland does not have the extreme temperatures.
• The warmest months are July and August and there are about 18 hours of daylight during these months so it gets truly dark only after 11 pm at night. In winter season, the average temperature is 2°C to 7°C and in summers, the temperature is 17°C to 20°C. The coldest months are January and February.