MBA in South Korea: Top Universities, Colleges & Fees

Why Study MBA in South Korea?

There are about 400 national and private universities in South Korea. Some South Korean universities have state-of-the-art research facilities in several new and emerging scientific fields. South Korean Universities are ranked among the top 100 universities in the world by all the major world ranking agencies. The best thing about Korean universities is that the majority of the graduate programs including MBA are lectures in English. Korean universities that are oriented towards international students conduct 30% of their lectures in English Language. Korean universities provide highly ranked and top-rated MBA programs. MBA degrees from South Korean universities are acknowledged and accepted all over the world. An MBA degree from Korea opens the door to all sorts of opportunities in the world.

Top MBA Universities in South Korea

South Korea is home to some of the world’s most prestigious universities. Korean universities are regularly featured among the top-ranked universities in all the major world university ranking bodies. We have given a list of top South Korean universities for MBA in the world.

MBA Admission Requirements in South Korea

There are hundreds of universities in South Korea offering highly ranked MBA programs. The minimum admission requirements for international students are different for every university in South Korea. Therefore, international students should check the minimum admission requirements before applying to any Korean university. The general admission requirements for MBA programs across the Korean universities are as follows:

• Application form
• Photocopy of Business Registration Certificate(or distinct number of certificates) of a respective education institution
• Standard Acceptance Letter
• Documents proving the final level of education
• Documents proving your financial ability to support yourself
• Essay
• Resume/CV
• Two Letters of recommendation
• English language proficiency

Entrance Exams Accepted by MBA Universities in South Korea

To get into MBA programs in South Korean universities, international students must meet the minimum requirements in entrance exams. The entrance exams accepted by universities offering MBAs in South Korea are:

• TOEFL
• IELTS

Student Visa Fee in South Korea

International students wishing to study in South Korean universities must first receive a university admission letter and prepare the necessary documents for entry into Korea. South Korea issues two types of visas according to the type of study you undertake at your chosen Korean university. International students who will pursue a standard degree must receive a D-2 visa, whereas students who plan on enrolling in non-degree-seeking programs (such as Korean language study or other foreign language study) will need to obtain a D-4 visa. The cost of a study permit for South Korea is generally USD 45 for a single entry. It is easier to purchase a 90-day student visa and then renew it once you are in Korea if you intend to be there longer than 90 days.

Cost of Studying MBA in South Korea

The cost of studying in South Korea will include the tuition fees and cost of living. The cost of studying is a great concern for international students going abroad for higher education. International students should check the cost of living before applying and then compare it with other countries.

MBA Tuition Fees in South Korea

The tuition fees in South Korea vary from university to university. And, the tuition fees in public universities are lower than the private universities in South Korea. Therefore, international students should check the tuition fees at their university before applying.

Cost of Living in South Korea

The cost of living includes the cost of housing, transportation, study materials, and miscellaneous expenses. The cost of living will vary from individual to individual and will depend on the lifestyle. The average cost of living for a comfortable stay in Korea during the study period is as follows:

MBA Scholarships in South Korea

Korean Universities offer various types of scholarships for international students. International students can apply for their scholarships along with their course application. The scholarships are available at university and department levels. However, there are various scholarships offered by external funding agencies. Some of the most popular scholarships offered to Indian students by external funding agencies are:

Jobs after MBA in South Korea

International students need to upgrade their student visa from D-2 to D-10 which is for job seekers. In accordance with the attached job seeker visa point system chart, out of the total 180 points, eligible candidates must score a total of 60 points and receive at least 20 points in the basic requirements section. International students need the following documents to receive permission for doing a job in South Korea:

• Application, photo, copy of passport, fee, copy of identification card
• Plan for seeking employment
• Diploma
• Proof of career (if applicable)
• Proof of Korean language proficiency (if applicable)
• Letter of recommendation for employment (if applicable)
• Recommendation from the head of the central administrative agency
• Proof of being a high-earning professional (if applicable)