In India, the craze for foreign education is on a new high. In fact, it is for the first time that India surpassed Japan as the second largest source of foreign students in India.

One of the reasons for the sudden spur in outbound traffic is aggressive marketing by foreign universities and B-Schools in India.

Besides the UK and the US, Australia, Canada, New Zealand and Singapore have started attracting the starry-eyed MBA aspirants.

Overseas MBA degrees come for a price. Pursuing an MBA degree could cost between Rs.14 lakh to Rs. 30 lakh depending on the school.

However student loans, fellowships and assistantships and the ample earning opportunities in these countries, help the Indian students in reducing some of their financial burden.