The Battle Continues: MBA in India v/s MBA Overseas
Have you ever thought why MBA aspirants go overseas to get a degree when there are MBA colleges in their own country?
Are you confused whether to go abroad for pursuing MBA?
Well. Don’t be. This article throws some light on whether you should do an MBA overseas or not.
Sure enough, both MBAs can be lucrative and give you a larger-than-life lifestyle.
There are, however, some other questions of relevance which need to be asked. We discuss this while dealing with the pros and cons of both.
Ask yourself this first –
Do you wish to work in India after graduation?
If yes, then the Indian MBA is your best bet.
MBA schools curriculum primarily include business strategies that would be most effective in and around the country in which they are located. So, for a person who prefers to work in India, pursuing a foreign MBA would be rather futile. Also, recruiters prioritize students from their home country.
Don’t be misled into thinking that the curriculum will be entirely different because the basics of a discipline cannot be tweaked too much by any university.
It is pertinent to note that an Indian MBA is much cheaper than its foreign equivalent. Nevertheless, this entails that your post-degree salary will be lower than that of an MBA graduate from U.S.A.
Do not, however, expect world-class education in India, unless you’re in one of the top 20 Indian B-Schools.
You will get stunned by the sheer diversity and number of students around you, from multifarious cultural backgrounds.
If you want to be comfortable working outside India after pursuing your MBA, this is the perfect choice since lucrative job offers will be at your beck and call. However, if you prefer staying in India, you would do well to hone yourself with local marketing strategies than world-philosophies.
The sheer difference in pay-package between a top US MBA and its Indian counterpart is huge. This difference springs from the fact that USA and India have a striking difference in currency-valuation.
The cons of all these are mainly that tuition fee for US-based college is massive.To get a great degree, you’ll need to invest reasonable compensation and it may take a lot of time to recover. Scholarships are available at most schools but are not very easy to get.
Case #1: You have to choose between a Top US/EU B.School vs a Top Indian B.School:
We’re talking Harvard Business School, The Wharton School of UPenn, Stanford University-esque top here. Also, European University (EU) Schools as INSEAD, LBS (London Business School), etc. Be sure to celebrate it if you get accepted it any of them.You’re getting the best this world has to offer.
Case #2: You have to choose between a top Indian B.School vs an average US/EU B.School:
Choosing the former is advisable. I say this because obtaining an MBA degree from even an average B-School from US or UK will cost you a fortune. The period of Return on Investment (ROI) is very long overseas, whereas, recovering the education costs in India is relatively much faster.
Case #3: Choosing between an average Indian MBA vs an average Foreign MBA.
This is purely your decision and will be different for different students. Do your research well on the background, history, alumni network, global reputation, job prospects, preferred country of study and preferred country for working, among other factors, of your target B-Schools.
Should you have further questions, do ask us in the comments section below.
Until next time!