Indian MBA Vs Foreign MBA

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Indian MBA Vs Foreign MBA

MBA is undoubtedly the most popular and sought-after course by students across the world because it is more of an investment rather than education. Theoretically, business school is about gaining new skills and insights into business, meeting new colleagues, and learning the intangibles of becoming a manager. However, the dilemma most students face is whether to opt for an MBA degree from India or abroad. Let’s check various aspects that are included while choosing an Indian MBA vs Foreign MBA degree.

Indian MBAForeign MBA
Entrance ExamsCAT, IIFT, NMAT by GMAC, SNAP, XAT, GMATGMAT, GRE
Average FeesINR 7.5 lakh – INR 25 lakhINR 20 lakh – INR 70 lakh
Salary Package (Approx)INR 18 – INR 19 lakhINR 45 lakh
Work Experience requiredNo work experience necessary2-3 years

Exposure and Global Outlook 

Being a highly interactive subject, learning in an MBA degree is influenced by peers and classmates. Business is all about learning how to sustain and grow in every season and situation. In the Indian MBA vs Foreign MBA debate, studying abroad will give you an edge when it comes to exposure and global outlook.

B-universities have the most significant facets that are diversity, alumni connection, brand reorganization, global exposure, and strong industry connections. Most classmates would also have 3-4 years of work experience. They come from a variety of backgrounds like finance, high-tech, marketing, poetry, television, films, and other fields. You also get to analyze and look at problems from different perspectives. Apart from that studying MBA also gives you exposure to new cultures, languages, and also helps you become independent and make effective decisions in uncertain situations. 

Cost of Study – Indian MBA Vs Foreign MBA

The cost of studying is usually the deciding factor for many students because of the extra expenses incurred abroad. The tuition fees in universities abroad for an MBA degree costs around from around $90,000 to $1, 40,000 depending upon the university you’re applying to. The one-year programs would cost slightly less in the range of $55,000 to $80,000. The cost of living might increase expenses. India has a cheaper cost of study in the debate between studying an Indian MBA vs Foreign MBA, with the tuition fees ranging from INR 7.5 lakh – 25 lakhs depending on the university/college.

Must Read: Exams for MBA Abroad

Placements

The placements offered by Indian institutions are easily available as compared to universities abroad. Even though the universities overseas assist students in their job hunt, finding a job that matches your degree might be a little difficult. For securing your place at a deserving position abroad, you might have to struggle and consider lower positions, to begin with. These little steps will further add to your experience. Despite the location of your studies, you can enhance your soft skills and hard skills to easily be hired during placements. 

Indian MBA Vs Foreign MBA – Salary

Apart from the university you choose, the most important factor can severely depend on the position, skill set, extra courses you have completed, etc. However, an average salary for a student who has completed an MBA from India ranges from INR 23 lakhs-25 lakhs. On the other hand, completing your MBA from renowned universities abroad can get you a salary of INR 78 lakhs.

Must Read: Best MBA Jobs

Top colleges in India for MBA

To avail of the best academics in business, the following is the list of top colleges and universities in India that provide an excellent education at a cheaper price:

  1. IIMs
  2. Indian School of Business
  3. XLRI Xavier School of Management
  4. IITs
  5. Management Development Institute
  6. SP Jain Institute of Management and Research
  7. Faculty of Management Studies
  8. SVKM`s Narsee Monjee Institute of Management Studies
  9. Indian Institute of Foreign Trade
  10.  National Institutes of Technology (NIT)
  11. Jamnalal Bajaj Institute of Management Studies
  12. Symbiosis Institute of Business Management
  13. ICFAI Foundation for Higher Education
  14. Indian Institute of Foreign Trade (IIFT)
  15. International Management Institute
  16. Xavier Institute of Management (XIMB)
  17. Banaras Hindu University
  18. Amity University Noida
  19. Birla Institute of Management Technology
  20. University of Petroleum and Energy Studies

Must Read: Top MBA Colleges in India

Top universities abroad for MBA

The following is a list of the best MBA colleges abroad that provide exceptional academics and training for students. With a variety of opportunities and placements along with a strong alumni network, these universities are the most notable when it comes to business education:

  1. Stanford Graduate School of Business, Stanford University
  2. The Wharton School, University of Pennsylvania
  3. MIT Sloan School of Management, Massachusetts Institute of Technology
  4. Harvard Business School
  5. HEC Paris
  6. INSEAD France 
  7. INSEAD Singapore
  8. London Business School
  9. Columbia Business School, Columbia University
  10. IE Business School
  11. Haas School of Business, University of California Berkeley
  12. Booth School of Business, The University of Chicago
  13. IESE Business School, University of Navarra
  14. Esade, Ramon Llull University
  15. The Kellogg School of Management, Northwestern University
  16. Anderson School of Management, University of California, Los Angeles
  17. Saïd Business School, University of Oxford
  18. Cambridge Judge Business School, University of Cambridge
  19. The Yale School of Management, Yale University
  20. Stern School of Business, New York University

Also Read: Best MBA Colleges in World

FAQ

Is a foreign MBA valid in India?

In India, management is one of the major fields chosen by undergraduates and graduates to pursue higher education. A foreign MBA is even more desirable to a great majority of Indian students and professionals. After all, a master’s degree in business administration from a foreign business school can really do a lot of great things for you as it is highly valued in India.

Is it better to do MBA in India or abroad?

The answer to this question is simple- if you can afford doing MBA from abroad, from a mid-level university, it is all the way better than doing MBA from a private institute or university in India. Simply put, the return on investment is better.

Which country is best for MBA for Indian students?

Here is the list of top 10 most popular countries for pursuing an MBA abroad:


1. United States
2. United Kingdom
3. Canada
4. Australia
5. Switzerland 
6. New Zealand 
7. Germany
8. France
9. Spain
10. Singapore

Is Indian MBA valid in the USA?

Of course, they are!  The MBAs of the best institutes in India are very much valid in abroad. In fact, few institutes like IIM Ahmedabad, IIM Bangalore, ISB Hyderabad and more are internationally recognized as being among the top 100 institutes in the world to do an MBA. Their degree is not only valid but highly regarded and appreciated in countries like the United States, United Kingdom, Canada and more. 

What is the starting salary after doing MBA in India?

Salary can vary from organisation to organisation. Also, there are other factors like the university, state, economy of the country, and other economic and political factors play an important role. But the starting package after doing MBA from a decent university or college is around Rs 2,50,000 to Rs. 3,00,000 in India. 

The following were the major aspects of differences between an Indian MBA vs Foreign MBA. Deciding where you wish to get your MBA degree is crucial because it is an essential step in the business world. Hope this blog helped you understand the various distinctions clearly. If you have any confusion and need clarity or guidance, our experts at Leverage Edu will help you get admission to your desired university/ college. Book a free e-meeting with our experts and initiate your journey with the correct step!

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