MBA in India or Abroad?
Before diving into whether you should do MBA in India or abroad, you must understand what is MBA & What is the general structure of an MBA course is:
What does MBA entail?
A master’s in Business Administration, or MBA, is a program that is available at universities that have received UGC approval. When looking for employment and internships, the degree becomes quite important and beneficial. The best chance of finding a lucrative professional path is with an MBA, thus students from all backgrounds apply to MBA programs, not only those who studied BBA as their undergraduate major. Business administration topics covered in the course include those relating to accounting, human resources, management, entrepreneurship, operations management, business ethics, business law, business communication, and, in general, any skill required to operate at the corporate level. How quickly the number of business schools is growing in India is evidence of the success of an MBA degree.
Type of MBA in India vs Abroad
| Types of MBA in India | Types of MBA abroad |
| Full-time MBA | Full-time MBA |
| 1-Year MBA | Executive MBA |
| Executive MBA | Part-time MBA |
| Part-time MBA | Dual MBA |
| Distance/ Online MBA | Distance/ Online MBA |
MBA from India
One of the most popular programs in India is the MBA, which many students choose to enroll in immediately following their Bachelor’s degree. Many working individuals get their MBAs as it increases their prospects of professional advancement. Let’s discuss all the details of the MBA that might influence a person’s decision to enroll in the program.
Cost of Study
Our financial situation may have a significant role in all decisions. Additionally, learning the cost is crucial if you intend to enroll in an MBA program. The university you choose will have a significant impact on the cost of your MBA. It will cost you between INR 8 lakh and INR 23 lakh if you do it from an IIM. IIM Ahmedabad’s MBA PGPX program costs INR 28 lakh for one year. The program fees for an MBA at a tier-2 business school in India, however, begin at INR 8 lakh.
Entrance Exams for the MBA
The Common Admission Test is the most widely used of the various MBA admission exams offered in India (CAT). The CAT evaluates a candidate’s verbal, logical, and mathematical skills. It is considerably more difficult than the other exams. The nation’s most esteemed business schools, such as the IIMs, accept CAT results. Candidates are asked to take part in group discussions and personal interviews if they meet the cutoff score. The other admission exams for MBA in India include the similarly formatted SNAP, XAT, NMAT by GMAC, and IIFT.
MBA Course Structure
It is possible for MBA course structures in India to differ from one business school to the next. Although the fundamentals are constant. The MBA course structure in India, however, is more theoretically oriented. There are four semesters in the two-year MBA program. The principal topics that one must study over these two years are
- Business Communication
- Economic Environment of Business
- Financial Accounting
- Financial Management
- Human Resource Management
- Management Accounting
- Information Technology Management
- Management of Information System
- Managerial Economics
- Management Science
- Marketing Management
- Marketing Research
- Organizational Behavior
- Organization Effectiveness & Change
- Quantitative Methods
- Production & Operations Management
- Business Ethics & Corporate Social Responsibility
- International Business Environment
- Legal Environment of Business
- Project Study
- Strategic Analysis and Strategic Management
Other MBA Specialisations
- Finance, Marketing
- OB & HRM
- Production & Operations Management
- Entrepreneurship
- Information Technology Management
- Service Management
Also read: Which MBA specialization is best in 2022? The reality of Marketing, HR & Finance
Placements
There may be differences amongst business schools in terms of the course structure for an MBA in India. While the fundamentals remain constant. The framework of the MBA program in India, however, places more of an emphasis on theories. In the two-year MBA program, there are four semesters. Over the course of these two years, a student must primarily study the following topics:
Salary
The candidate’s MBA program’s business school has a significant impact on the wage range. The pay range might be between INR 18 lakh and INR 25 lakh if the candidates have an MBA from prestigious business institutions like IIMs and ISB.
MBA from Abroad
Many Indian applicants want to pursue their MBAs abroad. However, students should be aware that some of the greatest colleges and business schools in the world require applicants to have at least four years of professional experience before being admitted to an MBA program. Let’s learn more about MBAs from other countries.
Cost of Study
One of the reasons why many applicants come from India is the expense of an MBA program in other nations. The cost of tuition for a two-year MBA in the US ranges from $90,000 (66,84,871) to $1,40,000. (INR 2,975,544). The cost of the one-year course will be reduced, ranging from $55,000 (INR 40,85,323) to $80,000. (INR 59,42,288).
Entrance Exams for MBA
Candidates must take exams like the GMAT and GRE if they want to study for an MBA at a foreign university. Candidates may select the exam date of their convenience because these exams are offered on a rolling basis.
MBA Course Structure
Knowing the course format is crucial when we compare MBA programs offered in India and elsewhere. This aids applicants in deciding whether to pursue an MBA overseas. The methodology is more practical when it comes to the MBA abroad course format. Candidates get case studies to study from various business enterprises. This further enables students to apply all that they have learned in theory to practice. A few of the topics that are frequently covered in an MBA abroad include:
- Accounting and Management
- Business, Government & the International Economy
- Finance
- Entrepreneurial Management
- General Management
- Negotiation
- Organizations & Markets
- Marketing, Strategy
- Technology & Operations Management
- Leadership & Organizational Behavior
- Technology & Operations Management
The MBA specializations can be done in subjects like
- Marketing
- Finance
- Hospitality Human Resources
- Supply Chain Management
Placements
Students are not always offered internships by all MBA programs overseas. None of the universities can promise a job placement, even if some may help the students in their employment search. Students themselves must look for employment. However, attending a top business school overseas enhances a student’s resume and makes it simpler for them to get employment. Additionally, a lot of B-schools overseas host workshops and industrial tours, which is a great way to meet potential employers.
Salary
One of the most intriguing aspects of taking an MBA course remotely is the salary. Candidates who complete their MBA at highly regarded institutions like Harvard University or the University of Pennsylvania’s Wharton School may even receive a salary of $1,05,008 (about INR 78 lakh) per year, although the compensation packages at other business schools vary greatly.
MBA in India vs Abroad
| Key Points | MBA in India | MBA Abroad |
| Program Duration | 2 Years | 1-2 Years |
| Study Type | Full Time | Full Time, Part Time, Online |
| Specializations | Finance, Marketing, HR, Entrepreneurship, International Business, Supply Chain, Healthcare, etc. | Finance, Marketing, HR, Entrepreneurship, Data Analytics, Digital Marketing, Consulting, Information Systems, etc. |
| Teaching | Theoretical | Theoretical and Practical both |
| Average Cost | Rs. 7-25 lakh | Rs. 20-75 lakh |
| Average Salary | Rs. 8-30 lakh | Rs. 25-70 lakh |
Indian MBA vs Foreign MBA: Pros and Cons at a Glance
| Pros of MBA in India | Cons of MBA in India |
| Familiar milieu Job/placement guarantee Cost Factor Work experience criteria Admission criteria |
Poor Average Salary after MBA Courses available are limited and restricted as well |
| Pros of MBA Abroad | Cons of MBA Abroad |
| Good Average Salary after MBA A plethora, of course, options are available |
No job or placement guarantee Personal criteria Cost factor Work experience criteria Admission criteria |
Is an Indian MBA valid in foreign countries?
Yes, as long as the degree has the “All India Council for Technical Education” (AICTE) certification, it is recognized abroad. The MBAs from the leading universities in India, including IIM Ahmedabad, IIM Bangalore, and ISB Hyderabad, are genuine and ranked among the top 100 MBA programs worldwide. Some of the greatest nations, such as the USA, UK, Canada, etc., greatly value education from these top-tier B-Schools in India.
What is the starting salary after doing MBA in India?
From one organization to another, salaries might differ. The university, the state, the nation’s economy, and other political and economic variables are other elements that are crucial. However, in India, the beginning salary for an MBA graduate from a respectable institution or college ranges from Rs. 2,50,000 to Rs. 3,000,000.
Top Colleges for MBA Abroad
Here is a list of the top MBA schools worldwide that offer top-notch instruction and academics to students. These colleges are the most renowned when it comes to business education since they provide a wide range of chances and placements as well as a robust alumni network:
| Top MBA Colleges | Location | Global MBA Rankings 2021- QS |
| Stanford Graduate School of Business, Stanford University | USA | 1 |
| Wharton School of the University of Pennsylvania | USA | 2 |
| MIT Sloan School of Management | USA | 3 |
| Harvard Business School, Harvard University | USA | 4 |
| HEC Paris | France | 5 |
| INSEAD France, INSEAD Singapore | France and Singapore | 6 |
| London Business School | UK | 7 |
| Columbia Business School, Columbia University | USA | 8 |
| IE Business School | Spain | 9 |
| Haas School of Business, University of California, Berkeley | USA | 10 |