MBA is the most common course that most students prefer, however, students not only from the commerce background but from other backgrounds also enroll themselves in this course. Students come from engineering, social science, physics, natural science, etc. The course is ideal for all the students who want to get into top management positions. There is so much enrollment of international students in the Global Business School. So, you might be worried about an MBA in India vs MBA abroad. If you are not sure about where to get the MBA program then you can sort it out by yourself to know which is better for you, an MBA in India vs MBA abroad.
Overview of the MBA in India vs MBA abroad
One of the most important things about an MBA in India vs MBA abroad is the culture and lifestyle that it offers. There are so many things to consider for an MBA in India vs MBA abroad. Here is the description of the MBA in India vs MBA abroad:
- An MBA degree has a lot of positive impacts on the personal growth of all individuals and it contributes to overall personality, and leadership skills and makes you independent.
- The MBA program is highly interactive which can help you gain the experience from sharing your views and thoughts.
- You can choose to enroll in an MBA in India or an MBA abroad, where you can learn about many different languages which gives you more experience as a student.
- Students in your class can be from many different work grounds and having work experience from a variety of academics is important to get a lot of knowledge outside the textbooks.
Entrance Exam requirement of MBA in India vs MBA abroad
The choice of the entrance exam is dependent on the course you prefer to take, either an MBA in India vs MBA abroad. Here is the list of the requirements of MBA in India vs MBA abroad:
- The most common exam for an MBA in India vs MBA abroad is a Common Admission Test or CAT. Some of the universities also conduct their separate entrance exams such as XAT, NMAT, IIFT, SNAP, etc. These entrance exams are important to get admission into the PG diploma in management.
- Once you have cleared all these exams, you will need to appear for the group discussion round and after that, you will need to go for a personal interview to get admission to the university.
- CAT is the entrance exam for the MBA in India and the Graduate Management Admission Test (GMAT) is the entrance exam for an MBA abroad. Students can choose to get the admission test of GRE scores in place of the GMAT.
- The GMAT is more comfortable than the CAT exam as it is conducted many times a year, allowing the student to appear for the exam as per their preferences. If you have decided on an MBA in India vs MBA abroad, you can choose the exam for yourself.
Work Experience Requirements for an MBA in India vs MBA abroad:
There is some kind of work experience required for an MBA in India vs MBA abroad, you will have several options for a prime Indian B – school without any work experience, and it will be based on your academic records and entrance test score however if you apply for IIM, B- school Hyderabad and any other highly competitive class profile then there will be a requirement of work to add a lot of value to your application.
When you are applying to B – School abroad, it is always good to apply with 2 to 3 years of professional work experience to get admission into the top university. You can find an option for an MBA without work experience as it is necessary to assist your level up preparations for MBA in India vs MBA abroad.
Course Structure – MBA in India vs MBA abroad
An MBA in India and vs MBA abroad differences cannot be ignored when comparing a better option for yourself. Look at the basic comparison of MBA in India vs MBA abroad:
| Basis | MBA in India | MBA Abroad |
| Duration of the Course | 2 years | 1-2 years |
| Study Duration | Full-time | Full-time, part-time, online |
| SpecializationsOne to two years | Supply Chain, Healthcare, International Business, Entrepreneurship, Marketing, Finance, and HR, etc. | Data analytics, digital marketing, finance, marketing, human resources, entrepreneurship, consulting, information systems, etc. |
| Teaching Method | Focuses on the theoretical aspect. | Focuses on the theoretical aspect along with practical training and exposure. |
Placements and Salary after MBA in India vs MBA abroad
As everyone needs clarification on an MBA in India vs MBA abroad, the salary and the placement prospectus matter a lot in deciding the right place for your MBA. There are different placements for an MBA in India vs MBA abroad. here is the difference explain:
- Students will find it easy to get jobs after graduating from Indian B schools with excellent profiles of academics. However they offer a lot of job opportunities.
- The general process for campus placement in Indian B schools in companies requires the interview of the students and they send the job offer to suitable students.
- The challenge of getting a job after completing an MBA abroad is a big task for an individual to deal with as you will have a lot of need to focus on networking, answering your skills and finding a way to find a suitable job for yourself.
- When it comes to salary, salary after an MBA in India vs MBA abroad is dependent on your skills, specialization , Academic result experiences, and how you perform in an interview. However, you can find jobs that pay you 15 lakhs to 20 lakhs per annum after completing an MBA in India.
- If you graduate from the Global owned University then you can expect a package of 75 lakhs.
Cost of studying MBA in India vs MBA abroad
When an individual decides to study an MBA in India vs MBA abroad, you will ask yourself which is the better option for yourself in terms of cost. Let’s compare the cost of studying an MBA in India vs MBA abroad. Here is a brief description of the cost of studying:
| Basis | MBA in India | MBA abroad |
| Tuition fees | 7,50,000-25,00,000 INR. | 20,00,000-1,50,00,000 INR. |
| Cost of living | 20,000-30,000 INR per month. | 50,000-70,000 INR per month |
As you can see there is a huge cost in studying MBA abroad. It is up to individual students what they can afford and how they plan their education abroad and in India. There is no compulsion for you to study in India only abroad. However, you can select the best location for yourself according to your own choices and preferences.
Top colleges of MBA in India vs MBA abroad
When it comes to an MBA in India vs MBA abroad, you need to select the best MBA college. You can select the best college for yourself by matching your needs and requirements. Here is the list of top MBA colleges in many different countries:
- USA
- Stanford Graduate School of Business
- Harvard Business School
- Penn Wharton School of Business
- MIT Sloan School of Management
- Columbia Business School
- Canada
- Rotman School of Management
- Smith Business School
- Ivey Business School
- Desautels Faculty of Management
- Schulich School of Business
- India
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- Indian School of Business
- Indian Institute of Management Indore
- New Zealand
- Otago Business School
- Massey University
- The University of Waikato
- The University of Auckland
- Auckland University of Technology
Pros & Cons of MBA in India vs MBA abroad
MBA in India vs MBA abroad is different in terms of, placements, salary, or admission process. Here is the pros and cons of MBA:
| Basis | MBA in India | MBA abroad |
| PROS | A good salary packageDifferent specializations available global ExposureChance of settling abroad | Choice of specialization is limited salary |
| CONS | Choice of specialization is limitedLower salary | Difficult to adapt to the culture and environment cost is 3 times as compared as the cost in IndiaProcess is lengthy work experience is required |
Conclusion
MBA in India and abroad in 2024 is a popular course with common entrance exams like CAT and GMAT. Work experience requirements vary, with Indian schools offering more job opportunities. Salary depends on skills, specialization, academy results, and interview performance.
FAQs
Is it bеttеr to do an MBA from India or abroad?
The answer to this question is simple: if one can afford it, a mid-lеvеl university abroad is bеttеr than an MBA from a private institutе in India duе to a bеttеr rеturn on invеstmеnt. Some universities abroad offer MBA programs at a lower cost than еxpеctеd.
Is it bеttеr to do an MBA in India or Canada?
It takes 1 year to 2 years to complete the MBA program, however, the cost of pursuing the MBA from top Canadian universities is $670K, so you can choose accordingly.
Is thе IIM dеgrее valid in thе USA?
You can get the job in the US, it can not be done in the form of the campus placements but you can apply to the company separately.
Is IIM recognized abroad?
Yes, the degree of the MBA from the IIM is recognized and you can choose to complete the education according to your preferences.
Gaurav Kandari is a seasoned study abroad consultant with over 5 years of experience, specializing in guiding students to the UK, USA, Canada, and Australia. An avid traveler, he draws on his global adventures to enrich his consulting, providing invaluable insights to aspiring scholars.
