Mohsin235385

Should I study mba from India or abroad

Should study mba in india or abroad

by Mohsin235385
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3 answers

RE: Should I study mba from India or abroad

Ravi Thakor
Ravi Thakor
Verified Career Expert
Business Analyst at Capital Novus
  • Ahmedabad

Dear Friend,


MBA, Masters in Business Management, has become a very common career path now a days for any graduate, this is fact and no one can deny it, and therefore I would like to say sorry if my words make you angry at me!!!!!!

First of all you need to ask couple of questions to yourself and get the answers from within yourself before getting the answers from outside world.

Studying in abroad and studying in India makes a lot of difference in your life or for that matter in anyone's life and specially for those who belong to the middle class of the society.

Second thing is why MBA and why not any other course??? Is is because your friends are doing it and you want to follow them or you actually have any interest towards Business Management???

Doing something with the interest and having love towards it makes that particular thing more beautiful and doing something because somebody else is doing and I should do it too, makes it more worst and difficult for you because you don't have interest or love towards what the other person has whom you are following.

Now, let me answer you question. Whatever I have told you above is because that is where it does make difference for you if you do your MBA from abroad or India.

In India you will find 1000 colleges from where you can do MBA but you don't know that there is only one University in India which offers MBA in a different manner and with a different name that is MBL ( Masters in Business and Law). Now you can understand doing your MBA from any of this 1000 colleges can give you only MBA degree while doing from this only University you can get Masters Degree in Business Administration as well as Law. (THIS IS A PLUS POINT FOR DOING MBL FROM INDIA)

Second thing is Doing MBA from Abroad costs you minimum 20 laths which is a huge money my friend. And after spending all these money there is no guarantee that you will get a good job in India, just because you have done an MBA from abroad doesn't mean you have come up with a different degree. And this is all applies only if YOU CHOOSE TO COME BACK AFTER YOUR STUDIES ARE COMPLETED. There are plenty of students going abroad and never come back, they do come back but after getting either Citizenship of Permanent Residence of that country. I you also dont want to come back than dont spend 200 Lakhs behind MBA and spend 4 to 5 lakhs to get an admission in some Diploma Course in Abroad.

As far as the only MBA is concerned I MUST INFORM YOU THAT THE BESTEST OF BEST COLLEGES AND UNIVERSITY FOR MBA ARE IN INDIA, such as IIM, Symbiosis, Jamshedpur XLRI, doing MBA from this Unis are more rewarding than doing it from Abroad.

So considering Money, Family, Job Prospects and other factors I would suggest you to do your MBA from India only, if you really want to do MBA.

I hope I have answered your questions correctly.

I wish you best luck and good wishes for your future.

Ravi.....

RE: Should I study mba from India or abroad

Dr Aparna
Dr Aparna
Verified Career Expert
PhD Organizational Psychology
  • Hosur

Hello


Thank you for choosing Mera career guide and writing to us. I understand you would like to do your MBA but are confused to study at the right destination. In my experience, I would say MBA is right for someone who has a minimum of three year work experience. Studying an MBA without sound work experience is challenging in two ways. One, the student will definitely find the course difficult without having a good understanding about how the industry functions. Second, the career probability. MBA destinations are often choosen only to upgrade your present career. So a fresher doing a MBA is of low value. Instead a fresher could do a PG Diploma course in India or consider doing a Masters in Management abroad. As a fresher if you gradaute with an MBA, you are really not preferred by companies as you have lack of work experience. In sum, I would say if you don't have work experience and would like to study a Management degree, choose studying a PGDM in India or MSc abroad.

If you are choosing to study abroad, it is a rich experience as you will get to study with talented students from around the globe. Meeting and interacting with students from different cultures and educational backgrounds will also add so much value to your personal development. Studying abroad will automatically help you to understand the policies and practices of industries in that country. This way you could understand how functioning of industries vary across cultures and it will help you work better when you are working on international assignments. If you aspire studying abroad, you should give enough time to research if the schools you choose have scholarship availability. Choose B-schools that are high in ranking and famous after their alumni success. Studying abroad at reputed BSchools will also require you to give GMAT tests. Your scores should be high to be eligible to win an admission and scholarship offer. But BSchools abroad give a lot of emphasis on students with valuable work experience. There are some institutions who offer MBA admissions even if you have lack of work experience but it is of no use in my point. You will end up job less even after spending up to 20 lakh.

In sum, if you are attracted to studying abroad, you can consider MSc Management course if you don't have good work experience. If you have high scores in your Bachelor degree, universities abroad would give you scholarships that will reduce your MSc tuition fee. You could save money this way to a large extent. On the other hand, if you want to study in India, consider doing a PGDM at reputed schools here. If you have some good work exp, you can try for an MBA here at the ISB or IIMS.

I hope this helps. Good luck.

RE: Should I study mba from India or abroad

Gomathi Venkat
Gomathi Venkat
Verified Career Expert
Managing Director at GV Counseling Group
  • Bengaluru

Dear aspirant


It is appreciating to see your decision to study abroad. Choosing to study abroad highly depends on where you want to study and what is your background until now. Students actually think that studying an MBA abroad is costlier than studying an MBA in India and actually it is not true. The money you spend in top esteemed schools in India like the ISB hyderabad, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, Great lakes institute of management ECR Chennai, Amity university business school, IIPM, Alliance university business school Bangalore, Symbiosis pune, XLRI are almost charging you nearly 10lakh plus for a two year MBA in India. And especially some of the schools indicated above like the ISB Hyderabad are nearly 15 lakh for two years. So this cost is almost equal to studying an MBA abroad in countries like UK, Singapore, Germany, few universities in USA or Sweden and at other counties the cost may be a little variant.

I often meet students who leave the idea of studying abroad simply thinking it is costlier and therefore i explained here that it is a myth. You can complete an MBA abroad within 15-18 lakh as equally as it costs at ISB hyderabad. Moreover studying abroad can give you good scholarships and internships experience too. You can apply for MBA scholarships and Indian students always get a quota for them at most abroad universities. If you are willing to study abroad with scholarships then you should definitely convince the university with four criteria.
1. Very good percentage at undergraduate study, preferably a merit or distinction score.
2. At least two years of work experience and a very sound recommendation letter from your manager explaining on your managerial skills and team working skills,
3. You should also get a very top score in GMAT exam. Studying MBA abroad requires GMAT as a mandatory exam and the exam is scored out of 800. Students should at least get 85% to 90% and above like the 700 score range to convince universities to give you some scholarships,
4. Finally the IELTS score or TOEFL score. You should get a 7.0 overall score in IELTS or 100-110 plus in TOEFL exam and universities will be definitely convinced to give you scholarships

There are some universities who offer MBA seats without GMAT exams and please dont consider such universities as completing your course you will often struggle to find a job abroad. Also choose the country that lets you work after study. Canada, Singapore, Germany. Newzealand, Australia and Netherlands are good options as they give you at least one year time to live and search for jobs. All the best.
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RE: Should I study mba from India or abroad

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