MBA in India vs MBA Abroad
MBA is one of the world's most prestigious degrees. There is nothing that an MBA from a reputable institute cannot get you, whether it is a lavish lifestyle or a job with an A-listed company. The question now is whether you should pursue an MBA in India or in a foreign country. Let us compare and contrast MBA programs in India and abroad.
MBA is one of the world's most prestigious degrees. There is nothing that an MBA from a reputable institute cannot get you, whether it is a lavish lifestyle or a job with an A-listed company. The question now is whether you should pursue an MBA in India or in a foreign country. Let us compare and contrast MBA programs in India and abroad.
Cost of Study
MBA programs are expensive, whether in India or abroad. When it comes to higher education, the cost and fees are a major deciding factor for students. Given this, the costs of studying abroad, both for college and for living, are unquestionably higher. An MBA from a reputable private B-school in India is also expensive, but it is less expensive than in countries such as Canada, the United Kingdom, and others.
Entrance Exams
To pursue an MBA with the help of teachers for MBA Exam in India, you must pass exams such as the Common Admission Test (CAT), which is the most popular and can get you into top Indian B-schools (IIM BLACKI, SP Jain, etc.). Other exams include the XAT administered by XLRI Jamshedpur (Asia's best HR college), the SNAP administered by SIU Pune, the NMAT administered by GMAC, the MAT, and the CMAT. If you want to study abroad, you must take the GMAT/GRE, which are computer adaptive exams, as well as IELTS and TOEFL to demonstrate your English proficiency.
Required Work Experience
The majority of B-schools in India accept students with little to no work experience. Of course, candidates with work experience have an advantage, but it has no bearing on their eligibility. Universities in the United States, Australia, Europe, and other countries, on the other hand, require candidates to have at least two years of work experience. You can then decide where you want to pursue your MBA.
Curriculum Structure
The MBA course structure in other countries is primarily application-based. They take a realistic approach, giving students case studies to study. In India, the curriculum is more theoretical in nature.
Placements
Universities in other countries assist their students with placements, but it is not without difficulty. You might not get a job that interests you and will have to start from the bottom. Obtaining placements at Indian B-schools is relatively simple. Students from prestigious universities are even hired as managers.
Salary
Your salary is determined by a variety of factors. These factors include your affiliation with the institution, your skill set, specialization, and expertise. Graduates from a reputable B-school in India can expect to earn between 20 and 25 lakhs. According to statistics, the average salary for an MBA in the United States in 2020 will be around $138,000 USD. Great skill sets, a business mind, and effective communication skills are the reasons.
Networking
Business schools allow you to network more effectively. If you are pursuing an MBA, you will be sitting next to people who will be managers and CEOs in the future. Maintaining connections is therefore critical. Given this, if you pursue an MBA abroad, you will meet people from various cultural and educational backgrounds. This gives those pursuing an MBA from a different country an advantage.
Pros and Cons
As this article draws to a close, just make sure you consider the aforementioned factors before making a choice. Before deciding whether to pursue an MBA with the help of personal tutors for MBA exam from India or from another country, self-evaluation is a crucial step.
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