Career Scope for MBA in India vs Abroad: Average Salaries, Top Sectors & Specialization-Wise Pay

MBA Career Scope India vs Abroad: Investing in an MBA invariably provides a high ROI, but aspiring applicants will invariably have to make the crucial decision about choosing between the premier domestic option and the global option of studying abroad. Each education path offers a unique competitive edge to the individual in terms of career growth opportunities, geographic mobility, and cost considerations.

The domestic route, which would be represented by the highly reputed Indian Institutes of Management and other premier private business schools, would provide strong corporate linkages, an extensive domestic network of alumni, and relatively low-cost fees. Thus, the student is provided with a quick breakeven point after graduation, without the burden of foreign currency debts. On the other hand, the global option, which would include premier business schools of the US, UK, and Europe, acts as a direct entry route into the multinational enterprise pipeline and foreign currency earning structure.

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MBA in India vs. MBA Abroad

The following table highlights the differences between getting an MBA in India and studying abroad. Indian institutions admit students who are graduates or who have done only a very few office jobs. International institutions admit only students who have done four or five years of office jobs. Companies approach the college directly for providing employment in India. But at international universities, students have to make contacts and look out for jobs by themselves. Although international institutions are very expensive, they provide the opportunity to live and work in a foreign land.

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MBA in India: Top 5 Management Institutes in India

The above table represents the best five business schools in India as per the ranking by the government. It includes four IIMs plus the management institute of IIT Delhi. In order to get an interview call from these institutes, one needs to score exceptionally well in the CAT examination. This usually means that one needs to have a percentile ranging from 98 to 99.5 percentile. These five business schools confer the most credible degrees and the best starting salaries.

MBA Abroad: Top 5 Global MBA Colleges Abroad

Below is a table which displays five of the most popular business schools in the world. The schools are found in major cities of America, France, Singapore, and Britain. None of the schools accept students right from university who lack experience in a work environment. Proof of work experience ranging from three to five years in a professional capacity is a mandatory requirement. You should also prove that you scored well in global examinations such as GMAT and GRE.

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Program Cost, Compensation & Return on Investment (ROI)

The following table demonstrates the amount that is charged by colleges and the amount of money earned by students at the end of the course. The Indian colleges like IIT Delhi and IIMs offer students an option to get their entire fees paid back within nine months through job work. The foreign colleges are very expensive, and the fees charged by them are over one crore rupees. But they offer very high salaries in foreign currencies, which help students recover their heavy fees within one year.

MBA Career Scope India vs Abroad: Key Things the Numbers Show

• Indian Colleges Provide Extremely Fast Return on Investment: The government business schools in India offer extremely fast return on investment. As the fees are reduced to the minimum levels, it takes only six months for the students enrolled at IIT Delhi to recover the entire cost of the course. The students enrolled at IIM Ahmedabad and IIM Bangalore recover the cost of their entire course within nine months.

• Need a Huge Initial Investment to Study Abroad: It requires huge initial investment in order to study abroad. The cost of the course itself is somewhere between 1.10 Crore and 1.66 Crore rupees, which does not even include the cost of food and accommodation. Although the money invested is recovered within ten to twelve months due to high salaries earned abroad, yet it is riskier to take such huge student loan.

• Extremely Different Modes of Job Selections: While Indian colleges have big companies coming to the campus for conducting interviews and selecting students for employment, the foreign business schools require the students to call, message and network in order to acquire jobs.

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