How to know which is better? MBA in India or Abroad. Get to know more detail information . Contatct @ Gyandhan.com

2. Which Is Better ?

3.  Better Career Prospects
 Mid-level Career Change Option
 Professional Network
Enhanced Pay
New Skill-set

4. What • Based on your profile, what type of institutions can you get admission?
MBA: The 5 W’s
When
Why
Where
How
• For better job/pay or
• Starting your own company or
• Just for the degree ?
• India or
• Abroad ?
• Are you going to pay back the fees?
• Is the ROI worth it?
• Just after your graduation or
• After some work experience or
• Along with your job ?

5. Course Fees
• MBA in India cost is relatively less compared to MBA Abroad
• Indian MBA from IIMs or ISB: INR 15-25 lakhs
• Abroad MBA from Harvard or Wharton: INR 1-1.2 Cr
Cost of Living • Abroad, cost of living is quite high
Scholarships
• Indian MBA: Aditya Birla Scholarship Program, ISB - AIESEC
Scholarship, Global Business Scholarship, Forte Fellows
Program
• Abroad MBA: Stanford Reliance Dhirubhai fellowship, The
India Trust Fellowship, Joseph Wharton Fellowships, Donald
P. Jacobs International Scholarships
MBA from India vs Abroad : Comparative Analysis

6. School Rankings
• Most of the top 100 B Schoools in the world are not in India
• However, recently the IIM’s and ISB do feature in the Top 100
B-Schools lists, albeit towards the lower end of the list
Experience Factor
• Abroad MBA’s require work exp for admission, which provides
diverse perspectives by experienced peers during discussions
and projects
• Work exp is not a pre-requisite for Indian MBA
MBA from India vs Abroad: Comparative Analysis
- Quality of Education

7. Job Prospects
• Top Indian B-School grads have good job prospects, but
relative to an international B-School, they are typically hired
junior levels due to lower work experience
• Only a select few companies hire for international openings
from India; In comparison, an abroad MBA sets you up for an
international job offer
Pay Prospects
Depends on the school & location
• Avg Sal of IIM-A grad: ₹ 12 Lakhs
• Avg Sal of HBS grad in India: ₹ 26 Lakhs
• Avg Sal of HBS grad in US: $158,000 (~ ₹ 1.01 cr)
Career Growth
• Abroad MBA have greater international brand recognition and
a stronger alumnni network, leading to sharper career
trajectory relative to Indian MBAs
MBA from Ind vs Abd: Comparative Analysis
- Prospects

8. CAT
• Common Admission Test
• Conducted by the Indian Institution of Management
• Consists of Quantitative, Logical Data Interpretation, Verbal
Ability & Reading Comprehension
MAT
• Management Aptitude Test
• Conducted by All India Management Aptitude Testing Service
• Consists of Language Comprehension, Mathematical Skills,
Data Analysis and Sufficiency, Intelligence and Critical
Reasoning and Indian & Global Environment
XAT
• Xavier Admission Test
• Conducted by Xavier Labour Relations Institute
• Consists of Verbal Ability, Quantitative Ability and Reasoning &
Decision Making
MBA from India: Various Entrance Tests - I

9. MBA from India: Various Entrance Tests - II
 FMS Entrance Test (Faculty of Management Studies)
 PG-CET (In all states) - common test foe all states under final stage
 ICFAI - IBSAT
 IIF Entrance Test (Indian Institute of Foreign Trade)
 JMET (Joint Management Entrance Test) for Post-Graduate Degree
Program in Management offered by the IITs & IISc.
 NMAT (NARSEE MONJEE APTITUDE TEST)
SNAP (Symbiosis National Aptitude Test)

10. Location
• If you are clear about your career path and are planning to
ultimately work and settle in India then an Indian MBA is
usually the right option
Costs
• Indian MBAs cost drastically less than their foreign
counterparts
MBA from India: Pros
Simpler Entrance
Process
• Usually a test, followed by an interview
• International MBAs have a rigorous application process,
involving tests, essays, recommendation letters, long
applications and interviews

11. Peers with low/no
work exp
• As work experience is not a requirement for Indian MBA’s so it
leads to lesser experiential learning
Weak Alumni
Network
• Barring the top Indian B-schools, the alumni network is weaker
as compared to their foreign counterparts
MBA from India: Cons
Deceptive
employment stats
• Many institutes operate without the relevant government
approvals/ licenses; They are not bothered about the quality of
education, and also advertise deceptive employment statistics
• Need to be careful before opting for such institutes

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MBA from India: Fees
College Fees
IIM A INR 21 Lakhs
IIM B INR 19 Lakhs
XLRI INR 18.5 Lakhs
IIM L INR 12 Lakhs
FMS INR 21 Lakhs
SP Jain INR 16 Lakhs
MDI INR 17 Lakhs
NMIMS INR 19 Lakhs

13. Scholarships
• Aditya Birla Scholarship Program
• ISB - AIESEC Scholarship
• Global Business Scholarship
• Forte Fellows Program
Corporate
Sponsorships
• If you are working in a company and doing an MBA
simultaneously then your company may sponsor the fees
• In return, you may be asked to sign a contract of working a few
years for the company after completion of the course
MBA from India: How to Arrange Money
Education Loans
• Education Loans are available for Indian MBA’s
• GyanDhan can arrange for education loans at lucrative terms
• GyanDhan does not charge any processing fee

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Indian MBA: ROI
Top 5 Indian B- Schools on ROI
Rank B- Schools
1 FMS - Delhi
2 JBIMS Mumbai
3 SIMSREE Mumbai
4 IIT- Mumbai
5 Universal Business School- Mumbai

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Image Courtesy: Amity

16. Graduate Degree
Entrance Tests -
GMAT/GRE
Language
Proficiency Tests
- TOEFL/IELTS
MBA from Abroad: Requirements
Work Experience
Letters of
Recommendation
Personal Interview
Academic Record
Statement of
Purpose
Experience in
Social Work &
Society Upliftment

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Why Indian Students Prefer MBA Abroad? Poll
Reputation of Educational System 72%
Improved chance of having an
international career
65%
Potential to develop an international
network
53%
Better Preparation of career 52%
Diversity of students 42%
Attraction of location 37%

18. Global Outlook
• While studying abroad for an MBA, your exposure to a new
culture, lifestyle & diverse perspectives will make you a better
professional
• Abroad MBA also helps to secure a relevant job in that country
if they are interested in settling abroad
Strong Alumni
Network
• Helps in numerous career benefits & advancement life-long
MBA from Abroad: Pros
Quality of
Education
• Quality of education abroad is considered to be better than
most of Indian Institutes
• Better Infrastructure, including support for entrepreneurial
endeavours

19. Costs • Fees plus living costs are a lot
Long payback
period
• As the cost of the MBA is quite high, it takes more years (vs.
top Indian MBAs) before you recoup the total cost
MBA from Abroad: Cons
Admission
Process
• The application process is more involved and quite opaque

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MBA from Abroad: Fees
S.no University Tuition Costs
(Annual)
Allied
Expenditure
(Annual,
approximate)
Total Annual
Cost in USD
Total cost in
USD (Two
year program
unless
indicated)
Total Cost in
INR ( Direct
Conversion)
1 Harvard Business
School
$51,200 $ 30,000 $ 83,000 $ 166,000 Rs 75 Lakhs
2 Stanford Graduate
School of Business
$55,200 $ 30,000 $ 87,000 $ 174,000 Rs 78 Lakhs
3 Booth School of
Business, Chicgo
$53,400 $ 30,000 $ 85,400 $ 178,000 Rs 80 Lakhs
4 Wharton School of
Business
Pennsylvania
$58,244 $ 30,000 $ 88,244 $ 176,488 Rs 79 Lakhs
5 INSEAD
Fontainebleau
France and
Singapore
$83,000
(58,00 Euros)
$ 17,000 $ 100,000 $ 100,000
(one year
program)
Rs 45 Lakhs

21. Education Loans
Scholarships
• Stanford Reliance Dhirubhai fellowship
• The India Trust Fellowship
• Joseph Wharton Fellowships
• Donald P. Jacobs International Scholarships
MBA from Abroad: How to Arrange Money
• Education Loans are available for Abroad MBA’s
• GyanDhan can arrange for education loans at lucrative terms
• GyanDhan does not charge any processing fee

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Abroad MBA: Payback Period

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24. Other Useful Resources
 Education loan for MS/MBA abroad: 2 Common Misunderstandings
 Requirements to get admitted into an International MBA
 MBA in India vs. Abroad vs MS vs Job
Gyandhan Partners
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Axis Education Loan ICICI Education Loan
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