MBA IN INDIA V/S ABROAD
The Master of Business Administration (MBA) degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approach to management. The first school to start MBA program was Wharton school of business in University of Pennsylvania in 1881, a school of Joseph Wharton, an American entrepreneur and philanthropist. The first B-School in India was XLRI Jamshedpur in 1949, and since then the growth of MBA Colleges in India, and especially in metro cities like Delhi, Bangalore and Pune etc had seen a massive upsurge in both number of colleges and annual footfall in MBA colleges in Delhi, Pune and Bangalore.
With so much popularity of MBA/PGDM, there is a rising question that which one is better gaining an MBA in India or abroad. MBA in India is generally comprehended with IIMs and some top MBA colleges in Delhi, Noida and Bangalore etc.
So let’s analyze some key points in understanding MBA in India Vs abroad.
Entrance
- MBA Colleges in India takes intake of students based on many national level tests such as CAT, MAT, XAT etc. Many top colleges in Delhi/Bangalore/Pune intakes according to the percentiles in these entrance tests, some college like symbiosis conducts their own exam SNAP.
- MBA Colleges in abroad generally accepts admission from foreign national on the basis of GMAT score.
Career Prospects
- In India colleges like IIMs and FMS Delhi have observed an increase in number of employers year after year. Many top MBA colleges in Delhi/Mumbai/Bangalore/Pune like NMIMS, SPJIMR, Symbiosis etc have also experienced a higher employer ratio over the past decade or so.
- The foreign MBA is comparatively observes a greater field of employers per year. MBA Colleges in rich countries like US, UK, Australia observes 100s of number of recruiters per year. This is due to the total advancement in the commerce of the particular country.
Placements
- Colleges like IIMC and FMS DU observes highest CTC offered in the nation. Last placement in FMS DU observed highest package offered as 1.02 crore. India is a growing market for MBA , and Delhi/Noida/Bangalore/Pune hubs for MBA in India which have a high concentration of corporate which offers a pretty decent package to take home.
- Being commercially ahead of India, MBA from rich countries always bags you up with a crazy package deal, sometimes the CTC offered in countries like US/UK etc are 5 times of the salary offered in India.
Course Pattern and structure
- In India, doing MBA is a rigorous 2 Year academics/Projects/presentations package. We have a large syllabus to follow in India, which is backed up by lots of projects and presentations.
- In countries like UK, MBA is generally one year duration, but in US the duration of MBA is same as India. The only key difference is that foreign MBA is more practical oriented then academics.
Fees and other expenses
- Fees in Indian MBA Colleges is high as per Indian standard, but not much at par according to international standards, colleges like FMS Delhi have a minimum fees of around 25000 but other top MBA colleges like IIM have a much higher salary.
- MBA in foreign countries have a much higher fees and living costs as compared to Indian B-Schools. One of the top B-Schools in the world Harvard University has a massive fees of $72000.
For more information regarding any query related to exams like CAT/MAT/XAT etc or any query regarding to MBA/PGDM Colleges please visit Edumyra.
Source - Edumyra
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