Skandh Gupta | Updated: May 13, 2022 18:17 IST
If you are wondering whether you should go for a Masters of Business Administration from India or from a foreign country, then you should stick to this article till the end. This article will tell you all about MBA in India vs Abroad.
Let us start with the basic process to get into a MBA course, and the tests. If you are aiming for universities in foreign country, you would be required to write the GMAT. If, on the other hand, you are aiming at the top universities in India, CAT is the preferred exam. The biggest advantage of GMAT over CAT is that it is widely accepted across the globe. Moreover, it is more flexible. For instance, you can take your GMAT up to 5 times a year and improve your score. Out of all 5, only your best score is selected. However, CAT takes place only once in a year. Both the exams are standardized and has a similar level of difficulty. The biggest advantage of CAT is that it is far cheaper as compared to the GMAT. Also, it opens up all the doors for Indian Universities while GMAT is acceptable only in foreign countries.
Every aspirant should explore all aspects of the course before pursuing an MBA in India vs Abroad. Let us now analyze and compare the variations between an MBA in India vs Abroad.
| Basis | Indian MBA | Foreign MBA |
| Work Experience Requirements | Work experience requirements before joining an MBA in Indian business schools are comparatively less rigid. Top-tier business schools of India such as ISB and the IIMs also admit students who have little to no work experience. | Top business schools in countries like US, Canada and UK have preference for students with at least two to three years of work experience. |
| Job Opportunities | Most business schools in India have a campus placement process where students can interact and interview with various prospective companies. | In foreign universities, students have to approach and network with companies of their choice to land jobs. |
| Average Fees | INR 7.5 lakh – INR 25 lakh | INR 20 lakh – INR 70 lakh |
| Salary Package (Approx) | INR 18 – INR 19 lakh | INR 45 lakh |
| MBA Course Curriculum | MBA programs in India are still more focused on the theoretical aspects, this is an interesting and engaging process. | The MBA course curriculum in foreign takes a more realistic approach. Students are given case studies of different business organizations to study, which make them understand how to put what they have learned in theory into practice. |
If you want to do MBA from IIM or from abroad, here is the list of pros and cons that you should always consider.
| Pros of MBA from IIM | Cons of MBA from IIM |
| Familiar environmentJob/placement guaranteeCost FactorWork experience criteria and Admission criteria are more flexible. | Courses available are limited and restricted as wellSeats are restricted in the Top 3 IIMs |
| Pros of MBA Abroad | Cons of MBA Abroad |
| Good average Salary after MBAA plethora of course options available | No job or placement guaranteeCost factor Work experience criteria and Admission criteria are rigid |
If you are looking for a stable job after MBA, then go for Indian MBA colleges like ISB, FMS and IIMs. However, if you want to explore more and not simply stick to a curriculum, then go for MBA abroad.
We hope that you liked this article and have made up your mind as to which MBA to choose. We also have other articles that might be of interest to you.
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If you are looking for a stable job after MBA, then go for Indian MBA colleges like ISB, FMS and IIMs. However, if you want to explore more and not simply stick to a curriculum, then go for MBA abroad.
You will have Familiar environment, Job/placement guarantee, Cost Factor and Work experience criteria and Admission criteria are more flexible.
The MBA course curriculum in foreign takes a more realistic approach. Students are given case studies of different business organizations to study, which make them understand how to put what they have learned in theory into practice.
Most business schools in India have a campus placement process where students can interact and interview with various prospective companies.
GMAT is more flexible. For instance, you can take your GMAT up to 5 times a year and improve your score. Out of all 5, only your best score is selected. However, CAT takes place only once in a year.