If you are a candidate aiming to obtain an MBA and still confused over where to get it from – please read till the end to get a crystal-clear idea to choose your MBA destination. Let’s consider various factors for the same.
If you are looking for an MBA for the sake of adding an additional line on your resume, you have a lot many in the list. However, being the alumni of a super brand MBA college is definitely a rare opportunity that adds up 1000 times more value to the industry.
Prerequisite scores – GMAT/CAT
The Indian MBA’s require a CAT exam score while the foreign MBA requires a GMAT. Some top tier MBA Schools in India also accept a GMAT score. Writing GMAT is costlier when compared to a CAT exam. The GMAT test scores can be reviewed up to 5 times a year out of which the best score is chosen.
In terms of difficulty of the questions, both are at par.
Work Experience
The top tier institutions abroad demand a work experience of 4 years while the top tier Indian colleges don’t.
Cost
This is the most important factor. Many of the aspirants have a second thought over an international MBA over cost/financial issues. An international MBA is costlier over an Indian MBA for sure. But the international colleges have much to offer in terms of the world exposure. You are just like in the middle of a cosmopolitan city where you find different tastes, languages, religions, culture etc. You learn everything if you are abroad. If you have an entrepreneur mindset then colleges abroad are the right moulding place.
Never calculate the cost for completing your MBA. Instead learn to calculate the ROI or Return on Investment on completing your degree.
You can reap the reward if you choose an international MBA from top tier universities. Remember its not a small thing to say that you are a part of Harvard alumni.
Placements
Suppose you are not able to convert an international MBA to a full-time international job even after completing the course, it becomes difficult. Its important to get into a job as fast as possible on completing the international degree or the financial crisis will gobble you.
I also want to notify that there are Indian colleges like ISB Hyderabad where international students study. So this proves to possess an international standard and culture. Its pretty much valued like an international MBA too.
The IIMs across India also offer education at international standards. So this is also equally valued but the only cons part is that you don’t get an international exposure at the IIMs.
