‘The choices you make decide the life you lead’.
When it’s time for you to decide upon your MBA, you’re definitely standing on the threshold of a very important junction in your life. The decision can either build it for you or spoil it for you it’s all a matter of one choice that you make. So, what exactly is the ideal choice? Should I pick my MBA from India or head abroad? Is that a question running on your mind too?
Well, if anybody knows your best pick, it’s you! .
Here a few pointers to keep in consideration while picking your choice amongst MBA in India or abroad.
What do you wish to do?
Pick your MBA based what exactly you wish to achieve in your career. While a few colleges may be known for an MBA in International Business, there may be a few others specializing in Finance and Risk Management. While comparing India v/s abroad, keep your decision strongly based upon the area of specialization and not the destination/location. Is your goal India oriented or global?
Rankings and global recognition
Take note of the rankings and global recognitions of your possible choices. Not many Indian colleges are globally accredited and that’s the sad reality. Ensure your MBA is accredited enough to pave your career path right.
Education comes with a price tag attached to it. An MBA abroad is sure to be many times expensive than anywhere in India. But, if you’re ready to bear the cost factor, there’s ample choice for you to pick from. Many international colleges also offer an opportunity of fee waivers and scholarships for international students and that may work out well in your case too. An MBA abroad may cost you anywhere from Rs. 20 to 50 lakh, whereas an Indian MBA will set you back by Rs. 5 to 20 lakh.
What are the other options that you have?
Would you rather do it from a top-rung Indian institute, like the IIMs? Well, the answer totally depends on your aspirations.
If you’ve cracked the CAT, go for it. The IIMs are among the best in the world. However, if you have to choose between IIM and a top institute like Harvard or London Business School, it makes sense to choose the latter. The exposure and contacts that you’ll get in a top school are simply unmatchable.An M.B.A. from a top-rung B-school will almost certainly propel you in the global job market, and you’ll soon be on your way to the top of the ladder.
If your choice is between a mid-tier B-school abroad and an average Indian institute, it makes IMMENSE sense to go abroad. The mid-tier schools abroad offer much better career prospects. An MBA from a mid-range U.S. B-school also has fairly healthy prospects, given the buoyant state of the US economy in the last few years.
If you have close relatives abroad, who can help you with funds and/or getting you an employment on completion of your MBA, you are in an enviable position. However, make sure you talk to the relatives before you apply.