One common aspect that is considered when people contemplate on and evaluate MBA programs is the Return on Investment (ROI), the reason simply being that an MBA or PGDM is an expensive programme. Also, the fee and costs associated with MBA programmes are increasing at an exponential rate.
Let us first understand what ROI is. According to Investopedia, ROI is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.
The investment/cost of an MBA program typically comprises the following components:-
One should ideally take the following factors into consideration while calculating the financial ROI of an MBA programme:-
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The table below shows the fees and initial salaries offered by some of the leading MBA colleges in India. However, while reading through the table, a few points may be kept in view:-
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Name of MBA College | Fee | Initial CTC - Median Salary | Payback period | Source | ||||
Year | Amount (Rs/ Lakhs) | Year | Amount (Rs/ Lakhs) | Number of months | ||||
IIM Ahmedabad | 2021-23 | 23.00 | 2021 | 24.50 | 11.27 | www.iima.ac.in | ||
IIM Bangalore | 2021-23 | 24.50 | 2021 | 28.60 | 10.28 | www.iimb.ac.in | ||
ISB, Hyderabad* (Fees - Rs 36.50 lakhs) | 2022-23 | 16.25 | 2021 | 27.00 | 7.22 | www.isb.edu | ||
IIM Lucknow | 2021-23 | 19.25 | 2022 | 29.00 | 7.97 | www.iiml.ac.in | ||
XLRI Jamshedpur | 20.50 | 2022 | 30.00 | 8.20 | www.xlri.ac.in | |||
SP Jain Institute of Management & Research | 2021-23 | 19.00 | 2022 | 30.10 | 7.57 | www.spjimr.org | ||
IIM Indore | 2022-24 | 21.24 | 2021 | 22.60 | 11.28 | www.iimidr.ac.in | ||
IIM Kozhikode | N.A. | 20.50 | 2022 | 26.50 | 9.28 | www.iimk.ac.in | ||
FMS, Delhi University | N.A. | 2.00 | 2022 | 32.40 | 0.74 | |||
MDI Gurgaon | 2021-23 | 16.00 | 2022 | 23.50 | 8.17 | www.mdi.ac.in | ||
IIFT, New Delhi | 2021-23 | 21.48 | 24.00 | 10.74 | www.iift.ac.in | |||
Jamnalal Bajaj Institute of Management Studies | N.A. | 6.00 | 2022 | 26.48 | 2.72 | www.jbims.edu | ||
IIM Rohtak | 2022-24 | 17.90 | 2022 | 15.00 | 14.32 | www.iimrohtak.ac.in | ||
IIM Jammu | N.A. | 15.55 | 2022 | 12.75 | 14.64 | www.iimj.ac.in | ||
IIM Udaipur | 2022-24 | 13.10 | 2022 | 15.60 | 10.08 | www.iimu.ac.in | ||
SIBM. Pune | 2022-24 | 21.28 | 2022 | 20.80 | 12.28 | www.sibm.edu | ||
SIMSREE, Mumbai | N.A. | 0.67 | 2021 | 11.80 | 0.68 | www.simsree.org | ||
**For calculating the payback period, fee is reduced by a nine months proportionate salary, since the programme is of 12-month duration against 21 months for other colleges.
A few inferences from the above table are:-
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Choosing the right MBA programme, one that best suits your needs, can put you on an extremely fulfilling academic and professional journey.
While considering the ROI of an MBA programme, it is also important to take into consideration its intangible returns.
Knowledge and learning of advanced business concepts, management tools and skill set acquired, presentation, communication, problem-solving, crisis management and leadership skills gathered, are some of the major assets that will hold a person in good stead towards a promising career.
An important non-financial benefit of a good MBA programme is greater self-confidence and self-worth in a student. Needless to add that this significant value addition to one’s personality acts as a catalyst to one’s career and earning potential.
An MBA degree from a prestigious MBA college not only provides the right skillset to become an entrepreneur, but is invaluable in today’s times of start-ups and venture funding because of the value it adds to the potential of the entrepreneur from the perspective of prospective investors.
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The alumni and peer network of an MBA college is a great platform for networking, which can lead to lifelong support, work-related understanding and professional relationships. Alumni and peer professionals from one’s MBA college can act as mentors, promoters, influencers or even motivators. Such networks go a long way in career growth and development. Connections shared by college professors might also be extremely helpful since they would’ve been cultivated by the latter over decades.
Placement resources of MBA colleges usually get students much better jobs and higher salaries as compared to what the latter might get on their own through other routes like job portals, etc.
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An MBA from a top MBA college prepares you for a role not only in India but anywhere in the world. The curriculum will include case studies from across the world. Foreign immersion/exchange programs offered by some of the reputed MBA schools are a good opportunity to study one semester in top universities in the world.
Choosing the right MBA programme, one that best suits your needs, can put you on an extremely fulfilling academic and professional journey. Hence, ensure that you evaluate your course options carefully in terms of ROI before you narrow down on one.
Pramod Nagpal is Chartered Accountant by training, (Retd.) Managing Director, Central Cottage Industries Corporation Of India Ltd. (A Govt. Of India undertaking, under Ministry Of Textiles). He holds close to four decades of experience in the areas of finance and commerce. Pramod has keen interest in the field of education, and guiding students on harnessing available opportunities to achieve their goals.
Hello student,
The MBA management quota fees in India vary widely, depending on the college and its category (private or government).
Generally, private institutions have higher fees than government colleges.
You can read the article above to understand more about management quota admissions
Thank you!!
If you scored 54 marks in the Karnataka PGCET MBA exam, your expected rank will be around 800 to 1200. This is based on the marks vs rank trend seen in previous years.
Some sources say that if your marks are between 50 and 70, your rank can be between 2500 to 7500. But for the MBA stream, 54 marks usually give you a rank between 800 and 1200. This can change a little depending on the number of students, difficulty of the exam, and category.
Hello,
Doing an MBA certification while working in a private job can be helpful for many reasons:
Better career growth – It can help you get promotions or leadership roles.
Higher salary – Many companies offer better pay to MBA-certified employees.
Skill improvement – You learn about management, finance, marketing, etc.
More job options – It opens doors to better jobs in other companies too.
Networking – You meet professionals from different fields, which can help in future.
So, even if you are working, an MBA certification can give you a big career boost.
Hope it helps !
SB Patil Institute of Management, Pune is a decent choice if you missed DY Patil or Neville Wadia. Fees are around 2.5 lakhs for MBA. Placements are improving, with average packages around 4.5–5 LPA and top offers up to 12 LPA. Hostel with food costs about 1.5 L per year. It’s a good backup option with decent ROI and facilities.
Doing an MBA from Indraprastha University (IPU) can be a good option if you're looking for affordable education, government affiliation, and decent faculty. However, placements vary by college under IPU — top colleges like USMS or BFS offer better opportunities than others. Evaluate based on ROI, specialization, and your career goals before deciding.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive identifies and pursues new business opportunities to drive company growth. They generate leads, build client relationships, develop sales strategies, and analyse market trends. Collaborating with internal teams, they aim to meet sales targets. With experience, they can advance to managerial roles, playing a key role in expanding the company’s market presence and revenue.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A Sales Manager leads a sales team to meet targets, formulates strategies, analyses performance, and monitors market trends. They typically hold a degree in management or related fields, with an MBA offering added value. The role often demands over 40 hours a week. Strong leadership, planning, and analytical skills are essential for success in this career.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
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