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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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,
Following colleges provide MBA in fire safety management-
National Institute of Fire Engineering & Safety Management Lucknow
Eduvista Skillpower Academy
National Institute of Fire Engineering & Safety Management, Delhi
These are some great options for a degree in MBA.
Hope this helps you,
Thank you
Hello,
Deciding whether to pursue admission at NMIMS Navi Mumbai for an MBA depends on various factors such as the reputation of the institution, the specific MBA program offered, faculty expertise, alumni network, placement opportunities, and your career goals.Consider researching and comparing these aspects with your own aspirations and preferences. Additionally, you could reach out to current students or alumni to get insights into their experiences.
Hope this helps you,
Thank you
https://www.careers360.com/courses/mba-master-of-business-administration
Hello,
There are several reputable universities offer free online MBA courses, but not all provide certificates or credentials. However, platforms like Coursera, edX, and FutureLearn offer free courses from top universities and institutions that often provide certificates upon completion.
hope this helps,
Thank you
Hello aspirant,
Here below I am providing you with the name of some of the top colleges for MBA with low fees:
For more information you can visit our website by clicking on the link given below.
https://bschool.careers360.com/articles/mba-colleges-in-india-with-low-fees
Thank you
Hope this information helps you.
I have completed my B.Tech in 2021 .After that I am preparing for government jobs .I have less than 60 percentage in 10th & 12th .I want to go for online mba ? Which one should I choose ?
10 th and 12th marks matter in mba placements ?
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