MBA in India or abroad: Prospects of a global MBA
MBA in India or abroad - A Global MBA in which you study in a foreign country might be slightly costly but worth it for the exposure that it gives you. Careers360 tells you about the extra edge that a global MBA offers and how you should decide whether you should pursue MBA in India or Abroad. Read the complete article below to know more.
With global India becoming a reality, internationalization of MBA programmes has increasingly become a key goal for Indian B-Schools but deciding MBA in India or Abroad is still a question for the students. What is meant by the internationalization of MBA programme? It is the process of combining intercultural, international and global dimension into research, teaching and service of institutions.
Internationalization is done in order to enhance the quality of research, education and international exposure for each student. With today’s managers required to be equipped with skills to perform effectively across different markets, managerial education is going through a pattern shift both in terms of approach and ideology across the world. The pattern shifts are caused by two main factors -- brisk internationalization of the business environment and economic recession.
Global vs Homegrown MBA
Currently, a majority of B-Schools offer Global MBA programme that entails a semester or minimum 18-20 weeks abroad. Earlier, students would get to spend only two to three weeks abroad. For instance, MYRA School of Business Mysore offers Global MBA programme in the twinning (1+1) format where Global MBA students spend their first year with MYRA at their Mysore campus before moving to Dalhousie University in Canada for their second year. As per Dr. Shalini Urs, Executive Director, Founder and Chairperson, MYRA School of Business, “By enrolling in a Semester Abroad programme, you’ll have the chance to see a side of your major that you may not have been exposed to at home. You’ll find that completely immersing yourself in the education system of your host country is a great way to really experience and understand the people, its traditions, and its culture. Education is the centrepiece of any Semester Abroad trip—and choosing the right school is a very important factor”.
As a business professional, one of the key requirements of a job is to network with people. You never know which connection gets you more work. It is the best setting to make life-long friends and extend these partnerships beyond the classroom within the international ecosystem. Some of them may even head some top-notch organizations later in life.
What does Global MBA offer?
MBA with an international touch to it prepares future leaders and managers to create an international mindset so as to enable them to cherish global political, economic, legal and cultural realities to live and work across diverse cultures. For example, Management Development Institute (MDI) Gurgaon offers Post Graduate Programme in International Management (PGP-IM) where the first phase of the programme is delivered at the MDI campus in Gurugram, while the second is completed in ESCP Europe at the Paris, Berlin, Madrid, London, Warsaw and Torino campuses. The semester abroad covers aspects like Business Game, Team Building, Leading Teams and Organizations, Entrepreneurship, Creativity & Innovation, Ethics and CSR, Marketing and Business Analytics in a cross-cultural environment. For MBA Programme in ESCP Europe, applicants must have a minimum of two years’ work experience and a previous four-year degree with a non-business educational background.
As per the placement report of SP Jain School of Global Management (SP Jain Global) for its flagship Global MBA programme of 2017 batch, the average salary had increased by 14 percent as compared to last year, which was Rs. 16.52 lakh per annum. This year, the average salary of the batch is Rs. 22.52 lakh per annum. According to the placement report, the top recruiters included Indian multinationals such as Tech Mahindra and Tata Trent along with global organizations (specifically, Southeast Asia, Europe and the Middle East) such as Societe Generale, TESCO, Hewlett Packard, Cummins, Salesforce, Henkel, JDA and Xchanging. The Consulting sector, followed by the IT and Logistics sectors were the biggest recruiters this season. The highest salary offered was Rs. 48 lakh per annum. “At SP Jain, we believe that our success is measured by the impact of our graduates in the business world. Our alumni are leading cross-cultural teams, growing family businesses, developing digital initiatives, incubating new ideas, working with local governments, participating in community initiatives, consulting at Fortune 500 companies and travelling across the globe. They have done extremely well in the global workplace and that is why companies believe in our model, sums up Dr. Indu Niranjan, Dean, SP Jain’s Postgraduate Programs.
Institutes offering Global MBA
Study abroad duration
PGDM (Global Business Management)
PGP- IM (International Management)
|Lexicon Management Institute of Leadership and Excellence, Pune||GLOBAL MBA||24 months|
PGDM DCM (Dual Country Programme)
MYRA School of Business
International Master in Business (IMB)
The information provided will allow you to decide whether to pursue MBA in India or Abroad.
Prof. C. P. Shrimali,
Giving contextual abilities and skills to perform effectively
Careers360: What aspects are covered in a semester abroad?
Prof. Shrimali: The first phase of programme is delivered at the MDI campus in Gurugram, while the second is completed in ESCP Europe at the Paris, Berlin, Madrid, London, Warsaw & Torino campuses. The semester abroad covers aspects like Business Game, Team Building, Leading Teams and Organisations, Entrepreneurship, Creativity & Innovation, Ethics and CSR, Marketing and Business Analytics etc.
Careers360: How is it evaluated at the end of the programme?
Prof. Shrimali: Projects and assignments are given to individuals and teams that are evaluated. Quiz is also conducted during the programme.
Careers360: What extra does a Global MBA offer?
Prof. Shrimali: Managers of today need to be equipped with contextual abilities and skills to perform effectively across markets that span vast geographies. Regardless of the size of a company, the scale of operations, or the industry, globalization is no longer an option but a strategic imperative. Studying overseas provide students exposure to global trends and standards. Close interactions and knowledge exchange help students to develop understanding, appreciation and tolerance of differences across cultures and the skills to work globally.
Questions related to GMAT
In india where we should go for a good coaching for GMAT at affoardable price.
Hope you are doing well.
As per your question,you can prepare for GMAT exam by taking good coaching in best institute. Also you can prepare for GMAT by yourself but you need a good dedication towards your GMAT to crack this exam. The best Institute which can prepare you for GMAT at an affordable price is :-
1) TIME:- With a fee structure of 18k, it is a good and reputed institute where you can have you preparation for GMAT
2) IVY GMAT:-With a fee structure of 24900 . Best Institute for GMAT coaching.
3) CRACK VERBAL:--with a fee structure of 7500
4) Career launcher:-with a fee structure of 40k expensive but also they have a good study material as well as good teaching from IITs.
5) Princeton review :-with a fee structure of 25 k
These are some of the best institute where you can prepare yourself for GMAT.
Hope this helps you out. Thank you.
cat or GMAT are same or different
Hope you are doing well.
See CAT stands for common admission test . It is a national exam which is held all over the India. It is the largest exam for MBA.
Whereas GMAT stands for The graduate management admission test. It is a global exam which is held across the nations for MBA.
It is easier to score in GMAT in comparison to CAT. If a person studies with full focus and concentration he can easily achieve 700+ marks.
To know more difference about both the exams and to know about them in detail please use this link:
Hope this will help you. Have a great future ahead.
After working 2 years in SBI(po) Im eligible to apply for Cambridge or instead with good GMAT or ielts score. Im B.B.A graduate...
Since you have pursued your graduation in BBA so I am assuming that you want to apply for MBA degree in Cambridge.
MASTER OF BUSINESS ADMINISTRATION (1 YEAR COURSE)
Eligibilty Criteria for MBA degree is as follows:-
- In Bachelor's you need to have minimum 70% marks.
- You should have minimum 3 years of work experience.
- Exams which are accepted are GMAT, GRE & IELTS.
will my 10th,12th marks matter for takingmba from foreign taking that i have good score in gmat
It may not matter much as before 10th ,12th marks ,your undergraduate degree comes and some kind of work experience you had probably done before joining MBA . It may sometimes depends on the specific college and their norms. Do check the specific college criterias you are applying for before registration.
Hope it helps.
i have a 9 cgpa(mech) from a reputed college and i am preparing to score my max in gmat but my board marks are low with 68% and math marks is 47.i cannot afford the fees but for very few i can,will taking mba from any reputed foreign unv and scholar ships related to it be affected due to board marks
Well any university abroad tries to select the students who are among the best according to their set guidelines and brings something to their department. Their application review process is very holistic and they try to see everything from academics to non academic to recommendations to test scores to your personal statement. If one part is weak then you need to make the other parts of your application as strong as possible to compensate for the lower part. As long as your application is great overall with a bit of up and downs, you will be able to get in.
I hope my answer helps.
All the best.