MBA in India or abroad: Prospects of a global MBA
Team Careers360, 08 Oct 2018, #GMAT
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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. 

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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.

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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.

What Next? 

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

Institute

Programme

Study abroad duration

XLRI

PGDM (Global Business Management)

Four months

SP Jain School of Global Management

Global MBA

NA

MDI

PGP- IM (International Management)

Four months

Lexicon Management Institute of Leadership and Excellence, Pune
GLOBAL MBA
24 months 

Institute of Management Technology (IMT)

PGDM DCM (Dual Country Programme)

12 months

MYRA School of Business

Global MBA

12 months

SDA Bocconi Asia Center

International Master in Business (IMB)

22 months

 The information provided will allow you to decide whether to pursue MBA in India or Abroad.

INTERVIEW

 

Prof-CP-ShrimaliProf. C. P. Shrimali,

Acting Director,

MDI Gurugram 

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.

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Can I join IIM Ahmedabad using GMAT rather than going for CAT?

Priyaanka Sarkar Student Expert 14th Oct, 2019

Dear Akshat, CAT is exclusively conducted by the IIMs. So the selection for admission to any of the 20 IIMs is through CAT exam. Unfortunately no other score except for CAT score is accepted for IIM Ahmedabad. You can check their selection process at: https://www.iima.ac.in/web/pgp/apply/domestic/admission/selection-process

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what can i do after gmat result. is toefl exam occur after gmat result? can i have to apply for visa after gmat result?

Manidipa Kundu Student Expert 5th Oct, 2019

hello aspirant,

see you can give toefel exam any time. because almost every month toefel exam has slot. you need to just prepare yourself. and toefel exam has no link with gmat exam. you need to apply separately for toefel as it is a english language proficiency test. you can apply for visa after gmat exam. before applying do multiple checking of eligibility criteria and marks requirement, visa permit everything. it would be best if you take some professional help. please search in your city if there is any professional who help with visa application process.

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Can I apply for MBA in Poland, Germany and london without GMAT score but I do clear IELTS exam is it possible or not ?

siddhant dhruv Student Expert 4th Oct, 2019

Dear aspirant ,

In some colleges and universities for MBA , a student applying for MBA outside the country have to give GMAT exam . Students applying for MBA in England have to give GMAT exam , it is compulsory . However , there are some universities in England in which it is not compulsory to give GMAT exam  instead of it students having a work experience for more than 2 years can apply directly for MBA program . In Germany most universities accept TOEFL score and not GMAT score , there are universities which accept both TOEFL and GMAT score .  In Poland all types of entrance exams are accepted like TOEFL , IELTS and GMAT . So  for betterment of you , you should first choose a country for which you want to study MBA and then second look at the eligibility criteria at different universities and according to that give a appropriate entrance exam . Also you can do is that choose a university of that country and then check which entrance exams for MBA they accept .

Hope it helps.

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mba colleges in india accepting GMAT Scores from indian citizen

Payal 27th Sep, 2019

Hii aspirants

here are list of mba colleges accepting gmat score Indian School of Business, Hyderabad


2) S.P. Jain Institute of Management and Research, Mumbai


3) Indian Institute of Management, Ahmedabad


4) School of Management, NMIMS, Mumbai


5) Indian Institute of Management, Bengaluru


6) Indian Institute of Management, Calcutta


7) Indian Institute of Management, Lucknow


8) Indian Institute of Management, Indore


9) Indian Institute of Management, Kozhikode


10) FMS, New Delhi

I hope my answer will be helpful for you

Good luck

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I am GEM with 91% in 10th, 89.60% in 12th and 69.55% in Graduation (BE). Passed CFA Level 1. 8 months of work-ex. How much should I get in CAT/XAT/GMAT/NMAT to get into one of the top 25 b-school?

Papiya Mazumder 27th Sep, 2019

Hello,

As per your requirement, i would say that as mentioned above your educational details, you need to be at your very best in each step.

First stage is CAT

In which if you are a general candidate you will have to get atleast 95.5(Cutoff changes every year) to get call from New and Baby IIM.

Coming to Old IIM(BLACKI) many things are considered

10,12, Graduation score .

Work experience.

Gender ( For female Candidates)/Academic diversity (For Non Engg)

Weightage given to above mentioned criteria is different in every college,you can visit the college website to get the details.

So having work experience is always an advantage but like I said the weightage varies.

Final stage.

WAT/PI Stage

The weightage for WAT/PI is usually high in Old IIM close to 50%.

Personal Interview is the one that either make it or break it.

So PI usually decides whether you will get selected or not.

For exact details you can visit the IIM website and check the criteria which will have all the details.

Good luck

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