Great Lakes - PGPM & PGDM 2025
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MBA in India vs abroad is a confusing question, as it involves considering various factors such as the quality of education, cost of tuition, living expenses, future career prospects, and personal career goals. The decision to pursue an MBA, a globally recognised postgraduate programme designed to develop skills required for careers in business and management. MBA in India vs MBA abroad opens doors to new opportunities, enhanced skills, and increased earning potential.
MBA in India vs abroad salary must considered while looking for a postgraduate degree from any MBA institute from India or abroad. Read this article, which helps MBA aspirants make a final decision on whether to pursue an MBA abroad vs India and also get answers to their questions such as MBA in India vs abroad which is better and MBA in India vs abroad salary statistics.
Particulars | MBA in India | MBA Abroad |
Top MBA Entrance Exam | GMAT, GRE | |
MBA in India vs abroad fees | Rs. 12 lakhs to Rs. 30 lakhs | Rs. 25 lakhs to Rs. 50 lakhs |
Work Experience | No Work Experience or 2 - 5 years | 2 - 3 years |
Opportunities | Low compared to Abroad MBA | High level of opportunities |
MBA average Salary | Rs. 7 lakhs to Rs. 15 lakhs | Rs. 50 lakhs to Rs. 15 crores |
Exposure | No international Exposure | International Exposure |
Visa Requirements | No Visa required | Study visa required |
Top Colleges |
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Check out the selection criteria for doing an MBA in India vs abroad.
The candidates who wish to apply for MBA admission in India must fulfil the following eligibility criteria:
Applicants must have a bachelor’s degree with a minimum aggregate of 50% marks from an approved university. The final aggregate can vary based on the reservation policy and institutes chosen by the candidates.
Candidates must have a valid score in any of the national- or state-level MBA entrance exams, such as CAT, MAT, XAT, TANCET, AP ICET, TS ICET, or any others.
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
250+ Companies | Highest CTC 16 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School of the Year
The MBA eligibility criteria for the institutes are different from one another.
Candidates can apply for the foreign MBA programmes based on the eligibility criteria mentioned below.
MBA aspirants must prove their language proficiency by obtaining a valid score on any of the tests, such as IELTS or TOEFL.
Candidates should have a bachelor’s degree in a relevant field with a minimum aggregate of 50% marks from a recognised university.
Candidates with work experience of 2 to 5 years are an added advantage.
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The Indian B-schools admissions process is not complex as compared to the Abroad MBA.
Pros | Cons |
The cost of MBA courses in India is less than that of similar overseas MBA programmes. | The Indian B-schools are not able to give global exposure to the students, even though they provide international internships. |
Many of the institutes do not require any work experience as part of their MBA / PGDM eligibility criteria. | MBA in India focus mainly on theoretical knowledge rather than practical skills. |
Candidates will get an opportunity to understand the Indian market and business. | While top Indian B-schools are globally recognised, an MBA from lesser-known institutions may not have the same global recognition. |
The Indian B-schools admissions process is not complex as compared to the Abroad MBA. | Some Indian B-schools may have a more rigid curriculum with less flexibility to choose electives compared to international programmes. |
Pros | Cons |
Studying in a different country gives students a broader view, understanding of different cultures, and chances to make international connections. | The MBA abroad fees can be significantly higher than those in India. |
Business schools abroad typically emphasise experiential learning and case studies, equipping students with practical skills. | Most foreign B-schools require 2-3 years of work experience for admission. |
Candidates can improve their proficiency in any foreign language. | Getting used to a new culture and surroundings can be tough. |
Understanding the cultural practices of other countries boosts your value as a businessperson. | The international MBA admissions process is complex and lengthy compared to India. |
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Candidates can go through the below table to know the top MBA colleges in India vs abroad based on the NIRF ranking and QS ranking 2023.
Check out below the top MBA colleges in India according to the NIRF ranking for 2024.
NIRF ranking MBA colleges | NIRF Ranking for MBA | NIRF Score 2024 |
IIM Ahmedabad | 1 | 83.32 |
IIM Bangalore | 2 | 81.16 |
IIM Kozhikode | 3 | 77.90 |
IIT Delhi | 4 | 76.25 |
IIM Calcutta | 5 | 75.07 |
IIM Mumbai | 6 | 74.73 |
7 | 74.43 | |
8 | 73.53 | |
9 | 68.13 | |
10 | 67.16 | |
Management Development Institute (MDI) | 11 | 66.85 |
IIM Rohtak | 12 | 66.49 |
Symbiosis Institute of Business Management (SIBM) | 13 | 65.13 |
IIM Raipur | 14 | 64.40 |
Indian Institute of Foreign Trade (IIFT) | 15 | 62.36 |
IIT Madras | 16 | 61.73 |
IIM Ranchi | 17 | 61.27 |
IIT Roorkee | 18 | 61.21 |
IIT Kharagpur | 19 | 61.03 |
S. P. Jain Institute of Management and Research | 20 | 60.97 |
The below table lists the top colleges abroad along with the QS ranking 2024.
College / Universities | Country | QS Rank |
USA | 1 | |
USA | 2 | |
USA | 3 | |
UK | 4 | |
HEC Paris | France | 5 |
USA | 6 | |
USA | 7 | |
Spain | 8 | |
UK | 9 | |
IESE Business School | Spain | 10 |
MBA abroad admission is done through exams like the Graduate Management Admission Test (GMAT) and the Graduate Record Examinations (GRE) are usually required. These exams test the verbal, mathematical, and analytical writing skills of the students. Candidates who meet the GMAT / GRE cutoff can seek admission to foreign universities.
In India, entrance exams like the Common Admission Test (CAT), Xavier Aptitude Test (XAT), Symbiosis National Aptitude (SNAP), and NMAT by GMAC are popular among MBA aspirants. These exams test a candidate’s aptitude in English, mathematics, and reasoning and form the basis for MBA admission into various Indian business schools.
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The admission process for MBA programmes in India and abroad varies significantly. In India, after clearing the entrance exams, shortlisted candidates have to go through a written test, group discussion, and a personal interview. Work experience is considered for admission into IIM MBA programmes.
In contrast, foreign universities often require 2-4 years of work experience along with a good GMAT or GRE score. The admissions process may also include writing essays and a round of personal interviews.
MBA aspirants can go through the below table to get an outline of the Indian MBA vs Foreign MBA course structure and specialisations.
Particulars | MBA in India | MBA in Abroad |
Course Duration | 2 years | 1-2 years |
Course type | Full-time, part-time, and online | Full-time, part-time, and online |
MBA Specialisations | Finance, Human Resources, Marketing, Entrepreneurship, International Business, Supply Chain Development, and Healthcare Management | Finance, Marketing, Human Resources, Entrepreneurship, Data Analytics, Digital Marketing, Consulting, and Information Systems |
The average salary for an MBA graduate in India is around Rs. 7 to 12 LPA, while in the average package for an MBA in the US, it’s around Rs. 90 lakhs. It’s important to note that the cost of living and tuition fees are also higher abroad. Placements are generally higher for MBA graduates abroad compared to India, with a higher percentage of students getting placed through campus placements.
Know more:
The choice between an MBA in India vs abroad ultimately depends on an individual’s career goals, financial capacity, and personal circumstances. Both options have their own advantages and offer valuable opportunities for career growth. An MBA in India might be more affordable and have less complexity in its admission criteria, while an MBA abroad offers global exposure and better job opportunities.
Remember, the decision to pursue an MBA should align with your long-term career goals. Whether in India or abroad, an MBA can be a stepping stone to a successful career in management.
Quick Links to know the affordable MBA abroad for Indian students:
MBA aspirants can do the MBA programme at any of the top universities available in countries such as USA, UK, Canada, Australia and France.
Yes, an MBA obtained from India is typically acknowledged and accepted internationally. However, the recognition can vary based on the particular institution and the country’s regulations.
Students can apply for the MBA programmes abroad based on certain eligibility criteria and the MBA abroad course fee ranges from Rs. 25 lakhs to Rs. 50 lakhs.
Hello Greetings,
With a CAT 2024 score of 93.94 percentile, you can expect calls from newer IIMs like *IIM Udaipur*, *IIM Raipur*, and *IIM Kashipur*. These institutes have relatively lower cutoffs compared to the older IIMs. Additionally, you may also consider other top MBA colleges like *IIT Madras*, *IIT Roorkee*, or *IIT Kharagpur*, which offer MBA programs with slightly lower cut-offs. To get a better idea of your chances, you can use online CAT College Predictor tools, which estimate the probability of receiving interview calls from different IIMs and other top MBA colleges based on your CAT percentile and academic background .
Have a great day
Hi,
With a CAT 2024 score of 93.94 percentile, you have a good chance of getting calls from several prestigious IIMs. Here are some possibilities
IIMs:
- IIM Indore: 90 percentile (General Category)
- IIM Ahmedabad: 80 percentile (General Category)
- IIM Bangalore: 85 percentile (General Category)
- IIM Calcutta: 85 percentile (General Category)
- IIM Lucknow: 90 percentile (General Category)
- IIM Kozhikode: 85 percentile (General Category)
- IIM Shillong: Sectional Cutoffs
Other Top B-Schools:
- SPJIMR (S.P. Jain Institute of Management and Research): 90-95 percentile
- MDI Gurgaon (Management Development Institute): 90-95 percentile
- XIME (Xavier Institute of Management and Entrepreneurship): 90-95 percentile
- FMS Delhi (Faculty of Management Studies): 95-99 percentile
- IIT Delhi and IIT Bombay: 90-99 percentile
These are general estimates and cutoffs can vary each year based on the difficulty of the exam and the number of applicants. It's always a good idea to check the official websites of these institutes for the most accurate and updated information.
Hello,
Given that you scored 93.94 percentile for CAT 2024, you should get interview calls from some of the newer and baby IIMs in Nagpur, IIM Amritsar, IIM Bodh Gaya, IIM Sambalpur, IIM Sirmaur, and IIM Jammu. The list will be pre- cut based on your academic profile, work experience, category, and performance in other criteria like WAT/PI.
In addition to IIMs, you may also consider the top B-schools like IMT Ghaziabad, XIM Bhubaneswar, TAPMI, Great Lakes Institute of Management, FORE School of Management, and KJ Somaiya. All these institutes have good placements and are known for quality management education.
Use the CAT college predictor to explore more of your options. This predicts colleges considering your score, profile, and category, and tools that provide a comprehensive list of institutes that you can consider applying for.
Hi,
Based on the previous year analysis, According to your CAT 2024 percentile you have chances to get call from some of the IIM including:
Some of the good colleges other than IIM in which you have chances to get a seat are the following
You can predict the colleges in which you have chance to get a seat for MBA course using the CAT 2024 college predictor tool.
Hope this information will help you
Based on your CAT and NMAT scores, here's a suggested preference order for the colleges you've applied to, keeping in mind that MBA Finance specializations often have specific cutoffs:
You must make considerations on specialization, placements, faculty, curriculum and campus life and go for the college that you believe suits you the best.
All the very best!
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Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
250+ Companies | Highest CTC 16 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School of the Year
Highest CTC: INR 28.25 LPA | Average for Top 100 offers: INR 17.34 LPA | Ranked #63 in India under Management category by NIRF | 148 Recruiters
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