Apply to Jindal Global Business School | MBA Admissions 2024
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 the the postgraduate degree from any MBA instutes 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 answer for their questions such as, MBA in India vs abroad which is better.
Particulars | MBA in India | MBA Abroad |
Top MBA Entrance Exam | GMAT, GRE | |
Fees structure | 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 | Stanford Graduate School of Business London Business SchoolColumbia Business School Harvard Business School |
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 level or state level entrance exams, such as CAT, MAT, XAT, TANCET, AP ICET, TS ICET, or any others.
Apply to Jindal Global Business School | MBA Admissions 2024
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 in 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 is 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 2023.
Colleges | NIRF Ranking 2023 |
IIMs | 1 - 8 |
XLRI-Xavier School of Management | 9 |
Indian Institute of Technology Bombay | 10 |
Indian Institute of Management Raipur | 11 |
Indian Institute of Management Rohtak | 12 |
Management Development Institute Gurugram | 13 |
Indian Institute of Technology Kharagpur | 14 |
Indian Institute of Technology Madras | 15 |
Indian Institute of Management Udaipur | 16 |
Symbiosis Institute of Business Management Pune | 17 |
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.
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.
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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.
The Common Admission Test, is a computer based standardized test conducted in India. It is one of the most prestigious and competitive entrance exams for admission into postgraduate management programs, Including MBA, in various Indian Institutes of Management and other top business schools across the country.
To know more about CAT 2024 like exam date, eligibility, syllabus and more, click on the below link.
https://bschool.careers360.com/articles/cat-2024
Both GMAT and CAT exams are considered to be highly competitive. Therefore, it is difficult to measure which one is harder than the other as it depends on the individual strengths ,weaknesses, and personal preferences.
GMAT quant section is often considered to be easier, however, its verbal section is tougher for non-native English speakers. Whereas, CAT quant section is considered to be trickier in comparison to the verbal section. Therefore, students are advised to analyse both CAT and GMAT exam pattern carefully before opting for one.
Hello
Generally admissions are given based on your rank. So based on your overall percentile in JEE your rank could be between 56470 - 63480 approximately.
Unfortunately, Based on the marks you scored, it will be difficult to get admitted into NIT Trichy under OBC category. However there is also a second chance for you to attend for JEE, so I recommend you to take that chance and score better.
You can check the colleges you are eligible for using the below link.
https://engineering.careers360.com/jee-main-college-predictor?utm_source=qna&utm_medium=jee_cp
Hello Aspirant
Congratulations on your score, There are many good B schools at 80-85%ile in CAT and XAT
1)Great Lakes, Chennai
2)IRMA
3) Goa Institute of Management
4) NIBM
5) TAPMI
Do your research about these colleges as to what is their average package, the roles offered.
Colleges like NIBM specialize in Finance, and IRMA has a lot of sales marketing Roles. So ultimately the choice is yours which specialization you want to pursue.
Hello aspirant,
Here below are the names of the colleges that you can target:
Thank you
Hope it helps you.
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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. Students can visit the Great Lakes Institute of Management, Jamnalal Bajaj Institute of Management Studies to study Business Analytics courses. Business analyst jobs are usually done to help the company make more money, solve existing business problems and achieve its goals.
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Students can opt for an MBA in Finance or an MBA in Digital Marketing Management to be a marketing manager. He or she evaluates the public interest level with respect to a new product or service. A marketing manager is appointed to encourage buyers to buy products from the firm and to increase awareness of the brand through marketing strategies.
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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.
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