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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.
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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.
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.
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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.
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
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Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
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.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
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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