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   Master of Business Administration

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There is an increasing demand for an MBA in the industry and therefore with a view to meet this demand many students now prefer to get an MBA degree from abroad. Moreover, if a student wants to settle abroad then a foreign MBA degree is a good option. It is certain that completing your management studies from a reputed institute would surely enhance your opportunities in the job market and provide you an edge over others. Therefore, more and more students today are opting for MBA from abroad. An MBA from a top-rung B-school would certainly enable you to be better qualified and help you to compete more effectively in the job market, and to subsequently climb the corporate ladder. Many students are also opting for online MBA program which are offered by the best B-schools of the world.
Post Graduate 1 Year Full Time Management Course:
Post graduate 1 year courses are ideal for people who already have experience in their field and wish to gain some more edge in a short span of time. In the 1 year management program, the time spent in classes is limited and more importance is given to the intensity of performance and improvement of skills.

Institutes offering MBA Studies Abroad
When it comes to choosing a B-School for MBA Studies Abroad there are plenty to choose from. Some of the best institutes offering MBA studies abroad are located in the United States, United Kingdom, Australia as well as other places worldwide. Here is a list of some of the top B-Schools abroad:

  • London Business School- London UK
  • Manchester Business School-Manchester UK
  • Warwick Business School- University of Warwick- Coventry, UK
  • Harvard Business School-Boston, Massachusetts
  • Stanford University Graduate School of Business- California
  • Wharton University of Pennsylvania-US

  • MBA abroad: Is it worth it?
    Even by the most conventional estimates, one must assume that a minimum expenditure for an MBA degree would cost you around Rs.10lakhs. This expenditure can go up to around Rs.30lakhs for the top US B-school. Financial aid is limited and comes with a lot of conditions attached. The question is given the exorbitant amount of money involved is it really worth spending so much?

    The answer has to come from you. You must consider various factors involved in evaluating the scenario of abroad MBA. These factors must together effect your decision. 

    MONEY is, of course, the bottom line. You must start with the assumption that you are not going to get any scholarship, as getting financial aid for an MBA program is really tough. Then look at the resources at your disposal (could be your own bank account, or your parent's, or any benefactor you may have)
  • If you have sufficient funds (Rs. 10-15lakhs), our recommendation is: just go ahead. It’ll surely prove to be money well spent – the experience itself is great!
  • If you can spare some amount (Rs. 5-6lakhs), you could still consider going, as you'll be able to manage the first few semesters on your own. Once you're there, you'll have to find ways to raise some money (most Indian students manage this, at least the smart ones certainly do!)
  • If you are constrained on cash, but can manage a bank loan, it still makes sense to go ahead. However, you must be confident that you will do well in the program and manage to get a job. (Jobs are really hard to find in places like Australia and UK).
  • If you don't belong to any of the above categories, how about trying for an Indian MBA?

    Hence, although a foreign MBA degree comes with a lot of investment, yet if you have invested it in a good school, you will recover the amount in a year.

  • The alternatives you have!
    It is said that, "The choices you make decides the life you lead" hence you must evaluate the alternative choices you have. 

  • If you have cracked CAT and getting admission in IIM then go for it. IIMs are among the top business schools of the world. However, if you are getting admission in an institute like Harvard or London Business School, then there is no match. The experience in these schools will give you an edge over other.
  • If your choice is between a mid-tier B-school abroad and an average Indian institute, it makes IMMENSE sense to go abroad. The mid-tier schools abroad offer much better career prospects. An MBA from a mid-range U.S. B-school also has fairly healthy prospects, given the buoyant state of the US economy in the last few years.
  • If you have close relatives abroad, who can help you with funds and/or getting you an employment on completion of your MBA, you are in an enviable position. However, make sure you talk to the relatives before you apply.

    However, unless you have the ways and means to find yourself an employment, we would not recommend going to just any U.S. B-school that you can get into.

  • What do you plan to do after your MBA?
    The critical question is: Do you wish to settle there? Whatever somebody says but the truth is that ultimately very few come back. 

  • If you are sure of taking up a job abroad, rather, managing to get yourself a job, then it makes sense to even take a loan to go abroad for an MBA. In all likelihood, you’ll repay the loan within a year. (Going by the average salaries Indians manage after their MBA). This is applicable mainly to the US & Canada. Getting a work permit in Australia is very difficult. UK has recently allowed international MBA students to work for two years.
  • If you're planning to return to India immediately on completion, you should think twice before going, unless funds are not a consideration for you.
  • The often-asked question is: how valuable is the international MBA degree in India? The answer depends on which school you do your MBA from: a Harvard degree will command respect anywhere in the world. If you're from a middle-rung school, you're as good as an MBA from a mid-rung Indian B-school.

    In a nutshell, you can spend all your money, take a loan, get into the best school, do whatever; ultimately what matters is how well you can "market" yourself. That’s what will get you the "big bucks!"

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