Value for Foreign MBA and INDIAN MBA

Hi I would like to know the Value for Foreign MBA and INDIAN MBA and which should I choose?

[sumit]

Most Indian MBA aspirants have this question in their mind – Should I do my MBA from an Indian business school or do I look for MBA programs abroad in the USA or Europe.


Foreign MBA:


An MBA from a foreign university is very helpful in understanding business from an international perspective. This is very advantageous if you want to work abroad after your graduation

Most foreign b-schools be likely to have a large mixture in their student class so you profit from understanding different cultural viewpoints and perspectives

The foreign MBA colleges will also have better infrastructure and better professors. The post-degree pay package of an US or European MBA will be higher than an Indian MBA because of the currency difference.

a foreign MBA is also more expensive and it may take more time to recover the fees of the business degree, especially if you are opting for a US MBA.

the Indian market functions very differently than the US and European markets, hence the things you will learn in a foreign B-School will be less applicable to India.


Indian MBA


An Indian MBA will help you gain business related knowledge relevant to the Indian market.

An Indian MBA will be considerably cheaper and you will be able to pay back your student loan much faster.

If you wish to work in India after your degree, this is preferred from both knowledge as well as economical perspectives

Approximately 70% of the curriculum in an Indian MBA degree course will be common to its foreign counterparts, though the way the curriculum is delivered and the facilities to support learning will be below par (unless you are at one of the IIMs).

The post-degree remuneration of an Indian MBA will be lower than an US MBA. Also, if you hope to work abroad, an Indian MBA will be disadvantageous since they would prefer students from their own B-Schools

Some Other Factors to be considered:

The ranking of the colleges you are short listing will also weigh your decision. If you are looking at the top-ranked US colleges like Harvard, Wharton, Stanford or EU colleges like London Business School, INSEAD, then these are the best options.

To decide between a top 10 international b-school vs a top 10 Indian b-school, then a top 10 international school will be a better choice.

If you have to decide between a top 10 Indian b-school like one of the IIMs vs a medium tier US / EU b-school, then an IIM will be a better option.

So from the above mentioned pointsyou can decide for yourself whether to choose an Indian MBA or Foreign MBA.