An MBA in USA or India? – 5 Important Factors To Help You Decide
An MBA degree is one of the most sought-after degrees worldwide, but for Indian students one destination other than India has always had a high demand: USA. An MBA in the USA may or may not be the right choice – depending upon an individual’s long-term career goals.
While an MBA in India doesn’t cost dear to one’s bank account, it may or may not be able to provide enough international exposure. Some MBA programs in India do provide exchange programs with good schools abroad, but these programs are yet to prove their value.
We listed out some critical factors to help you make a better-informed decision that lines well with your long-term career goals:
1. Cost (Tuition + Living expenses)
In the US, a part-time side job during the MBA can take care of your living expenses although it can affect your studies too whereas, in India, students can manage living expenses from savings.
Most Indian students in the USA end up going for education loans from banks in India, whereas, in India, they might not need to take a hefty loan.
For those who wish to return back to India, the cost can be a major factor in making them stay longer in the US, just to pay off the loan.
USA: INR 50-70 Lacs
India: INR 5-25 Lacs
2. Industry Exposure
Most B-schools in the USA provide better global exposure as students can benefit from understanding how different cultures and perspectives affect ways of doing business.
Internships in the USA are one of the major ways for companies to find long-term employees whereas in Indian companies are still catching up with that trend.
Moreover, many CEOs in India have gone for an MBA from top B-schools in the USA and returned home after 3-4 years of grueling experience at the top consulting firms in the USA.
Some notable women CEOs here.
If you follow rankings religiously in making a decision about your future educational institution then you can’t go wrong with the US.
As a matter of fact, business schools in the US are ranked higher than most countries in the world whereas few Indian schools t to the likes of IIMs and ISBs feature in the world ranking.
Check out some international B-school rankings here.
4. Settling Abroad
According to a research, only 30-40% students return to India after education in the US. If you are planning to settle in the US or any other country, then an MBA from the US would be of higher value.
A degree from India other than the top B-schools may not be of much international acclamation.
Read more about MBA alternatives in other countries.
ROI is probably one of the most important factors as the real returns of a degree start after the education loan is paid off.
An MBA in the USA will not give you the best ROI if you plan to return back to India, since paying off a hefty loan on Indian salaries will not be ideal.
But, if you plan to settle in the USA then an MBA there will give a higher ROI in the long run whereas an Indian MBA will have higher ROI in short-term.
Read more about the B-schools in India with the highest ROI.
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