Is it better to do a MBA in USA or a MBA in India?
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I am from India. I currently work in Dubai. I work in IT. However due to keen interest in investments, I have decided to switch to finance. In India, I feel investments its a good profession and I have interest in pursuing it as a full time career. I am however confused on how should I take things forward. I feel an MBA will give me a platform to take things forward. But as I have to stay in India permanently in the future is it better to go to the USA for an MBA and come back (after a few years) or to stay back and do it in India. Please let us leave the top B Schools such as Harvard, Wharton etc to go for an MBA. I don't have the resources (money) nor can I risk taking the loan. P.S: The financial market in India is way different than from the USA. Big concern.
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Answer:
Find out which company you would love to work for. Find out where they recruit. Contact them before you enter B-school and tell them your passion and why you want to work with them. Ask pointed questions like what is more valuable to you, MBA or CFA. If MBA then what courses, skills would you expect post MBA? This will shape your decision better.
Faheem Gill at Quora Visit the source
Other answers
Perhaps you could do both. The International MBA program at Modi Academic International Institute (MAII)in Delhi lets you start studies in India and finish in USA, and even a chance to do a full time internship over there. You also earn the same degree as the students of Stratford University. In case you want to, you can even opt for the Regular MBA. In India, the cost of living is much lower than in America plus the flight fare from Dubai has become almost like local fare. Another option is getting a Post Graduate Diploma in management at the Indian School of Business and Finance (ISBF) in Delhi. This School is under the academic direction of University of London, which means you will be earning a prestigious degree from the London School of Economics (LSE), which is one of the choicest degrees accepted worldwide. Here are some more links to other institutes and colleges of repute: http://www.stormgroup.in/ http://www.itm.edu http://www.lpu.in
Sam Bailey
You speak of finance and investment in the same tone, but in the U.S., they generally refer to different functions, unless you're referring to investment banking (which I would put in finance). For the former, your MBA training and the school you attended would affect your outcome: reputable finance companies recruit from very few, specific schools, which you've already disqualified. For the latter, entering the personal investment world doesn't require an MBA and people with many different undergraduate majors work in those companies. Since you are planning to stay in India, I would ask someone you can trust (not on Quora) in the industry to see what companies prefer. In the U.S., you would probably have to get a MBA from a high rank school to move into investment banking.
Shane Ryoo
I think all B schools in the US cost a lot and comparatively, Harvard is cheaper. MBA graduates from the US and India are treated alike by employers in India as far as I know. So unless you're looking for employment in USA , Indian colleges might be a wiser option. Just my opinion.
Nikhil Kurup
An MBA degree is one taken to enhance the career prospects be it to follow a career in investment or starting up an own venture.Mostly all institute be a top notch B-school or a b-grade B-school follow the same curriculum ,the same management principles are taught and the same projects and case studies are given to students,so in terms of the content all adopt the same, however in terms the students ability to grasp and maneuver it and utilize the theoretical knowledge in the practical http://sense.It requires relentless effort and perseverance to excel and be street smart to outshine the others. MBA in India is no less credit worthy than any abroad degree ,institutes in India are trying to bring and adopt all the educational policies people are exposed abroad aimed at overall grooming of the students to make them fully equipped to be global manager. http://fms.mitsuniversity.ac.in/life-at-FMS.php
Mits Lakshmangarh
First let me dispel a wrong notion from your mind. The amount of money (you have mentioned âresourcesâ) you would need for an MBA from ANY business school in the USA is more or less similar. A schools ranking has no bearing on the cost of the MBA. There might be a 10-15% difference between the most expensive and the cheapest but in either case the cost is going to be 4-5 times what it would cost at the most expensive Indian B-school. So, if you do not have your own money and you are not prepared to take a loan, you do not really have the choice of a US school. Scholarships are available at most schools but are not easy to come by. So if money is an issue, you do not even need to go any further. At another level, the question of US-MBA or Indian-MBA could be evaluated from different points of view. Learning and Knowledge: The broad topics covered in the curriculum at most business schools, in India or anywhere else are generally same or similar. Between the core courses and electives, you can design your curriculum to suit your needs. So in both cases you would study all the topics you need to. However there is a difference in the way the curriculum is administered in many cases. At US schools the learning perhaps has a more âpracticalâ orientation with many more real life problems and situations forming part of the class discussion. However the quality of education at the top tier Indian B-schools is also great. Moreover, if you intend to live and work in India in the long run, whatever advantage you might get from the US-MBA would get offset by your familiarity with the Indian situation which the Indian-MBA would give you. Cost and ROI: As I have written above, the cost of an MBA education is much higher in the US as compared to India, not just at Harvard, Wharton and other top schools but at any school. On the other hand, post-MBA you might also work in the US and get a higher salary. But on the whole, if you take a 100% loan to finance your education, in the US you are likely to require 3-5 years (sometimes even more) of working with a dollar salary post MBA to pay back your loan and become debt free whereas if you take a full loan for an Indian MBA, you would most likely be debt free much faster. Suitability:Taking all the above into account, what will suit you better? Well, if your objective is to live and work for some significant period of time (at least 5-7 years) in the US post MBA, you could be better off going to a US school for the MBA, take a loan and repay it at the earliest, work for few more years to save up some money and then return to India. But if that is not your objective and you would rather live and work in India right from the start, then you should definitely be looking at some business school in India. Let me add here that many MBA grads from Indian schools also get into US jobs â a few might get recruited directly from campus for foreign assignments and some may move to the US or some other country at some later time in their career. And if they do, they too earn similar salaries compared to their US educated counterparts in most cases, in which case their ROI becomes that much better. Finally: From your question your reasoning about why you want to go for MBA at all, is not clear. You have mentioned âInvestmentsâ as a possible full time career. Do you mean Investment of your own money as a profession? Or do you mean some other area of Finance or Investment Banking? I would advise you to learn more about these different careers and try to figure out your own career goals with more clarity before you embark on your MBA. Find out whatever you can, think more about what you would like to do and then define your career goals. That will perhaps help you much more with your decision.
Alok Mangal
Foreign MBAAn 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. Also, most foreign b-schools tend to have a large diversity in their student class so you benefit 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. 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 which is very expensive. More importantly, 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. Hence, if you want to work in India after your MBA, a foreign MBA is less preferable. Indian MBAAn Indian MBA will help you gain business related knowledge pertinent to the Indian market. An Indian MBA will be significantly 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. Around 70% of the curriculum in an Indian MBA degree course will be common to its foreign counterparts, however 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 salary of an Indian MBA will be lower than an US MBA. Also, if you wish to work abroad, an Indian MBA will be disadvantageous since they would prefer students from their own B-Schools. Other Factors in choosing an MBA degree The ranking of the colleges you are targeting will also influence 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 and you will be considered as one of the best in the world. If you have to chose 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 chose between a top 10 Indian b-school like the IIMs vs a medium tier US / EU b-school, then an IIM will be a better option. If you wish to chose between an average Indian MBA degree and an average foreign MBA, then you need to make a choice based on the points above like MBA fees, preferred country of work and post-MBA salary. For more information keep reading at management paradise. source:(http://www.managementparadise.com/)
Snehal Dave
Since you have said that you want to permanently settle in India and also taken the Top schools out of question - you should definitely get an MBA from India.Because you will not only be closer to Indian markets but also the network you are going to have in India will be more beneficial. Suppose you do an MBA in USA, your peers might be of very little help to you in future.
Nagarjuna K
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