MBA is the acronym of Masters in Business Administration, which is a postgraduate degree that is more of a managerial offer. After the completion of the undergraduate course, you'll be able to pursue it.
The MBA courses are offered by various colleges in India and abroad. MBA courses are offered in various specialisations in the core subjects of management. There are various types of MBA courses offered depending on the specialisations and the core subjects.
In this blog, we will look at various metrics that you can consider when thinking about MBA course admission in India or abroad.
MBA IN INDIA
Theoretical & Practical
Rs. 7-25 Lakhs
Rs. 20-75 Lakhs
CAT, IIFT, NMAT by GMAC, SNAP, XAT, GMAT
Average Annual Salary
Rs. 18-19 Lakhs
Rs. 45 Lakhs
Full Time, Part Time, Online
Finance, Marketing, HR, Entrepreneurship, International Business, Supply Chain, Healthcare, etc.
Finance, Marketing, HR, Entrepreneurship, Data Analytics, Digital Marketing, Consulting, Information Systems, etc.
Work Experience Required
No Work-Ex required
The placements offered by Indian institutions are readily available. Students might even get the chance to get interviewed by prestigious MNCs and banks.
Not all universities follow the usual way of ‘placements’. Despite the fact that some may aid the students in their career hunt, none of the universities can guarantee a placement.
Pros of doing MBA in India:
● More affordable tuition fees
● Some colleges offer without any work experience
● Less stages for admission
● Easy application process
● Culturally, easy to adjust because of familiarity
Cons of doing MBA in India:
● ROI is uncertain
● Practical exposure is less
● Pay-out may be limited for a few top students
Pros of doing MBA Abroad:
● Higher average salary
● Diverse environment
● Global exposure
● Range of specializations is wide
Cons of doing MBA Abroad:
● Cost of an MBA abroad is twice or thrice more than that in India.
● Admission process is time consuming
● Requires extensive paperwork
● Difficult to adapt to the culture and environment
● Work experience is an essential factor