How Much Will My MBA Cost?
The cost of acquiring an MBA degree is comparatively less expensive in India than overseas, particularly in the US.
The educational scenario in India has changed dramatically over the last decade. Several Indian institutions offer an international standard of education, many in collaboration with international universities, allowing MBA students to earn a high quality education at home.
When comparing MBA degrees in India versus the US, you'll want to consider the following:
Cost: An MBA abroad may cost anywhere from Rs. 20 to 50 lakh, whereas an Indian MBA will cost somewhere between Rs. 7.5 to 25 lakh.
Living expenses: Studying abroad may increase your living expenses and you may end up working abroad for a few years to recover the cost and your ROI target.
Job placement: Top schools in India have an excellent job placement record with top Indian, Asian, and global firms; locations are not restricted to India and Asia.
Prior work experience: Indian business schools are more open to candidates with little to no work experience than most US universities, which prefer candidates with a minimum of two to three years of work experience. However, full-time Indian Executive Management programs (e.g., PGPX / PGPM) at top schools accept only candidates with substantial work experience.
Focus of study: For specialized learning and training in areas such as Entrepreneurship, Venture Capital, Energy Management, and Sports Management, international business schools may offer better programs.
Diversity: International business schools currently offer a more diverse class environment, though Indian schools are working to change this.
Foreign university partnerships: The number of partnerships with Indian and foreign universities has increased:
• SP Jain Institute of Management and Research with Virginia Tech
• Indian School of Business with the Wharton School of Business and the Kellogg School of Management
• Great Lakes Institute of Management with Yale University
• Welingkar Institute of Management with Temple University
• The Institute of Management and Technology Ghaziabad with Fairleigh Dickinson University
Full List of SP Jain Institute of Management and Research (SPJIMR) Partnerships
SPJIMR Tie-ups for Faculty and Student Exchange Programmes
Schulich School of Business, York University, Canada
IESEG School of Management, France
Hochschule Reutlingen / Reutlingen University School of International Business, Germany
European School of Business, Reutlingen, Germany
Bordeaux Management School, France
Thammasat University, Thailand
National University of Singapore
Vlerich Leuven Gent Management School, Belgium
Johnson at Cornell University
University of Malaysia, Kuala Lumpur, Malaysia
National Taiwan University of Sciences and Technology, Taiwan
Universiti Sains Malaysia (USM)
The Resource Alliance, UK
UK Trade and Investment