I'm a 2nd year engi. Stu , I'm confused what should i do after grad, I came up with MBA and don't know how to proceed, any suggestios

Dear Aditya Wadgaonkar,

Hope you are doing well. After graduation in engineering there will be three following paths open to you

1. Job

2. MBA in India or Abroad

3. M.Tech or MS

As you have already came up with the second option I will give you soem details so you can take your decision wisely

MBA in India.

An 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.

Now talking about the admission part. THe competition in India is much higher. You have to appear for the exams such as CAT/XAT/IIFT/NMAT/SNAP/CMAT/MAHCET. You need to score 99+ percentile in all the exams to secure an admission in any of TOp 20 B Schools in India. Because doing MBA from Lower tier B Schools will only cost you much without getting placed.

MBA Abroad.

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. 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.

However, 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. 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.

So If you really want to have a global MBA then you should go for this.

For Foriegn MBA you need to give GMAT and IELTS/TOEFL. In GMAT you need to socre 720+ to secure admission in good colleges. But here In Foriegn MBA they ask for minimum 2 or 3 years of work experience. So choose wisely.

Hope I answered your query in detail. If yopu have any other queries you can comment over here. Please upvote if you liked my answer. All the very best for your future.