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The MBA Math


wealthymatters

A COST CHECK ON MANAGEMENT DEGREES

Indian B-Schools Pay Much Better Returns

wealthymatters

DO MBAs from global B-schools give Indian students a better RoI than IIMs? The question is worth asking because Stanford University increased MBA tuition fees by 3.9% last month, even as salaries are declining.

In rupee terms, an MBA at top global B-schools can cost anywhere between 60 lakh and 69 lakh. Median pay for graduates with three years’ experience or less at these global schools has dropped to $53,900 ( 29.32 lakh) in 2012, down 4.6% since 2007-08, according to US website Payscale.com that examined 186 schools.An MBA at IIM-Ahmedabad, on the other hand, costs 17 lakh and students graduating from it earn a mean pay of 13.73 lakh.

Students need more than two years’ salary to pay back the cost of a global MBA. Indian MBAs pay back much faster.

Still, the popularity of global MBAs is unlikely to wane anytime soon. MIT Sloan has 100 students of Indian origin, of a total of 750 in its management programs. At Harvard, of 588 full-time international students in business courses, India forms the biggest chunk with 85 students for the year 2012-13.

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About Keerthika Singaravel
Engineer,Investor,Businessperson

2 Responses to The MBA Math

  1. Alex Jones says:

    My opinion is the best way to learn about business is by running a business.

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