The MBA Math
March 13, 2013 2 Comments
A COST CHECK ON MANAGEMENT DEGREES
Indian B-Schools Pay Much Better Returns
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.
Wealthy Nigerian businessmen and lonely Kenyan women flush with funds, soliciting your bank account details over an email, to transfer millions of dollars are passé. As Indians migrate to the internet en masse, so are the not-so-friendly neighbourhood scamsters. These fraudsters now land up in your inbox as advocates, police officials and friends through emails personally addressed to you and laced with links to malicious software that can steal your personal information including those related to credit cards and bank accounts.
Ever wondered how much it costs to have a branded food stall at a wedding?Well here are some figures to give you an idea:
wealthymatters 