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26 October 2013, 06:35   Report Abuse

Venkatesh Kasamsetty

Accountant



[ Scorecard : 32]


Do MBAs from global B-schools give indian students a better RoI than our own 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 can  cost anywhere between Rs. 60 lakh to Rs. 69 lakh. Median pay for graduates with three years experience or less at these global schools has dropped to $53,900 (Rs.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 Rs17 lakh and students graduating from it earn a mean pay of Rs.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 any time soon. MIT Sloan has 100 students of Indian orgin out of a total of 750 in its management programs. At Harvard, of 588 full-time internatinal students in business courses, India forms the biggest chunk with 85 students for the year 2012-13.

Source: ET March 2013






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