In this blog, Skill Maestro presents some reasons why considering an MBA abroad might prove to be a better proposition than considering to pursue it from India.
Lesser Expenses – Yes, you read it right – lesser expenses! While in India, your stellar score on the CAT exam will only get you through IIMs, there in foreign universities, your stellar score on the GMAT will not only get you through an excellent management school, but will also qualify you for scholarships, and mind you, 100% tuition waivers are not uncommon there in the US! Such high scholarships leaves you grappling with only your living expenses, to cover which, a plenty of TA/GAships are available. Cumulatively, your entire expense for your MBA abroad may actually come out to be lesser than what you would have otherwise spent in most colleges here in India.
More chances to ace GMAT than CAT – CAT (for admissions into Indian schools of management, mainly the IIMs) is an extremely competitive examination and you require a tremendous effort along with a considerable luck to be among the top 99 percentiles. GMAT on the other hand is an exam that is relatively more tractable than the ultra-competitive CAT. Not that it’s some cakewalk to ace GMAT, but you widen your scope more in case of GMAT than in case of CAT.
Cosmopolitan Academic Environment – Spending months with professors and students from diversified countries and cultures is a very big perk in itself as it prepares you to get a life changing experience of the worldly ways and a wider view of learning and also help you develop a comfort with different cultures. Semester Exchanges further intensifies this global exposure.
Diverse MBA Programs to Chose From – Most MBA programs in India are generic or entail only common domains like Finance, Marketing and HR. However, if you consider an MBA abroad, you have better and more specific colleges to choose from. Most colleges have a reputation in a specific domain which makes their specific programs extremely prestigious. For example, while University of Chicago Booth School of Business, NYU Stern, London Business School are excellent for their finance programs, Stanford University GSB (USA), MIT Sloan School of Management (USA), Imperial College Business School (UK) and Berkeley (USA) are specifically known for their entrepreneurship based MBA programs. Similarly there are tons of other options to streamline the choice of your school to your specific interests in management education.
Learning Different Work Cultures – A global reach helps you integrate with different work cultures, and more often than not, the mammoth infrastructure and resources that you are equipped with, not only helps you gain a technical competence but also develops the leader within you. This can prepare you very well in climbing the ladder of corporate positions.
Robust Network – This is a priceless perk of taking a management degree abroad. The robust global alumni network proves to be extremely resourceful especially if you are to venture into entrepreneurship. Angel and VC Networks are very easily accessible in countries like the US and a robust alumni network can really be resourceful. Also, who knows you might also find you co-founders in your management school itself, much like Mark Zuckerberg! Your resource network in case of a university abroad is any day more eclectic than in case of an MBA school back home.
Having said all this, you can again give it a thought if certain myths were holding you back from applying abroad. Yes, the application procedures in case of an MBA abroad are a bit cumbersome, but the pros highlighted above outweigh those cumbersome procedures, for sure!
| About Skill Maestro
At Skill Maestro, We guide prospective students about the entire application process as well as suitable universities as per their profile/test scores. We have consulted dozens of prospective students for MIS across the globe. We have a physical presence in Indore where we also help students prepare for GRE, GMAT & SAT
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