A Global MBA in which you study in a foreign country might be slightly costly but worth it for the exposure that it gives you. With global India becoming a reality, the internationalization of MBA programmes has increasingly become a key goal for Indian B-Schools but deciding MBA in India or Abroad is still a question for the students.
What is meant by the internationalization of the MBA programme? It is the process of combining intercultural, international, and global dimensions into the research, teaching, and service of institutions. Internationalization is done in order to enhance the quality of research, education, and international exposure for each student. With today’s managers required to be equipped with skills to perform effectively across different markets, managerial education is going through a pattern shift both in terms of approach and ideology across the world. The pattern shifts are caused by two main factors, brisk internationalization of the business environment and economic recession.
So, if you are planning an MBA abroad you might also want to consider the B-schools providing international grade MBA education in India. Here is a list of all the B-schools in India that provide International MBA programs, and relevant details about them.
1. X.L.R.I (Xavier School of Management), Jamshedpur
Exam Accepted: XAT, GMAT
Courses Offered: PGDM
Fees: INR.16.8 Lakhs
Average Placement: INR.24.3 LPA
No. of Seats: 180
XLRI was formerly known as Xavier Labour Relations Institute. It was established in 1949 and is approved by AICTE and credited by NBA, AMBA, and AACSB. They offer specialization in business administration, human resource management and general management. The Institute gives students box placement support and global visibility. Every year some of the most reputed companies visit the campus for placements. They are best in the field of HRM.
Recruiters include JP Morgan Chase, TATA Hitachi, TCS, VLCC, ITC, Muthoot Fincorp, Infosys DCG, Dell, ICICI Bank, Trident, Goldman Sachs, Cognizant, Amazon, Axis Bank, L&T ECC, KPMG, Hexaware, HCL, Tech Mahindra, OYO and Byjus, etc.
2. S.P. Jain Institute of Management and Research
S.P Jain Institute of Management and Research (popularly known as SPJIMR, Mumbai) is one of the most prestigious management school, situated in Mumbai, Maharashtra, India. It is an autonomous institute with entrepreneur agility and a part of the Bharatiya Vidya Bhavan. SPJIMR, Mumbai consistently ranked amongst the Top-10 management institutes in the country. Founded in 1981 by the then British PM, Margaret Thatcher, SPJIMR mission is to Influence Practice and Promote Value-based Growth.
SPJIMR offers PGDM (Post Graduate Diploma in Management) course in a full-time residential mode in various specializations including Finance, Information Management, Marketing Management and Operations & Supply Chain Management. The institute also offers Post Graduate Program in Management, Global Management Program (GMP), Post Graduate Management Program for Women (PGMPW), Fellow Program in Management (FPM) and some Executive Certificate courses in various specializations.
3. SDA Bocconi Asia Center
Every year SDA Bocconi Asia Center offers different courses, for a commitment that revolutionizes personal and professional life. Different types of programs are available to respond to different personal and professional needs, so, choosing the training most in line with your career path will not be an issue.
SDA Bocconi School of Management is currently ranked 3rd Business School in Europe by Financial Times and holds Triple Accreditation – AACSB, AMBA, and EQUIS. The selection process is based on holistic profile evaluation including prior academic records, test scores (CAT/NMAT/GMAT/GRE/Bocconi Test), and performance in the personal interview.
The IMB program offered by SDA Bocconi Asia Center is built with a combination of solid theory, case-study methodology, international experiences and corporate exposure. It is specifically designed to create responsible, reliable, and effective business leaders. It comprises of two 11-month modules. A distinctive feature that makes this program highly sought after is the opportunity to spend a semester at Bocconi University in Milano, Italy. It allows students to specialize while offering the experience, the international outlook, and the multicultural environment essential for a successful career in a global economy. Upon completion of the program, participants are awarded a Master Diploma by SDA Bocconi School of Management in Italy.
4. MDI (Management of Development Studies), Gurgaon
Exam Accepted: CAT
Courses Offered: PGPM/PGP-HR/PGP-IM
Fees: INR 19.8 Lakhs
Average Placement: INR 22 LPA
No. of Seats: 420
MDI is a private business school established in 1973. The campus in Gurgaon is spread over 37 acres of land and provides excellent infrastructure. It is the first B-school that earned AMBA accreditation. For the final selection process shortlisted candidates through CAT go through GD & PI. Some of the top recruiters of MDI Gurgaon are Deloitte USI, OYO Rooms, KPMG, JP Morgan Chase, Airtel, KPMG, American Express, Accenture, Hinduja Group, Infosys and Bain Capability Centre.
5. IMT (Institute of Management Technology), Ghaziabad
Exam Accepted: CAT/XAT/GMAT
Courses Offered: PGDM
Fees: INR 19 Lakhs
Average Placement: INR 12.5 LPA
No. of Seats: 660
IMT Ghaziabad is one of the best Business schools in India and has been awarded the prestigious AACSB accreditation. It has been consistently ranked among the top 10 B-schools by various credible ranking agencies like Business Today, CRISIL, and has extensive industry partnerships in the Business school arena.
The Institute of Management Technology (IMT) Ghaziabad provides PGDM in Marketing, Finance, and PGDM-Banking, Insurance, and Financial Services (PGDM-BIFS). Some of the top recruiters at IMT Ghaziabad are Deloitte, PwC, Google, L’Oréal, JP Morgan, Britannia, Goldman Sachs, Microsoft, SAP, and Accenture.
Should you do an International MBA in India or travel abroad?
Let’s understand one simple aspect, doing an international MBA in India is most likely to land you a high paying job in the country. You can also apply in companies abroad, however, they will always prefer a candidate who has studied MBA in the respective country. So, why should you study international MBA in India?
There are a number of reasons. Firstly, the amount of money required to study MBA abroad is much higher, and this singular aspect can set you off. While the chances of scoring a scholarship are also higher for foreign B-schools, it is not possible for everyone. So, receiving world class education at a lesser rate becomes the go-to choice for many.
Secondly, in recent times the aforementioned B-schools have been quite popular and will continue to grow their international standards of education. So, this is the perfect time to jump on board. And lastly, there are many candidates who do not plan to work outside the country. In such a case, it does not make sense to spend multiple years studying abroad and networking, and then coming back to India. So, an International MBA in India is the best suited option for many candidates.
If you are planning to apply for an MBA program in the near future, make sure to check out the video below as it will provide you with the complete prep-plan and timeline!