12 MAY 2019

How different is ISB from the top 30 universities/B-Schools in the US?

I am glad you asked. I did this a long time ago.

Schools in India are not cheap as compared with the top Global Schools.

Comparison between the Top Indian school and a US Top 10-business school. I have also inserted appropriate URL’s and loan EMI Calculators for both the countries(India and ABROAD).

Many applicants turn down top US Schools when they compare the costs. However, they do not understand the following scenario: They will have savings every month if they go to a School abroad. In India, they will be under a lot of debt considering the salaries and the loan repayment terms. See the calculations( With Facts statistics from the schools’ websites. This is factual data and not speculation.

MBA ABROAD: They will have savings and an amazing lifestyle.
MBA INDIA: The majority of them will have Loan Burden and average lifestyle.

See the table below and decide where do you want to be



Total Cost of Education


20 to 30 Lacs

Loan Repayment Terms

Max up to 20 years @ 8.25%

International Student Loan

10-15 Years – 11.5%

Program Expenses

Average Annual Salary

$ 112167 ( Joining bonus is separate: $ 28000)

INR 69,54,354 + INR 17.36 Lacs Joining Bonus

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INR 17,41, 081 (No information on joining bonus was available. Not sure if the joining bonus/relocation is a part of this figure).

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Average Monthly Salary

INR 5,79,529

INR 1,45,090

Average Monthly Salary after Taxes

INR 405670

INR 1,01,563

Average Monthly expenses

$ 2,000 -$3,500

INR 1,24,000-INR 2,10,000

INR 60,000-INR 70,000

( Mumbai/Gurgaon)


10 Years- $1913 ( INR 118606)

20 Years-$ 1,329(INR 84,568)

Loan Payment Calculator


INR 37,193( 10 Year Repayment)

INR 30,688 ( 15 Year Repayment-Max Term)

Education Loan EMI Calculator


INR 80,000 to INR 2,00,000

Surplus Available for Car Loans/Homeloans

(Considering the max and min range of loan repayment terms and your monthly expenses)


– INR 4,000( Negative) to INR 10,000

Not sufficient for Car Loans

Tags: Top Business School, top B Schools, B School Essay Consulting

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