Reasons To Do An MBA For Indian Students

Every year, many Indian students pursue MBA programs in foreign universities. As per recent data, more than 2L Indian students are currently studying in the USA in 2023, and a significant proportion are enrolled in MBA programs. Pursuing an MBA degree can open up many opportunities for Indian students in India and abroad.

MBA degree is the most reputed degree in the business field. Students who have completed their MBA degree abroad earn higher packages than bachelor’s degree holders. Moreover, the average annual salary of an MBA graduate is around INR 96L in the USA, which is 12 times higher than that of MBA graduates in India.

Get a quick overview and unlock valuable information about the MBA Abroad from the table given below:

Top Countries For An MBA	–USA –UK –Canada –Australia
Top MBA Universities	–MIT Sloan School Of Management –Stanford Graduate School of Business –Imperial College Business School –London Business School –Ivey Business School –Rotman School Of Management –Monash University Clayton Campus –Melbourne Business School
Top MBA Streams	-Finance -Marketing -Human Resources -Operations -International Business
Entrance Exam For MBA	–GMAT –GRE -CAT -XAT -MAT -SNAP -CMAT -NMAT -IBSAT
Types Of MBA Courses	– Full-time MBA  – Part-time MBA  – Executive MBA  – Online MBA
Average Tuition Fees	INR 17.5L – INR 50L
Top Jobs After MBA	-Business & Data Analyst -Information Technology Manager -Field Marketing Manager -Investment banking -Business Development Manager
Average Salary After MBA	INR 40L – INR 1Cr

Reasons To Do An MBA

Here are ten reasons why pursuing an MBA degree could be a smart choice for Indian students:

1. Career Advancement

An MBA degree can be a wise decision for Indian students looking to advance their careers. According to a recent survey, MBA graduates saw an average salary increase of 79% from pre-MBA salaries. This is why pursuing an MBA is becoming increasingly popular among Indian students. 

If you’re considering an MBA, knowing what opportunities are available for you after graduation is essential. 

Here’s a table of the top professions after MBA with average annual salaries in the USA, UK, and Canada:

Jobs	Avg Salary in the USA	Avg Salary In the UK	Avg Salary in Canada
Investment Banker	INR 2.7Cr	INR 50.5L	INR 85L
Marketing Manager	INR 81L	INR 50L	INR 43L
Financial Manager	INR 1Cr	INR 68L	INR 63L
Operations Manager	INR 72L	INR 54L	INR 51L
Business Development Manager	INR 1 Cr	INR 61L	INR 55.5L

2. Skill Boost

Completing an MBA degree can provide Indian students with a skill boost that can help them excel in their careers. Here are some benefits of pursuing an MBA in terms of skill enhancement:

• Leadership skills: MBA programs offer courses that help students develop essential skills such as critical thinking, problem-solving, decision-making, and communication. 

• Business knowledge: MBA programs offer a comprehensive understanding of the business world, including concepts such as finance, marketing, and strategy. 

• Networking opportunities: MBA programs provide ample opportunities to connect with business professionals and alumni, which can help Indian students build a strong professional network. 

• Global perspective: MBA programs offer a global perspective on business, which can help Indian students understand the complexities of working in a globalised economy. 

3. Earning Potential

One of the primary reasons why Indian students pursue an MBA degree is the potential for higher earnings. As mentioned earlier, MBA graduates can see a significant salary increase after completing their degree. 

Let’s look at some average salaries of Indian students before and after completing their MBA.

Profession	Pre-MBA Salary	Post-MBA Salary
Marketing Manager	INR 31.5L	INR 63L
Financial Analyst	INR 26L	INR 47L
Operations Manager	INR 37L	INR 68L
Consultant	INR 42L	INR 73.5L

As you can see from the table, the earning potential for Indian students after completing an MBA degree is significantly higher than their pre-MBA salaries. This makes pursuing an MBA degree a smart choice for those looking to advance their careers and increase their earning potential.

4. Entrepreneurship Understanding

Entrepreneurship Understanding refers to the knowledge and skills required to start, manage, and grow a business successfully. It involves identifying opportunities, taking risks, and innovating to create a sustainable and profitable experience. 

Here are some benefits of understanding entrepreneurship:

• Self-employment: Understanding entrepreneurship can help individuals start their own businesses and become self-employed. 

• Job creation: Entrepreneurs are job creators. By starting their own businesses, they can create job opportunities for themselves and others, contributing to the economy’s growth.

• Innovation: Entrepreneurs are known for their innovative ideas and solutions. Individuals can learn to think creatively and develop new products by understanding entrepreneurship.

• Financial stability: Successful entrepreneurship can improve financial stability and security. Entrepreneurs can generate wealth and create an inactive income stream.

• Personal growth: Understanding entrepreneurship can help individuals grow personally and professionally. It involves taking risks, learning from failures, and continuously improving oneself.

Overall, understanding entrepreneurship can open up many opportunities for individuals and provide them with the skills and knowledge required to succeed in today’s world.

5. Specialisation Opportunities

An MBA degree gives Indian students numerous opportunities to specialise in various business areas. Some of the popular specialisations include finance, marketing, operations, human resources, international business, and entrepreneurship. 

Specialising in a particular field can help Indian students develop in-depth knowledge and expertise that is highly valued in the industry. It can also help them stand out in the competitive job market and increase their chances of getting their dream job.

Here’s a table showing some popular MBA specialisations and the top industries that hire graduates in those fields:

Industry	Specialisation
Finance	-Investment Banking -Asset Management -Corporate Finance -Private Equity
Marketing	-Advertising -Brand Management -Market Research -Digital Marketing
Operations	-Supply Chain Management -Logistics -Manufacturing -Quality Management
Human Resources	-Talent Management -Recruitment -Employee Relations -Training and Development
International Business	-Export/Import -Global Marketing -International Finance -Cross-Cultural Management
Entrepreneurship	-Start-ups -Small Business -Private Equity

6. Global Perspectives

Pursuing an MBA degree can help Indian students develop a global perspective, which can open up many opportunities for them in the future. 

Here are some benefits of having a global perspective:

• Better communication skills: Understanding cultural differences can help individuals communicate more effectively in a diverse workplace.

• Improved problem-solving abilities: A global perspective can help individuals identify and solve problems in a globalised business environment.

• Expanded career opportunities: Working in a globalised economy can open many new career opportunities for Indian students.

• Increased adaptability: An international outlook can help individuals adapt to different situations and environments.

• Enhanced creativity: Exposure to different cultures and perspectives can stimulate creativity and innovation in individuals.

7. Staying Relevant: Adapting to Business Trends

Staying relevant in today’s business world means adapting to constantly changing trends. For example, with the increasing popularity of remote work, many companies now offer flexible work arrangements to their employees. This has resulted in a rise in the number of digital migrants who can work from anywhere worldwide as long as they have an internet connection.

According to a study by FlexJobs, Half the number of remote workers reported being more productive working from home than in an office setting. Additionally, many remote workers reported feeling less stressed when working from home. Therefore, flexible work arrangements can be a suitable and excellent situation for employers and employees.

8. Higher ROI 

Pursuing an MBA degree from abroad can provide Indian students with a higher return on investment (ROI) regarding career advancement and earning potential. MBA graduates can see a significant increase in their salaries after completing their degree.

For instance, students who graduated from Stanford Graduate School of Business experienced an ROI of 325% with an average annual salary of INR 1.5Cr. Similarly, graduates from Harvard Business School have an ROI of 320%, with an average annual salary of INR 1.4Cr. These figures indicate the potential for a high ROI when pursuing an MBA degree from a top-ranked university abroad.

9. Better Job Opportunities 

Indian students who want to pursue an MBA degree from abroad have a wide range of job opportunities. Many multinational corporations and top-tier consulting firms actively recruit MBA graduates from prestigious universities. Pursuing an MBA degree from a foreign university can help Indian students stand out in the competitive job market and increase their chances of getting their dream job. 

MBA graduates can work in various industries, including finance, consulting, marketing, and technology. Some of the popular job roles for MBA graduates include business development manager, marketing manager, financial analyst, consultant, and project manager. 

Here is a table to give you an idea of some of the top recruiters hiring MBA graduates in the USA, along with the starting salary package:

Top Recruiters	Starting Salary Package
Mckinsey& Company	INR 1.6Cr
Google	INR 83L
Apple	INR 1.6Cr
Microsoft	INR 2Cr
Bain  & Company	INR 1.6Cr
Jp Morgan	INR 1Cr
Citigroup	INR 1.4Cr
Goldman Sachs	INR 1.4Cr
KPMG	INR 76L
Boston Consulting Group	INR 1.5Cr

10. Distance Learning & Online Courses:

In recent years, the demand for an MBA degree from abroad has increased among Indian students. Pursuing an MBA degree from a reputed university can give students global exposure and access to better job opportunities.  

However, many Indian students face the challenge of balancing their work and personal commitments with the need for a full-time MBA program, which has led to an increase in demand for online learning programmes offered by foreign universities. 

Some of the most popular universities that provide a distance learning MBA program to Indian students include:

Top Universities	Location
Warwick Business School	UK
Warrington College of Business (University of Florida)	USA
University of Illinois at Urbana-Champaign	USA
University Of New South Wales	Australia
Rotman School of Management (University of Toronto)	Canada

These programs allow students to study independently while providing the same quality education as their full-time counterparts.

Now, if you have understood the reasons to do an MBA abroad. Let’s take a look at the top universities abroad offering MBA degrees for Indian students

Top Universities Offering MBA Degrees For Indian Students

If you are considering pursuing an MBA degree from abroad, it’s essential to research the universities that offer the program and the associated costs.

To make your research easier, we have compiled a list of the top 10 universities offering MBA degrees for Indian students:

Top Universities	Average Annual Fees
Stanford Graduate School of Business	INR 66.5L
Harvard Business School	INR 62L
Wharton School at the University of Pennsylvania	INR 73L
MIT Sloan School of Management	INR 70L
London Business School	INR 1.2Cr
Warwick Business School (WBS)	INR 56.5L
University Of Alberta	INR 44L
HEC Montreal	INR 37L
Melbourne Business School	INR 58.5L
Monash Business School	INR 40L

Scholarships for MBA students Abroad

Are you an Indian student considering pursuing an MBA degree? Then you are thinking about the associated high studying and living costs. Worry not; various scholarships are available to fund your studies and living costs abroad, through which you can get the best education without any financial burden.

Here are some of the top scholarships for MBA students abroad:

• MIT Sloan School of Management MBA Scholarships
• Harvard Business School Boustany MBA Scholarship
• SARI Foundation Trust Scholarship
• London Business School Fund Scholarships
• Alberta MBA Scholarships
• Rotman School Of Management Scholarships
• Melbourne Business School-MBA Scholarships
• Monash International Leadership Scholarship 

Want to know more about Scholarships?

Final Thoughts

Pursuing an MBA degree can be an excellent opportunity for Indian students to enhance their career prospects and gain valuable skills and knowledge. Whether you want to start your own business or shift into a new industry, an MBA can help you achieve your goals. 

From networking opportunities to access to top-notch faculty, pursuing an MBA degree has numerous benefits. So, if you are considering an MBA, take the time to research your options and choose a program that aligns with your future goals.

To start your MBA journey in the top countries like the USA, UK, Canada, and Australia, get the finest advice and assistance from Leapscholar’s most experienced counsellors.

Remember, the decision to pursue an MBA can be life-changing, so make sure to consider your options carefully. Good luck on your journey towards an MBA degree.

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