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About deciding whether to go for MBA or not?

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Intern
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Joined: 16 Nov 2016
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About deciding whether to go for MBA or not?  [#permalink]

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New post 07 Jul 2017, 03:36
I am a 26 yr old software engineer looking for further growth in career. I m currently having a good pay of about18 LPA and have 3.7 years of work experience. I am looking for MBA but the avg package from ISB PGP is 22 LPA and from IIMA PGPA is 25 LPA. Is it advisable for me to go for MBA (PGP) from ISB or PGPX from IIMA?I have also researched abt MBA from US but it is way too costly - about 1.1 crores INR and scholarships , I assume are at max 30%. But the average package from USA MBA is good - about $140K. So given my work experience of 4 years and a good current package of 18 LPA, should I go for MBA from ISB/ IIMA or an MBA from US?
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Re: About deciding whether to go for MBA or not?  [#permalink]

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New post 07 Jul 2017, 22:47
ukgmatgeek wrote:
I am a 26 yr old software engineer looking for further growth in career. I m currently having a good pay of about18 LPA and have 3.7 years of work experience. I am looking for MBA but the avg package from ISB PGP is 22 LPA and from IIMA PGPA is 25 LPA. Is it advisable for me to go for MBA (PGP) from ISB or PGPX from IIMA?I have also researched abt MBA from US but it is way too costly - about 1.1 crores INR and scholarships , I assume are at max 30%. But the average package from USA MBA is good - about $140K. So given my work experience of 4 years and a good current package of 18 LPA, should I go for MBA from ISB/ IIMA or an MBA from US?


Hi,
You have asked two questions.

1. Whether or not to purse an MBA?
2. Whether to pursue it from India or USA?

It is difficult for anyone to comment on this really. It depends on your circumstances. With a simple google search you'll find 100s of articles to the point. If you're looking to pursue an MBA only for increase in salary perhaps you'll be disappointed. But again people do MBA for all sorts of reasons and after graduating realise different reasons. Moreover, pursuing an MBA doesn't guarantee you success or should I say happiness.
Finances are a huge reality one must consider before embarking on the journey. More and more students are graduating with massive amounts of debt. Even with your increase in salary you maybe left with less disposable income. Education loan is one among a few that you will be taking in the next 10 years (Think housing, vehicle, etc.).

However, based on my experience I'd say if you can manage your finances (cost of an MBA, opportunity cost) an MBA will be worth it. Hope this helps.

Best,
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Deep A.
Ivey Alumnus (Class of 2015)
https://EduSimplified.com

Check out our new tool MBA Matrix https://EduSimplified.com/mba-matrix
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Re: About deciding whether to go for MBA or not?   [#permalink] 07 Jul 2017, 22:47
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