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07 Jul 2017, 03:39
Kudos
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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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ag111
Joined: 25 Apr 2016
Last visit: 27 May 2023
Posts: 133
Given Kudos: 17
Concentration: Strategy, Operations
Schools: ISB '19 (M) Sloan '20 (D) IIMB (A) Ross '20 (A) IIMA (D)
GMAT 1: 730 Q50 V38
GPA: 3.71
WE:Supply Chain Management (Consumer Packaged Goods)
07 Jul 2017, 09:49
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ukgmatgeek
Hey There,
I think I can take a stab at this. An MBA is not just a short term investment but long term as well. If your post MBA goals are in the same domain and industry and you think an alternate route exists then MBA may not be the right investment for you. If not then it very well may. Also MBA from elite schools helps you transform your career trajectory in a different path. There are lot of other factors that one need to consider when evaluating return on investment rather than simple numbers. A lot of these factors aren't as tangible as average packages.
PS-Are you based in India? You user id says UK. So if you are making that money in UK it is not that simple a conversion. Even if you are converting your absolute annual savings and then converting to inr I don't think it is a wise way to do it.
I dont think you are eligible for IIM A PGPX or IIM B EPGP. They need min 5 years experience as on March 2018. Please verify if they consider 4.5.
08 Jul 2017, 13:45
Kudos
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Thanks for the reply. I am currently a software dev. with 4 yrs exp. in India and I am more concerned about the long term investment as in I want to grow faster to a VP, or CXO role some years after MBA. So if I have to choose between a US B-school and India's IIMA/ PGPX, which will be a better choice? Also what are the ways to finance the huge fees of US colleges. I have researched and found that the top US colleges only provide 30% scholarships at max. Also, I want to know about my profile - BIT Mesra IT 2013 passout, 4yrs. work exp as frontend developer - is that good enough for a US -school?
