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About MBA from ISB/ IIMA

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About MBA from ISB/ IIMA  [#permalink]

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New post 07 Jul 2017, 03:39
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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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Re: About MBA from ISB/ IIMA  [#permalink]

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New post 07 Jul 2017, 09:49
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?


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.
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New post 08 Jul 2017, 13:45
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?
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About MBA from ISB/ IIMA  [#permalink]

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New post 08 Jul 2017, 16:38
ukgmatgeek wrote:
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?



I want to grow faster- MBA is one of the route. A top league school in that geography will go long way in realizing your career goals.

US B-school and India's IIMA/ PGPX- Depends where you want to work post MBA. Getting a MBA from HBS and then moving back to India is not a good RoI. Similarly chances of getting international job aren't quite high with IIM's/ISB. It is always recommended to first choose geography and then schools. If India IIM A,B 1 Yr and ISB are your best bet. But I do not think you qualify for IIM B given less than 5 yr experience.

What are the ways to finance the huge fees of US colleges- Not at all a problem. You can easily get tuition loan both in the US and in India if you can make into Top 20 US Schools.

I want to know about my profile- That info is not enough. It depends on what are the leadership roles you had taken at your work, do you manage a team, any major social involvement, post MBA goals and how do you present your profile(essays, LoR, Resume). But based on this limited info I can tell you to not have high hopes on scholarships in top 15. Your profile isn't spectacular. For schools ranked 16-25 it depends on the factors mentioned above and your GMAT score. You need around 750+ to get 30% or higher scholarship. Beyond rank 25 I don't recommend. The value of MBA diminishes very significantly post 25.Also risk are high for internationals and more so with current political environment in the US.

You may want to discuss with a consultant to get a detail feedback on your profile. Usually most of them give 15 min free consultation so it wont cost you anything. Additionally you will have a better clarity on your target schools and hence forth your target GMAT score.
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About MBA from ISB/ IIMA   [#permalink] 08 Jul 2017, 16:38
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