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# Opportunity Cost of MBA in Canada / Alternative to MBA

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Author Message
Intern
Joined: 30 Jul 2018
Posts: 3

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22 Sep 2018, 07:39
Hi All,
I am new to gmatclub.. so apologies for anything, that i might have done which is not in line the forum requirements.

I am a BE (Electronics) graduate, currently working in an Indian MNC in Manufacturing Sector.

My work profile is as follows:
Total experience of 10 years (8 years in project management + 2 years in Business Development).

My educational background is as follows
-- 10th : 84 % (CBSE board)
-- 12th : 88.67% ( State Board) with 98% in Physics Chemistry & Mathematics
-- B.E (2008): 73%
-- Management Education Program (2016) in General Management from IIMA (nominated by my firm). Its a 2 year certificate program with contact classes for one week in a month for 18 months.

My current industry is a very niche sector and I am now looking for new opportunities to diversify my skills. Also I am looking for options to settle abroad. Hence looking for a job in in Canada . While inquiring about the Permanent Residency (PR) , I was given to understand that your current work experience may not be valued much in Canada and it would be difficult to find a job of equivalent responsibility / seniority. An education in Canada will place you well to find a decent job.

However, the opportunity costs for the MBA ( One year MBA tuition fees of Rs 60-80 lacs and one year of my current CTC - Rs 22+ lacs per year) i.e approx Rs 1 Crore, is very high. So, would be glad to take your guidance on the following :

1. Is MBA worth doing after having a certificate in General Management. Will the certificate have any value in Canada ( as it is a company nominated program) ?

2. Is it worth considering better colleges in US / Europe. How easy will it be to move to Canada at a later stage ?

3. Are there good MBA colleges in Canada that provide a on year full time MBA ?

4. Advantages of Canadian PR: Will having a Permanent Resident card help in significant reduction in tuition fees as well as in increasing the chances of scholarships?

5. Compensation : Considering an opportunity cost of Rs 1 Cr for a one year MBA and Rs 1.5 Cr for a two year MBA , want to know whether colleges in Canada would give me a significant increase in the compensation

6. Alternate Suggestions : Considering my requirements, would you recommend any alternate route to a MBA?

Thank you once again
Manager
Joined: 25 Sep 2018
Posts: 117
Location: United States (CA)
Concentration: Finance, Strategy
GMAT 1: 640 Q47 V30
GPA: 3.97
WE: Investment Banking (Investment Banking)
Re: Opportunity Cost of MBA in Canada / Alternative to MBA  [#permalink]

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07 Oct 2018, 07:31
I will suggest you to try getting a scholarship as it's easy to get a scholarship with the kind of profile you have with a good GMAT score. Also, The opportunity costs lie much beyond than what can be expressed in terms of money. For eg, the learnng and the experience you get from a bschool, the network you can form there, and the kind of exposure you get at an international market.
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Re: Opportunity Cost of MBA in Canada / Alternative to MBA &nbs [#permalink] 07 Oct 2018, 07:31
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# Opportunity Cost of MBA in Canada / Alternative to MBA

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