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03 Sep 2020, 22:43
Kudos
Bookmarks
Hello all,
I am an Indian student and I am planning to apply for ISB for the upcoming session
Though I am perplexed at the mathematics behind MBA from ISB
The fees for 1 year including the cost of accommodation is 35 Lakhs
Lets say 30L is the loan amount
Generally the period of repayment is anywhere between 5-10 years
Earning after MBA would be in INR
Now,
Lets take a look at the other side
Even though the expense of education and accommodation in foreign universities will be almost 40-50L
and the loan amount would be lets say 40-45L
Repayment can be done sooner in this case because the pay is significantly higher (And even if the extra cost of standard of living is taken into consideration)
The entire loan amount can be repaid in about 2-3 years
I hope that the above scenario makes sense
Would love to read some more opinions about this
Especially from someone who has experienced this.
TIA!
I am an Indian student and I am planning to apply for ISB for the upcoming session
Though I am perplexed at the mathematics behind MBA from ISB
The fees for 1 year including the cost of accommodation is 35 Lakhs
Lets say 30L is the loan amount
Generally the period of repayment is anywhere between 5-10 years
Earning after MBA would be in INR
Now,
Lets take a look at the other side
Even though the expense of education and accommodation in foreign universities will be almost 40-50L
and the loan amount would be lets say 40-45L
Repayment can be done sooner in this case because the pay is significantly higher (And even if the extra cost of standard of living is taken into consideration)
The entire loan amount can be repaid in about 2-3 years
I hope that the above scenario makes sense
Would love to read some more opinions about this
Especially from someone who has experienced this.
TIA!
10 Jun 2021, 11:33
Kudos
Bookmarks
ProfChaos
Firstly, I'd like to correct you, top foreign MBA (other than Asian colleges) costs far more than 50 lakhs.
Purely from ROI perspective, Yes ISB looks costlier.
But there are other risks involved in foreign MBAs like say VISA issues. Foreign Bschools also do not have 'placements', so its more difficult to find the job role you aspire. So I think it's matter of choice
19 Feb 2024, 05:44
Kudos
Bookmarks
Your analysis of the financial implications of pursuing an MBA from ISB (Indian School of Business) versus studying abroad presents a common dilemma for many students. Here are several factors and perspectives to consider:
Cost-Benefit Analysis
Cost-Benefit Analysis
- Return on Investment (ROI): Compare the post-MBA salaries and career opportunities both in India and abroad. While salaries may be higher overseas, consider the cost of living, taxes, and savings potential in each location.
- Loan Repayment: A shorter repayment period might be appealing, but assess the pressure it might put on your finances and lifestyle. In countries with higher salaries, the loan amount may be higher, but the increased earning potential can offset this.
- Geography and Industry: Your target industry and desired work location play crucial roles. Some sectors and roles may offer faster growth and higher salaries, making loan repayment easier.
- Network and Alumni Success: Look into the success stories of alumni from both ISB and foreign universities. The strength of the school's network in your target industry and geography can significantly impact your career post-MBA.
- Curriculum and Specializations: Consider the academic strengths of each institution. While ISB offers a robust curriculum tailored to the global and Indian market, international programs may provide a different perspective and specialization options.
- International Exposure: Studying abroad can offer diverse cultural and business exposure, which is valuable in a globalized business environment. However, ISB's strong ties to the industry and its global faculty and student exchange programs also offer significant international exposure.
- Work-Life Balance: The pressure of repaying a larger loan in a shorter timeframe may affect your work-life balance and stress levels.
- Personal Goals: Align your education choice with your long-term personal and professional goals. Whether it's working in a particular region or industry, or achieving a certain lifestyle, choose the path that best suits your aspirations.
- Alumni and Current Students: Connect with alumni and current students of ISB and the international programs you're considering. They can provide insights into their experiences, the value of their investment, and advice on managing finances post-MBA.
- Financial Advisors: A consultation with a financial advisor familiar with education loans and investment could offer personalized advice based on your financial situation and goals.
