Is pursuing an MBA in India still a smart choice in 2024?

Question

M Rizwan · Accepted Answer

In 2024, pursuing an MBA in India is still a smart choice, but it depends on what you&rsquo;re aiming for. Top Indian schools like IIMs and ISB are known for their quality, and they have a strong reputation, especially in the local job market. If your focus is on building a career in India, the connections and networks you build through these institutions are a big advantage&hellip; they can open doors with top recruiters here.
However, it is important to think about the competitiveness of the job market. Getting into good positions can be tough, and starting salaries, while decent, might not match what you could potentially get with an international degree. The usual range starts around 12-25 lakhs per year, depending on the company and industry. But on the bright side, the cost of doing an MBA in India is far more affordable compared to studying abroad. You could be looking at around 25-35 lakhs for tuition fees here, whereas global programs can cost significantly more.
Well, it comes down to your goals. If you want a good ROI and plan to work in India, an MBA here is a smart investment. But if you&rsquo;re after international exposure and higher salary prospects, it&rsquo;s worth considering other options.

B.K Sharma · Answer

Yes, doing an MBA in India in 2024 remains very good. Many students, after graduating from the best institutes in India, have seen just how effective such programs may become in trying to set up a person for leadership roles. The faculty itself is nearly always industry-experienced, and the curriculum is also designed to keep pace with the latest business trends, so you get real-world knowledge that helps a lot in your career.
The key thing, however, is that you do need to make the best use of the networks that you create. The alumni network in institutes like IIM is extremely strong, and those ties can hugely impact placements. Salary-wise, you'll start from 15-25 lakhs, depending on where you land up, though a lot of that comes from the internships and projects that you take up during your course.
Financially, an MBA in India is much more accessible compared to international options. You are paying significantly less - often about 30-35 lakhs. And the career growth one can make after graduation is pretty fast if you seize the right opportunities.
So if you want a very good career and your degree fetched respect, then going for an MBA in India is still a great idea, just be prepared to give yourself entirely to this experience- it pays in the long run!