Indian students deciding to study abroad isn’t a new trend. Taking admission in international school and universities is a popular and well-accepted journey for many Indian students. In fact, this trend has increased over the last few years as there are many benefits of pursuing an international education.
As per the UN Population prospects, India has the largest population of young adults (aged 18 to 23) worldwide. This means that India has a massive population of young adults and education will continue to play an important role in the nation’s growth. Studying from the best college for better exposure and placement is an important factor that decides their course, university and country.
However, the number of Top colleges in Delhi and other cities that providing quality education is limited that leads to high competition to get in Best BBA, BCA, BCom, B tech. colleges.
There are many destination countries that offer best education, Exposure, scholarships and other attractive incentives like Best Placements for the students. All these factors attract the Indian students to study abroad.
So, having completed your BBA from the Best BBA College and the question of ‘What Next?’ will surely come to your mind. While considering options, MBA is one of the pursued- after courses across the world, being a highly regarded business degree.
Hence, it is important to choose the right institution to establish a successful career after an MBA considering its graduates are in high demand. Many students consider going abroad to pursue their masters to better exposure, overcome certain challenges and even gain a better understanding of the world.
Now having considered the option for studying abroad, it is important to consider options of schools for pursuing MBA. The top 4 countries worldwide for pursuing masters are the USA, UK, Canada and Australia.
The duration of MBA courses lies between 1.5- 2 years. It is beneficial for students to have certain work experience before applying for MBA abroad as they value that over academic records. Furthermore, students should’ve also qualified for entrance exams as stated above.
After completing master’s abroad students can expect to be placed with top tier companies and their starting salary can be somewhere around Rs. 50 lakhs per annum. Students can get placed for job profiles like product manager, brand manager, marketing research analyst, financial analyst, data processing manager, business analyst, etc.
Foreign University admissions require students to appear for GRE and GMAT. The exam gives the candidate a choice to pick the exam date as per his/ her convenience.
Fees and Cost of Study
This is a question that students have to keep in mind while finalizing their university for foreign education. An MBA abroad can cost anywhere between Rs 20 lakh- Rs 70 lakh on average and adding to this living expenses will be certainly higher. Students can get assistance from education loans.
MBA course curriculum abroad provides more practical knowledge by making students work on certain case studies and give reviews to business Companies.
Experience for pursuing MBA
Certain universities prefer students with a firm experience like US universities and top Canadian Universities prefer students who have 2-3 years of work experience. In Australia, the average work experience they prefer is 2 years.
Benefits of Studying A broad Personal
Growth and Inclusive Views
Studying abroad surely gives students a new regime and opens up abundant opportunities. They learn to see things from different perspectives, become independent and confident. Henceforth broadening your horizons.
Experience for pursuing MBA
Certain universities prefer students with firm experience like US universities and top Canadian Universities prefer students who have 2-3 years of work experience. In Australia the average work experience they prefer is 2 years.
Placements in foreign universities aren’t that easy as it is in India as the university doesn’t guarantee a job and students have to put in extra efforts and go and edge extra to reach out and network with people in order to land a pleasant job.
Average Salary after MBA
Certain pass-outs from ISB draw an average salary of Rs. 23 lakhs while the ones from the most prestigious and reputed universities like Harvard and Wharton can get an average salary of Rs 78 lakh.
To conclude studying abroad after BBA has been instrumental in the success of many Indian students. They could not only gain knowledge but also with work opportunities and real-world industry experience. The experience they gain by working in foreign countries has added tremendous value for future employers and helps students avoid the excessive competition that is seen across the Indian employment landscape.
By: Dr. Anu Bhardwaj
Programme Co-ordinator BBA,
JIMS Vasant Kunj