Crazy for MBA in India?

MBA from India or Abroad?

Mba from IndiaThat helpless feeling, when there is so much confusion all around, and the mind keeps oscillating from one option to the other. Which MBA aspirant wouldn’t have gone through this unsettling dilemma of whether to do an MBA from India or abroad?

Being one of the most bankable investments in the global market today, the demand for management studies has been ever increasing. However, in the process of deciding the right college for you, be clear about the reasons you want to do an MBA for and your post-MBA plans. For instance, whether you want to become an entrepreneur or are you aiming for a job outside India, or whether you are merely interested in an MBA degree. Your personal goals would be the dominant factor in making the right choice for you.

So here, we intend to bring a helpful comparison of these factors related to pursuing MBA from India or abroad to ease your difficulties.

Cost
The expenses incurred in doing an MBA abroad is enough to burn a hole in your pocket. Of course, the living expenses and other expenditures are additional. While it is possible to manage getting a student loan for it, you need to be sure to get a job abroad to repay the hefty amount.

Besides, if you look forward to taking up a job in India, it is rather not preferred to take up that load, for the course of the foreign degree would cater more to the international economy and the global market which would be less applicable to India’s economic conditions.

Though, if you do have that kind of money or someone to foot your expenses, a foreign MBA would definitely prove to be more rewarding and promising. You can also earn scholarships or grants to fund your degree.

Facilities
Here is where the foreign MBA schools have gained their grounds. The minimum work experience required to pursue an MBA abroad is 2 years. This would provide you with a diverse and experienced classroom and can help you build a stronger global alumni network. Plus you also get exposed to different cultures and perspectives.

While studying in an IIM in India can provide you with world class facilities, most of the average MBA schools in India lack good infrastructure and provide limited exposure. Also, the knowledge base in India remains largely theoretical.

However if you plan to work in India, the business knowledge provided in Indian MBA schools would be more beneficial in the practical run.

Job Prospects
The prime foreign MBA destinations are USA, UK, Canada, Australia, and New Zealand. While it is relatively easier to get employment in the US and Canada, the same in the UK and Australia is a bit challenging. Nevertheless, the pay package would be considerably higher if you do a foreign MBA due to the currency difference, yet, the jobs wouldn’t be offered on a platter to you. Your market value does increase, but you still have to go through tough competition as the employers there are more demanding.

Also, you need to consider your personal goals for this. For instance, if you want to open up a business, it is easier doing so in India than abroad. But if you plan to get a job abroad and can prove your worth, career growth with a foreign degree is undoubtedly more assuring.

Summing up the whole thing, the right choice depends totally on your priorities and vision. Be sure about this before coming to a conclusion. After all, it is only once you do your MBA!

Click here to check out the best MBA colleges in India and abroad.

A career in Law

Law has been one of the most popular career choices for a long time. The best thing about law is that anybody who has the passion for it can study law. Earlier students could only specialize in either criminal or civil laws. But now students can choose to specialize in many more options offered like a legal journalist, legal analyst, judge, government lawyer to name a few.

A degree in law opens new opportunities and allows you to practice either as a lawyer in the courts and even several administrative services, legal services etc. You not only learn a new language when you study law abroad but your knowledge and understanding of more than one legal system will boost your chances at an international job market.

Students can opt for a 5 year law course after completing their 12th class or they can choose for a 3 year law course after graduation in any discipline. The 5 year course is a better option for students who want to take law as a profession. In India LLB course is also regulated by the Bar Council of India who is responsible to set the rules and regulations involving law practices. Indian Constitution is termed as a lawyer’s paradise.

You can choose to study from the best law schools like National Law University– Jodhpur, Faculty of Law- University of Delhi, National Law School of India University– Bangalore amongst a few. If you want to focus on human rights law or international criminal law it is a good option to study law abroad. Countries like USA, Australia, Germany, Spain, Canada and United Kingdom also offers some of the best law programs for students.

Harvard University in USA will always remain one of the best universities for law in the world. They offer full time Masters Programs in Law concentrating on Corporate Law and Governance, Taxation, Human rights and International Finance. Instituto Superior de Derecho y Economia, Spain is regarded to be one of the best law schools in Spain. It offers LL.M. programs in International Sports Law, International Law etc and also a Masters in international Legal Practice. In the United Kingdom, the best universities and colleges offering law courses are Oxford University, Cambridge University amongst a few.

First you need to decide the country and then you need to choose the law school you want to pursue your degree from. When you specialize in a particular field of study it boost your career prospects and ensures that you are in demand once you complete your degree. In India, graduates in law can also expect better job opportunities in India with the increase in foreign law firms. You can also choose to work with a senior lawyer for experience in different specializations including telecom law, corporate or labor.

Students who complete their law graduation abroad receive attractive job offers in India after completing their course. Plethora of options awaits a law graduate; especially in India students can clear the exams conducted by Public Service Commission and can become a judge. They can also hope to become a Public Prosecutor and serve in different government ministries and departments.  Practical training in court enhances your job prospects and opens options to work as a legal advisor in many organizations. A career in law requires patience, hard work and a lot of dedication.