MBA, is the three letter acronym that spells money as well as status. MBA is the key to success in life.

The demand for MBAs shot up after the economic liberalization in 1991 when private sector was liberated. That was when the companies were willing to pay big bucks to these new MBA kids who could put their businesses on track. An MBA was thus, a sought-after career.

But, nearly after two more decades, MBA has started to lose its sheen and prestige. According to the All India Council for Technical Education, more than half of MBA graduates could not get hired in campus placements in 2016-2017. Less than 47% of MBAs got placed in good companies. Well, the rest, just had to begin their careers again with fairly decent jobs. However, these do not include the graduates from IIMs.

The challenge being, there is over 5000 management institutes across India which is producing MBAs at a faster pace as compared to the job creation. Besides, this adds more to the job crisis. But, an outdated curriculum is the real reason behind this is what I strongly feel. Therefore, it is very important to make sure that you are doing everything it takes to get into a top MBA college or a University to beat the odds.

An international MBA is the most sought after degree. Unlike the Indian institutes offering an outdated curriculum, foreign MBA institutions excel in meeting industry standards, demand and requirements. Also, more than 70% of students are attracted by the University rankings and reputation globally and 68% find prospective career opportunities abroad after their graduation courses. There are some numerous advantages of doing an MBA abroad.

Career Development-
You are sure to acquire a senior management role at a globally renowned company or become a successful entrepreneur if you are an MBA from a top international B-school. An MBA from abroad is thus, definitely the best approach to the trail.

Skill and Knowledge Acquisition-
Studying an MBA abroad enables you to push yourself out of your comfort zone, and enables you to deal with the latest business issues. It drives you to apply advanced business management techniques that you have learned during the course. If you feel up to the challenge to acquire more leadership skills, then MBA abroad is the most sought-after degree.

Developing a Holistic Perspective-
You are exposed to a great network of professionals and companies if you do an MBA from a well-acclaimed institute. You can constantly challenge yourself with the business management principles. It gives you a deep understanding to the dynamic environment and how you as a senior management employee/employer can sustain.

Enhanced Networking Opportunities-
A foreign MBA student enjoys great networking opportunities. Such a student can network with fellow students with varied professional & personal experiences and backgrounds, professors and teaching staff, university alumni, potential employers who have extensive experience in their field.

Higher Earning Potential/Attractive Compensation-
This is one of the most important reasons for pursuing an MBA from a B-school abroad. Needless to say, the average salary earned by an MBA graduate of a well-acclaimed foreign b-school is significantly higher than that of an MBA graduate of an Indian b-school.

According to the QS World University Rankings in 2018, top 10 Universities for MBA are-

1. Harvard Business School (US)

Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts.
The school offers a large full-time MBA program, doctoral programs, HBX and many executive education

2. INSEAD (France)

With three fully-integrated campuses in Europe, Asia and the Middle East, and over 90 different
nationalities in the classroom,no other business school offers such a multicultural experience.
The accelerated 10-month curriculum develops successful, thoughtful leaders and entrepreneurs
who create value for their organizations and their communities.

3. HEC Paris (France)

HEC Paris is an international business school established in 1881 and located in Jouy-en-Josas,
France. Specialized in education and research in management, HEC Paris offers a complete
and unique range of educational programs for the leaders of tomorrow.

4. Stanford University (US)

Stanford University is a prestigious private research university in California, currently overtaking its
Ivy League rivals in the selectivity stakes. Its Graduate School of Business (GSB), founded in 1925,
is the US’s toughest to get into, with only a 7.1% acceptance rate.

5. London Business School (UK)

Are you ready to take on the global business world? Whether you are looking to gain a competitive
advantage in your chosen field or are looking for a new direction, London Business School's full-time
MBA in the UK is designed to take your career to the next level.

6. Wharton University of Pennsylvania (US)

When you pursue a Wharton MBA, you'll transform yourself. Your Wharton MBA is about more than
what you become; it's what you can do as part of a dynamic community, at Wharton and in the world at
large. At Wharton, you will experience a new vision for MBA education. You'll have access to a rigorous
knowledge base and flexible options to pursue your individual goals.

7. MIT Sloan (US)

The MIT Sloan MBA is a two-year, full-time program that combines classroom discussions led by
exceptional faculty with collaborative, on-the-ground experiences hosted by organizations around the
world. This broad portfolio of learning opportunities puts you in an enviable position to experience
exponential growth — academically, personally, and professionally. An MIT Sloan MBA propels you toward
your career aspirations.

8. Columbia Business School (US))

The Columbia Business School (CBS) MBA program curriculum prepares students to lead, build, and
manage companies while instilling an awareness of the societal effects of business decisions. Students
benefit from the transformative research and extensive, behind-the-scenes industry knowledge from the
faculty leading the course.

9. SAID, Oxford (UK)

The one-year MBA programme at Oxford comprises an intensive series of stimulating lectures, energetic
seminars, intensive small group work, and team project work, which can take students anywhere in the
world. A key aim of the programme is to develop your ability to think logically, laterally and independently.

10.IE Business School (Spain)

IE Business School's top-ranked full-time International MBA is designed for professionals looking to
consolidate their management experience. Students come from many different backgrounds, creating a
truly international experience, and allowing you to build a truly global network of contacts.

Paras Education Services understands the importance of a world class education and therefore, will be with you throughout your journey. From finalizing your institute and admissions to getting a student loan, we are there for you. We assist you with your education finance so that you can do your MBAs from one of the top schools.

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