Why spend 5-times more on a US MBA? - Rajan Singh (Wharton MBA, IITK, ex-IPS)
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- Äas pĆidĂĄn 28. 07. 2024
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Students are often confused about what colleges to choose from the array of choices that they have. In this video, I compare MBA from Top US B-Schools and MBA from the IIMâs, on 6 different criteria.
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00:00 Introduction
01:21 #1 Student Body
03:57 #2 Faculty
05:49 #3 Network
08:06 #4 Brand
09:06 #5 Jobs & Salaries
12:05 #6 Curriculum
14:50 Personal Opinion
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Thanks Sir.
As i was planning to study abroad (MBA) you bought us this video đ
Sirhow could satya nadella succeed with a part time MBA
Harvard or Stanford MBA makes 200,000 USD per annum.
IIMA grad makes 25lac (35,000 USD) per annum.
That's a huge difference, more than 5x.
@@blackflag6976 not really - 200,000 *17 - 34 lacs.
17 is purchasing power ratio.
As the cost of living is different in different countries. The value of money also differ in different economies.
@@plendafuture7451 No one is going to spend the whole income at purchasing power rate.
As a single person you spend about 2000 per month in the US (1000-1500 per month rent. Which brings the savings to 10000 per month (7.5 lac INR per month).
You can hardly save 1 or 1.5 lac a month in India.
Just do the math for net worth after 20 years.
Hopefully students in India can read between the lines of what is conveyed here diplomatically, especially w.r.t. point #2 Faculty... For obvious reasons the quality of faculty in the "premier institutes" in India cannot be critiqued openly... MBA aspirants would do well to keep in mind that the difference in the quality of Faculty between India vs top US B-Schools is HUGE !!
Thank you, sir. You've covered all the bases. Much appreciated!
One important fact missed is the difficulty in getting work visas in US. The H1b is still a lucky draw.
@ScienceVideosFan they added MBA to Stem recently
@ScienceVideosFan oh thatâs great
@@sriramvemaraju which universities made their MBA Stem ??
Can you please help
Do i have to simply opt for MBA with finance or do i have to taake any other subject like business analytics
Very well argued all facets of this question, thanks!
you read my mind, i had this exact question today morning.
Sir,it's a humble request to pool in your network & make a comprehensive playlist on how a student from an average profile work his/her way up & make it to one of the prestigious institutions as Wharton for MBA.
Statistically, you are at a disadvantage. But why just Wharton? There are many B-schools that are excellent and cheaper than Wharton. They are prolly low ranking, but then you have higher chances of getting into mid-ranking schools.
Get a 760+ in gmat.
Sir,you are a hidden gem on CZcams đ
Awesome info...what I resonated was with US universities with latest case studies while In India we have old stuff....I find this more in Govt services where we follow prehistoric out dated procedures with no 1 to bell the cat
It would be more helpful for MBA aspirants from India if the comparison could be extended to top programs in India vs. UK vs. Europe vs. Australia vs. Singapore & Hongkong vs. USA
Wharton thing is totlly true. When their online lectures are so great, their actual course must be the best in the world
Brilliant comparison.... Your videos are truly inspiring
I think Mr. Rajan you forgot to include th MBA's or Education done from places other than the US. Places like Europe, Asia & UK have almost equal if not greater PG college's compared to US. Europe also finances your education & sometimes it's way cheaper than what you would pay in the US. The living costs also come way down. So would be happy if you would do a video about top colleges in Europe & Asia.
You cracked all tough exams which I know .. massive respect to you sir
Itâs a fact that from lower primary schools to MBA institutions like IRMA, we have only a few teachers that know teaching. The rest are only bread earners.
Yes same here
Cough reservations cough
This was extremely useful. Thank you!
This is one of your best video!!!
Certainly among the best video i have ever seen regarding mba, you have cleared all my doubts here ,the way ypu explained was absolutely amazing!!
Needed this video
Thanks a lot
This is the most awaited video.
Such an enriching talk I felt just reading a book for half an hour thank u sir for sharing ur wonderful experience đđ
Thanks for this video
Clear - practical - suggestions
*their was a time,, pre 2004,when reservation was not there in research intuition, govt professor post, drdo. Icar and all these, once Congress govt aloowed reservation in education institutes, quality of faculty has decreased drastically, and in schools (govt) it has reduced very drastically. Other than that govt focus only on opening new colleges ans schools without thinking about funding requirements.. Of these institution*
Looking for people who'll get offended by this comment đ„Žđ„Žđ„Ž
Was there bjp govt at that time pre 2004
@@Ashish-ss5nt what you want to say?? Say it directly.. Dont beat around the bush
@@naveenchaudhary4072 you said pre 2004 whose govt was there I was asking, you said after 2004 govt congress govt came and changed its policy and applied reservation in research or professor jobs
@@Ashish-ss5nt no. Policy was not changed... It was applied for the very first time, reservation in education institutes and research institute for students as well as jobs.. Was introduced for the first time in 2004 only.... I know a lot of icar top scientists who although are from reserved category.. But they got into this field on pure merit basis.. They themselves said that quality of research has degraded
Hey Rajan,
Thanks a lot for sharing your experiences.
As you have discussed about the salaries post MBA in the top US B-Schools and the Schools also post their average or mean salaries in their brochures in about the same range, however, there's one ambiguity here which none of the the B-Schools clarify. The salary which is posted by the schools, is this before or after tax deduction. It's very crucial to know, since taxes in the US are usually higher.
This clarification would be very helpful.
Thanks!
All the figures quotes across brochures whether it's India or US are Pre Tax figures
I think you miss one important point, the scholarship. Top US MBA programs are giving numerous of scholarships. They have a big pocket and are willing to spend.
Can you give some insight on online education app(edx, courses) of Top school
Thank you for your support sir
Sir can you kindly make a video on complete procedure of how one can get into these reputed business schools. đ
Let us know how you managed to get in Wharton , your complete journey . I am very interested to know .đ
But sir US schools also provide scholarships and bursaries right. Wouldn't that level the playing field.
That is true tho, American MBA schools prepare you to face real-life issues and scenarios but in India, it's not the case.
plz give the comparison in ppp terms.. net salary in USA
Sir please compare IIMS and UK MBA schools
If same video was posted by an IIM guy, I would have left the video in 5 minutes !!
Whats your view on executive mba in the us if you want to work in the US
I personally feel a good engineer contributes more tangibly than a MBA. Most of the tech startups doesn't ever think about having a MBA.
MBAs are industrial age and quickly becoming outdated unless you get it from some toptier college
U personally will face the reality too, after working under MBAs younger than you !!!
Because roles like product manager in tech companies doesn't always requires mba, it pays good also,
Actually sir , in terms of purchasing power i will say iims pays higher as 200k $ will have same purchasing power as 30lakhs in india (Btw USAs taxes are insane)
đ
Really?
Average is ~20 lakh. 30 lakh is those who get into MBB etc. Only IB/PE salaries are at par with international salaries.
@@sagarranjan4585 Please look at the latest placement reports of IIM ABC, SP Jain, ISB etc this year the average has crossed 30LPA mark in all of the top B schools
@@sanket1144 I hope you went to one of these colleges because I did and the placement reports are way to inflated. Same for IIT
Make one video on what it takes to get into wharton like colllege
Sir i needed your guidance regarding my career, kindly help me out...
a lot of my friends completed their MBAs from India but were not allowed to sit in the placements because they didn't score a 60% and above in their graduation or in 12th std
RIP to them
india is reserved country getting into a good college at this time is very hard i have many friends who even after scoring above 99 percentile didn't got a call from iim
Sir can you provide me your DOB ,time & place
For astrological research purpose đđŠ
Nice clip
IIT's lack research funds and good prof's who are willing to teach other than that they're superb Similar with IIM
IITs may lack anything but funds. Government pumps a lot of money but won't monitor the usage of these funds.
@@suchender801 i'm talking about research funds
They get the most amount of funding, it's about how they spend it most of it is spent on useless things due to bureaucrats
This is more or less true for a Master's degree in any field.
US schools rank better on most fronts.
Mr rajan your name should be next to the phrase " a rolling stone gathers no mass " .
I see that most of the MBA students from U.S.A business schools had an engineering degree in the undergraduate.
Can a student has the possibility from having a business background in the undergraduate into the top U.S business schools?
In U.S.A., the best business schools have less than 0.5% engineers in a class. Engineers typically are considered as bad management professionals. I am an engineer too guys, so no offense. Unless you have special management ability, they avoid engineers.
Then again that is not the case in all the coasts in U.S.A. U.S. west coast is more technical and therefore Stanford, UC Berkeley, UCLA, etc would have a class with bigger % of engineers than the other coasts and they typically follow Indian IIM kind of pattern like having candidates with much less work experience.
If I were you, I would skip West coast of U.S.A. from my application process. Then again have at least 5 yrs work experience. Please relocate to Western world or middle east and get few years experience in the country before going for an MBA in U.S.A. Never go from India straight to a business school in U.S.A. You will regret your entire life having done that. Essentially what I am saying is there is no shortcut to success.
@@bobbypanda6685 Thank you so much for the advice you have given me.
@@bobbypanda6685 I also have an engineering background and have been working as a Financial Research Analyst for a firm from past 2.5 years in India. I wanted to work as a Fund/Portfolio Manager in the long term in the West (US/Europe) and given that I don't have any Finance background, I was thinking of either pursuing MBA Finance from either US or Europe or directly apply for jobs in these regions. What would you suggest?
@@cx5442 If I were you, I would not go for an MBA.
I would rather go for Masters in Finance.
Due to visa issues, specific to country, you may even try the route of getting into a Consulting company (PwC, E&Y, Deloitte, KPMG, etc) in India, which may place you to U.S/U.K in an assignment, on pre-joining negotiated terms. Then you will have the option of doing a part time program or weekend program, keeping your day's job. The company may even sponsor your Degree 100%. And if you do not like to stay in the western world after your visa term ends, you may move back to India with the same company.
Best Wishes!
its better to try 10 business than giving such huge fees . As probability of success globally is 10%
@@kbshrivastav8539 Abe business Karna hai to job ke bare me Kyu soche đ
@@whatilearnt358 good jobs are good and they make u learn of an industry
@@kbshrivastav8539 you learn with business too and you create jobs for many indians which is the top need of our country
This is just drama, playing 100 international matches won't be able to make you a sportsperson.
It's the training institute which will prepare you for those international matches
So refrain from these stupid quotes.
@Gandu Muhammad
Same ways you shouldn't just enter the business
Without understanding it's various models.
Sir if a graduate working for an MNC in India with a package of 25 lakhs then how much can salary in USD can I expect if I move to US after 2 years of experience.
Much easier to move to Japan, UK, Hong Kong, or some other European country without having to get a higher degree. USA is overrated. You will be giving up much more, to gain much less.
100-150K dollars
You didn't include competition factor to get admitted to these schools
Tq
Sir, why aren't you active in quara these days? You're missed!
Quara is dead now. It became another FB.
I personally think that US is overrated. Europe and UK have excellent B-schools that will cost less than USA and the living cost is often subsidised.
Sir aapko upsc ki institute open karna chahiye
Kyuki is field me aapki expertise hai
Aur aap bahut accha kar sakte hain students k liye nd offcourse apne liye bhi
Aap ek brand ban sakte hain education field me
Try sir
you are smart person overall
Rajan I love that accent.
A lot of I guess and I suppose and I'm not sure. Might have been better if this was more well researched.
It's not about Education Quality. It's about social detachment among Indians. An IIT Engineer leaves the country- this itself indicates that he/she perceives Indian system not worth giving a shot. When I read political news, I am sure this isn't going to stop. Political leaders have no interest for the people in general.
Even if you graduate from top 50 bschools in US you are much better of study masters in US . Provided you stay atleast 2 years there . Indian MBA even top ones do not provide exposure and earning potential ans ROI.
That is why education should be free......EVERYBODY RICH OR POOR SHOULD HAVE THE OPPORTUNITY TO LEARN IN BOTH INDIA AND ABROAD.....GOVERNMENTS OF BOTH COUNTRIES MAY THINK ABOUT IT.....
That will not be beneficial for vote bank. You know what I meant.
Yes everybody gets PhD then PhD loses value and who will do the labour jobs
Learning is available free in youtube yes but class experience cannot be taken
Sir I am 38 and planning to do mba from USA, is it the right age to do or am I too late for it ?
Too late. No one goes for MBA with 15 years of work experience.
Can can
Not too late I guess.
You can still do Executive MBA which takes one year to complete
??????? ?
In today's scenario IITK faculty is quite good as my friend told me.
Kaunse dept ka friend hai bhaiđ„Č?
Simple words do graduation from India as it is cheap, for higher studies go foreign
Hello Sir, I have a question about MBA. I am an Engg with about 20Yr experience and in technical domain. Was wondering if I should do MBA, if so.. how does MBA help one ? ..what is it that we gain ?
Example, without studying in Engg school, one may not learn on concept of Solid state device, RF and designing an electronic device be it a modem ..or some mechanical device, or building a building. Something we learn in 4 years, that may not be possible to learn on the job with no Engg degree.
What is that we get in MBA school ? ..can you please elaborate.
At a high level,
Starting/Running businesses profitably.
Building efficient systems within organizations.
Sir make in video in hindi.
All people who's names Rajan are big brainy people
Great content and subscribed! Would love hear what you think of our grad school channel. Thank you.
Harsha bhogle syle talking
Rajan Singh, heard of Germany? Please check the fees charged by the public unis there who provide MBA or MBA equivalent programs and the kind of opportunities students get after finishing education. You are only revolving around the colleges which people of our fathers' generation would discuss. Either IIM or Harvard. This is 2022 and there are many more options. Come on
He's stressing on rich heritage of the US univs + brand they have built. Studying from the best is always cherry on the cake. You are right, there are many options but choose carefully.
I think indian salaries have gone up. I know a couple of my friends get 1-2 crores in India itself.
That's only the top 1% of topmost B schools
@@sanket1144 yea may be
An MBA is a waste of money. Learn what you need to master on the net. Lots of free courses, seminars. Just search. The way forward is get precisely what you need rather than general stuff. Unless you are from those cultures that still values degrees and titles regardless, and just to Bragg, and gloat.
MBA is, a, waste.
I hope it depends on where you study!
I am currently doing MBA in a non reputed institution. Yes I agree it's a waste of time and money if you are pursuing degree the way I do. Regrets and regrets only left. đđđ„đą
Spending money on learning MBA could be considered a waste of money..But the certificate that you get at the end of it is the most valuable possession you can have that can get you the job at a top MNC...Even people who do family business or so, do an MBA at a Ivey league institution just for the sake of it , so that it increases their value..Also the number of contacts/connections that you get might help you build a new network/team that can help boost your career.. But all this said and done, you need luck factor that would help you achieve your goals.. without luck , it is just a certificate that can lie along with your old newspapers :)
@@karthikkrishnamoorthy670 agreed
@@vinithraguraman which college if u dont mind?
@@ashishgupta-eg8pp in a rural area located in Tamilnadu state. It's an autonomous college locally called poondi college.
Those who pay and come to study in USA are scions of very rich parents. Most of them have inherited properties worth several crores in prime locations in big cities and the value of such properties in India's growth has multiplied to several crores. So, they just spend a few crores for their children's education in USA.
That's a gross generalisation.
@@kaushikvyas7582 My statement is largely true for those coming from India for MBA or Bachelor's degrees in USA universities. Not so for those coming to do Masters in STEM areas and they are largely from middle class, and many are coming these days with educational debts and a good number of students struggle to find their first job and settle down.
@@ramask31 I understand your statement very clearly, many MBA schools also offer subsidies for students who cannot afford to pay the entirety of the fee. Also being rich isnât a criteria to get an admit. Youâve got to meet all the stringent requirements and have a stellar profile throughout your educational and work life.
@@kaushikvyas7582 I am not saying that the students from wealthy families in India are academically less qualified though there are few exceptions like Rahul Gandhi. All I am saying is that their parents have ample wealth to pay for their MBAs or BS degree education in USA and there are many cases where the parents fly to USA to settle them down.
@@kaushikvyas7582 I donât think private US MBA programs offer scholarships to overseas students. Scholarships arenât available for professional courses. They may support their citizen black Hispanic or native Americans. Most people in the USA from middle class take loans to attend these programs. The rich and industrial houses obviously have legacy entry into these programs and need not fulfill stringent entry requirements. It is true that Indians who attend these schools paying $90k per annum have substantial wealth from agricultural lands real estate etc. even upper Middle class cannot afford to send their kids there merely as a tax paying employee of public or private sector. Civil service employees also canât afford it unless they have amassed unaccounted wealth.
My salary 5 lpa
Good đ Work hard for your future growths âș
đ€Łđ€Łđ€Łđ€Łđ€Ł
Me spemding 5 times less
What is the use of your MBA, to become as a CZcamsr. People who doesnât have education are depending on CZcams to earn money. What I say is that US MBA is useless in your case.
Lol đđ€Łđđč
Bro he was a McKinsey consultant and Vice president of an Indian equity fund đ
Money is not the sole motivation for him
The comment does not apply to IIMA . Quality of faculty is on par with the best . Not fair to interpolate the IIT K benchmark against IIM A. I went into IIMA from IIT M ...and did not find any quality inconsistency at IIM A.
India was center of learning since ages. Macaulay system of education ruined India. India's medical engineering was known worldwide. Sarvapalli radhakrishnan was nominated for noble 27 times. Sushruta charak but sadly British education model ruined India's thinking.
Well...given a chance, would u now send ur children , brothers and sisters to English school or send them to vedic or ancient variety school?..every culture in world at one time or other was better than others...Indian subcontinent, Islamic culture, European, now its American...saying old is fantastic is good for nostalgia & gossip..but nothing would change our lives for better
h1-b dude
No offense but sir looks likes Sundar pichai
đđđđ
Hindi mai video bano sir
The points u have told is totally baseless. I don't agree with u completely. U won't get 50% of salary what u have mention in video. 200k dollars in u.s is rubbish and in India firstly u won't get good job easily and if ur lucky enough then u get a package of 12lakhs package max. Plz see the reality and make a video.
He worked at McKinsey , so I think he makes a valid point.
i am a us recruiter and 200k is a good salary for a college fresher