Several myths related to foreign education prevail, impacting students' decisions on a range of issues including choice of institution and course and sometimes, stopping them from trying at all. Based on conversations with students and experts, Careers360 compiled the following list of the most common misconceptions and has set the record straight on them.
1 Studying abroad is very expensive
There is no doubt that studying abroad is costlier than studying in India, but the cost depends on the location, university, course and its duration.
You can also offset the cost by applying for scholarships offered by governments or universities. You can also take up on-campus jobs, teaching assistance, research assistance. Harshitha G Suresh, a student of Masters in Management at University of Bath, Bath, England said, "Study abroad programmes are expensive in comparison to Indian universities. However, it depends on the course and the university. Education in India has increasingly become expensive as well. For example, B.Tech in reputed colleges or any tier-1 private institute is quite expensive at present. With scholarships offered by most universities, students receive 25-75% tuition waiver or sometimes full waiver. But the cost of going to a country like the UK or US is higher than shifting from one city to another in India."
In the case of medicine, undergraduate studies abroad are often cheaper than the cost of pursuing a medical degree at a private institution in India. Then, in countries where the tuition fee is waived, students have to pay only the living
expenses. A management course in a public university in these countries may actually cost less than a course in India where many Indian Institutes of Management (IIM) charge over Rs. 25 lakh for two years and many private institutions even more.
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100 Best Business Schools In The Country
For Careers360's 2025 B-school ranking, we ranked 100 public and private management institutions and rated over 500, dividing them into zones and city clusters
'We have a completion rate of 80-90%'
During an interaction, Mayank Kumar, co-founder and managing director of upGrad, spoke to Sheena Sachdeva about new courses in accounting and management, the profile of learners, trends in online MBA courses, and more. Edited excerpts from the conversation below
New roles and spaces
Online MBA has helped many working professionals climb up the office hierarchy or even pivot to an entirely new career. But there are challenges.
'Committed to industry-relevant learning'
International Management Institute (IMI), New Delhi, is India's first corporate-sponsored B-school. It offers three PG diplomas in management - the flagship PGDM with 300 seats, as well as human resource management and business and financial studies with 60 each. Himadri Das, director general, IMI, discussed the challenges posed by competition among private business schools, the importance of diversity, and IMI's NIRF rankings with Sanjay. Edited excerpts from the interview.
National Insurance Academy plans expansion to meet rising demand
The National Insurance Academy (NIA), now situated in Pune, was established jointly by the ministry of finance and all the major public sector undertakings (PSUs) in insurance. Originally a training institute for insurance industry professionals, it has been offering a postgraduate diploma in management (PGDM) since 2004 and has placed 100% of its students all through.
The era of MBA in sustainability
As companies are increasingly pushed to meet environmental compliances, management institutes are revamping their curricula with specialised MBA programmes in sustainability or launching new programmes
Despite good record, SRCC's PGDM faces degree hurdle
Delhi University's Shri Ram College of Commerce started its postgraduate diploma in Global Business Operations (GBO) 25 years ago. Principal Simrit Kaur spoke to Shradha Chettri on their effort to convert the diploma into a degree programme, changes required in the National Institutional Ranking Framework (NIRF) and more. Edited excerpts
Managing produce, from farm to plate
Agribusiness managers are in great demand, both on the 'input' side of agriculture - seeds, fertilizer, machinery businesses - as well as in the processing of the 'output'
Creating 'innovators with conscience'
The SP Jain Institute of Management and Research (SPJIMR), Mumbai, has been the top Indian institution in the Financial Times' (FT) Masters in Management rankings for two years in a row. Varun Nagaraj, dean of SPJIMR, spoke to Atul Krishna about what the institute does differently, its plans, the future of business education, and the FT and National Institutional Ranking Framework (NIRF) lists. Edited excerpts below
'Quality management education that is equitable': FMS Dean
The Faculty of Management Studies (FMS) at the University of Delhi (DU) is one of India's premier business schools offering MBA courses at a relatively low cost, compared to most leading business schools in India. Celebrating its 70th year, it is also one of the first university-based business schools. In an interview with Sanjay, head and dean of FMS A Venkat Raman spoke about the functioning of a business school under a central university, challenges, courses and future plans. He also spoke on the Common Admission Test (CAT) and its impact on diversity in student cohorts. Edited excerpts
