If you want to earn higher then you may go for Indian Institute of Management, Ahmedabad (IIM-A), which is surely to give you more bangs for your buck that any other top class foreign university does. As per a study conducted by The Economist magazine, Harvard and Stanford Universities are unable to land you with good jobs that IIM-A can deliver.
IIM-A’s two year management programme offers a return on investment (RoI) of 44% whereas Harvard has 15% and Stanford comes up to 14%. IIM-A has been placed in the world’s fourth best B-schools and is termed under the category of ‘Good Value MBAs’, leaving some other great universities of Ivy league like Stanford, Harvard, Kellogg and Wharton behind. The ranking is conducted on the basis of the cost that is charged for an MBA programme which includes the tuition fees and forgone salary.
RoI is calculated on the basis of the difference counted between pre and post MBA salary that is divided by the total cost of the programme. Thus the fees that one pays at IIM-A and the previous salary that one foregoes, the graduates’ gets a higher return from the immediate compensation package earned through placement.
Three universities ranked higher than IIM-A are HEC Paris 67%, Aston Britain 64% and University of Hong Kong with 60%.