ISB is more expensive than a US Top 10 MBA - Point by Point

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This comparison has been made to assess the cash flow situation post ISB and a US Top 10 MBA. Many applicants pick ISB primarily because of the lower price tag. ISB is a great school if you are keen on creating an amazing career in the Indian markets. However, I do not feel ISB is cheaper than any most of the peer programs in the States. This article is just a point of view. Take it for whatever it is worth.

Why am I writing? I have a very strong feeling that 97% of the readers think that ISB is cheaper than any US Top 10 MBA program. Well, I am writing to offer the best comparison possible between ISB and a US Top 10-business school. I have also inserted appropriate URL's and loan EMI Calculators for both the countries(India and US).

Sometime ago, one of our applicants who was admitted to both ISB and TUCK picked decided to join ISB and he justified his decision by stating that "TUCK is WAY TOO EXPENSIVE" and "ISB is a cheap School". Very recently, someone gave up Duke Fuqua for ISB for exact same reasons. I have a strong feeling that you feel the same way too. In order to somehow help you with your decision-making, I decided to do a parallel comparison.

ISB is a great school and we have respected them for the brand they have created in the last decade. However, if you want to pick ISB, you should do so because it is a great school and not because it is a "CHEAP School". It is not a "CHEAP School". You have to look at your cash flow situation post MBA.

I spent 8 months with this applicant who turned down Duke Fuqua for ISB as he thought ISB was coming with a price tag of 40%. In order to offer my disagreement, I decided to offer the following comparison to you.

--

Total Cost of Education

DUKE Fuqua: 97 Lacs

DUKE Fuqua: Reference Link:
https://www.fuqua.duke.edu/financial-aid ... attendance

ISB: 27 Lacs

ISB Reference Link:
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses


Loan Repayment Terms

DUKE Fuqua: Max up to 20 years @ 8.25%

DUKE Fuqua: Reference Link:
https://www.fuqua.duke.edu/financial-aid ... dent-loan/

ISB: 10-15 Years - 11.5%

ISB Reference Link:
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses


Average Annual Salary

DUKE Fuqua: $ 112167 (Joining bonus is separate: $ 28000)
INR 69, 54, 354 + INR 17.36 Lacs Joining Bonus

DUKE Fuqua: Reference Link:
https://www.fuqua.duke.edu/documents/mba ... 012-13.pdf

ISB: INR 17, 41, 081
(No information on joining bonus was available. Not sure if the joining bonus/relocation is a part of this figure).

ISB Reference Link:
https://www.isb.edu/sites/default/files/ ... 202013.pdf

Average Monthly Salary

DUKE Fuqua: INR 5, 79, 529

ISB: INR 1, 45, 090

Average Monthly Salary after Taxes

Duke Fuqua: INR 4,05,670

ISB: INR 1, 01, 563

Average Monthly expenses

DUKE Fuqua: $ 2,000 - $3,500
INR 1, 24, 000 - INR 2, 10, 000

ISB: INR 60,000-INR 70,000 (Mumbai/Gurgaon)

Loan Repayment Instalments

Duke Fuqua: 10 Years - $1913 (INR 1,18,606)
20 Years - $ 1,329 (INR 84,568)

Duke Fuqua Reference Link:

https://www.culookup.com/IFrameCalculat ... ource=hide

https://www.coastal24.com/calculators/index.html



ISB: INR 37,193 (10 Year Repayment)
INR 30,688 (15 Year Repayment Max Term)

ISB Reference Link:
https://www.axisbank.com/Calculators/Edu ... e=Personal&

Monthly Savings

Duke Fuqua: INR 80,000 to INR 2, 00,000 (Surplus Available for Car Loans/Home Loans) (Considering the max. and min. range of loan repayment terms and your monthly expenses)

ISB: INR 4,000(Negative) to INR 10,000 (Not sufficient for Car Loans/Home loans)

--

When you pick an MBA program, it is advisable to evaluate your net incoming CASH for the first 5-7 years post MBA. After 5 years, things will look verydifferent.

I really hope you at some point of your life find yourself in this DILEMMA. Irrespective of what you pick, at least you will have gained an ADMIT ☺ .

PythaGURUS generates significantly higher conversion rates than its peer group due its great understanding of the MBA admissions process, and the personal attention to quality, and delivery.
Regards,

PythaGURUS Education

MBA Admissions Consulting

www.pythagurus.com

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by rohitbansal1507 » Sun Jan 15, 2017 11:43 pm
I'm going through a similar dilemna but you have made multiple assumptions.
The most abrupt being the fact that everyone who gets a job will get a H1B beyong the 1 Y period. Statistically only 50% people get the visa. Moreover, many jobs are open only to citizens and PRs.
If you don't get the job of your choice or if you don't the H1B lottery, imagine how'll a person feel? This though scares me like hell...

Any thoughts?

PythaGURUS wrote:This comparison has been made to assess the cash flow situation post ISB and a US Top 10 MBA. Many applicants pick ISB primarily because of the lower price tag. ISB is a great school if you are keen on creating an amazing career in the Indian markets. However, I do not feel ISB is cheaper than any most of the peer programs in the States. This article is just a point of view. Take it for whatever it is worth.

Why am I writing? I have a very strong feeling that 97% of the readers think that ISB is cheaper than any US Top 10 MBA program. Well, I am writing to offer the best comparison possible between ISB and a US Top 10-business school. I have also inserted appropriate URL's and loan EMI Calculators for both the countries(India and US).

Sometime ago, one of our applicants who was admitted to both ISB and TUCK picked decided to join ISB and he justified his decision by stating that "TUCK is WAY TOO EXPENSIVE" and "ISB is a cheap School". Very recently, someone gave up Duke Fuqua for ISB for exact same reasons. I have a strong feeling that you feel the same way too. In order to somehow help you with your decision-making, I decided to do a parallel comparison.

ISB is a great school and we have respected them for the brand they have created in the last decade. However, if you want to pick ISB, you should do so because it is a great school and not because it is a "CHEAP School". It is not a "CHEAP School". You have to look at your cash flow situation post MBA.

I spent 8 months with this applicant who turned down Duke Fuqua for ISB as he thought ISB was coming with a price tag of 40%. In order to offer my disagreement, I decided to offer the following comparison to you.

--

Total Cost of Education

DUKE Fuqua: 97 Lacs

DUKE Fuqua: Reference Link:
https://www.fuqua.duke.edu/financial-aid ... attendance

ISB: 27 Lacs

ISB Reference Link:
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses


Loan Repayment Terms

DUKE Fuqua: Max up to 20 years @ 8.25%

DUKE Fuqua: Reference Link:
https://www.fuqua.duke.edu/financial-aid ... dent-loan/

ISB: 10-15 Years - 11.5%

ISB Reference Link:
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses


Average Annual Salary

DUKE Fuqua: $ 112167 (Joining bonus is separate: $ 28000)
INR 69, 54, 354 + INR 17.36 Lacs Joining Bonus

DUKE Fuqua: Reference Link:
https://www.fuqua.duke.edu/documents/mba ... 012-13.pdf

ISB: INR 17, 41, 081
(No information on joining bonus was available. Not sure if the joining bonus/relocation is a part of this figure).

ISB Reference Link:
https://www.isb.edu/sites/default/files/ ... 202013.pdf

Average Monthly Salary

DUKE Fuqua: INR 5, 79, 529

ISB: INR 1, 45, 090

Average Monthly Salary after Taxes

Duke Fuqua: INR 4,05,670

ISB: INR 1, 01, 563

Average Monthly expenses

DUKE Fuqua: $ 2,000 - $3,500
INR 1, 24, 000 - INR 2, 10, 000

ISB: INR 60,000-INR 70,000 (Mumbai/Gurgaon)

Loan Repayment Instalments

Duke Fuqua: 10 Years - $1913 (INR 1,18,606)
20 Years - $ 1,329 (INR 84,568)

Duke Fuqua Reference Link:

https://www.culookup.com/IFrameCalculat ... ource=hide

https://www.coastal24.com/calculators/index.html



ISB: INR 37,193 (10 Year Repayment)
INR 30,688 (15 Year Repayment Max Term)

ISB Reference Link:
https://www.axisbank.com/Calculators/Edu ... e=Personal&

Monthly Savings

Duke Fuqua: INR 80,000 to INR 2, 00,000 (Surplus Available for Car Loans/Home Loans) (Considering the max. and min. range of loan repayment terms and your monthly expenses)

ISB: INR 4,000(Negative) to INR 10,000 (Not sufficient for Car Loans/Home loans)

--

When you pick an MBA program, it is advisable to evaluate your net incoming CASH for the first 5-7 years post MBA. After 5 years, things will look verydifferent.

I really hope you at some point of your life find yourself in this DILEMMA. Irrespective of what you pick, at least you will have gained an ADMIT ☺ .

PythaGURUS generates significantly higher conversion rates than its peer group due its great understanding of the MBA admissions process, and the personal attention to quality, and delivery.

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by rohitbansal1507 » Sun Jan 15, 2017 11:47 pm
What if a person doesn't get a H1B? All these calculations have so many assumptions.