Technically, Return on Investment (ROI) of MBA studies is an assessment of the gains with respect to the money, time, and efforts spent on it. Let's view a bit more widely.

1. Monetary Returns: In simple terms, what has been the gain in salary? To calculate it, subtract the tuition fee of the course and the forgone salary of the course duration from the income post-MBA. Forbes Magazine's ranking of colleges, which is conducted once in two years, is based on 5-year gains after completing an MBA, and is a good yardstick to evaluate the programs on this criterion. Monetary benefits are the simplest way of weighing an MBA program, but it is not complete in itself. We cannot overlook the non-monetary advantages.

2. Non-monetary Returns: The parameters are:
"¢ Business Network: Pursuing an MBA from a good B-School is a default entry to its vast alumni network. Such relationships are vital in the business world to initiate and grow.
"¢ Business Grooming: An MBA program builds up and polishes your innovative thinking, business leadership qualities, risk taking, and decision-making abilities. Change management, a need for global businesses, is one of the most valuable take away from an MBA course.
"¢ Career Growth: Career progression or career change, a reputed MBA course grooms you for all flexibilities. You can significantly shape your professional graph as per your requirement.

Estimating the right ROI for your chosen MBA options is important. Take up professional guidance to select the right choices for you.