The
global economic order has been shuffling cards faster than the speed of
light making job opportunities fluctuate in different countries.
Situations are changing with each new set of incoming government data.
So now, in such a situation how does an MBA having procured his degree
from abroad, deal with the slowdown that is gripping the developed
countries like the United States of America (USA) and even the United
Kingdom? There are a certain things that the student must study in order
to decide whether working there after the MBA makes sense. MBAupdates
has researched some basic factors that must be used as parameters to
decide your stance on working abroad after the MBA.
Economies and Finance
If
you have done your MBA from USA or are even planning to do so, make
sure to keep in mind that the US government is now promoting the
smallest of the jobs to the American citizens vis-a-vis the earlier
tendency of employing brilliant minded Indians. At the same time the
salaries are now slightly lower than earlier as the employers are not
only cutting costs but also taking advantage of the fact that the
unemployment rate which is compelling people to take up any job rather
than concentrate and bicker for salaries. UK has come out with a new
rule that does not allow a non-resident, non-native to work beyond 2
years after their post graduate degree. This demands the student to come
back to India to look for a job. Thus, rather
than wasting time, coming back to your home country makes more sense; it
is the opportunity cost that one must calculate.
Your Own Finance
Do
remember that if you want to settle in India, it is recommended to
pursue an MBA from India and if you really desire to settle abroad then a
MBA from the same land makes more sense.
Reality
Check: MBA in India will cost you around Rs 5-20 lakhs while abroad it
will cost you anything between 15-20 lakhs or even more depending upon
your institute and other aspects like the living costs. This makes it
difficult for an India to work abroad especially if they have an MBA
from India. Indian MBAs see more and faster growth in Indian than
abroad. If you have a loan to pay then always work in the country where
you have fetched your MBA from as this offers the best job deal.
However, amidst the slowdown you will need to check for the job offer
you get and the scope it has for growth. Running a basic cost-benefit
analysis will help you assess your situation.
These
are the two main factors one must study; the results will be subjective
in nature they are based on the person financial background, the loan
scene if any and their willingness to settle in the home country or
abroad. However, few years back the time was good where student did not
have to think about these factors but now when the job preferences in
countries are under flux, that calls for assessing your own situation
and position first is highly recommended by the MBAupdates.
