15 Lacs on an MBA-Is it justified

Q)
I am unable to justify the ROI on the enormous spending during one's tenure at ISB.
If I go by the average salary for a 4 year w/x ( as my case is ), typically It would be < 10 L. In this case,One would land in financial difficulties - 15 L is a big amount unless one gets a foreign placement.

A response:
I am from the class of 2004. I just read your mail, and thought back to the time I was deciding on an MBA from ISB. Some thoughts:

- I agree with you on the magnitude of the amount,...15L is a big deal, especially when you don't know how and when you will pay it off / recover it.

- Regarding salaries, it all depends on what industry/function are you looking at. For our batch, in domestic placements, BPOs tended to pay higher than other industries.

- The other way of looking at this is that this investment is for a long-term. An MBA from a reputed institute gives you a big jump in how the industry values you, and the kind of roles you get.

- An MBA from ISB is only a one year program, so it's better in terms of a time value of money consideration. You don't take too long a break from work, and you have a chance to change functions/industry, and become part of a growing network of some amazing individuals/professionals.

- There is a risk factor involved, like there is in any MBA, as there are no guarantees regarding placements.

In the end, there are both pros and cons, so you pit one against the other and see what works best for you