IIM

Hello,
By the way of introduction, I am an alumnus of IIM, Indore. So, basically, the answer has follow up questions. What kind of life do you expect post an MBA? What kind of profile you want to get into? Whether or not you want to settle abroad? Do you plan to open your own venture?
To put my story here, my main intention to choose an MBA here than looking in abroad was:
1- I wanted to settle over here.
2- I wanted to explore more into analytics plus management world and India provides best mix for both if you want to do a job in a corporate world.
3- I do not intend to open my own venture.
All in all, it depends on the mix of what you want from an MBA. If your major motivation is money then definitely, MBA from abroad from good colleges is for you. Else if I just talk about India, IIMs are best suited for an MBA.
Get in touch for more details. Keep scrolling Shiksha.com for more details.

First of all, IIMs have a rigorous procedure for admitting students. This consists of a personal interview. In this interview they make sure that only the people who are genuinely interested in field are admitted. They look for leaders and doers and make sure they get in.
So most of students are really brilliant and have a spark in them. Then the curriculum of IIMs is also really rigorously. This prepares students to do anything, whether working at a top management position or starting their own company.
IIMs have a practical and industry based curriculum which helps students to get insights into the working of industry. Apart from it IIMs take special efforts to foster entrepreneurship. IIMs also have a great alumni network so if a student has some idea for startup he can work with some alumni or get some advice from him/her.

MBA from abroad is not as good as IIMs.The major reason for this is as follows.
1. High fees- people go abroad by spending lakhs and lakhs and end up with a lot of debts.
2.Banks loans-The chances of getting loans for doing MBA from foreign university is very high such a huge amount will not be provided by banks in our country.
3.The issue of stay back- Majority of the countries give stay back for students after the course for just 1 or 2 years. In those 1 or 2 years, the amount spent for education is not able to get back.
4.Quality of IIMs- IIMs are world recognized. Lot of foreign international relationship exists with IIMs all over India.
5.Job- Job opportunity after passing out from IIMS are always higher than the other.
6.less fees of IIMS as compared to foreign university.
All these factors indicate that IIMs are better than foreign universities.

Mostly, the global rankings on most of the websites cannot be trusted as such.
The one which I will use is the Financial Times Global MBA rankings which seem to be a reliable source.
The good news is that the top three IIMs managed to secure positions in Top 100.
You will be surprised to know that the top among Indian Universities is not and IIM but is the Indian School of Business (ISB).
According to the 2017 rankings ISB ranks 27th while IIM Ahmedabad ranks 29th. But for 2016 IIM A was at 24th position while ISB was at 29th.
IIM Bangalore ranks at 49th position I.e. way below ISB and IIM A.
Then IIM Calcutta just manages to make a cut at 95th position.
Actually speaking, the ranking system takes in account many factors which work against Indian universities. For example research is given a lot of importance in the rankings but as we know our colleges don't pay much heed to research part. There is some good research going on but it is very limited.
But, if you want to work in India after MBA, IIMs are a really good choice and as a matter of fact offer better ROI as compared to foreign universities.
All the best.

It highly depends on your goals and your financial status.
If you are getting top three IIMs then don't think twice. Just go for it. Even if the fees are high the returns are also really good.
Only two three IIMs after IIM Ahmedabad, Bangalore and Calcutta are worth the fees they charge.
IIM Indore and Kozhikode are also pretty good. The newer IIMs aren't comparable to the top ones.
You can also consider ISB (Indian School of Business). It is also comparable to top three IIMs.
If you aren't getting top three IIMs and ISB then go for good private universities.
The top ones are -
XLRI Xavier School of Management, Jamshedpur
Management Development Institute, Gurgaon
SP Jain Institute of Management and Research, Mumbai
TA Pai Management Institute, Manipal
Institute of Management Technology, Ghaziabad
You can also consider top IITs ( which offer MBA).
The priority should be top three IIMs, ISB, IITs then IIM Indore/Kozhikode or top private universities like XLRI or MDI.
The decision between IIM Indore/Kozhikode and private universities should be taken considering factors like location, fees and the cutoffs as such.
You can refer the list of top MBA colleges in India here
https://www.shiksha.com/mba/ranking/top-mba-colleges-in-india/2-2-0-0-0
All the best!