IIM

First, decide yourself what you want to do MBA or job, because if you are planning for a good college then I would rather suggest you to study for CAT exam with complete dedication of taking admission this year. CAT needs a lot of practice and study to get admission in good colleges. If you waste time in deciding these confusions you will not able to give CAT exam at good stage. So I would suggest start preparing for CAT entrance exam with complete dedication and Self-motivation. Then if you get a very good score go for TOP MBA colleges to complete your goal and if unfortunately you couldn't able to crack CAT exam then you can go for any suitable job for one year then you will have time and you can prepare will for next CAT exam.
While doing your final year you will have a flow of study for CAT and at least you will not waste a year for preparation of CAT.

IIMs are the best in the world. No B-schools abroad are nearer to the standards of Indian Institute of Management.
IIM-A, B, C are very famous. When we look into the teaching methodology the practices followed by these institutions are as follows:
1. Updating of course curriculum - The course curriculum or the knowledge imparted in IIMs is always new.
2. Live industry interaction- Industry oriented training helps students gain more practical knowledge.
3 Tie ups - Tie-ups with major companies is another important factor for the stability of IIMs.
4 Faculties-National and international faculties are taking classes in IIMs.
5. Industry experts- Experts from industry always interact with IIM students.
6. Live case study- Case study helps student know more about the real life problems faced by a company.
These are the differences between IIMs and international B-schools.

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.
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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.