The higher salaries from the top schools will pay for the difference in fees in less than a year; go to the best school you can.

GISMA is being reorganised, so it may not have an intake next year.

Why Germany? Your comment about Reutlingen makes me thing that your German isn't great.

Thanks for your reply...

Why Germany?
Some of my friends had VISA woes while doing a MBA from colleges in USA, so I am not applying to USA. cost is another factor.
Germany has strong economy(at least as of now ) and I would like to work there for 3-5 years before returning back to my country. It seems Germany offers good job opportunity ( I understand importance of German Lang here) and simple,easy and fair visa rules as well.

and yes, you are right, I have zero knowledge in German lang as of now. I will be applying for programs starting in Sept 2014 which gives me more than a year to learn German Lang till B1/B2 level.
Could you please let me know how is Pforzheim for Technology people who wish to stay in similar industry?
Also Could you please let me know what is the avg salary post MBA for person having 6 ys of exp in Technology Industry from (1). MBS/HHL/WHU & (2). Pforzheim /essligen or similar colleges. (I know this is very difficult question to answer but If possible please do let me know approximate values)

Thanks

Pforzheim is pretty good for functional managers in technology roles. I guess salaries there will be around 45k or so... around what what you'd get from the top schools, so not really MBA roles but competing with MSc graduates with similar experience. Language skills will be key.