|
|
|
|
|
LATEST
NEWS |
18th
March 2010 / Times of India / Mumbai Edition
|
|
 Candidates opt for foreign MBA test, yet prefer Indian degree
Mumbai: Indian students have discovered a hot new destination for an MBA. It’s called India. An analysis of data obtained from the Graduate Management Aptitude Council (GMAC), the body that conducts GMAT, shows India is the No 2 destination amongst Indians taking the GMAT, beating the likes of UK and Canada.
When the data is viewed in absolute numbers, USA emerges numero uno. But when viewed in percentages, one finds a nearly 20% dip in the number of Indian GMAT takers opting for the US over the last five years. In the same period, the number of Indians sending their GMAT scores to institutes here saw a five-fold increase from 4,879 in 2005 to 22,044 in 2009. Meanwhile, the number of GMAT tests taken in India has tripled in five years from 13,463 in 2005 to 30,633 in 2006.
While Columbia and Harvard remain the preferred B-schools for Chinese citizens taking GMAT, when it comes to Indian GMAT-takers, the most coveted is the Indian School of Business (ISB) Hyderabad, which ranked No 12 in the Financial Time list of top 100 management institutions around the world. ISB’s partnerships with The Kellog School of Management and The Wharton School have generated a great deal of interest in the institution. “We have both residential faculty as well as faculty from across the world. We also have exchange programmes with well-known Bschools round the globe. Students are keen to study here because of the exposure we provide them,’’ said VK Menon, senior director, ISB.
Menon feels the cost of an MBA as well as the market scenario have made India an attractive destination for Indian management aspirants. “In order to do an MBA from a reputed foreign institution, students end up paying Rs 50 lakh. Often, their student visas do not permit them to work in the foreign country. So, after spending in dollars, they end up coming back to India and earning in rupees. This is often not viable. So many Indian students are now looking to do an MBA in India instead ,’’ said Menon.
|
|
|
