An MBA degree from one of the leading Indian business schools is regarded as the gateway to a brilliant career in India. Students often look up to names like Indra Nooyi, chairman and CEO of Pepsico, and Arun Sarin, ex-CEO of Vodafone Group, two MBA achievers that have their roots in India. However, this obvious “golden ticket” as many people refer to the degree, does not mean just any MBA from any Indian business school. Due to the high student demand many unknown business schools have opened their doors. They have never sought any form of accreditation and they do often lack basic educational standards!
According to the All India Council for Technical Education (AICTE) out of the approximate 2,000 business schools that are operating in India, only 1,600 have some sort of accreditation. Choosing the right business school is the pathway to success in India as elsewhere!
The success stories stem mainly from a few well known and highly regarded business schools. Among them are the Indian Institutes of Management (IIM) and the Indian School of Business (ISB).
The recent student placement report from the Indian School of Business showed that 346 domestic and international companies like The Boston Consulting Group, Google, IBM, McKinsey, Accenture, The Royal Bank of Scotland and A.T. Kearney offered roles to its students, including several senior management positions. Salaries offered to the class of 2010 were up eleven per cent from the year before.
Other well regarded business schools like the Management Development Institute (MDI), Gurgaon/Delhi and the Jamnalal Bajaj Institute of Management Studies, Mumbai, have confirmed those positive reports and a study by the Indian business magazine BusinessWorld also found that job offers and salary packages offered to students of top business schools in India had increased.
Due to the rapid growth in India graduates have a good chance of getting top jobs even though they might still lack practical business experience. And another recent change plays into their hands. Since the introduction of the Foreign Universities Bill by the Indian government, the number of foreign business schools offering their programs in India is increasing. This helps students to gain international management knowledge.
Favourite places to study in India are Delhi, Ahmedabad, Hyderabad, Mumbai and Pune (former Poona) to name a few. Mumbai and Pune in the state of Maharashtra are becoming increasingly popular as the state is home to many management institutions. Pune even came to be referred to as the Oxford of the East due to its large student population, large number of academic and research institutes and beautiful cultural heritage. The city also offers many job opportunities in IT, in the automotive sector and manufacturing industries. Pune has attracted foreign capital since 1990, particularly in the information technology and engineering industries.
The two leading and most regarded business schools in India are:
Indian Institute of Management, Ahmedabad (IIMA, ranks 11 in FT Ranking 2011)
Vastrapur
Ahmedabad 380 015
India
www.iimahd.ernet.in
Indian School of Business (ranks 13 in Financial Times Ranking 2011)
Gachibowli,
Hyderabad 500032,
Andhra Pradesh,
India
T: +91 40 2300 7000
.(JavaScript must be enabled to view this email address)
www.isb.edu
List of business schools in India:
http://en.wikipedia.org/wiki/Category:Business_schools_in_India
Always look for accreditations, placement reports, alumni network and talk to other students, before applying to a school!
Map of India:
http://www.mapsofindia.com/maps/india/india-political-map.htm
Sources and further reading:
http://tomorrowsmanagers.latribune.fr/mba-demand-in-india-booming.html
http://www.ftd.de/karriere-management/karriere/:mba-studium-indien-staerkt-sein-hochschulwesen/50104436.html
http://www.mbauniverse.com/article/id/4372/MBA-in-Pune
the article is good. But according to me it needs some update news regarding the colleges and eligibity criteria
MBA programs can be done either Full time or Part time. Major B-schools offer specialization in HR, Marketing, finance, international business, entrepreneurship and retail management.