India to very soon become the hub of management education
The Indian higher education sector, specially the IT education has carved its mark of excellence on the global map. However, the growth is not limited only to IT. The recent publication of 2011 World Geographic Trend Report for Graduate Management Admission Test (GMAT) examinees reflects the fast growing Indian management education sector, making it the emerging hub for management studies. As per the GMAT reports, Indian students dominated the population of GMAT test takers all across the world accounting for the highest number (91%) of score reports sent per exam in 2011.
Over the past five years, the Indian management programs and the Indian business studies sector have undergone huge metamorphosis, which has subsequently altered the quality of education for the better. Increasing number of GMAT test takers are now choosing India among other countries like the UK and Singapore to pursue their management dreams. This is a clear indication of growing popularity of Indian B-schools. With increasing number of Indian students dominating the GMAT test scenes, Indian B-schools are soon expected to increase their intake.
Most MBA aspirants are now willing to study in India as the cost factor is more pleasing here when compared to the foreign B-schools. While you have to shell out a huge amount in foreign countries, you could obtain the degree at 10% of the cost in India. Also one will save on living expenses while studying in the home country. MBA aspirants chose a foreign MBA over Indian MBA degree for reasons of international exposure. With the Indian B-schools following a curriculum that strikes a perfect balance between theoretical and practical knowledge, students believe this will prepare them for the rigours of the industry.
Bagging a job at the end of the degree is one of the major goals of all management students. B-schools in India have a structured placement system that promises almost 100% job opportunities. Moreover, large number of the prospective students expressed interest in the regional and local opportunities in India. The most attractive feature besides the cost is the entry requirements. B-schools abroad require the candidates to have a minimum of two-four years of work experience while applying to study for the programs. In Indian B-schools on the other hand follow flexible admissions criteria making it a viable option.
Indian B-schools employ quality teachers and experts for their classrooms thereby increasing the quality of the programmes offered. Indian top B-schools deliver some of best management programmes that match international standards. Quality education coupled with low costs and promising placements is putting India on the global map as the emerging hub for management studies.
Source: Times of India