Indian B Schools have nurtured the many of the current business pioneers of the world. The Asia-Pacific region and South East Asia going to become the future business centers for all major business activities, understanding of the local market is key. A business school environment is the best place to understand the local markets from a global prospect. Studying in India will give an edge in understanding the behavior pattern of local businesses. It also helps in real time understanding of end users of future business managers. An Indian MBA bridges the gap between local business practices and scientific approach. The international bodies accreditation alone speaks about the quality of education imparted in Indian schools is at par with international universities. Besides Ivy league colleges which have set the base line for management studies, Indian B schools are at par with most of the non-Ivy B schools. Also ROI is a key factor for any Indian student. Getting into irrecoverable debts by choosing a management course outside India is a basic question on your financial management skills. This study is not to say that Indian MBAs are best. But, in the current volatile global economic conditions an MBA that studies local markets is critical. With Asia having the most stable economy in the world, an Indian MBA will jumpstart your management aspirations

1. A case study on why an Indian MBA is still the best choice.
Why an Indian MBA?
Karthik Balasubramani
Follow Me!
@kartzb
/kartzb

2. Whom is this study for?
There is a new rage in India, people going
abroad for their MBA and their masters in
general. Yes, we have to agree that the
exposure and interactions will be global and a
cultural eye opener to many. But, at the end we
are there to learn how to operate business and
become globally employable. If such global
resources were only created in B schools
abroad, IVY league or the LSE, why do Indian BSchools even exist?

3. Whom is this study for?
With the European economy facing its worst crisis
and the situation in USA also gloomy and
unemployment reaching new record highs.
I have only one question to all my fellow Indians, who
aspire to join B schools in USA & Europe and are busy
researching about their international courses.
How sure are you of being employed in that
country you wish to study?

4. Number System was invented in
India. The Zero was also
invented in India by Aryabhatta.

5. Why is post study employment
important?
Ask any MBA aspirant, he knows what an ROI is.
For dummies its Return Of Investments, in fact the
modern B Schools rankings consider ROI’s as a
critical parameter for ranking. Education is also
increasingly becoming a business. This is business
studies and nobody is interested in doing a PhD or
become a researcher in near future.

6. Why is post study employment
important?
A simple math that we have learnt at school, you measure
apples with apples and not oranges. You don’t compare
unequal quantities. Elevating this to a B school scenario,
businesses/companies are keen on cutting down costs,
that’s what is taught in B schools, everyone is greedy and
want the most value for every penny spent.
Coming back to my apples to orange comparison, if I am
going to fund my education taking loans/debts in the native
currency of my B school, am I not suppose to be paying it
back in the native currency? This is where post study
employment becomes critical and a deciding factor. If you
spend 30000£ for a MBA course from London School of
Economics, only to come back to India working for an
Indian firm. As a future business leader does it make any
tactical sense?

7. Why is post study employment
important?
It’s a simple business operation technique, that you invest
less on manufacture and sell it in big markets to increase
your profits. Well your business school choice should also
be made with the same strategy. If you would ask me,
ROI’s should be the only parameter to rank B Schools
these days, as the reason for doing a masters in business
studies, is purely monetary centric.

8. Value for money is the new mantra
With business education increasingly becoming expensive, and most
of the European nations using education as a source for attracting
international investments, here is a look at the ROI for India B schools.
Institution
ROI
IIM B
146.66
IIM A
123.80
ISB Hyderabad
140
XLRI
133
FMS Delhi
190
IIM K
120
IIM Indore
92.30
Fee (Lakhs)
Least Salary (Lakhs)
15
22
21
26
20
12
0.25
28
16.2
8
10
12
13
12

9. ROI
195
180
165
150
135
120
105
90
75
60
45
30
15
0

10. The value of Pie(3.1417) which is most
commonly used in all technical subjects was
calculated by Indian named Budhayana in
6th century.
There are only three countries which makes
super computers, USA, Japan and India.

11. The IIMs
For a longtime, IIM has been the IVY league for the
common Indian. Not because its government funded
(Tax Payers Money), but they were started with a long
term vision of providing high quality education. Off
late, IIMs have been headed by corporate giants who
are set the long term visions and goals. This has grown
IIMs into a premier business school.
In the ROI chart you may notice that though they are
government run, they don’t have a uniform fee
structure. No, IIMs are not like the state universities you
would find in the USA.

12. The IIMs
The only cons in the admission process for IIMs and I
have to mention it here, is the profile scrutiny. IIMs have
become a place where your applications are purely
scrutinized based on past academics (the 2yr regular
MBA). Hence it doesn’t really nurture natural skills, but
just provide a leaping board for those good with their
math and past academics.
Besides the regular MBA IIMs also offer a plethora of
management courses, certification courses, diplomas.
Whilst the regular MBA needs a strong academic past.
There are several courses for the working
executives, and people with work experience. The 1yr
PGDM from IIM(A) is ranked 3rd by Financial Times world
B school survey. There are several courses in all IIMs

13. The IIMs
Here is a look at the International bodies that have accredited
IIMs
IIMs
Accreditation Bodies
IIM Bangalore
EQUIS (2013)
IIM Ahmedabad
EQUIS (2008)
IIM Kozhikode
AMBA (2013)
IIM Calcutta
AACSB (2013)
IIM Lucknow
AMBA (2013)
IIM Indore
AACSB (2013)

14. Indian School of Business
Founded: 1996
Flagship Course: Post-Graduate Programme in Management (PGPM).
Accreditations: Association to Advance Collegiate Schools of Business (AACSB)
Summary: ISB is a not-for-profit organization funded entirely by
corporates, foundations and individuals from around the world. The
school was founded by two senior executives of McKinsey &
Company and is governed by a board comprising both Indian and
non-Indian businessmen. ISB is considered to be amongst the best
business schools in India. The school's flagship program, the PostGraduate Programme in Management (PGPM), was ranked 34th in the
world in the 2013 Financial Times Global MBA Rankings. ISB is the
first business school in South Asia to be accredited by the
Association to Advance Collegiate Schools of Business.
Rankings: Ranked 34 in the world in the 2013 Financial Times Global MBA
Rankings. QS Global 200 Business Schools Report the school was ranked 7
in the Asia-Pacific region for 2012.

15. SP Jain School
Founded: 1981
Flagship Course: Two-year Post-Graduate Diploma in Management (PGDM) program
and a One-year Post-Graduate Program in Management (PGPM).
Accreditations: Association of MBAs (AMBA), National Board of
Accreditation, Tertiary Education Quality and Standards Agency, Australia
Summary: The institute has international campuses, in Dubai, Singapore and
Sydney, managed under the names S P Jain School of Global Management
and S P Jain Center of Management. Centre for European Business Studies.
The Centre for European Business Studies, funded by the European Union
was launched in 2009, in collaboration with ESB Reutlingen of Germany.
SPJIMR has set up a Centre for Entrepreneurship Development, and has
partnered with the Wadhwani Foundation to launch the National
Entrepreneurship Network (NEN).
Rankings: SPJIMR was ranked No. 16 by the QS Global 200 Business Schools
Report in the Asia-Pacific region for 2012. In India, it was ranked No. 10 by the
Business Today 50 best business schools of 2011 and No. 9 by the Hindustan
Times' India's top 50 business schools of 2011[30] and the 2012 edition of

16. Great Lakes Institute of Management
Founded: 2004
Flagship Course: One-year full-time Post Graduate Program in Management
(PGPM)
Accreditations: AACSB, IAO
Summary: The institution, a brain-child of the US-based management guru Dr
Bala V. Balachandran. Great Lakes has earned the accreditation of AICTE.
Great Lakes Institute of Management has a memorandum of understanding
(MoU) with Stuart School of Business at the Illinois Institute of
Technology, Chicago, USA. The Yale-Great Lakes Research Center has been
established with the objective of pursuing advanced research in management
in partnership with Yale University of the USA. The PGPM Course at Great
Lakes is the only One-year management course in India approved by the
AICTE.
Rankings: Business World magazine has ranked Great Lakes 15th in
intellectual capital and 18th in overall rankings. Careers360 magazine has
considered it to be mini ISB in one of its articles. he umbilical cords for both
GLIM and ISB bond them to elite US institutions like Kellogg and Yale

17. Xavier Labour Relations Institute
Founded: 1949
Flagship Course: Full-time residential MBA.
Accreditations: SAQS, AACSB.
Alumni & Summary: B. Muthuraman, Vice-Chairman, Tata Steel Ltd, Bijou
Kurien, President, Reliance Retail, NS Rajan, Group Executive Council
member & Group Chief Human Resources Officer, Tata Sons, Rakesh
Kapoor, chief executive of Reckitt Benckiser,
S V Nathan, Director RHRD, Deloitte Consulting India Pvt. Ltd.
XLRI is India's leading private, business management school based in
Jamshedpur, Jharkhand, India. Established in 1949 as the Xavier Labor
Relations Institute, XLRI is acknowledged as India's oldest business
management school. The Jesuit managed school's flagship programs include
a full-time 2-year post graduate program in Business Management and
Personnel Management & Industrial Relations (re-christened as Human
Resources Management in 2011
Rankings: In 2012 XLRI was ranked No. 4 in India. The PMIR programme has
been selected as the best 'HR Course' in Asia-Pacific. London Business

18. The greatest growth in
Executive MBA
Programs is taking
place in non-North
American locations
.

19. Faculty of Management Studies
Founded: 1954
Flagship Course: Full-time residential MBA.
Accreditations: NBA, AICTE.
Alumni & Summary: Ajay Mahajan- Founder, FICC Capital, Ajay Shukla- VP &
MD, McGraw-Hill Education, Amit Jain- Country Director, Akzo Nobel, India,
Amit Ranjan- Cofounder & Director of Operations, SlideShare, Dr. Alok
Bharadwaj- EVP, Canon India, D.S.Brar- Chairman, GVK Biosciences, Harit
Nagpal- MD & CEO, Tata Sky Ltd , Kanwaljit Singh- Senior MD, Helion
Advisors
Faculty of Management Studies (Commonly known as FMS Delhi )
established in 1954 under the aegis of the University of Delhi offers
management education to the professional managers as part-time and fulltime MBA programmes. It is one of the oldest business schools in India which
started offering a Full Time MBA programme.
Rankings: FMS was ranked #3 in Business Today's 50 Best Business Schools
of 2012, #5 in the Outlook MDRA Survey B-School Rankings 2012, #7 in
Hindustan Times India's Top 50 Business Schools of 2011 and #10 in the 2013

20. MDI Gurgaon
Founded: 1973
Flagship Course: Post Graduate Programme in Management (PGPM)
Accreditations: AMBA, SAQS
Alumni & Summary: Vikas Bajaj – Joint MD, Bajaj Motors, Yatin Pahwa –
Head of strategy, Nokia, Sanjay Verma – CEO-Asia Pacific, Cushman &
Wakefield,
Saurabh Ray – Director of business development, Oracle India ,Rohit
Mittal – Financial Analyst, The World Bank, Anand Bagri – Senior VP,
Axis Bank
Management Development Institute was formed as an autonomous body
in 1973, in collaboration with several global institutions like UNDP,
UNIDO, World Bank and ILO, with an initial grant received from KfW,
West Germany, and with the active support of Industrial Finance
Corporation of India (IFCI). T. N. Kapoor was the first Director.
Rankings: Ranked #8 by MBA Universe's 2013 Rankings. It was also
ranked No. 6 by the 2012 edition of CNBC-TV18's Top B-Schools in India.
In 2011, it was ranked No. 6 by Outlook magazine and in the limited

21. MICA
Founded: 1991
Flagship Course: Postgraduate Diploma in Management (Communications)
Accreditations: Chartered Institute of Marketing UK, Fulbright Affiliate
Summary: MICA was established in 1991 by A.G. Krishnamurthy of
Mudra Communications, as an autonomous post graduate academic
institute. It was set up to feed the Indian advertising industry with
trained persons. The main academic block was inaugurated in 1993.
Over the course of next 20 years, the CCC, Online PG Certificate and
FPM programs were introduced. MICA is now known to consistently
provide excellent marketing communications persons to the industry.
The programme offers specializations in the areas of Advertising
Management,Brand Management
Media Management, Marketing Research,Digital Communications
Management
Rankings: Ranked consistently in the top 15 Indian B Schools.

22. TAPMI
Founded: 1988
Flagship Course: Postgraduate Diploma in Management
Accreditations: Association to Advance Collegiate Schools of Business
(AACSB)
Summary: TAPMI has received recognition and respect amongst the
well-known industrial houses and academic institutions in India for the
quality of its education. Over the years, the institute has earned a name
for its Post Graduate Programme in Management and the quality of
student talent it has produced. Continuous improvements in the
curriculum, structure, academic systems and faculty resources have
contributed significantly to making TAPMI a preferred centre for
management education. Today, over 3000 TAPMI alumni hold
responsible managerial positions in India and abroad.
Rankings: TAPMI is consistently ranked among the top Indian B-Schools
by various business magazines. In 2013, Outlook India ranked it #17.
Business Today ranked it 19 B-School and The Week at no. 22 position

23. Here is a list of B Schools that are not covered here but
are among the top B Schools in India:
• Jamnalal Bajaj Institute of Management
Studies, Mumbai
• NMIMS Mumbai
• Symbiosis International University
• Loyola School of Business Chennai,
• BIMTECH
• Christ University Bangalore
• IIFM Bangalore
• Xavier's Institute of Management, Bhubhaneswar
• KJ Somaiya Institute of Management Studies and
Research, Mumbai
• ICFAI Business School, Hyderabad
• Amity Business School, Noida

24. Conclusion
Indian B Schools have nurtured the many of the current business
pioneers of the world. The Asia-Pacific region and South East Asia going
to become the future business centers for all major business
activities, understanding of the local market is key. A business school
environment is the best place to understand the local markets from a
global prospect. Studying in India will give an edge in understanding the
behavior pattern of local businesses. It also helps in real time
understanding of end users of future business managers.
An Indian MBA bridges the gap between local business practices and
scientific approach. The international bodies accreditation alone speaks
about the quality of education imparted in Indian schools is at par with
international universities. Besides Ivy league colleges which have set
the base line for management studies, Indian B schools are at par with
most of the non-Ivy B schools. Also ROI is a key factor for any Indian
student. Getting into irrecoverable debts by choosing a management
course outside India is a basic question on your financial management
skills.
This study is not to say that Indian MBAs are best. But, in the current
volatile global economic conditions an MBA that studies local markets is
critical. With Asia having the most stable economy in the world, an Indian

25. THE END
Follow Me:
https://www.facebook.com/kartzb
https://twitter.com/kartzB