Monday, September 13, 2010

U.S. B-schools lose lustre for Indian students

The great Indian dream of pursuing an MBA in the U.S. seems to be on the wane. India has been ahead of China when it comes to flooding U.S. B-schools with GMAT (Graduate Management Admission Test) scores: from 2005 to 2009, U.S. B-schools received the maximum number of GMAT scores from India. But this year, the dragon has beaten the tiger. So where have all the Indian students gone? They seem to have found a new destination for management education. It's called India.

Here's a look at the facts. In testing year 2005 (July 1, 2004 to June 30, 2005), when over 43,000 GMAT scores were sent to management programmes in the U.S. by Indians, a mere 19,196 GMAT scores came from Chinese. Till 2009, India maintained its lead over China. But in testing year 2010 (July 2009-June 2010), for the first time the number of Chinese far outnumbered Indians: 80,000 to the Indians' 65,361.

Ashok Sarathy, Vice-President, GMAT Programme, feels this may have a lot to do with the emergence of high-quality management education in India. "There's been a growing interest in the local market among Indian management aspirants, with high-quality programmes being offered in India. They are now seeing tremendous opportunity in their own economy and in Indian degrees,'' Sarathy told TOI from the U.S.

Sarathy's views are borne out by the statistics. In testing year 2010, over 17,000 Indians sent in their GMAT scores to Indian institutions. Meanwhile, only 1,743 GMAT scores from mainland China (and 5,184 from Hong Kong) were sent to Chinese B-schools in the same period.

While the last five years saw only a marginal increase in GMAT scores sent by Chinese in their own country (but a steady growth in those sent to the U.S.), there has been an almost four-fold rise in the number of Indians applying to Indian management institutions—from 4,879 in 2005 to 17,087 in 2010.

Source: The Economic Times, September 13, 2010
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