Graduate Management Admission Council (GMAC), which conducts GMAT conducted a global survey on Top 10 most popular destinations for management studies. The result has few surprise entries with India ranking fourth favorite destination for management studies.
Experts say India’s foray into the elite league has a lot to do with the emergence of institutions like Indian School of Business, Hyderabad, which was ranked No.12 globally in the Financial Times ( London) Global MBA rankings earlier this year. The IIMs, which use GMAT as an entrance test for their executive MBA programmes, are also responsible for India’s popularity.
“B-school aspirants are looking at a return on their investment, and with the investment being lower for management education in India when compared to the US and the UK, the returns are higher,” said an expert. Many feel India can emerge as a hub for management studies amongst Asian countries such as Singapore and the Philippines as it will be a less expensive destination than western giants.
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