India's MBA Gold Rush
Few Indian schools -- excepting a handful that include the IIM campuses -- can offer the same breadth of B-school education that the top U.S. programs offer, says Shyam Sunder, the James L. Frank professor of accounting, economics, & finance at the Yale School of Management in New Haven, Conn. The MBA is just too new to them.
It's too early to tell if Corporate America is losing out due to the number of Indian students choosing to go back home after garnering some experience in the U.S. But some India-based recruiters are concerned that they won't be able to afford to hire back talent that has been earning the significant pay typical of American MBAs. Starting salaries are upward of $80,000 in the U.S. and only $18,000 in India, although the cost of living is lower, says Rohtash Mal, CEO of AirTel, Bharti Televentures in New Delhi.
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