The education prospects in India are seeing a new sunshine. And the latest ray that hits the news headlines is that India is ranked fourth in the global list of most popular destinations for management studies, reports Anahita Mukherji of Times News Network.
According to a survey conducted by Graduate Management Admission Council (GMAC), there are some surprise entries in the top 10 B-school destinations preferred by the aspirants. Canada has been ranked third while Israel and Spain make for the surprise entries.
The GMAC is the body that conducts GMAT, the global B-school entrance test used by several top ranked business schools around the world.
Experts reason India's climb to the top four mainly due to cropping of many elite institutions like the Indian School of Business, Hyderabad. India's flagship cluster of institutions, the IIMs, has also had their contribution in the same.
Says an expert, "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 U.S. and the UK, the returns are higher."
They also opine that India can soon become a hub for management studies like other Asian nations, Singapore and Philippines. This is mainly due to the fact that India is less expensive when compared with the western counterparts.
Among Indian students aspiring for a B-school entry in an U.S. college, the geography is expanding and Canada is fast becoming a preferred option among Indian candidates. This is mainly because Canada has a robust economy coupled with liberal visa policies and good job prospects.
