Do you think that you will face rigid requirements at entry to prestigious MBA program? In India over 200 000 applicants compete at entry on 1600 places of elite MBA programs  of IIMs institute  (Indian Institute of Management). These programs are not presented in the international ratings. Mainly they serve as an initial step for the Indian students-engineers who wish to be trained in management and the finance.

But there is one MBA program in India which is considered a player of a world scene is Indian School of Business in Hyberadad. In spite of the fact that this business school is not accredited yet, this one-year program occupies 20th place in the world, according to rating of Financial Times. And this school settles down in one of the most technically grounded cities of Asia. If you are a student from another country, there can be a place for you, and some monetary grant.

Why students from other countries?

ISB School, as well as any other MBA program, wishes to give to students  international experience in conditions of interaction of various cultures. Last year on a course from 438 students, 4 % were foreigners from Spain,  Great Britain, Canada, Mauritius and Nepal. In the past on the program students from the USA, Pakistan also were trained, Germany and Italy.

ISB recently has increased quantity of grants which the school gives to foreign students. There are two types of grants:

1. International Diversity Scholarships: is given out  to the students, being not citizens of India (applicants of the Indian origin have no right to reception of the given grant), at the rate from 5 000 to 10 000 dollars.

2. ISB – AIESEC Scholarship: this grant is given to the aliens of India who are members of AIESEC, international student’s organisation which sponsors programs on an exchange of students. The grant is given only to three students, its size makes 75 % from training cost.

You can apply for both grants together with an application for admission.

Why MBA in India?

Because India is on the rise. The director of service of communications of business school ISB Bhauvana Ramalingam, informs: «In the conditions of world community globalisation it is considered, that there are two growing economy, they are China and India. More and more companies search for employees who would represent the companies in these countries. The received knowledge first-hand is very valuable experience».

ISB also offers programs on an exchange with other leading MBA-programs, such as programs of business schools Wharton, Kellogg, London Business School, and also programs of schools of Asia.

The director of service of communications has added that graduates of the Indian programs and foreign students have been employed in the transnational companies, such as McKinsey, Booz Allen Hamilton, GE and Goldman Sachs and many others. Some foreign students also have made decision to stay in India to work in the leading Indian companies, for example, in Tata Consultancy.

Lacks

In spite of the fact that ISB occupies the 20th place in the world, business school for the present does not possess such powerful brand, as leading two-year programs of the USA and Europe. Actually it is necessary to carry out homework in advance – to talk to people working in branch into which you would like to take root – in the same way as need to offer yourself and to advertise strengths of ISB brand, having plunged in circulation of search of job.

There is one interesting article of Indian business newspaper Mint, which is co-operating with Wall Street Journal. The author considers that MBA program of ISB meets the level of other international programs, but its FT rating can be excessive. The journalist informs that the newspaper used inexact calculations of average salaries. Besides, last four years the school does an emphasis that it has established base of constant teachers, but it has till now strong dependence on coming teaching structure. Besides it is absent in the list of the accredited business schools on the website of AACSB though this school has already begun procedure on its accreditation.

Strengths of ISB

ISB is proud that it advances business. The graduates who have graduated from the school recently, have opened biotechnological and pharmaceutical firms, and also work at quickly developing enterprises in India. But as practice shows, the majority of graduates have made a big jump in career. The most basic directions:

* From business to the share capital;
* From a merchant marine fleet to port management;
* From information technologies to consulting.

How to make an application

The selection committee of ISB business school has started to accept applications on June, 1st. To make an application, it is necessary to fill it in online and to attach two recommendations. Interviews of the first circle pass in November, the second – in January. If you are from another country and you have been chosen for an interview, the member of a selection committee will spend it with you by phone.

Also do not forget about GMAT examination – you need to have not less than 710 points – according to Ramalingam.

How much is it profitable?

MBA cost, including a tuition fee and accommodation costs, makes approximately 47 000 dollars. It is very favorable in comparison with other leading programs which cost makes about 75 000 dollars for one year of training.

So, if you plan a trip to India in the future, this program can be a correct choice. You may receive sated experience in the country of a mosaic from religions, nationalities, road stoppers and possibilities for business. Simply decide, whether you are ready to become a trailblazer and to perform the job necessary that the importance of MBA has been recognized at the international level.