MALD2011
Hi,
I think getting an Indian MBA will helps in terms of getting hired faster. Most of the better business schools in India have bigger companies coming to campus for interviews. Having said that you should keep in mind that getting in to IIM-A or IIM-B is comparatively daunting task. CAT is not an easy exam, and what makes it even harder is number of people taking CAT every year.
I can think of one solution to this tricky situation. You can get an MBA from a school in US or Europe where they have joint degree/collaborative programs with IIM or ISB. I can't think of any name top of my head but I am sure ISB has joint degree programs. This way you will be able to participate in campus hiring on ISB or IIM.
About MBA from US.
Personally I would go for this option. There are several reasons for that.
1. Most of the American university degrees are recognized in India.
2. You can get a job in any international bank of financial institution and ask for a location in India
3. There are relatively less number of people asking for Indian job location than the whole demand.
I hope this helps. Let me know if you any specific questions. I know some people working in India after an MBA, they should be able to answer your questions.
Well here's the thing: more than likely, I will not be competitive enough for schools like Wharton, Kellogg, or LSB that have collaboration programs with ISB. Thus, I'm basically screwed unless I actually get into ISB (which might be doable). Therefore, would I just be better off getting an MBA from a good school (i.e., I think I'll be able to get into UT-McCombs or something like that when the time comes and may have an outside shot at Cornell, Duke, UCLA, Berkeley) or ISB and then asking to work in India? What US schools, outside the M7 have a good repo in India?
Otherwise, I'm pretty sure I read that IIMs take NRIs and allow them to take the GMAT, so why can't I just do that and just dominate the GMAT?