How much experience do you have what is your current role and post mba goal. That much is needed to help you make your decision. Otherwise for a person with 2 year work ex ISB would be attractive and IIM C for 8 years work ex person. Overall there is no definite answer .

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Ok. Risk engineering in India is not done by many companies. There are only few such as AIG, torus insurance etc. I am not from the field but one of my close friend is so I understand your field a bit.
Anyways atleast you have your goals clear. I see ISB as the good fit as your work ex is just under 6. ISB is a fantastic b school , just the number of students in a cohort worries me. Batch of 900 would have lot of competition for the placement , irrespective of the claims of the career center. Also you get a training certificate from isb hence that is a hindrance for phd from any IIM or outside India, if your plan changes in future.
My advise would be to talk to isb and iim c alumni , who are in your target fields. They would give you a better feedbac about the course.
Also look at the option of product management in the insurance domain. That would open lot more opportunities for you. Good luck.

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Product management doesn't require IT knowledge but is usually preferred because of the nature of the product.
I know people who are into product management but only have MBA degree and are doing pretty well.

If you think my answered helped you, press the kudos. That is the norm here at gmatclub

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