jumsumtak
niksworth
There are so many Indians in general.
You sir, deserve a Kudos for this!
There are enough people (read Indians) on this forum who will be more than willing to share their thoughts on this. I'll chip in with a few points:
Whatever Niksworth mentioned is true to a very large extent. Those are the first few reasons that will come to anyone's mind if you ask this question. Apart from those,
1.) I'm not too convinced with the quality of education as well. Quality here is subjective and obviously includes the quality of the class. When the best institutes in the country have nearly 70% (or more) people without any sort of work experience, many choose not to apply.
A derived point from this is: the selection criteria. There are no essays. Your resume does not weigh as much. Your career goals don't way AS much. What is of absolute importance is that you have scored a 99.XX percentile in your Common Admissions Test ( approx. 250,000 sit for it each year) and you have been consistent through out your academic career (right from high school).
So essentially, a McK guy with a 96 percentile on CAT cannot get into a top 10 school. (Its a different issue that a McK guy will almost always take GMAT and apply to foreign B schools and McK recruits from like 3-4 UG schools in India, and that too 3-4 people from each class). Similarly if you screwed one of your high school grades you are pretty much out of the race for top schools and this because there would be a thousand others who did not. If I were in the ad com of a B school in India, I would probably add a few more criteria but still wont be able to accommodate a 96 percentile . There is absolutely no scope of screwing your academics.
Hence, you fill the class with people from essentially similar people, who are very good in academics but not as good in other areas. Everything is Cut-throat.
Just to give a feel of it:
The high school (XIIth) grades are out of 500 (5 subjects 100 marks each).
Each school in Delhi University releases cut off lists to fill in the batch. Commerce and Economics are the most sought after courses. Can you guess the first list cut-off for the top college. 100%. I can't even explain what that means.
The 3rd cut-off list for that college goes up to 98 % or so (these are absolute marks and not percentiles).
2.) India is a developing country and there are a lot of fields that are relatively unexplored. Let me take a leap here and say for example VC industry is not spread AS much as in some of the developed countries. People are more informed now and want to explore.
3.) There is no clear career progression. You won't see many people, as in US, who join a MC or an I banking firm, right after their UG and progress from analyst through to associate. Those are very very elite position apparently. "There are so many Indians in general". Hence there are so many in IT, so many in Engineers, and SO many MBAs out there. Hence, no recruiter is willing to take risks and give jobs to UGs . In fact, this even dilutes the work MBAs do in India. Which is one more reason why people want to go out. The quality of work is definitely better (according to me). Again, keeping all other parameters same, if I were a recruiter I would probably hire someone with a business degree.
I could list down a lot of them. But essentially the crux is "there are a lot of Indians in general". They face an equally tough task to get through a B school in India as they do for a school in US.
P.S: I'm sure there will be people who will differ from the points above. This is what I feel and I'm sure there are a 1000 other reasons.
Few responses, provided with a very narrow vision, have forced me to put forward my thoughts as well.
I’ll respond first by posing a few questions and then would get down into answering.
First and foremost - "there are too many Indians" and thus heavy volume of Indian applicants! Please note- there are even more people in China however you don’t find as many Chinese on such MBA forums? What is the reason?
Second, the questions raised on quality of education and criteria of CAT- What value is of an essay or resume edited by an admission consultant instead of the applicant himself? Probably a better candidate may not be able to ‘showcase’ himself as well as another candidate, who gets services from such consultants, may. Would that be justifiable in your opinion? Or at the end you would question this criteria as well?
Any institute decides what kind of students it wants in its classes/campus and on what criteria to judge candidates. And this in no way defines the quality of education in that institute. What matters is what goes inside classroom and on campus.
If you look at HBS or any other prestigious college, you’d find that average GMAT range is higher than other tier 2 colleges. Similarly – IIMs look for best candidates with ‘good’ percentile on CAT and then give them opportunity to showcase their potential in GD and PI. If you've such a large pool to pick from, you've to formulate a strategy on 'how to pick'! period!
You cannot guarantee admission into IIMs with higher score on CAT as you cannot guarantee admission into HBS only based on GMAT score. In short an McK guy can definitely get into one of the ‘TOP’ MBA institutes in India.
Now coming back to the original question- Why so many Indians on this forum and generally doing MBA.
Career progression and better opportunities post MBA - This is a common, ‘high level’ reason for anyone on the planet to do an MBA.
Just that, when you compare number of Indians applying for MBA – you are looking only at total number or presence on such forums, while in reality this is just a very small (arguably infinitesimal) fraction of Indian population. But this doesn’t mean I support large population means large number of applicants argument! I would rather put it in this way “large population of ‘eligible’ and 'informed' candidates means large number of applicants".
While quality of top Indian institutes imparting MBA education cannot be questioned, it is a fact that there is absolutely no MBA institute in India (barring a few avenues introduced off late) for a person with higher work ex and therefore anyone realizing a need for MBA ‘late’ in their career HAS to go to international schools to get the quality education. Also, anyone not able to get through in his/her dream colleges in India has to take this route to fulfill his/her aspirations.
Hope this answers some of your questions and, in addition, gives you some questions to ponder upon!