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Survey Shows Indians Use Business School to Leverage Career Change

The QS Applicants Survey 2007, the world’s most definitive MBA research analysing responses from thousands of worldwide MBA applicants, shows the following trends:

  • 39% of Indian respondents to the survey came from an I.T. background an increase from the 34% in 2006
  • Over 50% of Indian respondents said they wanted to go into consulting, financial services and banking after completing their MBA
  • Only 18% wanted to work in I.T. post-MBA
  • Only 26% would consider studying an MBA in India
  • Indian MBAs expect amongst the world’s highest salary uplift
  • There were more Indian MBA applicants at the World MBA Tour than from any other country (over 1,500 at each fair)

The QS Applicants Survey, published June 26th 2007 after a successful World MBA Tour, shows that over 50% of Indian MBA applicants to business schools do so to switch careers from I.T. to management and leadership positions in the financial and consulting sectors. Despite the boom in India’s I.T. industry, upwardly mobile Indians are sensing greater benefits outside I.T.

The sustained growth of the Indian economy (a rate of 7-8% over the past decade) as well as a continued rise in disposable income within the country means an increasing number of technical professionals see a need for management education for banking and financial services within India.

The MBA is seen as a viable option for aspiring Indian leaders to improve their careers and salaries. Answering the question about Current Income India placed 27th of the 33 countries surveyed, yet 14th in the list when it came to Post-MBA Salary Expectations. Over 4% of applicants expecting to earn US$80-85,000 upon completion, far higher than the regional average. Combined with the fact that only 26% of Indians consider studying their MBA in their home country, suggests that many managers of the future are being tempted overseas by the lure of higher salaries and career possibilities.

Examples of career-changers abound. Sandeep Gupta says, “The Cranfield MBA helped me open up international avenues, expand my knowledge base provide an extraordinary network of professionals, helped me stretch myself beyond perceived limits, and helped me improve my financial status significantly.” He is now based in the UK at a supply chain firm.

QS Marketing Director Biren Patel says, “The Indian economy is fast becoming a regional giant with regard to I.T. consulting services with powerhouses such as TCS, Wipro and Infosys opening offices outside the country. These, as well as the vastly expanding banking and consulting industries, need leaders and managers. The MBA is undoubtedly the best option for ambitious young people to improve their careers, at home or abroad, and to improve their salaries and their options for the future.”

Competition for leading business schools is fierce and successful MBA applicants research thoroughly by utilizing Internet resources such as www.topmba.com/scorecard as well as meeting with school representatives this week at the QS World MBA Tours in Mumbai (5th July) and Delhi (July 7th). Meeting Admissions Directors from the world’s top business schools face-to-face is voted year-on-year as the best form of admissions preparation available to aspiring MBAs.

-Ends-

Editors and journalists information:

For further information please visit: www.topmba.com

Please contact: 

Ross Geraghty   +44 20 7284 7297 ross@qsnetwork.com 
Biren Patel  +44 20 7284 7241 biren@qsnetwork.com

 

About QS

QS provides guidance for higher education and career choices, enabling high achievers to progress towards their leadership goals. Through our exclusive events, publications, research and interactive web tools, we link undergraduate, graduate, MBA and executive communities around the world with recruiters and education providers.
 
The QS team of over 80 individuals from the four corners of the world represent the experience and goals of the achievers we aim to assist. They include internationally recognised experts in the higher and business education arena QS operates globally from offices in London, Paris, Singapore, Tokyo, Beijing, Sydney, Washington DC, and Johannesburg.

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