As US immigration regulations diminish the appeal of the American dream, Indians are turning to academic alternatives in Asia and Europe, where there is a rise in quality business schools and post-study job prospects.
In November, one of China’s biggest sportswear brands Xtep, with a market value of approximately $2 billion, launched in India through the entity called VRX Sports. Ritwik Ghosh, the man behind the Chinese brand’s entry into the country, was glad that many of his career choices and risks were paying off. One of them was picking the China Europe International Business School (CEIBS) for an MBA over The Wharton School in the US.
Growing up in Jharkhand, Ghosh wanted to get out of his job with the merchant navy to explore a new career in cross-border investment. While he opted for CEIBS on an intuition, the 38-year-old investment professional believes that the dynamic economic situation in China is opening up many career growth opportunities. “Given that I have knowledge about both markets, I can now match Chinese companies looking to expand globally with investment opportunities in India,” the Shanghai resident explains.
His alma mater, which Ghosh says was the “best unknown school in the world” when he graduated in 2011, today finds a place in the Financial Times’ rankings of the top 10 business schools of the world, the only Asian institution in the top tier. According to Professor Juan Antonio Fernandez, MBA director, CEIBS, the school is anticipating up to a 3 percent increase in the number of Indian students enrolling in the MBA programme next year. In 2017 and 2018, Indians occupied 5 percent of the total class strength of about 179 and 175 students respectively.
This story is from the January 18, 2019 edition of Forbes India.
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This story is from the January 18, 2019 edition of Forbes India.
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