Indians Prefer MBA from U.S. but Business in India

Returning Back is Common Here

"This is definitely a key trend for our generation," was the words from Anirudh Suri, alumni of The Wharton School (University of Pennsylvania). He is currently running an early-stage venture capital fund, The India Internet Group and eksms.com that gives personalized recommendations for Mumbai restaurants over SMS, web or phone. Suri added that coming back to India for starting own business ventures is common among the entrepreneurs.

 "Indians are more willing to take risks than earlier, when there was probably the fear of failure," said Amrita Chowdhury, associate director-education at Harvard Business School India Research Centre. She adds that Indian students in these schools are turning to entrepreneurship only halfway through their studies more recently. "It is no longer difficult to do these start-ups in India with increasing availability of venture capital," added Chowdhury.

Shiv Kapoor and Aneesh Satnaliwala, founders of This YaThat, and Vinay Mahadik, founder of Parental Control Service Securely, are still students pursuing management studies at Wharton. "There is no better time to enter India than now," Kapoor observes. Shuchi Pandya, founder of fashion start-up Pipa Bella, completed her MBA from Wharton in May 2012, had started work on her venture while in school.