Indians Prefer MBA from U.S. but Business in India
Global B-schools provides a strong entrepreneurial foundation
According to the founder and CEO of SnapDeal.com, Kunal Bahl, the global business schools expose the Indian Students to a strong entrepreneurial architecture providing them with a greater number of role models, success stories and potential investors. "This gives them the much-needed confidence to do something of their own," said Bahl, who passed out of Wharton in 2006 and immediately started working on SnapDeal. He further added, “it is a tremendous feeling to do something for consumers you understand and see family and people around you use what you make."
Prashant Tandon, who along with Sameer Maheshwari founded healthcare –focused online health store “heartkart,” said that he had no intentions to be an entrepreneur until he went to Stanford; and after getting exposed to the entrepreneurial ecosystem in the school he decided to start his own venture.
He further added that almost all global business schools provide a good platform for entrepreneurship, creating opportunities to interact with investors and successful entrepreneurs, funding support in form of seed capital apart from teaching students how to evaluate entrepreneurial opportunities as part of their curriculum.
Moreover, bodies like The Wharton Venture Initiation Program and Wharton Innovation Fund back the students with seed capital and introduce them to be experienced entrepreneurs.
Harvard and Stanford business schools also offer similar resource infrastructure to its budding entrepreneurs in addition to the entire coaching support for entrepreneurs. Among the others, it is the Indian students who are profiting the most out of it.
"Since many of our Indian friends have technical or engineering backgrounds, they are now able to attract significant investor interest in their start-up ideas since Silicon Valley and the rest of the technical world is still extremely frothy with capital," said Daniel Garblik, who co-founded a food products company, ‘Bandar Foods,’ along with his classmate Lalit Kalani.
