More and more Indians graduating from top global business schools, including Wharton, Harvardand Stanford, are spurning traditional job offers in favour of starting up new business ventures back home.
Wharton's MBA batch of 2012 had 70-80 Indians, of which 10-15 turned entrepreneurs. And in the current class of about 100 Indians, 15-20 are alreadyentrepreneurs or are actively working towards founding their own businesses, according to ET estimates based on interviews with 10 alumni. Such instances were uncommon even as recently as 2009.
Harvard Business School saw 5-6 out of 30-35 Indian students turning entrepreneurs from its class of 2011, according to alumni estimates. It hardly had any Indian entrepreneurs five years ago. Similarly, Stanford's B-school saw a record-breaking 16% of its class of 2011 starting their own firms, with a significant number of Indians in the group.
"Global B-schools expose them (Indian students) to a strong entrepreneurial architecture with a greater number of role models, success stories and potential investors," says Kunal Bahl, founder and CEO of SnapDeal.com. "This gives them the much-needed confidence to do something of their own."
Bahl passed out of Wharton in 2006 and immediately started work on SnapDeal.
"This is definitely a key trend for our generation," says Anirudh Suri, an MBA from The Wharton School (University of Pennsylvania) class of 2012, who currently runs an early-stage venture capital fund, The India Internet Group.
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