More and more Indians graduating from top global business schools, including Wharton, Harvard and 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 already entrepreneurs 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.
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