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India Education
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<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Global B-Schools design courses for Indian managers
19 Feb, 2008

MUMBAI: K Ramkumar's inbox is flooded with unsolicited emails. The HR head of ICICI Bank claims that almost every other day, he receives a mail from a major global business school trying to hawk a course from its executive education programme.

Five years ago, this would have been unheard of. Today, deans and professors from the best business schools are jostling for an appointment with Mr Ramkumar and other senior executives to discuss how to train managers at India's second largest bank.

It did take a while for the somewhat insular global schools to figure out the India growth story, but now that they are here, the biggest and the best business schools are trying to make up for lost time. Harvard Business School (HBS) just completed its first five-day executive education programme in Hyderabad.

If a similar course was taught at the Harvard campus, it would have cost $10,000 upwards. An Indian executive gets it for as low as Rs 1,80,000. Foreign B-Schools and Indian companies are finding common ground because rapid growth has left many firms short of leaders, making it the right time for B-schools to enter the market.

Says Ernst & Young human capital services partner Tanmay Kapoor, “There is a shortage of 20-40% in the leadership positions across sectors.” Many companies have found internal training to be a substitute but after a point it becomes uneconomical.

Now that foreign B-Schools are willing to offer customised courses at competitive prices, the market has opened up. Wharton Executive Education senior director-executive programmes Sandhya Karpe says that the Indian executive education market now recognises the value of world-class executive education and is eager to invest in the same. Most of these B-Schools have already seen the power of large numbers at work in China. A similar phenomenon is taking place in India. <!--QuoteEnd--><!--QuoteEEnd-->
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