India’s MIT (Manipal Institute of Technology) costs less than $6,000 a year-and look where it got Microsoft’s new CEO Satya Nadella

India’s MIT costs less than $6,000 a year—and look where it got Satya Nadella

By Heather Timmons @HeathaT 7 hours ago

Few institutions could be as pleased with Microsoft’s recent appointment of new CEO Satya Nadella as the Manipal Institute of Technology.

“Over the last three months, when his name was shortlisted for the job, we have been hoping and praying that Satya would get the job,” chancellor Ramdas M. Pai said in a statement distributed by the south Indian school, where Nadella got a bachelors in engineering in 1988. “Every single student, past and present, will cherish this glorious moment,” Pai said.

The school was the site of “day long celebrations” after his appointment was announced, DNA newspaper reported. “Students of electronics and communication courses, who adore Nadella, rode their bikes through the town spreading the news, distributing sweets and bursting firecrackers.”

Manipal Engineering College was founded in 1957 and renamed Manipal Institute of Technology after its founder visited the Massachusetts school in the 1970s and dreamed of a similar school in India, the Indian institution’s joint director told the Wall Street Journal.

Nadella’s former teachers remembered an inquisitive student. “He would not meekly go and do experiments,” a professor of digital electronics told the Journal. “He would cross-question and try to understand why something is that way.” He went on to get a masters from the University of Wisconsin and an MBA from the University of Chicago.

The education is certainly a bargain compared with its US namesake. Manipal’sfreshman year tuition is 359,500 rupees, or $5,755, while one year at MIT costs $43,210, or $37,000 more. Living costs in Karnataka state are low too—5,000 to 6,000 rupees a month (less than $100) “should be sufficient allowance” for a student, according to one guide.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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