For selecting a person for the post of a CEO the selection committee in the organization might give more preference to a person with an additional MBA degree from a top B school. As the MBA degree may demonstrate that the person is highly skilled and experienced. However a study conducted by INSEAD, the Harvard Business Review (HBR) and Business Today magazine reveals that if a person has an MBA degree, only 40 percent chances are there that he or she will become a CEO. As in India only 40 percent of top CEOs have an MBA degree. The rest 60 percent CEO’s in the country do not have an MBA degree. Amongst the top 10 performing CEO’s in the country only two had an MBA degree namely Naveen Jindal, CEO of Jindal Steel & Power Limited (JSPL), who holds an MBA degree from the university of Texas at Dallas was ranked first and Bhaskar Bhat the CEO of Titan Industries, who got the fourth position in the list acquired his MBA degree from Indian Institute of Management (IIM), Ahmedabad. The most renowned CEO in the country Mukesh Ambani of Reliance Industries who was ranked 7^th was dropped out from the prestigious Stanford University after completion of the first year.  The other successful CEO’s of the country who made to the top 10 list was AM Naik of Larsen and Toubro, YC Deveshwar of  ITC, Sunil Bharti Mittal of Bharti Airtel, R Sridhar Shriram of Transport Finance, and Vijay Jindal of Zee Entertainment Enterprises.

Although many evidences prove that an MBA degree is not necessary to become a CEO, according to Bala Vissa who was the main lead of the INSEAD study one of the most interesting findings of the study was that CEOs who started their job at a younger age and had a MBA degree were more probable to attain a better ranking success, reports the Pagalguy .com website.