Neither the Indian Institute of Technology nor Oxford or Cambridge appears in the list of top 20 colleges with largest number of billionaire alumni.
Mumbai University is the only institution outside the US and UK to feature in a top ten list of billionaire alumni compiled by the research firm Wealth-X. While Harvard topped the list with 25 former students who went on to become billionaires, Mumbai University came in at number 9, with 12 billionaire alumni.
The hyper-competitive Indian Institutes of Technology, alma mater to two generations of tech entrepreneurs, did not feature even in the top 20.
But ranked by academic excellence, the situation is reversed. While the IITs occupy the first six spots in a rating of Indian universities by the British agency Quacquarelli Symonds, Mumbai University didn't even feature in the top ten.
One explanation for the enormous affluence of the Mumbai University alumni could be sheer volume. The colleges that come under the umbrella of the premier university in India's commercial capital have 2.3 lakh students on their rolls, many of them from the country's richest families. That's approximately 23 times the number of students at all the IITs.
There are only 16 Indian Institutes of Technology, while Mumbai University has more than 500 colleges affiliated to it.
However, if the ratio of billionaires to the student body is considered, Mumbai University falls way down the list and the IITs come out tops.
Most of the colleges in the list are from the United States. One is from England, one from Russia, one from India and one from Switzerland.
We welcome your comments at letters@scroll.in.
Mumbai University is the only institution outside the US and UK to feature in a top ten list of billionaire alumni compiled by the research firm Wealth-X. While Harvard topped the list with 25 former students who went on to become billionaires, Mumbai University came in at number 9, with 12 billionaire alumni.
The hyper-competitive Indian Institutes of Technology, alma mater to two generations of tech entrepreneurs, did not feature even in the top 20.
But ranked by academic excellence, the situation is reversed. While the IITs occupy the first six spots in a rating of Indian universities by the British agency Quacquarelli Symonds, Mumbai University didn't even feature in the top ten.
One explanation for the enormous affluence of the Mumbai University alumni could be sheer volume. The colleges that come under the umbrella of the premier university in India's commercial capital have 2.3 lakh students on their rolls, many of them from the country's richest families. That's approximately 23 times the number of students at all the IITs.
There are only 16 Indian Institutes of Technology, while Mumbai University has more than 500 colleges affiliated to it.
However, if the ratio of billionaires to the student body is considered, Mumbai University falls way down the list and the IITs come out tops.
Most of the colleges in the list are from the United States. One is from England, one from Russia, one from India and one from Switzerland.
We welcome your comments at letters@scroll.in.
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