Seems one (or more) MBA degrees from B-schools abroad is helping many top bosses scale the corporate ladder. An Economic Times report shows that India Inc top bosses’ club has plenty of such examples. The latest in the list is 41 year old Krishna Kumar, who will take charge as the new CEO and MD of Philips India in December.

Kumar has two MBAs: One from IIM Ahmedabad and the other from Northwestern University's Kellogg School of Management. Others in the 'foreign MBA' club include Mittu Chandilya, CEO, Air Asia India. Chandilya, 33, has two overseas MBAs --one from Insead and the other from Tsinghua University in Beijing. 44 year old Vivek Gambhir, MD at Godrej Consumer Products, joined the organisation as chief strategy officer in 2009. He has an MBA from Harvard Business School.

The report quotes Ajit Isaac, CMD at headhunting firm Ikya Human Capital Solutions as saying, "The career progression of such people moves at double the speed since there is a big demand for such candidates in the job market."

Read the complete report here