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Asia's universities rise up the ranks

15 April 2014 Last updated at 01:56 BST

It wasn't too long ago that Asia's best and brightest business students looked overseas for top-notch education.

The Graduate Management Admission Council, which administers the entrance exams for MBA programs, says that's changing.

More students are electing to stay at home for their studies.

Sangeet Chowfla is the global president and chief executive of GMAC. He told the BBC's Rico Hizon how the region's universities are becoming much more competitive.

Watch more reports on Asia Business Report's website.