It depends on how good you are. If you don't think you're up for it, then it's better not to have those ambitions. In general, schools are looking for people who are superstars, or who have high potential to be a superstar.

You decide whether you're going to be good enough, and whether you can prove it in your application. If not, there's nothing wrong with staying in India - I heard that it's developing now.

thanks for the reply.....

<blockquote>I plan to work for the next 1 or 2 years and then prepare for GMAT for MBA in US. Do you think that with a good GMAT score and about 2 yrs exp i would be able to get admission into a reputed B - School or is a 3+ work exp, a must.</blockquote>

Generally, two years is ok. But I think it might be a hard sell if you start applying during your second year simply in order to have two years of experience before you graduate. Do yourself a favor and work for a solid two years before you apply. It's a good idea to keep track of your promotions, accomplishments, etc. for your apps.

<blockquote>When schools mention that they also accept early candidates wthout work ex but with exceptional skills, what are they exactly looking for? and as regards work exp do they ask for mangerial level work exp only</blockquote>

That really depends on the program. Early candidates could mean anything, and it will ultimately be dictated by the program's needs at that time. This used to not be the case (especially with the top tier schools,) but is becoming more common: they're starting to pad out their hard-core business students with more people from varied backgrounds.

As a school rep recently told me, rather than focusing solely on work experience or GMAT scores, "we're looking for people who really know how to think."

If you can demonstrate this in your app and interviews, then you have a good chance.