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@ Shankha: Thanks for sharing the name. This is indeed a difficult choice to make. Further my views are constrained by lack of first-hand knowledge of Marketing (CB) area. Please take that into account too.
1- Well known brand name - You will easily get placed in one of the IIMs after PhD.
2- Mostly US trained faculty (including visiting faculty) - You will have more opportunities to learn the publication game.
3- INSEAD connection / visitng faculty - good opportunity for international networking; you might be able get one/two of these senior profs as referees and/or committtee members.
4- Cracking a T50 international school would be difficult. But if you can manage atleast one A publication (almost a norm in CB), a reasonable pipeline and are able to do strong networking, I won't be surprised if you manage a good T100 school. Another route, if you want to aim higher, might be to use your connections and land a postdoc at a T10 school. Even raesonable productivity will make you more saleable after that.
The "other" school
1- Again, Well known brand name - You will easily get placed in one of the IIMs after PhD.
2- Mostly European faculty - You will have very limited opportunities to learn the publication game.
3- European Brand - good opportunity for regional networking.
4- Cracking a T50 international school would be very difficult. But if you can manage atleast couple of decent publications, a reasonable pipeline and are able to do strong networking, I think you will land a job at one of the good European schools (barring INSEAD/LBS). Again, if you want to aim higher, you might want to land a postdoc at a T10 school. Even raesonable productivity will make you more saleable globally after that.
Conclusion: Irrespective of the school, you will have good career opportunities. The other school will definitely get you a job in Europe. ISB can "potentially" prepare you for the US market as well. Top universities in Singapore (NUS/NTU/SMU) are pretty competitive and I don't think any of the two options will make any difference to your chances there.
All the best!
@Bloomsbury: I can tell you about an Asst. Profs compensation (all INR). He earns app. 2.5mn/Year, including salary and 4 weeks/year consulting/training. Other perks include: research fund (app. 100k), two international conferences, housing, medical benefits etc. He doesn't care about the publication game and publishes in areas of his interest (economic development; entrepreneurship; energy markets). He is confrmed (tenured) and has job for life. I have also been told that several profs earn upto 5mn. Overall, sounds like a good deal to me.