 In 1987, he earned a Master of Business Administration from the Indian Institute of Management Ahmedabad, graduating with a gold medal for academic performance.He joined the Tata Administrative Services as a management trainee, but left after a few months to join the doctoral program at the Sloan School of Management at Massachusetts Institute of Technology.In 1991, he received a PhD for his thesis titled "Essays on Banking" under the supervision of Stewart Myers, consisting of three essays on the nature of the relationship between a firm or a country, and its creditor banks.