Biocon prefers proper science masters they don't go for MBA, they train students themselves for the specific purposes. And doing MBA in any such science field is not at all a good Idea. There will be 1 in 10 who is going to be successful
Oh my goodness only ISB gives MBA, rest all are hardcore science institutions and they didn't write they need MBA, My seniors are there in Biocon, batchmates are in Biocon, my juniors are in Biocon. They all are PhD or MSc passouts
And these companies want specialists in every field if they want entrepreneurs they will go for pure MBAs and if they need science people they go for PhDs and MScs.