B-schools in India

A time to change our viewpoint towards B-schools in India

India produces around three lakh management graduates each year, yet scarcely 35,000 of them are employable. This is the issue that has been and is broadly bantered since the last decade.

There is high demand for talent, however, individuals would prefer not to study. Also, the individuals who study are not able to be engaged with academic exercises; they just come for better placements. B-schools were pulling in the wrong individuals who were not adding value to companies. Students believe they are smart since they get into IIM-A, yet what they do there isn’t significant.

However, a lot has changed. Rapidly advancing technologies like big data analytics, artificial intelligence, robotics and the emergence of quantum computing have established an environment in which quite a lot of what is learned in school gets obsolete in a couple of brief years. Absolutely, the soft skills of communication, creative thinking, leadership, and critical thinking are always needed and stay in demand by employers. However, the hard facts and skills of the vast majority of the disciplines are changing as innovation swells through the economy and society.

Numerous Business Schools (B-Schools) talk about placement numbers and salary packages as a part of their promotion. Notwithstanding, assessing MBA projects and B-Schools based on Return of Investment is certifiably not a proper method to choose one’s future course.

B-Schools and top management establishments have acquired their reputation through thorough research, industry-oriented academic curriculum, impeccable pedagogy, remarkable facilities, and renowned faculty. However, while picking a B-School, a candidate views it as a simple placement agency.

There is already a lack of skilled job-ready candidates. Enterprises are as of now feeling the squeeze. For these openings, they are done searching for white-collar or blue-collar workers. Instead, they are looking for “new-collar” workers: “a person who builds up the technical and soft skills needed to work in tech jobs through nontraditional instruction ways. These employees don’t have a four-year degree from college. All things being equal, the new-collar employee is prepared through junior colleges, vocational schools, technical certification programs, on-the job apprentices and internships, high school technical education, etc.

The significant test is to engage students. B-schools should guarantee that students think critically. Various crucial things ought to be instructed to students before they go to work. Additionally, teaching methods should be changed to build up particular sorts of skills, qualities, practices and perspectives.

Some Indian B-schools have effectively made changes. IIMs and other B-schools will change their educational curriculum and are likewise able to impart it to other people. Numerous schools are additionally starting leadership laboratories, which is at par with the Western education culture.

Presenting new models of learning where the universities collaborate with companies and help students upskill by updating them about market patterns and cycles and offering industry visits and guest lecturers.

Simultaneously, we should be on top of things on teaching technological implementations, new practices and advances and developing our students’ flexibility in the application of skills to new environments. In order to succeed in these areas, we will keep the degree applicable to both the managers and forthcoming understudies.

Thus, India being the nation prepared to show up on the world stage as the next superpower, it is in desperate need of effective managers. While the universities produce an enormous number of managers consistently, we need to ensure that the quality is rarely undermined. Leading institutes are the beacon of hope, and different colleges should stick to this same pattern, and guarantee they don’t wind up turning out to be glorious placement agencies; rather they ought to endeavor to become what a B-school is really intended to be – a sustaining centre for diverse ideas.