Indian Business Schools — Are they really effective?
Graduation from Top College is a craze among youths nowadays. MBA (Masters of Business administration)is one of the most famous post-graduate programmes in India. The 2-year programme is a gateway to the world of good job positions and entrepreneurship.
This course makes you understand the administration and management of the business. Students from any stream can pursue an MBA. Students polish their skills like communication, presentation, leadership, problem-solving, management, research-oriented thinking, and and analytical thinking in a proper way here. India has more than 100 Top MBA Colleges in operations including approved and unapproved institutes.
MBA in India can be a good choice for the young generation looking for an affordable fee structure with a good return on investment. India is home to a lot of top-rated MBA colleges such as Indian Institute of Management IIM, (Ahmedabad, Bangalore, etc), Department of Management Studies (DMS) IIT Delhi, Delhi; XLRI Xavier School of Management, Jamshedpur; Management Development Institute (MDI), Gurgaon, etc. In India, around 2.3 lakh students have appeared for CAT 2021. This number is lowest in comparison to the last four years, due to the Covid 19 situation.
Also Read: Predict College on the basis of your CAT score with IIM Call Predictor
The effectiveness of any Institute cannot be only judged by its placements and annual packages but also by their internships, practical knowledge imparting, etiquettes teaching capacity, course standards, infrastructure, qualified faculties, etc.
These days everyone wants a safe, secured, and high payable job instead of taking risks in choosing entrepreneurship as their career. Many institutes offered various opportunities for students to implement their practical knowledge in an innovative manner to obtain their goals in a smooth manner.
With the increasing of Globalization, Indian Business schools are improving a lot from the past. There are certain strengths as well as weaknesses of Indian Business Schools.
The positive side of Business Schools Includes developing advanced and flexible management skills in students. MBA specialization to be chosen from various options like Finance, Marketing, operations, information technology, business analytics, human resource, international business management fits the need for students' goals.
Besides this Salaries of MBA professionals are some of the highest in the job market. Aspirants can start their own company from the initial stage. MBA students are more adaptable to changing environments and developing business opportunities as they got the opportunity to access the wide business network.
Also Read: Here are some CMAT Exam Preparation tips for CMAT Exam 2021
Business schools accept older students too for admission as they can study MBA part-time as well as online. Practical knowledge is imparted through various theories such as motivational theory, behavioral theory, leadership skills, economic and statistical theories, and tools implemented in the real world.
Case studies depicting real business situations are one of the best learning of today’s business schools. International exchange events help a lot in improving communication and decision making skills.
With the positive side of Indian Business schools, there are some challenges too. One Challenge could be the inclusion of practical aspects of developed economies rather than developing economies like India. Though some Business Schools are updating their curriculum to compete with international standards still exceptions are there.
Most of the schools in India are facing problems like lack of Infrastructure, poor research analysis, experienced and qualified faculties. Another challenge faced by Indian B schools is that students are selected on the basis of their entrance exam score. The students with the highest marks got selected in top institutes forgetting the main aim of selecting managers not scholars. The effectiveness of Business schools also depends on doing MBA from the top College, otherwise, it is just a wastage of money and time.
The best idea for B-schools to retain their effectiveness is to ensure that they continuously innovate relevant knowledge and skills. The best way for upgrading these skills are either internships or live projects or summer training or case and simulation study offered by various business schools of India.
They help students to understand the current industry trends and negotiation skills. Students developed their analytical skills by managing lively data. B-schools should adopt these initiatives into the curriculum to accommodate them. The digital transition is one of the biggest changes brought by pandemics. Business schools across the world are developing digital tasks and adopting digital technologies to increase efficiency
Nowadays managers are expected to perform different tasks of the business unlike a decade back when specialisation was the focus. Hence industries expect B-school graduates to possess multiple approaches and focus on business development to achieve their targets. This is possible when candidates opt for a suitable and efficient business school. So we can say that studying in Indian Business schools are challenging but not difficult.
Important: Top 10 MBA College in India
