16 December 2023 | B W BUSINESSWORLD | 151 industry standards can enhance students’ skills. Skill-based learning, focusing on contextual skills, can be a more effective approach. For this, we are signing a number of MoUs now for co-designing of curriculum and faculty internships. There is much buzz about GenZ’s outlook towards life and work? How is that reflecting on the campus? How are you meeting their expectations? There is a big change. Over the past four years, as my team has been counselling students and interacting with academics and faculty, one constant theme is that students’ reasons for joining a school are not solely based on their desire for an MBA degree. They have a large bucket list of reasons. This inspired the team to create student-centric campaigns for the upcoming 2024 academic year. The team conducted research on students’ current aspirations. The university has launched a marketing campaign called ‘Be More’ to cater to students’ aspirations beyond an MBA degree. The campaign offers a variety of elective options and encourages students to engage in extracurricular activities. With over 25 clubs on campus, students can participate in various fields such as marketing, operations, finance, HR, artificial intelligence, VR, photography, animal care, chess, cricket, tennis, and several other clubs. The university aims to build a strong ecosystem of options and resources for students, ensuring they are not only management graduates but also contribute to the university’s success. What are the predominant challenges before management today and what recommendations do you have for business fraternity and resolving them? The global world is shrinking rapidly and corporates are looking for problem-solvers who can drive change in their global context. Change is a constant in organisations and many structures change rapidly. The business’ life cycle is shrinking due to horizontal technology interventions. The biggest risk for corporates, including Fortune 500 CEOs, is uncertainty, as business cycles are constantly changing. Thus, the biggest challenge for B-schools is preparing talent to navigate uncertainty and volatility, and to be resilient. Corporates today are looking for talent who can be put on the job from day one. They are also looking at hands-on, application-based learning in B-schools, beyond just theory. And this can happen through capstone projects, apprenticeships, internships and live projects. To meet industry expectations, collaboration with the industry is crucial for developing a curriculum that incorporates industry-specific modules and techniques. And to make the faculty geared for such a curriculum we thought of faculty internship programmes, where they learn new techniques and project methods at corporate offices. Providing corporate modules that align with
152 | BW BUSINESSWORLD | 16 December 2023 “We initiated the project bunkarvalley.com to promote Products of Weavers and Artisans on Digital Platform” IIM Sambalpur has the vision of “Nurturing Responsible Leaders with an Entrepreneurial Mindset.” Mahadeo Jaiswal, Director, IIM Sambalpur shared what makes the institute stand out from the crowd By Team BW What distinguishes IIM Sambalpur’s accomplishments in fostering entrepreneurship within its educational curriculum? The vision of IIM Sambalpur is “Nurturing Responsible Leaders with an Entrepreneurial Mindset” and aligned with our vision, we created an Incubation Centre with a full-fledged infrastructure on the campus and we also have INTERVIEW received an amount of USD 20 lakhs (Rs 16.6 crore) from Sushant Kumar, Founder and Principal of ESKEYN Ventures & Indus Capital, USA to support the startups at IIM Sambalpur Incubation Centre. Apart from this, with the support of SIDBI, we are imparting entrepreneurial management education to master weavers of the region and also their business in the ONDC digital platform. IIM Sambalpur has also signed a MoU with Flipkart to onboard the master weavers’ product in the digital marketing platform. As a part of this initiative project “bunkarvalley.com” has been launched with an aim to market the handloom, handicrafts, and artisans’ products in a digital market platform. We wish to change the narrative of management education in India from that of how to manage business to that of how to create business. How has been the placement of MBA 2021-23 at IIM Sambalpur? IIM Sambalpur has achieved 100 per cent placement. The batch of MBA 2021-23 got placed in more than 130 companies with the highest annual CTC offered of Rs 64.61 lakhs per annum (Domestic) to Avni Malhotra and Rs 64.15 lakhs per annum (International) to Ramya R. However, the average salary for female students is Rs 18.25 lakhs per annum. The average for the top 10 per cent of the batch is Rs 31.69 lakhs per annum. What are the unique new programmes being offered by IIM Sambalpur? There are several unique new programmes in the offing from
16 December 2023 | B W BUSINESSWORLD | 153 IIM Sambalpur. These include: - MBA for Working Professionals in Delhi: IIM Sambalpur as part of its innovation and diversification strategy is launching a two-year Master of Business Administration (MBA) degree programme for working professionals at IIM Sambalpur - Delhi Centre (ISID, Vasant Kunj, New Delhi) in blended mode on weekends. The programme is unique in terms of its specialisation in contemporary management fields such as Data Science and Product Management, Entrepreneurial Innovation, Sustainability, and functional domains. Another unique feature of the programme is that it has an option for international immersion as well as dual MBA degrees from international universities. The programme will provide a platform to interact with faculties from IIM Sambalpur, international partner universities, and industry experts. The current economic scenario of our country is brimming with endless opportunities. - Dual Degree from Sorbonne University: IIM Sambalpur has signed an agreement with the International Institute of Education Consortium (IIE), Paris, France to establish a Dual Degree programme with regard to Full-time MBA/Executive Ph.D./Part-time Ph.D. programmes or Doctorate in Business Administration (DBA) for working executives’. “Co-Diplomat” in France & “Dual Degree programme” in India for the purpose of this agreement shall be degrees conferred by the Indian and foreign higher education institutions. Can you share more details about the PAN IIM Management Conference 2023? IIM Sambalpur is gearing up to host the highly anticipated 9th PAN IIM World Management Conference in 2023, scheduled to take place from December 21-23. This event promises an exciting platform for professionals, academicians, policymakers, and thought leaders to converge, exchange insights, and expand their professional networks. Building on the resounding success of the past eight editions of this conference, the Indian Institutes of Management have once again united, demonstrating their commitment to providing a forum where the brightest minds from both India and abroad can collectively shape the future of management theory and practice. The overarching theme for this year’s conference is “Entrepreneurial Innovation and Digital Governance for Inclusive and Sustainable Growth.” It’s a theme that underlines the significance of embracing forward-thinking and innovative initiatives that have the potential to fuel progress and prosperity, while also advocating for inclusive and sustainable growth. With a diverse and accomplished roster of over 1,000 delegates representing academia, industry, and government, this conference is set to be a dynamic and influential gathering that will drive discussions, foster collaboration, and ultimately contribute to the advancement of management knowledge and practice. The stage is set for a transformative event that promises to leave a lasting impact on the fields of entrepreneurship, innovation, and digital governance. 9th PAN IIM World Management Conference 2023 at IIM Sambalpur during 21-23 December 2023 CALL FOR PAPERS Theme: “Entrepreneurial Innovation and Digital Governance for Inclusive and Sustainable Growth” n Finance, Accounting and Control n Economics n Marketing Management n Organisational Behaviour & Human Resources n Quantitative Methods and Operations Management n Management Information Systems & Digital Strategy n Humanities & Liberal Arts in Management n Digital Governance n Diversity & Inclusion n Sustainability n Entrepreneurship and Start-Ups n Grassroot Entrepreneurship and SME n Women Entrepreneurship n Public Policy and Governance n New Education Policy and its impact on higher education in India n Legal, Taxation, Ethical and Cultural Aspects n Skill Development n Health care Management n Fintech and crypto assets n Green and renewable energy management Link for Paper Submission: https://forms.gle/TX5WZtwsK8xXdJsDA Last Date of Submission of paper: November 15, 2023 Conference Venue: Indian Institute of Management, Sambalpur (Odisha) Important Contacts [email protected] (for paper/case related queries) [email protected] (for doctoral consortium related queries) [email protected] (for admin/logistic related queries) https://iimsambalpur.ac.in/pan-iim/ (website)
154 | B W BUSINESSWORLD | 16 December 2023 Himadri Das, Director General, International Management Institute (IMI), talks about how the institute emerged stronger in the wake of the unprecedented Covid challenge How do you see the performance of business schools in India? Please tell us particularly about International Management Institute. The future of B-schools in India is going to be very outcome-oriented in terms of giving students the relevant skill sets that the industry requires. This is going to be a major shift because industry requirements are moving at a very fast pace. There is a huge amount of disruption happening driven by technology sweeping through all walks of business. An industry recruiter’s need is for people to be able to hit the ground running from the day they join, equipped with contemporary set of skills that may not even have made it to textbooks yet. Business schools must adapt to changing recruiters’ needs, revise their curriculum, and revisit their pedagogy to create learning outcomes that can make the students effective and productive. We have recently restructured the curriculum in all our programmes, in consultation with senior industry executives. It is not restructured based on benchmarking with other schools but based on inputs from industry recruiters, since they are the best people to tell us what skills they need. We strive to have about 20 per cent of the curriculum delivered by these industry executives and the remaining 80 per cent by our faculty. What have been the challenges in this journey and how has the institute overcome those? We faced the same challenges everybody faced LEVERAGED PANDEMIC TO EMERGE STRONGER B-SCHOOL SPECIAL DIRECTOR SPEAK “We exhibited extreme agility during the pandemic and converted the challenges it created into opportunities to further strengthen ourselves. The day the pandemic hit, we responded immediately both in the short term as well as the long term” By Shruti Tripathi during the pandemic. But we did not get affected by any of these challenges because we pivoted very fast. We moved online immediately and had all the technology in place, without losing learning effectiveness. All our classrooms today support hybrid teaching. Our faculty teach in traditional mode but we can have industry executives from anywhere in the world teach online, with the students sitting in class and having the same kind of engagement as if they are in a regular class. We took advantage of the pandemic and the challenges it created as opportunities to further strengthen ourselves. The day the pandemic hit, we responded immediately through high-quality
16 December 2023 | B W BUSINESSWORLD | 155 of our curriculum and students are learning how to apply blockchain in different, broader areas of management. We recognised the importance of AI about five years ago when we introduced a business analytics specialisation, where a big component is big data and machine learning. How have physical infrastructure and faculty strength been augmented? All our classrooms were renovated to make them hybrid classrooms. Every single classroom has now been completely modernised with technology. We have 86-inch interactive panels in each classroom, we have high-resolution cameras, and high-quality microphones in the ceilings so that we can run them as hybrid classrooms. During the pandemic, we made huge investments in infrastructure development. We are currently building a world-class recording studio because we have got approval from AICTE to launch a PGDM online programme. With this facility, we can have our faculty record high-quality asynchronous content. We hired a large number of young research-centric faculty members with Ph.Ds from top research schools and with a strong track record of research publications. We believe the future is going to belong to knowledge creators rather than knowledge disseminators. In a business school context, research is the mechanism to create knowledge which can, in an appropriate form, be disseminated to the classroom as well as to industry. How does the provision of ‘Internationalisation of education’ in the NEP influence the business schools and your institute? We have had international placements even before NEP came and students do get jobs outside of India. International placements will continue to grow as we go along. We have always had international academic partners and exchange programmes where our students go abroad for a term and the international partners’ students come here for a term. We have a large amount of collaborative research between the faculty of our school and those of international schools, leading to co-authored publications in high quality international refereed journals. [email protected] online teaching, trained our faculty to use tools that would help leverage the online platform and improve learning effectiveness. . What impact will the increasing penetration of AI and disruptive technologies have on management education? The curriculum content of management education has undergone a significant change in the last few years, for those who appreciate the need to change and be in line with what the industry wants. So, disruptive technologies like blockchain have come in and completely changed the way supply chains operate. We have introduced blockchain as part
156 | B W BUSINESSWORLD | 16 December 2023 * We have established strong industry partnerships to offer students practical exposure and hands-on experience through long-term internships, projects, and real-world case studies. * At Chitkara Business School, we cultivate leadership skills among students through various training programmes, workshops, and mentorship initiatives. These trainings are done by our 100-plus industry partners. What are the changing expectations of industry from B-schools and how are you fulfiling these? The evolving dynamics of the business landscape have led to a shift in the expectations of the industry from management programmes. Some of the changing expectations include: * Recruiters now expect B-school graduates to possess practical skills such as critical thinking, problem-solving, communication and adaptability. These skills are taught at Chitkara Business School through value-added courses. * With the growing influence of technology in business, there’s an increased demand for management graduates who are proficient in data analysis, digital marketing, and other technological tools relevant to their field. Our business courses are integrated to meet the industry requirement. Technology exposure is given to all specialisations on regular basis through workshops and skilling programmes. * Businesses are expanding globally, creating a Madhu Chitkara, Pro-Chancellor, Chitkara University, talks about the industry engagement, technological innovation and the thrust on research at the campus What are the major thrust areas in management education at Chitkara University? Chitkara University, known for its comprehensive and innovative approach to education, emphasises several key thrust areas in management education. Some of the major thrust areas include: * We are encouraging students to develop an entrepreneurial mindset to address social problems. We are also fostering an environment that promotes innovation and creativity in business so that once the students get a job after the business programme they should really add value to the industry they serve. * Chitkara Business School has integrated technological advancements and digital tools into the curriculum to prepare students for the evolving technological landscape in the business world. This really helps them in navigating their careers. * Chitkara University is committed to providing a global perspective to students, enabling them to understand international business dynamics and multicultural environments. The Global Business Week, exchange programmes, and short mobility programmes with more than 100 B-schools of the world make it more meaningful for the students. * Our clear focus is on educating students about the significance of sustainable business practices and the importance of CSR in modern organisations. Students visit our five adopted villages and conduct several activities related to social issues as a part of their curriculum. “FORWARD-LOOKING STRATEGY TO INTEGRATE DISRUPTIVE TECHNOLOGIES” B-SCHOOL SPECIAL DIRECTOR SPEAK By Barkha Rawat
16 December 2023 | B W BUSINESSWORLD | 157 analyse vast amounts of data to gain insights into student performance, preferences, and learning patterns, which can help in tailoring the curriculum and teaching methodologies to better meet the students’ needs. Adaptive learning platforms powered by AI can customise learning paths for individual students, thereby enhancing their learning outcomes. Some of the approaches that Chitkara University adopted include technology-integrated curriculum, skill development initiatives, collaborative research and industry partnerships. How is research fostered at Chitkara? The university has various research committees to oversee the quality of research viz. Research Advisory Board, Doctoral Research Board, Institutional Human Ethics Committee, Institutional Biosafety Committee, Animal Ethics Committee and Startup Committee. Research labs for life sciences (8), engineering & technology (23) and physical sciences (3) facilitate multi-disciplinary research and bring out lifechanging technologies. The Office of Patent Facilitation, Licensing and Consultancy (OPFLC) organises programmes for promotion of innovation culture. These have resulted in filing of more than 2,400 patents, out of which over 650 have been published and more than 210 have been granted. [email protected] “Chitkara Business School has integrated technological advancements and digital tools into the curriculum to prepare students for the evolving technological landscape in the business world” need for professionals who possess a global perspective, cultural sensitivity, and an understanding of international business practices. We have tuned our curriculum more towards transnational education in business programmes through coteaching model. We have 2+2 articulation business programmes where in students spend half of their tenure at our campus and remaining half with international partner to acquire global skills. We regularly update our curriculum, and it comes from industry. We have partnered with industry to create internship opportunities, guest lectures, and industry projects that provide students with real-world experiences and insights. How is Chat GPT and other disruptive technologies impacting management education? Disruptive technologies like chatbots, artificial intelligence (AI), and machine learning (ML) have started to influence various aspects of management education, including teaching methodologies, student engagement, and learning experiences. Chatbots can provide instant and personalised assistance to students, offering them on-demand support for their queries and concerns. By leveraging AI and ML, educational institutions can
158 | B W BUSINESSWORLD | 16 December 2023 Debasis Sanyal, Director, Great Lakes institute of Management, Gurgaon, talks about the concerted effort to establish right processes and academic rigour at the institute that was established in 2010 What is your approach to make a mark in the community of B-schools? Great Lakes Institute of Management, Gurgaon (GLIM-G) is a very young business school that has established itself as a credible brand in a short period of time. Today, GLIM-G has become an aspirational destination for students and faculty from across the country, looking to add to their professional skills and career journey, respectively. The number of applications for the 2-year PGDM programme has gone up by nearly five times, from around 3,000 in 2018 to over 14,000 in 2023, owing primarily to our constant emphasis on value-added quality education. All facets of the academic cycle, from admission to curriculum development, to delivery of the courses and up to placements are administered diligently with an eye to delivering bestin-class quality. The credentials of the school are based on student and faculty satisfaction, which comes from an environment that fosters excellence in all aspects of learning, intellectual development and career development. Quality of faculty becomes a key prerequisite for building up credentials of a business school. GLIM-Gurgaon boasts of a faculty cohort that any B-school would be proud of. Moreover, placements is a critical issue for students in business schools in India. The placement re- “ALL FACETS OF ACADEMIC CYCLE ADMINISTERED DILIGENTLY” B-SCHOOL SPECIAL DIRECTOR SPEAK By Meha Mathur
16 December 2023 | B W BUSINESSWORLD | 159 universities in the region, as also with leading policymakers. It is very important that the students of the B-school have exposure to industry experts. Being located in the industrial hub, sessions by senior industry executives are held regularly along with visits to nearby factories and corporate offices. This also helps students to obtain live projects from industries, to complement their classroom learning. How has physical infrastructure and faculty strength been augmented? GLIM-Gurgaon is a residential campus, beautifully landscaped and aesthetically designed. Over the last five years, the intellectual growth of the institute has been amply supplemented by an equivalent increase in infrastructure capacity, from 1.43 lakh sq. ft. to 2.50 lakh sq. ft. Starting with two hostel buildings, the institute now boasts four state-ofthe-art hostel buildings with sufficient capacity to accommodate 900 students. The institute has always prided itself on its high-quality faculty members. Today, we have a highly qualified faculty cohort of 23 members. In 2018, our average faculty research output used to be less than 0.5; as of 2022-23, our average research output has been 2.3 per faculty, and more importantly, most of the publications are in B and A category peer-reviewed journals, including in FT 50 journals. What impact will the increasing penetration of AI and disruptive technologies have on management education? New technology disruption has been and will continue to impact individual lifestyles as well as the business world. It is important for a business school to be agile to adopt new technology and rise to the occasion by developing a dynamic curriculum that can address such disruption. The institute has been a pioneer in introducing courses in cutting-edge areas such as analytics, internet business, artificial intelligence & machine learning, cloud computing etc., which significantly impact the future of businesses. cord of GLIM-Gurgaon has always been very impressive, reinforcing our ability to attract good quality of students in the programme. What have been the challenges in this journey and how has the institute overcome those? The main challenge has been to attract faculty with excellent credentials. Today the academic community in India recognises GLIM-Gurgaon as one of the best young B-schools, committed to provide an environment of research and teaching in addition to providing attractive remuneration and service conditions. While placement of students will continue to remain a challenge for every B-school, GLIM-Gurgaon has a full-time team of professionals that has not only negotiated these challenges with success but is also ready to meet the increasing expectations of the students in the future. What are the locational benefits of your institute, and what impact has the institute created in the region? GLIM-Gurgaon is located in the National Capital Region (NCR), in the industrial hub of Gurgaon. This provides us with significant locational advantage, as we are able to interact with academicians from across B-schools and
160 | B W BUSINESSWORLD | 16 December 2023 Subir Verma, Director, FORE School of Management, talks to BW Businessworld about the legacy of B-schools, challenges and AI in management studies How you are carrying forward the legacy of B-schools in India? We are at a very exciting time in India for students, faculty and for the Indian educators. Industry has been changing, management knowledge over time has evolved and the context has become more challenging. I think this has enabled all of us to use technology and ensure education becomes more immersive, practice-based and relevant. We see tremendous change in terms of our course curriculum, content and pedagogy. What are the biggest challenges that B-schools are grappling with? The first challenge is that technology has brought in new ways of learning. Today, we have to combine both online and offline education. This kind of right combination is required to provide students flexibility and also choices in choosing courses and specialisation. We have various ways and means by which we can combine in-class learning with out-of-class learning. The other change is in our courses; our courses now have to enable our students and our graduates to become more competent in managing situations in a technology-determined industry. That means courses like artificial intelligence, machine learning, cyber security, blockchain and data analysis are must-do courses for all the stu- “AI WILL MAKE EDUCATION MORE PRODUCTIVE AND EFFICIENT” By Himanshu Ojha “Teaching in the form of experiential learning activities, and also in the form of theatre has become very important for the pedagogy. So, infrastructure space has become important for the student – not just in the classroom but the social space” dents, irrespective of their specialisation. How do you see the role of artificial intelligence in management studies? AI in management studies is all about movement towards making organisations and individuals more productive and efficient. The challenges it has thrown are in the spheres of inclusivity and equity. We need to be alert about mindless adoption and applications of AI. We need to be aware of advantages in terms of productivity and decisionB-SCHOOL SPECIAL DIRECTOR SPEAK
16 December 2023 | B W BUSINESSWORLD | 161 context of the business and also application of the domain knowledge. How do you see the infrastructure changes happening in B-schools? Almost all B-schools have become more technology-enabled. And we have to provide immersive experiences. Usage of games and simulations has become very important. Teaching in the form of experiential learning activities, and also in the form of theatre has become very important for the pedagogy. So, infrastructure space has become important for the student – not just in the classroom but the social space where they can learn from each other. making but we also need to be very careful of how we are applying it. And that can happen only in settings that educational institutions provide. What are the expectations of industry from B-schools? Expectations of industry from B-schools have changed over time. Now, the industry people want students to come straight away from the classroom and start applying whatever they have learnt, or start unlearning whatever they have learnt and learn new skills that are more relevant and applicable in the corporate setting. They want a more finished product who knows how to use technology, a product that has awareness of both Photograph by Naval Kishor
162 | B W BUSINESSWORLD | 16 December 2023 K.S. Venu Gopal Rao, Director, ICFAI Business School, Hyderabad, describes how the institute is moulding its curriculum in the midst of changing tech landscape What are the current thrust areas at your institute? ICFAI Business School (IBS), Hyderabad is a popular destination for aspiring students who wish to pursue careers in management. In the near three decades of its existence IBS Hyderabad has trained more than 20,000 students who occupy senior roles in industry and businesses. The continued success is a proof of its adaptability to changing business dynamics. The areas of thrust too change with time. The current thrust areas of the institute are… 1. Changing curricula that reflects the needs of industry. Inputs for these changes are captured from a systematic assurance of learning process. 2. Thrust on experiential learning in many courses. Faculty continue to look for innovative approaches to teach and train students. 3. Investments in technology upgradation, access to digital resources, adoption of hybrid and online teaching modes for flexible learning. 4. Standardised coverage of curriculum and uniform assessment pattern in all multi section courses. 5. Laser like focus on students, providing specific inputs for placement readiness from Year 1 of the MBA programme. 6. Active involvement of alumni and recruiters in student mentoring and training. “BIGGEST CHALLENGE IS TO SURVIVE DISRUPTIVE FORCES OF TECHNOLOGY” “The lead time between theory and practice has not been bridged. More often, text books are outdated. Student skilling needs active industry collaboration which is a challenge for many business schools” By Meha Mathur 7. Encouraging faculty to pursue sponsored research projects through attractive incentives. 8. Hiring faculty with a Phd degree and good research record. 9. Emphasis on societal impact, sustainability, governance and ethics, entrepreneurship. 10. Expanding the portfolio of recruiters for campus placements. How will AI impact management education and what is your institute’s approach to disruptive technologies? AI can provide personalised learning experiences based on a student’s interests, abilities, and learnB-SCHOOL SPECIAL DIRECTOR SPEAK
16 December 2023 | B W BUSINESSWORLD | 163 (cloud, adaptability and flexibility, problem-solving ability, collaboration skills and leadership skills.) At IBS, students learn beyond the classroom through formal and informal engagement by faculty, student groups and alumni. Curricular and extra-curricular activities provide suitable learning opportunities to imbibe several qualities and skills. Students learn by attending lectures by industry executives and alumni. They are encouraged to work in teams, participate in group projects, visit industry exhibitions, attend conferences and conclaves and take part in national sports competitions. What are the biggest challenges before B-schools today and what solutions would you suggest? The biggest challenges before B-schools today is to adapt and survive the disruptive forces of technology. The Covid pandemic has created a plethora of alternatives for flexible and hybrid learning. Students need not take a conventional approach and fixed time frames to learn. Adapting curricula to changing industry requirements is the second biggest challenge. The lead time between theory and practice has not been bridged. More often, text books are outdated. Student skilling needs active industry collaboration which is a challenge for many business schools. There is no immediate solution for this. Getting trained faculty is the third biggest challenge facing B-schools. Many business schools continue to face this crunch despite providing the best working conditions. This can only be resolved by a concrete concerted action by government and private education sector participation. Industry-academia gap continues to widen. This is the fourth biggest challenge. This could be due to a variety of uncontrollable factors. Government can mediate and motivate both industry and academia to actively collaborate for hiring faculty on short-term industry assignments, promotion of joint research, hiring of industry professionals in academia on sabbaticals/ as professors of practice. ing style. This can help students learn at their own pace and get help where they need it most. Such diverse abilities of AI can map the student’s competencies with the job role he/ she is interested in. As such AI will complement regular classroom instruction. IBS will invest in relevant AI tools and technologies. The institute is well aware of the rapid changes taking place in the tech landscape such as the widespread adoption of AI in businesses. These developments need trained manpower which only educational institutions can provide in large numbers. IBS has been at the forefront of taking the lead and has taken steps to launch courses in AI in the MBA programme. What are the changing expectations of corporate world and industry and how are you meeting those expectations? Industry expectations are changing with the rapidly evolving technological landscape. IBS, being a pioneer in management education has always responded to such changes well in advance. Students should possess qualities like cognitive flexibility, good interpersonal skills, analytical and critical thinking, comfort with digital technologies, automation tools and virtual environments
164 | B W BUSINESSWORLD | 16 December 2023 Programmes helping students understand and use technological advances for social causes could be a game changer NDIAN PREMIER institutions have always been cognizant of the changing business landscape. Unlike international requirements, higher education in India is judged primarily based on student placement records by the market; due to this reason, most institutions in India have inherently worked towards catering to the needs of the rapidly changing business environment. International ranking and recent participation by most Indian institutions in such ranking and accreditations is a testament that the institutions in India are on par with the best in the world. This is despite the low or almost no endowments or research support that the Indian institutions, especially the private institutions get. There is no doubt that with the government emphasising the implementation of the National Education Policy (NEP) there will be a push to skill-based and specialised curriculum. The competition is bound to increase by allowing foreign universities to set up campuses in the country through GIFT City in Ahmedabad. This clubbed with the market demand and unprecedented social, environmental, and economic challenges, will drive the need to emphasise specialised programmes. It is pertinent that educational institutions focus on developing programmes that have a deep functional focus that aligns with the student’s goals and purpose. The specialised programmes should have social and business FUTURE OF SPECIALISED PROGRAMMES IN INDIA By Githa Heggde I “The specialised programmes should have social and business immersive exposures. Flexible learning pathways with multiple specialisation opportunities will be the differentiator” immersive exposures. Flexible learning pathways with multiple specialisation opportunities will be the differentiator. The trends that one needs to look out for are in the areas of: Technology advances such as Generative AI and immersive technologies: Opportunities in this space for problem-solving are unimaginable. Incorporating technology-focused courses ensures students have a solid foundation in digital skills, data, and analytics tools. Another area to reckon with is a large language model (LLM) that uses deep learning techniques and massively large data sets to understand, summarise, generate, and predict new content. Programmes helping students understand and use such technological advances for social B-SCHOOL SPECIAL DEAN’S DESK
16 December 2023 | B W BUSINESSWORLD | 165 their careers. G overnance and change management: While the industry emphasises ESG, programmes that will give a view to manage the rapidly changing social, economic, and environmental landscape and the need for sustainability will be soughtafter. These frameworks that include key elements around environmental and societal impact and how governance structures can be amended to maximise stakeholder well-being will be the ask. Customised and interdisciplinary programmes: With the move towards super personalisation, programmes that facilitate flexibility and customisation that are holistic and interdisciplinary will be an excellent pathway for growth. Programmes that are taught collaboratively across one or more disciplines and may straddle two or more faculties will allow the students to create their own individualised majors. Integrated and immersive programmes: Learning will be enhanced if the courses and deliverables are made practical. Immersive and field-based programmes, integrating and fasttracking programmes would be the need for the future. MICA, in keeping with the legacy of its foundation has been ahead of the curve with respect to fulfilling the industry’s demand. Here the programmes are constantly evolving, and the contents are updated to meet the challenges of society, the economy, and the environment. They incorporate technology, emphasise soft skills, foster a global perspective and leadership skills, instil innovation and entrepreneurship, and address sustainability. We constantly strive to stay ahead of these trends, which is essential for organisations and ambitious professionals to remain competitive in an ever-changing corporate climate. The author is Dean, MICA, founded in 1991 by the Mudra Foundation causes could be a game changer. Leadership skills and communication: Programmes and activities that improve empathy, team, and leadership skills with the ability to communicate and narrate effectively will gain prominence as we embrace technological advances. Effective communication enhances the leadership deliverables. Communication helps managers to perform their jobs and responsibilities. Communication serves as a foundation for planning. The differentiator would be the ability to narrate large data sets in a way that is easily consumed by the target audience. Programmes that develop ‘golden brains’ that juxtapose both the right and the left brain, storytelling with the correct data. Empathetic leadership and communication solutions to the industry, government, and community will continue to be in demand. Entrepreneurship and creative talent: An outstanding entrepreneurial mindset with a creative twist to handle issues will help students achieve their unique goals. Specialisation in such areas will be futuristic and in high demand. The ability to assess business and social opportunities and transform them into new ideas to improve can take graduates to newer heights in
166 | B W BUSINESSWORLD | 16 December 2023 Cricket commentator Harsha Bhogle studied at IIM Ahmedabad in 1983-85 and worked in advertising before making his mark as a cricket commentator. He describes the ethos then as well as the change that has come about, in a chat with Meha Mathur I IM Ahmedabad has an aura and that aura has grown as the economy has liberalised and the industry has grown. With this, management education, especially a degree from IIMA has become more aspirational. It was a different time when I was a student. Everyone came by train, we didn’t have attached toilets. But for me, spending two years at IIMA remains my single greatest high. Entrepreneurship was unknown. Getting a job after a degree from IIMA was the biggest aspiration because most of us came from single-income families. A few years ago when I went back to the campus, students were complaining about lack of parking space. It was a big eye-opener for me. Learnings Studying finance, accounts, supply chain, HR, marketing, advertising, sales and so on, we started looking at situations from a very different perspectives, rather than from a purely engineer or supply chain perspective. We got to understand the importance of all functions in a company. And the peer interaction is outstanding. People come to B-schools driven by individual ambition but the world they are going into is driven by the ability to be a part of the team. I hope students realise quickly that beating the boy or girl next to them will not determine their success in life. B-school is such a beautiful immersive experience. I would urge the students to live that experiTHE TRUST THAT IIMA PLACED IN ME WAS PHENOMENAL B-SCHOOL SPECIAL ALUMNI TALK ence, enjoy it to the 100 per cent, at the same time give your subject 100 per cent, and your relationships 100 per cent. On diversity of thinking at B-schools An elite B-school education cannot imprison you; it has to liberate you and show you a much wider world. We sometimes run the risk of being imprisoned and thinking in a certain way. In my case, it wasn’t true because I did not have a career plan. I was in the mind-frame of experimenting. Also, I could experiment because we had two incomes. And, backed by IIMA degree, I could get back into advertising if I wanted to. But what IIMA did for me was give me a lot of confidence. It made me a survivor from a happy-go-lucky person. I was taken aback by the quality of people around me. So I became a survivor and ambitious. The most memorable experience Meeting Anita (his batchmate and wife) at IIMA was the biggest influence on my life. I will forever be indebted to the institute for that. Also, the trust that the institute placed in the student was phenomenal. I did not do my second terms exams in 2nd year. When I returned from holidays, each professor set me a question paper and told me to leave the answer sheet on the table at the end of three hours. There was no invigilator. That trust meant a lot to me. That trust placed a responsibility on me. So, exactly at the end of three hours I put the answer sheet and walked away.
16 December 2023 | B W BUSINESSWORLD | 167 Nestled in the heart of Hyderabad, the Institute of Public Enterprise (IPE) stands as a beacon of excellence in the realm of management education. Established in 1964, IPE has demonstrated a consistent commitment to evolution, aligning itself with the dynamic needs of both the educational landscape and the industry it serves. IPE, as a premier BSchool, distinguishes itself through its NIRF ranking, under the aegis of ICSSR, MoE, and GoI, offering AICTE-approved PGDM programmes recognised as equivalent to MBA by the Association of Indian Universities (AIU). With SAQS accreditation and consistent rankings among India’s top BSchools, IPE has become a name synonymous with excellence.IPE’s PGDM programmes cover a spectrum of specialisations that include Post Graduate Diploma in Management, Banking & Financial Services, International Business, Marketing Management and Human Resource Management. What sets IPE apart is its commitment to providing management education has resulted in consistently high placement rates, with graduates sought after by leading companies. Corporate giants and consulting firms regularly recruit from IPE, offering competitive packages with CTC reaching as high as 24.75 LPA. 4. Faculty and Board of Governors: The dedicated faculty at IPE, that includes experts in their respective fields, plays a pivotal role in shaping future leaders. The Board of Governors includes renowned Policymakers, Industry Leaders, Academicians, and Start-up Promoters, led by K. Madhava Rao, IAS (Retd), Former Chief Secretary and Election Commissioner, Govt of Andhra Pradesh. 5. Modern Infrastructure: Spanning 22 acres in Shamirpet, Hyderabad, IPE’s campus is equipped with modern buildings, high-quality IT facilities, and well-equipped hostels for both genders. The tranquil academic environment fosters a conducive learning atmosphere. 6. Diverse Programmes for Tomorrow’s Leaders: IPE’s diverse management programmes aim to mould students into leaders of tomorrow. that transcends conventional boundaries. Key Pillars of IPE’s Excellence 1. Quality-Centric Approach: IPE’s PGDM programmes are crafted to leave a lasting impact on multiple stakeholders, adhering to the highest standards at local, regional, national, and global levels. The programmes extend beyond academic and intellectual benefits, aiming to influence societal, business, and regional ecosystem activities. 2. Management Development Programmes (MDPs) – Training for Executives: With 59 years of experience, IPE has conducted nearly 1300 MDPs, training around 46,000 practising managers. This demonstrates IPE’s commitment to executive education, providing short-duration programmes that have benefited senior government officers. 3. Upward Trend in Placements: IPE has forged robust relationships with a diverse range of industries. Students undergo a mandatory two-month intensive internship programme, exposing them to industry experts and enhancing their skills in areas such as business communication, aptitude, and personality development. This commitment key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd Institute of Public Enterprise (IPE): Shaping Leaders and Innovators for Tomorrow's World Hyderabad’s Premier Management Institution sets the standard in quality education
168 | B W BUSINESSWORLD | 16 December 2023 As a danseuse, what was the objective with which you joined IIMA and how did it help you? I joined the IIM because my father and I shared a dream of starting public sector organisations that delivered basic amenities to the most marginalised Indians in health, housing, education, livelihood. The plan was that once I finished, papa would retire from the government and we would set off on our dreams. Unfortunately, he died the day before I took my entrance exam. I had no intention of a career in the performing arts at that stage and till several years later. What were the challenge areas for you? The biggest challenge was just coping after papa’s death, in an institution where our dreams had been centred -- joint dreams. Coping in a situation where I was having a nervous breakdown and where everyone thought I was stupid and had been taken on charity. Learning to breathe and walk again. Coping with the void within, in an environment that reeked of my father. Coping with professors like Kamala Choudhary, who gave me a D when I deserved a C because, “I B-SCHOOL SPECIAL ALUMNI TALK don’t trust myself to be impartial”, thereby putting me in a position where I scraped through the first year, barely. What have been the biggest learnings from BSchool experience? B-schools need to teach ethics and what is right and wrong. If the moral compass is missing, we end up with senior managers and entrepreneurs willing to bend every rule, destroy the environment and think only profit. Tools without the moral compass lead to an ugly world. Too many people have come out of our schools with no ideology or an understanding that profits and goodness are not contradictory. All the tools are necessary and those are what we learn. That includes the tool of thinking in a multi-layered way from many points of view. Any memorable experience you would like to share? Having many of the students who had called me a charity case come and apologise to me when, at the end of the second year, I got the ‘schol’ (scholarship). Sitting on a dharana outside Director Samuel Paul’s office to ensure that we girls got a hostel. How best to utlilise your time at a B-school? Learn, absorb, make life-long friends. Develop a sensitivity to a world where you can make a difference. Don’t only think bank balance. Life is so much more. Would you say that B-schools nurture individuals to be all-rounders, and sensitive to diversity and sustainability? No, unless they have changed radically in the last decade. Our world has become even more selfish and uncaring of others and the planet. The positive aspect is that in spite of the cut-throat competition that is taught, there are young people wanting to be caring, wanting to use their education to shift the paradigm. meha.mathur@ businessworld.in Renowned Dancer Mallika Sarabhai, daughter of renowned Indian nuclear scientist Vikram Sarabhai, did her MBA from IIM Ahmedabad in 1970s. She talks about the objective behind joining the B-school, and learnings from there By Meha Mathur “BIGGEST CHALLENGE WAS COPING WITH THE VOID WITHIN”
16 December 2023 | B W BUSINESSWORLD | 169 T he traditional boundaries of work that include — physical work areas, set schedules, and geographic limitations — have been scrapped by many organisations during and after the COVID-19 pandemic, the onset of a wave of technology, forces of globalisation, and the emerging gig economy. In place of the old paradigm, work is being driven by new thought processes, Web3 and generative AI technologies. These cataclysmic changes fuel a new work model — a world that does not sleep, a boundaryless ecosystem of collaboration that straddles nations, time zones, and cultures that collide in the workplace as diversity grows. The incumbent generation’s seismic transformation rests on four pillars: 1. The improvement of productivity through artificial intelligence 2. The introduction of new business models and frameworks 3. An incoming generation of young workers who are at the cusp of the digital Programme pedagogies rest on insightful case studies, insightful lectures, internships and an international tour that promotes cultural assimilation. Eventually, we would like our students to have sustainable and brilliant careers in a competitive environment. However good the complex infrastructure is, what drives learning is the quality of faculty. The school has worked assiduously in attracting great professors of practice and scholarly professors, both dedicated to student learning and wellbeing. The school measures its success in terms of knowledge creation and dissemination. Research is an essential activity in which the faculty occupies themselves, leading to the creation of fresh management knowledge. By embracing futuristic technologies and innovations, we are confident that we will be able to provide our students with the necessary skills and competencies to address change and build great careers or even develop into successful entrepreneurs. not only the technological capital of India but also one of the world’s startup hubs, creating many job opportunities for young graduates. Management programmes in the B-School are driven by five elements - Creativity, Entrepreneurship, Leadership, Problem Solving and Technology. The MBA curriculum has a primary syllabus vertical with dual specialisation, surrounded by courses in quantitative techniques, public policy and foundation courses in management. It is supported by robust Industry Connect and Value-Based Education that includes many outreach activities conducted through clubs, centres of excellence and projects. Synthesised learning is accomplished through our world-class Business Simulation exercises and international certifications that students acquire away from the classroom. key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd A Changing Environment Calls for Change in B-School Education The rapidly evolving paradigm calls for new competencies. The question that arises is how do Business Schools and Management Programmes deal with these changes? What steps should every business school take to prepare students for an uncertain world where generative AI and human workforces coexist but will evolve in unknowable ways? Writes Capt. A. Nagaraj Subbarao, PhD, Professor & Dean - SCMS, Dayananda Sagar University, Bengaluru, India and real worlds, which are often blurred 4. A societal shift in the paradigm of how work is perceived and what worklife balance means? The rapidly evolving paradigm calls for new competencies. The question that arises is, how do Business Schools and Management Programmes deal with these changes? What steps should every business school take to prepare students for an uncertain world where generative AI and human workforces coexist but will evolve in unknowable ways?At Dayananda Sagar University, School of Commerce & Management Studies, Bengaluru, we are blessed to be in an international city with many advantages. Bengaluru is
170 | B W BUSINESSWORLD | 16 December 2023 WENT TO GRADUATE School of Business (GSB), Stanford for my MBA in 2005, when the Indian startup ecosystem was in a very nascent stage. I was working at Unilever India, and was very happy to work in a MNC with an aspiration to lead some large global company one day. However, at Stanford, my perspective got significantly expanded as I came across bright people from so many different sectors. For the first time, entrepreneurship was something that I got a close exposure to. This was enabled by close interactions with my classmates a bunch of whom were ex or budding entrepreneurs, classes at GSB designed around startups, the high quality of faculty and the perfect location of being at the heart of Silicon Valley. I was fortunate to get a chance to be in an ecosystem which encouraged and supported new ideas and risk taking and celebrated the spirit of entrepreneurship. This broadened my perspective and got me deeply interested in the idea of solving deep problems with new solutions. THE B-SCHOOL EXPERIENCE For any young professional thinking of a Bschool education, I feel an experience like Stanford greatly expands one’s horizon, is an opportunity for deep personal development and enables close interactions with a very diverse set of individuals. A global perspective developed in an ecosystem of high achievers helps one set their aspirations higher, and this is the main takeaway from the B-school experience. If someone has a clear idea about what he or she would like to do post MBA, then the top schools have amazingly focused resources to help develop very specific strengths and networks, and if one wants to just explore then the experience is well suited to explore as broadly as one would like — as it was in my case. As told to Resham Suhail Prashant Tandon did his MBA from Stanford University. He is CEO of 1mg, a startup in the business of healthcare products. He describes how Stanford provided an enabling atmosphere for his ideas AT STANFORD, FIRST CLOSE EXPOSURE TO ENTREPRENEURSHIP B-SCHOOL SPECIAL ALUMNI TALK I
16 December 2023 | B W BUSINESSWORLD | 171 Ramaiah Institute of Management (RIM) is an exclusive school for Business Education, driven by a vision of being a globally recognised institute that empowers leaders. A Strong Value System With a strong value system based on integrity, proactive, open to learning, innovation and having a social concern, RIM is one of the preferred institutions for quality and excellence in management education. Spirit of Entrepreneurship Part of the reputed Ramaiah Family, RIM is passionate in ensuring a transformational change in all the students. With a legacy of over two decades, RIM has secured a Diamond rating by business requirements with respect to technology and domain. The Post Graduate Programme in Management, Financial Analytics with NSE, Business Analytics with KPMG in India, and Digital Marketing have been conceptualised and curated in association with Industry experts and faculty of RIM. Post Graduate Programme in Sports Management RIM also offers a full-time one-year Post Graduate Programme in Sports Management. This programme has caught the attention of students who wish to build a career in the Sports domain and has renowned Sports professionals associated with the programme to share their expertise and trends in sports management. innovative Methods of Learning The Institute has been growing from strength to strength over the last two decades by progressively adopting innovative methods of learning. The focus has been on developing critical thinking, experiential learning and application of concepts among students. Creating Greater Industry Exposure The Institute continuously strives at creating greater industry exposure to students through internships, research projects and consulting assignments with interactions with industry experts. the QS I – gauge rating for Colleges and Universities. The two-year full-time PGDM is AICTE approved, NBA accredited and approved by the Association of Indian Universities as MBA equivalent. The spirit of entrepreneurship is kindled by the PGDM IEV (Innovation Entrepreneurship and Venture Development). The PGDM IEV is a two-year full-time programme approved by the AICTE start up Policy in association with the Ministry of Education’s Innovation Cell. Executive Education Programmes The Ramaiah Institute of Management recently launched “Executive Education Programmes” under the brand name “XCEED”. These are aimed at bridging the gap and bringing the working professionals at par with the current key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd RIM: Nurturing Leaders for a Global Tomorrow With a legacy of over two decades, RIM has secured a Diamond rating by the QS I – gauge rating for Colleges and Universities. The two-year full-time PGDM is AICTE approved, NBA accredited and approved by the Association of Indian Universities as MBA equivalent
172 | B W BUSINESSWORLD | 16 December 2023 Runam Mehta has more than 15 years of experience in the Indian healthcare industry. She spent over seven years at Portea Medical, India’s largest home health care company, before assuming her role as the CEO of HealthCube. She also ran a successful venture, Work Ergonomics. Working with Portea Medical, Mehta was advised to pursue an MBA for further career growth. She applied to IIM Bangalore’s executive general management programme (EGMP). She fell short of the eligibility criteria of eight years of work experience by six months, yet she made it on the strength of the work she had done. The programme provided her with the opportunity to apply their knowledge in real business scenarios. The MBA provided a structure, a sense of belonging and the opportunity to learn from knowledgeable professors and peers. The group work was also an opportunity to learn from different industries, allowing the trained physiotherapist to apply her knowledge into her own organisation. A Recipe For Success The importance of an executive MBA programme is to address gaps in knowledge and become a better professional, says Mehta. MBA programmes do not provide expertise but information, knowledge, and a recipe for success. However, to become an expert in a domain one to needs tohave lots of experience and understanding, she says. B-SCHOOL SPECIAL ALUMNI TALK By Harshita Das The course was very practical-oriented and entailed a lot of case studies. “The pace was very fast as much ground had to be covered in a very limited timeframe. And that’s why the experience is also critical because someone who does not have enough experience may not be able to keep up with the pace,” says Mehta. Given the rigour of the programme, commitment is extremely important. “You have to cut down on a lot of other things in your life and commit to excel. During the one year of the programme, I rarely went out for a dinner or movie. And very often I would catch on actual work. It was literally like having two full-time jobs,” she cautions. The benefits of the programme were commensurate with the efforts that she had to put in. “My one-year course gave me maybe four- or five- years’ worth of jump in career, which you can see from the fact that I became a professional CEO a few years after finishing my management programme.” She is also impressed with the spirit of entrepreneurship that is fostered at the B-school. “IIMs, and IIM-B specifically, are doing a lot to nurture entrepreneurship. There are accelerators, there is mentorship, and interactions that happen with people who have built companies within the ecosystem. They are absolutely at the forefront,” she proudly states. [email protected] “COMMITMENT AND DESIRE ARE IMPORTANT FOR LEARNING” Runam Mehta, CEO of HealthCube and a trained physiotherapist, on how a one-year executive general management programme (EGMP) from IIM Bangalore catapulted her into a different growth trajectory
16 December 2023 | B W BUSINESSWORLD | 173 Hindustan Institute of Technology and Science, Chennai established in 1985, has emerged as one of the pioneering self-financed Deemed to be University in India, accredited with A+ grade by NAAC the institution offers a wide range of Undergraduate, Postgraduate, Diploma, Research, and Doctoral Programmes, covering diverse academic fields. With Industry Specific specialisations, HITS offers specialised management programmes with a difference. Hindustan Institute of Technology and Science established the School of Management in 1994, driven by a well-defined vision – to meet the needs of the modern business world. For over 30 years, the school has excelled in nurturing business leaders, offering specialised programmes tailored to industry requirements. The institution holds a consistent position in the Top 100 B-Schools nationwide and Top 5 in Chennai across reputable B-School ranking surveys 2023 and is placed in the band 100-125 in the NIRF Management Category Ranking for 2023. The School of Management at HITS received the IMC Award for Excellence in Management Education 2022 at the 12th Indian Management Conclave held at IIM Kozhikode in 2022. HITS offers unique specialisations in areas such as Aviation Safety Management in cuses on training safety managers and is exclusively designed for those interested to pursue a career as safety managers in Airlines, Airport and other safety related professions in the aviation industry. The institution collaborates with professional bodies like NSE Academy Ltd. (NAL), ACCA, AIMA, MMA, GMR AeroTechnic, Orient Flights (a unit of HGI), and the Logistics Sector Skill Council. On the international front, HITS partners with institutions like ENAC in France for an MBA in Aviation Safety Management, Dongguk University and Korea Aerospace University in South Korea, and Moscow Aviation Institute, providing students with opportunities for internships and training. Graduates from HITS’ School of Management have secured placements in various sectors, landing jobs in well-known companies such as Indigo, Vistara, British Airways, Spice Jet, Ernst & Young, Taj Group, BNY Mellon, McKinsey, and DHL etc. This underlines the school’s dedication to preparing students for diverse and successful careers. partnership with ENAC France, Aviation, Logistics, Aviation and Air cargo Services, Digital Marketing, Hospital Management, Banking and Fintech, and an Integrated (4 Year) MBA programme. The MBA in Aviation Safety Management was launched in 2023 in association with ENAC France. HITS, in collaboration with Ecole Nationale de l’Aviation Civile (ENAC), France which is internationally recognised as the leading aeronautics and aviation university in Europe, providing a broad range of training, studies and research activities, has launched one of its kind Advanced Master’s Programme in “Aviation Safety Management”. The programme fokey out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd Nurturing Global Business Leaders at Hindustan Institute of Technology Hindustan Institute of Technology and Science (HITS) established the School of Management in 1994, driven by a well-defined vision – to meet the needs of the modern business world. For over 30 years, the school has excelled in nurturing business leaders, offering specialised programmes tailored to industry requirements
174 | B W BUSINESSWORLD | 16 December 2023 Swagat Sarangi, Indian School of Business alumnus (MBA, Marketing & Finance, 2007-2008) and Co-founder, Smytten on how he carries the wisdom gained at ISB in his entrepreneurial journey By Resham Suhail S wagat Sarangi’s MBA experience at the Indian School of Business (ISB) revealed itself as an exhilarating and enriching journey. A young bright student who is risk averse, Sarangi is currently leading his venture Smytten while navigating the uncharted territories of entrepreneurship with the invaluable lessons learned at ISB. The first lesson that resonates with Sarangi from his time at ISB is that it wasn’t just about textbooks and theories but about learning from those who had been in the trenches. The academic curriculum, coupled with real-world case studies and interactions with seasoned professionals, provided Sarangi with a comprehensive understanding of the challenges and triumphs that come with starting a business. Learning From Peers Reflecting on those transformative years, Sarangi states, “My days at ISB were not just about textbooks and lectures, they were about immersing myself in the narratives of seasoned peer learners coming from various sectors. It went beyond traditional education; it was an expedition into the pulse of learning.” One invaluable piece of advice that Sarangi wants to convey is not to over-analyse. The intricate web of business decisions and strategies can often lead to a paralysis of analysis. This mantra of avoiding over-analysis can help one to navigate the complexities of entrepreneurship. Sometimes, A NARRATIVE OF GROWTH B-SCHOOL SPECIAL ALUMNI TALK the best way to learn is by doing. Sarangi further mentions that one should not look only at finance or consulting jobs while doing an MBA but keep an open perspective for multiple possibilities. Beyond the confines of academics, Sarangi’s MBA experience encouraged him to see life beyond the numbers and theories. The constant push and pull between different aspects of life, from marketing and finance to operations and strategy, opened Sarangi’s eyes to the multifaceted nature of the corporate world. One of the highlights of his MBA journey was the vibrant tapestry of group conversations. Engaging with peers from diverse backgrounds with rich interests and varied perspectives was like stepping into a microcosm of the global business landscape. It was in these collaborative settings that Sarangi learned the art of effective communication, negotiation, and the power of diverse thought. In conclusion, Sarangi’s MBA journey at ISB was not just an academic pursuit, it was a transformative experience that equipped him with the skills, mindset and network needed to thrive in the world of entrepreneurship. Sarangi says, “As I embarked on my entrepreneurial journey, I carry with me the wisdom and experiences gained at the Indian School of Business. It wasn’t merely a degree, it was a narrative of growth, a compilation of lessons that transcended textbooks.” [email protected]
16 December 2023 | B W BUSINESSWORLD | 175 I SSM Business School is headquartered in Chennai and has a branch at Hyderabad. It is a 16 Years Young Prestigious Institution that focuses on Management Studies and aims to Educate, Empower and Excel as the future leaders in the field. The school provides a serene environment, holistic education and knowledgeable faculty members to foster the development of innovative and creative managers for tomorrow. The primary goal of ISSM is to produce top-notch Managers and Executives, who can thrive in a Globalised Business Environment. A sought-after option The institution is dedicated to becoming the foremost and most sought-after option for Indian managers looking to advance their careers and to position itself as a global contender among the world’s pre-eminent management institutes. In pursuit of its lofty mission, ISSM presents an intensive two-year Industry Integrated MBA programme that includes specialised tracks in Marketing, Finance, Operations, Systems, and Human Resources. This meticulously crafted programme is strategically developed to elevate and foster the proficiencies of every student across a wide spectrum of competencies. ISSM Research opportunities. Each year, ISSM Business School introduces new courses and course modules to stay ahead of the curve and ensure that students receive the Education, Support, and Training required to succeed in leadership roles. Graduates of ISSM Business School, whether working in India or abroad, are prepared to serve as ambassadors of positive change. In conclusion, ISSM Business School is dedicated to empowering Future Leaders in the corporate world by equipping them with the necessary skills and knowledge to succeed in today’s globalised business environment. Guided by the principles of Trust, Honesty, and Excellence, ISSM Business School is well-positioned to shape the next Generation of Leaders. upholds the values of Trust and Self-Assurance, Honesty and Transparency, as well as Excellence and Perfection. Collaborative learning The institute places a strong emphasis on Collaborative Learning, Expert Leadership, and Close collaborations with industries to provide a unique blend of Education, Training, and key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd The school provides a serene environment, holistic education and knowledgeable faculty members to foster the development of innovative and creative managers for tomorrow. The primary goal of ISSM is to produce top-notch Managers and Executives, who can thrive in a Globalised Business Environment Empowering Future Leaders: ISSM Business School's Commitment to Excellence and Innovation in Management Education Dr. Parkavi Mahalingam, Founder & Managing Director, ISSM
176 | B W BUSINESSWORLD | 16 December 2023 deconstructing jobs into skills and the value of talent is defined by the skills they bring to the table. At HUL, our standards of leadership (SOL) embody the leadership mindsets and behaviours that we expect from our employees and hence form the bedrock of what we seek in candidates. The key SOL elements are growth mindset, consumer and customer focus, bias for action, accountability and responsibility, and the ability to be talent catalysts. Over the years, we have set up a robust leadership training infrastructure and a lifelong learning culture to embed and strengthen these SOLs amongst our talent pool. Apart from the SOLs which are core competencies, we’re constantly on the lookout for differentiators ans new-age skills that add to our diversity and bring an edge to our business - data science, cognitive flexibility, digital acumen, and creative problem solving to name a few. We’ve also been finding the right balance between buying versus building skills and constantly finding avenues to invest in building talent for niche business areas. HUL recently announced ‘digital commerce’ as a new UFLP specialisation in addition to conventional customer development/marketing careers. This was a first by any FMCG company. The selection was done through an online masterclass and a rigorous simulation which resulted in a ‘Digital Readiness Index’ (DRI) for the top 250 students across the country and was used to pick the top eight digital commerce trainees as an exclusive highly aspirational talent pool. B-schools play a crucial role in preparing the next generation of leaders, says Anuradha Razdan, Executive Director HR, HUL & CHRO, Unilever South Asia By Krishnendra Joshi How should the role of business schools evolve to keep pace with the rapid advancements in technology? The World Economic Forum reports that 25 per cent of the jobs will be reshaped, either disappearing or getting morphed into something else by technology. Forty-five per cent of the current skill sets will change. B-schools play a crucial role in preparing the next generation of leaders to thrive in this ever-changing environment. A strong emphasis on digital literacy needs to be incorporated into their curriculum. This includes teaching students not only theoretical concepts but also practical applications of emerging technologies like AI/ML, data analytics, and blockchain. This can also be achieved by enabling partnerships with the industry to provide live exposure to real-world business challenges to the students. It is also crucial to understand that technology is not isolated from other business functions, and students should be able to understand how these advancements intersect with areas such as marketing, finance, operations, and human resource. How does HUL balance traditional leadership competencies with a focus on new-age skills to build its talent pipeline? With a legacy of producing more than 500 CXOs for India and the world, HUL is known to be a ‘leadership factory’. We are in the future of work with skills as the new currency. Organisations are DIGITAL LITERACY A MUST-HAVE REQUIREMENT IN B-SCHOOL CURRICULUM B-SCHOOL SPECIAL HR TALK
16 December 2023 | B W BUSINESSWORLD | 177 frameworks in their programs. Practical application of data analysis through projects and case studies can further enhance this skill. Social Responsibility — The changing landscape places a heightened emphasis on corporate social responsibility and sustainability. B-schools can address this demand by integrating courses on ESG, ethics and CSR into their curricula. How can B-schools collaborate with industry players to ensure graduates are job-ready? With the next decade poised to be the India growth story there is a heightened need for the youth of our country to become future-ready, we must visualise the skills and competencies architecture and prioritise the need to enable MBA graduates to meet the challenge of today and tomorrow. B-schools hence should invest time to restructure, realign, and better adapt to the rate and scope of change. There needs to be a definite shift in pedagogy to offer students higher industry interfaces and practical application-based assignments. Establishing industry advisory boards made up of experienced professionals can help B-schools review and align their programmes with current industry needs. [email protected] We are in the future of work with skills as the new currency. Organisations are deconstructing jobs into skills and the value of talent is defined by the skills they bring to the table How has the changing FMCG sector impacted the skills you seek in potential employees, and how do you think B-schools can address these demands? The FMCG sector will see a shift in the channels of prominence – by 2030 general trade contribution will shift from 70 per cent to 55 per cent in 2030, making it imperative for organisations to develop a digital ecosystem and invest in acquiring and building digital capabilities. Digital — In an increasingly digital world, having a strong foundation in digital literacy is essential, to leverage technology for advantage in unique and innovative ways and carefully analysing data. B-schools can address this demand by integrating courses that focus on digital literacy, data analytics, and emerging technologies into their curricula. They can also look at introducing STEM-embedded MBA programmes that bring the best of both worlds in the form of new-age courses in management science, business analytics, statistics and product management, people analytics, etc. Data-driven decision-making — With the abundance of data, the ability to derive meaningful insights is paramount. We seek employees who can make informed decisions based on data analysis. B-schools can contribute by emphasising quantitative skills, statistical analysis, and decision-making
178 | B W BUSINESSWORLD | 16 December 2023 While training students for the challenges of tomorrow, B-schools must recognise the diverse aspirations of individuals and organisations says Vinay Razdan, CHRO, HDFC Bank I n the ever-evolving landscape of business education, where technology and modern workplaces have redefined the way individuals approach learning, the journey from classroom to boardroom is now met with modern demands. Vinay Razdan, CHRO, HDFC reminisces about the time when pursuing post-graduation was a natural progression for graduates, offering a chance to dive deeper into their chosen fields. Management schools, including XLRI, were more receptive to fresh graduates entering postgraduate programmes. More than three decades later, many institutions seek candidates with work experience. The rationale is straightforward. Work experience on a candidate’s resume primes him to leverage his two years at B-school in a more pragmatic and productive manner, enabling him to connect the dots between theory and real-world application. The Contrasting Paradigm Reflecting on his B-school journey at XLRI, Razdan shares insights into the challenges faced by a sea of graduates more than three decades back. The mid-80s was a time when the Indian economy was relatively young and the stride towards globalisation was still a few years down the line. Job opportunities were limited with a sea of graduates vying for them. “B-SCHOOLS SHOULD ADAPT TO CONTEMPORARY BUSINESS TRENDS” B-SCHOOL SPECIAL HR TALK By Krishnendra Joshi and Savi Khanna Despite the dismal job scenario back then, the B-school curriculum at XLRI equipped students with a diverse set of skills and competencies to test the real-world opportunities and ace them with flying colours. The XLRI model of management education was well integrated with field visits and internships even back then. Collaboration with Tata Group of institutions meant a winwin situation for management graduates and also enabled XLRI to narrow the gap between academia and industry. Challenges And Opportunities Fast forward to 2023, the Indian economy is showing resilience amidst a global recessionary climate. The general business reality in today’s times is conservative with an intent to roll back projections. Add to that, the tech revolution that has potentially transformed the way businesses operate. The elixir of generative AI has made businesses reassess and realign their operational and workforce requirements. When ChatGPT was launched, experts anticipated that it would replace routine and administrative jobs but generative AI’s capabilities are also maturing fast enough to aid top-level decision making. For an HR manager who is perceived as averse to technology adoption, the question of upskilling and workforce reskilling has ruled the roost. While businesses have been taking meas-
16 December 2023 | B W BUSINESSWORLD | 179 ures to make their workforce future-ready, how should B-schools make the prospective job seekers ready in today’s hyper competitive and tech-driven environment? Razdan addresses the current challenges and opportunities in business education. “Business schools need to be receptive to adapt to contemporary business trends and stay relevant”, he says. Not just B-schools, the industry stalwart has a piece of advice for management students to navigate the business ecosystem that is undergoing a flux in today’s VUCA world. “In an era of rapid disruptions and volatility, individuals must carefully consider their choices and give themselves the time needed for meaningful achievements. The concern lies in the temptation to experiment hastily and move on too quickly potentially missing out on valuable opportunities”, he says. Workforce Driven By A Strategic Mindset While training students for the challenges of tomorrow, B-schools must recognise the diverse aspirations of individuals and organisations who have varying expectations. A pro tip that never goes out of fashion is to align career choices with personal strengths and the organisation’s culture. “Despite the complexities of the modern world, the priorities never change. Focusing on increasing the top line, managing costs, and delivering a robust bottom line remains fundamental. Organisations are increasingly open to young talents bringing innovative ideas to the table making it a case-by-case consideration,” says Razdan. In the new paradigm of work, accelerated by technological advancements and business disruptions, B-schools must prep a workforce that has a blend of intellectual rigour, laced with emotional intelligence, and driven by a strategic mindset. As individuals navigate the complex landscape, their ability to simplify and contribute meaningfully to organisational goals will emerge as a key differentiator in the pursuit of success. In a world where instant success stories abound, Razdan places emphasis on a resilient and spiritual mindset to maintain perspective and sail through career challenges with elan. “In an era of rapid disruptions and volatility, individuals must carefully consider their choices and give themselves the time needed for meaningful achievements. The concern lies in the temptation to experiment hastily and move on too quickly, potentially missing out on valuable opportunities”
180 | B W BUSINESSWORLD | 16 December 2023 educated to develop the right mindset as they step their foot into the industry. Just as all the fingers in a hand are not equal, not all B-schools have the wherewithal to sensitise and prepare students for the organisational citizenship. A few B-schools connect with the industry and understand the changing paradigms and needs of the industry today and build these aspects into the curriculum design with the help of industry experts. Yet another issue is B-schools themselves may suffer from similar ills as the corporates in not being as diverse and inclusive themselves. What has been your experience in this regard? And what is your organisation’s approach to sensitisation of newcomers? ESG is still in its initial decade of launch and while the larger multinationals, Fortune 100 firms have adopted the framework, there is still a lot to be desired on all three dimensions of ESG. My experience has been mixed; having been in executive leadership roles in Fortune 500 companies, the intent to implement the ESG framework is evident right from top down. The challenges lie in the implementation as majority of the companies have not yet found a reliably effective way of measuring the ‘intangible’—the cultural nuances of inclusive workplace or not. Yet another indicator could be the ‘culture of silence’ in contrast to the ‘speak up culture’ with no retaliation which encourages multiple and divergent voices; not necessarily only the Kiranmai Dutt Pendyala, Corporate Vice President, Human Resources, UPS, a Fortune 100 world leader in supply chain and logistics, explains the perspective of human resource managers while inducting B-school graduates, as well as the need to focus on ESG and diversity in B-schools Diversity and ESG are important agendas in the industry today. Do B-schools sensitise their students adequately on these issues? And do you think that B-schools are diverse enough? Diversity and inclusion has been gaining increased attention in the business world and becoming a more prominent aspect of Environmental, Social and Governance (ESG) considerations. Diversity, equity and inclusion is a movement that uses education to recognise and address how power, privilege, and society affect our personal identities. It also works to ensure equal employment opportunities within companies, as well as recognising differences in backgrounds, cultures, skills, and perspectives. ESG is a way of measuring potential risks or issues caused by companies which helps investors and other stakeholders to decide if a certain company is worth investing in. In other words, it is a reputation management rating of a company on how it is performing on the relevant factors. If you can’t measure it, you cannot manage it. For example, if a company has very few or a single woman in a leadership role, or in a support functional leadership role, it wouldn’t be very beneficial for her to raise any issues/ concerns since their voice may not be heard. The same goes to any minority group member who does not feel included or represented at all throughout the company. Bschools play an important role in showcasing and highlighting these to the students as the future corporate citizens they need to be trained and “B-SCHOOLS THEMSELVES MAY SUFFER FROM SIMILAR ILLS AS CORPORATES” By Meha Mathur B-SCHOOL SPECIAL HR TALK
16 December 2023 | B W BUSINESSWORLD | 181 voices of the leaders, but those of the employees in the trenches. My organisation’s approach has been to ensure that ‘every voice matters’ and ‘we all belong’- multiculturalism has been the DNA @UPS. Sensitising our “Blazing Browns”, the new hires who step out of college campus to enter the corridors of a corporate, has been our important priority. Similarly, anyone joining UPS is brought into the fold as a UPSer listening to leaders’ podcasts, narratives, stories, anecdotes, etc. and regular interaction with peers across functions, managers, executives to bring in their whole selves to work. Open line communication, Ask Us Anything meetings across the globe bridge the gap among the various layers and levels of employees. What are industry’s expectations from Bschools and B-school graduates? Industry’s expectations have always been “If possible, get them industry ready”. B-school graduates are not only expected to be proficient in concepts and domain knowledge, but they are also expected to be able to quickly blend in and deliver with little or no lead time. In industry 4.0, the challenges and evolving dynamics of organisations need to be understood by the students, and they should be not only eager to learn but also enthusiastic to contribute to the cognitive diversity and strengthen the multicultural fabric of the organisation on the governance related matters. For example, in the banking and financial industry segment regulatory governance is a huge non-negotiable. The B-school graduate needs to be exposed to various case studies or organisations, the life cycle, the organisational health parameters of organisations, and which companies are the role models for embracing ESG framework and performing well. What would be your message to B-school grads? The B-school graduate need to have an appetite to learn, adapt, and to be always agile. Rigid frameworks, or closed mindsets will not help them succeed. Project work in an industry or taking up apprenticeship after graduating from B-school, or internships while in school, help the student immensely in understanding the relevant organisational behaviours. Openness to learning, understanding multiculturalism, embracing diversity and inclusion, and attention to details with an analytical mindset will take B-school grads to places enchanting and build enriching careers. [email protected] Openness to learning, understanding multiculturalism, embracing diversity and inclusion, and attention to details with an analytical mindset will take B-school grads to places enchanting and build enriching careers
182 | B W BUSINESSWORLD | 16 December 2023 Rajita Singh, Kyndryl India’s Chief People Officer, highlights the significance of extending internships beyond eight weeks for a more meaningful learning experience What are the changing industry expectations from B-schools, and are B-schools able to deliver those requirements? The expectations really haven’t changed. The expectations are that you are able to adapt once you join a corporate and figure out what is happening in the company and in the sector you are working in. It entails responsibility because it’s beyond scoring. In essence it’s about adaptability, understanding corporate dynamics, and collaboration. But industry’s expectation of sharing all this with academia also is not very articulate. If we take the example of technology, we say we need someone proficient in hyperscalers and so on, and an individual who’s a topper joins the company, with those expectations only to realise that not all corporates have appropriate work for them in hyperscalers. They are still required to work on fundamentals of Java / C / grid computing which is age-old. So, while the expectations haven’t changed, the expression of the expectations has to change, and better clarity brought about. When a corporate claims it is hiring on the basis of attitude, the question crops up, how do you assess attitude. There are group discussions; there are means of assessing what the students do outside of study; how well-rounded you are. The newcomers are expected to collaborate, but at the same time you “TIER-3 B-SCHOOLS MORE OPEN TO LONGER INDUSTRY EXPOSURE” B -SCHOOL SPECIAL HR TALK By Meha Mathur
16 December 2023 | B W BUSINESSWORLD | 183 fitted into another project. What are the changing aspirations of the new generation that is coming in and how are B-schools and industry catering to those aspirations? There is a lot happening in this generation on the front of social responsibility. The purpose of the work they are doing in an organisation and how it is contributing to the community is lot more pronounced now. Which is why several B-schools have also opened up entrepreneurship courses in social responsibility. And the other buzz with this generation is entrepreneurship, that is coupled with the urge to work on one’s own terms. They also emphasise financial inclusion, and how to generate wealth. The other change is tech and innovation. Technology is the way of life now, but it is important to know how to use it creatively. They are coming up with apps for social causes, like livelihood opportunities for prisoners. They prioritise worklife balance. They want to experiment. They aspire to have flexibility. Emotional intelligence and spiritual intelligence are of prime importance to them. What are B-schools doing in terms of sensitisation regarding diversity and ESG? Diversity is dealing with inconvenient other things that we will disagree with, or which will bring us together. B-schools’ approach is more of a gardener approach of cutting and pruning to offer diversity the way the industry wants. To me, the truest form of diversity is the jungle – that of balancing itself. Having said that, many B-schools have introduced diversity courses. A lot of research is also happening on presence at work, performance and other aspects of diversity, and case studies are being published. Other means are inviting faculty and guest speakers from different backgrounds, workshops and trainings, studentled organisations to share awareness, and even theatre and dance to create sensitivity regarding diversity. are expected to be a subject expert in something. So, while the industry expects all these attributes from new joinees, it might not have the right ecosystem for this new talent to thrive. You represent the industry. From that standpoint, is there really a collaborative ethos on the campuses, including industry-academia partnership for faculty being drawn from industry or students coming to industry for learning? While student internships are typically brief, meaningful engagement extends beyond eight weeks. Unfortunately, many colleges remain resistant to prolonged associations. Surprisingly, Tier-1 or Tier-2 colleges aren’t leading in this aspect. It’s the lesser-known institutions eager to enhance their standing that allow longer associations, reaping significant benefits. One B-school even revamped its curriculum to produce more well-rounded professionals after understanding the value of extended exposure. Effective learning requires repetition, challenging the norm of brief guest lectures. In a time of shrinking attention spans, ensuring deep understanding is crucial. The dilemma is whether eight weeks provide ample time for interns to truly grasp a subject or domain. In a previous role, a six-week internship was offered due to limitations imposed by a top-10 B-school. In contrast, another Bschool allowed a year-long association, showcasing a willingness to delve into foundational work. Ultimately, the responsibility of cultivating a receptive learning mindset rests with both students and faculty. How do these long internships then translate in terms of placements? When companies invest in training, the conversion rate can be between 50 to 100 per cent. Companies are quite bullish on placements after internship. It’s also a gig feeder for the companies, as they don’t have to hire consultants by the hour, and once a project is over the newcomers can be “Companies are quite bullish on placements after internship. It’s also a gig feeder for the companies, as they don’t have to hire consultants by the hour, and once a project is over the newcomers can be fitted into another project”
184 | B W BUSINESSWORLD | 16 December 2023 B-SCHOOL RANKINGS are an important resource for management education aspirants as they set out to appear for management entrance exams and wrack their brains regarding their dream institute. The choice between first-generation IIMs, second and third generation IIMs and private b-schools is not an easy one and rankings provide a reference point about the relative merit of B-schools. Like each year, team BW Businessworld commenced upon the ranking exercise months in advance. It identified 10 broad parameters and 50 sub-parameters. It invited more than 500 institutes to participate in the survey. Like previous rankings, the data for the ranking was sourced either directly from the institutes, through public records or secondary sources. A perception survey conducted among aspiring seekers, current students, alumni and recruiters, totalling 1,000 responses, was also factored in. The parameters on which the responses were sought from the institutes were: Leadership: Leadership qualities of the institute CEO/director and the governance of the institute. Faculty enhancement programmes: Measures taken by the institute to enable faculty to do research. Admission process: Stringency and transparency in the selection process of students. Curriculum and pedagogy: Effectiveness of teaching-learning process, innovations in pedagogy and frequent updation of curriculum. Industry linkages: Nature of industry linkages and outcomes; joint research projects undertaken by faculty with industry, and industry exposure given to students. Research: Infrastructure made available to faculty and students for research; publications in A, B, C grade journals. Infrastructure: Facilities in institute buildings like labs, IT-enabled classrooms, library, electronic databases, hostels, etc. Placements: The proportion of total students getting placed, average salaries, types of companies visiting the campus. Global interface: International MoUs, student and faculty exchanges and other measures to promote global outlook. ROI: Whether the outcome is worth of money spent on college. Photograph by Vactory design B-SCHOOL SPECIAL METHODOLOGY HOW WE RANKED B-SCHOOLS It is after a rigorous process commencing with collating the data from various institutes and assessing it, as well as doing a perception survey, that Team BW Businessworld finalised the rankings
16 December 2023 | B W BUSINESSWORLD | 185 T here’s a saying “Aim big and Achieve big”. Dr Purushottam believes in the saying. He aims to create his own identity in the field of management education. He also wants to get recognition as an academic leader who is a researcher, consultant and teacher. Dr Bung has published 28 plus articles in renowned journals and two books as well. He has many awards in his name. Recently Bangalore Management Association (BMA) awarded him ‘Best Academic Leader of the Year – 2022’ for his contributions in the field of management education. He is a fellow of WAPS (World Academy of Productivity Sciences) Canada and Research Fellow of IOP (Institute of Productivity), UK. Dr Bung had worked in Karnataka Law Society’s Institute of Management Education and Research for 7 years in the capacity of Professor and the Director. He was involved in all the different processes which are required to run an educational institute.He got an exposure of activities including; admissions, recruitment, research, placements, academic rigour, alumni relations, faculty empowerment, accreditations and rankings, Collaborations with industry and academia (domestic and international), etc., which helped him to go into the depths of processes involved to run an education industry. Faculty members According to Dr Bung, a leader is none other than first among equals. He believes in participative leaderwants to transform their students. At RV Institute of Management, students are put into rigorous training and transformational processes from day one. Lot of value added courses are introduced, which are demanded by the industry like; business analytics, cloud computing, IOT, digital marketing, block chain, AI and many more. And the students are also given training every Saturday where the transformation of the students are initiated in the areas of basic skills, soft skills, people skills, IT skills, pre-placement training, aptitude, health and wellness, and many more. Accreditations Dr Bung is responsible for different responsibilities including admissions, placements, strengthening alumni relations, research, consultancy, accreditations, total grooming of the students, etc. He also spoke about the recent accreditation of RVIM by NAAC with A+ grade and how they are planning to get accredited internationally and the hard work and efforts which are being put into it. Recently RVIM was rated ‘DIAMOND’ by QS-I Gauge, an international accreditation agency. This in fact is a testimony of their efforts. ship where one has the democracy to speak their mind. Being in the education industry he believes faculty members should have the freedom to express their vision, views and perspectives because they are the ultimate pillars of an educational institution. Giving autonomy and freedom to them is a hallmark of a great institution. Hybrid-Model Dr Bung believes that a hybrid model works better for an educational institution than a pure collegial model. In traditional approach, colleges earlier used to follow a collegial way. It is a way in which teachers were solely responsible for administration as well as educational/academic work. But, Dr.Bung believes that for administration work managers should be hired whereas teachers should be hired for curriculum design, teaching, research and consultancy. His emphasis is on having managers for administration work and teachers for academic related work. Rigorous training Dr Bung said the important aspect one should consider being in the institution is the way one key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd The One Who Believes He Can Achieve, He Does Dr Purushottam Bung is the current Director of RV Institute of Management, Bangalore. He has an experience of 28 plus years in academics as well as industry. He started his career as an electronic engineer and moved to entrepreneurship later in his life. He has a rich experience as an entrepreneur and later decided to join the academics out of sheer passion and interest
RANKINGS TOP B-SCHOOLS OVERALL 1 Indian Institute of Management Ahmedabad; Indian Institute of Management Bangalore Ahmedabad, Bengaluru West/ South 15 5 10 10 15 10 10 20 5 100 2 Indian Institute of Management Calcutta Kolkata East 15 5 9.8 9.8 15 9.8 9.9 20 5 99.3 3 Indian Institute of Management Lucknow Lucknow North 15 5 9.6 9.8 14.7 9.8 9.9 19.8 5 98.6 4 Xavier School of Management Jamshedpur East 14.8 4.8 9.7 9.8 14.8 9.8 9.8 19.8 5 98.3 5 Management Development Institute Gurgaon* Gurugram North 14.6 5 9.6 9.6 14.6 9.7 9.9 19.6 4.8 97.4 6 SP Jain Institute of Management & Research Mumbai West 14.6 4.8 9.6 9.6 14.7 9.7 9.8 19.5 4.8 97.1 7 Faculty of Management Studies, Delhi University New Delhi North 14.6 4.8 9.5 9.6 14.7 9.6 9.7 19.5 4.8 96.8 8 Indian Institute of Management Indore Indore Central 14.5 4.8 9.5 9.6 14.3 9.7 9.9 19.2 4.8 96.3 9 Indian Institute of Management Kozhikode Kozhikode South 14.5 4.8 9.6 9.6 14.3 9.7 9.6 19.2 4.8 96.1 10 Indian Institute of Foreign Trade New Delhi North 14.4 4.8 9.5 9.5 14.5 9.7 9.5 19.1 4.8 95.8 11 SVKM's Narsee Monjee Institute of Management Studies (NMIMS) Mumbai West 14.3 4.8 9.5 9.5 14.3 9.5 9.5 19 4.8 95.2 12 Institute of Management Technology (IMT) Ghaziabad North 14.4 4.7 9.4 9.7 14.2 9.5 9.4 19 4.7 95 13 Xavier Institute of Management (XIM) Bhubaneswar East 14.3 4.7 9.6 9.5 14.1 9.5 9.5 18.8 4.7 94.7 14 International Management Institute (IMI) New Delhi North 14.2 4.8 9.4 9.4 14 9.4 9.4 18.7 4.7 94 15 Symbiosis Institute of Business Management Pune West 14.2 4.6 9.3 9.4 14 9.5 9.4 18.7 4.7 93.8 16 Indian Institute of Management Udaipur Udaipur West 14.3 4.6 9.3 9.4 13.8 9.3 9.3 18.6 4.6 93.2 *The MDI Society is constituted by the Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India. IFCI under MoF, is one of the members of the MDI Society and nominates a member to the MDI Board of Governors. Though the MDI functions like an autonomous institution, it is controlled by the DFS, MoF, GoI Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 17 Jamnalal Bajaj Institute of Management Studies; TA Pai Management Institute (TAPMI) Mumbai; Manipal West/ South 14.1/ 14.2 4.6/ 4.6 9.3/ 9.3 9.3/ 9.3 13.8/ 13.8 9.3/ 9.3 9.3/ 9.2 18.5/ 18.5 4.6/ 4.6 92.8 18 KJ Somaiya Institute of Management Studies & Research Mumbai West 14.1 4.5 9.2 9.3 13.7 9.2 9.3 18.5 4.6 92.4 19 The ICFAI Business School Hyderabad South 14 4.5 9.1 9.2 13.5 9.3 9.1 18.4 4.5 91.6 20 Shailesh J Mehta School of Management (SJMSoM), IIT Bombay; National Institute of Industrial Engineering (Now Indian Institute of Management Mumbai) Mumbai West 13.8/ 13.8 4.4/ 4.4 9.2/ 9.3 9.0/ 9.0 13.5/ 13.4 9.0/ 9.0 9.1/ 9.1 18.1/ 18.1 4.5/ 4.5 90.6 21 Department of Management Studies (DMS) IIT Delhi New Delhi North 13.8 4.4 9.1 9 13.5 8.9 8.9 18 4.5 90.1 22 Vinod Gupta School of Management, IIT; Great Lakes Institute of Management Kharagpur; Chennai East/ South 13.9/ 13.9 4.1/ 4.2 8.9/ 8.9 8.7/ 8.7 13.3/ 13.4 8.5/ 8.5 8.7/ 8.7 18.4/ 18.4 4.7/ 4.5 89.2 23 Indian Institute of Management Shillong Shillong East 14 3.9 9 8.8 13.3 8.4 8.6 18.4 4.6 89 24 Indian Institute of Management Tiruchirappalli; Goa Institute of Management Trichy; Goa South/ West 13.8/ 13.8 3.9/ 4.0 8.8/ 8.9 8.7/ 8.8 13.2/ 13.3 8.5/ 8.4 8.7/ 8.6 18.3/ 18.2 4.6/ 4.5 88.5 25 Institute of Management, Nirma University Ahmedabad West 13.8 3.9 8.8 8.6 13.2 8.4 8.7 18.3 4.6 88.3 26 Indian Institute of Management Raipur Raipur Central 13.8 3.9 8.8 8.7 13.2 8.3 8.6 18.1 4.6 88 27 Indian Institute of Management Nagpur Nagpur West 13.7 3.8 8.8 8.7 13.2 8.3 8.6 18.1 4.6 87.8 28 Indian Institute of Management Ranchi Ranchi East 13.6 3.7 8.8 8.6 13.3 8.3 8.6 18.2 4.6 87.7 29 Indian Institute of Management Rohtak; Indian Institute of Management Kashipur Rohtak; Kashipur North 13.6 3.7 8.8 8.6 13.3 8.3 8.6 18.1 4.6 87.6 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 30 Indian Institute of Management Sambalpur Sambalpur East 13.7 3.4 8.8 8.6 13.1 8.3 8.8 18.2 4.6 87.5 31 Prin LN Welingkar Institute of Management Development and Research Mumbai West 13.6 3.9 8.7 8.6 13.1 8.3 8.6 18.1 4.5 87.4 32 School of Business, Woxsen University Hyderabad South 13.6 3.8 8.8 8.6 13 8.2 8.7 18 4.5 87.2 33 FORE School of Management New Delhi, North 13.7 3.8 8.1 8.5 13.1 8.3 8.6 18 4.6 86.7 34 Birla Institute of Management Technology ; Jagdish Sheth School of Management Greater Noida; Bengaluru North/ South 13.7 3.8 8.1 8.5 12.9 8.3 8.6 17.9 4.6 86.4 35 Loyola Institute of Business Administration Chennai South 13.6 3.7 8 8.5 12.9 8.1 8.7 17.9 4.6 86 36 Lal Bahadur Shastri Institute of Management New Delhi North 13.5 3.7 8.1 8.4 12.8 8.2 8.5 17.8 4.5 85.5 37 Amity Business School Noida North 13.5 3.6 8.1 8.4 12.8 8.1 8.5 17.7 4.5 85.2 38 FOSTIIMA Business School New Delhi North 13.5 3.6 7.9 8.3 12.7 8 8.6 17.6 4.5 84.7 39 Indian Institute of Management Bodh Gaya Bodh Gaya East 13.5 3.5 7.9 8.3 12.7 8 8.6 17.7 4.4 84.6 40 Indian Institute of Management Jammu Jammu North 13.5 3.6 7.9 8.3 12.6 7.9 8.5 17.6 4.4 84.3 41 Institute for Financial Management and Research Chittoor South 13.4 3.4 7.8 8.2 12.6 7.9 8.5 17.8 4.4 84 42 Amrita Vishwa Vidyapeetham University Coimbatore South 13.3 3.4 7.9 8.2 12.6 7.9 8.5 17.6 4.4 83.8 43 Institute of Management Technology Nagpur; Hyderabad West/ South 13.2 3.5 7.8 8.2 12.7 7.8 8.5 17.5 4.3 83.5 44 Birla Institute of Technology & Science (BITS) Pilani North 13.2 3.4 7.8 8.1 12.7 7.8 8.2 17.4 4.4 83 45 Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD) Mysore South 13.2 3.4 7.8 8.3 12.6 7.6 8.3 17.4 4.2 82.8 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 46 Balaji Institute of Modern Management Pune West 13.1 3.3 7.6 8.3 12.6 7.6 8.3 17.4 4.3 82.5 47 SIES College of Management Studies Navi Mumbai West 13 3.3 7.6 8.3 12.5 7.6 8.2 17.3 4.3 82.1 48 Rajagiri Centre for Business Studies Kochi South 13 3.3 7.6 8.2 12.4 7.5 8.1 17.2 4.3 81.6 49 PSG Institute of Management, PSG College of Technology Coimbatore South 12.9 3.2 7.5 8.2 12.3 7.5 8.1 17.2 4.3 81.2 50 Birla Institute of Technology & Science (BITS); Great Lakes Institute of Management Hyderabad; Gurugram South/ North 12.8 3.2 7.5 8.1 12.3 7.7 8.2 17.1 4.1 81 51 Institute of Public Enterprise Hyderabad South 12.8 3.2 7.4 8.2 12.2 7.6 8.2 17.2 4.1 80.9 52 Chitkara University Chandigarh North 12.7 3.1 7.3 8.2 12.2 7.6 8.2 17.2 4.1 80.6 53 Lexicon Management Institute of Leadership & Excellence Pune West 12.7 3.2 7.3 8 12.2 7.5 7.9 17.1 4.1 80 54 SCMS Cochin School of Business Cochin South 12.7 3.2 7.3 7.9 12.2 7.4 7.8 17 4.1 79.6 55 Jaipuria Institute of Management Lucknow North 12.6 3.2 7.2 7.8 12.1 7.3 7.9 17.1 4.1 79.3 56 Flame University Pune West 12.6 3.2 7.1 7.8 12.1 7.3 7.9 17.1 4.1 79.2 57 Jindal Global Business School Sonipat North 12.3 3.2 7.1 7.8 12.1 7.3 7.8 17 4.1 78.7 58 Jagannath International Management School Kalkaji, New Delhi North 12 3.2 7.1 7.8 12.1 7.3 7.8 17 4.1 78.4 59 Dayananda Sagar University; Jaipuria Institute of Management Bengaluru; Noida South/ North 12 3.1 7 7.8 12.1 7.3 7.8 17 4.1 78.2 60 Indus Business Academy Bengaluru South 12 3.1 6.9 7.8 12.1 7.3 7.7 17 4.1 78 61 Acharya Bangalore B School Bengaluru South 12 3.1 6.9 7.7 12 7.2 7.7 17 4.1 77.7 62 Institute of Management Studies Ghaziabad North 11.9 3.2 6.9 7.5 11.6 6.9 7.4 16.6 3.9 75.9 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 63 Galgotias University Greater Noida North 11.8 3.1 6.9 7.4 11.3 7.3 7.4 16.5 3.8 75.5 64 Amity Business School Gurugram North 11.7 3.1 6.8 7.1 11.2 6.8 7.3 16.4 3.9 74.3 65 Jagan Institute of Management Studies, Rohini New Delhi North 11.7 3.1 6.7 7 11.3 6.8 7.1 16.5 3.7 73.9 66 Indian Institute of Management Amritsar Amritsar North 11.8 3.1 6.7 6.9 11.2 6.8 7.1 16.4 3.7 73.7 67 Indian Institute of Management Visakhapatnam Visakhapatnam South 11.7 3.2 6.7 6.9 11 6.7 6.9 16.4 3.9 73.4 68 Chandigarh Business School Chandigarh North 11.4 3.1 6.5 6.5 10.9 6.6 6.7 16.2 4 71.9 69 Xavier Institute of Management and Entrepreneurship Bengaluru South 11.4 3 6.5 6.3 11.1 6.7 6.6 16.1 3.8 71.5 70 Indian Institute of Management Sirmaur Sirmaur (Himachal) North 11.2 3 6.6 6.7 10.8 6.3 6.8 16.1 3.6 71.1 71 Management Development Institute Murshidabad* Murshidabad East 11.3 2.9 6.5 6.6 10.5 6.4 6.7 16 3.5 70.4 72 International Management Institute Bhubaneswar Bhubaneswar East 11.3 2.9 6.7 6.5 10.6 6.4 6.6 15.8 3.5 70.3 73 International Management Institute Kolkata Kolkata East 11.2 2.9 6.4 6.4 10.5 6.5 6.5 16 3.4 69.8 74 ISSM Business School Chennai South 11.1 2.9 6.4 6.3 10.4 6.5 6.7 15.9 3.4 69.6 75 KIIT School of Management Bhubaneswar East 11 2.8 6.3 6.3 10.3 6.5 6.8 15.8 3.3 69.1 76 International School of Business & Media Pune West 11 2.8 6.3 6.2 10.2 6.4 6.7 15.8 3.4 68.8 77 Institute of Rural Management Anand West 11 2.8 6.3 6.3 10.1 6.3 6.6 15.7 3.3 68.4 78 Universal Business School Mumbai West 11 2.8 6.3 6.1 10.2 6.3 6.5 15.7 3.2 68.1 79 GITAM School of Business Visakhapatnam South 10.9 2.8 6.3 6.1 10.2 6.3 6.5 15.7 3.2 68 *The MDI Society is constituted by the Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India. IFCI under MoF, is one of the members of the MDI Society and nominates a member to the MDI Board of Governors. Though the MDI functions like an autonomous institution, it is controlled by the DFS, MoF, GoI Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 80 Siva Sivani Institute of Management Secunderabad South 10.8 2.9 6.2 6 10.2 6.4 6.3 15.9 3.2 67.9 81 MS Ramaiah Institute of Management Bengaluru South 10.8 2.8 6.2 5.9 10.1 6.4 6.4 15.8 3.2 67.6 82 MIT World Peace University Pune West 10.7 2.8 6.1 5.8 10 6.2 6.5 15.8 3.2 67.1 83 VIT Business School Vellore South 10.6 2.7 6.2 5.7 9.8 6.1 6.2 15.6 3 65.9 84 Doon Business School Dehradun North 10.6 2.7 6.1 5.5 9.7 6.1 6.2 15.8 3 65.7 85 Kirloskar Institute of Advanced Management Studies Harihar South 10.5 2.7 6 5.7 9.6 6.3 6.2 15.4 3 65.4 86 Vignana Jyothi Institute of Management Hyderabad South 10.5 2.7 6 5.6 9.8 6 6.1 15.3 3.1 65.1 87 School Of Leadership & Management (MBA), Manav Rachna International Institute of Research and Studies Faridabad North 10.5 2.8 6 5.6 9.6 6 6.2 15.3 2.9 64.9 88 Balaji Institute of Management and Human Resource Development Pune West 10.4 2.7 6 5.6 9.7 6 6 15.3 3.1 64.8 89 Indian Institute of Technology - Indian School of Mines Dhanbad East 10.4 2.7 5.9 5.6 9.5 6 6.1 15.4 3.1 64.7 90 Institute of Social Welfare and Business Management Kolkata East 10.3 2.9 5.8 5.6 9.7 5.6 5.6 15 2.9 63.4 91 IILM Institute of Business Management, School of Management, IILM University; Rourkela Institute of Management Studies Gurugram, Rourkela North/ East 10 2.6 5.8 5.2 9.5 5.8 5.8 15.2 2.9 62.8 92 Prin. LN Welingkar Institute of Management Development and Research Bengaluru South 10 2.6 5.8 5.1 9.4 5.8 5.8 15.2 2.8 62.5 93 Sir Padampat Singhania University Udaipur West 9.9 2.6 5.7 5.2 9.5 5.8 5.7 15.1 2.7 62.2 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 94 Jaipuria Institute of Management Jaipur West 9.9 2.6 5.6 5.1 9.5 5.7 5.6 15.4 2.6 62 95 MET Business School Mumbai West 9.8 2.5 5.6 5 9.3 5.7 5.8 15.4 2.7 61.8 96 RV Institute of Management Bengaluru South 9.8 2.5 5.6 5 9.4 5.7 5.7 15.1 2.6 61.4 97 GNIOT Institute of Management Studies Greater Noida North 9.8 2.5 5.6 4.9 9.4 5.6 5.6 15.3 2.6 61.3 98 Lovely Professional University Phagwara North 9.7 2.5 5.6 4.8 9.2 5.7 5.6 15.2 2.5 60.8 99 Vivekananda Institute of Management Studies Coimbatore South 9.6 2.4 5.6 4.9 9.2 5.5 5.5 15.3 2.5 60.5 100 IILM Graduate School of Management Greater Noida North 9.5 2.4 5.4 4.7 9.1 5.4 5.4 15 2.5 59.4 101 Institute of Management, JK Lakshmipat University Jaipur West 9.4 2.4 5.3 4.6 8.9 5.4 5.3 15 2.4 58.7 102 Manav Rachna University Faridabad North 9.3 2.4 5.2 4.6 9 5.2 5.4 14.9 2.6 58.6 103 Hindustan Institute Of Technology & Science Chennai South 9.3 2.3 5.1 4.5 9.1 5.3 5.5 14.9 2.4 58.4 104 Sambhram Academy of Management Studies Bengaluru South 9.2 2.3 5.1 4.4 8.9 5.2 5.4 14.9 2.3 57.7 105 Ajeenkya DY Patil University, School of Management Pune West 9.2 2.3 5.1 4.4 8.8 5.2 5.4 14.9 2.3 57.6 106 Kongu Engineering College Perundurai South 9.2 2.3 5 4.3 8.9 5.1 5.3 14.8 2.3 57.2 107 AISSMS Institute of Management Pune West 9.2 2.3 5 4.3 8.8 5.1 5.2 14.7 2.4 57 108 Administrative Management College Bengaluru South 8.9 2.2 4.9 4.2 8.7 5 5.2 14.7 2.4 56.2 109 Thiagarajar School of Management Madurai South 8.8 2.2 4.9 4.2 8.7 5 5.2 14.7 2.4 56.1 110 Symbiosis Institute of Management Studies Pune West 8.8 2.2 4.8 4.1 8.5 4.8 5.1 14.9 2.5 55.7 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 111 Ballari Institute of Technology and Management Ballari, Karnataka South 8.6 2.2 4.7 4 8.6 4.7 5.1 14.8 2.4 55.1 112 Institute of Management & Information Science Bhubaneswar South 8.8 2.1 4.6 4 8.4 4.8 5.1 14.7 2.3 54.8 113 Institute of Insurance & Risk Management Hyderabad South 8.7 2.1 4.6 3.8 8.3 4.7 5.2 14.6 2.2 54.2 114 Accurate Institute of Management and Technology Greater Noida North 8.6 2.1 4.3 3.7 8.2 4.5 5 14.7 2.3 53.4 115 Prestige Institute of Management Gwalior Central 8.7 2.1 4.1 3.7 8.2 4.5 5.3 14.4 2.3 53.3 116 Vels University Chennai South 8.5 2.1 4.2 3.8 8.1 4.4 5.1 14.6 2.4 53.2 117 Kirloskar Institute of Advanced Management Studies Pune West 8.5 2.1 4.3 3.9 8 4.3 5 14.4 2.1 52.6 118 Jaipuria Institute of Management Indore Central 8.4 2.2 4.5 3.7 8 4.2 4.8 14.2 2 52 119 Balaji Institute of International Business Pune West 8.3 2.3 4.4 3.7 8 4 4.6 14.1 1.9 51.3 120 Jaipuria Institute of Management Ghaziabad North 8.4 2.1 4.3 3.6 7.9 4 4.5 14 1.9 50.7 121 AIMS School of Business Bengaluru South 8.2 2.2 4.2 3.5 7.9 4.1 4.5 14 1.8 50.4 122 Presidency Business School Hebbal South 8.2 2.1 4.1 3.5 7.8 4.2 4.6 13.9 1.8 50.2 123 Pune Institute of Business Management Pune West 8.3 2.1 4.1 3.4 7.6 3.9 4.4 13.8 1.9 49.5 124 Faculty of Commerce and Management Studies, REVA University Bengaluru South 8.1 2.2 4.2 3.4 7.7 4.1 4.3 13.7 1.5 49.2 125 School of Business Studies, Sharda University Greater Noida North 8 2.1 4.1 3.6 7.8 3.7 4.1 13.9 1.6 48.9 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 126 Symbiosis Institute of Telecom Management Pune West 8 2 4 3.6 7.5 3.5 4 13.5 2 48.1 127 School of Management & Commerce, KR Mangalam University Gurugram North 8.2 1.9 3.9 3.2 7.5 3.4 4.4 13.3 1.7 47.5 128 International Institute of Management Studies Pune West 8.1 1.8 3.8 3.1 7.5 3.4 4.1 13.3 1.7 46.8 129 Institute of Management Studies, SAGE University Indore Central 8.1 1.8 3.8 3.1 7.5 3.4 4.1 13.3 1.6 46.7 130 Prestige Institute of Management and Research Indore Central 8 1.7 3.8 3 7.5 3.4 4.1 13.2 1.9 46.6 131 ITS Institute of Technology & Science Ghaziabad North 8 1.6 3.7 3.3 7.4 3.3 4.2 13.2 1.6 46.3 132 GL Bajaj Institute of Management and Research Greater Noida North 7.9 1.8 3.7 3.2 7.3 3.2 4.2 13.2 1.6 46.1 133 IMS Unison University Dehradun North 7.8 1.7 3.6 3.2 7.3 3.1 4 13.1 1.9 45.7 134 KIET Group of Institutions Ghaziabad North 7.9 1.7 3.7 3.1 7.6 3 4 13.1 1.5 45.6 135 Indian Education Society Management College and Research Centre Mumbai West 7.8 1.7 3.5 3.1 7.2 3 3.9 13.1 1.5 44.8 136 KCT Business School Coimbatore South 7.8 1.6 3.5 3 7.1 3.1 3.8 13 1.5 44.4 137 School of Management, Presidency University Bengaluru South 7.8 1.5 3.4 3 7 3.2 3.7 13 1.5 44.1 138 ITM Group of Institutions Bengaluru South 7.7 1.8 3.3 2.9 7 3.3 3.9 13 1.1 44 139 School of Business Management, Shoolini University Solan North 7.6 1.7 3.2 2.8 6.9 3.1 3.8 13 1.4 43.5 140 Department of Management Studies, PES University Bengaluru South 7.7 1.7 3.1 2.7 6.8 3 3.8 12.9 1.4 43.1 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 141 Indus Business Academy Greater Noida North 7.8 1.6 2.9 2.8 6.8 2.8 3.7 13 1.3 42.7 142 ATRIA Institute of Management Bengaluru South 7.6 1.7 3 2.8 6.7 2.8 3.7 12.8 1.3 42.4 143 Durgadevi Saraf Institute of Management Studies Mumbai West 7.7 1.6 2.8 2.7 6.7 2.8 3.6 12.9 1.3 42.1 144 Lala Lajpatrai Institute of Management Mumbai West 7.8 1.7 2.7 2.9 6.7 2.7 3.5 12.7 1.3 42 145 Lal Bahadur Shastri Institute of Management & Technology Bareilly North 7.6 1.8 2.7 2.6 6.6 2.7 3.6 12.7 1.4 41.7 146 Indian Institute of Management T College of Management Greater Noida North 7.6 1.5 2.8 2.6 6.5 2.6 3.5 12.7 1.3 41.1 147 Institute of Management Studies Noida North 7.5 1.7 2.5 2.7 6.4 2.8 3.3 12.9 1.2 41 148 ICBM - School of Business Excellence Hyderabad South 7.4 1.4 2.6 2.5 6.3 2.7 3.5 12.7 1.2 40.3 149 ASM Institute of Business Management & Research Pune West 7.3 1.4 2.7 2.4 6.3 2.6 3.4 12.6 1.2 39.9 150 Maharishi Markandeshwar University Institute of Management Ambala North 7.2 1.6 2.6 2.5 6.2 2.5 3.4 12.5 1.2 39.7 151 Indian Institute of Health Management Research Jaipur North 7.1 1.5 2.5 2.4 6.3 2.5 3.3 12.4 1.1 39.1 152 HK Institute of Management Studies and Research Mumbai West 7 1.6 2.5 2.5 6.1 2.6 3.3 12.4 1 39 153 IIKM Business School Chennai South 7 1.6 2.4 2.4 6 2.5 3.2 12.3 1 38.4 154 St Joseph's Institute of Management Tiruchirappalli South 6.8 1.5 2.4 2.3 6 2.5 3.4 12.3 1 38.2 155 Sona School of Management Salem South 6.9 1.6 2.3 2.3 6 2.4 3.2 12.3 1 38 156 Vel Tech High Tech Dr Rangarajan Dr Sakunthala Engineering College Chennai South 6.7 1.5 2.4 2.2 5.9 2.5 3.3 12.3 1 37.8 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 157 Adarsh Institute of Management And Information Technology Bengaluru South 6.7 1.5 2.4 2.4 5.8 2.3 3.2 12.1 1 37.4 158 Atharva Institute of Management Studies Mumbai West 6.6 1.5 2.4 2.3 5.7 2.4 3.1 12.1 1 37.1 159 Master School of Management Meerut North 6.5 1.5 2.3 2.2 5.7 2.4 3.1 12 1 36.7 160 VPM's Dr V N Bedekar Institute of Management Studies Thane West 6.5 1.5 2.3 2.1 5.7 2.4 3 12 1 36.5 161 Global Business School Hubli South 6.4 1.5 2.2 2.1 5.6 2.3 2.9 11.9 1 35.9 162 JECRC Business School Jaipur North 6.4 1.5 2.2 2 5.5 2.3 2.9 11.9 1 35.7 163 KV Institute of Management and Information Studies Coimbatore South 6.3 1.4 2.1 2.3 5.6 2.1 2.7 11.8 1 35.3 164 GRG School of Management Studies Coimbatore South 6.2 1.4 2 2.1 5.3 2.1 2.6 12 1 34.7 165 Prestige Institute of Management Dewas Central 6.2 1.2 2.3 2 5.2 2.3 2.6 11.8 1 34.6 166 Jagan Nath University Jaipur North 6.1 1.3 2.2 1.9 5.1 2.2 2.5 11.6 1 33.9 167 Amity University Jaipur North 6.1 1.4 2.1 1.8 5 2 2.5 11.5 1 33.4 168 Mangalmay Institute of Management & Technology Greater Noida North 6 1.3 2 1.9 5 2 2.5 11.6 1 33.3 169 Amity University Gwalior Central 6 1.3 1.9 1.8 4.9 2 2.4 11.4 1 32.7 170 MP Birla Institute of Management Bengaluru South 6.1 1.3 1.8 1.8 4.8 2 2.3 11.3 1 32.4 171 SV Institute of Management Kadi (Guj) West 5.9 1.2 1.8 1.6 4.7 1.8 2 11.2 1 31.2 172 SCMS School of Technology & Management Kottayam South 5.8 1.4 1.7 1.7 4.6 1.6 2 11.3 1 31.1 173 Jagran Lakecity Business School Bhopal Central 5.7 1.3 1.6 1.6 4.6 1.7 2 11.4 1 30.9 ADMISSIONS OPEN 2024-25 Post Graduate Diploma in Management AICTE Approved 1-4259511 MBA Global Program in Partnership with University of South Wales, UK International MBA Program in Partnership with University of New Haven, USA Private Standalone Institutions in Pune by Outlook I-CARE 2024 1 Amongst Top 20 B-Schools In The West By Times B-School 2023 5 Amongst Private B-school in the West Region by Business World 2023 11 97.5% PLACEMENTS 8.27LPA AVERAGE PACKAGE 200 RECRUITERS Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS OVERALL 174 Royal School of Business, Royal Global University Guwahati East 5.7 1.3 1.6 1.5 4.4 1.6 2.3 11.3 1 30.7 175 School of Management, SRM University Sonipat North 5.6 1.3 1.5 1.5 4.3 1.7 2.2 11.1 1 30.2 176 Bharatesh Education Trust's Global Business School Belgaum South 5.5 1 1.5 1.3 4 1.8 2.2 10 1 28.3 177 VESIM Institute of Management Studies Mumbai West 5.5 1.3 1.5 1.4 4 1.7 2.2 8.2 1 26.8 178 Lotus Business School Pune West 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8.2 1 26.6 179 DJ Academy of Managerial Excellence Coimbatore South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8.1 1 26.5 180 Jaipuria School of Business Ghaziabad North 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8 1 26.4 181 School of Management, CMR University Bengaluru South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 7.9 1 26.3 182 Rajalakshmi Engineering College Chennai South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 7.8 1 26.2 183 Pranveer Singh Institute of Technology Kanpur North 5.4 1.3 1.5 1.4 3.9 1.7 2.1 7.8 1 26.1 184 Regional College of Management Bhubaneswar East 5.4 1.3 1.5 1.4 3.9 1.7 2.1 7.7 1 26 185 International School of Management Patna East 5.4 1.3 1.5 1.4 3.9 1.7 2 7.7 1 25.9 186 Alia institute of Management Bhopal Central 5.4 1.3 1.5 1.4 3.9 1.7 2 7.6 1 25.8 187 Sagar Institute of Research & Technology Bhopal Central 4.8 1.3 1.5 1.4 3.9 1.7 1.9 7.9 1 25.4 188 Sri Ram Murti Smarak College of Engineering & Technology, Faculty of Management Sciences Bareilly North 4.8 1.3 1.5 1.4 3.9 1.7 1.8 7.6 1 25 ADMISSIONS OPEN 2024-25 Post Graduate Diploma in Management AICTE Approved 1-4259511 MBA Global Program in Partnership with University of South Wales, UK International MBA Program in Partnership with University of New Haven, USA Private Standalone Institutions in Pune by Outlook I-CARE 2024 1 Amongst Top 20 B-Schools In The West By Times B-School 2023 5 Amongst Private B-school in the West Region by Business World 2023 11 97.5% PLACEMENTS 8.27LPA AVERAGE PACKAGE 200 RECRUITERS Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS GOVERNMENT ADMISSIONS OPEN 2024-25 Post Graduate Diploma in Management AICTE Approved 1-4259511 MBA Global Program in Partnership with University of South Wales, UK International MBA Program in Partnership with University of New Haven, USA Private Standalone Institutions in Pune by Outlook I-CARE 2024 1 Amongst Top 20 B-Schools In The West By Times B-School 2023 5 Amongst Private B-school in the West Region by Business World 2023 11 97.5% PLACEMENTS 8.27LPA AVERAGE PACKAGE 200 RECRUITERS 1 Indian Institute of Management Ahmedabad; Indian Institute of Management Bengalore Ahmedabad, Bengaluru West/ South 15 5 10 10 15 10 10 20 5 100 2 Indian Institute of Management Calcutta Kolkata East 15 5 9.8 9.8 15 9.8 9.9 20 5 99.3 3 Indian Institute of Management Lucknow Lucknow North 15 5 9.6 9.8 14.7 9.8 9.9 19.8 5 98.6 4 Management Development Institute Gurgaon* Gurugram North 14.6 5 9.6 9.6 14.6 9.7 9.9 19.6 4.8 97.4 5 Faculty of Management Studies, Delhi University New Delhi North 14.6 4.8 9.5 9.6 14.7 9.6 9.7 19.5 4.8 96.8 6 Indian Institute of Management Indore Indore Central 14.5 4.8 9.5 9.6 14.3 9.7 9.9 19.2 4.8 96.3 7 Indian Institute of Management Kozhikode Kozhikode South 14.5 4.8 9.6 9.6 14.3 9.7 9.6 19.2 4.8 96.1 8 Indian Institute of Foreign Trade New Delhi North 14.4 4.8 9.5 9.5 14.5 9.7 9.5 19.1 4.8 95.8 9 Indian Institute of Management Udaipur Udaipur West 14.3 4.6 9.3 9.4 13.8 9.3 9.3 18.6 4.6 93.2 10 Jamnalal Bajaj Institute of Management Studies Mumbai West 14.1 4.6 9.3 9.3 13.8 9.3 9.3 18.5 4.6 92.8 11 Shailesh J Mehta School of Management (SJMSoM), IIT Bombay; National Institute of Industrial Engineering (Now IIM Mumbai) Mumbai West 13.8/ 13.8 4.4/ 4.4 9.2/ 9.3 9.0/ 9.0 13.5/ 13.4 9.0/ 9.0 9.1/ 9.1 18.1/ 18.1 4.5/ 4.5 90.6 12 Department of Management Studies (DMS) IIT Delhi New Delhi North 13.8 4.4 9.1 9 13.5 8.9 8.9 18 4.5 90.1 13 Vinod Gupta School of Management, IIT Kharagpur East 13.9 4.1 8.9 8.7 13.3 8.5 8.7 18.4 4.7 89.2 *The MDI Society is constituted by the Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India. IFCI under MoF, is one of the members of the MDI Society and nominates a member to the MDI Board of Governors. Though the MDI functions like an autonomous institution, it is controlled by the DFS, MoF, GoI Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS TOP B-SCHOOLS GOVERNMENT ADMISSIONS OPEN 2024-25 Post Graduate Diploma in Management AICTE Approved 1-4259511 MBA Global Program in Partnership with University of South Wales, UK International MBA Program in Partnership with University of New Haven, USA Private Standalone Institutions in Pune by Outlook I-CARE 2024 1 Amongst Top 20 B-Schools In The West By Times B-School 2023 5 Amongst Private B-school in the West Region by Business World 2023 11 97.5% PLACEMENTS 8.27LPA AVERAGE PACKAGE 200 RECRUITERS 14 Indian Institute of Management Shillong Shillong East 14 3.9 9 8.8 13.3 8.4 8.6 18.4 4.6 89 15 Indian Institute of Management Tiruchirappalli Trichy South 13.8 3.9 8.8 8.7 13.2 8.5 8.7 18.3 4.6 88.5 16 Indian Institute of Management Raipur Raipur Central 13.8 3.9 8.8 8.7 13.2 8.3 8.6 18.1 4.6 88 17 Indian Institute of Management Nagpur Nagpur West 13.7 3.8 8.8 8.7 13.2 8.3 8.6 18.1 4.6 87.8 18 Indian Institute of Management Ranchi Ranchi East 13.6 3.7 8.8 8.6 13.3 8.3 8.6 18.2 4.6 87.7 19 Indian Institute of Management Rohtak; Indian Institute of Management Kashipur Rohtak; Kashipur North 13.6 3.7 8.8 8.6 13.3 8.3 8.6 18.1 4.6 87.6 20 Indian Institute of Management Sambalpur Sambalpur East 13.7 3.4 8.8 8.6 13.1 8.3 8.8 18.2 4.6 87.5 21 Indian Institute of Management Bodh Gaya Bodh Gaya East 13.5 3.5 7.9 8.3 12.7 8 8.6 17.7 4.4 84.6 22 Indian Institute of Management Jammu Jammu North 13.5 3.6 7.9 8.3 12.6 7.9 8.5 17.6 4.4 84.3 23 Indian Institute of Management Amritsar Amritsar North 11.8 3.1 6.7 6.9 11.2 6.8 7.1 16.4 3.7 73.7 24 Indian Institute of Management Visakhapatnam Visakhapatnam South 11.7 3.2 6.7 6.9 11 6.7 6.9 16.4 3.9 73.4 25 Indian Institute of Management Sirmaur Sirmaur (Himachal) North 11.2 3 6.6 6.7 10.8 6.3 6.8 16.1 3.6 71.1 26 Management Development Institute Murshidabad* Murshidabad East 11.3 2.9 6.5 6.6 10.5 6.4 6.7 16 3.5 70.4 27 Indian Institute of Technology - Indian School of Mines Dhanbad East 10.4 2.7 5.9 5.6 9.5 6 6.1 15.4 3.1 64.7 28 Institute of Insurance & Risk Management Hyderabad South 8.7 2.1 4.6 3.8 8.3 4.7 5.2 14.6 2.2 54.2 *The MDI Society is constituted by the Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India. IFCI under MoF, is one of the members of the MDI Society and nominates a member to the MDI Board of Governors. Though the MDI functions like an autonomous institution, it is controlled by the DFS, MoF, GoI Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
200 | B W BUSINESSWORLD | 16 December 2023 RANKINGS TOP B-SCHOOLS PRIVATE ADMISSIONS OPEN 2024-25 Post Graduate Diploma in Management AICTE Approved 1-4259511 MBA Global Program in Partnership with University of South Wales, UK International MBA Program in Partnership with University of New Haven, USA Private Standalone Institutions in Pune by Outlook I-CARE 2024 1 Amongst Top 20 B-Schools In The West By Times B-School 2023 5 Amongst Private B-school in the West Region by Business World 2023 11 97.5% PLACEMENTS 8.27LPA AVERAGE PACKAGE 200 RECRUITERS 1 Xavier School of Management Jamshedpur East 14.8 4.8 9.7 9.8 14.8 9.8 9.8 19.8 5 98.3 2 SP Jain Institute of Management & Research Mumbai West 14.6 4.8 9.6 9.6 14.7 9.7 9.8 19.5 4.8 97.1 3 SVKM's Narsee Monjee Institute of Management Studies (NMIMS) Mumbai West 14.3 4.8 9.5 9.5 14.3 9.5 9.5 19 4.8 95.2 4 Institute of Management Technology (IMT) Ghaziabad North 14.4 4.7 9.4 9.7 14.2 9.5 9.4 19 4.7 95 5 Xavier Institute of Management (XIM) Bhubaneswar East 14.3 4.7 9.6 9.5 14.1 9.5 9.5 18.8 4.7 94.7 6 International Management Institute (IMI) New Delhi North 14.2 4.8 9.4 9.4 14 9.4 9.4 18.7 4.7 94 7 Symbiosis Institute of Business Management Pune West 14.2 4.6 9.3 9.4 14 9.5 9.4 18.7 4.7 93.8 8 TA Pai Management Institute (TAPMI) Manipal South 14.2 4.6 9.3 9.3 13.8 9.3 9.2 18.5 4.6 92.8 9 KJ Somaiya Institute of Management Studies & Research Mumbai West 14.1 4.5 9.2 9.3 13.7 9.2 9.3 18.5 4.6 92.4 10 The ICFAI Business School Hyderabad South 14 4.5 9.1 9.2 13.5 9.3 9.1 18.4 4.5 91.6 11 Great Lakes Institute of Management Chennai South 13.9 4.2 8.9 8.7 13.4 8.5 8.7 18.4 4.5 89.2 12 Goa Institute of Management Goa West 13.8 4 8.9 8.8 13.3 8.4 8.6 18.2 4.5 88.5 13 Institute of Management, Nirma University Ahmedabad West 13.8 3.9 8.8 8.6 13.2 8.4 8.7 18.3 4.6 88.3 14 Prin LN Welingkar Institute of Management Development and Research Mumbai West 13.6 3.9 8.7 8.6 13.1 8.3 8.6 18.1 4.5 87.4 15 School of Business, Woxsen University Hyderabad South 13.6 3.8 8.8 8.6 13 8.2 8.7 18 4.5 87.2 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5