The Busi­ness To­day- MDRA Best B-school sur­vey 2013 ranks the top man­age­ment in­sti­tutes in In­dia on learn­ing, liv­ing and place­ment stan­dards. Son­ali Achar­jee speaks to stu­dents to find out what makes the top ten in­sti­tutes so spe­cial

India Today - - SCHOOL SPECIAL -


Set up in 1961, IIM Ahmed­abad of­fers stu­dents an un­par­al­leled learn­ing ex­pe­ri­ence. From reg­u­lar in­ter­na­tional work­shops on fi­nance and busi­ness to a ded­i­cated man­age­ment li­brary boast­ing of over 1.7 lakh books, the in­sti­tute pro­vides all the re­sources and ac­tiv­i­ties nec­es­sary for stu­dents to ex­cel in their cho­sen field of study.

At present the in­sti­tute of­fers cour­ses in man­age­ment, agri- busi­ness man­age­ment, ex­ec­u­tive train­ing and a spe­cial six month pro­gramme in armed forces man­age­ment. “No mat­ter how many new B- schools come up in the coun­try, at the end of the day it is ev­ery stu­dent’s dream to study at IIM Ahmed­abad,” says Am­bika Bal­raj, 26, a grad­u­ate of Delhi Univer­sity. “I am pre­par­ing now to sit for the

CAT this year. If I do not get through, I’ll try again next year,” adds Bal­raj.


Known as the fi­nance hub of B- schools in In­dia, IIM Cal­cutta has had a long his­tory of pro­duc­ing some of the coun­try’s best lead­ers and fi­nan­cial ex­perts. This year alumna Nishi Va­sudeva be­came the first woman to head Navratna, while alumni T V Naren­dran was ap­pointed as Man­ag­ing Di­rec­tor des­ig­nate, In­dia and South East Asia, at

TATA Steel. “I got calls from four or five IIMs but de­cided to join IIM Cal­cutta be­cause of its stand­ing in the field of fi­nance. Not only does the school of­fer ex­cel­lent net­work­ing op­por­tu­ni­ties but you get the chance to study in the same place that has pro­duced so many great names in the field,” says Ankit Garg, 25, who scored a 100 per­centile in CAT in 2009. “What I liked the most about the course was the un­con­di­tional sup­port and train­ing they gave to bud­ding en­trepreneurs. I am very keen to start my own firm some­day. So what­ever I learned at man­age­ment school will pay off,” adds Garg. In­ter­est­ingly, IIM Cal­cutta was the first IIM to be set up in the coun­try in 1961. How­ever, the school re­mains com­mit­ted to fre­quently re­new­ing its cour­ses and re­sources in tune with the lat­est in­dus­try re­quire­ments.


Hav­ing started with only two cour­ses to its credit in 1949, XLRI has quickly grown to be­come one of the coun­try’s best busi­ness schools for pro­grammes in hu­man re­source man­age­ment. To­day the school of­fers cour­ses in ex­ec­u­tive man­age­ment, hu­man re­sources and ad­vanced man­age­ment. The Vir­tual In­ter­ac­tive Learn­ing ( VIL) arm of the school of­fers em­ployed pro­fes­sion­als the chance to brush up on their man­age­ment skills with­out hav­ing to quit their jobs or take leave. VIL of­fers cour­ses in busi­ness man­age­ment, re­tail man­age­ment, hu­man re­source man­age­ment, sales and mar­ket­ing man­age­ment and lo­gis­tics and sup­ply chain man­age­ment. Each course is com­pleted over a pe­riod of 12 months. Grad­u­ates are awarded a post­grad­u­ate cer­ti­fi­ca­tion. “The best part about th­ese pro­grammes is that you only have to phys­i­cally visit the school five days in a year for some ad­di­tional train­ing and in­puts. The rest of the time you can study, learn and com­plete your as­sign­ments from wher­ever you are based. It’s more con­ve­nient and fea­si­ble to take up such a pro­gramme as you don’t need to make any ma­jor ad­just­ments to your work or life in or­der to at­tend classes,” says Saba Khan, 29, a hu­man re­source pro­fes­sional based in Ban­ga­lore. “The world of busi­ness is con­stantly chang­ing and some­times its nec­es­sary to re­turn to the class­room to gain new knowl­edge and a wider per­spec­tive,” adds Khan.


Last year saw this sixty- year- old busi­ness school of Delhi Univer­sity in­cor­po­rat­ing many new in­fras­truc­tural changes to both its cam­pus and ad­mis­sion process. Not only did the in­sti­tute be­come the third B- school in the coun­try to set up its own fi­nan­cial lab in part­ner­ship with Bloomberg, but the new lab is also credited to be the big­gest in the coun­try till date. The 12 spe­cial com­puter ter­mi­nals let stu­dents prac­tice re­search and anal­y­sis on fi­nan­cial mar­kets. 2012 was also the first year that FMS se­lected can­di­dates based on their re­sults in the Com­mon Ad­mis­sion Test ( CAT). The cut- off for the gen­eral cat­e­gory was pegged at 98.73 per­centile in the CAT to en­sure qual­ity can­di­dates for the in­ter­views. “By join­ing the CAT we have now been able to bench­mark our qual­ity of stu­dents bet­ter in the place­ment process. Now com­pa­nies know that our stu­dents also come from the same pool as the IIMs,” says Dean Raj Dhankar.


There’s plenty of good news for those study­ing at IIM Kozhikode. With the place­ment hav­ing wrapped up last week, the in­sti­tute has re­cently an­nounced that there was a 36 per cent in­crease in salary pack­ages and a 20 per cent in­crease in job of­fers. The high­est pack­age of­fered this year was for 2 lakh per month.

` Top re­cruiters in­cluded Deutsche Bank, Gold­man Sachs and TATA Ad­min­is­tra­tive Ser­vices. To­gether, they re­cruited nearly 30 stu­dents from the school’s flag­ship

PGP pro­gramme. “At the end of the day no mat­ter how good the teach­ing, li­brary, in­fra­struc­ture or your fi­nal re­sults are, what re­ally mat­ters is what job you will get and how much will you get paid. I de­cided to join Kozhikode sim­ply be­cause of the ex­cel­lent place­ment sup­port for stu­dents,” says Anirudh Sax­ena, 25. IIM Kozhikode is also one of the few IIMs to of­fer a course in fac­ulty de­vel­op­ment man­age­ment and is recog­nised by the AICTE as a qual­ity im­prove­ment cen­tre.


The sixth IIM to be set up in the coun­try,

IIM In­dore is a hub of con­stant stu­dent ac­tiv­i­ties and in­ter­ac­tions. The school has a num­ber of stu­dent- led ac­tiv­ity clubs that or­gan­ise events, work­shops and field trips over the course of the aca­demic year. Th­ese in­clude the con­sult­ing club, en­trepreneur­ship cell, fi­nance and in­vest­ment club, sys­tems and tech­nol­ogy club, op­er­a­tions club, mer­chan­dis­ing club and mar­ket­ing club, to name a few. Aside from th­ese of­fi­cial clubs, the in­sti­tute is also home to a num­ber of ex­tra- cur­ric­u­lar or hobby- based clubs such as the so­cial sen­si­tiv­ity cell, dance club, de­bat­ing so­ci­ety, photography club, cor­po­rate so­cial re­spon­si­bil­ity club, com­puter gam­ing club, quiz club, and film and the­atre cell. “Whether its or­gan­is­ing Durga Puja cel­e­bra­tions or an event to fa­mil­iarise you with the chal­lenges of liv­ing a life as a con­sul­tant or a live post- exam rock con­cert, there is al­ways some­thing to keep you busy here. It’s a great way to make new friends, add new skills to your re­sume and unwind af­ter a long day of classes,” says Av­inash Tyagi, 26. “Un­like most of the other busi­ness schools, we re­ally know how to have fun and learn at the same time here,” adds Tyagi.


Founded in 1981 in Mum­bai, SP Jain In­sti­tute of Man­age­ment and Re­search of­fers a widely pop­u­lar post­grad­u­ate diploma in man­age­ment pro­gramme which can be com­pleted over a pe­riod of one or two years. The fam­ily man­aged busi­ness pro­gramme is also much sought- af­ter here. “Just be­cause you are born into a busi­ness fam­ily does not mean you au­to­mat­i­cally aquire the skills and fore­sight re­quired to lead the busi­ness. I wanted to un­der­stand the var­i­ous chal­lenges of man­ag­ing a busi­ness in which you also have a per­sonal stake. A gen­eral MBA de­gree would not have helped me in this re­gard as the in­puts and train­ing would not have been spe­cific to my re­quire­ments,” says Yash Jha, 27. The in­sti­tute has also re­cently es­tab­lished in­ter­na­tional cam­puses in Dubai, Sin­ga­pore and Syd­ney.


Two cam­puses and a num­ber of awards later, MDI Gur­gaon is still go­ing strong. The in­sti­tute of­fers over nine dif­fer­ent man­age­ment spe­cial­i­sa­tions and pro­grammes and has some of the most cov­eted in­ter­na­tional stu­dent ex­change pro­grammes in the coun­try. From the BI Nor­we­gian School of Busi­ness in Oslo to Frank­furt School of Man­age­ment, Boc­coni Univer­sity in Mi­lan, Asian In­sti­tute of Tech­nol­ogy in Bangkok and the renowned RSM Eras­mus Univer­sity in Rot­ter­dam, MDI stu­dents have the chance to study at a num­ber of dif­fer­ent coun­tries and in­sti­tutes. “I am not re­ally keen to spend two to four years abroad to com­plete a de­gree. In­stead, the MDI pro­gramme, which al­lows you to spend a se­mes­ter or a year abroad, is a bet­ter op­tion for me. Not only will I get the chance to choose from a wider range of in­sti­tutes, many of them in coun­tries you wouldn’t nor­mally be think­ing of study­ing in, but it will also cost much less,” says Amit Gupta, 26, a stu­dent at the in­sti­tute.


Es­tab­lished in 1963, the In­dian In­sti­tute of For­eign Trade ( IIFT) aims to help pro­fes­sions in for­eign trade man­age­ment and de­velop the coun­try’s hu­man re­sources. Over the years the in­sti­tute has un­der­taken var­i­ous projects and re­search stud­ies with a num­ber of in­ter­na­tional bod­ies such as the World Bank, World Trade Or­gan­i­sa­tion and the United Na­tions Con­fer­ence of Trade and De­vel­op­ment. Till date the in­sti­tute has also trained more than 40,000 busi­ness pro­fes­sion­als across 30 coun­tries in var­i­ous fields of in­ter­na­tional busi­ness and trade pol­icy via its man­age­ment de­vel­op­ment pro­grammes. Cour­ses here have be­come so pop­u­lar that in 2011 it was es­ti­mated that over 55,000 can­di­dates ap­peared for its en­trance ex­am­i­na­tion. With only 220 seats avail­able for its MBA pro­gramme, the school is of­ten re­garded as one of the tough­est busi­ness schools to se­cure ad­mis­sion at. “I am in­ter­ested in the two year res­i­den­tial MBA pro­gramme in in­ter­na­tional busi­ness. What im­pressed me was the qual­ity of fac­ulty, in­fra­struc­ture and aca­demic dis­ci­pline of the course,” says Rid­hima Shah, 31, from Kolkata.


Set up in 1981 in col­lab­o­ra­tion with IMI Geneva ( now IMD Lau­sanne), IMI is In­dia’s first cor­po­rate- spon­sored busi­ness school with ties to the some of the coun­try’s big­gest busi­ness houses such as Nes­tle, Tata Chem­i­cals,

ITC and Wil­liamson Magor. With aca­demic and in­dus­try part­ner­ships with over 21 in­ter­na­tional in­sti­tutes and three state- of- the- art cam­puses set up in Delhi, Kolkata and Bhubaneswar, the In­ter­na­tional Man­age­ment In­sti­tute ( IMI) is quickly be­com­ing a pop­u­lar op­tion for

MBA as­pi­rants. “As I was short­list­ing busi­ness schools to ap­ply to, I came across IMI and what caught my at­ten­tion were the many op­por­tu­ni­ties that the in­sti­tute gave its stu­dents in terms of for­eign and in­dus­try ex­po­sure. The qual­ity of fac­ulty and place­ments was also im­pres­sive. Tak­ing th­ese achieve­ments into ac­count, I de­cided to ap­ply only to IMI,” says Mi­tika Khana, 25, from Delhi.

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