INDIAN INSTITUTE OF MANAGEMENT
BEST BUSINESS SCHOOL IN FUTURE ORIENTATION
The IIMs remain the most sought-after institutes in the country because of the placement opportunities and pay packages their students attract, but do our best management institutes meet global standards? Not a single Indian institute was among the top 25 in the 2017 Global MBA Ranking published by the Financial Times of London. The Indian School of Business in Hyderabad (which did not participate in our survey) managed an overall rank of 27, while IIM-A slipped five spots since 2016 to the 29th position. IIM-Bangalore was up 13 spots at rank 49, and IIM-Calcutta, a first-time entrant to the elite league, finished a distant 95th. In the 2016 ‘World Talent Report’ by IMD, a top-notch global B-school in Switzerland, India was 60th out of 61 countries from the 29th place it held in 2005.
The worst bottleneck for quality management education is the lack of faculty. Dholakia says the distinction between reputed B-schools and others is in the intellectual contribution of its faculty members in the form of research, publications, use of innovative pedagogical tools, management development programmes and consultancy services.
With smaller institutes offering less salaries, they fail to attract qualified teachers, and are thus unable to offer quality education. B-schools need to lure In-
“WE DON’T DWELL IN THE PRESENT. WE ARE THINKING FIVE YEARS HENCE. THIS FUTURISTIC VISION MAKES IIM-C THE MOST SOUGHT AFTER.” UTTAM SARKAR, DEAN, IIM-C
NEW COURSES IN THE PAST 5 YEARS
Two-year course in Business Analytics. The course offers an opportunity to study at the Indian Statistical Institute (ISI), IIT-Kharagpur and IIM-C. All 50 students got absorbed in the first few days of campus interview.
SMART MOVE
Supporting start-ups at technology business incubator called Innovation Park. “From motivating youth to hand-holding them to come up with viable business models to providing funds to the tune of Rs 1 crore to promoting and marketing the concept—we plan to incubate and support 100 start-ups by 2025,” says Prof. Subhrangshu Sanyal. Organic Thali, a buyback scheme of organic farm produce, was launched by an apprentice in the Innovation Park. Bodhi Health Education, Edwell Solutions and Appeti (nationwide delivery of authentic regional delicacies at your doorstep) are some other initiatives to come out of the school.