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Thursday, June 13, 2013

Reading about B Schools

"Products are made in the factory, but brands are created in the mind." - Walter Landor

The most critical issue in B schools today is that of quality. It is because of aspirations for “quality” education variously perceived by different social classes where MBA degree is often equated with “good education” by most parents as a social status symbol. The exponential growth of b-schools happened during 1995-2011 and resulted in the increased supply of MBAs or PGDMs, far in excess of actual industry demand.

As a MBA student, you end up learning several theoretical concepts through case studies, projects and field assignments. Beyond this grades will be left behind and work experience starts to matter more and more. Vijay Govindrajan, professor at Tuck School of Business at Dartmouth, says even in the US a majority of CEOs have MBA degrees. "There are three main rationales for getting an MBA: intellectual capital (knowledge), social capital (network), and legitimacy (brand name). All the three propel the best of the MBAs to reach the top," he says.

There are some changes coming in the B School world that are reported in mainstream news.

1- IIM-A Needs to Step Out Into the Real World. Read more:

2- Truth about astronomical IIM packages. Read more:

3- Never released official placement report for 2012 batch, says DMS IIT Delhi in RTI reply. Read more:

4- How do you choose a b-school when the top 10 choices seem out of reach. Read more:

5- Placements at IIMs are not an entitlement, determined by mood in corporate India. Read more:

6- Placement season: Companies prefer to recruit from top-tier B-schools than lower-ranked IIMs. Read more:

7- B School bubble burst. Read more:

Only complain that i have - Students fail to appreciate the socio-environmental issues as impacting Businesses, is because there are very few academic social science inputs in the course-work. While “Economics” (which provides a grounding in enhancing financial wealth creation) is taught, there is no “social science” dept., which provides a grounding in subjects like Sociology, Anthropology, Political Science, etc. This is particularly important in India, where increasingly most students come with a science/ engineering degrees, and increasingly solving business problems requires grounding in social science disciplines.

Just for fun :- A layman’s guide to classifying MBAs!

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