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 (bra...