Twenty days. That’s all it took for us to move from begging bowl in hand at imf’s door to celebrating the, um, “appeal” of the new RBI governor Raghuram Rajan. Clearly, even if we live in exciting times, there is many a schizophrenic moment. The disquiet, though, is real, and comes from talk about cost-cutting, job retrenchment, projects being shelved. Even so, one would have to be extremely brave (and foolhardy) to write off the India story so early. As we have learnt recently, the mood can change quickly.
Outlook’s annual ranking of top business schools (conducted by Drshti Strategic Research Services) provides a peek into this economy. Reflecting the mood, the overall scoring is lower than previous years. While there is practically no change in the top 15, there is plenty of churn down below. The crucial question remains: will industries recruit? “Mixed signals emanate from the finance sector, in the throes of a continuing slowdown. For most others (except advertising and media), it seems to be business as usual,” says A.K. Balaji Prasad, Drshti’s managing director, who feels placements will be decent this year. But with rising pressure to innovate, life’s going to get only tougher for our B-schools.
Beyond the rankings, there’s a package on the power of college alumni networks, how they define our lives (sometimes love lives), our friendships and enrich our work. There are insightful and rewarding pieces from alumni of IIT, IIM, Harvard, Wharton and others. The feeling is that most people who go here make “contacts” for life. It is not that simple. As always, choose wisely.
The top 5 Management Schools in our survey:
The rest of this article appears in Outlook dated October 7, 2013. Please click here to purchase a digital edition for your iPad, Android or PC
Apropos of your cover story (C-Section of the A-list of B-Schools, Oct 7), what is achieved by this ape-like chest-thumping that such lists and networking articles vulgarly promote? Education in modern India, by virtue of its high costs, has become a privilege of the middle and upper classes while the lower classes have been effectively shut out, thus creating a permanent underclass.
Tejinder, St Louis, US
Kudos for the well-researched survey of India’s best B-schools. That said, it was surprising that leading names like IIM Bangalore and Department of Management Studies, IIT Madras, were not there.
Shankar Sahay, Delhi
For a proud parent, the list begins and ends with IIM A. Son also spent a year at XLRI.
I wonder whether the 'LABEL' really matters unless one converts it into 'SHOVEL' to dig out something 'WORTH' out of the 'JOB' he shoulders in his subsequent professional life.
I can understand an article about the state of primary education in India which leaves so much of our talent rotting on the ground itself. However, I fail to understand what is achieved by the ape like chest thumping that such articles promote and vulgarly display. Education in modern India has become a privilege of the middle class and the lower classes by virtue of its high cost have been effectively shut out of it, thus creating a permanant under class. Moreover, the focus is all on courses that can enable one to earn a living as soon as one passes out rather than on excellence in all branches, including the soft humanitarian ones. This is further related to the state of economy which would enable people to pursue their own interests, including blue collar jobs that do not require an expensive education, and thus excel in their chosen fields instead of indulging in rat races. These all would be well thought out excercises which would benefit the readers. What does articles like these promote and try to show is really beyond me.
My fervent plea to KP - your annual special issues on educational institutions like the IIMs, IITs and what-have-you should accompany the regular weeky issue of "Outlook" as a separate supplement, so that those of us who don't want to be inflicted with such balderdash can consign them to the WPB in mint condition.
An Economy that has "REAL" Fundamentals should focus on Engineering (esp Civil, Mechanical) Schools rather than on B Schools. But then it is too much expect such things from a nation which has a government that is determined to destroy growth and redistribute poverty.
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