Tuesday, Nov 29, 2022
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Outlook-ICARE India MBA Rankings 2023: Rethinking Business School

An Outlook survey to find how B-Schools in India fare in areas like qualified faculty, soft skills in the curriculum, sustainable funding models, effective governance structures, institutional branding among others

New Delhi Institute of Management Photo: Tribhuvan Tiwari

The demand for business education has surged worldwide to the apparent benefit of business schools. In response to that demand, and because of the relatively low cost of entry into the business education sector, many business schools have been established worldwide. Whether this growth will continue, slow down or even reverse shortly is a question confronting business school administrators. Irrespective of medium-term variability, however, the long-term trend in demand for business education worldwide should remain on an upward ­path, assuming the world economy continues to expand, driven by faster-growing ­developing countries.

This favourable global environment provides an excellent opportunity for business schools, particularly those in high-growth economies. But it also raises several challenging issues, particularly for developing countries. It will have to evolve in developing countries to satisfy a more complex environment with peculiar demands from students and employers. The implication is clear: In developing markets, top business schools will either transform themselves to meet those demands or cede some of the terrains to alt­ernative business education providers.

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