Sunday, Jun 26, 2022
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Scenes From Up And Down The Stairs

We present our annual B-school rankings in a challenging year. Elsewhere, we focus on family businesses, MBA maestros and Bollywood.

Scenes From Up And Down The Stairs
On Their Way Photograph by Sanjib Mukherjee

Business schools in India are at a crossroads. On the one hand, there is a growing demand for more B-schools to accommodate more and more students dreaming of a cove­ted MBA degree. On the other is a fading MBA gleam, with the industry gradu­ally folding its hands on recruiting neophyte managers. While mur­­murs about this were doing the rounds, last year industry body Ass­­ocham bit the bullet and said only seven per cent MBAs were employable. Today, the statistical ratio may be worse, as more schools churn out mint-fresh MBAs.

In this scenario, leading B-schools like the IIMs are reinventing themselves to stay relevant and bring out graduates that matter to the industry. A bill for aut­o­n­omy of the IIMs has already been pas­sed by the Lok Sabha. This will give it more teeth, apart from more freedom to cho­ose its curriculum and match  steps with the industry’s needs. Many of the other top B-schools will follow a similar line. But the ones lower down the line will need to do serious thinking of how to stay relevant and survive this deepening freeze.

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