TOP 20 B SCHOOLS VS. OTHERS IN INDIA
ABSTRACT
Almost for last 25+
years I am hearing this comparison and since then I am trying my level best
to identify the solution? First, what is this comparison and why we all compare it with only Top –
20 B-Schools. The reason is very simple – ‘jobs’
or ‘career’ available with Top – 20
B-Schools are in plenty; almost 3 offer
for each students. But what about ‘other’ B-School who claims themselves at par with Top -20 but the ‘reality’ is totally different. This
paper will lay emphasis on why Top – 200
recruiters ‘ignore’ ‘other’
B-Schools for Campus Recruitment.
My findings are basically
based on both primary and secondary data. The primary data has been collected
through questionnaire and several structured and unstructured interviews were
also conducted to elicit first hand information with the theme of the research
work. However, secondary data is collected from various concerned websites
available on www.google.com & www.wikipedia.org. Data collected both from
primary and secondary sources have been interpreted with the help of
statistical devices.
INTRODUCTION
As we
know very well that MBA education in India is growing by leaps and bounds. If I
am not wrong it has grown almost 500% in comparison to 1990’s. But one thing
which we all forgot that by opening the institute only will not serve the
purpose. We should have plenty of ‘jobs’ available with our students who are
spending a great sum of money for getting MBA / PGDM degrees. But reality is
far behind and truth is that hardly 5% gets the good jobs and rest are just
struggling very hard even for getting the jobs of Rs.10, 000. It might possible
that for ‘suitable’ jobs they may have to wait for 5-10 years – Why?
BASIC FACTS
What
we don’t have? If we really would like to compare with Top – 20 B-Schools then
we must have the basic infrastructure which is worth mentioning:
(A)Quality Students
It
has already been proved that it’s the students who make a particular institute
good or bad NOT the ‘Faculty’ (2nd
most important assets after students) working over there may be very qualified.
For example – Even if you send IIM – A
Faculty at “Charwaha Vidyalaya” in Bihar; they cannot turn this into any IIM.
In
most of the ‘other’ category B-School, 80% accept the scores of MAT (below 60%)
and 10% go by CAT scores (below 40 – 50 percentile i.e. only 12 - 16 marks).
As a result
is that ‘input’ is not up to the mark and if input is not correct then what to
talk about ‘output’ (almost all Top – 20 consider 80-100 percentiles i.e. at
least 100- 125 marks)
Not
only this ‘intake’ of students also differs in all Top -20 which is worth
mentioning:
Findings
– 1:
“Top – 20” “Others”
Percentage in 10th : Minimum – 80% 50%
Percentage in
10+2 : Minimum – 70% 50%
Percentage in
Graduation: Minimum – 60% 50%
Percentage in PG : Minimum – 60% Not required
Findings – 2:
“Top
– 20” “Others”
Percentage of
B.E./B.TECH : Minimum – 80% 5%
Percentage of
Science :
Minimum – 10% 40%
Percentage of
Commerce : Minimum – 5% 25%
Percentage of
Arts :
Minimum – 5 % 30%
It
is well said – ‘garbage in, garbage out’.
(B)Branding
It
comes through ‘maximum networking’ with the corporate as far as possible. But
on this ground our 95% “other” category B-Schools are “Nil”. The truth behind
this are – there are ‘3’ types of people who are running B-Schools in India
which is worth mentioning:
Type
– A:
Who
has vision, mission and at the same time would like to extend the ‘best’
services to the whole world assuming their responsibilities and
accountabilities and above all they are ‘Academician’
by profession who understands others very well (all people who are running Top
-20 B-Schools falls under this category).
Type
– B:
They
are ‘Academician’ by profession but
they do not have enough money so they invite other business people to support
him due to which his ‘share’ in that
particular business is very less – very
simple to say that he cannot take any ‘independent’ decision like Mr. Manmohan
Singh thereby that ‘innocent’ but playing with careers of students and boosting
of 5% placements.
Type
– C:
They
are basically ‘money’ minded people
and their entire business is purely “show-off”.
They are all from the core business family without any vision & mission.
They are not ‘Academician’ thereby
that they treat their entire staff as a “Bounded
Labour” (also liabilities) and
Students as a “Customer” (assets).
Their percentage in India is very high i.e. almost 80%.
(C) Inexperienced Students
Firstly,
intake in other B-Schools is almost “fresher’s” (95%) due to which they do not
have any hands on experience. That is why, corporate do not consider them. Secondly, they do not have any exposure
in terms of project training and industrial visits. Thirdly, they have very little exposure in relation to Guest
lectures, Workshops, Seminars, Conferences etc.
Findings – 3:
Top
-20 Others
Percentage of ‘Experienced’ students : 70% 5%
(1to 3 years)
Percentage of ‘Experienced’ students : 5% Nil
(3to 5 years)
Percentage of ‘fresher’ students : 25% 95%
(D)Standard
of ‘Faculty’
If we compare it with Top -20 the truth is like this
which is worth mentioning:
Top –
20 Others
PHD :
90% 10 – 20%
PG :
10% 80%
Top –
20 Others
Corporate Experience : 80% - 10 to 20 years 10%
- 10 to 20 years
Corporate Experience : 10% - 3 to 10 years 70%
- 3 to 10 years
Academic Experience : 10% - 1 to 30 years 10%
- 1 to 30 years
Fresher : NA 10% - Fresh MBA
This is the need of the hour and in high demand and
at the same time highly debatable among scholars whether to introduce this as a
course curriculum or not. I remember one news when Infosys had clearly mark that – they incur almost 50 lakhs for each
‘new’ entrant every year on “Training” because they are only ‘intelligent’ but
not ‘creative’ and at the same time their “soft skills” are very poor. Keeping
in mind the soft skills need – Infosys started their own institute in 2006 on “Campus
Connect”. On the basis of my interaction with the students in more than 250+
colleges and 250+ companies with the executives/managers – the basic soft
skills training is required on:
1.
Attitude
As per one
survey your attitude determines 85% success in your life. So keep positive
attitude towards everyone and be the responsible and accountable citizen of
this world.
2.
Grooming
It alone gives
you 30% success in an interview. It simply says you know how to dress up well
and keep on smiling.
3.
Confidence
‘Impossible’
itself says – I am possible.
4.
Communication
Skills
It is simply the
effective reading, writing, speaking & listening with clear
“understanding”.
5.
General
Awareness
You should be
well aware on “SPELT” (S – Social, P – Political, E – Economic, L – Legal and T
– Technological) surroundings.
6.
Basic
Managerial Skills
It starts at
home and simply the magic of taking simple ‘decisions’ and ‘organizing’ the
things at home. It includes decision making, problem solving and managerial
ability (PODSCORB):
P – Planning
O – Organizing
D – Directing
S – Staffing
CO –
Coordinating
R – Reporting
B - Budgeting
7.
Subject
Knowledge
Be ‘selective’
& ‘intensive’ but very careful in choosing ‘major’ & ‘minor’ as per
one’s interest.
8.
Work
Experience
Use your spare
time, use your contacts and get into various companies for ‘hands’ on
experience.
CONCLUSIONS
I would like to finish my discussion in the
following words:
A.For
Students
Just do not jump to any MBA/PGDM institute. Always
go by ‘front’ door and if possible try to crack only Top – 50 B-Schools.
B.For Owner
If you charge your students ‘heavily’ then it’s your
‘moral’ responsibility to equip them with all modern facilities with excellent
“placements”.
C.For
Employers
In my words – Good Results and Good Institute means
you are only ‘intelligent’ but not ‘creative’ BUT “Creative” people are
definitely “intelligent”. Example – Tata, Ambani, Birla, Dalmia, Bill Gates
etc. If you are a real manager – the real ‘talent’ test is for you to convert a
‘Rough Diamond’ into a ‘Shinning Diamond’.
In fine, it’s my humble request from all
‘recruiters’ please visit ‘other’ B-School campus also and I am sure you will
definitely get 10% ‘Real’ talent better than any Top – 20 B-Schools. Please do
not go by their percentage in 10th, 10+2, Graduation and Post
graduation because we all know very well that ups & downs are the
parts of life which are momentary. Rather devise your ‘Test’ in such a manner so that any candidate’s total caliber will
be just before you.
My famous quote from www.google.com
“Never
take someone for granted, Hold every person close to your heart;
Because
you might wake up one day, and realize that you have lost;
A
diamond while you were too busy, Collecting stones!!
SOURCE
A. Interaction with my students in more than 1000+ institutions
in India (20 States including 300 cities).
B.Interaction with my executives / managers in more
than 250+ companies (20 States including 300 cities).
C.
Websites searched & approached through www.google.com
D.
Websites searched & approached through www.wikipedia.org
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