High Time For Indian Business Schools To Wake Up

BENGALURU: It is really unfortunate that most of the Indian B-schools are gradually taking the last bench in the rising competition. No Indian business school is able to make it to top 10 global B-schools. As per a report by Business Standard, none of the B-schools from India were chosen among the 17 B-schools chosen by Bloomberg Business week Rankings.

The 20 year old CEIBS, China Europe International Business School, beat the 53 year old Indian Institute of Ahmadabad, and was ranked 11^th in Financial Times’ Global MBA ranking 2015 and the 17^th position in Bloomberg Business week Ranking 2014.

IIM A managed to reach to the 26^th spot in the FT ranking 2014. Two others schools that made it to the FT lists are Indian School of Business and IIM Bangalore. On one hand, Indian School of Business has managed to climb to 33^rd position from 336^th but on the other hand the IIM Bangalore has slipped from 66^th to 82^nd position.

It is really a matter of concern that India being the largest market for MBAs, followed by the U.S. and Philippines, has only three B-schools with AACSB accreditation. It is highly essential for India to organize a body to deal exclusively with the B-Schools. India must get inspiration from China,  which set up its own MBA accreditation system in 2013-14 and 15 of its B-schools are accredited by AACSB.

IIMs have a lot to improve in all its spheres and should focus on thought leadership instead of case studies of businesses in developed nations. Instead of considering MBA as one of the common post graduate programs they should focus on skills development and improving employability of their graduates.

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