In this interview with Careers360, Brig. (Retd) Rajiv Divekar, Director, Symbiosis Institute of Management Studies, talks about the institute's admission factors, and insights about the MBA scenario in the coming 3 to 4 years.
Brig. Rajiv Divekar says that besides the admission factor, it is important for the management institutes to devote considerable attention on improvising students' communication abilities, particularly in English.
Explaining the selection procedure of SIMS, he says, there is no institutional emphasis on gender and academic diversity to accommodate more female and non-engineer students.
Brig. Rajiv Divekar also advises MBA aspirants to think hard upon all the factors prior taking admission to any of the MBA institutes, as the impact of the decision will change your life.
Read the interview below:
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Careers360: How has the value of management education in India changed in the last 3-5 years? How do you foresee the MBA programme scenario in the coming 1-3 years?
Brig Rajiv Divekar: Management institutions have mushroomed in India, but quality remains elusive. Post 2000, management education in India has attained unprecedented heights but the number of job-ready students has been found to diminish; with almost zero number of work experience, these people have been found to be incompatible to dwell into the practical world after an MBA. However, the worth of an MBA degree has been found to be increasingly high compared to other post-graduate degrees. The recent years have seen an unprecedented rise in the demand for an MBA, besides anything else.
Nevertheless, the demand for an MBA degree is increasing by top employers in India and abroad. The coming years will see a decline in traditional mundane management education. On the other hand, education that prepares students to work in numerous business areas such as manufacturing, financial services, hospitality, public enterprises, entertainment and sports areas, media and so on are very much in demand. It is also important that management schools devote considerable attention upon improvising the students' communication abilities, particularly in English.
Careers360: The number of MBA applicants has remained stagnant and it has fluctuated around 2 lakh for last 4-5 years now (reflected in CAT application number). What could be the key reasons for this?
Brig Rajiv Divekar: Firstly, one big reason could be the humongous amount of fees that a postgraduate degree like MBA requires. Top B-schools charge in the range of Rs. 15-25 lakhs as the course fee, which is unaffordable for many aspirants.
Secondly, not all B-schools are capable of providing a desirable job to their students; hence, students tend to aim for the best and in turn, end up sparing a lot of time to enrol into a B-School.
Lastly, many new B-schools have emerged in the past few years; hence, competency has risen. Therefore, the population of aspiring MBA graduates has probably spread evenly across all institutions.
Careers360: What is the total intake in the flagship PG programme in Management in your institute? Is there a change in the fee structure as compared to the last session?
Brig Rajiv Divekar: The total intake for the MBA flagship Programme in our Institute is 300.
Annual Fess (Excluding hostel charges) for 2015-17 is: 2, 33,000
Annual Fess (Excluding hostel charges) for 2014-16 is: 2, 11,500
Careers360: How has been the placements at your institute for 2015 batch? Any sector/function specific trend that you noticed during the placement season this year?
Brig Rajiv Divekar:
1. Batch Size - 308
2. Number of offers - 285
3. Average Annual Package - 8.5 Lakhs
4. Number of International MNCs as recruiters - NA
5. International Offers- Domestic Offers get converted to International offers depending on profiles
6. Cross Country Roles - NA
7. Any Sector/ function specific trend that has been noticed during the placement season this year. - NA
Careers360: What will be your selection criteria for MBA/PGDM programme for academic session 2016? Is it any different from the last year? Is there any institutional emphasis on gender and academic diversity to accommodate more female and non-engineer students?
Brig Rajiv Divekar: Students must appear in SNAP to be eligible for our selection process. The eligibility for the test and its exam pattern, for the academic year 2016 remains same. There is no institutional emphasis on gender and academic diversity to accommodate more female and non-engineer students.
Careers360: What is the USP of your flagship management programme which differentiates it from the others? How do you plan to enrich your flagship management programme in next 1-2 year?
Brig Rajiv Divekar: We are the only Institute that has a MoU with the Ministry of Defence; this institute is designed majorly for defence personnel and their dependents. The institute has planned to start an international defence hub across ASIA and the SAARC, as part of an initiative by SIMS.
Careers360: Do you think the publications in peer-reviewed journals, as indexed in international databases, have a western bias (USA, UK)? What should be done to increase the no. of publications in the management domain?
Brig Rajiv Divekar: Not really. Well, researched papers are accepted and published in indexed journals. Only the quality of research is still not very good in India. We need to improve upon our quality and do meaningful research and it will certainly get published.
Careers360: Any message to B-School aspirants?
Brig Rajiv Divekar: While doing MBA is important, doing it from a good institute is very important. Don’t be in a hurry to join any institute. Even if you have to drop a year and prepare, do so. It will help you get into a good institute and that will change your life and the impact will remain for the rest of your career of around 40 years.
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let me clear your doubt. the fee structure for bba and mba program vary from college to college.
For christ university
Bachelor of Business Administration [BBA] For 3 year fee is Rs. 3,20,620
Master of Business Administration [MBA]for 1 year fees is Rs. 3,03,600
For symbiosis university
For bba academic Fees Per Annum is rs 2,80,00 and Institute Deposit (Refundable) fees is Rs 10,000
for MBA programme total fees isRs. 17.06 Lakh
I hope my answer will help you out
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