Dr Ajit Paruleker is the Director of Goa Institute of Management (GIM). In this interview with Careers360, he shares his insights on future of MBA education in India and his broad thoughts on the relevance of management education in the changing market environment. He also talks on GIM placements and admission criteria; and also shares information on total intake and fee structure for its flagship MBA programme.
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Read interview excerpts:
Careers360: How has the value of management education in India changed in the last 3-5 years? How do you foresee MBA programmes changing in future?
Dr Ajit Paruleker: In the last decade, worldwide the sheen of MBA programs seemed to have faded. From the Ivy League schools to the average Indian business school has grappled with this issue. The world has changed in the last decade - the sub-prime crisis followed by the euro crisis, the emergence and success of e-commerce, social media and the larger peer-to-peer communication boom has all challenged the relevance of the traditional MBA. The MBA rethink is something that I believe is work in progress. I believe that in the future, the MBA program duration will reduce from the American 2-year program to the European 12-15 month program as more aspirants with significant work experience evince interest in the MBA program. I also believe that in the current changed world, a lot more emphasis will be on innovation, entrepreneurship, operating in the new world of social media, e-commerce, and virtual money.
Careers360: The number of MBA applicants has remained stagnant and it has fluctuated around 2 lakh for last 4-5 years. What could be the key reasons for this?
Dr Ajit Paruleker: This is a transition phase since the traditional MBA model is being questioned and is undergoing a revamp. This has also been the case with engineering schools where the problem is further aggravated due to the excess availability of engineering seats which lie vacant. The new IIMs and expansion plans of well-established B-schools is going to nudge out schools who add lesser value to students. I think this upheaval is good as the overall quality of MBA education will improve.
Careers360: What is the total intake in the flagship PG programme in Management in your institute? Please also mention annual fee (excluding hostel charges) for the same?
Dr Ajit Paruleker: The intake for the flagship PGDM program is 240 and the annual fee is Rs 13.85 Lacs (excluding hostel charges).
Careers360: How has been the placements at your institute for 2015 batch? Share a few details.
Dr Ajit Paruleker: GIM once again witnessed a 100% campus placement with the average placement salaries increasing by 10% to 8.75 lacs p.a. 56 recruiters participated in the placement process from a variety of sectors including Consulting, IT/ ITES (40%), BFSI (23%), Consumer Durables, FMCG (12%), Pharmaceuticals, Hospitality and other domains.
Careers360: What will be your selection criteria for MBA/PGDM programme for academic session 2016? Is there any institutional emphasis on gender and academic diversity to accommodate more female and non-engineer students?
Dr Ajit Paruleker: The selection criteria will be composed of a large weight for the competitive examination score, followed by the GD/PI performance, and an equal weight for past academic and work experience. We have been keen to promote diversity - both gender, as well as academic diversity, has been usually in the range of 35-40% female students. This year we are also introducing an achievers route wherein before the competitive exam results, we will call a select few exceptional candidates (based on their past academic performance, industry work experience and other notable achievements) for a GD/PI process. These students will also be eligible for the GIM scholarship. This is for the first time we are introducing the achievers route.
Careers360: Do you think the publications in peer-reviewed journals, as indexed in international databases, have a western bias (USA, UK)?
Dr Ajit Paruleker: Indian Business schools have largely been MBA training schools and have had a relatively small contribution to the body of knowledge. This is changing fast and a large number of institutions are moving to the 'publish or perish' credo. The number of high-quality Indian and Asian journals is very limited as a publishing avenue and hence, researchers continue to target publishing in the high-quality western journals. This is a process of evolution and we should see the emergence of very high-quality journals from the sub-continent in this decade.
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