In an interview with Careers360, Dr P Rameshan, Former Director, IIM Rohtak shares his opinions regarding the management education in India. According to Dr P Rameshan, whose tenure at IIM Rohtak ended on November 2015, success in management profession requires dedication, perseverance and hard-work, along with a strong sense of professionalism.He further discusses factors like social commitment and ethical values that must be an integral part of the future managers. Read below full interview of IIM Rohtak Director to know details about the shortlist criteria, USP of PGDM programme, and his expectations from the future students.
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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?
Dr P Rameshan: Value of something is closely linked to its utility and demand. The value of management education never changed because, with the growth of industry and organizations, more of good quality management personnel were required. However, with ups and downs in the economy, the demand for management education might have seen subtle changes (such as fewer of working industry executives willing to quit job and join management programmes due to fear of not getting a commensurate job again or due to unwillingness to spend their savings when pay hikes and bonuses are hard to come by).
In the past few years, an alternative system of management education emerged – i.e., management programmes for working executives particularly of evening and distance learning nature, and the MOOCs-type programmes. As a result, management education has become more accessible, cheaper and available according to one’s own time preferences. This alternative path enabled working executives to seek management education based on the utility to their career progress, without having to quit their job and exhaust their past savings. Today, the Direct-to-Home and Direct-to-PC programmes have made management education much simpler. This trend is likely to pick up, and a strong alternative management education industry is likely to emerge. The technological changes and the rapid convergence phenomenon are likely to accelerate the process. However, the traditional brick-and-mortar MBA is also likely to continue in the current form in India at least for the next 20-30 years.
Careers360: The number of MBA applicants has remained stagnant and it has fluctuated around 2 lakh for last 4-5 years now. What could be the key reasons for this?
Dr P Rameshan: In the past few years, an alternative system of management education emerged – i.e., management programmes for working executives particularly of evening and distance learning nature, and the MOOCs-type programmes. The alternative path enabled working executives to seek management education as per their utility to their career progress, without having to quit their job and exhaust their past savings. This obviously could have affected the growth potential of applications for regular MBA programmes. Since IIMs and major private institutions are offering alternative programmes, given the difficulty of CAT-type of entrance tests and the statistics of only less than 3% of applicants making into such institutions, many potential applicants might have been opting for the substitutes.
Further, earlier when the industry was dominated by traditional organisations, both manufacturing and services, rapid career progress beyond the operational functions was very limited for the personnel having no management education. However, today, with a large number of giant technology companies employing hundreds of thousands of people without having the need for management education, it is no longer necessary for the degree pass outs to flock management institutions for a bright career. Rather, a brighter career without a management degree or diploma is more likely in such technology companies where technical skills largely mattered. Therefore, there is no anxiety required on this front.
Moreover, at the end, it is the market forces that will decide what and who should survive and who should not.
Careers360: How have been the placements at your institute for 2013-15 batch? Any sector/function specific trend that you noticed during the placement season this year?
Dr P Rameshan: Final Placement 2015 was very successful. All 148 who opted for placement were placed (4 opted out). Top 50 had an average salary of Rs.13.60 lakhs per annum, Top 100 had an average of Rs.11.74 lakhs, and the average growth of salary for the full batch was 8.33%. Several MNCs operating in India were among the recruiters.
Careers360: What will be your selection criteria for MBA/PGDM programme for academic session 2016-18? Is there any institutional emphasis on gender and academic diversity to accommodate more female and non-engineer students?
Dr P Rameshan: The candidates meeting the CAT 2015 cutoff criteria will have to meet the next level of the cutoff for past academic records in order to get shortlisted for the selection process. The shortlisted candidates will have to participate in the common WAT-PI rounds.
There is a change in policy with respect to gender diversity and subject diversity - weights for female and non-engineering candidates have been increased.
Careers360: What is the USP of your 2-year management programme which differentiates it from the others? How do you plan to enrich your 2-year management programme in next 1-2 year?
Dr P Rameshan: A global quality curriculum delivered by good quality teachers – all with international level publications – with strong emphasis on social commitment of managers and on passionate adherence to ethical values.
A full-scale curriculum review is expected in the next 2 years, which may lead to globally and locally relevant changes in the curriculum. Corporate linkages and social participation of students are planned to be strengthened. AACSB accreditation process is also in progress.
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?
Dr P Rameshan: So long as major international journals are based in western countries, the western bias will exist and cannot be avoided.
IIM Rohtak has a successful record of international publications. In just 4-5 years with about 20 faculty members, it has nearly 100 international publications in rated journals/outlets. This was achieved by stipulating internationally-rated publications as an essential basis of evaluation of academic performance. The same strategy needs to be followed by other institutions without compromise or deviation.
Careers360: Any message to B-school aspirants?
Dr P Rameshan: Like in any other profession, there are no shortcuts to success in management profession. Success in management profession requires a long horizon, dedication, perseverance and hard-work, along with a strong sense of professionalism, a compassion for society, and an espousal of ethical values. If one does not have adequate patience or respect for these, management profession is not recommended for such individuals.
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IPM entrance test has 2 sections : Section 1 : Quantitative Ability and Section 2 : Verbal Ability.
The questions are based on mental aptitude and one’s hold over the English language. You can practise such questions from a lot of sources.
However, this can help you. Have a look : IIM Indore IPM Sample Paper
An IPM friend of mine once told me that he appeared for IPM test because he wanted to practise the VARC section for BITSAT and later decided to join IIM Indore. So, the aptitude test isn’t very IIM I specific.
Hope this helps !
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IIM Rohtak Online Entrance Examination for 'One-Year Post Graduate Programme for Executives' (ePGPx) from IIM Rohtak' will be held on 26th October 2019 (Saturday). So better govg tge exam. So better go for it and get the job done. All the best as the college is providing the course so do not miss the opportunity and go for it!
You have good chances to get a seat in IPM IIM Rohtak, as based on this number in wait list your status is expected to get confirmed soon. Hence you have good chances of admission. Integrated Programme in Management (IPM) is a five-Year programme introduced by IIM rohtak for students after class XII who aim to pursue their career in Business Management. It is a comprehensive management program that has a combined course of management studies from under-graduate (UG) to postgraduate (PG).
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