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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With 82.92 percentile in CAT and as you have mentioned your academics and it is more than average and also your work experience will be beneficial for you,there are some chances that you will get call from these colleges.It all depends on the sectional cut off in all 3 sections of CAT.
However there are some other top colleges where you can get admission with this percentile,you can check them here
I Hope This Information Helps
Best Of Luck!!!
I would like to congratulate you on securing such a decent percentile in CAT. Considering that you are from OBC category will enhance your chances of securing a call from good B-Schools. I am listing down some of those B-Schools from which you can expect a call with their average salary:
Average Salary Package(in Lakhs Per Annum
KJ Somaiya, Mumbai
However, this is not an exhaustive list and there are some other colleges from which you can expect a call. You will have to appear for another test for admission in IRMS and your CAT score will only act as a qualifying one.
Your graduation in BCom will serve you as a catalyst since colleges prefer diversity in their batch as most of the people doing their MBA nowadays are engineers.
Now, since you have a fair understanding of the colleges, you may as well start preparing for Group Discussions and Personal Interviews since you won’t be having ample time of preparing once the colleges start rolling out the shortlist and summon you to appear for their GD/WAT/PI process.
I hope I have been able to solve your query. Do write to us in case of further doubts and we will be glad to help you out. All the best!!!
see there is numerous students give cat exam, and iims are one of the best institute to pursue mba or pgdm courses, all iims has some cutoff and criteria based upon which candidates are shortlisted, its not possible that all candidates who participate in cat get calls from iims, you may follow the below link to know about cutoff of different iims,
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