B-school regulator should focus on creating facilitative environment: Dr Rajan Saxena, VC, NMIMS
Dr. Rajan Saxena is Vice Chancellor of NMIMS and former Director of IIM-Indore and SPJIMR. A renowned academician in management education, Dr Saxena has over four decades of professional experience in teaching, research, consulting and institution building. He has also taught at top Indian B-schools like XLRI- Jamshedpur and IIM Calcutta.
In this interview with Careers360, NMIMS VC Dr Rajan Saxena shares his views on different critical issues business related to MBA/PGDM education in India. Dr Saxena also talks on his expectations from new HRD minister regarding management education in India.
Careers360: What should be the role of regulatory regime in Higher education space, especially business education?
Dr Rajan Saxena: The regulatory regime in Higher Education should lay down standards required for making Indian Higher Education globally competitive. For this, the standards need to go beyond the physical ones. The Regulator's role should also be to identify gaps in Higher Education which should be based on good research in student and employer markets. Many a time education planning in India fails primarily because there is no backup research on the same. The regulator does not have to focus on curriculum design, admission process or student selections and fee fixation. These are matters which are best decided by the institutions because they know their markets. Hence the focus of the regulator should be to create a facilitative environment for education to grow and prosper without damaging the autonomy of the institutions. Any exploitative practice in the sector should also be looked into by the regulator. Thus the regulator role has to be:
- Create facilitative environment for both domestic and foreign institutions
- Protect the interest of the student community by ensuring that there are no exploitative practices
- Research student aspirations, employment trends and global developments in higher education including application of technology in the sector.
Careers360: Does the current policy structure in B-school space meet your expectations?
Dr Rajan Saxena: No. The current policy structure and regulations in B-Schools do not meet my expectations. Currently Management Education, especially in autonomous institutions offering PGDM programs is under AICTE. The orientation of AICTE is unfortunately restrictive and many a times the decisions emerge from a control mindset. The orientation is also to check on to physical infrastructure and faculty numbers. Many of these regulations do not reflect current day realities. For example, today with extensive use of technology for program delivery there is a need to relook at faculty-student norms. There is also a need to consider multi-disciplinary courses and allow institution to innovate on program design, structure and pedagogy.
Careers360: What should be the management education priorities for new HRD minister?
Dr Rajan Saxena: I would suggest the following priorities for the new HRD minister
- Encourage B-Schools to acquire national and global accreditation
- Invest in Faculty Development by providing scholarship support for the Doctoral/Fellowship Program (IIMs/XLRI/MDI etc.). This scholarship should be available to all students who gain admissions in Ph.D. in any university or institution without discrimination between Public and Private.
- Encourage/allow foreign Business Schools to set up their campuses in India. This will in turn make top Indian B Schools world class and many others will also improve their quality.
- Scrap AICTE as it has outlived its utility. Instead create a National Commission on Management Education which should be led and staffed by Management Educators and industry personnel who understand the nuances of Management education and the direction it should take.
- The commission should have nothing to do with approvals.
- License/Inspection Raj must end.
- Allow Indian Institutions to source students from the world market.
- Time has come when the world must see what India can offer and how India can influence the global thought process.
- Facilitate entry of foreign agencies in Testing, Student services, Infrastructure providing, counseling etc.
- Project finance should be available to Business Schools for construction of campuses and residences. This finance should be available from a bank not at commercial rate of interest but at the Sovereign rate and with an extended repayment period.
- Facilitate, if required financially, Business School to embed ICT in their institutional development and growth.
- Quality in Management Education should be the hallmark of Indian Management.
- There should be no capacity restriction on institutions.
The Regulator's role should also be to identify gaps in Higher Education which should be based on good research in student and employer markets. The focus of the regulator should be to create a facilitative environment for education to grow and prosper without damaging the autonomy of the institutions.
Careers360: Are average B-schools today able to give value for the money spent on their different programmes?
Dr Rajan Saxena: Average B Schools are today caught in a vicious cycle of no admission and hence no or little revenue thus leading to their inability to pay their faculty and staff and hence no value addition for the student, which then again affects their admissions. The fact that they are not able to add value deters recruiters from recruiting students from these schools, which also impacts admissions.
If this vicious cycle has to be broken, then promoters have to invest in the schools without looking for returns. Education, like infrastructure, is a long haul business and in any case never a profitable one, the way any consumer product or manufacturing or services firm would be.
Careers360: Do you advocate more IIMs in business education space? Why?
Dr Rajan Saxena: No, I do not advocate. It is time that the governments understand that Management Education is not a mass education. It can never be as large as that of engineering or any other undergraduate program in universities. By very nature, Management Education is a professional education offered at the post graduate level. By expanding IIMs and opening them in every state, Government will only contribute to a further decline in the quality of these institutions and in turn create MBA graduates who will not find jobs. The last six IIMs created by earlier government are already facing difficulties in terms of faculty, curriculum, placements and leadership.
Careers360: What is the role of accreditation for B-schools in India? How important is it for Indian B-schools?
Dr Rajan Saxena: Accreditation is a most critical component in determining the quality of a business School. All B Schools in India may acquire at least national and later regional and global accreditation.
Stay tuned to bschool.careers360.com for more interviews with top B-school deans and directors.
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Questions related to NMIMS Mumbai
if i accept my offer in alloted college in first merit list, will i still be considered in subsequent merit list of nmims?
According to the norms set by NMIMS , if you take a seat in first merit list then other options will be closed for you means you will not be considered for the second merit list. However, you can transfer your admission in case the college you chose in first merit list , allows you to do so.
To know more about NMIMS Admission and counselling, follow the given link:
can i tranfer from du to nmims in the 2nd year?
According to official information graduation students are not allowed for migration in 2nd year. But it is even mentioned if the transfer is compulsory do consult the administration and then principal with reasonable reason for migration. So, just let your college know about your administration and if they agree you will be allowed for migration with few rules and regulations.
for ballb, which is better vips ipu, kle society bangalore or nmims indore
Well,here is the comparison of the three best colleges for ballb
KLE Society's law college Banglore.:-
Well, college endowed with Experienced faculty members,library and also classrooms equipped with the comfort seating and other facilities.
Teachers of this college provide thorough understanding of the subject and professional skills to Students.
Many successful students of the college from its inception have occupied top position in society in various fields like, advocacy,c corporate practice,chamber practice,management,government offices etc.
Here,the BALLB program helps the students to enhance their debating skills and give students an idea of how to present oneself in the courtroom.Classroom teaching is supplemented by seminars,guest lectures and interaction sessions with great personalities,practical demonstration,etc.Innovative methods of teaching consisting of long classroom debates about current issues, presentations, plays/skits, court visitation and many more methods .
It is also highly credible education institution.
VIPs ipu :
It is also good for ballb.
College offers various courses.
Infrastructure of the college has lush green campus.VIPs ipu has best faculty members and placement too.
Well,we know that there is no substitute for hard work...so if you are a hard working student then you will surely give your best whichever college you choose.
All three colleges have their own good record.But while choosing the college it is necessary to develope short list of good Colleges according to various factors.So rank your priorities while choosing any college. And then select the college.
all the best!!!!
Hope this helps..
fees of nmims mumbai of ba llb
Well Aastha, it's good to see you have chosen nmims as you preference for your 5 year long course of BA LLB. Their current fee structure for the course you want to pursue is 4.76 lakhs. It is a 5 year long program and going for the same in nmims is a value for money.
Which distance university is best for bba icfai,lpu, symbiosis, nmims, or any other, Im from hyderbad
I would recommend you to go for ICFAI.
ICFAI University is a renowned and very reputed for management studies.
It also offers distance education courses and BBA is one of the popular courses offered by the university.
It highly rated so you should go for it.
I hope this helps.