In this exclusive interview with Dr. Tapan Kumar Panda, Dean, Jindal Global Business School, O P Jindal University, Sonipat states the importance of an upgraded MBA curriculum rather than a traditional one. He states, that technology is playing a major role in the MBA curriculum and B-schools must incorporate them.
Sharing his initiatives for the upcoming years, Dr. Panda mentions that Jindal Global Business School, Sonipat is setting up a business analytics lab on our campus with a cloud computing support. Sharing his message for MBA aspirants, he mentions that one must attend a management programme which is multidisciplinary which makes them job creator rather than job seeker.
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Excerpts of the interview:
Careers360: What are the full time MBA programmes offered at OP Jindal Global University? Please mention the intake and fee.
Dr. Panda: We have three MBA Programmes this year. The full time MBA Program has 90 intakes, MBA Business Analytics (with IBM) has 60 intakes and MBA (Family Owned Business) has 30 intakes. The fees for the programmes are Rs. 5.5 lakh per annum excluding hostel fees. The fee to IBM for MBA (BA) program is Rs. 1.5 lakh spread over next two years. There has not been any change on the fee compared to last year.
Careers360: What are the admission criteria of your institute? Are you introducing any change in the process this year?
Dr. Panda: We take students with higher CAT, XAT and MAT Percentiles at the school as its linked to our scholarship policy, a 90 percentile CAT is an acceptable score to avail 100 percent scholarship in tuitions. However, the entrance scores are not the only criteria for us. GD/ PI and Case analysis along with SOP are essential component of the selection process. We intend to do a psychometric test of each students before they join our school.
Careers360: What are academic initiatives you plan to introduce in the coming years?
Dr. Panda: We have a very ambitious plan for next few years. We are setting up a massive business analytics lab on our campus with a cloud computing support. The SME network will bring in more than 100 SME entrepreneurs and our students will work with them, solve their challenges and problems through the incubation and entrepreneurship centre. Opportunities for global degrees is also on a rise with more opportunities in partner schools in US, UK, Australia and New Zealand with our 1+1 articulation programme, exchange programme and immersion programmes. The ten new research centres are giving opportunities to students to work with potential recruiters on various domains and solve their business challenges while they are in the school.
Careers360: How are you enhancing the corporate sync with the curriculum?
Dr. Panda: We are a school set up by one of the largest business houses in India. Jindals have established the school with a vision to build a global school. IBM has set up a business analytics lab with a massive investment and loaded with latest software including big data analytics. We have also partnered with leading e-commerce companies and banks for developing industry integrated programs. We have partnered with KPMG for our K CAP programme. So our idea of working with a partner covers design, conceptualisation, delivery and joint certification of programmes. We have industry mentors and faculty from corporates coming and handling course at school level. We are creating a network of 150 small and medium industries for our students to spend a term with the industry partner and understand business issues and challenges.
Careers360: How do you prepare the students for the placement process and make them job ready?
Dr. Panda: We run mentor- mentee programme, take our students through the language lab, reskilling them with learning from emerging areas like business analytics, cloud computing, social entrepreneurship and Internet of Things. Students are getting ready for the emerging jobs of the future.
Careers360: How do you support those students who want to work on their own venture?
Dr. Panda: We have set up our incubation centre and will prefer students to incubate their business and pitch for funding from angel investors than joining start-ups. However, some students are willing to join the start-ups if the ESOP options are attractive.
Careers360: How has been the placement trend for 2017 batch?
Dr. Panda: This year we saw maximum recruitment from FMCG and manufacturing sectors. Marketing and Analytics were the highest recruiting domains. The average salary offered was Rs. 11.6 lakh per annum (LPA) and the highest salary was Rs. 23 LPA. Amazon made the highest number of offers. Other top recruiters were ITC, JSPL, IBM, KPMG, Axis Bank and ICICI Bank. The total number of participating students was 29, who were made 43 offers by 37 companies.
Careers360: What are the key challenges that MBA education scenario is facing today?
Dr. Panda: The curriculum in many places have become irrelevant. Schools have not been able to catch up with the changes in external world; technology adoption in both program design and delivery has been poor in many parts. Schools’ ability to innovate programmes and bring in experiential learning has restricted the growth of MBA as a product. Issues like climate change, business sustainability and emerging technology.
Careers360: What is your message for MBA aspirants who wish to enter your B-School the coming academic year?
Dr. Panda: There is a shifting change happening in the outside world. Business is becoming more accountable and hence is forced to be more responsible. Instead of focussing on the schools which teach traditional MBA programme, look for reviewing the content/ curriculum and see whether the programme addresses these issues through its design or not. Similarly, technology is bringing alternative paradigm in terms of not only building strategy but also the way it is operationalised. Cloud computing, business analytics, Internet of things, Social media strategy, block chain enabled management decision making are subjects leading to better career prospects, so one should look for how fresh an MBA programme is than how old the school is. Please ensure you attend a programme which is multidisciplinary in nature and addresses these issues. Look for programmes that makes you job creator than job seeker.
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