Challengers on the Horizon
Competition is always the best mechanism to bring out the best in any endeavour. And education is not immune to the same. Thanks to the liberal approval regime the students today are in a happy situation of being able to choose, though the choices are constrained by the quality of schools. At the top there is still an acute paucity of seats. The top 50 schools put together might have not more than 30,000 seats. And that may not be a good scenario.
With the opening up of the new IIMs and hopefully management schools within the new IITs, the number of seats would definitely go up in the coming years. But what is heartening is the opening up of high quality B-Schools in the private sector too, in the not-for-profit mode.
The six schools that we present before you belong to the that breed, comparable to the best in the public sector. They right now may not have neither the faculty strength nor the brand equity to compete with the IITs or IIMs. But thanks to the substantial endowments that their promoters have put in, they do have the right DNA in place to be great institutions.
Greatlakes has been the only high-quality school that have come up in the recent past, which within a short span of a decade has established itself as a top-ranked school and figures routinely in the top 50 schools of the country. All of them have got their infrastructure and core faculty team right. Some have also put in place a good visiting faculty team. Some others have enviable core tie-ups. With the right kind of investment and judicious expansion in their student strength, these six schools could be on the top in the coming years, sooner than later.
MYRA School of Business
Given the fact that good beginnings are the best means to a great result, MYRA has won the game hands down. With its award-winning infrastructure, with floating class rooms, outdoor amphitheatre, CXO suites and sun-washed faculty cubicles everything about this young B-School at Mysore shouts ‘GRAND’. “The architectural philosophy is sheer poetry. The academic architecture resonates with our vision and mission. It is designed to create two worlds – futuristic exterior image, a facade that expresses the aspirations of the institution and all the stakeholders and the interior world is a microcosm of the city, a series of public spaces and quadrangle, drama of light and shades, and a stunningly beautiful library for knowledge sharing and discovery” says their website.
With an enviable international faculty cast, and a core faculty team of seven, the school offers both a PGDM for fresh graduates and PGPX for working executives. With an academic approach that is open, innovative and willing to experiment with different models, the school also does not shy away from harnessing the benefits of technology. If it can put in place a structured research and corporate interface programme, then MYRA school of Business would rank very high up in the comity of schools very soon.
Old sins cast long shadows and business schools need to complement traditional approaches with pedagogical innovations if they are to succeed in the future. MOOCs or Massive Open Online Courses, offer opportunities for students across the globe to learn from online courses prepared by professors and is forcing business schools to re-think the traditional approach to instruction. Successful business schools will be the ones that have
“We are the only truly not-for-profit private university,” asserts Prof. Raj Kumar, VC, Jindal Global University, whenever we have an interaction with him. The university which has raked in a very good name for legal education (despite its relatively high course fees) has now embarked on setting up a B-School. Being located in a university set-up, which also has a public policy and liberal arts school, the Jindal Global Business School (JGBS) has all the interdisciplinary bases essential to nurture a rounded business manager. The 80-acre pristine campus, with enviable greens all around, hi-tech, all-steel and glass facade infrastructure, the posh residential facilities and add-ons like fitness centre and gym do not hurt at all.
Led by a professional academic, the school has put in place a good 17-member faculty team of which 14 are PhD-holders. The research DNA of JGU would definitely rub off on to the new baby as well. If they could get corporates to engage with on a sustained basis JGBS is sure to be a tough competitor.
Our business programmes have three distinct features. First, our faculty is engaged in research and involves the students in their research. Second, we have collaborations with leading institutions around the world, and being global translates into global content in our courses and study for a semester abroad. Third, our multidisciplinary programme ensures that our students take courses that traverse related disciplines. Thus, five years from now, our business school will be counted among the knowledge creators of the world and making contributions that not only impact the performance of their organizations but also make a contribution to society
Among all the players we have featured, Flame was the toughest cookie to crack since the institution and its leadership was known for bringing in liberal arts education, probably for the first time in the country. What stands out for the campus is the promoter’s pedigree, the leadership’s vision and the modest goal they have set for themselves. The school is focussed on excelling in finance and its related domains. And focus does bring in clarity and generally realisation of goals is not difficult then. A 75-acre residential campus, with a vibrant art and humanities combinations may act as a good counterfoil to the cuts and thrusts of high finance. We hope that the PGDM programme would come to be respected in the coming years.
FLAME School of Business intends to become a destination for students aspiring for a career in finance. FLAME encourages its students to become entrepreneurs and provides seed funding to new ventures. FLAME brings a holistic perspective to business and its role in society
Shiv Nadar University
If pedigree and promoter strengths were to be the sole criterion for success, the School of Management and Entrepreneurship (SME) of Shiv Nadar Univeristy could very well be declared a winner. With an enviable endowment, huge investments in engineering education, the SNU provides a good base for a management school to develop and grow. With a 286-acre fully residential campus within NCR, open access knowledge centres, substantial sports facilities, the SME would not be found wanting for resources. It is in ramping up fast on the faculty domain that it would face its most critical challenges.
As an ambitious B-School with plans to enter into undergradute teaching (its thriving engineering school would demand that) and plans to offer a PhD programme the institute needs to ramp up fast on its meagre 8-member faculty team. And if international student body is a goal, having a multinational faculty team definitely is going to be a necessity. If the school can grow fast enough, don’t be surprised to see it in the Top 50 soon.
I see the School of Management evolving into an important player in the field of management education not only in India but also internationally. We hope that within a period of 5 years from now we would have around 20% of our students from abroad
Launched with an MBA programme, wherein the eligibility is a professional degree like CA or CS and work experience, the MBA (Banking & Finance) of the NIIT university signals the direction the school would take. The programme, which the university offers along with ICICI Bank shows how tightly integrated the university’s programmes would be with the industry.
The general MBA programme offered by the university too has an industry mentorshop, which might help the student in navigating his career path better. The 100-acre eco-senstitive campus, 21-member faculty team and high class living conditions add to the institute’s charm. If it could get the individualised branding right and put in place a strong research ethos, there is no stopping this competitor in the coming years.
NIIT makes every effort to do away with the often-heard complaint that university programmes are generally cut off from the actual requirements of the industry. Our MBA programme aims to create a new generation of professionals with analytical skills and expertise in different areas
“Super niche” is the term that comes to one’s mind while describing the Symbiosis School of Banking and Finance (SSBF), Pune, the newest addition to the Symbiosis family. While the brand name does give it an advantage, the ethos of the Director Dr Bhama Venkatramani in not taking any short cuts to succeed gives us the hope that the school is on the right track.
With its exclusive focus on the finance sector, the school seeks to build a cadre of professionals for the BFSI sector. The symbiosis brand name, projects, infrastructure and residential facilities would help, provided they increase their faculty team from the current strength of six.
It’s lofty vision “To be a globally renowned educational institute engaged in creation and dissemination of knowledge for the Banking & Financial Services domain” would only fructify if it globalize both its faculty and student intake in the coming years.
Symbiosis School of Banking and Finance aspires to be the preferred destination for high quality education in Banking and Finance. Working towards this vision, we have identified four focus areas that we would pursue in the next five years and hope to contribute to the nation’s ‘financial inclusion’ agenda.
Dr. Bhama Venkataramani,