Future MBAs must be capable of revamping business models and strategies, says Dr R K Mishra, Director, IPE Hyderabad
Urvashi Dalal, 13 Apr 2016, #IPE Hyderabad
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In an interview with Careers360, Director, Institute of Public Enterprise (IPE), Dr. R K Mishra shares details about the changes in the IPE admission criteria for PGDM aspirants.  He further talks about the value and scenario of management education in India, and the challenges to cope up with.

Dr. R K Mishra talks about the challenge of preparing future MBAs to be capable of evolving revamped alternative business models as well as innovate business and risk management strategies, etc., which will stand the company/business entity in good stead to weather  recessionary storms, or business Tsunamis.

 

Read the full interview below where the Director talks about the updated changed in an admission process, USP of the programme and future plans.

 

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Careers360: How has the value of management education in India changed in the last 3-5 years and how you foresee the management scenario in the future?

Dr R K Mishra: To put in a word, I will say very bright. Pursuing MBA will leave students with lucrative career options as managers. The decade which ended in 2010 was characterized by the economic devastation that set in from about September 2008, with many businesses getting either wiped out or crippled, as also millions being rendered jobless across diverse sectors. This epochal event, namely the Great Recession, has taught many a lesson to several global companies which hitherto have been priding over their Goliath like stature with significant global business dominance.

 

In the wake of the aforesaid recession, therefore, B-schools must rise to the challenge and prepare students to be capable of evolving revamped, alternative Business Models as well as innovative Business Strategies, Risk Management Strategies, etc., which will stand the company/business entity in good stead to weather  recessionary storms, or business Tsunamis,  if you will.

 

Such grooming can come about through a properly thought out curriculum with a heavier bias on the case method and exposure to students about failures and successes of some renowned companies. And, in the wake of the current economic debacle of Greece in Europe with other fragile Euro economies such as Ireland, Portugal, Italy, etc., as well as the very recent slump in the growth rate of China and its globally significant currency devaluation, corporate having businesses spanning across several countries ought to be dynamic as well as prudent in their market risk hedging as well as currency risk hedging strategies.

 

Careers360: What is the total intake in the flagship PG programme in Management in your institute? Is there a change in the fee structure as compared to the last session?

Dr R K Mishra: IPE offers five full-time post graduate diploma programmes that are of two years, and also offers a 15 months Executive PGDM programme for work experienced candidates. Our two-year programmes are generic PGDM, PGDM-Banking, Insurance and Financial services, PGDM-Retail Marketing, PGDM-International Business, and PGDM-Human Resource Management. There is no change in the fee structure this year. We offer our PG programmes with a course fee of Rs.8 lakhs for two years; this includes a laptop and other reading materials. 

 

Careers360: How has been the placements at your institute for 2015 batch? Any sector/function specific trend that you noticed during the placement season this year?

Dr R K Mishra: We achieved 96% placement mark during 2015 year. The highest pay was at Rs.9 lakhs for a fresh graduate.  We expect the placements to touch a new high during the current year both in terms of average salary and number of offers which could very well be twice of what we had during the previous year.

 

Careers360: What will be your selection criteria for MBA/PGDM programme for academic session 2016? Is there any institutional emphasis on gender and academic diversity to accommodate more female and non-engineer students?

Dr R K Mishra: IPE follows a three tier admission process. We not just consider the scores of management test scores; as well will consider an applicant’s performance in writing comprehension, group discussion, and personal interview. A composite score of all the rounds is considered for final admission. Yes, we did some modifications to the selection criteria, and that is we allow students to update us with the best management test scores, till the date of GD-PI rounds. Our online application facilitates the students to update us with their best scores. IPE is committed to gender diversity.  Half of the students admitted to PGDM programmes are women and the same is the ratio between male and female faculty of the Institute. Almost all the PGP courses are headed by very competent women colleagues. This stands as the best example for multitasking. We encourage girls to take management as a career option since multitasking is a skill they develop in their DNA.

 

Careers360: What is the USP of your flagship management programme which differentiates it from the others? 

Dr R K Mishra: IPE caters to a niche of students who want to have the best from their management education in terms of their interface with industry, government, NGO sector, civil services and organizations aboard. With our exposure to management training in the last 50 years with the private sector, public sector, central and state governments, academia and international organizations, IPE stands altogether on a different keel and has carved out a place for itself as the preferred institute of management turning out young graduates in different walks of life.  IPE stands out totally different from the point of view of governance as the top notch civil servants, private sector CEOs, heads of the public sector undertakings, and scientific institutions promoting startups are represented on the Board of Governors of the Institute and its different communities.  One very important thing to mention here is that IPE activities, including teaching, draws heavily from its research – knowledge and action based.  Research projects are commissioned by a variety of agencies and institutions.  We have a great mix of faculty from all walks of management verticals. Students who are very clear with their career choice can move to specialized PGD programs like Banking, Marketing, International Business, HRM, whereas students who need time to decide can enter into generic PGDM and can opt for specializations after the first term.  

 

Careers360: Do you think the publications in peer-reviewed journals, as indexed in international databases, have a western bias? 

Dr R K Mishra: Definitely, faculty publications play a vital role in making an academic institution. Since literature update is vital in understanding industry, only such institutions will survive whose faculty is publishing. As well, those institutions will flourish and make their own mark whose MBA students are also into research and publishing. Unless students research and analyze businesses they cannot be good entrepreneurs.

 

Careers360: Any message to B-School aspirants?

Dr R K Mishra: Well, I can only say till 2008 B-schools’ output was judged based on the number of placements, till 2012, the output was judged based on the quality of placements or say the highest pay packets students received. Now the output is all about how many entrepreneurs we could send to the business world. This is an era of start-ups, innovative and new businesses. IPE also encourages students to bring in new ideas through an annual B-Plan competition called Ankur. The world is in search of well-rounded personality oriented management graduates.  It is here that IPE takes the place of pride – IPE produces graduates which have a well-rounded personality that would help the industry to go to new heights.

 

Also Read:

Top B-School Director Interview

B-School Admission In-charge Interview

 

Stay tuned to www.bschool.careers360.com for more news and special interviews with B-school directors.

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