Interview: Prof. Bala V Balachandran, Founder, Dean and Chairman, Great Lakes Institute of Management
Prof. Bala V Balachandran, Founder, Dean and Chairman, Great Lakes Institute of Management, speaks to Ashish Jha on the challenges confronting management education
Q. What are the key challenges for management education in India? What are the unconventional opportunities for fresh MBA/PGDM graduates? Prof. Bala V Balachandran, Founder, Dean and Chairman, Great Lakes Institute of Management, speaks to Ashish Jha on the challenges confronting management education
A. There are two major challenges; one is qualified and competent faculty, both from academia with solid PhD and, of course, from industry, Govt and other sources of professional expertise who have good and effective communication skills; and financial resources to meet the rising salary and other packages to attract and retain such faculty. In terms of unconventional opportunities, students who are joining entrepreneurial ventures are getting substantial exposure and responsibility early in their careers and several are also starting new ventures on their own.
Q. Many management institutes closed last year. Also, the number of management aspirants has come down. How big is this challenge?
A. It is important that mediocre schools know that if they cannot sell their graduates to the dynamic industry who wants talent and skills with adaptability to changing needs of the corporate world, cannot cater naturally, they have to wither and go, like what’s happening to Engineering schools over past few years. I say, "Be distinct or extinct".
Q. Have you taken any initiative to enhance batch diversity in terms of gender, work experience, academic background, region etc?
A. This is the only B-School in Chennai, which has two-thirds of its students from rest of the country. Though we are located on the outskirts of Chennai in a 30-acre state-of-the-art platinum-rated green campus, we have 67% from North and non-south part of India. In fact, Hindi is the language commonly used. We have over 37% women students, again the highest in any B-School. We have diversity in industry, academic background and religious diversity as well.
Several ‘so-called’ faculty are being produced who have fake degrees and fake PhDs. Govt. should encourage students to pursue quality PhDs so that seeds can be sown for the future
Q. How do you rate the ROI in management education? What skill sets can guarantee a job to a fresher?
A. If you are a quality institution and preserve top-notch faculty with a decent infrastructure over and beyond the AICTE norms, ROI is automatic. We have 100% jobs year after year. Freshers can maximize their changes through a combination of (a) developing tangible competence in an area they are good at, (b) developing their soft skills enabling them to communicate well and (c) most importantly, having the right attitude and realistic expectations.
Q. What were the key placement trends in 2014? Which sector has seen a surge in demand?
A. Placement trend is getting better. 2012 was the worst, and '13 and '14 are getting better. However, you cannot be complacent. There is an overabundance of graduates with MBA and the 'Survival of the Fittest' will be the mantra. Of course, IT sector is dominating and services sector also. Manufacturing needs soul-searching questions and the laws that are archaic need to be looked at.
Q. Besides case-based learning and ‘hands-on’ exposure, what are the new modes of learning?
A. E-learning and tech-supported learning are the new trends. We believe in substantial experiential learning. We have a stock market trading forum with Bloomberg Terminals and faculty who can also trade. Incidentally you don't need to have an exam and the money made with the same investment is a better indicator!
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Questions related to Great Lakes Institute of Management, Chennai
pls provide last year cutoff of great lake for cat and cmat
Cut off of a specific college can differ every year. It depends upon various factors such as total number of aspirants, highest scorer, number of seats, difficulty level.
If we take previous year records , the expected cut-off of CAT for Great lakes was 80% and of CMAT was 85-90%.
Hope this help!
Which colleges should i prefer Great lakes chennai Pgdm or kj somaiya International business?
Great lakes chennai has 4.3/5 rating from the students of the campus. it indicates that college has done it's best in all the factors. Fee structure over 10lakhs with additional charges which is bit higher for 2 year course. fee structure vary as per stream/domain. for admission, institute accepts CAT, XAT and GMAT. even MAT score is accepted for admission.
Other facility like Infrastructure, library, space for extra-curricular work is good and best. You will get good enough space to use and test yourself to find what you are good at. Faculty are well experienced holding PhD degree. They do best to teach student and make them learn.
KJ Somaiya International Business:- well service provider for well recognized for one of the best B-school in India. Infrastructure is good. experienced faculty, placement is best as students gets placed in top fortune 400 MNCs. It offers PGDM specialization in streams like HR, operation, Finance and marketing.
entrance exam considered :- CAT/XAT/GMAT/ CMAT. fee structure is 14.93lakh approximately. Highest package offered is 27lpa.
considering fee structure as a factor, KJ somaiya will be better option. for rest term of factors, both the campus are same. You can choose any one you find interesting.
Hope it helps!
I have 22 months of work experience in automobile sector and i have recieved a call from Great Lakes Chennai. I also recieved a call from KJ Somaiya Institute. Which Institute should i go for considering placements and my current work experience.
Both the colleges are highly demanded and good reviewed college. Rating given by the students indicates college provides best environment and support of faculties for improvement of students skills and knowledge. You can choose anyone which you find suitable for you.
On the basis of placement, you can choose Great Lake college as it has good placement performance and as per the statistics, it increases every year.
for more information, please visit the link below:- https://www.careers360.com/colleges/kj-somaiya-college-of-engineering-mumbai
Hope it helps!
Hello!Can I Know About the Weight age given for Academics?
Please mention about which stream you want to know.
If you are asking in general then it is just a bar which is kept as eligibility criteria by college , institutes and organizations for selection or admission. So it is important to score above 60% which is quite stable and makes easy to go through the process. There are institutes like IIT and NIT where you can take admission only if you have 75% in 12th
Many MNCs hire candidates with eligibility criteria above 65 -75 also.
But there are many other option also where your skills will be considered over your academics score.
Hope it helps!
is it worth persuing PGPM from great lakes chennai after having 4.5 years of work experience?
Great lakes institute of management, Chennai has great placement record for pgpm courses. Every year, almost 98% students placed in different reputed companies like Dell, HCL, ITC, EY, Cognizant, Genpact, KPMG, Snapdeal, TCs etc with median packages around is 8 to 9 lakhs. A multinational Consulting Firm made the highest offer with a CTC of 28.6 lakhs per annum. The college infrastructure is really good. Overall, it is an excellent B school if you exclude the IIMs.