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National Education Summit highlights challenges faced by Management Education in India

Posted on | February 3, 2012 | No Comments

August 26, 2011 - Dr. Bibek Banerjee, the Director at IMT Ghaziabad, spoke at length about various management talents of India at the National Education Summit. The discussion that included a number of management experts revolved around the quality gap in the Indian management education. They further discussed about the challenges related to brand building, teaching quality and placement assistance.

At the summit, an in-depth discussion on the challenges faced by B-schools was highlighted. The ways to bridge the quality gap in the current education system was also talked about. Further, an insight was provided on the different goals that management institutes should try and achieve related to brand and quality improvement.

Three key objectives for the B-schools were laid down at the summit. These included:

• Hiring and retaining the best faculty and providing them with the most modern teaching methods. Besides, rendering a flexible environment that advocates research and corporate interaction should be taken care of.
• Ensuring enrollment of quality students to management institutes should not be overlooked
• Ensuring proper placements of management students for a bright career.

According to Director of IMT Ghaziabad, Dr. Bibek Banerjee, these three are the building blocks for any management institute to have a good repute among students, corporate world and the academic world.

Challenges faced by B-schools

• Lack of forward-thinking
• Absence of practical learning methodology

According to Dr. Banerjee, these are the shortcomings of most B-schools operating in India.

Dr. Bibek Banerjee said, “One of the biggest shortcomings is that we are still teaching for a world that has in reality gone way ahead of us. There are huge challenges that our students have to face in today’s global and highly competitive market; how ready are they for them? We need to bring far more practical learning into our curriculum.”

While highlighting the importance of placements in improving the goodwill of the institute and ensuring bright careers for the management students, Dr. Bibek Banerjee raised several questioned. “However, the crux of the matter and the main question to ask is whether we created a talent pool that the corporate world demanded? Did we spend enough time with the corporate world to customize our education to their needs? Or have we just put bookworms in front of them who break into a sweat at the thought of solving a case study in an interview?”

He further believes that if our students are not getting placed in good corporate houses, it is the fault of the institute who did not impart proper education. He emphasized on the importance of creating value for both the corporate and the students. He concluded by saying, “In the end, how successful the students are is finally a direct evaluation of an institute’s own worth and achievements too.”

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