By SharmiSta Chaudhury · S P Jain Institute of Management & Research ... Jagannath International Management School, ... career to start a wedding photography

cover story6564 THE WEEK novEmbEr 3, 2013 THE WEEK novEmbEr 3, 2013

Trade winds

graphics: N.V. Jose

Bitten by the entrepreneurship bug, B-schools are helping students look beyond placements

By SharmiSta Chaudhury

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BSchools ALL INDIA

Indian Institute of Management (IIM), Ahmedabad 1000

Indian Institute of Management (IIM), Bangalore 981

XLRI, Jamshedpur 811

Faculty of Management Studies (FMS), Delhi 754

Indian Institute of Management (IIM), Lucknow 742

Indian Institute of Management (IIM), Indore 713

Indian Institute of Management (IIM), Kozhikode 680

S P Jain Institute of Management & Research (SPJIMR), Mumbai 621

Indian Institute of Foreign Trade (IIFT), Delhi 604

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai 592

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai 562

Management Development Institute (MDI), Gurgaon 558

Department of Management Studies, IIT Delhi, Delhi 556

National Institute of Industrial Engineering (NITIE), Mumbai 526

Vinod Gupta School of Management, IIT Kharagpur (VGSOM), Kharagpur 522

Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune 516

Institute of Management Technology (IMT), Ghaziabad 504

Xavier Institute of Management Bhubaneswar (XIMB), Bhubaneswar 500

Tata Institute of Social Sciences (TISS), Mumbai 496

Indian Institute of Management (IIM), Shillong 487

Department of Management Studies, IIT Madras, Chennai 485

T A Pai Management Institute (TAPMI), Manipal 482

International Management Institute (IMI), Delhi 478

Amity Business School, Noida 477

Symbiosis Institute of Management Studies (SIMS), Pune 472

ICFAI Business School (IBS), Hyderabad 472

Institute of Management, Nirma University, Ahmedabad 472

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THE WEEK-HANSA RESEARCH SURVEY

Composite score

JaNak Bhat

Hands-on learning: Students of NITIE, Mumbai, organising an event on the campus


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BSchoolsALL INDIA26-61

Bharathidasan Institute of Management (BIM), Tiruchirappalli 471

Birla Institute of Technology & Science (BITS), Pilani 466

Goa Institute of Management (GIM), Goa 465

K J Somaiya Institute of Management Studies and Research, Mumbai 462

Birla Institute of Management Technology (BIMTECH), Noida 459

Indian Institute of Management (IIM), Ranchi 457

Indian Institute of Forest Management (IIFM), Bhopal 454

Prin. L. N. Welingkar Institute of Management Development & Research, Mumbai 448

Loyola Institute of Business Administration (LIBA), Chennai 447

Xavier Institute of Management and Entrepreneurship (XIME), Bangalore 447

Sydenham Institute of Management Studies, Research and Entrepreneurship

Education (SIMSREE), Mumbai 446

Christ University, Bangalore 435

Lal Bahadur Shastri Institute of Management, Delhi 432

Department Of Management Sciences (PUMBA), University of Pune, Pune 425

GITAM Institute of Management, Visakhapatnam 425

Institute of Rural Management (IRMA), Anand 415

SDM Institute for Management Development (SDMIMD), Mysore 410

Acharya Institute of Management and Sciences (AIMS), Bangalore 406

School of Management, KIIT University, Bhubaneswar 402

Institute of Management Technology (IMT), Nagpur 392

Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata 388

Balaji Institute of Modern Management (BIMM), Pune 387

PSG Institute of Management, Coimbatore 384

Jagan Institute of Management Studies, Delhi 384

Institute of Management and Research, Bharati Vidyapeeth University, Delhi 384

Institute of Public Enterprise (IPE), Hyderabad 382

Institute for Financial Management and Research (IFMR), Chennai 375

Amrita School of Business, Coimbatore 372

Accurate Institute of Management and Technology, Noida 370

Jagannath International Management School, Delhi 368

Fortune Institute of International Business (FIIB), Delhi 366

Institute of Management Studies (IMS), Ghaziabad 363

ICFAI Business School (IBS), Mumbai 363

Galgotias Business School, Noida 360

Composite scoreAfter his MBA from XLRI,

Jamshedpur, in 2005, Joshua Karthik spent sev-en and a half years climbing

the corporate ladder at Asian Paints. He became the group brand manag-er in charge of the rebranding of the company and worked on the brand strategy. He enjoyed his job a lot.

One day, the vice-president who had hired Joshua came into his cabin. VP: I heard something.Joshua: Yes.VP: What can I offer you? Do you want a different role?Joshua remained silent. VP: Do you want more money? Do you want a larger team?Joshua remained silent. VP: You want entrepreneurship and I cannot give you that.

Leaving a job that gave him a lot and could have given a lot more, Joshua decided to chase a dream that he had ever since he joined the B-school. “All of us from B-schools aspire to start something of our own. We want to put all those theories to test. But then we don't start because of a variety of rea-sons,” he said.

Joshua joined his brother, Joseph Radhik, who had followed the engi-neer-MBA trajectory, only to realise that a job was not his cup of tea. He gave up a high-flying sales and marketing career to start a wedding photography business. The decision so shocked his family that his father flew down from China to check what his son was up to.

Joseph now runs a booming busi-ness—his firm has shot some 200 wed-dings in three years. He travels around the world and employs a team of 28.

What perhaps made the venture suc-cessful was the balance between cre-ativity and enterprise—Joseph is now in charge of creativity while Joshua takes care of the business. The MBA education has helped both, so have the years at a corporate environment. “Joseph's dream was to build some-thing like the Ford talent management agency. I had my plan—David Ogilvy's O&M which did not stop with the founder. In wedding photography, the


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organisation depends on the main guy. If he doesn't show up, nothing works. That is not a company. So if you have to build a company, you must go back to all the clichés—an organisation which can be headless and still function, something that has processes to take care of things, but not so much that creativity dies,” said Joshua.

There are many ways in which peo-ple view an MBA—for a parent, it is the key to a son's or daughter's future; for a student, it is a step towards a great career; for an employer, an assurance of quality. As a course, however, it has been evolving. The norm may have been to build great managers; but the assembly line has been disrupted and now the MBA is all about creating lead-ers. For many, like Joshua and Joesph, the dream begins in the classroom itself.

These diverse aspirations have led B-schools to encourage entrepre-neurship. Many of them have started entrepreneurship cells and incubation centres to help students look beyond placements. “With the economy get-ting more mature, students are joining promising start-ups and even trying

their hand at setting up their own busi-ness ventures. We encourage students wanting to start their own ventures and give them the option of deferred place-ments. A larger number of profession-als are increasingly starting their own ventures down the line after spending a few years working as an employee,” said E. Abraham SJ, director, XLRI.

Even the industry is tilted towards hiring self-starters, people who are motivated and can hit the ground running. “The industry does not like the tag that I have an entrepreneurial programme; it has to come through the candidate. It has to reflect in how he or she is responding to a situation. If you are very theoretical and by the book, you will struggle in a real-life

situation,” said Puneet Chaddha, CEO, HSBC Asset Management.

The financial slowdown has made the industry asking for quicker results from fresh recruits. “The level of train-ing intervention for our staff has come down, compared with how we trained them 15 years ago,” said Chaddha. The need of the hour is acquiring soft skills, selling tools and product knowl-edge. Hiring is also dependent on the personality of a candidate, rather than just the qualification. “At a junior level, I like someone who is adaptable, has a great sense of values, articulate and presentable,” said Chaddha.

MBA education in India has been seeing a sort of consolidation. It has matured, much as the economy. As a result, there has been a drop in reg-istration for entrance examinations such as the Common Admission Test. B-schools see this as an indication to focus on quality. Top B-schools are on

Rashika BinaniGreat Lakes Institute of Management, Chennai

MBA is peer-to-peer learning. The quality you bring to the class makes a lot of difference. You have to be up-to-date. MBA gives you a holistic picture of how a company works and how the country works.

Quality check: Ninad Karpe, managing director and CEO, Aptech (extreme left) and Puneet Chaddha, CEO, HSBC Asset Management (wearing green tie) at SP Jain Institute of Management in Mumbai

Janak Bhat

The tall grey haired man is Puneet Chaddha

Harshbeena Zaveri is CEO of NRB BEaring the lady in the purple dress

Next to her is Ninad Karpe, CEO of Aptech.


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ITS Institute of Management, Noida 352

Balaji Institute of Telecom & Management (BITM), Pune 339

Indian Institute of Planning and Management (IIPM), Delhi 337

Jaipuria Institute of Management, Noida 336

G.L. Bajaj Institute of Management & Research (GLBIMR), Noida 330

Indira Institute of Management, Pune 329

Symbiosis Institute of Operations Management (SIOM), Nashik 326

Vignana Jyothi Institute of Management, Hyderabad 326

Prestige Institute of Management and Research, Indore 323

International School of Business & Media (ISB&M), Pune 321

School of Communication & Management Studies (SCMS), Kochi 321

Chetana's Ramprasad Khandelwal Institute of Management and Research, Mumbai 319

Department of Business Management, Osmania University, Hyderabad 319

Institute of Business Management & Research, IPS Academy, Indore 316

SIES College of Management Studies (SIESCOMS), Mumbai 313

Rajagiri Centre for Business Studies (RCBS), Kochi 310

Indus Business Academy (IBA), Bangalore 309

Sri Sharada Institute of Indian Management - Research, Delhi 306

National Institute of Technology (NIT), Tiruchirappalli 306

Department of Management Studies, Indian School of Mines (ISMU), Dhanbad 305

Regional College of Management (RCM), Bhubaneshwar 305

Institute of Management and Entrepreneurship Development (IMED), Pune 302

Prestige Institute of Management, Dewas 301

Bharati Vidyapeeth’s Institute of Management Studies & Research, Mumbai 300

Thiagarajar School of Management (TSM), Madurai 297

M.S. Ramaiah Institute of Management, Bangalore 296

Prin. L.N. Welingkar Institute of Management Development & Research, Bangalore 295

Manipal Institute of Management, Manipal 295

Jaipuria Institute of Management, Jaipur 294

ICFAI Business School (IBS), Bangalore 293

IIMT Management College, Meerut 290

Doon Business School, Dehradun 289

Siva Sivani Institute of Management, Secunderabad 288

Dhruva College of Management, Hyderabad 285

Presidency Business School, Bangalore 284

Balaji Institute of Management & Human Resource Development (BIMHRD), Pune 281

Institute of Management Studies (IMS), Noida 280

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a growth trajectory and are constantly innovating, and take a thorough look at their curriculum every two years in partnership with the industry.

There is no special curriculum, however, for an economic crisis, said Debashish Sanyal, dean, School of Business Management, Narsee Monjee Institute of Management Studies, Mumbai. “Business means peak and trough; that is part of the cycle. Quality education is given keeping in mind the bad times and the good times—how do you take advantage of the good times and manage the bad times,” he said.

However, there have always been additions and improvements. NMIMS recently introduced an elective on busi-ness history. “The idea is to encourage learning from different areas, connect them and use them for decision mak-ing,” said Sanyal.

On the other hand, there have been criticism against B-schools for the financial crisis. “Some even believe that the often half-baked learning from the B-school curricula leads the B-school

Ayyappa S.K. XLRI, Jamshedpur

We have many live projects and a direct connect with the industry, which help us con-nect our subjects to the external world. The alumni is very help-ful. You see some structure to your thoughts here.


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graduates to adopt practices which are actually short-sighted and too nar-rowly focused on achieving short-term results,” said Prof. Surinder Batra, Institute of Management Technology, Ghaziabad. “These may be extreme presumptions, but realising similar criticisms, some B-schools have taken initiatives in revamping their curricu-lum to imbibe greater sensitivity and responsiveness among their students towards macro-level challenges.”

MBA education is no longer seen just as an opportunity to learn the tricks of the trade. “While the techniques are important, they can’t be substitutes for holistic learning in sync with the reali-ties and complexities of the industry and society,” said Batra.

Across B-schools, the endeavour now is to break down silos. As busi-nesses cannot operate in isolation, diversity is becoming increasingly important for B-schools. There has been a trend towards democratisation of the MBA—no longer are engineers the only preferred candidates; the key now is to have candidates who bring various perspectives to the classroom.

A physician, Kunal Joshi, 25, realised

during an internship in Karnataka that there was a need for doctors to under-stand and learn managerial skills as it would help them gain a holistic approach towards medicine and health care. Now he brings a degree of domain expertise to the discussions in his MBA class. “If we get any health care sector related case studies I am usually the authority on it and I receive inputs on the finance aspect and functioning aspect from other students,” he said.

Professor Debashis Chatterjee, direc-tor, Indian Institute of Management, Kozhikode, said there was a funda-mental shift in values today and exclu-sive isolation did not work for MBAs any longer. “What is the competitive advantage of a corporate tomorrow? They need people to think the way oth-

Anoop Chand IMT, Ghaziabad

One Of the advantages of studying in a top notch B-school is that you get to meet people from diverse backgrounds and cultures. The international exchange programme at IMT, Ghaziabad, has helped me in broadening my perspective and understanding the best practices globally.

Call of the heart: Joseph Radhik left a high-flying sales career to start a wedding photography firm

Janak BhaT


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Xavier Institute of Social Service (XISS), Ranchi 277

International School of Management Excellence (ISME), Bangalore 277

International Institute of Management Studies (IIMS), Pune 276

Flame School of Business, Pune 275

Jaipuria Institute of Management, Ghaziabad 274

Sambhram Academy of Management Studies, Bangalore 273

ICBM - School of Business Excellence, Hyderabad 271

Lala Lajpatrai Institute of Management (LLIM), Mumbai 268

IMS Unison University, Dehradun 268

Coimbatore Institute of Management and Technology, Coimbatore 268

Vel Tech High Tech Dr Rangarajan Dr Sakunthala Engineering College, Chennai 267

Suryadatta Institute of Management, Pune 267

Institute of Business and Computer Studies, Bhubaneswar 265

Balaji Institute of International Business (BIIB), Pune 265

Lovely Professional University, Phagwara 259

Vel Tech MultiTech Dr Rangarajan Dr Sakunthala Engineering College, Chennai 259

Sona School of Management, Salem 258

Saveetha School of Management (SSM), Chennai 256

ICFAI Business School (IBS), Ahmedabad 254

Saintgits Institute of Management, Kottayam 250

SNS College of Technology, Coimbatore 250

Chandigarh Business School, Mohali 247

IIMT College of Management, Noida 247

DC School of Management and Technology, Vagamon, Idukki 245

Mount Carmel Institute of Management, Bangalore 242

SCMS School of Technology and Management (SSTM), Kochi 240

Karunya School of Business, Leadership & Management (Karunya University), Coimbatore 240

Badruka College Post Graduate Center, Hyderabad 240

Aurora’s Business School, Hyderabad 236

Sri Krishna College of Engineering and Technology, Coimbatore 236

Acharya Institute of Technnology, Bangalore 236

KCT Business School, Coimbatore 236

CMR Institute of Management Studies, Bangalore 235

CMS Business School, Bangalore 234

St Aloysius Institute of Management and Information Technology (AIMIT), Mangalore 233

Nehru College of Management, Coimbatore 231

Dayananda Sagar College of Management & Information Technology, Bangalore 230


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ers do not,” he said.While the average manager ear-

lier was a conformist, today's youth approaches education and career opportunities in a way different from how it was done 10 years ago. “Today the work culture is far more enabling. Earlier, things had to be done in a particular way. The new generation is more dynamic, their learning curve is shorter and the employer needs to meet their expectations,” said Sumit Mitra, head, group human resources and corporate services, Godrej.

If earlier the norm was to consistent-ly score high marks, today it is to devel-op your personality. Industry is on the same page when it comes to encourag-ing the creative right brain along with the analytical left brain. Godrej LOUD, a campus initiative from the company, is aimed at finding passionate and cre-ative people who would be the future leaders of the company. “We want our employees to be passionate. Someone who has immersed himself into an interest is more likely to be passion-ate about everything he does. We have seen this at the workplace, too. There is a correlation between passion outside work and at work,” said Mitra.

WeSchool, Mumbai, has created a global impact programme where-in the project work is done in rural India to improve farmers' income. The programme was designed to inculcate innovative thinking in stu-dents. “Students need to adopt a blue ocean strategy [which suggests that new demand should be created in an uncontested market], and not just rely on best practices,” said Uday Salunkhe, director, WeSchool. As part of the pro-gramme, Harshi Pipparia, 27, who had been a software engineer, was asked to pick a product ingrained in daily life and market it. “We picked jaggery and we realised that it was sold usually as a big block, which made it difficult to break it at home,” she said. She met various stakeholders and formulated a plan to change the form and packaging of jaggery by making it smaller.

In the current market scenario, said Prof. S. Sriram, executive director,

cover story76 THE WEEK novEmbEr 3, 2013

Great Lakes Institute of Management, Chennai, the expectations of students have become more realistic. And they are looking at new avenues of growth and are trying to understand new businesses. “They want to know more about e-commerce and retail,” he said.

Consolidation is usually a time to retrospect and make the necessary changes. For Indian B-schools, the journey has not been as much about acquiring international standards as it has been about acquiring international recognition. Deepak Chandra, deputy dean at Indian School of Business, Hyderabad, has seen research move from the sidelines to the mainstream as a result of this drive toward inter-national acclaim. “From an India per-spective, you see two things. One is, research is going to become important. Most schools that are coming up are focusing on research. While teaching continues to be an important element of any school, writing research will be an important activity in India. I am already seeing good quality B-schools focus on research, trying to get the best faculty,” he said.

The push for this has also come from the industry, which is asking for academic perspectives on various problems. “The industry always has

questions. It wants to learn the larger environment in the macro and micro,” said Chandra.

Another trend that Chandra sees is a multipolar world and its impact on education. “The world is becom-ing much more multipolar and people need to operate in that multipolarity. You will see schools collaborating to make that happen, not just in India, but also internationally,” he said.

With businesses becoming more glo-cal, schools have to figure out ways to get students keep to the pace. Earlier, students were given the opportunity to get global exposure through student exchange programmes; now collabo-rations are on the rise. “You are seeing a lot of collaboration happening, which will create not just student exchange

programmes but also ways to respond to a multipolar world,” said Chandra.

IMT, Ghaziabad, has even renamed a programme to reflect the approach. “The tagline of the newly introduced MBA curriculum of IMT, Ghaziabad, is 'Global Breadth and India Depth', which aims at providing students the much-needed global exposure, cou-pled with an in-depth understanding of the multidimensional Indian soci-ety, polity, economy and culture,” said Batra.

While the world becomes smaller, how does the student gain a competi-tive edge? Does specialisation make sense?

B-schools and industry are divided on this. While some agree that a gen-eral MBA equips leaders better to run a company holistically, a specialisation gives domain expertise. “Mostly gen-eral MBA is preferred as today we see finance majors also getting into sales roles. Niche roles may require niche specialisations,” said Subramanian Suryanarayanan, national head, human resources, Tata AIG General Insurance.

Over the past few years there has been a proliferation of specialisations offered to students from various busi-ness backgrounds. “These aim at pre-

Janak Bhat

For Indian B-schools, the journey has not been as much about acquiring international standards as it has been about acquiring international recognition.


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Department of MBA, MVJ College of Engineering, Bangalore 229

Disha Institute of Management & Technology, Raipur 223

Sandip Institute of Technology & Research Center, Nashik 222

Central Institute of Business Management Research & Development (CIBMRD), Nagpur 215

Krupanidhi School of Management, Bangalore 213

Srusti Academy of Management, Bhubaneswar 211

Swayam Siddhi College of Management & Research (SSCMR), Thane 209

Padmashree Dr D.Y. Patil Institute of Management Studies, Pune 209

GRG School of Management Studies (GRGSMS), Coimbatore 207

MEASI Institute of Management, Chennai 206

KLS's Institute of Management Education and Research, Belgaum 201

Nehru School of Management, Thrissur 197

KPR School of Business, Coimbatore 193

St Joseph’s PG College, Hyderabad 178

S.V. Institute of Management, Kadi 169


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paring MBAs for industry-specific careers with the belief that the indus-try would find these MBAs more rel-evant to their specific requirements,” said Batra. “MBA in business analytics is a fast emerging specialisation glob-ally as well as in India, often in part-nership with big IT companies. The rationale for such programmes is the belief that future corporate jobs will revolve around the knowledge and skills of 'data science', a newly emerg-ing discipline.”

So, would a leader need specific expertise or should she be trained in the fundamentals of the business? “The jury is still out on whether gener-ic courses and generic MBA would work better than a specialised MBA. One can argue that the true value of an MBA programme comes from the learning to understand, analyse and synthesise real life situations in a holis-tic, rather than in a functional, manner. However, if generic MBA courses are

taught in a lacklustre manner through presentations or lectures, they would fail to develop such well-sought of competencies from MBA students,” said Batra.

For the industry, the debate is not on choosing between a general MBA and a specialised MBA, but on integrating the two. Said Ninad Karpe, managing director and CEO, Aptech Ltd: “People are looking for strong horizontal skills, but increasingly people want some ver-tical skills, too, such as design and rural marketing. So those are skills typically one would have learnt on the job. But today, the general expectation is that you need the general foundation, but you cannot ignore vertical skills; you need some expertise.” A mix of both, as done in many B-schools where the specialisation comes in only in the sec-ond year, is still the preferred model. l

Moving ahead: Harshi Pipparia (left) of WeSchool had been a software engineer before she joined the B-school

Janak Bhat


Perceptual opinion collection A primary survey was conducted with a total sample of 1,059 across 18 cities in the country. This included 151 academic experts, 417 current students, 433 aspiring students and 58 recruiters. The cities selected were Ahmedabad, Bangalore, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Delhi & NCR, Guwahati, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Lucknow, Mumbai, Patna, Pune and Thiruvananthapuram.

A closed-ended questionnaire was sent to all the stakeholders, asking them to nominate and rank top 25 colleges in India and top colleges within their city. Out of the total 1,059 interviews, 19 quali-tative depth interviews were done by the research team. These interviews went beyond nominations and rankings to get an in-depth understanding of the reasons for the rankings. This helped in vali-dating the data and providing a rationale for the rankings, wherever required.

Factual information collection Factual information was collected in August and September 2013. A dedicated web site was created as an interface and the web link was sent to 974 B-schools. Advertisements were also published in multiple issues of THE WEEK, inviting colleges to participate in the survey. Responses were sought by several reminders.

Promptly, 134 colleges responded with informa-tion. Two colleges did not meet the eligibility cri-terion of completing at least three batches, and five were rejected because of incomplete, suspicious or lack of supporting documents. Data for the remain-ing 127 colleges was used for the rankings.

Ranking methodology The ranking is based on a composite score derived by combining the perceptual score for the col-

lege (based on the nominations made by faculty, current students, aspiring students and recruiters) and factual score (based on the data submitted by the colleges).

Some well-known colleges could not respond to the survey with factual information within the stip-ulated time. For these colleges, composite score was derived by combining the perceptual score for the college with an interpolated appropriate fac-tual score based on their position in the list.

Some top B-schools, such as IIM Calcutta, ISB, Hyderabad, Shailesh J. Mehta School of Management-IIT Bombay, Fore School of Management, Delhi, ITM Business School, Mumbai, and Banaras Hindu University, Varanasi, opted out of the survey. The names of these B-schools have been removed from the final rank-ing list.

Final score for a college = perceptual score all India (500) + factual score of the college (500)

Calculation of perceptual scorePerceptual score for a college in all India was cal-culated on the basis of the number of nominations received and the actual ranks given to the college in all India and in its own city by the various stake-holder segments.

Calculation of factual score Information collected from the colleges was com-bined by applying appropriate weights to each dimension, in order to create an overall factual score. The components of the factual score and their weightages are given below: Age of the institution and alumni base 8 per centOverall infrastructure 17 per centOverall faculty 20 per centEntry standard and teaching-learning process 30 per centPlacement 25 per cent

Research methodology


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Indian Institute of Management (IIM), Ahmedabad 1,000Indian Institute of Management (IIM), Bangalore 981Faculty of Management Studies (FMS), Delhi 754Indian Institute of Management (IIM), Lucknow 742Indian Institute of Management (IIM), Indore 713Indian Institute of Management (IIM), Kozhikode 680Indian Institute of Foreign Trade (IIFT), Delhi 604Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai 592Department of Management Studies, IIT Delhi, Delhi 556National Institute of Industrial Engineering (NITIE), Mumbai 526Vinod Gupta School of Management, IIT Kharagpur (VGSOM), Kharagpur 522Tata Institute of Social Sciences (TISS), Mumbai 496Indian Institute of Management (IIM), Shillong 487Department of Management Studies, IIT Madras, Chennai 485Indian Institute of Management (IIM), Ranchi 457Indian Institute of Forest Management (IIFM), Bhopal 454Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai 446Department of Management Sciences (PUMBA), University of Pune, Pune 425Institute of Rural Management (IRMA), Anand 415Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata 388

GovernmentBSchools20Composite score

People are now realising that doing the MBA once is not like attaining nirvana. Over the years a part-time or executive programme is a step towards career progression.Prof. Uday Salunkhe, group director, WeSchool, Mumbai

By SharmiSta Chaudhury

Rajoo Natekar, execu-tive director at Bharat Petroleum, had an MBA when he started working

25 years ago. Realising that he needed something more to remain relevant today, he enrolled for Indian School of Business’s Postgraduate Programme in Management for Senior Executives.

The idea behind the course is simple: “High achievers feel the need to learn,” as ISB’s deputy dean Deepak Chandra put it. In a constantly changing eco-nomic environment where there are no set norms, learning helps. Natekar said the course gave him a holistic view of management. “Earlier I would look only at the balance sheet and finan-cial health of the company, but now I look also at the marketing strategy and

people skills, and understand what the future holds,” he said.

A new degree could also mean a better opportunity. Said Subramanian Suryanarayanan, head (human resources), Tata AIG General Insurance: “Practical understanding of work life gained from prior work exposure clubbed with a structured industry interface can offer an edge to the incumbent. Industries always look for candidates who can appropriately apply the knowledge and skills learnt in the working scenario.”

An added incentive is that these courses offer professionals a chance

to interact with peers from various backgrounds and encourage knowl-edge sharing. Going back to school, therefore, is becoming as important as getting an MBA. “People are now real-ising that doing the MBA once is not like attaining nirvana,” said Prof. Uday Salunkhe, group director, WeSchool, Mumbai. “Over the years a part-time or executive programme is a step towards career progression.”

ISB’s executive education pro-gramme has also been attended by many foreign managers who wanted to understand the way the Indian mar-ket works. l

Booster shotExecutive education helps managers weather the constantly changing economic environment


Janak Bhat

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XLRI, Jamshedpur 811S P Jain Institute of Management & Research (SPJIMR), Mumbai 621Narsee Monjee Institute of Management Studies (NMIMS), Mumbai 562Management Development Institute (MDI), Gurgaon 558Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune 516Institute of Management Technology (IMT), Ghaziabad 504Xavier Institute of Management Bhubaneswar (XIMB), Bhubaneswar 500T A Pai Management Institute (TAPMI), Manipal 482International Management Institute (IMI), Delhi 478Amity Business School, Noida 477Symbiosis Institute of Management Studies (SIMS), Pune 472ICFAI Business School (IBS), Hyderabad 472Institute of Management, Nirma University, Ahmedabad 472Bharathidasan Institute of Management (BIM), Tiruchirappalli 471Birla Institute of Technology & Science (BITS), Pilani 466Goa Institute of Management (GIM), Goa 465K J Somaiya Institute of Management Studies and Research, Mumbai 462Birla Institute of Management Technology (BIMTECH), Noida 459Prin. L. N. Welingkar Institute of Management Development & Research, Mumbai 448Loyola Institute of Business Administration (LIBA), Chennai 447Xavier Institute of Management and Entrepreneurship (XIME), Bangalore 447Christ University, Bangalore 435Lal Bahadur Shastri Institute of Management, Delhi 432GITAM Institute of Management, Visakhapatnam 425SDM Institute for Management Development (SDMIMD), Mysore 410Acharya Institute of Management and Sciences (AIMS), Bangalore 406School of Management, KIIT University, Bhubaneswar 402Institute of Management Technology (IMT), Nagpur 392Balaji Institute of Modern Management (BIMM), Pune 387PSG Institute of Management, Coimbatore 384Jagan Institute of Management Studies, Delhi 384Institute of Management and Research, Bharati Vidyapeeth University, Delhi 384Institute for Financial Management and Research (IFMR), Chennai 375Amrita School of Business, Coimbatore 372Accurate Institute of Management and Technology, Noida 370Jagannath International Management School, Delhi 368Fortune Institute of International Business (FIIB), Delhi 366Institute of Management Studies (IMS), Ghaziabad 363ICFAI Business School (IBS), Mumbai 363Galgotias Business School, Noida 360ITS Institute of Management, Noida 352Balaji Institute of Telecom & Management (BITM), Pune 339Indian Institute of Planning and Management (IIPM), Delhi 337Jaipuria Institute of Management, Noida 336G. L. Bajaj Institute of Management & Research (GLBIMR), Noida 330Indira Institute of Management, Pune 329Symbiosis Institute of Operations Management (SIOM), Nashik 326Vignana Jyothi Institute of Management, Hyderabad 326Prestige Institute of Management and Research, Indore 323International School of Business & Media (ISB&M), Pune 321

privateBSchools50Composite score

88 THE WEEK novEmbEr 3, 2013

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BSchools25

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XLRI, Jamshedpur 811Vinod Gupta School of Management, IIT Kharagpur (VGSOM), Kharagpur 522Xavier Institute of Management Bhubaneswar (XIMB), Bhubaneswar 500Indian Institute of Management (IIM), Shillong 487Indian Institute of Management (IIM), Ranchi 457School of Management, KIIT University, Bhubaneswar 402Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata 388Department of Management Studies, Indian School of Mines (ISMU), Dhanbad 305Regional College of Management (RCM), Bhubaneswar 305Xavier Institute of Social Service (XISS), Ranchi 277

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Indian Institute of Management (IIM), Ahmedabad 1000Indian Institute of Management (IIM), Indore 713S P Jain Institute of Management & Research (SPJIMR), Mumbai 621Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai 592Narsee Monjee Institute of Management Studies (NMIMS), Mumbai 562National Institute of Industrial Engineering (NITIE), Mumbai 526Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune 516Tata Institute of Social Sciences (TISS), Mumbai, 496Symbiosis Institute of Management Studies (SIMS), Pune 472Institute of Management, Nirma University, Ahmedabad 472Goa Institute of Management (GIM), Goa 465K J Somaiya Institute of Management Studies and Research, Mumbai 462Indian Institute of Forest Management (IIFM), Bhopal 454Prin. L. N. Welingkar Institute of Management Development & Research, Mumbai 448Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai 446Department Of Management Sciences (PUMBA), University of Pune, Pune 425Institute of Rural Management (IRMA), Anand 415Institute of Management Technology (IMT), Nagpur 392Balaji Institute of Modern Management (BIMM), Pune 387ICFAI Business School (IBS), Mumbai 363Balaji Institute of Telecom & Management (BITM), Pune 339Indira Institute of Management, Pune 329Symbiosis Institute of Operations Management (SIOM), Nashik 326Prestige Institute of Management and Research, Indore 323International School of Business & Media (ISB&M), Pune 321

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Faculty of Management Studies (FMS), Delhi 754Indian Institute of Management (IIM), Lucknow 742Indian Institute of Foreign Trade (IIFT), Delhi 604Management Development Institute (MDI), Gurgaon 558Department of Management Studies, IIT Delhi, Delhi 556Institute of Management Technology (IMT), Ghaziabad 504International Management Institute (IMI), Delhi 478Amity Business School, Noida 477Birla Institute of Technology & Science (BITS), Pilani 466Birla Institute of Management Technology (BIMTECH), Noida 459Lal Bahadur Shastri Institute of Management, Delhi 432Jagan Institute of Management Studies, Delhi 384Institute of Management and Research, Bharati Vidyapeeth University, Delhi 384Accurate Institute of Management and Technology, Noida 370Jagannath International Management School, Delhi 368Fortune Institute of International Business (FIIB), Delhi 366Institute of Management Studies (IMS), Ghaziabad 363Galgotias Business School, Noida 360ITS Institute of Management, Noida 352Indian Institute of Planning and Management (IIPM), Delhi 337Jaipuria Institute of Management, Noida 336G. L. Bajaj Institute of Management and Research (GLBIMR), Noida 330Sri Sharada Institute of Indian Management - Research, Delhi 306Jaipuria Institute of Management, Jaipur 294IIMT Management College, Meerut 290

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Indian Institute of Management (IIM), Bangalore 981Indian Institute of Management (IIM), Kozhikode 680Department of Management Studies, IIT Madras, Chennai 485T A Pai Management Institute (TAPMI), Manipal 482ICFAI Business School (IBS), Hyderabad 472Bharathidasan Institute of Management (BIM), Tiruchirappalli 471Loyola Institute of Business Administration (LIBA), Chennai 447Xavier Institute of Management and Entrepreneurship (XIME), Bangalore 447Christ University, Bangalore 435GITAM Institute of Management, Visakhapatnam 425SDM Institute for Management Development (SDMIMD), Mysore 410Acharya Institute of Management and Sciences (AIMS), Bangalore 406PSG Institute of Management, Coimbatore 384Institute of Public Enterprise (IPE), Hyderabad 382Institute for Financial Management and Research (IFMR), Chennai 375Amrita School of Business, Coimbatore 372Vignana Jyothi Institute of Management, Hyderabad 326School of Communication & Management Studies (SCMS), Kochi 321Department of Business Management, Osmania University, Hyderabad 319Rajagiri Centre for Business Studies (RCBS), Kochi 310Indus Business Academy (IBA), Bangalore 309National Institute of Technology (NIT), Tiruchirappalli 306Thiagarajar School of Management (TSM), Madurai 297M. S. Ramaiah Institute of Management, Bangalore 296Prin. L. N. Welingkar Institute of Management Development & Research, Bangalore 295

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Janak Bhat

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