The transformation taking place

The transformation taking place

Some of the key aspects that define management education today are quality industry endorsed content, which is relevant to the changing needs of the industry, continuously upgraded curriculum, a mix of practical exposure and classroom training, experienced and qualified faculty, coupled with opportunities for all round development of students to give them a head start in life. The profile of Indian B-Schools has changed drastically from what it earlier. This transformation is clearly visible across most of the management institutes, because they are competing on par with those abroad. Most B-Schools either offer residential facilities or are at locations where accommodation is easily available. This also enables them to bring in faculty from abroad with greater frequency, because they can allocate space for putting them up on a regular basis. Today, management aspirants can evaluate not only the placement opportunity provided by the institute but the overall quality of learning opportunity facilitated by the B-School through holistic personality development. B-Schools are also actively encouraging an entrepreneurial mindset among students so that each potential manager has the capability to also become a businessman, profit centre and image creator for himself and the company where he/ she is associated with. While conventional management programs are bound by innumerable limitations, the value addition being provided by B-Schools has substantially enhanced the quality. Obviously the curriculum, teaching and learning process have drastically changed and are now in sync with the fast growing industry needs. B-Schools have gauged the growing demand of functional areas such as international business, banking and finance, biotech management, shipping and logistics, forex management, SEZ operations, trade policies, global sourcing and globalization, ensuring that management students have sufficient exposure in order to grasp the essentials.