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Business Education in India Growing Through Global Partnerships

Posted By Eva Glas, Wednesday, February 29, 2012
Eva GlasAs I’m sure you all know, The Global Business School Network’s 7th Annual Conference will be held in New Delhi, India from June 11th – 13th. The Conference will be focusing on the theme: Making the Connection: Management Education Powering Development, which makes New Delhi an ideal city to host it. Business in India is a constantly evolving and developing field, with exciting growth and innovations occurring every day.

Rising in the Rankings

The QS Global 200 Business Schools report that came out a week ago reports that Indian Business Schools are becoming more highly regarded by employers. It is evident that Indian Business Schools are climbing in the rankings with 4 Indian Business Schools placing in the top 10 in the Asia-Pacific Region. The Indian Institute of Management in Ahmedabad was the highest-ranking Indian Business School, closely followed by the Indian Institute of Management in Bangalore, the Indian Institute of Management in Calcutta and the Indian School of Business. The QS report was based on a survey taken between March and July 2011 when over 12000 employers answered questions about MBA recruiting. The report said that:

"Business schools in India continue to climb up the rankings… In an economy that is rapidly growing in global importance, the rise in employer opinion of MBA graduates is extremely promising.”

Furthermore, GBSN’s annual conference academic host, the Institute of Management Technology, Ghaziabad, was just ranked 9th out of the 335 Indian Business Schools listed. The survey taken by Business India 2011, placed IMT Ghaziabad amongst the "Ivy League” of Indian Business Schools. The institute’s full-time faculty is comprised of academics, policy makers, seasoned management leaders and administrators.

The Power of International Partnerships

Though Indian business schools are becoming much more reputable, Nunzio Quacquarelli, managing director and author of the QS report said:

"While employers recognize the skill sets and ability of MBA graduates from India’s well-respected business schools; their lack of international exposure during the study course results in an inability to operate on an international scale.”

In order to make Indian business schools a top place for international employers to recruit potential talent, there needs to be more of partnership between Indian Business and the rest of the world. A lot of exciting headway is already being made. For example, last year Executive Board Member MIT Sloan School of Management signed an agreement with GBSN member Indian School of Business to develop two new institutes at the ISB’s upcoming campus at Mohali. As part of the agreement, MIT will provide faculty support and curriculum design in the areas of manufacturing, operations and management of large infrastructure, assist in faculty recruitment for the ISB, provide teaching opportunity for MIT faculty, offer joint executive education programs and facilitate joint action learning projects for students.

David Schmittlein, dean of MIT Sloan School of Management said "This is part of our distinct international strategy of developing regionally dispersed, mutually beneficial institutional partnerships, and allows MIT Sloan to contribute to world-class management education in India, and creates opportunities for MIT Sloan faculty and students to work with local faculty and students here in India.”

ISB also has academic agreements with other International institutions including GBSN member schools Kellogg School of Management, London Business School and Fuqua School of Business. Vinoo Urs, regional director for India at Fuqua said:

"India will continue to see increasing interest from foreign universities wishing to establish partnerships with Indian schools as the nation continues its economic rise and the number of students wishing to pursue MBA studies grows.”

Just this week Canadian Business School, Richard Ivey School of Business announced they are forming a partnership with the Indian Management Development Institute (MDI) in Gugaon to develop and promote case based learning.  Dean Carol Stephenson, Richard Ivey School of Business said, "We are extremely excited to be partnering with MDI Gurgaon.  Case based learning is a highly effective and relevant teaching methodology to make management education more attuned to real world business challenges, particularly in fast-growth and emerging economies such as India. Both IVEY and MDI can leverage this opportunity by building on the complementary strengths of their respective institutions through multiple points of collaboration.”

GBSN’s conference in New Delhi aims to foster more partnerships like these while it explores the trends in business education for the developing world that are emerging due to rising demand around the globe.  Have you registered for your seat yet?

Eva Glas is the GBSN Conference and Communications Intern.  She is from Belgium and is currently attending American University in Washington, DC.

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