MBA from non-metro cities: A leaf out of IIM book
Indias job market seems to be warming up to new opportunities. The new year brings joyful tidings in its wake and Campuses are signaling green to placement Companies. The quantum of offers, salary, diversity of recruiters and pre-placement offers: all signal a positive hiring in 2018. Job offers have increased considerably across campuses in 2017. India seems to have job seekers looking for government jobs and yet technology is a big favourite. Average hike in India was at 10%, compared with Japan 2%, and UK 2.9%. Trends in non IIM B-schools
- A recent report revealed that MBA graduates from tier-I universities often start their career with sales only to switch to other roles within a few years.
- Product managers and marketing managers account for more than 18 percent and 11 percent of MBA employees, respectively, (from tier-I b-schools).
- It also highlighted that 66 percent of tier-I sales managers join high sized companies like: business-to-business companies, IT, industrial or chemical firms to pursue diverse managerial functions.
- 6 percent of the tier-I sales managers join FMCG (Fast moving consumer goods) companies as they further into the field of core sales.
- A few who get their career start in sales in FMCG companies get promoted to marketing team.
- Disruptive and constantly evolving business world is transforming how organisations work. It pushes companies to handle uncertainties and leadership qualities and not just usual managers.
- These changes have led the top management institutes to relook at their curriculum and innovate on existing course delivery.
- XLRI has introduced a compulsory course on Sustainable Development and Corporate Sustainability. Electives designed around strategies like: Bottom of Pyramid technique, Resource Based Strategy and Sustainable Superior Performance goals.
- IIMA has introduced courses on new age topics like: entrepreneurship, sustainability and design thinking.
- Value based curriculum:Companies are now looking at the right personality, shared values and emotional intelligence of the recruit. The MBA Students now mentor underprivileged children from the nearby schools to understand importance of social change.
- Faculty feedback: The holistic development of the future leaders depends solely on degree of focus on pedagogy. MDI, Gurugram hosts two days retreat to host a brainstorming session on the evolving management landscape and implement changes to the curriculum. Weekly faculty meets are held to discuss innovations towards course delivery. This allows faculty to introduce courses faster in the classroom with an aim to get teaching feedback and share best practices in delivery. Out of the classroom assignment and experiential learning modules are fastly becoming an integral part of the curriculum.
- Global outlook : In globalised world it is important to bring global expertise to curricular activities. IIMA has already partnership with 82 international B-schools for its student exchange programs. More than 150 students have scored global exposure and 90 international students have came to IIMA campus through such exchange programmes as a part of cultural sensitivity.
- Personality Development initiatives: The personality development programs that the new age schools like SMS Varanasi focus on is focusing on a comprehensive grooming agenda without actually making the person lose their core personality differences (Hence sustaining the diversity in workplace). With the world concentrating on India as the business reason due to its teeming population, business in rural India, bottom of Pyramid technique: it is all working out in the advantage of a b-school graduate. Hence a student in a tier-1 and I tier-2 cities or those already working in rural area can be the next people on the front. Many schools are already chalking out this opportunity to hone their students in being grassroot connected.
- Women to The front: The average age of female students in Indian institutes for an MBA course, range between 27 to 33 years. This comes laden with familial responsibilities and pressure. A poor work-life support system observed frequently in the Metro cities also raises concern. India also consistently has one of the leading lowest labor participation rates for women. The Indian education system also doesn’t recognize and prepare women by refusing to acknowledge their contribution. The women also fail to get appropriate encouragement pattern from their partners as to balance or to go slow or look for work-from-home opportunities. They receive little help in childcare and household activities. Top b-schools are already working on to bring in students with diverse Education background and women into their classes. Theses B-schools across India are making their presence in local and global management landscape.