The one-day conference saw senior professionals from the aviation and aerospace industry calling for better skill development and talent management, as well as policy and structural reforms in the sector, IIMB said in a press statement.

Takeaways for MBAs from Aviation Conference FOAA 2020

India Set to Become 3^rd Busiest Aviation Market

India was set to become the third busiest aviation market in the next 5-7 years, Satyaki Raghunath, Chief Strategy and Development Officer, BIAL, said. “The market size of India is certainly a huge opportunity for MROs (maintenance, repair and overhaul), cargo, logistics, tourism, travel, etc. The impact of what aviation does in terms of driving the economy can never be overstated. Technology has changed the way the aviation industry operates – be it drones, AI, ML, and that creates huge opportunity.

“Today, BIAL employs over 20,000 people. The growing industry can create huge employment. There are challenges too – regulatory policies that, among other things, should also prevent airlines from folding up,” he added.

The dearth of Talent, a Challenge

“The dearth of talent is another challenge – the sector is struggling to find the right talent. It is going to be incumbent on all of us to find and deploy the right talent. Third, from an urban growth perspective, in an emerging market especially, where workers migrate when opportunities arise, our primary cities need to gear up in terms of urban planning – providing facilities and transport for the people who migrate for work,” he pointed out.

Domestic Travel, a Silver Lining Amid Market Slowdown

Professor S. Raghunath, Director, General Management Programme for Aerospace & Aviation Executives at IIM Bangalore, in his welcome address, said at present, the industry was under pressure both from a slowdown in the sector as well as the threat of the coronavirus outbreak. The silver lining was domestic travel in India.

“These are interesting times for regional connectivity. The Government is trying hard to restart the engines of the economy. Connectivity through aviation will take knowledge workers to regional hubs and improve rural logistics, even for healthcare service providers, apart from giving a boost to tourism,” he said.

Observing that drones can be game-changers in rural logistics, he said the recent advances in powerplant technology could enhance payload and travel distance of drones and dramatically improve the economy and quality of life in rural India.

Bangalore, Ideal Hub for Knowledge Sharing

IIMB Director Professor G. Raghuram said Bangalore is an ideal hub for knowledge sharing in this sector. “The focus is not so much on technology, which is there, but on how the sector leverages it, impactfully. Second, we need a better focus on finer market segments.

“For example, the airports in Bengaluru, Mumbai, Hyderabad etc. run under Private Public Partnership (PPP) are probably ahead in terms of market orientation be it for the arriving, departing or transiting passenger.

“Countries like Qatar, Singapore, Muscat and Addis Ababa with hub airports are already moving into that space. India’s thinking at the policy level and service provider level has not quite reached there,” he said.

Policymakers must focus on transport to enable the development of the economy and encourage the PPP model. The question gets trickier because the Airports Authority of India (AAI) has a monopoly on air traffic control. “We need policy and structural reforms in India,” he added.

Professor Christophe Benaroya, Toulouse Business School, France, focused on new challenges that called for out-of-box thinking in areas of air traffic control, and air traffic management.

Panel Discussion: Growth Opportunities

In the first panel on ‘Looking to India: The Next Growth Opportunity’, chaired by Satyaki Raghunath, Chandra Shekhar Y, Head, Regional Sourcing, GE Aviation, spoke of the need to set up a final assembly line in India and the opportunities in material sciences, additive manufacturing and electric/ hybrid, skill development in all areas from manufacturing to management of airports, Big Data and NextGen technologies.

Striking a lighter note, Amber Dubey, Joint Secretary, Ministry of Civil Aviation, and an alumnus of IIM Ahmedabad, said he still took notes – today from his former professor at IIMA and current Director of IIMB, which were holding him in good stead while making his address.

“Aviation in India is in a great space right now because this government gets us – they are giving this sector national priority. Udaan and PPP are great examples of this commitment. It’s time now for ‘dando’ (business) and making money. However, at times, it’s better to have a flatline growth and profitability rather than a 20% growth and frequent collapses.”

On the drones and their potential in growth opportunity, he said the Home Ministry, Ministry of Civil Aviation and Ministry of IT were working together to ease permissions and leverage the talent of young tech disruptors and start-ups in this space.

To a question on the collapse of airlines, even in times of opportunity, Manish Raniga, Acting Chief Commercial Officer, South African Airways, said airlines have very thin margins, especially in a market like India. “Therefore, what you inject into the market in terms of supply should match what is there in terms of infrastructure, network, talent and demand. Has the airline industry in India gone a bit too aggressive – this is a question worth asking,” he added.

On the issue of finding funding for research, the panellists drew attention to partnerships between industry and centres of excellence in institutions like the IITs and NITs. “I also encourage industry to use social media when faced with R&D challenges. Young tech disruptors will reach out and respond because that is the universe in which they live and work and collaborate,” said Dubey.

He also drew attention to lack of a policy on environmental sustainability and growth and the need to formulate it. “Everyone focuses on numbers but lack of attention to the environment can delay projects and incur huge losses for the service provider,” he added.

Panel Discussion: Research & Development

Dr Anantha Agastya, Former Executive Director, HAL Management Academy and IIMB alumnus (PGP 1981), chaired the panel on R&D and Design at the conference and focused on the drivers of the ecosystem for R&D, listing strengths and weaknesses and providing a wish list for the next 3-5 years that includes technologies in avionics, stealth, armament management, advanced aerodynamics, synthetic/ enhanced vision, vectored thrust and major upgradation of production technologies.

“India is different, so managing R&D here, in terms of human resources, is even more so,” said Dr Yogesh Kumar, Former Director of Light Combat Aircraft, HAL. “One must also insulate one’s team against criticism and negativity here!” Giving the example of the Tejas programme, he said projects themselves are great motivators.

“All aerospace and aviation hubs that we have set up have become big economic multipliers,” he said, adding that aeronautics should be defined as a strategic sector. Defining drivers for R&D in the sector, he listed continuity of projects, industry to lead in the setting up of labs in institutions and private companies, funding to cover risks and a finishing school concept for engineers and managers, especially product managers.

“We do not fail because of technology, but we fail because of management of technology,” he added.

“While the Indian aerospace industry is willing to take the deep plunge, financing and limited in-house R&D are our weakness,” he said.

Welcoming growth opportunities for the aerospace sector, Dr Kota Harinarayana, Former Programme Director and Chief Designer of Tejas, said he did not see the same enthusiasm in the civil aviation sector. “We need an agreement that helps India’s R&D and industry to grow. Private industry should start investing in technology and product development,” he added.

Panel Discussion: Talent Management

Chaired by Professor N.M. Agrawal, former faculty at IIMB, the panel on talent featured Sajit TC, CHRO, BIAL, and Suraj Chettri, Regional Director HR, Airbus India & South Asia.

“If you think organizations know how to manage their talent, then you are mistaken – they don’t,” declared Suraj Chettri, Regional Director HR, Airbus India & South Asia. “In a VUCA world, all is not well in the talent landscape. Demographics are changing, technology is getting complex, and there is a proliferation of global teams that work across geographies. HR needs speed and agility to match the expectations of such a workforce with reality.”

The industry needs “system thinkers”, but the pipeline that supplies leaders to the industry has not evolved. He also urged individuals to take responsibility for their development and not expect the managers and the HR teams in their organizations to do it for them.

Stating that talent has plenty of opportunity in the aviation sector in India, Sajit explained how OEM opportunities help borrow knowledge and grow talent to enhance the capacity of the airline and the airport and the capability of the infrastructure and the support system.

“Currently, India is the 7th largest aviation market in the world. In 5-7 years, we are expected to be the third-largest after China and USA. We have a workforce that learns differently from the earlier generations. So, we focus on e-learning and situational learning.”

Panel Discussion: Start-ups

Sethuraman, Director, Finance, Sasmos, said in the aerospace industry, platform and product development is for the long term. “A start-up needs to stay focused on market, money, men and mission,” he said, adding that while staying mission-focused, the start-up must adapt; it must factor in more money than required; it must estimate market size and delivery time, correctly; and keep the workforce needed to last the initial stretch and beyond.

With a word of caution for start-ups in aerospace, he said when India gears up its ancillary systems over the next five years, early movers need to be well prepared.

Describing the challenges in the aerospace manufacturing industry in India, Rakesh SB, Associate VP, Aerospace Division, Sansera Engineering, listed global competition, human challenges in terms of skill development and team building, building a complete ecosystem with approvals, inventory logistics, among others.

The session was chaired by AN Chandramouli, MD, Starrag Heckert Machinetools.

Panels also discussed MROs, customer experience, and the next frontier in AI, Big Data and IoT. Speakers included executives from Safran, Lufthansa, Accenture Technology, GE Aviation, Boeing Research & Technology, and BIAL, TBS and IIM Bangalore.

The event was organised by the Executive Education Programme of IIMB in partnership with TBS and BIAL.

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While IIMB climbed six spots to rank 27 from its 33^rd spot in 2019, ISB fell to 28 from the 24^th rank it held in the previous year.

IIM Calcutta improved its position, climbing 7 places to rank 42. IIM Ahmedabad, however, registered a steep fall, plunging all the way to 61 from its 47^th rank in 2019.

IIMB Tops Indian Schools in FT Global MBA Rankings 2019

IIMB’s Steady Rise in the Ranking

IIMB’s one-year full-time MBA program, also called the Executive Post Graduate Program in Management (EPGP) had registered a steady rise in the FT Global MBA rankings over the past three years. Ranked at 35 in 2018, it climbed to 33 in 2019 and to 27 in 2020. Its three-year average rank was 32.

In terms of alumni career progress, the graduates’ salary was $183,703 with a weighted salary of the same amount. They saw a salary percentage increase of 157%.

In value for money rank, IIMB was 40, career progress rank 13, aims achieved 83%, career service rank 88. In terms of employment, 100% found jobs within three months of graduation. The IIM stood at 19 in alumni recommended rank.

In terms of diversity, IIMB had female faculty (19%), female students (23%), women on board (36%), international faculty (6%), international students (zero), international board (18), international mobility rank (68), international course experience rank (39) and languages (zero).

In Idea generation, 100% of the faculty held doctorates. IIMB was 98 in FT research rank. Its CSR rank was 86.

ISB Stumbles After Good Show in 2019

Capturing the first place in the FT Global MBA rankings among the Indian B-schools in 2019 at 24, ISB saw its ranking dip to 28, the same place it held in 2018. The school’s three-year average rank stood at 27.

In terms of alumni career progress, salary today was $163,409 and weighted salary of $161,174. The salary percentage increase was 188%. ISB’s value for money rank was 50 and career progress rank 26. Aims achieved was 86% and career service rank 40. About 96% got a job within three months of graduation. The alumni recommended rank was 27.

In terms of diversity, female faculty was 16%, female students 39%, women on board 5%, international faculty 16%, international students 2%, international board 62%, international mobility rank 84, international course experience rank 92% and languages (zero).

In idea generation, 98% of the faculty had doctorates. The FT research rank was 82. The CSR rank was 95.

IIMC Continues its Climb

Over the past three years, IIM Calcutta has registered a steady rise in the FT Global MBA rankings. Ranked at 78 in 2018, it climbed to 49 in 2019 and to 42 in 2020. Its three-year average rank was 56.

In terms of alumni career progress, the graduates’ salary was $165,900 with a weighted salary of the same amount. They saw a salary percentage increase of 138%.

In value for money rank, IIMB was 34, career progress rank 5, aims achieved 86%, career service rank 51. In terms of employment, 100% found jobs within three months of graduation. The IIM stood at 28 in alumni recommended rank.

In terms of diversity, IIMC had female faculty (23%), female students (11%), women on board (29%), international faculty (3%), international students (zero), international board (14), international mobility rank (69), international course experience rank (81) and languages (zero).

In Idea generation, 100% of the faculty held doctorates. IIMC was 100 in FT research rank. Its CSR rank was 90.

IIMA’s Fortunes Dip Further

IIM Ahmedabad has seen its rankings fall from 31 in 2018 to 47 in 2019 and 61 in 2020. The school’s three-year average rank stood at 46.

In terms of alumni career progress, salary today was $ 186,866 and a weighted salary of the same amount. The salary percentage increase was 91%. IIMA’s value for money rank was 51 and career progress rank 7. Aims achieved was 76% and career service rank 99. About 96% got a job within three months of graduation. The alumni recommended rank was 27.

In terms of diversity, female faculty was 21%, female students 23%, women on board 36%, international faculty 1%, international students 1%, international board 0%, international mobility rank 59, international course experience rank 40% and languages (zero).

In idea generation, 100% of the faculty had doctorates. The FT research rank was 99. The CSR rank was 86.

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India has an overwhelming presence in this ranking, capturing 13 places in the 20-rank list.

Best Masters Top 10 Rankings

In the 2^nd spot is the MBA (PGP) program of the Indian Institute of Management Ahmedabad (IIM-A). Ranked third is the MBA-PGDM (Post-Graduate Program in Management) of the Indian School of Business (ISB).

In the 4^th spot is the Indian Institute of Management Calcutta (IIM-C) with its MBA-PGDM. Ranked 5^th is the Kazakhstani MBA program (Management) of the Almaty Management University, the first non-Indian school’s program to make it to the rankings.

In the 6^th place is the MBA program of LUMS – Lahore University of Management Sciences Suleman Dawood School of Business. At rank 7 is the PGDM of Xavier Institute of Management & Entrepreneurship, Bangalore.

In the 8^th rank is the Post Graduate Diploma in Management (PGDM) program of the SP Jain Institute of Management & Research, Mumbai. At the 9^th spot is the Master of Management program of the Indian Institute of Technology Bombay (IITB). The 10^th rank is held by the Post Graduate Diploma In Management (Full-Time) of the Institute of Management Technology (IMT) Ghaziabad.

Three of the top 10 programs are run by the IIMs. Two private institutes, ISB and SP Jain figure in this section. All the programs listed in the list of 20 programs ranking are of two-year duration.

Best Masters Rankings 11-20

Ranked 11^th is the MBA program of the Indian Institute of Technology (IIT) Delhi followed by the Post Graduate Program in Management (PGPM) of the Management Development Institute (MDI), Gurgaon in the 12^th spot.

At Rank 13 is the MBA program of the University of Dhaka- Institute of Business Administration. In the 14^th place is MBA (3 Continent) of the Amity International Business School, Noida.

The 15^th rank is held by the PGDM Global MBA of the Xavier Labour Relations Institute XLRI Jamshedpur followed by the MBA program of the Prestige Institute of Management, Gwalior at the 16^th rank.

The 17^th rank goes to the MBA program at the University of Colombo, Sri Lanka. At rank 18 is the MBA program at the Institute of Business Management (IoBM), Karachi, Pakistan.

Ranked 19 is the MBA program at KIMEP University, Almaty, Kazakhstan. The MBA at Tribhuvan University in Kathmandu, Nepal is ranked 20^th.

Best Masters Ranking Methodology

Eduniversal bases its rankings based on three criteria, namely, the reputation of the program, the salary of the first employment and the students’ satisfaction.

In terms of the reputation of the program, 50% of this score is based on the opinions of recruiters and the remaining 50% on the level of Palme of Excellence of the school.

Every year, the Eduniversal Official Selection of the 1000 best Business Schools throughout 154 countries is reviewed and refined by members of the Eduniversal Scientific Committee.

The schools selected by members of the committee are grouped by country and ranked in the different Palmes of Excellence leagues according to their international influence, reputation and quality.

The information provided by each program on salaries is verified by Eduniversal. The salaries are weighted by country and by the average annual salary of its executives. Three scales are used according to the type of program (MBA full time, EMBA and all other programs).

For assessing students’ satisfaction, a survey comprising 11 questions is emailed to graduating students to assess satisfaction with the completed program. A minimum of 10% of the students in each program must reply to be scored.

Source 1

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IIM B 1 Year MBA/EPGP Placements 2019 – Highlights

The average salary was pegged at Rs 26.28 Lakh per annum (LPA) and median salary at Rs 25 LPA. Both the average salary and median salary went up from Rs 23.46 LPA and Rs 22.00 Lakh LPA respectively recorded during the EPGP 2018 placements.

All the 73 students of the EPGP 2018-19 batch participated in the placement process that concluded in June 2019 and accepted the roles offered within three months of graduation, IIM Bangalore said in the Placement Report.

• Higher mean salary in 2019 compared to 2018: The mean salary has gone up by Rs 2.82 Lakh to Rs 26.28 LPA in 2019 as compared to Rs 23.46 Lakh LPA in 2018
• Higher median salary in 2019 compared to 2018: The median salary has risen by Rs 3 Lakh to Rs 25.00LPA in 2019 from Rs 22.00 LPA in 2018
• 100% placement for 73 students within three months of graduation

Roles Offered

The roles offered included AVP – Engineering Head Marketing; AVP – Operations IT Leadership Program; AVP (Startup Incubator Program) Leadership Trainee (Market Operations); Business Consultant Principal Consultant; Business Manager / Product Manager / City Manager (BD & Operations) / Program Manager; Cluster Manager; Senior Consultant; Consultant-Strategy; Senior Manager – Consulting; GM (Operational Excellence); Senior Manager (M&A); Head Technology Vice President.

Top Recruiters

Industry-wise Breakup

Consolidated  list of offers

• Accenture Tech Strategy 7
• L&T Infotech 3
• Airbus 2
• Manipal Technologies Limited 2
• Amazon 1
• McKinsey & Company 3
• Axis Bank 1
• Microsoft 1
• Basix Sub-K iTransactions 2
• OpenText 1
• Chups 1
• PWC 1
• Deloitte 2
• Quantiphi 3
• E2Open 1
• RPG Group 2
• Ford ITLP 1
• Sapient 1
• Genpact 6
• Shell India Markets Pvt Ltd 2
• HCC 2
• SigTuple 3
• ICICI Bank ltd 1
• Sterlite 4
• Infosys Consulting 4
• Sutherland 1
• ITC Infotech 4
• Tata Elxsi 1
• KRYFS 1

Batch Profile 2019-20

• No. of Students:  75
• Male-female ratio 77:23
• Average experience 7 Years
• GMAT Score Range 650-770
• Mean GMAT score 709

Sources 1, 2, 3, 4