Outlook magazine has released the 2014 ranking of B-Schools in India with a section devoted to a ranking of the best B-Schools for a pursuing a One Year MBA course.
The ranking is interesting because it reflects the conflicting themes playing out in management education in India today – the rising stature of one-year MBA courses which are producing MBA talent as the world understands the term thanks to their intake of highly experienced professionals and the historical predominance of two-year PGDM/ PGP courses in India which largely recruit freshers.
The situation seems to have left an imprint on the ranking – while the magazine has chosen to base the core ranking of B-School’s solely on scores assigned to AICTE, NAAC and AIU accredited two-year PGP/ PGDM courses, the write-ups accompanying the rankings seem to suggest that the industry in India is increasingly preferring talent graduating from one-year MBA courses that is ready to hit the ground running.
It’s perhaps worth noting here, that one-year MBA programmes are in fact the only courses in India to have been accredited as MBAs by global accreditation body AMBA, UK.
In an article accompanying the rankings titled ‘What recruiters want‘ A.K. Balaji Prasad remarks, “Despite the beeline made by recruiters at India’s top-to-middle B-schools, there is one issue that’s been troubling them for the last several years. The fresh stock they routinely pick up from these elite campuses every year rarely match the industry’s requirements and have to be retrained and oriented for specific needs.”
In another article titled ‘Are we the Players‘, author Arindam Mukherjee says “most companies are getting rid of their training and orientation culture to create a workforce that is war-ready and want the B-schools to take responsibility for doing that” and that “recruiters are showing increasing proclivity towards graduates of one-year courses, who tend to have worked before.”
Coming to the rankings, the methodology followed by the magazine for the ranking the best B-schools for one-year MBA courses this year is not entirely clear. Last year, Outlook had mentioned that its inaugural 2013 ranking of Best B-school’s for One-year MBA courses is based solely on recruiter perception.
Despite the beeline made by recruiters at India’s top-to-middle B-schools, there is one issue that’s been troubling them for the last several years. The fresh stock they routinely pick up from these elite campuses every year rarely match the industry’s requirements and have to be retrained and oriented for specific needs
This year, while Outlook has clearly defined the parameters for its main ranking of Best B-Schools for two-year PGP/ PGDM courses, its is silent on the key criteria considered for ranking B-Schools for their one-year MBA courses.
The ranking has some surprises – while the top 3 slots in the ranking have been grabbed by IIM A, ISB and IIM B in that order, IIM C (No. 5) has been upstaged by XLRI (No.4).
However, some aspects of the ranking strike an odd note. Chennai based Great Lakes Institute of Management has been ranked No. 7 this year – above schools such as IIM Indore and SP Jain.
The inclusion of IIM Kozhikode at rank 8 is absurd – IIM K doesn’t have a one-year full time MBA course. IIM K does however offer a two-year part-time course (executive MBA) called EPGP.
While the course name is very similar to the branding used by IIM B and IIM I for their one-year full time regular MBA courses (EPGP again), IIM K’s EPGP is a part-time course. IIM K should ideally have been ranked separately for this course, possibly in a ranking of best B-Schools for an Executive MBA.
Read more of Outlook’s 2014 B-School ranking at this link.