Wednesday, June 04, 2008

Indian Biz Schools Not Upto Par

"Business education is booming in India, but the bulk of rank-and-file
programs in the country suffer from outdated textbooks, professors who
don't keep up with economic trends, and narrow curriculums, according
to a recently released report by an Indian business group," says and
article in Business Week.

According to the article, "The Business Barometer study was issued
last month by the the Associated Chambers of Commerce & Industry of
India (Assocham), the country's leading chamber of commerce
organization. It found that beyond the top 30 institutions, most
business school professors and lecturers in India's business schools
are ignorant of the world's major economic trends and key
developments, such as the subprime crisis in the U.S. Few read
business publications.

The study's author, Jyoti Bhutani, called the findings "shocking,"
adding that Indian businesses are finding it difficult to get
top-quality graduates. She said there is "a huge gap" between the pay
packages offered to grads of top Indian business schools
(BusinessWeek.com, 4/13/08) and those provided to grads of the lesser
institutions."

Also it is very interesting to note that even the top cadre IIM's are
not accredited, "John Fernandes, president of the U.S.-based
Association to Advance Collegiate Schools of Business International
(AACSB), said his agency is working with four or five of the top
Indian business schools that are seeking AACSB accreditation. Most are
members of the "elite" business school cadre in India, known as India
Institute of Managements. None of the top Indian business schools has
accreditation from AACSB, one of the leading business school
accrediting agencies.

Setting a high standard for Indian business schools by satisfying a
quality accrediting agency is an important step for Indian business
schools, said Assocham's Bhutani. An improved accreditation process
would have a ripple effect on all Indian business schools, he
continued, forcing them to improve the quality of teachers, materials,
and professional development."

Read the full article at --
http://www.businessweek.com/bschools/content/jun2008/bs2008063_820520.htm?chan=top+news_top+news+index_news+%2B+analysis

1 comment:

SIR BOND IYER said...

Even then , how is it they are getting Very good jobs Overseas?