You can consider me an informal promotions agent of India. After having had two business assignments in New Delhi, I still haven’t gotten over the feeling of that wonderful experience and always suggest to friends to include it in their travel plans.
Aside from being known as the seventh largest country in the world by land area, and second in population, India is also the home of Sanskrit, the oldest written language and Hinduism, considered to be the world’s oldest religion.
It is a land of surprises, ethnically, socially, culturally and economically. India is currently one of the economic powerhouses in Asia and, related to this, has over 2,400 business schools (PaGalGuy.com) – an outrageous number if compared to the 461 or so, in the U.S.
Numbers aside, of this total, only 1,999 are approved by the AICTE (All India Council for Technical Education), while the rest are un-approved private b schools.
Another sorrowful statistic is that these b schools, combined, can only offer 190,000 seats to an average of 300,000 to 400,000 MBA hopefuls queuing to take the national and state-level entrance exams in any give year.
If you think this is bad enough, hold on. Despite its vast number of b schools, only eight, yes, eight, are globally recognized (mba.learnhub.com).
1. MDI (Management Development Institute), Gurgaon, Gurgaon, New Delhi (1973) – AMBA (Association of MBAs) accredited;
2. ISB (Indian School of Business), Hyderabad, Gachibowli, Hyderabad (2001) – AMBA accredited and the first Indian B school to be accredited by the AACSB (Association to Advance Collegiate Schools of Business).
3. IIM (Indian Institute of Management) Kozhikode, Kerala (1996) – AMBA accredited;
4. SP Jain Mumbai, Munshi Nagar, Mumbai (1993) – AMBA accredited;
5. IIM Admedabad, Ahmedabad, Gujarat (1961) – EQUIS (European Quality Improvement System) accredited.
IIM Ahmedabad is the second b school in India, after IIM Calcutta which, unfortunately, does not belong to the top seven.
It is also one of the top b schools in the Asia/Pacific region (siliconindia.com).
6. IIM Bangalore, Bengaluru, Karnataka (1973) – EQUIS accredited
7. Alliance (Alliance University), Bangalore, Chikkahagade Cross, Bangalore (2010) – IACBE (International Assembly for Collegiate Business Education) accredited;
8. PSGIM Coimbatore, Tamil Nadu (1971) – ACBSP (Accreditation Council for Business Schools and Programs) accredited.
Why such a dismal rate of accreditation, you might ask?
Not for their inability to meet accreditation standards. In fact international accreditation bodies have always been open and willing to collaborate with leading Indian B schools in this regard. But some members of the Indian management education community find it expensive and complicated.
Dr. Gurumurthy Kalyanaram, who?
Dr. Gurumurthy Kalyanaram disagrees. He thinks that leading Indian b schools must seek global accreditation.
But who is Dr. Kalyanaram?
He is professor, management consultant and an academic administrator. He got his doctoral degree from MIT Sloan School of Management, is a well-known scholar whose research work is highly cited. Dr. Kalyanaram has founded a full-time MBA program at the University of Texas and has served as Director of Graduate Studies and Dean of the School of Business in said university (mbauniverse.com).
He believes that Indian b schools must strive for global accreditation for the following reasons:
First: Accreditation ensures that Indian b schools are globally benchmarked and its programs will be recognized, world-wide, by employers, scholars, universities and governments.
Graduates from accredited universities can compete in the global marketplace for placement and can apply to various reputed business schools for further education, as faculty members or research fellows.
It will transform Indian b schools into players in the global marketplace for jobs and ideas.
Second: Accreditation will foster research by professors because serious intellectual output is one of the major criteria for accreditation.
Research requires an understanding of the current research output by other researchers and a professor engaged in active research will be contemporary in knowledge. Research is an important and integral part to contemporariness in curriculum and teaching.
India is an ancient country. But its b schools are very young compared to, say, Wharton which opened in 1881. While it has achieved significant economic progress in such a short time, its bench of management talents is relatively shallow and may not be able to take the country in step with the more industrialized countries as global competition becomes stiffer in the years to come.
If it can pride itself of the world-renowned Taj Majal, it should not have difficulty of putting more than half of its b schools in the global radar if it puts its mind into the challenge.Best B Schools in India Recognized Globally by Joseph Dabon