About one lakh MBAs graduate from 1,400
B-schools every year
‘IT and IT-enabled services alone require 25,000 graduates a year’
Bangalore: There is a growing demand in the country for MBAs, and the information technology and IT-enabled services alone required 25,000 graduates, a year, according to J. Philip, former director of the Indian Institute of Management, Bangalore.
Mr. Philip, who is chairman of the Xavier Institute of Management Education, was speaking at a conference on “Management education: country perspectives in a globalising world,” here. It was organised by the institute, The Hindu and The Hindu Business Line.
Refuting the oft-repeated criticism about management education in the country, Mr. Philip said that about one lakh MBAs graduated from 1,400 B-schools every year and almost got suitable or near-suitable jobs within a year.
He said there were 25 world-class B-schools and 100 top quality institutions in the country, comparable to the second level in the most advanced countries. There were another 100 which would be pretty acceptable in terms of their standards. This, he said, was almost the same as the combined number of B-schools in England, France, Italy and Germany, and the schools in the categories from D to A were trying to move up to the world-class level.
Mr. Philip called for raising the intake in the B-schools to cope with the increasing demand for seats and they should be brought under three categories, namely the national ones, the university departments of management and the autonomous ones offering postgraduate diploma in business management to maintain standards.
He said that by 2012, India would become the intellectual hub of the world, which would have four major sectors such as information technology, biotechnology, entertainment and management.
In management, India would emerge as the second important destination for recruitment of international managers, which demand joint ventures and consortia among Indian B-schools with foreign B-schools.
He urged the Union Government to liberalise and globalise management education, so that the B-schools would become competitive.
Jean-Pierre Helfer, Director-General, Audencia School of Management, France, said with the kind of thrust being given to management education in the growing market, no institute could afford to raise the fees on courses, but have to focus on enriching their programmes, competitiveness and productivity.
This would in the long run facilitate merger of institutes across the globe in carrying out productive academic courses, he added.
Marti G. Subrahmanyam of the Finance and Economics Stern School of Business, New York, said U.S. business schools offered broad international training for a multinational student body. There were opportunities for collaboration between the American and Indian schools.
All-India Management Association president Kewal Handa inaugurated the conference. Sarosh J. Ghandy, chairman of the institute, welcomed the gathering. Association of Indian Management Schools president Uday Salunkhe spoke. Institute director D. Panduranga Rao proposed a vote of thanks.