In audience were more than 150 Vice Chancellors, Directors and Deans from Top 75 B-schools & leading Universities from Karnataka, Tamil Nadu, Andhra Pradesh and Kerala. The evening of deliberations focused on the current churn in MBA & PGDM education, and brought-out the conclusions – that the current shakeout in Management Education is painful but healthy process and the MBA Education sector will emerge stronger from the ‘dislocation.’
The evening started with noted Management Guru Dr Jagdish Sheth delivering the Keynote Address. Dr Sheth said, “We are experiencing a historic shake-out today. B-schools must seize this opportunity to reinvent themselves. I see quality B-schools getting more and more students, and institutes at bottom-end will have no takers.” Offering his mantras for survival, Dr Sheth said, “B-schools should focus on ‘Quality, Values, and Innovations’ to survive and thrive.”
Speaking after Dr Sheth, corporate icon Vinita Bali, MD, Britannia Industries, did some tough talking. She questioned the value addition that the current generation of MBAs are bringing to the workplace. “Current crop of MBAs are too obsessed with pay-packages. They are becoming mercenaries. B-schools need to correct this attitude in their students.” Ms Bali also offered her advice to B-school Directors to make their programs more holistic, collaborative, and focused on teaching leadership skills, and not just technical skills.
Delivering a special address, Prof J Philip, founder of AIMS and XIME said, “Indian MBA education is lagging much behind recent entrants like China and Canada. We started well…but we seem to have lost our way. It’s time to wake up, and achieve our true potential”
Dr Madhukar Angur, Chancellor, Alliance University said, “Yes, we are in the midst of a shakeout. But I am bullish on Indian MBA education. Total size of the global MBA education market is USD 35 Billion. But India’s share is just USD 1 billion. So there is a lot of room to grow.”
Directors from leading B-schools like TAPMI, Great Lakes, BIMTECH, IFIM, SDMIMD, who addressed the forum, echoed the message – India MBA & PGDM education is going through a period of shakeout, but the future is bright for quality B-schools.
Corporate panel speakers at the Forum included Dr V Raghunathan, CEO, GMR Varalakshmi Foundation; Mr. Pallab Talukdar, CEO, Fujitsu India; V. Ravichandar, Chairman & Managing Director, Feedback Business Consulting; Mr Kunal Dureja, Country Manager – Career Education, IBM Software Group; Madan Padaki, Co-founder & Director, MeritTrac; CEO, Erudient; and Mageshwari Ramaiah, Head – SAP Education, Indian Subcontinent.
The eminent panel of Top MBA Educators included Dr Madhukar Angur, Chancellor, Alliance University; Prof. S Sriram, Executive Director, Great Lakes Institute of Management; Dr R C Natarajan, Director, TAPMI; Dr. H Chaturvedi, Director, BIMTECH & Alternate President, Education Promotion Society of India (EPSI), Mr Sanjay Padode, Secretary, IFIM Business School, Bangalore; Dr. N R Parasuraman, Director, SDM Institute for Management Development, Mysore; Dr. R.Nandagopal, Director, PSG Institute of Management; Dr Subhash Sharma, Director, IBA, Bangalore; Dr Rajiv Sinha, Dean, MYRA school of Business, Mysore; and Dr. Hari Krishna Maram, Chairperson, Bangalore AIMS Chapter.