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Topic2-CharanyanIyengar

Topic2-CharanyanIyengar - CharanyanIyengar IIM,Kozhikode...

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W INNER CRISIL Y OUNG T HOUGHT L EADER 2010 Charanyan Iyengar IIM, Kozhikode How do disclosure levels of Indian business schools compare with those of their global peers?
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Table of Contents Executive Summary ................................................................................................................................... 1 1. Management Education in India ........................................................................................................... 2 1.1. Importance of Disclosure .............................................................................................................. 3 1.2. Current State of Accreditations .................................................................................................... 3 1.3. Type of Disclosures ....................................................................................................................... 4 2. Methodology ......................................................................................................................................... 4 2.1. Key Global Business School Disclosure Trends ............................................................................. 5 2.2. Key Indian Business School Disclosure Trends .............................................................................. 5 2.3. Reasons Contributing to the Disclosure Divide ............................................................................ 6 2.4. Impact of these Disclosures in India ............................................................................................. 7 3. Primary Research .................................................................................................................................. 7 3.1. Results & Inference ....................................................................................................................... 8 4. A Dire Need of reliable rankings ........................................................................................................... 9 4.1. Benefits of Rankings/Grading: .................................................................................................... 10 5. Conclusion ........................................................................................................................................... 10 6. APPENDICES ........................................................................................................................................ 11 7. References .......................................................................................................................................... 15 Executive Summary
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India produces around 200,000 management graduates every year and has around 2000 business schools with around 300 business schools outside the purview of All India Council of Technical education (AICTE). With youngsters vying for top-spots in management schools and with the clutter of information present in form of shabbily maintained websites and discrepant ranking agencies, it becomes important to rectify this information asymmetry. After conducting a secondary analysis of 7 Ivy League institutes of the world and 7 Ivy League institutes of India the areas where Indian-schools lag in disclosures are identified. These are found to be: Curriculum, Placements, Admissions/Suitability of Program & Faculty details. We also carry out a primary research of 45 applicants from various cities through an online survey to find out their preferred methods of researching for schools and their parameters in choosing schools. The inferences of the primary research convey that applicants mainly survey from Rankings and Alumni’s Word of Mouth. And their key parameters of contention in selection of a School are: Faculty, Placements, reputation & Industry Interaction. Currently websites are not the primary mode of researching for B-schools but they are soon to catch up as internet penetration increases in the country. We conclude the study by providing ways to increase placement disclosures among institutes and increase mandatory website disclosures for the other parameters mentioned. 1. Management Education in India India produces around 200,000 management graduates every year and has around 2000 business schools with around 300 business schools outside the purview of All India Council of Technical education (AICTE).
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Management education finds its roots in the capitalism of US. In India, management education began just half a century ago, with the first full-time MBA program in 1957. The Indian Institute of Management (IIM) was established in Calcutta & Ahmedabad in 1961 & 62 respectively. These schools were modeled on the pedagogy & structure of Harvard Business School & Sloan School of Business, Massachusetts. Post liberalization, many schools came up. Bodies such as Association of Indian Management schools were formed in 1988. This later became the 2 nd largest B-school association. The proliferation began in 1991 with around 70 business schools
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