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Best B-schools: the best in the business

Best B-schools: the best in the business
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First Published: Tue, Sep 23 2008. 10 08 PM IST

Fun time: Students take a break from classes at the XLRI Learning Center in Jamshedpur. Indranil Bhoumik / Mint
Fun time: Students take a break from classes at the XLRI Learning Center in Jamshedpur. Indranil Bhoumik / Mint
Updated: Tue, Sep 23 2008. 10 08 PM IST
Ten days after the debut of the Mint C-fore rankings on the Best B-schools, your questions and comments are still pouring in. Between letters, comments, live discussions and responses to our blogs, we culled about 75 total pieces of feedback to bring you an edited excerpt of reactions to our special issue; note that since some of these comments appeared online, their grammar and syntax have been cleaned up for clarity’s sake. Please keep feedback coming at businessschools@livemint.com and check out our many features online at www.livemint.com/mba
I believe one of the reasons for poor quality management education in India is lack of emphasis on work experience. Management is more of art than science. Any reason why you didn’t include average prior work experience as one of the
Fun time: Students take a break from classes at the XLRI Learning Center in Jamshedpur. Indranil Bhoumik / Mint
parameters in your survey? You didn’t consider it or do you think it is not as important?
Kapil
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As someone who comes from Pune and who also toyed with the idea of doing an MBA, I can confirm that SIBM (Symbiosis Institute of Business Management) is considered the best B-school in Pune. They had been slack (in management) for some time, but have pulled up their socks in recent years. SIBM is closely followed by Symbiosis Centre for Management and Human Resource Development. But a lot of unknown institutes, including some which spam my email inbox, seem to have made it to your rankings.
Khandu
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I feel that the rating is not up to the mark. There is no way IBS, Hyderabad can be at No. 5 ahead of some of the IIMs, FMS and IIFT. Also, SP Jain is overrated, and this is the same for the other B-schools. A better method of rating is by grouping institutions into various classes such as A, B and C rather than giving them rankings as the ranking system very often misleads people, especially prospective students.
Anish Celestine Dave
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I have gone through your B-school ratings. I am a student at one of the B-schools that appeared in your ratings and I find these ratings highly overstated and miscalculated.
Harish Rathi
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“Objective” data that uses quantity as measure and not quality. That sees the number of teachers and not the academic backgrounds of those teachers. Number of cases written and not the quality of cases. Infrastructure which counts acreage and Wi-Fi and not the database and journals subscription. No objectivity on the rigour of the academic process. That, I guess, is immaterial to the author. No objectivity on the quality of students joined. Recruiters feedback.
I would like to see the questions asked. Also, the weightage given to each recruiter as per career/salary offered. Wonder when someone will get these rankings right. A forum does “perception” ranking; someone does an “objective” study. And an aspirant is as confused as ever.
Vineet
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You have used RTI to get information from non-participating IIMs and some other colleges. But then, you are justifying your rating by the way colleges treat their faculty, faculty effectiveness, quality of student selection, which are subjective and are not accounted in college registers. What a college provides you in RTI is no more than standardized information about faculty salaries, number of faculty/PhDs, acres of land, size of buildings/classes. How can it convey the culture around which the academic structure is built or the rigour with which students go through their studies?
Gaurav
An institute set up to empower rural India looks at itself also
When we idolize the bottom-up approach, it is only fair that we also talk about involving the current students in the placement policy decision-making. After all, their lives are affected the most by this decision. It’s a thought that the CRs (class representatives) of the two batches be made a part of the committee that decides on the placement policy.
Manu Kaushik
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The institute has a stated purpose and also an articulated pathway. Let it remain like that for some time. Cooperatives and rural community-owned institutions do have a role to play even in changing times for protecting the interests of the producers. Irmans are trained to serve this cause. By choosing to serve the companies, we are becoming just another management institute in the country. Let there be at least one institute in the country serving the need of rural institutions and people.
Krishnagopal GV
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The biggest change that I see with IRMA is that it is now “following” rather than “leading”. That society per se is doing so is no excuse. Even at the time of its establishment, IRMA was a path-breaker. I am sorry it is no more the same despite many of the challenges which are similar. Secondly, IRMA will have to inculcate the basic values of putting client communities first rather than changing clients to companies who have profits as purpose as against profits as instrumentality. Anyway, this is all about evolution and there will be many phases before IRMA becomes an Institution.
Sanjeev Kumar
How not to choose a business school
The course is merely a product, millions may buy it, but the ones who apply for it can be the true judges of things to come. It’s very easy sitting on the other side of a fence and commenting on the scheme of things handled by the B-school in question, but I ask the readers whether this is merely an opinion being written out and not the whole truth. I have been with the institute and their founding fathers since 2003, when I started out in their undergrad course. The serious 20% of every
Dressed for success: Students in convocation robes at the Indian Institute of Management, Ahmedabad. Amit Dave / Mint
class which is focused always does well. It has boosted the confidence of many friends and allies and imparted knowledge to those students whom other business schools chose to ignore to maintain their crème-de-la-crème status. I am proud to be a part of this system that taught me to aim higher even at my lowest low. At the end, it is what you learn that matters, not where you learn it—the degree is merely a piece of paper. It is the experience that does all the real teaching in life, that’s the experience which is the core of this institute.
Aditya Coondoo
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Though we all know which school you are talking about, it would be clearer if you had published the name, since a lot of B-schools can fall under that category, including some on your list.
Sudha
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If my guess is correct, the institute being referred to is into film production (a movie with Amitabh Bachchan just released). I guess this smart act of diversification can solve all placement problems. Just imagine — a Lord of the Rings remake in Hindi can employ an army of MBAs in the battle scenes....
Anonymous
MBA, the asynchronous way
Subash is very correct in saying that “asynchronous learning” is perhaps the best way to keep upgrading one’s mind, without actually attending a formal course! TIFAC has also made an initiative towards this novel approach of “technology enhanced learning” by asking professors at IIT Bombay to capture their lectures on popular engineering topics and put them in open source — after suitable editing. Excellent editing tools have been developed as part of this project. Twelve workshops have been “online”—its in open source, so anyone can see and benefit. More at http://ekalavya.it.iitb.ac.in/eOutreachHome.do
Congratulations Subash, for bringing in UMUC into this concept. The country needs more people with bright ideas like you.
Anonymous
10 things which will make life easier at management school
This is so stressful. The 1990s were so much more peaceful. The only time you slogged was for CAT. After that, you had to just land up with a toothbrush and some clothes and two years later get a job (and for some, get a spouse). Now, one has to worry about stuff like calculators and iPods.
Anannya Deb
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For students who forget their calculators or only have their laptops handy, check out www.eCalc.com for a really nice free online calculator.
Anonymous
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This article seems to have been written by someone who graduated years ago. Half the things in it are pretty bizarre. Casserole?? Every half-decent B-school has an all-night canteen these days.
Similarly, why carry a bulky portable hard disk when you can carry an 8GB pen drive?
And who has time to read fiction? When you want to relax you want to leave your brains behind and watch a movie on your laptop or play a videogame.
Hersh Tolani
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Cut him slack, mate, he graduated from IIM-A. He really couldn’t afford to go to canteen every time his hunger pangs acted up.
Puneet
An alumnus returns to find out what keeps IIM-A at the top
A very well-written article indeed. Alumni reading this would feel nostalgic about their own alma mater. Sidin, feel free to write to me about Prayas, maybe I can join it (not being an alumnus of IIM but IIT). I myself had a slight khujli of doing MBA but then...
Brijesh Batra
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A touching description, as much as one fraught with pertinent questions. I’m tempted to scream out loud to the world about the dozen other brilliant things this institute should be known for, apart from salaries and placements. As for the memories... Being a PGP2 here, I’m already dreading having to leave very soon. Well written, Khujli.
Akanksha Thakore
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A heartwarming read... Barely three months in campus (as a PGP1), I already find myself having a relationship with the few minor things of life at IIM-A. Rems, dorms, classes, T-nites, and a lot more. People say IIM-A is all about placements, salaries and, occasionally, there are a few murmurs about acads. But what goes unnoticed is the rich culture and tradition of this institute. Happy to be here and thanks for reminding me of the same :)
Punit Garg
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Gave me goose bumps... Even I am totally in love with this place. There is nothing else which could have possibly made me leave Mumbai and come back to this place again. Working on campus now and loving every bit of it. Though Mumbai is missed for varied reasons, IIM-A has by far been the best institute I’ve been to... The love affair started in 2003 and it still continues. There is something about this place which makes you come back.
Aditi Gupta
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Nice read. Had read about “the wife” on the blog, but the way you met your wife is inspiring indeed for current campus mates :)
Siddharth Chaudhari
On the hunt for an MBA, stay focused on why
After reading S. Mitra Kalita’s write-up...I realized that I am in the same boat as her cousin Lee is/was in. For the past two years, I’ve been working as a reporter/journalist. Currently, I am working with an English news channel. I like my job, can see a future for myself in this field, the pay is decent and certainly will become better with a few more years’ experience. However, I’ve been wondering whether I should leave all this to do an MBA.
So right now, I don’t know whether I should join a business channel/newspaper and do both the things which I enjoy. Or should I prepare for CAT through weekend classes and do an MBA maybe in marketing or a general MBA and hopefully get into a good B-school? A major reason apart from a better salary package is that I think staying in media for more than 10-15 years is really difficult. Media may offer a good package, but there is hardly any stability in this field... The more senior you become the more risky your job gets. Do you think I have a valid reason to do an MBA?
Sanu Nair
Can’t take two years off the rat race?
It is good to see the article on executive MBAs in India, but it was unfortunate that the article did not have sufficient details about one of the oldest executive MBA courses, the one offered by IIM Indore.
Sanjeev
If the US, UK or Australia is the goal, start thinking a year ahead
Readers may be interested to know that there’s another option to taking the GMAT in the US. It’s the readily accessible and cheaper GRE. There is a growing trend of MBA programmes accepting both GRE and GMAT for admission into MBA programmes. Schools believe that accepting GRE will help to diversify and broaden the applicant pool. Many prominent business schools now accept the GRE for admission into MBA and graduate business programmes, including Stanford, MIT, Johns Hopkins, Clemson and many, many more. For more information, visit www.ets.org/gre/bizpress
Mark McNutt
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First Published: Tue, Sep 23 2008. 10 08 PM IST