Indian Express Survey of best BSchools in south India

Around 60 institutes participated in the survey. The following topped the list on different parameters

surprising top 50

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We wish to create not just competent but also compassionate managers. My role as a leader is

simply to lead people to their highest purpose, greatest productivity and to their ultimate

possibilty as a human source— Debashis Chatterjee, DIRECTOR, IIM-KOZHIKODE

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wake-up MBAThe first-ever survey on B-schools in South India reveal that institutes in tier-2 cities fare better than those in metros

There are a dozen B-school sur-veys fi lled with statistics and information that, at times, can be overwhelming. But such exercises are important as it

helps MBA aspirants to narrow down on their dream course and institute. With more then 2,000 institutes in the country, an all-India survey is now redundant. Students want a college closer home. Hence, edex has come out with the fi rst-ever survey on the B-schools in South India and Odisha.

Predictably, IIM-Kozhikode has bagged the top slot (IIM-Bangalore didn’t partici-pate). Surprisingly, the survey reveals that government institutes offer better facilities for students. The government-run Bharathidasan Institute of Manage-ment (BIM), Tiruchy, and Institute for Financial Management and Research (IFMR), Chennai, fi gure in the top 10. Over 60 B-schools participated in the sur-vey conducted by CMER (GHRDC). The fi ndings are startling and what we found is a mess that is management education.

B-schools in every townThere are several hundred management schools in India that offer varied levels of MBA and specialised courses and promise the moon. “Such a trend began somewhere in the early 2000s,” says All-win Agnel, founder and CEO, PaGaLGuY.com. “Until 2003 or 2004, the IIMs charged not more than a couple of lakhs for an MBA. So graduates were happy when they got `15-20,000 as monthly salary. For some reason, the IIMs hiked up their fee and found no problems getting students. This made MBA a lucrative business. Thus, business schools mushroomed

everywhere and within a couple of years, the market was fi lled with directors and founders fl ush with cash.”

IFMR is the most expensive B-school in the South. It charges `10-lakh for a two-year programme. IIM-K and Badruka Institute of Foreign Trade, Hyderabad, take the next two slots with `9 lakh.

Today, there are online alumni testi-monials with details on the courses, fee, placement facilities, infrastructure and everything you want to know about MBA. But in the early 2000s, there were none. So students relied heavily on the promises made by B-schools and invested lakhs in their education.

But all this changed when recession hit in 2008. “These students were in for a rude shock,” says Agnel. “Half of them didn’t get desired jobs and those who did

TOP 10 B-SCHOOLS IN SOUTH INDIA

OTHER LEADING B-SCHOOLS

Indian Institute of Management, Kozhikode, Kerala

Bharathidasan Institute of Management, Tiruchy, Tamil Nadu

Loyola Institute of Business Administration, Chennai, Tamil Nadu

Institute of Public Enterprise, Hyderabad, Andhra Pradesh

Institute for Financial Management and Research, Chennai, Tamil Nadu

Department of Management Studies, Pondicherry University, Puducherry

SCMS-Cochin, Kerala

PSG Institute of Management, Coimbatore, Tamil Nadu

Department of Management Studies (NIT), Tiruchy, Tamil Nadu

GITAM School of International Business, Visakhapatnam, Andhra Pradesh

■ Christ University, Bangalore■ Department of Management

Studies, IIT-Madras, Chennai■ Indian Institute of

Management, Bangalore ■ T A Pai Management

Institute, Manipal

Rank Name of B-schools

These well-known institutes in the South did not participate in the survey for reasons known only to them

Indian School of Business (Hyderabad), one of the best B-schools in India, does not offer two-year programmes. Since it was one of our pre-requisites for partici-pation, ISB was not included in the survey.

were unhappy with their salary pack-ages. Word-of-mouth happened and now, there are many B-schools that are running in less than half their capacity. Five years ago, Amity used to take over 1,000 students but now they’ve admitted just 300. Even the number of people who took the CAT has decreased this year.”

Low pedagogy qualityA dearth of qualifi ed professors is one of the biggest problems facing man-agement education. Even with a PhD, professors are unable to keep up with the industry standards. “In the tier-2 and tier-3 B-schools, most of the senior faculty members hail from a commerce background. They have no clue how to teach an MBA course. Very few have faculty with PhDs,” rues Prof Rajendra Kumar Gupta, director, Sobhagya Con-sultancy, Mumbai.

For instance, the Department of Management Studies, Pondicherry University, is the only varsity in the South that has PhDs as full-time fac-ulty. IIM-K comes a close second with 96 per cent.

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HIGHER EDUCATION IS MORE THAN COLLEGEMail your contributions and feedback to:

[email protected]

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edex

The New Indian ExpressMONDAY, December 13, 2010

A veteran in the fi eld with more than two

decades of teaching ex-perience, Gupta says hav-

ing a PhD is no use if they have no industry experience. “In medical colleges, professors are also doctors who do surgeries and practice medi-cine. The same standard should be followed in MBA as well. You can’t teach management based on theory alone.”

Many professors claim to have published journals and have worked as consultants to major corporates. Gupta dismisses these claims and asks for proof. “How many of their articles have been cited in local or international magazines? If they’re conducting research, where are the results published? Very few univer-sities allocate funds for teachers to pursue genuine research work. The entire system is terrible.”

Our survey reveals IIM-K and Chennai-based Loyola Institute of Business Administration and IFMR are the top three in terms of research, publication and academic structure.

In most of the top B-schools, the teaching load on the faculty is less — They wouldn’t spend more than 150-200 hours a year taking classes. But, they spend a lot of time pre-

A with

decadeperience

Our B-schools need to include more Indian cases in the curriculum and also become application orientated. As

the corporate sector is competing with foreign multinationals, it helps graduates to tackle crisis

situations in India, Europe and the USVG Chari, DIRECTOR-ACADEMIA, SIVA SIVANI INSTITUTE OF MANAGEMENT

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paring the syllabus. “It’s through a clearly defi ned curriculum that an institute achieves its goals. Unfor-tunately, not many professors have a say in the syllabus. So you have MBA classes being conducted by people who’re completely ignorant about the relevance of the subject in current times,” says Saji Gopinath, director, TAPMI, Manipal.

Perhaps to fulfi l this lacuna, there’s a general trend of inviting senior fac-ulty from other institutes or conduct guest lectures by industry experts. “But in Wharton Business School (University of Pennsylvania, USA) for instance, there’s no such thing as a visiting faculty. All professors work full-time but take classes for a particular semester,” says Agnel, a Wharton alumnus. “For the rest of the year, they’re busy preparing courses, writing books, working as consultants for business ventures, publishing articles and also pursu-ing and assisting in various forms of research in their respective fi elds. This keeps them updated on current events, and helps them while tak-ing classes in the following semester or year.”

Zero peer learning Unlike B-schools in the US, UK and

TOP 10 B-SCHOOLS RANKED BY INFRASTRUCTURE

1 Indian Institute of Management, 117.44 Kozhikode

2 Bharathidasan Institute of 109.29 Management, Tiruchy 3 SCMS-Cochin (School of 101.53 Communication and Management Studies), Kochi 4 Institute of Public Enterprise, 98.81 Hyderabad

5 Loyola Institute of Business 98.15 Administration, Chennai 6 Indus Business Academy, 97.9 Bangalore

7 Department of Management 96.96 Studies, Pondicherry University, Puducherry

8 Siva Sivani Institute of 96.05 Management, Secunderabad

9 Dhruva College of Management, 95.25 Hyderabad

10 Rajagiri Centre for Business 93.42 Studies, Kochi

Rank Name of B-schools Infrastructure (Physical and academic) (140)


for learning but also for networking.”

Gopinath concurs and adds, “The percentage of women may be more in local B-schools but it’s negligible in top institutes. Without diversity, what kind of exposure would you get in a class-room? You’ll have a very narrow per-spective of the business world, which would be strongly infl uenced by your teacher’s viewpoints.”

One of the ways to fi x the problem is to slightly alter the admission process. Admission to any B-school heavily depends on the percentage of marks stu-dents score in entrance exams and also at the graduate level. “Students need to meet certain standards but marks should not be the only criteria,” says Saboo. “In the West, admissions are based on multiple factors like your GRE/GMAT/TOEFL scores, graduate percentile, recommendation letters from colleges,

TOP 10 B-SCHOOLS BY ADMISSION PROCESS


2 Bharathidasan Institute of 132.75 Management, Tiruchy 3 Loyola Institute of Business 117.42 Administration, Chennai 4 Department of Management 115.55 Studies (NIT), Tiruchy 5 Institute of Public Enterprise, 114.31 Hyderabad

6 Dept of Management Studies, 108.95 Pondicherry University, Puducherry

7 Rajagiri Centre for Business 90.65 Studies, Kochi 8 Institute for Financial 90.49 Management and Research, Chennai 9 IFIM Business School, Bangalore 90.17

10 SCMS-Cochin, Kochi 86.88

Rank Name of B-schools Admission system and process (240)

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Numerous changes should be made in the admission process, selection process, recruitment of faculty, etc.

Industry should work closely with society and must support the careers of deserving students. Social

entreprenuership should be promoted in a big way— RK Mishra, DIRECTOR, INSTITUTE OF PUBLIC ENTERPRISE, HYDERABAD

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Europe, students are not required to have work experience before they apply for an MBA. “A majority of students at the IIMs and other top institutes are freshers — mos-tly graduates from engineering or com-merce. There’s no diversity in a batch. What will one fresher teach another?” avers Amit Saboo, founder, ProAvenues, an assessment company in Mumbai.

This is evident in our survey, which showed that 93 per cent of students at BIM and 91 per cent from IIM-K are engineers. Overall, in 62 B-schools, 28 per cent of students are engineers and 32 per cent come from the com-merce stream. Almost 65 per cent of them are men.

Adds Agnel, “In my batch at Whar-ton, there were students from 96 coun-tries from varied educational and pro-fessional backgrounds. Forty per cent of the class had women. There were also very few freshers. This diversity is an absolute requirement, not just

Marks should not be the only criteria. In the West, admissions are based on multiple factors like your GRE/GMAT/TOEFL scores, your graduate percentile, recommendation letters, reference letters (if applicable), your essay, resume and also sometimes personal interviews. The admission process is clearly defined and less ambiguous

— Amit Saboo, FOUNDER, PROAVENUES, MUMBAI

TOP 10 B-SCHOOLS BY FACULTY RESEARCH, PUBLICATION & ACADEMIC FINANCIAL STRUCTURE


2 Loyola Institute of Business 166.6 Administration, Chennai

3 Institute for Financial 157.72 Management and Research, Chennai

4 SCMS-Cochin, Kochi 146.55 Kochi

5 Institute of Public Enterprise, 140.28 Hyderabad

6 Bharathidasan Institute of 135.82 Management, Tiruchy

7 PSG Institute of Management, 134.39 Coimbatore

8 IFIM Business School, Bangalore 131.38

9 Department of Management 126.91 Studies, Pondicherry University, Puducherry

10 Indus Business Academy, 110.92 Bangalore

Rank Name of B-schools Faculty research, publication & academic financial structure(310)

TOP 10 B-SCHOOLS BY PERCENTAGE OF FULL-TIME FACULTY WITH PHD

1 Dept of Management Studies, 100 Pondicherry University, Puducherry

2 Indian Institute of Management, 96 Kozhikode

3 Department of Management 69 Studies (NIT), Tiruchy

4 Institute for Financial 67 Management and Research, Chennai

5 Department of Management 67 Studies, Anna University, Chennai

6 Loyola Institute of Business 64 Administration, Chennai

7 MOP Vaishnav College, Chennai 63

8 GITAM School of International 57 Business, Visakhapatnam

9 Institute of Management in 56 Kerala, University of Kerala, Thiruvananthapuram

10 GITAM Institute of Management, 54 Visakhapatnam

Rank Name of B-schools % of full-time faculty with PhD


Photo: Nagaraj Gadekal

reference letters from your employers (if

applicable), your essay, resume and also sometimes

personal interviews. The admission process is clearly defi ned

and less ambiguous.”

Where are the jobs?B-schools are famous for their attrac-tive ads that cite free laptops and 24-hour wi-fi connection as some of their USPs. Though students are now smart enough and won’t be carried away by such shameless gimmicks, what attracts them, however, is the promise of 100 per cent job placements.

“New institutes cannot guarantee quality placements. They’re barely a couple of years old, with very less industry interaction,” explains Sudha-kar Rao, GHRDC, Hyderabad. “Over a period of time, when B-schools invite experts for panel discussions, mock interviews, grade internships and guest lectures, it gives them an opportunity to know what the institute can produce.”

He adds that it’s important to know the placement system of an institute. “How many people work in a place-ment team and who heads it? What’s their industry interface? What has been their track record and where have they found jobs for students?

refyou

appliresume

personal

Management education is mostly an ‘add-on’ course to engineering in India. This stepmotherly treatment

given to a programme, which is aimed at grooming creators of wealth for the nation is a sad commentary

on professional education. This should be stopped— GPC Nayar, CHAIRMAN, SCHOOL OF COMMUNICATION AND

MANAGEMENT STUDIES COCHIN, KOCHI

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Do they engage industry experts in academia or do they just ask for jobs? This gives students a glimpse into the kind of recruitment that would take place on campus.”

Though IIM-K tops the survey (320 points out of 360) for highest placement record followed by BIM (270) and LIBA (233), the glaring differences between the top three slots highlight the diffi -culty in fi nding jobs.

Institutes often promise high compen-sation packages and this leads to high expectations. “Students want a corner offi ce and a huge pay in their fi rst job but are unwilling to work for it,” says Madhuri Menon, a Chennai-based con-sultant in executive business coaching and also the ex-VP-HR, IFMR. “I look for candidates who are adaptable and can think quickly on their feet. There are students who’ve received high sal-ary packages but those are just excep-tions — probably one in a thousand.”

With barely-there infrastructure, poorly qualifi ed faculty, unrealistic promises of jobs and disillusioned stu-dents who graduate with almost zero skill levels, B-schools in India are oper-ating on a weak foundation with a bleak future. Stricter norms for new schools, regulated fee structure and account-ability are some of the ways through which it can be rectifi ed ■

— [email protected]

COST OF EDUCATION IN TOP 10 B-SCHOOLS

1 Indian Institute of Management, `9.04Kozhikode

2 Bharathidasan Institute of Management, `5.22Tiruchy

3 Loyola Institute of Business Administration, `7.40Chennai

4 Institute of Public Enterprise, `6.10Hyderabad

5 Institute for Financial Management and `10Research, Chennai

6 Department of Management Studies, `0.12Pondicherry University, Puducherry

7 SCMS-Cochin, Kochi `5.40

8 PSG Institute of Management, Coimbatore `2.1

9 Dept of Management Studies (NIT), Tiruchy `1.17

10 GITAM School of International Business, `5.25Visakhapatnam

Rank Name of B-schools Cost of education in lakhs


Our curriculum should be designed in such a way that it has a global outlook and at the same time sticks to

our roots. Students should know what is happening around the world and also learn how

to relate it to the Indian contextR Nandagopal, DIRECTOR, PSG INSTITUTE OF MANAGEMENT, COIMBATORE

salary mythsedex

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It’s a dream of every MBA gradu-ate to land a top job that helps him rake in the dough. With 100 per cent placement guarantees and sky-high college fee, students

often expect to get a six-fi gure pay pack-age with all the added benefi ts. Unfortu-nately, that happens very rarely.

“Earlier students used to ask me questions about topics and additional projects. But these days after the fi rst semester, they enquire whether they’ll secure a good job in a company and get a high salary,” says Suresh Chandra, assistant dean, academics, Indus Busi-ness Academy, Bangalore. “If they’re aiming for a good job, they need to improve their capabilities.”

Most of the time, students choose

TOP 10 B-SCHOOLS RANKED BY PLACEMENT

1 Indian Institute of Management, 320.80 Kozhikode 2 Bharathidasan Institute of 270.89 Management, Tiruchy 3 Loyola Institute of Business 233.88 Administration, Chennai 4 Institute for Financial 229.65 Management and Research, Chennai 5 IFIM Business School, Bengaluru 195.96 6 Department of Management 189.83 Studies (NIT), Tiruchy 7 Department of Management, 173.15 Studies, Pondicherry University, Puducherry 8 Institute of Public Enterprise, 170.66 Hyderabad 9 SCMS-Cochin, Kochi 166.17 10 PSG Institute of Management, 165.58 Coimbatore

Rank Name of B-schools Placement (National, international and entrepreneurship) (360)

Big bucks are rare Getting an MBA does not guarantee you a six-figure salary package. Learn on the job and improve your skill

institutes that have a higher record in placements and salary packages. “They don’t do a background check on the fac-ulty,” says Nagendra Shenoy, alumnus of IFIM Business School, Bangalore. “Expectations are high from both com-panies and students, and if they are not met, there is disappointment.”

When a student is hired, they need to realise that there is a skill-industry gap. “You should know whether you meet the industry expectations and satisfy their employability criteria,” DN Murthy, dean, IFIM.

Look at the rankings of institutes but don’t just stop there, suggests PD Jose, the chairperson of career development service, IIM-Bangalore. “Talk to the alumni, objectively evaluate the school and beware of institutes that make false claims. Remember the fi rst job is not always a career, it is the experience that counts” ■

— [email protected]

Tasneem ZaveryB A N G A L O R E

be reasonable


Institute of Manage-ment, Chennai.

A comprehensive question-naire was sent to the shortlisted B-schools. A team from CMER visited almost 30 per cent of the institutes to verify the data. Others were validated by evaluating the original documents submitted by institutes. All the data

research process

Institment, C

A compr

Management education should focus more on comprehensive understanding of business and

society. Students are quite narrow-minded and are busy chasing the big bucks. They have to develop good

thinking and become more socially responsible— K Siva Rama Krishna, PRINCIPAL, GITAM INSTITUTE OF MANAGEMENT, VIZAG

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The idea to do a survey of B-schools in South India and Odisha sprung from the fact that the burgeoning number of institutes has made it im-

possible to get a clear picture on the state of management education by doing a national-level analysis. It’s time to go re-gional and that’s exactly what the edex (The New Indian Express) and the Centre for Management Education and Research (CMER-GHRDC) survey has done.

CMER has been doing surveys on busi-ness schools for fi ve years now. Its execu-tive director, MP Sinha, has over 45 years of experience.

There are over 900-plus B-schools in South India and Odisha. We shortlisted

How did we

DO ITabout 200 institutes and in-vited them. Seventy-four par-ticipated — 62 from South India and 12 from Odisha. To be eligible for the survey, institutes had to function for a minimum of two years and offer two-year MBA programmes — the reason we couldn’t include Indian School of Busi-ness, Hyderabad, and the Great Lakes

were verifi ed and critically analysed in detail. The B-schools were rated on parameters like infrastructure, quality of faculty, research, consultancy, pub-lications, management development programmes, admission, curriculum and delivery system, placement, indus-try interface, collaboration with the national and foreign universities, their USP, etc. These were further divided into sub-parameters for a more rigor-ous and error-free assessment.

The survey also laid emphasis on qualitative aspects like teaching aids, use of library, recruiters’ preference for students, soft skills and a sense of social responsibility etc.

Faculty members were evaluated for their intellectual disposition towards research, training and consultancy. We also looked at the academic/fi nancial structure of the institute (the percent-age of the income spent on the facul-ty’s salary and development), which is an indicator of the quality of intellec-tual competence.

Some of the well known B-schools like IIM-Bangalore, Christ University, Bangalore, TAPMI, Manipal, and IIT-Chennai’s Department of Management did not participate for reasons known to them only ■

From left: Jagnarayan Prasad, Mekhla Sinha, Anju Anupam, MP Sinha, Gurdeep Singh, Shivi Sharma, Srinath Mathto, Shraddha Mishra and Dilip S Gupta


..Continued from P 12-13

We need to have an increased emphasis on ethics and especially business ethics in management education.

Managers need to recognise that business shouldsucceed but not at the cost of compromising the

self, the poor and the environmentFr P Christie SJ, DIRECTOR, LIBA, CHENNAI

Continued from P 12-13

rank statsedex

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76.12 75.69 48 79.03 123.6 25.44 427.8831 SSN School of Management & Computer Applications, Kalavakkam, Tamil Nadu

64.35 67.82 60 74.7 115.46 42.64 424.9932 Institute for Technology and Management, Bangalore, Karnataka

75.61 68.21 86 67.8 74.75 50.28 422.6533 Karunya School of Management, Coimbatore, Tamil Nadu

53.01 76.47 60 75.94 100.83 54.71 420.9534 Veltech High Tech Dr Rangarajan Dr Sakunthala Engineering College, Chennai, Tamil Nadu

69.26 98.68 40 68.1 110.74 32.27 419.0435 Dept of Management Studies, PSNA College of Engineering and Technology, Dindigul, Tamil Nadu

63.68 97.07 64 67.41 89.2 33.2 414.5536 RVS Institute of Management Studies & Research, Coimbatore, Tamil Nadu

64.61 82.46 84 66.27 80.75 35 413.0937 KLS Institute of Management Education & Research, Belgaum, Karnataka

79.66 77.27 56 78.69 81.57 37.89 411.0738 DC School of Management and Technology, Idukki, Kerala

86.4 81.44 52 55.73 99 34.03 408.5939 AIMIT, St Aloysius College, Mangalore, Karnataka

73.11 70.76 46 67.54 123.67 25.67 406.7640 Warangal Institute of Management, Warangal, Andhra Pradesh

70.55 78.38 50 74.78 87.27 35.79 396.7841 Saintgits Institute of Management, Kottayam, Kerala

60.75 74.59 44 76.74 94.75 42.86 393.6842 Sri Krishna School of Management, Coimbatore, Tamil Nadu

75.12 85.57 36 58.94 93.53 39.86 389.0243 Nehru College of Management, Coimbatore, Tamil Nadu

52.25 82.25 48 70.85 76.67 48.93 378.9544 Bangalore Management Academy, Bangalore, Karnataka

45.02 99.11 32 61.61 91.66 46.16 375.5545 SSM College of Engineering, Namakkal, Tamil Nadu

51.05 88.67 40 59.67 86.5 45.48 371.3846 Member Sree Narayanapillai Institute of Management & Technology, Kollam, Kerala

66.93 77.78 36 57.34 91.78 37 366.8347 RV Institute of Management, Bangalore, Karnataka

59.82 78.63 38 58.87 90.83 37.88 364.0448 Siddaganga Institute of Technology, Tumkur, Karnataka

40.03 76.01 42 73.23 108.67 21.12 361.0649 Badruka College PG Centre, Hyderabad, Andhra Pradesh

51.6 64.43 52 70.56 64.67 54.18 357.4350 Department of Management Studies — JJCET, Tiruchy, Tamil Nadu

OVERALL RANKING OF TOP 50 B-SCHOOLS IN SOUTH INDIA

Infrastructure (Physical & Academic)

Faculty, Research, Publication &

Academic Financial Structure

Programme Delivery

& Curriculum

Admission System

& Process

Placement (National, International &

Entrepreneurship)

Networking, Industry Interface, Exchange

Programme & Collaboration Total

140 310 180 240 360 110 1340


Indian Express Survey of best BSchools in south India

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