Ahmedabad’s Indian Institute of Management (IIM) observed among the world’s leading management schools-100 in a study published by the prestigious London based weekly, The Economist Intelligence Unit (EIU).

IIM Ahmedabad 64th place with only four other schools in Asia made the list.

Others on the list of Hong Kong University’s School of Business (ranked 68th), International University of Japan’s Graduate School of International Management (84); The Nanyang Business School of Nanyang Technological University of Singapore (93) and the China Europe International Business School (95th).

Northwestern University’s Kellogg School of Management on a ranking of the EIU for a complete listing his MBA in time for the third consecutive year.

India is proud that IIM Ahmedabad has been at the forefront in the category “open up new career opportunities,” followed by Dartmouth College-Tuck School of Business and Kellogg.

The study uses four parameters for classifying, where opinions of students and graduates account for 26 percent of the score of each school.

The rest was established on the basis of data in a school questionnaire.

Ajit Rangnekar has over 30 years of experience in East Asia and India in the areas of business strategy, new business creation, systems implementation, and performance improvement in a variety of industries ranging from telecom, utilities, energy, chemicals and shipping, both in the private and public sectors.

He has extensive operations management experience of business start-ups in the manufacturing, trading and professional services sectors in Hong Kong and India. He returned to India in June 2002, with the objective of working in the education sector. Education Times speaks to Ajit Rangnekar, deputy dean, Indian School of Business (ISB), Hyderabad on what makes ISB one of the premier B-schools in the country.

The ISB is believed to be one of its kind in Asia. What makes it so different from other B-schools?

The ISB is a research-focussed management institution and offers a one-year, post-graduate programme in management. The programme is appealing to a different market segment of students, typically those who are working and are looking to upgrade their knowledge and skills; entrepreneurs; people who are looking for career shifts. The ISB is affiliated to three of the world’s best management institutions, the Wharton School, Kellogg School of Management and London Business School. Some of the world’s best faculty who teaches at top management institutions across the world teaches at ISB - a unique combination that is unparalleled. The ISB is a global institution that offers world class infrastructure as well.

How has the programme at the ISB evolved since its launch two years ago?

We have completed two years and the response has been excellent. We have had some of the world’s best faculty teaching our students. Our students go through an intensive one-year management programme. They have not only performed very well but have contributed to a vibrant campus atmosphere through several club activities including community work. We have ramped up our short-term executive education programmes and plan to increase it further over the next few years. We have made progress in establishing our centres of excellence. The Wadhwani Centre for Entrepreneurship Development is active and the Centre for Finance will shortly be established. We are commencing a unique post-doctoral programme and will have about 10 students this year.

As the controversy over the Indian Institutes of Management setting up their campuses abroad is thickening, the Indian School of Business (ISB) in Hyderabad too has received a notice from the All India Council for Technical Education (AICTE).

The notice received by the premier business school deals with its association with the Kellogg School of Management, The Wharton School, and London Business School.

ISB has been asked to give details by the end of the month, an AICTE official said. According to him, the notice was sent early January and it seeks information on courses and foreign collaborations.

Maintaining that not too much should be read into it, the official said ISB had already started replying in parts. “Once information comes, the council will decide if it warrants action or not,”" the source said.

BOSTON, March 14 / PRNewswire / - Twelve leaders of the business schools around the world come to Boston for the first annual international strategy Technology Business Case Competition, March 30 At 1 April 2006. Hosted by Boston University School of Management, The Motorola Foundation and Novell are sponsoring this event with a total premium of $ 45000 directly on students of the winning team. Students have 24 hours to the establishment of a case that addresses problems in the general theme of “mobility transparent.”

The eight USA and four non-American business schools are competing at the Boston University School of Management, Indian Institute of Management, Calcutta, Kellogg School of Management, Northwestern University, London Business School; Sloan School of Management, Massachusetts Institute of Technology; McCombs School of Business at the University of Texas at Austin; Queens School of Business (Canada), Seoul National University (Korea); Graduate School of Business at Stanford University; Eller College of Management at the University of Arizona, Haas School of Business, University of California at Berkeley and the Wharton School at the University of Pennsylvania.

Each school sends four students. The winning schools receive trophies, and the first place team members are awarded $ 25000, the second team in the split-$ 15000; third place team members share $ 5000 Twelve industry leaders , Hear and pass judgement on the 12 conferences for the determination of the first four places. And the leaders of Motorola, Novell, the last four teams and determine the winners. Motorola CEO Edward J. Zander, (Boston University School of Management Class of 1975, doctorate honoris causa in 2005) is the price.

“This unique international competition focuses on the critical role of technology in the economy at all levels. It is essential for future leaders is to be in technology for the deployment and exploitation as well as strategic advantage, “said Louis E. Lataif, Dean, Boston University School of Management. The contest offers students exposure to highly placed technology and telecommunications leaders. ”

“The competition was organized by the Boston University School of Management MBA students for students of the world’s leading business schools, that the importance of technology in the economy of decision-making,” said Rob Eckhart, MS-2006 MBA, Director, in the case of competition Organizing Committee. “We look forward to your visit and against competitors highly motivated students from the prestigious school will accept our invitations.

About the Boston University School of Management

Was founded the College of Business Administration in 1913, Boston University School of Management as a guide for owners and networks of time, emphasizing the fusion of art, science and technology the company. The school prepares holistic approach is the next generation of leaders for one world, that values such as managing a system of interdependence of functions, decisions, people and technologies. It is the world leader in one of MS-MBA programme, a double rigorous conclusion and the next generation of fixing an MBA management training with traditional know-how in the field of technology ‘ information, the conversion of all holdings. The school also offers a full range of Undergraduate and Graduate Management curricula and Executive Education.

Mumbai: - The fate of the 2002-03 SP Jain Institute of Management and Research, Mumbai, on foot on campus with new laptops. Your orders are online, students, presents his answers by e-mail.

– At the prestigious IIM Ahmedabad campus, all rooms have free Internet connections Hostel. IIM Bangalore, using software programs such as “Scoreboard” and “eCollege” for instructions on the web.

– The Welingkar Institute for the management of a broad 1.46 lakh sq feet Matunga campus this year. Oriented to the Kellogg School of Management, USA, the Institute LCD projectors and ergonomic chairs in classrooms, a website based on the library offers the service from home, a gym and a dietician from the cafeteria.

B-schools are becoming Class-A-Service. The features of luxury goods in other educational institutions have become habits in managing Institute, try as they hone their competitive edge.

“I think my students as products. They are serious for me, because they help, the Institute of mouth-to-mouth, advertising,’’said Kondap NM, director, Narsee Monjee Institute of Management Studies (NMIMS ).

While some teachers of these new facilities to dismiss a “machin”cosmétiques, B-schools say that the characteristics of students to vote on the corporate culture.

For example, laptops are taken at begins in most organizations, says JS Mouton, a professor at the SP Jain Institute.

Adds Uday Salunkhe, director, Welingkar Institute, “The international market is open and the Institute of infrastructure should be compatible with global needs.”

Mr. Kondap indicates that companies want performers and the best talent. “You do not have time to teach,”he said.

Indeed, the All India Council of Technical Education School B provides grants for the establishment of cells to understand Corporate need and what they expect of graduates. NMIMS setting up a cell of interactive language for students to improve their communication skills.

But cynical to say that this has been that schools churning out cookie-cutter managers and professionals and not thinking leaders.

Leader management Suresh Pandit said that the leaders of tomorrow would be better served by fundamental changes in the curriculum, as a new teaching methodology and adventure sports.

In the case of an important part of the industry is of the opinion that these Value-Added Services Recruiter change a look at an institution.

A consultant high-level human resources said that NMIMS “marks the building were able to exert on him to open the big league. A strong business presence on campus is also the instigator.

Welingkar is closely linked to Godrej and Boyce, Intel and Microsoft, while the computer in the Facility Management IIM Bangalore has been outsourced to Wipro.

Students are also maintained with credit cards and Exchanges of society means houses. IIM Ahmedabad students, for example, credit cards are offered free by multinational banks such as Standard Chartered, HSBC and Citibank.

MUMBAI: • The batch of 2002-03 at the SP Jain Institute of Management and Research, Mumbai, will walk into the campus with brand new laptops. Their assignments will be posted online, students will submit their answers by e-mail.

• At the prestigious IIM Ahmedabad campus, all hostel rooms have free Internet connections. IIM Bangalore uses software programmes like ‘Blackboard’ and ‘eCollege’ for web-based instructions.

• The Welingkar Institute of Management will shift to a sprawling 1.46 lakh sq feet campus in Matunga this year. Modelled on the Kellogg School of Management, in the US, the institute will have LCD projectors and ergonomically designed chairs in classrooms, a web-based library offering home-delivery service, a gymnasium and a nutritionist in the cafeteria.

B-schools are getting A-grade facilities. Features that are luxuries in other educational institutions are become routine at management institutes as they seek to hone their competitive edge.

“I consider my students as products. They mean business to me as they will help the institute with word-of-mouth publicity,’’ says N M Kondap, director, Narsee Monjee Institute of Management Studies (NMIMS).
While some educationists dismiss these new facilities a “cosmetic gimmick’’, B-schools say the flashy features attune students to corporate culture.

For instance, Laptops are used at the starting level in most organisations, says J S Lamba, professor with SP Jain Institute.

Adds Uday Salunkhe, director, Welingkar Institute, “The international market is opening up and the institute’s infrastructure should match global needs.’’

Mr Kondap says that companies want performers and the best talent. “They do not have time to teach,’’ he says.

In fact, the All India Council of Technical Education gives B-schools grants to set up cells to understand corporate needs and what they expect from graduates. NMIMS is setting up an interactive language cell for students to improve their communication skills.

But cynics say that this has resulted in institutes churning out cookie-cutter managers and not thinking professionals and leaders.
Management facilitator Suresh Pandit says that prospective managers would be better served by fundamental changes in the curriculum, such as a new teaching methodology and including adventure sports.
However, a significant section of industry believes, these value-added services alter a recruiter’s view of an institution.

A senior human resources consultant says that NMIMS’ brand-building exercise has allowed it to enter the big league. A strong corporate presence on campus is also driving the change.

Welingkar has tied up with Godrej and Boyce, Intel and Microsoft, while the computer facility management at IIM Bangalore has been outsourced to Wipro.

Students are also pampered with credit cards and scholarships from corporate houses. IIM Ahmedabad students, for instance, are offered free credit cards from multinational banks like Standard Chartered, HSBC and Citibank.

As far as higher education is concernced, the educational scenario has changed dramatically in India in the last decade. In the debate of an MBA in India versus abroad, as a student currently pursuing my MBA in India, I believe that an Indian MBA scores over an international MBA on several counts.

The main advantage is the cost. An MBA from any good B-school in the US or UK costs anywhere between Rs 25 to 50 lakhs, whereas Indian MBA schools charge ten per cent of the same amount. Secondly, when living abroad, you spend far more than you would in India, and as a result need to work there for at least a few years to recover the amount. This severely hampers your prospect of returning to India after the completion of the degree.

On the other hand, a student from a reputed Indian B-school always has the option to work at either place, since all premier B-schools have a significant amount of foreign placements taking place each year. Also, India is a vibrant economy today and corporates the world over value the pool of talent that exists here. In fact, people opt for positions in India to be a part of the growing economy. Lately there has been an increase in the number of NRIs coming back to India. In this thriving scenario, it makes sense to get your degree from an Indian B-school.

There has also been a steady increase in the number of tie-ups between Indian and foreign universities. Some of them include the SP Jain Institute of Management and Research with Virginia Tech, the Indian School of Business with the Wharton School-Kellogg School of Management, the Management Development Institute with Cambridge College, Great Lake & Yale, Welingkar College with Temple University, the Institute of Management and Technology with Fairleigh Dickinson University, Great Lakes and Yale University. Thus, with more and more premier international education its way to Indian shores, one can experience the benefits a international education and a lesser cost.

Also, Indian MBA courses have been expanding and growing significantly in recent years. MBA graduates from Indian B-schools have proved their mettle in the global working environment and are offered top positions in several organisations. Considering the purchasing power parity, initial expenditure (cost of the programme), initial placements, and growth in salary as inputs in decision, MNCs do not have to think twice before coming to India in search of middle and senior management talent.