Search This Blog

Wednesday, February 13, 2008

IMPACT

With ISB in the venerable list of the top Global schools (FT Ranking), things look quite rosy for other schools also. So...how is it going to affect the local scenario. Some possible outcomes according to me –

The Indian schools will reinvent themselves to fulfill the criteria and the requirements of the most prestigious international rankings. The three most respected rankings are WSJ (Wall Street Journal), FT (Financial Times) and BW (Business Week). Unless a business school finds a place in one of these lists, it better try to reinvent itself.

IIM-A shall the next Indian school to appear in the FT rankings, but not before 2009. According to FT criteria, a program/b school must have been operational for a minimum of 5 years and 3 batches must have passed out. They have to bank on their one year MBA to suit the FT criteria – GMAT, Work ex etc. But once they enter, they will be pretty high in the List. But interestingly, they will be in the ranks (Global MBA) due to the new One Year MBA.

The International rankings will see a host of Indian schools circulating, quite high in the list. Indian schools always had the abilities, but may be due to complacency, they never took serious interest in prestigious international rankings. As a result they never reinvented themselves. They were happy with local Indian rankings. Now with ISB starting the trend of global rankings, things look extremely good for the Indian top schools.

Organizations like AICTE hopefully will get out of the bureaucratic outlook and pay attention to the real issues of education.

The age of international sophisticated accreditations for Indian B-Schools is around the corner – Once again, by all probabilities, ISB will be the 1st Indian school to get the most prestigious international accreditation – AACSB.
International accreditations are a must to maintain international standards.

The narrow minded parochial mindset of the top Indian B-Schools will be replaced by a more competitive global outlook. They will stop reacting to changes. ISB always has a lot of critics, primarily because this six year old school keeps on achieving one laurel after another. But then, I believe that there are two types of critics – a critic, who criticizes to earn money...basically that, his profession; and the other who is jealous. And there is no point in remaining jealous. In fact I have always believed that our schools can benefit a lot by cooperating with each other….the same way as the likes of Harvard, Wharton, MIT and Kellogs cooperate with each other.

The number of international applicants will rise in Indian schools

And last but not the least, the research culture will pick up. And by research, I mean the quality research

India, I believe, is the only country apart from US, which has the potential to have at least 5 colleges in top 20. Let’s hope for the best. And by 2010, it should be possible.

3 comments:

Gowri Krishnamurthy said...

Hi, Great Blog there!

I have an admit from ISb and have been wanting to speak to ISB alums to know mroe about ISB. Would be grateful if you could spare sometime.

I can call you at a time of your convenience.

Couldn't find your email ID and hence the comment on your blog

Thanks
Gowri

Just another guy said...

Gowri...Congratulations..
My email id is sabyasachimohanty@gmail.com

rahul said...

great blog...keep it rolling...on my blogroll now :)