Finally, Associate positions make a scene on the indian b-school campuses... Check out this article on the same ! Ppl wanting to invest in US B-schools now have some hard time to think - instead of investing 10s of thousands of $s, they can get a cheaper one in India- but the competition is intense.
So, someone might say - if one is capable of competing - it makes economic sense to get one in India. However, that's not the case. The # of associate positions is fairly low. In IIM-A, out of 235, only 12 associate positions were made. If you compare that vis-a-vis a US b-school campus, the ratios are different. Moreover, the experience and backgrounds of US bschool folks is richer (it is changing though - it is getting dominated by desi folks these days !).
However, I am glad to see this progress year after year. Schools such as ISB are placing huge pressure on IIMs to perform. Even if they have bureaucracy, they have to cater to demands. I still remember huge demand for managers was a topic of discussion in 2005. The demand is evident in the Indian labor markets. Many companies are promoting their engineers to management positions whenever they cant fill those up with MBAs. Alternatively, they hire managers from tier 2 and tier 3 schools which drives up demand for students from those schools resulting in huge boom.
Supply must be ramped up from qualitative and quantitative dimensions. Soft skills are extremely important for this workforce to be prove themselves to be globally competitive. Team spirits are extremely important and lonely wolves lose out in the long race. I see Indian schools still requiring the soft skills part to be developed !
Most of the foreign firms which hire on Indian firms are looking out for typeAs. Their hiring does not indicate that we have a globally competitive workforce which is capable of grooming leaders. Leaders are groomed in a different setup than the one provided by the Indian schools. I wish someday they progress to GROOM leaders !
1 comment:
It is not just the schools that are progressing, but the economy as a whole. The emerging markets are growing like anything. And if Fortune 100 companies have to have a share of this growth, they have to offer indian guys what they are offering to their employees in developed countries else the indian brain would fly to US/UK to get the desired role/salary.
The good thing is that indian B schools have realized this and are preparing themselves (by inviting more visiting faculty or exchange programmes) to offer education similar to what Top Global Schools offer.
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