MBA and PGDM institutes in India, today, are looked upon as stepping stones into the corporate world. Management institutions not only have the responsibility of providing their students with world-class education but also to help with high-quality placements with renowned companies. The top B-Schools in India have realized that there is a pressing need for them to make their students stand out from others in the heavily crowded marketspace, by making them industry-ready from day one.
So, as more recruiters hunt for job-ready candidates, leading B-Schools in India are swiftly adapting curriculum and courses that meet industry standards. Thus, it’s fairly common to witness colleges teaming up with industry leaders to develop courses and curriculum, as well as host training by industry players, which shapes aspirants to fit in right from the time they are absorbed.
There’s more that adds up in this process. Find out what it is!
With the industry’s needs getting specific, it has become important to foster skills that will help students fit the bill of the job roles that are on offer. By embracing the real world into learning spaces, MBA and PGDM institutes across India are making students get a hint of the workforce. For instance, IMI Bhubaneswar has an arrangement of Bloomberg Terminal for Finance through its industry-oriented labs wherein students learn the way financial markets function. This way, students attain the needed exposure and at the same time, get a sense of how things work in practicality.
Live projects hold great importance as they help in creating mutually beneficial relationships between the companies that are seeking innovative and young minds with a fresh outlook towards management and students who get a chance to hone their classroom learnings by merging them with real-life business. As much as these projects train students, they even help companies shortlist talent and encourage employees into mentorship roles.
Many top PGDM institutes in India, including IMI – B, promote their students to join relevant certification courses like the Six Sigma course with KPMG for Operations, SAP for ERP, and Analytics among others. These certification courses not only reduce the skill gap but also offer good chances of new opportunities.
Though the first year happens to be almost the same for every student in most leading B-Schools in India, the real change begins from the third semester when the focus shifts to industry-ready courses. The fact that institutes like IMI – B enable students to network with industry experts gives them a ringside sight of the workings. The incubation centre at the said B-School not only imbibes entrepreneurial skills and thoughts among students but also gives way to important interactions that contribute to shaping their careers.
Real-life case studies and internships
At IMI – B, a majority of the curriculum is industry-oriented and special efforts are made to drive students to deal with real-life cases in order to get accustomed to the concepts. Students have to mandatorily take up an internship after they complete their first year. Close connection with the industry helps to add value to the knowledge that students have attained and gives a clear view of how much more targeted the courses can be tweaked as per industry needs.
As academia and industry are coming together more and more, together they are able to discover a shared space for the country’s management education to touch greater heights.