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Best Business Schools in India: 5 Points To Know Before Selecting A Business School In India?

Selecting a so-called Best Business School in India can be a challenging job. EurAsian Times gets you an important insight on business schools in India.

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Best Business Schools in India is one of the most googled searches in India. So, how do prospective MBA/PGDM Students actually choose the so-called Best Business Schools in India or elsewhere?

China and India Dominate the List of Best Business Schools in Asia

Millions of websites and ranking sites offer their expert advice about on Business Schools in India, while self-acclaimed education Guru’s share their so-called expert views and miscounsel the students.

You will be surprised to know that even top business schools and management institutes in India (we cannot use names) use a variety of marketing tricks to attract the students.

So, which are the 5 most commonly used tricks that so-called Best Business Schools in India play on students? Almost 20 years of research provides the answers.

1. A Good Business School will Attract Great Faculty

A good business school will attract the most qualified and talented academic staff members and researchers from around the country or world. The more diverse the faculty in a Business School the more chances that you are learning from the best faculty members.

What should be the Role of a Faculty in a Good Business School?

  • Do check if the Faculty Members have a PhD Degree and which business schools have they taught or studied from? This is one of the most important factors to evaluate a faculty member in a business school.
  • Does your Faculty have research or industry experience? Which organizations have your faculty members worked for and at which position? If your business school faculty has extensive research experience or comprehensive experience with leading organizations ideally in a Fortune 500 company, you can be assured that you are at the right business school.

What’s the Trick: Many business schools in India often tend to glorify faculty members especially from IIM’s and IIT’s (who are not really employed by the Business Schools and only work as guest faculty but their names are only highlighted to attract potential students).

Be cautious and try meeting these faculty members before admissions and check if they are guest or permanent faculty members. This can be checked on the AICTE website which has a list of all business schools in India.

MBBS in China Attracting Thousands Of Indian Medical Students

2. Placements at Busines Schools

Great Placements record is one of the most important factors that a student looks in a Business Schoo. An indicator of a business school’s reputation is its overall ranking and its placement record. Besides placements, most top rankings agencies take into consideration the quality of programs, faculty, research, student support services, publications etc when ranking a business school.

However, students should be extremely careful when analyzing placements record of a Business School. Even well-known business schools in India are known to smartly exaggerate the CTC or Gross Remuneration of students, which makes the packages look extremely attractive, but only on paper.

Sharp Decline In The Number Of Indian Applicants To US Business Schools

What’s the Trick: According to leading HR Experts working in India, most of the organizations make the CTC or the Gross Remuneration look very appealing by increasing the variable component of the package.

So a student might only be getting (say a remuneration of Rs. 240,000 / Year in Hand), while his offer letter mentions a CTC of Rs. 600,000 (making rest of Rs.360,000 as a variable component which is often unachievable). So, always check for the “Salary in Hand” and not the gross CTC.

3. Best Business School Will Attract Top Students

Most Leading MBA/PGDM programs will give you substantial workload like group projects, assignment etc,  where a student will spend massive amounts of time interacting with fellow students.

Besides learning how to work as an integral part of a team while honing your leadership skills, your experience in business school should also allow you to learn from your fellow students, as they might end up being your colleague, business partners or even your competitors.

A good question which you can ask yourself is “What type of students does this business school attract?” By analyzing this, you will be able to figure out the profile of fellow students.

What’s the Trick: Business Schools in  India often place attractive and friendly students during the admission process who are specially trained to give you positive feedback. Talk to the disgruntled students on social media sites. Also, Avoid Being Honey-Trapped!

4. In Most Cases, B-School Rankings Do Not Matter

MBA / PGDM and other Management Programs are among the most sought-after programs in India. Whether you are exploring to pursue your MBA or PGDM from Indian or International Universities, one thing is guaranteed that choosing the right business school will play a major role in shaping your life and career.

Read: MBA vs PGDM: Is PGDM Program Really Better than an MBA? ET NEWS

However, you must be extremely careful not to get swayed by MBA Rankings. We all know which are the Best Business Schools in India (which includes the IIM’s and Tier-1 Business Schools like XLRI, MDI, SPJain etc, but you will find many unknows colleges ranked as Top Business Schools in India.

What’s the Trick: When you see a mediocre business school (which accepts students via MAT) being ranked in Top 50 Business Schools, you should stop looking at the biased rankings. After all, what is it that money cannot buy?

5. Is Your Business School Approved by the UGC / AICTE / AIU?

The top business schools in India seek inspiration from the global business environment by bolstering healthy competition, critical thinking, innovation, practical exposure and creativity. This may not the case with all business schools in India, as some colleges will have certain restrictions due to government guidelines and regulations.

These government restrictions sometimes hinder the b-schools’ autonomy and freedom to adapt to the ever-changing global business environment. Even the Best Business Schools in India including the Indian Institute of Management and Indian School of Business are not approved by the AICTE, Ministry of HRD and Govt of India. However, you must be careful which MBA College to opt for.

AIU Approved PGDM Colleges – How Vital is the AIU Approval For PGDM Institutes In India?

What’s the Trick: If your goal is to achieve excellent corporate placements, then ideally, MBA  / PGDM colleges could be AICTE approved, but having an AIU approval (which many colleges boast of) does not really give you any specific advantage, neither in India nor abroad. Check the list of All Approved and Unapproved Business Schools in India under the AICTE

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US Group donates books to Ilocos Norte State University, Philippines: PNA

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The San Diego County Metropolitan Lions Club (SDC-MLC) in San Diego, California donated on Monday a total of 364 books of various titles to the Mariano Marcos State University (MMSU) here to be used by its students and the Department of Education (DepEd).

The books were received by the University Library System (ULS) through a shipment package sent by Leo and Norma Sicat, president and Lion Tamer of SDC-MLC, respectively.

The package consisted of five titles in Geometry, Algebra 1 and 2, Milestones, Milestone Workbook, Milestone Teacher Education, Great Expectation, George Washington, Tale of Two Cities, Eleanor Roosevelt, The Meeting on Board HMS Bounty, The Three Musketeers, The Prince and the Pauper, Clara Barton, and The Man in the Iron Mask.

MMSU President Shirley C. Agrupis said that while the university took custody of the hard-bound donations, it will also donate some of these to the DepEd-Division Office in the City of Batac.

MMSU-ULS director Eliza Villarin said some of the books will be distributed to the MMSU main library and its satellite libraries in Laoag City, various high school campus libraries, and college reading centers.

Villarin said organizations and agencies that donate books to the university are considered as library friends because they help the university strengthen its collection of information resources for its students.

The book donation was the result of a tie-up between MMSU and the SDC-MLC in July 2019 through a signed memorandum of understanding which stipulates that the SDC-MLC will help augment the university’s learning resources and support its internationalization programs.

The MMSU and SDC-MLC also agreed to conduct humanitarian medical, dental and optical missions in various communities, and enhance the extension service competencies of MMSU’s faculty and staff.

Philippines News Agency

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Education

Jio Institute – Mukesh Ambani’s ‘Institute of Eminence’ To Revolutionize Indian Education System

Jio Institute, which will be located in Navi Mumbai was to hire university staff and complete the academic curriculum by October this year, however, experts believe that things might get delayed due to coronavirus

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Jio Insitute, Mukesh Ambani’s ambitious institute for reshaping the Indian education system is expected to commence operation in 2021. Will the ‘Institute of Eminence’ – Jio Institute get impacted by Covid-19 is uncertain for now.

Jio Institute – Overview

The Shailesh Kumar led Jio Insitute will start its academic session in 2021. Numerous undergraduate courses will on offer including courses in emerging technologies like artificial intelligence, data sciences machine learning, digital media and marketing.

It is also expected that Mulhern of Northwestern University will be facilitating the Marketing Communication program while Kumar would teach Artificial Intelligence courses. The modern Jio Digital Library project will be headed by Keller from Stanford.

Jio Institute of Eminence

Jio institute has also set up a seven-member global advisory board. According to media reports, the board will consist of Jean-Lou Chameau, president emeritus of California Institute of Technology (Caltech); Michael Keller, vice provost of Stanford University; Rick Levin, former president of Yale University; Subra Suresh, president of Singapore’s Nanyang Technology University. Nadhmi A Al-Nasr, CEO of Saudi Arabia’s futuristic habitat project NEOM; Frank J Mulhem and Vinayak P Dravis of Northwestern University.

Mukesh Ambani, his wife Nita and daughter Isha will also be on the advisory board. The institute is one of the institutes in the country to be awarded the tag of ‘eminence’ by the Human Resource Ministry even before its completions.

Experts at EurAsian Times believe that the tag of ‘eminence’ was given due to the future prospects of the Institute. As of August 2019, ten institutions have been selected by the Institutes of Eminence, which includes Banaras Hindu Univesity, Indian Institute of Science, Indian Institute of Technology (IIT) Bombay, IIT Delhi, IIT Kharagpur, IIT Madras, University of Delhi, University of Hyderabad, Anna University and Jadavpur University.

Jio Institute Location & Key Details

Jio Institute, which will be located in Navi Mumbai was to hire university staff and complete the academic curriculum by October this year, however, experts believe that things might get delayed.

Students at Jio institute would not only get an opportunity to study at the sprawling 800 acres campus in Navi Mumbai but could also be taught by professors from prominent universities across the world.

The advance studies at the institute will also provide merit-based scholarships worth 38 crores during the first academic year.

Mukesh Ambani aims to make Jio University ranked in top 500 on Times Higher Education and QS World University Rankings. To achieve this feat Jio Institute is in talks universities like Massachusetts Institute of Technology (MIT) Stanford University, Northwestern University and Nanyang Technological University and aims to recruit expert faculty and mentors for the institute.

Reliance Jio and the Telecom Revolution

Reliance Jio Infocomm Ltd popularly known as Jio in India is a mobile network operator owned by Reliance industries. Jio was the brainchild of Mukesh Ambani and was launched in 2015 in honour of the 83rd birth anniversary of Dhirubhai Ambani, the founder of Reliance Industries.

Since its launch, the network has become immensely popular with Indians as it made internet accessible and affordable. The introduction of Jio revolutionised the telecom industry and made 4G data available pan-India at the lowest rate in the world. Jio Platforms compares with large global digital ecosystem platforms that are largely debt-free like Alphabet, Tencent and Alibaba.

Success at home has caught the eye of investors abroad. With 5 confirmed deals in May and another investment incoming, Jio is now valued at over $65 billion. The investors, all based in the US, include social media giant Facebook, private equity firm Silver Lake, Global investment company Vista, American private equity firm General Atlantic and US-based private equity company KKR.

Collectively, all the deals are worth $10.3 billion or Rs 78,562 crore, which RIL plans to use in order to pay off $44 billion worth of its debt.

Microsoft, the tech giant founded by Bill Gates, is also in talks with Jio to purchase a 2.5% stake at the cost of $2 billion. Abu Dhabi state fund Mubadala, another investment company, is also in talks to invest about $1 billion in Jio platforms.

Within a short span, Mukesh Ambani and Jio have achieved what other companies have not been able to for decades. With the establishment of Jio Institute, India’s most influential businessman has ensured that the company he birthed would be looked after by Jio’s very own.

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MBA vs PGDM: Why MBA Degree Is Better Than AICTE PGDM?

MBA vs PGDM: Experts from PGDM Colleges call MBA programs Outdated, while MBA colleges call PGDM program a mere Diploma. An MDI Gurgaon Alumni explains why MBA is Better than a PGDM.

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MBA vs PGDM is an ongoing debate, but what is the difference between MBA and PGDM and which is a better program between the two remains a big question for aspiring management students.

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Advert: MBA vs PGDM

Students aspiring to get into Top Business School are searching for the best pathway to achieve their goals. As the entrance season advances, the dilemma for the management aspirants continues – MBA vs PGDM and which Business School to opt for?

EurAsian Times analyses the difference between the two programs and analyses why an MBA Degree could have more advantages that a PGDM Program.

The confusion to select a PGDM or MBA course reaches the peak when the students start visiting the colleges for counselling and GD/PI sessions. All business schools boast about their Excellent Placements Record, Faculty from the IIM’s and IIT’s, International Exposure, etc leaving the management aspirant in a total state of confusion.

What adds to the confusion level are the Education Consultants who further confuse the students for their petty monetary gains. At some point in time, students get so frustrated that they stop taking all the calls for admissions. EurAsian Times crisply attempts to explain the difference between MBA and PGDM.

Which Are The Best Business Schools in Delhi, NCR For Placements Under The AICTE?

MBA vs PGDM: What’s the Difference?

Master’s in Business Administration (MBA) is a degree course provided by the University or colleges recognized by the Universities which are approved by University Grants Commission (UGC), and sometimes also by All India Council for Technical Education (AICTE).

Post Graduate Diploma in Management (PGDM) is also a Masters’s degree program, offered by the autonomous institute or colleges, that have received their approvals from the All India Council for Technical Education (AICTE).

Some of the top business schools like IIM’s and ISB’s offer PGDM / PGPM program (and strangely they are not approved by the AICTE) as they do not have collaboration with any University. But these B-Schools have an outstanding placement record and great international reputation and do not bother about AICTE approvals. Neither do the organizations show any concern or preference.

China and India Dominate the List of Best Business Schools in Asia

Colleges offering the MBA program follow the academic syllabus provided by Universities (which usually cannot be easily modified or changed) while PGDM syllabus is flexible and institutes like IMT, MDI, XLRI, IIFT, SP Jain, NMIMS have the flexibility to modify their course within the AICTE approved parameters giving them a tremendous advantage.

Which Program is Better – MBA or PGDM?

MBA vs PGDM is an unending debate and honestly, a lot depends on which University or College a student is getting (based on entrance exam score like CAT / XAT / MAT etc) rather than the program itself i.e. MBA or PGDM. The PGDM program claims to follow a more practical approach to studies, compared to the MBA (which is not always true).

MBA from top institutions like FMS, IIT, DTU are equally acceptable and sought after in the market. The major difference between MBA and PGDM is that MBA course fee is usually less than the PGDM program, as PGDM comes with a variety of industrial trips, international exposure programs, besides being a revenue generation model for the institutions. (A PGDM Program at the IIM’s could cost up to 28 Lacs, whereas MBA from FMS-Delhi University would only cost about 2 Lacs).

Best Business Schools in India: Check If Your B-School Is Duping You?

Corporates recognize talent from both the programs and are more interested in better brands and students, and don’t really care about MBA or PGDM. Students have an apprehension that after PGDM, they would not be able to pursue higher studies like PhD but if a PGDM is AIU approved, students will be eligible for PhD programs as well.

However, be assured that having a PGDM Degree instead of MBA degree will not make any difference to your corporate career in India, as at the end, it is the student who matters!.

SP Jain Himself Reviews Global MBA / Executive MBA Program @ SP Jain School Of Global Management

The students need to be very clear about their choice of the PGDM or MBA program and institute they are opting for. Students must evaluate the brand of business school, as a business school with higher brand value will provide a good learning environment and a large network of alumni.

MBA vs PGDM: Which is Finally Better?

Both the programs i.e. MBA and PGDM are good and very similar. What matters most is the business school you are getting, based on your score. Which Business School would you choose – MBA from FMS-Delhi University or PGDM from IIM-Lucknow?

Better ROI: If I had to make a choice, I would certainly choose FMS-DU as the fee is drastically less than IIM-Lucknow and return on investment is much much faster. However, there is a dearth of top-notch Universities providing MBA Programs, and students have no option but to opt for expensive PGDM programs.

Government Jobs in India: Besides the corporate sector, many government organizations still, unfortunately, do not recognize the PGDM Diploma and Government Jobs is one area where MBA Degree holders will have an edge over others.

International Jobs: If you ever opt for immigration or overseas opportunities, chances are your PGDM will either not be recognized or valued as high as an MBA Degree. Even the IIM’s have been striving to provide MBA programs rather than Diplomas and once that happens, the PGDM programs will lose the sheen and colleges would lose massive business.

AIU Approved PGDM Colleges – How Vital is the AIU Approval For PGDM Institutes In India?

 

 

Key Differences Between MBA and PGDM

Parameter
MBA from Govt. University
MBA from Private University
Indian Institutes of Management (IIMs)
Private PGDM Colleges
Programme offered
Masters of Business Administration
Masters of Business Administration
Post Graduate Programme in Management(PGP)
Post Graduate Diploma in Management (PGDM)
Award
Degree
Degree
Diploma
Diploma
Number of programme offering institutes
2000+
500
20
500
Top Institutes/colleges
FMS – Delhi University; IIFT Delhi-Deemed University; JBIMS – Mumbai University; PUMBA-Pune University
Affiliated colleges of Govt Universities like Anna University, Bangalore University etc.
Top Private Universities are NMIMS-Mumbai; Symbiosis –Pune; XIM-XUB Bhubaneswar.
More than 100 Private Universities offer MBA
IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode and other 14 new and newest IIMs
XLRI, SPJIMR, MDI, IMI, IMT, TAPMI, KJ Somaiya, BIMTECH, …
Degree/Diploma recognized/approved by
University Grants Commission (UGC)
University Grants Commission (UGC)
Recognized by Ministry of HRD
All India Council for Technical Education (AICTE)
Curriculum
Rigid, because approvals required from University
The curriculum at most Government Universities and Colleges is theoretical, and not frequently updated.
The curriculum at good Private Universities like NMIMS and Symbiosis is at Par with IIMs, top PGDM B-schools.
Flexible and Frequently Updated.
Focus on Industry needs and job requirements as Placement is key student expectation.
Flexible and Frequently Updated.
Focus on Industry needs and job requirements as Placement is key student expectation.
Programme suitable for
MBA offered by Government Universities is more suitable for candidates interested in earning a Degree for higher studies, academic career.
MBA offered by top Private Universities is good for both corporate career and academics.
Students focus on enhancing their employability skills for a better corporate career, job or starting their own enterprise.
Students focus on enhancing their employability skills for a better corporate career, job or starting their own enterprise.
Fee
Fee at Government University/Colleges is low. FMS Delhi fee is just Rs 25,000 for the full MBA course.
Bangalore University prescribes 2-year fee of fewer than 200,000 lakhs.
Private University MBA fee is at par with IIMs, PGDM B-schools based on their market acceptance.
NMIMS Mumbai fee is Rs. 17.44 lakhs; SIBM Pune fee is Rs. 18.25 lakhs
IIMs have a comparatively higher fee structure.
IIM Ahmedabad fee is Rs.21 lakhs, IIM Bangalore fee is Rs.19.5 lakhs, IIM Calcutta fee is Rs.19 lakhs.
Top PGDM B-schools charge between Rs 10 lakhs to Rs20 lakhs for 2 year MBA.
SPJIMR fee is Rs. 16 lakhs, MDI Gurgaon fee is Rs.18.89 lakhs, IMI New Delhi fee is Rs. 15.41 lakhs
Fee for many good PGDM B-schools is between Rs. 5-10 lakhs also.
Programme duration
Two years
Two years
Two years
Two years
Exam conducted by
University
University
By the Individual IIM
By individual College/
Institute
Admission Process & Entrance Test
Some Govt. Central Universities and their colleges accept National level entrance tests like CAT/XAT and/or also conduct their own entrance tests.
Most Government colleges governed by State Governments, admit thru state level examination like MAHCET, PGCET, TANCET, although these colleges.
Top Private Universities conduct their own exams like NMAT, SNAP, X-GMT
Common Admission Test (CAT) conducted by IIMs, is the mandatory entrance exam for Indian residents
B-schools can choose from one or many of 6 approved exams: CAT, XAT, CMAT, MAT, GMAT, ATMA

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