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Delhi, National Capital Region Business Schools Get Better

The number of their seats does not match the scale of aspirations of young people keen on joining these top institutes. The good news, though, is that Delhi/National Capital Region now has a number of top-notch business schools with placement records that is making students sit up and take notice. With more than 150 such institutes in Delhi/National Capital Region, and over 1,100 all over the country, choosing the right business school can be a challenge.

The Indian Institute of Planning and Management, Indian Institute of Foreign Trade, Department of Management Studies – Indian Institute of Technology, International Management Institute and Fore School of Management secured top positions in key categories such as faculty, placement record, salary packages offered to previous batches, global exposure and industry interface.

What makes the survey unique is that it presents a 360 – degree picture of a business school combining two important aspects – its image as perceived by students and their parents and the questionnaires filled up by the institutes. The final rankings exclude five business schools – Faculty of Management Studies, Delhi University, Management Development Institute, Gurgaon, Institute of Management Technology, Ghaziabad, Amity International Business School, Noida and University School of Management Studies, Kashmiri Gate.

The Indian Institute of Planning and Management secured the top position in as many as three categories, namely, quality of faculty, placement of the past three batches and the global exposure offered during the program.

The interesting bit about the survey is that it was not entirely dependent on the perceptual value of an institute. Instead, it limited the weight of perceptual data to 40 per cent; the remaining 60 per cent was contributed by information provided by the institutes. The agency conducting the survey, Indus Learning, specialises in educational research and impact assessment programs for various government and private organizations.

The survey was conducted in two parts: First, 30 institutes were shortlisted from over 150 candidates on the basis of their perceptual value, which in turn was calculated from responses submitted by alumni, aspirants, parents and recruiters.

Role of Business Schools

Whether managers are born or made is a highly debatable question. Some people say managerial skills are inherent and others say these skills can be acquired. In both the cases, the role of a business school is crucial. Even if a person has skills inherited from ancestors, one needs to polish them according to the times he lives and operates in. Here, management education plays an important role. It guides the person about where and how to apply his skills. In the other case, business schools help to develop managerial skills. They constantly update their curriculum according to the circumstances shaping up in the external business world. An updated knowledge is what keeps one ahead. Even after acquiring ample knowledge about management; sometimes what matters in an organization is the degree, which can be acquired only from a good business school.

Business schools are a gateway to the corporate world. Management skills backed up by a degree can help climb the ladder of success in one’s career a lot easier. You need to know your area of specialization before joining a business school. There are known specializations such as human resource, marketing, finance, and operations; but institutes these days are coming up with detailed courses which include subjects like digital marketing, e-commerce, retail management, supply chain management, etc. These specializations help the students get a detailed understanding of the functioning of every field.

Business schools provide post-graduate as well as undergraduate courses. Working professionals can take the benefit of part-time courses. Distance education is also available for some of the courses. Now-a-days everyone aspires for management education because it enhances an individual’s marketability in the corporate world. With a management degree, one can apply for a higher post or can expect faster promotion in the near future. This degree can make a remarkable difference to the salary package offered.

In keeping with the increasing demand for management schools, the supply has also increased. But selecting a right school is really a task. Apart from knowledge and experience, the name and ranking of the management school also matters in the business market. Before selecting a business school one should check its recruitment record in terms of packages offered to the alumni, experience of the alumni regarding quality of education, admission procedure, desired degree or diploma (PDBM, PGDBM, MBA, etc.) After this, one should understand the course and fee structure. If everything seems feasible, only then should one select a particular business school.

Business schools have an important role in today’s corporate business world for those who aim to achieve higher career goals. Mere graduation has almost no value in the current scenario. One has to acquire a post-graduate degree to even qualify into the competitive race. When it is related to a career in management, a degree from a good management school has almost become a must.