With a view to highlight institutions performing well in midst of the Covid pandemic, Outlook-ICARE India present the MBA Rankings 2021, a transparent, outcome-oriented, data-based approach with parameters that are globally flavoured yet locally relevant.
Over the years, management education has been transformed to accommodate demands of new-age students and, importantly, needs of employers who are witnessing the convergence of new technologies like nanotechnology, artificial intelligence, robotics, 3D printing etc. On graduating from a B-School, students today enter a volatile, uncertain, complex and ambiguous workplace. Business schools globally are thus expected nurture creative reinventing.
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We live in a time of flux, and b-schools are not immune to the uncertainties that afflict so many aspects of our socio-economic lives, particularly in the post-pandemic world. Business education should focus on skills that improve quality of interactions, such as cognitive flexibility, coordination, critical thinking, emotional intelligence and people management. Many of these skills can’t be taught in classrooms and must be acquired over time and practice. Managers must also develop the skills to understand realities—and win within those situations—within which organisations operate. Politics, issues of power, coalitions, and hidden agendas are part of that reality. Most of these skills are expressions of emotional intelligence, which will be a defining characteristic of the 21st century employee. While placements have been the top criteria in choosing a B-school so far, this is undergoing a change as economies develop, society becomes affluent and a high-paying job is not the only thing on one’s mind. Today’s students are open to multi- and inter-disciplinary careers. With industry requirements evolving, the future is that of customised, flexible curricula—the global economy is also evolving to value different kinds of expertise.
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With a view to highlight institutions performing well in midst of the pandemic, we present the Outlook-ICARE India MBA Rankings 2021, a transparent, outcome-oriented, data-based approach with parameters that are globally flavoured yet locally relevant.
Methodology
The Outlook-ICARE Rankings continue to enjoy a remarkable acceptance and respect amongst the stakeholders due to its consistent methodological framework. The rankings are compiled using five simple yet comprehensive metrics that effectively capture institutional performance. In this edition, B-Schools have been evaluated on:
1. Faculty-Student Ratio: 20%
2. Research: 20%
3. Employability: 40%
4. Faculty Quality: 10%
5. Inclusiveness: 10%
Given the needs of the readers, we have categorized the B-Schools as per their type, location and whether they are Public or Private in ownership.
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(Karthick is vice chairman, Indian Centre for Academic Rankings & Excellence (ICARE). Syed is the principal analyst and heads the data analysis wing at ICARE that produces the rankings.)