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Post on 01-Oct-2015
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DESCRIPTIONBSchool Ranking HRD Newsletter
The NHRDN in association with People Matters B-school Ranking 2013
In a first-of-its-kind endeavour, National HRD Network joins hands with People Matters to gauge and rank B-schools in the country. It is the only ranking to have involved more than 30 senior corporate members in its design and execution
Sixteen years ago, Business Today magazine and independent research agency Cosmode jointly carried out the first B-school ranking. Since then, there has been a plethora of rankings and surveys, leading to cynicism and confusion among the B-schools and the aspirants. Unfortunately, most of the present day rankings are based on information taken at face value from the institutes rather than authenticating and validating the data provided. The stakes have risen as most of the aspirants do an MBA to jump start their careers and hence choosing the right B-school for the right discipline has become critical.
Bulk of the present day rankings are primarily perception based Sitting AC room Exercise rather than a field-based endeavour. There is virtually little effort to authenticate and validate the data provided by the B-schools which is taken at the face value.
What all these developments have done in turn, is to create apprehensions regarding the authenticity of rankings as such
leading to rejection of the same. Many stakeholders talk with various professional institutions, Coaching Institutes, faculty of various B-schools. Many of the stakeholders have been approaching National HRD members and its leadership team at various forums and even in personal capacity expressing dissatisfaction and enquiring about the true picture in order to be able to take an informed decision for their childrens admissions. Many of them felt that National HRD Network (NHRDN), in its capacity as a truly professional and Apex Body for Leading HR practitioners and as the pioneer of the HR movement in the country, is best suited to take up this as a worthwhile social cause and provide a Benchmark Ranking to which all stake-holders can look up to and trust. NHRDN is a leading HR professional body with 13000 full-time members who account for a great percentage of total hiring in the country. It also provides a platform to HR professionals to exchange views on important matters including the intellectual capital and Academic Excellence of various institutions in the country for the purpose of their own Recruiting, Employee Development and Consulting requirements.
The National HRD Network (NHRDN), in its capacity as the apex body for leading human resources practitioners partnered with People Matters to assess the true picture of the current B-schools so that aspirants and other stakeholders could take an informed decision. NHRDN with its 12,500 members account for a great percentage of total hiring in the country.
The NHRDN-People Matters B-school rankings are an evaluation of the academic environment and the industry reputation of the leading B-schools in the country. The 40 schools ranked in the exercise were assessed on nine competencies that measure the quality of knowledge creation, knowledge application and knowledge dissemination in these institutions.
In order to effectively launch the exercise and complete it in a time-bound manner, NHRDN constituted an Advisory Committee for the initiative under the chairmanship of its National President Mr. S.Y. Siddiqui, which had leading members from both Industry as well as Academia.
To begin with, a small task-force of five members was formed to do the initial work of identifying the parameters to be considered, based on the huge research work and secondary data available in this domain. The task-force also studied the Ranking Methodology being adopted by leading ranking agencies abroad, and tried to incorporate some key parameters from there as well. This was then presented to the entire committee and after extensive brain-storming the final parameters to be considered were evolved. This set the context for second meeting, where the weightages were assigned to these parameters after detailed deliberations. The entire focus
and accent has been on ensuring that all relevant parameters for assessing quality of the B-schools are incorporated.
The committee was of unanimous view, that the B-schools should be looked from a much broader perspective of Knowledge Creation, Knowledge Application and Knowledge Dissemination. Knowledge Creation can be measured by the institutes focus on Intellectual Capital and Research Output. Knowledge Application refers to the contribution by the institute to industry in fields of Training and Consulting. Lastly, Knowledge Dissemination refers to the Academic Rigor and preparing industry-ready professionals. Also, given the ever-rising need of international acceptability of Indian B-schools, the committee also agreed upon the need of International Accreditations and collaborative efforts to be included.
Input, Throughput and Output
The parameters finally considered along with their weightages are as below:
Students Profile in terms of their Quality
Institutes Vision and Governance
International Accreditations and Linkages
Intellectual Capital Since ancient ages, India has the tradition of sending the princes to Gurukuls to learn under the tutelage of wise men and scholars and such approach has been followed in most of the countries. This was the genesis of considering this parameter as the most important one. It is felt that intellectual capital of a B-school is the basic foundation on which its quality rests.
The focus here was on Academic Pedigree of the faculty, research output, constant knowledge updating and faculty skill building initiatives undertaken by the institute.
Business schools are the crucibles for transformation, wherein the raw talent is converted into industry ready professionals.
Anton Chekov once said Knowledge is of no value unless you put into practice. This statement formed the cornerstone for this parameter, as in todays world, the institute need to be responsive and more importantly pro-active to the fast and ever-changing industry needs and dynamics. Also, they need to keep on continuously renewing their knowledge and keeping the students updated. They also need to ensure that student development and learning is of top quality and are exposed to practical situations through industry visits, extensive project work and interaction with thought leaders from Corporate World.
The focus has been on introduction of new electives, pedagogy richness (including case-studies, management simulation games, and experiential learning activities), industry interface and involvement of students in live industry
projects to get a real-hand feel of what is happening in the industry.
Students Profile in Terms of their Quality and DiversityWe examined the students profile on two parameters. Academic credentials were considered important as the student quality will determine the type of managers they will become. The second parameter was Diversity as the quality of learning depends directly on diversity.
The key areas considered here were Cut-Off Percentiles, diversity in selection process, as well the diversity in student profile including Educational Background, Gender, previous Corporate Experience as well as nationality. Since B-schools are primarily in the business of
classroom teaching to prepare industry-ready professionals.
To effectively capture the essence mentioned above, the research concentrated on MDP and Executive Education, Centres of Excellence and their achievements, as well as the level of participants in these assignments. It also tried to capture the number of faculty on various boards of organisations, various corporate bodies and government committees.
Show me the money and the rest will follow. As the primary tangible take-away from a B-school, the importance of placements can never be neglected. But the recent studies have also shown the slowing down impact of just monetary figures and profiles being offered have also become important.
Given the secrecy and sentiments that surrounds Placement details, the Research focussed primarily on the salary figures, the sectoral diversity as well as the quality of summer internship and also the quality of companies visiting the campus.
International Accreditation and Linkages Regarded by most experts as the certificate for the quality of the program and the institute, International Accreditations and Linkages are also fast becoming a necessity in the times of increasing global competition. International Accreditation is also a stamp of quality of the institute. Collaborations and tie-ups with schools in different parts of the world are facilitated because of International Accreditation.
The research focussed on various Accreditations as well as collaborations
grooming leaders, efforts were made to identify that how much weightage is given to the psychological testing regarding leadership attributes.
Top Business Schools across the world have been knowledge creators and pioneering contributors to Industrial Development. This thought leadership is what differentiates the grain from the chaff. Corporate Connectedness helps the institutes understand present industry trends and developments which they can then incorporate in their
for faculty and student exchange programs, and also th