SY Siddiqui, National President, The National Human Resources Development Network (NHRDN) and COO-Administration (HR, Finance, IT & COSL), Maruti Suzuki India Ltd
Despite the mushrooming B-schools offering management education in India, the standard of professional education in the country is not consistent across in terms of quality. From our interactions with various B-schools and corporates, the concept of a professional and comprehensive rating of B-schools has emerged as a specific need in India for the benefit of prospective students, their parents and also the employers. With this background, it seemed quite appropriate that rather than leaving B-school ratings only to the magazines and quasi academic set- ups, it was better if a professional body like NHRDN, representing industry professionals, took the initiative of rating these schools.
Business schools rankings will not only facilitate a student to find the right institute to join, but will also enable prospective employers to choose the right talent for sustainable competitive advantage in a world where there is a war for the right talent. Therefore, the NHRDN, in association with a media company, has started the rating these B-schools.
This initiative would be driven by an advisory committee of eminent professionals from the industry and academia. The validation process will be carried out by our expert panel of professionals coming from various streams of management across the country. I am confident that the rating of B-schools will be an important step towards identifying the gap be- tween the industry and academia. The NHRDN will not only rate and rank the top 50 B-schools in India, but also go beyond and work towards bridging the gap with the next step of accreditation of these B-schools. This would be done by providing consulting and mentoring to business schools that are emerging to be among the top 50 to help them grow and become better.
Initiatives to bridge industry and academia gap
There are various other initiatives being taken up NHRD to bridge the industry and academia gap.
Strengthening professional HR education: After the success of the MDINHRDN PGHRM Programme, where the NHRD is supporting Management Development Institute, Gurgaon, with designing of course curriculum, mentoring students, providing them with industry interface like summer internships, live projects, etc during their stay in campus, we have started a similar initiative with IIM Ranchi.
National Professor: India has more than 3,000 B-schools where students study, hoping to find their dream career after completing their programme. But due to the mismatch between the available skills and industry expectations, all the students are not placed in corporate and other sectors. This is really an issue of concern. Management education in India has not changed as per the industry needs and before this gap widens enough. The NHRDN board has launched a new initiative, concept of National Professor, which is an honorary position instituted by the NHRDN where we will invite senior academicians and practitioners to voluntarily contribute 12 man days in a year to build the capability of HR students at not so established business schools. This will help us bridge the gap between industry and academia and provide inputs to budding managers aligning with industry requirements.
Udai Pareekh’s Student Scholarship: The NHRDN has started a scholarship for HR students. The objective of the scholarship is to encourage and recognise promising HR students.
Capability building: The capability building workshops, conferences, seminars, webinars organised by the network offer HR professionals and students a unique opportunity to sharpen and build their HR competencies.