Prof Ashok Panjwani (Dean – Graduate Programmes), Management Development Institute (MDI) , Gurgaon shares the emerging trends in the field of management education, in conversation with Chhavi Bakaria
What are the emerging trends in management studies especially in this era of globalisation?
A distinct emerging trend is the focus on niche areas and new emerging areas like Project Management, Banking, Infrastructure Financing & Management, etc.
What are the popular areas of specialisations among students?
Project Management, Marketing using social media, Services Management, etc. are the popular and upcoming areas of study in management education.
There are concerns that the quality of placements has deteriorated across B-schools even including some of the premier ones. What can this be attributed to and how can it be addressed?
Quality of placements in terms of the salary(s) offered may have definitely come down because of the capacity to pay, as also the typical MBA is not being able to justify ( by way of providing solutions to businesses to improve their performances ) the high salaries he was being paid in the just recent past. Another reason for the same is the huge availability of MBAs in the market coupled with the widespread economic slowdown.
According to reports, more than 180 business schools closed down in 2012 because they could not attract enough students. But we need more colleges and institutes to bridge the demand-supply gap. What can be a way out in such a situation?
We certainly do not need any more colleges. The closing down of colleges is a correction in the right direction as everybody wanting to do an MBA today or doing an MBA does not perhaps has the requisite mental and other endowments which are required of a robust, vibrant MBA output.