India has no shortage of B-schools. However, after the top 20 to 30 Indian B-Schools, there is a steep drop in the quality of management education provided by the rest of the institutions. While there has been a change over the past few years, it is still not good enough and therefore majority of Indian B-schools are not on par to be ranked with international B-schools. The few B-schools to be featured in the rankings are the Indian Institutes of Management (IIMs) and Indian School of Business, who have provided top quality education to their students and guided them to have successful careers.
Enhance Faculty through Research
The quality of education at most of the 3300 B-Schools is not good enough for students pursuing their MBA to get jobs. While the quality of students is good, the deterioration in the quality of faculty has been much greater. It is a sad sight to see a lot of B-schools with very few faculty members to teach students. Furthermore some of these faculty members do not have the required knowledge on the subject and are not able to guide the students properly, thus leading a student to fail. However, the major problem lies with the fact that Indian B-Schools do not have good quality PhD programs in Management which would inspire faculty to carry out research activities and thus broaden their scope of understanding and hence share with the students which would be extremely beneficial to them. By establishing the right support system, Indian B-Schools can promote their faculty members to pursue research activities, thus allowing the faculty members to gain the ability to publish research papers in journals and present the same at international conferences. In doing so, the value of the institution will go up and therefore they will be one step closer to obtain an international rank.
Utilize Unique Teaching Methodologies
While research is one of the aspects that increase an institutions' value, there is also a need to utilize unique teaching methodologies which will enhance the quality of business professionals that the institute provides to the world. Most Indian B-schools are still providing knowledge to their students through rote learning. However, in the world of business, there is a key need to understand practicality which upcoming business professionals can gain through the introduction of the case teaching methodology and outcome based learning. These methodologies have been successfully applied by institutes over half a century who have been churning out extremely successful business professionals. By applying these methodologies instead of rote learning, the upcoming Indian business professionals will be able to stand toe to toe with their counterparts from around the world, thus elevating the value of the institution they study in and the ability to gain an international rank along with the best B-schools.