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The Best B-Schools-2009
Living Media India Limited (India Today), Oct 2009, Pages: 45
Business Today is a pioneer in ranking management programmes, having carried out India’s first B-school survey in 1998. BT’s survey sets itself apart from the rest of the pack primarily because of its methodology. It eschews difficultto-verify parameters—like number of computers per student or number of academic papers published by faculty. The one major trend in our survey this year is namely, the ascent of what are generally known as “Tier II” schools. These are institutions that don’t have the same sheen or credentials of the elite IIMs, or even an XLRI—but instead offer different, compelling value propositions for your average student today.
Our B-school coverage also unearths another transformation sweeping the corporate landscape. With Lehman Brothers and Bear Stearns evaporating overnight, and many of the world’s top investment banks still reeling from the mortgage derivative debacle, finance—the holy grail of MBA students—has virtually vanished as a career option. In general, the slowdown has forced campus recruiters to drastically slash hiring or stop recruiting students for the year altogether. This has meant that the era of stratospheric salaries has ended, and graduates have been forced to significantly lower their expectations. Another interesting trend: Management programmes at some of the major IITs have started to become attractive options due to their ability to churn out quick, unpretentious minds who are interested in both the job as well as the pay package rather than just the latter.
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