blog@Yantrajaal

With an obsession with placements , Business schools in India -- IIMs not excluded -- have degenerated into thinly disguised placement agencies or at best glorified vocational schools. The compartmentalisation of B-school curriculum into the four principal management functions, namely Finance, Marketing, Human Resources and Systems and Operations reflects this mindset. These are the four principal kinds of tasks that a manager is expected to perform and B-schools pat themselves on the back if they can teach these four skills to the satisfaction of the recruiting companies. [ Though in reality, companies that hire from B-Schools do not seem to care for even this skill ...] Unfortunately, this puts B-schools in the category of vocational schools or V-schools If we draw an analogy with engineering schools, this approach would mean that students are taught workshop practice -- chipping, fitting, foundry, welding -- assembling circuit boards or laying out wires for electrical circuits ...

Why do students queue up to get into B-Schools, especially the more well known ones ? And why are some B-Schools more well known than the others ? Both questions are in fact two sides of a more fundamental question - what value does a B-School bring to the table ? and the answer to both questions can be found in the placement history of B-Schools in general and specific schools in particular. Students join B-Schools because they believe -- and in many cases, quite rightly, that it is a ticket to a high paying job and some B-Schools are more well known than others because their students end up with more, better or higher-paying jobs. But why blame B-Schools for this trend. In the 70s, 80s and even as late as the 90s when unemployment was the dominant feature of the economic landscape of India, students would throng the gates of the Engineering schools because because that was seen as the most sure shot ticket to a good job. Students who had neither the inclination nor the aptitude...