Which B-School Will youChoose?In a first-of-its-kind endeavour, National HRD Network joins hands withPeople Matters to gauge and rank B-schools in the country. It is the onlyranking to have involved more than 30 senior corporate members in itsdesign and execution
The Why, What, How and Who of the rankingsIndustry leaders from NHRDN tell People Matters why employers andaspirants should take this B-school ranking seriously and how it willbe a game changer
“In the absence of any consistent ranking systemwith high credibility, we received feedback from B-school aspirants who were unable to take aninformed decision and were often misled.Organisations themselves were not able to choosethe B-school most suited to theirrequirement, because the data wasn’tcomprehensive enough. Lastly, it made completesense for NHRDN with over 12,500 HR practitionersas full time members who play a major role inrecognising, discovering and nurturing talent, toundertake this exercise and provide a benchmarkranking which all stake-holders can look up to andtrust.”S.Y. Siddiqui, National President, NHRDN andCOO-Administration (HR, Finance, IT, CompanyLaw & Legal), Maruti Suzuki IndiaWhy is this ranking needed?
“There are many players in the space ofmanagement education, however, there isn’t anyfocus on quality. NHRDN is acting as a facilitatorto get back this focus on quality and to make theprocess of grading B-schools more stringent, robustand objective. NHRDN initiated this rankingbecause others are to some extent based onperception. The purpose of doing the ranking is todo it more professionally, with more transparencyand in an objective manner to help all the key stakeholders, namely the educationalinstitutions, students, employers and communityat large. The idea is to get a win-win for everyone.”P. Dwarakanath, Past National President, NHRDN &Director, Group Human Capital, Max IndiaWhy is this ranking needed?
“This is the first ranking being done by the usersthemselves. They being the key customers it isimportant for them to ensure that the process isauthentic, legitimate, reliable, accurate andrelevant to business requirements.”Dr Santrupt Misra, Past National President, NHRDN, DirectorGlobal HR & CEO, Carbon Black Business, Aditya Birla GroupWhy is this ranking needed?
“The biggest differentiating factor is the rigorousprocess involved in the ranking. The jury andadvisory committee had representation fromindustry and academia, and the data received fromB-schools was validated by the research agency incollaboration with a member from NHRDN. Thecommittee constituted a set of criteria whichincluded parameters such as academicexcellence, infrastructure excellence, corporategovernance ofthe institute, performance of the alumni, industry-academy interface etc. The validated data becamethe basis on which we ranked the institutes.”Dr Arvind Agrawal, Past National President, NHRDN andPresident, Corporate Development & Human Resources, RPGHow was the ranking done?
“Any information in the public domain should bebacked by people who know the subject. NHRDNbeing an association of HR professionals, has therequired expertise to create a credible B-schoolranking and set a benchmark of how educationalinstitutes should be ranked in the future.Most of the rankings done in the past havebeen done on the back of people who are reportersgoing and making that assessment. This is onewhere we have a panel with people from theindustry and academia to make judgment calls onthe evaluation.”S.V. Nathan, Regional President-South, NHRDNWhat makes it different?
“This is the first ever ranking process which hasevery data point validated and comes acrossas a unique study wherein we have also focused onfunctionwise ranking for various colleges. There wasa felt need among all the stake-holders for areliable, professional study to be conducted by anorganization, which has got no vested interests. Thisis why we decided to take this up as a social cause.”Kamal Singh, Director General, NHRDNWhat makes it different?
“I am personally not a great believer in rankingbecause decision by students to join an instituteis not decided by the ranking alone but byavailability of admission.Similarly, organisations do not necessarily rely uponranking alone for hiring decision. However, rankingdoes help in spurting an educational institution toset higher benchmarks – in which case it does servea worthwhile purpose.”Dr Aquil Busrai, Past National President NHRDN and CEO, AquilBusrai ConsultingWho benefits from it?
“Even though B-school rankings in India are carriedout by various agencies/ publications/ magazines,the feedback received so far from various quarterssuggest that the process can be improved to reflectthe true spirit of Rating and Accreditation,thereby bring quality, credibility and transparency tothis important initiative.”S. Varadarajan, Regional President-North, NHRDN & ExecutivePresident-HR, Tata TeleservicesWho benefits from it?
“We wanted to do something beyond therankings, as in improving the whole quality ofeducation and contribute towards the community atlarge. Based on the gaps identified in the rankingprocessNHRDN will create modules where we could workwith various B-schools to either deliver thosemodules in their schools or to create tie-upsbetween the B-schools or with industry.”Rajeev Dubey, Regional President – West NHRDN and President(HR, After-Market & Corporate Services) & Member of Group ExecutiveBoard, Mahindra & MahindraThe road ahead
“Our prime objective is to contributeto the society, to mentor B Schools to attain nextlevel of excellence and help them buildan industry ready talent pipeline.”Sourav Daspatnaik, Regional President- East, NHRDN & CEO, Bengal ShipyardWho benefits from it?
The academia have high expectations from the NHRDN-People Matters B-school Rankings as they believe theformer lends credibility and fairness to the surveyThe B-School Perspective
“The fact that it is NHRDN who conductedthe exercise gives it credibility. I trust that theranking will be far closer to reality in terms ofwhat exactly a B-school is adding towards thedevelopment of the workforce.”Dr Bibek Banerjee Director, Institute of Management Technology(IMT), Ghaziabad“We have developed a programme called ‘We care’. Inthis programme, students have to spend three yearsat a stretch with an NGO. This sensitises them towardssocial realities, helps them understand the world andmakes them better human beings and managers.”Dr Debashish Sanyal Dean, School of Business Management, NarseeMonjee Institute of Management Studies, Mumbai
“NHRDN is a nonaligned, non-partisan andnon-commercial third party of HR professionals. HRprofessionals interact with MBA graduates the mostduring the hiring process. So, their views on how aB-school or its graduates are doing should be of somevalue.”Prof. Gautam Sinha Director, Indian Institute of Management (IIM),Kashipur“Our commitment to inclusive social change, todiversity and alliances across sectors in the industryand with institutes across the world makes us uniquein all aspects and helps us create socially sensitivemanagers who can work towards building asustainable organisation.”Prof. Bino Paul Chairperson, Tata Institute of Social Sciences, Mumbai
“We are glad to note that NHRDN and People Matters arecollaborating in bringing out a nationalB-school ranking survey based on a multi-dimensionalmethodology. We look forward to the survey and sincerelyhope that this collaborative effort raises the benchmark ina definitive manner.”E. Abraham S.J. Director, Xavier Labour Relations Institute (XLRI),Jamshedpur“This ranking is being done by an association that hasfirst-hand experience about the quality of managementeducation and knows the gaps between industryrequirements and offerings of business schools of India.Also, the framework chosen by NHRDN evaluates a B-school on parameters based on logic and marketperception.”Dr H. Chaturvedi Director, Birla Institute of Management Technology,Greater Noida
“The current ranking system in India is full of errors andthere have been a lot of misgivings as far as rankings areconcerned. NHRDN is a professional body that is high onethical conduct and I believe that they will do a fairand credible ranking for the benefit of allstakeholders.”Dr Jitendra K. Das Director, FORE School of Management, New Delhi“This country has been manipulated by rankings that arebased on perception and impressions, where muscle powercan influence the output. The NHRDN – People Mattersranking is the only ranking that is linked to puredata, validated, integrated and authenticated bystudents, faculty and academic deans. The robustmethodologyand process will help in modifying perceptions byvalidated information.”Dr Pritam Singh Director General, International Management Institute, New Delhi
“It is a wonderful initiative. No other organisationbut an HR organisation can understand the impact ofeducation on students and employers. Most ofthe rankings are done purely on quantitative figureswithout any evaluation of the ability of an institution toimpart education.”Dr Renu Luthra Director, Galgotias Business School, Greater Noida“Our vision is to nurture holistic, socially responsibleand employable resources. Because of our focus onemployability, students have to go through amandatory internship of six months in the last twoterms, which prepares them for their corporate careers.”Sanjay Padode Secretary Centre for Developmental EducationSociety, Bangalore, IFIM Business School, Bangalore
“We emphasise on student partnerships to inculcateentrepreneurship and leadership skills. Our CEO Forum, aweekly session of experiential learning, is a uniqueplatform that helps students interact withbusiness leaders and understand corporaterealities.”Dr Sanjeev Bansal Director, Amity Business School, Noida“Our institute is run by an industrialist and hence theyknow the finer nuances of what the industry requires. Ourcurriculum is continuously revised by industry experts andthey also participate in the delivery of the course. This notonly makes our students employable, but it also helps inbuilding Entrepreneurship skills.”Dr S.R. Musanna Director, Jaipuria Institute of Management, Lucknow
“Till now, most of the rankings have been done bymagazines, journals etc. and I doubt their understandingof the education system plus their researchmethodology is perhaps not appropriate leadingto bias. Since NHRDN is an association of HRprofessionals, the ranking should be moreappropriate.”Prof. S. Sriram Executive Director, Great Lakes Institute ofManagement, Chennai“The fact that the NHRDN is involved in the ranking makesit more interesting because it is similar to stakeholderfeedback and this feedback can be used constructively.Also, NHRDN, through its methodology, evaluates B-schoolson qualitative and quantitative parameters unlike otherrankings.”Prof. Dr Uday Salunkhe Group Director, Welingkar Institute of ManagementDevelopment & Research
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