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Management education evolved in the period of 1900s and Harvard started in 1908 to impart formal management training. Since then MBA or business education is treated as the king of courses. In India, formal management education started with the inception of IIM Ahmedabad in collaboration with Harvard. Since then there is always a set defined priority to bring in corporate practice in to the class room. This was made possible in a number of ways and one prominent ways of doing so was internship. Gradually summer internship or summer training became an accepted curriculum in the management pedagogy.
With the advent of growing globalization, many leading management institutes in India are coming up with the convergence of ideas and plans which is constantly transforming the global business model and reorienting the future of globalization. Their aim is to incorporate the world’s best academic practices into all their management and executive programs, training programs for the Top Management of the corporate world.
Students should be imparted new knowledge to benefit business and society, through supervisory education and applied research. Consistently top-rated for teaching quality and research with recognized research leaders across disciplines as diverse as industrial dispute resolution, business strategy, customer service, enterprise, CSR, sales marketing, and energy policy, people come to these institutes to explore grounded, well researched ideas. They should find here “ideas” that work in the real world.
The institute should also give a fair chance to the students to have hand on experience of things. There are institutes which, in the name of practical training, ask management students to sell the products of company. Companies do agree to participate in such training programs because they get free labor from the institute. No doubt there is learning but this is not of as much help to the student as compared to a student who has hand on experience in decision making in the company. So when an institute works for the academics; it is also equally important to treat SIP (Summer Internship Program) as important part of the curriculum.
Negligence at the time of SIP will lead to serious consequences. It is liability of a management institute to arrange a SIP for the student and make him attend it properly. Institutes failure in providing SIP training often results in failure in placement too. Students who enroll with cheaper and unauthorized management institutes often suffer this fact very much. These institutes receive no or negative response from most of the good companies. Even students from a poor institute, poor academics or with poor practical knowledge face problems at the time of interviews and placements.
There are many reputed management institutes in India which have developed at a swift pace with great revolutionary thoughts. Their vision is to deliver the best of Management Education and emphasis on overall development of its students with highest exposure to the practical working environment. These management institutes teach students to think strategically when making decisions, to empathize their peer, to inspire teamwork and team building, and to contribute to the success of a project and the overall objective of corporate social responsibility.
With collaboration with foreign universities and colleges, these institutes conduct global exchange programs wherein students travel to different institutions. These programs ensure international exposure to the business and the cultural environment leading to a balanced view of the world.
There are some really good institutes, besides IIMs, which impart international level of management education to local Indians and even attracting foreign students from many other developing countries. The onus of choosing a right and reputed management institute lies with the students and his parents. This of your decision can make or break all your career prospects.
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