B-School Scenario in India
Essay by gauravbaid18 • October 31, 2015 • Coursework • 6,054 Words (25 Pages) • 1,015 Views
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PROJECT REPORT
Course name: BUSINESS STATISTICS
Data Analysis using Statistical tools
Source of Data: < India’s Top 100 B-Schools>
FAS Group No: H1
Name of Students:
Abhishek Khaitan (15F203) |
Ankit Garg (15F209) |
Gourav Baid (15F221) |
Rachita Sahu (15F238) |
Supradeep Mallimadugula (15F255) |
TERM 1 – 2015
T A PAI MANAGEMENT INSTITUTE, MANIPAL
Acknowledgement
We would like to express our special thanks of gratitude to our teacher Dr. Seena Biju who gave us the golden opportunity to do this wonderful project on the topic ‘Data Analysis using Statistical tools of India’s Top 100 B-Schools’, which also helped us in doing a lot of research and application of various statistical tools which we have covered as a part of our curriculum.
We would also like to thank our parents and friends who constantly motivated us to finish this project within the given time frame.
Table of Contents
Sl. No. | Description | Page No. |
Chapter 1 | Introduction | 4-5 |
Chapter 2 | Objective , Research Method & Data Description | 6-9 |
Chapter 3 (A) | Data analysis - Descriptive | 10-13 |
Chapter 3 (B & C) | Data analysis – Inferential and Correlation & Regression | 14-26 |
Chapter 4 | Managerial implications | 27-30 |
Chapter 1
B-SCHOOL SCENARIO IN INDIA
A boom in the economy along with a vibrant domestic market, India is poised to become one of the world’s largest economies in a very short span of time. This signifies growth in diverse sectors which means efforts will be made to make India a world class economy. The high speed growth of the Indian economy, both current and anticipated, will result in the creation of thousands of enterprises catering to the diverse needs of such an economy .This represents huge employment opportunities, need for high quality trained manpower (“management graduates”) to manage and operate the multinational giants as well as the blooming startups. With most of the Old Economy, family-run businesses also looking to join this growth bandwagon by revamping their enterprises on a war-footing, time has never been better for management graduates.
Within a very short period, the number of such institutions has crossed 1000, with scores more being added every year. However, the quality of education offered across these institutions differs vastly. At one end of the spectrum one can see world-class education being imparted at the Indian Institutes of Management (IIMs) to abysmally low quality at the other. Of the 1000+ institutes offering management education, only around 100 can boast of imparting education of excellent quality. These 100 institutes are the ones worth joining. The scenario described above has been the reason why the student community at large is confused with regard to the selection of a management institutes. The sheer numbers of institutes and the accompanying claims (genuine and otherwise) make it extremely difficult for a student to take the right decision regarding the selection of an institute.
Of late fresher’s have been more enthusiastic (students with little or no work experience) in seeking admission in the top B-schools of the country. Contrary is the scenario abroad where a high percentage of those wishing to join a B-school have at least a few years of work experience. This has resulted in the average age of a management graduate in India being about 23-24 years in India compared to the 27-28 years at most top class institutes abroad.
The private players in the sector have increased manifold and now attract a sizeable student population contrary to the practice a few decades ago. The fee charged by management institutes in India varies a great deal between institutes. It is as little as 1 Lakh for a two-year post-graduate programme in university departments which are funded by the government while most premier institutes charge anywhere between 5 lakhs and 15 lakhs for a similar programme.
In a globalised economy the allure of an international flavor management programme from good B-Schools abroad has been the motive force behind the large number of Indian graduates seeking admission into the coveted management programmes. It was hitherto felt that these international schools charge a very high fee and is not worth joining, but this perception is rapidly changing as the difference between their fee structure and that of Indian institutes keeps diminishing.
The “abroad” option appears attractive to those who can afford it. The main attraction of management education abroad seems to be the fact that admission into them is relatively easier than getting into a top Indian management institute. However, students who are thinking of having a fancy degree from an International B-school needs to have work experience and at the end of the course they “might‟ not get the kind of placement that they desire.
No standard parameters or criteria are available for rating these institutes. Surveys carried out by various publications, including some business magazines, have only added to the confusion as the results of these surveys are dissimilar to each other. The dearth of a reliable source has been acutely felt by the student community.
To try to address the issue a combination of various factors needs to be taken into account while selecting a B-school and the personal preference of a student is utmost importance. The compatibility between both is necessary for a successful bond that needs to be forged, to foster experiential learning and overall development of the student into a global manger ready for challenges and leadership.
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