The Profitability Of Business Management Education From Foreign B -schools In India
The reinvention of global business education may just be in India. The business school sector is booming and many future CEOs graduate from B-schools like IIM or ISB. Leveraging the lessons learned by the Western world’s business schools, Indian B-schools are creating a niche management education system that will prompt economic growth. This has given them a unique opportunity to become the ultimate state-of-the-art laboratory for global business education innovation.
Many foreign universities are finally seeing the light and are collaborating with Indian institute and are sharing their experience. Some examples being Oxford, Cambridge, Harvard and Wharton and now adding to the repertoire of foreign universities is Wigan and Leigh College which is a Manchester based college now forming ties with India in Pune, Nagpur and Bombay.
There are many advantages of having an education especially in business management from a foreign university. Although India has produced some of the best entrepreneurs from IIM and IIT and other such institutes, most of them don’t have a global perspective to how business works and have learned the hard way.
Giving the students an education with global perspective will not only give the advantage of an international level education in India, but will also help in the prevention of brain drain phenomenon, retaining the best talent in the country itself. The Indian economy will also remain stable as the money utilized by the foreign universities will be spent on the development of courses for the Indian students.
The Wigan and Leigh campus in Mumbai offers a prime business management program for students who cannot afford to or would not prefer to go abroad and complete their higher education. Not only does the college has world class faculty with years of experience and foreign exposure in various sectors like fashion, advertising, business management, media and design but it also offers to train experienced professionals who want to gain a perspective on global business opportunities.
In business, the aim is expansion, and elimination of competition. If the senior management has a fixed and logical strategy they will be able to effectively guide their employees towards a brighter future, both for the company and employees. Indian B-schools do not only teach management education but they teach ethics and human resource management in order to actually understand their employees.
India has emerged as the second-largest producer of management graduates in the world with more than 100,000 graduating every year. With many entering this field, this number is expected to go up further. This trend started with Indian B-schools opening up campuses abroad to cater to the demand of Indians settled abroad. A number of B-schools are setting up offsite campuses in the Middle East and South East Asia. In the Middle East, Dubai is a favourite location for Indian B-schools, considering that it is home to numerous Indians as expats or workers.