REDEFINING SUCCESS

In a rapidly changing world, institutions need to embrace a more holistic approach, one that recognises learning quality and student well-being

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FOR DECADES, INDIA’S premier business schools have been laser-focused on placement statistics, and rightly so.

From small towns to metros, the MBA has symbolised a ticket to a higher rung on the economic ladder, a passport to opportunity and influence.

But is this narrow lens enough in today's rapidly changing world? What about learning or learning mindset, and contribution to entrepreneurship, job creation, and society? Institutions need to embrace a more holistic approach, one that recognises learning quality, research, alumni networks, social impact, and well-being as equally vital. Business education has to be about preparing leaders who can not only thrive but also relearn and reinvent themselves in complex and ambiguous environments, not just secure a job on Day One.

International accreditors like Association to Advance Collegiate Schools of Business (AACSB) and European Foundation for Management Development (EFMD) Global are also amplifying this shift. These global standards also urge Indian B-schools to expand their ambitions.

A robust B-school evaluation should look at a multiplicity of parameters:

Learning Value: How effective are teaching practices and curriculum innovations? Are students mastering skills critical for the future?