What are some of key the changes that have occurred in management education in the wake of the global recession of 2008?
We introduced an ethics module after the 2008 financial crisis to engage our students in conversation around some of the difficult decisions faced as managers and leaders. There is now also an optional coaching for first- year MBAs wherein they will be assessed prior to enrollment with feedbacks from supervisors, peers and clients.
Tell us about some of the emerging specialisations in management sector that will have a significant influence in the future.
In 2009 we launched our Master of Finance ( MFin) in response to the demand from the financial industry. This rigorous one- year programme combines an indepth study of quantitative techniques with practical and hands- on business problem solving skills. A year later we added the MIT Executive MBA ( EMBA). It is a rigorous 20- month MBA program designed for mid- career executives to gain an edge in their jobs.
How many Indian students are currently pursuing management programmes at MIT Sloan?
Currently there are 28 Indian students enrolled for our MBA program.
How do you rate Indian students in terms of their talent and aptitude and what are some of their strengths and weaknesses?
Indian students have excellent communication and quantitative skills. They are able to make cultural adjustments almost seamlessly.
They also have a good work ethic. Perhaps they are a little shy of risk taking.
Does MIT Sloan offer scholarships or any other financial aid to Indian students?
We do not have any specific scholarships for Indian students, but there are scholarships such as Fulbright Foreign Student Programme which brings citizens of other countries to the United States for masters degree or PhD at US universities.
Some of the top ranking Indian institutes such as the IIMs and IITs do not figure in the QS rankings for the top 200 institutes in the world.
What do you think ails the Indian education system?
Research is lacking even in some of the toptier Indian universities.
Research is expensive and requires a lot of investment in terms of faculty salaries and lab equipment or databases.
Emphasis on research also has to get reflected in the reward system – that is do you get promoted quickly for doing research and do you get paid substantially more if research is successful? These are some of the challenges in India.
Without research its difficult to get ranked among some of the top universities in the world.
SP KOTHARI is the Deputy Dean, MIT Sloan School of Management, the business school of Massachusetts Institute of Technology ( MIT), Cambridge, U. S. An expert in markets and accounting, Kothari spoke to Sangeeth Sebastian about some of the latest trends in management education and its collaboration with Indian B- Schools