Reshaping the Management Teaching In India : IBS, Hyderabad

The ICFAI Business School, Hyderabad is one of the most prestigious B- School of the country. ICFAI was established in 1984 as a not-for-profit society with the broad objective of empowering citizens through world class quality education. Since its establishment, ICFAI Group has made a significant mark in the Indian educational filed with a pan Indian network and presence.

Spread in a lush 95 acre campus, IBS provides more than 1000 in premises students to enhance their business learning capabilities. The teaching methodology is based on the requirement that students, read case studies and text book concepts and implement these in their real life experiences.

ICFAI Group has 3 Strategic Institutional Units, the ICFAI Universities, the ICFAI Business Schools and the Flexible Learning Programs (Distance Mode). In all the programs offered across these units, the emphasis is on adherence to academic rigor and differentiated curriculum that bridges the industry –academia gap.

The academic units of IBS-Hyderabad are organized around five departments: Finance and Accounting, Marketing and Strategy, Economics, Operations and IT, and Human resources and soft skills. The Case Research Centre of the school develops business cases on an average of over 100 cases per year. Case studies allow students to step into the shoes of the decision makers and deal with issues faced by managers. The students go through around 500 national and international case studies including those from Harvard Business School.

Management education plays a major role in the economic development. Though the business education in India has a long history the growth in business schools and business education increased after liberalization of the economy in 1990s’. However, the attitude of management degree seekers is changing and quite fast. IBS has a unique and innovative approach to business education, that focuses on providing the right knowledge imparting the light skills for enduring success in management careers and shaping the right attitudes.

“We believe in innovation, engagement and impact and thus in no lectures in the classroom. Well this doesn’t mean we have no teachers in the institution, but there are group discussions where in the direct the exercise towards the right answers”, Dr. S. Venkata Seshaiah, programme head of IBS, Hyderabad.

With 19 batches of students already graduated and close to 40,000 alumni employed at the middle and senior level in over 1000 companies across the world, IBS conducts IBSAT (ICFAI Business School Aptitude Test) a centralized admission process for its nine vibrant campuses- Ahmadabad, Bengaluru, Gurgaon, Hyderabad, Mumbai, Kolkata, Pune, Dehradun and Jaipur.

The institution has compulsory residential dormitories and about 30 student clubs for both curricular and extracurricular activities. IBS has a Syndicated Learning Activity that hones a student’s current affairs, general knowledge, domain knowledge, group discussion skills attitude and behavioral aspects.

“We always have a mixed bag of students and time has proved knowledge sharing- coined as trick. The curriculum involves industry recognition and accreditation at both the national and international levels, in collaboration with foreign business as well “, added further Dr. Sheshaiah.

Students aspiring to have MBA degree approach with varied backgrounds, expertise and experience. However, graduates in any discipline with a minimum of 50 per cent marks are eligible be he/she is experienced or fresher. Students are required to pay hostel accommodation charges of Rs. 40000 per semester and mess expenses of approximately Rs. 24000 per semester.

The institution also offers to bridge loans to students admitted into the IBS programmes till they receive the sanction and disbursement of an educational loan from a bank. They have a memorandum of understanding with more than 25 banks, among which the Bank of Baroda provides a 95 percent loan, mush like Axis bank.

The aspirants of B-School should undertake proper analysis before arriving at any decision rather than getting carried away by advertisements, blogs, etc. The best indicator whether a B-School is reputed or not, is the feedback from alumni and recruiters. The aspirants need to exercise due caution before selecting a B-School.