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Battle 4 - JBIMS v/s MDI Gurgaon - There is little value add from classroom learning at Bschools in India (AGAINST)

Comments
 

gaurav

I believe the argument put forth by MDI about family run business is not strong as MBA;s from these families send their children to study from top US B-Schools where the focus is on experiential learning.

6 Aug 2012, 05.14 PM

Mausam

MDI's point about demand for B-Schools not getting low seems invalid as if that was the case why would you see a drop in CAT exam givers in times of recession or a move towards foreign b-schools by Indians recently through GMAT. Clearly classroom training at top Indian B-Schools is inadequate

6 Aug 2012, 05.21 PM

anonymous

The tangible benefit points mentioned by MDI are extremely myopic in vision , when you are studying MBA , you don't study with the goal of studying 'only' what will help in getting placement . Placements are just the start , the skills acquired from practical learning will help in growing faster than your peers once in industry . Though classroom learning is an important and a necessary part of B school education , Focus should be more on practical learning . As Benjamin Franklin says "Well done is better than well said."

6 Aug 2012, 08.20 PM

Avani

Off Summers/Research teach you a lot more. When you work in a bank you obviously understand better than what you learn about banking in a classroom. For instance in class you only learn the finance part of banking but banking encompasses lots of guidelines which need to be adhered to practically. This cannot be taught in any class. I have practically experienced it guys and i tell you there is a big difference.

6 Aug 2012, 08.42 PM

Soumitro

I find the arguments given by the JBIMS team a bit hollow in the sense that the stress on practical learning has a meaning only after the context for that is set by a strong grasp of theory. Experiential education will anyways be the bread and butter of a career in Management, and most MBAs would probably spend 3 decades after their graduation pursuing this never-ending education in the industry. I feel that a strong foundation of theory is the chief value addition of an MBA school, most of whose intake would be lost in their new corporate role, without such education.

6 Aug 2012, 10.07 PM

sachin

Yes MDI does have a point regarding fundamentals that are taught in class being necessary, but we have so many non-MBA leaders in the industry today and that somehow leads you to the fact that practical aspects of MBA are crucial and it is better for some of these MBA grads to learn this in B-School themselves rather than spend the next 30 years trying to learn them, I mean you can learn and apply the skills simultaneously. You do not need to learn for 2 years and spend the next 30 years implementing it. Learning is one continuous process and i don t think any B-School can cover the entire gamut of MBA skills in a 2 year course.

6 Aug 2012, 11.25 PM

Bhavin

@soumitro - you may agree with me when I say, theory simply put is what one saw in practice... treat management education as any sport or an art and you will understand the point the team from JBIMS is making.. :) I see clarity in their thoughts..

6 Aug 2012, 11.25 PM

Soumitro

Hi Sachin, Bhavin, Thanks for considering my views worthy of your comments :) I realize the error in putting my point across, which probably appeared as if I'm stressing solely on Theoretical Education, while overlooking Experiential Education entirely. Like both the teams, I also believe that mid-way approach is the most suitable with stress laid on both aspects of learning - theoretical and practical. To refine my point, 2 years of MBA education are probably the most ideal for internalizing the theoretical concepts, whereas the practical concepts whose seeds are laid during MBA (for example, during Summers) will continuously prosper throughout one's career. Theoretical learning, which provides the context for practical learning, might take a back-seat after joining the industry, so I feel an MBA education should focus more on building the foundation. Just an opinion. We can always agree to disagree :)

6 Aug 2012, 11.47 PM

Abhinav

Plato would have said, "This maybe good in theory, but it doesn't work in practice" to which Ayn Rand would have replied "What good is a theory one cannot practice?" Guess where I read about the above concepts of philosophy? I read about them in a book I bought from crossword. My point being, an MBA is not about learning concepts and theories. Whether it is India or abroad, an MBA is about the EXPERIENCE. The focus is on practical learning, getting your hands dirty, making mistakes and learning from them (not referring to making mistakes in an exam and doing better next time). I think fundamentals are great but when I asked myself - 'Why MBA?', 'theories and concepts' is not the answer I got. If I had to get my basics in place, I would much rather continue working and enroll with the best library in my city - will give me access to diverse opinions, it is more cost effective and will save me two years of time and opportunity cost.

7 Aug 2012, 01.24 PM

prashant

The argument really is as to whether Indian B-Schools have become too bookish and less practical.IS this the reason why we do not produce as many management thinkers. I mean why do we need a Peter Drucker or a Micheal porter. Even CK prahalad and Amartya Sen havent done MBA's from India. IS it because of our poor emphasis on research and focus only on books.

7 Aug 2012, 02.42 PM

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Comments
 

gaurav

I believe the argument put forth by MDI about family run business is not strong as MBA;s from these families send their children to study from top US B-Schools where the focus is on experiential learning.

6 Aug 2012, 05.14 PM

Mausam

MDI's point about demand for B-Schools not getting low seems invalid as if that was the case why would you see a drop in CAT exam givers in times of recession or a move towards foreign b-schools by Indians recently through GMAT. Clearly classroom training at top Indian B-Schools is inadequate

6 Aug 2012, 05.21 PM

anonymous

The tangible benefit points mentioned by MDI are extremely myopic in vision , when you are studying MBA , you don't study with the goal of studying 'only' what will help in getting placement . Placements are just the start , the skills acquired from practical learning will help in growing faster than your peers once in industry . Though classroom learning is an important and a necessary part of B school education , Focus should be more on practical learning . As Benjamin Franklin says "Well done is better than well said."

6 Aug 2012, 08.20 PM

Avani

Off Summers/Research teach you a lot more. When you work in a bank you obviously understand better than what you learn about banking in a classroom. For instance in class you only learn the finance part of banking but banking encompasses lots of guidelines which need to be adhered to practically. This cannot be taught in any class. I have practically experienced it guys and i tell you there is a big difference.

6 Aug 2012, 08.42 PM

Soumitro

I find the arguments given by the JBIMS team a bit hollow in the sense that the stress on practical learning has a meaning only after the context for that is set by a strong grasp of theory. Experiential education will anyways be the bread and butter of a career in Management, and most MBAs would probably spend 3 decades after their graduation pursuing this never-ending education in the industry. I feel that a strong foundation of theory is the chief value addition of an MBA school, most of whose intake would be lost in their new corporate role, without such education.

6 Aug 2012, 10.07 PM

sachin

Yes MDI does have a point regarding fundamentals that are taught in class being necessary, but we have so many non-MBA leaders in the industry today and that somehow leads you to the fact that practical aspects of MBA are crucial and it is better for some of these MBA grads to learn this in B-School themselves rather than spend the next 30 years trying to learn them, I mean you can learn and apply the skills simultaneously. You do not need to learn for 2 years and spend the next 30 years implementing it. Learning is one continuous process and i don t think any B-School can cover the entire gamut of MBA skills in a 2 year course.

6 Aug 2012, 11.25 PM

Bhavin

@soumitro - you may agree with me when I say, theory simply put is what one saw in practice... treat management education as any sport or an art and you will understand the point the team from JBIMS is making.. :) I see clarity in their thoughts..

6 Aug 2012, 11.25 PM

Soumitro

Hi Sachin, Bhavin, Thanks for considering my views worthy of your comments :) I realize the error in putting my point across, which probably appeared as if I'm stressing solely on Theoretical Education, while overlooking Experiential Education entirely. Like both the teams, I also believe that mid-way approach is the most suitable with stress laid on both aspects of learning - theoretical and practical. To refine my point, 2 years of MBA education are probably the most ideal for internalizing the theoretical concepts, whereas the practical concepts whose seeds are laid during MBA (for example, during Summers) will continuously prosper throughout one's career. Theoretical learning, which provides the context for practical learning, might take a back-seat after joining the industry, so I feel an MBA education should focus more on building the foundation. Just an opinion. We can always agree to disagree :)

6 Aug 2012, 11.47 PM

Abhinav

Plato would have said, "This maybe good in theory, but it doesn't work in practice" to which Ayn Rand would have replied "What good is a theory one cannot practice?" Guess where I read about the above concepts of philosophy? I read about them in a book I bought from crossword. My point being, an MBA is not about learning concepts and theories. Whether it is India or abroad, an MBA is about the EXPERIENCE. The focus is on practical learning, getting your hands dirty, making mistakes and learning from them (not referring to making mistakes in an exam and doing better next time). I think fundamentals are great but when I asked myself - 'Why MBA?', 'theories and concepts' is not the answer I got. If I had to get my basics in place, I would much rather continue working and enroll with the best library in my city - will give me access to diverse opinions, it is more cost effective and will save me two years of time and opportunity cost.

7 Aug 2012, 01.24 PM

prashant

The argument really is as to whether Indian B-Schools have become too bookish and less practical.IS this the reason why we do not produce as many management thinkers. I mean why do we need a Peter Drucker or a Micheal porter. Even CK prahalad and Amartya Sen havent done MBA's from India. IS it because of our poor emphasis on research and focus only on books.

7 Aug 2012, 02.42 PM