15 December 2015, Harihar. Kirloskar Institute of Advanced Management Studies, widely known as KIAMS, has achieved 43rd position out of 4200 + business schools in India in the prestigious BusinessWorld rankings. The survey carried out by C fore in association with BusinessWorld listed IIMA, IIMB, IIMC and IIML as the Top 4 B-schools of the country. The survey was released on the 14th of December 2015 in the BW ‘B-School Education Special’. Bearing the title “The future of education and its leading tycoons”, the survey marked the return of many well-established B-schools back amongst the ‘A-listers’.
Dr. C.N.Narayana, Director, KIAMS, sees a recent market correction as a major reason for a much more efficient survey ranking, cutting through the “noise” that had crept in over the last few years in B-school surveys. According to him, supply outweighs demand of business education and this slowdown was only a matter of time.
“Many B-Schools faced a shortfall on the admissions front this year. Institutes that relied heavily on marketing and were unable to catch up on innovation had to move out of the fray. On the flip side, B-schools with strong industry credentials, like KIAMS, which have continuously delivered quality, continue doing well even in seemingly adverse times.”
The BW annual B-school survey sets pretty high standards for its rankings. It assesses B-schools on an exhaustive set of parameters – 12 in all – that cover every possible aspect of business education. These parameters are Leadership/ Governance Quality, Faculty Welfare Development, Competence of Faculty, Student Intake/ Selection Process, Curriculum & Pedagogy, Industry Interface, Research, Infrastructure and Facilities, Placements, Internationalism, Life skills/ Soft Skills, and Value For Money. Of the total score of 3400, maximum weightage is accorded to Placements (500), followed by Industry Interface, Research, and Infrastructure and Facilities (400 each).
“KIAMS has spearheaded numerous industry-oriented innovations in full-time PGDM education,” said Dr. C.N. Narayana, Director, KIAMS. “We introduced the Balanced Growth Card – a holistic evaluation of the student that focuses not only on performance outcomes but also on demonstrated effort and underlying competencies. We were the first to Introduce seminar credits. This brought to the student the latest industrial practices in management, delivered by industry practitioners.”
Raised in 1991, KIAMS is celebrating its silver jubilee year. Originally designed for the purpose of being a captive management centre-of-excellence for the managers of Kirloskar Group, KIAMS became a regular B-school in 1995 with a strong industry-based curriculum. This move was deeply motivated by the larger benefit to the nation. By the late nineties, the Indian economy had opened up considerably, and industry-relevant managers were the prime need of growth and nation building. KIAMS adopted “Education through Values” as its credo… its ruling paradigm, in line with the Kirloskar philosophy and outlook. Today, KIAMS graduates all over the world are recognised for their industry-immersed knowledge.