Nunzio Quacquarelli is the managing director, QS (Quacquarelli Symonds) Limited (of the QS World University rankings fame), and is recognised as an authority on the strengths, weaknesses and specialisations of business schools and universities around the world. Quacquarelli talks about the changing trends in management education.
Given the global economic scenario, are any of the world’s top B-schools tweaking their programmes to teach management students ways to swim out of a crisis?
Most, if not all reputable MBA programme’s curricula have, or are currently undergoing changes to incorporate a greater global social awareness. In part, this is in reaction to the ongoing economic events of the past few years. However it is also the case that to remain current and relevant to modern management practices, business school programmes constantly evolve. This is nothing new. Some also placed a degree of blame for the global recession with business schools for failing to teach ethical business practices. While personally I don’t agree with blaming the schools themselves, it cannot be ignored that the teaching of MBAs has changed in reaction to the global economic recession. I feel that this is testament to the relevance of management education in today’s globally integrated society, as the educators themselves consistently strive to perfect their offerings and produce future business leaders that are well-versed in an ever-changing economic climate.
Any interesting new programmes offered by prominent B-schools?
Greater internationalisation of MBA classes is very important to today’s global society... in particular the integration of Indian businesses into it.
The difference between top global business schools and Indian business schools?
It is a concern held by some that, as an emerging global economic power, Indian business schools do not have enough international representation on their MBA programmes, and therefore graduating MBAs may have difficulty working in an international management environment. This concern is best represented in the upcoming QS Global 200 Business School Report, where in all but one of ten management specialisations in Indian business schools were seen by worldwide employers to excel, featuring amongst the top 25 in the world. The one specialisation where an Indian business school did not feature in the top 25 was in international management.
However, increasing the international diversity of MBA classes is no easy task. A good example is the Indian School of Business, who have joined forces with other Asian business schools to promote business education in the region. Named the Asia4, the group have worked with the QS World MBA Tour in both North America and Europe in order to create greater awareness amongst MBA applicants in the regions.
As told to Ayesha Banerjee