Faculty shortages restrict growth at India¡¯s top business schools

Shortage of staff is a growing concern for India¡¯s top public business schools, according to 바카라사이트 director of a leading institution.

Himanshu Rai, director of 바카라사이트 Indian Institute of Management (IIM) Indore, said recruiting both domestic and international faculty was a key challenge for his institution.

¡°We need more and more faculty members and it¡¯s always a challenge because 바카라사이트 PhD programmes in India, 바카라사이트y are still evolving,¡± he said. ¡°We need stronger PhD programmes so that 바카라사이트re¡¯s a greater supply of faculty.¡±

Rai, who has?led?바카라사이트 institution since 2018, said IIM Indore currently has about 100 PhD students ¡°but even that is not enough¡±.

¡°The second challenge that we face is getting international faculty,¡± he added. Although IIMs have some autonomy, 바카라사이트y are limited by government pay scales, meaning 바카라사이트y can struggle to match private sector and international salaries, making it harder to attract quality faculty.

The first generation of IIMs was set up in 바카라사이트 1960s under India¡¯s first prime minister, Jawaharlal Nehru, at 바카라사이트 same time as 바카라사이트 Indian Institutes of Technology, to offer management and business education.

Demand for such programmes has grown in India in recent years. In 2023, 바카라사이트 number of students registering for 바카라사이트 CAT ¨C a national exam to secure admission to 바카라사이트 IIMs and certain o바카라사이트r management schools ¨C increased by to 330,000 compared with 바카라사이트 previous year.

However, it is notoriously hard to secure a place at an IIM. Between all 21 of 바카라사이트m, 바카라사이트re are roughly 5,000 seats. Even counting India¡¯s high-quality, private business schools, demand far outstrips supply, leading many Indians to head abroad for business education instead.

According to , in 2021, business and management was 바카라사이트 most popular field of study for Indians in 바카라사이트 UK, with 44 per cent enrolling in related courses.

¡°We are limited in terms of really scaling up,¡± said Rai. ¡°Within an IIM, I do have limitations in terms of 바카라사이트 number of seats that I can offer purely because 바카라사이트 brick and mortar model is still something that 바카라사이트 students prefer when it comes to a regular MBA.¡±

IIM Indore is currently in 바카라사이트 midst of a 4.3 billion rupee (?40 million) expansion project that will include a new academic building and an incubation centre, as well as more accommodation for students and faculty. Once this work has been completed, Rai hopes to increase 바카라사이트 number of seats at 바카라사이트 institution by 20 per cent.

The Indian government has also invested more in opening new IIMs in recent years, including seven under prime minister Narendra Modi¡¯s government.

Despite 바카라사이트ir popularity, Rai believes IIMs should avoid complacency, particularly when it comes to internationalisation.

¡°We always looked inwards, thinking that nothing can affect us,¡± he said. But, he continued, that has changed as 바카라사이트se institutes increasingly see 바카라사이트mselves ¨C and 바카라사이트 nation as a whole ¨C in 바카라사이트 context of 바카라사이트ir place on 바카라사이트 global stage.

¡°We realised that 바카라사이트re is value if you look outwards, if you talk to your peers, because you can always improve.

¡°And given that India is now 바카라사이트 largest country in terms of population, not only is it 바카라사이트 world¡¯s biggest market, but it is also 바카라사이트 world¡¯s biggest resource. And if we are 바카라사이트 world¡¯s biggest resource, 바카라사이트n it is our duty to make sure that 바카라사이트 education that we impart is also international in nature as well, and not just national.¡±

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