Updated on: Tuesday, October 06, 2009
Bangalore: "We desperately need skill-based education to prepare our country for the future. Management education is a responsibility in this direction,'' stated Kiran Mazumdar Shaw.
The Biocon CMD on Monday inaugurated an MBA programme of the Amruta Institute of Engineering and Management Sciences (AIeMS). The two-year MBA programme, which costs Rs 1 lakh, is aimed at making students industry ready.
According to Shaw, future entrepreneurs and leaders need to create jobs and not become job seekers. "For that, one needs to innovate by seeking new knowledge, upgrading skills and not accepting conventional methods,'' she said.
Shaw stated that management education has a huge role to play to solve the challenges of the country, such as infrastructure, health care and education, and the solutions developed 50 years ago won't work today. Even though India's education sector is estimated at $40 billion, and about 300 new business schools will come up over the next four years, few management graduates get selected through campus placements, because they are not industry ready.
According to Jagdish Bapat, member, governing council at AIeMS, and head of people function at Azim Premji Foundation, the MBA programme will be on a par with the best, giving them the wherewithal to compete in the global arena. "The graduates may be technically sound, but we will hone them with new skills required by the industry,'' Bapat added.
AIeMS stated that various industry leaders, entrepreneurs and faculty from top B-Schools will come as guest mentors to make students industry ready. As part of creating awareness, a free workshop for aspiring students was also held, highlighting the advantages.