The New Education Policy And Its Impact On Management Students

NEP 2020, which was launched on 29th July this year after cabinet approval, is touted to usher in transformational reforms in education system in India. After all, it replaces the last NEP policy of 1986, and was unveiled by none other than Prime Minister Narendra Modi on the mammoth stage. He asserted that new policy will bolster research and innovation in the country to make it self-reliant. Its impact will be felt right from schools to Post Graduate Diploma Courses in India.

We have more than 500 B Schools in the country that will need to rise to the challenges posed by the new policy and optimize the opportunities it presents. In a recent conference organized by Education Promotion Society of India, Dr Anil D. Sahasrabudhe, Chairman, AICTE stated that B Schools offering PG Courses in India will need to improve their programming quality. It means increased focus on research, curriculum, faculty, as well as exposure to students.

This will lead to enhanced learning experiences and industry-relevant skills training for MBA students. But as Dr. Jitendra K. Das, Director, FORE School of Management commented at the conference, the proof of the pudding lies in the eating, and the key to the success of the policy depends on its implementation. Yet, in its nascent stages NEP can be looked at positively, with several transformative changes in store for management students.

 

  • The policy brings special attention to National Research Foundation in a bid to promote research. MBA students will find greater encouragement for their research pursuits.
  • Innovation will remain at the forefront of your higher learning. It is expected to result in more incubation centers and labs being set up in B Schools.
  • Management education in India is set to get more multidisciplinary across the board. This approach, so far followed by a few B Schools, boosts lateral thinking in professionals.
  • Multiple entry and exit system is set to be introduced in higher education. Students can take a sabbatical and enroll back for studies without losing credits.
  • There will be an academic bank of credits that will broker more flexibility for management students. You won’t have any restrictions choosing MBA Major and Minor.
  • Specializations themselves will not be restricted to the traditional Finance, Marketing, HR, and Operations domains. Microspecializations like AI, IoT could come into play.

At VJIM, Hyderabad we have consistently focused on interdisciplinary relationships. Our research cell has promoted projects that bring practical solutions to real life business problems. Our IT and Communication Lab, Centre for MSME, and state of the art Learning Resource Centre are the driving force for new technology solutions and innovations, which are the desired outcome of NEP 2020.

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