What Do Employers Of Leading Companies Expect From Business Schools?

The global giants, the boutiques, and most startups from across the world commonly agree to one point: business schools are rightly getting the job done. Offering a suitable talent for today’s workforce is one of the key deliverables for MBA and PGDM colleges, but what more should they be doing to fulfill the needs of the business?

 

When designing their curriculum and programs, MBA colleges in Hyderabad, Bangalore, Mumbai, and Delhi among other cities have two main customers in mind: employers and prospective students. But often, if the expectations of employers are inevitably linked to the desires of students – that drive how MBA and PGDM colleges change and innovate.

Talent

 

Business schools are typically encouraged by the strong demand for talent. However, the kind of talent that employers are on the hunt for is constantly evolving. More than just talent, the need to build close ties, innovate, and extend collaborations with employers is what seems like the need of the hour which is yet to be ingrained in the approach of every business school. As per the Financial Times, the ability to etch resilience, influence in a positive manner, and implement strategic thinking are a few of the most challenging-to-recruit skills that employers encounter. Plus, in recent times, technological changes are constantly transforming industries, and thus, more than just knowing about technology, employers are largely expecting candidates to possess soft skills to deal with the situation.

 

At the same time, there’s a great demand for technical skills by organizations. In this climate, post graduate diploma courses in India or specialized programs like PG diploma in business management have become a source of interest for most employers.

Collaboration

 

In major cities like Mumbai, Bangalore, Delhi, Chennai, Kolkata, and Hyderabad, top MBA colleges and employers alike reap the best rewards when they collaborate. In the executive space, there’s a need for business schools to custom-build courses for, and with, specific employers, to improve their share of a market and offer online programs and specialized training to their employees. In fact, more than before, employers are now keen on collaborating directly with students – be it through social impact projects or competitions.

 

Innovation

 

Organizations want business schools, particularly PGDM colleges, to innovate to align with their needs. And while employers prioritize innovation, technology change shouldn’t mean students learn with virtual reality headsets. What’s important is whether or not students are taught in a manner that reflects the practical world working environment, where there’s free and healthy communication, both online and offline, across time zones and locally as well.

 

Ultimately, it’s convenient for business schools to get distracted by the wave of digital innovation. Top MBA colleges in Hyderabad, Mumbai, Bangalore, and other metropolitan cities need to remember that, today, anyone and everyone can learn about business at the touch of a button. What’s important is to offer an experience – the setting for teamwork, networking, and self-reflection. And this is what employers’ value the most!