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By Harshita Mehrotra
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MBA Curriculum 4.0 – Why Students At B school Need It?

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8th December, 2020

Table of Contents

With the whole world familiarising and getting used to life with the pandemic, everything is under the scanner, including the MBA degree. The MBA curriculum is one of the foundations that build this degree to its stature and with the new normal, the MBA curriculum needs a disruption. The MBA degree needs to undergo changes need to be made keeping in mind the talent pool leaving the B schools and the current industry requirements.   

According to a survey done by ASSOCHAM, only 7% of MBA graduates are employable. With millions leaving B schools every year, such low employability numbers are heartbreaking. This imbalance is because the curriculum is not providing current MBA graduates with the apt skills and business acumen needed to solve modern-day corporate challenges. This in turn is because the MBA curriculum being taught at B school is in a great need of a revamp to make it more practical to today’s MBA aspirants.

The first change that B schools have to look into is the curriculum. 

The MBA Curriculum – A Holistic Revamp

Instead of a one-size-fits-all approach, the MBA curriculum should facilitate the process of ‘discovery’ — encouraging ‘exploration’ and ‘experimentation’. Students should be able to customise their learning pathways depending on their style, pace, and learning orientation.

The second big change will be to help in the ‘holistic development’ of the students. Students should be exposed to multiple disciplines across humanities, performing arts, design, language, science and social sciences. A holistically developed MBA graduate is expected to embrace change with an ability to respond effectively to changing career options at different stages of one’s life.

The third change will be the integration of technology across courses. Today, AI and Big Data are being used across many professions, ranging from the medical sciences and healthcare to sports and entertainment. Institutions will need to help develop in their graduates an appreciation of data integration with their areas of professional expertise.

The Social Aspects of an MBA Curriculum

In a country like India, where exists the issue of social inequality, our institutions need to make students socially responsible and be sensitive to the rich diversity and culture. No professional will be able to function in the future without an understanding of the impact of their actions on the environment and society. Our education policies should reflect an acceptance of all races and castes. An example of the Interventions that expose students to the issues of social reality is the SDGs (UN Sustainable Development Goals) introduced by the United Nations in order to inculcate the habit of putting the environment and society before our own needs. These sustainable goals will be a requirement in the planning of the curriculum for the future.

The essence of ‘leadership development’ lies in ‘self-management’ and ‘self-development’ with a little bit of discipline. In a survey done by IFIM-NHRDN clearly indicates ‘wellness’ and ‘fitness’ as integral elements of managing one-self. As institutions prepare graduates for the ‘Future of Work’, there will be an urgent need to integrate ‘wellness’ and ‘fitness’ as part of the required MBA curriculum, particularly in the post-Covid era. This will help the student in creating a well-balanced work-life and leading a healthy lifestyle.

Final Thoughts

In the years ahead, most of the repetitive tasks and easy problems will be handled by machines. We will be more involved in decision-making and imagining future possibilities. The pedagogy of teaching-learning will need to move away from information-heavy concepts to imagining solutions for the future. A typical in-class case discussion will no more be about ‘what happened?’ but about ‘what can happen?’. 

This implies a change both in the content and in the delivery through the MBA curriculum. Institutions will need to travel that extra mile to re-ignite the imagination ability of their students, take an approach to learn that can facilitate self-learning.

About Sunstone Eduversity

When it comes to an MBA, one size doesn’t fit all. The industry is ever-evolving and changing, and B schools need to keep up with its demands. 

Introducing Sunstone Eduversity, India’s only Pay after Placement Management programs. Our industry-aligned curriculum is taught using the best technological tools, expert faculty and created BY the industry,  FOR the industry, preparing you to hit the ground running from day 1.

At Sunstone, we take complete accountability of your career and our fee payment plans are proof of this commitment. With the pay after placement, you first get placed and only then pay us the fee. In money-back guarantee, you get the money back in case of no placement, no questions asked!

For more details on Sunstone’s Fee Structure – Click Here

Choose any one of our unique fee payment plans and we promise you that the only thing occupying your head will be taking your career to the NEXT level!

So what are you waiting for?

Upskill yourself with industry-aligned management programs, tech-led pedagogy and disruptive fee payment plans TODAY! –Apply Now 

By Harshita Mehrotra

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