Archive for the ‘B-schools Students’ Category
Management education sees a meltdown
A complaint letter written by a third year student against a now shut-management school, on an online consumer complaint forum embodies what seems to be ailing the current management education scenario in India. According to the student, the same professor was taking classes on subjects as varied as finance, information technology and economics. There were additional fraudulent activities in arranging student loans, and leasing students out as free employees in the name of internships, among other things.
There are a whole host of other reasons that have turned students off B-Schools — so much so, that over 70 of them across the country closed down over the last year. For an industry which, according to data by research consultancy, KPMG, was mushrooming at 1600 per cent over the past two decades, this is more than just worrisome.
Whether it is the economic malaise, the grandiose acts of frauds by global corporates such as Enron in the last decade or the fact that many MBAs were undoubtedly behind the sub-prime meltdown, the fact is that the number of applicants that take the Common Admission Test (CAT) — the common management school entrance exam — which was growing steadily from 180,000 in 2006 to 230,000 in 2009, at a steady 27 per cent, has now declined to as low as 185,000 CAT takers in 2010 and has since then consolidated at about 186,000 since then.
“There is a marked gap between the supply of management education schools and the interest among the students for management education. In the light of declining numbers interested in management education, it would be difficult to meet even basic expenses,” said Asish K. Bhattacharya, Director at Indian Management Institute (IMI), Kolkata, the branch of Sanjiv Goenka controlled IMI-New Delhi. The resulting problem? “This has meant that the institutes that created infrastructure and capacity in tandem with growth expectations by 2009, now have excess faculty, and costs that are not commensurate with the demand,” said Bikram Dasgupta, owner of the Kolkata-based Globsyn Business School.
Education has always been a lucrative space, and doubly so in a fast growing country like India. According to data in the 2010 report by PricewaterHouseCoopers (PwC), the private spends on higher education in India were pegged at Rs. 30,400 crores (Rs. 304 billion). In addition to this, the government spends an additional Rs. 31,000 crore (Rs. 310 billion)on high education.
While much of the management education space in India remains unregulated, industry estimates peg the postgraduate Masters of Business Administration (MBA) industry at 3,500 B-Schools, 60,000 students paying average fees of Rs. 350,000 yearly. “Add about the same numbers for other post graduate one year diplomas and half this for the undergraduate BBA (Bachelor or Business Administration) and it is possible to get a rough estimate of the numbers at stake,” said Gautam Puri, MD, CareerLauncher.
What could be the reason for such a big drop in the numbers of students seeking management education in India? Industry insiders argue that evidence points to a quality issue. “The closure instances has to do with the fact that there is no quality control—the placements are not commensurate with fees being charged, the faculty is not good enough, there is no infrastructure,” said Sandeep Aneja, founder and managing director of Kaizen Private Equity, an education-focused private equity fund.
Quality is an issue, given especially that it does not take much to launch a B-School in India. Management education in India i
s regulated by the All India Council for Technical Education (AICTE). However, most private management schools get themselves affiliated to university MBA programmes from where they get their content. AICTE has norms regulating the minimum student: teacher ratio, fees for courses and infrastructure, which are easy to fudge. Indeed as recently as early last month, union minister for human resources development, Kapil Sibal told a gathering at an education seminar that it is impossible to regulate such schools because because of the devious ways in which schools subvert inspections. “They hire teachers and facilities for AICTE inspections. How can we possibly regulate quality in that case?” Sibal said.
There is another issue that dogs B-Schools in India. “The problem is that most B-Schools have no brand,” said Arup Datta, managing consultant. Placements, argue experts are based on how big a brand a given institution is, the quality of education being imparted to its students and the employability of these students. The end-result? A fire sale where every institution that can’t survive decides to hawk itself to the highest bidder. Since there is some infrastructure, students and the license to be sold, many trusts are looking for established B-Schools looking to expand presence in parts of India. This would bring a brand to available infrastructure, aiding placements. “Depending on infrastructure, location and land availability, a typical B-School would be sold for anywhere between Rs. 5 and 10 crore (Rs. 50 to 100 million),” he said.
Ultimately, the shutting of B-Schools has ripple effects across the industry. Management professionals will form a big crux of the 347 million skilled labour gap highlighted by the National Skills Development Corporation (NSDC). This would be spread across verticals like organised retail, banking and financial services, and infrastructure to name a few. More importantly, according to a study by Cygnus, a business consultancy, in 2012, there will be a requirement of about 200,000 fresh MBA in various sectors. The top 50 B schools in India provide only 25,000 fresh MBAs.
Also affected also by the churn is the fringe element of coaching industry, which is estimated to be about 30 per cent of the Rs. 10,000 crore (Rs. 100 billion) Indian coaching industry. IMS Coaching, for example, with presence across 75 towns has adopted the franchisee model and has decided to reduce investment in infrastructure and become a solutions and backend help provider.
Source: Business Standard, April 18, 2012
Good year for placements at tier-II B-schools
It’s an ill wind that blows nobody any good. While top-rated business schools have seen flagging placement interest, and the war for talent has been relatively muted leading to lower salary offers, second rung B-schools are having a good year.
Cost pressures have forced corporates to hire fresh B-school graduates instead of experienced professionals. Campus hires are replacing junior level lateral hires, so up to tier-II B-schools, placements have been buoyant, despite a slowing economy.
Mr. Vipul Prakash, MD, Elixir Web Solutions, an HR consultancy, says his firm is sitting on demand from 27 clients for fresh recruitments. “So there is lot of hiring happening. In tier-II B-schools, salaries have gone up. In tier-III, however, the salaries are flat and variable percentage has gone down. In the last few years, telecom was hugely aggressive on employment. Now it is insurance and retail.”
Xavier’s Institute of Management, Bhubaneshwar (XIMB), saw 100 per cent placement in the second week of January. Average placement salary offers for its business management programme also increased by 6 per cent over last year. “This year the average annual compensation stood at Rs. 1.14 million a year compared with Rs. 1.07 million last year. The median salary stood at Rs. 1.08 million a year,” said Mr. Sworen Sahu, Placement Co-ordinator of XIMB.
Even relatively less favoured university departments are reporting a decent placement season. “This year, we got some new recruiters including Goldman and Sachs. As compared to last year, our average package has gone up by Rs. 100,000 to Rs. 900,000 (per annum) this year. Having said that, the number of companies have come down from 23 last year to only 17 this year. We are expecting 95 per cent placement by March end,” says Mr. Chirag Agarwal, Placement Coordinator, Department of Financial Studies, University of Delhi.
Source: The Hindu Business Line, March 7, 2012
B-school students to fend for themselves
As companies stay away from campuses and pay packages plunge by over 30 per cent, the lesser known business schools in the country are asking students to look out for jobs on their own. B-schools began their placements last October-November, but five months down the line, they have been able to place only 30 to 50 per cent of their batch sizes.
“Students are trying on their own. In several cases, they are not satisfied with the pay packages that companies are offering on campus. If students support us, they will be placed by April,” said Rishi Raj Singh, senior manager, corporate relations, at Asia Pacific Institute of Management, New Delhi.
The institute has a batch size of 220 students against a class capacity of 300. It has so far placed around 57 per cent of the students. “Last year, several banks came to us for placements, but this year only three have come so far. ICICI bank was the largest recruiter with 42 students absorbed, but this year, it has not come on campus,” added Singh. The institute says packages have gone down from Rs. 500,000 per annum to Rs. 350,000 per annum. This when the institute’s fee is Rs. 750,000 for the two-year post-graduate programme in management.
At the Noida-based Jaipuria Institute of Management, 40 per cent of the batch has been placed till February 20, though it’s an improvement over 24 per cent on the same date last year (full year placement was 90 per cent). The institute has a batch size of 106 students against a class capacity of 180 students. However, salary offers have gone up by 20 per cent this year compared to last year, according to an official of the institute..
Companies are largely offering sales profile to students from these B-schools. Companies in retail and e-commerce have also recruited students for retail and sales job. “Even if students find jobs on their own, we do not debar them from sitting for campus placements. For a B-school like ours, companies will pay a Rs. 240,000 per annum package. Students in any case, will switch jobs after six months, and hence companies do not want to offer a higher package,” said Atul Sharma, placement coordinator at Galgotias Business School, Greater Noida.
Pune-based Kirloskar Institute of Advanced Management Studies (KIAMS) has been finding it tough to attract some major sectors like IT, pharma and FMCG. According to an institute official, KIAMS has with much difficulty placed 50 per cent of its students so far, out of a batch of 122. “We are having a tough time placing our students in some of the sectors. Our efforts may continue till May end. So far, only 20-odd firms have come to our campus. Even the number of recruitments per firm has gone down this year,” the official stated on condition of anonymity.
Another such institute is Ahmedabad-based St Kabir Institute of Professional Studies (SKIPS), which all the major banks have given a miss this year. “Students are trying on their own; still the institute is hand-holding them. The overall placement scenario has mellowed down a bit for us. We are still hopeful as three more months are there for the placement season to get over,” said Ravi Gaur, dean, academics, at SKIPS.
“Most of these B-schools roll over their placement process till April. And after April, students graduate. So, there are many who will be asked to fend for themselves. Not to mention, these institutes will advertise a 100 per cent placement on hoardings across cities,” said the director of a top B-school in Greater Noida.
While the situation is far better at the Indian Institutes of Management (IIMs), they did acknowledge that recruitment per firm has gone down. Placement chairpersons at IIMs, on the condition of anonymity, said they had expected the situation to be bad. They did not wish to get quoted as placements are still on. The IIMs began their placements last week.
Source: Business Standard, February 22, 2012
Business Standard B-school Awards: Insurance scheme for poor bags top slot
A Rs. 2 health insurance scheme for rural India and a project on empowering cooperative banks through effective application of information technology — ideas that looked at tackling such problems received the thumbs-up from the jury of the Business Standard B-school Award 2012 held in Mumbai on Tuesday.
Arul Vel Arasan, a management student from the Indian Institute of Foreign Trade (IIFT), bagged the first prize for his idea to sell a Rs. 2 per day health insurance scheme for rural India. At present, Salem ,with a population of 70,000 is being considered for piloting this idea. Around 20 regions would be covered by 2017. This would be applicable only to people with monthly income above Rs. 4,000.
Aditya Kaul from Sailesh J. Mehta School of Management, Indian Institute of Technology (IIT), Mumbai, claimed the third position for proposing to solve the complexities of Asian Paints by using technology like SAP CRM. The jury, chaired by Ajit Balakrishnan, founder-CEO, Rediff.com, also comprised P M Murty, MD and CEO, Asian Paints; Roopen Roy, MD, Deloitte & Touche Consulting India; Rama Bijapurkar, marketing consultant; and J G Kulkarni, VP (Power Systems-Asia), Crompton Greaves.
Five participants who made the final cut from 135 entries from the country’s top business schools were earlier shortlisted by the jury, based on the criteria of innovation, rigour, thought, clarity and how implementable their project ideas were. Deloitte had done the initial shortlisting of 15 projects. Balakrishnan, who presented the awards in the presence of students, professors and deans of several business schools, said, “It is heartening that B-school students are looking at solving problems faced by the vast majority of Indians in rural areas.”
Sanil Bhatia of the SP Jain Institute of Management and Research (SPJIMR), Mumbai, and Tijo Eldho George of the Birla Institute of Management Technology, Greater Noida, NCR, won the consolation prize for their ideas on empowering the youth in Himachal Pradesh by guiding them and to make ideal NTPC citizens out of NTPC employees. An elated Arasan said, “I have seen people in rural areas suffer, as they were unable to afford their medical expenses. This was true even in case of simple diseases. I believe that this would help us to get into a whole new world, as in terms of health insurance our country is at least 100 years behind the developed nations.”
The third prize winner, Kaul, said a multi-modal interaction was not available in the existing CRM process of Asian Paints. Also, a central management facility that would capture all transactions was missing. “This prompted me to go for a SAP-based CRM process. Here, the SAP master data would be used by all processes.” The presentation emphasised incentivising customers for getting more data for CRM, customer account and ensuring that senior management implement it.
Source: Business Standard, January 18, 2012
FMCG sector tops MBA graduates wish list; Hindustan Unilever as most-preferred recruiter
The fast moving consumer goods (FMCG) sector has emerged as the sector of choice for business school graduates with Hindustan Unilever topping the list as the preferred recruiter, according to a Nielsen survey. Thirty six per cent students preferred a career in the FMCG sector. In its 12th year, the study took the views of 1,100 final year students from the top 35 B-schools in India in October-November last year. A majority of students also felt that FMCG has the highest growth potential.
After FMCG, top sectors of choice are management consulting, IT consultancy and services, investment banking, foreign and domestic banks, IT product and development, financial institutions, retail and conglomerates. Amongst the recruiters of choice, HUL was followed by Google, Aditya Birla Group, Accenture, McKinsey & Co, Infosys, P&G, BCG, Citi Group, Microsoft, TAS and Axis Bank. “With the FMCG growth in the country being driven by consumption, the sector continues to find favour with students who see it as a sector with huge growth potential,” says Nielsen executive director Dinesh Kapoor.
Nair says HUL has undertaken a lot of work to become the destination for the best of talent. “We are constantly identifying and grooming the next generation and leaders. We also invest a lot on training and mentoring talent,” she said. HUL won the number one position after a decade. HUL was also ranked the ‘dream company’ amongst B-school companies for the third year in a row, followed by P&G and McKinsey & Co. ITC also made it into the list of dream companies.
The average salary expectations of the students from their dream company remained the same as compared to the last year at Rs. 1.6 million per annum, reflecting students gave more value to their role and job. However, the salary expectation from a foreign company continues to remain almost double than that from an Indian company.
The 2011 Nielsen survey also showed that the top five dimensions students considered when it comes to seeking employment were high degree of independence at work, salary package, learning on the job, growth prospects and standing of the company in the market respectively.
Source: The Economic Times, January 11, 2012
Placement Season: Tier-II B-Schools to feel the chill
Consumer durables and electronics company LG Electronics has decided to go slow on hiring from campuses this year. The company is likely to hire only 20 candidates from management campuses this time, compared with the 60 it recruited last year. Like LG, a number of companies in the country may go easy on campus recruitments , in the wake of a slowing domestic economy and the global economic crisis. The tremors won’t touch the top management institutions such as the Indian Institutes of Management (IIMs), though. It’s the second rung-B schools that will feel them hard. Most of their students won’t land plum jobs this year. Not only are employers hiring fewer candidates this year, they are also deciding against an upward revision of salaries for B-school graduates.
Placements have begun at many such institutions, including Fore School of Management (FSM), International Management Institute (IMI), and ISB, Hyderabad. IBS, Hyderabad, for instance, has witnessed a drop in the number of jobs being offered by each company this year. “We are counselling students to be a lot more flexible in terms of salaries, roles and locations,” says Dean-Corporate Relations Srinivas Cheedi. The institute is hopeful of 150 recruiters participating in this year’s placements, compared with 130 last year, but believes the current placement season will be much slower. “The placements will drag on well beyond the end of the academic year,” said Srinivas Cheedi. “There is no change in salaries being offered this year,” he added. The average salary at IBS stood at Rs. 580,000 last year, while the highest was at Rs. 1.1 million.
However, some companies are tweaking the compensation structure by adding a larger part of the salary package to the variable, says an official familiar with B-school placements, who did not wish to be named. LG, for instance, is offering a fixed salary of Rs. 450,000, similar to last year. There is the bonus element, but it varies according to the candidate’s performance. “Some companies have offered salary packages that are less by Rs. 50,000 to Rs. 100,000 this year,” said a placement coordinator at a Delhi-based management institute , who too did not wish to be named. While it has been difficult to get organisations to look at an upward salary revision, a lot of recruiters have promised to look at revisions in the next fiscal, says Anita Lal, Chairperson – Placements, FSM. Yet, the institute is hopeful of a good placement season . “We have confirmation from as many as 93% of recruiters which visited last year and despite the slowdown, 11 new recruiters have confirmed their participation,” she adds. The average package at the institute was at Rs. 700,000 last year.
Cosmetic goods and toiletries manufacturer Emami plans to plans to hire up to 15 management trainees from various secondrung B-schools this year. The company also says it will follow the market trend while deciding on salary packages, although there won’t be any cutting back. “There will be an increased emphasis on variable pay,” says Krishna Mohan, CEO of Emami. Hoping that business will remain as usual , IT giant Infosys is planning to hire more candidates from top B-schools as well as second-rung schools this year.
The company says it will stick to last year’s salary offers, which were in the range of Rs. 650,000 to Rs. 1.2 million, depending on the role. “We plan to hire in the range of 1,000-1,500 candidates,” said a company spokesperson. Last year, Infosys had recruited about 1,000 candidates. Some institutes like IMI in New Delhi are tapping new companies to ensure the placement season ends well. “We are trying to increase the basket of the companies to achieve our objective of 100% placement,” says Satish Kalra, Dean of Placements.
Source: The Economic Times (Online Edition), January 3, 2012
Scorching summer for consulting at B-schools
From real estate to reverse supply chain management and from carbon credit to risk management, these are some of the consulting profiles being offered at B-schools during summer placement this year. While IT and banking, financial services and insurance are present on campuses, it’s the consulting sector which is increasing its penetration for summer internships this year.
“This year witnessed a rise in the number of consulting companies recruiting in good numbers,” says Yash Gandhi, a member of the placement committee at Jamnalal Bajaj Institute of Management Studies (JBIMS). “Accenture Management Consulting offered high-end roles to students in various projects. Some of the niche profiles included carbon consulting and real estate consulting by companies like Emergent Ventures and Jones Lang LaSalle (JLL),” says Gandhi and adds, “Fresh as well as popular profiles like reverse supply chain management and treasury consultancy are also being offered for internships.”
“About 35% of the participants opted to intern at FMCG companies, followed by IT (15%) and banking (13%),” says Abbas Ali Gabula, Deputy Director, External Relations and Placement Co-ordinator at SPJIMR. “Consulting (9%) and Investment Banking (6%) were prominent choices. Compared to previous years, consulting has been growing considerably during summer internships. Earlier, consulting was more prevalent during final placements. That does not seem to be the case today,” adds Gabula.
For the first time, Indian Institute of Foreign Trade (IIFT) has also seen consulting companies coming down to its campus from as far as Switzerland. At the Xavier Institute of Management, Bhubaneswar (XIM-B), it is not only the current financial scenario but also the growing need for strategic planners and consultants that has led to the growth of the sector, says Sabita Mohanty, faculty coordinator, Placements. “This year at XIM-B, too, the consulting sector has seen an increased presence,” says Mohanty.
Source: Business Standard, November 3, 2011
Slowdown over? MBA job offers suggest so
When a global financial crisis struck markets across the world two years ago, with several countries finding their economies in recession, MBAs from the finest institutions found job offers shriveling up on campus. But a global management education survey conducted in 2011, shows that the market for B-school graduates seems rather robust, with over 50% of students surveyed receiving job offers before they graduate.
The survey involving 4,794 soon-to-be-graduates from 156 management institutions worldwide, conducted by the Graduate Management Admission Council (GMAC), which runs GMAT, a globally accepted entrance test, found that 54% of B-school students had job offers before they graduated. This is a significant rise from last year. Only 32% of the final year batch of B-school students in 2010 had job offers before graduation.
But the optimism this year needs to be tempered with the fact that the figures haven’t yet touched the dizzying heights that they had reached in the year 2000, when 70% of all B-school graduates had job offers before graduation. But when compared with a slump in 2003, the upswing seems to be a lot quicker this time round. “I firmly believe that the current recovery is based on stronger fundamentals, as corporates are now more pragmatic after having learnt from the last few years,” says Madhukar Kamat, CEO and MD of the Mudra Group. Kishore Biyani, CEO of Future Group, feels that a sharper fall this time has itself brought positive change.
According to V.K. Menon, Senior Director, careers and admissions at the Indian School of Business, Hyderabad, MBA hiring patterns lag behind business cycles, both during an upturn as well as a downturn. “When there’s a downturn there’s a great deal of cost-cutting in companies, with employees losing their jobs. When the business cycle turns, there is some optimism, but companies are wary of taking any quick decisions, or hiring in a hurry,” says Menon.
Some, like Milind Sarwate, Group CFO and Chief HR officer at Marico believes that, both during an upturn as well as a downturn, there is an “over-reaction” when it comes to hiring patterns, with companies hiring more than they need on the one hand, and firing more than they need on the other. He too, feels that hiring patterns are a “lagging indicator of the economy.”
The good news is that the Asia-Pacific region has contributed the most to the job offers that candidates have received this year (67 %). “It’s but natural that Asia has fared well, as many Asian economies have recovered faster, and some never went through a stringent recessionary phase at all,” says Kamat.
“Clearly there are two worlds; while on the one hand, you have the developed countries where job creation is still an issue,on the other hand, you have the emerging economies in the Asia and Pacific region, where there’s still very strong economic growth,” feels Nitish Jain, President of the S.P. Jain Centre for Management, Dubai, Singapore.
Source: The Times of India, May 11, 2011
>Students make money while the sun shines
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The summer placements scene at B-schools is hotting up. A vibrant job market — the job speak index of Naukri.com says companies’ activities related to the recruitment stood at 1,085 in March 2011 against 900 in March 2010 — and war for talent acquisition has made India Inc dangle the fat pay cheque carrot even for the two month summer internship programmes at B-schools.
This has resulted in an over 20-50 per cent hike in the stipends offered to the summer trainees at B-schools across the country. B-school students, as part of their curriculum, intern with companies of their choice during the last semester of first year. The internship programme could be from six to eight weeks for which they draw stipends too.
“As the economy is coming out of recession, companies are confident of getting more business. This is one of the reasons why we have seen an uptake in the number of offers and hike in stipend. Companies are looking at summer training as a vehicle for final placement,” says Munish Bhargava, Corporate and Placement Advisor, Indian Institute of Foreign Trade (IIFT).
Delhi-based IIFT and Birla Institute of Management and Technology (Bimtech), have seen their average stipends increase to 25 and 51 per cent, respectively. IIFT has recorded the highest stipend at Rs. 150,000 this year.
“Companies are willing to pay higher stipend to get the best candidate. During the six-eight weeks summer training they watch the candidate for their aptitude and other skills,” said Professor Kanwal Nayan Kapil, Chairperson, Placement Affairs, Management Development Institute, Gurgaon. MDI has seen an average hike of 34 per cent in stipend this year. While the highest domestic stipend at the institute was Rs. 150,000, the highest international stipend touched Rs. 400,000. Last year, MDI students didn’t get any international offer. The average stipend was Rs. 63,000.
B-school candidates who successfully complete the internship programme are also made pre-placement offers or PPOs from companies. At the premier Indian Institute of Management Lucknow (IIM-L), the institute has seen a 75 per cent increase in the number of offers made by companies against previous year. During final placements companies which get an earlier placement slot, get to pick up most of the students. Thus many companies are left with no students to recruit. Summer training is a good vehicle for final placement for such companies.
Deepa Mohamed, Group head, HR and Training at investment solutions company SMC says, the company prefers to go for summer internships as it gives it access to a bigger talent pool. “We can access the students during the internship and judge whether they are best fit for the company,” says Mohamed. This year, SMC made summer training offers to three students.
However, Mohamed thinks Indian companies are still conservative when it comes to offering good stipend to B-schools other than to students from IIMs. For IT services solutions firm, Cognizant, summer internship program is so important that it has created an event called B’hive to test interns’ competitive spirit. B’hive, provides a platform to interns to meet Cognizant senior management and network with their alumni currently with Cognizant.
Source: Business Standard, May 5, 2011
>Business School students all set to enter Bollywood
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After management guru Arindam Chaudhari, who created a mark in film production with “The Last Lear” and “Do Dunni Chaar,” a group of business management students at one of the premier B-Schools in the country are ready to follow suit. Friday Night Productions, a venture of students at Indian School of Business, is all set to debut in the hindi film industry with “Buddha in Traffic Jam,” a mainstream political thriller, based on the life of a business school student Vikram Pandit.
“It is always believed that business students have nothing to do with film making. But right from marketing and raising money for the film to its promotion and publicity classifies as a job of a business management student. Also, we are no less in creativity,” Ravi Agnihotri, one of the student members of Friday Night Productions told PTI.
With a star cast that includes veterans like Anupam Kher and Pallavi Joshi, along with actors Arunoday Singh and Mahi Gill, “Buddha in traffic jam” went on the floors in February this year. “We have not just raised the money for the film but have also ideated upon the script. We were working over the project since June last year,” informs Agnihotri, who further says that his journey has been great so far.
“We look at film making as a business, which is profitable and sustainable as it has a great entertainment value,” adds Agnihotri. In the trend set by blockbusters like “Rang De Basanti” and “3 Idiots” to highlight a social issue in the set up of college, brimming with youth, “Buddha in Traffic Jam” brings to celluloid the problems of intellectual terrorism, contemporary naxalism and political nexus in the backdrop of a college set-up.
The story of Vikram Pandit, a student of the Indian Institute of Business, reflects different problems faced everyday by the deprived in India. Vikram offers a modern day solution to all of these nuances. Directed by “Chocolate” fame Vivek Agnihotri, “Buddha in Traffic Jam” film, says the students presents a radical business model that can effectively replace stagnant policies to deal with the social, economic and political problems in the country.
Source: The Economic Times (Online Edition), April 7, 2011
Higher Education News and Views 