says Deepak Singh in his book ‘How May I Help You: An Immigrant’s Journey From MBA to Minimum Wage,’ published in 2017 by Penguin Random House India. The book is primarily about how his MBA degree did nothing to help in his jobs in America.
The revelation does not come as a shock because the traditional system of education followed in India, produces nothing but generations of rote learners! It is perhaps the reason why very few graduates or even MBA degree holders ‘make it’.
Assocham (The Associated Chambers of Commerce and Industry of India), in its 2016 study, points out that only 7 percent of MBA graduates from India get a job. The reason? The study blames a lack of quality and infrastructure in the management education sector.
In the traditional pedagogy, the learner is completely dependent on the teacher, where the learner remains an inactive component. Sadly, this is the real picture in schools across the country, even in the digital era. What is shocking is that even for adult learners, including management students, the traditional pedagogy is followed even today. This is why a paper published in the June 2018 issue of IIMB Management Review stands relevant.
The study interviewed 313 postgraduate business students on their preferred way of learning. It was not surprising to find a majority preferred andragogy over the traditional pedagogy, which means they wanted a learner-centric process rather than a system that put the teachers in the driving seat and expected the students just to nod along.
It is high time that we shift from conventional teaching and learning procedures to a more evolved and broad process which will look at learning as a means to create a new generation of empathetic, responsible, thinking and socially aware students. It is time to shift the focus from textbooks to the real world where learners would know how to deal with this world smartly and efficiently.
This will happen only when our education system, especially the institutions focused on higher education, will allow students to analyze, think and decide rather than resort to rote learning to score an A+ grade, but be severely unprepared for the more practical world!
Given the pace at which the world is progressing, there is an even greater need to do away with traditional methods of learning. The World Bank data in 2017 ranked India as the sixth largest economy globally, even outdoing France. The Indian Government’s goal is to reach GDP of $10 trillion by 2030. India with a median age of 32, will also be one of the youngest countries in the world. This means that the world will be looking at India for skilled talent!
What we need is holistic education that will work on a two-pronged approach, one that is job-oriented and the other, instilling social and community responsibility in students who are capable of giving back to society.
Companies need students who are better prepared for a global career, while students are on the lookout for a pedagogy that is less theoretical, and more practical! Having a non-traditional pedagogy that focuses on building skills and imparting practical knowledge helps solve a lot of problems!
A traditional pedagogy focuses on theoretical education, and not on experiential learning. Companies today are in the need of smarter students, who possess the necessary skills such as management skills, negotiation skills, and most importantly, ‘people’ skills such as communication and collaboration.
This can be achieved only with an education system that doesn’t just include theoretical learning, but also incorporates practical experience and exposure to the real working environment.
Restricting education to the four walls of a classroom, or even a particular country doesn’t really bode well to an increasingly global world. Businesses are no longer restricted by boundaries, and they need employees who have a more global world view.
Education programmes such as multi-country programmes can help students gain greater exposure to how economies operate in different countries and also experience collaborating with people from different cultures. This cross-cultural experience goes a long way in equipping students with the skills needed for a global career.
Regenesys Institute of Management, a part of Regenesys Business School, one of the premier business schools in South Africa, is renowned not just for its excellence in education but also for its valuable contribution to society, and the industry.
The concept of all-round education is the premise of two of its most popular management programmes, the three-year, International Leadership Multi-Country BBA and the two-year International Leadership Multi-Country MBA programme. The programmes allow students to study management in two countries, thereby exposing them to a foreign culture, and its various other aspects such as teaching methodologies, way of life, language, etc.
The BBA programme is one of its kind since it allows students to study in two countries, earn two prestigious degrees and an excellent experience to embark on an exciting journey to help them lead a great professional as well as a fulfilling personal life.
The MBA offers two qualifications, PDBM and MBA, which allow students the much-needed international exposure. These programmes, in addition to providing internships and placement assistance, also prepare students to work in a global as well as Indian work sector with expertise and confidence.
The innovative concept pioneered in management education, pioneered by Regenesys, is the right step in bringing about the much-needed revolution in higher education in India. It is also a practice that is worth emulating.
What makes the Regenesys education unique is that it deviates from the conventional management education process that focuses on just theory, exam, internship, and job, strictly in that order.
This distinctive style of the learning process is what helps in creating leaders and managers and not just management graduates. The course also emphasizes on community-based learning that motivates students to involve themselves in the development of the community.
The business world is now undergoing several reformations and world businesses are now also focusing on philanthropy. What new professionals need in addition to IQ are emotional Intelligence and spiritual intelligence. Regenesys is one of the few business schools in the world that focuses on all three aspects needed for wholesome education!
To know more about Regenesys, head here!
Written by: Dr. Richa Arora, Group CEO and Director at the Regenesys Institute of Management.