IIT Jodhpur announces the establishment of ‘School of Management & Entrepreneurship’ (SME). From July 2020 several academic programs, including MBA will be starting under this entity. The highlight of the school is the Tech-MBA course. It remains a two-year program, where first-year will be devoted to foundation courses and the full second year will be available to earn specialization into cutting edge areas. The school will offer specializations in two directions that are in traditional areas to earn a regular MBA degree, while tech courses to earn Tech-MBA degree.
IITJ is one of the second generation IITs established in 2008. To capitalize on the changing and current trends in the market place, the multidisciplinary School of Management & Entrepreneurship (SME) has been established. It aims at providing a unique proposition to and complement already existing technology programs.
SME will offer candidates an opportunity to earn dual degrees and joint degree. There would be multiple options to the candidates like regular MBA, Tech-MBA, modular MBA, and International MBA (Joint Degree and Dual Degree) all of which would be aimed toward building socially responsible corporate leaders.
The structure of the MBA programme will be Year-1 core courses + Year-2 specialization courses. Specialization will go in two directions – one, in all functional areas and second, in technology areas.
Talking about the placements, so far, the package for undergraduate placement has been around 12 LPA. It is hoped that Tech-MBA will attract high profile recruiters offering a package of 20 LPA. Semester scheduling has already been synchronized with the recruiting cycle of corporate world.
The new school is also going to have several distinguishing features that would differentiate it from the rest. Like value proposition, school with adequate autonomy, corporate centric culture, internationalization, international accreditation, innovation & entrepreneurship, management development program and deepen engagement with alumni.
Reasons to have a Management discipline at IIT Jodhpur:
First, any sort of economy slowdown will never affect the top tier institutions like the IITs.
Secondly, there are at least 5,500 B-schools in operation now, as per ASSOCHAM report (2016), offering a total of 5,20,000 seats. However, they produce only a handful sub-par graduates, accept for some top business schools like the government run IIMs, IITs and few others.
Thirdly, there is a mismatch between MBA being produced and the needs of the corporate world. There is a need of specialized MBA graduates.
Because of the above, IIT Jodhpur will be on the right track by responding to a clear demand for MBAs having adequate specialized knowledge and understanding of scenario around the industry.
Today IITs are better positioned to respond to changing needs than a stand-alone B-School. MBA in any IIT campus will be rightly complimented by the existing academic unit like Computer Science, Communications & Smart Technologies, AI & Robotics, Manufacturing & Industrial Engineering, and Mathematics.
Some of the current trends that IITJ aims at capitalizing via SME are the trends like businesses operating over digital landscape especially the ‘internet’ and Innovations. Also, there are other major arenas like opportunities of the digital economy, startups, and government programs.
