Management education is in vogue today.Student generaly pursue those courses which promise them better returns on investment.Management course is one of such courses.Not only it offers better returns,but also opens up wide range of industrial sectors to make career.
This course is considered as professional course.One aspect of qualifying for being called as professional course is that one needs to practice it after completion.
Big question is how many management graduates who pass out every year are in a position to apply their learnings in practical field.Industry values management students at higher levels as compared to plain graduates.This additional value is being paid for broad perspective that management graduates gain during their course which they are supposed to translate into more revenues or less cost in practical field.But the fact of the matter is that most of the management graduates are not in this position.
We can not blame students solely for this situation.Real culprit is design of management course .Most of the institutes rely more on theoretical inputs coupled with minor practical assignments.Minor practical assignments include live projects,case studies and 2 to 3 months of summer internship.Summer internship programmes of 2 to 3 months offer just a trailer of a long movie called as “Corporate Jungle”. Corporate world also looks at this kind of internship as more of a formality.This approach doesn’t offer students enough opportunities to prepare for real life corporate battles.This approach does not bridge the gap between manpower requirements of the industry and available resources.
Need of the hour for students is to spend more time in the industry in the chosen fields.As the duration of on the job training is long in such cases,students will be given specific responsibility.They will be accountable to perform more efficiently and effectively.During the course of on the job training, students will face real life situations.They will be compelled to use their classroom inputs to do job in a better manner.Students will be in a better position to relate management course to practical world.
Any job requires proper framework of knowledge,skills and attitude.This long duration of training will not only enhance knowledge,but also develop skill sets which are badly required by the industry.
Also after taking admission in management course, students tend to develop unrealistic expectations.After completion of traditional course, they find that there is a wide gap between expectations and reality which results into disillusion.Long duration of on the job training as a part of curriculum will bring down these expectations to realistic levels which will help improve job satisfaction.
On the job training of long duration as a part of course curriculum will add tremendous value for which corporates are ready to pay higher amounts.One cannot expect a soldier who gets only theoretical inputs about use of weapons to actually fight real life war.No patient will go to any doctor who refers to books during treatment.That’s why management institute should be chosen keeping in mind requirements of industry in terms of knowledge,skills and attitude.