The number of women applicants for one-year MBA programs in India is rising as more women embrace the vast potential professional gains offered by the degree. At the same time, more companies are also looking to women MBAs to take on major leadership positions.
Said Dishan Kamdar, deputy dean, Academic Programmes at the Indian School of Business (ISB), “We have the largest pool of women students in India, and this has been increasing. On the one hand, there is more awareness and willingness among women to reskill and chart out a growth path. On the other, companies are realizing the need to tap the well-qualified women talent.”
Echoed Biju Paul Abraham, dean of the Indian Institute of Management (IIM) Calcutta, “Firms are increasingly aware of the need for greater diversity. Also, with the new Companies Act on the mandated need to have at least one woman on board, firms are looking at promoting women in leadership roles that is leading to the need for upgradation of skills.”
Tapping into Talent
Not only are more women seeking out business degrees, but they’re also more career-minded than in the past. D Rajiv Krishnan, partner, Ernst and Young, told The Economic Times, “There’s a growing trend of women taking a second MBA either from a global business school or a premier institute in the country. For instance, there are cases where an HR person has reinvented herself as a marketing or strategy professional. “Women are aggressively going for better and better quality. They are very conscious about their career and growth path.”
American business magnate Warren Buffet once said, "We've seen what can be accomplished when we use 50 percent of our human capacity. If you visualize what 100 percent can do, you'll join me as an unbridled optimist.” As the business world increasingly comes around to this way of thinking, insiders predict that demand for the skills and talents of women in business will continue to grow moving forward.
While non-banking sectors are increasingly appealing to MBA grads while others are expected to come on strong in the future, the latest data shows tha...