The ever growing demand for B-school faculty with PhDs in India presents us with an opportunity to develop a new and more relevant model of doctoral education - one that uses scarce resources more wisely and better answers the needs of both candidates and institutions alike, argues Professor Phanish Puranam. A longer version of this article was published in two parts in “Indian Management,” an All India Management Association (AIMA) journal.
Doctoral education in management in India is in crisis.1 There are about 4,000 business schools in India today, with estimated faculty strength of 30,000.2 While a few hundred schools may have recently shut down, the available data indicates that the number of management institutes in the countr y is growing at a compounded annual rate of about 15%. These schools collectively have the approved capacity to offer postgraduate degrees in management to about 350,000 students ever y year. If the All India Council of Technical Education (AICTE) mandate to maintain a student to faculty ratio of 15:1 is taken seriously, and assuming a two-year programme, then we are already looking at a shortfall of about 16,000 faculty members. The AICTE norms for faculty positions at management schools also require that professors and associate professors together make up a third of the faculty strength and that they should all have PhDs (or equivalent qualifications). Thus, there is no dearth of demand for management faculty with PhDs.