Need of Business school in Nepal

Economic development of the country depends upon the growth of business and business activities. And business growth directly depends upon the qualified business graduates who can found or run a business well. But the backbone is business school and Nepal lacks that.

Normally every country had its reputed business school whose product can act as economic catalyst. Let’s take the example of Indian Institute of Management (IIM), Indian Institute of Foreign Trade (IIFT) and Indian School of Business (ISB). These are only example and the products of these business schools are really incredible to lead a business. We can take the example of the CEO of Asian Paints Nepal, who is IIM (Ahmadabad) graduate and there are many more to name.

Lets take the example of business heaven i.e. USA. Wharton Business School, Kellogg School of Management, Harvard Business School, Stanford school of Management and many more. Now a days the product of these schools are leading the world business. Millions of people dream to enter these business schools and after graduation they come outside to lead, to make difference.

In Europe INSEAD is referred as Harvard Business School and there are another business school such as EDHEC in Paris, London Business School (LBS), ESADE France etc. These schools are world renowned. To get admission in these schools only academic excellence is not enough but also leadership skills and many things to consider.

In Nepal there are lots of schools and colleges offering business education but have we ever heard that any company had visited Shanker Dev campus which is consider as Business School of Nepal, and offered any job? Have we ever heard that students of Nepal Commerce Campus got scholarship in Harvard and Stanford? Never and it will not happened in future if the trend is same.

Above mentioned business schools have long tradition of quality education and best products. So to keep their reputation and tradition they have strict admission procedure. But in Shanker Dev Campus and Nepal Commerce Campus student union decides who will get admission and who will not. Admission is the main agenda of student politics and if someone does not get admission union announces strike which spoils the others lives. During these days I had opportunities to interact with students from IIM, IIFT and professors of Wharton and Kellogg business schools and the methodology they use to teach and experience they share really help to develop future business leaders. Students themselves are really eager to learn and they can even contribute to the learning process while teaching. They always discuss the real time business problem and get solution as well. When I was in Shanker Dev, I had heard about Harvard and Stanford and other business schools. And I used to think that what kind of “Jadibuti” they eat or they feed to the students that they will become the world’s leaders? But after meeting some students and some teachers I got to know that they teach no books they teach reality and they teach to solve the problem. In classes they discuss the cases and make presentation to learn from the cases. Group work and group discussions are other major tools to teach. During group work students learn how to work with group and how to develop leadership skill. Further one major thing is cross cultural learning environment. In foreign business schools there is real world. Students can interact with Asians Europeans .Americans and Africans and learn from their experience. In this way students develop their skill which they apply in business to make difference.

In Nepal Katmandu University and some private business institutions have been offering graduate program in business of still it is not so effective. Tribhuvan University, being the largest and government university it should opt for the establishment of business school which will produce qualified business graduate. It should start from the beginning i.e. designing of course and entrance procedure. Current entrance procedure either should be eliminated or improved so that only cream students get admission and no political pressure from either side. In Shanker dev Campus and Nepal Commerce Campus we can see the huge number of students in one class which makes the learning environment worse. In one class there should be not more than 30-40 students so that teacher student contact can be made and both side can contribute the learning process. Curriculum should be based upon the real world problem. If one students is doing major in Marketing school should teach how solve the marketing problem of products. If the student is doing major in Finance then school should teach real banking problem, share market problem and other financial problem. In Nepal, even in whole 2 years, Masters students do not get chance to visit one company, stock exchange or any other corporate world. Then what can they learn after joining the business school? Nothing. After graduation when they get job, the company should provide training from the very beginning. Then what is the need of these business schools? Now a days, graduates of our business schools are searching for job taking their certificates in hand and corporate world are denying offering them job because they do not know the business. They only know the book

There is a proverb, “It’s never too late”. We can improve and we should do that. If Government University can not do that private sector should do that. After all business schools are making also profit and it is also a business. So corporate world another business opportunity is knocking your door. There is burning example near to you that is Indian School of Business whose total fee for the course is around two million INR.