Stansfield plans 20 business schools

The Singapore-based Stansfield School of Business is contemplating a major foray with an investment of Rs 170 crore. The Stansfield Group is planning 20 business schools in the country during the next three years. The business schools will come up in Delhi, Kolkata, Mumbai, Ahmedabad, Bangalore, Hyderabad, Thiruvananthapuram and Bhopal.

Good News!!!

After the mushrooming of private engineering colleges in Southern states and now all over India, its the turn for the B-Schools now. Clearly with so many engineers working all around managers are needed to manage them. And as most of the elite B-school passed outs cant be hired by the Indian Companies, they will take recruits from these very colleges. Indian Economy is booming so placement wont be a problem and Stansfield would definitely create a brand, if not as powerful as ISB then atleast better than the second grade B-Schools. We all look at International brands with respect and Chennai Business School has already started advertising for the coming session with a one MBA year course much like ISB.

In engineering the private colleges have not been able to create any powerful brand, Amity is still looked with suspicion and the entrance tests to most of private colleges are conducted by state boards which leads to doubt about the quality of the passed out grads. But in B-Schools for admission everyone asks for the CAT/GMAT score which leads to standardization. This year Chennai School of Business has asked for CAT/XAT/GMAT score, it will select a few, probably those who have a higher percentile or GMAT score and it will get a ranking based on the minimum score it takes. Next year all those applying to say MICA/TAPMI will also apply to CSB as last year people with percentile score of say 94 were selected at CSB.

What will happen is yet to be seen but India needs more of world class B-Schools and we hope to see some them coming in the next 3 years.