_20241111125939_original_image_38.webp)
As the hustle culture becomes a defining feature of modern corporate life, one must ask: Are business schools adequately preparing their students for this relentless pace? With an ever-diversifying workforce, technological advancements and global business dynamics, the expectations placed on fresh graduates are evolving rapidly.
The transition from academic environments to corporate settings often reveals gaps in preparedness. Many companies report that fresh graduates, though academically equipped, lack the practical skills needed for immediate impact. According to a report by the Association to Advance Collegiate Schools of Business (AACSB), 73 per cent of employers feel that graduates are not fully prepared for the workplace. This raises questions about whether current business school (B-school) curricula align closely enough with real-world demands.
Fostering Soft Skills
While technical skills are crucial, the importance of soft skills cannot be overstated. Communication, leadership, teamwork and problem-solving are pivotal for navigating the complexities of corporate life. According to LinkedIn’s Global Talent Trends Report, 92 per cent of talent professionals and hiring managers state that soft skills are equally or more important than hard skills.
Business schools have recognised this need, incorporating soft skills training through workshops, case studies and simulations. Yet, are these enough to simulate the high-pressure scenarios graduates will face? Effective soft skills training should not only be part of the curriculum but integrated into every facet of the learning experience, preparing students to thrive under pressure.
Ready for an AI-Driven World?
With AI and automation transforming industries, tech proficiency is no longer optional. Courses in data analytics, machine learning and AI are becoming standard in many B-Schools, equipping students with the skills to work alongside advanced technologies.
However, the challenge remains whether these programmes are keeping pace with the rapid evolution of technology. Are students being taught cutting-edge practices, or is there a lag in the adoption of new tech into the curriculum?
“Tech proficiency has become essential, but its implementation in education needs a fundamental rethink. The current challenge isn't just about teaching specific technologies but creating a culture where students understand how digital solutions drive business value. The lag in curriculum adoption stems from treating education related to technology as traditional IT implementation rather than as a tool for business transformation. Educational institutions must shift from rote learning to experiential learning, where students engage with real-world problems,” highlights Shruti Tandon, MD – People Enablement, Nagarro.
Closing the Theory-Practice Divide
Internships, live projects and case competitions are integral to bridging the gap between theoretical knowledge and practical application. These experiences provide students with a taste of real-world corporate challenges.
“Internships can vary greatly in value, depending on the organisation, the caliber of the mentor and an intern’s commitment. The responsibility of designing a high impact internship lies with the organisation. They should be well-structured, offering practical experience and real projects to develop relevant skills and insights into the field chosen by the intern. If this is set right, then the ultimate outcome of an internship depends on the intern's effort and initiative,” notes Radhika Chengappa, Director- Learning & Talent Development, APAC, AtkinsRéalis.
Yet, the effectiveness of these experiences often depends on their structure and the level of responsibility given to students. Are internships providing enough depth, or do they often become just another line on a resume? Effective experiential learning should push students to take on significant responsibilities, fostering a deeper understanding of corporate demands.
Preparing for the Psychological Toll
Hustle culture, while promoting high productivity, often leads to burnout. The corporate world’s demands can take a toll on mental health, making resilience and stress management critical skills. B-schools are increasingly incorporating wellness programmes, mindfulness sessions and mental health resources.
“The classroom provides a foundation, introducing students to models and frameworks essential for understanding various aspects of business. However, the transition from theoretical knowledge to practical application can reveal unexpected complexities. Throughout the course, it’s equally important for students to focus on understanding the ‘why’ and ‘when’ of any concept. While the ‘how’ will develop with experience, a solid grasp of ‘why and when’ builds confidence and clarity,” comments Shobhita Jaiswal, Senior People Business Partner, Yara India.
Jaisal adds, “A well-rounded curriculum could also include a ‘campus to corporate’ module, emphasising collaboration, communication, agility, stakeholder identification and management skills. This would not only boost students' confidence but also better prepare them for future challenges.”
While these initiatives are beneficial, they must be deeply integrated into the school’s culture, not treated as add-ons.
Navigating a Diverse Business Landscape
In an interconnected world, cultural competence is essential. B-schools are incorporating international business strategies and encouraging global exposure through exchange programmes and collaborations. Understanding global markets and cross-cultural dynamics is vital for modern business leaders.
However, the challenge lies in whether these initiatives are sufficient to provide a nuanced understanding of global business complexities. Are students getting enough practical exposure to different cultural contexts, or are these programmes too superficial?
“Students entering the workforce must be prepared to navigate and collaborate across diverse cultural environments. Practical exposure to different cultural contexts is crucial for developing cultural sensitivity and adaptability. B schools can drive this agenda through several initiatives including collaborative projects with global universities, analysing case studies on global businesses, exchange programmes and diversity and inclusion training,” shares Nivedita Nanda, Chief People & Culture Officer, ISS India.
Instilling a Lifelong Learning Mindset
The rapid pace of change in industries means that learning doesn’t stop at graduation. B-schools need to instill a mindset of continuous learning, encouraging students to stay updated with industry trends and acquire new skills.
“Today’s graduates enter the workforce with curiosity and an eagerness to explore various roles as opposed to singular career paths. Rather than following a linear career trajectory, they are motivated by experiences that broaden their understanding and skills. To truly cultivate a mindset of long-term career adaptability, B-schools should embed programmes that expose students to multiple functions within organisations. Such initiatives allow them to experience firsthand the value of growth within a single company, which can often prove more enriching than pursuing constant external moves,” explains Santana Ramakrishnan, CHRO, ZEISS India.
The evolving demands of the corporate world place a significant onus on B-schools to adapt and innovate their approaches. This reflection is critical for shaping the next generation of leaders who can thrive in the fast-paced, ever-changing corporate world.
