Residential B-Schools will assure academic success
Services sector generates maximum income and output for most of the economies around the world. Moreover size of the services sector in the Indian economy is significant in global scale and is expanding at a faster pace. Although international trade in services is growing at a faster rate than that of goods, India’s share in world trade in services is just a little over three per cent. It may be due to India’s vast domestic market, which absorbs most of the output of the services sector produced in the country. Moreover logical problem of trading services internationally exists in the country.
Although the services sector has gained substantial share in the major economies, services trade has not displaced goods trade in terms of volume. In this context, absence of liberalization of services sector is taken to be the main reason for slow growth of international trade in services. Infrastructural constraints in many of the developing countries prohibit small services providers to take full advantage of the flourishing trade of services in the world. Research findings reveal that by 2020 customized management education will emerge as one of the key employment sectors in the country.
There is nothing more dangerous than creating unemployable youths. Education should focus on expansion, equity, excellence and employability. From 1947 the literacy rate in the country has grown from 17 percent to 74 percent; Women’s literacy from 8.9 percent to 65.5 percent. The number of students pursuing higher education increased from 4 lakh to two Crore. Number of Universities from 30 to 648 and number of colleges from 700 to 35000. With opportunities transcending barriers of caste, religion, gender, ethnic divisions and distance, education sector has achieved equity in some measure. But the country requires more educational institutions of excellence.
Employers complain that graduates produced by some of our educational institutions are unemployable. A few top companies hold long training programmes for recruits to make up for the deficiency they have had through poor education in colleges. Knowledge of English was a passport to economic, social and educational advancement. If our students do not learn English they will have the real disadvantage in future. In this situation residential education programmes will facilitate better employability characters including English proficiency among the students.
Recently Business Schools are focusing on residential programmes. The management education experience is more than attending classes—it’s about having a sense of community, and feeling that the place where you live for two years is truly your home. There are many benefits to students living on campus. Studies have shown that students who reside on campus receive direct benefits related to individual academic success when compared to off-campus counterparts. By living on campus, students’ current and future academic lives are greatly impacted. They are more likely to participate in campus learning communities and are more likely to have interaction with faculty through campus study groups and special lectures which will enrich their experience beyond the classroom setting. Moreover it has been shown that students living on campus tend to earn better grades and have retention rates than their off-campus peers. These students are timelier in their graduation and more often go on to Universities for advanced studies and research. Living on campus gives students an academic edge by earning higher grades and promotes their future growth by helping them stay connected to the college environment.
Campus housing effectively integrates learning and social development by providing students the opportunity to form an identity or a sense of community with the institution. Students who live on campus generally participate in more campus activities, take advantage of campus resources, and are more involved in leadership experiences. They tend to have a better understanding of self, experience positive changes in values, have higher self-esteem, and are more satisfied with their experience. On-campus residents are more likely to avail themselves of campus recreational areas, campus facilities, and campus support systems.
Many students find that living on campus is much more convenient since they don’t waste as much time for travel. This helps them to maintain a more healthy lifestyle than their off campus counterparts. Because of convenience, access, and the highly structured and supervised environment in which they live, most on-campus students take greater advantage of campus services. They generally interact more with faculty and student mentors. They often take greater advantage of academic support services including mentoring, advising, personal and academic counseling, career workshops, faculty mentors, etc. In general, high speed connectivity (including wireless), computer labs, and similar services are more readily available and at a lower cost to those living on campus. On-campus students often have an increased level of accessibility to public safety and security resources, thus lessening safety concerns.
On campus life will provide a maturing experience and turn adolescents into young adults and through the unique experience—living with different people, participating in activities and athletics. Most of the students of residential B Schools can get access to a professor or two as mentors who plays a role in shaping the life. Campus living will provide the students the opportunities for Experiential learning where in students learn and retain more when they apply what they hear in the classroom through experiences in real life. Students will get access to volunteer in the community, work along scholars to do research, and study abroad.
The campus design serves to strengthen the sense of community at the School, with the belief that the daily interactions of residential life only increase the potential for learning. More than 80 percent of Harvard Business School (HBS) students live on campus in dorms or apartments and enjoy the convenience of being steps away from any campus activity or resource, and offer several on-campus options. More than one-third of students reside in five on-campus residence halls, managed by HBS Housing. Because of high demand for residence halls, on-campus housing is assigned through a lottery. Harvard University Housing offers furnished, unfurnished, pet-friendly and non-smoking apartments on a fixed-term lease basis and does not require a security deposit or finder’s fee.