Arvind Rangaswamy Presentation at Thinkers50 India
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Rethinking the Quality of India’s Higher Education System Arvind Rangaswamy August 30, 2013
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Thinkers50 India is a joint initiative of Institute for Competitiveness, India and Thinkers50. Institute for Competitiveness, India is an international initiative centred in India, dedicated to enlarging and purposeful disseminating of the body of research and knowledge on competition and strategy. Institute for Competitiveness, India conducts and supports indigenous research, offers academic and executive courses, and provides advisory services to the Corporate and the Governments. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities and thus generates guidelines for businesses and those in governance; and suggests and provides solutions for socio-economic problems. Created in 2001 by Stuart Crainer and Des Dearlove, the Thinkers50 was the first-ever global ranking of management thinkers. In the intervening decade, the scope of Thinkers50 has broadened to include a range of activities that support its mission of identifying, ranking and sharing the best management thinking in the world. Today, Thinkers50 is widely recognized as the world’s definitive ranking of the top 50 business thinkers, and the T50 Distinguished Achievement Awards are widely regarded as the “Oscars of management thinking.”
Transcript of Arvind Rangaswamy Presentation at Thinkers50 India
Rethinking the Quality of India’s Higher Education System
Arvind RangaswamyAugust 30, 2013
Background
Quality of India’s Higher Education
Some Ideas for Enhancing Faculty Quality
Agenda
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Penn State at a Glance (2012)
Land grant public university – ranked in the top 50 universities of the world
13 colleges at main campus; 24 campuses
Operating revenue of $4.67 billion; 778 million in direct research expenditures
96,560 students currently enrolled; 728,933 degrees conferred to-date since 1861
6,060 full-time faculty; 3,173 at main campus
11,984 students enrolled online in 20 different UG and 42 different graduate degree programs
4
Roles of a Modern University
Knowledge Generation
Knowledge Dissemination
Knowledge Branding/Credentialing
Knowledge Monetization
5
Quality of a University
Quality of students
Quality of faculty
Quality of the educational experience
6
Realities of Faculty Talent
Production of new faculty is not scalable -- shortage in the market
Global market for talent
Quality is non-additive
Multiplier effect of high-quality faculty
A top university is a unique aggregator of faculty talent
7
Some Suggestions
Expand “National Professor” program or establish similar program
Establish summer Visiting Professor program for top scholars from abroadHire talented administrators from abroadInstitute stronger, uniform faculty evaluation systemPartner with companies to support thought leaders/professors.
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Evaluating Faculty Research
Quality of research publications
Impact of research (citations)
Visibility in the field
Quantity/productivity
Source: Adapted from The National Center for Higher Education Management Systems
EconomyState and local Governments
Donors and Foundations
Federal Government
Financing of U.S. Higher Ed
Students UniversitiesTuition and fees
Scholarships
Appropriations/GrantsStudent aid
Student aid Research grants
Number of students
Tax and other revenue
EndowmentsGifts
Source: Adapted from The National Center for Higher Education Management Systems
EconomyState and local Governments
Donors and Foundations
Federal Government
Role of Private Sector
Students UniversitiesTuition and fees
Scholarships
Appropriations/GrantsStudent aid
Student aid Research grants
Number of students
Tax and other revenue
EndowmentsGifts
Private sector
Job opportunities
Projects, Grants
Auxiliary services
Tuition and fees $1,508.8 (32.7%)
State $261 (5.7%)
Sponsored research (Govt. & Private) $837.2
(18.1%)
Endowment income $130.7
(2.8%)
Medical center $1,261.7 (27.3%)
Other $616.7* (13.4%)
Penn State Revenue Year Ended June 30, 2012 ($4.60 billion)
* million
Tuition and fees $741 (19.6%)
Endowment used for operations $1,200 (31.7%)Current year gifts
$277 (7.3%)
Sponsored research
$852 (22.5%)
Other (rentals, royalties, etc.) $570* (15.0%)
Harvard University Revenue 2010-11 ($3.78 billion)
* million
