As per the National Education Policy (NEP) 2020, Knowledge creation and research are critical to growing and sustaining a large and vibrant economy, uplifting society, and continuously inspiring a nation to achieve even greater heights. Research is needed to tackle the challenges of climate change, population dynamics, and management, expanding the digital marketplace, and the rise of AI/ML. High-quality interdisciplinary research is the need of the hour that must be done in India and simply cannot be imported or adapted if India is to become a leader.
MDI Gurgaon is known for its excellence in research with several notable alumni serving the industry and academia in this spirit. Scholars are working in the areas of Diversity & Inclusion, Industry 5.0, and Sustainability to develop new theoretical frameworks that can be adopted by practice to come out with new solutions. India is also facing a shortage of qualified faculty members in its top universities and management institutions. A report from the HRD Ministry revealed a large number of vacant faculty positions in IITs, IIMs, and other government-funded institutes. Meanwhile, 40% of faculty positions are vacant in-state public universities.
While a strong academic foundation is crucial, a PhD is often the defining factor in securing a faculty position. NEP 2020 has enabled such guidelines to encourage bold experiments that will help accelerate India’s STEM journey. UGC now encourages undergraduates to take up a PhD in any area of their choice, irrespective of their UG degree.
While a PhD is often associated with academia, its value, particularly in management research, extends far beyond university walls.
A PhD isn’t simply a ticket to becoming a professor; it opens doors to a wealth of opportunities. Think of prestigious consulting firms, influential multinational corporations, cutting-edge research organizations, and impactful government advisory roles. Why? Because a PhD in management equips you with highly developed problem-solving, analytical, and leadership skills – skills that are incredibly sought after across diverse industries.
But the benefits go even deeper. A management PhD provides the unparalleled opportunity to drive innovation in business practices, contribute meaningfully to sustainable business, and play a critical role in shaping public policy and global business strategies. It’s about becoming a leader in your field, impacting real-world change, and pushing the boundaries of management knowledge. In short, a management PhD isn’t just a degree; it’s a powerful platform for making a real difference.