Which is better?
In India, it appears, the autonomous B school outshines the department of management in a university. Especially if it is fully residential. This is unlike the US, where autonomy is inbuilt into university departments. The large bureaucracy in an Indian university nullifies some advantages that it may have in terms of scale and diversity.
Another unique thing is that the top Indian B schools are run by the central government. Unlike the Harvards of the U.S. This could be because the first independent Indian government identified Higher Education as a strategic growth lever, and went into action mode. Set up IIMs and IITs. The focus on one discipline helped them carve out a niche, unlike state universities, which also had fund constraints-still do. Industry participation initially was insignificant, and the government fully subsidised these institutions. My fees at IIM Bangalore for the PGDM in 1982-84 were around 3-4000 rupees per annum. Seems to have paid off for the government.
Less bureaucracy, strict faculty selection and student selection and swiftly changing curriculum and pedagogy with freedom and incentives to faculty have made IIMs a force to reckon with- I worked at 3 of them, I should know.
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