MBA And The Changing Workplace: IIM Calcutta Director Alok Rai On Skills, Careers And Leadership

Ahead of the BT-MDRA India’s Best B-Schools Ranking issue, Business Today Group Editor Siddharth Zarabi spoke with Professor Alok Kumar Rai, Director, IIM Calcutta, about the changing landscape of management education and the future of the MBA. Rai discusses how business schools must prepare students not just for immediate job requirements, but for larger leadership roles in organisations. He explains why conceptual knowledge, adaptability and the ability to continuously learn remain critical as technologies and business models evolve. The conversation also explores the growing influence of artificial intelligence on MBA curriculum and pedagogy, with IIM Calcutta introducing AI-focused learning initiatives, labs and digital programmes. Rai discusses the potential growth of one-year management programmes and hybrid learning, particularly for experienced professionals. He also shares his views on changing employer expectations, the importance of data and technology-related skills, and why future managers need to understand how to use emerging technologies for broader business decision-making. The discussion touches on the changing mix of engineering and non-engineering students, female participation, the job market and pre-placement offers. Rai also outlines his vision for management education that develops responsible leaders equipped to navigate AI, emerging technologies and rapidly changing business environments.