Quality of Management Education in India-Concerns and Challenges

Management education has a vital role to play in today's dynamic business environment since the management graduates play a key role in the economic development of the country. With the dynamic changes taking place in the economic scenario; it makes it even more difficult for organisations to survive in the competitive environment. This has led to the need for business schools especially in developing nations like India to impart relevant management education to students, which reflects the changes in economy. Management institutions have mushroomed in India, but quality delivered by them still remains elusive. The research indicates that less than 10% of the management graduates are employable. And this calls for the urgent need to transform the management education. The main purpose of management education is producing employable, ethical, creative and life-long independent thinkers to lead the economy. Why is the management education not able to provide the industry with the required skills? What are the main concerns and challenges the management education is facing? Hence, the main objective of the paper is to study the present quality of management education from the primary and secondary sources and present the concerns and challenges of management educations with due suggestions.