Management Education: Need a Change (An Empirical Analysis)

The management education plays an essential role in today's dynamic business environment. Due to liberalization and globalization various multinational companies have entered to India and have increased the demand for professional managers. Management education has gained importance due to the emergence of professionalism in the corporate sector. In the meantime, the competitive business environment has paved the way for increased demand for management graduates in the employment market. This has led to a significant expansion of management education in India. To meet the increasing demand of professional managers, the government has given approval to various business schools. But today, business schools have the challenging task of developing the competency level of students to meet corporate expectations. Due to developments in today's business environment, preparing our students for their future will require significant change in the curriculum and pedagogy. This paper tries to explore the present situation of management education in India. This paper also studies the trends prevailing in management education in India, and tries to find out implication of management education in India on Industry and individuals. Further it tries to study emerging issues of management education, and to find implementation of possible direction and policy towards improvement of management education in India. This research will help the business schools particularly in the developing world to understand the emerging trends in management education and update their MBA curriculum to come at par with the international standards of business education.