Management education in India: The rise and the fall (A critical review of management education system in the recent decade)

There was a huge demand for MBAs until the very recent past. Firms’ made a bee-line for the management institutes to hire them. The late 90s and the early part of the next decade witnessed mushrooming of management institutes all over the country. While some of them were good, a vast majority resembled ‘management shops’ – shops because they were established to make some quick money and had little or no infrastructure and faculty. The owners had very little to do with education as they perceived this as just another opportunity to make money in view of the rising number of aspirants. It was almost a mad rush for admissions to these institutes. Getting admission to some management course in one of these institutes is far easier than getting a train reservation. Authors have analyzed the rising and falling popularity of management education in recent years. The authors have identified the cause and effect relationship responsible for sudden boom followed by slump in the demand for management education.The study is confined to the state of Uttarakhand itself. Details of institutions within the region have been obtained and synthesized for the purpose of research. Facts have been displayed with the help of figures and tables wherever required for the purpose of analysis.