Changes and Challenges in Management Education

Management Education is witnessing great upheaval in the present scenario where the country is going through a period of economic recession and unmet serious demand for high quality managers to oversee the nation’s growing businesses. All the aspects of management Education such as quality of MBAs, course content, business research, quality of research publications, industry-institute interface, faculty development programmes, placements, compensation packages of  B-school graduates, career development trajectory of alumni, diversity among faculty as well as students, governance and accountability, etc. are under critical scanner. Indian B-schools are not untouched by the contextual compulsions of the Management Education in the international arena. Indeed, B-schools in India are facing multiple issues such as proliferation of B-Schools, quality of education, faculty shortage, poor regulatory mechanism and governance and accountability. This paper is an effort to examine the current management Education system, the changes it has observed over the years and the challenges it is facing, in a response to current paradigm.