A few experts have shared their views on Indian higher education during a discussion on 'Bridging Higher Education and Industry Needs: A Global Perspective' which was organized by HT Media in New Delhi on 6th of April, 2013 (Saturday).
Also, there are millions of working adults who are unable to fill their need for career enhancement and higher income due to the mismatch in the skills and competencies that they have and what industry needs.
According to the sources, around 40% try and upgrade their qualifications while making a career shift. Professor Henry S Bienen who spoke about the Education needs and India said "The world keeps changing, so what becomes important is to provide people with continuous learning, and in a heterogeneous country like India, a lot of different institutional forms needs to be developed in order to meet the needs of a highly differentiated population".
Moreover, the involvement of corporates and leading management education institutions in supporting skill and competence building that is industry relevant has become an accepted practice. Also, several institutes like University of Pennsylvania, Carnegie Mellon University and Apollo Global, Inc. (USA) to name a few have taken up this cause and are providing education customized to the needs of working professionals.
Adam Gutstein, Principal and Management Consultant Leader PwC, USA, focusing on the needs of corporates said "There are two broad sets of skills - first is the core skills which are needed for key functions, and secondly, there are the sector specific skills. What is really required in management curriculum's is the focus on developing these sector specific skills. Additionally, there is a big need to take advantage of today's technology and educational institutions need to remain abreast with technology as much as the corporates."
Now, the need of the hour is for the Indian Management schools in order to adopt the best practices of World-class Management Institutions. It also includes the collaborative role of corporates in making management education applicable in the real world that suits today's competitive world.