Revising the trend of Management Education In India

Only 5% of undergraduate students in the country wants a master's degree after graduation. Some students are time bounded as they already know what they want. Their priorities are to get a job at 22, get married by 24 and get on with the job of starting a family by 25. It is intricate for some to invest two more years into getting a master's degree and then earning employment.

About 2,00,000 students choose to go Abroad every year. College is a new journey to everyone. For some students, the journey to college takes a bit longer than a drive down the street.

Brain Drain in higher education is also one of the reasons to drop down enrollment rate for Management education in India. As Indian institutions has a huge capacity constraint and lack of quality faculty members.

Experts opine that old curriculum and teaching methodologies in B-schools has not able to keep pace with fluid and dynamic environment.

However, in spite of a degree not all B-school graduates are considered job-ready. Lack of good placement is also one of the reasons that students are losing interest for higher education.

An established trend in the market is that one cannot go wrong with an MBA degree. The need of an hour is to make higher studies attractive for the students. This trend can be reversed by encouraging a series of private quality institutions and institutions with public private partnership completely deregulating higher education. This will open wider options for students to enroll them in Good B-school.

As a country, we are now an ‘economy in transition' and a key driver to global growth. In this transitional phase, business processes are evolving and becoming more complex. On the other hand, expectations from corporate executives decision makers and problem solvers have increased tremendously. Professional education now needs to move beyond conventions in order to catch up with a rapidly changing context.

In Europe, one year MBA degree has already become the dominant form of MBA training. 31 leading European business schools ranked among top 100 schools globally, over 22 schools offer degrees in 12 months, survey by Financial times and The Economist.

Many business schools in India like Indian School of Business (ISB), Great Lakes Institute of Management, S.P. Jain Institute of Management & Research and Sambodhi Research & Management Institute are offering specialized one year courses in management and finance which are equivalent to MBA and help students acquire the needed skills to survive in this tough competitive and corporate world.

Here, the students are encouraged to seek learning rather than being doused with information.