Vol. 5 No. 2 (2021)
Articles

A Survey on Major Issues, Significant Challenges and Current Trends in Management Education in Indian Context

Published 2022-03-03

Keywords

  • Management education, stakeholders, governance, accountability, compensation packages.

Abstract

Today across the globe management education is facing a unique crisis of relevance in the contemporary scenario. All the major aspects of Business education such as quality of MBA aspirants, quality of research publications, business research, curriculum, industry-institute inteiface, faculty development programmes, placements, management development programmes, compensation packages of B-school graduates, diversity among the faculty as well as the students, career development trajectory of alumni, governance and accountability etc. are under critical scanner as of now. In the international arena Indian B-schools are not untouched by the contextual expulsions of the management education. Also concerned over the lack of high quality, context specific management research in India and also the predilection of Indian researchers to follow western models of research and publication blindly some of the relevant issues should be discussed. Multiple issues are indeed faced by B-schools in India such as proliferation of B-schools, faculty shortage, quality of education, governance and accountability as well as poor regulatory mechanism. Also, in order to meet the issues and challenges of the future, the reform of the higher education could be unavoidable. The education institutions need to strive to achieve the balance between the education cost and the quality. The gap between theory and practice is one of the major criticisms of MBA schools. The present paper analyses the issues and challenges of management education in India in the emerging scenario and also provides remarkable insights into revitalizing B-schools that may benefit all the stakeholders.