FINAL MBA VISION 2020 REPORT
Abstract:
In this case study we propose a solution to MBA Education faced during current study and also focuses on online management education with three models of education by 2020.
Management education across the globe is facing unique crisis of relevance in the permanent scenario. All the aspects of Business education such as quality of MBA aspirants, curriculum, business research, quality of research publications, industry-institute interface, management development programmes, 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 lacuna in MBA course program. 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 case study analyses issues and challenges of Management education in India in the emerging scenario and provides remarkable insights into uplifting B-schools that may benefit all the stakeholders. Current Scenario:
According to some surveys, more than 100,000 students graduate from such private institutions, but the businesses tend to sort out the creamy layer of the professional population, which account for just 5-10% of total management professionals. It happens that students do not even realize the poor quality of their chosen program at the early stage of their education, and there is such a high demand for management degrees that most of these B-schools are full despite of poor quality education. The market analysts suggest that the professionals graduating from such B-schools end up accepting jobs which are low paying and do not ensure great future.
Sometimes, such professionals land into those jobs, which do not even require a management graduate. Some unaddressed key issues:
• Bare
In this case study we propose a solution to MBA Education faced during current study and also focuses on online management education with three models of education by 2020.
Management education across the globe is facing unique crisis of relevance in the permanent scenario. All the aspects of Business education such as quality of MBA aspirants, curriculum, business research, quality of research publications, industry-institute interface, management development programmes, 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 lacuna in MBA course program. 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 case study analyses issues and challenges of Management education in India in the emerging scenario and provides remarkable insights into uplifting B-schools that may benefit all the stakeholders. Current Scenario:
According to some surveys, more than 100,000 students graduate from such private institutions, but the businesses tend to sort out the creamy layer of the professional population, which account for just 5-10% of total management professionals. It happens that students do not even realize the poor quality of their chosen program at the early stage of their education, and there is such a high demand for management degrees that most of these B-schools are full despite of poor quality education. The market analysts suggest that the professionals graduating from such B-schools end up accepting jobs which are low paying and do not ensure great future.
Sometimes, such professionals land into those jobs, which do not even require a management graduate. Some unaddressed key issues:
• Bare