Management Education The Current Scenario and the Way Forward

There was a time when MBA provoked a lot of craze among people. However, over the last few years, not only in India but even in the US, placements have been very bad in MBA institutes. The cost of tuition has risen manifold. The two-year MBA has lost its relevance, and it should be converted into a combined four-year programme. In fact, specialisation programmes of 14- 18 months on business analytics, financial engineering, multimedia, e-commerce, and digital marketing will do well in future.
M J Xavier, Director, Indian Institute of mnagement Ranchi, Jharkhand
Over the years, foreign presence may increase in the management institutes and programme offerings will be changed. Less than two years or executive MBA programmes will gain popularity.
Prof P Rameshan,

Indian Institute of Management
MPOnly three percent of India’s total R&D is conducted by educational institutions, and we have not done well in applied research in engineering and management as well. So, that is a matter of concern. Also, teaching is usually done through the case study method that focuses on companies who have performed in terms of profit and strategy. But this method has become obsolete abroad, as it talks about past practices. But today, the future lies in building socially responsible companies and innovative practices.
Dr M P Jaiswal, Chairman,Centre for Smart Innovation& Governance; Chairman,Process RennovationProjects, MDI, Gurgaon
There has been a dearth of serious people in education. I feel the faculty and students are the heart of any institute. We should invest in delivering quality knowledge and more value for all stakeholders. For instance, we have a structured mentorship programme for students at our institute, where faculty and industry leaders come together to guide our students. We also have academy quality assurance system, and academic audit at both internal and external level.
Prof Pankaj Gupta, Director General, Jaipuria Institutes of Management
There is a common concern among universities of management education world-over on how to build socially sensitive business leaders for tomorrow. Our institute undertakes many pedagogic innovations in this regard. For example, the programme called ‘Abyudaya’, where our students mentor underprivileged students from neighbouring slums.
Rukaiya Joshi, Professor, S P Jain Institute of Management & Research, Mumbai