Management Education in Contemporary India

According to the reports, only 10 to 15 percent of students passing out from business schools (B-schools) in India are employable. It puts greater onus on the shoulder of the business schools in general and university governed business schools in specific to equip their students with more and more technical, analytical, soft and conceptual skills so as to ensure bridging the gap between what industry want and what is being provided by business schools. The expectations of the industry continually change with the passage of time. Some of the university governed business schools appear to be getting concerned to operate professionally. However, a big chunk of them is yet to be fully alarmed to be capable enough of meeting altering needs of the industry.

Managers prepared by business schools are required to be competently handling recessionary trends. Students passing out from business schools are required to be having a strong flair for research. Without research orientation they appear to be incomplete. The orientation of research further augments the probability of getting succeeded in VUCA business environment. Aligning itself with global economic challenges and trends, Indian management education is undergoing a transition. With a tectonic shift in industry expectations, role of our Bschools has become more critical in preparation of leaders in disruptive economic scenario. Business environment in India is expanding horizons accommodating new-age sectors under its fold. While many business schools in the country have embraced the change, massive make over in educational approach is the need of the hour, opine industry experts. Bridging the widening academic-industry gap can be attributed to fluid economics at the global level. Industry required the managers who can withstand the test of time, opine the experts. Employers getting smart and are looking beyond mere score cards. (Kanchan Gogate, 2020)