State of the MBA: Lessons to be learnt

Management education needs an overhaul as technology continues to transform the modern-day workplace

Last Updated: Jan 11, 2018, 06:28 IST1 min

Image: ShutterstockThe foundation of Indian enterprise and the economic progress made by the country in the seven decades since Independence has been laid down by an exceptional talent pool. Over the years, hardworking and intelligent individuals from all strata of society have excelled in their chosen fields of education and contributed towards nation-building through their professional pursuits. Many of them either chose engineering or management, or both.

Management education became popular in India after the first few Indian Institutes of Management (IIMs) were established in the 1960s and 1970s. Graduates from IIMs and some more public and private business schools that followed them went on to become successful business leaders in India and globally, especially after the Indian economy was opened up in 1991.

But after spawning lakhs of successful professionals through the years, management education finds itself at a crossroads today. The substandard quality of education imparted at hundreds of business schools that have mushroomed across the country to cater to the aspirations of millions of Indians joining the workforce each year has rendered several new MBAs unemployable.

As technology disrupts every sphere of life, including the modern-day workplace, only those schools that reimagine their curriculum and pedagogy will remain relevant.

First Published: Jan 11, 2018, 06:28

Indian economy Indian Institutes of Management

Subscribe Now

Aveek Datta

Home

State-of-the-mba

State-of-the-mba-lessons-to-be-learnt

leadership

Podcasts

Videos

Thought Leadership

Lists

State of the MBA: Lessons to be learnt

Management education needs an overhaul as technology continues to transform the modern-day workplace

Latest News