MBA Education needs a 'Rethink': MBAUniverse.com Conclave

MBAuniverse.com, in association with leading business schools and management education fraternity, organized the first ever Indian Management Conclave - 2010 on August 13.

Noida, India (prHWY.com) August 16, 2010 - The occasion was also graced by Dr Bakul Dholakia, former director of IIM-Ahmedabad, directors of IIM-Indore, IIM-Kozhikode, representatives from leading B-schools, corporates, knowledge companies and delegates of education institutes from around the world. IIM directors, educationists, B-school deans, international faculty and education companies converged to debate the state of 'Indian Management Education'. Indian Management Conclave and MBAUniverse.com will play a vital role in this discovery and transformation.
Endorsing the theme of the Conclave, the top experts opined in one voice that Indian Management Education needs a Rethink.

Speaking on this occasion, Shri Salman Khurshid said, "I am glad that the management education fraternity has felt the need to relook at the MBA education in our country. And it is important that we attempt to enrich management education through forums such as the Indian Management Conclave." He also added that "India is a complex country with myriad challenges and a lot of opportunity. Management education and its experts should solve the larger problems of the nation. Government is willing and open to welcome them in the process."

Talking at the inaugural session, Dr Debashis Chatterjee, director of IIM Kozhikode said, "Indian Management education should not just ape the western models, but develop and promote its own unique understanding and ethos."

On the occasion, Dr. Bakul Dholakia, former director of IIM, Ahmedabad and Advisor, Adani Group MBAUniverse.com introduced MBAUniverse.com Indian B-school rankings 2010, which were conducted under his Chairmanship. The rankings will be published on MBAUniverse.com soon.

"As a participant and keen observer of Indian MBA education sector for the last four decades, I feel that MBA education sector in India is at the cusp of a major transformation. Today, Indian B-schools are facing formidable challenges, but they have great opportunities as well. MBAUniverse.com MBA Rankings will study how our leading institutes are responding to the rapidly changing scenario of Business Education in India and emerging as winners. I am sure this unique ranking exercise will help all stakeholders in not only recognizing the leaders, but also in making well informed decisions," said Dr. Dholakia.

Experts from MBAuniverse.com suggested that the Indian management education needs a major overhaul if the country is to produce effective manager and leaders for tomorrow. In the current scenario regulatory changes, growth in the Indian economy, a culture of entrepreneurship and the impact of digital technology in testing and learning has created unprecedented opportunities. Yet, the sector also faces serious challenges due to unmet stakeholder demands.

"Indian management education is in the midst of massive transformation. There has been a boom in the last decade, but in the last two years, there has been a massive churn. Many institutes are shutting shop due to unmet stakeholder demands. Recruiters are unhappy with the average quality of MBA output," said Mr. Amit Agnihotri, Chairman, MBAUniverse.com. He added, "However, there are many positive trends too: India is emerging as the hub of global management practices and innovation.
Corporates are much more serious about their talent management, and technology is ready to transform the sector. I, therefore, believe that the Indian MBA education can be a global brand, which attracts the best students, faculty and recruiters from the world."

While the MBA sector has experienced significant growth in the last decade, the level of dissatisfaction amongst both corporates and students is on the rise. There are, of course, many high quality management education institutions in India, but institutions at the bottom of the management.

Education pyramids are often unable to meet quality standards and are characterized by student churn, weak infrastructure and inexperienced faculty. Effective and Efficient Management Education is probably where the answer lies - and hence the need to Reboot and Rethink on the Indian Management Education.
The Indian Management Conclave saw participation from some of the best known education players from around the world viz. GMAC (owners of GMAT), Harvard Business Publishing, Prometric, NIIT, Prometric, Future Group, and Educomp among others.

The eminent panel of speakers discussed various aspects of management education - 'global MBA trends'; 'challenges facing Indian MBA sector' and 'future of MBA' in India and globally. The two-day conclave shall conclude on Saturday, August 14.

Stay tuned to MBAUniverse.com for more highlights from the Indian Management Conclave and release of MBAUniverse.com Ranking on Monday August 16.

###

Tag Words: mba education

Categories: Education

Press Release Contact
TRIUMPH MEDIATECH PVT. LTD.
C - 97, Second Floor,
Sector-2, Gautam Budha Nagar,
Noida - 201 301, INDIA.
Phone No: +91 120 4549790 - 2
Fax: +91 120 4549785

Link To This Press Release:

URL HTML Code