Trends, Challenges and Quality Imperatives in Management Education in the State of Madhya Pradesh

Abstract

Across the globe a degree in business management is highly coveted as it is perceived to open doors to opportunities and high-paid jobs and India is no exception. However, with the increased inclination towards gaining management degrees and a rapid increase in number of BSchools in the country a big question mark raises not only on the quality of management education and its relevance but also on the acumen of MBA aspirants and students pursuing MBA degrees.The top b-schools in India admit candidates through stringent selection criteria and then impart relevant and contemporary management education. On the other hand admissions in many other institutions are neither stringent nor rigorous and therefore the competency of pass-outs remains a question mark. Management education is facing multiple challenges in maintaining its relevance and keeping pace with changing demands of the industry. Although issues such as the quality of faculty and infrastructure concerns the entire academia but discussions must also take into consideration the quality of MBA aspirants, mushrooming B-schools and loop holes in regulation of professional education. The current paper aims at finding some of the important challenges and issues concerning management education in India in the changing times while discussing examples, lessons and insights from the state of Madhya Pradesh. The scope of the paper covers years from 2008 to 2012.The paper also discusses ‗Sallis‘ quality imperative model in educational establishments in Indian context.