Business Education in India

According to Cygnus estimates the business education market in India was estimated at about Rs35 billion in 2010 (campus and distance education together) and currently 4,800 business schools producing over 140,000 management graduates every year is not enough to meet the growing demand for management education in India. The total 2650 seats offered by the 11 IIMs, there are about 1340 seats that can accommodate candidates from the general category.

Interestingly, the number of General category candidates taking CAT 2010 has dropped by 1% to 81% compared to that in CAT 2009. The percentage of NC-OBC category candidates taking the test remains the same at 11%. This year approximately 0.24 million students took the CAT. As a result, opportunities in management education in India are immense. Furthermore, the increasingly globalised nature and context of business in the Indian economy require an expanded horizon of management and leadership, which can be achieved through continuous improvement and up gradation of capabilities, skills and change of mindset of the management graduates. Hence, business education in today's environment plays a significant role and should prepare the students to face the challenges boldly. Several business schools have been set up in the last few years but very few can mould the students to meet the expectations of the industry.

In view of this scenario, the report covers business education in India, the structure of various institutes and curricula offered, genesis of private initiative and its present status, initiatives taken by the Government to improve the backbone of the country's business education system and above all a special focus on the MBA educational institutes – its ranking, issues and challenges, placements and a broad discussion on international recruitment for MBA graduates passed out from premier management institutes. This report has ten chapters and discusses all the pertinent issues related to business education in India.

The report will be useful for private entrepreneurs interested in investment in business education, universities wanting to set up/collaborate with Indian B-schools, educationists, research scholars, private MBA schools to assess the emerging scenario, aspiring students interested to know about the present business education infrastructure and its issues and financial institutes/banks offering assistance to new ventures. SHOW LESS READ MORE >

Executive Summary
Highlights
1. Business Education in India – An Overview
1.1 Academic Qualification Framework in Higher Education
1.2 Statutory Bodies
1.3 Types of Higher Education Providers
1.4 Structure of Indian Business Education Market
1.5 Trends in Public Expenditure on Higher Education
1.6 Financing Available for Students
1.7 Major Management Education Hubs
1.8 Demand for Fresh MBA Graduates – an Outlook
1.9 Recent Trend - Indian B-schools going Abroad
2. Quality Accreditation – National & Foreign Bodies
2.1 NAAC
2.2 NBA
2.3 Global Accreditation
2.4 AMBA Accreditation
3. Major Management Institutes
3.1 Government Funded Top 10 MBA Institutions
3.2 Major Private MBA Institutes
4. Growth Drivers
5. Issues & Challenges
5.1 FDI in Higher Education
5.2 Mismatch in Education Curriculum and Industry Needs
5.3 Attracting Students at the Entry Level with Placement Records
5.4 Challenges in the Way of Becoming a World-class Institution
5.5 Issues Related to Quality Certification
5.6 Quality of Colleges/Institutes – Ranking
5.7 Other Issues Faced by the MBA Institutions
5.8 Suggested Strategies
6. Ranking of Business Schools and Placements
6.1 Survey by Financial Times 2010
6.2 Placement Scenario in Business Education
6.3 Domestic and International Placements Offered in B-schools in 2010
6.4 MBA placement 2010'
7. Critical Success Factors
7.1 Identification of suitable location and availability of land
7.2 Customising best practices for organisational development
7.3 Selection of professors & lecturers
7.4 Selection of students
7.5 Cost matters
7.6 Placement of students
7.7 Strong Marketing & Promotional Planning
7.8 Branding
8. Foreign Universities & Collaboration in India
8.1 IIMs in Foreign Collaboration
8.2 Foreign Universities Coming to India – Issues and Challenges
8.3 AICTE Regulations for Entry and Operation of Foreign Universities in India Imparting Technical Education 2005
9. International Business Schools and Recruitment
9.1 Preferred MBA Destinations
9.2 Top Business Schools by Region
9.3 Geographical Distribution of Employees
10. Outlook
Annexure 1: Estimated cost & Revenue Structure of Private Management Institutes
Annexure 2: Foreign Collaborated Institutions
Annexure 3: State-wise list of MBA coaching Institutes for MBA Entrance examinations in India
Annexure 4: Region wise List of Institutes Offering Distance Education
Annexure 5: List of abbreviations
Annexure 6: BIBLIOGRAPHY.

List of Tables

1.1: Entry Level Exams and the Respective Eligibility Norms
1.2: Authorities and Mandates
1.3: Distance State Open Universities
1.4: Criteria for Student Loan
2.1: Indian B-Schools Accreditation Status
3.1: Indian Institute of Management - Ahmadabad
3.2: Indian Institute of Management - Bangalore
3.3: Indian Institute of Management - Calcutta
3.4: Indian Institute of Management - Lucknow
3.5: Indian Institute of Management – Kozhikode
3.6: Indian Institute of Management – Indore
3.7: Indian Institute of Foreign Trade – New Delhi
3.8: Faculty of Management Studies – University of Delhi
3.9: National Institute of Industrial Engineering
3.10: Shailesh J Mehta School of Management (SJMSOM)
3.11: Indian School Of Business- Hyderabad
3.12: Xavier Labour Relations Institute - Jamshedpur
3.13: Institute of Management Technology (IMT), Ghaziabad
3.14: Management Development Institute - Gurgaon
3.15: International Management Institute (IMI)
3.16: ICFAI Business School- Hyderabad
3.17: SP Jain Institute of Management and Research
3.18: Amity Business School
3.19: Symbiosis Institute of Business Management (SIBM)
3.20: NMIMS University – School of Business Management
5.1: World Ranking of Universities
6.1: Ranking/Ratings of B-Schools in India
6.2: Top 100 B- schools (Globally)
6.3: CNBC TV18 'A of B Ranking'
6.4: Top Recruiters for Placements in MBA in 2010
6.5: Comparison of Overseas Placements 2010
6.6: Statistical Data Regarding Salaries Offered to Students of IIMs (2010)
6.7: MBA Placements 2010 Average Salary 08 vs. 09 vs. 10
6.8: MBA Placement 2010 Sectoral Preferences 2009 VS 2010
9.1: Top Five Preferred Destinations
9.2: Top Business Schools in Asia and Australasia

List of Figures

1.1: Public & Private Expenditure on Higher Education
1.2: Current & Estimated Demand for Various Segments of Vocational Education & Training Markets of India (in US$mn.)
6.1: Function-wise Placements in IIM A (%)
6.2: Function-wise Placements in IIM B (%)
6.3: Function-wise Placements in IIM C (%)
6.4: Function-wise Placements in IIM L (%)
6.5: Function-wise Placements in IIM I (%)
6.6: Function-wise Placements in IIM K (%)
6.7: Function-wise Placements in XLRI, Jamshedpur (%)
6.8: Function-wise Placements in (SIBM) Pune (%)
6.9: Function-wise Placements in (MDI) Gurgaon (%)
6.10: Function-wise Placements in (ITM) (%)
6.11: Function-wise Placements in IIM K (%)
9.1: Geographical Distribution (2010)
9.2: Sectoral Distribution