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Business Education in India
CYGNUS Business Consulting & Research, Dec 2010, Pages: 162
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.
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