Exploding requirement : A Threat to the MBA?

Posted by chintan

December 6, 2007

It’s all you listen to demand for management education, training and skill development in India is rising exponentially.

Everybody, so it appears, is getting into the business of meeting this demand—from locally grown job training institutes such as IMS Preschool and Career Launcher to the procession of foreign business schools from around the world—keen to gain market share in the thriving Indian market.

Demand for education, of course, is good. No doubt there are many levels of need for education as India struggle with everything as of leveraging its rising power in the global market to its front-lines “skills crunch,” both by-products of its extended economic success.

So how could the exploding demand for management education and training in India be a threat to recognized MBA programs? The MBA, long detained to be the most sophisticated form of management teaching—the place where future head of industry be incubated—is vulnerable to devaluation from a variety of angles.

A. in the same way, in quickly growing markets in which individuals with even basic skills are in high demand, the possible is great for the marketplace to blur definitions of quality between educational programs focused on skill development—planned as job training—and the fundamental understanding of the earth country required for future global leadership, driven by rigorous, research-based MBA program offer by world-class academic institutions.

B. In environments where there is enormous entrepreneurial chance for smart people with huge ideas who are willing to work hard and take risks, the payoffs can be enormous. Who needs the deep information growth, costs and time commitments required of students in serious MBA programs? Just look at recent main commerce reporting in the U.S., for example, which suggests that the enormous salaries earned by hedge fund whiz-kids without an MBA are proof that the degree is no longer necessary to reach the summit of success.

Why does this matter? No hesitation the Indian business education market, in all its forms, is responding—as it should—to the diverse commercial needs of the country. In the short term, this is absolutely essential to convene the full spectrum of human capital demands of a skyrocketing economy. It would exist wise, however, for business leaders, academicians and the government to promote understanding in the market of the distinctly valuable position and aid made by top-tier MBA program, for the benefit of commerce, culture and the lasting global achievement of the Indian economy.

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