THE PAST AND

PRESENT OF
MANAGEMENT
EDUCATION IN INDIA

K.R. Mangalam University

 THE PAST AND PRESENT OF
MANAGEMENT EDUCATION IN
INDIA
In the past few decades, management education has become one among
the most coveted disciplines globally, which especially gained ground as a
result of globalization, privatization, and liberalization. Being a relatively
context-speci c discipline, management education often undergoes
frequent changes. There have been a lot of changes in the domain of
management education in the past that had to be handled by business
schools to stay relevant with the industry advancements. Right from the
recent technological advancements to the industry approach, there have
been rattling changes in the sphere, and management education always
got updated with it. The economic growth of India in the recent past and
the need to sustain the existing growth has forced B-schools to accelerate
their adoption of new methodologies in the management education
system. There have been a lot many transformations that have taken
place in the sphere of management education and it would be interesting
to know the past structures and how they di er from the present
condition of management education in the country.

Currently, there is a high number of management graduates passing out

every year in India, providing a tremendous potential for management
professionals to contribute to the country’s economy and creation of a
‘knowledge society’. However, the challenges in management education
impose the need for a constant change in the educational structure of
management. There needs to be a regular upgradation of the course
content and curriculum and integration of the management education with
the corporate sector.
 THE PAST AND PRESENT OF
MANAGEMENT EDUCATION IN
INDIA
Ideally, the quality and nature of management education is what
determines its pursuers’ understanding of modern business and
economies. Standing by the traditional approach of management
education in the current business scenario will do much disservice to the
students as well as the employers. This is why it is important that business
schools today adopt a compelling curriculum that is relevant to the current
economic scenario. B-schools need to appreciate the existing and
upcoming changes in the business sphere and review their curriculum,
learning pedagogy, and the faculty to meet the current requirements of
the industry. With the corporatization of businesses, there is a rising
requirement of highly-skilled job-ready individuals who are equipped and
e cient to understand the bigger picture of the economy and contribute
to the organization’s growth trajectory.

Management Education in the Past:

In ancient India, management was a part of our civilization. It was only after
the globalization that the face of egalitarian education in India changed,
posing newer challenges to management education. The later years of
management education demanded learners to think out of the box to
handle new ideas, challenges, and opportunities of the globalized world.
The growth of formal management education in India is hardly a half-
century old when new business schools established by government
started o ering MBA programs. By the year 1990, there were 82
university-based management departments across the country.
 THE PAST AND PRESENT OF
MANAGEMENT EDUCATION IN
INDIA
Present Condition of Management Education in India:
Currently, the management education is seeing two emerging trends – the
globalization of management education and the increasing usage of
technology. It is no doubt that technology and globalization have de nitely
shrunk the world. As a result, there is an increasing need for global
exposure in management education and this is why reputed b-schools
today are coming up with exchange programmes and joint degrees,
collaborating with international colleges/universities to o er a global
curriculum and diverse learning experience to students. Global immersion
programs are the trend today that allow students to do live projects
overseas, giving them a real-world exposure in a di erent setting and
context. Such programs prepare students for global leadership roles,
which is indeed a much needed trait for today’s corporate businesses.
Moreover, this kind of cross-cultural exposure in business setting
contributes to the skills development and imparts valuable experience to
students.

The past two decades were challenging years for business management
education as the increasing globalization and technology have become
the drivers of the new economy. The signi cant changes that the
management schools went through in the past decade was with respect
to the diversity of the student pro les and the industry involvement. As a
result, MBA programs became popular not only among students but also
working professionals. The entrance criteria changed and many business
schools started giving credits for the experience beyond test scores.
Similarly, the involvement of industry has been increasingly popular in the
recent past with business executives and industry experts coming on
board as visiting faculty, guest lecturers, and for research collaborations.
Apart from that, industrial involvement led to live projects and industry
internships for students, giving them the opportunity to gain practical
knowledge and experience in a real-world business setting under the
guidance of industry professionals.
 THE PAST AND PRESENT OF
MANAGEMENT EDUCATION IN
INDIA
The invigorating blend of globalization and technology has made business
schools the best place for students to learn and grow. In that regard, K.R.
Mangalam University is keeping pace with the modern transformation and
is emerging as an eminent institution in the recent years. No wonder,
KRMU is already listed among the best management institutions in the
country. Our university takes pride in its modern infrastructure and
technology along with a professional and highly-quali ed faculty, who
provide the adept and extensive resources in their respective elds.
Management graduates at K.R. Mangalam University are equipped with
skills and knowledge required for the future business world and are
enabled to learn the best industry practices across the world.

Overall, knowing the opportunities and challenges of the future business

environment, KRMU o ers its students the right mix of modern curriculum
and industry interface that enables them to match the current and
upcoming industry practices and excel in the sphere of business, not only
on the national level but globally.