In-depth Analysis of the future of MBA in India
“Embrace reality even if it burns you” – Pierre Berge.
Not literally, what he meant to say was to make sure to check your facts before pouncing on making a decision else it’s going to hurt you big time. It all looks good from the eyes of fantasy to view the world of MBA, wearing that corporate suit and getting ready to win the world with management strategies. However, to experience the truth it becomes important to do a ground-reality check. This report highlights trends for the responding business programs, including full-time, executive one year and part-time MBA.
Key Findings:
Taking insights from the Graduate Management Admission Council (GMAC), here we have come up with a rigorous step-by-step process approach in evaluating the MBA institutes based on their methodology of teaching.
Across the world, GMAC is well-known for providing a competitive edge in various industries for young graduates. And, in India, management education has become popular in recent times.
It’s all due to recent progression of Indian society and government, the decision to pursue higher education among Indian students is rising.
GMAC Conducted a survey in which 965 Graduate Business Programs Worldwide responded to the 2017 Application Trends.
Based on the overall findings, we come to the following results:
MBA programs draw a majority of graduate business school applications
- 69% of applications received by responding programs were directed to full-time MBA programs.
- 10% of applications were received by professional MBA programs.
- 21% percent of applications were received by business master’s programs.
This figure shows the popularity of fresh full-time 2 years MBA programs among Indian students. Moreover, the demand for graduate business education is directed towards most popular programs in Marketing, Finance and Human Resource.
Shift in student mobility:
Programs in India and south-east Asia were likely to report grown in international applications as compared to US.
Economic, Cultural and political factor:
It was found that student’s choice of pursuing an MBA program gets influenced by the socio-economic factors surrounding him. For example, students from business family background too were opting for MBA owing to their adoption and sophisticated peer groups.
Representation of female graduates in the business school pipeline too increased as women represented 42% of applications received by participating schools, as compared to 37% applicants from last year’s survey.
Full-Time Two-Year MBA Programs in India
- 83% of programs reported receiving more applications in 2017, as compared to 2016.
- The full-time two-year MBA programs located in India are the most competitive programs with 43% response from applicants. Unlike their counterparts around the world, applicants to these programs generally have little or no previous work experience.
- Female aspirants represent a minority of the candidate pool (38%). However, 64% of programs reported receiving an increase in applications from women, as compared to 2016. And, that’s a major hike.
Part-Time MBA
- Such Programs continued to experience slowing demand with one-third of these programs reported application growth this year, just more than half of programs. There is a dip in Part time MBA programs.
- More than 53% of programs reported dip in international volume. In total, 26% of applicants are international, down from 30% in 2016.
Online MBA Programs
- After 2 years of growth, demand for Online MBA programs has stabilized. However, it’s not a popular mode of pursing MBA among Indian students as compared to its western counterparts.
Demand for Graduate Business Programs tend to increase with class size, here’s a info graph that explains it:
Rise in Indian MBA programs
Graduate Business education in India –
Twenty graduate business institutes located in India participated in the 2017 Application Trends Survey and received 159,798 applications. All the programs are classified as Masters in Business Administration.
In total, 85% of the MBA programs reported growth in their application volumes this year, which is a positive sign.
A few applicants to Indian programs come from outside of India, which is less than 1%. Among the programs that received applications from international candidates, 25% reported growth and 75 percent are stable.
Importantly, women include 43% of the application volume to MBA programs and 74% of programs reported increased volume of female applicants.
To conclude:
Former Hon'ble President Shri Pranab Mukherjee speaking to mark the 200th year of Presidency College in Kolkata said: “It is not enough for students to pass exams with high grades and take up professions of their choice. For building the India of our dreams, we need to focus on an environment where the youth can speak their minds and have the confidence to look for ground-breaking, creative solutions.”