The history of Indian Management education is more than 100 years old. India’s top industrialists and businessmen have done their MBA from prestigious colleges such as IIMs and XLRI. It is not only about academic in Indian Management education but also the case studies taught makes Indian B-schools stand unique from MBA institutes of other countries. Let’s find out more about the Indian Management education in detail:
The beginning of management education: Now, coming to management education; management education was liberalized by the Indian government in 1990s after which they became immensely popular. Many institutes and colleges were incepted with management and technical education as their forte. The boom occurred because of the prestigious IIMs, IITs, FMS , IIFT and other famous colleges which not only garnered global recruiters but many fortune 500 companies started recruiting from these colleges via campus placements directly.
History of Indian B-Schools: The history of B-Schools goes long back. India’s first B-school i.e. Commercial School of Pacchiappa Charties was set up in 1886 in the southern city of Chennai (Madras) but the aim was mostly to fulfill British ideologies. The Indian Institute of Social Science founded in the year 1948 as India’s first management program. After this came XLRI in 1948 and then IIM Calcutta. Then there was no looking back. Today there are 20 IIMs and many more prestigious b-Schools. There are 1800+ B-Schools in the country.
Presence of B-Schools: During the last few years as many as 1018 B-Schools were added in India. Maximum numbers of B-Schools are present in the southern part of the country. Andhra Pradesh and Orissa both have approximately 300 B-Schools.
Degrees/Diplomas offered at Indian B-schools:
- MBA (Masters of Business Administration)
- PGDM (Post Graduate Diploma in Management)
- EPGM (Executive Post graduate programme in Management)
These are the most commonly followed terminology.
Placement Statistics: The entire top league B-Schools in India maintain 100% placement records and produce many entrepreneurs. Indian youth has grown from working class to an entrepreneurial class. B-Schools claim to give very high ROI when it comes to their placement amount.
Future of Indian B-Schools: Indian B-schools are ready to meet challenges and shape managers matching to global expectations. Management education is becoming more important in a contemporary and interdisciplinary world. It equips one to make profitable and judicious decisions within the limitations of resources, materials, men and machines. This stands a management graduate in good stead in almost every professional domain.
This is the reason why most of the B-Schools include relevant Case studies and other practical source of knowledge in their curriculum.