There is truly a mad rush by all and sundry to take management education. Every other day, new and new management
training institutions with real quality apprehension are coming up to capitalise this trend. The purpose is to make some quick money. Some basic requirements are not met by these institutes and the large number of gradates coming
out of these MBA institutions are not only lacking basic understanding of the subject , but also continues to be rejected by the target destination, i.e. the corporate sector. So, employability of these large so called MBA s
is in question.
Another trend is also visible. Our best and the brightest that go to premier business schools for post-graduate management education are at an
early age focused only on earnings in final placements and not on what they are learning. This is detrimental to the whole society. This tendency must be changed and initiative should be taken to make the management education a
real education, not a mere stepping stone to high-paying jobs. The rest will inevitably follow.
It is also true that the industry always suffers from dearth of efficient managers. Mere MBA degree cannot make that. The
situation further worsens if the foundation and understanding of the subject remains low. New sectors are coming up , which is continuously redefining the knowledge and skill requirement of the managerial manpower it
employees. Traditional MBA s are failing to catch-up these needs. Specialised short-term and medium term courses are being designed for this purpose, where the very focused persons are joining.
For example, ICFAI is
successfully conducting specialised programmes on insurance, banking, portfolio management.
The recommendation of the VKRV Rao Committee should also be taken care of. This report clearly specifies following recommendations
on the employment pattern of Indian industry.
* As per this recommendation, Management education should be the apex of a pyramid of which the base consists of simple commerce graduates.
recommendation also suggests that that the commerce graduates should be preferred for the lower level jobs, like the sales officer or the accounts supervisor etc. The M.Com graduates will have specialised in one industry or
another, like banking, transport, even non-government sector and enter those areas.
* According to this recommendation, the management graduates will be fit to join as a manager at the entry level and such MBAs are
expected to have exposure to many aspects of management, those are not the prerogatives of others.
But, this report has not been implemented for some other reasons. Industries also support the inherent matters of the
above recommendations in their own terms. Still today, many traditional business houses of the country are not jumping in the bandwagon to hire MBA s. They recruit Post-graduates from different disciplines matching their
technological and managerial needs.
So, to conclude this can be said that MBA s should be preferred only where managerial competencies are required and suitable candidates are in the offering.