Business dull, 65 B-schools across India to shut down
MUMBAI: On the academic floor, the MBA programme was once supreme. Arrogantly and unambiguously, it became the final sign-off to schooling, attracting not only those interested in business but also all those who wanted to master the tools of management.
That hubris, thanks to its own profligacy, is now being shaken. The Indian management education sector grew so wildly when demand was rampant (today there are 3,900 management schools with close to 3.5 lakh seats) that supply overshot demand by a long straw. And now comes the fallout.
...Having said that, the manner in which India's business education sector has developed poses a vital question: Is the MBA for everyone? Across the country, academics, irrespective of the institute they are affiliated to, are relating to Henry Mintzberg of McGill University, Montreal, who devoted a book to his contention that "conventional MBA programs train the wrong people in the wrong ways with the wrong consequences". Mintzberg's line 'Warning: Not Prepared to Manage' has become a popular catch phrase in internal meetings that B-school boards and faculty members hold.
Read full article: The Times of India, February 19, 2012