The Hindu : Kerala News : Management Education in the new era

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Wednesday, Jul 23, 2008
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Kerala

Management Education in the new era

Management education in India which started a little less than half a century ago has made rapid strides over the past decade. Today, an MBA or an equivalent degree is looked at by many as a passport to a good career - a career which is highly challenging and extremely rewarding.

The process of liberalisation which started in India in 1991 led to a major spurt in the demand for management graduates.

Organisations from a variety of industries ranging from proprietorship firms to large MNCs started recruiting management graduates from management institutes in India by offering them attractive pay packets.

This increased demand for management graduates, in turn, gave a major fillip to the demand for management education in the country which resulted in mushrooming of centres offering management education.

It is estimated that that there are around 1000 institutes at present offering post-graduate courses in management in India.

The quality of these institutes ranges from world-class at the Indian Institutes of Management (IIMs) to abysmal at some of the badly run management institutes.

To get into a management institute, one has to go through a selection process which includes written test, group discussion and interview.

There are a large number of management entrance exams in the country. Some of these exams are used by multiple institutes as a part of their respective admission processes.

The prominent among them include CAT, XAT, ATMA, MAT and JMET. Besides, there are a few management institutes conducting their own entrance exams such as FMS, IIFT, IRMA, Symbiosis, NMIMS etc. In addition, there is Common Entrance Test (CET) conducted by some states for the MBA offered by universities in their respective states.

The type of placement that you get and the career prospects depend on the type and reputation of the management institute that you select.

Sarath. P

Centre Director

TIME, Kannur

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