What Business Schools Teach? A Study In Indian Context

Abstract

With education sector becoming a business model in itself, numerous colleges and universities have been established, churning out thousands of business management graduates every year in the market. The limited jobs and employment prospects existing lead to filtration of the talent pool, giving opportunities to only a few who have the relevant skills and capabilities. The present paper focuses on assessing the quality of education imparted by business schools in India and the opportunities for further development. We have interviewed the human resource managers and executives of companies across industries in Delhi/NCR to provide how businesses think about education and higher studies, particularly Master of Business Administration. We have used        t-test to find out what type of skills- functional or soft skills are relevant to the employers. Further, a  framework to study the quality of education in business schools in India has also been devised that can be used to assess the various factors and processes that affect the education quality in institutions. The paper concludes that general skills and not functional and technical add more value to an individual and hence are of more significance. The findings help in reducing the disparity between academia and business practitioners.