Mushrooming Management Institutes:Survival

The main objective of the paper is to know the present scenario and development of management education in India & to investigate its major issues & concerns. Today we need good and active managers for the development of country, so that they should know all the facts, logic and strategies, for implementing them in their practical field. For this they should get education from good institutions. Today in India, there is no dearth of institutes imparting management stream of education, but they are not giving education up to the mark, instead they demand high fee from students. Therefore, the result is average number of institutions providing average quality of managers. Otherwise, it would have been better, that quality education is provided by quality business schools, and then it would be beneficial for all students, companies and country too.

The paper explores the trend of professional education in India. The secondary data is analyzed to investigate the reasons for large number of vacant seats in professional colleges. The last two decades had witnessed extraordinary growth in institutes of higher education primarily due to private sector involvement. The private sector is expected to provide useful contribution in achieving the target of 30% GER by 2020 set by government of India. Though the private institutes have grown in number, they are not able to attract the high-ranking students. The issues of quality, access, equity, inclusiveness require urgent attention of the stakeholders. Main concern of today is that even graduates and postgraduates are not fit enough to get a job, forget about matriculates (10+2). This is all because of our education system. Large number of vacant seats in self-financing colleges is threatening the financial viability of these institutions. Proper regulatory framework supported by mutual trust and accountability is important for the establishment of vibrant global private higher education institutions, which can ensure quality, access, and inclusiveness.